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<br />[,ender's written agreement or applicably law. Bormwer shall pay the amount of all mongage insurance premiums in the
<br />mantter provided under paragraph ?hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7. with mterest thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amotmts shalt be payable upon notice from Lender to Bormwer requesting payment thereof, and shall hear interest from the
<br />date of disbnrsement at the rate payable from time in time nn 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 hear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />$. Inspection. Lender may make or cause to he made reasnna6le entries upon and inspections of the Property, provided
<br />[hat Lender shall give Borrower notice prior to any such inspection ;pacifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9: CwdemrtaNon. The proceeds of any award nr claim for daraaees. diryct ar consequential. in connection with any
<br />condemnation ar other taking of the Property. or Dart thereof, nr for conveyance in Geu of .nndemnation, are herehc assigned
<br />and shat! he paid to Lender.
<br />In [he event of a total taking of the Property, the proceeds shall F,c applied to the sums secured by this Mortgage.
<br />with the excess, if atrv. paid to Borrower. in the went of a partial taking of the Progeny, unless Harrower sod i.ender
<br />Mhyrwist agree in writing. [here shat{ he applied to the wmc secured by thss ~lnrrgagy each proportion of the proceeds
<br />as is equal to roar proportion which the amount of the sums sec:ved M~ this Mortgage immediately pnor to the date of
<br />taking Mars to the fair market value of the Property immediately pnor 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 nonce by Lender to 8nrrawer that the condemner offers to make
<br />an award ur setsle a claim for damages, Bormwer fails to respond to Lender within +0 class after the date such notice is
<br />mailed, Lender is authorized ro collect and apptp the proceeds. at I ~_nder'c op+;on. either m restoration nr repair of tlfe
<br />Pmpyriy or to the sums secured by this ~torr2agc
<br />Unless Lender and Borrower otherwise agree in WT'.tiny. anc such apphutunn of proceeds io principal sfiall not extend
<br />or postpa[te the due date of the momhi7 installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Fxrension of the umc f; ,' payment or mndificanon of amortization of the sums secured
<br />by this Mortgage granted by Lender to env successor !n interest of Borrower shall not operate to release. in any manner.
<br />the liabiiin• of the orieinai Borrower and Borrower's successo-~< .n mrereu. tender shall not he required [o commence
<br />pmeeedings agairst such successor nr refuse to extend time ins payment or otherwise modifi~ amornzatian of ice sums
<br />secured by this Morga¢e by reason of anz' demand made ht the origmai Borrower and Borrower's successors in interest.
<br />11. Forbearance Dy Lender Not a Waiver. ~1rn Fnrt+carance he I ender in e<yrctsm, :+nv right nr remedy hereunder, or
<br />othtrwist afforded by applicable taw. fiat! not tx .~ waiver ~~ or preclude the rzercise of env such right or remedy.
<br />The ptneutetitettf of insuraneeor the paymtent of razes or other bens or eharees by Lender shall not he a waiver of tender's
<br />right to accelerate-the maturih~bf the indeMednecs secured by thy. ~lortgagc.
<br />12. Rtdediea Croaulatlrt. .Ali remedies pttw~ded ut this Mortga¢e arc distinct and cumulative to any other right nr
<br />remedrtmder~itris Mortgage or afforded by lain ,.r eeuirp, and map he ezerc~sed rnncurrentlc. independently or successivety.
<br />13. Saceessors and Assgfns Bound: Joint and Several i.iability; Captions. The covenants :rod agreements herein
<br />cantained shall hind, and the rights hereunder shaii inure ;.~- the rrcpecuce successors and assigns of 1 ender and Barrower.
<br />subject to the provisions of paragraph 1' .`tereo! .ill covcnams and agreements of Barrower shalt he }omt .rod several.
<br />Ttse captiorts and headings of the paragraphs „f this Mnrteage arc for .uncentence „nlv :nd are not to ht used to
<br />interpret or define the praznsions hereof.
<br />14. Notice. Except for ar, v~ nonce rcyu:red under applicable law to be gn'en m anothri manner. ~a! any notice to
<br />Borrower provided for in this Monga¢c shaii he cwcn hp marline such nonce M- .crnfied mat? :addressed to Bormwer at
<br />the Property Address or a[ such other addrss as Bo rrowcr rosy destana[r by noricc t.~ t under as provided herein, and
<br />(is) env noucy to Lender shall ht green he cenifted marl. return receipt requested. to 1 ender s address stated herein nr to
<br />such ether address as Lender roes designate i+z notice to Borrower as prm~rdesi ^rre~n 4ny- notice pms•rded for ~in this
<br />1E4ortgage shall Eat deemed to have been ,avyn to Borrower or I ender ••i hen given in the manner designated herein.
<br />15. Uniform Mortar~r: Guvernios f.aw: Severability. This Corm of man_agc :+~mhines •,~n ~. nrm .-.~venants for nananal
<br />use and nOn-nnifarm cover.:;nt; with limited eartanens by luncd~ction to constaute a t~rdorm s<•.: +:ntt ~, astnrmcnt crn•cnng
<br />;tat property. This Mangage shall ?x governed hp the law ,,f the turisdreuon :n which the Pronenv rv lcxated- [n the
<br />evens that any pmvisian or clause .~f this Mortgage nr the Note conflicts w-ith appiicahSe taw. *uch .-ontitct shall not affect
<br />ocher pranstans :+f this 4lorigage or the Note which can he given effect withiru*, the ceniiicers provision, and to this
<br />end the provnians of the ~'siartgage and the 'tince are declared to he severable.
<br />2f, iorrorrcr's Copy. Ba.:,..x'ti sleet] ^c• ft:rn:shrd a ce,nfermed _epv of the Note and tit this Mortgage at the nmy
<br />of txacutinn nr alter rectxstlation hereaf.
<br />1'f. 1Yader of the PrapeRF: Assampfiurn if all nr acv part of the Preprnv nr an +nteres! thereto is seed or iranslyrred
<br />by Sorrox'er w~ithaut L.e.nder's prit:r wriven consent. excluding +a! the creation of a hen t+r encumbrance atalxtrdtnatn to
<br />lhi~ Mortgage. sb? the creation of a purchase money suuritt' interest for household appliances, +c! a transfer by devise.
<br />d+eSCtOt «t by aperxiton of taw ¢rpcen the death of a iaaa tenant or tdi the grant of and ;easrhoid uuerest of thr~x }cars or less
<br />real containing an option €o purchase. t.rnder rosy, at Lender w option. declare alb the sums second by This Mortgage to he
<br />iritinedtatety due and payable. Lender shaii haze waned such option to accelerate if. pnor !o the save or transfer. Lender
<br />and iht person to whom the Property is ie, tx anld or transferred reach agreement m wr;nng that the cradle of such person
<br />is satisfacton• to I.xndrr and that roe interest payable nn the sums secured by this Mortgage. sftsti he at such rate as Lender
<br />shall rtgtrtst. if 1_tndet has wxtvrd tht apti+:n to uccekratr prarided in this paragraph 17. and if Borrower's successar in
<br />:nitrest has executed a written assumption agrretuent accepted in urittng by I_rnrAet. Lender shat] :eiexsr Borrower from all
<br />obligations under this Mortgage and the Nott.
<br />if Ltttdtr rattriss such option to acctitrate. i.ender shat) mail $orrower nonce of acceteratton en accordance with
<br />paragraph t•i hereof. Such nonce shalt provide a period of not less than ?0 days from the dace the notice is mailed within
<br />whi[lt Borrower may paV the suttis dtyiazed due. If Borrower fails to pay such wins pnor to the expiration of wch pencul.
<br />I_^ndz,:r may, without fttrthx t+.atire or demand ov Borraw~er. ,ryoke any remedies nerm,ited by paragraph I fi hereaf.
<br />Novi-Uvtraaat COVENAt:TS. Borrower and Lender further covenant and agree as follows:
<br />11. Accekrtlioa: Resei'iea. £xeept as provided in paragraph ]~ 6ertof, upon Borrower's brac6 of nay rovenanf or
<br />apetmeat of Borrower is this Morl~e, inrtrdiop, the rovenanls to pay when doe any sut~ secured by this hlorfFaae,
<br />[,disc getter to aeltJerafiarr stall coat] notice fo Borrower as provided in ptuytraph 14 hereof speci[yityt: 11) the breach;
<br />(211ht atiis~ rs~i to tore srch beach: 13) a data not leas than 30 days tram the date the notice is rrtailtd to Borrower,
<br />by witch sask bracts tlNil-be secret; aoi 14) chat failere to cure such breach oe or before the daft specified in the notice
<br />mN• rruaN io accdaatiaa of the sttutRV secured by this MorfeaRa fareciosure by jtdicial prucredintt a~ sak of the Property.
<br />7'~e aafiK~sMaY farlYe- itiorwtBfrrrower of the right fo reirwirte after acceteratan and the right io assert its ehe forrcMsare
<br />pnttainr0 fire twteuiNeace of t de[ardt or any other defetrse of Borrower to acreleraliou aed forrelosure. If the brash
<br />is oaf cutsi a. or b~ere lift daft spceiRei in tiro realise, Lender at Lender's option mry declare ail of the sums secured 6y
<br />flit MorfBrit to be iatareiissely dot ad payabk without further dtma~ and may fareclase by judicial Proceedioa. Leader
<br />fhaB be ealitletl b callrcf is each procedlrtlf alt expertsss al forecbsure, xladinti, but nai IimNed to, rosin of documtoluy
<br />eriie~rx. ahlracla aid tfde re}orla.
<br />/!: Barrower'a Rklq to Rtfaar:att. Notwlrhstanding L.ettder~s acceicratiott of the sums secured by this Mortgage.
<br />Borrower shall havtttte right to have any proceedings begun by Lender to enforce chi, Aiartgage dtscoattmtyd at any time
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