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<br />Lender's written agreement or applicable raw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />_- manner provided under paragraph 2 hereof.
<br />Any amounts disbursed 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 to ether terms of payment: such
<br />amouns shall be payable upon notice from Lender to Borrower requesting payment thereof, and snalLhear interesrfrom the
<br />.. date, of dfshursementat [he ratepayablefrom time to time ore outstardingprincipal under the Note unless payment of.
<br />interest atsuch'ra[e would becontrary to applicable law, in which event such amounts shalt 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. Lendermay make or cause to be made reasonable entries anon and inspections of the Property, provided
<br />that Lender shall give Borrowerno[ice prior to any such inspectinnspecifr'ing reasonable cause therefor rotated to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceedsaf any award or claim for damages, direct ur consequentiah in connection with any
<br />condemnation or other taking of the Property, or patt thereof, or for conveyance in lieu efcondemnation, are bereb7 assigned
<br />and shall be paid to Lender.
<br />Tn the event of a total .taking of the. Property, the proceeds shall be applied to the sums secured bythis 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 />otherwise agree in writing; there shalt be applied to the sums secured by this Mortgage such pcoportion'gf the proceeds
<br />as is equal [o that. proportion which ti:° amount of the sums secured by this Mortgage imtnedfateh/ prior ro the date of
<br />taking bears to the fair. market value of the Property immediately prior to the date of taking, with. the balance of the proceeds
<br />paid to Borrower.
<br />If the Propetty is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award orset[le a claim for damagesJBorrowerfafls to respond to tender within ?0davs after the date such notice is
<br />mailed; Lender is authorized to collect and apply the proceeds, at Lenders option, either to restoration or repair of the
<br />Property i+r to the sums secured by tf;~ Mortgage.
<br />Unlesv Lender and Borsower otherwise.agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date uf'the manthiy installments referred to in paragraphs 1 and2 hereoforchangethe amount of
<br />such installments.
<br />10. .Borrower Not. Released. Extension of the time. for payment or modification of amortizationof the. stains secured
<br />by this Mortgagegranied by Lender to any successor -n interest of Borrower shall poi. operate to release: in any manner,
<br />the liability of the original Borrower and $c?rrowers siucessorsin interest. Lendershail not he requiredte commence
<br />proceedings against such successor or refuse t~ extend time for payment or oihenvise modify amortization a~f the sums
<br />secured by this: Mortgage by reason of any demand made by the <iriginal Borrower and Borrower's succcssers in interest.
<br />'LL: Forbeartmce-by. LenderNot a Waiver. Are' fnrbearanca^ by ;_endrr in exercising any right ar rertcdy hereunder, or
<br />rnherwise afforded by applicable law. shall not be a waiver of or preclude the exercise of an}• such. right or remedy.
<br />The procarementof insutanceor the paymentof taxes or other liens or;harges Ft' Linder shall not be awaiver of Lenders
<br />right to accelerate the maturity of the indebtedness secured by this blortgagc.
<br />12..Remedies Camalahva Ail remedies pros~ided in this Mortgagearedistinct and cumulative team• other right or
<br />remedy under This Mortgage or afforded by law or equity. and may hr exercised concurrently; indepcndent{v ar successively.
<br />13. Successors and Assigns Bound: Joint and Severn i,iabilify; Captions. The covenants :nd agreements herein'
<br />containedshail bind,andtherightsheretitndershal;inerezo. therespectivesuccessersand assigns of Lender andBorrcwer.
<br />sabiect to the provisionsofparagrap}a17 hereof: .A11 covenants and agreements of.Borrowrr shall be ;Dint andsevual..
<br />The captions and headings of the paragraphs cf this Mc?rtaage are for convenience only „nd are net m }?r used to
<br />imerpret nr deSne the provisions hereof:
<br /><t4. Notice. Except for any notice required under applicable iaw to be giver. in smother manner, (a) any notice to
<br />Borrower provided for in this Mortgageshail be givenby maitinit°ircnnoticehy certified tuai? addressed to Borrower at
<br />the Property Address or at such other address as 8orrnwcr may designate by notice to l..cnder.'ar urevided herein, .and
<br />fb) any noticeao Lender shall he given by certited mail: return'reccint reynested: to I_erder's address. stated herein ar to
<br />such'o[her address as Lender. may desi¢nate be notice. to Berr«weras providedherein. :1ny noticcprauided for in this
<br />Mortgage shall he deemed io have teen given id Borrower. im Lenderwhen given in ;he manner<iesignated herein.
<br />: 95.. Uniform Ylort¢age; Governing iaw;.Se.~crabihh•. 'Iltia form nf. mongagc combines uniformcevenants for national
<br />ttse and non-uniformcovenants with limited varra5ons h ~ ,t-idieuan m ronsthttte a uniform securitrsnsintrnent rovenng
<br />realproperty. This Martgage snaA be governed by ih~ iaw s?i the .unsdiction in whfehthe prepcrn'~s lizcated. in fhe
<br />even* that any provision or clause of. this Mortgage or he 'vs~tc ~ nR?its *..a h tppiieahie ?aw, curb conflict ~ha1t nc~t uY?ccf
<br />oinet .rovisions of this Martgage orthe '_~ctc ;vhicit n ,ti <.. cf'ect •.wthout the cor,Pictin; provision, and m -pis
<br />: geed thcpravisions of theMortgage and the ~otc are tic ,arcs '.:• t ~:vrrahic:
<br />36. BOrrnwers Copy: 3orrosver :hall i?c. fumishrr, .... - _:~:-v .51 the `Tote tmdof clip Mortg_ge at ?hc ume
<br />of csccvt}on or sfterrecordatian hereof.
<br />17. 'T'ransfer ofthe Property Assumption. if ait1+ n~ ;: ,r a. -•~.c P-operry or an. interest therein issald or transferred
<br />by. Harrower without Lenders prior written consent c•cciudnrg '. ~ creation ,tt :: 3ien' ar encumbrance subordinate to
<br />thisivfortgage;iblthecreation of :f pu:cnasetnenry securir:nterest~fnr household appliances- !c) a transfer ;rv devise..
<br />descent or by pperation of law upon the death of a joint tenant or !ii the ~;ranrof anyaeasehold interest of three vuars or. less
<br />notcoataining an option tont;rchase, Lender mar, ai I ceder'.,,:puon. declare sill the sums secured by '.his Martgage to ne
<br />immediately due and payable. Lender shall have.--s~aived >ucn. etption tnaccelerate if.. prior tnrhe Sale or transfer:.i..ender
<br />and tfreperson rowhom ihe.Propertyis lobe soil or transferred reach agreement In writing that t}iecredit of such. »er>on
<br />is satisfactory fo Lender and that the interest payable on the coins secured by this Mortgage shaft oe ai such rate as L.endes
<br />shaltrequest. If gender haswafvedihe optionio accelerate provided in thisparagraph 1?. and i;` 3orrowerssucccssor in
<br />'imeiest has executed a written assumption agreemea[ accepted in wriiing by T_ender,t,ender shall release Borrower .from sal
<br />obiigationsLnderthis Mortgage and the Vote.
<br />If-Lender exercises such option to accelerate, Lender shall mail Borrower notice of accefrrtiioa in accordance with
<br />paragraph;la. hereof. Such noticeshail provide a period at nut less Than 30 days from. the date the notice is mailer within
<br />which $orrower may pay the sums declared due. if Burrowerfaiis ~o pay such s;ims prior to ?he expiration ofsuchpcriod.
<br />Lendermay:.without further no[iceor demand on Borrower, hrvokc any remediespermitted `F,y paragraph ?8. hereof.
<br />Noiv-UNIFORM COYENAN7S. Borrower and Lender furthercocenantlrod agree as fcllaws~
<br />IR. Acceleration;Remedies. Except as providedin paraKraptrl; hcreoC,npon .Borrower's drench of any covenant or
<br />agreementof Borrower in }his vtorigage, including the covenants ro pay when. due any sums secured by this ~1or[gaQe,
<br />Lender. priorfoaccelerafiom shall mail notice to.Bnrrower asprovided in ¢araKraph 14 hereoF specifyinfi: ft)the breach;
<br />(2) tke actionregaired to curasuchbreacfi; (3) a date; not less than 30 daysfroru the date:the notice is mailed to. Borrower,
<br />by whichauch-breach must be cured; and (4). that failure to cure suck breach on or before the date specified in the Holier
<br />.may resuH fn accrieralion of'fhesums secured by this ~Tortgage; foreclosure by judicial procei'dingaad sale of the Property.
<br />Thenoticeshall farther inform Borrowerof the right to reinslaieafter acceleration andthe right to assert in 4he foreclosure
<br />t proceed'mgthenon-existenceofa default orany otfier defense of Borrower to acceleration andforedosure.. Ff the breach
<br />is not cared on or heforethedatespecifiedin thcaotice, Lender at Lender's option may declare all of 4he.sums secured TTy
<br />thisMortgage to beimmediatelydueand payable withoutfurlherdemand and may foredoseby judicial proceeding:L.ender
<br />shall be entitled to collect in such proeeedingalt exper>_¢rs of foreclosure, including, but not Bimited to, costs r>f documentary
<br />evidence, abstractsandtitte reports.
<br />19. Borrower's Right to Reinstate. tiotwitbstanding Lender's acre feration of the <u ms secured by this Martgage.
<br />Borrower shall have the right tohave any ptacecdings begun be Gender to rn force this Afortgagc discnalinucd at any time
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