|
C3i.-" tl~.!t~ii0C3
<br />Leader's written agratneat or applicable law. Borrower shad pay the amount of aB trtortgage imurantt premiums in the
<br />rrtmttrer ps'avidsd trader paragraph 2 hereof.
<br />Arty amwtnta d:sbrtrsed by Linder pursuant !o this paragaph 7. with interest thereon, shat! become additional
<br />indebtedness of torrower secured try this Mortgage. Unless Borrower and Leader agree to other terms of paynxnt, such
<br />amounts ~ tx ~ upon notice from Lender to Borrower requesting paymem thereof, and shall tzar interest from the
<br />date of ~t at the rate payable from time to time on outatanding principal under the Note unless payment of
<br />ia>trcst at such ram woatd be oantrary to applicable ]aw, in which event such arnounta shall bear interest at the highest rate
<br />permisalble wider applicable taw. Nothing contained in this paragraph 7 shat) require Lender to incur any expense or take
<br />any atxioa herettadrr.
<br />!!. iroptiAttn, fender may males or cause to be made rcasottable entries upon and inspections of the Property, provided
<br />that Lender shah give Borrosvcr noticee prior to arty such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. CesdnrraaHew. 'Che proceeds of am award or claim for damages, direct or consequential, in connection with any
<br />eondsrtttfatian or other taking of the Property, or part thereof, or for conveyance in lieu of rnndemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of s total taking of rite Property. the pence-ds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. in the event of a par•.ial taking 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 pracecds
<br />as is equal to !fiat proportion which the amount of the rums secured by this Mortgage immediately prior to the date of
<br />taking treats to the fair inserter value of the Property immediately prior to the date of tale"tog, with the balance of the proceeds
<br />paid to Horrosror.
<br />If dte Property is abandonod by Borrower, or if, after notice by Lender to Borrctwer that the condemnor affera to make
<br />an award or settle a claim fur damages, Borrower failx to respand to Lender within 30 days after the date such notice is
<br />tnaikd. Lender is autharimd to rnltect artd appty the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unlea Lender and Borrower otlrervrix agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpotee the due date of the trmnthlp installments referred to in paragraphs I and ~ hereof or change the amount of
<br />such inaallmearts.
<br />tt. larsvwaY Nat Es1eMd. Extension of the time for payment ar maditEcation of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall oat operate to release, in any manner,
<br />the liability of the original Borrower seed Borrower's successors in interest. Lender shall oat rte required to commence
<br />pruoeedings a;aitn# such strtxsasor or rcftrsc to extend time for payment or vtherwise modify amortization of the soma
<br />srrcur>M try tFis Mortgage by te;son of any demand roads by the original Borrower and Borrower's successor in interexi.
<br />tl. ~aehasruee ~ [.a~der Nd a Waiter. Any fort+earance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall riot he a waiver of or preclude the exercise of any such right or retnsdy.
<br />7h,e prowreaaertt szf imurarue or the payrrxnt of ta.:es ar other (fens or charges by [.ender <hall not he a waiver of Lender s
<br />right to atxekrate the maturity of the indetedness secured by this Mortgage.
<br />tL treats CatwlaMse. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />rcntetty urtdet this Mortgage ar afforded by law or eyuity, and may t+e exercised concurrently, independently or sttccessivtly.
<br />t~. 3lteeoaaao ant Aaaf~as listtu~ !stet and Several LiaMBty; Captiowa. The covenants and agreements herein
<br />cattained shall 6irtd, and the rights hercur~tr shat mute to, the respective succcsson and assigns of Lender and Borrower.
<br />sub)ect to !hs provisioxs of puagraph 1' ttercot .41t covenants and agreements t,f Borrower shalt h: joint xnd several.
<br />The captions and headings of the paragrnphs of this Mortgage arc for .unventetxr only and ate not to )x used to
<br />interpret or define the provisions Fterevf.
<br />t•1. Nadee. $xcope for any tsoticc te+luircd under applicable law to rte given ~n another manner, ta) any notice to
<br />Bonuwer provided for in this Mortgage shalt tx gtvrn by mailing loch notice by certified mail addressed to Harrower at
<br />the Property Address or at such char address as tiarrvwer ntay designate by notitr to !.ender as provided herein. and
<br />(b) any notice w Lender shall he gtven by certillesl ma+t, return recetpr reque;ttJ, to Lender's address acted herein or to
<br />such ottser address as Leader may designate Ity notice tc+ Borrower as provided herein. Any rwrice provided for in this
<br />Mongage r+ltalt be deamcd to have bean g+vcn to Borrower or Lender when given in the manner designated herein.
<br />td. llwMsrstt ' C,oreswiag Last; SeveraitMtty, Thrs form .=f mortgage combines uniform covenants far national
<br />use and nwrunifottn covenants with liwtited :•ariattcxu to urisdsctivn to cvttstirute a uniform s~unty instrument covering
<br />rr„st property. T'ttis Mortgage steal! be goverr~rf by .~ taw f the iurisdictian in whu~r the Property is Oocatsd, !n t!x
<br />event that anY provision ar clause of this Mortgage .~r the tiote ~anfiicts with applicable law, such conflict shall net affect
<br />other previsions of this Mortgage at the Nms vttn!; tart be riven attest withaat rho eanflictin~ pravisian, amt so Chia
<br />end rite provisions of rtes Mortgage and the '!tae art .les:lartaf w lie sovorable,
<br />M llarrawar'a Cspy, Borrower sttrll rse furnished a confvrtttett copy of the Note and of this Mortgage ai the tune
<br />of execution or after recordation hereof,
<br />17. Tstwdtr of Nte t4wptyi AwrwpEiow, if aU or any part of the Property yr an interest therein is sold ar transferred
<br />by Btxtower without Lender's pcor written coassnt. excittding (a) the cteatian of a liars or eacumbnnco subordinate ro
<br />this Mortgage, (b) tits creation of a purchase money security interest fur houxhoid appliances, (e) a transfer by devise,
<br />tloscattt or by operation of law upon the death of a jvim tenant or td1 the grant of any leasehold intaraat of three }•ears ar less
<br />i-Ot COitrainilq an option to purchase, I.CrNiat may, a< Lender's opuon, da.lare all the soma secured by thu Mortgage to be
<br />immediately due and payalaM, Lender shat! have waived such option to accelerate if, prior to rho sale or trausfer, Lender
<br />and tlx porsestt to wtrau ttst; Property is w >tc sold ar transferred ranch agrsemsnt in writing that the erodit o'. such petsan
<br />is satiwftsctctry to Louder and that the intsrsst payable vn the sums seeurad by this Mortgage shall be at such cart as Leader
<br />shalt request. tr Lewder brs wai.od the vption to accakrata provided in this paragraph 17, sad if Borrower`s successor in
<br />iwtareae bas eueutad a written ueuatptian agrecasent accepted in writing by Ixnder, bander shall relearn Borrower from all
<br />ohkgatbns under dais lHottgage acid ehe Note.
<br />B Lawdar eitsrciraw retch option to accelerus, Lender shay) malt Borrawsr !tat+ce of accelerstioa in auprdansx with
<br />~r~ 14 lxmof. Ssrsh notice shah ptaviiM a period vt nut less !hen ?0 days from rtes date the notice Is mailed within
<br />iavnmrer may pay rtes soma dxlarat due. tf Borrower fails to pay such runts prior to the expiration of such period,
<br />Lewder it3ay. ttrttbtxtt ftattter erotica or dettsand vn Borrow°er, invoke anY retrktfies permitted by paragraph 1 g hereof.
<br />lvot~-Uwtwgata Cov6rtarrTS, 8surower attd Lender further ~rovenant and agree as followr:
<br />i*. ~ RiatleAildl. tt[sy1 its pwrMiad ~ ptttragrrrRh 17 hereot< ~ Borrower's breach or aqy eavawaat er
<br />ataMesosrrar fw ~ I1lattgrga, ktclydiwg the roveaaala fo py .vltat dttt awe wtws sectrnd by tttk t+!+
<br />altrii rp~i1 rsotir: ro fwrrosrer ar prettied f, paraltsaE- i1 hereof Yh!g'= (i) fin brtwschi
<br />(i} ~ attdaw ae~ttti 1. esrro ttwctt beeac-t !J) a date, teal Mae than Ji dye trwt rtes dace the adice M ravaged is awrruwes<
<br />1fLr wYda widt _w_rtLt lee s'safstk last! (I) Beat hNwe !o seers ~ bseash sat x hetars rtes data ~ Iw fha asttlse
<br />tray mw111 r ~ of die swim sesurtd by this :-le, fsrnsfwre ~ ~icW prgrssdiag asst ode M tba Property.
<br />tlaa rl tilkR~ trertltw ItifMwl >~arro.+er ar the rigMk tv nbraaee after acceMratlaa earl the right to a.ere ~ fhe rorasleastn
<br />liM- ~ of a datwdt er artx eBrer tM[etsae at >haera~sror to ~ sad farec{arawe. B the beeach
<br />tr tNt svtrei ew a hdon the data hs the woticr, reader a t~tsiMer's aptiow ratty tM+cbue aB M' the sstwss troettrsti by
<br />t1¢Ir - _ - _ ~ ~ ~e wwi MyaAie vr~wt ranter da+wd awd wy rovseiaae 61' 3adicLM rtosaeifwg• t•sxdar
<br />~M~111 41 airy pratt:+t trill exMtei~t~ d rwreslattan+. Iwahtdlatg, b>d attt Ihetited tu. t:eafs oil dnsrarswlat7r
<br />~s l~ 11~ limit r~
<br />!~. l~s tlt~tt fg ~ tt(€+tvritkntaodtng I.e.~er's acccltratx.n cf efts =trine Barad by this Murtsaga,
<br />Bt~fo+wet r1~I b+rve fhe i'r; Have Bury. prorsodirtitx ttegun hti l aL+der rv atrftxcc th++ Ms~rtga~a dia4ssntinusd at auy tinx
<br />
|