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<br />{_ender's written agreement or applicable law. Borrnwer shall pay the amount of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed ny Lender pursuant io this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to ether terms of payment. such
<br />amounts shall be payable upar. notice from Lender to Borrower requesting payment thereof. and shall near interest feom the
<br />date of disbursement aY tfie rats payable from time to time on outstandmg principal under the Nate unless payment of
<br />.ni~ra.,l ° ah ~~ s Q'^'•id be ^^"Yra., *.•.'. applicable t~~„ ;n wh;th evenr tench an,o~xnts shall liar interest at the highest rate
<br />permissible uudsr applicable Saw. Nothing contaiired in ibis paragraph 7 shaft require Lender to incur any expense or take
<br />any action heeeaadsr_
<br />$. l;nsptctioH. Lander may make or cause to be made reasonable entries upon and inspections of fhe Property, provided
<br />that Lender shall give Borrower notice Briar to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />;rosn~ra: a^'~s .. The p:weods of any award ar claim far damages, d:reot a.* consequential, ir. cannesiion with any
<br />condemnation or other taking of the Property, ar part thereof, or far conveyance in lieu of candemnatian, are hereby assigned
<br />and shall be paid to Lender.
<br />In Ehe event of a total caking of the Property, the proceeds shaI! ten applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid is Borrower. In the event of a partial taking of the Properly. tmless Borrnxer and- Lender
<br />atlterwise agre.=, in wziting, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which fhe amount of thr, sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the pteeseds
<br />paid to Hormwsr.
<br />If the Property is abandoned by Harrower, or if. after notice by Lender to Borrower that the Condemnor offers to make
<br />an award er settlt a claim for damages, Borrnwer fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is autbori25rd to called and apply the proceeds. at Lender's option, either to rrstaration ar repair of the:
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lsnde: and P.a€roa•er athQrwise afire: 'sn writing. any such application of proceeds to principal shall hat extend
<br />or postpone the due date of the monthly insiaitmenis referred ea in paragraphs t and 2 hereof or change the amount of
<br />sack installments.
<br />2$. Borrower Prat Reieasetl, 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 shall hat operate to release, in any manner,
<br />th° Habitity of the original Hana:,-er and Borrower's successors in interest. Lender sha21 not bs required to commence
<br />pratcedings against such successor ar refuse to extend time for payment or otherwise modify amortization of the sums
<br />scs:ured by Yhis Mor*_gags by reason of any demand roads by the original $orrower and Borrower's successors in interest.
<br />1I. IF by Leader Plat a <3Naiver. Any forbearance ny Lender in exercising any right or remedy heretmder, or
<br />cti•:Das•.e aLfarded by ap~itanls law, shall Hal be a waiver of or preclude the exercise of any such right ar remedy.
<br />'The pracuretnsnt ofsnstrrance or the payment of Yaxes or other liens ar charges by Lender shad not be a waiver of Lender's
<br />right ea aCCelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. 1ttHredies Camu~ka Alt remedies provided in this Mortgage are distinct and cumutatsve to any other right or
<br />rmtdy under this Mortgage or a$arded by 'taw or equity. and may tie exercised eancurrentiy. independently ar successively.
<br />i3. ~rcesstrrs arm Are Bound; JoiaY and ~veral Llattdity; Captions. The covenants and agreements herein
<br />Containsf shall hind, and the rights hereunder shall inure to, rite recpettive suCCessars and assigns of Lender and Harmwt_
<br />sunj~i to the pr3visirsns of <«?sgraph 17 hereof. Ati rnvenants attd agreements of Borrower shall be joint and several.
<br />:'ire captions and headings of the paragraphs of this Mortgage are for convenience only and are teat [a be u~d to
<br />.. d~~ ,Ee ...... ~ ln.e..F
<br />, n,xcrpric ee Y:u v.ai .Ra
<br />14. N~iee.~ Except for^any notice required under applicable law to be given in another matmer, (a} any notice to
<br />l~rrawcr provided far in this Mortgage shall be given by mailing such notice by certified mail addressed to Bonawer at
<br />try P. icy A.~,dre;s ar at such athzr address as Bcrmw<_r may designate by naii:,e to Lender as provided hen..iti, and
<br />t`n) any notice to Lender shall be given by cerii6ed mail, return rece'spt requested. to L.endet's address stated herein or to
<br />sock other address as Lender may designate by notice to Horrower as provided Herein. Any notice provided #or in this
<br />Mortgage shall be deemed to have been given to Borrower or 1_endsr when given in the manner designated tri.;w°n.
<br />t3. 'Lttifasur Mortgage; Governing Law; Severabitity. This farm of mortgage combines anifarm covenants for na6onai
<br />- ~md ^_.- ntfi_rarm ~ovenaas with t-~rrti*ted vari~rzntts by jurisdiction to Constitute a zinifarm security instrument revering
<br />real propsrtyn. This Mortgage shalt be governed by the Saw of the jurisdiction in which the Properly is Located. In the
<br />event that any gmvision ar clause of this Mortgage ar the Noie conflicts with applicable law, sttth condiCt shalt net affec#
<br />v b_ rw - of ih 'vlartgag°v er •h° No nhic can w gi: e$ett wii}raut ens ccrrfl;rt3ag provision, attd Ya tl±is
<br />end the provisions of the lt'ortgage and the Note are declared to 6e severable.
<br />1S. Borrower's Copy. Borrower shall be furnished a canfarmed copy of fhe Note and of this Mortgage at the titre
<br />of execution or after retardation hereof.
<br />1?. 'T'ransfer of the PropetRy; Assnmlation. tf all or any part of the Property or an interest titcrein is sold or transferred
<br />ny Borrower without Lender's prior written cansem, excluding (a) the creatiaa of a lien or encumbrance subordinate to
<br />this Mortgage, (b} the creation of a purchase money seturih• interest far hou~hold appliances, (c} a trarssfer by devise,
<br />dastent ar ls}' operaiian of law upon the death of a joint tenant or tdl the grant of nay teaxhald interest of three years or Tess
<br />not containing an option to purchase, Lender map, at Lender's option, declare all the sums secured by this Mortgage to be
<br />itatnedtaf>_ly due and payable. Leader shall have waived sorb option to atcelerare if, prior to the sate or irons#er, Lender
<br />^^w'lte pMa... •^•L;~^m i;.e 1'-ap~~y is to k=r sold or transferred reach agreement in writing that the credit o£ such person
<br />is satisfactory to Lender and that the interest *<-ayable art the sums secured by this Mortgage shall be ai sntclt rata as Leader
<br />shall tz~uesf. if Leader has waived the a£»ion to attsferate pry+ided in this paragraph 27, a~ if Horrower's strecessar is
<br />interest leas executed a written assumptiar. agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />ob2igatiatts under this Mortgage and the Note.
<br />If Lender ezsreises such option to accelerate, Lender sh li rtaii Horrnwet notice of acceleration in acxordance with
<br />paragraph 1~ hereof; Such notice shall provide a period of net less than 30 days from the date the antics is mailed within
<br />which Borrower may pay the sums declared des. Lf Horrawer fail=_ to pay such sums prior to the expirntion of such period,
<br />Lender may, without farther ntxic~e or demand on Borrower. invoke any remedies permitted by paragraph i8 hereof.
<br />Piox-IJN&F6Rt+a Covirtat~:s. 1"sarrawet and Lender further covenant and agree as €olloas:
<br />18. Accslt?retdoa, Reme Except ~ provided is paragrapk 17 hereof, trpon Borrower's breach o€ wry coveuaaf or
<br />agreeaaent of Borrower in-this Moetg~e, inet the rnvenaots to pay when drre ~y wims secured by this Mortgage:
<br />Letsder poor to iet[sttsn ~sH soKce to $aerrtrwer ~ provided iH par~raph 14 heaeef ~tecifying: {ly the breach;
<br />(2) Ehe artilrp rt~isire~ to care sash hrraCht (3} :date, not less than 36 days from the date the aolkt is tamed to Btrtrawer,
<br />by tt each tma~ rot be artreth and H$ that faRare to care ~h hr+earh oa or 6etore the rate speeif~ti is the erotica
<br />easy resell ~ ta~aua of the satyrs seceared cry Eris ifor~age, fartzlaaare h- ~ proce~edi~ aHtl sak a[ the Rrggeriy.
<br />Tl~ n!tetice fts~ter i~fernt Borrower ~ the right to reiaatue alter xceeleratJioa and the right to assert is rho foreclosare
<br />the aces-exiatetace e€ a default oe any ot'aer defe~e of Borr»wer to acceieratlon ,rod torxclosum. Tf the breach
<br />la toot eu~ed on oc before the Bide tapeciBtd IH the Holies, Tender at Larder's option ffiay tleiels>e a~ of 81e sums secured by
<br />£h~ M to tae' tip sm1 payrdde s~ fsrrther sitzuand ~d tmmay foreclose by ~ pry. Lender
<br />eHtBled to eogect tat geed proceedhtg rdl esgrases of fotreclastrre, inclt:diag, ba# Hot Iitathed to, costs of documentary
<br />evidence, shslracls sad Title reports.
<br />1$, Borrowerrs >g to ea~.rQ- Notwithstanding Lender`s acceleration of the sums secured by this Mortgage,
<br />Barm-vsa shall have tlse right Sb leave any proceedings Hagen by Lender to enforce this Mortgage discontinued at any time
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