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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of al( 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 calms of payment, such
<br />amounts shall be payable upon notice frcm 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 shalt bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause ro he made reasonahie entries upon and insezrtinns of the Property. provided
<br />[ha[ Lender shall give Borrower notice prier to any such inspection specifying reasonable cause thzrtfor related to Lc-nder's
<br />interest in the Property.
<br />4. Comtemnation. The proceeds of arrv award or claim for damages. direct or cersequential, in connectimt with any
<br />condtmnatian or other taking of the Prgcerty, or part thereof, nr for conve}•ance in lieu of condemnation, are hereby assigned
<br />and shat' be paid to Lender.
<br />In the event of a total taking of [he Property. the proceeds shall be. applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Bnrmu•er and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortcage such pmportian of the proceeds
<br />as is equal to that proportion which tht amount of the gums secured h} this Mnrtgaee immediately prior to the date of
<br />taking bears to the fair market vah:e of tht Propertc immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender rn Borrower that the condemnor offers to make
<br />an award ar settle a claim far damages, Borrower fails ro respond M Lender within ±Q days after the date such notice is
<br />mailed, Lender is authorized to collect and apple the proceeds. at fender's option, either to restoration or repair of the
<br />Property- or m the sums secured he this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of prncetds to principal shall not extend
<br />or post_Done the due date of the monthly installments referred to in paragraphs 1 and 2 hereof nr change the amount of
<br />such installments.
<br />16. Borrower \ot ReleaerxL Fxtensinn of tht tine *•_ r ^a: n:t^t : r m ti~fication of a ~ ;r.- :- :° -` _ Burns sectirea'
<br />by this Mnrtgagz gran?ed b_v Lender to any successor in interest of Burrau'tr shall nut operate to"release"in an}' manner,
<br />the liability of the original Borrower and Bnrmu~zr's successors in inrrest. Lender shall not be required in commence
<br />pret~eedings against such successor ar refuse to extend time fnr payment or otherwise modif}• amortization of the sums
<br />secured by this Mortgage by reason of am' demand made by the original Bnrmcver and Bormu~er's successors in interest.
<br />11. Fotbeannce by Lender \o! a Waiter. .4m' forbearance by Lender in exercising any ri¢ht or remedy hereunder or
<br />otherwise afforded by applicable law. shall rni hz s waiter of or preclude the exerise of any such right nr remedy.
<br />The procurement of insuronce or the payment of taxes nr other liens nr charges Fv' Lender shall not be a waiver of Lenders
<br />ri¢ht to accelerate the maturity of the indebtedness secured by this Stortgage.
<br />12. Rearedi~ C®nls8ve. .All remedies prns~idtd in this 3Sortgage are distinct and cumulative to am• other right or
<br />remedy under this Mnrteagt nr afforded by law or again'. and may be exercised concurrent!}'. independently nr succeuively-
<br />13. Sacceswrs and Aligns Bound: Jmint artd Secenl I,iabt7ity; Captions. 7lte covenarts and agreements herein
<br />rontained shalt hirsd, and the rights hereunder shall inure :o. the respzctiye successors and assigns of Lender and $orrower,
<br />subject to the pmyisians of para_gt'aph 1- hereof All covenants and agretments of Harrower shall be joint and several.
<br />The captions and headings of the pazagraphs of this Mortgage are for caovenience only and are oat to ht used to
<br />interpret or define the pmvisinns hero>f.
<br />!A. \otice. E,ceept far any notice required under applicable lau to be given in another manner, ta) any notice to
<br />Borrnu~er provided far in this Manage shall he gicrn he mailing such notice by cznified mail addressed to Barrnwer at
<br />*_he Pmpett}' Address or at such other addrtss as Sormxvzr mar designate by m lice h tender as provided herein, and
<br />(b) any notice to Lender shall be given he certified mad. return receipt requested, to Lenders address stated herein nr to
<br />such other addttss as Lender may designate b}' rsotice to Borrower as provided herein. Any native provided for in this
<br />)•fongage shalt be de^mtd to have been given to Bnrmxer or lender when given in the manner designated herein.
<br />T$. Uniform Mortgage; f~v-tniag Caw; SecenbiTity. This form of mnrt¢agz combines uniform mytnants for national
<br />use and tton-unifntm mvenan[s with limited variations by jurisdiction to constitute a unifottn security instn:tnznt ;vverine
<br />real propem-. This Mortgage shall be ttocerned hx' the law of the iurisdir[inn .n which tht Prnpem~ is l~afeii. In the
<br />event that any provision ar rlaust of this Atnrtgage nr the Vote conflicts uith applicable law, such cnnilict shall not atTect
<br />other prnvisiotts of this Mortgage nr the Vutz which can tw: t;iren eEect without the ronflirtine provision. and to this
<br />end the pr'avisians of the hfortgagz and the Sate are dtrlared to K sxverah€t.
<br />16. Eorroweis Copy. Sacra»er shall ice furnished a ;unformed copy of the Vote and of this Mortgage at the time
<br />of execvtian or after recordation hereof.
<br />17. Tnrafer of the Tropeafs': Assumption. If ail ur am' pan of the Petit rtx• or an interest therein is sold ur transferred
<br />by Harrower withnct Lenders prior urines consent, excluding +ai tht creation ut a lien or enrumt+rance subordinate in
<br />this Mortgage, ?h) the creatrnn of a purhase money :rarity mtert~ct for h.+usehold applian:ec_ (ci a transfer by devise.
<br />descent or b}' optratinn of law ups: n the death nt a jmnt tenant or +~d+ the Grant of am~ leasehold interest of three )'ears or tens
<br />not containing an option to purchase. Lender may, at Lender's npuun. declare all the sums secured by this Mortgagt to bt
<br />immedialeh due and payable. Lzrder sha31 hale st awed arch apron to accelera€e if prior to tht ,ale nr transfer, Lender
<br />and the pera+tt to whom the Pmpert}' is to t+e said or transferrtd reach agre.ment in »riting that the .rtdit of such ptnan
<br />is satisfactan~ to Lender and :hat the interest payable un the s::m; s ~urcd h} this Mortgage shall be at such rate ac Lender
<br />3~Itaii regtxst. If Fender itas waiyel t=e option to arcztzra tc pros ided in rhis paragraph ti. and if Borrnwtrs successor in
<br />intCre9t Itas exervted a w'ritien assumption agreemrnt arYpted in uri[ine by Lender. Laurier shall release Sono»er from all
<br />obiigati~s urtder this Mortgage aad the Nate_
<br />if Letvde: exercises such option to acceleratt. L.endzr shall mail Burrower notir of arceltratinn ir, asordanre with
<br />paragraph 3A hcrrni. Such noti-v shall provide a per,. cl of n.,t less than 3tT day, from the date the notice is mailed within
<br />which Barrnwer may pay the sums declared doz. If Sa:rowcr ;ails ^o pay- such sums prior m the expiration of such period.
<br />Leiter stay, without f.mher notice nr demartd an Barrnwer, invoke am remedies permitted by raragraph ] R hereof..
<br />Not:-LixrFOatst Cov'Ert,v.:•rs. Barrnwer and Lender funkier sus enant and acrzz as follows:
<br />ift Aeedenttos: Remedks. Fseep£ m provided in patagnph 17 hereof, upon BorrowePs breach of any covertsnt or
<br />r~reemeat of Borrower is 16is '•Nartgt¢e, iachtdiog the covenants to pa} when dtx any sums secured by this tifortgave.
<br />Isa3e+}riar W xce3eratioa r~hsH coati entice to Borrower as provided is paraggragh 13 hereof specifying: II) the 6rcacb;
<br />I~ ~ atl3aa fo rite sorb breach; tai a dare, not teas than 30 days from the dote thr ttoftce 's msi{ed to Borrower.
<br />by wieieh aareh bleach mast be cared; ao$ (4i drat faBnre io core such breach oa or before the dale specified in the notice
<br />may weak a secdaatina of the alms = by this Mwygage, fartcbsare by ptdiriai protrediag and sale of the Property.
<br />11e aetdce abaB faetlKr imfsr'a Bwrn•rer of tie rixhr to rcr~,tale after accderatian sad the right to assert ie the forecbsurc
<br />proceediat She tract-etistenet of s defatdt ar any other defrnss of Borrower to acceMntion and foreciasure. If the breach
<br />h sot eared oa tx 6tfore the date sPe'c~ r$ the aotice, Leader al I.coder's opting cosy declare ak of fhe sums secured by
<br />thk Mwtgtr6t to- be im®ediately doe sad payable without further demand and may foreclose by judicial proceediteg. Lender
<br />sLaB 6e eaBtkd ~ edeet in Bach precerd~ aB ezperrses of fombsurc, iecludiag, but rrof limited to, costs of documentary
<br />esidtace, abtxtaets sad tide repaeb.
<br />19. Darrawer'e Rigkt to IReiastate. Notwithstanding Lenders acceleration of the sums secured by this Mortcage,
<br />Borrower shall have ti~ tight to hawe any proceedings begun by Lender ro enforce this Mortgage discontinued ar any urns
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