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Leader's written agreement or applicable law. Borrower ;halt pay the amount of ail mortgage insurance premiums in the
<br />manner provided under pazagraph 2 hereof.
<br />Any amounts disbursed by Leader 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 shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />dale of disbursement at the rate payable from time to time on otnsianding principal under the Note-unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shalt bear interest at the higher rate-
<br />per~nissibie under applicable law. Nothing contained in this paragraph 7 s'hail require Lender to incur any expense or take-
<br />any action hereunder.
<br />g. [aspeeHon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided-~
<br />that Lender shaft give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's-
<br />interest in the Property.
<br />9. Cot[demnaHon. 'The proceeds of any award or claim for damages, direct or consequential, in cooneetion with any--
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lien of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a feint taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />wiTh the excess, if any. paid to Borrower In the went of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mottgage such proportion of the-proceeds-
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately poor to the date of
<br />,taking bars 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 abandoned by Borrower, ar if. after'notice by Lender to Borrower that the condemnor offers to make
<br />,~ an award or 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 Lender's oprion, either To restoration or repair of tht
<br />~*~ Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to ir. paragraphs 1 and ?hereof or change the amount of
<br />such installments.
<br />3.0. Borrower .Not Released. extension of The time far payment or modification of amortization of the sums secured
<br />by this Mortgage granted 6y Lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />o the liability of the original Borrower and Borsower's successors m interest. Lender shalt not be required to commence
<br />proceedings against such successor or refuse to attend rime for payment or otherwise modify amortization of the sums
<br />secured by this Morteage by reason of any demand made by the original Borrower and Borrowea's successors in interest.
<br />11. Forbearance by' bender \ot a Waiver. .4ny forbearance 6v Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall net 6e a waiver of er preclude the exercise of any such right er remedy.
<br />The procurement of insurance er the payment of taxes ar other liens or charges by Lendee shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mottgage.
<br />12. Remedies Ctumulat-se. Ail remedies provided m this Mortgage are distinct and cumulative to any other right ar
<br />remedy under this Mottgage or afforded by law or equity, and may 1)e exercised concurrently. independemly or successively.
<br />13. Sracr:t~sora and :+.sxi¢ns Bound: Joint and Several Idabfllfy: Capdons. The covenants and agreements herein
<br />contained shall bind, and the rig'`is hereunder shalt inure to, the respective successors and assigns of Lender and Borrower.
<br />subject ro the previsions of paragraph 17 hereof. Alt covenants and agreements of Borrower shall he joint and several.
<br />Toe caotioas and headings of the paragraphs of ;his Mottgage are for convenience only and are not to be used to
<br />re 1J. 'YotEee.~ Except 'for^any notice royuired under applicable law to be gluon in another manner. fa7 any notice to
<br />Borrr+wcr pravidad for in this Mortgage snail be given try marline such apace by cernfied mail addressed to Borrower at
<br />P ape A drams ur a- --- -- -address a3 Barracvct may dasignaee by notice to Lender as provided herein, and
<br />1b} a a Ler:_er s;^^~:11rbe ttiv°_n by •-arti5ed mat?. rococo r4carpt raquastcd, to Lender: address ;tared herein c- to
<br />SuCn vine ;aa'u(rss .:3 LCndar maY deSlenate 6y Boric[ rt) $or(OWCr aS prOVided hbreln. .4nx' traClce pnv[ded ter !n chic
<br />Mo[TEBYC Shall 6C dC[Rted :a hat'C been given '-] Borrower er [ zn[ler •uhep ~ib'en in rhw mannw~ r3ewi~n~rwet 4ermjp
<br />i~. Linif~orrrr i•iortttage; Guv4rnEn¢ Law: 5ereraM'l(ty. ~Tlus farm of mortgage combines uniform covenants for national
<br />us- and non-uni£anrt ccvenams ~+-ith limited s~arranons by lunsdtcupn m cunx[i[ute a umfertn sccur!ty msrrvrn?nt ~_evering
<br />real progeny. This Mortgage shall tx governed by the law of the iunsdicnon .n which the Frpperty is Ixaced. in the
<br />event that any provision er aausc of :hie Mortgage or the Vero cantiicts with applicable law, such conflict shall not sftect
<br />ocher provisions of this Mortgage ~.~r ,ha Vote which can `.>e gtvrn affect wnhout the rondicting provision. and :o rhts
<br />end the provisioro of 'hc \{artgage and thr yore .ere declared to 6e severab}e.
<br />1.5. Borrower's Copp. Borrower shall re furnished a conformed ropy of the Vete and o£ .his ~'fottgag4 at [he time
<br />of execution ar after r_c:ardation hereof.
<br />17. Transfer of the Property; Assumption. 1f sfi or env part of the Propern• ~~r an ~ncen:st therein is sold it rransferrcd
<br />by $orrower without Lendei s prrot wriuen conscor, excluding ;ar the creavon of a lien or encumbrance subordmute [o
<br />this Mortgage, tbi the cr4atran ~,f a purchase moray :acurity interest for hausehaid appliances. tci a transfer by devise,
<br />descent or by' nperacton at law upon the ..kath aF a tarot tenam or (d) tF.e grant of any ieasnhald tntrr~t of three nears ar 14ss
<br />not containing an notion tc purchase, [ ?ndsr may. at t Winder'<. opuun. d~!ara a!1 the s^ -ay+ hey t1t:x 11c,^,gagm to h:
<br />imrediately due and payable. Lender shall have war+•ed ;uch option :o accelerate ~i. prio•r te`;he ,ale .sr transfer Lander
<br />and the person to wham the Property n tc. be sa>Id or transterred roach agreement :n wrung :hat '.h4 a~edn of ,uch verso,
<br />Es satixfa:;tory to Lendet apat that the :ntrr4tt pa}'ablc on the <_um5 s>:cured yy ;his ;iortgage ;hail ye s.:.h -eta a..-cedes
<br />shat! reytust, if Lander has warned :he opnan to accelerate proe)d4d .n thts paragraph 1 .and ~f Bnrn?war ~s .uccessor .n
<br />interest has axer:uted a wnttcn axsumpuan ayr4emrrt accepted m wriung by Lander. Lender shat! telr:uc Barr.>uer scum .xEl
<br />cbtigatians under this Mostgagc sad the :Vote,
<br />!f Lender axercisas such option to acteferata, tender snail mail Burrower nou;a p ~eterauen .n .r. <urdan~a ,rich
<br />paragraph t4 hrreot. Such naaae snail pruvtde a :;<nod of nor !CBS than 0 .lave fn?m the dare thz :*_ 34. ., neutivd a-utt!n
<br />^xhich $orn>wer may pay the ,u;ns #r`clared due. If Barra+.ar rails •o pap such +ums poor a the cspinr,ou~.•~t , n rcrsod,
<br />Lends may, with:~ut fac:hrr aa,.,_..., demand ::., Bcrruw4r...,.u~a any rerrrdies xrm~Fted ' . - agratn ' ~ era..,
<br />Nov-Ut~teoaax Covt:r+.vtvrs. $crrowar and Lender further cuvrnunt •ind agree as 1c+ticws
<br />1&. :iscakratias; Rettrrdirs. Farrpt its provided in paragraph !? hereof, upon Harrowers breach .,€ ant env~a~~el or
<br />agreatn4nt of Borrower in ibis t~iurtgage, including the covenants nr pay ivhnt due unr sums ucur'rd bg this ~IurtgaCe.
<br />Leaner pries Eli acce~eatiun shall eclat! lUrile4 to tiurzuwar as prnvid4d in p«ragraph 1a Fserruf sp4ri£y irt;;t tit fife hreactt;
<br />C~) `~ aer,tsa r4yufred to care sash btr:ash: a3) s dat4. oat t4sr thou 31i days €rant the date the null--r r mailed ni 6aeracscr.
<br />by which such br4ateh roust b4 corer d; and !1} that lettuce 4'I cur4 suc4 breach on ur h4turr the date .pen itird in the notice
<br />may rrsuEt in acceleration o€ the ^;ums secured by this 1lortgaE;4. foreclosusr bg judirirl procrrdlug attd sale of tt;4 Prupr erg.
<br />Tire nutEte site!! fitrther inFonn $urcoa rr ul the right to r4ita+tate afire ,vccetrratioo and the ri;;ht to s+.crt in the iore•a to>ur.
<br />prrn44din}, the rmn•exiSErrtce ,sl a de£aulf ut any ~+thcr defeusu ut Burtnvrer to ac celersrion and iuredusurc, tE the breach
<br />ir. nil[ cared un ar hrFcrr the date sprcifi4d En the uutier. Lamtrr at Lender's upttun mag de. I.ue ,+h ..F the ,nun ,. red hi
<br />this J•lurtgag4 to tx immrdiat4ty due oud pay ante +.-itbuut further drraand and mui funci.ier b+ tudicint prn~crdinq,uf ender
<br />5iiW11 b4 CRC1t14d tV Calt4a[ in SnC'Er pra.4edlnil a1f l'xprrtsr5 u! farrclr3.arrra. Ina'tadiriX, hat auf hnrtted tu, cuai.r u1 dun urea alai)
<br />t Ylrit 4 L'. ala8trl{f rS anti rit14 fYpUrix.
<br />_rl_ 13a,z veCr'x Itt~1a. tea ten _._. Via,-. _, ~_-.. ~.- ... - .. _~ ~ ~,. ..
<br />ra - - - - - -
<br />n_:._ '., snrii nqv;, ;tT r<- _ z..; r. ~. _=c _u.ev hv.r ~.. .: ' . .:. s ..
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