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<br />~ Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance ;:amiums in the
<br />~,,, manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />r~•! 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 thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless paymen! of
<br />~ interes*. at such rate would be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />~ permissible under applicable law. Nothing rnntained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereuader.
<br />8. Iaspectlnn. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coademasdan. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof, or far conveyance in lieu of candemna8an, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a iota] taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the excess. if any, paid to Borrower. 1n the event of a partial taking of the Propem•, unless Borrower and Linder
<br />otherwise agree in writing, there shall bi applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that preporrien which the amount of the sums secured by this Martgage immediatey prior to the date of
<br />` taking beats 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 abaodontd by Borrower, ar if, after natice by Lender to Borrower that the condemnor often to make
<br />an award or settle a claim for damages, Borrower faits to respond m Lender within 30 days after the date such notice is
<br />mailed. Lander is authorised to rnlkct and apply the proceeds, at Lenders optioa, either to restoration ar repair of the
<br />Property or ro the Burns stcttrrd by this Mortgage.
<br />Unless Lender and Harrower otherwise agree in writing, any such application of proceeds tr principal shall not extend
<br />or postpone the due dart of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instailrttents.
<br />16. Earms-er 1Vot Reiea9ed. Extension of the time far payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any sttccessar in interest of Borrower shall hat operate to release, in any manner,
<br />the habtTih of tM original Hartower and Harratver's sttccesson in iflic ~!. L~ ~ sh 1 :tit b,° .~.,uir°~ *,o c`-`tt'-='-'~a"x
<br />proceedatgs against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the anginal Harrower and Borrower's successors in interest.
<br />-li.-.iFasiexaaee iT Lades Diet a tiYaiver. An}' farbearancc by Lender in exercising any right or remedy hereunder, or
<br />o$Iefwist affor'detl b3' applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />'i~ttcarnaatt of insurance ar the pnvment of taxes ar other urns or charges by Lender shall hat be a waiver of Lender s
<br />aigltr'to aecclrnte rite maturity of the indebtedttess secured by this Martgage.
<br />12. 1R>~e~ Ct®daHre. -411 remedies provided in this Mortgage are distinct and cumulative to am other right or
<br />remedy under this Mortgage or afforded by taw ar equity. and may be exercised concurrently, indtptrtdently or successively.
<br />13. Saccesssas ad A~ipts Bo®d; Ioiat turd Several i.iabt'1ity; earpuow. The covenants and agreements herein
<br />contained shag bind, and tht rights hereunder shall inure to, the respective sttcrosers and assigns of Lender and Borrower,
<br />suhjext ro tht previsions of paragraph i? hereof. Alf cavrnatus artd agreements of Hormwer shall be Daint and several.
<br />The captions sled headings of the paragraphs of this Mortgage are far convrniettce only and are hat to be used to
<br />intetptet ar define the previsions hereof.
<br />14. 1Vstiee_ £tccept for any notice required under applicable law to be givrn in another manner. (al any twti,ro to
<br />Hoa-rverer provided for is this Martgage shall bt given by mailing such notice by certified mail addressed to $turower at
<br />the Property Adtiitss or a2 such miter address as Borrower may designate by notice to Lender as provided herein, attd
<br />Ib) say pollee to Linder shag be givut M certificxi mail, mum receipt requested. to Corder s address stated herein or to
<br />azch miter u Leader may designate b}. natice to Bam~wir as ptavided htttin. Any notice provided far in this
<br />Mortgage :hail be detateed to hate beext given to Borrrnver ar Linder whm gixrn in the manner designated herein.
<br />15. lietrsese Miasl~e; Gevcraiag Law: Sevein>idky. This farm of mortgage cambittes uniform covenants far national
<br />use sad aoa-uniform mvenanta with litait~d variations he yurisdicticnt to constitute a un:farm ,xurity instrument Mvering
<br />teal prc+perty. lltis Mortgage shall be governed by the low of the jurisdletion in which the Property is }orated. In tl~
<br />e+aen[ that any provision or clause of this Mtnxgage ar the tints conflicts with applicatsk law, such conflict shall riot affect
<br />otitr ptovrsitxts of this Mortgage or the Note which can be glum sliest without the aottflic[ing provisioa, and to this
<br />tax! the ~n°isirms of rho Martgage a~ tip '~t~t air 3alarod to lac ~~alde.
<br />lti. Heeseactr's CsPy, Homtwrr shaA be furnished a canfitrmrd copy of the Nale artd of this Mortgage at tht time
<br />of etttxtxian or after rercadatioa hereof.
<br />17. 'flreaafer i fie hapat3: Asata~uaa. If al! or any pen of [ix Ptaperty or an interest therein is sold or transferred
<br />by Borrower without I.rnder's prior written rctttxnt, excluding Cat the creation of a lien or encumbrance svbordenate to
<br />this Ltortgrtge, tbl the creatio:t of a purchase rnarKy securin^ ia[irest for hotuehaid appliances, tcl a traffiftr by devise.
<br />dacmt os• by operatioat of law upon the death of a joist teapot or tdt the grant of any leasehold interest of three years or less
<br />sot aontaioiag an optiere tat putchase. Lender may, az Lender's option. 3cclatt all the sums secztred by this Mortgage to bi
<br />immet~atdy due sad payaE3e. Leader shall halt w-arved ash option to accelerate if, prior to the Bak or transfer, Lender
<br />and ~e pt~ w whttm the Frappe}' is to be saild ar trsrtsfnrred ttash agreement in writing that the credit of sttch person
<br />g satiataaary to Lender and that the iatere~ pa}~ble an the sums secured b}' th13 Martgage shall be at such ra[e as Lender
<br />~ r+xlueta. If I.eodei has waivod tic option to accelerate provided in this paragraph 1?. sad if Harrower'::ttcceaor in
<br />iata~t has r a wriztrst mautnptitret agrerwmi aczrpted in writing by Linder. Lender shall release Harrower from a3i
<br />oT trader tits Martgage earl tie No6e.
<br />If I.rmdrr ett:rists StrCit ppean to ttxderate, Lender sh:li mail Borrawcr notice of acceleration in ac:.ardattce with
<br />parftgtaph 14 hessof_ Such haste shall paavido a period of nor ices than 30 $ays from the date the paters ix matTer! within
<br />aiici Borrower ttsay pay the sums dtxiared dtas- if Borrower faits to pay wch Bolas prior [o tits expiratitm of such period..
<br />Leader taay, wi[I>atH further novtt or desnaad an Borrawrr, thuds any r'etlfedlef permitted by paragraph 1 B herayf,
<br />ItiaN-[3•rtpttty Cos*gtat+ns. Hoxro~rsr artd Leader further catinant a»d agree u fallavs:
<br />1H. Acoeieeafir, Btataetiis as pseiid a 1 iT iet~, ~ #arraatzs': 5aaari st aay terms w
<br />tapir pisrsf aeraiearriaa aisiasskx alto liassawer as ptsviattd ~ }atrgcapi llvisyeef a~ec~IN6: (t) tie laear'i~
<br />(~ doe attic aspired d arse sari IerwrclK f3! a tale. stet leas tips 3Y sLya fraw tic tLtm tit aeuee i asdeo to laarower,
<br />is riii .lei it:adr swat is eaeet~ aai !~l put faire w ewe sect teasel M ar ttatars tie tfame ate 1^ tie ..use
<br />try leant la ae~alfsa t[ ti aa~s aee'tai iY iii ifsefyge, fareekse try prdlcii lwcosd~E >r ask d tie t'ra'PsKy.
<br />31se t>s6ae ttistti ~r is[atas Bassesrr d use ~ ~ scitasttx adee ~ sad tie eiigit w asses is ute faeeclaaee
<br />gwsatttisH 11Ye ash st a iefaait K ctrl' odrv ddtaue d ,'g~anowsr M aix~entloa ai fereeiawe. tf tie brvaei
<br />i sot asstl ea ar laiese tiYe isle t L tie rides. lwseier ss I.gies's o~tiaa wal declare as d eii aaru aeearsd bg
<br />tltri lrisMpie to ie it~tl• tae last }a~aik wifioat tsirtiex ieauaa sad .aq foreeJeae by jedkial raeeeiiK. Lader
<br />iii k eaA9ei tr atileet it twee ~eacvaitei sr eE #asee3estrs, itdaigl> twt set Hadted to r~s of ~etseeeatary
<br />e*iiwiaq ailbetf sad due e
<br />,~, lasseawy ~ b )~. Notwithttaadiag Iander's aacekrarion of the sums secured by this Mortgage,
<br />Bamw~er Barre tie ~ to 1wK say prnceedin~ begun by Leader [o mfortx this Mortgage discontinued at any time
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