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~0-- vtr50~9 <br />Lsader's written agreement or apphcable law. Borrower shalt pay the amount of alt mortgage insurance premmms in the <br />manner provided under puagraph 2 hereof. <br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shaft become additional <br />intkMedness of Btxrowcr secured by this Mortgage. Unless Borrower and Lender agrce to other terms of payment, such <br />amounts shalt be payabk upon notice from Lender :o Borrower requesting payment thereof, and shalt bear interest from the <br />date of dtxbarsement at the rate payabk from time to time on outstanding principal under the 'Vote unless paytttent of <br />interest at such raft wottid be contrary to applicable taw, in which event such amounts shalt bear interest at the highest rate <br />ptxmittsible tinder applicabk law. Nothing contained in this paragraph 7 shall require Lender to incur any experme or take <br />any action hereurtder. <br />R itttyeeUeo. Lsnder may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />that Lender shag give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's <br />interest in the Property. <br />4 CotdetawMsn. TEte proceeds of any award or claim for damages. direct or consequential, in connection with any <br />condemnation or filter taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shall be paid to Lender. <br />In the event of a total takirtg of the Property, the proceeds shall be applied to the sums secured by this Mortgage, <br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender <br />otherwise agree in writing, there shat! be apphtd 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 prior to the date of taking, with the balance of the proceeds <br />paid to Bortuwer. <br />If the Property is a~ndoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make <br />an award or sortie a claim for damages, Harrower fails to respond to Lender within 30 days after the date such notice is <br />maikd. Leader is atrthorimd to collect and apply the proceeds. at Lender's option, either to restoration or repair of lice <br />Property or to the stints soured 6y this Mortgage. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not extend <br />or postpone the doe daft of the tnonthiy installments referred to in paragraphs 1 and 2 hereof or change the amount of <br />such imtalltnems. <br />It11. Hstvesrar Not Rttteatei. Extension of the time for payment or modiAcation of amortization of the sums secured <br />by this Mortgage granted by Lender zo any successor in interest of Borrower shall oat operate to release, in any manner, <br />the liability of the original Borrower and Borrowers succeswrs in interest. Lender shall not he required to commence <br />proceedings against such successor or refuel 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 Borrower and Borrower's successors in interest. <br />Il. Fasittasarse h! Leerier Nat a RSriver. Any fortxannce by Lender in exercising any right or retmdy hereunder, or <br />otherwise afforded by applicable law, shall oat t+e a waiver of or preclude the exercise of any such right or remedy. <br />'Else practuement of Sraunncc or the paimrcnt of taxes err other liens or charges by Lender shall not be a waiver of Lender's <br />right to tiecekrate the maturity of the indebtedness secured by this Morzgage. <br />IZ Ra+rstlYa Cisssttslatlvt. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or <br />tentedy under this Mtntgage or afforded by law ur equity, and may be exercised concurrently, independently or successively. <br />3~. greessass d Attsips Hod; leirt sad severcl I.ishWry; Capebsc The covenants and agreements herein <br />contained shah bind, a~ the: rights hereunder shall inure [o, the respective successors and assigns of Lender and Borrower, <br />wbjeet to the provisions of paragnph 11 }tere~{- AFI covenants and agrxments of Borrower shall be joint and s.^veral. <br />Tire captions sad headi~s of the paragrapfis of this Mortgage arc for cnnvenientt only and are not to tie ~.tsed to <br />interpret or tltAne the provisions hereof. <br />t1. Notkr. Except for any notice required under spplicabk law to be given in another manner, Sa) any notice to <br />Borrower provided for in this Mortgage shall Fx given by mailing such notice by certified mail addrossed to Borrower at <br />the Property Address ar at such tabor address as Harrower may designa[c by notice to Lender as provided herein, and <br />ibi any tsotice io Leader shall be given by certifieA mail, reptu~~rn~ tmipt requested, to [enders address stated herein or to <br />such other address as Leader may desigrtate by notice to p{fIR~lver 3f provided herein. Any notice provided for in this <br />Mortgage shah be deemed to have been given ro 8nrrower or tender when given in the manner desigmted herein. <br />IS. llWora MoelgaBr; Garetoig Law: SeveraYBky. 7Ttis form n{ mortgage comhitxs uniform covenants for nations! <br />test and non-uoifortn covenants with limited varistians by jurisdiction to constitute a uniform secunty instrument covering <br />real property. 'l]tis Mortgage shag be governed by the !aw of Ehe jurisdiction in which the Property is located. In the <br />event that anp provision or clause of th'ss Moagage or the Norc conflicts kith applicabk law, such conflict shall not effect <br />other provisions of this Mortgage n: the (Nate which can l+e given effect without the conflicting provision, and to this <br />cad the txovisions of the Mtartttage and the Note are declared to be sevmbk_ <br />It<. Hrrsows+rs Cody. Borrower shall be furstished a conformed copy of the Mate and cf this Mortgage at the time <br />r# eocectttieet ~ afty namrdatim htxanf. <br />11. 7Yastbr ei Ihs *MMb; #wapias. Tf alt of say part of the Property ar an interest therein is sold ar transferred <br />by Borrower without Lender's pritx written consent, excluding fa) the creation of a lien or encumbrance subordinate w <br />this IMa.'tgagc, (bi the creatioe o[ a purchase motley sceurity intecai for household appliances, fc) a transfer by devise, <br />detttxnt or by optratioo of law opus Lire death of a jo:nt tenant or idi the grant of any kastbold interest of three years or less <br />oat eonisioing as oplioo to patchase, Leveler may, at Lender's option, declare ail the sums secured by this Mortgage to be <br />iaatediatNy due and payabk. Leader shall Stave waived such option to accekrate if, prior to the sak or transfer, Lender <br />sad fire person to whom the Property is to be sold or transferred coach agreement io writing that the credit of such person <br />n atedstaotpry to I.erdex and that the: itttcresi payabk on the sums secured by this Mottgagt shaFl be at such cart as Lcoder <br />slttitt - If Leedtr has waivexl tltt nplien to acttkrate provided in this perxamph ]7. sttd i€ Borrower's successor in <br />iriesrtt htl sxsceAad a written asstamprim agrexnnent accepted in w~ritiag by Lender, Lender shall rekase Borrower from aD <br />obHgatima tinder this Mortgage and the Nate. <br />Ef I.seder e:xuciset such option to accelerate; Letuler shall mad Borrower notice of accekraiion in accordance with <br />pntago+Ie li hueof. Sacit notice shalt ptt>vide a period of sot less tlsan all days from ttte date the notice is mailed within <br />txhich Hotro+aa may pry the aorta dxlarexl due. If Borrower faits to pay such sums prior to the expiration of such period, <br />~.MQe[ arty, witioot ftuther notice or detnaad on Bortev:er, iavoWe any rcntedits permitted by paragraph i g hereof. <br />Not-U#rtt+attd aCot~s+aarts. Bon+cwer sad Letxicr fnrttter covenant and agttt as follows: <br />Z1: ~a'atiettYat 4woiais, Har/f es Kwit1M is trttgntgi 17 iteteot, oprr Botnower'r lttraocY of aatY cwsraN err <br />tt~. ati lirsstattor M rla MaslBga, f(te taveetaa4 fa ry when tae (try litea/ factttai try this 1Newlgagq <br />tastltr !MM M aaitvia..wa titaB esri orrice M ilrrrar.er rs pariiM b P~lh ii Mraa1 TMC t [i the branch: <br />of YrtMdas ialiri N era twat i+rssri tai r irM. ttrt tits tttoo 31 elrra toner the lists the ratke b tttettiki ra Harrower, <br />!r-wYMi astft latnti amt ie renal{ art H) Malt Iris M cars suet local oa err 6atose tic dtste apaa~lNti to fire ttodre <br />+itMlg'srtait M aaaMrdas rt Mts cos sacoroi r! tits Moetpge, farectasre b iaikiai Mti'ssiig art sttk d tYs Progesty. <br />'~s#WeM sMllrrirtr ialMaa Hrerawar M cis rlldr to nirrrsr agar ac+ainatirr stet tha eight to arsrt it tie ittrariaaose <br />!!r!«Mtt tic reweettWatoe aI • ia1wY err rr~ wt4trr tielrras d lrrsawrr to aaYlrraAirw art taracttaote. t! the besotir <br />1-M4 aaAeYi~ a4 K Itlira tMa tlgfa rlae>rsi it tic ttttak+e, Taoiar M Lertlw"r a~tirr alley doctors aB et the rwsr secarsi by <br />tllrtl;lw.tt~. tr r,t i...wt.4r dsa atM !~~ wtliaot trrthrr iasari alai ato} ratscta.e h 3.+icw pecsael6rg. t.esier <br />~itltf# ~ oaiMsi M r~ M ttrei gwtrariiltg tsB astisraaa d tettrrclartwe, irde~rg, hot trot tireYed to, tws o[ tiaromterirry <br />ewiioa, titts~att ati IIMa repair. <br />~. Battslaltntf!a_1~t M ltlairrate. Notwithssandtttg l.endex's ac:clerat+ttn of the soma snutrit by this Mortgage. <br />Bar'lower aitaiilsavs fir r~lu W bout any p»xtradingt Aagun by [.miler co etiforc>: this Mortgage cSiscontinited at any time <br />