|
$1--~~i- i :i 5C-
<br />Leader's written agrttment or applicable law. Borrower shat! pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />My amouota disbursed by Linder pursuant to this paragraph 7. with interest thereon, shalt become additional
<br />indr6tedrtrss of Borrower secured by this Mortgage. Unless Borrower and Lender agrce to other terms of payment, such
<br />amoums shag be payable upon notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />date o€ tfisbarsett~ttt a! the rate payable from time to titt>w on outstanding principal under the Note unless paytnaat of
<br />itturest at such rate wontd be emtraty to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permizsiSle tueder applicable law. Nothing eontaitred in this paragraph 7 shall require Lender to incur any ezpetne or tote
<br />say action heneutider.
<br />!3, ><- L.°ndrr rosy make or carrot to be made reasonable rntrks upon and inspections of the Pro~rly, providedf
<br />that Lender shalt give Borrower ttniiee prier En any such inspxiicn specifying reasonable cause therefor relatrd to Lender's
<br />interest in the Property.
<br />~. Caaaae. 'The proceeds of any award m claim for damages. direct or consequential, in connection with any
<br />condemtiatvon nr ittt+cr taking of the Propertp, ar part thereof, nr for conveyance in lieu of condemnation, am hereby assigned
<br />arnd shalt he paid to tender.
<br />in the event of a tixal taking of the Prctprrty, the proceeds shall be applied to the xums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower- In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied ro the sums secured by this Mortgage such proportion of the proceeds
<br />is eipral in that proportion which the amount of the soma s-scored by this Aortgage immediately prior to the date of
<br />tarring bears to the fair market value of the Propem immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Bort-tserrr.
<br />If the Property is abaniktned by Bnrrnwer, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award nr settle a claim for damages, Barrrnver fails to respond to Lender within 30 days after the date such notice is
<br />tootled, Leader is authorized to collect and apply the proceeds, at Lender's opticsn, either to restoration or repair of the
<br />Property ar to the sums secured hp this Mortgage.
<br />Unless Leredet and Borrower atherwice agree in writing, any such application of protteds to principal shall not extend
<br />nr postpone she due data of the rnonthip instaNmcnts referred to in paragraphs t and 2 hereof or change the amount of
<br />such instalimeata.
<br />rb. Itsrroxas•'itm Rdeaaea. Extension of the time for payment or madificatiaa of amortization of the sums secured
<br />by stirs Martgagr grsatrd by Lender to am' successor to interest of Borrower shall oat operate to release. in any manrx:.
<br />the liability at thr original Borrn+vrr and $orrower's successors to interest. Lender shall oat be required to comttxnce
<br />proceettings against such successor <?r refusr to extend timr for payment or othenvicu modify amortization of the sums
<br />secured Iry this Mi+rtgagr hY reason of any demand madr by the origins{ Borrower and Borrower's succesu?n in interest.
<br />ll. Rm6esrare by t,eeaer !VM a ~tttver. Aay fnrhearance by Lender in czercisinst any right nr remedy hereunder, or
<br />nthetttrisr afforded by applicable taw. shalt tti?t he a waiver nt :+r preclttdt the exrrcise of any such right or remedy.
<br />'i7te procurement of instrrattcr or the payment of races or ;sthtr liens or charges by Lender chap oat he a waiver of i ender's
<br />rigiu to acceierair the malurity c?f thr mdrtstedtsess seittrcd by this Mnrtgagr.
<br />tZ RtasedfetCfestdadrrr. Ati rcmrdies prostded in this Mortgage are dixtinct and cumulative to uny other right nr
<br />remedy under this Mortgage or a$ortied by taw c,r rgwty.:+nd may be rcerc;scd conaerrcndy. independently or succesaivefy.
<br />1?. Ssersasars arsd Assign !Demo: )Diet sea Several I.iab@ih: t'aptiem. The ees•enants and agreements herein
<br />c•utttained shaA hind, and flit righb hereunder shalt ~nurc to, the respes:rve succeswrs and assigns of [.ender and Borrows,
<br />submit to the prrvisions ~sf paragraph ?? hereof A?i cnvrnants xn:i agrrrtnrnts of Borrower shall he joint and several.
<br />The captiom acrd 'Headings .rf ±he Iaragraphs of tats >}nn$agr are for resnvemence only and arc nut to be used to
<br />+nterprrt or define the provisions hereof.
<br />1~, 1Vorice. t?xerpi for any rtotur requtrrd atndrr app#ica6le law acs be Fivers i:t another manner, tot any native to
<br />(~-:r~: w;r prvvtdri I-;r ... attes u, rtga~ =ha;, a s;v~ t--- n:a.Eirtg ;ugh ~rti ~ tr: 'rYiP+€d mail addressed • . Harrower
<br />Elie Properly address nr at such other acklress as &xn+wrr rosy des+gnate by notice to Lender as provided herein, and
<br />fbt any rtoitcr to Lender shalt tit gtvrn hg +:rrsetted ma:i. rrturn rrcc+pt requested, to Lender's address stated herein nr to
<br />such other addt~ss as Lender may designaee b# na#ree t.: Borrz sec as prnviekti herein Any nnttie pn vided far in this
<br />Mcxigagr rtiait Itr dremed to have been gavrn act Borrower ..r t sn~r when gtven in the manner designated herein.
<br />lS. Utrrsrm t t".itysrsdeg IJ..; ±irveraWWg. Ih+, farm of mettgaer a,mbinrs emiform covenants for national
<br />;tae arxi txtn-uni#ixm a?vt;nants with limited sxriatinns hs fur+xi:.tsnn tit rnntiuute a uniform wecunty instrurttent covering
<br />rut property. ?hie Mortgage shall rte governed by the law ,~st thr turisdicteim in which the Property i. Eoeated. In the
<br />event that any provision cV clause of this Morlga~te Au thr '.4otc Gz?nhicts with app{icaltk ?aw. such confliU stsalt net affect
<br />other provisions c+f :his Mortgage c?r the Notc whtlh pan be ;seven ctTect wnttctc:t the conflicting prmision. and to this
<br />raid the provisions of the Mortgage and the 'V~ve are lee#arrd to he severable.
<br />IS. !:<atrsrs~r'a ~$r• Botrower alto!! rte turnrshrd: cants~rmed espy of the Naar xnd t+f ihts Mortgage a! the titrx
<br />of c?tectRiwt or slier recnrdaegtrt hereof.
<br />!T. 7'nusrsr ut tea lropasly; if al! ar any part of thr Property or an inttrest therein is sold or tramferred
<br />isy B„rxst~.ixr witiimst I.radrr's prior written cartsznt. ezc3odiag rat thr creaeion of a lien er rncumbrattce subgrdinaer to
<br />tail Rortgage, tb} tits; crcatiittt of a purchase triuittp secusity ;merest far Irousthold appliarrers, fcl a teansfet by drvist,
<br />dasextif or by operation of law upon tht Scath of a :slot truant or fdi rhr grant of any ieaxbotd intertxt of three years nr less
<br />not corusining an option to purzhaae, Lrt~er may, at t.ender`s apiton, declare all the sums secured by this Mortgage to tit
<br />iraateskateiy dis and payable, t ruder sha33 hoer waived such opttcm to accckrate if, prior to the salt or trana[er, Lender
<br />and ilk persari to wbom the Property is to br sold car trans#erred rcxh agrretrten[ to writing that the credit of alien person
<br />is satisfactory to Lettd~ and that the iatetest payable nn the sums secured asp this Mortgage shall rte at such rate as Leader
<br />sltsir raixsft. If Leader h~ waiyoti tltr apt~n to accelerate provided in this paragraph 17, and if Borrower 9 successor in
<br />itstetlat has etuxtual a written ,•~stmption agreempst accepted =.n +sriring by Linder, [.coder shai3 release Borrower from ail
<br />oldigatiaaa under this Mortgage sad the Nitre,
<br />Tf Leader easrcises such option to acceieratc, Lender snail ueatl Borrower notice of acceleration in accordance with
<br />paragtaplt L4 ttet~eof. Such rivulet shall provide a period of not less than ap days front the date the notict is mailed within
<br />.vhirdt 8orntwsz may pay the seams dociarrd due. If Borrower fads ra pay such sums prior to the expiration o~ such pcritsd,
<br />Leasrts tttttq, without inrther txstice or drsnattd ran Borrawer.:nvoke any retrtedies prrmdted try paragraph I9 herseof.
<br />Lott-lttrt!>~at Co>fatsatrrs. Borrower attd tender furthsr asvrnant and ague as follows:
<br />2!. altesgatta~etst Reaeiiss. Pam es prvrided ks prarsgrrP4 t T Irerae(, apoa llmtrosres~s bteeeb or ~fy ewmeet a
<br />t~tarat oi` liesrewer it tee ~ ice! the cesetsests to pay svitre ass asy sa®a secured by tla4 Mar4grtgc,
<br />s~eHas aapahaas soda et~dt- ti9i9t . rs rt~ ~t [m~~t~Ne ~ the a~ to
<br />M# etei~t eaten l>s~ee wtaa9 lea eta ~ ta} Bmt fosse u stirs sncla brrmeb ~ ~ ®alarx the ~ tit the r»dce
<br />totraY rtear0l lA ataxktat~t ~ Hsa asatae aecwed el• ~ Ma~ap, rer+rri.t~e ~ Fsi9rLr w«~•s ttrd sale et tee Ptepafy.
<br />31Mr taatisr sltaN tssNtar leraatat #!errsseer et tlta rfgltt sa tebaataae t ~ sea etaf rigftt sa tasaat ht the rareelaaste
<br />>MaaaaN~ Ae ~e sr a ardtrie er ray +~tar a,atwae of derro.uu !a ~ sea fneeeioaats.. Ii tea bsesrb
<br />b ass son! sw as radttes ~ dada t ht tfee tse~e. (srr>ar r [.esdav's eptipe mq darlm,e rtN'd flea eatgta aeeatstd M
<br />flla M hs Itatstadlai~ Ikte sold lpcysMe wi~tat tasfleer aet..ed a.a ~ rra-•-last bs Iot~eirl veocaaiilr. LsNer
<br />ariwrl Ms aMrllar fs rnMirR# ra save peaw4NtH ell n>Resaas of torerlearra, bat eel l6mttaa as rttr>Ptt of dorsraeMSry
<br />rem aflafaaaatf era tills
<br />ti, itttrrtrfsaa'a ~ tat talttauty. NotwkhatarsQttg 1_cadea's as><e#eratxsn r+f the auras smurttd by this Misrt;;agr,
<br />#attswrtr atlas rues ibis r~ri air !rave say prstcaadiHgs ~ be Lrmyn to etifsxcr thrx Msutgagt diuonsinued at any tone
<br />
|