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<br />Lenders written agreement or applicable law. Borrower shall pay the amaunt of a!1 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 Barrawer and Lender agree to other terms of payment. such
<br />amounts shall be payable upon notice from Lender to Borrower reuuesdng payment thereof, and shah Naar interest from the
<br />date of disbut•stmtnt at the rate payabl€ tram time to time on outstanding principal under the Nate unless payment of
<br />interest at such rate would be contrary to applicable 'raw. in which event such amounts shalt hear interest at the highest rate
<br />permissible under applicable law. Nothing contained .n this paragraph 7 shalt require Lender to incur any exp€nse or take
<br />arty acfioo hereunder.
<br />& Tttupectioe. Linder may mak€ or caus€ to be made reasanable entries upon and inspections of the Property. provided
<br />{hat Lender shall give Borrower notic€ prior to any such inspectlan specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coeiemeatbn. The peace€d of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or ether taking of the Property. ar part th€reof. nr for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds sfiall he 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 Propcrt7, unless Horrmver and Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportian of the proceeds
<br />as is equal to'tba[ proportfdn which the amount of the sums eecured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market vahie of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid id Borrower.
<br />If khe Property is abandaaed by Borrower. or if,. after notice by Lender to Borrower that the condemnor offers to make
<br />art award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after th€ date such notice is
<br />mailed, Lender is authorized to caBect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property dr to the sums secured f>y this Mortgage.
<br />I7nless Lender and Borrower atherwise agree in wriNn¢, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the manthlt' installments referred to in paragraphs i and 2 hereof or change the amount of
<br />such instaflmtnts.
<br />10. Borrower Not Rekaserl. ~xtersion of the time for pacmen+ or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest nt Borrawer shalt oat operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors m interest. Lender shat) not he required to commence
<br />prdr-€€dings against - eh sussessar or r€tu°° turn. F.a : tl:er~ is€ •,,ad:r, amo..._atia.. of the sums
<br />secured by tfiis Mortgage 6y reason of anv~demandcmade by th€ originate Borrow€r and Borrower's successors in interest.
<br />I1. ~a Waiter. .4ny forbearance by Lender in exercising am right ar remedy hereunder, or
<br />oihetwi '" 'yr,':~tl net be a watce- i ar preclude the exercise of any ouch right or remedy.
<br />The prcx~tre ~ att'91e~gyrdcm e2 taxes or other liens nr charges by Lender <hati not he a waiver of Lender's
<br />right to atee+acraili: '~1~thtitidebtedness ~ca;red by th,. Mortgage.
<br />72. Rentediea Ctttambtlie, Ali remedies provided .n this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Morrgags or afforded by law c>r equity, sod rosy he ezeretsed cancurrenth•. independently ar successiveiv.
<br />i3. Stteeessota seed Ames Bowl: Joint and Severe: (.lability: Ceptiotn. The cnstnants sad agreements herein
<br />contained chaff bind, and the rights hereunder shalt inure to. the r€spectrye successors and assigns of i.ender .rod Borrower.
<br />subject to Elx provisians of pazagraph ?' hereaf. .4f; covenants and agreements of Borrower shall ere joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are fur canventence only and :ere not to he used to
<br />interpret or define the previsions hereof.
<br />I4. Noliee. Except for arty notice repaired under applicable law to be g+ven in another manner. (al env natice te,
<br />Borrower provided for in this Mortgage shall he g+ven by mailing such notice by .crtified mat! addressed to Borrower ai
<br />the Froperty Address or at such other addres-s as Borrower may des+g: ate by notice !o Lender as provided hereon, and
<br />fb) arty notice to Lender shah he given by certified marl, return recc+pt requested. [n tender's address uatrd herein ar to
<br />sash other address as L€nder may desitmate ;•y notice to Barrower as provided hsre+rs. 4ny notice provided for in this
<br />Mortgage shalt he deemed to oast been given to Borrower or Lender w!>cn given in the manner desinnattd herein.
<br />13. L'aiform MotYRaRe: Govertt+rt T„nr: Sererahility, Th+s farm of mortgage camhines nnifc-m covenants fur national
<br />use and rton-unifarrn sovenatrts with limit€d var+anons by !urs..dictian to constitute a unifarm secants ~nsirument covering
<br />real property. This Mortgage shall be governed hs• the law of the iunsdiction :n which the Property is located. in the
<br />evert{ that any provision er c}ause of this Mc+rtgnge ~.r the Vale cn;tflicts with appiicahte law. such conflict shall not affect
<br />other provisions of this Mortgage ar the Vate svhtch car• be etv€n etTect withaut the conflicting provision, and to this
<br />end 8[e provisions tit the Mortgage and the Vate ere declared to be severable.
<br />If. ltxrower'a Copy. Borrower shall t>c furnished a conformed copy of ih€ Vat€ and of thrs Mortgage at the time
<br />of exxution or after recordation hereof.
<br />17. 7kntdK of the 1Ropaly; Atrsewtptiew. It ail c+r any part of the Pn>peny or an interest therein is sold or transferred
<br />by Borrower without Lzndtr's print written; .;onsent, cx.luding ice) the creation of a ?+.zn ar €ncurnbrance subordmatc to
<br />this Mortgage, fb} tix creation of a p[rrchase money security interest for hous€hold appliances, te) a transfer by devise.
<br />descent or by operation of law upon the death of s jaent tenant or td+ the grant of any teaseho!d interest of three years ar Ices
<br />not t~ntaining an option t_n uurchase, Lender may. ar isnder's aptnzn, declare aft the sums secured by [his Siongage to be
<br />immediately due and payable. Lerxltr chef! has•€ waived +uch option to accelerate if. prior to the sale or transfer. Lender
<br />seed the peravn to whom the Praptrr}• is to be sofd ar transferred reach :+greetttent in wrtmg the[ the creaiit of such person
<br />is satisPaetory to Lender and that the interest pavaDie an the sums secured by this Mdrigage shalt t+e at such rate as !.ender
<br />shall rtgttesl. If Lender has waived the option to acct!era*.t provided in this paragraph 17, and if Borrower's successor in
<br />iateiest has executed a wrttttn assumption agreeirtent ac€epied in writing by Lender. Ixndcr shell release Borrower from ail
<br />obii~ations under this Alortgage and ~e Nate.
<br />If Letidea exercises such ap[ion to acceferaat. Lender ;.halt mat! Barrower notice of aceeferation in accordance with
<br />parasraph 14 htrwf. Such notrce shall provide u perst-xl of oat less than 3t7 days Erato the date th€ notice is mailed within
<br />which Borrower my pay the sums declared due. i# Barrower feels +e pay such .ums prec+r to the expiratron of such period,
<br />Ltrtdtr may, without further natice er demand on 8orrm»cr, ~nseke zn1 remedies perm+itad by paragraph : A her€of.
<br />'_dDnt-lixtratthr CorVi~reN'ts. Borrawer ar~td i_ett~t further ccrvznam arsd agree as fs<l'tows:
<br />li. ; liteme~ita. 15kctpt >6 pmrided is paragraph 17 hereof, epos Borrower's Drench of say reretnat or
<br />tetaatltcat[ d liar[rewer in wit Man{t~ge, iacltriiag the covenants to pay settees doe gay seen secared Dy ibis ttorlgrrge,
<br />(.rift peeler 4 actdaraliae ttYaB araB splice io Barrower ~ prodded ie paragraph li hereof specifyiagt tl) the Meath:
<br />{la-!\e arYaetx~eirei is-trees stele breaelr; (z} a dale, tat km tlua Jl- days from the daft the ratir.•e is mailed to borrower
<br />yS whklt aedr Mpr>t tettal tk trreiq sad idi tbal faUrtrt to curt such 6rcach oa err before tb€ date specified iu the nutke
<br />aat1Y iranN L aecalsretlo>. al lire seltac scented 6y this Norlgage, Fortclatatre by jadicfal procttdieg sad vale of the Property.
<br />'[Ira trelit~c sltaY feather ie[arta iarrawtr ui for ri{N to remlate after accekratioa end fbe rig61 to roster in Ehe foreclosure
<br />plMr{Mih11; for awr~eairltete of a detark a say otter defense of borrower to acrekraii[m seed lorec3oartrt. (f for 6rtarh
<br />Y MI taMli-art ar. iaiwe lYe late geciYai i• tfee natice, Ietttder W Leader's nrptiart nwy declare aU of the swnv secured ht
<br />11r1a tNergtrt le ba ilaaerditArly doe aad.payohle witlxmt tarlirer dettwad sad may forecHrse by jtrdkial proceeding, leader
<br />aleW bR taRllei is eairrt in aeeb prueeeditrg aB ezptartea of forttcbtart, fartediog, Due wut limited tu, ants of documtatan
<br />srMucs, rtYMreelt art lUie repttttb.
<br />ilA: iarteeratR ^~ N RaiaYale, Ivotwithsiarpdtng Lenders acre:erauon of the sums secured by this Mortgage.
<br />Borrower shelf hate Litt: ri~6t tU have any prac€edurgs begun by I ruder u> enforce thrs !.fnrtgag€ <!isc.~num+ad at any time
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