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79-- ~' i 1 ~~ f~1 ~i'7 <br />Ixnde~'t -.soften agreement cr ipphc~abk law f3nrrower shall pay the amount ~~f x+11 mnngagc tn~,ur;rce p!emiu~ms ;n the <br />manner prevtdrd under paragraph 2 hcreof- <br />Any amounts disburxd by Lender pursuant w this paragraph 7, u,th merest thereon, shall trccarnx addttwnal <br />indebtedness of Borrower secured by this Mort~zee. Unless Borrower seta under agree to other terms .'f payment, such <br />amounts shall he payable upon notice from Lender to 8orrowrr regtrtsting payment thereof. and shall hear interest from the <br />date o/ disbursemrnt at the rife payable from time to time on outstanding principal under the Noce unless payment of <br />interest at such rate would be conlnyp~ to applicable law, in which event such amounts shall hear interest at the highest rate <br />permiasibk utttier applicable law. othing contained in this paragraph 7 shall require Lertder to incur any expettx or take <br />any action hereunder. <br />•. 1~yeeNr. Lender may make or caux to be made reasonable entries upon and inspections of the Property, provided <br />that Lender shall give 1lorrowcr notice prior to any such inspection specifying reasonable cwse therefor related to [ ender's <br />~ntrrest in the Property. <br />9. CetatbttsttttaMra. The prnrecds of any award or claim for damages. direct or consequential, in connection with any <br />catdemnaticm or other taking n1 the Property, or part thereof, or for conveyance in lieu of contiemnatioa. are htrchy assigned <br />and shall he paid to Lender. <br />In the event of a total taking of the Property, the prsx~eeds shall be applie.: to the sums securer) Les this Mortgage. <br />with the excess. if any, paid to Borrower In the event of a partial taking of the Progeny, unless Borrower and Leader <br />aherwix agree in writing. there shall be applied to the sums erected by this Mortgage such proportion of the proceeds <br />as is equal to that proportion which the amount of the sums secured by this Mortgage immcdiat:Ty prior to the date d <br />taking bear: to the fair market vdue of the Property immediately prior to the Jate of taking. with the balance of the proceeds <br />paid to Borrower. <br />Tf the Propsrtv is abattdorted by Borrower, or if, after notice try Lender to Borrower that the condemnor tslfen to ttoake <br />an award or settle a claim for damages, Bonanver tails to respond to Lender within 30 days shoe the date such notice is <br />mailed, Leader is atrthoritttd to collect and apply the proceeds, at Tender's option, either to restoretioe or repair o[ tae <br />Property or to the sums secured by this Mortgage. <br />Unless I_ettder and Borrower ixhenrix agree to writing, any such application of proceeds to prirtcepal ahaN rain extend <br />a postpon the due dart of the taaonihty itWallmatta referred to in paragraphs 1 and 2 hereof a change cite amount d <br />ouch iretalltatents. <br />11. ttssaower 1Wt Releeaad. Fattenaion of the time for payment or trwditkation of atraortirstion of the sttse ractaai <br />by this Mortgage granted by [.ender to any successor in interest of Borrower shah not operate to repar, in any rtaataaar. <br />the liability of the original tlorrottler and Borrower's attccessors ir. interest. [staticr shah not be rcgtaired to cownagoe <br />proceeding ttgairM such successor a roftax to extend tine for p.ymettt « aherwtx modity antartitation of the tttatr <br />aecueed by thh Mortgitgs by mason of any demand roads by the origiral lorrtnrer and Borrowers tatuceeaora in 4ttrsa. <br />tl. 1-orMasarKy ti I.seiar iVat • 71tti-tr, Any forbearance by l.etvJsr in exercising any right or rsrraedy tttaresrader, tx <br />otherwise al~orded by applicable law, ahaN not be a waiver of or preclude the exercise of any snclt right a naeeiy. <br />The procurearertt taf ~ataratsa tx the payment of taxes or other !loin or charge by Larder shah not be a waiver of [.estdar'a <br />tight to rcaxkrtate the maturity of the i~ encored by this Mortgage. <br />l2 ltearaias CaamdaMae. AN retaedies provided in this Mortgage are diuirtct and etaetutittive a am alter right a <br />remedy under this Mortgage or aRarded by Mw or equity. and may be exercised concurttrntty, irtdependantly or succeadveiy. <br />13. >!•eawas tttd Atha grail Jittit alai tteaaeri tJahign Csgir. 7Tte covenants and rgroensaeb hsrein <br />oonttutaad ahsN bind, and the ri~trn httretuaier shall inure to, the respective ataccataors and aaeigrr of L.eeder and iortoarar, <br />subject to the provisions o[ paragraph 17 hereof. Ali covenants and agreements of Burrower alts!! be joint std several. <br />The caption rod heading d the paragraphs of this Mortgage art for convenience only and arc not to ha teed to <br />inkrprct or dellne the provisions hssreof. <br />t4. 1•Iake. Except for any notice required tinder applicable law to be gluon in another ttaanner. (a) any notice to <br />Borrower provided for to this Mortgage aMN be given M mailing such rtoltsx by certitkd mail addrteasad to Borrower u <br />the Property Address or at such other address as llorrowcr may designate 6y notice to L_etder as provided herein, and <br />fb) soy rmtire to Lenakr shall he gluon by certi(kd mail, rctum receipt requested. to Lender's addrees stated herein or a <br />wdt rxittr atldrtns u Lstslcr may by notice to [foreseer as prosided hereto. Any taotlaa providsst far in this <br />Mortgage stall be dteescd to Rave beat given tr Bartsswtt tx Leader wlxrt girt^. ir: the Manner desigrtattd herein <br />tg. [)ulforta M~ Gesesttig I.ew: 3eveaettrty. This form of roortgagr combines uniform covesaawta for aahe~al <br />flee end non•taniforrtt covenants with Imtittd variaticwta by luriadtctwn to cottatitute a tmtform secunty ittMRrnent eamtag <br />rest property Thin Mortgage shall be gmrrrted by the lea of the )uriadicttan to which the Property a toed- Tn the <br />evrtt due env provesen or rlastes d this Mortgage nr the Nose confluta with applicable law. accts ~~K sttai opt eltarer <br />other provrsions of this Mcxtgtgs ax the Notc which can bt grvcn effect withatu the ccxtflirtittg pn.vwgn. and to this <br />Eifd she p:ox:t:iora of the Martgtage arts! the ttiott are dccla.-ad tr br stvCralsSt. <br />tf. tlaess+eer'a Copy= ®csrtxrwer dtait !se tumtshed a eon[ortrted ropy of the Nos and sTt flue Mortgage at the time <br />of eaacution or after teccxdatioat Itsroof. <br />17. Trasfw of des PtMaaly: ArrtpYn4 If all w any pert of the Prolanty or an trtterest ttterem le add or transferrod <br />bT' Wrruwer wNAostt Lender's prior written usnaent, exrltrding iat the creatfae of a !fora or rttcvntbrattw tttrlsardpsaar to <br />Mies Ma!gage, flsl else crntron of r putrhax tttaxrty aecunty tnteteat for Itoteels>td apptiartcea. tot a trttnlsr by douses. <br />deseettl ar b? operation of law apart the Jgth c>< a juror tenant ar (dl the grant tJ env ksstshold [merest of throe yeah ax lest <br />not containtty an option to purchase, !.ender may, at l trader's uptson. declare all the toms sttcured by the Mortgage to be <br />tetrareslrately due and psysble !.ender shall have waived such optuxr to areeMatt tf prior m the sale or tvarrafer lstrder <br />and the person to whom the Property is to bt aoW ax transferred Werth agreement to wrntttg eMt the email d writ pesaart <br />is ertidtttory w tender sad that the iMernt payable on the sums sacred by the Maxtgsge dull be at web rate a Lessiw <br />shall request. If t anier Isar watvad the nptrnn to rsrekrrte provided to the paragraph 17 ataJ tf ~axrarwsr's stscrwsx in <br />iettnat has exaa-uasJ • written asaun.ptton agreement accepted to wrutng M l etsdsr t coda shah release Sorruwer from aN <br />oMlpttau under this Mortgage and the Nutt <br />If Lwtuier surasxa such .+pt tat.[ lu scaler rte. LetsJer +hall mail &xtuwer rxxae td aa. skrattna to r.aurdanre welt <br />parasraph !a harsasf Ssa:h nacre shall pmnde a period :tf txw leas tMn W days fnxrt the date the atxtce s mated wiMin <br />wtttth $urruwu may psy the soma dsclrrad due- ![ Horrawu tails to pay clash sterol prt+s w tas eapirtwoa ut ttttsA perio4 <br />t/tdrr ttttay, withettt hrrMar satin a dttaared on tlorrvsrtt, rataoke gray rvardir pttarMMd by pvyrgh t t hweatf. <br />1Vpet_~hriseatu CYwerrrrr~rg SnrR+IrRr and l.ttrdtr fttftlter ttvv'rntlr!4 ass! tg!!e es fcatkten~ <br />tL AteiraYss; ltneNlaa. t6teapt r gtroviied V gaa{rgA t7 htttrttst, ~ (lorrower'e Itreech M aey ewe~eatt « <br />spsaraat et brrawer its title IMe~aga, haeleilaM Mss ersvarasMn M gry whew Itw star stow tttaettlrai b Mrla Mirlgttp. <br />!case guar M naaMnY~ iM ~ taogre M hewaaer r gnvliai r gta+grapA It hwee! •eeMyYrgt II- Mw hswht <br />(ZT tart trtlir lei r ttw [rah bereft 4N • ire, nM ter tW M iQa !rats Mr ieM Mesa taealrs Y ttnMai b Mraewer, <br />b wtiea tttitti looses ter w stroll tttN f,N Mrs flies as aawt tttaN ttitwa M er tttttaae tea tttr. ~~ r flee ~e <br />tit n.t.ie is ateealarelb~ of tae .r.. ttrreral ti Mti Maw taaeere»n b Miiew p.teetig ttM trY at tea Pse*arq. <br />'I1a..aas,hall ttteMt.tr htttatna !.mgrs et Mw ~ to t+daeere atgr att.tesare. ad tit elpt a asset Y a» t..attl..taro <br />gwaaiag rte w+stiK xe d . ialaeh er tsq aMr istaw d Maswwtr w acrMretlee std f.a.dtwe. ^ u. ttaeech <br />Y wt cwt ee rte tuaAae tae lee spsr/ai M Mr tams, LaMar r twMwh eMW ttttay tMelare ti d d» awe attetrei ly <br />tilts Mitnytga hs >K IMeNiMrb teat tteri t~ aithwt !trtfar tlertri trtei rq tetatla.e y 1MleM Prereeif~s. !warier <br />slrlt w atailild M ceratt r• atttrh p«..ahtg ail .atpaaa.. rat feaeclsaere, Yeha+itg. cwt tea MtdNi tw awls of decwsee.ry <br />trNanct, tttatheer art tlr. rgr.at <br />U. Mmwer- RM! w Itrtlalpb. lalawhArtaiad"ety L.ender'- accekrriort of the sums acacurcd by this Mortgage. <br />8attantet shalt love the tight to have soy proceedirtp begtm by l.endtt to enforce this Mortgage discontinued at am nrne <br />