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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of alt 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 other terms of payment, such
<br />amounts shalt be payable upon notice from Lendtr to 8arrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on otitstantling principal under the Note unless payment of
<br />iuiai csi al a~.~ ~,.~ wa°u'd be --- err to ;y,pl'sr°.,It law, in °°hich tvcnt ;rcb antaunts shall 1. mar iniwr~,f at zl~ti hsglrst rats
<br />permissible undei applicable taw~~ Nathsng contained in this paragraph 7 shall require Lender to incur any experrsn ar take
<br />any action hereunder.
<br />&. In~ecttett. Lender may make or cause to be made reasana6le entries upon and inspections of the Property, provided
<br />that Lendtr shag give Borrower noSce prior m arty such ittsptetiatt specifying reasonable-cause therefor related to Lender's
<br />iniertst in the Property.
<br />9. Cattdeonastioa, The proceeds of any award ar claim for damages, direct or catrsequenlial, in cannecttan with any
<br />condemnation or other taking of the Property, ar part thereof, ar for eanveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the stints secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the went of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in welting, there shalt be applied to the sums secured by this Mortgage such- proportion of the proceeds
<br />as is equal to that prirportibri which the amount of the sums secured by this Mortgage immediately prior to the daft 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, ar if. after notice by L tndtr to Borrower that the condemnor o$ers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 3i} days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restaratian or repair of the
<br />Property or to the sums secured by this Mortgage,
<br />Unless Lender and Borrower otherwise egret in writing, any such application of proceeds to principal shag not extend
<br />or postpone the due dart of the monthly installments referred io in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />It?. Borrower Not Reiaased, Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shaft not operate to release, in any manner,
<br />the liability of the original Borrower and $arrower's successors in interest. Lendtr shall not be tegtmxd to cotntnence
<br />proceedings against such strcctssar or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of-any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Linder in exercising any right or remedy heretmder, or
<br />atherwise.~ortttd by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pit~'ttteM of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right fa aiixelerate the maturity of rite indebtedness secured by this Mortgage.
<br />Imo- Reate~ Ctimalative. "11 remedies provided in this Mortgage are distinct and cumulative to any other rsflht ar
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised cancurrenHy, independently ar successively.
<br />33. 3acce~ors sad Assigns Eouad; Joint and 5evtrat I.iabt'ftty; Captions. iltc covenants ate agreements -. din
<br />contained sha0 bind;-and °tte rights herunder shall inure to, the resp .rive successors and assigats of Len~r a~ Borrowers
<br />sLbjeet to iht provisions of paragraph 17 hereof. All covena,~tts and agreements of Borrower shall bt joint and several.
<br />'flit captions and headings of the paragraphs of this Mortgage are #or convenience only and are tint 20 be nerd to
<br />inicrprti ar der~nt the praviSivOS- btr2af.
<br />14. Notice. Except for airy notice required under applicable law to be gives in aaothtr mamter, (a} aay notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such. notice by certified mail addrtsstd to Borrower at
<br />the Property Address or at such otfitr address as Bormwer may designate by notice to Ltrtdtr as pravidtd herein, and
<br />(b} any notice to Lender shalt be given by certified mail, return rtvtipt regt:ested. to Lender's address stand hereir, or to
<br />such orbit address as Len~r may designate by notice to Borrawtr as providtd~herein. Any noticx provided for in this
<br />Mortgage shall be deemed to fiave beta given to Ba; rower or Lensitr when given in tlu manmr designaitd tttr~t.
<br />15. 138Nome Aiott;age; (;nveraiag Law; Severab$ity. This farm of mortgage combines uniform covenants for national
<br />t.~ and t.~ uniform cs+:ersents w x§ limited variations by jurisdictit~t to catatitute a unifce?a ~±rity in~~*~.trtt
<br />real property. This Mortgage shall be governed by the }aw of the jurisdiction in which the Property is tocattd. In the
<br />event that any provision or clause of this Mortgage or the Natt conflij~ts with applicable law•, such cattflici short riot affect
<br />orbit prav€siins of this MoYgage ar the ;dolt which can be given eliecl wYlhaut the conflictsag prav~ian, and to the
<br />ettd the pravisians of the Mortgage and the Note are declarai to be severablt.
<br />16. EoemsrePs ~PY• Borrower shall be furnished a conformed copy of the Note ana of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Ttx~er of ~ Proptity; Assateption. I# alt or any part of the Property or ansnierest therein is sold or ttattsferred
<br />by Botrawer without Lender's prior written consenE, excluding (a) the creation of a lien or etttumbrantx suhordiastt W
<br />this Mortgage, (b} the creation of a putrhase money security interest for hourehald applianoas, tc} a tnrrrsfer by devlet,
<br />descent or by operation of law upon the death of a joint tenant or (d} the grant of any leasehold interest of three yeazs m kas
<br />trod containing an option 20 purehast, Lender may, at Lender's option, declare a}I the sums scented by this Mortgage to be
<br />im¢tttdia:..ly dzx and payable. Lender shall have wa'sved such optiart to accelerate if, prior tv We saw or tranaftr, Lemur
<br />and the per~r to whom the Property is to be said ar iransftrrtd reach agrcernxnt in writing that the credit of such person
<br />is satisfactory to Lendtr and that the interest payable on zht sums scented by this Mortgage shall be at such rate as Linder
<br />shall regt~st. if Lendtr has waived flit option to acreterate provided in this ~ragraph t7, anti if Borrawer'a successor in
<br />intet~t has executed a written assumption agreement accepted in writing by Lendtr, Linder shall release Borrower from ail
<br />obligations trailer this Mortgage attd the Natl.
<br />If Lendtr sxtrcasts such option io accelerate. Linder shall mail Bortawer notice of acceleration in accordance with
<br />garagrafh 18 fiereof, Such notice shall provide a period of not less than 30 days from tbe date t}t, notice h matted within
<br />which Borrower may pay the stuns declared due. If $otrower faits to pay such sums-prior to the expiration of such period,
<br />Leader may, without further aatice or dematui an Borrower, invakt -any remedies permitted by paragraph IS hereof.
<br />Nam-Urrrgoatt Cavt:tznrrrs. Borrower and Lendtr further covenant and agree as foitows:
<br />2& Remedita. Fseept as gsovtded is paragraph 2T her~f, a~ tiormwer's breach of arty eovsisatx Oar
<br />agrseme~ ~)sorroarer ~ this Moztgage, ittchrdiag the cose~ts to pay -whet doe aay arrest sec~ed by !Iris ti+lOttpee,
<br />L p~ b s~ctleratioe t fa HOtrawer as ptavidei to path to ~ (1) the hrnc~
<br />{~ the actloa reaiairad to +~re Bch breath> -t33 ~ eat ~ t{mh 39 ~ fran the bate t~ aotlcre is malted to 1lotsaaer,
<br />h9 which + ~ b+s ctsstd;" sad {4} drat i~rare t0- ast~i :Trreaclt en or 6eEore tics dots - hi tLe aalke
<br />e~ ~ is of the tests aerated by irtts ?ge. i hl ~ attd'aa~ ~ fht .
<br />Ttte f~tlser ird~ 1$armwrr of the right isaelnstsdt Aftsr txceieratioa aml the rf~tst ~ asset br ~ Eessse
<br />t~Ee atxs.te@ 0f.a detAtslt Or A9y Olttel'~de[ense olEortower ~ a[tetert. a~ fOrcelescae. )fl the Pa+nch
<br />~ Lf#t eared Hilt ~ before the date spec~td In lire nOtil'G- Leader' at ~ EHdtt`~S O(ltibn 0iay dM~iC a~ OE SIC tlDaf 8lt8Yl~ `y
<br />to be imatedistely dce aml payahix withoas Enrthcr t~teaad-saA * tOtethiat-lay ~ prCCeed~. Leader
<br />short ~e d is cmBrM is shalt pxote~ipg alt eupenass of toeectasnre: ~, het trot Bmhed to, coats of docu®eatary
<br />evidasce, athetracts sad title >*'~~
<br />19, ~rowa's 1l2~Nt to ift. Notwiths'uutding Lender's acceleration of the sums secured by this Mortgage,
<br />Btxeoiver 5ha1P-have the right to have any groceedirtgs begun by Linder to wforce this Mortgage discontinued at any time
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