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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 provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrower secured by [his Mortgage. unless Borrower and 1-ender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender [o Borrower requesting payment thereof, and shalt hear interest from the
<br />mate of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest a[ such rate would be contrary to applicable law, in which event such amoun*s shall bear interest at the highest rate
<br />permissible under aoplicable 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 be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coodemuation. The proceeds of any award or claim for damaees, direct or consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof, ar for conveyance in lieu of condemnation, are hereby assigned
<br />and sball be paid to Lender.
<br />In the event of a total taking of the Property, the nroceeds shalt be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid ro Borrower. In the event of a partial taking of the Property, t;nless Borrower and Lender
<br />otherwist agree in writing. *.here shall be applied to the sums secured be this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this t#artgaee immediately prior to the date of
<br />taking beats to the fair market value of the Property immediately prior to the date of takin¢, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Propem• is abandoned by Borrower, or if, after na[ice by Lender to Borrower that the condemnor offer to make
<br />an award or settle a claim for damages. Borrower faits io rttpand to Lender within 30 days after tht date such notice is
<br />mailed. Lander is authorized to caliect and apph• the proceeds. at Lender's option, either to restoration or repair of the
<br />Propettw er m the sums secured hx' this )sartgage.
<br />Unless Lender and Borrower otherwise agree in writing, am• such application of proceeds to principal shalt not extend
<br />ar p.•tstpone the due date of lice monthly installmenu referred to in paragraph, 1 and ?hereof or change the amount of
<br />such installments.
<br />18. Borroter Not Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this kiartgagt gt-anted b}• Leader to any succecu r in interest of Borrower shall not operate to release, in any manner,
<br />the liahiiip• of the original Borrower and Barmwar's successors in interest. Lender shall not be required to commence
<br />prottsdings against such sutt~essor or refusr to extend time far pacmrnt ar otherwise madifi~ -amortization of the sums
<br />sa-urtxl by this Mortgage bw reason aF any demand made by the arigiial Borrower and Harrowers atccessors in interest.
<br />il. Fotrbearaoce by Lender 'Cot a FVaiver. Am farltearanct t+y Linder in exercising any right or remedy hereunder, or
<br />otherwise a.3orded hw apphcahle law, shall not be a waiver at or pre~lttde the exercise of any such right or remedy.
<br />The procvrtment of insuranx or the ga}anent of taxes ar other liens ar charges by Lender shalt not be a waiver of Lender s
<br />right t3 accelerate the ttiaturih of the indebtedness secured by this Mortgage.
<br />it Raasediee CamaiaHre. All remedies provided in this Mengage are distinct and cumulative to any other right or
<br />rcmtdx• under this Mortgage ar afforded by law ar tyuitt•, and may be exercised concurrently, independentix' or successively.
<br />13. Stamssoas sad Assigns Bound; 3oint and Several I.ia6Htty; Captions. The rnvenants and agrremenis herein
<br />cantaitted shall bind, and the rights her`undrr shall inurt to. the respectixe successors and assigns of Lender and Borrower,
<br />subt~t to the precisions of paragraph 1' heron#. All awenams and agreements of Borrau"er shall be joint and several.
<br />'!1x captious and headings of the paragraphs of this Mortgage are for convenience ooh- and arc not to he used to
<br />inierprn or define the provisions hereof.
<br />li. Notice Except far any txuitx tequirtd under applicahlt law to he green in another manner, fa) any Halite to
<br />Barraux:r provided for in this Mongagt shalt tx given hw mailing such notice by cenified mail addressed to Borrower at
<br />thL Proptm• Address ar ai such tuber address as & rrowtr ;nay designate b}• notice tc Lender as provided herein, and
<br />fbt any notire to Linder shall be given by certified mail, return receipt requested, to Lender's addtYSS stated herein or to
<br />such other address as Ltndtr roan' dtsienatt by notice to Berrrnwer a; pmaided herein. Any notice provided far in this
<br />Martgage shalt bt domed to bawl been gia•en to Borrower ar Lender w~tttn ¢iven in the manner designated Mrein.
<br />I5. GisBetrm 14fortgage; Govetring Law. Severah8itt-, 'Ibis form , f mattgage cambirses vni.`arta covenants for national
<br />ast and txw-uniform cavettants with limited variations by iuricd,.tian to canstin:te a uni{arm serer.;e~ instrumem coveting
<br />real pmpem. This Mnttgage shsli he eaverned by :ht law of the jurisdirtiar. in which the Prapeny is located. In the
<br />event that any prayision ar clause of this Martgage or itx tiotc c+~nflicu with applirable law, such conflict shall oat affect
<br />other provisions of this M1fangage ar tlx \att which can fe oven efter[ wi[haut the confliriing proxision. and to this
<br />esd ;~ pr~~isis~,s of the Mr=rtg-~z and - ~'.ae a s dzelarrd t , he srcrab)c.
<br />I6. Hrrtmwec's Copy. B..•+^mu•er shalt l,t furnrshcd a confaimtd copy of the Mace an:i of this Martgage at the time
<br />f uecutia; or a#ttr tea-*datmn hcrrnf.
<br />i7. i'tattisEer of tae Property; Assamptiou. l f all .+r an}- pan of the Property ar an interest therein is said ar transferred
<br />b}' Bot;awer without Lenders prier u•tintn c.~nsent. txclvding let the creation of a lien or enaembrance subordinate to
<br />this Martgage, )b> the creation of a purrhax moor;- sn-ur:ty ~ntertst for lrovsehoid appliances, icl a transfer by dtcise.
<br />descent or by operation of tau upon the death of a dint tenant or idt the grant of any ltasehc ld interest of throe years or less
<br />oat containing an optima to purchase, Lender ma}. at Lentki s apuon. derlarr ail thr sums secured by this Mortgage to be
<br />immafiatdy due and paycblr. Ltndtr sha13 haze w-atvod such aptian to aa~tleratt if, prier to the sa}e or transfer, Lender
<br />and abe person to ul:om the Prop,-.rty is to be said or transfcsr:d reach agreement in writing that the credit of such person
<br />t; satisfactan to Lender and that ibe intemt pa}'able . n tits sums secured by chi. Mortgage shall be at such rate as Lender
<br />aba_~ r~t~t. If Leatkr has wait.d [Se apti•xa tr. acY•lt,~x pravidtd in :his pa,e~p:+ I' and if Bcrraw-er's sur~essor in
<br />iatetnt has a:muted a w-rinea assumption agreement a~zxpted in w;itirg by Linder. Lendts shall re{ease Barrowtr from ail
<br />ohlig~~ under this Mott3-~+e and the tiate.
<br />If Lender exercises such opiian to aucieratt. Lender shall mail Barrowet notice of acceleration in accordance with
<br />paragtaplt ib hereof. 5udt online shall provide a period of not less than 30 days from the date the notice is mailed within
<br />w•Itich Bctitawv may ~}' the stmx dtrlared due. if Barraurr fails to pay such sums prior to the ezpiratian of such period.
<br />Lrztder ttiay, witPtout #tuthrr nalict or detrtand o.^. Barrou~er, iavale any resrtedies permitted b}' paragraph I S hereof.
<br />Neat-Utttt~astrt Crn~xaxts. Borroacr and Leader #unher covenant and agrce as follows:
<br />ii Reaa~i lFsretrt as puovided is paragraph 17 hereof, trpoo Borrower's breach of an}• covenant or
<br />cif iorrrvrotK in taYic Mortgage, 4eeird'etg !ie covcaanta to pay when doe ono sums secured by tbts 6tot•~age,
<br />Ltd pillar ~ , -`-~ ~ to ilarrr3rver ~ prui:d~d im ptrrrgraph Id hrreaf speeifyiag: !I} the bceat•b;
<br />fgi fba armor to cone atteb bratrk; 13} a date, not leas than 3ti days fram the date ibe entice is taaikd to Borrower.
<br />by ttriiei anti iseax# tttttttri 4 cared; t-d 14t tint fsilwe b can such breach on or betore the date specked !n the mike
<br />Hp' raaa@t i teeeieratiaa el tie aoms secured by thin Mortgage, toreclosare 6y judiclat proacedieg and oak of tie Property.
<br />lye ataf3oe >~ ltallter idrro Detrnwa of the right to rebrstHe otter acceke>g3oa and the right to assert in tie foreclosure
<br />praeaadiag Ore aenetdpeacc d a deteak ar any other defeme H Eorrewri to accekratinn and foreclosure. !f tie breach
<br />Y art eeei m ar bdoee the date special Is ebe mike, Lender at Ltsder's option may declare all of tie sums secured by
<br />ti3a Mit~agt tb be lacy hue sat ptyttik without fnrtier draaed and may foreeMse by jvdkia! proeeediug. Leer
<br />sit be ettditlei to caiect in ttari pr¢-, atl eaPears of foreclosure. iaclading. bat not !inched to, costs of documentary
<br />avldcwee, ttit6'aeY and tide rapeete
<br />1!!. lanssrds Right to Rtiamas, Notesrthstanding I~nder's acteleratian of zhe sums secured by this Mortgage,
<br />Bt#rt>wH shag Gave the righ! io have any psxx-eedirigs begun by Ltndtr w enforce this Afortgage discontinued at any time
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