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<br />,~1-a~t~~71."~ S1- uv557
<br />Lender s written agreement or applicable law. Borrower shall pay the amotrnt of all mortgage insurance premiums in the
<br />manmr ptovidcd urrder paragraph. 2 htrmf.
<br />Atry arrttwnts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />itttlebtetlneas of Borrower secured by this Mortgage. Unless Harrower and Lender agree io other teems of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest fmm the
<br />date of disburaentent at the rate payable from time to time on outstanding principal under the Mott unless payment of
<br />interest at such rate wtsuld bt contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to ittetrr any expeme or take
<br />any action hereunder.
<br />g. iaspeetfrr. Lender may make or cause to be made reascmabte entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower nonce prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cowdemst:Nww. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />rnrtdemnation or other taking of the Property, or part thereof, or for conveyanac in lieu of condemnation, are hereby assigned
<br />and shall be paid to Letrder.
<br />1n the event of a total taking of the Property. the proceeds shall be applied to the sums 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 shalt be applied to the sums secured by this Mortgagc such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the daft: of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower, or if. after notice by Lender to Borcower that the condemnor offers to make
<br />an award or settle a claim for damages. Bornowar fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized 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 Mortgagc.
<br />Unless 1_en~r and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly instaflments referred ro in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />19. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted 6y Lender to any succecux in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in inttrest. Lender shall not tx required to comtrrence
<br />urttceedinga aasioat such successor or refuse to extend time for payment ar otherwise modify amortization of the sums
<br />secured by this Mortgage by lesson of any demand made by the original Borrower and Borrower's successors in interest.
<br />I1. Foriearawce 69 looter Not a VFaiver. Any fotbearance by Ixnder in exercising any right or remedy hereunder, or
<br />otherwise aAotded by applicablt law, shall not kit a waiver of or preclude the exercise of any such right or remedy.
<br />The procuretrsent of imurance or the payment of taxes or other liens or charges by i_cnder shall not he a waiver of Lender's
<br />right to xce}erate the maturity of the indebtedness secured by this Mortgage.
<br />12. Raaeain ~L'atwwhNve. AlI remedies provided '+n this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mgrtgagt or afforded by law or equity. and may he exercised concurrently, independently or succcssivtty.
<br />13. 9tsecesstres asd Asslgsea Ilawad; Yppt awd Saved 1.iabiYty; Capdosu. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 herco(. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc for a~nvcntence only and are not to be used to
<br />interpret or define the provisions hereof.
<br />11. Notice. t3xcept for any notice required under applicable law ro be given in unother manner, fal any notice to
<br />Bornower provided for m thn Mortgage xhall he gluon by mailing such nonce by certified mail addressed to Borrower at
<br />the Property Addrv sx or at such usher address as Borrower may designate by notice to tender as provided heroin, and
<br />fb3 am twti~ to Lrtcdsr ;haY he gtt-etr tsy c-erttfied mail, rttum receipt rogt~ted, to Lenders address stated herein or to
<br />oxh other ~Irt~ ~ L~tx.,t"'r tray designate by notice to Borrower as prov:dtJ h-rein- Any notice provided for in this
<br />Mortgage shall l+e deemed to have been given to &xrcwaer or Lender whin given in the manner designated herein.
<br />13. Uatiors Mertgrtge; Geveraitsg Law; 9everaWky. fitix loon of mortgage rnmbinea uniform covenants far national
<br />else and txxt-uniform covenants with limited 4arrauons by jurisdiction to constitute a uniform securely instrument covering
<br />oral property- This Mortgage x~a_ll be governed by the law ~,f tirr iuricdictinn in which the Prnntrty is located. Tn the
<br />evert[ brat any provision cK c3sase :~ this Mortgage ur the '.vote conflicts with applicable taw, such rnnliit:t shall no3 affect
<br />°. ~'~r pr~vr„~~., of ihs 'dotes ±s, .._ -..-n :;;ih pan ~ ~v~ F-Bert wtimui t4~ oontlcting kravsi, n, sled to tb
<br />e: ties lvisivtss of thr; M~xtgagc the: 'v=xc are dsi,lart:si to ht .ss~rab~.
<br />If. llarrsae-'s Capt. Burrower shall he furnished a eunfmmed copy of the Notc and of this Mortgage at the time
<br />of executbn or after rccotdatiat hereof.
<br />I'7. Ttiatssta M tM rro/attr: ArswwtpNea. 1f all or any part of the Property or an interest [heroin is sold or transferred
<br />by Borrower without Lrtsder's prior written consent, excluding sal the creation of a lien or encumbrance subordinate to
<br />this Mortgagc. (b) the creation of a purchase money ses:urity interest for household appliances. (cl a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenam or tdt the grant of any leasehold interest of three years or Icsa
<br />twt containing an option to purchase, Lender may. at Lender's opton. declare all the sums secured by this Mortgagc to be
<br />immediately due and papable. Leader shall have watced such upaon ro accelerate if, prior to the sale or transfer, !..ender
<br />and the person to whom the Property is to be mid or transferred reach agreetncnt in writing that the credit of such person
<br />is satisfutory tq Lender and that the intertu payable on the sums secured by this Mortgage shall be at such rare as I.ettder
<br />shall roqutst, It t.errder Isaa waived the option to accelerate provided in this paragraph 17, and iF Bormwer's succeamr in
<br />iwterest has oxacutsd a written assumption agtxxmeta accepted in writing by fender, Lender shall release Borrower from all
<br />obii~ations utsder this iMtmgagt and the Mott.
<br />It Lender exercises such uptian to accekratc, Lender shat! mail Borrower notice of acceleration in accordance with
<br />pare;raTslt t4 hst~f. Such notice shall provi~ a portal of mx Isss than 30 days frcxn the date the troticc is mailed within
<br />which Stxrowu ttuy pay the sutras declarod dot. 11 Borrower fails to pay such sums prior to the expiration of such period,
<br />!.ender may, without further nptict or demoted nn Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nesr.U~tt~ttty f_'ovts?~yt`a, Botrowtr and Lender further covenant and egret as foldows_
<br />1N. tom: RaoedMa. Sacept ar provided p prnsgraPls 17 Isertaf, upaw Borrower's braacY of arty covewaat w
<br />a eS Basrtowss Ls Ntis Montt, iwcfatdia; the carenanls !o pay whew doe aav sntm weed by,thkt 149er~s,
<br />Lsd~ pdrt to assaluratNaw sYrB went! works to ]loarawer as ptavided iw paea{rapA lA hereof specUYiaLe (li the brwch:
<br />~ Ms sepses rgMNri ~ owls sled OteatlK t]! a date, wet hen [Yaw 3t1 days frowt tAe date tits notice d wsailed to Dorrowsr,
<br />f!! rslkit +aatit Inwci awrst let errath, and N) e~ taYwre to onus k tsrsacY a- or Delano Nee data ttpecUeti to the aatke
<br />easy tootle ~ aessirsvliars sl Nee sstttas esctsssd bt ~ Mks, torsdosa+rs Yy jwdisial proesedl.tt< awd sale of Nss Pr.spsrty.
<br />i1w aaeiss slwM i4stQar Mt[orss latroast d ebs right to relwstats seer txcdentiiwn sad the rfgM1 to atrerf p the fttrecloaare
<br />poacaadlR{ p-a wersaitlrrKe d r dshdt ar twy other detewrt of ^arawsr to rceskratfon sad tortrciaswe. 1f tee 6reacA
<br />fr awl eass~ ost as Gafasa Net dap: specYied ~ fire wotice, IJeader +q I.sades'a ttpNaw may declare ~ at the stsa~ secwrsd by
<br />Ale MiattrttNe N 6e iraseditdsiy drte and paYsiis wBltoat fsrrpter dsaaawd and woe} lareciase by Jwdkid proceedias. i.swdsr
<br />aBs~M lla stttpttlad W ca~eet a• aatclt yaocssdittg ail eaptatka d taseclasare, 1L. 4W ant Nrsdtsd ta, costs .at dacawsewtary
<br />esidtraes, alYtlrttal+t tread Nds rapeaC,
<br />1~ ~ ~ ~ Rte. `J;,CwitteStatrdittg s..st3~r'x ati~.tleratit*r: crf tl-.e utr:s stcu:ed by this tortgage,
<br />titer sLl t~va t~ right tq leave arty pro4€~ir~r, hcgtn t+} I ~ttdtr t~ ts?ft±rcc thtx Mortgage dis+<*nttnucd ~t any t,ntt
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