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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of ali mortgage insurance premitams in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to Chis paragraph 7, with interest thereon, shat! become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other !elms of payment, such
<br />amounts shalt £.; payable upon natice 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 Nott unless payment of
<br />interest of 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 Lender to incur any expense or take
<br />any action hereunder.
<br />8. inspection. Lender may make er cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Tender shall give Burrower notice prior b any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in !tie Property.
<br />9. Condemnation. The proceeds of any award ar claim for damages, direct or cansequcntial, in connection with any
<br />~ndemnatieu or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />aad shall he paid to Lender.
<br />in the event of a total taking of the Property, the proceeds ;halt be applied to the sums secured by this Mortgage.
<br />with the excess. if anp, paid to Borrower. ir, the event of a partial takinG of the Property, unless Barrower and Lender
<br />otherwiu: agree in writing, there shall be applied to the sums secured by this bortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured ley this Martgage immediately prior to the date of
<br />taking hear, to the fair market value of the Propem~ immediately priar 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 natice by Lender to Borrower that the condemnor offers to make
<br />an award or setHe a claim for damages, Barrower fails to respond to Lender within 10 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at iender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Barrower otherwise agree in writing, any such application of proceeds io principal shall not extend
<br />ar postpa;:c the due date of the monthly installments refrrrcd to 5n paragraphs i and ~ nereu.` .,r c„--a ,,,~ „,,..,.,,,. sf
<br />such installments.
<br />-0. Borrower Not Released. Extension of the time far payment or modification of amortization of the sums secured
<br />by this Martgage granted by Lender to any successor ir5 interest of Barrower shat! oat operate to release, in any manner,
<br />the liability of the ori~inat Barrower and Barrower'e successors in interest Lender shall not be required to commence
<br />proceeding; ag ins! such successor ar refuse to extend time for payment or otherwise mcxlifV amortization of the sums
<br />secured by chic Rartgage by reason of any demand made by the original Barrower and Borrowers successors in interest.
<br />It. Forbearance by Lender Not a Waiver. Any forbearance be Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver a! or preclude the exercise of any such right or remedy.
<br />The prcx urern~nE of insurance or the payment of taxes ar other hens ar charges by E_ender shall oat be a waiver of Lender's
<br />right ti: a_eeleratc the maturity of !hc indebtedness secured by this Mortgage.
<br />i2. Remedies Cumoisttive. All remedies provided in this Mortgage arc distinct and cumulative to any ether right ar
<br />remeciv under this Martgage ar aflardrd !,y taw or equity, anel may he exercised rnncurrently, indep2ndenth' ar successively.
<br />l3. Sncressors and Assigns Bound; Joint attd Several Liability; Captions. The cavenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure ta, the respective successors and assigns of lender and Barrower,
<br />subject to the provision, of paragraph 17 hereof. Aii covenants and agreements of Borrower shalt be joint and several.
<br />Tne captions and headings of **-he paragraphs of this Martgage are far convenience only and are not to hr used to
<br />interprot ar define the provisions hereof.
<br />I4. Notice. Except far any notice required under applicabie law to be given in another manner, (a) any notice to
<br />Borrower provided far in this ]s4artgagt shall ]re given by mailing such notice by rertitied mail addressed to Barxawcr at
<br />the Property Address or :u such ether address as Barrower may designate by natice to i.ender as provided herein, and
<br />tb} any r:atie~ to L.:tS!F_r shall hx giver. bg ctrtifted mail, return re:eipt regttesteci, to izn~c,'a auutc~ st- - ----
<br />such other address as Lender may designat¢ by natice to Borrower as provided herein. Any notice provided far 'in this
<br />Mortgage she!! tee 'deemed to have beer. kiven to Borrower ar i,end2r when given in the manner designated boccie!.
<br />15. Uniform 14iortgagt; Governing Law; Stverability. This term of mortgage combines uniform cavenants far natianaf
<br />tree aced non-uniform cos~enanfs will! limited x'atiatianS ht' jnri<sdiction to .-anstitnte 8 Unitafftl 3~'nrity insirUtnenf crovering
<br />teat property. This iafort};age shall be Koverntd by the tsw of the jurisdiction in which the i'raperty is located. Tn the
<br />c~`cni that any TrriSV isit~n ar Ciati§C of t(ti Martgage ar !152 Nafc COnflic ti With applieal)le IoW. 3neh CanflieT shall oat affect
<br />other s tnvisirns Erf e .•_ `vl^~rigage ar +ite Nate which can he liven effect without the eanfticti;t;t pravisiaa. and to this
<br />tr,d the provisions of.the Martgage and ±hc Notc am declared to i>e scvcrahae.
<br />i®. Borroever't €':p='. Barrower shall be turniehed a conformed copy at the Nara and of this Iviartgagc at the time
<br />u( execution ar after recordation hereof-
<br />I'l. '['rattsfcr of tbs Property; Arsumption. If all or any part of the Property ar an interest therein is sold or transferred
<br />by Borrower without Lender's prior writttn rorsent, excluding fa) tht creation of a lien or encumbrance eubarslinate to
<br />this Mort~+agc, (tr1 the creation of a purchase nurney security interest for household appliances, (cl a transfer by devise,
<br />deurtu ar by operation of law upon tht death of a faint tenant ur (d) the grata of any leasehold interest of three years ar less
<br />not c:rntaining an option to purchase, Tender may, at Lender's option, declare up the sums secured by this Martgage to bt
<br />immediaie!y dt;e atscr. l=~ya?.!2. 1 ruder shah have :...ivied such option tc} acrelcrue if. pear tr. the salt ;,. transfer, l,era,~°r
<br />and the ptrson to whurn the Property is to be sold ar transferred reach agreement in writing that the credit of such person
<br />is satisfaciat}' to Lender and that the interest puvable un the soon secured by this Martgage shell be at such rate as lender
<br />shall rrqu2st. if Linder has waived the option ro xecelerate pravidtd in this paragraph 17, and if 8orroWCr's successar in
<br />interest has executed a w•rintn aasumptian agreement acetpted in writing by Lender. i..ender shall release Borr,rwer from all
<br />c±bligatic,ns un.t~,r rhis Mortgage a55d the !cote.
<br />If ! m^.•!~r •'h a . t ... cleratt, Lerdtr °h°!! „°:; B~: .. re ~ ° adrn .~~dan. ..ith
<br />k`
<br />paragraph 1J hereof. Such~natice sh:di provide a period of not Iess~than 3U days^from the date the natice is4mailed within
<br />which Borrower may pay the sums declared du<. If Barrower fails ro pay such sums priar is tht expiration of such peri[+d,
<br />I.endet may, without further notice ar demand on Barrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Ne]N-I1N[F'af(M t_'~aYti hwtiTS. Hasmwer anti i enter fnrtiter cavettan! an,i vu~r,w a° t.,.na,.,a•
<br />I8. Atcekratbn; Rtmtdits. 1Wtrctpt as provided in paraRnph 17 hereof, upon Borrower's breach of any covtnant or
<br />agtrentent of Borrower in thh Martgage, includlttg tht covenants to pay when due any sums secured by fhb Mortgage,
<br />Lender prior to atttirratton shall mail dotitt to Barrower as provided in paragraph li berhof spexifyi~: (I) !be breach;
<br />(2) @ht action required to gum sorb breach; (3) a date, not Itax than 3o days froth tbt date fire ttotkt b mailed to Borrower,
<br />by wbkh sat6 breach most bt cured; and (4) that faBnre to curt such breath on ar brforc the date sprtl~.v! in the rwtkt
<br />trtt(y result is acesisration of the nuttti setunrd by this Mortgage, turetToanrt by jud3ci5tl protetdittg and sak of tht Property.
<br />'She >•e@Ese ~ f*sKber inform Bozrower of Lhe right to reinstate after aceekratloa and the right to assert in tht foretl~urc
<br />procs+Edt~ the non-exfattnte of a dtfauit oc any otlttr defenst of Borrowtr to atetlerat~n and forrcl~urt. If tht breach
<br />is not tared on or brfort the data sp.tidtd in the notice, Lttuler at Lender"s option may dec{are ail of the saws secured 6y
<br />title Mortgage to 6e immediately dot arnl payablt without further demand and may forccloae by judicial proceeding. Lender
<br />ebaB be entitled to coBeed in such proceeding aB expensts of forecioanre, including, but !tat limited to, coats of documentary
<br />evkleac~e, abstracts sad tills reports.
<br />I9. Borrower's Right to Rtinstate. Notwithstanding t.tnder's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any prateedings begun by Lender to entorce this Mortgage discontinued at any time
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