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<br />Lender"s written agreement or appl1cable law. Borrower shan pay the amount ~,f all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />AllY amounts disbursed by Lend::r pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be I)ayable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the ratc payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such ratewoukl be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. 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 the Property, provided
<br />,that Lender shall give BOrrower notice prior to any stich inspection specifying reasonable cause thercfor.relatcd to 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 />i and shall be paid. to Lender.
<br />In the event of a total taking of the Property. the proceeds 'shan he 2pplied to (he snms $ecured by th.is MOitgage~
<br />with the excess, if any. paid to Borrower. fo the event. of a. partial taking of the Property; .unless. Borrower and Lender
<br />otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums se(.~ured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to thedat.e of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property 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, Borrower fails [0 respond to I..cnder wirhin 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 hy this Mortgage.
<br />Unless Lender and Borrower o!heI"Ni~e agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the lime for paymenr or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shail not. operate to release, in any manner.
<br />the liability of theorigin.al Borrower and Borrower's successors in intcresLLcnder shall not be required to commence
<br />proceedings against, such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secllred by this Mortgage by reason of any demand made by the original Borrower and Borrower's sllccessor~ in interest.
<br />U. Forbeinmce by l.ender Not a Waiver. Any f()rhearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable Jaw, shall not he a waiver of or preclude the exereise of any such right or remedy.
<br />The procurement of insurance or the payment of t.axes or orher liens or charges by Lender ~hall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedne~s secured by thi, Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage an' distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded bv law or \~quitv. :lnd mav he e~ercl~ed concurrently, independently or successively.
<br />13. Successors and Assi2ns Bound: Joint and Sen~ml Liabilil)'; Captions, 'j'lle covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure tn. the rcspeuive successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. A,ll covenants and a!!l'eernents of Borrower shall he joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for conwmenee only and are no! to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable In\/> tll hc gillen It! another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall. he gi\'en hy mailing 'itl\:h f\micc by certified mail addressed to Borrower at
<br />the Property Address or al such other address a~ Borrower rnav deslgnat\' bv nOlice W Lt)nder as provitkd herein, and
<br />{oj :my notice It.) Lender shall be given hy ,;ertil1ed mai!. r'Ol1Jm receipt requesled. t() Lender's address Slated herein or to
<br />such other address as Lender may designale by notl,e to Born'w\~r as pnwided herein An)' not.ice provided for in this
<br />Mortgage shall be d,eemed to have heen given to Borrower O[ Lender when given in the manner designlited herein,
<br />IS. Uniform Mortl:ll2e; Governin2 La\'+': Severabm(y. This form of mortgage \:I,mlbines uniform covenants for national
<br />use and non-unifm'fll covenaf.lt~ with limited variation, byjmi~dKti()n to constitute '.1 uniform security instrumem covering
<br />real property. This Mortgage shall bc gO\fc'l'ned hy the law ('If the iurisdl'~li\ln in which the Property is located. In the
<br />event that any provision or c!au~ (If this Mortgage or the Nnte ',.:\'ni1ich \\ilh applicable law. such contlict shall nor affect
<br />other provisions of this Mortgagc ,)I' the Nok which can be given effect without the conflicting provision. and to this
<br />end tbe provisions of the Mortgage and the Nole arc d,~ciared to be severable.
<br />16. Borrower's Copy. Borrower shall he furnished a (,onh)!'med copy \..t the NOI<~ and of this Mortgage at t.he time
<br />of execution or aft.er recordation hereof.
<br />'t.7. Transfer of the Propel't).: As'~umptiol1, If ali or any par! {,If the Property or an interest therein is sold or transferred
<br />by Borrower withoul Lender's prior written (,(Hlsent. exduding (cO the cn';ition of a lien or encumbrance subordinate to
<br />this Mortgage. (0) lhecreation of " p1.Jri:hase secl.llity intere,! for household appliances, (cl a transfer by devise,
<br />descent or by operation of law upon the dem.n ()f a tenant or (althe of any kasehold intercst of t.hree year:; or less
<br />notconl<llning an option 10 purchase, l.ender may, at Lender', opuon, all lhe sums secured by this Mortgage to be
<br />inlmediately dut: and payable, Lend"r sh.;!! hillit ""<lived such opti(\1i t.o accdei'at.e i I'. to the sole or transfer, Lender
<br />and the person to whom the Property is to be sold or tr"'ri,krred reach in that. the credit of stich person
<br />is satisfactory Ii,) Lender lloa that. the inlerest payable on the SUnh hy (his Iv!ortgage ,hall be at such rate as Lender
<br />shall request. If Lender has waived the oplion to accelerate prc)vided in this paragraph 17, and if Borrower's successor in
<br />interest has excc,uled a written assumption IlgreeJllCfll <lccep!t:d in writing by Lender, Lender shaH release Borrower from all
<br />obligalkmsunder this Mortgage and the Not.e.
<br />H Lender exercises sllch optioQ to ac(:elenl!':"
<br />parag.ral'hl4 hereof. SGcn notice ghall a
<br />wh.icl1 fK>rmwer l1l11ypay tbe. sums declared
<br />~ndermay, Wilh,)ufturtner m)tice or demand <HI
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<br />L,;ndcr sha!J mail 13.0l'rcwer llOllce of accelcration in accordance with
<br />()f not lcs1> than 30 days from ihe dare the nOlice IS fllailed within
<br />l.!o!'wwer t"lis [0 pay 5\1,11 sum. prior to the cxpiratj( :1 of su~h period,
<br />Burrower., invoke llny l"\:fnedi"s permitted hy pamgraph 18 hercof.
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<br />,COVE.NANTS, 'Born.1wer Hnd :L{~nd(~r furtru~r Ci)V('nant and. agree. as f()ltows:
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<br />18. Ac"eler:at$A; Remedies. E:u'lo!pl liS p/f(wided in p.lu'lI~fai)h 17 hereof. UPOIl Borrower's breach of Jill)' ('Oo/e!lllllt Qr
<br />agreement of ~,.rQl'I'el' including the ",nemmls tn 'P'iJ' "hen due 'm~' slims scclll'~d by iill.. !\1ortgagc.
<br />tQB<luower as prO"ldl:d in p'ulIllrnpll !". lu:reof spedfying: (1) the bteacb:
<br />(3l J/l date_ nO! less Ihan :)(1 day~ from the <lali: Iii"" x,ot,ce is mailed to Bortowcr.
<br />anti (4) that fllJ:hlfll in ('It,\;< ~tI(h b~l'lcb "II or before the date ~peeillild in Ihe nolke
<br />~<;'ured by lhis MI.,rtgll/1,e. forcd/)-stln.~ by jndkial prul'eeding and sail' of dt~ Property,
<br />lI'QW"'f of I'll>!: fill;ht la ""Instate after 't,'"eleratiml and tll" dUlll Ii) '1:';""'" in tilt' ffi'rcdooul'C
<br />pt~1M!.cj;..g t~ "n"el('iill~n(:", of Ii fk.buJ:1 or llll" other d~fl.'u~e <If B<>rro'l'll.'t to aC<:'l.'iNldioll and foredl)liUfl.'. If tbe breach
<br />IIlI!;(l( tilted on 1)1 bt~flolrl! ,thIt. did/: "pedfied in IlIe lIotle"', l.end"'f :1,/ (,ender's optiml lnll; d..,,:hu'(' .\lIl.1f III\' SlIlU:> secured
<br />l,f dWIlOO .,aYllW., wilhon! rUTUII:t dt'lfllmd ami lmi~ fi,rl'dlt\i: h) jlidh:hil pl'Ucl'cdil)~, Lend!'!'
<br />~lldl ptlWt'l!diQg all .eSpt'115~" nf fOfl'do5urr, illdlidhl~, bul 1101 limited to, ,'osh IIf dO('llItlClllllf)
<br />~iftl<<:e, llb&tl'lW.'U .Ild rid\! t"~Jr1~,
<br />It.. hrtllwi!f'll RiIIli Ill< ~i.1Il1j,1#1.", "<O(wHhM,;mLI1i, ! GltkJ' , ',(';11'
<br />ti>otfowp.r "h...1i ollve ,hit right 11".,1.' :!r,y pr('I.:I:;;On,!I;' ! .:'ukr
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