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<br />81--00192
<br />Lender s written agreement or applicable law. Borrower shall pay the amount of all mortgage ensurance premiums in the
<br />manner provided under paragraph 2 hmeof.
<br />Any atnoums dhbttrud by Lrnder pursuant to this paragraph 7, with interat thereon, shall become additional
<br />irtdebtedttes of Borrower soured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amannts shat! fie payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of sRs6uraetmt€tt at the rate paytbk from time to titree on outstanding principal under the Note unless payment of
<br />interest at such raft would be contrary to applicable law. in whieh event such amotms shall Istzr interet at tIK hlghtst rape
<br />pie uttdtr spolicabk law. Nothing contained in th'vs paragraph 7 shal9 require Lertder to incur any experoe or take
<br />attp aetibn ltereun8or.
<br />a. liftpetltea. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Ltttdtr shalt give Borrower notice prior to anp such inspection sp~ifying reasornble cause therefor related to Lender's
<br />inttrsst in ttx Property.
<br />9. CaainaaeAea. The proceeds of any award or claim for damages, dircet or consegttrntiat, in cbnnection with any
<br />condemnatitm or other taking of tht Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall lie paid to Lender.
<br />In the tvtxtt of a total caking of the Property, the proceed: shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Proptrry, unless Borrower and Lender
<br />otherwise agree in writing, there shalt be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to tfiat proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking 6eaia to lire fair market v-alut of the Property immediately prior to the date of taking, wish the balance of the proceeds
<br />paid to Borrowu.
<br />If the Property is abandoned by Borcower, or if. after notice by Lender to Borrower that the rnntkmnor oRera to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days aher Tire date such notice is
<br />mailed, Lertder is atahorized to collect and apply the proceeds, at Lender's option. either to restoration or repair of the
<br />Property or to fix sums secured by this Mortgage.
<br />Unless Len~r and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extrnd
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such inatatlmatb.
<br />1B. S«roatr N« Rsha«d: Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Ltnder to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower a~ Borrower's successors in interest. Lender shall not Fx required to commence
<br />proceedings against such suecessar or rcfttse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Sorrtwtr and Borcower's successors in interest.
<br />I1. FmrAtaraee iT Leaflet Not a YPai.et. Any forbearance by Lender in exercising any right or remedy hereunder, oe
<br />.~t•,~t.e~ie .~ ~~ !,,, ...r• t.v 1. •!;ali .. w .. ..~ , ..s ~, rr...;l..~- .ha ~ pf _ c~~rh rioht nr remedy.
<br />i 3we^t. a.. .. :. . ... _ a.e u ~n~~
<br />Stec protvrement of imurance or the payment of taxes or'rxher liens or charges by Lender shall not be a waiver of Lrnder's
<br />*+~ t tc ~!tr^~ t!~^•eatur'y .^•f t a :..^~'.~,Y.t''.,.n~s s«u-<d : y this ?.'.ongagt.
<br />12. RasaeeYes CaawM1 ~e. Alt remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or aRorded by law or equity. and may t+e exercised concurrentty. independently or successively.
<br />11. Sreeeeaeass sad Awigtts lloettd; laiot aa3 Seversd I3abBity; Captions. The covenants and agreements herein
<br />comained shill bind, and the rights hereunder shall inure to, the rtspte[ive successors and assigns of Ltnder and Borrower,
<br />subject to the pretvisioms of ruagraph !7 htrcof. .qll covenants and agreements of Borrower shall be joint and several.
<br />Tht cap6um and txadings of th:: paragraphs of [his Morgagt are for convrnience only and are not to he used to
<br />ittteeprct or deftnc the provisions hereof.
<br />11. Nofiee. P,xcepi for any twtice squired under applicable law to be given in another manner, (a) any notice to
<br />Boaower provi~d for in this Mortgage shall be given by malting such notice by eertifled mail addressed to Borrower at
<br />the Property Address or at such ether address as Borrower may designate by notice to Lender as provided herein, and
<br />au) ar~y rwatic'.t to Ler-.ter xh~t! ~ gicn by cenitied mail. r- ....__ ire rrgrated, to i,eneitr's addr~ slated 'nerein or to
<br />such other address as Ltnder may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deetrttd to haul been given to Borrower or Lender when given in the manner designated herein.
<br />IS. UaYorm Mage; Goverafeg Law; Sevenb~ty. This form of mortgage combine uniform covenants for national
<br />use and tson-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />rent propraty. This Mortgage shall fit governed by the law of the iurisdiciion in which the Property is IocaEed. In the
<br />tvtttt tl.ae a, .±vi;:~ nr flame of th_c Ipfortgage nr the ?ante cpnt]icte with apnltcabte law, such conflict shall not afteCt
<br />ether provisions of this Mortgage or the Note which can be given effect without the conftictimg provision, and to Ehi:
<br />ettd the provisions of rite Mortgage and the Note arc declared to be severable.
<br />Ili. lkorwme?s Cegy. Borrower shall be furnisimd a conformed copy of tht Note and of this Mortgage at the time
<br />of txacution or after rccoedation hereof.
<br />17. 'lkatattsc of tote Fropsiy; Aaamgtiee. If all or any part of the Propery or an intere~ therein is sold or transferred
<br />hY Borrower without Lender's prior written consent, exc)uding ta) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. (b) the creation of a purchase rttomey security interet for household appliances, (c) a transfer by devitt,
<br />deataatt or by operation of law upon the death of a joint tenant or fdt the grant of any leasehold interest of throe years or Mess
<br />rata eontaiaing an option to purchase, Leader may, at Lender's option, declare ail the stuns secured by this Mortgage to be
<br />itanaediatety due a~ payable. Letter shall have waived such option to accelerate if, prior to the sale of transfer. Leader
<br />attd t)~x pers~ to whom the Property is to fie sold or transferred reach agrtetrttnt in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate u Leader
<br />shall request. If Lentkr has waived the option to accelerate provided in this paragraph 17, and if Borrowers sttccassor in
<br />infarct has eaecatid a written aswmptiaa agttettxnt accepted to writing by lender. Leader shall rcka+e Borrower from all
<br />oiiligatiaos tender ilnis Mortgage sad the Note.
<br />1f Leader eaerci~ such option to ~cekratt, Leader shag mail Borrower notice of acceleration in accordance with
<br />paragtap6 14 hercaf. Such rwtisx shall provide a period of not less than 30 days from the date the notice is,myryed within
<br />whieh Botrowv may pay the sums dttclattd due. If Borower faits ro pay such sums prior to the expetatian of such period,
<br />Ixader tray, without further notice ar demand on Borrower, invoke any rrarttdlea pumi€ted by paragraph 18 hereof.
<br />Nox•UtftFaant CbvatreNta. Burrower and L.encler further covenant and ague as folbws:
<br />48. Acctiuatlgr Rtasdiaa. ffiucegt as praTider} t. parragrapls 17 lacer, ape {«rowee'a hepei M army eotnmmt «
<br />try of 1. ~ Adaetgap, g tin eavataats to py .siren doe ay sts:ma seemed ~ ails ib1t,
<br />Lander glMr N aeca~atlaa slat rani asttee h lloreower as Mrovidad is pentgrayi 1• 6ereal spcNyitrt: (I} flat t
<br />{~ cis at~att rstptisai M ~ anal 6ttrett& i3} a data. slat leas tfsaa 36 dqs frosa tie date fie stalks fi ata@ed w Bossasrer,
<br />~' sflitlf tatei it}aci asatf M casaek std t4) awl laiare w care seer tsreaci oa « befose tin elate >t w lie tsodre
<br />tirtg' satsM fir ai3esMst~a K ~s talcs tteaead ~ ills Msst~e, tarsctawre -y t~'~s sad sale ai tie ~la4'•
<br />'»lee+sBitta cis! ttatetfase 8dasaf Beasewca at tin rigw +a s~asgis acccferafisa aed tits ri~M to eseat w tin tosaritttme
<br />latl tint atw~a~ersea al • defwk ar nay epee detente M Barrows w s~ceMaatioa sad Eorecltaate. H tin iseach
<br />4 tnt str~d er « ialsea sit daa apctlad iw lire notice t.eotla at Leader's ogtiao easy ekchea ai' a! lie seas sceas+ed iy
<br />tltle>rla>>Q iittutdiSMl~ elms tad pyaiir +rldestR taller eteacad sad €eey t«tcltee -y ia~~ NSF I.~a
<br />a1}tllM #s w tstlxt w raat0a Pr.eeaMas a1F etyeasut at foredafRe, tacftadlf~g, teat ^a€ YtaMmi ~. rasa cd deeYmsatwry
<br />sta. tifk agtt #Mt
<br />`i ~ b.>~taetsts. Notwists~andittg Ltttdtr`s acttleratitm of the stems secured by this Mortgage.
<br />Agafotrtpr aim beam the rig>~ m have say protxat#sagtt ~n by Lander to enfa~st ;hu Mortgage daicoatinued at nay tiuae
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