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<br />Lender's written agreement or applicable law. Borrower shalt pay the amount of all mortgage insurance premiums in the
<br />~ manner provided under paragraph 2 hereof.
<br />Arty amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borsower secured by this Martgagt- Lfnless Borrower and i-ender agree to other terms of payment, such
<br />amounts shall be payable upon nature from Lender to Borrowtr requesting payment thereof, and shalt bear interest Pram the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Nott unless payment of
<br />interest at such rate would be contrary to applicable law, irti which event such- amo•ants shad b°ar interest st the highest rate
<br />permissible under app}icable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />$• £napeerien. Lender rosy make or cause to be made rtasanabie entries upon and inspections of the Property, provided
<br />that tinder shall glut Borrowtr-Mice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Froptrty-
<br />! 9, Condemtmtiott. The proceeds of any award or claim for dams
<br />condemnation or other takin of the Pra ~• direct or consequential, in canntction with soy
<br />g perry, or part thereof. or for conveyatrce in [ieu of condemnation, are hereby assigned
<br />and shall be paid fo Lender.
<br />fn the event of a total taking of the Froperty, the procceds shall be applied zo the sums secured try this Mortgage.
<br />with the excess, if any, paid to Borrowtr. In the tven2 of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agrce in writing, there shall be applied to the sums secured by this Martgagt such pmportian of the proceeds
<br />as is equal to that proportion which the amount of the sums secured 6y this Mortgage immeduately prior to the date of
<br />taking brats to the fair market value of the Property immediately prior to the dart of taking, with the balance of the proceeds
<br />'` paid to Barrmver.
<br />tf the Property is abandoned by Borrower, ar if. after notice by Lender to Borrowtr that the condemnor offers to make
<br />att award or settle a claim far damages, Barro::•er fails to ~.spand to Lender within 3(1 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 or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Leader and Borrower otherwise agree in writing, any such application of proceeds to principal shat{ not extend
<br />ar postpone the due date of the monthly installments referred to in paragraphs 2 and 2 hereof or change the amount of
<br />such installments.
<br />18. Borrower Nat Rei~std. 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 real operate to release, un any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commtnce
<br />proceedings against such successor or infuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage Icy reason of any demand rttade by the original $arsower and Borrower's successors in interest.
<br />2a• 1KOrbearattcs by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy heretmder, ar
<br />- otherwise afforded by applicable Taw, shall not be a waiver of ar preclude the exercise of any such right ar remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Irader's
<br />right to aaceterate the maturuty of the indebtedness secured by this Mortgage.
<br />Y2. Remedies Caarn~t[vt. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />rvmedy under this Mortgage or afforded by law or equity. and may tie txercistd concurrently, independently or successively,
<br />i3. Snetess®rs artd Assigits Board; Iolnt anti Several f.labiNty. Captions. T'Ist covenants a+td agreements htrtin
<br />contained shall bind, and the rights hereunder sha11 inure to. the respective successors and assigns of Ltndtr and Borrower,
<br />- subject to the provisions of paragraph 17 her€of. till covenants and agrcemznts .ref Barrovrtr shalt be joint and several.
<br />The captions and headings of the paragraphs of this Martgagt are for canvenienct only and are not to be used trj
<br />int~ryrtt ar define the provisions hereof.
<br />14. Ntdict. }?xcept fnr any notice vegttired under applicable fav: to be giver. in another mamter. cal any notice to
<br />borrower provided for itt this Mortgage shall be ven by retailing z,tr-h nnr~tt r..- , „ a.a ...,.;1 _w~
<br />St - - .-~ -._ .., it..i.,,,,. .,,m. a ~~ to Barrawer at
<br />the Proptrzy Address or at such other address as Borrower may designate by nt;tice to Lender as provided herein, -and
<br />(b? any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Linder may designate by notice fa Barrawtr as provided herein. Any notice provitftd for in this
<br />Mortgage shall he defined to have been given to Barrow-er ar Lender when given in the manner designated herein.
<br />' 15. LTtdforat Moetgagt; Govtraiag Law; SererabBih. This farm of mortgage camhinta uniform covenants for national
<br />use and non-uniform covenants with Fimited variaiicxts by jurisdiction Lo canstiterte a uniform security instrument covering
<br />real prcptrey. This Mortgage shalt be governed by fire law of the jurisdiction in which the Property is located. in the
<br />event that any provision or clause of this Martgagt or the Nate conflicts with applicable taw, such conflict shall not affect
<br />other provisions of this Martgagt ar the Note which can be given etfeet without the conflicting provision, aitd to this
<br />erxl the provisions of the Martgagt and the Note are declared to be severable.
<br />E6, Etrrmwes`s Copy. Borrower shall bt furnished a conformed copy of the Note and of this Mortgage at the time
<br />of executitrn or after recordation hereof.
<br />17. Transfer of the Property; A,ssamption. If alt or any part of the Property or an interest therein is sold or transferred
<br />by Borrowtr without Lerder's prior written Consent, excluding fa) the creation of a Lien or encumbrance subordinate to
<br />this Martgagt, (b} the ereatior. of a purchase money security interest for household appliances, fc) a transfer by devise.
<br />desctr.t or try operation of law upon the death of a joint tenant ar fd) the grant of any leastisald interest of three vests or less
<br />not containing an option zo ptrmhast, under may, at Lender's option, dee{are all the sums secured by this Martgagt to be
<br />immediately due and payable. Lender shall have waived such option to aectltrate if, prior to the sale or iransftr. Lender
<br />and the person to whom the Proper}= is to be sold ar transferred rtacF, agreement in writing that the credit of such person
<br />is satisfactory to Lender and that ttrc interest payable on tlrc sums secured i?v this ?4farrgagt shalt be at such rate as Lender
<br />shall request. tf Lender has waived the option to accelerate provided in this paragraph 17- and if Borrower's successor in
<br />imerest has executed a written assumption agreement accepted ir. writing by Lender. Lender shat) release Borrower Pram all
<br />obligatictts under this Mortgage and the Nett.
<br />if Lender exercises such option to accelerate. Ltrde: shah mail Borrower notice of acceleration in accordance with
<br />paragraph t4 hereof. Such notice shalt prc?vidt a pcrto~t of net less rhos :St? days from tlae date the notice is mailed within
<br />which Borrower may pay the sums deetartd due. if Borrowtr f>?; ?n ray such sums prior to the expiration of such period,
<br />Lender may, without fetrther notice or demand on Borrower, inv~~>,~: ,tn•. remedies pernrittttl by paragraph lS hereof.
<br />Norr_Uxrraar~t C'avaxnrrrs. Borrower anti Lender farther eavenant artd agtge as follows:
<br />Z8: Aet:tkratioa; Retaedies. Exaropt as prttvidtd un paragraph !? hereof, tw-n Borrower's breach of any rnvenant w
<br />agsetatea# ~ iYorrow~ ht this Morkgage, incladuaR des amenaats to pay lichen Aae arty stems secured by lhi4 Mortgage,
<br />Laxder pr~rr W aeceltrafioa sbaN ~ notice to Bornnwtr as provided is s'.ara);raph is hereof specffyt`sg; flp the breach;
<br />!I) the acNan -a4~`d to rate such btesclr; (3) a daft. aot less than 38 days from iht die ibe satire is taaileti !u Bomswer,
<br />bi 'tvbeeh tteaclt mt3st be rarer s~ {~) that faBare to care sttth bret.rL oa or before the tia~ sptclStd is the notfce
<br />may result in arreFtrafioa trf flocsat~ setared by tl~ !Nottgaste, foreeiosare by ludlcial prroteediag eatLsalt.~ the ProperiY.
<br />aoti:e shalt farther iadtust Borsttvrer ~ the light is reirastafe after aecekratlos sml the right to assert m the fureciosurt
<br />r~-w_i~ tt~ ra::-exktett csf a ile€a~" +tt say ofber defrASe of Somtsver to atceter~6te and fatrdasure if tEbt bmadt
<br />~ ai6t cirrtd an or before the- date specked ht the aoHee, Letfater at Lender's orptlaa ray dtclart aB of the sins secumti by
<br />tl~ Morte Mr' 6e iuttnet3iattly due soft payttfile wiihoat fnrtktr demand sort may foreclose by jtrdleiaE proceednng: Leader
<br />shall be etttiged t® ro}ieckittsmrh ~ ~ =xptases of foretfostsre, mclr?, bnt sot Ihnked to, frosts of doratatyrtarv
<br />- evttlpate, aa~ ta'GpBrt~ -_ - _ -
<br />.~ .~rretnw's Rlgriit to Reiatdah. ?Vatwithstandiug Lender's actxleration of the sums secured by this Mortgage,
<br />Borrower sha-l have the right to leave any proceedings began by tJender to enforce this Mortgage discontinued at any time
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