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82~st~~~~~~.
<br />Lettsler's written agnxtttsnt or applicably law. Borrower shat! pay the amount of a9l mattgage insurance p.*emitrms in the
<br />manner pYOVided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant ko this paragraph 7, with interest thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lendtr egret to other terms of paymem, ~'~
<br />arttounq shag he payable upon notice from Lender to Borrower requesting payment therraf, and shad hear interest from the
<br />dais of dLsbur~ment at the nett payahte from tithe to time on outstanding principal under the 'dote unless paytncnt of
<br />irrterest at arteh rate would be contrary to applicable law. in which event such amounts shalt bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any ezpsnse or take
<br />arty ac~tior! bercunder.
<br />g. Ia~erllas: Lender may make or cause to be made reasonable entries upon anG inspections of the Property, provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coadea, The praeetds of any awarfl or claim for damages. direct or constquential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby sssigtted
<br />and shalt be paid to Lender.
<br />In the event of a rata] taking of the Property, the proceeds she!! be applied to the arms secured 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 />as is equal to that propttrfion which the amount of tht sums secured by this Martgage immediately prior to the date of
<br />taking bears to the fair market vattre of the Property immediately prior to the dart of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, nr if. after notice by Lender ro Borrower that the condemnor often to make
<br />an award or settle a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect artd 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 othetaise 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 1 and 2 hereof or change the amount of
<br />such installments.
<br />lA. Derratsror Nat Released. Extension of the time for payment or madiflcation of amortization of the Burns 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 and Borrower's successors in interest. Lender shall not be required to commence
<br />pracssdings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Martgage by reason of any demand maw by the original Borrower and Borrower's successors in interest.
<br />irv~is`araase s`y lewder iv« a [never. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise aftotxkd by applicable taw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurettxnt of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />l2. Rs~at Caor~x. Ali remedies provided in this Mortgage art distinct and cumulative to any ether right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised cancurrentiy, independently er successively.
<br />13, 3aeaeawss aatd As.igm Hosed; ]Dist atad 9evend I.iaWky; Csptbrw. The covenants and agreements herein
<br />contained shall bind, and the rights bercundet shall inure ta, the respective successors and assigns of Lender and Borrower.
<br />subject 4o the previsions of paragraph 17 hereof. .0.11 covenants and agreements of Borrower shall be joint and several.
<br />Tlx eaptiom and headings of the paragraphs of this Martgage are for convenience Holy and are not ro be used to
<br />interpret or define the provisions hereof.
<br />11. NoNee. Except far any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Berrawer may designate by notice to I_endcr as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by native to Harrower as provided herein. Any notice provided far in this
<br />Martgage shah be deemed to have bcen given to Born>wer or Lender when given in the manner designated herein.
<br />IS. Utsltnrsa Mottgsge; Gtrversbatt Law; Severahy. This form aE mortgage combines uniform coveaants far national
<br />t.•se and ttwt-unifarnr covenants with limited variations by jurisdiction io constitute a uniform security instrument covering
<br />rest priipsrty. Thy Mariga~ s."tall ba; gaverntd by t-- ._. of the ittrisdir:tion in which the Pr-.rperty i- b-sr;att Ia ttr~
<br />event that any praviaian er :louse of this 4fnrtgage or t~'`cate canf3icts with applicable law, su;;h couplet shah not amt
<br />other provisions of this iriartgage ar tit= !Yore: which caa be given ctiect without the conllicring prevision, anal to this
<br />.':~ `be '~ -f the Mos. •--°° ar.d t .!e - -- aced t s~4er.hle.
<br />... :.°.~,;,s .~ .~.,.~ he to a.~ d~:l ° `_
<br />__ ~.~ --
<br />14, llorrawer's GopY. Borrower shall be furnishtal a conformed copy of the Note anti of this Mort~_ st ai the tithe
<br />of execution ar after rccordariort hereof.
<br />17. '1Yaosier of tbs Teopatt; Aswwpttoa. tf all or any part of the Property or an interest therein is said ar transferred
<br />by Borrower without Lender's prior written consent, excluding ta) the creation of a Tien ar encumbrance subordinate to
<br />this Martgage, (b) the creation of a purchase money security interest far household appliances, (c) a transfer by devise,
<br />descent or 6y operation of law upon the death of a joint tenant nr fd) the grant of any leasehold interest of three years or less
<br />oat containing an option to purchase, Lender may, ai Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately dtte and payable. Lender shall have waived such option to atxelerate if, prior to the sale ar transfer, Lender
<br />and the person to whom the Property is to be uYd ar transferred reach agreement in writing that the crraii! of sueh person
<br />i9 satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rats as Letttkr
<br />shall :repast. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrow-r's successor in
<br />irrtercst has executed a written aaaumptiat agreement accepted in writing by Lender, Lender shall release Horrewer from ail
<br />obligations under this Mortgage and tM Note.
<br />if Leader exercises such option to accslcraie, Len.h:t shall mail Harrower notitx of acceleration in accordance with
<br />paragraph 14 hersot. Sttch notice shat! provide a period of oat less than 3b da;s Pram the dots the [taros is mailed within
<br />whie6 Bturowsr rosy pay the sums aeclared due. If Borrower fails ro pay such soma prior to the rxpiratian of such period,
<br />Lender trolly, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1 g hereof.
<br />NQty-UNl~ta C?vaatar!*s. 9orratver and Leader fort-!ter covtttant attd 3gres as fatlows:
<br />1t:. ~tt~¢' s.isanF Rte, lgasspt ~ gro: ~ paragraph t7 hercaC. upttu 8orruwer`s brsalsd of any esrvssarst or
<br />ttgtaxmest ed Dprrower 4a this Msr~age, tachrdtt~ tlq! covenants to pat- wbes dse act asaw sectrned bt tb~ Mortgatee.
<br />l.tt#der t>~` ~ aetelsratisa rthaB sottce to tllorrowtr aa. pruvldear is pst'attrapb ti barest apa.i[yt: ii? the breach;
<br />{A~ tks taeUost treat to acre web breach; (3) a dde, act leas than 3Q dsya from t>w dtMe Ilse sottce k ma!!ed to Borrower,
<br />4Y w-k1t aeeh btwc# taasA W orated; sad (4) that ftaiisre to ears saeq breach os or before the dots specified to the sotlce
<br />taeay sa~esk b ~ of the asters secared by tMs'.4lustgaBE. [~eclessre by jsdirW ~ sad of 4be Prsper>,y.
<br />'l~e aipp leather Ia4iosm, Raraower of ebs right to rehwtstt aHtr sccekrstirw asd dhe rigbi to assert is the forectoasre
<br />pareret~YsB tl-e ~e of a detaaq or say other dehtatrc of 8arruaer to acce;ierstfos sad toteclerure. tt the breach
<br />~t alo/ tpeti os or batore tIM date ~glecYkd ~ the atatke, Leader of Ltsdet'a option may declare aH of the soma secured by
<br />ddsi ~ to 6s icy due surd Pltyable without ttu9bar decreed tad slaty foterloat bg JtrdkW rrviceedisg. leader
<br />s~ M esd to ceWet bs aacb ~oreer~ aN eapettses of tortcbasrc, iseltaeBatg• bet not [hatted to, coats o[ dorastestary
<br />Via, t~ttaeta sand fBitr regsafs.
<br />iii. ws~~.rR~s ~~p iV °w.ww..~'"'rtrt. lYoa::iths4a;tding I.c'nd?,is a4cleraiivn Of late 3atns YRtiUred b} ibis iw'brtgage.
<br />norrevcr stall `savo lire i~irt io have anp proceta'iugs 6egtm bq I,cnder to enforce this Martgage dis;:oniinutd at any tints
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