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Lender'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 shall 6e payable upon notice from Lender to Harrower requesting payment thereof, and shall hear interest from the
<br />date of disburxment at the rate payable fram time to time on outstanding principal under the Notr unless payment of
<br />interest at such rate would be contrary to applicable Saw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />many action hereunder.
<br />('~ 8. Inspection. Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />~Ithat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Propcna•.
<br />~~ 9. Condemnation. The proceeds of any award ar claim for damages, direct er consequential, in connection with any
<br />rnndemnation or other taking of the Property. or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />~ In the event of a fatal taking of the Property. the pms:eeds shall tae applied to the sums xcured by this Mortgagt.
<br />with the excess, if any, paid to Borrawer. In the event of a partial taking of the Property, unless Borrawer and Lender
<br />~ orhtrwix a3ree in writing, there shalt be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that propanion which the amount of the sums secured by this Martga¢e immediately prior m the date of
<br />taking bears [o the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid 4a Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or Bettie a claim for damages. Borrawer faits to respond m Lender within 30 days after the dare such notice is
<br />mailed, Lender is authorized to rnilect and apply thr proceeds, at Lender's option, either io restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Linder and Borrower otherwise agree in wttin¢, any such application of pica-sods to principal shall eat extend
<br />er postpone the dt~ date of the monthly installments referrrd to in paragraphs i and 2 hereof or change the amoun[ of
<br />such imtallments.
<br />1®. Bmrnwer Nat Released. Extension of the time far paymera or modification of amortization of the sums secured
<br />•s°s~ a•~••~• ~•x =-=•=~s~ ax tirccssor in imrrest ai Bartow•er shah not operate to release, in any manner,
<br />the liability of the original Borrower and Hartawer's successors in interut. Lender shall not be required m commence
<br />proceedings against such successor or rcfux to a=tend °ime far payment ar otherwise modify amartizatian of the sums
<br />secured by this Mortgagt by reason of any demand made by the original Borrawer and Borrower's successors in interest.
<br />17. Fosfieasasee by I:eader Not a Wsicer. Am• forbearance by Lender in exercising am' right ar remedy hereunder, or
<br />athetvvise afforded by applicable law, shah not be a waiver of or prelude the exerrix of an}• such right or remedy.
<br />The pract>remmt of irtsurattoe or the payment of taxes ar other liens or charges be Lender shalt not be a waiver of Lender's
<br />right to x«krate the maturity of the indebtedness secured by this Mortgage.
<br />12 Remedliec Ali remtdiac pmsided in this Mortgage are distinct and cumulative to any other right or
<br />rimed}' under ibis Mortgage or afforded by law or equity, and may be exercised rancurrenth°, independently ar surressively.
<br />13. Sseceetots sled Aaci6as Doead: ]opt sod Sr.-trot I.ia6r'Nic; Caplbas. The covenants and agreements herein
<br />ctmtaitted shall bird, and the rights lxrcundtr shat! tour to. the mpective successors and assigns of Lrnder and Bortuwer,
<br />subject to the provisiass of paragraph ?? hereof. Ala covenants and agreements of Borrower shall bt joint and several.
<br />'tLe taPtiarxs and headings of the paragraphs of this Mortgage are far convenience only and are no: to Ire ux~i io
<br />tnterptet Or defIM [ht pmv,srora hermf.
<br />l~. l~atitc. Ezcep[ for any notitt required under applicable law ro be given in another monitor, ta) any notice m
<br />Ba^rowcr provided far in this Mortgagt shzl be given by mailing such notice by certified mail addressed to Horrowxr at
<br />the Property Address or ai such other address as $[+rrow•cr may dtsign~re by notice to Linder as provided herein, and
<br />R+l any ruuiix to Lender shall !x given by ratified rnaii, rctum rettipt regtrestcd, tc Lendei s address stated herein or to
<br />such mhos address as Leader may desir:nate l+c notitt to Borrower as prmided herein. .4ny notice provided for in this
<br />Mortgagt shall he deatied to have here given to Hnrmwcr ar !seder wlrert given in the manner designated herein.
<br />13. LreiEors SlarFtaer: Gwtraieg Law: Sererabiittc. This form of mortgage combines unifc•;rt cavrnanrs for national
<br />uae:trd rtcnt-uniform ~venants with limited vacations by jurisdiction to cons[itute n uniform serurtty instrvmtnt covering
<br />teat property. This Mangsgt shall be governed by iht Saw of the jurisdiction in which the Proptrry• is located in the
<br />evtri that any provision or claux of this Mortgagt ar the gate u~nftkts with applicable law, sorb eonfiict shaIl eat afftet
<br />athes ~`-'vim=s '±f `=l:iz !'! ;•*,grgi or t!:a R;,tr w•h;rh wn bt gi:~n effect without irx eonn'icting provison. and to the
<br />ezd the prsvisicas of rht Mortgage acrd the vtxe are der?ared m be xvttable-
<br />if. Bsrrew.er•s Cspy. Barrowrc shall be furnished a ranformtd copy of the Nate and of this Mortgage at the titce
<br />of exautian ar after rrxordation hereof.
<br />17. •fresdtr of tae !reply; A=msptiee, If alt ar any pan of the Pmpem~ ar ar, mtrmt therein is Bald ar transferred
<br />by Borrawer w•ithnuz Lenders prior written ,assent, cxriuding !ai the :rattan of a lien or encumbrance subonlinate to
<br />this bfortgsge. fbl the creatioa of a purchase memo} security mtrrcst far household appliances, (e) a transfer by devix.
<br />dcatent or by operation of Saw uptxr the death of a joint tenant or id ~ the grant of am ltaschald interest of three years or Less
<br />ern raaeamittg an opticar it, purchase. Lender mac, at Lender's o+pticai. declare all the sums soured by this Mortgage to be
<br />itnmtdiatdy dot and payahlt. Lender shall have waived such ep*_stm :a acrekratr tf, prier to the sale or [ransfer, Leader
<br />and tht ptrsort to w6orn floe Property is [a be sold ar transferred rash agranxnt in writing that She credit of such person
<br />is sazafastat~~ to Lender and th=; [be imertst payable on the sums xcurrd i+v this Mortgage shall be at such rate as Lender
<br />wall ttgtsect If Itttdtr has waived the o_tstion za acctierate provided in this paragraph ]', and .f Borrower's successor in
<br />interest has executed a written assumptim agretmestt at:c3epted in w•ritiag by Lender. Lender shalt rcltase Harrower from all
<br />aibligaticxts under this Mortgagt and the Noze_
<br />If Erodes esercraes such option w acctkrate, Lender shall mail Borrower noiice of acakratian in accordance with
<br />paragraph ,= hereof. Sit rsaiict shah prmidt a period of trot Secs than 311 dots from the dart she rsotice is msikd within.
<br />which Bart•ouctt may pay the sums dslared dtx. If Borower fails ro pay such sums prior to the expiration of such period,
<br />Lender ~, without futit>tr notice or dtaaand on Borrower, invokt any remedies ptrmtttd by paragraph 18 hereof.
<br />1~iaH-C:rvrwaar Caa~t;wxrs. Borrower arm Ltoder further cavcnant and agree as follows:
<br />lE, ~ >!E as ~€ss:.ati Tar prr~r~a i7 itreof. Borrower`s areae` of ~y tovetsnnt a
<br />>~ ~ Berroser is Iola Ste cosestaab to py ware else any aesos sectored by this Mortpge,
<br />lid !~ ~ sc'cdessrjsas sites ~ ^osice to Berrrwer >i peeridcd is prrtgnpr 14 reseaf sprcifyisB: fly tae 6staca:
<br />~ lee ,an.. r+agsast to t„r ittt~r! tttrpca; r3l a a+k, eeW It.a ta.e 3s ~ frets ere date tit notice la msaed to Barrorrtr,
<br />ar rtiidz .~- Itsasci t.set >~ eaa+e~ ad i!i trrr faitrt m ease wc- aseaca ee ar bolero tie elate to oar teatirc
<br />ttef t..r L aepilona.. ~ era ttt~c tt~ >4yr tats !1t«gsee, foreelapu+e by ht+klr psoceeAleg and oak d tat 1-roperty.
<br />'i3rc nrBet atrai GatYe itt[aeat lsasversr e€ ere right so mirtsee adhr scce4rratian s:d tae r~6t to aatKrt i® t!~ forsc~snre
<br />gesess~tae se~~esia6ucs d a Aetsait ae any olio delesae et Borrawer M aan aed forerlassre. R ttae bresrh
<br />i oat r~estf eat er aalat ~e ~ yteelfeti r tar sastlce, I.eaier ~ I.esder'a o~tios sesy deeisre all of tae s~ aeeercd by
<br />BITS a re doe aril pryaiie vritroa! Gartner 8r!eaadd uad emy fortciose by judicial proceeding• Leader
<br />rut ae estltte# w tsRcaY's rsKa ! ai rcpearm of fmaeloaesre, isri~, bat eat liseked to, rusts of dotanmNary
<br />ediseq ribtgeseta std title repvata.
<br />H. laetewn's ~ b Notwithstanding Lender`s acceleration of the sums secured by this Mortgage,
<br />Hot•mrrer shall heat floe right to have any ¢roeeedings begun by Ixnder to enferct [his Mortgage dsscantinutd at any *.ime
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