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Farm 8£38 3 ~ ~'~' () li ~ "~ r~ ~t
<br />Leader`s writtrn agreement or applicable Ilaw. Hornwer shall pay the amount of ail mortgage insurance premiums in the
<br />meaner proeided under paragraph 2 herecpf.
<br />Arty atttoums dislxtrsed by Lender pursuant to this paragraph 7. with interest thereon. shad become addiGortat
<br />ist[kbtedtsess of Borrower secured by this Mortgage. Ur}ess Harrower and tender agree to other terms of paymtrtt, such
<br />amounts shag tee payable upon rtmisr from t_rnder to Borrower requesting pavmrnt thereof. and shall bear interest-from-the
<br />date of disburwemrnt ai the raft payable from time ro time ore outstanding principal tender the Note unless pttymmt of
<br />interest at such rate watld bt contrary to applicable z~•. in which event such amounts shall liar interest at the highest rate
<br />pmniasible under applicable law. Nothing contained in this paragraph 7 shaft require i.ender to incur any expense or take
<br />any action hereunder.
<br />8. Lender may make or cause to hr made reasenahie entries upon and inspections of the Preptrty, provided
<br />that Lender shat) give Harrower notice prior to any such inspection specifying rrasanable cause therefor related to [,rnder's
<br />interest in the Property.
<br />4. Coedeentspien. 71te proceeds of any award or claim far damattts, direct or cansequrntial, in connection with any
<br />condemnation nr other taking of thz Property. nr part thereof. ar for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to [xnder.
<br />In rhr event of a fatal taking of the Property. the proceeds shall he applied to the toms secured by this Mortgage,
<br />with the excess, if any. paid to Horrnwrr. in the event of a partial taking of the Property, anlecs Borrower and Lender
<br />otherwise agree in writing, there shall he appheci to the ;umr Secured by this ~•tartgage such pmpattion of the proceeds
<br />as is egrra} to that proportion which the amount of the come secured by this Mortgage immediateh prior to the date of
<br />taking tears to the fair market valoc of the Pmprm' immediately pour to the date of takinkt, with the balance of the proceeds
<br />paid to Borrower.
<br />tf the Property is ahandaaed by Bcsrrnwer, or if. after notice by Lender ht Aom,wer that the condemnor offers to make
<br />an award or settle a claim far dama¢es. Barrnwrr Fails to rrcpratd to Lander within ?0 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the pracerds. at i endr~ s option. either to restoration or repair of the
<br />Prapertp• or to the sums scaued h_r this Sloneage
<br />Unlus l,emkr and Aarrnwrr uihrnyase agree m •ariting. any +uch application of proceeds to principal shall oat estrnd
<br />or postpone the due date of the manthh instalimrnts referred to in paragraphs i and 2 hereof nr change the amount of
<br />such inztallments.
<br />18. ^rzrroarer Nat Rritased. }ytrnsu» ni the nme for payment or modificanon of antortiratian of the sums secured
<br />by this Mortgage granted t,y Lender m am successor m intrrr+t ,*f Anrrawer chill not operate to rrtcaxe, in any manner,
<br />the liability of rhr original Harrower and 8armwer'4 snC'ressnr5 n interest. I.rnder .hall oat he required to commence
<br />gtoceedings against such successor or reftise•to extend trmc for payment or uther+Fise modify amartiration of the sums
<br />rrcured ity this Mortgage by reason c+f an)° tkmand made [at the vi_inal Bonuwar and Borrower's successors in interest.
<br />I1. Forbenraare try t.tader sot a Warner, Am' for}+ear once hs t ender in exercising any right or remedy hereunder, or
<br />otherwise atfardexl hy' applicable taw. .haU not h+r e wtriver of nr preclude the rxrrcise of ant' wch right or remedy.
<br />7•hr pea-.+rrmrm ref insurarn:c ru the pavn±rtet r:f talcs .:r "fleet liens .*r charges by i.endcr clsal! not he a ++aiver of [.emier's
<br />right to accelerate the maturit}' of the ~n;}chtedne„ ~ea,rrd h;~ aha= \tt,rtga?:r.
<br />t2. RemerYes Cr>®a~ftt. .~i! remedies prn+,ded ~•r ~ht~ \!,+rteaFe arc distinct and +emulative to soy other right nr
<br />rtmetly under thts Mortgage ur afforded by tau :,r equal :~- and nta+ arc rserciscd ~.unc urr,~nda. indtpendrndv or +racce~sivrly
<br />13. 9rteceasora atM .~saittm 8oamf: Iourt and tirsrral l~ahpit): Captions. the :uycnants .end agrgrenrnts herein
<br />contuirnKt shall hind, and the rights hereunder shalt .note ta. the ae~pecuyc .arcce+.ars and assigns of Lender and Aom~wrr.
<br />subject to the provistans :+f paragraph !? hrreur \II ~c+vcnunte and .agrrcmrnn.:+t Borrower shall hr tom.! and several.
<br />71te captn~ns and heading of" rte paragrsphs of this Mr'ngagr err f.+r ,onven,rncr .,ol+ .eml an oat to F,e used to
<br />interpret or detlnc the pravasisxts hrrrref,
<br />14. NMiee. Except far airy noucr rryutred ~mder s;epii~.rhtr Fe++ ;,, hr ;;rvrn ,n ansuhrr manner, hU .uq' noltcr M
<br />Burrlwer pravrded (or nt this Martguxr .hall t>r gasrn he ntealrnk •u.h =,oucr by vrrttfted marl .tddtrued ire 8ernrwer at
<br />the Property .Address os' at +rreh rdhrr adurr<, as fF,rr:•wcr r„a+ ~.fr,:gnnte M: notic:r rn 1 ender as provider herein. and
<br />fhl any notice to (sndtr' +hail 4+e avrn i,•. ,rrtrtier nr,t!t. rst, :a+ ,ckcint ;cyuesetr, tc+ f rndcr', addrrts stutrd htrrin ur to
<br />such other addrc!u as Lcmiet nt:r) aruknate h) re+=u~r t,• tkzn„wrr ,,+ pr.,,rded irrrren- An)~ n.ai<e prov,deJ t.,r let this
<br />biongagc shalt ter dtented to hate heert K+yrn to Erorn+wrr :+r t ~ndrr ,+hrn .~+en in tier manotr dreignntecf herein.
<br />13. 6'aiftuvn'.NortRagr; Cioverrr~g I.aa: tie*erabpht. fl r, r..r,r t•t ?nt,ttttaj;c .,.+tntirtes tutafornt covenant, flu national
<br />.. n
<br />use and tton-unifatm c+,verants wit:: iimit..i +araatacn= ^ -.:.,.,.,.. , ,: -, ...::€,raaar a ~, ,form stcrtraty in>€€trtttent : c+vtr:nri
<br />-- •~-xtr..:re;,~r :n w#ti.:h ttte Prrz -rev ~. I.>strd. In the
<br />trot p€apr€ty. Chic Morrgagr +tatl text =+.errter t.s .tt, -:.~ .. .!;a ... gz .
<br />event that any provuaon ctr ciau>E ut this Mr~'~t><agr :, `+.'?c ,+,tultac ,> uh applicshtr law. ateFt +cxtfNct ~-h ti4 n_s+t :+tir~t
<br />aE.~r r:sov~xt; of tier; Mtrrta a ,.. ,~ 4, ;: `w t,..t. . - .-, ,.,. ,-,f~.~ ,-r. hcs.;t she ~EsrN~--Fns rxsy:,t:xrt, a.xi t.s r!:i
<br />end the provisions .af rhr Morrgagr erar the '+:.,tc .ere .;~-.;.tr.d t~. !u .r+rrahlr.
<br />f6. 1llbr;v9wtPS [:spy. Bor'tuwcr :i;atf t~ .ur u..Far;i ., _,-nirvtrtrr .,.py ,~f the Vritc sort .+F this 3lattgagr .d the i~rttr
<br />ut rarrrut}on ar after recr,rdation herruf.
<br />19. Trwrter of !Ye Property; .'~sauay,tioa. It a0 .•t an+ pall trf rhr Property or utt mtcrcct thrrern is sold ur transfrrrrd
<br />bg Borrower without Lender's prior written coastal. e+.iudhag ~.u rhr .rcauon of a lren ur encurnhrance cutx~rranatr u.
<br />this MortgugC. tt) the crratwn of a put.hax nnrrte} .c+<uttts !:tlrtrst fur hrxtsrhoir appliances. act a tran,Ser by drviad.
<br />descdni ar by operation of tau upon the Death :,i a .+,nt tenant r r t,t`. rfre grant r+f any irasdhokl intcrrrt of thrrr year. cr is ss
<br />rntt containing an option to purchase, Lrrtdrr nta)..,t t r+arra~, „peon. rc+.larc all she tout x.urcr by ahts \h,rtgai;r h. br
<br />immrdiattlV dud and payabiC. 1 rndcr .hall ha+r w,u+cd ..a.r; ;,puun t.~ accci.rete ,L prior to rhr ,a14 .+r Itattsfrr, t e%irr
<br />and rhr pdrsau to whs~n ttu Property is r.. h.: ,old ut trsuacrrc.i reach ,+gracmetu ~u >rriting that rhr +rrrtt r+f ,uch ~rsou
<br />ra satisfaetary let t.rnrkr and this thv irurn°.t ;~atablr ,aa rhr .ant. ,reureVi by chic Manguge ,hall hr ut such rate .++ i rndcr
<br />sf-ali rrqursi. if Lender has uaivrd ahe .,pi~.,at ;, ..~.ricratr pam,.ied ,rt thtro paragraph t'r. and it }torr.+w.r'..ui~..~ssur in
<br />interest hers executed a wnttrn assumpuan agreentrnt asceptrr in .+nung by I rndcr, 1 ruder ,hall acirax• Annuwrr from all
<br />u6ligatiruts under this Morrgagr and rhr :Vote.
<br />ff Lrrtdtt tzttcisda such uguuu to a~.eldtatc. I c~a,ier -hail mail Born+ucr nuu.r of a.,<rlcaauon +.t a.c.+rdattcr urlh
<br />l~ragragh l4 herea~f. StKh nutter .hail prorrde ., t+cne*d .,f r,:r its than t€3 .lay, irrnt the ttatr the nVUCC ,+ Mailed wrthtn
<br />which 8orrpwer may fury tfw toms Je. tardr cur Ii Ar•rr+ruer loafs ao Itay cu~h v+mx prior r.e rhr +-rpirataon .~( ,u:.h pet nr+t.
<br />Lender nary, uuhctut further auucr .tr .ircuarrd ++n ttc=rn,.+rr. ~n+okr ..a+ rcnudirs pea mutr.l h) ;+aragrapkt l i itrcrof.
<br />f+[rMti•1JHtrWtM C.'irv8~+:s as. Burtuuer am 1 en.ler furthra +.'<<nant and .a4rea ,n follows
<br />18, Acrelaratiart; Rrttstrditte. >Nacrpr acs prurtded in paragraph l7 herruf, upon Iltarruwer`s brradh u[ and .avraant or
<br />tlttoelrteat of Mrsrawer Ir iNe Norlgrtge, iwclad~ the rosrnantr to pay wbra doe ins rurtta srdrrrrd ht thin !{~t~r,
<br />1.erdar 1 to acr:eiarytfaa slap map satire to Berrrwwer as prusidrd in partgirapb i3 herruf aprcifyityi: 1 f1 the 6tradh;
<br />(3},tYt actiaa rerpt~ t+a clue ~h breach; fJl a r)pe. mzt lees that 1Q days ftum rhr date the notice it nsailrrl lu Norrawer.
<br />Mp' te_11ic# yPch rwkeack «ttacu be cared; and Wt that ftriiwe to tart awh breach en ar Arefurr the date aprrihed in the nntias
<br />rrt~t Ire rrtrlrtstiu® of for sagas arcurrrt ba tblr ~lurtgaRt, farrclasusr by jndaiai prexrrdiag and salt of the Ptrpttret.
<br />Tate tlrytlipd tlbMip f1MtMer iafurtrt 6rrrruwer ut the rigdi lu reiar:tatr aflrr accairrriiun and rhr riyhl Ne a+rrrt in rhr furea•Ir»urc
<br />ptersetf~eB, eYr uu+t•exlaNrar 4t a defaai/ ur say Mhrr rtefeerar of fiarrrtwer to accrlrratiun sad tarrrirrautr. If rhr trerrb
<br />lit qW rgsvd rm ur irefpre the dpi sprciAed is rhr rrutirr, Ixrtder at 1-rrrdrr's opliuu mss declarr alt s,f rhr soots .ecurrd b~
<br />Skis ~ to be ItnsuediWefs due sad pala6le without fartbrr draraad and nw? ttrrrc[uae M jtrdiriai pruceedit~. trader
<br />v be etaerd W rt~est ire sadA prwrediag ap raprrrter ref forrckrrurr, iacladlaq, Met nut limited tu, cr>rtr of dwuottntar>
<br />as~rrare: altN[a[ta and lhlu reports,
<br />ls; ~ IEig~tt t$ Qrlarrlars. \•=tuttitst,:+dn,g t r:r:sL=r s : -a r:r-:... .•t ahc - ~ .+s ._ .,..; t*y tlu+ 1! ,tg..gc_.
<br />Bar€CtwCr th,tili hays the ri;tt rr h„+r an, pe+>ticedtu~~, fn'$erra by F ender nt,n+c af;r vt,+t- rgc~~ttsonpatt;~ i .:r any rune
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