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L,ender's written agreement or applicable law. Borrower shall pay the amount of alt moagage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />.4ny 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 and Lender agree to other terms of payment, such
<br />amounts shall >~ payable upea notice from Lender to Borrower requesting pavmcnt thereof. and shall hear interest from the
<br />~ date of disbursement at the rate payable from time in tame nn outstanding principal under the NMe unless payment of
<br />interest at such rate would be contrary' to applicable ta+c, in which event such amounts sha11 hear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shad require Lender to it:cur any expense or take
<br />a.. any action hereunder.
<br />&. inspecAOn. Lender may make or cause ro he made reasonable entries upon and inspections of the Property. provided
<br />I chat Lender shall give Borrower notice prior to unv such inspection specifying reasonahte cause therefor related to Lender's
<br />r interest in the Pmpem.
<br />9, Candrmtratian. Tlrt prax•reds of any award or claim for damages. dirx..t or consrqueniial, in Conn<-coon with any
<br />rondemnatinn or other taking of the Property, or part thereof. or for xm•rpance to lieu of condemnation, are hereby assigned
<br />and shalt Ire paid to Lender.
<br />In the •r+ent of a total taking of the Property, the prcw.eeds shall he applied to the sums secured by this Mortgage,
<br />with the excess. Sf any. paid to Bnttnwer. In the event of a partial taking of the Pmprrty, nnirss Bnrmwer and Lender
<br />ntherw•isr agrtr in writing, there shall be apnlied to the >ums secured by this Mortgage such proportion of the proceeds
<br />' as is equal :n that proportion which the amount of the sump. sziured by this \Inttgagr immrdiatrl}' prior u, the date of
<br />taking bears to the fair market value of the Property immediateh' prior to the date of taking, with the balance of the proceeds
<br />paid to Bormw•er.
<br />If the Property is abandoned by Borrower. er if, after notice hy' Lender to Bnrrnw•tr that the condemnor offers to make
<br />an award or settle a claim For damages, Borrower fails to respond to L.endes within 3A does after rhr date such notice is
<br />mailed, Lender is authorized io collect and apply +,he proceeds, at Lender's option, either to restoration or repair of the
<br />Pr,pem' nr ie the sums ~urtd by this Mortgage.
<br />Unless Lender and Bo:raw°er otherwise agree in writing. any such application of proceeds to principal shall not ectend
<br />nr postpone the dtre date of the monthly instalimrnts rcfrrred to in paragraph. i and 'hereof or change the amount of
<br />c.n',h inszaflrrxntc.
<br />79. San»wrr \ot Rekned. E_ctension a~f the time for payment or m:xiification of amnrtizatinn .~f the sums srcnrrd
<br />by this Mortgage g.anttd Pry Lender to s_Ry succtssav in intrust r+f Borrower shall not operate to rYkase. in any manner,
<br />*_he Iiabi?izv of the original Borrower and Borrower's sucetssors in interest. I..ender shalt not be rrauiud to commence
<br />pr<,ttdings against such suceessnr nr rcfust to ev~rnd time for payment or otherwise moclifi' amortization of the sums
<br />secared by this Mortgage bt• mason of ant' demand made by the original Borrou•tr and Borrower's suctt'ssvs in in',er•est.
<br />li. Forbntramcr by I.~nder \ot a SRaiver. .4m fnrbearan z hy' tender in evrnisine any right nr temzdv hereunder, or
<br />atlsttw:~se affnzded by appli.-able law, shalt not l+z a waiver of ;,r pr~tudt rhr tvercise of am• such ri ¢ttt or remedy.
<br />Tht ~+rocutetntnt of insurance nr the paymtent of raver or athrr !lens or charRts 6c Lendtr shall not be a waiver of i.ender s
<br />right in accelerate the tnaturity of the indtbtes3rte~ ctrund h}' tfi:s ttongagr.
<br />12. Remedies GLsnlalivr. All remedies provided in this 42ortgage are distinct and cumulative to am nthtr right or
<br />rcm::dy urrdcr this Mortgage nr affnrr)<d br ]aw or equity. area: raay to ecercisrd cnnevrrently, indrpendenih• or successively.
<br />13. Soccescors aced Asaigas Bonutd: lomr and $everai I.ialaTny; Csptiotg. TTrt a,vrnants and agreements herein
<br />wn*.ained shag bind, and the rights hereunder shall inure in. the respective sucxssnrs and assigns of Lender and Eorrow•er,
<br />subjer:t In itre pro+2sioac of paragraph 1' herxi,f. All covenants and agreemtnu of Bairrnwcr shall br joint and u+eral.
<br />'Ilfe ~ptiora aced headings of the paragraphs of this Mongagr arm for conveniertcc only and are not t:< he ttsed to
<br />irtttrp ret or define ttre pmvisinns hertnf.
<br />it. ;Vatree. E.xxpr for any notice tequirrd under applicable Iasi to be giver, in another manner, dal am' notice to
<br />Bntra,wv provided for in Lhis Mortgage shall Ire given h}~ mailing such ~tntict by ctrtifitd mail addrresed ;0 Borrower at
<br />the Fr.,peny Address or at such other address as Bnrmwer may' designate by notice to tender as pn,cided herein, and
<br />{Ia1 any notice to Lender shalt Ire given b}' cer::fitd mail. return rcceipi requtsttd. to Lender's address stated herein or to
<br />sttch iilstr address as I.ertder may desi¢nait I+y n:+tice to Bairmwer as provided herein. .4ny nntirt provided for in this
<br />Mori._cage shall be deemed to have beta given to Bnrmwer nr Lender when gi+~tn ir, the manner designaitd herein.
<br />IS. Ltaiferm MoMjage; GoveeninC Law; $evttablih. This form of mortgage combines uniform _.-tenants far national
<br />use and rn-ur-utufarm oovcnann with 7imiied rariatiorts to jurisdiction to coastituf.° a unifotsn seruruy instrument rov~ring
<br />teal prarpert}'. This Mamgage shall br governed by the !aw of the jurisdiction in w'hi,.h the Pmpert}• is resoled. In the
<br />tweat that attp provision nr douse of ibis Mortgage a the time conflicts uith appt~bk law, suet contiict ,haB net attest
<br />other prnvisiorts of this Mat•tgage nr tPrc Niue u°hirh can he given effect without the .^nnflicting prevision, and to [his
<br />urd the prvvisinns of the Mnrtgagt and the Nnte ate declared to be stserablr.
<br />7£ ~Sessrx-'s f,~;'. 3orr^rn'er sl~nl! b: furn:sPx:+ a __^.fr..^ixd r>;.y of thn *ic't and nc •his ?vfortgage at *te tirt~
<br />of trtecntiras or after rc_°~otdation hn'cxvf.
<br />77. Traesier of for Pha;eRy; .isw~prioo_ if cell ar any part red the Ptv,ptrt} nr an inietesi themin ~ s.}Id er trarsfezred
<br />by BArrow•er w•iihout Lender's grim w~riuen ci,nsc nt. rxc:siding ?a) the creati.,n of s lien nr tnvmbranrt suhnrdinate to
<br />this Mnttgagr, fbf the c:ratittn of a purrltasr morsey- security interest for housthn?d apphnn,ts, (c) a transfer by devise,
<br />descent or by operatitan of taw up'~t tix death of a joint tenant .~; tdt rhr Brant of any' leasehold inttt'est of three gran nr less
<br />trot coutairt'tttg an aptiatt to pu^hase-. L.ertdcr mat, at L.cttdr.='s apti,tt, declare cell the sums xcured by this Mortgage to 6e
<br />imtrpdiatdy due aced payable. Leader shag ha+r waived such optiam to a~tlerate if, prior to the sale ar trans#tr, Lender
<br />and the persott h-+ w~#som iM Property is to lx said or transferred reach ngreemtri in writing that the crcdii of such person
<br />is sa.tisd'actory to Lender and that the inta:rsi payable nn the sums sz:ured Ivy this Mortgage shall be at such rata as Lender
<br />shall request.. If Leeds has waived rite nrxio,. to acxirratr provrdai in this paragraph 17, and if Borrower's successor in
<br />iracteK;~seucutd a xr•:ttsc aastrmPtras agre~at ac+~nted in xritirfg by Lender. Lendtr stall rek-as2 Borrawrr from all
<br />ohiiptians under this Mortgage and rhr Nt+te.
<br />if Leader esen:ir,es suck aptioa in accelr.-ate. Lendtr shah mail Borrower notire of aeceieration in accardantt wi[Pt
<br />paragraph Id I+tttxf. ucltch neaix shad prnvs~ a ptrind of nrn teas than 30 days from rhr Batt the notice is marled within
<br />which t3ortw,wer may Pay the stuns declared due If Bnrrnw`er fails to pay suet sums prior to the expiration of such period,
<br />I.endra may, arithas8 ftrithQ notice ar demand on Bnrtow~r, invoke anv remediu permitted by paragraph }g hereof.
<br />T3t~t-Lltatt~oau Covs.~,.x7s. 13orrewar and tender furzber covenant and agree as follmvs:
<br />Ii. Acede:attioaa Seaseirt kept as peevideA a pa~6 77 hereof, upon Borrower's breach of atay roveaant or
<br />ad 76nata+war i this Maur, GFtlwTiag tie Boa-eaanls to pay when dam any sow accared by this Mor~age,
<br />I[.aaier paihr L a6ai aaaid notice b Borrower m provided im pragraph 1! hereof spedfyiag: (1) the 6raaeb;
<br />t~ tic ttettilra nppYei b erne tatm taatac3q (3) a irate, not Seas tiaa 30 days from ibe lade the notice b wiled to Borrower,
<br />b arhirih loci iagcY arse Ye eaartk ant f<) ~ fame to care suck breach oa w befott the date yreei8ed m the notce
<br />aq taatdt ~ aotxlnaai9oa ~ tIr aataas aerarsd by t-ia tNortgaRr, foreetowrr by pdkPal proesediu6 and sale of rhr Property.
<br />lie aaKcs araB fatter )r€aa~ Boreswet of for tftffi to reiaswe after trccehration aced the ciB6f to asartt is the foreclosure
<br />}eaccheiYrS be of ^ ddaaak ar ary ether dehast of Borrower to acceleratioe and foreciosarc. Jlf the breuc6
<br />1a art try as oar 6efaee the dtie apeeifei M tffie rretiae. Letader u Leaders apfiou wy dertare ail of the soma assured by
<br />Bda d be v doe aced p~rahte wfabost farther deasaed aced easy foreclose by lndicial Proceeding. Lender
<br />ahidl hr eeBBed m teBeet L loath paaeaet~te aB tapeaaas of [oreclawrre, InctadFag, bat not limited to, costs of docemeotary
<br />a+'tiesrce, aibamraeh aaai die tapmfa.
<br />/!. Senvwda RieM m 111teiMai<. Nntwithstandtng Lender's acce{eraunn of the sums secured by this hfo»gage.
<br />Borrower shag have tht right io have any proceedings begtm by Lender to enforce this Mortgage discontinued at any time
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