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<br />Lender's written agiCement or applicable: [aw, Borrower shal3 pay the amount of all mortgage insurance premiums in the.
<br />manner provided under paragragh2 hereof.
<br />Any amounts disbursed-by Lenderpursttant:to thisparagraph 7, with interestthereon, shallhecame. additional
<br />indebtedness of Borrower secured by this Mortgage: Unless Borrower and Lender. agree to .other terms of payment, sorb
<br />amotmts shaft he payable upon notice tram Lender tn8orroweri•.equesting`paymenttheieof; and shall bearinterestfrom [he
<br />dato of disbursement at the raft payable..from time.-'to ximeon outstanding principal under theNoteunless. payment of
<br />inxrest at such rate would be. contrary to: applicableaaw, inwhich event such amquntsahall:bear interest at the'highest rate
<br />permissible under applicable law: Nothing-contained inahisparsgraph.7 shallrequireLender to incurany expenseor take
<br />anv action hereunder.
<br />8. inspection. Lender may make orcause to be made reasonable rntriesuporr and inspections of the Property; provided°
<br />that Lender shall give Borrower noticeprior ta. anyauch inspeciionapecifVing reasonable causeahereforrelated to'Lender's`
<br />interest in the Property.
<br />9. Condemnation. The proceeds of airy award or elairn for damages:'directnr consequential. in connection with any
<br />condemnation or o[hertakingofahe Property. or part thereof; arfor convevanceniieu. ofcondemnation, are herehyassigned :
<br />anA shall be paid ta'Lender.
<br />In the event ofatotalcaking of the-Property:.. the. proceeds shall be'appliedto'the sumssecuredby this Mortgage:
<br />with the excess, if anv, paid_to Hottoweri :Tn the event of a: partiah [aFing of the Property: unless Borrower :and-Lender
<br />otherwise agree in writing, there shalC be applied to the coins secured by this Mortgage such proportion of the proceeds:
<br />as is equal [o thatproportionwhich theamountof theaumssecured by thishtartgage immediately prior to thedate ofr
<br />taking bears to the fairmarketwalue of the Property immediately'prior to the date of taking: with the balance of the proceeds -
<br />paid to Borrower.
<br />If tae Propem is abandoned by Borrower, or if, afternotice by Lender to Borrowertharthe condemnor offers to make
<br />an awardor settleaciaim for damages,.'Bottower failsto respond. to.Lender within 3p daysafterthe date such notice is
<br />mailed. Lender is authorized to collect-and. apply the proceeds; at Lender's opNoo: eitherro restoration or repair of the
<br />Property ar to the sums secured byxhis Mort¢age.
<br />Unless Lenderartd Borrower otherwise agree in writfng: any such application of proceeds to principal. shag not extend
<br />orpastponethe duedate of the:monthlyinstallments.referred loin paraeraphs.. 1 and ? hereofor change 4he amount of
<br />: such instatlmenu.
<br />10. borrower Not Rekred. Extension of the time for payment or modification''ofnmortization of the Bunts secured
<br />by this Mortgagrgtanied by Lender to any successorin'in[errst of Borrower shall not "operate to release: in am' manner,
<br />'the Iiabilirynf the original Borrower and Borrowers succeson in interest. Lender'shalP not be: required to cpmmence
<br />procxdings against such successor. or refuse Fo extend dime for payment or otherwise modify amortization of !tie sums
<br />sxured bythis`Mortgage by reason of any demand made by the original Aorrower and'Borrower's successors in interest.
<br />lA. Forbeara~erYy Leer Not a Wairer. Any forbearance by Lenderin exercising anv right. or remedyfiereunder, or
<br />otherwise afforded by applicable law; shall. not. be a waiver of or pieclude !tie exercise of-any, such light-or remedy.
<br />The procurement of insurance or thepayrpent of lases arotherlienr6r charges by Lender shall not he a waiverof Lender's I
<br />right ro'accelerate the.maturiry of the indebtedness secured by this Mortgage.
<br />12. ,Resedhea Caa~Wlre. Alf remtdier provided in this: Mortgage are distinct and cnmuiative to any other right or
<br />remedy under this Mortgage or afforded'by law or equity. and may be exercised concurrently, independently or successively.
<br />13: Saecettwn aed Adtins bound; Jainl and Several t.iaM7ity; .Captiotss, The covenants and agreements herein -
<br />containitil shag bind; and the rights hereunder shall inure to. the respective successors and' assigns of Lender and Borrower,
<br />subject ro'the provisions of paragraph l~ hereof: :411 covenants and-agreements of Borrower shall be joint and several;
<br />The captions and :headings of the-paragraphs of this Mortgage are for convenience anly'and are not to he' used to<
<br />interpret or defirte the provisions hereof.
<br />10. 'Notke. Except for any Wolin, required under applicable law to be given io another manner,'(a) any-notice to
<br />Borrower provided for in this Mortgage shall he given py mailing such notice by certified maiYaddressed to Borrower at
<br />the Property Address or at such other address as Borrower may disignate by notice to Lender as provided' herein, and
<br />Ib) any notice to Lenifer chat! be given by certified mail return recetpr requested, to Lender's address stated herein or to
<br />such other address as: Lender may designate bg;notice toBorrower as :provided herein. Anynotice. provided for. in'this
<br />Mortgage shall badeemed to have been given to Borrower or ]ender w}ien given in the manner designated herein.
<br />15. tinNordMort~e; Gorerwiog.Iaw; SevcnbYfty..T7tis term ofmortgage combinesuniform covenan[sforna[ional
<br />use. and non-uniform covenants with limited variations byjurisdiction to eonstitutea uniform security instrumentcovering
<br />real property. This Mortgage,shall begovemed lay-the law ofrthe jurisdiction'in which the.Properry is located:. In the
<br />event that any pruyision or clause of this Mortgage. or the Note conflicts. with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the, Note which can be-:given 'effect withoat..ihe conllictingprovision, andto This
<br />end the provisions of the Mortgage and the P.iote are declared to be severable:
<br />16. domiwers Copy.:Borrower shall be furnished'a conformed copy of the Nate-and of this Mortgage at 4he time
<br />of execution nr after recordationhereof)
<br />t7. Traesfer of the Pro/edy; Aysa®ttion.. If all or anypart of the Property or:an interest therein is sold or transferred
<br />by Borrower without Lenders prior written consent; exclud'mg (a) the creation of a Lien ar encumtira¢ce subordinate'to
<br />this Mortgage, (h) the creationof a gurchase money securityinterest. for household appliances, (c) a transfer by:devise.
<br />descent or by operation of law:upon thedeath of ajoint tenaator (d) thegraatofany:leasehold:interest of.threeyea.rs or less
<br />not containing an option to purchase, Lender may: at Lender's.:option.-declare all-the. sums secured. by this Mortgageto be
<br />immediately due and payable. Lender shag have waived such option ro accelerate.if, prior to the sale. or transfer., Lender
<br />and the person to whom the Proper[y:is lobe sold or-transferred reachag[eement:inwritng that the creifit oEsuch person
<br />is satisfactory to Lcndex andthat the interest payable on the sums securedby this.Mortgageshall be aY.such rateas.Lender
<br />shall rtx{uest. If Lender has waived the option to accelerate provided.. in thrs paragraph 17:-and if Borrower's'saccessor in
<br />interest has executed a written aasttmp¢iort agreement accepted in writing by Lender,-Lender halt release.-Harrower from all:
<br />obligations under this Mortgage and the Nate.
<br />If Lender exercises such option to accelerate, Lender sfiatl mail Borroweraotice of acceleration lei accordance with
<br />paragraph 7» hereof. Such notice shag provide a period of clot less than 30 days !corn the date ttxe notice is mailed. within
<br />which Rarrcwcr Dray nay the Burns declared due. If Sorrowcrfails ro pay such sums prior tq the expiration of such period,
<br />Lender may, without forthernarice ordemand onBorrower, invoke aayremediespermitted byparagrapltlg hereof:.
<br />Nom-j1tiIFORM Covpnerr4•s. Borrower and Lender further cavrnantand agreras_f~llnws:..
<br />]Y. .lecckra[ioa; Remedies. Faicxpf as Provided in paragraph t7 hereof, upon Borrower's breach of any coreoant or
<br />sRrterricn[ of Borrower En rlt?is Mnrt)(sq¢q. atc7rnlh~ the cuveasants fo pe,y when dlir an} cants secured by !leis Mortgage. "
<br />I..r~der prior to accelerrtion shaD nicil notke to liorrowee• as..provided: in:prrayr:pi; ¢4 hereof specifying; t1) 4he bretsch
<br />(2) the action regidred to cure such tx~each; i3) .date,: not less then ~tl nays from'the date the,nofice is.maiicd to Borrower,:
<br />fsy which such breach must be cured; ynd (1) that. faBure to cure such breach on ori+efnre i6n date speCFfitd in. the notice
<br />tray rasull in accekrafiou of the cams cetared h} thii ,41oriK:q¢c, for,ri~losore by fudiciyl proci+edirig and sate afYhe-PropC.rty:.
<br />Ile notice shall twther Fwtotm Borrower of the rgtht to reinstate alter acceleration and ibe right to assert in fhe foreclouturc
<br />proreedittB the euro-exitsexwe of a default or anv uthr.r Aefernc ~~f Rotrower to acceleration cud. foreclirsure. If tht bre~sch..
<br />b net eared nn av befaze the daRe xpeciFed in eYe nMice, l.snder af. Lender's option- nta~ deetaae ail of the surnssecurcd br
<br />t[tiv Mortteage fu be immediately der: °~ ~sa>zlc withnat 4urtner demand and may fgreclose tic jridicial proVeediat);. Lender
<br />ahdl he ~atiited iF collet! in sash prcrtcediea al! ezpensax: uF {+rrrclmure, irrcladle>b;,: box mN timi[ad tos :rosin of drxntueutary
<br />evidence.. abxtracls cad title rcpnr:s.
<br />19, iFanowcts ftg7at to ticinstate. *: oF~c,thstanding Lend _ a~crJ nratian r.Tfikta sums secttrscf h,y this ~Ltartgage,
<br />-Aor r:~wet 6ltu3f have. the right =i. h. ve;.ar,:}~ i;r ?eG:c!i~;s k.l,im ne- 1 ndcr err entercC tltti ?wturtgage Jarc^orKiit ued at a;ty tin;c
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