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<br />Lender's written agt~[nent or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Aay amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />r amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall beaz interest from the
<br />! date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to agplicable law, in which event such amounts shall bear interest at the highest rate
<br />petmis~hle urtder applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Impection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Harrower notice prior to any sack inspection specifying reasonable cause therefor related to Lender's
<br />interest In the Property.
<br />9. Condeatnadan. 7Tre 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 far 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 shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Harrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />- as is equa3 to that proportion which the amount of the aims secured by [his Mortgage immediately prior to the date of
<br />taking bears to the fair mazket value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If ,wn. ProY...:j °b.°ad.^:d by n.. ......: f .,s.e....,,,. ° b., Le..de ., n.. .ha, rho .,d_~„ oat. .n ...ske
<br />an award orssettle acclaim 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 option, either to restoration or repair of tht
<br />_ Property or [o the sums secured 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 instathnents referred to in paragraphs 1 and 2 hereof ar change the amount of
<br />such instalimetrts.
<br />18. Borrower Not Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the origins! Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse m extend time for payment or otherwise modify amortization of tht sums
<br />secured by this Mortgage by reason of any demand made by the anginal Borrower and Borrower's successors in interest.
<br />11. Forbearance by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />atberwise afforded by agplicable Saw, shall oat- rte a waiver of ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or ether liens or charges by tender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebttdttess secured by this Aiortgage.
<br />12. Rewedies Comalat[ve. Alt remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Saca~essors and Asslltm Bound; joint and Several i.iabBify; Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shall inure tu, the nspectioe successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. Ail covenants and agreements of Horrower shall be joint and several.
<br />The captions and headings aF the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or define tbe provisions hereof. -
<br />I4. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to
<br />Borrower provided for in this Mortgage shall M given by mailing such notice by certified mail addressed to Borrower at
<br />the Propery Address ar at such ocher address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail return receipt requested. to Lender's address stated herein or to
<br />such other address as Lender may desi¢nate by notice to Borrower as provided herein. Anv notice provided far in this
<br />Mortgage shah be deemed to have been given to Borrower or ].ender when given in the manner designated herein.
<br />IS. U[tffotm Mott[;age; Covernirtg Lawt SeverabHNy. This farm of mortgage combines uniform covenants for national
<br />use sod non-uniform covenants with limited ysriations by jurisdiction to constitute a uniform security instrument covering
<br />real property. ibis Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision ar clause of this Mortgage or the Nate conflicts with applicable taw, such conflict shall not affect
<br />other pravisiwes of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />erect the provisions of the Mortgage and the gate are declared to be severable.
<br />14. Borrower's Copy. Borrower shah be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of expcation ar after recordation hereof.
<br />} 17. Traaaftr of the Property; Aswwptioa. if ail ar any part of tht Property nr an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, fc) a transfer by devise,
<br />descent or by operation of taw upon the death of a join[ tenant or (d) the grant of any leasehold interest of three years or less
<br />not rnntaining an option to purchase, Lender may, a[ Lender's option, declare all the stuns secured by this Mortgage to be
<br />imtnediatety due and payable. Lender shah have waived such option to accelerate if, prior to the sale ar transfer, Lender
<br />amt the person to what[ the Property is [o be sold or transferred reach agreemem in writing that the credit of such person
<br />is satisfacttary to Lender and that tbe interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shalt regtuat. if ].ender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />ioteresi has executed a written assumptiaae agreeatrnt accepted in writing by Lender, Lander shall release Borrower from all
<br />ohiigatioos antler this Motgage and the Note.
<br />If Lander exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Sltcft notice shalt provide a perm of oat lea than 30 days from the date the notice is marred within
<br />which Hotrozver tray pay the sums declared due. if Borrower €ails ro pay such sums prior to the expiration of such period.
<br />Lender nay, without fttrthts notict or demand on Borrower, invoke aay rerrttdies permitted by paragraph 1$ hereof.
<br />Ntrrr•Utvre~tat COYgrtatt7s. Borrower and Linder further covenant attd agrce as follows:
<br />Ig. AcamMsatlor. Reetedfa. 1Rtttxpt as provided to para~ntph 17 herroG upoa Barewet's breach of any covogant ar
<br />agatresaeat of lierstfrrs ~ Btis Mottpge, inch the troreatmla to pay whta doe any saws secured by thY Mortgytc.
<br />laadar p~ to atrR tr>~ aE.tit~e to Borrswer as provided in paragraph 14 Aeteof speei[yftq: tl) the brach:
<br />t~ Ne actlatr rettaYM! N race sack broach; (3} a tiaN, oat Intl rhos 30 days frow the date the aolice is wailed to Borrower,
<br />Iq vHtielr arch Ireuele awatle errah sad !4} that tathue ttt core ouch breach oa or before the date speciged to the aMlce
<br />ispq~ rnt~altla.~ at !ha tattata aae[uad h1 tbia Mortgage, forerlotam by Jtedkial proceedia<t sad oak of the Ptttperty.
<br />1'i1RttM~ iM lMt~st itKoam SEsnuwttr of Iha ri(EYt ko reiwute after aesektatioa sad the riXltt to atrsA in the fauecioatere
<br />p[~SradM[E-tl[R ~a at a datw[N er say outer deterx of Dwrower to acceler+N{oa sad foreclawre. tr the Meath
<br />it tttai! etaad err or latets iMe due rpttcigad bt the trotke, f.eader a Leader's optimt may deckle aB of the saw secured by
<br />thle ~rlotlgtRa #s M ~' 1hM atri It+7ahM without hrthtr dewaad and wU' foreclose b9 ;adkld proceeding. I,vuder
<br />tt>1~11ita arMlled is ea#latl in ttttch pnexadlaig ag eapearea of foretdaature, iamladfng, bw oat tiwited to, covet of dotary
<br />+t+Mwew sir6taafe sad MtM taprtta.
<br />Lf.• Ilittaasarr'a ~ b 1laiattLta Notwithataading (.cnder's accekrattan of the xumt secetrod by this Mortgage.
<br />Bttt~rarar 1dttR hove the eight to have any Aroctttdittgt begun by lender to rnfarce rhea Mortgage discontimrcd at any tom
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