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<br />Lender's written agreement or applicable law. Borrower shalt pay the amount o€ all ma*tgage insurance premiums is the
<br />manner pr'avided under paragraph 2 hereof,
<br />Any amounts disbursed by Lender pursuant to this paragraph fi, with interest tFer+eon, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender egrce to other terms of paymerst, such
<br />amounts shat be payable vppn aortae-.from Lender to Borrower iegoesting payment thereof, and shaft bear interest From the
<br />date of disbursement at the -rate payable. from rime to time on outstanding principal under the Note unless payment of
<br />m•es~.
<br />interest at such rate would be contrary to appiicalsle taw, in which event s-~h aen~usxis ~ aY, ~ ini-i~t az the ,.r6,.~~. rata
<br />p~hie un~r applicable taw.. iQathins confairted in this paragraph 7 shall require i.endet to incur any expense or take
<br />a.:y actirsn F,ereust~r.
<br />& 7m~teeSea. 'Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior fo any such inspection specifying reasonable cause therefor related to Lender's
<br />tote-rest in the PrapatYy.
<br />~. Ctndemnstlen. 'l`be proceeds of any award ar claim for damages, direct ar ccrnsegnential, in eoanectian with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />grid steal! be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be appi'sed to the sarna secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. Sn the event of a partial taking of the Property, unless Borrower and Lerrtkr
<br />otherwise opts-~ in writing, there sha13 be applied za the straits secural by this Mortgage such proportion- of the proceeds
<br />~- as is equal to that proportion which the amount of the sums secured by Yhis Mortgage itnmediafeIy prior to the dart of
<br />taking hears 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 />ff the Property is abandoned by Borrower, ar if, after notice by Lender to Borrower that the condemnor otters to make
<br />an award or settle a claim for dama~s, 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 Lender's option. either io restoration or repair of the
<br />Property or to the sutrts secured by this Mortgage.
<br />Lrntess Lender and Borrower otherwise agree in writing, any such appticaeion of proceeds to principal short trot extend
<br />or postpone the doe date of the manthty installments referred Eo in paragraphs l and 2 hereof or change the amount of
<br />such installments.
<br />Ifl. Borrower Not Released. Extension of the time for payment or madi5catioa of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in 4ntercst of Borrower shelf not operate to release, in any manner,
<br />the liability of the orig'snat borrower and Borrower's successors in interest. Lender shall not be required to ¢ammerra
<br />prose. dings against such succcsaar or refuse to extend time for pay~rxncmt ar otherwise modify amortization of the soma
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in inttr~t.
<br />11. Forbearance try Lender Not a'fitalver. Any forbearance b7' Lender in exercising any right or remedy hereunder, of
<br />otherwise afforded by appHcahle -law, shaC not be a waiver of or pr~inde t#ze exercise of any sash right or remarry.
<br />The procurement of iraprance or the payment of taxes or other tiers or charges by Lender shalt nar be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remet3;es`t~ttdtative. At'. tremedies provided in this Mortgage are dntinM and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity, and may be exercised ccxrcntrcntfy, independentty or success'svely.
<br />13. 9reecessora grid Amens Bond; Joint and 3ever~ T.iabHky; Cstpttaws. The covenants and agreements I . n~
<br />camained shall hind, orris "- righL< hereunder shall inure' to, the respective su~-cessors and assigns of Lender- and Borrower,
<br />subject to the- provisions of paragraph 17 hereof. Ail covenants and agreemeau of Borrower shat ]re joint and several.
<br />'Fhe captions and headings of the paragraphs o,' this Mortgage are for convenience an}y and are not to be used to
<br />interpret ar ~efnre the provisions hereof.
<br />14. Notke. Except far any notice required under applicable taw to be given in armther manner, (a} any nonce to
<br />Harrower $mvided for in this Mortgage shall be given by maitfag such native by certified mail addressed to Borrower at
<br />the ]'ropertp Address ar at such artier address as Borrower may designate by notice to ].ender as provided lrereiis, airif
<br />{b} any notice to Lender shad be given by certified mail, rctum re.-~e'spt r~ucsted. to Lender's address stated herein or to
<br />such ether address as Lender may designate by t;otice to Borrower as ~ovickd herein. Any notice provided -for in--this
<br />Mortgage sltaG be deemed to have been given to Borrower or tender when given in the manner designated h~rein:-
<br />15_ TJai3'arvt Mortgagt; Gavesnisg Law: 3everablli#y. This form of mortgage combines uniform covenants for tsational
<br />roc- arm nos-~-nifa~ ~.~nants s itl: liu-ria~d va :ads `sy j€.. islet ~^ *_o can:tit:ate a uniform security instrurrrent covering -
<br />real property. This Mortgage shal€ be governed by the law of the jurisdiction in which ehe Property is Located. 1n -the
<br />event that any provision ar cta:se of xhis Mortgage or the Note conffiees with applicable taw, such conflict shag not affect
<br />outer provisiotu of this lritxtgagc or the Nate which can be given effect without the carrfticting provision, and to this
<br />end the previsions of the Mortgage and the Note are declared to be severable.
<br />16. 1Rorsower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at t?re time
<br />of execution or after r~ordation hereof.
<br />17. 7'rsteder of tAe Frapertyt AswmPtitut. if aft or any part of the Property or an interest therein is sold or transferred
<br />Hy Borrower without Lender's prior written consent, excluding {al the creation of a Gen or encumbrance subordinate to
<br />this Mortgage, {b} the creation of a purchase money security interest far household appliance, {c} a transfer by devise,
<br />descent or by operasiatt of law upon the death of a joint tenant or (d} the grant of any leasehold imerest of three years or less
<br />not containing an option to purchase, Lender may. at Lender s option, declare all tht sums secured b3` thk Mortgage to be
<br />immediately tltte and payable. Lender shalt have waived such option to accelerate if, prior to she sale ar trm>$fer, Lender
<br />and the person to whom the Property is to ire sold or transferred reach agreement is writing that the credit of such person
<br />is satisfactory to L€rtder end chat the inirresx payatie on tht sums secures ity iiris Mortgage shall "oe ai such rate as Learter - -
<br />shall request. If Isndez bas waived the option to accxlerate provided in this paragraph l7, arm if Borrower's successor in
<br />interest has executed a writteat assumption agreeuteat accepted in writing by L.ettder, L.etrder shall rtlease Borroaxr irwrr aR
<br />obligations tretdertltis Mortgage-and the Note.
<br />Zf I..-nder"exercises each option to accelerate, Lender shat? mail Borrower notice of acceleration in accordance with-
<br />- par~ragh l4 hereaf~ Bach notice shall provide a period of net less than 3t) days from the data the notice is mailed within
<br />which Borrirwer may pay. the sums declared due. if Borrower fails to pap such sums prior to the expiration of such period,
<br />Lender may: without fetrittsr eerier. or dentarsd on Borrower, invoke anY reme permitted by paragraph 7 8 hertaf.
<br />Islam-Urrt=~aat C~vexAU3s: Borro;x`er-and Lender fnnhtr covertant and agr~ as faltaws:
<br />1& AcrdsReUvrl„, ~eraeslira. Ertept rrs Qrurided >t$ paragn~ t4 Vireo[, Barerower'a breach of ~y eovemmd or'
<br />agree;aaa! o; Borrower m tAH $So:igage, itaclttdirrg the covemants ~ py wlsea aloe. say aeearnd bx Rtis Mer[~+e,
<br />Lersder prior to acederation shag mss erotica t~ Aorrower as provided 9a I4 # ~: {ell ~ s
<br />e2} ilea ac9ion rxgalrrd to care sttcts F,rxscht {3i a date. not less than 39 days frame-tot d~ !tie ~M#ce far ntatfed to Bormvrer,
<br />by +vhich wch br~asb srasi rx tucad; aed (~) that fa8nre to case such hreuh op ~ before deb dam: agree68xd in tLe ms;te
<br />rateett ie sccelorat3oe tN •ltc arms secured bq the Tafortgagy iareciosure by )+> sad`asle of the l;ropxrty.
<br />Th_a notice s1saB fmS'aer ttsfagrs fforrewer of the riykt to fetnelste after acceEeralion. apollkt:ri68t to asacrt is the f1os-lc
<br />g~toceedlaS the iron3rdsttnet of s drfaait nr arty o1Lcr defeuseof Hurxatvr to acxektatbe`.taad-foreclmme. If Ilse treaeb
<br />F4 vet eared oa w bdore tix date aPrti6ed in tht r.ottce, Lander at Leirdcr:s option ~ e a:d af_tMe saaw stcortd-Pry
<br />dris il5ortgsye ao rte imm~iatdy doe and paysbie withvsr furtf~r damsnd and may ~ IQy l p~-- Ltc - _
<br />short ire r~liifed to splicer la anc8 proceedhrg ale expenses of fsnre, iacladlt~, b-f trot Matittd to, ca6~ of Y
<br />evidev~ee, atsFracts sn~ trite reports.
<br />19> TTcrratrts's ltlgb! ~ Pte. IVotwitltst:.nilitt~.L~endera acceleration of the .sums secured by this Mortgage,
<br />BprFOwet• 37ta1! have tot rlgitt to leave say proaeeiiinbs begun try Lender to enforce this Mortgage discontinued at any time
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