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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner ntavideli ~snder nara~aph ? hr~gnf•
<br />Any amounts disbursed by Leader pursuant !a this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Rorrewer secured by this tsAnHoaar ilntpcc $orr^•ve• ~^~+ r r:3er sg~w t- utucr ?crifu of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. sand shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Nate unless aayment of
<br />interest at such rak would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pzratiastok under applicab3e law. Nothing contained in this paragraph 7 shad require Len_ der to incur any expense or take
<br />any a,-tia- !-^-- ndrs.
<br />E. Ittrpectlott. Lender may make or cause to be made reasanahie entries upon and iaspcetions of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonabk cause therefor related to Lender's
<br />interest in the Propertq.
<br />9, Caadeamat~a. The proceeds csf any award or claim far damages, direct ar consequential, in comrection with any
<br />condemnation or artier taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are herebg assigned
<br />and shat[ be paid to Lender.
<br />In the event of a total taking of the Properly, the proceeds shall be applied to the sums secured 6y this Mortgage.
<br />with the excess, if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shad be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the 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 proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, ar if. after notice by Lender to Hcrrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 3Q days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration ar t'ePalr of the
<br />Property ar to the sums secured by this Mortgage.
<br />Unless Lender and Bottower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly instatimenu referred to in paragraphs 1 and Z hcscof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the tome 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 not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend lime for payment ar otherwise modify amortization or the sums
<br />secured by this Mortgage by reason of any demand made by the original Harrower and Beyrower's successors i : interest.
<br />Sl. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise a$orded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />Tne procurement of insurance or the payment of taxes or other Harts or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the taanrrity of the indebtedness secured by this Mortgage.
<br />22. Reacedles Cmaalative, All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised cancurrentiy, independently or successively.
<br />13. Saccemors cad Asalgtts Baand; Ioiat and Several I.iab~fy; Capt~ns. "Rte covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shat{ inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the pruvissons of paragraph T7 hereof. All covenants and agreements of Borrower shalt be joint and severe!.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are ant to be used so
<br />interpret or define the provisions hereof.
<br />!4. Notices Except for any notice. required ender applicable taw to be given in anohzr manner, ta} any notice to
<br />Borrowea provided for in this Mortgage shaft be given by malting suds notice by certified malt addressed so Borrower at
<br />the Property Address nr at such other address as Borrower may designate by notice .o Lender as provided herein, and
<br />(b} any notice to Lender shall be given by certiried mail, return receipt requested, to Lenders 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 />Mortgage shalt be deemed to have been given Eo Borrower or Lender when given in tine manner designated herein.
<br />I5: Us~orm Motig~e; Governing Law; Severah7ity. T nil form of mortgage combiner: uniform covenants far national
<br />use and nor;-uniforms covenants with limited variations by jurisdiction to constitute a uniform security instrument caaering
<br />real propeity. -This Mortgage shall be governed by tfie law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable taw, such conflict shall not a$ect
<br />other provisions of this Mortgage or rise Note which can be given e$ect without the conflicting provision, and to this
<br />end the provisions of the *`ortgage and the Note are declared to be severable.
<br />fi. BotYOwer's Copy. Harrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execrrtian or after reeardatian hereof.
<br />I9, Transfer of the Ptopeety; Assumption. if ail or any part of the Property or an interest hherein is sold or transferred
<br />by Borrower without Lender's prior written vronsent. excluding ta) the creation of a lien or encumbraisce subordmak to
<br />this Mortgage, (b} the creation of a purchase money security interest for household appliances, (c} a transfer by deviu,
<br />descent or by operation of taw upon the death of a joint tenant or (d} the grant of any leasehold interest of three years or Less
<br />not containing an option to purchase, Lender may, at Lender's option, declare a12 -the sums secured 6y this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate i#, prior to the sale or transfer, Leader
<br />and fire pert-ats to whom the Property is to be sold ar transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and shat the intc:est payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph l7, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted is writing by Leader, Lender shall release Borrower from all
<br />obligations under this Mortgage attd flu Nuts.
<br />If Lender exercises such option to asxekrate, Lender shall mail Borrower notice of acceteratian in aceordamce with
<br />patagraph i4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is maned within
<br />-which Borrower may pay the sums declared due. if Borrower faits to pay such sums prior to the expleavan of such period,
<br />Lender may, without further motive or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof..
<br />NvN-UratPOat`t C[tvgxRtvrs. Honower and Lender further covenant and agree as follatvs:
<br />18, A.c~edersthnr, Remus. Tempt ~ prtrrided is paragraph I9 hereof, trpon Borrower's breach of nay eoren~ or
<br />agtrsaateat of )torrowsr hx ~ 14fos$ags, hrciodiag the corenatNs to pay when doe nay copal aecatad by tb~ Mortgage,
<br />%i~er prior to ~ Bbd maB ao$ce ts~ Borrowa~. ~ proyidad is psaage~h f$ herein-y3eg: El) !~ breach;
<br />f3) the actfog retlrabed m dire meh braseh; (3j a date, rot h~ the 3@-days from the date tae aotiea h d to Bormt-ar,
<br />by' svltirh such btattcb rtfmrt t*c cored', artd f4) that fame br cote sneh'breach on ~ before ffit tittle in the mice
<br />~ r~ak :n sc~lea~o of tYe s~ sec4.-ea by ihih ,- try yd ~ ,use sale ~ 3i~c Fre@~fg:
<br />The nMlce shall farther btforsa-Borrower of fhe right to retssrEttte af&r acrelatrAdloe,twd rite tight fo sssett fm the fore~ieare
<br />proceedlag the nou«cxlsteacP of a default or nay other dete~e of Botmwrx to: aceehuatloa and f+trcefoam~ -If the EaeacH
<br />Ca oat cared an ar before ~ -.date ipee~tei-la tftc aotke, herder yt Lfteder's t>¢f&m stay declare ~ of ~e spate eetiacad by
<br />this MtsrtgaEc to be 3mesedFsthly drae a p xtihaat fuct~er deuuutd and may feteelese by Ixader
<br />t)Faii ire eadtied to cs~+tt ~ eft pnueedkng ~ of fer4cta~rc, 3trda, b~ oot ladled to, eos~ of daeatneatny
<br />evidaadr, abstracts and Wla
<br />19. rotree's to Reba Notwithstanding Lenders acceleration of the- sums. secured by this Mortgage.
<br />Borrower ahafl havetbe right to hate ally ps+oceedings begun by Lender to enforce this Mortgage discontinued at any time
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