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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amciunts disbursed by Lender pursuant to this paragraph 7, with interest theraoa, shalt become additional
<br />indebtedness of Borrower secured Ixy this Mortgage. Unless Harrower and Lender agree to other terms of payment, such
<br />amounts shall fie payable upon aeries from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at Efir rate payable-from t°vtte to drr~ an outstanding principal under the Note unless payment of
<br />interest ae sttcfi late could be-eoatrary to appIic:able taw, in which event such amounts shalt bear interest. at the highest rate
<br />permissible tinder applicable-law. Nothing contained in this paragraph ?shall requite Lender to incur any expense or take
<br />- any action-llerpttndtr,
<br />_ g~_..raa~. -L-Brid.'r as ay tna~..a.- carte to I'~ azadr ~~aY'a-€', a ,trtas nx , and 'ana~t'tart of tlt^. Pral>;rty, prstvtdad
<br />that Lender shall give Harrower notice prior to any sucfi inspection specifying reasonable cause therefor rotated to Lender's
<br />in#erest is the Property.
<br />~. Caaairmaatlort. The proceeds of any award ar claim-for damages, d'srect or consequential, in conneetian wish any
<br />condetnnatfon or otfier taking of tits Property, ar part tfiereltf, or for conveyance in #ieu of candemnatioa, are hereby assigned
<br />and-shad be paid to Lender.
<br />In the event a=` a total taking of the Propcrt3+, the proceeds shaft be apgtied to the sums t~ecttred by this Mortgage,
<br />with the excess, i€ nay, paid fa Borrower. In the event of a patriot taking of the Property. unless Borrower and- Lander
<br />alfierwise agree in writ'sng, there shalt be applied to the sums secured by this Mortgage such proportion of the- proceeds
<br />,_ as is equal to that grapartioa which the amount of the sums secured by this Mortgage immediately-prior to -the data of
<br />taking bears to ttg fair marY.et value of the Property immediately prior to the data of taking. with' the balance of the proceeds
<br />paid to Borrower.
<br />If tRe Prot:..rty is ab.°°^d^.,,;...°~' by aorrower, or ~f aft[..^otire by Lends to Borrower *_haL *ha ands:~nar aff_ers to rt~~ka
<br />an award ar settle a cIairn~~for damages, Borrower faits to respond to Lender within 30 days after the date such- notice is
<br />matted, Leader is authorized to collect oral apply the proceeds, of Lender's option, either to restoration or repair of the
<br />Property or to fhe sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application o€ proceeds to principal shah not extend
<br />ar postpone the due date of she monthly iastaliments referred to in paragraphs t and Z fiereof or change the amount of
<br />such instatiments.
<br />Y@, Hmrower Not Hetease8. Extension of the time for payment or modi5cation of amortization of the sums secured
<br />by this Mortgage granted by Linder to any successor in interest of Harrower shalt not operate to release, in any rttaruaer;
<br />the liabs3ity of the angina! Borrower and Borrowers successors i~r intermit. i.ettder shalt rot be regtrited to cotnateace
<br />proceedings against such srccessor or refuse to extend time far payment or otherwise modify-amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Harrower and Borrower's succe~ors in interest.
<br />II. Forbearsact by header Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />atfierwise afforded by appticabtr taw, shall aaE be a warner of or prelude the exercise of any sucfi fight ar remedy.
<br />Tfta trcmertt of insurance or the payment at taxes or other liens or charges by Lender shaft not be.a waiver of Lender's
<br />ngh~k-to accelerate the maturity of the 'indebtedness secured b5' ihzs Mortgage.
<br />42. 1Eeaae~a Catm»INi-e. All remedies provided in this Mortgage are distinct and eumuiative to nay other right ar
<br />remedy under this Mortgage or afforded by law or equity, and-may be exercised concurrenely, independen#ly or successively.
<br />13. Saeccssars cad Asks Hoard; Joaat cad Several isabt'RtY; Lagtlons. The covenants and agreemenLa herein
<br />contained shalt bind, and ttre rights hereunder cattail inure to, fhe eespective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph l7 hereof. All wveaatrts and agreements of grower shall be joint cad sew~al.
<br />The capstans and hradiags of the paragraphs. of this Mortgage axes for convenience only and are eat to be used to
<br />interpret or define the prr:.,s.orts hereof.
<br />fl4, Notice. Exaepi for any Mice rcquimd under applicable law to be given in another manner, (a) any nosier to
<br />Borrower provided for in ibis Mortgage shall be given by mailing sorb notice by certified mail addressed to ~irrower at
<br />the Prapsety Address or at such Mkrer address as Borrower may designate by narix to Leer as provided herein, aml
<br />{b) any notice to Lender shaft be given by certified mail, rum receipt requested, to Lmsdefs addt~s stated- hereto or to
<br />sttcfi other addre~ as Lettder may designate by notice fo Horroarer as provided herein. Airy- notice grgvided for in tlsis
<br />Mortgage afiall ba dernwd to have E~ given to Harrower or Lear when given in the manner designated herein.
<br />iS. Uadorm Aiuetglge; Coversdsg I.aw; SevertiltHity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform co:~taats with limited varstiarts by jursdict~tt to canstiatie a uniform s.-ctsrity iaatrumxnt coversrtg
<br />-.teal property. This Mortgage sitars ~ governed 6y the taw of the jtrrisdiction in which the Property is rotated. Ia the
<br />event that any provision or clause of this Mortgage or the dote conflicts with app#ieable taw; such conflict shag trot offset
<br />other provisions o€ this Mortgage or the Note which can be given effect without the coafiieting ptnvisi©n. and to this
<br />end the provisions of the Mortgage and the Nate are declared to be ~verable.
<br />ii. 3gorro+rer's Copy. HorCQWer shall be furuished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 'sr~l±p of ~: Astatnlgtlon, If alt or any part of the Peaperty or an interest therein is sole! ,ar transferred
<br />by Patrrower withaue Leader's prior written consent, Pxcluding (aI the oration of a !tort or encumbrance suboediaate to
<br />this Mortgage,. (b) the creation of a purchase money security interest for household appliances, fc) a transfer by devise,
<br />drstant at` by operation of law upon iit^ death o€ a joint tenant or (d) the grant of any Iea~hoid interest of three years or Iess
<br />riot containing an option to purchase, Lender may, at Lender's option, delsre alt the sums sesttrrd by this Mortgages fsi rte
<br />immediately due and payable, Lender-shall have waived such option to aaeteaate if, prior tit the sale or transfer, Lender
<br />and tlfe pet'son to whom the Praprrty is to be sold or taartsferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the earns secured by ihs Mortgage Mall be st s»ch rah as Lsniler
<br />shail_t~uest. if Lender has waived the option to accelerate provided in this paragraph l?, and if Bomtwa's suoxasor in
<br />intctrai ltas executed a vrrittea assumption agreement accegt~i in writing by Lender, Lender shall reuse. Borrower frlxxn aI2 -
<br />oltytgaL+otts under tb~is Mortgage and the Nate.
<br />Tf Letukr exrrcisas such option to accelerate, Lender shalt marl Borrower notice of accelrratioa in accordance with
<br />patagrspfi I4 hereof. Such notice shall provide a period of not less than 30 days from the date the mnice is marled within
<br />which Harrower [nay pay the sums declared due. If Harrower faits to pay such-sums prior to the expiration of such period,
<br />Lender.rnay; withara`t furhrr notice tit dcraand on Borrower, invoke any remedies permitted by paragraph I8 hrreaf.. -
<br />YIi%t tlrtatrcntta COVENnxzs. Hart+owar and Lander furtfier covenand and agree as follows:
<br />Ig. ~trale ~ ~ p~vddad ~ paratrrapb I? b~of, tipoa 1'dorrawrr'e brLSeh of ~}+ nor cal'
<br />zgfg!~at ei Rnrr®+rerla this )-igrtgage, iaeT the cuvtnaats ~->~' coheir doe ray saY>aeed by tbb K€eriHr46a+
<br />`.k ~asr tc arrelsral~s ••-A rah to i3oza~rex as i:mvlded r!n.@ I4 )> (ij ~ bnvebt
<br />ry) ri~_ =~^a .,.~.~,a a on,...,s-n hr.; r3) a i?t.~ r.nt 4r~ thaw 34 ~qps from rite dote. the eo8ce 6 taaaAed tc Horraoger4-
<br />!ey vr$lsh coca txeecb mast tat cvrtih LA) spat faNnre to cane swcb bepeDt oa orbefore the data aperiticd is the
<br />inapt resat[ in aceleratlwa of rise saws secured by tCria hi'ortgage, forertastire Fry jwLkfal ptocaediag an3 vk ~ the
<br />'f'2se ao#3ea shei3 farlhtr ittfaroa Borrower of the ribirt to rcieutate attter aaelesalira attd the right to assent in the foraciwm~e
<br />procet tF3e neu-exislance at a dststFlt er any otbrr defense of 8arrrawer to aerteleratfon cad feuciaateze.- ~ fibs #ateeieh
<br />f, aaaa cereal an or itefese tits owe KpCCiBed to :be aotke, Lata$er at Leader`s option racy. Qeclarar aS of tl~ t secttrasd by
<br />thin Murtg~e to be tn.tnear.tty d~ „~ payable rvilhottt fur/tttr demand cad try fon°etosa by jae~sl~ ~. Y:rgaier
<br />shall be xa8tled to cotaec£ in stash precerdt*~ k3I expet>ses of farxclosare, Fae~ati~, hail 9of to. z:C~at of doCa~aatfary
<br />)SI. Sorrowea?e . to A:otvtsLltading I.endrr's acceleration of the'sums secured by this Mortgage,
<br />Hotrta+xer sfiai)`ltiava tbo iigitt to have any proceedings begun b; I,enikr to enfaree this Mortgage discontinued at any time
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