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<br />80-- ;~0~13~
<br />lender's written agteetrrertt or applicable law. Borrower shall pay the amount of ail mortgage insuraa.e premiums in the
<br />roanoer pt'ovidcd under paragraph 2 hereof.
<br />Any amounts diaburxd by Leader pttrattant to this paragraph 7, with interest thereon, she!! become additional
<br />indsbtedneas of Borrower stxured 6y this Mortgage. Unless Borrower and Lender agree to other temR of payment, such
<br />amounts shag be payable upon notice from Lender to Borrower requesting paymem thereof, and shall bear interest from the
<br />date of disbirnement a6 the rate payable from time !o time on otrcstandtng principal under the Note unless payment of
<br />interact at such rate would 1>e contrary to applicable taw, in which event such amounts shalt bear interest at the highest rate
<br />permiribk tinder ttpplicabk taw. Nothing contained in this paragraph 7 shall require Lender to incur say expense or take
<br />any astian hereunder.
<br />11, faalreetlrr. [ender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lentkr shall give Bortower irotiee prior Fo any st3ch inspection specifying reasonable cause therefor related to Linder s
<br />interest in the Property.
<br />9. CoristaraUott. The proceeds of any award or claim for damages, direct or consequential, 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 be paid to Ixnder.
<br />In tFe event of a total taking of the Property. the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess;. if any, gold to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwix agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal ro that proportion which the amount of the sums secured by this Mortgage immediately pricer to the date of
<br />[akirtg bears to the fair market value of the Property immediatey prior 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, afar 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 Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's op, an. either to restoration or repair of the
<br />Property or to the sums sewr4xd by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<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 iastallmems.
<br />14. lirrrawer Not Rdeated. l=ctersier. of t!x t:ma for payment er mt~ificatien of amor*.i:a>.eon of *.ha sums secured
<br />by this Mortgage granted by [xnikr Eo any stxcessar in interest of Borrower shall not operate to release, in any manner,
<br />tits liability of the original Borrower and Borrower's suceessors in interest. [.ender shall not be 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 rx:ason of any demand made by the original Borrower and Borrower's successors in interest.
<br />lf. Patrarwrte ~ Leader Not a Wainer. Any forbearance by l.erder in exercising any right or remedy hereunder, or
<br />otherwise aHoMed by applicable Saw, shall trot he a waiver of or preclude the exercise at any such right or remedy.
<br />The procurmrenf of imurance or the payment of taxes or other liens or charges by Lender shat] not be a waiver of Lender's
<br />nghF to aecskrase the maturity of the indebtedness secured by this Mortgage.
<br />IZ IRe~ Ctaastlallse. Alt remedies provided iu this Mortgage are distinct and cumulative to any other right or
<br />remedy ands this Mortgage or afforded by law ar equity, anal may Fxe eztrcised canctvrentty. independently or successively.
<br />IS. Saeeensss and Astips liorr~ fe®t sad Several f.iablky; Capsires The covenants and agreements herein
<br />wntairted shall bind, and tltt rights txrcvndei shai3 inure to, the respective successors and assigns of Lender end Borrower,
<br />subject to the provisions of paragraph 57 hereof. Ali covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenienec only and arc not to tx used ro
<br />inRrpret or de$rte the provisions hereof.
<br />It. NMko. Except for any notice required under applicable law to be given to another manner, tat any notice to
<br />Borrower provided for io this Mortgage shalt be given by mailing such .toiice by certified malt addressed .o Borrower at
<br />the Property Address or at such other address as Harrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to [_errder shall be given by ttt:ified mail. retain rtteipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. .4m• notice provided for in this
<br />Mortgage shall be deemed to haz tarn given to 1)orrewer or Lender when glum in the manner r'esignated herein.
<br />15. Uttitasw Mtsetgalet Goverairg fans; Sererarlky. This form of martgagt combines uniform covenants for national
<br />trot and inn-tmiform covenants with limited variations by jutisdiMxtn to cottstittrte a uniform secuntp instrument covering
<br />real property. This Mortgage shall tx goverrxd by the taw of the jurisdiction in which the Property is located. In the
<br />event tlrat say prm'ision or claws of this Mortgage ar the 'Volt conflicts with apptit:abk law, such conflict shall not affect
<br />otlssr provsions of this Mortgage or the More which can oe gtven CiTECi without the conflicting provision, and to this
<br />and the provisions of the Martpge and the Noe are declared m be severable.
<br />lf. Lrarrrar's C.ar,~. Horttrwret shal- be famished a conformed copy of the Nate and of this Mortgage at the rims
<br />of ecacrtioti or after recordame hereof.
<br />1T. 1it~dar si Ms ~bt Aawrptirr. If all or any part of the properly or an interest therein is wed or transferred
<br />by B4rrawet without Lender's prior written consent, txclttding fa} the creation of a lien er encumbrance Rulwrdinate to
<br />this Iltfortgsge, fb) the ergtion of a purchase ttsoaey security interest for household appliarnes. /c) a transfer by devise,
<br />dets+rat or by operation of law upon the death of a joint tenant ar fd) the gent of any leasehold interest of thru years or less
<br />not carta6+itq an option to puncltare, Letrdet may, at t.snder's option, declare elf the sums secured try this Mortgage to be
<br />imntadistsly ~e and payable. Leader shill have wttivetl such option io accelerate iF, prior to the sak or trarofer, Lender
<br />aqd trt psraast to wham the Property is m Ix sokt or transferred reach agreement in writing ittat the credit of such person
<br />is catlffactory [p Lender std that the itterest gayabk on the sums secured by this Mortgage shat! be at such rate as Lettdet
<br />shall ragtst:a. If Leader )rt waived the option m acceknto provided in this paragraph 17, and if Borrower's successor in
<br />itatarnM has saaculad a wtit~ artmtptian agreement accepted in writing by Linder, Linder shalt release Bartawer from all
<br />adiptiomt ttpder thin Ittortgrtpa sad the Nam
<br />If I.mtdar sxorcisss stteh option to at:celtratt, Lsttder shall mail Harrower ^o[ico of acrelsration in accordance with
<br />ptvapaph t• ltproo,`. Srch aortas shd# ptravide a period of trot tars than 30 daY`s From the date the trotice is maim within
<br />rtrhieh 1larroxser may psy the strata doctored dtss. If &rnowez fails to gay such sums prior to tits expitatiiut of such period.
<br />leadat wqr, without fisrthsr aasice or danaat on BorrTnver, invtxte say rtmediss permr[ted by paragraph i Q heraif.
<br />Iiats.UxttYtass CtYtretsar'rs. lorrestnr std Lender further covenam atxl agree as follows:
<br />ffk Asat~iert 1~ w prrsiisd is *nratpapi 17 resat, wa larrowsr's irtwtr of taY cuteiaal or
<br />t~tK at ~setatrnr Ir tltY MaryaHa, latibaiittg ere corsraMS to pay versa doe ay soar accord by this Mtarlptgs,
<br />14r~llrr *MK to asasitcrilsst altel sal tttMics N larrawer os /s4viied V gaaagraPr 11 tenor slsseHyial: f l) ere rtsaert
<br />{7i Ys atMtw ra~tisetl N tw aw! Letteltt (S) a drM. oat iota lisati Jf drys row fns dots fns entire k aaailsd to liorvawsr,
<br />11.ttiis! astir rtwea trttri it and' ad (i) trot talsra t~ errs sa[r lstaacr co a batons era date sMeclliad lr its taslirs
<br />ttaefr trial[ i-aesrMw~ of t1Ya wawa asewtd t-r this Mosysls, trt+xissare r3 jadieial parceodiitg sad sak nL ere ProNNy.
<br />liletMlfsRahrTiNstltsrlMwa Brasriwrr ai trs-right N rsiasatsattar asesiatatiart sad tfaa right b oral b ere fassclearts
<br />i ft~ ttaaetlrrtao.a/ it -htarrF ar .arty otter dtrbrre ei lasratwsr to atcaMraiiar aai tnTacfattrre. if trs brsacr
<br />Is t[aR tarri!rt~ 1Nt itMR /Its dYr grtMrd it At taatld, l.eaisr tq I.sade's orlfso any doors all of ere saws textured by
<br />rime his iltrSriYMsl]'!ra tard:pyyallr wLlMat irglter dsataai read tray forstiote rY ltdkd !-oresiittg, I,sde
<br />rUtfll rr wdiws l.. sniscY +r a.tlt,prrstlirs ar rss..ws of rr.ri..ira, iaridlal, lta~t acs Hurd tw area or dactrrsatary
<br />tnUsftsa. aisYes~ra~A tlis esrisaw,
<br />f~ MMa1Nls Ilf~t N -1llirMsot„ ;VcKwilhataadinj l.&ttder'R atselezar~m o[ ±he stints secured by this MetYgage,
<br />1larroaer a1trA httva thee. ri>)tlnt to have any pto~atittgs begun by l_erader to sn torte ihxs Aiortsa~ dis.,vntimred at auy txtne
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