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<br />- Leader'; wrttren'agreemeraor applicable iaw. .Borrower skald paythe amount of all martgageinsurncepremiums in the
<br />iraasnzr pre ided under :paragraph Z`hertoE
<br />yry amount; disbursed by Ltader pursuant to this paragraph 7, with iattresY enereon. ;'.tall.' become addRicnat
<br />ndeh.edness of 8or-,awtr sccared 'ay this Mortgage Lnless'Borrewerand Lender agree roa,her rams or pav;nenr.. ;u:h
<br />_, ~ arounis shalt ',e oay,ble upon notice from Lenderto 8a .,w.zr requesting pa}:ment thtreof,and aka 1 ';ear ~^reres from she
<br />'eta o€ d5sburstment a::herate payable .rrom Lime to ,the on outstanding principal under ~- Vc:e unless na•,'inent of
<br />_ tnterest at such rate waul¢ be.ontrary to applicable law, in tchich tvent such amounts shalt brat ,merest '.t the highest rate
<br />permiribk under applicable Iasv Voi3ting contained to thisparagraph` sbatlrequire Lender toincur any expense er take
<br />any anion hereunder
<br />" 8. ItaspecHow. I andtr ntav makror cause «0 6t made reasonable entries uoanand inspections of the Property. pees ided
<br />that Lender shall glue Borower notice-.prior to dry such insoectian specifying reasonable cause therefor related to Lender's
<br />interest in the Property:
<br />9. Crttdastnation• 7.1te proceets of any award or claim. for damaczs. direct ar consegtientiai, in donnection .s ith and
<br />cendemnatien orarher ial-ing of tht Property, or part thereof. ar for conveeance'in lieu of condemnation; are herehv assi¢rzd
<br />and ,bait tY paid to-Lender.
<br />In the tent of a ,oral takme of the Property, the proceeds shall tie applied to the sums secured by this ~4ortg:~~e.
<br />xith ;tie excess, if ens a,.id ro Harrower. In the event of a nanial tawinC of the.1'roperr}. unless Borrower snd Lender
<br />atlserwise a¢ree in wT tne::hr.^e shelf `te applied to tht sums srcured'b~• this `Mortgage .tch proportion ~ f the ~ cd~
<br />as ;s equal. to that , ropostion .vhtch the amount of the xnms eecured" by this lictt~agt m:-•,tdi^cely prior to -he _+ate of
<br />taking Sears to ahe~ fair market velar of the Prope.=a-'immediateiy prier to the date of zakrng. ~ti ith the balance o: the pro-reeds
<br />paid to Borrower
<br />If the Propery is abandoned by Borrower or if. aster notice by Ltader to Borrower ,bar the condemnor atfers to make
<br />an award: or strtlr a claim for damages; 8orrawer tails to rrsaord to Lender µ•thitt 30 dots after the date such notice is
<br />mailed. Ltrsdtr is authorized to srotlecr and apply the proceeds, at Lender's opricn. either to restoraxion or tepairof the
<br />Propem•'or to the: sums stcurtd by this Mottgage.
<br />Unless Lender and Barsosvtr arherwise agree in •xrting. env such application of proceeds to nrircipal shall not extend
<br />or postpone the dtte dare of She monthly instatlmeats referred to in paragraphs i and '_ hereof or change the amount of
<br />..ouch rssraliments,
<br />i0- `~rrea°°r ;dot Re)e~td. Eirmsion of :he time .or payment or mediRcation of amortization if the st:ms srctirrd
<br />by This lsfortgage granted by Lender tq any. succrsor in inrertst of Borrower. shall hat aperate to release, in env manner.
<br />the Iiabilitsr of the arfginal Borrower and 8armver's successors in interest, Lender shaft hat bt re4uired to commence
<br />prneeetfings agaitsu stub sst¢essor or :refuse to eicitnd ti+rtr for payment or ashenvise modif}• amortization of the-sums
<br />soured Ity this htorrgage by reason of env demand madz ~y the oriziral Borrower and Borrower's successors in' interest.
<br />11. Ferisaraaee b7 Lwttkr grit a Waiver, Any farbearanrc by Lender in exercising any. right or remedy hereunder, cr
<br />~thrtwise affaaxltd Sv applicable 'aw. shall hat ht a waiver of nr oreclttde the `exorcist of any such right. or remedy-
<br />l'he Procurement of insursece o~ t!t~pa5therl•-~It razes or ether. Liens ar c}aargts by Lender xhail not to a waiver of Lender's '
<br />tght to acsderara r}fe maru`rify.af tbt ~, de'ht2ditess secured Sy this 1?ortgage.
<br />12. Reeeetia Ciatl~e•' {~{ ra~aravidrd :n this i4ottgage arc distinct and cumulative to :any other right ar
<br />rcmtedv undgr,~tis K~S pL~ bj or equity, and may lee rrercised cttncurrtntfy; rode
<br />13, S~eeeiw~ artd pendently or succcssivety:
<br />awn Ewriad: Ioier tied Sevt+al t.hb7lty; Captdotss. The covenants and 'agmmtnrs herein
<br />cantuned sha8 bind- artd she rights hereutt~r shall inure to: the rt:spectitt 3ttccessors and assigns of Lender and Borrower.
<br />sultjtet to the prov°ia°3 of paragraph +7 hereof. A;1 covenants and: agFrements of $arrewer shall Fx joint and several.
<br />77te captions artd hddinp of Site pata`raphs of zhis l~fortgage err: for convenirnae only nrsd tiro" not to be used -o
<br />interprn of define the provisions hereof:
<br />Ya. Votdee, Exctpt far any ttaice required under applicable iaw td be given in another manner, sal any notice to
<br />Borrewtr provided for in thisLlartga;e sltal! be girth by mailing StFC1t ~Otict by certified mail addressed to Borrower at
<br />the Property Address or ai sorb ether address as Bortnwer may dtstgnaa 6y ncatce to ;Lender as provided "herein. and
<br />!b) any not:er to Lender shall Se given by ,:ertifled snail, r'tivm receipt requested.:o Lender's address stated herein er to
<br />such other addtets as I,rader may designate by notice to 1lprrow~tr as provided .herein. .4oy notice .provided fqr in this
<br />Mart~e shall lle deemed to flout beer given to Borrower ar Lender when grvtn irs the manner designated herein.
<br />11. Gnifortw ;4feef;aRs; Gorerttie~.Law; ~vth~h, pia farm of tnortgaga combines urrifarm covenants for national
<br />use and eon-unifotn cmrcnanta with fitnitrti variations by jarisdictton to comtttute a uniform security. insaumenf covering
<br />seal property. •I'itis ~forigare shall be govertstd by the law.gf the jurisdiction in which the Frapettyis located... in the
<br />event that nnp provision arclaitse a+f skis M1fottgafe ar the ~laac contlirts with applicab(e law. such conflict shall not at{eM '
<br />otfier provisions of this Stortgage ar the Mott which can be gtvea effect without the conflitting prnvisian, and. so this
<br />end the Provitiions'of the ~farsgagzt artd the `art :src dcc?ared ra be severable.
<br />t~. ~wsswe~s CWt+• borrower shat! lee furnished a canfamxd ropy of the title and of this Sfortgage at the tirnc
<br />of taerut~rt or after :xrardati»tt hereof»
<br />17. finieefer of tfie ~tapertlr; ~e• if adl or any pars of the Property or an ~atercstthercin is sold or transferred
<br />by borr»wer withOUt Ltttder's prior written coeestnt axrltxiin$ ~>> the creation of a lien aT encumbrance subordinate to
<br />this Motzpage, tb) rht rteatton of a purchase motxy securit}' merest for lwtrseltoid app?iances. !c7 a transfer by devise.
<br />descant or by epentitln of law upon the death of a joint reheat cx 'dt the grant of any leaxhold ntettst of three years or lean
<br />rent :ortainins an optlrnt to ~ uncEtrae, Lrtoder may at Lender`w option, declare all. th¢ stuns secured b his Mo
<br />immediately dot and parable. Cetader shall here waived ouch Y. ~ rtgagt [o oc
<br />and the person to wham the Propertvrsto be sold o: traasfrrred rereach agreemtntsin .vntmg tbarCht ertdit of sftrhLender
<br />is satisfy:ton to Ltnucr and ;hat ::te iatereatpayablc an the sums seruredlry this:'.~lortgage shall St at such rate"as pendc~r
<br />shalt request. if i_ender has waivtx+ t>~ option to aaelerateprovided intftis paragraph:i7, and if $orrower's:successorin
<br />interest hu executed a writfea assarmptwn agzetmtttt accepted in writing by Lender. Lrndtr"shall release 8orower from a:l
<br />oblijations under this ~iont;agc and the NoSt.
<br />Tf Lender e:,rz:ises sxh ~ptior. to acccletrate. Lender sitald nail Borrower native of acceleration in aecardance with
<br />pars;raph Is `.±e:eof. Such nutlet shalt provide a period of not less than 30 days from ihcdatc the notice is`mailed within
<br />w,'ric?t Aarmwer may ray the sLLrna det;ared: due. lt`.Borrower €ails >o gaysttcls sums; prior-to the expiratdn of such ptriad.
<br />Lender rosy, without funher notice or dunand an Horrawcr, .invoke any remedies ptrmsz!tdfy pazagraph' ? 3 hereof.
<br />~icu:-[, YtFOitia Covev~vrs. borra~rter aril Lertdtr further: r:ovenant and egret"asfollaws:
<br />11. Accdtratioe: Remedies. Facsot..ys ptovidedln psralpapit I7 taereof, upoaBarrowcr'sbrcach otany cnvenantor
<br />a4rieereiertt of Sorros+er en this ~torlyagt, inetedie~ !be rnvenants fa pay whtndac ear .sums secured by this ~igrttrayte.
<br />12I )~~actiw to ~~~~ ~~ m~ mace to ~$orrowtr as ptav'lded in rsarzagrtiph it hereof. spaltvirry: f 11 fete brexh:
<br />required to care arch b+riach: t7} + date,nat lea. tfiae 30-dsystr~tn the date thenollre is mailed to $otrowcr,
<br />Icy rrleit- secfi bench meat be cured; and t31 that tsiiert rocurt sncfi breach an or bofore the: date specfserl ;r. the notice
<br />tea}' rnstk ro ucrelerstioa of the sut+u secured by this vfptit~e. farcebsure S.:udicia! procetdirtq artd salt. of the Praperlr..
<br />Ibe nurleY stttrll fvtiter isdortw borrower of the right to rtittatait titter acceleration and the righdto assert"la the forrcln..ure
<br />prscedieg ttu awe-ezime.e o[ a drfau7t or an. othsr dtfiA~ of Borrower to accritratliaa aAd fortrl~att, if the:.breatM
<br />is rot cstred ne or brrfore t6a Axle sltecifitd in the trotice, Lettder at Ler,Aer's utwirto :nay declareaB of ihtsums secured by
<br />Uit Norsr~ eo tx 'emmeQbttly due and pa}able wiil>.~at furitter demand and ma} foreclast by': judklat practediayl,:. Lttpdcr
<br />rtsaf3 be cetkted to Lvt{ra i» st+.h proeerding ill expettres of fyrrdosare. irtcirritia4, bat tint limited to, costs of dt,enmeatar;
<br />c.ldewce, abttrtlCts acid [irk tcprtrp,
<br />I~• brrtn.n's Rigfif b Releatatt `W~~ xititsta 4in,~ Cendtrs a~ -ir-~, c~a of tFr_- sums. srcartd by :his ?.forigav~a:..
<br />(3,irrc~aer st,a,: harm :he riyf!tt :n ha c 3np , rcticcdrogs ,cgt,er r+y~ t.endtrta cr i_r~e c`ra 3tortgagc
<br />„iseantinit d :.: any time
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