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Forth 8Q8 B
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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />ttaanner provided tender paragraph 2 hereof.
<br />Airy amounts disburtted by Leader pursuant to this paragraph 7, with interest thereon, shelf become additional
<br />indebttxlatess o€ Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts she[[ be payebk upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />due of diaburaetrtenf at the Bate payable f.am time to time on outstanding principal under the Note tmiess paytttaft of
<br />irrttt~rt at such rate woald be contrary to applicable law, in which event such amount she![ bear interest at the highest rate
<br />paamissibk under applicable taw. Nothing wntait>~ in this paragraph 7 she[[ require Lender to incur any expense or take
<br />any action hereunder.
<br />& Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lander shall give Borrower notice prior to any catch inspection specifying rcasotsabte cattle therefor related to Lender's
<br />interest in the Property.
<br />4. .The proceeds of any award or claim for damages, direct ar cartsegtsential, in connection with any
<br />condemnation ar ether taking of the Property, or part thereof. or For conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Len~r.
<br />[n the event of a total taking of the Property, the proceeds shall be applied to the gums secured by this Mortgage.
<br />with the excess, if any, paid to Harrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shat[ be applied to the sums uatrtd try this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mangagt immediately prior to the date of
<br />t. _.ag bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />[f the Property is abandoned by Borrower, or if. after notice by Lender to Bormwer that the condemnor ofders to make
<br />an award or settle a claim far damages. Borrower faits to respond to Lender within 30 days after the date such notice is
<br />matted, Lender is authorized to mHect 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 pnncipa! shall not extend
<br />or postpone the date date of the momhly installments referred to in paragraphs 1 and Z hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or madfficadon of amortization of the sums secured
<br />ley this Mortgage granted by Lender to any successor in interest of Harrower shall not operate to release. in any manner.
<br />the liability of the anginal Borrower nerd Bormwer's successors in interest. [.ender shall not tx required [o commence
<br />proceedings against such st4=color or refus^, to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage try reason of any demand made by the arigmal $ormwer and Borrower's successors in interest.
<br />tl. Forbearasee 6y Letder Not a Waiver. .Any forbearance by t.,ender in exercising any right or remedy hereunder, or
<br />otherwise afforded Fty applicable taw. shall not Fm_ a waiver of or preclude the exercise of env such ugh[ or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges i,y Lender shat] not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness .crated by this Mottgage.
<br />12. Rertetlib CowulNive. AB remedies provided in this 'vtorigage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently. independently or successively.
<br />13. S~~ora and Arait[es IBoard; Joiai and $everd LiabiBty: L'aptions. "[he revenants and agreements herein
<br />wnisined shalt bind, and the rights hereunder shaft inure ta, the respective successors and assigns of Lender and Borrower.
<br />subject to rite provisions of paragraph 1? hereof. All covenants and agreements of Borrower shat( bt joint and several.
<br />Tfte captions nerd headings of the paragraphs of this ?vtortgage are for convenience only :end are not to be used to
<br />interpret ar defiee the provisions hereof.
<br />14. Notke. Except for any notice required under applicable law to be given in another manner. ta) any notice to
<br />lorrower provided for in this Mortgage shat! ice gwen by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />{b) any notitx to Lender shah he given by certified marl, return rece+pt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate 6}' notice ro Sorrewcr as provided herein. Any notice provided for in this
<br />Mortgage shalt be deemed to have-been given to Borrower or l_cnder when given in the manner designated herein.
<br />15. LttaYtum'l'lerf~c; Govertaiais Law: Sevenldlity, T7tis form of mortgage comblrtes uniform covenants for national
<br />use and non-uniform covenants with limited variations by iurisdiction to constitute a uniform security instrument covering
<br />teat propertc. This Mortgage shat[ be governed by the !aw or the jurisdiction in which the Property is Ixated. in the
<br />even[ that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the N err which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mar[gage arts( the Note are declared to he severable.
<br />1& liorrotver's Copy. Borrower shaft he fivnished a contonned copy of the Note and of this Mortgage at [he time
<br />of execution or after recordation hereof.
<br />17. Z`rarftr of tke Property; pscarnp;-.tr,, Tt al! ur anp part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior wriuen amsent, excluding tat the creation of a lien or encumbrance subordinate to
<br />this Mortgage, {b) rite creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of taw upon the death of a iotnt tenant er tdl the grant of nay leasehold interest of three years or less
<br />toot comaining an option to purchase, Lender may, at Lenders option, declare all the sums secured by this Mortgage to be
<br />immniiattly due and payatrk. Lender shat! have watved such option to accelerate if, poor ra the sale or transfer. Lender
<br />and ttie person to whom [[te Property is to he sold cr transferred reach agreement in writing that the credit of such person
<br />is wtisfaceory to Lent~r and that the interest payable on the sums secured by this Mortgage sha}I be at such rate as Lender
<br />shall troques[. if t.etder has waived the option to accelerate provided ;n this paragraph t?, and if Borrower's successor in
<br />inttresi has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrow ~.r from a[I
<br />obligations under this Mortgage and [lee Note.
<br />I€ Lender exercises such option to accelerate, Lender shall mail '3orrower notice of acceleration 'n aceorQance with
<br />paragraph ti hereof. Such notice shat[ provid.~ a nod of not less than 3t) days from the date the notice is mailed within
<br />which Borrower may pay tbe soma declared due. If Borrower fails io pay such sums prior to the expiration of such period,
<br />Lender may, without further nattce or demand on Borrower. invoke any remedies permitted by paragraph I R hereof.
<br />Nov-1)N3RORM Ceven,vnrs. Borrower atad Lander further covenant and agree as toflows:
<br />li. e}~gat•iOr; Rease~ae, RuiCept as provided in peragrspk !t henot, upon Borrorrec's breach of soy coveoaet w
<br />+ttZntnaest ltd Haara~wrx i, tldc Mterttt>ae, iactodiaR eke coreaasis to ~y when doe any sums secured by this MorfEa(te,
<br />Carlin Pliw to accNeratita sYeq tram twtke us Borrower ac prtvided in parattrap6 14 hereai speelfyia~: tl) eke braack;
<br />t31 tbta astlar r to cart stta:k lrsrevk; 13) a date, not lac that 3o tlayc [roe eke date the wottce is mailed to Harrower,
<br />b! ttriials swtk br~cA teeter 4a rareda sod f4) tisrW ttilore to cure weh bresmk oa or before tka due specified la tke etofiee
<br />try rtwfq fr ascduotioa of rite setts sartaad df Mil iloruaQc. (orsclosare by jndteiaf praceedfeR and sak of the Property.
<br />7T.s ~ daciCei i~tsar Harrower of tkc tsRlte io ttr;ttutate affsr aceckratwe led fke right to arseri is flse•foredoswc
<br />pttertarYatt tlra atra~igeace u a detidt ~ nay otksr tlefeose n# Borrower to acceieratiaa rend loreelasare. fl eke kreaek
<br />Yc tttt7t erred o0 or bafott tka dale B ie tfre native, t.erder w t,eader's option teat' decl~e ,~ of eke swap serwsttt by
<br />ikift ; M frs ietardy doe soli payable .ritktt trNker detaawd and tenet' forevMse by jndichl pyocaed~q, [..cadet
<br />sirtR he 1a tnRect to seek praetedkrft-all ea[taeses of ferccftMarc, iacfad{ar, bat tent i16rLed to coots of dceumtotary
<br />arriistretr ttiurfcfe sad ttNe nrptrls.
<br />i5R Rsrtvutires's Rfi)litt !m Raiaotaia, Natwn?tstandtnt{ Lctstier`s :x.ccferatutn r,f the arms screwed by this Mortgage,
<br />Borttnerer film[[ bloc the right us have arty pr.nceedings hegtut by i.ender ;o enforce rltts Mattgage dircominued at any ttme
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