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<br />$1- 1)(~27~5
<br />Leader's written agreement or applicable taw. Hormwtr shall pay the amount of ail mortgage insurance premiums in the
<br />maemer provided under paragraph 2 hereof.
<br />Any amotmts disbursed 6y Lender pursaant to this paragraph 7, with interest thereon, shall become additional
<br />indttbitxlftess of Berrawer seeurtd by this Mortgage. Unless Borrower and Lender agree to other terms of payincnC, such
<br />anvatnts shall tie payable upon notice fratif Lander ra Bisrrawer requtstiag payment thereof, and shat! hear interest from the
<br />dale of disbursemt#rtt at the rate payable from tittle to time on outstanding principal under the Note unless payment of
<br />interns; at alien-rate waU(d be contrary ~o apptieablc law, fn which event such amounts ;hail hear interest at the highest raft
<br />permissible utedrr applicable l:.w. Nn#hiAg contained in this paragraph 7 snail require [.ender to incur any expense or take
<br />any action tiereutttkr.
<br />~• l~ndtr may make ar cauu to be made reasonable entries upon and inspectrnns of the-Property, provided
<br />that lender shaft give Borrower notice prior to any Bach inspection specifying reasonable cause therefor related fo Lender s
<br />interest in the Property.
<br />9. CoeAetweatisn. The prnce_eds of any award or claim for damages. direct or canstqutntial, in.eomttctian with any
<br />rondsmnatian nr other taking of the Property, nr pan thereof. ~ Far conveyance in lieu pf condemnat'ren, are hereby assigned
<br />and strati be pai6 to [xnder.
<br />fn the event of a trial taking of the Fraperty, the proceeds shall t?e applied in the sums secured by this Mortgage,
<br />with the excess, if any, paid to Harrower. [n the event of a partial tatting of the Property, unless Borrower and Lender
<br />orher^xisc agree in writing, there shall I>c applied to the sums securod by this hinrtgage such propwtfon of the proceeds
<br />x is uryal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears !n iha fair market volt=e of the Property immediately prior to the dart of taking, with the balance of the proceeds
<br />paid to Bixrnveer.
<br />[f the Property is abandoned by Horrower, or if, afar notice by [_ender to Harrower that the condemnor offers to make
<br />an award or settle a claim far damages, Harrower fai}s to respond to-Lender within 1(1 days after the date such notice is
<br />mailed, Leader is authorized to calltct and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage:
<br />Unless Lender and Borrower otherwise agree in .vnrine. any such applicatirnr of proceeds to principal shall not extend
<br />or pastpant the due date of the monthly irstallments referred to in paragraphs I and 3 hcrcof or change the amount of
<br />stxh irrsta!Iments.
<br />10. Barrnt+rr Piet Released. rxttnsion of the time (or payment nr modification of amortization of the sums secured
<br />by this ?Nnttgagt granted by t.ensftr to any successor in in[erest of Borrower shall not operate to release. in any manner,
<br />tht liability of the original Bottower and Borrower's successors in interest Lender shall not trt required [o commence
<br />proceedings against such successor ar refuse to extend time far payment or rthtrsvise modify amortization of the sums
<br />secured hr this Mortgage by reason of any demand made by the urieutal Rorrs~wer :md Borrowers successors in interest.
<br />11. Parbeanmet fry l,endtr Nat n Waiver. tiny forbearance by Lcsdcr in cxtrccstrg am' riche er remedy hereunder. or
<br />otherwise affordtd by applicable law, snail not be a waiver of or preclude the cxtrcisc of any such right or remedy.
<br />The arocuremtnt of insurance or the payment of :axes tar other Dens err chasers M~ Lender shall not he a waiver of Lender's
<br />right to acccteratt the maturity of the indcbtcdnc<s secured by thi, ti4angagt.
<br />1L Reirmdias Cumnfative. .AI! rtmedies p:caided in th+s bfortgaec arc ,iistmct and cumulative to any other righd or
<br />remedy under this Mortgage or afforded hp law nr cyunp. ,rncl mry lx r•trc~•_r.l concurrently, independentfv nr successively.
<br />13. Suertssors sad Assigns Bonnd: ]eini and Several f,iab#fety: f'aptitxcs. t?se :.cvenantx and agreements herein
<br />contained shall `ind, and the rights hereunder shall inure ta, the reslxccrve sncctssot'S arr.'::t.,igrn of Lender and Borrower.
<br />subject to the pzayisiens of paragrap;. i? irercoi. .Alf envenoms and arrcrments oC Bar rawer shalt 6c joint and several.
<br />The ::aptians and headings of the paragraphs of this Martgatr ate i:~. :onmm~ctrce +=nlv :and ate net in he used to
<br />interpret or eftfine the pmvsians hcrcof.
<br />14. Nsu&e. Except 'ar any notice rays»red onckr appiicablt Ia:v :o ht g,vrn ,.r ^nothcr manner, ta) any notice ,o
<br />Harrower provided fat m this Mortgage stroll tx gtvcn by mailing ,uch ++.,hcr ~y .ertified mart addressed kr Rarrower at
<br />the Property' Address nz at such other address as 3arraw~tr may c.t=.,tnate t,y s,rxi~e to Lender as provided heroin, and
<br />(bi any trailer to 1_cnder shalt fx ~tvcn by .erirfied roast, rruun revc~,*r reyucsted. '++ l cadet s address stated herein or to
<br />such other address as Lender may desit;natc by nati.e to Bas:.=xcr as priwtdtsf htrtrn. Any notice provided far in this
<br />Mortgage shall t?e detrntd to have bran given to Harrower r+r i cndtr ,w h^. r•, {riven in iht-mantras designated herein.
<br />IS. Uniform Merq;age: Gavernlrrg [aw; Severabi7#ty. F*.is intro r! ntrrigage combintir uniform covenants €ar natiaaxl
<br />use and tiro-uniform covenants with limited .artaucn; by iuri,Jsctxrrt ..-, ~ n57ittne a uniform security instrument covering
<br />real property. 'fl'tis Mortgage shall [x goyerrted f>y the law .~i thr ;uc,.dret~e,a :~t which the Property is located.- In the
<br />even; that any provision or rlau>t =.rf this Afnrt4age +~r she !start :vnflicts ~~,rith applicable law, such cantltct shag oat affect
<br />other provisions of this Mortgage nr the Nair shrch <an be g.v~•n rt}c,a ,+tdm+rt the cunt7icting provision, and t~ this
<br />end the Isiovkions of thr- Mortgage: and :. - ^lnit =re .#ec#arad to he v:ve+ahly:_
<br />16. 13orrowtr's F.opv. Borrower shalt l*e furmshtd a contoerned ca+pv .,f ~hr Vote and of this Mortgage at the time
<br />of execution or after ncnrdatian':ereof.
<br />17. 'transfer of Its PraMeriy: Assamptioa. 1f all nr any ,rata rrt the Prc,ptriy err an interest therein is sold nr transferred
<br />by Ilorrowcz without Lender's prior wri:tan conxrtt, excluding t-st she :.reation art a lien cr encumbranec subordinate: to
<br />this Mortgage, (bi the crcatian cf a purchase money sr.urity +nterest for hnuxhnld appliances, fc) a transfer by devise,
<br />descent or by operation of tau upon the death .rf a joint tenant or ~ -
<br />Lender ma}. at Lender'. option, dt..lare ski the sums secured h~y this Mortgage to be
<br />immediately due and payable. I.cnder shall ha.c waited s t.:b epuan ;,e accclcrate if, prior to the snit or transfer, I.ende[
<br />and the person to wham the Property is ro t+r sold er :rartaferrtd reach ogres-;ncm in wr:iung fiat the credit of such parson
<br />is sarisfastorv to Lender and t:tat tare interest payabkt on the sums stored h} this ;<fnrtgage :half 6e at such rate as Lender
<br />- shat} reytitsi~ if Leader iron waived the option !u accelerate presided in this paragraph f7, and if Borrower's successor in
<br />- tattiest has executed a wzitttn assumption agrco:ment a~crpied i ;writing b}' L.et+dcr, f.crtder shall release Borrower from all
<br />obligations under taus Mortgage and the Vete.
<br />' Lf Lender exercisa~ such option to accelerate, Lender anal; mail B;uraxcr aortae- of ac•_rlerauan m accordance with
<br />- patagr;aph t4 hcrcof_ Such notice snail p+'9vide a pcrtod of nut Iasi than 30 days frctn the date the naric~rs mailed within
<br />- which Sorrcxwea may ,pay the sums declared due. tf Harrower Faits to pay sun ,nms prior to the expiration of such period,
<br />Lettdtr:may, without. further notice nr demand - . &xruwrr.:nvake an} rcmcdtcs permiueri by paragraph IS hereof-
<br />Ndpr-[lNfFpaty £nvar:srrs- #3errowcr and Lcndcr turthcr covcrant a u ,,grec as Isrl3uws:
<br />Ig:- Atcrjerss;fitn; Remedies- Fatcept as provided in ; aragraph 17 #ttreof, upon Borrowers breach of any covenant ar
<br />agrasimas; of=,1?{erravru in this yftutgagt, iucitrdiag the covenants in pay when due soy stint. secured by th#s Aiortgnge,
<br />- ieitdar print! f0 sectkralfirn slmdi itiail nWlce to Borrower as provided iu paragraph t4 hcrcof specifying: f 1) the breach:
<br />fly ffx atNo#s requfrad ca care such breach, f3) a dads, not lass than 3U days tram the date the notice is tootled to Borrower,
<br />fry vrhfeft nosh broach roust ba raced; and (i) that EaBure la curs such breach tin ar before the dale spetsfitd in the notice
<br />- miry rasitU fn aceekrtifian of the auras securod by this ylartgage. fararlosiue by judicial proctadinR and seta of Ina Pmptr[y.
<br />'Tlyt at{N1iFe s~FSp further intern. Burivwtr of the tight !a reinstate afar accclaratiurt slut the right to assvri in the foreclosure
<br />- j~aci tfie nun.ntistanex aF a dc[aatt ar any other daftnsa of Harrower to acealeratiarr and faractasare. If the hraach
<br />- bt ptyi t#rrad+a#s ax haftue tltwt data sparred in tlrtt notice. Lrroder at ixndtrrs ap;itui may dertare all of the soma savored by
<br />tftltl ~/agt Ha bee ta#tgtrdla;aly dwe and paytieae witMiut tuahar daneand aad may famcfmc by judicial pratecdin$. Lauder
<br />- - ,wag tea atstkfad to calfaet ip :wth praraetfi>~ al! expanses of forectusnrc, indading, but .wt firtiiCed ta, rants of dacunranfarv
<br />- evt4it8ca. abait'acls and IiNa rapar[s.
<br />f4. Bssrrearer's Rigbi to Rcit~tafa. Nu.witnstandirtg t_endet's atceittai<n i ;ire sums ses:uitd 6y this \inrtgaga
<br />- ftavtxiwer vttatt have the r[gbt tz= k'sa 't ling prrsr.arcdtngs t+ogurt by i fender to ra let. _ the sic rtaaga rtisctaaUnued at airy runt
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