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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner pYOVided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with intemst 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 be payable utwn notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />date of disbursement at 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 shat] bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 'T shall require Lender to incur any expense or take
<br />-any aMion hereunder.
<br />8. Iaspectfow. 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 such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coademaation. 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 conve-rance 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 :his 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 Aiortgage such proportion of the proceeds
<br />as is equal Lo that proportion 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 data of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice 6y 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 />mated, Lender is authorized to collect and apply the pnzeeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secures by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />er postpone the due date of Lhc tnonthiy irrstailments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />19. 16arrower Not Rekmed. Extension of the time for payment or madiflcation of amortization of the sums secured
<br />by ibis iriartgage granted by Lander Lo any successor in interest of Borrower shaii nut operate io release, in an-y ma-n-ncr,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such sttecessor or refuse to extend tirrte 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 Borrowers successors in inttreu.
<br />li. For6e~ee by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afford by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procitretnent of iffiurance of the pa}°ment of fazes or otfier liens or charges by Lender shall not be a waiver of Lender's
<br />right to atxelerate the maturity of the indebtedness secured by this Mortgage.
<br />12 Rearms Ca®trlttlre. AB remedies provided in this Mortgage are distinct and cumu}ative to any other right or
<br />tztrtedy under this Mortgage err afforded by law or equih•, and may be exercised rnncurr~ntly, independently or successively.
<br />23. Saeeearaes cad Aaiges Eoaad; Joist and Severer Lia6itity; Caprices. The rovenants and agrcements herein
<br />waisirted shag bind, and the righu hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />sdsjeR to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />'fife csptiorts and beadin8s of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />intcrpr~ ~ de&a the provisions hereof.
<br />Id. Notice. Factxpt for any notice required under applicable law ro be given in another manner. (a) any rto[itt to
<br />Borrower provided for in this Mortgage shalt be given by mailing such notice by certifled mail addressed to Borrower at
<br />the Property Address or at rtch ether address as Borrower may designate by no:ice to Lender as provided herein, and
<br />(b) arty :fMice to Larder shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />stteh other address as Lender may dnignate by notice to Borrower as provided herein. Any notice provided far in this
<br />Mortgage shall be deemed to haire hero given to Borrower or Lender when given in the manner designated herein.
<br />15. i3aifarm Merttade; Law: Severabillty. This form of mortgage combittes uniform covenants for national
<br />use and [ton-uniform xveeants with limited varatictos by jurisdiction to constitute a uniform security instrument covering
<br />rtxl propa4y. This Mortgage shag be governed 6y the law of the jurisdiction is which the Property is located In tht
<br />rust[ tha4 am provision r% clause of this Mortgage or the Note confliits with applicable law, ouch conflict shall not affect
<br />other provisions of this Mortgage or the Note which ::an be given cifett wither[ the conflicting provision, and to aria
<br />and the ptov:sioas of the Mortgage and the Naas arc declared to be severable.
<br />K iaoswer's Copy. Borrower sha)I be furnished a confortrted rnpy of the Note and of this Mortgage at the time
<br />of execusioat or after rtxordatioa hereof.
<br />1?. 1"tasrsfer of ~e psopatty; Arraaapaiea. If a2! or any part of the Property err an interest therein is sold err transferrer!
<br />by Sorrawer wither[ Imder's prior wriren consent. excluding tat the crtxtion of a lien or encumbraritt wbordinate to
<br />the Rtrargrge, (b) the creation of a purchase monty securin interest for household appliatxxs, (c) a transfer by wise,
<br />dcsceai or by operatiat of law upon the death of a joint tenant or (d) the gran[ cf any leasehold interact of throe years or less
<br />not mnta~ia8 of option to pu[ehase, Gender may, at Lender's option, declare all the stmu secured by this Mortgage to be
<br />immecbatdy due cad payable. under shag (rave wai,.ed such option to a~lerate if, prier to flu sale or tratssfer, Lander
<br />cad sht pcrsas m e•hoat the Prtv~ty k to be ssdd or trarrsfesrd tech agret:rfent in wrong that t!te c*edit of st~h person
<br />is sat>sfacaory to Lender aril that the itstertst payable on Lhc sums secured by this Mortgage shall be at atrch rate as Lender'
<br />chaff !f Ltsda has waived the op an tts aaxlerate provided in the paragraph l ;, and if Borrower's successor in
<br />has taectrtod a writtca aaszanptiaa agreaaeat accepted in writing by Lender. Lrnder shall release Bortowcr from all
<br />undo this Mort;ate cad the Nola.
<br />If Lender txezcises such option to atxe3eca*_e. Lender shall mail Bortowcr notice of acceleration in at:cordance with
<br />prra~t 14 hestxrf_ Stfc~t aotbce stSrB provide a period of not less than 30 days from the date the notice is marled within
<br />wlsi~ Borrtwer rnaY pay the starts declared drte. If Borrower fails to pay such wms prior to the expiration of such period.
<br />Lodcr mrY, vridfarrt 5rrthet rftxice err demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nitta-Uxtt+otat C>Wetvu~rrs. Borrower snd Lender further cavenam and agrce as folbw•s:
<br />If: Reaeias. Saapt as psvsided i• prattEcglr 17 hmae•c+f, sspoa iorfowels breach oI asy coveust or
<br />aft 3wsartree f: tMs Mastpte, tYe co+eaaab to pry wbea doe say sums secesed by this Morlpee,
<br />Iettrisr grim b aecatarttlr. the! mat cotter to Dasrswer as provided ie pungraph 11 hereof spetUyhsgr (1) the brereb:
<br />+(~ 1ha ac9ra ratlslssti to ter Weis hrsack (3) a drte, cat ttta rhea 3t+ days fr~a the dm the sotlce is waxed 1a Ilarrowcr,
<br />ti wiidt woh iraadt stwt is esaad; sad N1 1Mw taYtrrs ref csax itch irareh ere or before the date specl8ed L thr aoike
<br />.sue tr~sit tts a~7iee~rr at sae ~m.,emoa s, this Mme, ia~lc~e try i paoer~ .ad tde d ttre I~rm.
<br />2lre ^~ise slttsi #+erHstr 1'atfraas lreawer d ~e mist a :drdsie a#ttt acctiersdwa omd thr cigM to aaraH ht tie forrrlas~e
<br />~aeaatY~ tifr a d a irdratt rr t~ athr< ie~erte ~ llorrower to accelerrttiae reel toxectosare. I1 the breach
<br />ii cat alai M err teYear the ids tpeelisti is tlfe codes, Leadrs• d Leadea's oprioa may declare a@ of tlfe case secured by
<br />tifir to >x 7 ie cad psyaik rsltlfrr~ twrher deaaad and may foreclose by jadkw poceed)ap. Leader
<br />stet he satltisi to coYtt:t i. sash psacsaiis` err eagteases of Porrdrsme, , tat cot Ilmitsd to. soda of dacrweerary
<br />asHuoe, alttractl aai t1Be retmlr.
<br />1?. i~atawds ~ to lirissbfe. ,,c,.~n#tstr<r.ding Lender's actxferation of the sums secured by this Mortgage.
<br />Btarvwrr ahaB hrve the t~lst to have ray ptnceediags begun by Lender to enforce this Mongagc discontinued at any time
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