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<br />79- ~!!~38U <br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the <br />manner provided under paragraph 2 hereof. <br />Any amounts disbursed by Lender pursuant to [his paragraph T, with interest thereon, shall become addiGenal <br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such <br />amounts shall be payable upon notice from Lender to Sorrow'rr requesting payment thereof. and shall bear interest from She <br />date of disbursement at the rate payable fmm time to time on outstanding principal under the Note unless payment of <br />interest at such rate would fie contrary io applicable law, in which event such amounts shall bear interest at the highest rate <br />perxnisstble under applicable law. Nothing contained in this paragraph 7 shalt require fender to incur any expense or take <br />any action hereunder. <br />fi. fmspectioe. Lender may make er cause to be made reasonable entries upon and inspections of the Property, provided <br />That Lender shall give Borrower notice prior fo any such inspection specifying reasonable cause therefor related to Lender's <br />interest in the Property. <br />9. Coedemnation. The proceeds of anc award ar claim for damages, direct or consequential, in connection with any <br />condemnation or other taking of the Property, or part [hereof, or for com•eyance in lieu of rnndemnation. are hereby assigned <br />u,. po. ", <br />In the evens of a total taking :+f the Praprrt}, the proceeds shall be applied to the sums secured by this Mortgage. <br />with the eucss, if any, paid to Borrower. in the even[ of a partial taking of [he Property, unless Borrower and Lender <br />otherwise agree in writing, there shall be applied tx: the sums secnreci by this btortgaee such proportion of the proceeds <br />as is equal to that proportica which the amount of the soma cecttred by this fartgage immediatel}' prier ro [he dace of <br />taking bean to the fair market value of the Propem• immediately prior to fhe date of taking, with the balance of the proceeds <br />paid to Borrower. <br />1f the Property is abandoned by Borrower. or if, after notice he Lender to Borrower that the condemnor offers to make <br />an award ar sertle a claim for damages, Borrower fails to respond to i.ender wahia 3p dais after the date such Holier is <br />mai}ed, Lender is authorized to collect and apply the proceeds, at Lender's option. either to restoration or repair of [Is. <br />PmpenY or to the sums secured by th'ss Mortgage. <br />Unless Lender and Borrower othrru-isr agree in writing, env such application of pr,cecds to principal shad not extend <br />or postpone the due date of the monthly installments referred tx, in paragraph: ! and ' hemof or change the amount of <br />such instal#tnea*s. <br />tt iicrcasBU. i:stension of the rime for pa,~mrst ++r miM9ifi:ati,,n of amortization of the sums aerated <br />by this Mortgage granted by Lender to am• successor in intrrest of BoROwer shall not operate to re tease. in any manner, <br />ttse 6abilin• of the original Borrower and Borrower's succesa,n m interest i ender chap not Fye required to commence <br />proceedings against such successor ar refuse to extend tame for paxmrni or ,therwi,e midifi' amortization of thr sums <br />st~.urtd by this Mortgage b}' reason of anc demand made hi- the original Borrower and Borrower's naccessos in interest. <br />11. Frsrbtaz~aaee 6c Itnder :Not s Waiver. Am' forbearan;e h+' f.rndr,- in rver:acini am~ riche nr remedy hereunder, or <br />otherwise afforded by applicable law. shall oat he a waiver of or pre;iude the estrcisr of env such right or remedy. <br />71st procurertrent of insurance or the payrryent of laces or Mhrr liens or charces by Lrnder shall not hr a waiver of Lender's <br />aigfii to axekrate the maturity of the indet+tednecs secured h+ thic 1lortgagr <br />12. Reasedies C~raltdire. .All remedies provided in ~^is Martga~ are ,iisrinct and ;umutativr to any other right or <br />remedy under this Mortgage or afforded by law ,,r equitx~.: ,d rna,,~ hr r+ercicrd ;nncurrently, sndependently nr successiveh'. <br />l3, 5aecessaa aad Ashes Bonod; loin[ sod SrxrraI I3abelit}; Cnptioos° The covenants and agreements herein <br />cotsiaiotd shall bind. and the rights Ixreurader shat] inure to, the respects.-r suc.'rcc.,rc and assigns of I-ender and Borrower, <br />subirct to the provi_siorts of paragraph 7T herer,f. 411 covenants and agreements of Borrower shalt br io;nt and several. <br />71st captions artd headings of the paragraph; of this !lforteaee are for converirnce .>n?~ and err n:•t tc+ he t:sed ro <br />interpret ar define the provisions 'htrnf. <br />Ii. `Notice. Eu~epi for any tsntict rrq:+ired under applicable law to I+e given in another manner. ia` am• notice to <br />Borrow=er provided for sn xhis Mnrtgagr shalt he gsvrn ha- mailing such nctscr bx ccrt;fird mail addre±..ed to Aorroxxrr at <br />the FnpetYy' Address or at such other address as Borrower mav_ designate ht notice =,+ Lendz•r as prnrided herein. and <br />i7yl any natice to Letaier shall he gars h~~ cenifud mail. return rece+pt rrquestrd, to I enikr'. address stand herein or to <br />stub aat}aer address as L.rndrr may rltaigraste h'•, n.ti;e to Rorr[+wrr r r-ravsdrd herein. 4sr n:,,-'Y: pre*rtded tree in this <br />Mnrtgagt shall be deemed i. beer tx:rn gsvrn to Borrower or I ender when g:+en in the manner sir+:.nsttd herein <br />15° Utriforte Moet~age; GosrrnieR G.s: Se.erabilits. T?ric form ++f martgaer :c*mhines atsiftyrt'^ . ~vtnsnts for natiaaal <br />t>,x and non-anit.,rtn c~r-,asts w;th limited varsatK'ns h_c tnriuisction io constinste a unsfomy serunty instrurncat ;revering <br />teal propem•. This Mx,ngage shall be y--+yxcrryrd by the saw .>f the iir~c,3i~nnn :n whi:fi thz Prs;±tn+ :c tiat,~+ [n the <br />e4~..t that -•-s•^- ~la.,t ;,, , ,,. Mo ;gage -- s:. ~:;• e con°-..c i=,h appli;di,tr ;a•. such ;ono:c~ s;yail n=vt affect <br />tether prev.tio±as cf tt:is Mortgage cr the tint: whs.3ylcan i+r six-rn et~c.t wittlou.t the cosfti:brag pr.>+:ciin. and k+ this <br />ery$ the pr;.+x•isiaas i+f 3lse ktctr?gagc -and thc~ t.>te are 3r-i-sred ;:~ t>e ieerraf+?r. <br />i6. Bars~o.efs Copy. B.'ttri+wrr chsit he Earn:+hed s :.,ref:>rmed :.+p+ ,,! t^:° \.,te an.? ++f ch:. '•l.,rYgagr at the tame <br />of tat`.rttan , r after srardarion htzr,~f <br />17. T'raefftt of fie 1l4opexty: -\vsnmptine- It alt ,+r one p;rt .,t rhr Pr.*prrx ,.r z., :ntrrrst thrrr~n i< ;,old +'~ transfrrrtd <br />bi- Bttrrtwxr wrtha:=.i I.rryc3c;°s pre.-r written ....,rm r+;?uding :.,~ ttx :rraiinn .~f s~i .. ..,r en.'umt+ran,e wh;,rd,natr <br />tars ).i;arxgare sh'• the :..^tats, ^ .: ~ p.-v r; hzx• m.mr+ v'i +:r isx ,ntrss-s,t f,•r h.,crK h,a.,i a; ni~xn: r~ .., traa.ler h+ derisr <br />des.-cnt ea be yi^~.'{,'iatii n ca tow u'jk,s r6az ,iesth ,+i , acne tenant rr i~ r the grant of and lrxsthald ;rstrres; n€ three ecars ur Its <br />ac*! ~-+tytaining ar, .aptrrt-. t.s ,chest t.r~drr rnaa at ! r;adr. ~. . sls .. ;F, um+ s:^ .. - '4,: rtga; I+e <br />rmrxrexiaatlx d,ae and pax-- +~ I. ~radr• •,^.al~ r,~xe u_.+r.i su;n pt:o„ '.. ,r;,el„err - „. .,Ee•n ansfer` i.endrr <br />3n;: the pe t,.r- t ; Ki;t,tx; the fP ,.~••, t; t hr ,0,3 ~ r t s-ate-•rrd eras t> ae:error^: , r ,^g~*na. ,.,t : rr;~: ,•r ,u,h pet^sor <br />is saiisfa`=on totI 4^dri ~+yd !~~ '?r tote e+ n , ah{e .+n the c;•*+t. x•:ured hi :hi,. '~I .-te.,~e .F - 'k' _: >~ ,h .asr ~+ I ender <br />sha%7 reutxsr if 1 e:arr has wa:vea aye ; p nwte .+,:elrrate nrnvydrd in ha, psrag.apr. ;^ a*k `: &:,rn,wer•. ss.cesscr ,n <br />anttrtsi ha;. te~atrd a w*,>;t-r a>as~:-,-ue^ afr~rrrst a:.crptc:.7 in xr:?ir;e h•: I.eaitr- ter,.lc_- ~.'yats rzi€a-t Br'-°c,.+er trym a?l <br />of~igatsxnt utxirt rhos \lcttxgaRt aad tiyr tiate - - <br />ff I-grr scr Tu:cssts scab +3 :; t+ sc; etas sec. i ea,ler :hall mat': Borr.,u:r nor~.e •t _;:elrrat~:.^ ~ m„:,~rvantc ..nth <br />i%ar7i,Rrr,;ah '.. ?arrooi Su~~-h ,^.t.:.:c +~haii tyre*x-,dt :: prri.kf ,,f not less. than ?0 :tae-. fr,,.n rh: date the rni,'c s+maiicd wirh~n <br />+eiytcl+ AS"rrts-:.r:.._ac- ias the s°:zar,- ~.t~ ed dui ti Borrower te.I, ~., pa} is -..,,m , -.- i,_: the =apt-n? r: - ~. #, pzn.-,d <br />Lt,+3d!r sou} xs':t4tc-.. -ty~t#~•r 3^r ;; ;:r ,icn;a.„, . n Boer:.»er -r,,..kc n rcn,rd:es pe rn-tae:': nc rar:~t'sph - ~ beer++i <br />'tt»-Uriroaia Cos~~a.+€., A.,r;_ --- -~~+ I~ 3P. furalrrr ,. ,_,.,.,., a.^,d .cgrrc a; ., .:,~.- <br />ilk. Aeceietaffat; Qrraaein. Ettrcpt x pravidrdria paral:raphAt7 brrraf, upon Borrower's breath of tray corenaat ar <br />aefermeet of lYareawr+ is this !-iarftage, inrlyd¢>q~ ebr tyxvrnaats to psi wbea dot ores stns aerated by ibh lfortSt~r. <br />Clatter ptnar to arularatjaa rdwll aaaB oaytire m Btsrrnwer as pmsided is parirRrttph I~ hereof sperifyi~: f!) the breach: <br />(2y ilia tt~ reif+ir+ed Eo raae tar6 breaeit ell a dolt, aat tare than 30 day's from the d,~e the nrtticr >5 tootled to Borrower. <br />by takticis fatit brese6 asrW he tared aad I!} t6st fallarr to care tench bretuh an ar before the dsfe specified in the notice <br />mry r~ ~ ~ ~ t1x rams taeearrd bg' tfsis Hie. foralasare by jtadiriml prxxroediag nn¢ sake of the Properly, <br />"else tactile tdgrl fsrthe- irr[orm ^ett~ver d tie rfgbt is reiastafe after arcektatioa and iht ri~bt to uscrl io the foreclosure <br />greed Ae rinr.e~9enee irf .a ;i#faa# nr env otbtr defeavt of Bryrro.rer to arteleratioo and farectosure. if the breach <br />6 eat card ae or bdox tbt dam ie the tratifa Leader a1 Leotkr's option mar dettare alt of fhe sums secured by <br />fits Maffpr0e to be itemedialely drK sad patabk wabont further dernaesd sad may foreclose by jt+dicisi proceeding. Lrnder <br />tt~ be e>aBtled b eoBetf ~ herb geeteedbq rrtl etpenscs of forrrlousre, indadlrr(;, but not limited to, costs of docnmentsn <br />else, sbatrae~ ttrd ttfie repof~. - <br />i9. ltxvewrY's Bijit to A'imfhit. ?+lotwithstanding Lender's acceleration of the +ums secured by this Mongagr. <br />Borrower shall have the right to have any proc.etdings t~gun h} l.cndez to enl:uce th;s Mortg::te discununucd at 'any time <br />