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Lender i writ[tn agreement or applicable law. Bnrra;wer shat: pay the amwrot of aH mortgage inwrance premiums in tF.e
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Fender pursuant to this paragraph ?, with inures: thereon. shat! (xcAme additional
<br />indebtedness of 6orrvwer secured by this Mortgage. Unkcc Borrower and tender aarec to other terms of payment, such
<br />amounts shat! be payablt upon notice from i.ender to Borrower requesting payment thereof. and shall Ixar intereu from the
<br />date of disbursement az the rate payable from tittle zo time on outstanding principal under the Note unless paytrs~a of
<br />interest at such rate would be century to applicable law, in which event ouch amounts shall treat interest at the bights[ rate
<br />permissibk under appticab!c law. Nothing contained in this paragraph ?shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />8. tasptetian. Lender may make or cause to he made reasonable entriex z:pon and inspections of the Property. provided
<br />that 1_ender shall give Borrower notice prior to any such inspection specifying reasonable caose therefor related t~ Lender's
<br />interest in the Proptriy.
<br />9. Condemnation. The pmteeds of any award or claim for damages, direct or consequemiat, in -tonrrG-.iion with any
<br />condemnation or Mher taking of the Property, or part thereof, nr For conveyance in lieu of condemnation. arc hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a rota! takin¢ of the Property, the proceeds shall be applied to the seems secured by this Mortgage.
<br />with the ezctss, iF any, paid m Borrower. in the event of a partial taking of the Property, aniess Borrower and Lender
<br />otherwise agree in writing. Ihtre shall be applied to the sums secured by Ibis Mortgagt such proportion of the proceeds
<br />as is equal in that proportion which the amount of the sums secured by this Mortgage immediate!}• 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 />it the Prperty is sbandoncd Gy Borrower, or if, after notice by Lender to Rn; rower that the condemnor offtrs to maze
<br />an award nr settle a claim (or damages. Borrower faih tv respond m T_andtr within 30 drays after the date snch'noiice-is
<br />mailed. Lender is authorized to collect and apply the prncuds, at !.trader's erption. either to restoration or repair of the
<br />Property or to the sums secured by this bortgage.
<br />Units Lender and Borrower nthtrwise agree in writing, anv such npplicatinrt of proceeds m principal shall not extend
<br />or pc;tpoae the due date of the monthly instalimcnts referred to in par,+graphx ! and 2 herevC yr change the amount of
<br />wch instailmcnts.
<br />10. Borrowrr Nrst Rrirased. Extension of I!re time for paymrnt or m<+dification of amortization of the sums secured
<br />Gy this Mortgage granted Gv Lrndcr to any succe5sar in interest of Berrcnver shall nM opentc to rclcnse, in any manner,
<br />the liability of the original Borrower and Borrower's successors in Interest. Sender shall not Gc. required to commence
<br />proceedings agains! such su.-cesser nr refuse to exund time (nr payment or otherwise modify amortization of the sums
<br />secured by [his Mortgage by reason of any demand made by the original Borrower and &arrmver's n:ccessors in interest.
<br />ti. Forbearance 6y Lender Not a Waiver. An}• forbearance bq Lender in cxcrrsine am right or remedy hereunder. or
<br />otherwise aftarded by applicable I:rw. shall not he a waiver n( or prechrdc the exercise of any such right or remedy.
<br />The procurement of insurance or the ~ acment rat taxes nr other liens or charges h}' Lender strait not be a waiver of Lender's
<br />right in aecelcratc the maturity of thc• ;ndchtednccs secured by this Mortcace.
<br />i2. Remedies Cumulative. .A 1'. remedies provided in chi: Mortcngc arc distinct and ntmuiative to any other right er
<br />remedy under this Mortgage or afforded by law or cyuirc. and may he escrdscd cunttvrccetly. independently or successively-
<br />i3. Successrtrs and Assigns Bound; Joint and Buccal LiahiBn; Cap,Bons- the coer:nants and agreements herein
<br />contained shah hind, and the rights hereunder shall more tv, the resper. tivk~sue,ccssors and assigns of Lender and Borrower,
<br />subject [o the provisions of paragraph I? hereof. Ail cvvenams and Ccmentr of Borrowrr shall he joint and several.
<br />The captions and headings of the paragraphs of this Morgapc an: r' cnnvepicnce only :rod arc not to he used to
<br />intcrpa•I or define the nrovrsimrs hereof. =III ~•
<br />19. Notlrr. Exttp E far any notice rcyuired under app!ic.tl*le !utig to )+c giyay, Y? another manner, (:p any notice to
<br />Bvrrc+.wtr provided for in this Mvrtgase shalt he given by marling atcf~ :slice by certified mail addressed ro Borrower at
<br />the Pn+pc'r±v Address or al such other address as Dvrrnwcr rosy itcit~rrzP~,h~ notice to I,enelcr as provided herein, and
<br />/bl an}~ np!iro tyi I rndnr cF,,+11 M K;y4:.^. by l'CrtrrrC:.t nSarL rvt;i r.^. rC.Cipt E• ~tCd, i:+ L<n<)Gi z~-adc!rC°5 Siaf^.d !:CrCin C." tQ
<br />such Whet address as Lender map designate by notice to Borrower as provided hrrcin -:1sV~ noake pnsvided for ~n Ibis
<br />hinrrgage shalt he deemed to have -beer, given in Bnrrgwcr nr f ender when given in the ~nlti it nor designated herein.
<br />IS. Uniform M1fortgagr; Governing Law; $eaerabilih•. This form of nusngage combines undenn cavenants for national
<br />use and non-uniform covenants with IimileJ variations by jurisdiction to constiuue a unifnnn usunly instnunnn covering
<br />real property. This Mortgage shall be governed by the law of the jurisdictrnn i+ which the Property is totaled to ihr
<br />event that an}' provision yr clause v( [his Mortgage yr !hr Nnie conflicts with :gtnlicab@ law. inch ronllict shall not a(Tect
<br />other provsions of this Mortgage yr the Note whrch can be given rlTect uithotu the emd!:ctine pm+ision, :end to this
<br />end the provisions of :ht Mortgage and the Nvtc arc declared to be severable.
<br />16. Borrowers Copy'. Dorrower shall be furnished :+ a+nformed ropy of Ihc• Note .t.n- n( !hn Mortgage at d;t ume
<br />of exccutivn or after rctordativn hereof.
<br />17. Transfer of the Property: Assumption. If all or any part of the Property or an inters<I iherem is s++ld or transferred
<br />by Borrower without I-ender'5 Prior written consent, cxduding Lq the ere:uuat u( ;+ lien nr encumbrance sabot dinate !n
<br />this Dttlrtgage, (bJ the creation n. a purchase mone:• security interest for trvu.cMrold :ytpiianss. fci .r era n,ler by devise,
<br />descent or by operation cf taw upon rice death of a jouu tenant or
<br />1 ender may, at I cotter's option, Jrdarc all the sum, .cc led by tha M++rteagt to he
<br />immediately due and payable. !.ender shat! have waived such option R+ aecel crate if, prior m the sole s tr;utsfcr. Lender
<br />and the person to whom the Property is to he sold u: transferred reach agres•nrcnt m :rriuug that cite craiu of su:6 i+e non
<br />is satis(actnn~ to Lender and that the intrrest payable on the sums scs-urcd hp this Mortgage shr~ii he at such rau• as t ender
<br />shat} reyurst. (f 1_ender has waived the nptivrr to aecele ra to pnn•i<Icd In this paragraph 17. and if liorrowc•t's su csor in
<br />inures[ has executed a written assumption agrermenl accepted in writing by !.coder. Lender shall release BurowercRuro atl
<br />obligations under this Mortgage and the Nvte.
<br />If Lender exercises such option to accelerate. Lender shall mail Bartow cr notice o ceierat;nn m couhmee u-ith
<br />paragraph !4 hrrevf. Saco noucc- shall provide n pcnod of not test than 3ti loss from the dare the uuti.c is n,+icd within
<br />which Borrower may Pay the sums dcch+red due. If Hon over tads to pay such wnr.c poor In the c<piration of ,,._h pcrictd.
<br />t.cnder may, without bother notice or demand nn !tor rower, mvokc nny remedies pctmdtc.l by piss ngrnp'--+ IS h~~:cot.
<br />Nov-tiMFtraM Coveraxr:rs Borrower and Lcndcr further covenant and ;:grec as failaws.
<br />18. Acceleration; Remedies. Facepl as provided in paragraph 17 hr e.+L upon Rnrrns. cc's breach of any cnremurt o
<br />aKrremrnt of Borrowrr in this Atongagc. including the eovraaats to payr when dur um xunrs sccun•d by this Dlorigallcf
<br />l,endrr prior fo acc~ieralion shall mail nutter to Borrowrr as purridedl in pnragraph Id hen=nF sprcifyitrg; 1Ij the breach;
<br />(2) ehr action required to cure such hrtarh; 1~) a data not less Ilrmt JO days from the dale the nofivr is mailed lu Borrowec,
<br />Gy which such Gteach must be rureJ; and W) chat faelurr to cure such breach nn ar befurc t{re date specified in the notice
<br />may result in accekrattow of ibe sunn secured 6y Ibis h•Iurigage, foredosurc by judicial proceeding sad salt of ihr Property.
<br />'Phr rwtire alradl further inform Borrower of ihr right to reinstate after arccleratiuu and the right to asset! br ehr forcclosnrc
<br />proceedhsg the numexistrnce of a dtfquil or any ocher datense of iinn~nwer is ar<cleraiiua and foreclosure, ff ehr 4rcach
<br />is not cured nn ar before ihr data specified in the notice, lender at [.rudrr•s option Dray declare ati of the sums secured Gy
<br />This Mopgagc trs Fre immediately due and payable without Rrtiher etemmrd and mny Hxeeiosr by jndieial prucerding. !.ender
<br />shall hr t111!1{rd to rallpct in such proceeding all ezprmrs of Eorrctowrc, inrludin};, hot nut liu+ited m, costs of docnurrutan
<br />evidence, atntracts and title reports.
<br />14, Bnrrowtis Rlgh! 4u Rtiasza!t• Nozwithslandrng ! endcr's ~elcr at+%•n =.-=I tt+e , . ,, -ed h. this y!=•r,g.+gc.
<br />liar x shall have the right t„ havr a: y , r. c cdings hcgtu± ht i ds= h; t .e thss 1 -. ni. _ t,nu,~d s a _, tune
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