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<br />79-' O'ij'"~4~1.:~ <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 ?, with intet>rst thereon, shall become additional <br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to ether terms of payment, such <br />amounts shall be payable upon notice from Lender to Borrower requesting pa}'ment thereof, and shalt bear interest from the <br />date of disbutsatien[ at Lhe rate payable from time to time on outstanding principal under the Note unless payment of <br />interest at such rate would be rontrary to applicable few. in wfiich event snch amounts shall bear interest at the highest rate <br />permissible under applicable taw. 7Qothing contained in this paragraph 7 shall require Lender to incur any expense or take <br />any action hereunder. <br />R fstspection. Lender may make or cause to be made reasonable entries open and inspections of the Property, provided <br />that Lender shalE give Botraw-er notice prior to zny such inspection specifying reasonable cause therefor related to Lender's <br />interest in the Propert}•. <br />9. Csadeamtlott, •ilte prtxs-~ds of any award or claim for damages, direct or consequential, in connection with any <br />condemnation or other taking of the I'ropem•, or part thereof, ar for rnnveyance in lieu of condemnation, are hereby assigned <br />and shalt be paid is Lender. <br />In the event of a tMa1 taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage. <br />with the etaess, if any, paid to Harrower. In the even of a partial taking of the Property, unless Borrower and Lender <br />etherxvise agree in writing, there shall be applied to the sums secuiti±d by this Mortgage such pmpartinn of the proceeds <br />as is egtrai 2a that proportion which the amcum of the sums secured by ibis Alortgage immediately prior to the daft of <br />inking bears to the fair market value of the Property immediately prier to [he date of taking, with the balance of the proceeds <br />paid fa BtXrower. <br />If the Property is abandoned by Harrower, ar if, after notice by Lender to BarrowYr that the rnndemnor otfets to make <br />an award ar settle a china far damages. Borrower fails to respond to tender within ?0 days after the date such notice is <br />taailed, Lender is authorized to colhx! and app!.. *.he pras~eeds, a! Lender's option, either to restoration ar repair of the <br />Property or to the sutsts secured by This Mortgage. <br />I;nless Lettdes and $arrower otherwise a~ in writing, env such appiicatron : f proceeds to principal shall not extend <br />.x postpone tbe due date of the titanthly installments rrfetrd to in paragraphs 7 and .hereof ar change the amount of <br />such iratallntentc. <br />28. 16ortetm Not Rued. ~xtensson of the nine far payment or modification of amortization of the sums secured <br />by this I[fartgage granted by Lmdu to any stn~cesser in interest of Harrower shall not operate to release, in any manner, <br />cite iiabality of the ori¢inai $ortower and Bomwei's suc~sars in interest. Lender shall not be rnlnired to commettct <br />prc+acdiogs agaitesf stxh sutxessar or refil_sr to extend time far pa}•ment ar ethtrwise modify amortrzation of the sums <br />secured Icy this Mortgage by reasixt of an}• demand matte by~ the original Born~wer and Borrower's successors in interest. <br />22. Fotiattiaiee by I.eadv Nat a Waisrr. Any farlxarance by Lender in exercising any right or remedy hereunder, .x <br />atlsetwise aifarded by applicable taw, shall ncu Ie s waiver of or prelude the exercise of any such right or remedy. <br />l2ee gracurexnent of itisnratxY or the payment of texts ar other liens or charges by Linder shall not be a waiver of Lender's <br />tight m accelerate the maturit}• of tIe indebtedness secured by this Mortgage. <br />f3. Reaeies iletah8ee. All teitxdies provided in ibis Mortgage are distinct and cumulative to any olhtr right or <br />rexnedt utxier this Mortgage or attended by Saw or equity'. and m~v be exe: _ised concurrently, independently or successiveh'- <br />2& 9aecer<m~ts sad AsiEos Itomd; )not aed Srsrral IrahiHty; Capfiaas. The covenants and agnetnrnrt herein <br />~rontaiaed shat! hind, and the rights hereuttdrr shalt inure to, the respective sii~^cessots and assigns of tender and Borrower. <br />subject to the ptmisions of paragraph 1' heron#- All ms'[nants and aeretments of Borro~-per shalt bt ;Dint and several. <br />7At ppiiotes attd headings of flee paragraphs of this Mortgage are for caovet»entt only and are eat to he tt~tl to <br />iittetpret or dctiae the provisions hem~f. <br />li. No[ke. Ssttpz for any tiotiet required under applicable law to be given in another manlier, fat env notice to <br />Borrosrr itrxnided far in this Mitngage shag >x grim !ty mailing such notice hp certifi-d mail addressed to Harrower at <br />die Pttytem Addtsss ar at Stith other address as Borrxarr may designate by itatice to Lendec zs provided herein. and <br />fla! any notice to Lender sl:afl be glum by° cettititd mail, return receipt tegtiestsd, to Lender's addrtss stated herein er to <br />sxiz<li caber addtrss as lender may designate by tioticc to Harrower as provided Intern. .4ny notitt provided fix in this <br />~ t3taU bt dated to beer been give[[ m Barmw~r at tender when given in the manteer designared herein. <br />tS. Ltaifara 31fet1~ Goseiaisd law; Seveiahiih. flits farm of mortgage camhittes uniform cotenants for national <br />:ise amt mn-ussifotm cavrsanis with limieed variations by jurisdw-tis~tt tc canalitute a uniform security instrurntnt cvvetittg <br />tu! ps~opett5-. This Mirtgage shat! be goventtd by the law of the jurisdiction in which thr Propem is located. In the <br />event that any pmvisicm ra ~siise of this Martga~tx ar tltr Nate rnnfle:ts with applicable law, such cceefi'ra shelf not affect <br />Cher saas-icitms of 11>tt Mittt¢age or the Nam which can be Risen effect witlt<natt the taonftiding prmisiou, a»d to this <br />~ ~ ~issc~-_s i f t#x I,4zutg~t and the '~cte sr_ de. fared to lu ~vtrable <br />t1 I{srrerx4 Catty. Iliuttswsr stall be #un+rs#eed a mnfcumcd cap. of the Natr and of this Mortgage at tIe tirtac <br />at eaecxpicstt ~ after tecardatittrt herecd_ <br />t7. '~haatEa• of the Ilha~ee;y; Atoepel,ns. If a13 ar an}• par[ of the Property or an r[t[ptest titeitin is said ar tnnsferrai <br />Icy Eafranter atitbatii Lendtv's prior nxinen cam•eat. eaduditg tai the creation of a Ilen ~ encumhranoe subordinate to <br />sins Mcrtgag. tb} the ciratian of a purchase money scc-:urit}• rnietut for Iauselald appliances. (el a ttatssfer Iy devi>x.. <br />descant +a b}~ ttperstinm of law upon the death of a joint tenant ar idi ttx grant of an}' leasehold imetat of thrx }Pats or Less <br />not cstntaiahtg an npaion m purchase. Letusa• may. ax Lender's option, Mass alt the stuns secured by tfiit Mortgage m be <br />i~diittd}~ due and payatde. La-,der shalt have rsaiwed suet aptian to arnekraic if, prnzt to t#rt sale ar trantfer. Irnder <br />aiul sbc t+ to trLam flee tarty = to !x said or ttaitsfetrt+d rraclt agreement in witting that tioz c-tcdit a€ such pc,•so:t <br />s artcxy to Iaxidra anti [Ilex flit i~tetest payable cur the sums secured Iy this Mortgage stall be at such rate as Linder <br />~ tagtleLL If t,ardt;r leas sraitnatl [ht aptira to ac.^elcrate provided rn this paragraph 17, and if H.imowtr i successor in <br />has ~:ited a tizittrs xeaox~iim agrersernt s.:.cepmf in at-iting by Ltmder. Lender slag release Barrowtr from all <br />nbipadmc tinder this Mme sad ~ Nate <br />If Laodei eaarcitn na'b opaios w acatderatt, Lender shat] mat'. Barr owrr notitt of acceleration in accordance with <br />ptsapaptt l+t heieaf. Such zsoacr tthatl prove a period of not ltss flan 31! days fram the date the notice is mailed within <br />whicki Batse~aer Sony pay she sumss dtc3arod dsu- ti Botnwrr fails ra pay sites-h rums prier to the expiration of noel period, <br />Irrroder ma}, without fsnxher octet or deoaod cut Bortv+aer, invoke any remedies permitted by paragraph ] g hereof. <br />Nttaa-L?t~si°atex CtrvE~-+t3s. 9trtnru s~3't furtht-r c;+wnant and agroe as follows: <br />iL ltat.ei[a. En+gN a }wvlierl ~ t 17 hereof. titles liorsow~'s 6seac6 of my coveaswt ar <br />tt d IP+nro-war tint Nit ihat~pa, ~ e+ava~ i+a pr*y wtr~a ~e ~ rum soerazd hji tip Atae. <br />isaitr tsdsa is aees3atadaa iii twi ..lice to Rarroirr s tina.ida b pratraPi U boreal afteeifyia~: tit cite breach: <br />{~ tit: aclists tea~aisd is ase sssi iteaek t3l a isle, oaf ins than 3s days tso® the elate lice ttdca Y oa7ed to Sorro.rer, <br />i9 tshie>, rsaif httiaei itititat ie trot! tssd fdi ttsat fttHae ter ran tts~ hrracb ao ar !dole tie dale spedSed ~ the eoNce <br />stiq aastAt i aaxlata®oa of the oasis sated by atiis Martgsie. foie~ost+x by jwBcM ptareedltq twd rile of the !!tupeAy. <br />21Ye ttr~Ca ttbrill taa~a httastte =otrverv d t-e right to tehsrlate title itccdasr;oti sad the ri>tM to aarert Ia me foraciosite <br />gaticeeirR the sss.adtiaeee d a defatdi ar ss3 alter defeae of >lastotrer ro aeetteraUS' sad fotedesae. R the brooch <br />Y sat assts a sr 6rtfaee the dshe ,pediaa h- Nee sie6tx, Leader r isaier's otttbo isny derbere a6 of the slams secured by <br />flits to he l doe ittid t wit itsrther deassd aed any forocbsc by jadlcbd tC. Lender <br />slat is at~td is af;ieR 4 ss+dt 2t' >i etgsetases st foseeloaae, bnciadtng, bat sent liohted te, cents of tlecameotary <br />swiiastee, aititracb teed t9tle segiafs. <br />Ill. lr>aaarrats ~ N Rsisbte. Notwithstanding Leader's aztxieratioa of the sums soured by this b;or[gage, <br />Bartowa slug have fee rigltx to hats any proceedings begttn by Linder to cnfartx this Mortgage discondntted at any time <br />