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<br />llnder'si writtto uagrtsxatrtt err applicable lanv„ Be~rra,wcr shat! pay file amoium of all rrsairt;~a{ne 'Ensurarx~t prtmiumu in the
<br />mamtcr p~tovidecl urptler peregraplh ~' htrtt~f.
<br />Arty amottnrcs dialhatraed by fen~ltr Ipurtuwlant t~v this paragraph 7. turirlt itrutrtst tficrean, si9atl Ik~rymc additiwrsai
<br />indebtedrxu of 3orrcwer accused by this Mortgage. tin'mcs f3tsrrawtr and Lender agree to other arms of paymerrt, such
<br />smarms shall be payable upon »otice from Lender to Borrower reo=.trsirs; payrrrent thtrmf. and shall btu interest from the
<br />date of thsMrrscatdtt at the raft payable fret time to time on ocrtstatttdiR+;g principal urtdtr tbe Note unless paymrnt of
<br />intertat at such rate wand be contrary ro applicable law, in which sweat sock amounts shad bar interest at the highert raft
<br />permiaibk under applicable law. Nothing contained in this paragraph 1 sha21 require Lentter to incur anp expeme or take
<br />a~+ action hereunder.
<br />>L Jt>apecllsa. Leer 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 such inspection specifying ttasana6k cause therefor rtlattd to Lender's
<br />interestin the Property.
<br />9. Condezsasillott. The proceeds of any award or claim for damages, direst or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for convegance in tiro of condemnation. art hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, tbe praaxds shall 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 ttx Property, unless Borrower artd 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 prior to tbe 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, or if, after notice by Lender to Borrower that tbe condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lrndcr 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 restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Lrnless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the stmu sectttcd
<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 Borrowers successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extrnd time for payment or otherwise modify amortization of the soma
<br />secured by this Mortgage by reawn of any demand made by the original Borrower and Borrowers successors in interest.
<br />11. Fosbearaete by Ir_nder Not a waiver. Any forbearance by Leader in exercising anp eaglet 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 ttntedy.
<br />"flee procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies CamolatEve. 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 concurrently, independently or successively.
<br />13. Socceasors and A~1gos Bouxd; Joint and Several Liab~ty; Captious. The covenants and agreements herein
<br />contained shall bind, and the :igh[s hereunder shall inure to, the respeMive successors and assigns of Lender and Borrower,
<br />subject to the provisions of puagraph 17 hereof. All covenants sad 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 ttsed to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any antis to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail 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 />(b) any notice to Lrnder shall be given by certifkd mail, return receipt regtrested. to Lender's address stated herein or to
<br />such other addreu as Lettder may designate by notice io Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have bern given to Borrower or tinder when given in the manner designated herein.
<br />IS. Uaiior>s Mortg~s; Gmsr~ Law; Sererablfrty. This form of mortgage combines uniform rnvenaats €ar national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security inurttment covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />evtnt that any provision or ciaux of this Mortgage or the Note conflicts wish applicable law, such confliM shag not affect
<br />other provisions of this Mortgage ar the Note which can be given effect without the conflicting provision. and to this
<br />end the provisions of the Mortgage sad the Note are declared to be severable.
<br />It& Borts;srer's Copp. Borsovrer shelf bt furnished a conformed copy of the Nott and of this Mortgage at the tittx
<br />of execution or after recordation hereof.
<br />17. Tree of We Property; Aasetaption. 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, tb) the creation of a purchase tnoney security intents[ for household appliances, (c) a transfer by devise,
<br />destxnt or by operation of law 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 all the sums secured by this Mortgage to be
<br />imrtrsdiakly due and payable. Lender shalt have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the persat to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such tale as Lender
<br />shall regtxst. If Leader has waived the option to accelerate provided in this paragraph 17, sad if Borrowers successor in
<br />interest has executed a writtrn asstmtption agreemrn[ accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage sad 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 shalt provide a period of not less than 30 days from the date the notice is marled within
<br />which Borrower may pay the sums declared due. If Bortower fails to pay such sums prior to the expiration of such period,
<br />Lender [nay, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nort-Urtronsr Covetvexrs. Borrower and Lender further covenant and agrce a9 follows:
<br />Ill. Asceleeados; Resedia. Lrzeept ore prodded in paregrap6 17 hereof, upon Borrower's breach of any corettaet or
<br />apeeraenR of Borrower hr rots Morlgttge, ietladiots the covenants to pay when title any name setettd by this Mot~rtge,
<br />lepder Arlo: ~ rxcdatskWo trLaB mrt9 aotice to Borrower sa provided ie paragraph 14 6etrtof speclfyhtj: (1) the breach;
<br />{~ flee aetloe rtgahed to tws ercl brach; (3) a date,. not tern [ban 30 -days frog the date the ttotlee b mailed to Borrower,
<br />6y whkh path breath-smtd fix try-and (4) that fa8ars to trot each breath oa or before the dale specified ht the ttotlee
<br />asay t;esnk iie.aean.oEthe arses setersd by this Mort~a, forerhraere by judicial proceeding sad sale of the Ptoper/y.
<br />SLe oedcct~ttB itnHter l~~m lorrower of the r16M to reinstate liter aecekratfon and the right to amen is the foredoeure
<br />prves~{ fhe bt a ddaeit ar saty other- defense of Borrower to accekrNion and foretlaare. if Ste breach
<br />lit [tat tmei ca or lKfore the dais spetilied ~ the anfke, Lender of Lendeda option may deehuY a8 of the seats seettsed by
<br />~ IhtoetpBe ~ bt hetaedts~ly tine sad .payable without tnt4knr demand attd may forechtx by jndMlal proceeding. Leader
<br />ehaBbaewtNkd to toBett in wth-proeeadln= tdI expeteea of forttloaure, intinding, hot slot lEmked to, costs of docutneatary
<br />erfdetxx, •6atnc~ and tale. rsporls.
<br />29, BorrawePa Rlj~t to Rehtstats. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower ahsll have the tight w have any proccedings begun by-Lender to enforce this Mortgage discontinued at any time
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