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81- UU2801
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender ago to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest a[ the highest rate
<br />permissible under applicable Saw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemr..aion or other taking of the Property, or part thereof, or fnr conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lcndcr.
<br />In [he event of a total taking of [he Property, the proceeds shall he applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a partial utking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal [o that proportion which the amount of the sums secured by this Mortgage immediately. prior to the daPe of
<br />taking bears to the fair market value of the Property immediately prior u, [he date n( taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim (or damages, Borrower (ails to respond to Lenoer within 30 days after the date such notice 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 Dlort Ga ge.
<br />Unlest Lender and Borrower ethenvise agree in writing. any such application of pmcceds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to ir, paragraphs i and '_ hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or mndificstion of amortization of the sums secured
<br />by this Mortgage Granted hY Lender to env successor in inures[ of Bnrro:r•er shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not 6e required to commence
<br />proceedings against such successor or refuse to extend time for payment nr otherw'ise modify amortization of the sums
<br />secured by thix Mortgage by reason of am' demand made by the original Borrower and Borrnw•er's successors in interest.
<br />11, Forbearance by Tender Not a Waiver. Any forbearance by S Winder in cvcrcisinG arrg• right or remedy hereunder, er
<br />.rtherwixe afforded by applicable law, .hall nM be a waiver of er preclude the exercise of any such right or remedy.
<br />The procurement of insurance nr the payment of texes cr ether liens or charges by Lender shall not be a waiver oC Lender's
<br />right to accelerate the mantrity of the mdebtednecs <GCnrcd by thin Mortgage.
<br />12. Remedies Cumulative. All remedies provided ir. this Mortgage are distinct and cumulative to any other right or
<br />remedy under thts Mortgage nr atTorded by !a:+~ rr ryuin'..+nd may' be exercised concurrently. independently nr successively.
<br />13. Successors and Assigns Bound; taint and Several T.iabilih': Captimrs. The covenants and agreements herein
<br />contained shall bind. and the rights hereunder shat? inure to, the respective succc„ors and assigns of Lender :+nd Borrower,
<br />subject to the provisions of paragraph !'. hereoF. All covenants ant agreements ni Borrower shall be joint and several.
<br />The captions and hcadinss of the paragraphs of this Mortgage arc fnr _onvenience only :rod are not to he rased t0
<br />interpret nr define the prortvons hereof.
<br />14. Notier. F.,xcept for env' noNcr reyuircd under applicablr law t-= he given in another manner. (ai any notice to
<br />Borrower prmtdrd for :n this nlnrtg:rgc ,itaii he gtvcn by maiiin_• ~.tr.h naiCC t+y c.rtihrci mail addressed M Borrower a•
<br />the Property .\ddress or :u -rh :.ahcr .:detre,t .+ Bonnwcr may designate by +nrice to Lcndcr as provided herein, and
<br />(b) any notice to Linder shalt ; e g:,en by certified mail. return receipt reyuested, to Lender's address stated herein nr [o
<br />such other address as Lender snag dcrenatc , nnttce tc Born,wer a< provided. ht7n:i}~. ~1nv nodee provided for in this
<br />Sttartgage shah hoc deemed tx+ ha..- hcx,n gtvcn to }lorrv'.ver nr i ender when g!v~etiU:lb4ttia#tn6~l'~i4S}j[Cd-ijerein.
<br />1S. uniform 19odxa);e: Governinx Law; Severabilih. Lhts form of mortgage cottrbinel 4tpjfQelrTcfovena?nls for national
<br />use and non-uniform covenant, wuh linutr,i s:;rrations hy' ~ur+.dtuior. h+ constitute a,trnifor~tsuturNysittstwment covering
<br />real property. This ;`tortgagc >hai? ix: c.+verncd '.•v the tau ,•f the }uri+dicunn in which the Property is located. In the
<br />event that env' provision ar c':a.r~ ,.f iht= Morteaer .-. the tio:c arcalict+ •..ith appGcahlt ?aw, such contTict shall not affect
<br />nthcr pmvtsions of this Mortga:;c .•r 'hc- tintr 'a tn.h ,..,n he ~n~cn ct}cct •.ritltout the conflicting provision, and to [his
<br />erd the prc,t~isioos .,f :he Mar,gace and the ti:,i,• ..:, : cclarca} rt he ceverabie.
<br />16. Borrower's Copy. Bert.~.rrr :h..?: re t.;: nnhr~i ;..+.ntcrmrd ropy of the \n:c and of thu Adorigage at the time
<br />of execution or aftrr n•.;ordanan he: e~:~f.
<br />17. Transfer of the Prapect}: Aswnrptian. ?: a4i x•r .+n_, part of the Pn•perty nr an mtere+t therein is sold or transferred
<br />be Bormwrr without Lender`, i - +.:, ,en ;xa:,r n:, cl,; is:d[tz<e !a'. the crr.,uan of a Tien ~~r enc;unhrance suhordtnate to
<br />this Mortgage, ehr !etc cre::unn ;,. ,. iarr, h~,: moac. ,~.x.: u'. .,; let e.t fnr i~~onsrhnld appliance,, lei a tran~fe; IrY devise.
<br />dewcnt or h)' "Pcration of 3,+~ up.~a t'tr dratlt .,.... tut r_n.xat x-~r -
<br />I en;Ser ma: _ ~st 1 rose: ~ -,pta•rt- dccLur all the ;urt+ xcured hp this \Qongagc to be
<br />tmmcdiatr}y due and payable ? iodic sn.,i! h;r.e .._ .~J •.~.?: r,.m :~• acrciera:e it. prior :o the :arc nr' transfer. Lender
<br />and the perscm, to whom the: Prx;pet t', i..o he a, ~ . ~ tr.utslr,: :i~rca..t? ,,4rrc:ncn; rn wrung that t'te credit of cu.:h person
<br />is satisfaeaory to Lrndtr and th:a the in[c-..t ptt; ar_. ie on the .,~, ~,. , ~r1 F.,. ehr, mortgage ,}:all he :rt such rate as Lender
<br />xhall reyurst. tf 1 ender has w;nvtd the opynn !o . .r,~rate I sx:dtd ;a !h., paragraph 17_ and if Borrower's ntctessur in
<br />interest has executed a written assuraptton area:ncrt: a«ciated tr: ~.+tH~ng e.. 1 rn.?cr. t ender shat! relt:ue Bono'.cer from all
<br />obligations undo: this Mortgage and the :tc?tr
<br />If Fender eser~isrs such .;pttnu to acccl~:ate, i c•n,icr ,b.. ; tn~it Bo: tnacr ounce :~~f a_, ~;a~ation rat a,.curdanee with
<br />paragraph i3 hereof. Such trance shat! pan:Jc ~ i~enxn? tit na• try than tt} days (n>m eke date the notice u mailed within
<br />which Borrower may pay [hr awns dtcla: ~~! due. !' Bormmc~ t, .~, .,+ (•.n ,u.}i [rota poor ;,, the expiration, of such period,
<br />tender may, without further notice er der„and +.•n I3an~~+s cr, •n::~kc any re:uedres printrued by paragraph tS hereof.
<br />Nob-t1NtFURSt COV6;~.+~~-rs Borrower.:ndt.rndcr ftuthe=nrsrnant end .,glee a, t,,{tows:
<br />I$. Accekratiou: Remedies. Except :rs pray}ded in paragraph 17 herraf. upon Burrowrr's breach of auv cavenaul or
<br />~reetneni of Burrower in this Murt};aQe, including ttse covrnants ht pas aheu due Soy seines secured by this 3lorgtage,
<br />I,.ender prior to ncceierafusn shalt mail notice to Borrower os provided in paragraph 14 hereof specifying: (I) the breach;
<br />t2) the action rtquirt.- :o cure such breach: 1 ~) a date, not Ies+ than 3U da}+ from the date the ^uticr is mailyd to Horrusrer.
<br />by which such breach must he cured; and (4) That [allure to curt such hrrach tin or before the date specified in the notice
<br />may rrsuh in acceleratfon of fire suns serurrd by this Mortgage, fareclosurc h} judicial prncreding and sate of ehr Properh.
<br />"Ihe notice shag Tarther inform Harrower of the rSttht la reinstate after acceleration and ehr right fo.:t. stet in Ehr fortciusnre
<br />pioeeeding the rwn-exisieorr ul a drfaull u:~ any otlrer drfcnsr of Harrower to acceleration and forcclasurr, 1f ehr breach
<br />Sa nut cured an ar before the deli spre$}ad in @ic notice, t.endrt at Lrndei s apteun n+ay declare aU of the sums secured 6y
<br />IhTs Mortgage to Ise Smnrediatrly due sad payable w~ithaut Furthrr demand and mat foreclu+r by~ judiriul proceeding. Lender
<br />xhall be rrtthled to collect in :uch pnx•red}n}; oil rx yr nsrs of forcc9osurr, in.ludint;. but not !tootled tn. costs wi drsrurncntary
<br />ec}denre. aMtracts and tdtle reports.
<br />S9. Bormwara Right to Reirsstatc. "datwtthstandutg irndcr'a _ ~tan<.r- ..! the: ~.. eed ,,, ,h„ 4~t r'~a~e
<br />ikt; rcrw=_t sh9t1 }tare the tight tx. hatir any {:rr,.eedit7g¢ .',r};e,, tw S cndu i.-- c•-..; rv_r Lt: 11:, ,, ~,!ta. -.nl _.. .:r :c^, r+nt
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