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<br />Leader's written a~xmpnt or appiicaible 'lase. Bormw:er abaTl pry tIx amarArnt of all miortgage atszarance premiurrts in the
<br />' mamrer pr'trvided under paragraph 2 hereof.
<br />Any amatrels disburud by Leader pursuant to this paragraph 7, with interest thereon. shall becornt additional
<br />irdebtedness of Borrower secured by th$ Mortgage, Unless Barzawcr and Leader agru to other terms ~ payment ssh
<br />amounts shall be payable upon nosice [tom Lender to Borrower requesting paymem thereat and shall bear interest from the
<br />date of disburaarterrt u the rate Payable from time to time oa outsiattdiag principal tmdtr the Non unless payment of
<br />inurat x such rate waold be rnatrary to applicable law, in which event wctr amounts shall bear iMSresi x the highest eau
<br />permisa'ble under applicable law. Nothing contained in this paragraph 7 shag require Larder to incur say expense or take
<br />any action hereunder.
<br />E. Irrapecdor. Lauder may make or cause to be mask reasonable entr'es upon and inspect'sons of the Property, provided
<br />that Lender shall gist Borrower notice prior to any such inspection specifying reasonable cause fnerefor related to Lender's
<br />interest is the Ptttperty.
<br />9. Cos. The proceeds of any award or claim for damages, direct or constqurntial, in connection with any
<br />condannation or other tatting of the Property, or part thereof, or for conveyance in lira of condemnation, are hereby assigned
<br />sad shall be paid to Lender.
<br />In tht 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 1n 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 lay this Mortga¢e immediately prior to the date of
<br />taking bears to the fair market value of the Propcrty 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 thx the condemnor offers to make
<br />an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender es authorized to collect and apply the proceeds, at Lenders option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agrce in writing, any such application of proceeds to principal shall trot extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />10. Eorrower Not iReleased. 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 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 extrnd time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in inurat.
<br />11. Fetbararce by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable -aw, shalt not be a waiver of or preclude the exercise of any such right or remedy.
<br />The proetrremeat of irattrance or the payment of taxes or other liens or charges by Lrnder shall not be a waiver of Lender's
<br />right to aecelerau the maturity of the indebtedness secured by this Mortgage.
<br />li Rereedks Cs®altkbte. 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 />I3. Saccesaots r~ Aselgas Bound; Joist and Severd I,ia68ity; Captions. The covenants and agreemeau herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subjxi 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 />interpret or Mine the provisions hereof.
<br />14. Notice. Fxcxpt 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 certifled mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to [.ender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requested. to Lender's addre~ 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 shall be deemed to have bcen given to Borrower or Lender when given in The manure designated herein.
<br />IS. Uaisorm Mortgage; Govemiag Law; SeverabBity. title form of mortgage rnmbines uniform covenants for national
<br />use and son-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />era) property. This Mortgage shall be governed by the 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 law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />erd 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 execution or after recordation hereof.
<br />t7. T!aader of the Property; Asanmptioa. If all or any part of the Property or an inurat therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinau to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by device,
<br />descent 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 />imarediauly due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person io 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 rate as Lender
<br />shall request. If Leader has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />intcreat has executed a written assumption agreement accepted in writing by Leader, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordar~ce 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 Borrower map pay the sums declared due. If Borrower fails ro pay such sums prior to the expiration of such period,
<br />Lender may,, without further aatice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Ntsx-Urtttroat,t Covstvetars. Borrower and Leader further covenant and agree as follows:
<br />1& Accdeiafiol5 Raeedlea. T~cept as provided ~ paragraph 17 hereof, spas Borrower's breach of ,ay covenant or
<br />~ Eotrowar is Ods Mortgage, hrelndieg the covenaab to pay sv6en doe say sums aecmtd hY this Mortgage,
<br />Lender prfa Po~_aecdeaNoa ahtrB maH notice to Borrower as provided lu paragraph 14 harof specNybrg: (1) the 6trrach;
<br />(Zl the > fin care-sods breaeh; (3) • else, p9t-leas than 30 days from the d>ke ~ ttoBce ie «trifed M Borrower,
<br />by rrldci wale bleach swat le ceredt sad (4) that Bute to care sorb beach oa ar before-the date sped8ed io the notke
<br />tam resNt Ia aecdoo of ib#-w~ secsted by-this Met$age, form by P~~ag slut sale ~ t~ Property.
<br />The irettlee dull fasllta briorm Btrtamrer of the riEltt b rehxhte after sccderytloa sad the ria6t to assert ®the foreclosure
<br />R 1Ls aoa~peace at a d or say sN~er defeaec of Borrevrer 6a aeeeurafioe std forecbaare. I[ the breach
<br />is-riot eased ors or before the date sped6ed i. the ^etlcc, Leo~r at Larder's option may dt:elarc aB of the emus secured by
<br />5is Mamie M be idy due wd payable sritlrost farther demand sad may torecloae by judicid proceedias. Lauder
<br />ebgH be etpitled to celket M each a8 eapeare of foreciosate, + bat rot Braked to, curb of daenmetttary
<br />tS+Bttretuwt- lYle nepottr.
<br />!!. Bassoiea's BIB to Netwithstanding Larder's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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