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<br />Lender's written agreement or applicable law. Borrower shalt pay the amount of a!1 mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant Yo this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall 6e payable upon notice from Lender to Borrower requesting pa}mtent thereof, and shall bear interest from the
<br />daft of disbursement at the raft Payable from time io time on outstanding prinrpal under the Note unless payment of
<br />interest 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 contained in this paragraph 7 shat! require Lender to incur any expense or take
<br />any action hereunder,
<br />8. isspectioa. Lender may make or cause to be made reasonable entries upon and inspett:ons of the Property. provided
<br />that Lender shall give Bottower notice prior to any such inspection specifying reasonable causr. therefor related to Lender's
<br />interest in the Property.
<br />~. CosdemnaNon. The proceeds of any award or claim fo: damages, direct or consequential, in connection with any
<br />condemnation or other taking of rite Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />~ and shall be paid to Lender.
<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 [o Borrower. In the event of a partial flaking of the Property, unless Borrower and Lender
<br />~' otherwise agree in writing, there shall be applied to the iums secured by this Mortgage such proportion of the proceeds
<br />~ as is equal to that proportior. which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />.:~ taking bears to the fair market value of the Property immediately prior to the date of taking, with rho balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after nonce by Lender to Borrower that 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 />t` mailed, Lender is authoriztd to collect and apply the procceds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless 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 />~...-k :.sst~lf.nanfe
<br />~~ lO.YBorrower Not Released. Extension of the time for payment or modificaticn of amortization of the sums secured
<br />by zhis ~!C.^.gay,. ^prlt[tt.i l.y T en.,ja_r to ray g...-.-..~c..~ n t..t=rocr r.F R..rrni;tr ~hatt n..: r....,-Pia ep ret.aa., : _py ...on_,vr,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be requirednto commence
<br />proceedings against such successor or refuse to extend lime for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the origina3 Borrower and Borrower's successors in interest.
<br />11. ForbearaAte 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 waiter of or preclude the exercise of any such right or remedy.
<br />The procurement of irtstrrance or the payment of taxes or other Liens or charges by Lender shall not be a waiver of Lender's
<br />right zo accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Reatedies C®alaNve. All remtdirs pmcided in this Mortgage are distiaet and cumulative to any other right or
<br />remedy under this Mortgage or affordtd by law or equity, and may he exercised concurrently, independently or successively.
<br />13. Saecessors sad Asaisas Forted; Ioint earl Several Iaabity; taptlons. The covenants and agreeaenis herein
<br />contained shalt bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Rorrow~,,
<br />subject to the provisions of paragraph 17 hereof. All cavenanu and agreements of Borrower shall be joint and ^..::eral.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. 1llotiee. Except for any notice required under applicable law to be given in another manner, {a) any oatice to
<br />Harrower arovided for in this Mortgage shall be given 6}• mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Harrower may designate by notice to Lender as provided herein, and
<br />(b} arty notice to Lender shall he given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may dcsignatt by notice to Barmwer u provided herein. Any notice provided for in this
<br />Mortgage shall be darned t0 h8FY bcen given t0 Borrower Or I,cttder whin given ir. tht manner designated herein.
<br />1S. LDaOorat Mkt t;os Lawz Severab~h. This farm of mortgage cornbitxs uniform covenants for national
<br />use and rton-urtiform covenants wiLi limited variatiorts by jurisdiction to comtitule a uniform security instrument covering
<br />t;sal property. This Martgagr shall ~ govertxd tr,.• tlrr law• of the jurisdicr:~ ;n which the Property is heated. In the
<br />evert that any provi:ion or clatse of fhb Mortgage ar thz Non. s*+ttflicts with app3icxibk law, such conflict sltatl net allrct
<br />other provisions of this Mortgage or the Nate wfiich ran be giver, cifect without the contticting provision, and to this
<br />std the provrsioro of the Mortgage and the 'rate arc declared to be stvtrabk.
<br />lf. Derrowrer's Cola. Borrower shalt be furnished a wnformed copy of the Note and of this Mortgage at rho time
<br />of exaution or after recordation hereof.
<br />17. Treader of tie Property; Araemptlea. 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 {al the creation of a lien ar encumbrance subordinate to
<br />this Mortgage, lb} the creation of a purchase money security interest for household appliances. ic) a transfer by devise,
<br />dcsceat or by operation of law upon the death of a joint tenant or fell tht grant of any leasehold interest of throe years or )ess
<br />rat eoataittittg an optiam to purchase, Lender may, at Lender's option. declare all the sums secured by this Mortgage to be
<br />immediately due astd payable- Lender shaft have waived such option to accelerate if, prier to tht sak or transfer, Lender
<br />and the person to whom the Property ss to be sold or transferred reach agrament in writing that the credit of such person
<br />is aatisfaemry to Linder and that the interest psyablt on the sums secured by flits Mortgage shall be at such rate az Lender
<br />shag tegttest. if Linder has waived the option-to accelerate provided in this paragraph l7, earl if Borrow'er's successor in
<br />intu+est has executed a written astatmption agreement accepted in writing by Lender. Linder shall release Harrower from all
<br />ol>n: under tbics Mortgage sad the Notr.
<br />!f I.eoder exercises such option to accelerate, Lender shall mail Hottower notitx of acceleration in accordance with
<br />paragaph ld hereoL Such notice shaft provide a period of net less than 30 days from the date the notice is marled within
<br />which Borrawet troy pay the sums declared due. If Bottower fails to pay such sums prior to the expiration of ouch period,
<br />Leader may, without further mtice or demand on Borrower, invoke any remedies permitted by paragraph 1 g hereof.
<br />Not+-Umt>mtaa Covet+exrs. Hortower and Leader further covenant and agrce as faltows:
<br />IS. ; Rraeiita. Fa«pt as prodded Ia paragnpi 17 hereof. spas Ilorrov-er's 6reaci of soy coetaaat or
<br />of Jtiorrawer tie fib iNot$age, iacladistg tie eoveeanta b pay when due any sn~ secured by tits Miort6a=e,
<br />Cosier !dm b acceleaafiaa sfia9 ma0 aetlee h Eorrewer m poivided is panrgrapls l4 hereof specifyfaq: (1) tie breach;
<br />(2) tie aelisa eegafaei is sae earls breaei; (3) a drie, not less thae 3i1 days fro® the date the notice is mailed to $orrowcr,
<br />i3' ~eldcia ~ ireatir ltNif bC earadr, sad (4) ~ fatiarc to care 6nC1r breach oa or before tie date ht the notke
<br />^pp tYak ~ aaedeeagaa of the alms secesxd by this M~6e. for+eclosarc by jndicbd InoctedSnE and oak of the PropeeYy.
<br />7'ie ee~ee tdraf farHter bsform ]l~areawa of sic ri(M to rri~tate after accdentias avd the r~ht to assert is tie fotecioaue
<br />proe0et~ tie ass-z~eace of a drfaait et >mY otyier defense sf Eorrower to accekratioa and foreclaeare. >ff fie breach
<br />L mA easel sD or before ffu date apetl8sd k rite eotlee, Leader at Leader's option may decLre a0 of the srrtms secured by
<br />~ lie ~ >a y Sae sad payable wltboat further demand sad may foreclose by judkW ptroeee~sg. Leader
<br />f6sY be eased to teBeet M erich ptot;t aH expeeaes of foreellosurc, inrtodiag, bra sot Hmked to, costs of documentary
<br />eildeace, aisteaeM sod lfEle reposes.
<br />1!. )taernsrda R~tt to Rehttttaie. Notwithtxartding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower s..:B have the ri8bt to have say prat:eedings heguo by Lender to enforce this ; fortgagz distarstint~d at any time
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