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<br />Lender's written agteemeai or applicable taw. Borrower chart pay the amount of at! mortgage insurance premiums in the
<br />mannt: provided under paragragh 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon- shad become additianat
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment theeiof, and shall bear interest from the
<br />date of disttsarsement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate waned bt contrary to applicable lax, i» u•Itith event such amounts strati ig~r interest at she high.*~ r~i
<br />ptrz€si€sibk-cinder applicabie taw. Nothing contained in this paragraph 7 shah require Linder to incur any expense ar lake
<br />nay aettan 'riiriu~r.
<br />ti. IaspecN~, Tender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give $arrower notice prior to any such inspiifion specifying reasonable enure therefor rilaied to Lender's
<br />interest in the Property.
<br />9. Cotesltmaaation. The proceeds of any award ar etaim far damages. direct er conse~uiniiat, in cennectian with any
<br />candemtrarion or other taking of the Property, or part thereof, or for conveyance in lieu of candetnnation, are hetetsy assigned
<br />and shed be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shaft bi applied to the sums secured by this Maetgagi,
<br />with the excess, it any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shaft be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is squat to that proportion which the amount of the sums secured by this Mortgage immediately prier to Lhe- date of
<br />taking bears to the foie mazket vahte of the Property immediately prier to the date of taking, with the hatance of the proceeds
<br />paid to Harrower.
<br />If the Property is abandoned by Borrower, ar if, after notice by Leader to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Harrower fails to respond to Lender within 30 days after the date such Halite is
<br />malted, Tender is authorized to col)eM and apply the proceeds. at Lender's option, either to restoration or repair of #ht
<br />Properly ar to Lhe sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of precetds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amaun2 of
<br />such installments.
<br />tti. Borrower Not Released. Extension of the time for payment cr modification of 2moreizatian of the sums secttr~
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shat! not operate to release, in any manner;
<br />the tiabititsr of Lhe original Botrawtr and Borrower's successes in interest. Lender shaft not be required fo commence
<br />proceedings against such successor or refuse io extend time `or payment or otherwise modify amottizatian of the sums
<br />secured by this Mortgage by reason of any demand made by the origins! Harrower and Borrower's successors in Snterest.
<br />TT. Ih'orbearance by Tender Nat 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 rzght ar remedy.
<br />The procurement of insurance or the payment of faxes or other Liens or charges by Lender shall not be a waiver of Lender's
<br />righE to acceitrate the maturity of the inde~ted.....s secured try this MosLgage.
<br />TZ. Remedirs £ueta[attve. All remedies provided in this Rtartgagi art distinct and cumulative to any ether right or
<br />remedy under ibis Mortgage of at!~rrdid tsy Saw or equity. and may hr exercised concurrently, independent}p or succec..sively.
<br />T3. Ssesessers arlt! A~Igas $ouad; Join! an$ Scvesai T,iabt~ity; Captious. The covenants and agreements better,
<br />contained shalt bind, and the rights hereunder shaft inure £o, the n_spective successors and assigns of Lender and Tk,._ :er,
<br />subject io ilt» provisions of paragraph I i hereof. All covenants and agreements of Borrower shall tie joint and ~veraL
<br />The captions and headings of the pazagraphs of this Mortgage are for convenience only and art ~t fc be used to
<br />inte__rnret tv_ d_rFnt; the pr~jvi _ s harnNf -
<br />Y4, Naiifce. Pst«:ept for any notice required under applicabie taw to be given in another manner. (a) any notice to
<br />Bnrraw-ir provided far in this Mortgage shalt be given by mailing such notice by eerii5ed snar3 addressed to Hoaow-er ai
<br />ihi Prouty Addtesa or at szch ether address ac 1arrower may d~°signatt bg• ;re+€ice tv Lender as prm-ided liereia, and
<br />(tr) any notice to under shall be given by certified malt, return receipt requested. io Lender's address stated- herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mar!gage shat! be deemed to have tseen given to Torrower cr bender when given in Lhe manner disignattd herein.
<br />T3. Uuiforae VfortAage; C:overaiag Law; $everabBffy. This form of mortgage combines uniform covenants for national
<br />use and Han-unitoms covenants wizh limited variations by jtxrLediction to c nsLitute a tzniform sPsurity instrument caveriag
<br />teat property. Tt;is Mortgage steal} be governed by the law of the jurisdiction in which the Property is Iacated. In the
<br />event that any provision or clause of this Mortgage os the Note rnnflicts with applicable law, such co;~flici shell not affect
<br />ott~e< prov_3ns of :his Mortgage ar .the Nate which can w given effect without the conflicting provis•:an, and to thr
<br />erd test provisions of the Mortgage and the "tote are declared to be severable.
<br />2te. lltorroerer's Copy. Borrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of ci+:Cis~ion ar after recordation hereof.
<br />17, fi°ea€~fee of fbe T'roptrty; Assumptiote. if ate ar any part of the Property or an interest therein is said or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation o€ a litn of encumbtaace subordinate Ya
<br />this Mortgage, (b) the creation of a gurchase money security intr.-rest for household agpliances, (c) a Framftr by devise,
<br />dts:.eni ar by operation o€ Iaw upon Lhe death of a joint tenant or (d) the gram of any leasehold interest of irate years or less
<br />not containing an option zo purchase, Ltndtr may, at Lender's option, declare art the sums secured by this Mortgage to be
<br />sramediatity due and gayablt. Lender shalt have waived such option to accelerate if, prier to the sate of tzsasfet, Lender
<br />and the person to wham the Property is to be sold or transferred reach agreeatent in writing that the credit of such person
<br />is satisfactory to Lender and that the intertsi payable an the sums sceurtd by this Mortgage shaft be ai sash rate as Leader
<br />shall rtqu~t, if Linder has waived ct;e aptian La accelerate provided in this paragraph l7, and if Borrower's successor in
<br />inzertst has txtcuied a written assumption agreement accepted in writing by Linder, Lender shaft release Horrower from all
<br />obligations under tltis'dor#gaa_ and the Noie.
<br />If Lender exercises such option to accelerate, Lenclcr shaft maiF Borrower notice of acceleration in aceotdanct with
<br />paragraph t4 hereof. Such notice shall provide a period of no>. less than 30 days from the daft the notice is mailed within
<br />which Harrower may pay-the sums dtelarid due. If Horrowtr fails fo pay such sums prior to the expiration of such period,
<br />Ltndtr may, without further notice or demand an Borrower, invoke any remedies permdtted by paragraph 1 g hereof.
<br />Noiv-Lzttzroa:u f'avtsrar: t~s. Borrower and Ltndtr further covenant and agree ax follows:
<br />Tel. Atctierstioa; acetreedies. ;i;s~ ~ p,-ea:' €n y~agraph 17 tersest, upon 1T,orrowers h of nay coreaaa# or
<br />agreemnat sf Borwcrer Ore tbls Mortgage, iuiiudiag the coveaaafs to pay wbea due auy sum stc~rxT by tbbt ti9orf=age,
<br />leader Ts,ler to retina sly arall reefers to 1Jonower as provided is paragitapb 10 hereof apeeiFyiag: (1) the T~eb;
<br />#~} tbs as`tfQn ~ Ece sure satb breath; 43) a daEe, scot Iars ehsa 30 days from the date tl~ aa2ice is eialEed to torrower
<br />by srhfcb brtzcir eat be cured, read 4~ fleet fteBerre to cure sueb breaeb oa or bd'ort the dale ~ set ffie ®afise
<br />~a.:".t ~ `yit6-.a rf the suffi ~arsd by th:s '»9oeigs 4~keatre by jlaT practedl~ Had sale ~ test 1?ropetty.
<br />The Notice shag 4epttber i~arai 13orarrvrer of t@ee right to retasfate after acceleration and. the right to asaext hQ the- famkotve
<br />+sg tbt nos-es~ttite of n defatdt ~• sup other defesise of lirerrow~ to twestterafEoa aruT foteclaaulre. Tf the tut~b
<br />is not tented aeu er before the date spes~`ed lit the aotfte; leader at Leader's eepttoa amy dalatt all of the tiue~ starred by
<br />t 2~e to Aa ttumsd:a#eTy doe t~ payable wiRioat frsrtlstr €~~ sad forerla~ ley $od3cist pesteedbtg. Leader
<br />s`naii ix tatit`itd to collect is each ~ all ezpee~es of foseelbsare, iaett3tBtsg, bnt ant Timed fo, costs of doeameeeteery
<br />evideure, ab9i4racfs cad Ntlareports.
<br />?t~. Yorrower'a R~bt to iTelaagate. Notwithstanding Tender's acceleration of the sums created Icy this Mortgage,
<br />Hottotivtt shall have ells right to bane any proceedings begun by Linder io enforce this Mortgage discontinued at any time
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