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<br />leader's written agreement or applicable law. $orrower shall pay the aatauat of all mortgage insurance premiums in the
<br />manner pt'oeided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant fo this paragraph 7, with interest thereon, shalt become addlCional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />-ha ~ -bc 1`.. "" fr:.i : Lr_:d~r t ` $::rr^we," nor rl,.Ra~nf 9nd chatl fs~ar inte~mMt frcun the
<br />`iiCtinia a 1. p°nya le atnxn rrv.iw -- .:. r"`gtt^.,st3n~,° pa,:.._... .. .. _. _..
<br />date of d'csbursemcnt at the rate payaltla front time to time on outstanding -principal under the Note tmless payment of
<br />interest at such rate would be can#cary to applicable taw, in which event such. amounts shalt bear interest at the itfghest rate
<br />permissible under applicable law, Nothing contained in this paragraph 7 shall require Lender is incur any expense or take
<br />any a~.ion hetaur.
<br />8. Y~a._ Lender may make or cause to be made reasonable entries upon and inspectiarts of the Property, provided
<br />That Lende€ elicit give narrower notice prior to any -such inspectsor. specifying rasvnable cause therefor related io L,°ndzr's
<br />interest in the Property.
<br />9. £oadtmnatioa. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or oilier taking of-the Property. or part thereof, or far conveyance in Lieu of eandemnation, ate hereby assigned
<br />and shalt be paid to Lender.
<br />.n the event of ? tot21 taking of the Property, the proceeds shall ta: applied fo thz stmu secured. by this Mortgage.
<br />will: the excess, if any, paid to Borrower. in the event of a partial taking of tfie Propert°~, tmfess 13orrawer and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the Israceeds
<br />as is equal to chat proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />toBeing bears to the fair market value of the Property immediately prior to the date of taking, wish the balance of the prace~s
<br />paid to Borrower.
<br />ff the Property is abandoned by Borrower. ar if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim far damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed, Lendttt is autharixed to rnttect and apply the proceeds, at Lendei s option, either to rest©ratian or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application. of proceeds to principal shall not extepd
<br />or postpone the Sue date of the monthly installments referred to in paragraphs 7 and 2 hereof or change the amount of
<br />each installments.
<br />F$. &:rrawer Net Bele~d. Extension of the time for pa}:nent or modification of amortization of the sums secured
<br />by this k:ortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner.
<br />the liability of the original $orrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />~sur~f by this Martgagc 6y reason of any demand made by the original Batrawer and Borrowers successors in interest.
<br />Ft. Forltearanet h3' Lawler Not a 3Vaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise atforded by applicable taw. shall not be a waiver of or preclude the exercise of any such riglst or renie-Sy.
<br />Tht procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender`s
<br />right to accelerate the maturity of the i..debtedness secured by this Mortgage.
<br />32. Rtne £t~aiatirt. All remedies provided in this Mortgage a;~ distinct and cumulative to any other right ar
<br />remedy under this Mortgage or atfotded by taw or coolly, and may be exercised concutrentfy, independently or successive.:,
<br />E3. and y ~=-t~ ;3otmd; IoFpit an~3 5everat Lial~itg; £aptions, ":he eaveitaafs and agreetr~atts herein
<br />contained shalt bind. and the rights hereunder shall inure tq the respective successors and assigns of Lendei• and Borrower,
<br />subject to the prtvis'ians of paragraph I? lrereaf. Ali covenar.~s attd ag«e :marts of 13arrawe: shall be-joint a;:d several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are nut to be used tti
<br />interpret or define the provisions hereof.
<br />i4, F:e. Except for any natitx< requin~tl wader applicable taw to be given in anittt~r manner, fa) any notice to
<br />Borrower provided for in thf€ A~fortgage shall be given by maittng such notice by certified mail addressed to Borrower at
<br />the Property Address ar at such other address as Borrower may designs€e by notice let Lender as provided herein. and-
<br />(b) any notice to Lender shalt be-given by certified mall, rewrn receipt requested. to Lender's address stated herein ar to
<br />such other addttss as Lender may designate tsy notice tc Bormwer as provided herein. Aoy notice. provided for in this
<br />RRr..sa~ Intl M ,~r _ Sri ra k~~_ t~~n giv~~±..fa F~auerwgr n* ~~?_v sy£~n aiv^;i in Log m~nnPr dp~i~a#ed lt4T?it5.
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<br />95, t:3aBotrtt Afottg~e; 4loverging Law; Stverasal7ty. This form of mortgage combines uniform covenants far national
<br />^se and non-uniform covenants with limited variations by jurisdiction to cons±itute a uniform security iastrumeni severing
<br />.:.at properf-;. :'bis ivies igagc shalt r~ govzrrt~.i by the 'aw cif the jurssdi,:tian in Hh ilia Property is ttxatw. ;n 1r•:t
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall nut affect
<br />other provisions of this Mortgage or the Note which can be given eHe;t without the contlicting provision, and to this
<br />end the provisiar.s of the Mortgage and the Note are declared to be severable.
<br />Y8, Borsvver's £apy. Burrower shall be furnished a eon€atmed cropy of the Note and of this Mortgage at the tithe
<br />of exceution or after recordation he:taf.
<br />79. 7'tamFer of tree Property; Auaiption. if alt or any part of the Propem ar an interest Lhercin is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (at the cteatioa of a lien ae encumbrance subordinate to
<br />this Mortgage, {b} the creation of a purchase money security interest for household appliances, (c) a iraasfer by devree.
<br />de~att or by a~_=±~n c"--a~= upots the r!~^a`h ref a ;clot tenant ar (d} the grant of any leasehold intsn~t of theree yeah or less
<br />not Containing an option to purchase, Lender may, at Lender's option, declare alt the sums secured by this Mortgage to be
<br />immediately due and payatk. f ender sl?alt t,,tve waived such aptian to accelerate if. prior to the sate or transfer, Lender
<br />and the person to whom iftc Property is t~~ ire sold ar trans€erred reach agreement in writing that the credit of such person
<br />is satisfactory to Ltndcr and t?tat the interst payable on the sums secured by this Mortgage shaD tee at such rats as Lertder
<br />s.}tali re<luest. if Lender has waived the o~ian to accelerate ;~roeided in this paragraph 3?, and i€ 8otxow^tr's successwr in
<br />interest has exec+~ted a written asseernption agreement acceptac' ir. writing by Lender. Ixnder shall rclezse Borrower from all
<br />abligatians utxter thLs Monte attd tbe t'4,fle.
<br />if t.endar exercises such option to accelerate, fender she!! mail Borrower notice of acceitratism in accardattct with
<br />paragraph la hereof. Such notice shalt provide a period of not Tess than 3(3 days from ftx date the notice is mailed within
<br />which Borrower may pay tht sums declared due. if Borrower fails to pay such sums prior to the expirattan of such pettiod,
<br />Lender tnay, without furtlxr notice or demant3 on Borrower, invoke any remedies permitted by paragraph ig hereof.
<br />Nttt't-Uxst~ttta {:ovaxtatTS. Banowtr and I,endsr further cavenam artd agr~ as faltows:
<br />1["~. A )€xtapt ~ pro~idtd tin paragraph l? htreoF, upon tSarrorver's lxtaeh of any cevemst ~
<br />ngri:etnzut of Bortot~tr 3n ittis Mor~rgc, 3aclnding the covenants to pay when due any same secured h'Y this Moalgage;
<br />Wider Briar to attxTaa akAB nttidce ~ lttsrr9war as provided is paragraph 14 htre~ splCtfyiad: (1} ~ iriEach;
<br />(3~t3te ecii~ teg~cd to tare each ixcath (3] a d~ aqt itwsa 38 days from the date flit aotltx is rallied to 7Borrower,
<br />?ey Ala ae~ ~te~a+t ~ enrt~ clod fdl F~srt to cwt s trreash ~ or ieFern ttse Batt in ilte notict
<br />taBS- result; is of the cams sttatee6 hg ~ ~ fortcire ffy jadkid procetdi~ and ode of the tEtropeirty.
<br />TES 8n$i.Ct_tihdt-Ft~thirr iadtetas lflorrawtr af-ftrt r~ht te,9C after accteitratiion-arid tht right.to_amsrt a tht-fOi'Or't
<br />p tie- ~ H daft ~ say atirm' titftrbt of t~orrawer to asetlMattan aHd -Fortdosace. ~ ttte trreszh
<br />is cot taT~9-60 ar ~frure Eh[ .' aptt ~ ~ Iakffeta Lt4dEr at Leer's n may dtC>;art ~ of tlhe sa0s sttaned by
<br />~s 7V#nr#~ge,to ht imnreeFhttDy due ssx9 payabh wlth+rtd further demand sad maq Fartetaer• lay Jadicid praceeCti~. Lt~er
<br />a br entitled to totkc2 ~ such proettdiag a$i tap~e~s eF forceiasnf+s, led, bat not t6tnked ta, costa of dacanttntary
<br />tv~trdte, sddttratta and tfl$S repoaffi.
<br />i9: iltotiawet's Rtght to Rt3mtaSe. Notwithstanding Letxlei's acetferation of the- sums secured by this Mortgage,
<br />Borrower shalt have the right to have any proceedings begun by Lordtr to enforce this Mortgage discontinued at nay time
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