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<br />$2-=- OC~4397 <br />Leader's written agttxtnent or applcablt law. Borrower shall pay the amount of al] mortgage insurance premiums in the <br />manner providstl under paragraph 2 hereof. <br />Atry amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional <br />indebtedrtess of Burrower secured by this Mortgage. Unlaxs Borrower and Lender agree to other terms of payment, such <br />acnarnts shall 6e payable upon notice from !.ender to Borrower requesting payment thereof. and shall bear interest from the <br />date of disburaemens at the rate payable from time to time an outstanding principal under the Note unless payment of <br />interest at Stich rate would 6e contrary to appfieabte law, in which event such amounts shall bear interest at rho highest rate <br />permissible-suedes applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take <br />airy action hereunder. <br />$. iwryectlas. Lender may stroke nr cause to be made reasonalsle entries upon and insprxtivns of the Property, provided <br />thst Leteder shall give Borrower notice prior tv any such inspection specifying reasonable cause therefor related to Lender's <br />infereat in ihr Property. - <br />4. Coedemmtloa. The procceds of any award or claim for dtrmsees, direct yr consequential, in connection with any <br />candetnnstion or other taking of the Property, or part thereof. nr for conveyance in lieu of condemnation, are hereby assigned <br />and shaA be paid to Lender: <br />In the event of a total taking of the Property. the proceeds shalt be applied to the sums secured by this Mortgage. <br />with the excess. if any, paid to Bnrrvwer. In the event of a partial taking of r#re Property. untess Borrower and Lender <br />otherwise agree in writing, there sha{l be applied to the sums secured t+y this Mortgage such proportion of the proceeds <br />as is equal !o that prnport{vn which the amount of the sums secured by this Afnrtgage immediately prior to the date of <br />taking bears tv the fair market value of the Prvpem• immediateh prior ro the date of taking, with the balance of the proceeds <br />paid to Borrower. <br />1f the Property is abatrdonal by Borrower. or if, after natiu by i_ender m Borrower that the candetitttor offers to make <br />an award or xttk a claim fur damages, Borrower fail. to respond to Lender within 3Q days after the date such notitx is <br />mailed, ixrtdet is authorized to collect arid apply the pra:reds, at Letxitt's option, either to restoration ar repair of the <br />Property or to the sums secured by this Mortgage. <br />Untess t.etsdet and Borrower otherwise agree in wr{tinq. any such application of proceeds to principal shall not extend <br />nr postpone the drx date of the ttinnthly instaltmems referred to in paragraphs {and ?hereof yr change the amount of <br />such inatallntettta. <br />f9. Borrower :Vat Rtelerei. Extension of the trmr fr*r payment ur mvdificativn of arttortization of the sums secttrrd <br />by this Mortgage granted by Leader to any successor cr. tntere~t of Borrevxr shall not eperare to release. in any manner. <br />the liability of the original 8orrawer and Btsrmwer'e s+rccessnrs in interest tinder shall vot he required to commence <br />praeeedin~s agairtrt arch sta:crunr yr rofusr tri extrnd umr fir payment ar utherw~se mud{fy amortization of the Burns <br />sentry by this Mortgage by rcasrxt of any demarsd made Fv the original Aottvwcr and A..+rrnwrr`s successors in interest. <br />11. FarMaraaeo Yp [.aadsr !fiat a Wdvrr. .4ny far#xaranaY hr t ender in rxerctsing am~ right ur tetrredy herctmder, or <br />otherwise aHartkd by applicable law. shall txu he a west+°er u[ or prrc{ude the ecercisr of anv su.h ri@ht or remedp. <br />The prormrtmrnt of insurattat yr the paymrot of taxay or :+ther Peens cv chart[es t+y I.endct .halt not be a waiver of Lender's <br />ri$1tt to xalrrate the maturity of the indrhtedtttcs secured hs thts Mortgage. <br />ti Rtr~sa CaatttMlre. 412 rcmedtes pmvtded rn this Mortgage arc distinct anal cumulative to any other right or <br />retttedv utrdet this Mortgage or allarded by law nr rywrv. and may fee rsucrsed +tuscurrrntty, indrpetrdendy or succesaivety, <br />13. Ssceeasors arts Asijos Eoassdt latest read SrserY t.iabilitr: C'aptinwa. the covenants and agreements heroin <br />contained shalt bind.-and the rights herourrclrr shalt enure tv, tttc rrstacct+ve uxcrsx+us and assigm of t.mdet and Borrower. <br />subject tv the provisions of paragraph #7 hereof All covrnann and agteementx of &xrvwrr shall be joint and several. <br />The captions and hetuiittgs of the paragraphs of :his ~4nrigagr art far cz*nvenrernc +.nty and arc not tv he used to <br />interpret or tle8ne the provisinnx nerrof. <br />I#. Ngire. P.xcrpt tar any rnstiw regerircd under applia'al+lr law t.e be gtvm m arte>thrr manner, sal avv tr+stitt to <br />Hnrrovarr ptavukd far in this Mortgage sftatt be grvcn by maitirsg vurh n.wcc tsy Yet+fied mail addressed ra 8vrrower at <br />the Property Address +x at such +xtrrr address as &?rruwrr tray deiignsir by nciliac tt• I.e!rdrr as prmided herein, and <br />fb) any ttoti+.Y io 1.en+ler shall br glum l±v ceniSc+t matt, return rrer+pt rryrrestrd. rct t cadet's addrrn stated herein nr fa <br />such other a+Mress as Lender mar dcsignatc by ntxicc to Borrower as pnrtdaf herein. .4nY nntitt provided for in this <br />Martgtrgr ahaA trr deemed ro have hem grvcn to Bortrswrr v f ruder when geven in the manner designated ttercfv. <br />t5. Lniforts M;os~aget Goressfira 1.asv: SrretsshYBY. Rtes t++rm of trturigagc .+vmiutm uniform covenants far national <br />use and rten-uniform covennnta with limited varrahot» by utrtsd:ct~sn iv camntutr a uniform srcunty instrument covering <br />teat property. This Mart;agr Shari tix gnvcrrtrd by the law +~E stet surisdidt+xt en which ehc Property ix located. In the <br />evmi that any provision ar clause of this Mart$age .u the Ncuc cvnlltcts with applicable law, such conflict shag oat affect <br />other }srssvrsiarts of this Mortgage nr the `tort >t~hKh can hC grvcn ctlsxt withatu the amfliaKmg provision. and to this <br />end the provisirms of [he Mortgages and the ~i++te art declatesf hs t+r xveraJfle. <br />ir. lassewds fa*y. Borrower shat sec furmxhrd a .++nfurmrd +sps of the Nair artd of this Mortgage at the titer <br />vt exceution nr after rav relation tsereo(. <br />1T. 'iltptEes et sAe frttytsst7rt tf art ur anv part of the Pttsperty +it an an#etrst theroin is sold ar tratssfetred <br />by 8vrn~rr witltiwz Lrnstar's pritsr writers ~v+r~¢nt. ra.lttditis sal ihr vrrsrtivo of a lien or entumbram.'r subartiinata to <br />this Mortgage, fb1 ehe crcatson of a purchase rnanry vrsuriey ~niccest for hausehvid appliances, k) a transfer by devise, <br />rlmcatt or by .speratiaat of taw upon the death o< a Iavtnt tenant .rids the grant of anv leasehold interrai of thm yeah or loses <br />not containi4g an tsptitm to purcltaae, Lttstkr tnay. ai fender's ery+tsassr, dec}are all the soma secured by this Mortgage to be <br />iavnadirto{y due and payable. t.rttdrr shag have wstvtxt such optraat to accelerate if, prior to the Bak or tnmfer, Lender <br />and Hte ptxsoa m+vham the Ptsjperty is ea be xohf or trartxferrtd rcarh agtrrttsettt in writing that rho orcdit.af stxh petstm <br />is satisfacftsty #0 lsrscler attd tfta# the itttetesi payable vn tht xurrts secured lty tftis 1slvrtgtige shal# hr a# arteh rate as Lrndv <br />ahaB tngtteat. It t.tatdet has waived the option to a+'c'rkrare provided in this pnagnph lT, sod if Barrowet's suareasor in <br />ittteteat Fs:9 exttt:ute+1 a wTiBOO srtasmptiatr ttgrrraaax ac+.'ttpted in writing lsp Letidor. tender shall rtsease Borrower Pratt aB <br />abiigazions uodor Hsi Altutgsrga toad else Noce. <br />If LetNkt raercaos such option to axxdera#r„ Lets+kr shall mail Bvnawrt trotter of ac+xkratioa in acasrdanco with <br />parripapls l4 isetaat. ~ tr+xice sl~l prav+Hle a prruvl at reset less than ]0 days from the date the tttsiice is mailed within <br />which BosrasrM troy PaY tiro Batas daiared due, If Bairawu `ails to pay such xetrris prictt ro the rxpintism of such period, <br />sander ttsay, wititoW ftuHser trance or dranand v+s Bwtaw'er, >nvoke arsY remedies permrtted by ptuagraph 1B hereof. <br />lYat-t.[lxu+arrsr CAvEr~+resa, Sorrawc€ and !.antler furthest rnvenam arsd alprrr as f~+liowa; <br />lf. Kaairsaftasa ttsrarsllaa. listmpt m }rsviied to 1T harts!, tyrtu 1lorsssrrrs irsaslt ~ say covataM oft <br />14s!a~taar ut ihie. iax~ttiiag Bte eoweataMa to iPaY .rYat doe as~a ttssra srewral hY thh Aforirpge, <br />iatitAar gdal sat ae,rarlt~l~ r4R trot calk: Ea tleraasr~ as gstsri/ad m partit$raPit 10 rostra! specitY~G it) tha lrearcM: <br />C+~mMr aalfes w earn sestets baaaeMe IJl a sYtb sat leas Hrots 3g d~ €rers for dear tM aatke to ttasike ro Hassswar+ <br />It) sdiaR ~ lluaa~ Mat -a rttta# tart! f41 Boa fatltuc to avw arar4 boar! as m ttadore rho elate spar i ` rv the rsalkc <br />aatif rgltN is aaailaraltaa~ of i-a tMS ttormd elf Mies Mwlp~gas tttractaatane MY laikW t wd ?~ ," rise !'totPartY• <br />'t#R 1a~sYt iftitti 1~IdMe lsfTtlaes tgasnrara oif Yte rlgM to reiattWe ther ~ sad rho t#giq ro asaats m tAe faroriatarra <br />HMt ~ at a ±Rgit~gM or arq sB,ar Aelnoa st Rarrasrtr ~ screkrt~tsa tool [atseloatira, If tht hrtraeY <br />N trot-ltMa~ as ariMfltN~a !rtes tfitla-slratl$r!d its fAt aoHrea. i.ttida al (.oagar's apSlaa stay AaC1Yt aB ~ fhe irnaes atetsrod Ut <br />11N1 ]l~lt~ la lK 61MartlWlb' ~lte #itM1 ltaprtlM wleMoW ltsrlltet dawatM aai tgaY totacWsa YY j!Sifcitt! Prar+odiu$. l.•ratlar <br />sAsi ha sisllltlo~ b ast~sel la aaelt lrraca+ilitiM ant +aIB+M of lartxYaatre, isetstllttg, t+itt tstN IiasYed to. costa at daetwroastu^y <br />s«iiaa+dq aitaratlals stet Ytla nieatNa. <br />!~ -'~ittnataoa9 the 1$aiRahTh ?+tArvtUtt~anslirK Lender`s aCtrta'rtn~n :sf tnr gums Bra°uted trx this 1+irntgaltr, <br />~ Bgvet#ai~t a+ hrtss» ~ t.eguss by l.e»~s tv ant+~c thts Mxutgsgs di~~urewer! at auy umr <br />