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7~-.- ~i)'7 i <br />Lender's wrtien agreement or applicable law. Borrower shall pay the amount oY all mortgage insurance premiums in the <br />manner pfavided under paragraph 2 hereof. <br />Any amounts disbursed by Linder pursuant to this paragraph ?. with interest [hereon, shalt become adduionat, <br />indebtedness of Borrower secured by this Mortgage. LR[less Borrower and Lender agree to other teens of payment. such <br />amnttnts shall be payable upon Holier from Lander to Borrower requesting payment thereaf. and shall hear interest from the <br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless paymenf of <br />interest ai such rate would be contrary to applicable taw. in which event such amounts shall bear interest ai the highest rate <br />permissible under applicable law•. Nothing contained in this paragraph ', shall require Linder to incur any expense or take <br />any action hereunder. <br />8. inspection. Lender may make or cause to 6e made reasonable entries upon and inspections or" the Property, provide? <br />that Lender shall give Borrower notice prior to any such inspection specifi'ing reasonable cause therefor related to Lender's <br />interest in the Property. <br />S. Ccsade[nnatina. The prro:erds of am• award or .:intro foe damages. direct or consequential, in connection with any <br />condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation. are hereby assigned <br />and shall be paid ro Lender_ <br />Ir, the e.rnt of a total taking of the Property the proceeds shalt tx applied to the sums secured by this tfiortgage, <br />with the excrcc. if am•, paid to Bcrrow'er. In the event :+f a partial taking of the Property. unless Borrower and Lender <br />>therw~isr agt'rc in writlRQ, ih2rE sha?l h applied [o the sums src:,red bs this Mortgage such proportion of the pr~eeds <br />as is equal t, that }rroportion which the amount of the sums secured by this Mortgage immediately prior to the date of <br />taking bears io the fair market value of the Property immediately prier in the date of takin¢. with the balance of the proceeds <br />paid to Borrower. <br />If the Properly is abandot>rd by Borraw~er. or if. after Holier by Linder to Bar rower that the condemnor offers ro make <br />an award or set8e a cisim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is <br />ma:Itd, Linder is anthatized to coI?ect and apply the pn.+ceeds. at Lender's option, either to restoration or repair of the <br />Fran} or to ihr sums sr.^ured h}' this Oiorteage. <br />L~rless Lender and Borrower otherwise agree in writing. an}' such appiicatinn of proceeds to principal shall not extend <br />or oostpanr the dui date of the monthly installments refered to in paragraph; i and '_ hereof or change the amount of <br />such installrtients. <br />Ig- Borrower For Rdraxd. Extension of the time for nacment or modification of amoriizatinn of the sums secured <br />M- this Mott¢sge greeted b}' Lender to any succrcor in inures[ of 8nrrower shall not operate to release, in any manner, <br />the Siabiiity ;>f the ari¢inal Bormwer and Ecrrower'< sucressors in interest. Lender shat] eat be reouired to commence <br />prarrrdings against such sustssor ar refuse to extend tame for payment or ather>yise m:xlify' amortization of the sums <br />secured hy.thic Mortgage by- tens,n ei am' demand made by the original Borrower and Borrow'er's succrssnrs in interest. <br />Ii. Forbearaoee by I.eoder tint a f'air'er. .4nv forhearsnce by Lender in eyrrcising an}' right nr remedy hrrrundrr, or <br />:>tb-e:w~isr a'.Terdt3 by applicable iaw•, steal; not he a waiver of . r prr.-lude the ecercise of an }' such right or remrd~•. <br />T},e prt4:urrmrni f insurance or the par'ment of raves or other liens or charges b.' Lender sl[a]t not be a waiver of Lender's <br />right to acslrratr the maturin~ of the indebtedne~ sstiured by this \Sortgage. <br />32, Remedies C~olmive :SSI remedies pin.-ided in this '•fangage are distinct and cumulative to any other right or <br />trttted}• under this Mortgage er a,°forded be law nr equity-. and m~v hr exercised cancurrentiy, independent)`' er suce~csiceh'. <br />I3- Sarceessers and Assigns Bound: Saiai and $cret•81 f.iabt7in; Cagfiorts. The covenants and agreements herein <br />c>,ntatscd sltaI; hind, and the rights herrundrr shall inure te, the respective successors and assigns of Lender and BorrowYr, <br />suhjt,, so the provisions of paragraph :? herva5. .~?i rovenants and agreements of Borrower shall be taint and several. <br />7lte captiara and htadings ai the rargraphs of [his 1liattgage are for conyenirm-r ooh' and sir not to Ire used M <br />inzetgtxt ar defter v'te provisions lxreof. <br />IA \otiee. Ezcepi for anv Holier trquired under applicable law to tx given in another manner, tat any notice to <br />Barrow•u pravided for in this Mortgage shalt he eiyen by mailing such nor;-e b~• cenifird mail addressed to &~rmwer at <br />the Prapesty Addrns ar at such :oboe address as Bormwer ms~• des[gnste by noti:~e to Lrndrr as provided herein. and <br />fb1 an_s ~>tice to Linder shall }re given Fy certifrj mail, trn+m receipt reqursud. to Lender's address stated hrrcin or to <br />crch otltrr address as Lrndrr may designate M nati^r to Borrower as provided herein. .4 m' n, rice provided for in this <br />Mortgage shall t+e derinrd [a ha.e Iron g:lrn to Rnrrowrr nr I ender when riven in [he manner designated trerein. <br />f5. L?aifarm '•iorlgage; GoreraittR law; $ereralrBitr. This form cf mene-a¢r rnmbines unifatm c.,v;,ants for nations! <br />use and tier-tmifen-trt cay~rants wi*.h lim:ird variations hr it.risdictim to rnnstitutr a unifarm srrvrn- irc;rvmrnt coy^rring <br />ttal propert}'. T?tis Martgagc steal; lse ga~.rrned h}' the taw of the jurisdiction in which the Prapem• is 3oeatrd. In the <br />event that an}' provision ar clause of this Mortgage or ttte No[e canfli.^is w7[h applicably law, suet[ con3ici shall not afrat <br />otttr p;avissnns of this Mangage or ihr N~.tr wfir_h can br given effect wirhaut the .-inflicting prevision. and to tlsis <br />end the ptnyisiaas c+f the Ma^~arr xnd ihr emote err dcciarcd to bt xverahlt_ <br />IA Bo.~owY's Cgfy'. Hart^x~rr s,§aP, ^.r ,~-n;s3n„ a ~nfo.;,,ed cap.}- ~, the Nr;c a:d rf th;s'drrgagr a. the time <br />df cxt»utit>n . r after rraardarit~[ Ites'eof. <br />I7. Tramter of tie papts; Aaemmmgtiea. IS alt or an}- ?San . f the Pry,pert:~ . ; an iatr:rst ;hyttin is sold or transferred <br />by HorraW~er with,.?ut Cinder's pnot w-nurn ::+ucent. yxcl[idin; tat tlx creath,n of a lien :>r encumhran.^.e sulkirdinate to <br />this INixtgage. tb; rIx creat,an of spun--tease mono} stcuritf ;n[rrest for h.>useh;,id appliances, tct a transfer b}~ drvix, <br />desxni cr by .+pyrstion of 7.w ulxvn the death of a t. ,ai Lynam nr i d+ [he grant of am- leasrfiold interui of three years nr less <br />tiv-rt vmaining ar, opti."n to p~_*rhasc. Lr+tdrr ms}, a[ Lradrr's ;>pu.>,^^., de:Iare ail ihr sums secured by [his 4ortgage to be <br />l113IDediair?+; dtx and, payable Lender shat] have '+a;.rC sorb option in ac. rlrrau +f, prior to the salt or transfer. Lender <br />and ibt pe;k>t t.• w•htun the Ptoprrtr ix to be st>ld . r trans[rrrrd reach agrremrrt m wnnng [hat the credit of such person <br />is satisfaclen tc+ Lender and that the i^'rrrst psyabie on zhe sum. secured M this Mongagt shall by a[ such rate as Linder <br />slta}l regra~i.. 3f Lender has aatved 22v- ,,ptin?t to acxlyratr prnvidrd ir. th,s paraersph l?, and if Borrower's successor in <br />iat~~ ha c,s:.itrd : xsitten .ssum} i~~ agrres~,zt,t a~.rpted :n w-sting by .`.cadet. Lcndrt sixail teitast Borrower from ail <br />tdaligaiioris trader this Mortgage and the Nate. <br />If Larder e:;arises such action to acccleratr. Lender shall mat: B:irrowrr nat,ce ;~f acceleration in acrardance with <br />Pa-'KraPh i3 isyteof. Such notice shall provide a pcrsod of not less than ?0 Says from the Sate ihr r[otice is mailed within <br />r~ttch 13t>n w.er rosy pay xhe sums dxtared due. If Bon-purr fails ra pay such sums prior to the ecpiratinn. of such period, <br />Len3ri tnav. y+°sthaui further Helier sr demand on Borrower, insole any remedies permuted by paragraph 1 g hyt'yef. <br />Id~nt-Uirtroast Ctn~:^.,inras. Harrower avd Lender further covenant and niece ss sot#o ors: <br />3R Acedr[~; Reraedira. Fueeept as prw'ide$ ie paragraph 17 hereof, open Borrower's breach of aav corrnant or <br />aiftemtaeaa ~ Harrower is thin Mortp(fe, iadndieg ttx cosenants to pay whoa due aav cams satttexi by the[ '.Nort~c. <br />i[sier ptfar is a[ederaGlnt t~ m~ ee~ce to Borrower as provided in paragraph 14 berets specifying: Ill the brearb; <br />fI1 ~e tattoo rtgtti4atl to care tract ircaei; I3) a dtge, rot hSas [ban 3R days from the due the notice ~ mailed to Borrower, <br />by triitD welt 6te~ch seat ie owed; sad it} that lasso to care sacb breach en or before the data specified is the ttotkt <br />std rrwit bt arcakraUaa at tie cams aectaed by t6h Morttate„ foreclosure by judicial proceeding tad sak of the Property. <br />'ItMe cake sfs8 fwticr br[orm Borrower of ffie right to iriaatue after anclrration and the right to avert in the foreclosure <br />pteceedfeg !ha ana~e=YReacs of a dc#tatt or nay other drfesae e[ Bamower ie acceler:tiae artd focedostsre. if the brex6 <br />is oat tiwei tea ar bdo[e Use date rpediai is Use notice, Lcttder at Lradet's option mar' declare td! of the sums secured by <br />Ude M >x atd.edisMdy dtte aed payattie Rt[baat fanber demand and may foreclose by }udieial graceedi~. i.eader <br />sia0 4 eaUtied to cai{ect ~ roc•6 prere~ ak eapeases of forecbsarr, iac3udfoCi, bet eat limited to, costs of documenirry <br />erldeses. abstracat sad tlUe reports. <br />]!. Barrow~'e YiRYt M 1t2eFaseste. Notwithstanding Leader's acceleration of the sums secured 6y this Mortgage, <br />$ortrnver slta}I Iinve the tight In have any proceedings begun by Linder to rrfarcr this Mortgage discontinued at any time <br />