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80--a uU4'~75
<br />Leoder's written agreement or applicable law. Borrower shall pay the amount of all mortgage fnsurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall Fre payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at ±he rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shag bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. InspreHoo. !.ender cony make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall 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 dama¢es, direct or consequential, in connection with any
<br />condemnation or other taking of the Propeny. or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />In the event of n total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Rorrower. In the event of a partial taking of the Property. unless Borrower and tender
<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 m that proportion which [he amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Propeny immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor otfera to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days alter the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at [.cadet's option, either to restoration or repair of the
<br />Property or to the .cams secured by this Mortgage.
<br />Unless i_ender and Borrower otherwise agree in writing, arrv such application of proceeds to principal shall not extend
<br />or 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. Borrower Not Released. Extension of the time far payment nr modification of amortization of the sums secured
<br />t+y this Mortgage granted by Lender to any succesmr in interest of Borrower shall not operate to release. in any manner,
<br />the liabilitr of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to 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 Rorrower :cod Borrower's successors in interest.
<br />11. Forbearance by Lender NM a Waiver. Any forbearance by Lender in exercising any right ar remedy hereunder, or
<br />otherwise aRorded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall nut he a waiver of Lender's
<br />right to accelerate the mahuih• of the indebtedness cecured by Chic h1artgage.
<br />12. Remedies Cumulatise. All remedies provided in this Murigage arc distinct and cumulative to any other right sir
<br />remedy under this Mortgage or afforded by Inu• nr cyuhy.:md may he exercised concurrently. independently or successively.
<br />13. Successors and .Assigns Hound: mint anA Several liabilitr: Captions. "the covenants and agreements herein
<br />eomainrd shall bind. and the rights hereunder shall inure h,, the respective successors and assigns of [.ender and Borrower.
<br />subject rt the provisions of paragraph 17 hereof All covenants and agreemenw of Rorrower shalt t+e joint and srvrrai.
<br />Thr captions :.red headings of the paragraphs of this Mortgage :vr for com•rnicnec only :cod are not to be Used ro
<br />interpret or define the pracisiunc herrnf.
<br />t.i. Natter. F.crpt far any arnica required ender applicahir law hi br given in another manner. (s) any notice m
<br />Rtxn+wrr prtsvided for :n this Mortgage shalt he given h} mailing .ueh nrnfec he ecruficd mail :tddra'ssrd to Borrauer at
<br />the Propeny Address ar at such other address as &,rn+wcr m;ty dcsign;rtc M' notice to Tender as provided herein. and
<br />(hl unq sauce w Lender ;hall he given by certified moth return recant requrucd, to I-radar's address stated herein or (e
<br />such .nhrr addrrsc as t_endrr map eiesignate M• notice to Rorrower as pnnidrd hrrtiu. Any notice provided far in this
<br />Mortgage shad (x dtrntrd to have heer+ given to Borrower nr 1 emler sateen given in the manner designated herein.
<br />15. Uniform 3UnYgage: f:overning [.aw; SerereMBty. ~lltis lorm of mortgage combines uniform covenants for nanonnl
<br />use and non-unifixm covenan:s with IimiteJ variations by jurivlictian to <nnstiune n uniform security instn:mrm covering
<br />real property. -Phis Mortgage shall M: gavrnted by the law of the iurirdichnn m which the Propvrn~ is located. In the
<br />event thsl any provision or elauw of this Mortgage or the Note confticlc with applicable law, such conflict .hall oat affect
<br />other f*rov:sions of thw Mortgage nr the Nnte which can Fm given rtTert without the conflicting provision, and to this
<br />end Ihr provisions of !hr Mortgage and the 'Vote :ve Jcclarrd to hr severable.
<br />16. Borrower's Copy. Barren^cr chat! ha farmstead ^ conformed copy of the Note ,cod of this Mortgage :d the rimy
<br />ui excadinn or niter rrcnrd:ttion hereof-
<br />17. Tratssftr of the Fmptriy; Assumption. If ail nr any part uC the Property or an interest therein is saW or lean+ferred
<br />hy' Barn+wer without Lender`s poor wnttcu cunsrttt, excluding t:u the orr:u ion of a lien or rncunthranoc suturrdmatc to
<br />this Mortgage Ib! the creation of .+ purchase money wcurin interest for huuschnld appliances, tcl a trarnfer by devise.
<br />deu:rnt ar by npenu:an of !au ;:pore the +!eath of ,, ;o:nt tenant or (<b the grain of am• leasrhnld interest of t!:rre vrarc or lax;
<br />nut containing ;m option n~ purchase Lender eta}. at I-rode is siphon, declare ;dl :he wms secured by thre Mortgage to he
<br />immediately due and pnyahlc, 1 ender shall have. w.:iveJ such opunn in uctt9erste :i. prior to rtw ,ale nr tramfe r. I vnder
<br />and tin: prn,at In whom the Propcm n to hr sold ~,r tramta red Cans ti agrrcntrm m wrung that the ctrdtl .,f sash !'rrson
<br />is .calictaetort h, Leader and O+at the interest pny'uble nn the sums scoured by this Mortgage ,hall hr m each rate .+. Lender
<br />shall request If Louder has wowed the :,peon n, accelcnna provided m this paragraph 17, and it Itormwer'c cua'esvur in
<br />interest ha, executed :. wrtten assumphan agrermem accepted in writing by Lendrr. Lendrr sh:dl release Rnn nwrr from ;dl
<br />ubligahons under the Mongage and the Nate.
<br />If 1 ondrr cycrci,es v:ch upt:ou to aecrlrrah•, I ender .h;dl mud R++: rower notice of ncx rlcratu,n n> ucr+,nlaocc wnh
<br />paragr~po tR hrrynf ouch m.t:ar =hall provide d Ihr-i •t n„r Ics, than yr`i dais fr.,nt :ifr date :hr nahse 6 rnaited uitnm
<br />which Rorrower ma} pay the •auns dtil:u rd due- II Rurrcrnvr tads :,, fray s:ah earns pre, n the a-ypn au,!n ,•t such pruod,
<br />Lender may. wuhout itvthrr Hauer nr Jemand on Ho: rower. nwo(,c ;wa rrrncdies pcnn:ued M paragraph IX hereof.
<br />No?v-Llatvrtaxi Cuvttraw rs. Rotrowrr.uulla:ndrr iurlhrr i,+s canal .cod;+gter as lnllou•s~
<br />18. AccrMraHua; Rrruedies. Farept rn pruriatd is paraany.h 11 herent, uluu+ Bunuwrr-s hrrarh of any cmrnaat or
<br />agreement of Harrower io Ibis Mortgttttt, inchrding the rarrnann nr pay when der env sums sreurrri by this 1ortgage.
<br />Leader petite la arcrlrrariun shag tnaR tmiicY Ia Harrnwer as provided in paragraph li hrrral spcrffying: If) the tmraeh;
<br />R) the cation reyuirtd to cure such breach: (31 a date, nut lens than SIi da}.. from the dart the notice is united ro Borrower
<br />by which such hrtacN must be cured: and l•11 that failure to rurr such breach sin sir bel'mr the date specified is the nutire
<br />may rrsuh in acceteratlun of the sums secured by this Mortgage, faravluaurr b) judicial prucersting and sale of the 1'rnprny.
<br />'the nmicr shall frulhrr inform Bwruwrr of the right to rcinstufe afire accelrratirm and the right to ussrrt in the forra•Iusarr
<br />proeetdiag tM corn-rzlxtewce of a default ru any other drterae uC Hwrowrr to uccrlerafitm aad Grr+rclosurr. If Ihr breach
<br />is trot cured on ar ta:fure the date specified in the notiar, Leader ai Lender's option may dn•larr all of the wms secured Uy
<br />tWs Mortgage to 6e imurrrlialrly der and payrMe wllhunr further demand and may iarra•Mse bs judk ial pnrcredirat. Lendrr
<br />shalt br ratBitd to enBtrt is such proctedittg eB rzpeoves sit forezlusure, incladlnR. bnt nut limited ta, costs of documenterv
<br />rvls~uar, ai.:t:actz :.;.: teak exports.
<br />t9. Borrower's Right to Reiartatt. Nmwilhstantling Lender's aa•elerauun of the sums secured by this Mortgage,
<br />Borrower shalt have the right to have any pnxrrdings begun by (.ender to rnforee this Mortgage discontinued at any time
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