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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums en the
<br />manner pravicied under paragraph 2 lsereof.
<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. TJnless Borrower and Lender agree to other terms of pa}•ment, such
<br />amounts shat: hr payable upon notice from Lender io Borrower requesting payment thereof. and shall hear interest from the
<br />date of disbnrseatent at the rate payable from time to time on outstanding principal under the Note unless i ayment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at ffie highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall req:;ire Lender to incur an}• expense or take
<br />any action hereunder.
<br />8. InsperHon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat! give Borrower notice prior to any such inspection specifying reasonable cause tfierefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or far conveyance in lieu of condemnation, arc hereby assigned
<br />and shall 6r paid to Lender.
<br />Tn the event of a total taking of the Property, the proceeds shall be applied m the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. Ir. the event of a partial taking of the Property. unless Borrawcr and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage sach proportion of the proceeds
<br />as is equal ro that proportion which the amount of the sums sreured by this Mortgage immediatety prior to the date of
<br />taking boors to the fair market value of the Property immediately prior to the date of faking, with the b~lauce of the proceeds
<br />paid to Borrower.
<br />Tf the Property is abandoned by Borrawcr, or if, after notice by i.ender to Aarrawer that the condemnor offers to make
<br />an award nr settle a claim for damages, Borrower fails to n•spand to i..ender within 3t) days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoratian or repair of the
<br />Property ar to the sums secured h}' this Mortgage.
<br />Unless Lender and Aarrawer etherwisr agree in writin¢, any su:h app{i:ation of proceeds m principal shall not rvtend
<br />ar postpone the due date of the monthly installments referred to in paragraphs 1 and Z hereof or change the amount of
<br />sueh installments.
<br />10. Borrower Not Reira<.ed. Extension of the time far payment ar m4+diRcatian of amartiaation of the sums secured
<br />by this Mattgagc granted ~e l.rnder to am' successor in interest of Aorrowrr shall oat operate tc? release. in any manner,
<br />the liability of :'r c~ricinal Bonawer and Berraw•er's surussors in interest. Lender shall nc*t he required to commence
<br />proceedings a~ z:nst such successor ,+. refuse to extend time far payment ar othenvisr rat 3ify amartizatiar. of the sums
<br />secured b_l• this Rtprigage by reason of . dnm_ad _ ~_~ 64- rh.. nl Bare. __ .,.i R;,~ •, ,,,,~~ •trg i.^. ntL °°.!.
<br />l I. Fat'hraranrr by Lauder \(st a Waiver. JAnt' fart+rdrnncr. hV,Lender fn yxercising tiny right~or remedy heretmder, or
<br />otherwise ad`nrded by app'ticablr law, shall not tae a waiver of ~?r preclude the exercise of any such right or remedy.
<br />Thr procurement of insurance ar the payment of taxes or other liens or charges by Lender shall oat be a waiver of Lender's
<br />right to accelerate the maturity afi the indehtedncss secured by this Rtortgage-
<br />!~. Remrdra Camulative. Alt remedies provided in this Mortgage are drstinet and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law ar equity, and may he exercised concurrently, independently or successively.
<br />T3. Surct~rwrs and .Lssitgns Bound; Joint and Several I.iabAity; Captions. 't'he covenants and agreements herein
<br />contained shall) bind, and the rights hereunder shall inure ta, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions ct paragraph 17 hereof. Alt covenants and agreements of Borrower -shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to l+e used to
<br />interpret ar dcnnr the pravisians hereof.
<br />I4f. tiotkc. Except far any notice required under applicable law «+ be given in another manner, fa) any notice to
<br />Aarrawer prai•idrd for in this Mortgage shall be given by mailing such notice by certified mail addressed to Harrower at
<br />the Property .0.ddress or at such othee address as Harrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall tx given by certified mail, rrtum receipt requested. to Lender's address stated herein or to
<br />such other address as Lender mny designate b}• notice to Borrower as provided herein. Any native pravidrd far in this
<br />':.+rtca~r s-`:a'. ~-4Trt= cd ti buje tr~i giverr to iorrower ar i_rndrr when givc>~ in the mar+rrr i~esigrtatrd hatei^.
<br />i~. Uttifornt Mortgage; governing I.aw; Severebsity. This form of mortgage combines uniform cavrnants for national
<br />use and non-unifamr cavrnants with limited variations by jurisdiction to constitute a urriforrn security iustrutnrttt cnv~erina
<br />real property, This M:.rtgagc shall br govrrttrd by the law of the juriedie«4+n iu which th4t Prap_ erty is Iar^tvd. in tht
<br />£vpttt ti:~. - - .. ,. _~inq, ~ al.:. alt~,-e~~ __ _ nc~ 't'{a ;n~i.- - - 3ht - - - ~ a _..
<br />___ _ ,:~ :_... will: r'i•iic_... ia~i`, &~::^ e4=::°3c~ s'~tier ::s,4 a :~.:
<br />other pravisions•of this Mortgage ar the Note which can be given eiTect w'iltsaut She eontiictin>Z nrovisiau, rttt4t tv this
<br />and the provis=t?t:s a sire _ , ;;gage ~tn:t' tie 'tear ate d~'larrd to tar xevreai'ilr. f -
<br />:~, I~~r°s e.~ ~ oe:: ~4vw-rr sitar cn fttrnicitc4i ;t carSTar:netl copy o rise IV ats An4 of ttiic `ter{tirtg]~•€ at tltc ttn!
<br />of execution or after rerorJation hereof.
<br />17. Trans#er of the Property; ri~umption, I!' all ar an} part of the Froprrt} or an tntrrrst thereints sold ar transferred
<br />by Harrow'cr without Lcndcr's prior written c4!nsent. excluding 4ai the Creation of a lien or rneumhrance ruts?rdinatr to
<br />this Morteagr, (b) the creation r+f a purchase mane}• security insrrrst far haasehald appliances. (e) a transfer by devise.
<br />descent ar by oprrarion of law open the death of a joint tenant ar (dl the gram of any Icaschold intcrrat of three ycaes or Ires
<br />oat containing an option tc~ purchase, t_endrr may, at Lender's option, dreiarc all the sums sreured h}' this Mortgage to he
<br />immediately doe and payable- t_rnder shalt have waived such option to accelerate if, pricer to tht salt o; transfer, i_rndrr
<br />and the person to whom the Property is to br sold nr transferred reach agrrrmrnt in writing that the credit ~+t such person
<br />is satisfactazy to i.erdrr and that the interest payable on the slum secured by this Mortgage strap be at such raft a+. Lrndrr
<br />shat! request. if ).ender has waived the option tt? accrlcratr pravidrd in this i*sragraph I~, and if Ao~awee', st:c:s~+r
<br />interest has rxrcttfed a written assumpuan agrrrment accepted in writing by Lender, Lender shall rcita;;e Aorrowrr front ail
<br />ubligatians under this Mcrtgagr and the Nate.
<br />if I.a :der ez, rc.i°°-as .~.n:h optitsa to ar~,:eirrate, t.eadrr shall mail Borrower notice of accekration rn accardattce with
<br />paragraph 11 hrrrat. Such nUti4e shat{ provide a period at oat less [halt 3t) days from the date the noiiFr is mailed within
<br />which Harrower may pay the runts dectarrd due. tf Borrower faits ra pay ,sueh sums prior t4~ the expintinn of sueh perrad,
<br />I.rnder may, without further natter or drman:i on Borrower, invoke any remedies prrnrittrd h} paragraph 18 hereof.
<br />:m,. z-,,tell: #ii=t sy~ i'E P: ~PiiS. Barr[%wlr .;n4t I,cndEr tUrthrr cak'eniint 3ni1 dtTrdk" ~~ tal[arvs:
<br />ltt, .Arcai:r~ttoa; I?cn:edks: E+ts~t ss pmri~J-d iu paragraph I7 hereof, apou ~rrororrr'x brra^h of say rovr`aaa# or
<br />tgtreement of Harrower ip this MortgttRc, iarludiug tht C6YCnams lu pay when due anv sums secured by thbt Mor/gttge,
<br />Lauder prior to accekrat~a shah mall ao#ke to Harrower ~ provided in paragraph 14 hetraf specifying: (It the breach;
<br />(2) the actiaa required !o c-ttt+t tur6 brtacit; i3) a tittle, not ire than 3t1 days from the date true ootlre is mailed to Hnreower,
<br />by which sueh breach must be rated; afsd (4} that failure !o cure such breach o0 or before the date sprcifleA In the rtotkc
<br />ratty result lu acrekratioa of the sums secured 6y this MorigfeAe, forecosure by ,judicial proceeding sad sale of the Property.
<br />The notice ahaU further inform Borrower of the right to teir~tate after arcekratiun and the right to tsssert in the foreclosure
<br />pntcerding the ttoa-e:isteare at a detardt ar any other defense of Borrower to acrekration and torerbawre. If the breath
<br />is aW eared on or before the dale speeif.ed in the rwfiec, bender at bender's opttaa mny dechrre all of the sums secured by
<br />this Mortgage to be immediately due ~d pnyabte without Further demsrtd and tray foreclose 6y judklal prort:ediag. Ixnder
<br />shall bx enitiled to rotlect let arch prortediag a8 expresses of foreclosure, inrludlag, bu! oat timked to, casts of docnmentery
<br />evideeuve, abstraets and dtte reports.
<br />I9. Borrower's night to 1leiestatr. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />Aarrawer shall have the right to have any proroedings begun by Lender ro enforce this Rtartgage discontinued at any time
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