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~~.-~ t~t~489 <br />Ltn~r's written agtt tx applicable iaw. Harrower shalt pay the arrsount of all mortgage insurance premiums in the <br />meaner pfavidcd urukr paragraph 2 hereof. <br />Arty atnoants dtsbtused by LemdQ pursuant to this paragraph %, with interest thcrwn, shad becarne additin.w:.i <br />indebtedrses3 of &xrawer secured by Phis Mortgage. lintels Borrower and Lender agree to rather terms of payment, such <br />tunatrreffi dtaH ba payable-upon Mice from Lender to Borrower requesting payment thereof, and shall hear interns! from the <br />of dint at the rate payabir frtxn tints to liras on outctanding principal under the Ptoee unless paymetrt of <br />littas~ast at wch rate wottid rte troatrary to applicable Taw, in which avant such amrn!nts shall bear interest at the highest rate <br />pttrRSi under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expetm or take <br />arty action hereunder. <br />B. ~• Leader may make or cattle to be made rcasonabie entries upon and inspections of the Property, provided <br />that Lender shaft give Harrower notice prior to any stech inspection specifying reasonable cause therefor related to Lender's <br />intart~ in tfr: Property. <br />4. C The proceeds of any award ar claim for damages, direct nr consequential. in connection with any <br />contlemnatioa or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shall be paid to Lender. <br />In the event of a total taking of the Property, the proceeds shall be applied to the sums sacurcti by this Mortgage. <br />with the excess, if any, paid to Borrower. in the event of a partial 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 proceeds <br />a is equal to that proportion which the amount of the sums sxured by this Mortgage immediately prior to the date of <br />taking bears to the fair market vacua of the Property immediately prior to the date of taking, with the balance of the proceeds <br />paid to t3orrnwer. <br />if the Property is abandoned by Borrower, ns if, after notice by Tender to Borrower that the condemnor aftero to make <br />an award ar settle a claim for damagts, Borrower fails to respond to Lender within 30 days after the date such notice is <br />mailed, Lender is atrthorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the <br />Property or to the sums secured by this Mortgage. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend <br />or ptotponc the dtro date of the titonthly instalintents referred to in paragraphs 1 and ~ hereof or change the amount of <br />taKh installments. <br />10. Barrowzr 1Vot Extension of the time for payment or modiftcatinn of amortira[ion of the sums secured <br />by this Mortgtege granted try Let>der to any suctxssor in interest of Harrower shall not operate to release, in any manner, <br />rho liability of the ariginai Borrower and Borrower's successors in interest. [.ender shall not he required to commentx <br />prttceeditsgs ttgaitsat such succesxsr or refuse to extend time far payment or otherwise modify amortization of (fie auras <br />secured by this Mosgage by lesson of any demand made by (fie original Aorrower and Borrower's successors in interact. <br />Ili. ftasbaaersmes bs i[.easdar Not • Waiver. Any_ forlxarance Ay Lender in exercising any right or remedy hereunder, or <br />otlnerxrise aftarded 63' applicable law, shall not he a waiver of or preclude the exercise of any such right nr remedy. <br />'ItTte ptonirernt:nt of inastrastts: a the payment of taxes nr rather liens or charges by l.endnr shall not be a waiver of l.errder'c <br />tight to acceieraro the troturity of the itrdebtedttess secured by this Mortgage. <br />23. ltttwtdfn twte. All remedies provided in this Mortgage are distinct and cumulative to any other tight nr <br />rt:rtterty utr~r this Mortgage or afforded by law nr equity. and may be exercised concurrently, independently ar successively. <br />13. Sassasaa ant Afdgw looo~ isiwt trod $ererol [.iabiiry; Capllrsoa. The covenants and agreements herein <br />cuntaitsed shat! bind, artd the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower, <br />wbject to the provisions of paragraph l7 hereof. Atl covenants and agreements of Borrower shalt ha joint and several. <br />-flea captions and headings of the par~,.graphs of this Mortgage are for cnnveniettce aniy and rare not to be used to <br />iMerptet o[ dalln6 tisc provisions tsereof. <br />i4. I4lotict. f?xetpt far any notice required undot applcable iaw to be given in another manner, {a) any notice to <br />Horrastraer provided far in this Mortgage snail be given by mailing such naticc by certified mail addressed to Harrower at <br />tlse Property Address or at such other address as Borrower may designate by notice to (.ender as provided herein, and <br />(bi any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to <br />stteh ether atkls+aas as Lender may designate by notice to Borrower as provided herein. Any notice provided far in this <br />Mortgage shalt be doemed to have treon given to HOrr~vEr ar i.ettdcr wl~n ~iven iiY the maflikdr desisnated herein. <br />id. Ut,-a ~~ e-r-'~'-'-- Lit ~, This farm s4f ntnrtgag ec„„-rtttitta3 ::nifornt :av€nants far nat~teal <br />tree and Wort-uniforas Cavenant5 with limited variation= ~y turisdic:tian to constitute a uniform security inurument covering <br />tai. property. Thin Mortgage shat! be governed by the law of the ittrisdiction in which the Propcny is located. In the <br />svasst that sup provision oP clause of this Mtsrtgaga or rise ?d:ste .ctstflt~ts ~lth app#icatrle law, such cantiict shall oat aftoct <br />..,s•-- nc:..o;.,.,o ~ :his u~_~ ar ttrc wt.,.e ,uh~x •~:t rx alv^: -~ t ,.~;ttta,tt tt~ cm,rtcrttna nmv~sti+dt; and to the <br />end the provisions of tiro Martgagc and the PdniB are dattsrcd to tea sovorabic..- ----- - <br />RC. lea f,:~j-*. i~rrFVlvrPgr ~sSaii ~ €`etrn[as~ri a cz~rfor~r~ cCrp~ axi tip eerie ~€~t i=f ii~i3 inwsgags< at 2iic° tip <br />-~ ti~7~osiilit ~ air ~ .`~~. <br />17, 'Mnfar rat tba 1!a~aaty; Arpsoyttloo. tf all ar any par[ of the Property or an interest therein is sold or tranatarrcd <br />by fi~rawer without Lender's prior wtittsn carl,rent, excluding tai the creation of a liar or encumbrance subordinaro to <br />Hitt Mortgage, tbi the eroatiott of a purclsase mattey security interest for hottsehoid appliances, fat a tramfer by devise, <br />tieasenk ar by operation of law upots the death of a joint tenant or ldl the grant of any keanhoid interetu of throe years or less <br />not avatalniteg as option to punbtssa Lander may. at Lender's npiion, det:lare all the sums secured by this Mortgage to tx <br />itto>nodiakety dun and payable. Lender shalt have waived wch option to rasleratc if, prior to the sale ar transfer, Lender <br />and k~ peraws to wtstxu the Property is to be sold ar transferred reach agrrxmcnt in writing that the u'ettit of such peraan <br />is aatlafactary to i.eader and that the itterest payable an the sums secured 6y this Mortgage shalt ba at such taro as Lender <br />uhatl requgt. If Lender has waived Ilse option to accskrate provided in this paragraph i?, and it Borrxwcr's ststxreasor in <br />iateirtit has eaec~tted a writlrsa tssutmptiaa srraestacnt accepted in writing by Lender, Lcockr shall re~rse Borrower fimn all <br />atP~Yisatiotta under till lelarigstfa and tlse Nara. <br />If t,.wder etuxe®cs such aptioo la tscsxierate. Lender shall mail Harrower notice of aweknsion in accordance with <br />P~ t3 hereof. su.-lt tam s~itl provide a pcriad of tux less than 30 days from the dais tiro twtics is matls;t within <br />ar kksrrot-'tr ttsay pay khe soma tttctared due. tf Borrower fails to pay such sums prior to the expiration of such period, <br />4mtdor ttsay, witivul fttrthar notice or demand on Borrower, invoke any rctsredies permitted by paragraph t g hereof. <br />Ngid.UattA~nstw t~avaatatv~a. Borrower atxf Lerxkr further covenant and agree as faltmva: <br />iB. tkee~i ~ BiczWit as Wot<hiesl hs pstrot~i i? ieessaf, sum iirerower'a krrrtamd of tetrq~ raraaatli os <br />~ ~' ~ ~ ~+ t=s !bs €ovtxants to pity srleen a$,y snas ss~eltod by iNrt <br />jtir>s~r lPt~tR a sW trpr tsgtlse ro flarsostr as pwvitiad iN pttrtsgradsls i4 ieratd apaclfyitsgt ll? tit iseacby <br />( tHltt t ~ etroa ttt~s'A btreah; t3! a date, oast lam bean 3B +~s faaa tie darts tit: netlce l* ~ idortrower. <br />b aM~ ataeit itpsedi meat ie etaaa~ land #4} fiat ta~tre to ~e ttweb tttrsssie oa at batast tit +~ sttelied ~ tit oatb~ne <br />stMgt rtiatdt la ~i t4 ~ls wart tttieueod iY tW 11lattlpara, fastrciaaatrst by jr~cW (frnettdiatg toad trait of tit t!'ragarty. <br />'I1ei itto~ileli tiNt1 ird+tra Bnrresr:r of dot riigtq t+o ~ tfber arre+eUttatitae sat lia ri~it to ttssasi is toe foteeiasasrt <br />qte art of s tt nay ts8str sidema of Borrower ~ aeceles>i5oo ate leseciatoka. !f tie Mead <br />Ba its lets of 4aft+r tlra dttM is tfls rralkb, I,ttrder atf E.ttsdtrh optiaa wsa5' dttc4rt aU of tit surow aeeosed by <br />i iR ill ~' that and pttyabia wilboot faat6rtr deauwd twd tarty tortslsaR i~' 1ttd6c3a1 tetosaedbpt. 1xt~er <br />ebRH bts > tIa t~illast is satds p[oe ~ ex~aba at f~, ~ tsrst oak eked ~. ces4t of dtttaetentry <br />t-ttr ~ ram <br />tf~sk t4 ifi~trtrottt. Nr#writhstaridirtjS tcntier's accadcration of the sums seeutcd by this Mortgage. <br />tibrtr6aerer t~tlt have the tfght to have ally prtlteedin~i begun by Lender SO enfuF¢e 41415 Mortgage discantinusd at any limn <br />