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<br />Fortn 808 B
<br />81-j~t~34~?~
<br />Landers written agrextmnt 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, shall become additional
<br />indebtedness of Horrowu secured by this Mortgage. Unless Borrower and Lrnder agree to other terms of payment, such
<br />amtwnta st~sli be payable upon notice from Ltnder to Rorrower requesting payment thereof, and shat! bearsnterest from the
<br />daft of disburse;rttettt at the rate payable frrnn time to time on outstanding principal under the Note unless paytttemt of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate:
<br />permitelble under applicable law. Nothing contained in this paragraph 7 shalt require Lenekr to inwr any expense or take
<br />any action hereunder.
<br />g. Lslect3era. Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat) give Borrowu notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coadeataatbe. The proceeds of any award or claim for damagat, direct or consequential, in bonttection with any
<br />condemnation or miner taking of the Property, or part thereof, or far conveyance in lieu of condemnation., are hereby assigned
<br />and shall be paid to Lender.
<br />In the evmt of a sotal taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />whir the excess, if any, paid to Bartower. In the event of a partial raking 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 egwl to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking 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 />If the Property is abandoned by Borrower, or if, after notice by tender to Borrower that the condemnor offers to make
<br />...r. , ..i-:... c,.. a....,e,.~. n».......e. C.,:te r„ .......t r.. i enrl~r wirhin in lava after the date such natlCR 1S
<br />mailed, Lenikr is authorized to collect and apply the proceeds, at tender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Ixnder and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof ar change the amount of
<br />such installments.
<br />li. Borrov-n N~ Released. Extension of the time for payment or 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 anginal Borrower and Borrower's successors in inrerest. Ltnder shall not be required to commence
<br />prtxcedmgs against such successor nr refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by mason of any demand made by the orieinal Rorrower and Borrower's successors in interest.
<br />11. Fosibetraaee try [.ender Not a %aiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law. shall not be a waiver of er preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the paymer~ of fazes or other liens ar charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Retatedies Ctmretldive. All rcmtdics provided m this Mortgage as aistinci and cumulative to any other right or
<br />remedy under this Mortgage or an'rrdcd by law ar tgwty. and may he ezeresed wncurrently, independrntly or successively.
<br />13. 5aeceasors sad Attrigna 6oaed: l~at sad Several LiabBity; CapBorrs. The covenants and agreemrnts heroin
<br />contained shall bind, and the rights hereunder shall imrre to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph I' hereof. Alt covenants and agreements of Borrower shall Ire joint and several.
<br />The captions attd headings of the paragraphs of this Mortgage are For convenience only and are no[ to ix used to
<br />interpret or define the provishrrrs hermf.
<br />Id. Natke. Except for any nonce required under applicable taw to be given in another manner, (a) any notice [o
<br />Borrower provided for in this MDngage shall he given by mailing such native by certified mail addressed to Borrower at
<br />the Property Address or at such other address as $ormwer may designate by notice to tender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mad, return receipt requested. to Lender's address stated herein or to
<br />such other address as tender may designate by notice to Sarruwer as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have bean given to B~o~r Lroswse..r or Lender when given in the manner designated herein.
<br />IS. Uadarst Mar~agei Gorerefeg f~wi Severalty. This form of tnattgage combines uni€orm cavenants for national
<br />use and non-uniform covenants with 1emited vanattons by turisdiction to constitute a uniform security instrurneM covering
<br />real property. This Mortgage shall be gavenred by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause at this Mortgage or the vale cattfiicts with appl'scabte taw, such conflict shall not affect
<br />other provisions of this Mortgage ar the Note which can be gtven effect without the conflicting provision, and to this
<br />end the }xovisions of the Mortgage and the '`late are declared to ht severable,
<br />16. Dorrowetr`a Copy. Borrower shall be furnished a canfonncd copy of the Note and of this Mortgage at the time
<br />of execution or after recordation barest.
<br />17. Trtrafer of tie Peapectyt Assit®ptiou. If a0 er any part of the Praputy or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written consent. excluding fa) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. (b) the creation of a putthase money security interest far household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a Icsint tenant or (dt the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mongagt to be
<br />immediately due and payable. Lender shall have waved arch option to aceekratc if, prior to the sale or tranafu, Lender
<br />anti the person to whom the Property is to be sold ar transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender sad that the interest payable on the sums secured by this Martgage shall be at such rate as Lender
<br />shad reytxst. If lender has waivr~ the aptian to accelera:e provided to this paragraph f7, and if Borrowers successor in
<br />ioterat has executed a written assumption agrex:ercr.t accepted in writing by Lender, Lender sha8 release Rorrower from alt
<br />obligations ttDder this Mortgage and the Note.
<br />if Lender exucixs such option to accelerate, Lender shall mail Borrower ^otirx of accetcration in accordance with
<br />paragraph 34 hereof. Such notice shall provide a period of rtat less than 30 days from the date the notice_is mailed within
<br />which Borrower may pay the sums declared dtie. if Borrower tails to pay such su: ~ prior to the expiration of such period,
<br />- Lender reay, without ftuther notice or demand on Borrower, invoke any remedies permitted by paragraph 13 hereof.
<br />Nox-LIttIFOtM CovEVtiaiS. Borrower and Ltnder further covenant and agree as follows:
<br />ls. Accdsathta; Remedies. Euept ac provided is paragraph 17 hereof, upow Borrower's breach o[ say roveaaet or
<br />agssw.aseat ~' lorrower is tlsk Mare, iecltrdiag tie coretwrtts to pay w6ea doe ear tyres secured by fhb Mortgage,
<br />l,anlar /six to acceMratiop sW! malt wake io Borrower as pravidcd in Paragraph 10 hereof spccifyiae: tl) the breach:
<br />(2) tie astiiatr rsgttped tq ctrce such breach: (J- a date, out leg than ~U days frost the daft the notice b nraikd to Beceower,
<br />~ rriiei agci ireaci aatatt be coxed; awl (d} tilt faliure to care snit breach oa x before vie duce spsci&ed io the irotice
<br />ttaatf rtanb hs meitxt of tiro sams secaret@ by !!~ Mortgage, foreclosure by JetdkW proeeedlag sad sak of the Property.
<br />T-e rrrotlce tikeY htrtlter it[ettm iarrtrsvcr of tie right to reiashfe afro acceleration sad tie right to 9~rt is the feeerbaare
<br />ptateadia` tie tans-ettNteact of n dafapk or aey alher defense of Borrower to accekratiou and fure+rlaeare. if tin Drtaci
<br />k eat eared oa or blare the date apeciiad fa the ootke, Leader at Leetier`s optim any declare all of tie sum secured by
<br />~bt ~ to 64,itely due and payable without farrier demand aed mar forcektsr by }edkhl pmceediag. LetrAu
<br />sill ba etaltilai ~ eV~rct lea saeh proeeedisg rl! expe~ ~ forecbsure, ietclrr~aR, bat tmt ibaited to, cotta of detcaeoenbrr.
<br />evitlmDa, +batrK4 •ed INIe reports.
<br />11R, lttttrrawer'i Risit m RdaRate. Natwithatanding L.ender's acceluuuan of the ;ums secured by this Mortgage,
<br />-Borrower shalt lsavt the right tD leave any prnrecdirrgs begun by L,rnder to rofartti this Mortgage discontinued at any timt
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