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<br />
<br />Lenders written agreement or applicable }aw. Borrower sha11 pay the amount of a!1 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, snarl become additional
<br />indebtedness of 8arrawer scevned by this Mortgage. Unless Borrower and bender agree to other terms of payment, such
<br />amounts ahaA be payable upon notice from Lender to 8otraw~r regxsting payment thereof, and shall bear interest from the
<br />date o€ disbursement at the rate payable from time to time an a~tstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable -law, in which event such amounts shall bear interest at the highest rate
<br />p~r~ih:~ nd~°- applicable law. l~ ;hv.g r-iair~d in 6':is paragraph 7 sh~1 rg~aire L~rr'.zr to i;r_•ur nay an~Zi~ ar takx
<br />any action hereunder.
<br />$. Irspeetiota. Lender may malce_or cause to be made reasonable 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. Costdetnrrai'lom The proceeds of any award or claim for damages, direct or consequential, in connection with anp
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total faking of the Property, the proceeds snail 6e applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower: In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there steal! (~e applied to the sates secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to tlx fair market value of lire P-a-arty immediately prior is tfio dale of inking. wish the balance of the pr~eeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award ar settle a claim for damages, Borrower fails to respond to tender within 30 days after the date such notice is
<br />mailed, Lender ?s authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Pzapeity or to the sums secured by this Mortgage.
<br />Unless Lander and Borrower otherwise-agree in writing, any such application of proceeds to principal shall. not extend
<br />or postpone the dce date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such instaititrents.
<br />Ifi. Burrower Not Rtdeased. Extension of the time far payment or modification of amortzation of the suim secured
<br />by this Mortgage: granted by Lender to any successor in inieresi of Borrower shall not opera#e to release, in any manner;
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to comtneace
<br />graccedings against such successor or refuse to extend time for payment or otherwise modify amortization of-the sums
<br />szcvred by this Mortgage by mason of any demand made by the original Borrower and Borrower`s successors in interest.
<br />il. FortSearaece by Lender Not a Waiver, Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such -right or remedy.-
<br />The procurement of itexvrance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Leader's
<br />right to accelerate the maturity of the indebtedness secured by this A4ortgage.
<br />22, Resssediea Cvma~five. Rll remedies provided in this Mortgage are distinct and cumulatir-e io any athet right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised cancurrontiy, indepettdently or suc,-e~aivelg.
<br />i3. 5acc+easors acted Assigns $onndt d~oiaf and Several IaaltBllpi t:aptioas. The covenants and agreements herein
<br />captained shall bard, and tae rights hereunder Mall inure to, the respec#ive successors and assigns of Lender and Borrower,
<br />subiect to the provisions of paragraph 17 hereof. Aii covenants and agreements of Borrower shall be joint acid several.
<br />The captions and headings of the paragraphs of this fw€ortgage are for convenience only and are not is be used to
<br />interpret or deEae the pmvisiom hereof.
<br />14, Notke. Except for ang notice required under applicable law to be given in another martiter, (a) any notice tg
<br />Harrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />4he Property Address or at such other address as Borrower map designate by notice to Lender as provided herein, and
<br />tb3 any notice to Leader shall lte given by certified mail, return receipt requested. to Lender's address stated herein ar to
<br />stxdt other address as Lender may designate by notice to Harrower as provided herein. Any notice provide8 €or in this
<br />Morgage shall ire deemed to have been given La Borrower ar Lender when given in file manner designated herein.
<br />15. Un;#orrn R4ortgsge; Govertbtag Zawi S¢verability, This farm of mortgage rnmbirres uniform covenants for national
<br />use and aan-uniform covenants with lirx±ited variations by jurisdiction to constitute a uniform security instrutttent covering
<br />real property. `T'his Mortgage shall be governed by lire law of the jurisdiction it, which the Property is located. In dte
<br />evens that any provision ar clause of this Mortgage or the Note cenfl=_cts with appiieabie law, such conflict shall not affect
<br />other pravisiaris of this Mortgage or the Note which can be given etfect without the conftictittg provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />1~- >~~®~g may, ~rrodwr shall ~ furnish:.d a ca:;farmed ;apy of the t?aTe and of this Mertgae at the tn!te
<br />of execution or after recordation hereof.
<br />A7. Tamer of the Pmpartyi A~umption. If all or any part of the Property or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written cansem, excluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, tlrl the creation of a purchase money security interest for household appliances, (c) a tram€er by tfevise,
<br />descent or by operation of law upon the death of a jaini tenant ar (d) ttte grant of any leasehold interest of three years or less
<br />rout containing an option to purchase, Leader may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold nr transferred reach agreement in writing that the credit of such person
<br />is satisfactory to bender and that the intorest payable on the sums secured by this Mortgage shall be at sash rate as Lender
<br />slxaA request. If Leatler has waived the option to accelerate prov'sded in this paragraph I7, and if Borrower's successor in
<br />intermit leas executes a written asaumptioa agreement accepted in writing by Leader, Leader slratI release Borrower from-all
<br />abligatiar~ under this Mortgage and the Note.
<br />If Lender exer~ses such option to accelerate, Linder shall mail Borrower notice of acceleration in accordance with
<br />paragraph 1~ heresrf. Such notice snail provide a period of pat less-than 3tl days from the date the-notice is marled within
<br />which Borrower may pay rite sums, declared due. If Batrawer fails to gay such sums prior to-the expiration of such ger.'ad,
<br />Lender tray, without further notice ar demarm on Harrower, invoke any remedies permitted by paragraph lfi hereof.
<br />.Flax-Uta[gunM CovEtuwrs. Borrower and Lender further covenant and agree as foltcrws-
<br />Fitt. 1Arc=:- $attte. ;eaa rc ~ is eapk 19 hereof, gpon Bermsree's hsr~ch at amp eove~a# ~
<br />.° n.;v ~ °..a, m::F.:a #'fix, ~: `~"FI :~ cas~r+sa~ fa Tray was da taa~ s ~r tt~ Mau9ga~e+
<br />- Llndzr l<•~ is acee>E: »H notice ttt 1lusras-er tss-provided-ia t~a~cap~ 14- hereof ~ 41) ~
<br />(g) the rctioa rsg:r~d #o each bt+aach; {3) a dgte, out theta 38 days from ~ datte taro tssliar le sssaBdl 4r $orrewxer,
<br />by w~l<iclt raacA b. tisyat- lt4 ~ i~l {4) f ire to cry t~c6 fmsAC# am >~ iet`nre tl~t s +Ta the pollee
<br />ttaay nmult la acceler>itWStof the sis~-mxasrcd 1+y ffiic-{Mer~tege, furectosare hY jediclat peons anti siaie of ttha 3`•
<br />The notice shag t iefoma Ann'ower of the s -to rye alter nrcekratiun ~ the ~ m assert ip the t`e
<br />proceedir; tJae di a t ~ -stay a/isEr dzie~eC of Borsawer M aecelerat~sa rod 9wsrs. N the 6rgeA
<br />is aai con'd ~ or hefure clot d~ ha the ice. Y<etttieT ~ feader'e olrtfutt ~y darlare all ~ ~ axcared by
<br />Y.a-tgaa'a' #:t'~ ' °'~' ~ ittrdhe: farech~ hS Gsxder
<br />a he estkleEl td :aBse! ~ :ztxh p sH azpa=r~es of B~sl, . ~ trot to, costs of duessseeatary
<br />atviskuce. ait~a+ets sir tBh: repmas:
<br />19: Ilur>iowta'e Rat b Rat:. Natvrithstandiag iesrder's acceleration of the sums scented by this Mortgage,
<br />13orrawer-shall-have the right to have nay pmcxediags 6egua by Lender to enforce this Mortgage discontinued at any time
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