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~ Lender's written agreement or applicable law. Borrower shall pay .he amount of alt mortgage insurance premiums in the <br />~ ~ manner pravided under paragraph 2 hereof. <br />Any amounts disbursed by Lender pursuant to this paragraph ?, with interest thereon, shall become additiorzal <br />:,~ indebtedness of Harrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of pa}'ment, such <br />amwnts shall be payable upon notice fram Lender to Herrewer requesting payment thereof, and shalt bear interest from the <br />;'~; date of disbursement si the rate payable from time to time on outstanding principal under the Note unless payTtient of <br />interest at such rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate <br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take <br />aay aetton hercun~r. <br />8. ficspectFott. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />~ that Linder shall give Borrower notice prier to any such iospzctfon specifying reasanable cause therefor related to L,ender's <br />interest ir, the Property. <br />4. Cc.~,'etta~5on. Tlie practeds of an}' award ar claim far damages. direct er consequential, in connection with any <br />condemnation ar other faking of the Property, er part thereof. ar far conveyance in lieu of condemnation, are hereby assigned <br />end shall be paid to Ltnder. <br />In the event of a rota] taking of the Praptrty, the proceeds shall be applied to the sums secured by this Tiortgage. <br />with the excess, if any, paid to Harrower. In the event of a partial taking of the Pmpertv. unless Barrewer and Lender <br />otherwise agree in writing, there shall be applied to Ehe sums xcurzd by this A#ortgagt such proportion of the proceeds <br />• as is equal to rhai proportion which the amrnmt of the sums secured by this '.iorigage immediately prior to the date of <br />taking beats to the fair market value of the Propem• imriediate}y prior to the date of taking, with the balance of the proceeds <br />paid to Horrawer. <br />If the Property is abandoned by Borrower, ar if, after notice b}, Lender to Harrower that ibc condemner offers to make <br />an award or settle a claim for damages, Borrower fails to respond to tender within 30 daps alter the date such notice is <br />mailed, Lender is auiharired to rnllect and apply the proceeds, at Lender c option, either [o restoration ar repair of the <br />Propem• ar *.a the sums se:~tired by this Mortgage. <br />Unless Lender and Harrower otherwise agree in writing, any such application of pracce3s is principal shall not extend <br />ar postpone the due date of the monthly installments refl..*red to in paragraphs i and ? hereof ar change the amount of <br />su:.h instaLmenis- <br />IiF. Borrows Not Recessed. `.xtensien ai the time far ps}Trtent ar mr+dificatien of amortization of ilia sums secured <br />by this Mortgage granted by Lender to any suecessor in inttrest of Borrower shall not aperatt to releasz, in anv manner, <br />,t,. t;a~r;~. nt ~_ .uie;.,~t ~ ~r ~n,i nnr,~.~,P.<< :, -nr .~ect 1_rn~ier ch_ali oat }+s reauirtd to ~rommrncr <br />prot-eed'mgs againsY~such successor or rcfiux to ectend~time'for ps}'mrnt or otherwise modify amortization of the sums <br />secured by this Mortgage by reason o€ any demand madz l+} the original Harrower sod Borrower's successors in interest. <br />FI. Fosisarame ~ Letatls Nat a Waiver. Any forhearan.-e h} Lender in exercising any right er remedy hereunder, or <br />otlaetv'ise afforded by applicable lave. shalt oat he a w°siver of or preclude the exercise of any such right or remed}•. <br />TY.e procturmcnt of imuranae ar the pa}'ttxnt of razes ar o;he: liens er charges by Lender shalt not be a waiver of Lender's <br />tigitt to aoc'~eittate ilia tnaIUriry of the indebtedness secarrd by chic hfortgage. <br />12. Remesffies C®alatlve. All remedies pravided in this Morgagt are ^~stinct and cumutativt to any oilier right ar <br />nt,-nec-ty under Yhis Mortgage or afforded by lace or equity, and mar be txerised coticurrrnily, indepcttdentl}' ar successively. <br />c3. 5areessors aa~d Assigns Botatsd; 3o~t and Sev-cal 13abaFty: Captloas. 7ht covenants and agrexments herein <br />coatairied shalE bind, and the righu hercutidzr s};all inure to, the tespectivc su,cess~?rs and assigns of Lencitr and A~*~•-~~ <br />strhjcet ie :lxc pixvisians of paragraph 1? hereof. .411 covenants and agmments of Harrower shall be ]Dint ~..d several, <br />'!hc captitws and hraediags of the paragraphs of this Mortgage are for canvrnitrtt ant}' sod .are oat io tic used to <br />inierpart ra• defuse the provisions hereof. <br />1~. IVatite. Etceept for any testis tcwuired under appla-abk taw ;o bt given in another ttsanntr. ia1 any notice to <br />Bonsoaver pravided for in this Mtrtgage shall be given by mailing such Hauer ?+} ctrtifitd mail addressed to Borrower at <br />2Lir Property Address ar at stn-h other address as Harrower may dssignatr b}' nati~t to Linder as prrnidxd herein, and <br />i{;} ant tiatire to Ittstier shah he given b}' cettif~d mail, return rxeipt requecttd. to l ender s address stated herein ar to <br />sari other addtnst as i..etxkr may dcsignat~ b}~ nati-r to tiarmwer as proc~titd htr_in. Anp Hari,-,e provided for in this <br />Morrgslee shat: be deemed to have bcen given to ilarrawtr ar I.rndcr ruhrr, given in the martxr designated herein. <br />13. Ua#ora Mortgtp~ C,avaaitsg Lan•: $evsah8iit. T?iis form of mortgage cambitus unsfarm covenants far natianai <br />use and Han-uniform a?vtnants wish limited va*satians M' rurisdiction to consntute a uniforan st:-ur>~ instrutsient :rovtrng <br />zeal properly. This Mortgage shat, ?+t gatrtui hr thz Saw of the jurisdiv_*ian in which tlx Pn~peny is lacsted. Fn the <br />tutor iha€ any provision ar clause of this Mortgage nr the lore con3i:IS with applicabk law, stx.h ev?tidict shat] oat atTeet <br />other prarisi`atis of this Mortgage nr the Natr which can lee e,vrn r3e:-t without €ht :onAiaing provision. and to this <br />raid iI~ proviee~ps of iltt Manaage amt the 'V;xt arc tixlarcd to he severable. <br />2£. Bsar"s^.apt. l~~ shall t+t fu: tt.sl~ a cytifot:tcv-d e^p]' o{ ti.>r ?~Irtr ara ^f th'ss !Ria*tgage at the bins <br />of ezuutian or afro rxardatioes herttsf. <br />li. 7ratrfer ed the Aepectt; Asssimption. if all or an}~ pair of the Property or an ime.*esx therein is Bald ar transferred <br />by Bnrravsxr Rithaut Ltoder's priori wtinzn :titiscat, cttcltiditag tat the cnarian of a lien ar txscumbrance subordinate to <br />tltis Mortgage. tTsl the araticm of a purchase m my security iatertst i<~r haetseltald applianzs, ice a transfer by drove. <br />desetnt ar b}' operation of law upesn the death of a joint tcnaat of tdt alit groat c_* ales leate<ttold intntcs# of thrix }•ears ar less <br />riot ctmtaasing an option to ptirctsase, Irntk~r may, nt Ltntitr's option, dtcla."e s13 the sums srxittd by this Sfortgage io be <br />iisttteatiateiq due grid Isara!>`e, i-endts stroll hat•r wate~i ,it,.h zpri-.n to a,-t-elerate if, pti.~r to the sale ar transfer. Lender <br />and the perswi to vvhpttt ilia Property is to Ise sold ar ttansfcrttd rtarlt agrtetncnt in wtittng that the credit of such person <br />is satisfacstx}' io Irnier arsd that rite iritetat payabk on the sums srct;2d by this Mortgage shall t+e at such rate as Leader <br />ih~li t't F# Lclidrr ~r-ais;~ ~.c Dior e.; a.a--,zlrr=tr prar;dzd i,-: tl::> ~raa a~: t?, atxi if :a?r€owtr's s~c_'~r in <br />iniertsf has csKUtsd a acrititsi aasttzn_ptian agreettxnt a.,oepitd in w°riting by Lztsder. Lxndcr shall rckase Harrower fram a1S <br />obligations under this Rat+ttgagt assts ins li>Er. <br />If Lr,,>t~r eaerciaes such .?ptian io acxkraze, Len.ier shall mail Bo~ower notice of acrekrauon in accotdanu with <br />paragraph i4 hertsof_ Sault aotitx shall provide a period of tint tzar titan 30 days from the date she Harass ma$td within <br />vrhich r array pay tip st~sss dxlatr33 thac_ tf Borrower fails *o pay such ruins prior tx~ the ttpitauan of such period. <br />Linder tstay, vritiiaau furtlra notice ar dtrtsand nn Btitowu, invalc an}~ rmscdies permined by paragraph i g hzrtof. <br />33at:-Isxit~oau C~venea'ts. Barrosvrr attd i_etstiez furtter rnvzaant attd agra as fellovrs: <br />Il A.mieaatiar, Re>•e~s. Fze~rE as ! ~ pisrtt~taph 17 htxeof, ~ Bereower's breach of ~9 cesreast or <br />apaeiet6 of iarroser a Nei Maslgfine, " the rovesaets to pa_? when doe sal cams seemed by this Mortgage, <br />I,taitr pdsr fo aiudi aqi assire to Bortnrrer s prorided is paasgtspb 14 hereof sptxidyisg: ii) ~ breacht <br />€3~ ~ ostler tai ~ nee sate legclr, {3i a door, sot kBS tldaa M! days fram t~ dale t~ notice is matted to Barrorrcr. <br />1t' srcaieh areli hatath wst lk astetrr asd f<i ~ fa@are to can sxh Tsrearit oa or before the date apes is tfsc itoelcc <br />seal ssi~ fs aver >af ~e taass ttecesed bf ~ hf, fsreecassse 63 ~~~ P~~E turd sak of rise Property. <br />27m assii~~.•fB fiaNra 6sftotss 14ts~a w' He ti~u io rsiraYrte offs atrakratirm and tits right to tssrrt in Lire t~erlo~sre <br />patag Ate mrsa~lmr?a of a dry ex ~ oihs Adense ~ Borrower ~ arederatba ate forcciososr. ff the beeaa6 <br />is aea treat oa or hdsae the dmd tr Is ire . ft$8rr ss 3.zt's sgtiss rosy deriart ~ of tic s~ artered 9y <br />fltitt hlsrgp~e fir br S iter ud I+rY~ wkbnaa farther tiee~d atsd ~ foreebse by fad#ta- proceedias. f.eader <br />alralt< k ~¢ ~ siatlaay i sseh peocee~tg ;dt appeases of foeeeioa:e. . bet net Ftrtslt~ to. coats of docamcntary <br />eviirste, ah~tsxec and title egwr6s. <br />i9. Battowda Fitit~ ~ a`-~--*' N.atwitiistatsding Letidsr's accckraYion of rite sums secured 6y this Mortgage. <br />Battnwer shall Kaye tits rjgh{ {a Have any prtsaxt~ings begun b} 1_ender to enforce this Mortgage discontinued ai any time <br />