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<br />Leader's wtitien agreemem ar applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner providtd under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Harrower and Lender agree to other terms of payment, such
<br />amounts shall he payable upon notice from Lender to Borrow<er requesting payment thereof, and shag bear interest from ffie
<br />date of disbursement at the rate payable from time to time an outstanding principal under the Note unless payment of
<br />interest at such rate wtwid be contrary to applicable law, in which event such amotmts shall bear interest at the highest rate
<br />pertaissiblt under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expenu or take
<br />arty action hereunder.
<br />B. faapecttaa. Lender may make or cause m be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shaft give Borrower notice prior ro any sueh inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cotademaatlow. The proceeds of any award ar claim for damages, direct or ransequential, in cotmection with any
<br />condemnation or other taking of the Property. er part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall 6e paid to Lender.
<br />1n the event of a rotor taking of the Property, the prceeeds shall be applied to the sums secured by fhis- Mortgage,
<br />with the excess, if any, paid to Borrower. in the event o(n partial caking of the Property, unless Borrower and Lender
<br />athetwise agree in writing. there shall be applied ter the sums secured by this Mortgage such propanion of the proceeds
<br />as is equal to that propanion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears io the fair market valve of the Property immediately prior to the date of taking, with the balance of tfie procuds
<br />paid to Borrower.
<br />If the Property is abandoned by Barrawer. nr if. after notice by Lender m Borrower that the condemnor otfero to make
<br />an award or settle a claim far damages. Borrower fails to res{x nd to 3_ender within 30 days after the date such notice is
<br />mated, Lender is authariud to rnAect and apply the proceeds, at f..ender's option. either to restoration ar repair of the
<br />Property «r to the sums secured by this Alortgage.
<br />Unless Lender and Barrawer ofherw~ise agree rn writing, env such application of proceeds to principal shall not extend
<br />or postpone the due dace of she monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Honower Nqt Reletded. Extension at the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor .n interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Harrower and Borrower`s successors :n interest. i..eader shall not he required to commence
<br />proceedings against sueh successor or refuse to extend =.ime for pnyrnent ar otherwise modify amortization of the soma
<br />secured by this Mortgage by reason nE any demand made t+y~ the original Barrawer and Borrower's successors in interest.
<br />Ii. Forbearance by Lender Not a Waiver. :env forbearance by Lender in exercising any right ar remedy hereunder, or
<br />otherwise affarderl by applic~hle !aw, shall nest t>t a waiver ni or preclude the exercise of any such right or remedy.
<br />The pracuremem of insurance or the payment of taxes or other hens or charges by Lender shat! oat be a waiver of Lender's
<br />right to accelerate the maarrin~ of the mdehtedrecs senrrix~ h±' this Matt~gago.
<br />12. Remedies Crenulative. .ill remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />re:metiy under this Mortgage ar atfarded by taw ,.r eyuuv. and may Fx exure:sed concurrently. independently ar successively.
<br />73. Sacatsers and Asagns Hagndt ,irtiwf and Several 1>iabtlity; Captions, Tree envena+tts and agrcemenu herein
<br />s~~atait~d shall bind, acrd the righks hereunder strati more to, the respaative succe~sms and assiams of Lender anti Borrower,
<br />subject to the pravisiarts of paragraph k7 hercef. AEt covenants and agreements of Barrawer shalt be faint and several.
<br />The. captions and headings of the paragraphs of this Mortgage are far convenience only and are oat to Ire used to
<br />imerpreC or define the pmv°rsions hereof.
<br />ld. Notice. Eaccegt for any noaee required uncSer applicably law to be given in anotfier mangier, (a) any notice to
<br />Barrawer provrdcd for in this Mortgage shall he gtvcn b>• nta[lfig such notice by certified. mail addressed to Barrawer-at-
<br />the Property Address or at sueh other address as Harrower may designate by notice to Lender as provided herein, and
<br />Eb} any notice to Lender shag he given try certitleti marl. return receipt requested. to Lerater's address stated herein or to
<br />such other address as Leerier may desistivatc b~, notice tc Harrower as provided herein. Any notice provided for in this
<br />Mortgage shat he deemed to have L~aen given to Horrtrxer c r i,ender when given in the manner designated herein.
<br />13. liaNgtm 'afarf7taRe; Gavernittg Law; SerertiiBitp. this farm of mangagy combines uniform covenants far national
<br />use and ono-uniform coveensnts with limited varistians try jurisdiction to eaostituty a uniform security insttvmeot covering
<br />real property. Tisis Mangage shag tae governed by the law c+f the iutisdieaian in which rise Property iv located. In fire
<br />event that any provision or clause of the Mortgage tr the Note e:anliicts with applicable law, such canflici shall not affect
<br />aihyr provisions of this Mortgage or the 14ote which can be given etlect with€rtit the conflicting provision, and to this
<br />end the provisions of the Mortgage and the 'date are elcetare_I to lac sarerabie.
<br />16. lbergwca°s espy, Barrowyr shall tae furnisher] a conformed copy at the E+rote and of this Mortgage at the time
<br />of exeentian nr after r~rordation hyrctxL
<br />1?. '1'e'teder of the Propertgt Assamptioq. If all or any pan of the Property ar an interest therein is sold or transferred
<br />by Borrower without Lender's prior written wearer, yxcluding #at the creation of a lien ar encumbrance sutwrdinate to
<br />t€tis Mortgage, (Ivl the ercatian at a purchase money security interest for htrusehold app}iances, {ci a transfer by devise,
<br />dracent or by nperatian of law upon the death •ai ¢ joint tynant ar tdi the grant of any leasehold interat of three years ar less
<br />not containing an option to purchase. i.endrr may, at tender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shat! have waiver! such option to accelerate if, prior to the sa]e or transfer, ixnder
<br />and tht petrol to whom the Property is to by sold ar transferred mach agreement in writing that the credit of sueh person
<br />is satisfactory to Lender and that the interest payable an ihy sums secured try this Mortgage shall be at such rate as Lender
<br />shall regtwxt. If Lender has waived the option to ¢c:~xierate provided in this paragraph 17, and if Batt~ower's successor in
<br />iniorest teas exa.uted a wruron assumption agreement accented in writing by Lander, Lender shalt release Borrower from ail
<br />abHgatiotts under this Marigagt and the Ntxe.
<br />if Lander exercises satch option to accelerate, i_rrxier shall maiE Borrower notice of aceeirratian In aceardance with
<br />paragraph l~ hercat. Sutfi notice shall provide a period of not Ecss than 30 days tram the date the eerier is maffod within
<br />which Barrawer may pay the sums declared duo if Batrow~er fails to pay such sums prior to the expiration of sueh period.
<br />l.rs+dar may, without further notice ar demand an Borrower. ~avake any remedies permitted by paragraph t tl hereof.
<br />Nort.t3ttteoar~rt:ovwatn~ rs. Bntrower artd f.endyr further covenant and agree as faiirnvs:
<br />IE: .dEEderulayr Ramdlea. Facept as prgvided in parttgr~h i7 heratf. open Botr+rwer's breach of any mvetaanf m
<br />rttlrsetsswt of lwrgwer ip this Margtatle, iaeltedieat the eovenaats to peg when doe env atom seeoroll by thb Morgpgte,
<br />f,;girtif~r:}rMrin.sreta(aasttiott:a6it11 iaait ngtice to Borrower as prgv'tded in par~tnph i4 beregf spacityttt/,: !i? ttw breach:
<br />~Zi tht ttrtieare~aired.ta cwra-such hreatbz f3l a dada. ant ivas than 38 days from the due the twtice is mailed tq Hgrrowar.
<br />br sRlYrh each Itrenclf aroma be ctdtedl acrd f4)1hu foliate to cure sueh breach qa qr hetgro the date specified la 4he polka
<br />ahoy reach iw ~4iftbesnaa srsotcd by this 4fgrfgaRe« fgrecigsuro by jwlkial-ptoetedialt trod axle of the Property.
<br />The auate shall ftgtiar ht[wtia ilntvowot ut flat ritthl m rvinalate-after atreiaration and the ritpltt to aeaett in the fgrecMaarc
<br />prKwdia~ rise wow-rxi.fs+cr of a t~fatdit ~ aax other defense of 6grro+rer Eo accaktvtion wtd for€rMrotre. if tbs breach
<br />is clot rand rewsr Melia the dNa apeei9tA.1a"the ggtieC, Lender at Leader's gpllgn may-declare a8 of the smm seeurod by
<br />th4 Mwptap to br irrw.rdirrFr datand ~ withgorfarther deewand reed stag fgteeittae by judkial praeeedlhpt- l,ttlder
<br />sMil M eMMW to evilest is averb ptlt`eeABa1C all" atrpewsaa of fgrt+eltvxnre, Eneludiagt, but not Ihailtvf fa caAa of Aocumaa/ary
<br />ss'MdatRCr: Mwlraa'a sad title rrpgrt+k
<br />It.: Iliarrower'v Rlghl ter Rahla4aa, *#t>,.,v,rn*tandiug l arrder'1 aetrferanem of the soma secured lay tills Mar.Ilage,
<br />16nrt+s+vsr 9daai! hah¢ ttx right to trove any pfm~bccltmyis tw~un Py I cedar tr, €nfr,rce this Mortgalts discontuxued ¢t any urtn
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