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<br />~t~F~ ~i)~f~~~- <br />Lender's written agreement or applicable law. Burrower shall pap the amount of all mortgage insurance premiums in the <br />manner provided under paragraph 2 hereof. <br />Any amounts disbursed by Leader pursuant to this paragraph Z, with interest thereon, shall become additional <br />ir,deRtedness of Borrower secured be this hiongage. Unless Borrower and Lender agree iv other terms of payment, such <br />amounts shall M pa7ablz :.ion nvticz from Lender to Borrower requesting pa7mznt thereof, and shall hear interest fmm the <br />daze of disbursement at the rate payable fmm time to time nn outstanding principal under the Note unless payment of <br />interest at such rate would M contrary to applicant: law. in which event such amounts shall Mar interest at the highest rate <br />permissible under applicable law. Nothing contained in dtis paragraph ', shat] require Lender to incur any expense or take <br />any aeOOn hereunder. <br />g. fnspection. Lender may make or cause io be made reasonable entries upon and inspections of the Property, provided <br />that Lznder sRatl give Borvwer notice prior to any such inspection specif}'ing reasonablz cause therefor related to Lender's <br />interest in the Fmpettc, <br />9. Condemnation. The proceeds of any award or claim for damages, direct or cvnsequeniial, in connexion with any <br />condemnation or other taking of the Propert}~, or part thereof, or for conveyance in lieu of wndemnation, arc hereby assigned <br />and shall be Quid to Lender. <br />in the tvent of a t<tal taking of the Propene, the pr~c.eeds shall M applied to the sums secured by this Mortgage. <br />with the zxczss, it an}', paid to Bnrrou~er. In the event of a partial taking of the Property, unless Borrower and Lender <br />otReru'isz agree in writing. there shall M applied to the sums szcurcd by this \iortgaee such pmporl.+n of the proceeds <br />ss is equal to that pmlxnivn which the amoum of the sums szcurrd h}~ this \forieage immedia[zb' prior to the date of <br />taking bears to thz fair market vahtr of the Pr+penc immediatei}' prior to the date of taking, with the balance of the proczeds <br />paid to Borrower. <br />If the Pmpem' is abandoned b}' Berrou•rr, or if. after rn~ticz Rc Lender to Bormwrr that the condemnor offers to make <br />an. award er settle a claim for damages. Borrower fail to respond m Lender within ~p da+s after the date such notice is <br />mailed. Lendrr is authorised to rntlec[ and apply rise prt~creds, at Lender's option, either to rtctvration ar repair of the <br />Fropert}~ ar to t a sums srcoted by this 1lortgage- <br />Unless I_er3er and Bvrmu'er otRerwise aRt:e in writing. am~ such apphcatinn o4 pr.~c ends to principal shall nut r+tend <br />or axtp;~oe fir duz Bair of the montF.h instalimrnts rzierred to in patacrapR~ t and ?hereof or chance the amount of <br />such instalments. <br />ice. BMnwyr ;4ot Released. Esiensioa of the time for payment or modification of amortirauon of the sums secured <br />is nix 'lic~nga~ gsareicd b • L r,-'~r z.~ s,: ~ .r.~ ~ ;.=s ~n i~t~r~st <i B rr-Ja:, ;halt ,':. t ~~t ~'atc, to rrl.~au~- '-- an_ t• manner. <br />therliability : f tttz original+Borrower and `$.~rmurr's nrccessorein interest. l.rndrr'shalt n,u M requircdatn commence <br />prt~-rrdings against such successor or refuse t, rvtrnd time for pa}mznt or otheru~isz modify amortization of the sums <br />secured by this Mortgage h}' rra~ n . i am~ demand made R~• the original Borrower and Rormwzr's succzssors in interest. <br />lI. Forbearance by Leader '.Vol a Waiver. 4nc torhearancr hr Lendrr in e+ercising any right or remedy heretnder, yr <br />orRrrwzsr vfforded hs~ apalicshtt law, shall not hz a waiver of or preclude thz e+ercise of an~~ such sight or remedy. <br />Tht pmcurttarnt of insurance or the pa}~ttent of laves or other ]lens or charges by Lendrr :hall not M a waiver of Lender's <br />ri¢ht ro user?craze the maturity of the indebtedness secured by thi< Mortgage. <br />ti. tirmedrts Camuiativt. Ali remedies provided in tRis ','ongsge are distinct and cumulative to err other right or <br />remedy' uttdrr this Mortgage or afforded by lain . r rquin•, and mat. M r+ercistd rnncurrenth', indeprndentiy nr succrssiveh'. <br />I~. Succ~ets sad Assigns Souad: Soint and Several i.iabi6'h_'; Captions The covenants and agrrcmznis herein <br />ci ntavxd shall t+ind, sod ihz rights hzreundrr shall tower to, the msptctivz successc;s and assigns of Lender and Borrower, <br />subjt<-t m the p,a+isivns of naraersph i' l:rrmf All covenants and agreements of Borrower shall M mint and several. <br />Ttse captions and Rtadmes of the paragraphs ei this Morigagr err for convznizncz only and am not to re used to <br />.nttsprct nr define the provi>ions hereof. <br />Ii. \otitt. Ec~rpt for any tttaticr rr~uired under applicable tau to M givrn in another manner. (at an}' notice to <br />B..rn*wrr provided for in this Morigace shalt M given R}• mailing suck± notice h}' cznified mail addressed so Bormwrr at <br />ttx Pr.prrt} address or at such other address _~ Bom~wrr ma}' desienatz h}' notice to Lender as provided herein. and <br />tl+: any [t,xnr to Lrndcr shah l+e given b} xrrfied mail, mtum ncript requested. to L_tndtr s address stated herein or to <br />sutn cxhu addles. as Lendrr ma+ drsienate M notice to Borrower as prv~vidtd hr.~rin. Am~ n.xicz pr.vidrd for in thiz <br />ilor[gagt shall hr deemed in ha+r bleu givzn to Bormwrr or Lznder when given in the manure drsi¢na.ed htttin. <br />I5. L'a&oraa !lfortgage; Gtrvrraitig Law: Sevrrabt7it.. This form of mortgagz caml+ines uniform covenants for national <br />use and twn~unisotm covenants w;r_h limited variations ht' iurisd+xion to conszitutt a urifontt secureh' instrument co+xring <br />real propem- This Mortgage shall bz governzd lac the law of the iurisdix;vn in which zhe Propztty is located. In the <br />event tlsat am~ prevision ~?r clause of this Mvrtgagt ar the Notz convicts with applicable Isw, such convict shat! not affect <br />otlxr nrrvisi-++r_s of inn Mongagt nr tRr Note w-hicR can bz giver efft:<. witty ut the c.onvixing pmvisioa, atxi to this <br />end the ;+rovisit.+ns ri ihr Mortgage and ttte '~otr are declared to be srvrrablt. <br />I6. Darrower`s Ceps. Bormwrr shall t+e furnished a conformed c:Apr of tht Nntz and of this Aiertgagr at the time <br />of rxscurion nr after rt~ordaticut Rrrtx+f. <br />!7. Trader of the Propers}; Asavmpiioa. if all .v an} pan of the Pmprm' or an interest therein is sold or transftrrrd <br />b}' Bvrmwxr without lendtr's pricer u•riurn consent. occluding tat thz crra:ion of a lien or encumbrance sutwivinate to <br />zhts M.~rtgage. ih? ;hr c,^eatton of a purchase moor} sz urin mtrrest for housthald npplianczs, {ct n vansiet by deviu. <br />des;.eni er by optration of lain upon the death ni a joint tenant nr :dr the .ram of an} leasehold interest . f thin }ears n: lax <br />not watainutg nn option to pur:.hase. Lender ma}•. at tender's opts, n. declare alt the sums secured by this Mortgage to be <br />immedcateL} due and }>ayaRlz. Lender shall have u-aivrd sucR .option to a-xelerate .f, prior to the sale or transfer. Lznder <br />aced the prrsvit t;+ w-R+xn tltt Pmprrtk ~. t.~ be soil er trsnsferrrd reach agrrzmeat in uritittg that thz credit of wcR person <br />is satisfacttuzv to Lendu and that xhe tat*_rest pa+~nblr on irti cams secured b} this Mortgage shall be at such rate as Lendrr <br />shaft zea~ttest. If Lender has waived rite vpcion to a~xkratt provided in this paragraph I7, ,and if arrowtr's successor in <br />iatetett has tx~vted a writtrn assttmptivn agreement accrpttd in writing by Lender. Lender shall rtttau Bvrrou'zr fmm aft <br />ol>}igatioas uadtr this Martl¢agc azxi the Ntue. <br />If Leader exercises sash option to ancett?are. Lender shall mail Borreuer notice of axeirratinn in accordance +r.-ith <br />paragraph 13 Retrnf- Su~'t rtoti~ shall prvvidr a nerivd tai not tax than 30 days tram the date the notice is mat7ed within <br />-vh;ch Px'tn'arw~r tna? pa} the sums dtr}arrd dttr. 3 Bo-osier faits to pay sucR sums prior t; the expire*.ier. of sv4R ported. <br />i.endrr tisay, wittxsut isrrhrr natter yr dtma~ en Barrvwez, in+.tke any remedies permitted b}' paragraph i 8 Rereoi. <br />Now-Llut~at.t Ctrv'ev,sxss- Borrower and I-.ert3er funhet rn+rnam and acres as follows: <br />I8. Aa'sleratina; Re~tu. Etetept as provided io paragraph 17 hereof, uprts borrowers breath of any covesaat or <br />>sf ;ever irQ tlth !litatgs~e, isrlsdie; t~ rasraants eo pa_y whoa due ace} sums secured by this ?<iorlg~r, <br />L.ea.ier peior Io acrraraatjoe sYt9 waif aotire to berrawrr m provided in paragraph 14 hereof sptcifgitrg: (1) the breach; <br />i2} ~ ac#oa teq~ed t» et®e stab 6tr>,t'h; t~f a da/e, sot tree rhea 39 days from the date the aotire is mailed to Borrower, <br />Isy rrhici east breach aaau 4 cmedt sad i4i tbst fa8are to care sorb bresc6 na or before the date specified in the entice <br />» tryrk Ice aceeleratisa sf the cams mcurrd b} this Afortgage, farecttigarr by jadiclal proceed'+ag and sate of the Property. <br />7Le aafke ahab Rather iafarm bartawei o1 the rtglrt to reisetate after aettleratioa and the right to insert is the foreclosure <br />dre aaa-ezT~ere ~ a defaak ar sus other defrase of borrower to srreletstian sad forecbsare. Ti ttse hreac6 <br />s tad cured w ar hc4om t5c dshx apecYied ~ the sotkrr, f.tader at Lender's option rosy declare ail of the sums secured by <br />fhY Mm>gage ~ be 8emedhtdy due sad paya6te without further demand and may foreclose by judicial proceedi~. Lender <br />~ 6e erfided fo cohost in ~ prneed!ag aB eapreaes of foarciosnrc, including, bW not limbed to, roars of documentary <br />evidence, ahttracta and ti0r tepoeb. <br />39. Barro+vw'a to RemsGtte. Notwithstanding Lender's acceler-atian of the sums secured 6y this Mortgage, <br />Harrower snail have the right to have any proceedings lxgim by Lender to enforce this Moriguge discontinued at any time <br />