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<br />Lender's writren agxeement cr applcable taw. Borrower shalt pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />,4ny amounds disburstd by Lender pursuant to this paragraph 7, with interest thereon, shall become additional.
<br />__ indebtedness-of Borrower secured by this Mortgage. Unless Borrower and Lender agree [o other terms of payment, such
<br />amounts shalfbe payable upon notice from Lender to Borrower requesting payment thereof. and shat! bear interes4 from the
<br />date ofdisbursement at the rate payable from time to time on outstandmg principal under the Note unless payment of
<br />interest atsuch rate would lse contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />penxniasibte under applicable law. Noshing contained in this paragraph 7 shah requite Lender to incur any expense or take
<br />any action hereunder.
<br />S. lltorpedion. 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 sac Bach inspecti.rn specifying reasonable cause therefor rotated to Lender's
<br />interes4 in the Property,
<br />9. Condttmatttbn. l"he proceeds of am' award ar claim for damages, direct ar consequential, in connection with any
<br />condemnaton or other taking of the Property, or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid da Lender.
<br />In tote evens of a total taking of the Properly, the proceeds shall 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 />athetwisa agree in writing, there shall ere applied to the sums secured by this Mortgage sash proportion of the proceeds
<br />as is egos{ zo that proportion which the amount of the sums secured by this siort¢age immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the hatance of the proceeds
<br />paid to Borrower.
<br />If the Propem• is abandoned by Borrower. or if. after Warier by I-ender m Borrower that the condemnor offers to make
<br />an award or stt!}e a claim for damages, Borrower faits Ca respond to Lender within 30 days after the date such notice 9s
<br />mailed. Lender is atrthoxized to collect and apply the proceeds, at Iendtr's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortg: ge.
<br />Unitas Erodes and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone rho dine date of zhe monthly installments referred to in paragraphs E and 2 Jtereof or change the amount of
<br />such installments.
<br />18. Rartat+er Not ltehased. £x[enston of the Nma for payment nr modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of dhe original Borrower and Borrower's successors in interest. {.:ender shall pat lac required to commence
<br />pretsecdings against such successor ar refu:z to extend time far payment or otherwise modify amortization of the sums
<br />secutrt3 by this Mortgage by reason axf any demand made by the original Sorrower and Borrower's successors in interest.
<br />tT. Farbwrttnre by Lender Not a Waiver. ;iny forbearance by Lender in exercising any right or remedy hereunder, or
<br />atherwisc afforded by applicable taw, shall not be ;a waiver ,,f ar preclude the exercise of any such right or remedy.
<br />7tm procurement of insurance at the payment of rases or ether liens or charges M: i_ender shat] not tae a waiver of Lender's
<br />right to acrxierate the tttatutiry of the indebtedness secured by this '~IOngage.
<br />Ft 1Retetedies Camalatite. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw ar equity. and may he exercised concurrently, independently ar successively.
<br />13. Snecessora and Assiltrn Bound: ]Dint and Several I.isM'Tity; Captions 7~te covenants and agreernenfs herein
<br />camained shall bind, and the rights hereunder shall rrture to, the respective successors and assigns of Lender and Borrower,
<br />subject ten the provisions of paragraph I' hereof. .4t1 covenants and agreements of Borrower shall be faint and several.
<br />7T'`Kx captions and headings of the paragraphs of this Mortgage are Fae convenience only and are pat to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except far any notice required under applicable taw to be given in another manner, {a) any notice to
<br />Harrower provided for in this lYtartgage shall ere green by mailing cuc?t notice by certified mail addressed ro Borrower at
<br />rite Property Address or at such ether address as Borrower may destgn:.te by entice to {.ender as provided herein, and
<br />fb) any notice to Lender shall ire given by certified mail. serum recc~pt requested, to Lender`s address stated herein ar to
<br />such other address as Lender may designate by notice to Bornower as provided herein. .Any notice provided far in this
<br />Mangage shall tae dtxmcd to have been given to Harrower ar l.cnder when given in the manner designated herein.
<br />iS. Clnifortn Morigt~e; Goveruit>Q Law; SeverabAity. "this farm of mortgage combines uniform covenants far natianat
<br />use and non-uniform cavenams with limited variations by jurisdiction to canstiune a unifomt security instrument covering
<br />real property. "This Mortgage shat! ire governed by the law of the jurisdiction in which tfie Property is located. In the
<br />event that any provision ar clause of this Mortgage or the Nate conflicts wish applicable Yaw, such conflict shall not affect
<br />other prrn•isions of this Mortgago ar the Note which can tan green effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Nate are declared to tee severable.
<br />16. Ibrtovrer's Copy. Borrower shall ere furnisfred a ccraCartned copy of the Note and of this Mortgage ai the; time
<br />of execution ar after recordation. hereof.
<br />17. 'I'ramafer of the Property; Assumption. If ail ur any part. of the Property or an interest therein is Bald ar transferred
<br />by Borrauer without Lender's prior written cartsend, excluding ta) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b} the creation o£ a purchase motley security interest far household appliances, (c} a transfer by devise,
<br />deacon! ar b3' operation of taw upon the death oaf a point tenant ar idz the grant of any leasehold intsrest of three Years or Icss
<br />' ttae containing an option da pusrtaase, Leader may, at Lender's option, declare all the sums secured by this Mortgage to ere
<br />immoliatcly due and payable. Lender shall bare waived such option to auelerate if, prior to the sale or transfer. Lender
<br />and the person. to whom the Property i5 to be sold or transferred reach agreement in writing tfiat the credit of such person
<br />is sutisfaetary io Lender and that. the interest payable an the sums secured by tf»s Mortgage shalt be ad such rate as Lender
<br />shall restttesi. if Lender has waived she. option to accelerate provided in this paragraph i7, and iE Bn.Tawer's successor in
<br />nieresi has enceuted a written assumption agreement accepeed in writitrg tip Lender, Lender shalt release Borrower from all
<br />abligaiions under this Mortgage and the Note.
<br />if Leader exer~sses such option to accelerate. Lender shalt mail Borrower notice of axeleration in accordance wish
<br />paragraph I4 hereof. Such Holier she t provide a period of pat less than ~6 days tram the date the native is mailed within
<br />whiG6 Borrower may pay the sums declared due. if Borraacr fails +a pay such sums Briar to the expiration of such period.
<br />Leader may, without further notice ar demand an Bor[zrwar, :nval:c an} remedies permrifed by paragraph l8 hereof.
<br />bFose-Ilartt=aatt Cov€tsnt:as. Harrower artd Lender funher covenant and agree as follows;
<br />18. Acceleratiaa; iYemetiies. liarccpt as proided fn paragraph !7 hereof, upon Bmrawers breach at any covenant or
<br />a~yroeaxat of HnrrosrEr in fttis :0.tartgage, inrltrdIt~ tine cvrvenaats to pay when dm any suetas secareri by this Mortgage,
<br />Loader prior to ar:colerffifonshall tnaii Mire. to Sorrower n provided in paraRrapia 14 hereof specifying: El} the breach;
<br />fit) the actioa rrquFrcd to ctst<aaicb btcxh; f31 a date, not tqm them 3Q days front the dame the motive is mailed to 8oreower,
<br />by +rhicta sn:h brca:h east Ire ctue3;-. and (.tp Qlrat fatlrrre to core such irrcaeh on ar before the data specified dm ¢fce tmtke
<br />tarry rritrdt fn accrlrratutn of tht xamttsecuaeti by thin MnrtRaRe, forerWsure by Jaddcitd prarvw:dimg, and sate of the Property,
<br />Tyr notice shall ftrtther inform Aprrorvcr of tits riitbt to rei~Yata sixes acrMeratFom amd [he right to ass•en in the farerkasure
<br />prtrctxdlmg dvc non•rnititroce atf a .irfatdt Ur auy odhxr dcfettx of Iiorratver to art;rleratian and lotcclasure. If tbo breach
<br />is r>oC cored on pr be(nre the etat<>apacGBeal in the rxraHce. Lender at Le`nder`s optiou may declare aft of fire stuns secured by
<br />ttta \}atlitage to !rr ifttmediatdy deep amd payallk nithotrl fmriher deWatxl and mn• (orertase by judicial prareedlny,. Lender
<br />yhadi ik raiiri,rd to coUrtt is such pry sit expemaes nF €orcclosntre, itrclmdlag, but pat lituixed. to, rants of docamemtary
<br />r.iskACr, abstra.,~la and tHte rry,erte..
<br />19_ 14barv+rrr"~t R3itht ro Iteiarxate. N~rtvwls-h<.t.utdan'iy+ l.ets~des's :etrakeratiwr or she surrex sswured by this Mortgage,
<br />Bayra~w:,• shalt haw :hr right ;c~ :saws stay pr;:cv-~..~a;;: €regun try- l.craeiee tai enforce tbts Mortg=age discontinued ~xt soy aims:
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