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<br /> <br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mon5sge insurance premiums in the <br />msnner 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 Borrower an Lender agree to other terms of payment, such <br />amaun2s shall be pa}'able upon notice from Lender in Borrower requesting payment thereof, and shall hear interest from the <br />date of disbursement at the rate payable from time to time on mustandine principal under the Note unless payment of <br />interest at such rate would be contrary to applicable law, in avhich event such amounts shalt bear interest at the highest rate <br />permissible under applicab]e law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take <br />any action hereunder. <br />&. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, pmvide:i <br />chat Lender shall Give Borrow-er notice prior ro any such inspection sprcih'ing esasonablr cause therefor related to L.ender's <br />interrst in the Property. <br />9. Cottdetnaation. 7?te proceeds c€ an}' award ar Maim far damages, direr at a,nsrquential, in conne;:tion with any <br />condemnation or other ;along of tlx Pmpert}', or part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shat; I+r paid to Lender. <br />lr. **^he event of a total taking of the Property, the p.rkreds shall be applied to the sums secured by this MangaGe. <br />with the .~ ss, :f any, raid to Bairn>wer. ]n the event of a partial taking of the Property, unless Borrower and L.encfer <br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such pmpanian of the proceeds <br />ss r; equal to that pmp..rtion which ihr amount of the sumo secured h~~ this Mortgage immediately p.rinr to the date of <br />caking hears to the fair market ~•alt;e of the Pr>pem~ immediately prior to the date of taking, «-ith the balance of the proceeds <br />paid to Borrower. <br />If the Property is abandoned by $orraw•rr. ar if, after notice by Lender to Borro war the[ the condemnor offers to make <br />an award ar senle a claim for damages. Borrower fails to respond to Lender within 30 days afies the date such notice is <br />ma-ikd, Lender is authorized to ca>Ilect and apply the proceeds, at Lender's option, either to restoration or repsir of the <br />Prapcry or to the sums secured ?+}~ this Manage. <br />Unless Lender and Borrower otherwise agree in writing. any such application of pnxreeds to principal shalt net eitend <br />or postpotx the due dale of the monthh' instalimerts refetnd to in paraeraphs ] and '_ hereof or change the amount of <br />such instaPmrnts. <br />IQ. Borrow•rr Not Aekaxd. Extension of the time for payment or modification of amortization of the stems secured <br />by this Mortgage grartrd be Lender tc sm sua-rssor in imerest of Borrower shalt not operate m release, in any manner, <br />the liahi}ity ,>f the uiginai Born>wrr and Born woe's su~.rssor. in interest. Lender shad not I+e rouired to cpmmonce <br />prtx>cedirgs againsa such su:~rssor ar refuse =,a rctend time for payment or othervvisc modii~• amortization of the sums <br />scoured h}' this Mangage hi• roes.>n nt any demand made b} the original Rorr~wer and R„rrower's successors in interest. <br />ll. Foti,araerx b}' i.endrr'toi a R'airrr. .gym' fort~taranrr by Lender in esrttisinC sm rieht or rrmedr hrrundu. or <br />~tberasc sffardrd h} applicah3r law, shall no*. hr ,* w;2iarr :~f or pmlude the esrrcisr of any such right or comedy. <br />T]~r prt3 urrmem at insumncY or the payment cf coxes o~ other liens or charges b}' Lender shall not '..e a waiver of Ixndei s <br />right a acaxkraic the mazurirv of ihr indcbtrdnres sr.-urrd by thi; Mortgage. <br />72 Ret®et6es C®uiatfse. Ali remedies provided ;n this Mangage are distinct and cumulative to am other right or <br />remedy node: this Morzga,e or atfordrd by law e r equity, and ;r,~: he rcercisrd rnncurrrath', independently or sucerssivrly. <br />13. Seccerasasr and Assig.'s ;sound: lo8ett aad Se+rra) I.iabaily: Captions. T7tr covenants and agreements herein <br />coatair~d shall hied, and the rights hereurtder shall inure ro. the rspective sum-rssors and assigns of Lrn3rr and Bor,:~w~er. <br />sub;trt is ehr prasisicst¢s of paragraph !? hermf. Al! ra>.•rnants and agrrrme^[s nt Sormwzr shall br joint and srveral- <br />7t¢c ca;stiotts sod hrading_s of the psrsgr~phs of this Mortgage are tnr canvenieace nh and are ao*, to br used to <br />intrrptrs nr drtmr the prm~isa,ns hcsra,~. <br />i1. !Veliec. Eicxpt for any rxuice ergot-ed under appli.-sbk Isw to be given in another manner, {al am notitt rii <br />R>r;owrr pmvidtd for in tttis M.ngage shall br given b}~ rnaitin¢ such no•~cr br' certified m>il addrcsced to Borrewtr at <br />rise P:?pcm• .Adders.. er at such other address as Harrower may designate by rsctice to Lender as pmvidd herein, aad <br />(t*? any tx>ri:e to Lender shall hr given t+v .xrtifi,:i mail, return receipt requested, to Lrndrr's address stated herein ar it+ <br />su,~tt atlter a3dtrss as Lcr¢drr ma} drsignstr b} not-~e to Borrower as pmaided herein. .im' notire provided for in ¢his <br />Ma`-~gagr sltaii it to have l+cer. g:aen to Ba-ro wrr nr i_r;,der whin given in the manner desigttaied herein. <br />IS- L`at'fora ~$~: t^,oseraiag Law; $rirrabeli~c. "I7¢is farm of mongaer combines uniform cmenants far national <br />use any n~uniiam n>t~ssants with liti+;;et vartatKet¢s b}' jttriscictiart io ranstiiute a uniform sn-unty instrvmeni cnvcrine <br />rrtl prc+per't}~. 71:is Mongage shall hr goveracd he the law o f the jurisdiction in which the Proprm• is located. In the <br />esrnt that ary prcvisi,.n or clause a# t!¢is Mr•ngage or the \ott conflicts cairn applicably law-, such confli.-t shall pat aftres <br />o2I¢er pmvtsiaas ni zhis ifotigagr Rr the fete w!;zch an be given effect wit}tput ihr rarflicting provision. and to Phis <br />eed the provisirn*.s of the Ma>rtgagr and the `~otr err declared to be uxrable. <br />ii. llonrowcr'•s Csg}: Barrt*wet shall be furaishr+f a co~ormyd cop}• of r7•• Natr an~+ of shin '4?v;tgagr a, tl:r t:r,:;. <br />of r<zt~a±a=-+r- >?r sftrt ~-_mi3a; 1~-+f <br />iT• Tersstt: of lie Itrogeatr: !iampties. li sli or ear part of the Przp:m_• ar an interai thexin is sold pr innsfetred <br />b}' Htxsntirr withou Lender's prone wrinrzt .a,rzscnt rxcludirtg tar the crrati.a of a litn ar yncumbrance suhordmatr to <br />this Idartgttgc, ('bl ttx crrxtaon of a p .reha;r m.>nr} srcuritt ;nterrst for household applinncrs, (c) a [ransfrr by devise. <br />r~seeni cv h}' operatinm of taw. up,>n ehr ;~atb of a y.,~nr rr snr .'r ;d~ the grant of an}~ lraseln~id interest of rhre vrar~ or Ies~ <br />trot xataiaing an option to pur°hasr. tender mac, at Lrnder'> +,~puan. declare al! the rims enured by this htangage to be <br />immediately due and payafilc. Lender shall ha+y uatvcd such optixt to accelerate if, prier to the sak or rransfrr, lender <br />atsd flx person fo w'hnrn ehr Prapem is to hr sold ate *,rs.~siyrrrd roach agreement in w-riung that the credit of stab perssm <br />is saris.°a~-tnn to I.rndrr aad tl•,at the x-t-errs: parnbk ..n iix .urns savored by this Mongage shall he at ouch rate as Lender <br />s~'1 rst:}1xsL I# Lender has >;•aia-rd ib:.>pti_,:s to ac~irrstz p:~,vid~d in this paragraph ]?. and if 8orrautr's successor in <br />izrtetrsl Itas zxtxuted a tvrittrn aacurnpnt~+ a~>•r~ r~-•egt~{ in uri*_ing 3-y Lrndar. Leader shat; rrlea~ Borrower tram al3 <br />oldtgaLicros under this Mattgase and the ?:ate. <br />U L.vat~ e'tzr~s ~'-tor, to s.;-rate, Ixndzr c`ail mail Barr+wzi ncxice of acceleration in accordance with <br />paragraph li heKrnf- Such nntirx shall p-ravrdt a peeled of ant arcs than to da}•s from the dart the notice is mailed within <br />'ta"hirb Bcsrotsyr may pay ehr samx declared due- if Barrourr fails ?a pay such sums prior to ehr expiration of such period, <br />Lestder may. wstAont ftirfhar taeiix nr demand on Bnrraw•cr. invoke any retaedics perm;tted fi}• aaragraph I R hereof. <br />ltiari~-U~7t=taut Cw~Na+•r5,. Bcsrrewcr axed I..mdrr fuaher covensni and agrce as foilrnvs: <br />18. Aaeiaardn~ its+med3es. Earept as prarided a pmrgrygrh 17 hereof, epos Eorrower's broach of any cavenani or <br />> of )ortowri if tl~ iel~K the eoveuatc Eo pay w)een doe any calm seenrcd by this Mortgage, <br />I.ere~r gmiar M acedesaNian a1aH team antler !e lbarrowa ac prorided in pv>tgear6 14 hereof speeifyiag: (1) the breach; <br />~' >~r a~ ~ ~ tract ; i~t r rye, sat )ese tics io dryc from rye ,cafe the entice is tast7ed to Borrowee, <br />~ net atarq Ile creed; asd Ij) fiat before !o care snob breach os or before tie date spcritied is the trance <br />X49 ca¢At a ~ M tie nuns aeearr~ b} ~ Mme, foreclerwre by jedit:d proceeding aad sale of the Property. <br />Tie aetlrz tdtrp hnri6v infata >tarearrcr of the rtgit to ecLch4t after atteleratioe and the tight to ar~ert is the foreclosure <br />? rie aaa-eodelearx d a deiarit or awy o~et detcaar M isrrvwer to acce)eratioe and fotec/ostrre. if the breach <br />i art rated ors ae bdwe ~r daae vpedird ~ tie notice. Leader of t.eader'c option our deYtare rS of fhe some --cured by <br />tiiE b he ine aad payaitk >,rrirheat ftanier dttireasd aad awry foreclose by judkia! proceeding. Lender <br />ttisH lac ea5tied ito caiett L ~¢ peoceedeag sti eapestxs td foree~snre, inclu~, bpi not litniied fin, coats of doeumeataey <br />atiiiace , airL3atEr and fl;te tspor>i. <br />19. >fmrro~a'r Riot b ti~~*~• Ntetwithstanding Lender's acceleration of [he sums secured by this Mortgage, <br />Sortawe+r stall bane the right to hex any proceedings begun by Ixnder [e enforce this Mangagr discontinued at any time <br />