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<br />81--{~tl®5~~
<br />Ltttder's wriettn agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 herwf.
<br />Any atnounis disbursed by lender pursuant to this paragraph 7. with interest 4hereon, shalt become additional
<br />indebtedness of Harrower secured by this Mortgage. Unless Harrower and Lender agrtc to other terms of payment, such
<br />amounts shall be payable upon notice from [.ender to Harrower requesting payment thereof, and shall bear interest from the
<br />date of torso-mrnt at tltt rate payakie from time ro time an outstanding principal under the Nate unless payment of
<br />interest at such rate would be contrary to aoolicable taw, in which event such amounts shat! bar inttre3i at tke higl^ ~ rte
<br />pertreissib)e un~ar applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any cation hereunder.
<br />8. fin. Lencler may make car cause to be made reasonable entries upon and inspections of the Property, provided
<br />tkai Lender shall givo Borrower notice prior to any such inspection specifying reasonable roust therefor related to tender's
<br />interest in the Propet:y.
<br />9. Condtrnrratlon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />[n the event of a total taking of the Property. the proceeds shat! be applied to the sums secured by this Mortgage.
<br />with flee excess, if any, paid to Harrower. In the event of a partial taking of the Property, unless Borrower and Ixnder
<br />otherwise agree in writing, there shall be applied to the sums secured ley this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured ley this Mortgage immediately prior to the date of
<br />'taking bears to the fair market value of the Property immediately prior to [he date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower ar if, after native by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Hortower fails to respond to Lender within 30 days after the date such nafice is
<br />mailed Lender is authorized to 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 />Unless Lender and Borrower otherwise agree in writing, am• such application of proceeds to principal shall not extend
<br />or postpone the dttt date of the monthly installments referred to in paragraphs 1 and ?hereof or change [he amount of
<br />such instatlmtnts.
<br />19. )borrower Not Released, Extensior, of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Bareower shall not operate to release. in any manner.
<br />eke liability of the original Borrower and borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or retuse 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 />11. Forbearsact by Lender Not a Waiver. .4ny forbearance by Lender in exercising any right ar remedy hereunder. or
<br />ai'rrrrwisr afforded ley applicable taw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The proc~rctttent of insurance or the payment of taxes ar other liens or charges by Lender shat! not he a waiver of Lender's
<br />right to accelerate the maturitt• of the mdehtedness secured by this Mortgage.
<br />If. Rees Corte. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity. and may he exercised concurrently, independently or successively.
<br />13. 3occessoes and Aesi}taa boend: Joint and Stvcrai Liab[Bty; Captions. 77te covenants and agreements herein
<br />coniairtrd strati hind, and the rtighis hereunder shat! inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 1' hereof. Ali covenaots and agreements of Borrower shall be joint and several.
<br />'Rte captions and lieadittgs of the paragraphs of :his Mortgage are for convenience only and are not to be used to
<br />into:: Ni<t ar de.~ec tr''ie prawisions irrrrof.
<br />1J. Notice. Except far any ixHrce required under applicable law to be given in another manner, (a) any notice to
<br />Harrower provided far m tkis Mortgage sitaU ter given by mailing such notice by certified mail addressed to Harrower at
<br />Ehe Property Addrtcs ar at such piker address as Harrower may designate by notice to i_ender as provided herein, and
<br />fb) any ticxice to Lender shat! he given h} .erttfkd marl. return receipt requested. to Lender's address stated herein ar to
<br />such usher address as 1_tader may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mongage shall to deemed to have turn grvtn to Harrower ar ! er:der •~hen given in the manner aesignated herein.
<br />IS. (;Morin ltorarlr, GorerniaR Law; Sewerabibty. T'rris form of mengage combines uniform covenants fee national
<br />use and non-unifann cavenrnrs uttk';ut+.te.1 s-arratra±nj by ietris;.ites:err to canstine!e a uniform security instrument covering
<br />real property. Tars Mangagr shalt I+e govrrtxd by the !aw of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Nartgage ..r the Vast conflicts with applicable taw, such conflict shall not affect
<br />other previsions of thrs Mongage .rr €he Votc which coca tai a:ven effect wi€haut the conflicting provision, and to this
<br />end the provisiara of rhr Mar€gage and t?+r 'rote are .ieriared is be severable.
<br />Ili. bonaser's Copy. 13txr~+rrr shalt br furnrshrd a conformed copy of the Note and of this Mortgage at the time
<br />of € ~ni~: o af*.er r . ~-• beraf-
<br />17• TK ~ ~ ~: ~. If alt or any part-af the Property or an interest therein is sold or transferred
<br />ley Borrower without I,tnakr's prior wnttrn .onsrnt. excluding tai the creation of a lien or encumbrance suboniinate to
<br />ibis Mortgage, {b) the crcatton of a purchase more} suurirv interest far household appliances, {c) a trans[er by devise,
<br />rI¢sceoi ar by operation of !aw upon thr death ..i a }pent tenant or +d i the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lander may, cat I.rndtr's opuon. declare all the sums secured by this Mortgage to be
<br />immediately due artd payable- t_ertder she?: nave uarvrd such E,ption to acceleratesf, prior to the sale or transfer Lender
<br />Yke person to wham rite Property is ail be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfrntory to Lender slid tkat the inrertst payable inn the ,cams secured by this Mortgage shall be at such rate as [xnder
<br />shaft rrNuesi. !f i.ender has waivex# the aptron tr, acce?rate provided in this aaragraph 17, and if Borrower's successor in
<br />interest has ex~uted a written assumption agrtrsnent accepted in wriung by [,rrwtr. Lender shalt release Borrower from alt
<br />obligations under this Mortgage slat the Not.:..
<br />If Letxltr exercises such option to a::ceEtratt. Leader .hail mail Borrower Hoare of acceleration in accordance with
<br />paragraph l4 h~rtof. Such noii,^e s`,ail provide a per=txt of rc=; ire; than 30 days from the daft the notice is mailed within
<br />which Horn;wtr may pay the sums dectutd due. Ft Borrower t:::i, ro pa}• such rams prior to the expiration of suck period,
<br />I-tltdt;r tray, without further notice or detrrand on Iorrower. mvakr any remedies permitted by paragraph lg hereof.
<br />Moat-Utti~oaaa Co'wt;tv,ttvrs. Borrower snd Lender further covenant and agree as follows:
<br />resat ~ ~ ~ Motet} ~ eied ~ psasrwh IT btreot, upon Bnrrowe~s bn~c!± of any rny~ot ar
<br />isdlgg the eovenauts to pay when due any sum secured by this Mor~aae,
<br />Lttadar prior to accelarafior shah rttW ntrtke to borrower m provided in paragraph 14 (tercet sptcityir>gs (I) ttrr: brteeb:
<br />(3J the atdloa rtrgarkad ~ core torch breach; f3i a dote, not leas than _l@ days (rota the due the notice h mailed to 1[torrewer,
<br />h+~ trhirh ntxh breach m~ ba ctrretk and (1) that tti0ort to curs strch breach can or baton the dtrie apeeiHed is the taotlce
<br />rtaty YaenM ha areas ~ dre coma second by this '41ort+sge, [orecbsare by judkial proceeding sad sale o[ the Property.
<br />~ a trs".1sw" ' ;afrarrra 1Carrorttr of the ti<ht to rtiaatate after acrcltrtdiorn artd the right to assert in the Lttrecbsure
<br />1#~ the rraw•ealsteare d a tietrsak are troy other decease nt Borrow:r to accekratiaa a~ foeerlomvt. tf the breach
<br />/b tiaF tWed oa ar hdtmt the r61fe specified is the notice. Lender at Leader's option racy declare tdl a# the stems secured by
<br />this 1-4aetBrtbe to hr sly doe sad payoblt without [arlher demand and may fnreclusc by jadicfal procr>edipg. bender
<br />$~ Ise !a toldect ~ arch aU etpxmts ref (om~ure, 3rtrtndiag, bus sbr !ir¢ikcd ta, coke of docatoeattay
<br />Qyltii6~r, aiiiiraCN aa~i' ir~Vr txporia
<br />R, a ~ ~, NrHwithatartdrng Lender's acceitrauan of the .cams secured by this Mortgage.
<br />I3rnrtYwer simatt have the right to have env praa,redrngs tsegun b}. Ixndtr to enforce ihrs Startgagr .tire mtinurd ai an} tintr
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