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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided 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 shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless paymmt 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 in:.ur any ezpmse or take
<br />any action hereunder.
<br />8. Jospection. Lender may make ar cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender <hall give Borrower notice prior to an}• such inspection specjf}'ing reasonable cause therefor related to Lender's
<br />tolerant in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall hr paid to Lender.
<br />T,. the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if am', paid to Borrower Tn the even of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, them shall F?e applied m the sums xrcured by this Mortgage such proportion of the proceeds
<br />as is rqua! to that proportion which the amount of the sums <ecured by this Mortgage immediately prior fo the date of
<br />taking boa r5 to the fair market value of the Property immediately prior fo the date of taking. with the balance of the proceeds
<br />paid m Borrower.
<br />tf the Property is abandoned by Borrower, or if. after notice by Lender ro Borrower that the condemnor afters to make
<br />an award or settle a claim for damages, flomower fails to rcspsmd to Linder within 10 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 rc}rair of the
<br />Property or ro the sums secured by this Mortgage.
<br />L'nles< Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extrnd
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />I0. Borrower Not Released. Extension of the time for payment nr modification of amortization of the sums secured
<br />by this Mortgage granted i?y [.ender to any successor in interest of Borrower shell not operate to release, in any manner.
<br />the liability of 'he anginal Borrower and Borrower'< 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 soma
<br />secured by this ?vfartgage by reason of anv demand made M the original Borrower and Borrower's snccrasors in interest.
<br />11. Forbearance by bender Nat a Waiver. Any fnrhearance hp l:"ender in exercising anv right or remedy hereunder. or
<br />otherwise aRorded by applicahlr law, shall oat be a waiver ..f :?r preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the pavmem of tarns or other Iienc nr charges h7 Lender shall not be a waiver of Lender's
<br />right to accelerate the matnrin• of the indebtedne<s aecurcd hp this Sortgage.
<br />12. Remedies Cumulative. .qll remedies provided in this Mortgage are distinct an<I cumulative to am' other right ar
<br />remedy under this Mortgage or atfivded M• faw or eyuin~. and may he^. exercised concurmnth', independently or successively
<br />FJ. Successors And Assigns &wnd: Joint and 9everA! I,iabillty; Captions. "the covenants and agreements herein
<br />contained ,hall hinx3, sand the rights hrnnnder shall inure a+, rhr nspecnvr uuccessors :rail assigns of Lender and Barmwer.
<br />subject to the provisions of paragraph I' heranf ;411 awrn:+nts anJ agrecmenfx of Borrower chnll hr mint and cevrrd.
<br />Thr captiems :uxai headings of rhr paragmphc of thin Mnttgagc ore for cnnvrniencr only and arc not to lxt. used tla
<br />rnu^rprcr or deflnr rhr provrsions hercn+
<br />IA. Naice. I?zcept to: any nen,c required !.miler ag?plical?Ir law to br giver in souther manner- ial any natter m
<br />Borrower provided for In this =Mortgage shall he giurn by rnailing such notice b7 evrnfied mail addressed ro florroxcer st
<br />rhr Pr,.prrev gJdress ar of sue.b other addre+s as Bnrr:tw rr meta drs~enatr by notice to Lendu^r :is prvwi[icci Mersin. and
<br />Ihi anv nWiee to Lender shall he given My oerufieJ mail. return recerpr ecyuested. In Lender's address crated herein nr rn
<br />such :?thee address as Lender mar de<ignate hr notice n? Borrower as provided herein. Ana notice pmvtdeJ (nr in this
<br />Mortgage shall hr deemed m haac been given to Rorrowrr or i ender when gtvcn in the manner designated herein.
<br />13. Uniform Mortgage; Goveroittg Law; SevrnbNity. liras form ~rt moneage comhines uniform arvenants for national
<br />use and nomunifomr covenants with limited ssnauons by urncJictinn to constitute a uniform sreunn~ instrument coveting
<br />real property Thts Mortgage shall he governed by the law nl the iunsdictinn in which the Property r+ Insured. In the
<br />event that any provision or clause of this Mortgage or the Vain ranflicts with applirthle law. <uch conflict ,hall not affect
<br />other provr,ions of rhrs Mortgage or the Nolc whrch can hr given rdret without the cnn0icting provision, :mil in this
<br />end the pnn~isions of the Mortgage and the Vnte arc Jrclared ;o t?r +everahle.
<br />16. Rnnowe~s Copv. Harrower •`tall he hrrnrshed .r conformed a+py of rhr Nntr :mil of rhrs Mortgage .u rhr arms
<br />of exrcurion nr .Jtrr rece?rdation hereof
<br />17. Tnaater of rhr Prapetryg Assumptiom. If all or anv cart al' rhr Pn?l,cn}' .,r ;err mrrrext therein is sold ar trensferred
<br />key Borrower without 1.enJrr's error wnuen ;nnsrm, excluding tai rhr .nation ai a Iien ar encumbrance sutxmimatr ra
<br />Thrs Mortgage. Iht the cresunn ~.+f a purchase rncmev ucunts ~,ntcraxt ion' household apt+I i;mces. rcl a tr;nnsfer hr Jerise.
<br />da~~scenl or by uprr:man aj Paw upon the sleuth :rf ;r rasm rrnunt ~,rr Irii rhr, grunt .^C my Ieau»hoid nxfrnsl of there vear<or ter..
<br />nut containing nu s,ptrorr to p>urr.'hasr. 1 ender may. al f e.ndu', npnan. ~iirra:rme• edl the run'i. rcrurcd ?+v then mortgage to hr
<br />immruha[rly due and payable. Gender hall hgve wlnvrd +wh ~,rpten,xr re ac;: enter ate rf pnu?r n+ rhr +alr ~n transtr r. LenJer
<br />and tiro persxxn to whom the, Prealxirty r, n, he ~..ohi ~?r n'an+trrra,?.i rr ~us.h ,,,g rceYrru•nr ur wvo-t nxg that char unxlli of +uch pennn
<br />is satisfacton• m LenJer and that aMse interest pavat+ic on rhr Darns +evurerd by ri?is Mortgage ,halt Ix at each rate as !.ender
<br />shall request. If Lender has w;uveJ rhr nphon to accelerate prow u.fcJ mr eh» paragraph 17. and d Hnrrower'c successor rn
<br />interest ha, executed a writen assumpuon agreement arcrpted in +a ruong by I'. enter. Leonine +hall rcle;use Borrower tram all
<br />ubligatmns rtn.ler thre Muttguge and the Nebr.
<br />If Lender exercises suds option nr accrlernte. Lender +h.J9 ;nald Elarrxxwet noucc• ul' nacelerauon ire accarxlann• aids
<br />paragraph IA hereof Such Honer ,trail p;ovtdr a pennJ of tins fens .jaw': )fi da:, in?m :hp'. Jute the nuns is maifrd wnhm
<br />which Horrower may pay rho +nms Declared Jsoe. I I Bot~owrr `uih v. pay srr+.h ,urns pour tr dm ex ptnuum of +uch Ixnual.
<br />LenJer may. without (urths^r nmru~r or Jrmand nn Horr4wer, invu~ke anw rc~rnudies pcrmiu6`sl hr paragraph tR hereof.
<br />Norv-L'tvtr'oa tit ('ovr:runN-rs. Borrower .mil Lender farther nn rnant and ngrer as h?Ilowr
<br />18, Accekratlon; Rrmedfes. Except rm provided io paragraph 17 hereof, rtpm borrower's breach of Aay covenant or
<br />agreement of Mnower in this Mortgage, incb•dlrrg the cosenams In t>q) when due anv wins secured by This Mortgage.
<br />Leedrr prior to acttkralbn shall mail rmtlre fo Harrower as provided in paragraph IJ hrrnr/ sperityitrgr ill the 6rearh;
<br />l2) the anion requlrrd to cure each breach; 131 a date, not lore than M days Rom the date rhr notice Is mailed to Rorrowrr.
<br />by which such breach muse 6t crrredt and 141 tact failure to cure such breach on or 6etorc the dare specified is the notice
<br />may result is accderHlaa aI the sums secured by this Mortgage, torechxsan br judicid proceeding and sale of the Pmprny.
<br />The ootitt shill farther inform Borrower of the right to rcioslMe alter accelerwWn and the right to assert io the fom~lxxsure
<br />proreediug the IWrI-rYlallrKr a/ A dlfaa{t Or any other defer of Bonower to arcekntiun wed tarerlosure. It rhr breach
<br />V na noted oo w before the date speciBrd in the notce, Lender al I.etNler's option may declare all ut rhr sums secured by
<br />tltY Mungage to be itnmediNCly due sad payabk without turtber demand sad may lom•lose by judkid proceedtmt. Lender
<br />sWl be eotkled to cnikrt in such proa+eedfrq all axpemes of forerbsun. itsclading, btu not limited to, costs of documentary
<br />rrldrnce, .-.rarer. and Htir x-epurts.
<br />IH. borrower's Right to Rsl~Ate. Notwithstanding l.cnder's accelrranon of the cams secured by rhrs Mortgage,
<br />Borrower shall have rhr right m have any proceedings begun by Lender to enwrce rhr+ Mungagr diuonunueJ et am time
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