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<br />83~ (30U~;~,~
<br />Lender's written agree[neat or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />mariner provided under paragraph 2 hereof.
<br />Any atttoutrts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgages Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shat} be payable upon notice from Lender to Borrower requesting payment thereof, and shat) bear interest from the
<br />date of disbursement at the rau payable from time to time on outstanding principal under the Note tmleas payment of
<br />interest afstteh rate would be contrary to applicable law, in which even[ such amotmte shag bear interest at the highest rate
<br />petmissibie under applicable taw. Nothing contained in this paragraph 7 shall require Lender w incur any expense or take
<br />a~ action hetwnder.
<br />g. IarpecUosr. fender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender sttalfi give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9 Cotsdemnatton, The proceeds of any awazd or claim far 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 Lender.
<br />In the event of a total taking of the Property, the proceeds shalt be 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 Property, unless .Borrower and Lender
<br />otherwise agree in writing, there shalt be applied to the sums secured by this Mortgage such pmportion of the proceeds
<br />as is equal to-that proportion which the amount of the sums secured by this Mortgage immediatey prior to the date of
<br />taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If tht Pmperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Aorrower fails to respond m 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 the
<br />Property or to 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 irtstallments referred to in paragraphs t and 2 hereof or change the amount of
<br />such instalhnmts.
<br />i@. Borrower Not Released. Extension of the time for payment or modi5cation of amortization of the sums secured
<br />by [his Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />fhe liability of the original Borrower and Borrower's successors in interest Lender shag not be required to commence
<br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by trason of any demand made by the original Aorrower and Borrower's successors in interest.
<br />11. Forbearance by header Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance of the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Reroedks Ctmtda8re. Ali remedies provided in this Mortgage are 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. Sneeesson and Aesigm Bound; Jniat and Several Liabtltty: Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph I7 hereof. Ail covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not ro he used to
<br />interpret or defltrc the provisions hereof.
<br />14. Notics. Except for any notice required under applicable Saw to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be green by mailing such notice by certified mail addressed to Borrower at
<br />[he Property Address or at such rrther address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shalt he given by certified mad, return receipt requested, to Lender's address stated herein ar to
<br />such other address as Lender may designate by notice to Borrow-er as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower nr Lender wfien given in the manner designated herein.
<br />15. Uniform Motttgase; Gorerntttg Lawt Severability. This form of mortgage-co ~ fac.national
<br />use and non-uniform covenants with limited variations by jurtsdution to constinttt a tthtfotYte~seeiltffy lfi3~btd t cgvering
<br />teal property. This Mortgage shalt be governed by the law of the iurisdtcuon Fn wbt~h f~e'Prv"pdrty:is i d. %in the
<br />event that any provision or clause of this Mortgage ar the `vote conflicts with ap~l~'la'UV,y~1itH"'~t~~ttN#c~y-_w affect
<br />othu provisions of this Mortgage or the Note which can be zrven effect without the conflicting provtston, and to this
<br />end the provisions of the Mortgage and the *%ote are declared to oe severable.
<br />Ib. Borrower's Copy. Bormwer shall be furnished a centormed copy of the Note and of this Mortgage at the time
<br />of execution of after recordation hereof.
<br />17. 'I`ransftr of lire Property; Assumption. If all or any part of the Property or an mteresi therein is sold or transferred
<br />by Borrower without Lender's prior wriuen consent. excluding ta) the creation of a lien or encumbrance subordinate to
<br />Mortgage, Ib} [he creation of a t]>ic t}se money securit for household appliances, (c) a transfer by devise, ,F%
<br />n! ur by operation of taw upon th of x jrnnt tenses r 'rjl¢1i
<br />ty.aartt*iien. er may, at Lender's option, declare all [he sums secured 6y this Mortgage to be
<br />immediately due and payable. L have waived such option to accelerate if. Prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shalt be at such rate as Lender
<br />shall request (f Lender has waived the option to accelerate provided in this paragraph 17, and if Bormwer's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lettdcr exttases such option to accx{erate, bender shall mail Aorrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />whiclr;-ormwtr may pay the sums declared dos. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Ltaidkk:.lt'ta}, witfrout fttrthe[ notice ar demand on Aorrower, invoke any remedies permitted by paragraph ! g hereof.
<br />Nol!t-UtrtFOtsM CovExaitzs. Borrower anti Lender further cevenaat and agree as toltows:
<br />1R. A~ieradaau Ileasedies. lseep as pmvidad ht paragraph 77 hereof, upon Borrowers breach of aay covenant or
<br />agrcvasewt of Bnrrotver to ikk MwlgaBe, inclading the corettants to pay when due any soots secured by this Mortgage,
<br />LMrias prior to fstcegaatlots shaB_ tart niobc! t0 Borrower as prOYfded to paragraph I4 }tersof specifying; (!} the breacht
<br />t2} lire tacfintt re1~ to care sack kreaek; (3} s date, set tea than 3tl days from the date the mtilee k matted to Bormwer.
<br />kys wfsi(dt srsels- ttNrt be enreslt anA test that faWtre to care such breach on w before the date specified in the ttotlce
<br />nNft nnralt kt ~ of the spans secnrad by this Moit1 ftaRe, forerlmtarc by ludklal ptviceedias and sale of the Property.
<br />'Ilia natkiar strati iatawm ltlorrower of the rlt}ht to roe offer aeesteration sad rite right to assert is the forcctanare
<br />praepadYrg ttsa ~ of a ds4aait ar any other iisferae of Bormwer to accekntion sad foreclaspre. R fhe braarh
<br />k ant ctsntil +ta. or befaat tke Rate speet>Bei to ttte notice, faster at I.rnMr's option may declve aB of the sums seepred by
<br />~ It~elgt~e ie be l.ataauauvy dolt aN ptyakk tq.Hhrwt further bemand sad may Forer~se by jndietat proeeedioR. tender
<br />dMY.bteattiWii to coiirct to sash preeeeilag alt expeatwt of fotectnntre; itsctutlbaR, Lint nod Bmhed to. costa of documentrrcy
<br />ex#itrra~t. atiaittseta rat{ Z1W reports.
<br />ire ~ 1taNstade. Nnrwithstattt&rtg Lender's ac~eterattrm of the sums sectored by this Mortgage.
<br />t3orrorrar shalt have [ire right tex have arty proceedittys begun try (-ender €c+ entarcc tht+ Mortgage dncannnued at any ante
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