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Lender's writer, 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 s,-cured by this Riortgage. Unless Borrower and Lender agrte to other terms of payment, such
<br />amounts shelf be payable upon notice from Lender to Borrower reyuesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable Emm time *.n aime an outstanding principal under the Note unless payment of
<br />~ interest at such rate would be contrary ro applicable ]a,.. ;n schich evem such amounts shalt bear interest at the highest rate
<br />permissible under applicable Iaw. Nothing contained ir, this aaragraph 7 shall require i_endtr to incur any expense or take
<br />~. any action hereunder. .
<br />8. ftaapection. Lender may make or cause m he made rcasanahle entries upon and inspechan: of the Property, provided
<br />that Lender shalt give Borrower neure prior to any such inspecuau specifying masonaMle roust therefor related to Lender's
<br />interest in the Pmpeny.
<br />~ 4. Condemnation. 't'he p,-ocerds of am' award or claim fez damages, dimct or comequcntial, in connection with am•
<br />{~ condemnation or other taking at the Property. or part thereof. or for com~tyanre in Lieu of condemnation, are hereby assigned
<br />and shat] br paid to Lender.
<br />In the went of a fatal taking of ilte Property, the prxeeds shall l+e applied to the sums stcttnd by this ;<dorigage.
<br />with Lhe ecs'ess, if env. paid to Harrower. In the event of a partial taking of the Pmptrty. unless Borrower and Lender
<br />otherwise agree in writing, thtrc shall he applied to rite sums stcumd h}• this Mortgage such proportion of the proceeds
<br />' as is equal io that pralxirt'ton which the amount of the sums secured he this Mortgage intmtdintely prior to the date of
<br />taking bears io the fair market valve of the Property immcdiateiy prior to the dot+~ of taking, with the MalancY of the proceeds
<br />paid to liormuer.
<br />If the Prapem' is ahandatted My Borrower, er if. after notice M• Linder to Borrower that the condemnor offers to make
<br />an award ar settle a claim fee damages, Berrou~tr fails is respond to Lender within 30 days after the date such notice is
<br />mailed, Leader i5 attlberized to cal}e:t and apph *.he proceeds. at Lender's option, either to restoration or repair of the
<br />Propene or ie the sums secured My this Morgage.
<br />L'~nless Lender and $armu~er otherwise agree ir. writing, am' such application of proceeds to principal shall oat extend
<br />ar pastp+ine tht due date of the month?~• installments referred to in paragraphs 1 and '_ hereof or change the amount of
<br />such installments.
<br />10. Bssrtotrret tint Rt>ea~d. Ex~ttrsian of the time for payment or r,>idification of amortization of the sums secured
<br />by this lfortesee _rrsnted Mx• Lender to an_t' surcecsor in interest of Bom,u~er shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's succrsson in interest. I-ruder shall not t,e required to rammertce
<br />prak-trdings against such stxcrncx or refuse ie extrn~ time for pa~mrnt or otherwise modify amortization of the sums
<br />stxured by :his Afangagt My reason of any demand made b? the origmai A. rm,yer and B. rmwer s succes_cors in interest.
<br />11. Ferbearaate ley Lrrder \ai a R'si~er. .4rv forMtarance by 1 eadrr in rxenising an}' right ar remedy hereunder. or
<br />athetx-ise affozded My applicable law, shall oat l,e a waiv'e'r of or preavde the exercise of any such right or remedy.
<br />The praruttxitrnt of insurance or the payrttent of races ar other hens or charges by Lender shall oat ire a waiver of Lender's
<br />ri¢hz in arxlerate the ma[uriry of the indebtedness sercred h}' the: 1{ortgage.
<br />12. Reiff Qrmalstf+e_ .Ali remdiies pmyidrd in this '`toneage arc distinct and cumulative to am• other right or
<br />retrtedy under this Mangage or afferdad h?~ law r+r equin~. and may tic rxt•rcistd rannrrrently, indrptndentty or surcessiveh.
<br />f3. Soree~ors and ~ffi Botmd; Saint and Seseral inability: Captions. The covenants and a¢reementr herein
<br />rz+mainrd shall bSnd. and the ri¢hts hrr_vndet sha31 inure tr. tM resprrtiyt su. ~essors and assigns of Lender and Barrowtr.
<br />surjcs-i to the provisions of paragraph 7? herrai. .411 covenants and agrtrmenu of B.irrou•er shsl! be joint and several.
<br />T{se :.apiictis and headings of Lltr paragraphs of this hiongage err for ron:~enienre anh~ :end are not to hz used to
<br />interpret ar dtfine the provisions herc~i. ,
<br />16. \etiee_ Ezctpt Ior any notiet irquitzd unucr applirabit lsu t.~ br given rn another manner, (al arty trotter to
<br />&~rraw^u prayidtd fv in this Mar+.gage shall lx giytn by mailing suth notice by certified mail addrrssrd !o Barrau~er at
<br />iht Pr:,pem' Address ar at such tither address ^.s Borttuer rosy dtsignat: by nati^e to l_endrr as proyidrd herein, and
<br />lbl arty t:atice to Lender shall be given My ctrtifxd mail. rrtum receipt requested. n 1-endtr`s address stated herein or to
<br />shah atlxr address as Lexier may desi;tiatt bx netts to Bnrraa•er as prox-idtd herein .Any notire provided far in this
<br />Islon;age shall Me deemed to Move lure given to Harrower er Lender when given in the maanu desigr,a:td hnein.
<br />13_ l:•rAma Mwtgag~ Ga~resaiaS lets: Sevrrab~tr. Tnis form of rttortga¢r a mbizm unifastrt co;enants for national
<br />u~ and m~,a-uniform covenants u-ith limited variations by jurisdiction t. ranstitutr a uniform se`unty instrurnrnt covering
<br />teal grrxxrt}-. Shia Mongage shall he eaoyern°d by the law of the iurisdirtian to whirM she Pmprny is located. in the
<br />r~tz shat any ;+ratision ar rlaust of this Mongage or the Nett ranf?irts .vi±h applicable law, such ronftirt shall oat afteR
<br />othea provisions of this Manage ar the Nate which r.an he given tffert withartt the confti:ting pmviQmt, and to this
<br />~'; t.'t' p~.,v;' n.~s ; f tl~ kia••g'=~E a^.d zee \orr srr ~tt~i_ar€,t! tr. {+e str-sr_hle.
<br />1£ Borrarris Cops. Horm.r~u shall br '' <trnrshrd a .-~,nformrd >p+ of the Nate atr3 of *.h*s '4lartgagt ai the time
<br />of c'iecutian or air, te.-ora_a__ hertcf.
<br />17. Trtmster ~ the prop!; Aavmpfiaa- If all or any part of the Pmpcny or sn interest thrrcin ix sold ar transferred
<br />by Borr.,atr without Lender's prior written consent. excluding tal the creation of a lien ar encambran:-e sulwn{inatt to
<br />this Mangagr, ib7 tIe treati~t ~f a purhase m~xtey scrursty tnierest far Muuscho}d appliances, fcl a transfer by devise,
<br />dzsxnt i7 by apt:xatian of law upon the death of v '>;nt ttnant ar idt the grant of xm leasehold interest of throe years or less
<br />aot s~nzaiaing an aptian to purrhau, Lender may, at lender's option, drrlare all the sums srrured by this Mortgage to be
<br />immediatrlq due and payable. Ltttdtr shill ha+r wai+•td such apuon ;., acrelers*.e if, prior to the sale ;^t transfer, Lender
<br />and Litt parsem to wham the Proptrtl is to bt sold ar transfer;ed reach agrtrrnem :n wrtiag that the rrrdit of such peta~n
<br />is satisfas'utrv to Letedtr and that the mttrtsz pay'shtr :,n the sums srrnred bti this \#artgage sha3{ ht at such rate a: Lt..der
<br />sue, ray-.izst if L~drr has aai's'~' t;~ o~~_n t:. s<-celrraie p.:.yid,,,~1 i^ zhis paragraph 7?. and if Batr*wer's successor in
<br />iuttrSt has executed a wriura aasttusttptian agrtxmrnt a,^cepttd in writing My Lender. Lender shall rnease Borrower from all
<br />abli;atitms tutdcr this Martgagt ate tfrz Nrae.
<br />if Isadtr esert;ses ssrcli c+p{ian to acaeltiate, Len~cr shall mad Barrov.•er notice of atetkraticm in accordance with
<br />pzrrgsaph 7d ht>zaf. Such Seatim shall pral-ide s ~riotl a! net less zhan 3G days fr,rzt the date rite notice i; mated within
<br />which Bturatuer may naz' tlsc sums darlarcd dui. {f Barrawtr fails to pay such sums prior is the ecpiratiatt of such period,
<br />Later raay, w-irhont furilrer Sbti.°e oS demaatd an Ben-rower, invoke any remedies permitted by paragraph 38 hereaF.
<br />Nttta~;t.-rrorru Cm'~xuv'SS. Borioeeer and l.cader further covenant and agrce as falloa>s:
<br />ld AtrderatiprK lam. 1Rstepl m presided ie paragraph 17 hereof. upon Borrowcr"s 6neaeh of any caveaaat m
<br />apt of liarrewrr a lbkc 1Kenp~e, iat9rsd'mg the sos•eataats to pay when doe aay wms sceured by this Mortgage,
<br />I~ peix b atsdnadea siiaB rated notice fo $Saerotsrr a presided is paragraph id hsre~ sprtitgiegi tl) for barach;
<br />(ZI! 1hr aefba m,rdtei m else t~ htRattht (3) a dsu, aot fires ttrae 30 drys from the date ihr twitter ~ mae7ed to torrower,
<br />y9 tehiti sar~r htteatft raaY !t r cad {S) that fimltarr m ems tiach 6reae6 oe ~ before the date specified fie the notice
<br />attq saris b actdaatlw ~ the rattea reearcd hS l~ Marrgogs, foreeiawre by jadiciai proterdieg and soh of ibc Property.
<br />The ee4iee siufi herby toreros So[rower of fht ti~gtri Eo reisetale afire aecderat3an and Ehe right to assert in the Foreclosure
<br />psocteiftSg Are aoa-aisltatts et a detail ar eel other defrost of ;torrewrr to acceleration tied foreslosare. U the brracb
<br />Y scat eartssl as Dt 6efam the deb > b the aatke, [.ceder at Leadsr's option tmis drrlarr aH of the sums secured by
<br />tYa to ht Lsasedhtefy doe and payaNe wblroet t®rlher demand sad may torsclo~ ley jodkiai praceediag_ Ixader
<br />ahrrR ht eaAlied ~ ee®ect ih atY proeeadieg a0 e:peatas of torectosure, iathsr~q,, but ~t firnited ko. casts of doeamentery
<br />esiimte, ahatraeb tied floe sspwla
<br />1!, tear,osea's IIiglet to 1RehlWetr. Notwitfutandirtg Ixndefs acceleration of the sums se+.-urtd by this Mortgage,
<br />BorSUwr shalt 6aae the Sighs to hate aoy prccaedings begun try Lender to enforce this Mengagc dis; nntinued at any time
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