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<br />Lender's written agreement or applicable law. Borrower shall pay [he amount of all mortgage insurance premiums in the
<br />manner provided under paragraph Z hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest [hereon, shag become 8dditiotial-
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment;`sucfi-
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from. the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless-paymene: of "`-
<br />interest at such rate would be contrary to applicable law, in which even[ such amounts shall beat interest at the ttighest:iate`
<br />permissible under applicable Jaw. Nothing contained in this paragraph 7-shall require Lender to-incur any-expense~or take-~
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to be made reasonable entries upon and inspections of theProperty, provided
<br />that Lender shag give Borzower notice prior to any such inspection specifying reasonable cause thereforretated-1o Lender's
<br />interest in the Property.
<br />9. Condemnation. The 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 for conveyance in lieu of condemnation, are hereby-assigned
<br />and shall be paid Co Lender. -
<br />In the event of a total taking of the Property, the proceeds shat) 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 andLender.
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such propartiots of-theproceeds -
<br />as is equal to tfiat propartion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prier to the date of taking, with the balance of the proceeds
<br />paid to Borrower. -
<br />If the Property is ahsndoned by Borrower. ar if, after notice by Lender to Borrower that the condemnor offers to make-
<br />an award ar settle a claim for daaaages, Borrower faits to respond to Lender within 30 days after the date such -notice is
<br />mailed, Lender is authorized to called and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property ar to the sums secured by this itiortgage. - -
<br />Unless Lender and Borrower otherwise agree in writing, env such application of proceeds to principal shall not extend
<br />or postpone the due dare of the monthly installments referred in in paragraphs 1 and 2 hereof or change the amount of
<br />such installments. -
<br />10. Borrower Nnt Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this Mortgage granted by Lender in any succcssar in imerest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Barrawer and Borrower's successors in interest. !.ender shall not he 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 reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />I1. Forbearance by i.ender Nut a Waiver. Any forbearance by L.cnder 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 atn~ such right or remedy.
<br />The procurement of insurance ar the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indehtednees secured by this Mortgage.
<br />12. Remedies Cumulative. :111 remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy tinder this Mortgage or afforded by law or equity. and may he exercised eoncurrcntly, independently or successively.
<br />I3. Successors and Assigns Bound; Joint and Several Liability: Captions. The covenants and agreements herein
<br />rnntained sh:dl bind, and the rights hereunder shall inure to. the respective successors and assigns of fender and Borrower.
<br />subject to the provisions of paragraph 17 hereof :411 covenants and agreements of Borrower shall be taint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />J4. Nofrce. fiscept far any notice required under applicable taw to tsc given in another manner (a) and notice to
<br />Borrower provided for in this Mortgage abaft he giver. by matting xich notice lay certified mail addressed to Eorrower at
<br />the Property Address or al such at}aer address as Born*~. cr may designate by notice to tender as provided herein, and
<br />(h) arty notice to lender shall F+e given by certified m:ni. return receipt requested. to l.eneler's address stated herein or to
<br />such other address as Ixnder ma}' d~-ignxtc by untie to Barrow-er ss provided herein. Auy notice provided fur in this
<br />Marigage shsll !ae deemed to have been given to Borrnwrr er ! ender when given in the manner designated herein.
<br />15. Uniform Mortgage: Guvernittg law: 5everxbllity. l1»s Conn of nxvtgagr combines uniform covenants for national
<br />use and non-uniform covenants with limited v:+rrniion+ 6y judsdwtinn to crnrsfitute a uniform security instrument covering
<br />real property. This Mortgage shall tx governed by the !aw of the jurisiliction in which the Property is located. In the
<br />event that any provision ar clause of this Mortgage or the 'vote conflicts w-ith applicable law, such conflict shall not affect
<br />other prov5sions of this blartgage or the Note which am he grvera effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the tiatc are dedsrett to be severable.
<br />16. Borrower's Copy. Borrower shalt he furnished a conformed copy of the Nate and of this Mortgage at the time
<br />of execution or otter retardation hereof.
<br />17. Trettsfer of the Property: Assumptiat. !f alt or an}' p;ut of the Property or an intereat therein is sold or transferred
<br />by Borrower without Lender's prior written axtscm, excluding tai the creation of a lien or encumbrance subordinate to
<br />this Mortgage, Cb) the creation of a purchase money security imerest for household apptiances_ tG a transfer hp devise.
<br />desernt w by operation of iuw upon the death of a trnnt tenant ar Ric the grant of any Icasehold interest of three years ar less
<br />not mntsuting an option r.. purchase, Lender may, at Lender's option, declare ail [he sums secured by this Mortgage to be
<br />rmmediately dce and payable. Lender shall have waned such option to ar~alerate if. prier to the sale ur transfer. Lender
<br />artd the person to whom the Proix.rty' is to be sold ar transferred mach agreement in writing that the credit of such person
<br />is satisfactory to Lender sod that the intereat payable on ihr st:m~ secured F,y dais Mortgage shall he at such rate as Lender
<br />shall mqunst. 1f Lender has wniveti the r+ptiaa tc accelerate provided m this raragra ph 17, sod T Borrower's successor in
<br />interest has esu:uted a written assumption :tgremrnt acetpted in sari[ine by i~.nder. lender >hali release Borrower from all
<br />obligations under this Martgagc and the Note.
<br />If Lender esereises such aptian to nraelarate. Lender ;hall matt Borrower notice of adeleration in accordance with
<br />paragraph J4 hereof. Such naeice ;hall provide :; perkni of trot toss than 30 does from the date the notice is matted within
<br />which-Borrower may pav the sums declared due, tt' Rorrow er faits to pay such sums prior to the expiration of such per:ad,
<br />Lender may, witMiut further notice ar remand on Ber: over. invoke any remedies porntitted by paragraph t N hereof.
<br />Not.-Ust Faax+ Covst%nt:rs. Harrower sod Lender further c:w'enant ;rod agree as follows:
<br />1$. Accrlevation, Remedies. Except as provided in paragraph t7 hereof, upon Borrower`s brrueh a# any covenant nr
<br />agreemeat.of Borrownr in thin Mortgage, including the caverwntc to pay when der any sums secured by this Mortgage.
<br />Lender prior to accekratiun shill mail ne>Csce to Borrower as provided in paragraph 14 hereof sperifpfrtg: f1) the breach;
<br />!2) the aetitxa trqulred to ~ttre such breach; {3! a date, oat less than N! days from the date the notice is mailed to Burrower,
<br />by whlebsuch breach must be cared; and td) that faBure to cure such breach an ur before the dare specified in the notice
<br />map reautt in nceekrailon of the saws secured by this ~lurtgage, furedtxsurc by jndeciaf proceeding and sate +>1' the Pn>prrty.
<br />'ITo nonce shalt lartber in#arm Borrower of rhr right a reinaWte after aecrfrrotiun a++d the right to assert in the turrciusutc
<br />prHCee(titgl the non-rxhnr»et of a de(nuit or any outer defense of Borrower to acreleratmn and forrcitrsure, if the breach
<br />Is cal enrol on nr be#or6 ttte date spetiFed in lho aotize, tender at t.rntfrr's nptiu+t max declare aN of the sums seeured by
<br />tkla.4loAgsge to Ara immediately due and payable witlKn+t further drrnatu! and star ktrechtse by jndiriu! prw:eediug. !-ender
<br />xhali !M rw1J1IeG to ruBcct Fn sorb proctrdittg aB r?Rprttsrs uK fnredtisurr. lueloAing, but ant fimfted fu, aunts of darumentary
<br />eridcna•e, abatrae~ cad title reports.
<br />14. $asial4tr?is R~yht tfl-Rainatate. i~otwithsland+ng Lct+tler'v u~:~ricraUon of the satins sccvreti o}' tiara M~ortgCage~.
<br />lltwizswar aAttiJ have fAe right to b,zva any praceedirigs dargnn t,y t nude [rr i:rlaro•c oars biarsaagc Jr;,.uiaui •d as at,y ante.
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