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<br />Lender's written agreement or applicable taw. Borrower shall pa}• the amount of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph ~. with interest thereon, shall become additional
<br />indebtedness ofi Borrower secured by this Mottgage. Unless Borrower and Lender agree to other terms of pa}•ment, such
<br />amounts shall be payable upon notice from Leader to Borrower requesting payment thereof, and shall bear imeres[ from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary m applicable law, in which event such amounts shall bear interest at the highest race
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or lake
<br />any action hereunder.
<br />g. ItrspeeNon. Lender may make or cause to he made reasonable entries upon and-inspections of the Property; provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property. -
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, iii connection with any
<br />condemnation or other taking of the Property. or part thereof. or for rnnveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a total taking of nc~ Property, the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess. iF am•, paid to Borrower. in the event 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 Mortgage such- proportion of the proceeds
<br />as is equal to [hat proportion which the amount of the some scarred by 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 abandoned by Bonnu•cr, or i(. after notice by Lender to Rnrrower that the condemnor offers to make
<br />an award or settle a cltim 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 option. either to restoration or repair of the
<br />Prcprrty cr to the sums secured ` . ,'.fortx„ge.
<br />Unless Lender and Aormwer ~othcrwisc agree in writing, any such apphratinn of proceeds to principal shall not extend
<br />or postpone the due date of th% monthly installments referred to in para¢raphs f and Z hereof or change the amount of
<br />such installments.
<br />10. Borrower NM Released. Extension of the time for payment ar mcdifirt[ion of amortization of the sums secumd
<br />by this Mottgage Granted t+y T.ender to any successor in interest of Aormwer shall not operate to release, in any manner.
<br />nc~ liability of the original Borrower and Borrower's successors in interest Lenafer shall not F<e required to commence
<br />proceedings against such successor nr refuse ro extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Aorrowet's successors in interest.
<br />11. Fnrbearonre by Lender Not a Waiver. :1ny forbearance key Lender in exercising any right ar remedy hereunder. or
<br />otherwise afforded by applicable taw, shall not he a waiver pf or preclude the rxereisc of any such right or remedy.
<br />The provrement of incur anec or the payment et races nr other liens or charges by Lender shall na he s waiver of Lender's
<br />fight to accrlera[e the maturity of the irdebtedncss crcvred by this \iongagG.
<br />12. firmedies Comalative. .0.11 remedies prodded in this bfongage arc distinct and cumulative to atn• other right or
<br />remedy under this Alortcage or anordrd by law nr equitc.:md may hr exernsed cnncurnntlc. independently or successively.
<br />i3. Successors and <Assikns Soured: Joint and Several liabiHts•; Capdores. 1?tr covenants ar;d agreements herein
<br />contained shall hind, and rhr righa hereunder shall inure tn, the recprenve sucersa,rs and acciens of i,ender and Hormwer,
<br />subject to the provisions of paragraph i7 hereof. Ail covenants and agrremrnta of borrower shall be join[ :end several.
<br />The captions .-end headings of rhr paragraph. of this Atortgagr :ire far convenience anh ancf arc not t. he used to
<br />interpret nr donne the p: ovicinm hr:eni.
<br />IS. Notice. Except ter nn}' notice required under ^pplictble lau to he given m :mother mariner. I:Y! any notice m
<br />Borrower provided for m this Mortgage shall hr riven by marling such nonce by rert,tied ma4 adzinssrd to Aormwer at
<br />the Prnpett} Address .+r .x ;ctth thGr ,r.idrec, a=. Herrnwer may drstgnatr h}~ nc:ticc to i _odcr as provided l±crcin, and
<br />('r.) any notice ;o i_encicr shad he ewer. ht ceruhed n:aii, reuirn r..a ipt requested. b* i.encie r•s address slated herein or tp
<br />such other address .is I rpd,r ;r,;4 deaignatr hs- notice n. Bor r.vrr ss prrw~d~' hrrerc,. Airy notice orcvidad 'or in this
<br />Moe ° ,,,.,,, „~ v°ccumu ,i .,~.< «, - ~-n .~..,~., ,,,...Gr , r , ~-ndi:r :.hen :. yen 6, ,.,4 ,..~,.,,~, ., _ ....... .. .. ..
<br />~1.5~~ (Leiform liorlgagr; GnvrrninR f_aa; !+irvrrabilih~. f hc: torn± el nwneagr combines undnrm :!»rncuttc I,,r n:etinnal
<br />use :vu! ::on-uniforrt coscnaats with limitril vansaions by „ s;tirnon to ..on-~umte a uniform srr::rus instrument covering
<br />real proper(:. Ihi. Mortt,u{,r sh- it he 4 seined t+, the i -w t th cis it t c n r sstmh th i r tyros i i w:dui. In. fhc
<br />event that utv pr visrat r Ions ~ thi- Mnrigapr or h '~ r court ,i -ith - pph uhlG ens tr h .~. nfli t hall r. t :}!T _
<br />other piny,+iom of thi~ >,lortgogr or the '-tiote :shish an ha g,vcn rlieat u-itho_t the ..onfl <tinx prover. n, ayy~lftl iht": -
<br />end the pro: i+.iom of -he Mortgage and the• \olr arc aa- I red I. h~ asarablr. ,,,r _;t ~f~i,•, ~-
<br />ill. Snrrower's ('ppy. 6orrouer sh:dl he ~~rnnhal :..oninnnail cop}• nt the tiotr :end o', the 'l1oti~f~*cr,af ii1+? ume
<br />ul execution or alter rea*rdatinn hrrenf. .v'• ~ ^~
<br />17. Tratesfer of the Property; Assumption. If all ,~r :rot pen of the frnprrtt n: :ur iou•rr,~ dnaycirt is s~(d~or~van.(errrd
<br />by Borrower :vithouf 1_cnder's poor wrhtcn rnnsrnt excluding i:,~ rhr creation ,+f a lieu :•r rn<r:otbnHtce wh.u,linatc a.
<br />ibis Mortgagt. ih7 the creaurnt nl =r purchase money securin nricrrst for h,rusrhald =rpph;mccs_ rd ~>, tran,ter he devise.
<br />descent nr by operation of lau upon the death of a 1:"nt tenaen or ~ ~ - -
<br />Laxlrr rtay. ,u !.code:'. n. decl;:rr a!1 the > se.u cd !+ti trot ~tortsagr to bs
<br />.+pt:a
<br />rmmedintely due and payable. I ender shall hove "awed such opuun m arccleeuc rt. prier u, the talc nr ir;uisfer. f ender
<br />and the person to cehnm the Pn,pcn y is m he snit nr tran;ferrrd mush .i$n'r•mm~i .n a none that the •_reda c,t such parson
<br />is satisfaat .r. tc- Ixrn:!er and that the- tntarr,t i syshlc.:,u [hc- ,cum accred hs the xlortgay!r .hall hs- t. - ch rate r, I ender
<br />shag request if ; cocci ha waix-ed nc~. „phon ^> pcrrlerate piny-riled in thi, 1+:r rngrrph !' ,find it ti:,t n,;va-: wca•s,t,t ,n
<br />interest has esccutcd a written assumption agreemem acccptrd in utinu$ 6y 1 ruder, Lender .halt relic+a Son u.. rr from .ri!
<br />nbiigationx under this hlortgagr and the Noce.
<br />If !.ender escreises such epuon to accelemur. Lender ,haft mad f3mrouer nance of accalrran.,n +n a~cuxdance s.ith
<br />paragraph Id hertttf. Such notrrc shall provide a period of rue has than in days from the date rhr nvtirc Ic nraiicei +, ithm
<br />udtith Borrawrr may p,tt rhr sum- dc.-,.uc^d flu.. It Rorer., re l,uls i , pa, ., r, it ,urn. pr,ot to the rxptrnu, n .,t vide t~<•uod.
<br />f.endcr may, without UtRhrr norrkr ar .le;nana rnr Horro•a rr. ,•.val.r :ra: rr:nrd:rs ~rtarL'rd b•. pareyt.tptr !: t:at::,,f
<br />Noe-Utittop st Cove ti'nax rs, Harrower and Lenart fanher roc Guam and ,utrec a+ tolinws.
<br />IB. Acaeleraihen; FLentrdks. £.xrrpl as provided la para);rsph 17 hrravrf, upon Bartnwrr's hrearh r*f ens rnvenaut or
<br />agreement ref Sarrower• to this 3lortgagr, htcheding the evsenams to pay wltrn due wq room wuured by tilts .xL:etga{tc.
<br />t~trder prier to arcele~atlun sttali neat! notice to Sorrouet ux pun hied in paragraph 14 hrreaf ep.cifrin8: tff rite breach;
<br />F'.) the: aefinn re~oired lu estre sarh breathy i3) s date, uui irsx than 34 dais tine+: the date Sire- aptire is ntailud 4o iiarraexcr.
<br />by whkh such breach must br cured; and I•iJ that failure to a•ure such brcuch un or leefure rhr dale specified in the mUfrr
<br />pea}• result in acceleration of the tuna secured by Iha= 1lorfgakr, torcc4rsure b} jndkisd pn,rceding cad vale of rhr i'ruper[y.
<br />'!'tip notice shall further inform Borrower of iM~ right to rrirtstalr afire uccrarrutiou and Utr tight to px',,rrt in the famriosurr
<br />proreasting the lion-rr:islenrr trF a <tafutd{ or ap) other drfavese of Sarrtrnrr fu ucccierutia+n nerd fancinswc. if the 6rcarh
<br />is opt rurrd on +rr ttefprr rhr date aprtifkrd in iht rtotire, Lrrulrr at I.cader'x optxm ma=~ declare a!I of rhr aunts secured I*>
<br />this Ivtoetgagr to t;e lmntetiiatrly dm: and pas'aMe withssut further rkrrrared and max fnnrioar by ]adirfaf prurerdina• Lruder
<br />shah he enlltied to cptitrt in such proceeding ail rxpeases of forerfosun•, including, but roll limbed eo, ruxa of dprumcntnr}
<br />er'itience, ahstrauts and (hit; reports.
<br />i+}, B;t€€:r~,r'2 k o:+, to 'ftsa_~a'-e. Nvts+ the ?achng l rctdet - ~rh,r't_' -.. rhr _.. ~ ,. ,red ht- this M. teary
<br />lfurtrws: ~!ea!i l:aee tltc. ^g!tt to h yr) p o cdings h:•gtr~r by i e-rile! L, cut ,r„• tiro Ri (,: ~ ..n„_.,ntuu ad i y i:,n.:
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