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<br />I.end....r\ wrHh...n ;tgrc-e-menl or appHctblc Jaw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provIded lllldcr paragmph 2 hereof.
<br />Any amounts diSO\lTscd by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />~ndehtcdnc\'; of Borrower secured by this Mortgage. lJnle.ss Borrower and Lender agree to. other terms of payment. such
<br />amounts s.hall he payable upon notice from Lender to Borrower requesting payment thereof, and snail beat interest-frum- the
<br />date of di<ht",ement at the rate payable from time to lime 0'1 oulStanding principal under the Note unleo... ,payment of
<br />interesl at such ralC would be conlrary 10 applicable law, in which event such amollnts shall beaT interest at the highest rate
<br />permis,i"!e under applicable law, Nothing contained in Ihis paragraph 7 shan require Lender to incur any expense or take
<br />:inv action hereunder.
<br />, 8, Inspection, Lcnder may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />thot Lender ,hall give Borrower nOlice prior to any such inspection specifying reasonable c,u!lethereforrelated to Lender's
<br />mterc<i.t in the Property, .
<br />9. Condemnation. The pr0ceeds l)f anv <lward or claim for dama1!cs. direct or consequential. in connection with any
<br />,:ondernnatinn pr other taking of the Propert);. l'r part thereof. or for c('ln~-eyancc in lieu of condemnation. are hereby assign.ed
<br />lnd shaH t"te pIlid H"l [.ender
<br />In the eVen! r,f a total taking of lhe Property, the proceeds shall be applied to the sums secured by Ihis Mortgal!C:,
<br />v..irh ihe e\eC';" if an\', r;wJ (".' R0frCn,l,,"CL In fhe event (~f J partial taking nf rhe Property, unless Jl;o-rrower and'Lender
<br />\)thcrwi-..c a~rc(" in wrtlin~'. the~ shilll he applied tn- the ~um~ !'ecllred by thi~ Mortgage such proportion of- the proceeds
<br />;is I" cqu;lf ft) !hat prnpr:nlc"n 'shieh ihe amount of the sum<; <;ccured by this Mortgage immediately prior to dw date -of-
<br />taking he:lr" lt~ the fair market \'alue c.f rhe Pn,)f'ertv immediately prlor to the date of taking. with the balance of the proceeds
<br />n"id h, Bn,n".ver
<br />, H tht' Propen\< i" ,lhandoncd hy B0rro\-\/cr. or if. ~lfter notice hv Lender to Borrower that the condemnor offers to make
<br />.!n aW;'1rd or "e-tth:'- ;j ,,'Iaim fn-r dama~es, Borrower fails to (c,\p(Hld'to Lender within 30 days- after the date such notice -is
<br />m3ltc:d. r cndc-r i:, ,1'Hhl'ri~~ed to collect and .1pply the proceeds, at Lt~nder's option, either to re!toration or repair' of: the
<br />Propert\' nr ;,) the \tmh ...t'_~urC'd h\' thi:-. Mt'r!~age
<br />Un!.:s.. J,chler ;md Borrn't\'er 0therwi,r- agree in \'.Titing. any such appHcation of proceeds to principal shan not extend
<br />nr p(\\tpnne the due dale ~)f tne monrhlv installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />\{!ch m<;;!al!ments
<br />to, Borrower Not Rel~-ased. E'\tcnsion of the time for payment or modification of amortization of the sums secured
<br />hy thiS M('rrgage granted hy Lender to any ..u~~eSS(l-r in jntcrc~t of Borrower s.hall not ;,)perate to release. in any manner,
<br />the Iiahiiity ,)1' the l)rigin3! Borrower ..lnd Borrowl'r'~ success-or.:,; in inrerest Lender ~hal1 not be required to commence
<br />o:roct'e~li~f1j:!s ."~fl.~~"f <;J!ch "!lcces.."i.....r ,"f rdu~ tn extend tip1C L.-n pavmt!nt ~'r otherwise. ~odify ;:u~ortjzatjon o~ t~e _ su_~
<br />'-CCUf(;...i :-,y HiE )",,:....'i:!gaF t~\' r;:a.;;.Dn d :lnv d~~n;~l~d rniid~ hv !h!.: _ _ .".. o;Orr{iWer <inG norrt:'wc:t"~ ",'!.i"':;..~'}0 m lfH:'l:u..>a-i.
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<br />It. f'orbrarance by Lender ~.-)t ;I Waiver. ,.\ny fort'l:Carann: I -i 'llJ\.'r in cxercis! 6 any right or remedy hereunder. or
<br />~)thern'l'\c, atfprdcd hy appli("uble L1\l,.. ~hall rIot 1-.::: :'! waiver ;,1; ... prl.~ll1de the exercise of any such right or remedy.
<br />TI\C rr0~ur.:m~nr I-If :nsurancc nr the r,lvment ~lf U'\cs or !lthcr lil"n~ t'f cnar1!C's Iw T_ender ~hal1 not he ~l waiver of Lender's
<br />ri~hf fl' ac....dL'r:\ie !hl? n1J.turl!\' ,,-,t rht' !nJchtedn(;,,~ ..,,'(:llf.:d !w lhi" ~'1l\rq!age'" .
<br />12. Remt'dit"~ {'umulativt>. An rCOlcdie.;, pr{1\"I\Jed :n thi... M,'rtgaec an..' di~tinct ::md cumulative to any other right or
<br />remedy undC'f (hi"- \1~"n~agc t1{ atT,)rdt'd t \' law I'r l',,",uitv, ;10<1 mav h~ L:,er{"'\.i.'d "'lHH.~llrrcntJy, independently or successively.
<br />13. SIK'('c...'SOf3 and ..\,<jiJ:n.. Bound: Joint and St-n:"ral Ijabmt~r: Captions. The covenants and agreements: herein
<br />,"-',"lnt3IOed ...h"tll ht:~d. md the! ighh hcr~Llndcr "hall 1I1t1rc t,\. !he ft'spectl\'C' SllCCCSSO" and assigns {,f Lender and Borrower.
<br />'tubject h..1 lhl..~ pr._wi<;.;oos d p~H'~.?rJph 17 hereof. :\fi C(1\'(;nant" and agre-ements of Borrower shaH be jnint and several.
<br />The ;;aptl~~n.. ,md heading"i ,"\t !h.... para~ra['!h" of lhi'j Mi,ngJgt. arc fnr ...l"wenicnce only and are not to be used to
<br />interpret or define the rW\'''lm~' hen:-..f. ' - -
<br />14. ~otict. Fx;.:ept fl'r an\" :1nHCC [i:...!t"r~d undc ,Iprhl.~~~k !a\\ h' be given in am'lther manner. (a) any notice to
<br />Bt)rr;.."wcr pro':, ldcd f,-"\f :n ~~1" ~1.-'rt~iH!.e ..halt !~ l:i\l,.'f1 by madin~ "u.:h n{ltl(:~ hy certified mail addressed to Borrower at
<br />the PT\"lp~rtv -\ddre~s ,)f .It -,ul2.h ;,..tht"'r .iddrc'i' .l; Bl'lfftm'Cr rn;t\~ de~li"natc !'Iv notice to f _ender as rro\'ided herein. and
<br />in} an~ f;0fi(-(' to Lender ",h:.1l he ~!n.TI hv ,,-:cftlnr.d m;tiL return iC...t:'1f'lf requested. [0 Lender", address. stated herein or to
<br />o;uch \.~tht:r ;\Jdr~-",... .IS I _cf!der ma\ d{,"I~r1atc h\ rH,til.'(' \~-\ Ih'f,t'\.\'cr as prt"J.v:dc-d hert:in. .'\oy notice provided for in this.
<br />M("itg;,~C 'ih~,i: he ..i.:\.'rned h" !-'t;t\c ~\..n ~l\cn to Horn)wcr (If I cnder \~,:he-n g-i\'cn 1n the manner designated herein.
<br />15. t:nifurm :\1ongagto; (~o"emine. taw; ~H~f1tbiljC_\,. rhl"l fNfTI of mortgag~ C\Hnhines uniform (ovenant"i for natio~al
<br />use and IH.."'fHlillftlrm I.'.....\-enanh ,,,i!h linHh:d \,Jfl~lflnn:s f1V !uri..,iH':fiIHl h11...'(lnSlilUt<: a un.form securiiY instrument CQvenng
<br />real prl'per!\ rh.. \h1rq!-\g:r "h.111 Pe ~l\....~rfled D\ the- Ll\'Io III fhe lun~diCtlon in which the Property is locat~. In the
<br />es\"nt lh.:1t ;m~ PhW\\I..'fl I'f ..:1.Hl'C ..-,r" thh ~1t'\.rti!J~t: ,'r the '\;Ptt' i.:dnllll.:h H ith Jpplic<!hle law. such conflict shall not affect
<br />,",ther pr['\ ',\It)O'' t'f tni'<. M,)ngj~c \,r the ;";Ph.. ~ hl('h \.":!ll 1'1..'- ~.~Iven dfc..:t \vtlh('\.tlt the conflicting proyis.ion. and to this
<br />~nd the rftlVI,i..ln:- (\f lhe \-fl.__-,rtl!a2~ ,md the 't'h.' Jre d("....Llr~d t" be "oe.verablt:
<br />16~ Borro~e-r~s C()P~" B~rr~\;."'~f ,h~lH be fUifil,hed a ,,"'llh\ffllen ...'opy of the Note ~md of this Mortgage at the time
<br />i,.1f e-x~\.--util'l'i I.'r .-drt."r rc\.",'rd-alton here\~f.
<br />17. 'rntlbfer of tbe Propert~; Assumplion. If J;li \'r af1~ ~';tn tl[ fhe Property or an intcrest therein is sold or transferred
<br />t">." [k,;;,.;;,-.;-;' ;~.i:h..>i.i;: LtmJci'~ pr Ilil ~\ ilHt:11 .. "ll~l:fl~, C ,\( ilJlJlll~ ld i iiil' l,. n:.ti:;f'll t-,j ,1 l;(:H "'-'1 i3it\:t,.iiiibi'ni1":C :i'i..bordin.....te
<br /> to
<br />lhls M(\rtg..ige. i,~) the \.'rcath'n i.1f ,l pur.::ha..;.e fllf'm:" 'l..'l.:urilv - !!ltcrC\t i'(lf ht\llSt.'!:hold appliances. (c) a transfer by devise.
<br />d~('n{ ,'r by t"l-pt"r.HIOn .."\f la'\\o lIJhl-f1 the death l,t ;\ l\lil1t h:-nanl ,If j ,b -' lln.I>H 'f itM. \TTlIi'- I~ lAtlnl' If "'fl9 JUT'll ar IV1
<br />)" JJ1niR. f'J A f'- . r l..r' ! tnde! mal' ;.it l.ender.. '-'PWif"I. dedHre all (he :'ium~ secured ~y this Mortgage to be
<br />lmmt:'ll!.dtei\: due .il'1d payal:ole l.enda "hali ha\c \\;!j\.cd "-th:h l1pllOn II' .h:.:..'e}erate: If. prior to the ').ale Of transfer, Lender
<br />..md the pc'~\'n ;,"'\. whc;m the Prllf~crt\' j... :~) 0(' ,tild t)f !I"An~t(,f!l"J n:adl ,lgrct.'ment In writing thai the credit of ~uch person
<br />1'\ 'Siilostal.'to;-\ :t\ I_cn.leI ,1:nu tn.il the lnt~r(>l pJ.)abh; on lhe ,t:rn... "'l.."\:UICJ ny' thb Mortgage ...hall be at such rate as Lender
<br />"hall re\fut'"~t If I e'lli~1 ha~ \"'alv~d fhe \'ption in .H.>..:e-klctte prl,....iJeJ In thi~ paragraph 11', and if Borrower"s successor in
<br />mtef~t hii~ t''\e,ut~J a .....nHen ,ISSUmplh)f! .lgre-em,;,;nt al.;;:erteJ ~f! \~ri!lflg hy ! .t"nder, Lender shalt release Borrowe:r from all
<br />obhga.t:ons L!oJ~r tht\ Mortgage and the: Note
<br />H Lender e\I:."r..-i~~... "d...h \'r1i,('Il h' a,,;\,,':der~Hc, Lcnd(~f "h,i;l l1tad BpfH1wt:r noti-.:l' ..\1' ;H..~\..deration lfl ;l("c(\rdance with
<br />para-graph :..4. :'t'r~..d' Such Pi'ti'.,:~ ,ha11 r1f,-'vide ,I ref/oJ pf n,'; ~t'::'o" 1h<111 ;0 ..Ll~" fn..1fH the date the noli!.:\: is mailed within
<br />'AhKh B.-'Ho-\olo-ef may ~'..i) the "lHn~ dt:dalt:ll due. If BOrrl\\\C"; f..lih !,; p."i\ ..;u~"h "'\Im~ prl,lr h' the c~pira,ion t)1 'iuch pcrind.
<br />Le-nJcr m~!'. \\ithoUl (lJrtht:i !!ullc-c or dt.'mand ;;'11 HorH'\\~f. 'n\.~...c >-Hl~ fcm~dles P't.'-lll1IUcd hy paragraph IS her~of,
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<br />~)-N..UNH.O~l".i Cn\-'f~~;"..lo;;. Bon..)-\l-'~~ d.ud I t"nJt'! :wihcr ",\;\~n,!l!! .\f\l.! ,,~leC' ,n Itl!low.s
<br />II.. A(il'e:~ratioR~ Renwdin. .:l('e-pt a~ provided in py,raatfaph 17 ht:rt'of. upun Borrower'-s bf't!ilch of any coyenaftt or
<br />..nefDtpl fif 8ono"ftt-f in tbb \tonXqlt, induct;... tM ('o'~n~nb to pa)- ",.hen dut' jln~ \UfIb sa'ured by tbis ~1ort&..
<br />I,Attdef prior to at'ce-lHatIoft 1\ha-IJ '''IIi1 nOfKf to Borrowt"" iI!to pft)" idt""d in p.rl&graph 14 hereot \pc-dfy'nl: ~ 1) tbe bnlKh;
<br />III tll<< acl..............., 10 clIR .""h bfflKh: lJI a dale. noli.... Ihan ,'0 da" fruth the dale the nmice Is mailed 10 lIol'l'Ow.,r.
<br />ll) ..hlc:h ....It broad. ...... M "....d; and loll Ihat fail..,. I" ,our< ,..,'h h.ta,'h un 01 bef.... Ih. date specllled in Ihe ....tI<<
<br />taa..) res..... in ll(:(:eleratkm of th<t: ""un...... ~<<<Uf.-d b,. fhA \1fUI)tIi&(" rO'Ci."o~ur~ b} judidal VfUft'flliRK and s.>>k of th~ Property.
<br />-nil. cw&kt' ~H furthe, f..rtMm Bouo,,"er o( lh-t richt In rrffl-~hde aftot"f 1t('\:d-eraUoft and tht- ril(ht h) il-'tM'rI in tbe foredos.ure
<br />pI"~ Uw At:m......u.uMt' u-I )I, dtf.ull or ap, Hlttef f~feRK Hf Bnn-ower to a~(C'h,"nttion and furedui!JuR'., If th. breach
<br />u II&tfI nanG ..a Uf bt-fUh the datt' 'tpe4.,itMd in thf' nutH:~. '-('atiltt at Lt'ndtr'~ uptton nUl) d,,~\'hi,r" aU uf ttlt" ~um." SK"uR'd by
<br />.ht. ,torte... 10 tw intA~"1C"h d~ .ad ,..,abk ~ittwmt furthu Mlfl-.nd and tfUi) ftJr-rdon b\ ludicia! p.-u..'C'fliina. I tl1Mr
<br />dwalt be- t'JtJkted ft.. 4 \~1k~t in -\~~n pnx:~;;'~~.ilk aU t'llpt"u....''I;. ul fundu....ure, indudine, tmt nt)i Ihn~1t'd tn. ,'o~b "r rlo,,'um('ntaf~
<br />,H.~t', .ha..:h ~-ttfl titk f"pUn,.,
<br />19_ Ronnw~t".,; It~~~ _~~ M:-!!~!t~'" "..~t'~jth...l_-Uld,!-,~' ! 1"1"\;.'.-' ."Hn ~,-',_lJfi,'d b\ lhi, \1lqj~Jgc
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