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<br />Lender's written agreement or applicable law. Borrower shall. pay the amount of all mortgage insurance prer.~iums in the
<br />manner provided tinder 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 />amou MS shall hz payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement ai the rate payable from time to time on outstanding principal under the Nola unless payment of
<br />interest at such rate would be contrary to applicable law, in'.which zvent such amounts shall hear interest at the highest rate
<br />permissiblo under appiicahie law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action here+mder.
<br />g. inspection. (.ender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />that i.ander shalt give Borrower notice prior to any such inspectirnt specifying reasonable caux therefor rotated ro Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award ar claim fur damages, direct or consequential, in connection with any
<br />candentnatian or other takin¢ of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall t+c` paid to Lcndrr.
<br />[n th€ ev,€nt of a total taking of the Propert}•, the proceeds shall tx: applieJ to the sums xcured by this Mortgage.
<br />with fire r.cess. it ane•, paid to Borrower. In the event of a partial taking of the Property, unless 8orrowcr and [.ender
<br />otherwise agree in writing. there shall 4u applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is egva! to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking hears to the fair market salve of the Pmpern• immediately prior to the date of taking, with the balance of the proceeds
<br />paid tc+ Borrower.
<br />If the Property is abandoned he Harrower. ar if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim tar damages. Harrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at tenders option, either to restoration or repair of the
<br />Propern ~r to the sums secured by this Mortgage.
<br />C?nless Lender and Borrower otherwise agree ir+. writing, any such application of proceeds to principal shall not extend
<br />or postpone the duz date of the monthly instat7ments referred to in paragraphs i and ~ hereoi or u+aJKa .`: an;.....t ^f
<br />such installments.
<br />f0. Borrower Not Relessed. Extension of the time fur payment or modification of amortization of the sums xcured
<br />by this Mortgage ¢ramed by Lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liability of the origitta] Borrower and Borrower's successors in interest. Lender shat] not be required to commence
<br />prxo€dings against such successor or refux to extend rme for payment or otherwise modify amortization of the sums
<br />secured bs this Man¢a¢c be reason of any demand made by the ori¢inal Harrower and Borrower's successors in interest.
<br />ii. Forbearance by Linder Not a Waiver. ,Any fartuaranec h}' (.ender in exercising any right or remedy hereunder- or
<br />uthenvise :+fforded by applitahlc law. shalt not he a waiver uC or preclude the exer•ise of any such right or rented}'.
<br />TPte proem, meat of ir±vurance ar the payment of rase. ur other liens or charges by Lender shall net he a waiver of Lender's
<br />right to :cc.elrrate tttt maturity of th€ indebtedness ;anircd by this h{ortgage.
<br />i2. i'sentedics Camuiative. Ali remedies pro+idrd in this Mortgage aec distinlt and cumulative to any other right or
<br />remedy under this Mortgage or affordod by law or equity, and may F+r exercised eancurnnfly, indepcndenily nr successively.
<br />i.i. Successors and Assigns Bound; Joint cad Sereral f.iability; Captions, l'hc cm•enants and agrcemznis herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 1T hereof. ,411 covenants anti agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraph. of this Mortgage are for convenience onty and are not to he used to
<br />interpret or define. the pntvisions hereof.
<br />t4. Notice. Except far any notice required under applicable law to be given i^ another manner. /a) any notice to
<br />Harrower provided far in this Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Harrower may dcsignat€ hp notice to t€ndcr ;ts provided herein, and
<br />(h) any uoticc to Leader shall he given by certified maul, return recc+pt requested. u, i.endc+'+ add+cSS „' ~ !^
<br />~u[h Diller address a3 Lrndrr may dceignate by natter Fa Barrilw•rr as prayed@d herein. Any ndite. ptt~F tdett, fs~r~tn this
<br />Mort;?;tg€ sh}I] lb< d€€m€d tr± hav€ h€en ~ivea to Barnw€r ar i.€nd€r when giv€n in th€ manner designated herein.
<br />@3. tiniforma.'iort(;agr; [;ovine tag taw; Srvrrability. This (orm of mottyage combines uniform covenants far natianat
<br />use and non-imifarm covenants with limited variations by jurisdiction to cansrinrte a uniform security instrument coverintt
<br />r: al Fr~tpert}'. `i?ts ]4tottgagc sftatl hz governed h}' the law of the jurisdiction in which the Property is lacaked. In the
<br />event that any provision or clause of this Morteage or the Note cantlicis with applicable law, snch canftiet shalt oat at~eet
<br />other previsions of this Mortgage or the Nnte which can ix given slicer without the conflicting pravisian, and to this
<br />end th€ provisions <*° rhf= Mortgage and ific Notc are declared to hr severahiz.
<br />16. Bornrwrr'±ir Cups, Soreow€r shall he furnished a contorntrd copy of the Note and of [hi. Mortgage a[ the tim€
<br />of oxrcutirnt ar after rca,ntation herzat-
<br />i7. 1'ransfrr of lice Propel}'; Assumption. It till or any part o[ the Property or an interest therein is sold ar u'ansferled
<br />by Baen+wcr without Lender's prior written conscnL excluding (al the creation of tt lien or encunthrance suhardinale to
<br />this Mortgage. t.bS the erection of :+ purchasz money security interest for huuxhold appliances, (€) a transfer by devise.
<br />dzsczm or h}' operation ++f law upon the death of a joint tenant or tJ+ th€ grant of any leasehold imerest of three years or less
<br />not containing an option to purchas€. Lender may, at Lender'; option. declare all the sums s€curcd by this Mortgage to he
<br />immediately due and pay'ahlc. ].ender shall have waived such option to accelerate if, prior to the enle or transfer. Lender
<br />and th€ pcr'sun en whom the Prupera} is to t±e sold ur translerrcci reach agreement in writing that the credit of such ptson
<br />is satisiactun' to t.endcr and that the interest payable on the rums secured by this htprtgage shall tx at such rate a. i_rndor
<br />shall request. if 1 ender has waived the option to accelerate provided in this paragraph 1T. ;tnd if Harrowers successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender. Lender .hall release Borrower tram all
<br />nbligatians under this itartgugr and th€ Ni+tr.
<br />II Letrder exrrrises such a+ptiun to accelerate, I ender .hall mail Burrower niuice of acceleratiot is accordance with
<br />paragraph 1<l hereof. Such uatiee shall orovide a period of not less than 30 days from the date the notice is mailed within
<br />which Barrcwcr may pat the sums dret;trrt] duo. ]f Borrower (a;i< n+ pity stash arms prior to rho expiration of such period,
<br />f-zndzr may, without further notice or demand on Borrower, mvo4.e :un~ remedies permitted h}' paragraph 3R hereof.
<br />No'.-t+tvtt'caxu f'tty ~AN;s &*rrow€r :ttrt. Lender [urtts. t 4avvnant cad a~rce as (allows:
<br />tfi, Accrieratioa Remerlieffi Eac€mf ac provided ie part~ranb IT kr«uf, uiwn BorrowePs brzack of any covenant pr
<br />agreement of Ba«awer in tkiz Mortgage, iaciuding ihr covenants to pa} whrit due any sums secured by ibis Morlgt~r,
<br />Linder prior to acceleratioo slnti mttii notice to 8orrowcr as provided in paragraph Id horror specitying: il) the breach;
<br />{2) five action « stnired to cure sock brrack; tt) a date, mN Ir+vt tban Sit days from fire dale the Holier is mailed to Borrower,
<br />by tvbicit sash breath ma4st be cured; cad t4) f4at faHrrc to care sack breach on or before the daft xpMitied io the notice
<br />may rrsolt to ncct>;ertuion tit tkr solos serrucd by this hlartl{age, farrclosure by jttdkiai prorerding and stale of the Property.
<br />ikc Holier shall furtkrr inform Borrower of ittr tight lu reirntate after arcrteration and ihr right to acseH in ihr ioreeiosure
<br />proceeding ike nontaisirnre of a defralt oc any other defense of Borrower to acceleration and foreclose«. If the breach
<br />' is trot cured on or before the tfate sptcNird in the aotice, linder at f,endrr's option may declare all of the sums secured by
<br />this Mortgage to br immediately der amt payable without turlher demand and may fo«dosr by judicial proceeding. Lender
<br />shnl{ be entitled to rolicct in sorb pravreding ail expenses of tonrctosxre, including, bud not limited to, costs of documentary
<br />nvldrncc, abstracts and tltte reports.
<br />i4. Borrowre's Rigbi to Reinalate, Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />8orro+vcr shall have the right to have any prcx:ezdings begun by Lender to zntorce this Mortgage discontinued at any time
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