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<br />L+ssa~dec"s vvratrc~~en ~~a~gretrrftot av a~ppli~ea~ble 3tsw. Barrc~~er rl pay ffhe amsaraintt of nll rncsrtgage lunsurantx prentiurns in ells
<br />manner pu"avided under paragraph Z h¢ere~.
<br />Any amounts disbursed by Ltndtr pursuant to thin paragraph 7. with interest thereon, shall became atiditianal
<br />indebtedness of Borrower secured by this Mortgage. L;nkss Borrower and Lender agree to other urine csf paymerrt, such
<br />amounts shad tx payabit upon notice from Lender to Borzower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time an outstanding princpal under the Nou unless payment of
<br />interest a? such rate would be contrary to applicable law, in which event such amcwnts shall bear interest at the ltightst me
<br />permim'b~ onset applicable law. Nothing contained in this paragraph 7 shall rcgvire Lrntkr to incur any expense or take
<br />any action hereunder.
<br />$, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any sr~ch inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4 Condemaafton. 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 for conveyance in lieu of candemnaton. are hereby assigrxd
<br />and shall be paid to Linder.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by 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 shall 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 poor 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 4h° Property is abandoned by Borrower. ar if, after notice by Linder to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to rupond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to ratotation or repair of the
<br />Property or to the stems secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />^f
<br />yr poxipoG2 ilia u'tti d2to Gf rho monthly insi2iianta retorted i0 in paragraphs i 2nd i hireaf or chaagi chi amount .,
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granud by Lender to any successor in interest of Borrower shall not operate to release, in any manttet,
<br />the 1tability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such succer~or or refuse to ixttrd time for payment or otherwise modify amortization of the sums
<br />secured ~y 2his Mortgage by reason of any demand made by the eriginat Harrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedles Cnmubrtive. All remedies provided in this Mortgage are distinct and cumulative [o any other right or
<br />remedy under this Mortgage or afforded by raw or equity, and may be exercised concurrently. independently or successively.
<br />13. 8necemors and Assigns Boand; Joint and Several LiabBity; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />inurpret or define the provisions hereof-
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mat addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />n,t anv notice to Lender shall be given by certified mail, return receipt requested. to Lenders address stated herein ar to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated hetcin.
<br />15. Uniform Mortgage; t3ovetning Law; 3everab9lty. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is heated. In the
<br />iv.°nt that any provision or claw of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />ether provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to thle
<br />end the provisions of the Mortgage and the Note arc declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of txecutian or after recordation hereof.
<br />17. Tratrsfer of the Property; Assumption. if all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer b devise,
<br />descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold internal of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Linder and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. If Linder has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
<br />inteteai has executed a written auumption agreement accepted in writing by Lender, Lender shall release Borrower from al!
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which BotTOwer may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender rosy, without further notice or demand on Harrower, invoke any rem~ies permitted by paragraph 18 hereof.
<br />NoN-UzvIFORM CuveN,u+rs. Borrower and Lender further covenant and agree as follows:
<br />1$. AcetkrWbw, Remedies. Etttept m provided in ~ 17 hereof, mpoa Borrower's breach of any covenant or
<br />agree~at of Borrower in this Msstgage, iachrdiug the covenants to pay whta doe any sums seemed by this Mortgage,
<br />Linder prbr to :ectkratlou shall rna0 entice to Borrower n provi~d to psragn~lt 14 hereof specRyitrg: (1) the breach;
<br />(2) tAe action required to-tare sorb breach; (3) a data trot less than ~ days front the date the aotict le mailed to Borrower,
<br />by wbleh sorb breact< mast be cured; said (4) that failure to care sash breach oe ~ before rite dart speclBed is the nMke
<br />say teak ie aecsleraUoa of the cams secured by ibis Mortgage, Eorcetowre by judicial pruceedittg and sale of the Property.
<br />The nutlee sill fMiter l~otm Borrower. of the right to restate after acceleration sod the right to assert in the toreclasore
<br />the uanexbteuce of a defardt or say other dehroe of Borrower to accekratioa and torecbsare. If the breach
<br />k ~ cured on or hefam the dadt ~ In the no@ce, Leader at LertBer'e option may declare all of the sores secured 6y
<br />tble 1~ to be imdy dot a~ payable witboat farther deruard a~ may forceless by jtrdleial prneeedlug. Leader
<br />be a to eaBzct la sueb proceedi~ all eape~ss of forcebsurc, brclndbtg, hot not Eurtittd to. costs of d~umeetsry
<br />tvtdetsce. abstraets and title reports.
<br />19. iyy Rfght to ReissEa6r- Notwithatendiitg Lender's acceleration of the sums scettred by this Mortgage,
<br />Borrower shall have the tight to have any proceedings begun by Lender to enforce this .Aortgage discontinued at any time
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