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<br />[.ender's written agreement or applicable law. Borrpwer shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disburxd by Linder pursuant to this paragraph ?, 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 />amounts shall 6e payable open notitt from Lender ro Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rete would be contrary to applicable law. in which event such amounts shag hear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require i_ender to-incur any expense or take
<br />any action hereunder.
<br />8. istspedbu. tender may make or cause to be made reasanable entries upon and inspections 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 Property.
<br />9. Coodemttatlon. The proceeds of any award or claim for damages, direct or consequential, in conneMion with any
<br />condemnation or other taking of the Property. or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />1n [he event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borcower. In the event of a partial taking of the Property, unless Bortower and Lender
<br />otherwise agree in writing, there shall be applied tp the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that propartion which the amount of the sums secured by this Mortgage 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 balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower or if, after notice by Lender to Borcower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Ixnder's option. either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such applicatian of proceeds to principal sha(1 not extend
<br />or postpone the due date of [he monthly installments referred to in paragraphs 1 and 2 hereof- or change the amount -of
<br />such installments.
<br />10. Borrower Not Rektssed. Extension of the time for payment or modification of amortiution of the sums secured
<br />by this Mortgage granted by Lender to any successar in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend ume for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason ai any demand made by the ariginal Rarrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by [.ender in exercising arrv right or remedy hereunder, or.
<br />otherwise afforded by applicable law. shall oat he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall not he a waiver of Lender's
<br />right [o accelerate the maturity of the indebtedness secured by this Martgage.
<br />12. Remedies Cumulative. All remedies provided in this Martgage are distinct and cumtdative to any other right or
<br />remedy under this Mortgage or afforded by law nr eyuily. and may he exercised concurrently. independently or successively.
<br />13. Successors and Assigns Bound; 3oint and Several [aability; Captions. The covenams and agreements herein
<br />c~niained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of i_ender and Borrower,
<br />subject to the provisions of paragraph 1? hereof. All cavepants and agreements of Borrawcr shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be rased to
<br />interpret or define the provisions hereaf.
<br />14. Notitt. Except for any notice required under applicable law to he given in another manner, (a) any notice to
<br />Borrower provided for in this Martgage shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Praperty Address or at such other address as Borrower may designate by notice to i_ender as provided herein, and
<br />(b) any notice to Lender shall he-given by certified mail rewire receipt reyuesteci. w lender's address stated herein or to
<br />such other address as Lender may designate by notice to Harrower as provided herein. .Any notice provided for in tfiis
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severability. This Form of mortgage combines uniform covenants for national
<br />use and pan-uniform covenants with iintited variations by jurisdiction to cnnsNune a uniform security instrument covering
<br />real property. This Mortgage shall he governed Ly the law of the •.urisdictinn ht which rite Property is located. In the
<br />event !hat any provisian or clause of this Diortgage or rite vote a~nflirts ~.vith applicable law, such amlTict shall not affect
<br />ether ?rovisions of this Mortgage or the Nate °.vhich can he eivcn clTect without the mntikfing provision, and to this
<br />end the previsions of the Mortgage and the \ate .rte declared to t,e ~everahle.
<br />tb. Borrower's Cppy. Borrower shall be furnahed a conformed copy of the ~7ote and of [his Martgage at the- time
<br />of cxeartioo or after records@on hereof.
<br />l?. Transfer of the Property; assumption. if all or .tnc part of the Property or an interest therein is sold or tran.ferred
<br />by Borrower without tender's priar wooer. consent. excluding tn) the crcatian of ~ lien or encumbranec subordinate to
<br />this Mortgage. thl the crcatian of :. purchase money ;cruelty interest for houschrnd appliances, tc) a transfer by devise.
<br />descent or by operaeion at lay upon the death of a joint tenant or ;tit the grant of any ir:asehald interest of three years or less
<br />twt coniuining an option to purchase, Lender ma}'. at Lender's option. declare ai! the sums secured by this biottgage to be
<br />immediately due and payable. Lender shall have waived such c+ptian ;o ancicratc if. prior to the sale or transfer Lender
<br />and the prrsan to whom the Property is *.c be sold or transferrod trash ::grccmer,[ rn writing that the credit of such person
<br />is satisfactory un lender and that the interest paysi+lc on the sums sazured by this Martgage shay be at such rate as Lender
<br />sha31 request. tf T_ander has waived the option to accelerate pre,e ided in this paragraph J7. apd if Barrowers successar in
<br />interest has executed a written assumption ;~greemert acn:pted in ~.vritiag by Lender. Leader shall re}case Borrower from :ill
<br />obligatians under *.his Mortgage and the Nate.
<br />1f Lender rxarcisES such option to aeceleratc. I_endcr .hail nisi' Bore:wcr net:.c „f acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall pravide a period of uot. Its, than ?0 days fn+rn the date ih;. rwticc is mailed within
<br />which Borrawcr may pay the sums declared due. if Aorrowcr fait, to pey such ,urns pot=r eo the cspiraticn =+!' <uch period.
<br />t:,nder may, without further notice cr demand vn Borrower. ;mr.Ac an} rerneclies permitted he paragraph ±i hereaf.
<br />Nora-Ur+tt~csaM CavF:~eRri_ Rarroxver any' Lender ftuther a::crane :rod agree as follows l__1
<br />13. Amekratian; Rerardies, Fsttrtpt as provided in paragraph f7-hereaf, upon Barrower's breach aF aey ravenaat or
<br />agretinent of Sorrpwer is this lortgagt, including the co+rnaitts hr {rev when dae an+ seats vreur:d by this ktortgage,
<br />Leader priar to acerkratian shall nwB etatice to Borrower as prucided in paragraph 14 hereof specifying: i li the breach;
<br />{2} the action rertnited to cure such breach; t3) a date, trot less than l0 days front the date the Holier as mailed tp Bprro++er,
<br />by which retch breach mast be cared; and {1i that failure to cure such breae6 on or betart the date specified in the patio
<br />may resuti In atrekraiipn o[ the samssrc used by this-Mortgage, -torrclosure by jtudicial procrrdi~ and cute of the Proprrt}.
<br />The ~tiee shr~i fterWRr iatorm Bprro+rrr of 16r right to reinstate after acctltntion apd the right to u+scn -~: •'x farecltisure
<br />p[ucRediug.tht uan-txL9tm~e of a defiRntl or any pther rkfenu of Burrows to aecrlrration and Corrcir~t=: t+. the breach
<br />_ti pat ~cueed on of 6efort the daft specified is the pptKr, tinder at IRnder's pptiort may deriare alt of the .pens secured by
<br />this filDtt~tgt to bit immediately d®e sad -payable witlwut farther drrnand sad easy forrclarr by judicial pracrrding. l..eader
<br />shag 1rr ss(kftd !9 raBtci itt sorb. ptarttdlatg all exprtrses rr[ tortciwurt, int.•iuSrag, but opt limited tp, costs of docuntentar}
<br />eri~n+Fe, ubatracis anti tNte reprorttt.
<br />- 1#. librrawtr'a R3~tV to Rtiatttate. Yc,[witttxfand:rag i.vndrt'e aece7iua[rc*p „f the ;:trr.+ .z'c:teed by rI is 14:trtg:sg~-.
<br />~trp~wer-situ lfavg the tltllff t¢ hart sn}- prxccdin,gs lxegun by fender i ~u[c=roc this \1r>rtg«gc ris.,raattn:r~ii ei an; tirvc
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