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<br />I.endsr's •avritten agreemattt or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided utsder paragraph 2 hereof.
<br />Any amounts dislaursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
<br />indehtedn~tss of Borrower secured by this Mortgage. Unless Borrower and i.ender agree to other terms of payment, such
<br />amotmts :that} be payable upon notfce from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of distwrsetttent at the rate payable from time to tiros on outstanding principal under the Note unless payment of
<br />mterest at such rate would be conirar} to applicable taw, in which event such amounts shall bear interest at the highest raft
<br />pettnissilils tinder applicable law, Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action heretmder.
<br />$. iasgpecflon. Lender may make or cause to be made reasonable enrries upon and inspections of the Property, provided
<br />Yhat Ltnd'sr shalt give Borrower tsotice prior to any suds inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. T:otdennatfon. The proceeds of any award or claim far damages, direct oe consequential. in connection with any
<br />condamnatian ar other taking of the Property, ar part thereof, ar far conveyance in lieu of rnndemnation, are hereby assigned
<br />and shai9 be paid to Lender.
<br />In flee event of a fatal raking 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 />othetwix agree in writing, there shalt be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equsal to that proportion whicfi the amount of the sums secured by this Mortgage irmediately prier to the date of
<br />taking bears to the fair market value of the Property immediately prier to the dale of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Bormwcr, or if, after notice by Lender to Bor.-wee that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is autharize8 to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property ar to the sutras secured by this Mangage.
<br />Unless Lender and Borrower otherwise agree in writing, ang such applrcation of pra;eeds 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 />18. Harowrr Not Reieaeed. Extension of the time for paymem or modification of amortization of the sums secured
<br />by this Mortgage granted by I.eoder to any surcessar in interest at Borrower shat( net operate to release, in any manner,
<br />the liability of the origfna3 Harrower attd Borrower's successors in interest. Lender shalt not be required to commence
<br />proneedings against such successor or refuse fo extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by rosson a€ any demand made Uy the original Borrower and Borrower's successors in interest.
<br />TI. Fnriseatance by Ixndar Not a Ktaiver. ~;ny for`~za; ante tsy l.euder in exercising any right ar remedy hereunder, or
<br />otherwise afforded by applicable law, shall net be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insuratce or the payment of taxes. or other liens ar charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the rttaturity of the indebtedness secured by this l~lortgage.
<br />12. Retoeiiss Ctnnolatlre. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded hY law ar equity. and may Fie exercised concurrcnily, independently or successively.
<br />13. Sticct~awn and At~eilCas Hound: Soint and Several T.iabiiity: Captions. The covenants and agreements herein
<br />contained shalt. bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph t7 isereof. :1ti covenants and agreements of Harrower shall he joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are eat ro he used to
<br />interpret or define the provisions hereof,
<br />I4. Notiitt. Except for any rtotiLe reyttired under applicable !aw to be given in another manner. ia) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certifted mail addressed. to Borrower at
<br />the Property Address or at such other address as Borrower may designate by noricz in Lender as provided herein, and
<br />(b) any notice ro Lender shalt tss given by r:ertifted mail, return reecipz requested, to Lender"s addtcss stated herein ar to
<br />such other address as Lender may designate by notke [o Borrower as provided herein. Anvv ncMice ptavided far in this
<br />Mortgage shalt be deemed to have fisen given to Borrower ar l,endtr when gtven in the manner designated herein.
<br />15. Uniform Motttatie; Govsraitrd T.aw: Stverab8ity. This form of mortgage camhines anifarm covenants fee national
<br />use and rxan-uniform covenants with limited variations by jtu`isdictian tts constitute a ssniform suursty instrument covering
<br />real property, This Mortgage shall be goverteed by the law of the: ;utisdicti`m in which the Property is tocate~d, in the
<br />went that any provision ar clause of this Mertgagc or the Notc can#Sicts with applicable few, Ruch conflict shaft not atLect
<br />other gravisions of thins Mortgage or the Note which can tee given etlec[ without the cantlicring prevision. and to this
<br />end the provisions of the Mortgage and the Note are declared to hs ssvcrabie.
<br />T6. Horrowsr's Capy. Borrower shalt he furnished a conformed copy of the Note and of this Mortgage at the time
<br />et execution or after recordation hereof.
<br />I7. Traosfar oT rite Property; Assamgtlon. if alt ar any part of the Property or an iotereati therein is ~~ld ar transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lice ar encumbrance sutxsnlinate to
<br />this Mottgage, £b) ilte creation of a purchase money security interest far houselsold appl"sauces, (cl a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or id) the grant of any Ieasehoid interest of three years or less
<br />not containing as option to purcirass. Lender tray, at Lender's option, declare all the sutras securc~tt by this Mortgage to be
<br />irnnasdiately dye and payable. Linder shall have waived suds option tt. accelerate if, peter to the sale or transfer, Lender
<br />and the person to whom. the Property is to be sold or transferred teach agreement in writing that the credit of such person
<br />is satisfactory- to Leader aad that the interest payable on the. sums secured by this Mortgage shall he at su;:h rate as Lender
<br />shall rcgticst. if I.stsder has waived (tae option to accelerate provided in this paragraph I7, and if Borrower's suc:essar in
<br />inter+e&t has executed a written assumption agreement accepted in writing by I..ender, tinder shall release Borrower from ail
<br />obligations under this. Mortgage and the Neste,
<br />If Lender exercires such option to acccc:elerate, Ixndrr shall mail Borrower tsotce of aeteieratian in accordance with
<br />paragraph. I4 hereof. Such notice shall provide a period of not tens than d days from (lee date the notice is mailtd within
<br />which Borrower may pay the sums dcelared dtac. ff Borrower faits to pay such sums prier to the expiration of such period,
<br />Lewder shay, wiihou3 further notice ar demand an Borrower, invoke any remedies permitted t,y paragraph I S hereof.
<br />NoN:Utat~taaept CovEaxrsrs. Borrgwer and Lender further ca•rcnant aruf agree as faliows:
<br />36, Acce4a9tloa; Rttea~tea. Except ~ pravitkd in paragraph 17 hereof, upon Harrowtr's breach of ary rovtnant or
<br />apssateot of llterrostier in lTuSs Morgtage, iacleadiog the coveaatnts fa pep wPxa dot any sins secami by thin Mortgage,
<br />header pttior to acctbesstloa skyH tpaB riOtks tts Barr©wtr ~ praridsd in part~tap& ]4 hsrtasf sp~eccitfying: (i) tltt bvs.acla;
<br />t~) ties act»e regnirai to etitzt sgeh breach; E3) a d~c, twi Tscs than 3d days front the date the notice is tnaikd to Borrower.
<br />Try .chick such A`each.~ mtut. ifs: cna'et14 and (4) flat failure to cure sack. breach as or before the dais sptcitisd in the notice
<br />(nay rwak is xctlecatiaa aftM.sa~ secutsd by. titiv Mortgage. forseiosurs. by pudiciaf protea:dirgt. and eels of ihs Penperty..
<br />'1'3se t+ocics ,elute Tartlter irduatt Narraasr of the right to rsiraetats after aceeieraak+n attd tbs rgTitt to aessrt in the forsctaazurs
<br />prucerdtsg flee twwn-existence of a. dttat~l ar any rattler drttatke of Horsower to acttteaat6on and Ear~tclasurs. Tf the broach.
<br />os aw+ cured ace ar tesfearr the Aske..speri8sd ~. tbt rsotice,. t:,e~u ax l:sndsr's <rptian may dsctars aai of teas s~umax ~aseurett by
<br />tWw ?rtwtSage to !.c irwoes~diteteiy $ue aiad payable withwat furtleer demaoad. and. may fartrtast by Iwlieia! praesederyt. Lender
<br />ihati be cat,5tia+d to ca:xlr.-t is svah prat. aH sxptrn+ts of fomtoesue, s'nc2ra3ipg, hat a.~ot Timltsd a>, cosua of docunstntary
<br />es"i&'+~u's. abstrr.:ts amd tkits rxgerae63,
<br />l Yl. 1Barraert•r'+t Itiittrt. us ' s. tvatwithstanding, lesssdsr's acce.tration of the s-ems sc.t:s.red by rhos MartKage..
<br />1}gry~s.+s,t .'e<:1 ha4'r r!se; right to have easy prsst:ttditxga tt<gctn 4sp I.cndtt t:> etat`ar.;r thi.; 'vfortgagc +tas;autisstted :at any a,trtc
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