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<br />Lentkr's wntten agreement or' applicable aaw. Borrower shall. pay the: amount of all.. mortgage insurance'prcmiums. in the
<br />manner provided undecparagraph 2 hereof.
<br />Any amounts disbursed: by Lender "pursuant `to this paragraph 7,; with interest thereon, shall become additional
<br />indebtedness of Harrower secured t.y this Mortgage:'. Unless Borrower and Lender agree to other terms of payment, -such
<br />r amounts shall be payable upon notice from'Lender toBarrower."requesting:payment thereof, andshall bearinteresr fromthe
<br />date of disbursement at the rate payable from time to time on outstantTing principal under-the Note unless payment of
<br />interest at such rate would Ix contrary to applicable aaw, in which event-such amounts shall bear interest at the highest rate
<br />permiss~k under applicablelitw. Nothing contained in this paragraph 7sha11 require Lender to incuran~ rxpense'ortake
<br />any action hereunder.
<br />g. laarecMoa. Lender may make or cause to be made reasonable Entries upon and inspeMions of the Property, provided
<br />that Lender shall give.Borrower notice .prior to any. such.inspection. specifying reasonable cause .therefor related to Lender's
<br />interest in the NropetYy,
<br />9. Catdertteatfott, The proceeds of'ary award or claim for damages; direct or'consequential, in connection with any
<br />condemnation or other taking of the Property, or partYhercof, or for conveyance in laeu of condemnation, are hereby assigned
<br />and shall be paid to Lerrder.
<br />1n the.: event of'a tarot taking of the Property, he proceeds shalt be applied to the sums secured by this Mortgage.--
<br />with the excess, if any, paid tp'Borrower <in the event of a-partial taking of the Property; unless Harrower and Lender
<br />orhenvise agtroe in writing, them 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 secured by this Mortgage immediately prior to the date of
<br />taking bears o the fairmarket va)ue of the Property,immediarelypriorto'thE date of taking, with the balance of the proceeds
<br />paid ro Borrower.
<br />Jf thcProperttt 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 focdamages„Borrowef fails to respond to Lender within'30 :days. after the date such notice is
<br />mailed. Lender is atrthoriad tp collect ,and apply the proceeds, at Lender's option, either to restoration or repair oFthe
<br />Property ar to the sums. secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of .proceeds to principal shall nob extend
<br />or postpone:"the due. date of the monthly installments referred to in paragraphs l and 2 hereof orchange the amount of
<br />such installments.
<br />10. lorrower Not Rteleaaed. Extension of the time forpayment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate o release;' in any manner.
<br />the liability of the original Borrower and 'Borrower's uccessors in interest Lender shall not. be required to cornmenec
<br />procYed'mgs against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured bg this Mortgage by reason of an}' demand: made by the'original'Borrower and Borrower's successors in interest.
<br />11. 1Por6earatte;~ Lender Not a Waiver. Anv forbearance by Lender in exercising any :right orYernedy hereunder, or
<br />otherwise..afforded by:.applicable law, shall. not be~.a waiverof or .preclude the-:exercise o€<.any such right or remedy.
<br />The procurement of instuantt or the payment of taxes or otherliens orchargesbyLendershall not be a µaiverbf Lender's
<br />right to accelerate thetnaturity of the indebtedness secured by his Mortgage.
<br />12. Retakdiu Ceaia~tive. All remedies provided in this Mortgage are distinct"and cumulative to any. other right or
<br />remedy under this Mortgage. or afforded by law or equity, and. may lie. exercised concurrently,. independently or successively.
<br />13. Stsccesaors ud Asdps Bound: ]Dint add Several Liability; Captions. The covenants and ;agreements herein
<br />contained shall bind, and the rights hereoodershall inure to, therespec[ive-successors and assigns. of Lender. and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint. and severd.
<br />The captions and headings of the paragraphs of this Mortgage are forconvenience onlyand-are. net tote,used to
<br />interpret or define the provisions hereof.
<br />: 14. Notice. Ezcept for any notice required under applicable law to'be given in another-mariner, ta) a~}~ notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such -totiee by certified mail addressed'to Borrcwer at
<br />the Property .Address or at such other address as Borrower may designate by notice to.Lender as provided herein, anti
<br />(b) any notice to Lender shall bE given 6y certified mail, rewm receipt:req'uested.to.Lender'saddress stated herein or [o
<br />such other address as Lender ma} uesignate by notice a> Borrower as provided ifere.n. Arty,notice provided rot in this
<br />Mortgage shall be deemed [o have been given to Borrower or Lender when given in ahe manner designated herein:
<br />13. L'nifortit hlpAgage; Governing Law: Severability. Thisform ofmortgagecombines:tiniform covenants foruational
<br />use and npn-uniform covenants with limited variations by jurisdiction to cohstinrte a uniforrn security-iastnnnent covering
<br />~, rest property. This Mortgage shall be governed bylhe law ofthe jurisdiction in which the'Property isaacated...an the
<br />evert that auy provision or douse of this :Llortgage crrthe Note canflic~cwith applicablclaw, such conflict. shall nor affect
<br />ether pru~ laic ns of this Mortgage ar the Note :which can be given effect without the conflicting provision, and to ahis
<br />end the provisions of the Mortgage and the Mott: am declared to he ,evrrable
<br />1.F. Borrower's Cnpy. Borrower shad. be furnished a conformed copv of [hc Vote and of this Mortgage at thefime
<br />of execution or after recoraation hereof.
<br />l7. Transfer of the Propertys Assumption if all or env ,Dart of the Property gran interesttherein is sold or transferred
<br />by Borro~.vcr without LEnder'sprior writtenconsent, excluding fat the creation ofa}it;noeencumbrancesubordiua[e~[o
<br />this Mortgage, ib) the crcadonof a purchase moneysecunty mterest for householdappliances; (c) a transferby devise,
<br />descent er by operation of law upon the death of a joint tenant cr idi the grant of any_leaseho]d interest of three years or less
<br />^ot containing an option to purchase, Lander may, at Lender's: opuoa, declare all the. sums secured by this Mortgage" to 1,e
<br />immec'~ately due and payab]e. tender sfiall'have waived such,.option to accelerate :if,; prior to the saleor`transfer, Lender
<br />and the person in wham: the Property is to tie sold or transferredreach agreement in w~ri[ing that the credit of such:person
<br />is satisfactory to Lender and that the interest-payable on the slims secured'by this Mortgage shale be a[ such rate: as Lender
<br />shall request. If [.ender has waived the .option to accelerate; provided "in-this paragrapt ^. and-if.Borrowcr's successor ;n
<br />interest has executed a writte^ assumptionagreement:accepted-inwriling by:Lender. Lender shall. releaseBorrower fromall
<br />obligations under this Mortgage andtheNote:
<br />If Lender exercises ;uch option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 1.1 hereof Such notice shalt provide a period of nor less than 30days,from the date the notice`<isrnailed within
<br />which Borrower may pav the cams declared due. If Borrower fails ro pay ouch. sumsprior to the;. Expiration`of such.period,
<br />Linder map, without Further notice or demand an Rorrawet, invoke any. rcmEdiespermitted by paragraph"a8 hereof: '.
<br />Nov-LwFOxst Cov7:n~nv;s. 6armwerand Leader:furtherxovenant and agree as follows.
<br />18. Acceleration; AemerSec. Except as-provided :in paragraph 17 hereof, upon Bprrpwer'sbreaeh of auy covenant or
<br />agreement o[ Borrower in this '.1lnrtgalte, iaduditig: the covenantc to pay-when due zany sums secured by. this Mortgage,
<br />Linder prior to acceleration shall mail notice to Borrower as provided in..paragraph'.14 hereofapecifying::(1) th¢breaeh;
<br />(1) tk action regrdred to cure such breach; (31 a date, not less than 30 daysfrom tAe date the notice is mailed to Harrower,
<br />by rrYlcb such breach must be cured; and (4) that failure tp cure:"such breach on ocbefore he date specified in the-notice
<br />may resale ire acceleration of the sums secured by this Mortgage, forecosurt:. by judicialproce¢ding and sale of the Property.
<br />L Tie notice shag further inform 6urrnwcr of the rgLht to reiristate after acceleration and the right to assert in the foreclosure
<br />prtxet:deng the ran-existence of a default or any other defense ofBomiw'er to acceleration aodtoreclosurr. If..the:6reach
<br />s rat cured on or before the date sprriheu in the notice, Lender at Lender's option:may declare: elf of the sums secured by
<br />this !Nortpagc ro be immediately dux and payable without funlrertlemaiid and may foreclose by .judicial proceediyg,: Lender'..
<br />shall 6e eatMled !o collect in such prm:etdiag all expenses of foredoslrrr, includiryt, bal. not Bmiled to, costs of documendary
<br />evidence, abn1r-a<: Ls and tidy reports..
<br />19, 1brNMC~F Riaht to Refxstah. N~tw rthsianding Lenders acceler: [i - r. 71 the sums secured i,y: thrs MarLgage;
<br />Borrower Shag haV(: t}CC rlgtlt [a ttaVE 8nY ptaietd7ngS; bEg:An 11y 1_t.ndE r. tJ £rl . r~~~ Lhl! MartgagC dilGanilnC[Ed a1. anV 1l n7¢
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