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<br />~~~~ ~r~~~l'.: <br />Lender's written agreement or applicable law. Borrower shall pay [he amount of all mortgage insurance premiums- iu the <br />manner provided under paragraph 2 hereof. <br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional <br />indebtedness of Barrower secured by this Mortgage. Unless Borrower and i.ender agree to other terms of payment; such <br />amounts shelf be payable upon notice-from Lender to Borrower requesting payment thereof, and-shall bear interesUfrorn the <br />date of disbarscment at the rate payable from time io time on outstanding principal under the Note unless- payment of <br />interest at such rate would be contrary to applicable law, iti which event such amounts shall bear interest at the highest rate <br />permissible under applicable law. Nothing contained in this paragraph 7 shall regttire Lender [n incur any expense nniake <br />any action hereunder. <br />B. inspection, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />that ixnder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's <br />interest in the Property. <br />~. Condemnatbti. The proceeds of any award nr claim for damages, direct or consequentiah in connection with any <br />condemnation or outer taking of the Property, or patt thereof. ar for conveyance in lieu of condemnation, are hereby assigped <br />and shall be paid to Lender. <br />In the event of a total taking of the Property, the 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 Faking of the Property, unless Borrower and Lender <br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion c. .he-proceeds <br />as is equal to that 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 Praperty immediately prior to the date of taking, with the balance of the proceeds <br />paid to Borrower. <br />If the Property is abandoned by Borrawer, or if, after notice by i_ender to Borrower that the condemnor ntfers to make <br />an award ar settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice--is <br />mailed, Lender is authorized to collect and apply the proceeds, at ixnder's option, either to restoration ar repair of the <br />Property or to the sumx secured by this Martga¢e. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principa} shall oat extend <br />or pastponc the due date nt the monthh• installments referred to in paragraphs 1 and 2 hereof or change the amount of <br />such installments. <br />16. Borrower NM Rekased. Fstensien of the time for pavment nr modification of amortization of the sums secured <br />by this Martgage Granted by Lender to any successor m interest of Borrower shall riot operate io release, in any manner, <br />the liability of the original Borrower and Borrower's successors in interest. Lender shalt oat he required to commence <br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums <br />secured by this Martgage by reason nt soy demand made by the original Borrower and Borrawer's successors in interest. <br />11. Forbearance by Lender Not a Waives .Am' forbearance by Lender in exercising stn' right or remedy hereunder, or <br />otherwise afforded hq applicable law, shall not he a waiver of nr predudc the exercise of any such right or remedy. <br />The procurement of insurance oc the pavment of races or ntner hens ar charges by Lender <hall not he ;t waiver of Lender's <br />right ro accelerate the maturity of the indebtedness secured by ibis lfartgagt. <br />IL Remedies Cttmelative. 411 remedies prrncded +n this \farteage err distinct and cumulative to any other right or <br />iemed}' under this lfattgaee or afforded by Saw nr equity. and may hz extrnsed rnncurtrntiy. indcpendemly nr successively. <br />id. Snccessors and AsaiRas Boned; Joint and Several [.iabilih•; Captions. The covenants sod agreements herein <br />cantai:ted shall hind, and the rights ttereunde~ shall inure to, the respect ti ve succr.-,nt-s and a;sigm ni i,enater and Barrower. <br />subject to the pravisians of paragraph 17 hereof. All ca?venaots and agreements of Borrawer rhail be ioint ;:rid several. <br />71te captians and headings of the paragraphs of this Mortgage are for conven+encr only .rod ;ire riot to be used to <br />interpret or dtfine the provisians herto[. <br />it. Notice. Hxcept far any notice required under applicable taw io hr gwrn ,n another manner, cal any natice to <br />Borrower provided tar in this Martgage shall he ,turn by matting `uch rot+cr by ~ertit3cd mail addressed io Rarrouer at <br />the Pmptrty Address a:r at such other addres. as Borrower ntav designate by notice io Lender as provided herein, and <br />(ts) ang• natice to Lender shat{ F~ ,turn he ctirtificd mail, realm receipt requested. +a t ender' address stated herein nr to <br />such other address as Lender may designate by notice to Rnrm,aer a, a'rnv~aie.i '+en;n. ~1nv n:,tice pmvided for in this <br />Mnttgagt shall he deemed *.o base been given to Rarn,wrr or I ender ,a hen given i:~ the munrer cic;is;na!evf herein. <br />15. UeRorm NottRaite; Governirr; Law; Severability. ?-hn form of mortgage <a~mbines +:n+form ,nv~en.,ni< Erie r^,aticvnal <br />use and emn-uniform covenams wi[h 3imized variation, hq 7urndreuiin is conxtunte a ;:n,fnrm > cuntq instruntem covering <br />rea3 pmptrty. 'I3his Mortgage sha!i Se governed hp the .au ,'d the ;unsd;ctrc+n +•, u^+ith the Properts- r. located. in the <br />event that any praru3an or clart.c ,zf thss \larigage ,x the ,ie•te confticis ;a-ith .,pplicable +au-. ,uc.h as+nflict sitali rill>. affge[ <br />ether provisiarn c tYrs Ms rgagc ti. i3tr Vc,ie wh;eh .-.+n i=e 4ivrn etir-i a.ithani the c5ni'riiue ,.n;a~i>ia^n. arid; td t~s <br />end the pcovisians"rof the ?"dortgage and the \nte sre ,3e~,lared tc he <:verable - .. _ <br />Ji, •orroweis Cop3. Borracarr ;hat: tx f:trn+shed s :saniamtrd aaapy ,,; ihr 'gate .:r..! 4,i chic lfwtttafte a{„ the^'t#i~e <br />of execution ar after rrcordatien hereaf. <br />17. Traart'er of t-e Pnrpert.; Aasnmpiion. It alt er ant part of the t'rnpert}' .•r an mzrrcet therein is s,,ld o.r transferred <br />by Borrower wnhaut Ixader's prier wriuen concrnt, exctudinz +a+ the .rce t;em of s #den or en.umbrarice ,ubanimate to <br />this \lorig~age. !bi the creai+an of a purchase monep ,e, urur ;merest for hou.rhoid appiranre.. +zs ,. tratafer he ckcise. <br />descent ar by aperation alt few upan [he death of a ;arm tenant :•r - - <br />'- Leatder +na}, at Lender'. apann. declare aJl <hr summa, seti.rred by the Rlurtgaye u+ he <br />immediatel;' due and payable. lender s4;ait have uarsed +i,ah nptron t„ aa;:°;rr:etc +," ~rir+r to tbs. ,:+tc a+r ira+uier I ender <br />and the lx:rsau to whom the Property +> to be sold +ar tranaltrt ti *~:a:h sgrrc,mrnt ,^ ., r+trng t4a+ the are,i+t of suti ii l+trs„n <br />is satisfaciarv to Lender and :hat the interest pa)-atrle .~a the z;:n.- s silted M *lii, .'vtorg::~e +. .; he at <.+.:h talc s+ t.e+rdei <br />shall rtyuest_ if l.encltr has waived the :+punn ra acr'krdre ?rirr;d~.i ;n t#ixx ?+aragraph 1 Z ,rid +: Rnrrnu c+ . successor ,n <br />interest has tx~uted a wruten assumption agrt~meia aseptrd in urinng by 3 Winder. i Winder hall release Bor rou ar from all <br />o,}rlig32+ans ::ttder chi; Mortgage and the tiaie_ <br />Sf l..ender eaercists such optxvn to acceierati:. Lru ~.r sha31 ma.! Bo:ru~acr ~at,s ~^., sc~elerarn,n i:_ a,rdan~e uah <br />paragraph l~ hti'ez=f. S-a-h nut:-~: she]: prr..dt a petted .-t r.,i : .- ;h,.n +f, .;- ,r,;m ;z date the n~,t i;;r ~i, enai~ed a=ith:i: <br />:v~ich Br+rruutr ma's l+a)~ the sa:ms d~larea: due If Bo; r:,v: cr lat.. •n }~.ii =uci; ~~:mz pr n+r to the _apirnt+:,n ,;f =oar hr+od. <br />Lender ma}. withtsut farther natice ar .irmand nn Barrower. ,nsaai:e any record+es ,ermrtic~d h. ^~ara;~,ra h ;.< h,ttrni <br />tva->r-U~'trUttae Cav~±s,~r.xs. Borrawer and l_end~r furber cF?acnaut ,<nd ::., roc ys toi:aw, <br />1& Arcdsrat3un; Rxmedits. Except as prodded in parai;raph t7 htrrut, upon Borruv+rrs her-~+ch of and roaeaant or <br />agreement of Harrower sa t6is Nartpa@r, 1nrlodiaR the raF~eiunis to pat uhen due any nuns secured b_y this 1lortgay;e, <br />l,eadsr prior Io arcekratine .,Wi itrail rotice l0 8orrowci as prov idrd in paragraph 11 tu:rcuf specifyinK: t 13 the itmach; <br />t2) the settee rgtiired to i'WY site), bnack; l31 a dell, not lea bran 3ti da+s: fnrur rhr date tree trotice is mailed to &xrouer, <br />ly w•MieM week 4eac! mast he tared; aid ill that tailors to cure sorb breach on or hetorr the dais sptcifird in the rotirr <br />mtrp rtwh is actakratien n# tYr:snms serored by this \~lorit;aae, torerlosure by judicial pn+.•rediiy; and sale of the Property, <br />11te aitlirt eYaN ftutliet itafoim lierrywer of f4c rylAi Ea rrinsEWt after ac<tferatitw and the righE hr assert is the t'orrchtsurv <br />prirctrpdiprp„ iMe trnia-exactors of a de#auii or an} other defense of Borrn>Srr to acceier:itian and toreciaxsur.^. If ttrr breach <br />is irW cared_tto a before the date speci4rd is ibr notia~e, Lrrrder at Lrrutrr"x option rosy alecl'rrg ail ++f the Sums rtecurrd by <br />[4k 1toRQagc l0 6t immedliuely dye rind payable .+ithrrut faiYber demand and may frrrrla+r b4 jadreiui pro. crdiiq;, icndri <br />rtiaU Ae eotiskd !o roJkrt is such proteediea ail rapensrs c?t foredaaure. in. hiding, hui oat limiErd fc,, rost4 ci doeumautart <br />t+ilentt, ahsirariz sad tilk rrpntts. <br />t <br />#4. iorrcrrrrr's Rigbi to Rt'sn~=yte, A .tithst..n3.+,~ ,:,rtes , .., ~.,. .. ~„ ,.,,, -. s .. 4t,• - _ <br />Ba?srtrw~r shall have t~hc rigltr re- have un} , r _.;.azl, r~, t,c.~,r., t~, i r a,;, .. _ +n. tt, , ~_,t,, t ,.. ~-, .:. ,., .- - ~ ~. <br />