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<br />79- ~U4354
<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 this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Bo rower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Bormwer requesting payment thereof, and shall bear interest from the
<br />date of disbursement at [he rate payable from time ?o time an outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in .vhich event such amounts shall bear interest at the high: s[ rate
<br />permissible under applicable law•. Northing rnntained in tFS paragraph 7 shall require Lender to incur any expense or take
<br />any action bereunder.
<br />g. Iam}+ec[foa. Lender may make or cause to be mare reasonable entries upon and inspections of the Propert}•, provided
<br />that Lender shall give Borrower nMice prior ±o any such 'nspec[ion specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. CondemssMon. The practeds of any award or claim for damages, direct or consequential, in connection with any
<br />rondemnation or other taking of iht Property, or part thereof, ar for conveyance in {feu of condemnation, are hereby assigtted
<br />and shall be paid to Lettder.
<br />In the event of a total taking of the Property. the prxeeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Harrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree m writing, there shall be applied to the sums severed by this Mortgage such proportion of the proceeds
<br />as is equal [n chat proportion which the amount of the sums secured by this Martga¢e immediately prior to the date of
<br />taking bears to the fair market value of the Property immediatey prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower, ar if, after notice be Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apple the proceeds, at Lender's option. either to rastoratian or repair of the
<br />Properly or to the sums secured by this Mortgage.
<br />Unkss Linder and Borrower athetwis.-. sgree in writing, an}• such application of proceeds is principal shall not extend
<br />or postpone the dui date of the monthly installments referred to in paragraphs !and 2 hereof ar change the amount of
<br />such installments.
<br />I®- Ro ...__, Wit 13 -_____~„~ttna ~t ~ t„~ "'° f:r t,ae, Rni i i ..~: a'i'<iatiin ac a.~nn °' r ,a - auc.rn nc'°"..urcd
<br />by this Mortgage granted by Lenderman}• succtssor in interest of Borrower shall net operate~to release in any manner,
<br />the tiabi3ity of the original Borrower and Battower s successors in interest. Lender shat] net be required to commence
<br />proceedings against such steccessor er refuse to attend time far payment or othen.•ise modify amartizatian of the sums
<br />seared by this Mortgage by reason of any demand made by the anginal Harrower and Borrowers successors in interest.
<br />II. Forhearaaee b~ Leader 1Not a Wsia'er. Any forbearance 6}• Lender in exercising any righ*, or remedy hereunder, or
<br />oiltawisr afforded 6y appl'ecablt law•, shalt not be ~a waiver of or preclude the ectrcise of any such right or remedy.
<br />the procurement of instuattce or the pay~tncnt of taxes ar ether liens ar charges by Lender shalt not be a waiver of Lendei s
<br />r'-taht w accelerate the maturity of the indebtedness sr~curcd by this lfartgage.
<br />22. 3fteteed'es C~aLtive. All rmxdies provided in [his Mortgage am distinct and cumulative to any otber right or
<br />remaiy under this Mortgage ar adordod he iaw• ar equity, and may be exercised concurrenth~, independeniip or successively.
<br />i3. Seeeerws attd Astiges Eoaode Ioint sad Srver>l Liabilhc; Captions. The covenants and sgroertttnts iserein
<br />matained shag hind. arsd the rights hereunder shall inure to. the respective success.~rs and assigns of I.ecdtr and Borrower.
<br />sttbjxt to the provisimu of paragraph 17 rureaf. -All covenants and agreements of Bo:-raw~er shall be join*. and several.
<br />The captitszs and headings of the paragmpfis of this Mortgage are far coavenietu•e anh• and sre net to be used to
<br />interpret ~ dime the provisions fxreaf.
<br />14. ?Notice, ExxKp[ for anp twtire rtquired under applicable law to he given in another manner, tor) any notitt to
<br />Borrower providrd for in dsis Mortgage shall be given by mailing such notice by xttiHed mail addressed to Borlaw•er at
<br />the Pn+perh• Address ar at such cxhrr address as Harrower may designate by notitt to Lender as provided herein, and
<br />fb) nay naasS to Lrnder shall bt given by ce.:ified mail, mum m-eipt requested. to Lenders address stated herein or to
<br />weir other address as Lender may dtsi¢natc by nattce to Bormwer as provided herein- Any native provided for in this
<br />Mortgagt steal? ise deemed to have bt n given to 8arraw•er tsr Lender wl?rn given in the mantter designated heron.
<br />I5. t?aiforo Mortp~c Goversieg Law; Severah8'th. This form a€ mortgage combines uniform .avenants for national
<br />u$ and Wen-uai#ortn covtxtants w•iih Limited variatiatts by jursdiciian to carsatitute a uniform steursi:~ instrument courting
<br />scat P't'oMrl?'. This Mortgage shall be goktrntd by the law of the jurisdiction in wlr~h the Property is located. In the
<br />event that any provision or clause of Isis Mortgage ar the Nato conflicts with applicable law, such conflict shag not affect
<br />other previa~ss of this Martgnge ar the Nate which can be eiven tf€ect without the canflictittg provision, and 20 this
<br />trsd the ptoxisioas of thx Mortgage art! *'" \ott nre d~.lared to be setr:ablo.
<br />Ii. lorrowvc Capp. Br»zower shall be furnished a can armed copy of the Note and of this Mortgage at the tirx
<br />of eaxu[ian w after rtcordation herexf.
<br />I7. 7tattdv of tle ptept3; ,iswmptioa, If al[ at any part a# tht Property ar an interest therein a sold or transferred
<br />by Borrtsw+er without Lender's prior written .-assent, excluding tat the ~txati<:a of a lien ar mcumbrnace subordinate to
<br />this >ldortgage, tb) the caeaticsn of n purchase minty sa-urity interest tar hauutseld appIisnces, (c) a trattsfer by devae.
<br />de~etst ar by operation of law upon tix death of a joint Imam ar idt the grant of any leasehold interest of [hret yenrs or less
<br />aoa rnatainsltS m option to pu[chaae, Lersdrr may, ai Lrndtr's np[ian. declare asst 2,`ic stems secured by this Mortgage [o be
<br />immediately due and pryahia Lender shall have waived such option to aa-ekrate if, Friar to **-he sale or transftr. Lender
<br />attd rite ptracnt to whom the p;or^+erty a to br se 3d or transftr_+xd reach i;g*tetnen=, in writing that the cr2dii of such person
<br />is sa4lsdacYOrV m Leader attd chat t:x interest pa}able on tht sums secured by this \#ortgaee shall be at such rate as Lender
<br />rdsaH regttaat u Leader has waived the opri~ to acctkrate provided in this paragraph 17, and if Btsrrowei s succesas in
<br />~ has eae.-uted a written statmptitan agreement aaxored in writing by Leader, Linder sha'.1 releast Borrower from all
<br />under this taiortsage and rtes Nate.
<br />If Leodu tzeacises stitch option to accakraic, Lender shall mail Bortower notice of acceltratiorr in accordance with
<br />parsgtapi6 ]4 heron#_ Sttt~ sauce shall pra+itk a pct•sod of tsar less than 30 days from the date the rrotice is mailed within
<br />whzh Hsuraver ttup peg tYtc stints deviated due. It Borrower folk to pay such sums prior m tht expiration of such ptriod,
<br />L Wray. aitiout further notice or dtasnod an Borrower. invoke any retaedies permitud by paragraph 78 hereof.
<br />Nox-Utvtrnt[st Cwexarets. Barrorr+tr and Irnder furttser covtnant atsd agree as follows:
<br />IL Arsrsteeatls<K >ier~. Fseept r provided io paragraph 17 hereof, epm lorrower't breach of aey anveaaet or
<br />+[ lorrewv i ~ - hte> Iht ceveaaatt ~ paY erhea ~ asy teas acr~aed by t~
<br />teeter peiee N atoettazs~sa ial satA dice la foarower a protfded ~ pragraph 14 Yrroai specHyhsg: #II the hretach;
<br />(A ~ trdiaa ts+~alarl fa ~ sach htesch; [?) a doe, net rem ttas 3tt ors fine the date the aetkr § asa8rd ~ Barrown,
<br />iS ehfci sst! bleach nttrt Ibe e'eae$ asd (4) Oat fsiitae to ere atach 6eeaeb w rsr before the date ~ the attNke
<br />tatq ntaalt Ia audoatlaa of the teas accred by this Ma'$+~ forecia4rt hY prsetedhrg sad ode of tie Ptnpertf.
<br />'ilse atrtfee abort farNr afro >iersarwei d ~ right to teiwte after acrdsradoa asd the tight to assert in the foreclomte
<br />ptaaedit~ the aer~tieare of a deftatit ar mt# ether deitata ed 1lrrewer to aers4eratloa sad €aredmarc. [f the breach
<br />h eat cooed ore ~ !cite t!e t#aRe ttp~di ~ ~e ae~c, Leader at Leadds eptite asap declare ~ ~ the coins tecursd by
<br />wr ~. he htoeiYreg• doe sad palette wlt3oa! farther iettoad aed ~ foreclnte by je~cisi proceednsg. Leader
<br />abet lie eaYtled to select a,.eti ptasae~ag sa e:peaaea et lore, iarhtifeg, hat nor Iieited to, tom of docaorcatuy
<br />eetieste, aiebaNt sad ghee aeparY.
<br />!!- iiglfrt Y Natwii}tstanding Lender's aceekration of the sums secured by this Mortgage.
<br />Btsrrawer shall hrtve the r3~[t ~ have any proceedings begun by Ltndtr to ettfortt tfiis Mortgage discontinued at any time
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