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<br />80° ~`~;~;~74
<br />Leader's written 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 secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon entice from Lender to Borrower requesting payment thereof, and shall bear interest from the '
<br />date of disbursement a[ the rate payable from time to time on outstanding ptincipat under the Note unless payment of
<br />inttreK at such rate would be contrary to applicable law. in which event such amounts shall bear interest at the highest rate-
<br />permessible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take `
<br />any action iwatutrder.
<br />& Lrspectloe. Linder may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />[hat Lender shall give Borrower notice prior to an}• such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The pracceds of any award ar claim far damages. direct or rnnsequential, in connection with any
<br />condemnation ar other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be peed to Lender.
<br />In the event of a fatal taking of the Property, the proceeds shall br: applied to the sums secured by this Mortgage,
<br />with the exexss_ if any. paid to Borrower. In the event of a partial taking of the Propem•, unless Bormwer and Lender
<br />txherwise agree in writing, theft shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to fhat proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior w the date of taking, whit the balance of the proceeds
<br />paid to Borrower,
<br />if the Properly is abarrdorted by Borrower, or if, after notice hp Lender to Borrower that the condemnor offtrs to make
<br />an award or mottle s claim for damages, Harrower fails to respond m Lender within 20 days after the date such notice is
<br />mailed, Lertda i3 atrthoriaed to collect a~ apply the prneecets, at Lendei s option, either to ratoration or repair of the
<br />Property ai to ;3x S1IDts secured try ihes MCrtgage.
<br />Unless Linder and Botmwet otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />ar pnstpane the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />1!, ~Eertouer Not Rekaxd. £xtensian of the time far payment or modification of amortizatior. of the sums secured
<br />by this Mortgage granted by Leader u. any succssar en interest of Botrowxr shalt oat operate to release, in any manner,
<br />the liability of the original Borrower and Soarawei s successors in interest Lender shall not he required to rnmmence
<br />ptacetd'mgs aganst such srtcrosor ar Rfa9t to Gxtead time for pa}•ment ar othensise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrowtir and Borrttwet's successors in interat.
<br />11. Feriearasrcc by Leader Not a Waiver. Any forbearance 1•y Lender in exercising an}' right or remedy hereunder, or
<br />otherwise afforded by appTicabk law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The prt+"u~ ~ insurancY ar the payment of razes tv ether Betts or charges by Txltder shall not Iu a waiver of Lender's
<br />riglH m fcxderate the maturity of the ertdebredrttss sixxrted by this liartgage.
<br />lY. ReseBa All remedies prm'eded in this Mari_eage are distirn~t and cumulative to any rnher right or
<br />retrxdy under this Maatgage or a$or~.; by law ar equi@~. and may lie exercised soncurrmtiy, independently or successively.
<br />!3. Sacce~sa aai Aalgas Baaad; Joint sad Several i.ia6ity; CaptEoas. The covenants and agreements herein
<br />tnaninad shall bard, sad the tights hereunder shall inure to, the respective stresessors sod assigns of Lender and Borrower,
<br />subject to the paovisions of paragraph 13 herwf. Ai! covenants attd agreements of Harrower shall be joint acid several.
<br />The tatptiaos alai hndittgs of die parargtaphs of this Mortgage are for cnnvenieraee onh• and a.o oat to be rued to
<br />intetpt~ ~ define the provisions lterwf.
<br />li. Ntrtiee, Sampt far soy notice: tequtred under applicable law to be given in another manner. {al any notice to
<br />Horrower provided flu is this Mortgage Shall be giver by mailing sttch notir by certified matt address,^d to Btxrowtr at
<br />the Prapetty Addrcts or at stxh other address as Harmw'rr may designate by Mice to Lender ss provided herein, arxf
<br />{b/ arty entice N Leader shall be given by atrtifiat .nail, return receipt requested. to Lender's address stated herein ar to
<br />srtdt ether mess a< Letttier may designate by tttxict is Btutxrwer as provided herein. Any twtice provided fur in this
<br />Mort~e shall be deemed to base brat grvea xa Barttrw+er ar Lender when given in the manner designated herein.
<br />73. meta Moslpge; law; Sncrabiidty. This farm of mortgage rnmbines uniform covena~u far national
<br />use stud ttm-ttn~orm caveraats wHh limited vitiations by jurisdiction to coasti[ute a iuiifarm security- instrument covering
<br />real prtrisrtiy. This Mattgage shall be govrmad by the laa~ of the jurisdiction ea which the Property is fixated. In the
<br />carrot that ang paav'aion or chstise of this Mc~age ar the Irlate anltfiiets a-#tlt appii~ble tar+-, ~ a~nBict shalt oat affe~'t
<br />other Iarc+s~itopes of this Mortgage to the Nate which son be given slicer withteit the watfiic5ng provision. and to this
<br />sad rte prcw9snms of the Mortgage and the Nate are declatsd xo be sn'Bable.
<br />!f, Rafwstfaas ~. Aanoga+er shall he ftrrnished a xn#artned ~y ~# the Ntxe and of this Mortgage of the tilts
<br />t$ C[EC781t7Q a a#tK recard:tiM TlG7Ll3f.
<br />I7. ISeaaiv 4f the ~R if all or any pan of xhe Property oa an irtteieat therein is sold ar iransfetred
<br />by Smttncer witb.'xrt Leader's prior wrettea etmsrgtt, ezclttding {al tht aaeation of a lien or eticuslibraitse subordinate to
<br />fha Mort~e, fhI the er'mtitm ~ a putrhas: morxY security interest fw housdtohi appiiaruces. {cl a trarufer by devise,
<br />descant cv iy operation of law tq+rat the death od a mint reseal or jdt the grant of anY leasehold interest of three years or less
<br />tat& an aigiatt u~ Ptatshne. I.eritkr may, at Calder's rsptian, declare all rho sums secured by this Mortgage to be
<br />itmtterLaNly due sad payable. Lender shag hex waived such npiem to aacCerate if, prior to the sale or transfer, Lender
<br />and #Le person re vtfiom rbe Propety is m be solo to Yramsferrtd reach agreerttettt in writing that xhe credit of Bitch person
<br />a my m Ltstida and that tLe interest pa}able oat the curets secured by this Mortgage shall 6e at :uch rate u Lerider
<br />yhaB regrapa, U Lender has araived the option to axdente provided in this paragraph 77, acrd if Borrower's sutxessor in
<br />itx~ Las es a srritlm ~ptitn agct>mctt acaeatod is writing by Lsrtdv. Lends shall release Borrawer from sH
<br />aLSgatiam tmdet tl$a M and sic Note
<br />.R' L+aed~ a such option ht a~sare, Ltnder shall mail Harrower notirx of atxeleraiian in accordance with
<br />p 14 het~eof. ;atttL na4az shall pmvide a period esf cwt less than 38 daps from the dare the entice is matlud within
<br />$satawer aY pay the slims dnctarod doe. I# Harrower fails ra Pay arch sums prier to the expiratiaa of such period,
<br />Leadty may, vrithaut ftntl+er notice ar demand oa Borrower, invoke any reaxdies permitted by paragraph l 8 her~f.
<br />l+krta3tat+oaat Cavaaatt+ts. Bttnotuu and Lender ftuthcr caveaaat and agree as fcdiors:
<br />lat. A+oafiasslifr iaaarila. Elsega a ! i• ?#apamraipM I9 basoaf. spa Itoetowels bract of a.y coreasat a
<br />+tt M l~effower L Aria INoa1~e, IadriRsrg tie exrta..tts N py wise dx nay soma serared by this MoApge.
<br />lair pile t• acoflaeaWe tial arm •aRoa N iorrewer a provitki N prnpt~i i! icteef grs~yatgt fl) the baeaci;
<br />t~ ti frtt8ea w*iieMla ~ atsci ittate6t l31 a +hte. cot ies tits 3fl days frog /Oe drte tie noHee i aratBed to Borrower,
<br />i! stitiei sap- ifaatlt ~at>N a~rak atti fA ties trilars N we aei Mfaci as rte bedew tie dMe a}todRed Ta the aodee
<br />t~ sfnM itr aaeis~4as fit[ Rte asarf t+swfal iy rite fetorlfaae Icy` prore~ sad ale of tie Property.
<br />3ie ttttlife aLii latipr Isiah d Ste' N reNWrle ~ and tMre right N aatrst N tie foteelatare
<br />~atrasAfaj Rse aaw~rMaasee ati' a tlslfait fr ifs' aRtfr ideatfe of Barrfwar N acaalerWost and foreelasare. R the bread
<br />4 tsal awl s ar 1taMaa tie rte + i Ae aoNce, Leader at Leatrbsrs optba wry' elabwe all of tie sa® seeared by
<br />~ Y 4 6au11rMe1y tae atti payabb sritiora[ farrier 3etrsaad and nary foxeioee iY jadkW proteedhrg. Lender
<br />tIN/ if ftttrlMi N letter is foci ptataf$rR ai' at teracioane, bacbtelhR, bra not Nailed te. cases of docamratary
<br />ew6itree, alfiaAs ad tiitN syaslf,
<br />l!4 ~ N 1RebslRaie. lvuawici~tmdeag Lender's ac+xlcration of the sums secured by this Mortgage,
<br />Horioser aLaH Lave Rte right W lave arty proo0odiargs begtm by Ixnder to enforce this Moogige dhcantintted at any time
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