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8I=®000545
<br />Leader's written agteeetettt or apitllicabk law. Borrower shall pay the amount of all mortgage insurance preminma in the
<br />mamxr pts.;i~d [trader paragraph 2 Isereot.
<br />Any antouttta disbtined by Lender pursuant to this paragraph 7, with intetent thereon, shall become additional
<br />indeMedness of Barrawer neettt~ by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />" ~ arttoutrts shalt he payable upon tf~ic+e fret[ Leader to Borrower requesting payment thereof, and shall bear interest from the
<br />dad of dfsbnnanent at rho taro payatrle from time to time ort outataruNng principal under the 1"tote unleu payment o[
<br />inter .yt at strct+ tale wpdd be conVary to applicable law, in which event such amounts shah bear interest at the highest rate
<br />~' tad:e ~~I:cs`n'a tfrr-. Notes conta:~ in this paragraph 7 shall require Lender eo irr ~ arty expense or take
<br />aa~ action hereuader.
<br />R 6iaePsettea, Lender [nay make or cease to be made reasonable entries upon and inspections of the Property, provided
<br />that [.ender shag give Borrower nmice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />inttteatin she Property.
<br />t 9. CarAa~Aas. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condeatnation or other taking o/ the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />and shat! 6e paid to Lender.
<br />In tfae event of a total inking of the Properly, the proceeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. to the event of a partial taking of the Property, unless Borrower and Lender
<br />r otherwise agreern writing, there shall be applied io the sums secured by this Mortgage such proportion of the proceeds
<br />' as is equal to that proportion whrch the amoun: of the sums secured by this Mortgage immediately prior to the date of
<br />_ taking bears to the fair market va::~ of the Property immediately prior to the date of taking. with the balance of the ptnceeds
<br />pad to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offero to make
<br />an award or settle a claim for damages. Harrower fails to respond to Lender within 30 days after the date such notice is
<br />` rnaifad LerMer in au[horited !o collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unteas Leader artd Borrower oelretwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such instalhrtenu.
<br />t®. Borrower [slot Rdoased. pxtmsian of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Leader to any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />- prttcerdmgs against such successor or refuse to extend time for payment ar otherwise modify amortization of the sums
<br />- secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />tl. For6earaste by Leader Mot a Planer. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of nr preclude the exercise of any such right or rem~y.
<br />The pracureatent of irtsuraace or the paynrent of taxes or other liens ar charges by Lender shall not be a waiver of Lender's
<br />tight to acoelerate the maturity of Yfie itrdebtedness secured by this Mortgage.
<br />12. tteaaeiee Cstt6Nve. Atl remedies provided in ehis Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law err equity, and may be exercised rnncurrentiv, independently or successively.
<br />13. StetcesAea urd Aasigas Bosad; )oiwt sad Several [.fair~fy; Capttotr. The covenants and agreements herein
<br />- centairted shag bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subjs.[ to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shag be joint and several.
<br />The captions and headirtga of the paragraphs of this Mortgage are far convenience only and arc not to be used to
<br />interpret a de5rte the provisions he~cof.
<br />t4. Nrtkt. E[texpt for any notice required under applicable law [e be given in another manner, (a) any notice to
<br />Borrowtr provided for in thss Mortgage shall bt given by maitirrg such notice by cerifled mail addressed to Borrower at
<br />the Property Address or at such other address as Harrower may designate by notice to Lender as provided herein, and
<br />" fb) any nmice to Linder shall be given by certified mail. retain receipt requested, to Lender's address stated herein or to
<br />such outer address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or Leader when given in the manner designated herein.
<br />13. Urttsrs t-tetlgaige; Cwvestairg Law; Severy. Thin farm of mortgage comfrines uniform covenants for national
<br />we and [ton-unifaent covenants with Limited variations by jurisdiction to cattstitute a uniform sorority instrument covering
<br />teat property. This Mortgage shah be governed by the taw of the jurisdiction in which the Property is located. In the
<br />event that any proviaiwt or clause of this Mortgage or [ire Nate conflicts with applicable law, such cortfliM shalt not affect
<br />other provtaians of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisiow of the Mortgage and the Note am d~lared to be severabte.
<br />16. Dserawsrs Cory. Borrower shall b,r famished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />" 17. '7'rara[er of the t!lararty; Aawrapiow. If ail or any part of the Ptopertgr or an iaterat therein is sold or tratuferred
<br />by BOnovrcr without Leader's prior written consent, excluding (a) the crntion of a lien or encumbrance subordinate to
<br />this Mortgage. 4b) the creation of a purchase money security interest for household appliances, (c} a transfer by devise,
<br />dencast or by operation of law upon the dpth of a joint tenant ar Id) the grant of any leasehold interest of three years or ken
<br />~ co~ainitsg an option m purchase, Lender may, at Lerufer's option, declare al: the sums secured by this Mortgage to be
<br />imtnttliattly drte attd payable. Leotkr shalt have waived wch option to accelerate if, Prior to the sale or transfer, Lender
<br />and the person to whom tht Prsperty is to be wld or traasferred reach agreement in writing that the credit of such pessat
<br />is satisfatxory to Linder sad that rho interest payable on the sums soured by this Mortgage shalt be at such rate as Lender
<br />shall request tf Leader hors waives the option to accekrafe provided in this paragraph 17, and if Borrower's yxcessor in
<br />' itttertat has executed a writt~ aruatption agreematt accepted w writing by Lender, Lender snail release BorraRVer from alt
<br />oltt~atiers under this Mortgage and the Note.
<br />If Letsder exercises such option to accelerate. Leraler shall mail &urower notice of acceleration in accordance with
<br />para=raptt 14 hrreof. Such notice shall pravi~ s period of not less than 3o days from the date the notim is marled within
<br />which Borrower may pay the soma declared dus_ If Borrower fails ro pay ouch sums prior to the expiration of such period,
<br />- I.ptdtx nsay, without tttrHter noose or derosod on Borrower, invoke any rrnudies permitted by paragraph t8 hereof.
<br />NoN-UNlraats C.ovtrr[errts. Borrower and Leader further covenant and agtu as folbws:
<br />li. Acabntrtraf Fa~adiaa. Bm}t as pesrsimi i p~ari 17 frreaf, agort aerrerar'a ttreae6 of cry coveraat or
<br />ei ~ gib !-, f [tors eorsasata to Osty LrYea date aey mss aeeaaad 8p its M;wt~ge,
<br />S agora pile M a~wt+~a aW tri aatloe M iaswwa s psoYfded ~ paragnragph 14 koaaof a~iar: a) tYe broth:
<br />!~ dsa irs~e ram t~ ~-ate ! 4't3 m 3a'a. r~i saes ~ 3e agga frMr tae data tae taatkc b taaYntt to Bareower,
<br />tot eriidr attae ieas~it ~ ba caaedc [tad fN 9rt ftt~t to care atx4 ltraaea a. err a~~sat dto die gtatsiad la lea taafke
<br />aaattM Y awelaaauas ec fir arras aeeared b fair . foreeto.rrz bs jtadkiaf rroeeed{aB d .ode at rite thoPerig.
<br />TGMs awAlae aYeit tttr~ar bt?maa 14sseeraa M tae rsgltt re refrtatla otter ttccet~affar sad tie tryst ~ sort;[ b Ne ::.'r3owtas
<br />[ tlm Mora a< a dalauM K awy oteae aaterre of lllerrrower ro aecdtrttlor asd farodlawris H tie brsace
<br />Y ark crest aq err iatttae tea daM i! ~ retln, Lards N Letetier's try faire aY elf tan trite eeeand b
<br />Uii! liltlt~tBt tt lea irtaeiaEeP,~ tae ant[ ptt)aiia willtart fierier dnprarrs sad astp' teeeciaen al' p+asasiatg. Leader
<br />[call ill N erHaal Y aadt rtreat~eig ti esyrrra of faracfnatrta, itestttBag, bat toot fiat tor. wsaa4 art
<br />otd4ree. s<iaNetsM sad UCtt aagrarat.
<br />~ ~fnaatyM'a 1-f~IM is 1taYeatatn. Nwwghatarsitittg S.ottdar's acedaatiorr rat the stow secueed by this Mortgage,
<br />BotMrtattr skrH lsava t~tr ti,bt to live. arty grocxN.dimts be;tsn by l.rnder so cntorce this Mortgage discatttinued at any time
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