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<br />Cinder's writier. agr_etnent ar applicable law. Barrmver shad pay thz amount a€ ail maetgaf;e insurancz premiums in the
<br />manner pPOVided a€}der paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant Lo this garagraph 7, with interest thereon, shah became additional
<br />indebtedness of lorrower secured by this Mortgage. Lnless Borrower and Lrndzr agree io other terms of payment, such
<br />amounts si;ail be payablc noon notice fram Lender to Borrawzr requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable feom time to time on atatstanding principal under the Note unless payment of
<br />interest aY such ratz would be contrary to applicable law, in which event such amamts shah bear interest at flee highest cafe
<br />germissihle under applicabie law. ivothing contained in thin parag'taph ,shall rcqu r: t e.^^.`u r ......,,.. ny :::r'1.^.s= or t?ke
<br />any ~rfirsn nerenndrr.
<br />tl. ;~ps.:ct~n. Cruder may inaaz ar eat:~ rn 14z made reasonable entries noon sad inspections of the Property, provided
<br />that t;.nder shall give Borrower notice prior to any such inspection specifying reasonable cause iherefar rotated to tender`s
<br />intzrzst in fhe Property.
<br />~ f,'^~^:t. '!h pr~c.~ds of any award ar claim far damages, direct ar consequential, in connection with any
<br />canclemnatien nr other taking of the Yroprrty. ar part cnetzof, or for conveyancz in iteu of condemnatiere. arz hc:eby assigned
<br />and shalt t:z pai$ to Lender.
<br />In thz zvzat of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the exc~~s, if any, paid to Borrower. In the event of a pari'sai taking ai the i'-opzrty, t;niess. Borrower and I,zttdee
<br />cthzrwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which ihr amount of the sums s:r_ured by this Mortgage immediately prior to the dais 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 Bprrawer.
<br />df the Proper±y is abandoned by Harrower, or if, after notice by tender to Borrower fhat the condemnor offers to make
<br />nn award ar settle a claim far damages, Harrower fails to rzspand to tender within 3tS days after the date such notice is
<br />ett~.ted, Lzndzr is authorized to collect and apply the prxeeds, at Lender's option, either to restoration or ropair of fire
<br />Property cr to the sums secured tsy this Mortgage.
<br />I3nlzss Lender and Borrower otherwise agree in writing. any such application of prxeeds to principal shaif not extend
<br />or postpone the due data cf the monthly in~taliments refetted io in paragraphs 2 and 2 hereof or change the amount of
<br />such installments.
<br />Ifl. >Sarrosrer Not Relras.~ri. Extersian of ±he time far payment or modification of amortization of the sums secured
<br />ley this h.ortgage granted by Lender to any successor fir. interest of Borrower shat? not operate to release, in any manner,
<br />fi'~, liability of the original Horrawer and Borrower's successors in interest. Lender shall not be required to commeace
<br />grtsczzdings agai*_tst such suceessa: ar refuse #o extend Yi;ne for payment yr otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the a~:ginai Borrower and Borrowers successors in interest.
<br />ll. 1yar~aranre by Lender Plot a Waiver. Any forbearance by Lender in exercising any tight ar remedy hereunder. or
<br />aiiterwise afforded by agglical>ie law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />'I-ltte procurement of insurance or the payrzert of tars ar other hens ar charges by tender shall not ba a waiver of Lender's
<br />righ± Ea accelerate the maturity of the indebtedness secured by this Mortgage.
<br />l~. Rrrtsrd;ts ~amalative. Ali remedies providzdzn this Mortgage are distinct and cumuiaE'sve to any other right or
<br />remedy under this Mortgage or afforded by law ar equvty, and may be exercised concurrcntty, independently or successively.
<br />l3. Snrre~ttrs a:n3 .As+igas )3vur.tl; Soint and Several Faalriia°t='; ~apdons, The covenants arui agreements herein
<br />contained shall bind, and the rights ftereunder shall inure to, the respzctive successors and assigns of Lender and Borrower,
<br />sub~`ect to ih.~ provisions of paragraph t' itP*?of. Aii covenants and agreements of Battower shalt be joint and se.. '.
<br />e captions and headi>sgs of thz paragraphs of ibis R*ertgagz are for canvenieuce only and are not to be usr:d to
<br />interpret or deRne the pravisiars hereof.
<br />l~l, Notice. H.itcept for any natirx required under applicable taw to be given rn another ceuanaer, (a} ,ny .;wti ~ to
<br />Borrower provided for in this Mortgage shah be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address ar at such other address as Borrvv.~er may designate by notice to tender as provided herein, and
<br />(b} any na#ice to Gender shalt be given by certified mail. r:.tum receipt requested. to Lender=s address sated herein ar to
<br />site other addmss as I~.nder may designate by notice to Borrower as provided herein. Anv notice provided far in this
<br />irlortgage shall be deemed to have b*en given to Harrower or Lender when given in the manner designated herein.
<br />l~ *,re,Bor:rt'uo'~~~e; £~are_ r atv; cavertzln7lty. ~'itis farm of mortgage combsnes uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdictson tc cotsstitute a unifottn security instrument cavr*ing
<br />Iu ~u
<br />rt:al property. finis aviortgage shaif oe gv`vcrneu by r ~ law of t ~ ' '-~ittiu-: in nhis.lt th° ~cr°rty is l~t~, In ~~
<br />zven± *.hat any provision er clause of this biartgage or the 1Vaie canRicts t#ith appiicahk law, such eonRict shal4 not affect
<br />other provisions oft artgage or ihz :Tate which can to give.-. effect withassK the can~cring provision. arni fa this
<br />end rite pravisians off t'neeirlortgage and the Mote are declared tc. ce severa:.l.°.
<br />fb. Bertower`s Copy. Borrower shall be furnished a conformed copy of the lvoee and of this Mortgage at the time
<br />of execution or after recordation iteretaf.
<br />IP. Trans€er of the Prols2rty; A~smption. If al! or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding {a} ti,e creation of a Te`ea or encumbrahce subordinate to
<br />th'ss Mortgage, {'a) the creation of a purchase money security interest €cr household appliartces, (c} a transfer by devise,
<br />~?~c:nt ar by a~.ra#ion of law upon the death of a joint tenant ar {d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, tender may, at Lender's option. declare ail the sums secured by this Mort3age to isz
<br />immediately due and payable. Lender shaif have waived sucl: ogtior. to accelerate if, prior to the sale ar transfer, Lender
<br />attd the per-~.-n is tvharn ihz ;;,par ' is to b„° sold a: transferred reach agrwment in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable en the sums secured 6y this Mortgage shaif be at such rate as Lender
<br />stroll request If Lender has waived the c,;=tan to accelerate provided in this garagraph iT, attd if iiorrower's successor in
<br />interest has executed a written assuntYtion agreement acc.eepted in writing 6y Lender, tender shaft release Borrower fram ail
<br />tibiigations under this Mortgage and the r~lote.
<br />Ff `fancier rxzrcises suelt opf3on to accelerate. Lender sl;ail mail Borrower notice of aes~lcrationtn acrordane-e with
<br />paragraph lA hee~of, Such notice shall provide a period of atoi less than 30 days from the data the notice is maned udthin
<br />whici; Bu^.°:awrr r :ay pay the ,erns x~:ared due. f Barawer €sils to pay such sums prior to the exgintian of such period,
<br />Finder may, wi#hau# further notice ar demand en~Bortmver, invoke any retnedies permitted by paragraph 18 hereof.
<br />Nox-II*it~atiM CbvE*tn*rrs. @ottatver and tender further covenant and agrez as fo€lows:
<br />All. ~~sc~l.;.rat~; Remed7es. Rscepi as ~rocided ha paragraph t1 hereof. upon i3cerxower'a breach of app covenant ~
<br />~tce,~at :;f'!?o.°raever sn t Ibfc,e, ittrlndirtg fhe rnvenantc to ~y alien doe any saw sersred by this Mme,
<br />L:fir r an arceler~cloa sutB `ir'e to 38orrawer ~ proves in _ 14 herx4f spcdfylnSs (1} the breach;
<br />{~) the acdost refired W sure-such Irresrrh; (3} s dste, east less than 3fl days fram the dme the nettles ~ mailed to ~orroarer,
<br />bg >rebirta-saute breath mid be rnred; sad (4} that failzfre W care atrch br~.b ear or before rise date i8ed in E~ ttotkr
<br />aesrtlt to of the setae scented by tttis Atortgage, foreclosare by jadicid proceeding attd sale elf the 1?mperty.
<br />' aotlre shalt fm'thrr irdaam'fttrraosrer of:tbe righd to rehwtste after accelerttion sad ibe r~ht to assert in flu forgriosnre
<br />t~ r-ex~tenre of a t3~fa~t or ~y nthtr defer of $errower to accelerntlgn a~ foreele~vare. ff -the fxeach
<br />.is not rrtesd oat or before the date sped&ed i~ the ttatlice, Lender st Y.eader's option may deriare sB of fix same secured by
<br />1tfe~Rge tea lea y dtae anal paYyalde wttbout further demartd sad may foreclose by }~~ p~B• Leader
<br />?~ s~tEr~d to erSBilrt en such sroteeditsg aB eaAe~es of fomclosnre, inch, Intl not Hmitetd to, costs of documentary
<br />evi~trr~t, sbatrach+ end title iegtsrts„
<br />l9. Rareotre>ms 1lt~Rd to Reltasafe. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Hot:ttwzr shalt have the right to have any proceedings begun by Lender to enforce this Mortgag° discontinued at any time
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