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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 pt'ctvided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 9, with itterest 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 upon notice from Lender to Borrower requesting payment thereof. and shall bear 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 shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require i_ender to incur any expense or take
<br />any action hereunder.
<br />8. ittsptc8on. Lender may make or cause to be made reasonable entries open and inspections of the Property, provided
<br />that Lendr: she!! give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Candemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation of other taking of the Property, or part thereof, or for conveyance 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 shalt 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 Borrower and Lender
<br />atherwist agree in writing, there shalt be applied to the sums secured by this Mortga¢e such proportion of the proceeds
<br />as is equal to 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 Pmperty immediately prior ro the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Horrawer, or if, after notice by Lender to Borrower that rite condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to I_tnder within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either ro restoration er repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the dot date of the monthly installments referred to in paragraphs t and 2 hereof or change the amou-~~ of
<br />Bach instaiiments.
<br />iB. Borrower Not Released. Extension of the time for paymene or modification of amortization of the sums ucured
<br />by this Mr•rtgage grmtcd by Lender to any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be rcyuired to cammtnce
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of rhr sums
<br />secured by rhi_ Mnrtga_gp by rPacEtp nF any ~tnmartrt mnAe I.y rhr ttriainal Rorrnayer and Hocrn.v.r a __,__ ___„_ ,,, interest,
<br />II. Forbearance by Lender Not a waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />"fht procurement of insurance or the payment of taxes or other liens or charges by Lender shalt oat be a waiver of Lender's
<br />right io accelerate the maturity of the indebtedness secured by this Mortgage.
<br />i~. Ltttnedies Cntnulatirt. .Ail remedies provided in this 14fortgage are distinct and cumulative to any other right or
<br />come .} under this Mortgage or afforded by law or equity, and may Ile exercised concurrently, independently or successively.
<br />13. Successors and Assigns Hoond; Soint and Several T.iabUity; Captbtts. Thr covenants and agrertnents herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Horrowtr,
<br />subject ea the provisions of paragraph t7 hereof. All covenants and agrtertients of Borrower shall be joint and several.
<br />Tht captions and headings of the paragraphs of this Mrrtgage are fry convenience only and are trot to l+t used to
<br />interpret or define the provisions hereof.
<br />I4. Notice. Except for any notice required under applicable law to be given in another manner, (al arrv notice to
<br />Borrower provided for in this Mortgage shall t?e given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by Wolter tr Lender as provided herein, and
<br />thl any notice m Lender shall he >viven by certified mail. return receipt requested, to I.tnder's address stated herein or to
<br />such other address as Lender may designs*.t by notice to Borrower as provided herein. Any notice provided for in this
<br />f;ztrtgrg~ ~Iiali t~ .-',tettteu =.a itae•t bt€r= given to Bcirr-rwtr or I,trd,?t a-«rr. given i:= the: mannt: dcsignattd horn::.
<br />.S. €lnffartn Morigay[t; t`iovtraing Gaw; StverabUHy. This fnrrrt cif mortgage comltittes uniform covenants fo r national
<br />use and tten~uniform covenants !k'1[h Itmltrd variations 6y iuriadicti_>n tct constitute a uniform s€~:srity inst_ru!?t¢nt Eovsrin~
<br />real property. Ellis Aiurtt€agr shall he gnvtrttrd by the taw of cite turisdictann in which the Property i3 located- In tt~
<br />event tl?t an}• pr^v°i>ion or clause of this Mc+rtgsp,:? ;*: th_ '.slots ~e::'licts :vith a pli:abl€ law, su..h c.n?tict shall rc*t affcY
<br />other previsions of this Mortgage or tier Note which can be given effect without [ha conflicting nrovisian. and to the
<br />i:;td tYc' F*ravtstc.ns i __ rvi=:rfgagc and e€tc `:t,ic' alt= declared t[, ht sov~•rablc
<br />ie, ~axrrotttr'sr Cam:. ., i3e~rrow. r zit:_ll t-x fura=shcd a ;-unformed Fttp}' of the 1VOte and cf this htor*.gagt at rhr tittrt
<br />of txtcutitsn ire :tftrr recordatioe: hereof.
<br />I7, Trytasftr of thx Property; Assumption. !f alt or an} part of rhr Property or an interest therein is sold or tern>fa-r, e:3
<br />by Borrower without t.cnder`s prior urittrte cunsrn€, excluding ial the creation of a lien or encumhrahct suhnrdinatc to
<br />this Mortgage, (h) the ctcation of ,: purrhavr money sect:rity mtertst for household appliances, tci a transfer 6y drviu,
<br />descent or h1' nprrattou ri law upon the death cif a a?rot tenant cr idt the grant of any fta~ltotd interest c:f three }-can .+{ kss
<br />Wert containing an rptit~t= e<+ purchase, l.ertder Wray. at i ender s t,ptiam, declare all the sums srcurrd h} this Mortgage ut bt
<br />intmeEhatety due and payable. I.endtr shall havt aa;srai .e..lt ~,pt=:.n t., accrlrrut if. ptiv?r m rhr salt <~_ transfer. tender
<br />and the person to svhc?n, ;he Psi~ertt tf tct t~ vol.! ... trnste=rrci reach agreement in writing iha€ rhr urrz;ii rf juah prrstn
<br />is satisfactrr} to Lender and that the iLZrrest pava`.le un rhr sung, xcured b} this Mortgage shall fs: at st=ch :'ate + 1 realer
<br />shall request. If I et!drr has waivui the c+rt~:.n td, xrcalerate pea?v:d.d iu this paragraph I?, and if Horrawer'. surc~.u>r in
<br />interest has txccu€ed a wnttsn assumption agrrem~rt atreptni in urnutg by t ender, Lender shall release Bt+rtowrr t'ront a[t
<br />oltligatrons under Ihi<. Martvegt acrd rhr ?ds?te,
<br />tf 1-cndrt exercises such option €., acceietatr. i,£ntirr ,haft msil Bortowrr notice of acceleration in acconlance with
<br />paragraph lit hereof- `iut;h notice vhall pet,vide s pt`ric.d of nut leas than is days from the date the notice is mailed within
<br />which 9urrttwer may pay tell sums declsred dye. If H<±rruwer faits ;o pay such .urns prior to the expiration of such period,
<br />Ltntler mry, witftotK ft€rthrr nns:c-e or demand an Borrower, invoke any rctrtedies permitted by paragraph 18 hereof,
<br />C~i3nt-ii;t€Fi~lri hi Z. i3Y cT',i Pi i' ~ t3vwtr aat3 i.cit.7ccr ti€rert€ GY7i`T"[ii fill :Stiq +€Ittt'~ as tC?1tFlw]'
<br />4(e At:_ak~fsa; g?e~ >Wrep± ~ p.-orir ~ p~~rspFt t7 tsrreof. esPaa Rurruwt:'s *s,staeh ;° any ravenzae rx
<br />agreement Of BoPrOwer in ihk lelorigage, inc•Itsdisag the CaienatHS to pay when doe any sums !ttcurtd by thin MorglaRr,
<br />Lander prior to acceleraton shaA ma8 mrttre to Harrower set provided in partrrrrapb t9 hereof specifying: (I) tier breach;
<br />(2) the ac}tioa required to cnrtx stt:h breach; (3) a date, trot kss than iii days from the date the sorter is mailed io Borrower.
<br />by wttkh such breach mart he rnrtd; sad (4) that feUnre to rare such breach on or before the date speciied in the rtodte
<br />Wray result is ~celesatian of the sari sxcnred by the Mortgage, forectaasst;< by jttdkfal procttdirtg and safe of the I'r~oprrty.
<br />'l'ht notice shal9 further inform Borr~wr:r of Net eight to rehtsltUt after ntceleratfon and the right to assert in the farerlosare
<br />ptaceedfug the non-txisetnce of a d~=fanft or any other tkfessse of Borrower to acceleration and foreclosure. if the breach
<br />is ~ cared on or before the date specified in fete notice, Gender at Leader's option may declare aU of the sums secured by
<br />title hfntigage to be immedsatefp doe and payable without fnHher demand and may foreclose by judkial ptnceeding. Gender
<br />sball be entitled to co0eet in snob proceedhtg aU expenses of forecbsurc, includl»rg, bat not Umhed to, casts of documentary
<br />evkleatt, abstracts and tltM rxporfis.
<br />13~. Borrower's itigbt to Reirolafe. Notwithstanding Lender`s acceleration of the sums sechred by this Mortgage,
<br />Horrowtr shall nave rite right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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