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- -- Lender's written agreement or applicable Iavi..Borrnwer shall pay the amount of all mortgage insurance premiums in the - - -
<br />manner provided, under paragraph 2 hereof: - - - - - - - - - - - - - --
<br />- Any amounts .disbursed by Gender- pursuant.to-. this paragraph- 7. with interest thereon.. shah become additional _ _,_
<br />indebredness"ofB~rrower-secured ny this Mortgage.- Unless 8oriower and Y.endcr agree ta'Oifier Terms of payment. Such
<br />amonn[s shall be payable upon notice from Lender ro Borrower requesting, payment thereof. and-shall bear interest-from the
<br />_ date of disbiusement at the rate-payable-from time to nme on .outstanding principal under the Nnte unless payment -of
<br />interest at such rate would be contrary to applicable-law, in which event Bitch amivunts shaA bearinterest at the highest rate
<br />- permissible under applicable law. Nothing-contained in this paragraph 7 shall _require lender to incur am•'expense or take
<br />any action Hereunder.
<br />- - 8. inspection. Lender may make nr cause to he made reasonaHle rntriec upon andinspections of the Property, provided - ,
<br />that Lender shall give Borrower notice prior-to any such inspection speeifing reasonaHle cause therefor related to Lender's - -
<br />interest iirtte-Property. - - - - - - - - - - - - ~ - -
<br />- - - 9:. Condemnation. The proceeds of soy award or claim for damages.. direct nr ennsequential, in .connection with any _
<br />...condemnation or-other taking of the Property. or,part thereof. odor conveyance in lieu of condemnation. are-hereby assigned - -
<br />-and shall He: paid to Lender ~ - _ - - - - - -
<br />- ` - In the event of. a total- taking of the- Property. the proceeds shall hr-applied- to the arms- secured by (his Mortgage. - - -
<br />:with theexcess; if any. paid-to Borrower. to the event of a part i:il taking _ofrthe Property, unless Borrower and.I=ender _ _-
<br />- - - - o[henvise agree. in writing. there- sHall be mppl{ed to the sums secured be this Mprteage dash- proportion of the proceeds
<br />- - as is equal to that proportion which the amount of.the-sums-cecurcd by-this \lortgaee imtnediatele prior to the date of-
<br />. - - - taking-bears to the fairmarket value of the' Propcrn• immediately prior m the date of caking, with the balance-of the proceeds --- -
<br />-_ paid- to Borrower. - - - - - - - -
<br />lftbeProperty is abandoned by Borrower. or if. after nirticc he Gender to Rnrrniver ?hat the condemnor offers to make
<br />- an award or settle a claim for damages._Borrnwer fails-m respond tn- Lender within ;0-days -after the dato such notice is ~ - -_
<br />•.-mailed, Lender-is-authorized-to collect-and appl;•-the_prpceeds..at L.ender'_s `optiop..either ~toresroration pr, repair__of the - _
<br />Propem• nr to the Sams cecurcd M' this -Mortgage. - -_ ~ - - -. - -_. - ~ ~ - -
<br />_ - ..Unless [ender.-and Borrower nthenvisc agree in-.venting. an}~ Bath application of proceeds to "principal shall not extend -
<br />- -. ~or postpone !fie-due Jate nf. the~rhonthl7 ~installmcnts referred-tn in:paragraphr I ;md2 hereof or change .the-amount of -`_ --
<br />- - ' Birch installments. - _ - - _
<br />--10,- Borrower Not Released. Extension of .the time for pa}~ment or. rpndific:mon nf. amortizatino of the-cams secitied -
<br />- by thisMartgage_gramed by_Lender to any. successorin interest of Rorrbwer shall nqt operate tgrelease, in any manner. .
<br />_lheliahiliti'nf the-orieidal.BOrrmver :rod.. Bo_rrowcis airc.tttisnrs in in[crest.-•-Linder-shall not-he -required-to commence
<br />- _-, proceedings: against"such-successor-orrefirse-tq-eucndrirriz-for-paymentur-otherwise mndifs__amortizatin~_of the sp_ms- ___- -_-
<br />- -secured by~this-Mortgage hereason i?Lany,demand_made_b}~ the original f3armwer and-Borrower's, wccessprs is interest. _ _ - _- -
<br />- ~ -'- -`-- 11-.- Forbearance-Hv-F,cnder--tioti a-Waiver. -;tink_ fonc~arancc by 1 cndecin execcisingpm rieht.or remedy hereunder. _<t[_ _ _
<br />-othetise afforded ~.by-applicahlc law, shall not he cr- waiver .cif- or preclude -the. csercise ca .+ni~- such Fight-. i?r remedy.
<br />`-The procurement of insurance or thepayinent of uiseS nr'other liens nr charges by-Lender shall not bra -waiver of--T.en(ier's - ---
<br />right to accelerate tFie maturity-of the indebtedness sea rd HJ this M< rtea2e. ,-- -- .. - -- - - - - -
<br />-- - 12.- Remedies Cutnulativc:.All remedies provided uY-ifiis.-Mi?rteagt arc--.thstinct :iiid cumutativc to am'-other right br -
<br />_ - - remedy under this Mortgage or afforded bylaw n_r equity :mJ alai' h v-rcisiud mnciirrently. indepcndenttd 'nr st ~cessivehC -- -
<br />-- 13.- Successors= and-:Assigns-Bound; .loins anti- Several _Liability; _Captions. ['ha toy enants-_;Ind -?grcementa herein _ _
<br />- ~--contained shall Hind. and the-rights herecindet--shall inure to, the re pe Irvc -cuceec,ors-nod aasigns of Lendec -:rod Borrower.
<br />_ _ sirbje,ct_Sothc-provisrnns.-of-paragraph 17 herent - ere_cments oFAo_rrower-sha_Il be jaintand sederal.
<br />All n nt5-an r r _ _
<br />=The-captions and-headings-o[ the-pxragrupM uf_ahis 41 rtLa__c .tn r(ir-com~emen_ce nnh and-_rrc not io he used~fo _ ~ 5nterore[ iir define the ~irirvisions-hercciF.- -- - - -- - - - - - -, - -
<br />14.=-1Votiea_ Exeep[-far an}• noiiee reunucd under applicable law ao be en'rn m another inadner.~_ta) any' notice to _
<br />" -Bornnverprovided for in this Mt nr.tgeshall 6t 'vcb Hi' m ufinE,;such_notic, h}' trru6ed mail addressed l0 Borrower=at - '
<br />- the PropenyAddress or at such nther.;iddress's 6ocrnw~c•r niav desieo:uc h}• -notice-tn lender: as lircivideiihrrein. ;rod -- -
<br />- - -(h) anp notice to=Lander sHall'be oven°Hy=.'eru Rcd'ni;r I~ rcrord `r ttrpt ~t,gi!asted,-t~ 1.4nder`~ ,address sFated h_r rem nr,~iR -=
<br />=-such'-othed-address--as Lcndekmr} -desinatt f v i`?ticr Rr~rrrvw r is prrrvidr.f herein Any noiiee provided f 'n-;ibis _ _
<br />Mortgage shall-he"deemed ao hour been gi-vi t t Byrn+w t tt 1 rndtr- diva be + in the-manner de=cienatal r. -• ,- _ -
<br />' 15. Linifurm Mortgagci-fnventing~Law. SeveraFiihty, ih~ i."mot inortiaet ~`onihines uniform omen: .x. Fr r n.dinnat _. _
<br />- use anal non-uniform c,venunrr with timiR~e - ialion_c Hv ~ ~::L:•.~ ~~ -" `: info rnn ,. _~ :eiv
<br />teat-ptopent Ttvr ~L rtgir,ge sh II ~~evi .d ^t rbt av~ .. ~h .1 "~ih ...riot rpr ,p~ t led In 'hr
<br />cni Th.it ant prat . ~ .!: i nt tiii> ~I ,rti.~av ~ ,hr ~."'~c ., it , i. .. ~ ~q,Ir.nFitd ~. -re h" ,~ rl~r ~~.rlf r ifferr
<br />other nmc rinnr ~rf rhr ~Lurgage_ur rhev-t .. h~,h _.n I+r _ trlnr ~.+'nh•~nt _the rllirlinp p"+. r.,r and i~ Inis
<br />_ and tlty I t ni~i0u+ nl !hc .~tnrr~age and 'J;c ,+ia .rte .t i Trod r,~ I ~ r. hls
<br />~_ __ -t6. Borrow ~•r's CtSpy. 6drr nvtrsHaH mr„~.t,eJ . , .„r„~~a e 1 ,hv-ot the Nate- .' ('x'> Ait. t *age-31 ihc time- - =.
<br />_r _. ___ _ _: ___. _ __ _- __
<br />- ui execution or after rcnrdation hereof - - - - - _-
<br />- _ - - U. -Transfer of-the Property: Assump'timt. if :JI Lr u~t part lit ?hc ~Prnperty ar Im-interest therein is-sold nr transferred - - -
<br />- ~ by-Borrnwer_wi[hnub Lender,'s "prior urii[Cn "onacnt. ccclud'u?e C~ the creation of a_ lien or encuntbrancc subordinate to - - - -
<br />- -this Mortgagq.. lh1 the 'crcatinn of a puro Hass-moniy`,ccurrtainte rest-Far hnusehnld appl anti.,=fci '~ transfer-Hy, dev`>se, - - ----
<br />--desi;ent or by operation of law open the death -t r ioint w ant ur r h rbc-,;nmr al am- leacehnldinterest of three •ytan ter-less - -
<br />- - nnCCOntaining-a'n-Spti?in=?epurthasc; Lepdarntcty;-at-L.u,dtrs npntrt.-dfv L,re ~h :he sum, secured-!+v ihra ~Mpctgage l0 6c _- _
<br />- immediately-due and-payable. Lender shall Trove ti;utcd su h,-opt (r _r-, xa:c9rrate if prior a> the gale .?r transfer -t.endet _ _ - _ - -
<br />-and [he persvin U'<whont the Pn?p ~n}' i.; to A.*. sold ur transferred c a_6 .igresmem in a~i[ntti thst. 'i he "d•edit oC sueH pcaon -
<br />_ is sStisfactorr to-I-cndru and-ihh~~thc interest pa}-:thlr nn the auori yea!rred by ibis-Mortgage .hulk he at mac-H-raft ar t,,>nder- - ,
<br />_- - _ --ahall request. -If I ender has w:uvud-ihc ophan .n--nt tltr rte-provided in thin-p.rraet;rpH -!', and-if By ifliwerg su ceesor-ut
<br />_ - interest Has cxrcuic7l a written :nsimrptiou :+grcemanr a..i pied .n tv riGnk bg_ t. rdec.-!.ender shall reh t'c Ar+rnaH-cr Imne 611 -- -
<br />-. - bbligatinns antler (his Mortgage-and fhc- 1ViHe. --`- -- - - - -- ---` `--
<br />_ - ~ If Lender=cseh race suchnpti(vn to atcrlcr:ue,-1_r r,iil. ,'hall merit Borrower iir ~t ice of-,rcccletauon iii .rr2oul urge with - -
<br />-paragraph 14_hereof. Such mute-,-hail, provdt:n_perifJ ,f nut rt ~~ then 'Ur ;I n. rr~dn ire date Tho_ n nc- ~ic mauled-u~ithiti
<br />w°hich Borrower rnuy pay thCsuma decl:u of doe I(--Ai,rr~ ... r i.~-- : -r"ty .a.h .,. n, rrrur n. !fie-cs'Fu rot n of r vH ptr~d: - -
<br />- --Lender'may.-withourCurthcr_nolice err demSnd on_Aen Wirt ntsok ~t r} tcmt'dr , ^tFrmili .I hv_pa(~t: raph !s he -r"r: - - NON-1;Nlt oily Govt ;NwN!`a Borrower ;+nd Lender Curthet cars-rnaut duct ar,r , .,} (allows -- - - -
<br />- -- _ -- 18: Accetcration;-2etneilies. F~ccpt lla ptntided in paruPrapb l7-herQnt, upuu ligrrnvn r'dhrrach uf. any rot uuuu nr _
<br />-- sigreetnent uP--RUrruM@[-ili~htr ~lorteage,-httludini: lire crzteuai t+ f r pat--K'hett ~dne oily auut, ice-urrtl tr, -il_ti, rlrrrtgu~r,
<br />_ Lenderprior to accelcraSion ,hall uuril uulttt in Rurrr tc_r „ prntrded in purugruPtt 1~7. ft'mtit <posrf, in4: rlr rho hrr,n h~
<br />12) Lhe ectioq requfryd m_t~um rush brcaeh tat a dater ^ot toss Wan to duy~=fcmn ihc d;iG¢ tlu; nmin- is m:ulcd iir Bntnr.,, r,
<br />- b}~-wbich spch hreacH 1111tsi be 'trod; and la{ that fa ilr rr lu ,r ,uv 11 6rral$ ou=or HeFu rt• the dart spcr•}tird rn ihc uulirr
<br />uuq recall its aCrcferatjan u( ihc trout reuaed b, rhi, Von¢aµrrFw eelustu~h5 t«dii inlyrn r ding, aria Bolt ul tht Yrupo rn.
<br />- ~ 1He notice shale FftHF[7nforarBnrt6wer n( ihc r~ht_lu rein,lvtc after .ieceleruliurtaod tHv right to atiscn iu.ah"c tun Jorun
<br />.proceeding the npn-txlahnce of a deFnidl rr :rm other dit¢nrr .d 64rrower to a.iideratiun and lurivlnaura~.--If rh. hr ca.h
<br />--_-- is not rnrcd nn oi-HeFore the-doh spa died-rn the nutFt e. bier dtr :.t f rriiiei`s 7rptiun &ta~ I"t l:uo .dl-i.f Un•-;Mini, r.•, nrcd b.
<br />- - ihFs Mortgage td tx'inunediatcly tlue._uud Pa7atlle .}r`ithuut lbrtlter deuunuf and mui-run~ch„v by indi.ial pit r.ccdinr;. t,ndr,
<br />steal! Its entitled to wllect in siith pracccd'tng all epeua s of fort•clu,nn nirHufin¢, hw our I nuttd r. a+4 ~d data mw.ut
<br />- _ - evidence, abstracts-acid tFttc rrpurta. - ~ -
<br />~ ~ ~.
<br />_ t9, ,BorrRkv'er's RighE io Rcfitstufe. A,+tw nhstarnlorp i ~ , 1. ,. ~. .~. .... r,. t t.t
<br />-,Borrower sftatl:Haec the ti ht-u lw,+?c ;iny- erw..eeti+v
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