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<br />Lender's written agreement or applicable iaw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />~ manner provided under paragraph 2 hereof.
<br />~ Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall beeome additional
<br />~ indebtedness of Borrower secured by this Mortgage. Unless Barcower 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 disbutxment si the rate payable from time to time on outstanding principal 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 />~ perirtisat'bk urdtr applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />~ 8. Itssl+eetloa. Lender may make or cause to b.~ made reasonable entries upon and inspections of the Property, pmvided
<br />r that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />~ interest in the Property.
<br />9. Csadsrsaation. The proceeds of soy award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of tht Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigtted
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shad be applied to the sums secured by this Mortgage,
<br />with the excess. if any. paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender
<br />oirttrwist agree in writing, there shall be applied to the sums sccared by this Mortgage such proportion of the pro.-ecds
<br />as i; equal to that proportiott which the amount of the sums secured 6y this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior ro the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />IE the Property is abattdorxd by Horcawer, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or souk a ci:im far dam _YS, Borra+vPr fails to respond to Lender within 30 days after the date such notice is
<br />tttaikd, Letfrkr is authorized to cofkci a.a apply the proceeds, at Lender's option. either to restoration er repair of the
<br />Property or m the sums secured by this Mortgage.
<br />Unkss Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postPotre the due date of the rtaortthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />!0. Eorrower Not Rektteed. Eaiension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage Atattted by Lander to any successor in interest of Borrower shall not operate to reltase, in any manner,
<br />the liability of the original Borrower and Borrowers successors in interest. Lender shall not be required to commence
<br />praeeedmgs against such sttcces=_or or rcfux to extend time for payment or otherwise modify amortization of the sums
<br />stxured by this Mortgage by reason of any dtmand made by the original Borrower and Borrower's successors in interest.
<br />11. Fosbsesoee by Leader Hot a Wdver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by acrplicab}e law, shall trot be a waiver of ar preclude the exercise of any such right or remedy.
<br />'I1te ptocaremtstt of inarrance or the payment of taxes or other (fens ar charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate Cie maturity of the indebtedness secured by this Mortgage.
<br />12. Restdfa (~tlre. Alf remedies provided ir. this Mortgage are distinct and cumulative to any other right or
<br />remVdy tinder this Mortgagr or afforded by law or equity, and may be exercised concurrently, independently ar successively.
<br />73. f9accetaors sad A,saips Boned; Joint sad Severer lam'; Capuoes. 'Itte covenants and agreements herein
<br />contained shag herd, and the rights herettndcr shall inure ta, the respective stccessors 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 />11li capdiorss and headings of the paragraphs of this Mortgage are for coavenierme only and arc not to be used to
<br />interpret aa• de[fne the provisions heteaf.
<br />ice. Nauss. Except for arty notice required under applicabk law to be grven in urother manner, (a) any notice to
<br />Harrower provided for in this Mortgage shag be given by mailing such notice by certifxd mail addressed to Borrower at
<br />the Pr~crty Address ar at suds atlxr address az Borrower may designate by trotice to Leader az provided herein, acrd
<br />tb) any aatice to Lender shag be givrn by certified mail, rctum receipt tegttested. to Lender's address stated herein or to
<br />such other address as Letrder may designate by notice to Borrower az provided herein. Any ttotice provided for in this
<br />Mortgage shall be tleasted to have bete given to Borrower or Linder when given in the manner designated herein.
<br />1S. Ltaifors hfeetp~ Gevsnd~ iaw; Severt~y. This form of mortgage combitus uniform covenants for national
<br />tree and arm-tmiform ebventmts with limited variatitm by jurisdiction to coasti[ute s uniform su unity instrument covering
<br />rs~ fY. 'T'his Mete ~l be gcrL*r~d by the law of the jurisdiction in which the Property is located. In the
<br />event that any provisiat ~ clattse of this Mtrtgage ar the Nate confliets with applicabk law. stlh conflict shall not affect
<br />d3er prxvisions of this Mortgage ar the Hatt which can be given e$ect without the catflictittg r;uvisian, and to th$
<br />end We provisions of the Mortgage and the \rne ate declared to be severable.
<br />2f. Borrower's Cop3. Horrower shag be furnished a conformed .spy of the Nate and of this Mortgage at the time
<br />of escctttian or afar tecardation hereof.
<br />I7. 'hastier M the lhope:tp; Astiam. 1f all or any part of the Property or an interest therein is sold or transferred
<br />try B.xrativer withatt Leader's prior writtrn consent, rxduding ta) the creation of a flora or encumbrance subordinate to
<br />this Martys;e, (b} the creatiext of a purchase manly scettrity interest for houseltold appliances, tc) a transfer by devise,
<br />ar by operation of law upon the death of a taint tenant or fell the grant tf any leasehoM interest of three years ex kss
<br />not eaatainittg an option w purchase, Lcndu may, u Lender's option. declare all the stuns secures by this Mortgage to be
<br />imraodiatsi9 dtrc and papabie_ Lritder shall have waivttf such option to ttccekrate if, prior ro the sak or transfer, Lene#tr
<br />and the perm to x•Lam the Property is to bt sold ar transferced reach agrecmeat in writing that the credit of sttch person
<br />a satisfactory to Lender and that the imerat paynbic an the sums alcoved by this Mortgage shall be at such rate as Letsder
<br />shag rer{trtet. #f Lender Las waived the aptian to aecekrate provided in this paragraph 37, and if Bottxrwer's sttccissor in
<br />ittttrat has esecutai a written assumptiat agreement tuxcpted in writing by Linder. Lender shat[ rtkase Borrower from all
<br />oWyatieea tender tftes Mortgage and the Nttxe.
<br />H Laadc exorcises sttch option to acetleratc, Lender shall trail Borrower aatice of acceleration in accordance with
<br />parRgrtp3t li hettxi Stseh notice shall provide a period of rat less than 3D days frerert the date the notice is ma['kd within
<br />which 13s may Pay dx stuns declared dt~ if Botrawer fails to psy such stems prior to the expiration of su:.h period,
<br />Letea3er may, witltart furiiter rsatice or d~ ao Borrower, ;nvoki any remedies permitted by paragraph f fi hereof.
<br />IdtllV.jJFF(PCi1At Covat+wtvrs. Borrower and Leader further covenant and agm az follows:
<br />2i. Ae~es6seg itt+ae~ laeepf ss ~es+rided 1w parstgreph t7 hereof. aeon Borrower's 6rraeb of ay eoveaaat ar
<br />apeewssent d lanerrer m tbi ]NaetlptBe. bttcltstl>~ the eotreasts to pry when doe soy sass secarsd by ttsi Mor~age,
<br />Lsaie Baer to ass~errtlea abai tai aotlee to tltrtawer n poriiea ~ ptaagsap6 14 bsreot tspecitYistl: (I) the Meech:
<br />~ tars aealra sepias b era taint brseb` tJ) a data, sat bas ~ 38 days Ereaa the die the narks i asied to Borrower.
<br />1rJ wldti ts~ iiaaesb nasal 1t~ es~ tad (a) that faitas w cvs web breads w or before the dtste apaeiied W the aotlce
<br />~ sYrd li d Ma area tw:ared by ~ Msrt~atps, forsdoass by 1 p:+ocesdistg aced teak d rhs Property.
<br />11te aellee aieA iatfier bsLers BaKSawrr d Bas rTjgid ba reb>s~ atka• u.YSbnadoa sad the rkht to atsHt ~ the farodawra
<br />ieaseeditg !fe ad a idatil as yay o8ser defense eAf Bestrowg M acederatloa tud foredosrrs. if the 6rsacb
<br />i cent eaai #tr a fadses the ialrtsa bs the tseCee, [.aadea• w LeatkPs optlaa m+t' declarc ~ of the arras ttecured by
<br />iii eta lee ianaeiafd!'rias sad )apaiM1C witlsal ftrtclttev descend sad sea}' forecioac by jadkial proeeedistg. Leader
<br />abet Its M cased!. web peeroei6ai at a:psasss of feredaaue, hcloibtt. bat cot Waited to. caW of ~case>atuy
<br />eviiitaee, alttabraeb ai tltle egret..
<br />>B. )iaasNSas'r B~hf t• ReLtdase. Natwithtrtanding Lender's acceleration of the sums secured by this Mortgage,
<br />$trtoera` shag Hays f6t ~ have arty prstcaedirtga ixgan by Lzndcr to cnfvrc`c this c'.aartgr~z disiorttin•~ at any Sitar
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