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Leader's written agreement or applicable law. 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 become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shat! ix payable upon na;ice fmm Lender to 8orn~wer requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to tins on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which eve~a such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />g. inspection, Lender may make or cause to be made reasonable entries upon and inspections of [he Property, provided
<br />that Lander shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coademaatian, The proceeds of anv award or claim far damages, direct ar consequential, in connection with any
<br />-,~ condemnation ar other taking of the Property, or part thereof, or far conveyance in Bea of condemnation_ are hereby assigned
<br />O and shall be paid to Londe:.
<br />In the event of a total taking of the Property, the proceeds shalt 6e applied m the toms secured h}• this Mortgage.
<br />~ with the excesx, if ant•, psid to Borrower. In the event of a partial takin¢ of the Property. ^n?rss $arrawer and Lender
<br />~ athetwise 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 h} this bortgage immediately prior to the date of
<br />Q faking beats to the fair market value of the Property immediately prior ro the date of takin¢, with the balance of the proceeds
<br />pard t0 BOrrORYr.
<br />1 If the Property is abandoned by Borrower, or if, after notice b}' Lender to Borrower that the condemnor offers to make
<br />~ an award ar xtil~ a claim for damages, $otmwer fails to respond to Lender within 30 daps after the date such notice is
<br />~ mailed. Lender is authorized to collect and apply the proceeds. at Lendrr ~ aptian, tither to restoration or repair of the
<br />Pmpettv or to the sums soured by this ?Mortgage.
<br />Un_kss Lender and Borrower otherwise agree in writing, an}• such application of proceeds to principal shall not extend
<br />ar postpone :ht due date of the monthly ittsraltments referred to in paragraphs i and ?hereof ar change the amount of
<br />stxh iastaIimtnr
<br />1®• Horro.rer Not Relemed. Extension of the time for payment or modification of amartizatinn of the sums secured
<br />by this Atartgage granted by Leader to any succnsor in interest of Borrower shall not aotrate to rtkast_ in_ anv manrxer_
<br />f!x liability of the original Borrower and Barraw•er's successors in interest. I-ender shall oat t+e required to commence
<br />proceedings against such successor ar refuse to txtend time far payment or athtrwise modif}• amortization of the sums
<br />secured by this Mortgage by reason of am• demand made by the original Barmwer and Borrower's suctessan in interest.
<br />tl. Furhearwet ~• I,eadrr Not a W~a-er. .4 m' forbearance b}' Lender in exercising an}' right or remedy hereunder. ar
<br />otherwise sffon~d by applicabie !aw. shall oat be a waiver of ar preclude the exercise of arty such rigFtt or remedy.
<br />77se procurement of insurance or the payment of taxes ar other liens ar charges by Lender shall not be a waiver of Lender's
<br />right to accYierate eht maturit}' of the indebtedness secured by this Mortgage.
<br />ti 3Ettated~s 4tit~ire. Ali remedies provided in this lsiartgage are distinc=. and cumulative to anv other right or
<br />remedy tinder this Mortgage or afforded by law ar equity, and may he exercised concurrenti}•. independtntly ar succrssivety.
<br />73. Sacceeams sad AstdHma Hared; Jour and Several i.iab~h•; Csptiom. The covenants and agreements herein
<br />aattiaitted shall bind, and the rights hereunder shalt inure ro, the respectia•e successors and assigns of Lender and Borrower,
<br />strbjeci to the pravisians n€ paragraph i 7 hereof. .4i1 rovenants and agrremtnrs of Borrower shsll be joint and several.
<br />7be c3Ptiaas and headings of the paragraphs of :his Mortgage are far convenience anh and are not to ht used to
<br />intetprtt ar define the provisions hereof.
<br />il. !rlotiee. Exrtpt for any twtitx required under applicable law to bt given in another manner, fat anv notitt to
<br />Harrower provided for in this Mortgage shall be given b}• mailing such notice by ctrtifird mail addressed to $arrower at
<br />[ht Property Address or ai such other address as Barmwer may designate by notice to Lender as provided herein. and
<br />{b} any notice to Lender shall be given by certified mail trtum rertipt requested, ro i.tndrr's BddrCSx 5taitd hercm ar t0
<br />stxdf other ttddrexx as Lerrdu ma}~ designate by rrat'r.~e to Borrower as provided herein. Anv Hari-c-e provided far in this
<br />Mortgage shaft bt deemed :3 have been given io BOROwCr ar I-ender when given in the manner desi¢naied herein.
<br />is- S-t~o'~'•Korti~t ~*=>mi$L Law': Se'eta6~h. This farm of mari¢agt .ambirm „ni;o-m covenants for national
<br />use and nan•uniform covenants with limited variations by jurisdi.-tian to cortstirute a uniform sti.=-fty instrument covering
<br />real propert}•. This Morgagt shsil he governed irc• t}r_ tau of the jurisdiction in which the Property is Ixated. In the
<br />went that any prrn•ision ar clause of this Mortgage ar the '.ate canfticts with applicable iaw•, such conflict shall not affect
<br />provisions of this Mortgage ar lire Nate wi»rh can be given eiTect wi*.haut the rnnflicting provision. and is this
<br />end ;Ix provisions of tlx Atartgagt and the \ate are declared to be ses•trable_
<br />t6. Horrew~eras Copy. Horrowtt shat: be furnished a canfartned copy of tht Nate and of this Mortgage at fix time
<br />of exixufitxr ar after recixdatiaa hereof.
<br />I?• TratarFer of tie hepertf; Assamptiert. It alt or any part of the Pmpcrty ar an interest therein is sold ar transftrted
<br />by $oerawer without Lerttkis prior written !ronstnt, cxclvdiag +,ai the cteatiaa of a lien ar ~tcumbren~-c subordinate to
<br />ors MOB=&C• fb' fix crtatian of a purchase mane}• securit} intttxst for household appliances, ;cI a t~ansfer by devise,
<br />descent ar by aprratian of law apart the death of a joint tenant ar fdt the grant of an} ieasehoid intetes[ of tture years of less
<br />cwt containing an aptiert to p;ttt:hase, Ltndtr map', a: Lrntitr's option. declare ail the sums ucured by this Mortgage to be
<br />nnteedtatety due need pa}•abk. Lrndtr shall ±:aati waived such apt~~it to aa-eltrate if. attar to the salt ar trancftr. Leader
<br />sad tlx ptrat+p to wham the Property is to be said ar traasferrtd teach agtetmrnt in writing that the credit of such person
<br />is saiisfa.-terry to Lender and that the in:r-rest payatik an ~ht sums sr:;trx ?>} th6s `.!artgagr snail tz at satin rail as Lendrr
<br />shall tsquest. If Lender has wa:aed the aptian to acctleratc provided in this p~aragtaph 3?, sad if Borrower's successor in
<br />interest leas executed a written asstrmptiar. ag:rtnsent acxpttd in writing fry 1_tntitr. Lender snail release Borrower from all
<br />obligations under this Mortgage turd the ?dare.
<br />if Lender' exercises srrL option Ta ac~krate. Lender sha33 mail Borrower notice at accekra[inn i^ accordantt wish
<br />paragraph 73 hermf. Strdt aMiCe shalt provide a period of oat less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums decia.-ed due_ If Botrawer faits to pay Bach sums prior to the eapiratian of such period.
<br />Leader tray, without further natitx or demand nn Harrower. inaroke an}• renteditt ptrmined by paragraph I8 }ttreaf.
<br />ivtUy-Urrtgatta Ctta•e~,w-rs- $arnwtr anti Ltndet further covenant and agree as foAows:
<br />ti Xcndexatita~ Reeredks. 7sctpt ~ ptteridsd iy parrtgrapp 17 ttereot, epos forrowtr's 6nearh of .ey covenant or
<br />r~seat of Herreww V th3c Moreg~e, g the coreaaots to pap wiea dse aey sums t9rs•artd by thh Mortgage,
<br />I.eadrr poser b aeatdsealiea tdsti troll aotitt b Harrower >s prerided ~ partagtap6 14 harsof apecYy~gr (il the hrescb;
<br />(23 tie ttttttiea M acs taati hearth: f3i a data, act leer ti» 30 days from the dale the notice h mailed to Harrower,
<br />b! teldei node hrae3i t*as! be caretk sad (i) tiu faHarc to rare taxi broach rse or before tie date epeeifitd ie the eotke
<br />++~o' t~ ~ •t~ea al• tit ~. ,ezrared by tlds Morgteaga, forcebsare by i~-•- procaditg sad oak of tit Property.
<br />Tie tsrtilce tiaH !artier ittdea>. Hserewsr ~ tic ri~rt m r .~ »~ tie risit to arsEVt ~ tie forecbsure
<br />~ tit of a dew ~ nary other defe~e of Horrrtaer to aeeeleradan wed faeecktwre. R the breach
<br />li trot etnsd oa err helore the dire speaiied is the ttastice, header 8 Leedet's optioe may deriars ill of tit sums aececrd hp
<br />life ~ it doe toad ptteyaile wiR(Kwt farther dereaed sad Bray fortrtose by ~aakcal proreediog. L.eedtr
<br />ttMi be to raiect Ins tmeh preoedipg all eapeern of forerlosart, iacladleg, hw oat limited to, coats of docameatary
<br />avlieare, trit~aets sad tkle rsparty
<br />11. Harrawea'r ~ Eo 1R~ Not+vit~stannding Lender's acceleration n€ tree Burns securt<i by this Mortgage,
<br />Btsnower shall have the right w have nay proaxedings begun by Lender to rnforce this Mortgage discontinued at any time
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