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~a-- Oi;263~
<br />Lender'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 amoantx disbursed by [xnder pursuant to this paragraph 7, wi?h 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 />amamts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shalF bear interest from°the
<br />dato-of disbursement at the me payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would -be contrary to applicable law, in which event snch amounts shall bear interact at thehighest rate
<br />permiasi6le underapplicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />B. ineperNiou. Lender may make or cause to he made reasonable entries upon and-inspections of the-Property, pmvided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable- cause therefor related to Lender's
<br />interest in thePioperty-
<br />9. CondemwaHoa. The proceeds of any award or claim for damages, direct or consequential, in connection with- any
<br />condemnationor other taking of the Property. ar part thereof. or for conveyance in lieu of condemnation, are herebyassigned
<br />and shall be paid to (..ender.
<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 m Borrower. in the event of a partial taking of the Property, unless Borrawer and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion ^r the proceeds
<br />as is equal to that proportion which the amount of the soots secured by this Tsiortgage immediately prim ra the-date of
<br />taking bears to the fair market value of the Propem• immediately prior to the date of taking, with the balance of-the proceeds
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower. nr if. after natice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Harrower fails to respond to Lender within 30 days after the date such notice .is
<br />mailed, Lender is authorittd to collect and apply the proceeds, at Lender's option, either to restoration or repairof the
<br />Property or m the sums secured by this Martgage.
<br />Unless Lender and Borrower otherwise agree in writing, am- such application of proceeds to principal shall not extend
<br />ar postpone the due date of the monthly installments referred to in paragraphs 1 and '_ hereof or change the amount of
<br />such installments.
<br />10. )sorrower Not Rekatred. Extension of the time far payment ar modification of amortization of the sums secured
<br />by this Mortgage gra.:.ed by Leger ?a a=}y succe:sar in in?sees? of Harmw•er shah not oocmte to release. in anY manner,
<br />the liability of the anginal Borrower artd 3crrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refit_se to extend time far payment ar otherwise modify amartizatian of the sums
<br />secured by this Mortgage by reason of any demand made by the orieina! Borrawer and Barn wars successors in interest.
<br />t], Forhearaatt 6y Lender Not a Waiver. Any forbearance b}• Lender in exercising atn• right ar remedy hereunder. or
<br />atberwise afforded by applicable taw, shall rtot tx a waiver of er preclude the exercise of env such tight ar remedy.
<br />The procurment of insurance ar the pa7meni of taxes ar aiher hens or charges by Lender chaii not he a xraiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by tMs l•]ortgage.
<br />la Retaedies Caetnlali~e. Atl remedies pro,-ided in this Mortgage are distinct and cumulative to any other right ar
<br />remedy under this Mortgage or afforded by law or equity. and ;,tav be exercised concurren==-ty. independently ar successively.
<br />13. Snrcessors and A~tn Bound; loin[ attd Several i.iability: Captions. The covenants sod agreements herein
<br />contained shalt hind, and the rights hereundef• shall Inure to, the respecnve successors and assiens at Leoder and Borrower.
<br />subject to the provisions of paragraph 1? hereof- Alt covenants and agrements of Borrawer shall be faint and several.
<br />11te captions and headings of the paragraphs of this Mortgage arc far convenience only :roc: are not to he used to
<br />interpret ar define the provisions hetcat.
<br />10. Notice, Except for anp natice required under applicable law to be given in another manner. ta'r any notice to
<br />Borrower pmvided far in this Martgage shal4 Ix given by mailing such n~~tu' by .crtctied mail addressed su Berrowcr at
<br />the Property Address o: at such other address ss Borroa~cr ma} destgnatc by notice to (.ender as pmvided herein, and
<br />{bl any nation to Lender shall Ste given i+y ceruF^d mart, return recertrt requested. to ! ender's address stated herein ar to
<br />such ether address as I-ender may desi¢nate Icy notice zo $txmwzr as provrdcd F:erem. ~1nv Warier provided for in tfiis
<br />Mortgage shalt be dtemed to have been given to Harrower nr I ender when green in the msnner designated herein.
<br />13. Utulann MtrtYt<aRr, GovernieR Law: Severabilitr- 'r]!rs tc:rrn .?f mortgage combiaes on+farm r;~,'rnants fee nauanat
<br />use and non-uniform cavenan?> with limited variations iv j+xr+.hctiun to con;rirute a q[i{tirtii~-securty instrument coveting
<br />rtal property. This Mortgage chaii be governed by the law a' the turischctran ro-w-hioh FbC.~Pmpeny as located. In the
<br />event that any gmvision or clause of this Martgage +;r the N,~ac _nntlicts .~_i!,#t._ appiitakle law: such conflict shall not affect
<br />other pravisians of this Mortgage or the \ate which can he t;a:en :fleet w:ithattt=the con?icting pravisian, and to this
<br />ettd the provisions cf the Mortgage and the ".r-te are declared !<+ tae sev~able_
<br />lf, lotrower's Copy. Borrower sha13 Ex (nrrtished a can(ormed .opy nt the !ate and r-f thn hartgage at the time
<br />at execution ar after rc.•-cxdation hereai.
<br />17. Trttrdn a( tltr Tropett~; Aswtaption. If all or any part .~t the Pmin:rn or an err?crest therein is se!d nr transferred
<br />by Harrower udtlKwt Lender's friar written canseat. ex.luding tnr the creation of ti icon or ene,:mhrance suborcfinate w
<br />this Martgage, 1,b1 the creation of a purchase money :rYUrir; rntc.rest for 'r„+usehaid appliance;, tc1 a transfer by de:--ice.
<br />descent ar by aperataan of law upon the death of a jarnt tenam or •
<br />Lender ms}, a? Lender\ upt;r+n, dcciarc all ?hc soots secured by this ~]artgage to tee
<br />immediately dtte and papabie. i_ettder shall':ave carved ,uch aptton r,r a.ccierate .f. , liar to the ~eie or transfer. Lender
<br />aad the pcrscw to wham the Properly is tcs be said ar trans±erred roach .rgre~ment rs ~.+r.ung .':at the .radrt of such ]rserson
<br />is satisfaetary la Lender and that the intere.t pa}able ,gin tic tun:, ,.~tarCY] hs ts;i, '.]ot [gage ,...,ii he ..! cir.h rate a, (.ender
<br />chaii ra.gtrest. tf (.ender has w°aix-sd ?he aptian to a ~eic..-,tea r loci ~r: 'St+. paragraph ?? :end ~t fiutrrrw ~~; u«essor rn
<br />interest ita*t;YUUitd a writ?tn YSSUmplron .?~reemeut Yccepi2d in +x ruing h}' t en~3er- t ender ,F alt reies.c Barroe~er tram atI
<br />abiigations under this Mortgage and the late.
<br />If lender cxe~~ci~s stash s~ptlan to arcekraax_ 1 ca: er ~?rali ; ; &:.r- per aot;cc _. _ ~eleratr.m ~. _,~,rrdance with
<br />paragraph l3 hereof. SUL`$t n~tr chaii praxtdt s >'_xrx~d of n:*; le~s atharr 3?2 da2'> irt,m the date the a~.,,~~ :+ nraiied wit?rrn
<br />which Harnwer ms} pa} the sums de:lare:i clue- 1 Harri,xer !a;i, ~. ,ac ~u.h +=+m, o-;.,r i ..... ,;:r::a i.,;+n ~ ? :uch pcricxi.
<br />Lender ma}', without further Wooer t-~t r3ettiand <+a }tarroucr.:n+t+%e an} :emcd+e> pzrni,t:e.; ns~,,:rag+aph +;; heraat,
<br />No!+-i~HttF`Ualt SroYE?\R'4ifi. Barr:rwer 3dk7 l.d'ndt i ,`Utilise ~x?t~n,nrt aiTd a!;rCe a~ tt?1:aWY
<br />t& Asceleratioti; Remrdiek Faeept su psevided in part>;rapi ]7 ttcnrof, upon Burrowers brceci of any covenant or
<br />ii0rrctiweat of tiarrowsr is Htr. Slortgaaz, ins==}~iryt lie r:-,vrtnauts to pap wpcn due an} suer. xcurer] b} this ~toAttaRe,
<br />[.fader prier W accskrttlion siril mat{ ootke to 1lorraNer as pravideil in paragraph 13 hereof specif}'iny;: i I] the breach;
<br />tZ) tLe atfiatt te~tiitcd to e[rro sneU Mead; {3t a dais, twt lei than .~ da}s from [bc date the rwttee is trutiled Ilk Borrawer,
<br />Dy +vUiry[.rtaCk MexY ante[ •t cared; and (J) that failure tp cure suet breach oo ar before tits dal: specibsd in tic Worley
<br />tray resaM 4 scxderidiw of t-r xnnis sscttred ey [his ~ktrtysge, turectosurr b} judicial procoavtiog a?td sale of the Proper[}•
<br />lie itptire td[aY fart#er fdan[y inrrawtr a( tie ryllu to reinstate After acceleratiuu and the right to avssrt in the i'oreclasurr
<br />ptgr•KOintr tltr aqs[-esipegcs p(a default w agI ether defeasc of Bor•ran~er to acrrieratinn and fsrectosarz. tf tic hrrari
<br />it trot mired as ur ic[arc sir Oats vprcibed in ti; Worcs. lender A! Ixttdtr's option matt tleciare a[I of the .yams secured by
<br />dik blahs to M ittitwsdiatelY des ~t payable vvitbout furrier detaattd and nttr} 3atrclat4e h} judicial proicedinf;. t order
<br />sitaU ie rattllded ire rollers in sues, prtucredrleg aN expenses of forvchrsure, including. but n,ii tial[Ixd tu. ,-o..t, ut dcu emrentnr}
<br />cvidtncs, a4xtsactx and title reports.
<br />i9, 14[rowtr's Ri()[t fa RcitadAte. \Entw ash=ta^d;ng t cnde+, , +t F,:r t3:x ,~rt+4 'ciJ lief, Oi, •: r,; ,r;~
<br />Harrawc~ shah have ahc rift te> ha.te pis pea ec'aiirg+ t~gua r,, F , ra- t .. ... 4]oab t, ,..,r- .;. ; ..~F
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