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81- C)C)336~
<br />Lender's written agreement or applicable ]aw. Borrower shat! pay the amount of all mortgage insurance premiums in the
<br />manner provided under parag_h_plr 2 hereof.
<br />Any amounts disbursed by Gender pursuant to this paragreph 7, with interest thereon, sha-1 become additional
<br />indebted[teas of Borrower secured by this Mortgage. Unless Borrower and Lender agrtt to ethos terms of psytmM, such
<br />" tttnounts ahaH be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest feast the
<br />j date of disburxment at the rate payable from time to dme on outatanding principal under the Note unle~ payment of
<br />interest at such rate wtmld be contrary to applicable taw, in which event such amounts shag bear interest at the highest rate
<br />permiettdble tinder applicable law. Nothing contained in this paragraph ~ shafl require Lander to incur arty sxpatua aC tales
<br />arty action-hercnader,
<br />>R I~ecBoe. Lender may make or carrot to be made reasonable entries upon and insptxKians of the Property. provided
<br />that Lettdet' stroll give Borrower naive prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9, CasdemntAiao. The proceeds of any award or claim for damages, direct or rnasegttertt-al, in t~[tnecdatt with any
<br />cena.-^nnation or other taking of the Property, or part thereof, or far conveyance in lieu of condemnation, are hersby amlgttad
<br />' and shah be paid to Leruier.
<br />In the event of a total taking of the Property, the proceeds sha]! be applied to the sums secured bq this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower attd i.ender
<br />otherwise agree -n writing, there shall be applied to the sums secured by this Mortgage such proportion of the protxeds -
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage im.^.~.wrtatety prior to the daft of
<br />taking bears to the fair market vahee of the Property immediately prior m the date of taking,-with the balance of theproceeds
<br />' paid to Hosrower.
<br />" If the Property is abandoned by Harrower, or if. after notice by Lender to Borrower ghat the condemnor often to retake
<br />an award or settle a claim for damages. Borrower fails to respond m Leader within 30 days afrer the date such notix is
<br />.+..tted. under -s authorized to collect and apply the proceeds, at Lender's option, either to restodtiar or repair of the
<br />Property or to the sums soured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any Bach application of proceeds to principal shall not extend
<br />or postpone the due date of the ttmnthly i[tatallments referred to in paragraphs t and 2 hereof or change the amount of
<br />" such installments.
<br />Ill. Betrosrer Not Reteaed. Extension of the time for payment nr modification of amortization of the sums secured
<br />- by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liability of the original Borrower and Borrov:er`s successors in interest. Lender shall not be required to cottttnertce
<br />proceedings against Such successor or reface [a extend time for payment ar otherwise modify amortisation 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. Fabearaee by I,esder Not s Waiver. Any forbearance by i_ender in exercising any right or remedy hereunder, or -
<br />aherwese afforded by applicable law, shall not be a waiver of or precludt the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to aaeknte the maturity of the indebtedness secured by this Mortgage.
<br />12. Reaediea Cemsdtlve. Ali remedies provided in this Mongagc arc distinct sad cumulative to any other right or
<br />- remedy under this Mortgage or affordeu by law ar equity. and may be exerc+sed concurrcn[ly. independeraly nr successively.
<br />t3. 5acceasasa trod Asei;as Dosttd: Ioiet and Several f3a6iBlyt faptbas. ~'Ite covenants and agreements herein
<br />corasined shag bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of raragraph 17 hereof. All covenants and agrerrnents in Borrower shall be joint and several.
<br />- 71ce captions and headings of the paragraphs a[ this Mortgage arc far canvenienec only and are not to he used to
<br />interpret or define the provisions hereof.
<br />10. NoHee. Patcep! for any nosier required under applicable law to be given in another manner, {al any notice to
<br />Borrower provided for in tfiis Mortgage shalt be given by mailing such native by certified mail addressed to Borrower at
<br />the Property Address or at such aher address as Harrower may designate by notice to Lender as provided herein, and
<br />fb) any no[ia to Gander shall tx given by ttrtified mail, mum recr+pt requested. to Lender's address stated herein or to
<br />stectt other address as Lender may designate by notice to Harrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed [n have beta given to Harrower or fender when g+ven in the manner designated herein.
<br />lS. Utti[orm Mortgage; Gorettaiag Lssr; SeverabiTity. TT+s farm of mortgage combines uniform covenants for national
<br />ust and trorruriform covenants with limited wariatiims by junsd+ctian to constitute a uniform security instrurrtent covering
<br />teal property. This Mortgage shall be governed by the law n( the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this 41oRgagt o€ the '\otc ccxsfli=~ts with applicable law, such conflict shall not afieM
<br />- ahu provisions of this Mortgage ar the Note which can tx given rlfect without tree conflicting provision. and fo this
<br />end the provisions of the Mortgage and the 'yore arc declared to tx severable.
<br />tf. 'orwwer's Copy. Borrower shall br furn+shed a .antartned copy of the Note and of this Mortgage at the time
<br />of execution or after retardation hereof.
<br />1T. 7tiatrfer o[ the Ptroprly; Amwapiar<. tf sit or any part of the Property or an interest therein is sold or transferred
<br />` by Borrower without Leader's prior written comom. excluding ial the cteatatr of a lien or encumbnncc subordinate to
<br />this Mortgage, fb) the creation of a purchase money sceurity torrent far household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the .kath of s joint tenant ar idle the grant of any leasehold interest of three years or less
<br />trot containing an option to purchase, Lendu may, st lender's opttarr. declare all the sums secured by this Mortgage to be
<br />imtediately due and payable. Lcteder shall have warred stxh spoon [o acxc-erate i[, prior to the sale or transfer, Lsrtder
<br />and the person to whom the Property is to >x so-d or transferred reach agreement in writing that the credit of such person
<br />is satgfattary to Letzdea and that the interest payable cxa rho sums setwed t!y this Mortgage shalt be at such rate as Lender
<br />" shaII regwest. If Leader has waived tht option to accelerate provided in this paragraph t7, attd if $orrower's sttceesaor %n
<br />iplaaeat has executed a written aswmpuon agretxitent accepted in writing by Lender, i.ender shalt release Borrower from al!
<br />orations wider this Mortgage and the Note.
<br />If Lettdar exen:aes such option to a...eletate, l.mder (halt mail Harawer notice of acceleration in accordance with
<br />paragraph 14 hereof. Such rroiice sbaB provide a period of slot 1-ss than lU days from the date the notice a mailed within
<br />which Harrower may pay the sums deviated due. If Borrower fails to pay weft sutra prior to the expiration of such period,
<br />" Lender rosy, without further ttaire or demand an Harrower. +nvole any remedies permitted by paragraph t8 hereof.
<br />Nests-Urttratat C:oveds[+rs. Borrowu amt Lender further covenant a_nd ogres u follows:
<br />Ig. Aat+lpsiba/ Raot+eAMts. I'straep as pssssided h pantgra~ D7 hereof, aspen 6oreowePs bresc6 0[ soy corsvmot or
<br />agaa~ of sastostar 4 Btts lYlertgage. iacWittg the covewatps m ~> +rbea sloe say sums seemed by tits Mortgage,
<br />taadar prbr N shag ~ ss1.'ics to Batewet w presided ~ paragraph 14 haste/ specifying: f1I the bl'eaeb;
<br />t3? ties ac6s sayritai to setae tw+cY bsaatltt l3I a ttaro, sot lea rhos Ja days from the dais We noire b tntaSled to DorroR«.
<br />47 srpeet ael<hssaslt stt~ mi t°vel- aed (4) ~ ts8are to trot ass! 6reacA oa or bdttne tlse a'ak specl6ed le the notice
<br />etesp eesalt in ntxalanatlatr of fbs stems stcrual by Ufa 4fartg+tga. fareeiontse by joikid praceatMsH end sate of tits Prnpaty.
<br />1Cir~e teWlee tittii t+tl[utsr mststsaa laaot+w of Wr rlgbt eo retisWte alMr acrtMxatisa sad the tight to assert bs t-e foteclosnre
<br />ttje nnat~dslasae d . Aotrait ar ttyr ollta defiense of Rerco.es to scesissatisrr astd Gsrseiottme. U the bereaclt
<br />is na4 coast w or ba[ow rte dtttr s~ocMsd if the ootias, t.sseder w Lestkr`s optiw rosy dacltse a4 of tM wma sscttrad by
<br />t1Mia ~ is M ~ isle tteti payr4Fa wMion Ituibsr dtnnmtd sssd smy fercctose by jodietal !- Lender
<br />tigY i~a b csRrtl Gssrdt gaocafirtti ar ettpewm of taratloasrs, iscisibg, bah sot dsslted ~. cow ~ docnmenlssy
<br />a+fiattas, alakcr•cis lead Yde
<br />~~; ~ 11t~1t # IlallsttMe. Natwithattmding f.ottdor's actehn#itrtt at the sums tmturad by sha Mortgage,
<br />Bortass+u sbaU have the t~hs t,a Mve any ptatos begun by Le*>det to rafortc thin Mort;age discaotinued at :ray tirtx
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