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Lender's written agrcement or applicable law. Borrower shalt pay the amount of aIt mortgage insurance premiums in the
<br />manner provided under parageaph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interes3 thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. F}nless $orrawer and Lender agree to other terms of payment, such
<br />amounts shal€ be payable upon notice from Lender to $orrower requesting payment thereof, acrd shall bear interest from lire
<br />date of drsburaernenz ai the rate payable from time to time an outstanddng principal under the T+tote unless payment of
<br />interest at such late would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />pcrmissihie under applicable law. lVoth'sng con*ained in this paragraph 7 shall require Lender to inattr -any expense or take
<br />ar~y action hereua~r,
<br />E. Int. I.cader may make or cause to be made reasonable entries open and inspections of the Property, provided
<br />~ thst.Lendet shalt give Borrower notice prior io any such inspection specifying reasonable cause therefor related to Lender's
<br />~ ioterest in the Ftopcrsy,
<br />9. The-proceeds of any award ar claim far damages, direct ar consequential, in conne`tian with arty
<br />C~ cartdemnation ot` other taking of the Property, or part thereof, or for conveyance in lieu of eondemnatian, are hereby assigned
<br />~ and shall bt pain- to Lender,
<br />in the event of a total taking of the Property, the proceeds shat be applied to the sums secured by this Mortgage,
<br />with the excess; if any, paid ro $orrower. In the event of a partial taking of the Property, unless Borrower-and Lender
<br />otherwise agr~ in wri#ing, there shall be applied to Ehe sums secured lry this Mortgage such proportion of the proceeds-
<br />aa is equal to that propattian which the amount of the sums secured by this Mortgage immediately prior to h5e date of
<br />taking bears io the €sir ma)tet value of the Propertp immediately prior ro 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 $orrower that the coitdemnac offers to make
<br />an award or settle: a claim far damages, Borrower faits to respond to Lender within 30 days after the date such notice- is
<br />rttarled, Leaden is autttorised to collect scut apply the p:o.^eeds, at Lender's option, eitlrer to reatoratisn or tepatr-of the
<br />Property or to the sums secured !ay this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the doe date of the monthly installments referred zo in paragraphs 1 and 2 hereof of change the amount of
<br />suchsnstalltaents.
<br />>!$• 8att+awxr IVm Released. Extension of the time far payment or mod~carion of amortization of the sums secured
<br />by this Mortgage granted by Lender to arty successor in intere~ of Borrower shall net operate to release, in any manner.
<br />the liability of rite original Borrower and $orrawer's successors in interest. Leader shall not be resluired w commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the arms
<br />aerated by this Mortgage try reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />li. 11'orfigrrmce LY 7,ender Net a waiver. Any forbearance by Lender in exercising any right or remedy hezetnmder, or
<br />otherwise afforded by applicable taw, shall net be a waiver of or preclude the exercise of any such fight or remedy.
<br />The praeurement of insurance ar the payment of taxes or other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness accented by this Mortgage.
<br />fit. Aemedles ^amatattvt. Alt remedies provided in this Mortgage are distinct and cumulative to any atber right or
<br />retrredy under this Mortgage or afforded by taw or equity, and may fie exercised concurrently, independenfly or suecesaivety.
<br />I$. ~etssors and A Boaad; Joint sad SeveraE fiia~ty; Capes. The covenants and agreements herein
<br />contained shall bind, and she rights Irereunder shall inure to, the respective succes~,rs and assisrts of Lender and Bor-^°•ar,
<br />subiect to rise arovisiorba of paragraph t7 hereof. Ali carertaa~ and agreements of Borrower shaII be jarrt-and several:
<br />'fhs captions and headrngs of the paragraphs of this Maugage are for convenience only and era -not to be -used- to x
<br />interpret ar definethe-pravrstons hereof. _
<br />'+' ;i• Fcxccpt far any rratice required under applicable law to be given in anoffier meaner, (a} &~ notice to
<br />$arrawer.provided far in this Mortgage aha11 be given by mailing nosh notice by certified marl .addressed to Borrower ai-
<br />the Property Address ar at such other address as Borrower may designate by notice to Lender as provided. herein, and
<br />(b} arty natiix tti Lendea shat! be grnen by certified mail. return receipt requested: to Lenders address stated herein or is
<br />such other- addte~ as Leader may designate by satire to Borrower as provided herein. Any notice provid~f .for itt :lids
<br />ic5or(g shad fie deemed to have teen given to Borrower nr Lender when given in the manner designated herein.
<br />ilg. Uttttorm Moue; Goverafs~ Law; 3everslsBity. This form of mortgage combirtss uniform covenants for national
<br />tree and naa-uniform covenaaz3 with limited variations by jurisdiction to constitute a uniform security instrument ~riag
<br />'-cal p*aperty. ?his Mortga~ shall ~ governed by the law of tl~ jurisdiction in which tine Property is located.. in ~
<br />coral that any provision ar ctattse of this Mortgage or the Nore wnflicts with applicable Iaw, such confiiM shaQ_not sitCCt
<br />other provisions. of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisiorrv of the 3viarigage and the l+lote are declared to be stveraCre.
<br />16. lotaratve;?c Copy, Borrower steal be furnished a conformed copy of fire Note and of this Mortgage at the ti&ie
<br />of execution or after reeosdation hereof.
<br />i~. 3'raa~rer of ~a propeaty; Aasamptioe. Ii ail or any pare of tht Property at as interest therein is sold ar traa~err
<br />by $orrawer without E,eader's prior written consent, excluding {al the creation o£ a lien or encumbratxe subordinate. to
<br />this Mortgage, {b} the creation of a purchase money security interest for hctrsehotd appliances, (c} a transfer by device;
<br />dtscent or by operation of Iaw upon the death of a joint tenant or {d} the grant of any leasehold interest of three years or less -
<br />n~t c~ttainirtg an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to -are"
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prkrr to the sale or transfer,' Lehr
<br />a$tl the psratm to whom the PraPertY s to be said or tratrsferreti reach agreement in writing that tt~ credit of stash petsan
<br />is satisfactory to Lender and that the interest payable on the sums secured by tins Mortgage shall be at atach cart as `I.artder
<br />shall regt~st. if Lettder Itas waived the option to accelerate provided in this paragraph. I'l, and if $otrower's ssua~sor in
<br />interest lts4 executed a wtittm aasumptlon agreement arrested in writing by Lender, Lender shall release &mrower from a€1
<br />aidigations under tl»s Mortga~ sad the Nate.
<br />if i.ertder exercises such optics tta accecelesate. Len-aer sits!! tnaii $arrower mice of acceleration in acaotdaace vrith
<br />paragraph l4 hereof. Seth notice shall provide a period of rot teas than 30 days from the date the-atnix is mailed wit6lit "
<br />which Borrower may pay the sums declared doe.. if Borrower faits to pay such surtza prior w the eapiratioa of each period,
<br />Lonekrmay, witlanrtfurthermttieear demand on $or`roevor, invoke any rertaedies permitted bg paragraph l8 ham.
<br />~x-€Itvtr~at CovexanTa,. Btirrowtr and Esnde* further covenant and agree ~ follows.
<br />I>i. )il Facept as j3rovidal ~ l~ IT r•~. ~ lsvisowera » ofi ate sast
<br />~ isarrawv is dale ia~Far~sge, eoveu~ to ~ wtsaa doe >~ aaa® aesaaet iy #Irts ,
<br />t !tom ~ ~ t>a..u aatlee to. . ~ ~ ~ ~ t4 tb ~ tfi? ~
<br />~i~ Res mcNsa m care arch 4reacb; i3) a dam tgtlcm than 38 days ilatan Rte dete~-ttsa aatEee Y ew$ed te-ifoet+tl~w•bt,
<br />fi7 vetaieh raw,R t aa~t be eNreri•, and (4} tlwrihJGars is tsar lRpic)1 an ar # !file date lpedied fit the,'atdt+e
<br />tee'y r~H fn aecricrtteiaa of sae w~ eecored-try this , ta~t~aga 1Py aqd sale o! the l~pe,dr,
<br />TM ~ -`~ ~..~,..e .was €sarawe: ~ ~
<br />:~-ht to`reie;s;R aftit~-t+~$sa *''m assert n tie ~<
<br />prraeeedEq tie t~ifeteisce o: a defRtdt or aaq ®tAar deftsnr of Titer b ~ sad [or:drypn[c. C4 the 6zeach
<br />k sot ease!! oa or ixtere ~ date specified m the settee, Itsser art iis~dn's aptlfop aa4Y dael3sre a9 of the st>aaa see~ed'bp
<br />ttidr If9uttgage to be lady doe ~ paYable wiHrom fi$5ier d0lplat/d said"aertt~ €praekese 6Y jad4cEat pnornedisrg. Leadce
<br />a§s@ tae !~s tt+Aect la sues proctey'~tg ~ cxpe~ of f: l lyt'3oC~raked ta, eoeis of ductimeatsry
<br />efiuww•e, aLai:sre~ ant iiae rapnr9i.
<br />A! Ik~ner°s Pea Rcita~fale. IVOtwitbsiandirtg Lender's aceaCratiois of tlx. stuns scented by -this Mortgage,
<br />Essez rates!! have the right to have any proceedings bcgutt by f.ezsdar to enforce-phis-Mortgage. discoaziaued st anp tune
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