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<br />Ixnder'.s written agreement or applicable Saw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant ko this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by [his 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 :hereof. and shall bear interest from the
<br />date of disbursement ae the rate payable from time Yo time on outstanding principal under the Nate unless payment of
<br />interest at such rate would be contrary to applicable law, i!m which event such amounts shots bear interest at the highest refs
<br />perin!ss!i'rle uno'er apgiieabie taw. Nothing eanta!ned in £his paragraph 7 shalt require Lender to incur any expease or take
<br />any action hereunder.
<br />tf, f~perttan. Lender may make or cause to be made reasanahle entries upon and inspections of the Property, provided
<br />that Lander shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interesk in the Property.
<br />9. Co~ettr~tion. The proceeds of any award ar claim for damages, direct or consequentia}, in connection with any
<br />sondemnakion or o±tter taking of ttte Property, or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shat! be paid to Lender.
<br />?n take avert[ of a total. taking of the Property. the proceeds Shall be applied to the Berms secured by this Mortgage,
<br />w•iih Ute excess, if any, paid to Borrower. In tike event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shalt be applied io the sums secured by this Mortgage such proportion of the proceeds
<br />as bs equal to that proportion which the amount of the sums secured by this ?corgage immediately prior to the date of
<br />taking beats to the fair market valve of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandotked by Borrower, or if, after notice by Lender to Borrower that the condemnor otters to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />matted, Lender is authorized to cotlec£ and apply the proceeds, at ?xnder's op{ion, either to resforaiion or repair of the
<br />Property ar io the sums secured by this Mortgage.
<br />Ltnless Lender and Borrower otherwise agree in wriring, any such application of proceeds to principal shall got extend
<br />or postpone £be due date of the monthly installments referred to in paragraphs 1 and Z hereof or change the amount of
<br />such installments.
<br />29. Borrawrr Not Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this Mortgage grarmted by Lender to any successor in interest of Borrower shall vat operate to release, in any manger,
<br />the liability of the original Borrower and Borrower's successors in interest. bender shalt vat be inquired to eotnanence
<br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />seeierod by this Mortgage by reason of any demand madr by the origins! Borrower and Borrower`s successors in interest.
<br />22. Porfinearaace by Leader Not a Wairer. Any forbearance by Lender in exercising any right or remedy hereunder: or
<br />otherwise af€arded by appt'kcable taw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />'?lie procurement of insurance or khe payment of taxes or other !fens or charges by Lender shalt no£ be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />23. Remedies Cmrmalative. A11 remedies provided in this Is^sortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity, and may be exarci;ed concurrently, independently or surcessivefy.
<br />23. Sneccatsors and Assigns Bop•td; 2oiat amt Severat T.iabHFty; Captiamxs. The covenants and agreetrments herein
<br />contained shat! 172nd, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Harrower,
<br />subject za the provisioas of paragraph 17 hereof. Alt covenaats and agreements of Harrower shalt be joins and ssve_.e-
<br />Tne captions and headings a# G'3e paragraphs ~€ this Mortgage are €or convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />2a. Notice. .Except for any notice required under applicable law to be given in another manner, ta} any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by rettifled malt addressed to Harrower ak
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(bj gay-notice to Lender shalt be giver. by certifted mail, return receipt requested, to Lender's address mated herein or to
<br />suctk otfier address as Lender may designate by nakire to Harrower as provided Imereir.. Any notice provided for en this
<br />Mortgage shalt Ire deemed to have been given to Borrower or [,ender whga given in the manner designated herein.
<br />2=:, ttet#orrrk Mortgage; C-avcsn3n$ t tee; 5cveraty. This fora a# martgagt rombin~ un,•farm ro~rananr> for national
<br />use and non-uniform covenants with limited variations by jurisdiction to cotkstituto a uniform security instrument covemirmg
<br />,gal pragert-y. This Moregage shall be gavernea by ins taw of the jurisdiction in which the Property is (orated, In time
<br />event that any provision or clause of this Mortgage ar the Natr conflicts with applicable law, such conflict shall vat affect
<br />other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and ±o this
<br />end £he provisions of tike Mortgage and the Nete era declared to be severable.
<br />26. Borrower's Campy. Borrower shall be furnished a conformed copy of the Nate and of this Mortgage a4 the time
<br />of execution or after recordation hereof.
<br />27. ~'raasfer of the Property; Assumption. 7f a!i or gay pan of the Property or an ini2r-get therein is sold ar transferred
<br />by Borrower without Lender's prior written consent, excluding (a} the creation of a Lien or encumbraare subordinate to
<br />this Mortgage, (b} the creation of a purchase money security interest far havsehold appliatkres, dcj a transfer by deviag,
<br />descent or by operation of taw upon the death of a faint tenant or (tit the grant of any !easehoid interest of ¢hree years or less
<br />vat containing an option to purchase, Lerkder may, at Lender's option, declare ati the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shalt have waived such option to accelerate if. prior to the sate or transfer, Lender
<br />and tree person to wham the Property is To be sold ar transferred reach agreement in writing that the credit of such petsoa
<br />is satisfactory £o Lender and that the interest payable on the sums secured by this Mortgage steal! be at such rate as Lemt~
<br />shalt request. If Leader has waived the option to accelerate provided in khis paragraph 17, aad if Igosrower's sttcressot in
<br />interest has executed a written assumption agreement accepted in writing by Louder, Lender shall release Borrower from art
<br />abi!gatians under this Mortgage and tike Nate.
<br />If Fender exercises such opkian to accelerate, Lender shat! mat! Harrower notice of acceleration in accordance with
<br />paragrpplt 24 hereof. Such notice shad providr a period aF vat less than 30 days from the date the notice is maned within
<br />whrh Harrower may pay the sums declared due. t# Bcrrawer f"sits ro pay such sums prier to the expiration of such period,
<br />Leader may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 ImereoL
<br />Nox-tlxtFOast Covvf rvFrtts. Borrower and Lender further covenant and agree as follows:
<br />2$. Aereleaatiara; ~~~ Except as provided is paragraph 17 hereof, upon ]i{orrower's hr+each of any coveasat or
<br />agrtemeaf of Borrower in thh Mortgage, ~ tbt rovenaats fa pay when titre any saw saurd hp this More,
<br />t.e9der Ga a t<k Lorsnvrsr sa provided ~ par>.mr~h td !z£rrof aptctfyi~; d2) the Ttmch;
<br />(2} flee acttoa rsq~rsd to erns scorch hrektch; d3) a ,-not less than 3U days frost tiro date the notice ~ maarled to Boisower,
<br />by whklkk breach rrm~ Coe cured; and dot teat-taBare to sure such breath o® or txlore the date speei6eel tins fice ice
<br />msq! reams irr x~cderathat of fhc sums sscarsd t+F this h2orlg~e, foretlosare by ~ ~ and oafs ~ ~ ~P~y-
<br />1'he rathlce s festhcr harm Borrower of-the. right to cetashte after accekratba and free right to avaerE Im the forscloaure
<br />~ aoa-ex56eace of a dsfnrdt or awry. othu defer of Borwwu to accekratiaa and f®rsdoaurc. 2f tyre breach
<br />it-rot eared en or tears the date spud is the notice, Le®det at.Leeder's opfioa umy declare aB of rue secured by
<br />Makrt$t~e to he immsdtatkdy due and payable wkhout Farther deraared and may forectoae by judiei:t ptncerdi~. Leader
<br />at¢~l ba autd 44 coNect its sash ail eagsr of f'ores#o~re, , snit get tiat#ed to; € of do€eay
<br />erohisacs, abatracM amt 6~ rspotds.
<br />2~. Borrotrsr's $iSht ~ Refrtstate: Natwithstaadirtg Lender's acceleration of the -sums secured by this Mortgage,
<br />Harrower strait-have tike right to have any proceedings-begun by Lender to enforce this Mortgage discontinued at any time
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