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<br />Lender's :v ritten agreement or applicable taw. Borrower shah pay the amount of a8 mortgage insurance premiums in the
<br />manner prevrded tinder paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall txcome additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms eF payment, such
<br />amounts shat! be payable upon notice from i.ender to Bottower requesting payment thereof, and shall Atar interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Notc unless payment of
<br />interest at such rte would be contrary to applicable law,-in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />:my action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnaton. The proceeds of am• award or claim for damages, Jirecl or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, nr for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property. [he proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Borrower. In the event of a partial takine of the Property, unless Rorrower and Londtr
<br />otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured Ay this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />if the Property is ahandoneJ by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Bormwer (ails to respond to Lender within 30 Jays after [he dale such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option. either to restoration or repair of [he
<br />Properly or to the sums secured by this Mortgage.
<br />Unless [_enaler and Borrower othetu•isc agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the du^_ date of the monthly installments referred to in paragraphs I and ~ hereof nr change the amoun! of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for p:n•ment ar modification cf amortization of the ,time secured
<br />by this Mortgage granted by i_ender to any succ, ssor in interest of Borrower shat! ncu operate to release. in any manner,
<br />the liability of the original Burrower :utJ Horrower's succassors in interest Lander shall not he required to commence
<br />proceedings against such successor or refiise to extend rime fn: pavmcnt or otherwise rnodi(}' amortization of the sums
<br />secured by this Mortgage Ay reason of am- Demand made M' the orieinal Borrower and Borrower's successors in interest.
<br />11. Forbearance by ixnder Not a Wafter. Any forbearance h}• Lender in excrcisinc anv right or remedy hereunder, or
<br />otherwise afforded by . ppiicafile law, shall not he a waiver of or prectube the exercise of any such rigfit nr remedy.
<br />The procurement n' insurance or the payment of taxes or other liens or charges he Lender ,hell not he a waiver „f Lenders
<br />right tit ai slerate the maturity of the inJahtednesx ,ecureJ M .his Sk,rigage.
<br />12; Rxintrdit~•~Cernnittgve, A1Wrlmcaiics procidcd in thi. \l nrtgagc arc ,listinrt and , u:mdalivc to any ,aher right or
<br />rentrdt yr+der this Mortgage nr"aifavdeji by law or ayuity. and may to axercise.i concurrentlc, indepcndernl}• or StlCl'CSSIYCiy.
<br />73. Straoeasota. cad AStipns• Hmtnd; Joim and Several i.iahility; Captions. The covenants and agreements herein
<br />contained shall bind, anJ the rfgfifs"hereunder shall inure n,. the respecuca suxass„rs anJ arigm of Lender .end Rorrcwer.
<br />v:bjeit to the provisions of paragraph 1? hereof. :111 cotenants and agrermants of Borrower ,~~:II be joint .end several.
<br />The captions and headings of the parrgrapfic of !his Mortgage :ere for .om'emena• only eau arc not ;e Ire used to
<br />interpret or define the provisionx hereof.
<br />14, Notice. Except for any notice required unJer applicable Los to Ae gtacn in another manner, ia1 any notice m
<br />Burrower provide) for .n this Mcngage ,hull }+a g~ern ht marling suite nonce by <crtifieJ mail addrrsseJ to Borrow er at
<br />the Pn,prrtt vJdrecs .,r .r ucA „titer ,,dcirest ,s Bormwer mat Jes~cnate h\ a,aiie a, i.cnder as prnviJcd herein.:mJ
<br />tb: auv none !,• Lcs:ier ---hail !>r g;\co b: xrtificJ mail rearm recetpt rc-questeJ, m 1 andcr's adJrese stataJ herein .x to
<br />sucA ,'thee rJJren +. i :ndct ma\ dcugnate is nau:e to Bortnuar as prottdeJ 4en•ut. 4nv rolice provided for n: this
<br />Mortgage shed he Jre:nc.! ~:• 1,- ts-xn a <+ ro Ha,rmwer a ! order when rvrt in the manner Jesienated he: eir.
<br />I5. lnitnrm ~tortgate: :oerrnitpt law; ga•\rwbflih. l}re form .,f nv,nc;tge , on4tinrs uniform revenant, kti r.nhonal
<br />use anti m+munifnrm _~ -- .. s +•th !united ,cocoons by nu:<diruo.^. ti, ;nasta:ue a ,mi(orm se.untc i~tstrume:a iovering
<br />rca! properfs f'ru, \L•`.z •ee +in,l' t>c govaneed h\ rho law of the nuts,L.uon ~~ which the Propertt r. lasatrd. In the
<br />avcm :h:+r :nn pt.,t sa,r .;nsc ,•t this Mongagc or rhr Nolc rontticts :s tyre .gtp'iia ~thic aw. ,u:h conflict .I:.JI not affect
<br />other i ,u of :ten Vongaec ,a the V,rc wh:.h , ba ;. eon elk.; wnhunt the u,ntli,ung pens isinn and :n ,his
<br />rnJ tha rpra\isinns .rt she Sfortgagc .utJ rhr v,na err ,ice 1',red to ',a• erablr
<br />16. Borrower's Copy. Bornnvar shalV he GrrnisheJ .+ con Rx mrd .-op} .,I 'hc Votc .:n.i ~.,I •lu. Mortgage .d •he !:ate
<br />of exeartion or after recordation hereof.
<br />1T. "Tramfer of rhr Propertt; Assumption. It all or am part at the Propane ,,r ::n :mPrtci therein i, s~+lJ .+r trandenrd
<br />by Borrower without Lender's pi for wriUCn cmtscnt- excluding ,:,~ rho cnauon of ,r !,cn ,•r :n. r:mhraoce cuhordrnara to
<br />the Monguge, Qtl the creation of a purchase owner scn:ni} ,ntercct for fxnnehold ..pphena•s. tc: a trmc!_r h\ des tee.
<br />Descent or Ay operation of law upor, the Jtath al a {putt tenam or
<br />' LenJtt ,aat..u Lander: opr~or,. ded.ur di ifir sr n, secured he ihs Ato,tcagc [., he
<br />mtmedudaly Juc and ptsyalHe I cnJci shop tease ,, :usad ,ui'• opu,m n' :,.clr,aa' ~I o~•i,a in the ..Je r.r t: mts(er, I :ndcr
<br />anJ rhr person m whom the Proper ry' i. to ha ,oW nr tranyer red leach .,!;,ecn,rui ~. wiurta th.rl Ihr credo ,~t ,nit i><•nnn
<br />!s saUs!actnrr to i ender ;mJ tA:u the in[ete.t patahla on Ili: ,u-u, sn eyed 1+s rtes lkntguge ,hail he .u "late r,+rr .~, 1 . a..In
<br />shall request if lender hoe waived rhr .,ptinn to accelrr.,te pi at nicd u: thi. p.n ng, ;,ph 1' t!t,t .f Borrow c,-, vi, sa,.,.v .r.
<br />+ntefest h:u exacutCJ a wntttu asaumpuon agreement accepted :n writing by Len,ter. I ender Shull ~ela•:ne Horruwci from all
<br />ubligauons unJer this Mortgage and rhr Noce
<br />It Lender csarciscs such option to aaieler;ire. Irn.lar ,h.rli m,id Bou ow er noua• of an eleranon ~n as ord:utie with
<br />paragraph !4 harm( SucA noUCr chap provide ,period :,f :n,!. !ess than 3p d,n, (r<,nt the cote :l:r d.+l isr :; ,.,.ailed ,; :'!;i::
<br />which Bouuw er may pa) :he ,oars do's 4n c,I due II Horrowcr !ails a, p:n sn,h ,aim pr:-.e ;,, the r\pii., u.~.•:.~t~ ,,..h ~., ~ u
<br />Lender ~ttay, w-shout further nonu• ar ,ient:tnJ .,n tto•r,wer, urvnl.c nn} remedies pu unlte,l bt parmgr nl,h ix i;err"t.
<br />Nov.L~vu~oµsa l'ove~sn rs Htu rower .utJ ! cadet lurdter eu\en.un :uu1 ,grec as follows:
<br />Ig. Arcelrratk+n; Remedies. Facrp[ :u prm ided in pau+kraph 17 hetvvd, upuu Rormwer breach of mq n+srnant ur
<br />aytreemrnt of Burrower in this ~tortgagr, iuciuding rhr eu\enanh to pay when due nuy suns secured by rtes '1lonaatte,
<br />lender prior to acceleration shall mail notice to &+rrowrr a4 pros ided in paragraph t4 hrrnof specifying: ill rhr Areach:
<br />(211he wtinu requited to curt such brcaa•h; t31 a dale, not IeW than 3t1 duys from rhr Bute rhr uoticr is mailed to Burrower.
<br />6y whic4 wch breach must he cured; and 141 that faiinre to cure such breach tin or t+efarr the Jate speciOrJ is the rmticc
<br />may resuh in acceleration of the sums secured by this ,Nor[gage, tonclosum by judiciul pnxceding curl sale of rhr Property.
<br />The nolkr shall further inform Borrower of rhr right to rcinstale after acceleration and rhr right to veserl in rhr [nma•Imum
<br />praxeeding the non-existence of a detauB or any oiftrr rktrttu of Borrower hr acrdrration and foreclosure. If rhr Arc:+cb
<br />is rtW cured on or before the date spetilfed in the uoticr, Lender at Lender's option enay Jeelarr alt of rhr sums secure) by
<br />this Mortgage to bt immediately due sod payabk without Further demand and may foreclose Ai juditioi procreJing. LenJrr
<br />shall be entitled to collect in such proceeding alt expenses of foyer htmrro, indudfng, Imt not limited to, cods of dotamentary
<br />evidence, abstracts and title reyorts.
<br />tq. Borrower's Right to Reiustale. Nntwi[hstanJ,ng f,cndn-s .tsccier;, h,nt .a the- .time xcon•+i by this SR,rlgege.
<br />Burrower shall lave tha right ,•+ have ,my pnticedings hagun h} !ruder ro cute,;. •- the Muug;,gr Jisanuinuad .a .m} unit
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