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Leader's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner pravided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender 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 shall be payable upon notice from Lender to Borrower requesting payment thereof. and shalt bear interest 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 to applicable law, in which event such amounts shall 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 />g. lttspection. Lender may make ar cause io 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. Capdemnatbn. The proceeds of any award or claim for damages, direct or consequential, in-connection with any
<br />condemnat:on or other taking of the Property, or part thereof. or for conveyance in !icu of condemnation, nee hereby azsigtred
<br />and shall be paid to Lender.
<br />In the event of o total faking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. Tn 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 that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately priar to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or 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 Tender within 3Q days after the date such notice is ~~
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to rcslcration or repair of the
<br />Property ar to the sums secured by this Mortgage. '
<br />Unless Lender and Borrower otherwise agree in writing, any such application of prcxtreds to principal shall not extend '.
<br />or postpone the due dare of the monthly installments re€erred to in paragraphs i and 2 hereof or change the amount of
<br />such installments.
<br />lrl. Borrower Nat Releasal. Extension of the time for payment or modification of amortization o! the sums secured ~ '.
<br />by this Dlortgagc granted by Lender to any successor in interest of Nnrrower~shall. not operate to release. in any manner. '
<br />the liatrilih• of the original~Borrower and Borrower's successors in 'snterest. lender shall not he required to commertce
<br />prxeedings against such successor or refuse to extend time for payment or othena•ist modif}• amortization of the sums
<br />secured by this Mortgage by reasor, of any demand made by the original Borrower anal Borrower's successors in interest.
<br />T 1. Forbearance by Lender Not a Waiaer. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shell not he a waiver of or preclude the exercise of anp such right or remedy.
<br />The procurement of insurance or the payment of loxes or other liens or charger by Lender shall not be a waiver of Lender's
<br />right e, acctltrate the maturity of the indebtedness secured by this Mortgage.
<br />f2. Remedies Cumulative. All remedies provided in this Mortgage are distinct anJ cumulative to any other right or
<br />comedy tinder this Mortgage or afforded by law ar equity. ;cod may Mr txerci.ced rnncurrcntly. independently or successivel}•.
<br />13. Successors aed Assigns Bound; Joint and Several f.iabBlfy: Cppdom. Thr covenants and agreemtnts herein
<br />a,ataineJ chap bin i, and the rights hereunder shall inure to, the respective successors and assi¢rts of Lender and Borrower,
<br />subject na the provisions of paragraph 17 hereof. ,III covenants and agrcrmcnts oP Borrower shall he joint and several.
<br />She rapuuns anJ heaJings of the paragraphs of this Mnngagr air for convenience only and arc na+t to he cased to
<br />interpret nr define the pr<n'rsions hereof.
<br />t4. Notice. Except for any notice required under appiiruble law lay he given m another manuee, (al any notice eo
<br />R:,rr~,~er pro~:dad far ir. this M:,r!eas^ shall ht ~!vra I?Y m:ubng ssra!h enure 6y rcrtifleJ mail aJdressrJ 4e Bixrower a[.
<br />the Pr;+prry Addresa ar :a ,arh ut her address ns Rarrr,wer may designate by notice (a i.cndcr as pri+vidtd heroin, and
<br />{h? an} nC+nrr ro {.r. . n_ grace i,v rrrnficJ mad. cream recap( rsgntatecE, to t ~r~drr s address stole) herein ar to
<br />such other aJdress asri nler ma,' dasienatr h. notice to Rarmwer as provide) herein. Any notice pravided Coe in this
<br />Mortgage shatl .x <it vncd i;: ha+r hcen green m Borrower or Linder when given in the manner designated hercin-
<br />IS. Uniform Mortgage; Gorernlpg Law: SeaerpbUity. 'flux form of mnngagr combines uniform covenants for national
<br />use and non-uniform a+venams with limited v.rrianons by jurisdiction to ronsunue a uniform saK~unty instmmrm covering
<br />real property This Mnrtgaga• shaft bx governed by the law of the iurialiction in which the Prnpertr is located. In the
<br />event that any proviv,m nr iausc of chi, Mongagc nr the Note conflicts with applicable taw, such cantlict shall not affect
<br />other pnrvnions of this hL>ttgage or the Nate which can be given efftcl without the conflicting pros loon. and to this
<br />end the prvisions of the Mortgage anJ the vote arc declared to he severahlc.
<br />16. Borrower's Cup}. Borrower shall he hunnheJ a con(ormrd a,py of the Notr .and of this Mortgage at the time
<br />of execution or alter recordation hereof.
<br />17. Traesfer of tbt Property; .Asaompliop. It ;JI or any part of the Property nr an interest therein is a,ld nr transferred
<br />by Borrower without Lrndrr's pr.~r written consent. excluding (al the creation of a Iitn nr encumbrance sutxwdin;ue u,
<br />this Mortgage, yh( the rreuuon r,f a purchau county x.eurity interest far hnusrha+Id appliances- +cl a translbr h} Jrviw,
<br />descent or by oi,rrauon of law up,n the dwth of n loin[ temmt or t.h the grant ui any kusrhold interest of rhrte gars or leas
<br />not containing an option ro purchaae, (ra)re uraY. at f a•nderA option, dechut all the cams secure.) by thu Mortga~ to hr
<br />invnrJiately dot and payable I ender ,hall hour warvral such upunn to urcclrr ate d, prior n, the sale or transfer. I ender
<br />and the person n, whurn the PNprrt} is t.. hr ,old .+r trmvrrrrcd roach agrremtrn rn wrung that the credit of ,uch person
<br />is sausfaaorp to l.endrr and char the interest payahlrr on for wino secured by Nos Mortgage shall br at such rate .:~ i ender
<br />shall rrqurat If bander hux wowed the optton to acrtlerate pmvrded in this paragraph 17. need if Borrower's successor m
<br />interest ha+executnd a wnnrn arsumpuon agn,emcnt acrrptad in writing by Lender, Lender shall release Narrower from .JI
<br />td+liganons nndar [hie Mortgage and the !vote.
<br />1( Lrr ! - - .rcis _ ~1- pt,:+n r = ~-alt t ! ~ndrr ,hall mad Rnrruwer nonce of acctleratinn in arcorJance ww!th
<br />paragraph W htrtnL Such ooucr ,hall peovrdr ,, penod at not Itas than l(1 day, from the date the notice is maintJ within
<br />r ti
<br />which Rora,wer mxv na - itve + ms Jcatn.rd Jim if Bon ow rr fads ru pab ;uch ,ums error to the ..xpirat:rrn .,? •, {,em~r2,
<br />l.endee may. wrthom further Honer or Jrmand au ih+rmwrr, nrvokr an} rrmcdira prrnunrd by paragraph Ig hereof.
<br />clay-{!mt'oa ra Cuvr!aeuas Narnrwtr and 1-rnJer bother co, errant and agfet as Iolluws:
<br />lfl. AccekrMMa; Reretdkv. F.uyept as provided fa paragraph 17 hereof, upon Borrower's bmwh o/ any covepam or
<br />tsgrremen# pt BPRawer in tAis NortRage, inclodirra the cnvcnams Ia pay when doe area soma mnrtd by IhLt 'NorfgaKt,
<br />Ceader priar to arcekra#lup shag mall potfre to Bnrrewer as pravided in paragraph IJ herrot spceifyfng: (1) iht breach;
<br />(2) the action rcaaired to care srrch Ixearh: ()) a date, pot teas than 3d days loan the dint the notlct {s a#afled to Borrower,
<br />by which such breath moat he cured; aed ti) [bat failure to cure such breach nn or before the date sprrfNrd in the aoHre
<br />may result ip netdcratfan of the spins xrured 6y this Mnrtga$t, fnrectosurv by judlclal procerdirrg and vle oY the Pntpertv.
<br />'llte aotire shah further ioform Borrower of EAc right to rcirwiate after aca•eitralkm and the risbl to assert ip ttce toreclusure
<br />proceedieg rht non-existenzt of a default or any other rkfrnse of Borrower to arrekratiun am! forcciasure. It the Areach
<br />'is oot rated ue ar 6efare the dMe specBied In the naticn Leader at Lender's option may declare all of the sums secured by
<br />tbks ittiartoagr to he immediatdy due and payable without further demand aed may forcaiase by jedlciat prceeedirtg, tsndrr
<br />shah be eeHtleA to roUect in ouch prceeedlpg alt expetsses of foreclarxarr, ipcluding, but no[ iimked to, cosYS u( documeehry
<br />evidepce, abstracts and title reports.
<br />3~. Rarroerets Right #o Reies#a#e. Notwiehstaading t_tndtr's arc Itraunn of the sums secured by this Mortgage,
<br />Narrower shall 'nave the rigfit is have any pnnrrdings begun by I.cnder r, entorrc This Mortgage disrmtinued at any u+rre
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