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Lender's written agreement or applicable law. Borrower shall[ pay the aenotmt of all mortgage insurance premiums iri a}te
<br />manrrr pr'vvided 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 6y this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower regaesting 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 Notr unless pa}mtent of
<br />~ interest at such ra:e w•auld be cantrary 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 cr take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable c ntries upon and inspections of the Property, provided
<br />~ that Tender shalt give Burrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />~ intemst in !fie Property.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or fur conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lender.
<br />L^ the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Burrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there s}ta{! be applied to the cams secured by this Mortgage such proportion of the prcx:eeds
<br />• as is equal to that proportion which the amount of the sums secured b} this Mortgage immediately prior to the date of
<br />taking bears ro the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Dorrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award yr settle a claim fur damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and appi}• the proceeds, at Lender's option, either to restoration or repair of the
<br />Property yr to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principa! shall not rztend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and "hereof or change the amount of
<br />such installments.
<br />Lt). Dvrrawer Not Released. Extension of the lime for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Dorrower shalt not operate en release. in any manner,
<br />the liability oC the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refasr to extend time for payment or otherwise modify amortization of the sums
<br />srcursd by ibis Mntigage by reason of any demand made by the original Borrvwer and Borrowers successors in interest.
<br />Ii. Forbearance by tender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurrmem of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />nigh[ to acceirrate the maturity of the indebtedness secured by this Mortgages.
<br />1Z. Remedies Cumuiativr. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently, independently or successively.
<br />13. Sacrescars and Assigns Bound; Soint and Several t.iabIlity; Captions. The covenants and agreements herein
<br />eontaitted shall hind, and the rights hereunder shall inure to, the- respective successors and assigns of Lender and Borrower,
<br />subject to [hr provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall 6e joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for tvm'enience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Exctpt fur any notice required under applicable taw to be given in another manner, (a) any notice to
<br />Borrvwer provided for in this Mortgage shall he given by matting such notice by certified mail addressed to Borrower aE
<br />the Property Address yr at st.th other rddress as Borrower may designate by notice to lender as provided herein, and
<br />(h} any nvtitr to Lcndrr shall be given by certified mail, rrtnrn receipt requested, tv Lender's address stated herein or to
<br />such ether address as Lender may designate by notice to Borrower as provided herein. Any notice provided far in this
<br />h'lort);age sh-alt he deemed tit have (seen given to Bvrnwer yr Lender when given in the manner designated herein.
<br />55. L%nif.rrm Mtsttg~r: tJavernirtE Law: SevereMiity. 'i'htc form of mortgage cambtnrs uniform covenants for national
<br />u==_ s„ct nc,t?-unit_,,m s±,~ ar,±s with iimitc.! vr:a!s:,ne by jatrisdicti±,n fv constitut° a -^-ifoma .~ -r:t* -nst*F~ma'nt covering
<br />real pr~~rt}~. T`h+~ M_~= _ := shall Ise gvverne~ ~.~ the law of the _un.di'tion -t which the Prnfx~*r i, txated. !n the
<br />event in:+t e ~ t„ . 4 zinc of ii+i? ~Ii3rirtarc ire the itiOtr ~Un ni~ta with ai 6nk,i r?ir raw. Sttih vs.ne.,,.t shall not a$ett
<br />other otn4txic~ns nf'thts 4tongaFse ~r the Ncite which ran he liven effe~r with+?ut the .~nnffictin~ prrx~~isign_ ann_d to this
<br />end the provisions of the fvLvrtgage and the ?vote are declared to be severable
<br />1!b. 9arraxrr's caps. 3orrawer sisal! hr furnished a conformed copy of the Noie and ;sf this Alartasge at ihs time
<br />of execution or alter recordation hereof.
<br />17. Traoairr of the Peoperty; Ataumptian. If all yr any part of the Property yr an interest thrrcin is sold yr transferred
<br />b}• Bornswcr without i ender'€, prier written consent, excluding fa) the creation of a lien or encumhrancr subordinate tv
<br />this Mortgage. (b) the arcation of a purchase money' security intenzst Pvr hi7usehold appliarcrs, (t) a transfer by dcvisC,
<br />decent yr by <y;>eration _ t law opera the death of a joint tenant or tdi the grant of any lra~hald interest of thse~ years a€ less
<br />not cou(aining an option t++ purchase. Lender may, at Lender's option, declare ail the sums secured by this A1oRgagr tv tse
<br />irnmeciiata)y due and payah".e. fender snali have waived such option to nceelerate if, prior to the sale yr trsnsfrr. Lender
<br />and the perxsts to whom t}se Property is to br shal rr transferred reach agreement in writing that the trrdst of such person
<br />is satisfactor}• to Txndcs and that the intrrc~.t payable on the sums secured by this Mortgage shall be at such rote is Lcndrr
<br />shall regt:rsi. if l cnaftr has watvrii t option to a.ce!etate provided itt this paragraph 17, and if Borrawmr's st~::r~.s~.r i:t
<br />interest has executed a wrtttrn ateurssptian agi•rrmrnt aiceptrd in writing by !.ender, fender shall release Borrower from all
<br />obligations under thix Mortgage and the Notr.
<br />if i.endre exercises sakh o~tos+ to atr;rlerate, t.enekr sha{i mail Bnrceswrr notion of stccrlerativn in acatttLaner with
<br />,aragraph ld hrrrx±t. Scch raotite shah provide a period of oat less than 3U dots from the date the n.stite is mailed within
<br />which Burrower may pay the sums dot !;teed dot. if Burrower fails ro pap such sums prior to the expiration of xttch period,
<br />C..endrr m}ty, without further na±rcc ar demand on }ksrriswrr, invoke any remedies permitted by paragraph 18 hereof.
<br />ir')N•iiKtri7`rsii t~.i'~w.st rc. ~._.rr,wer anrj Lgrratr firrttter crft2nant and agree a5 ltsilaws:
<br />t8. '.rc~rattaa; Rea~~. ;~~~ a:i praxi~d 9 psr~r~ i' ttFraf, epee Barto:rer; br~cb of nay cavsttaat ar
<br />ttgrernteat of Borrower let this Mortgage, inetudl._g for cnvrnatetx lu pay whra due any sarwv xecurvttl 6y this Mor~tq(e,
<br />!.evader polar to aceetcrtBlan abet! taa31 utrtice to Btrrro~rr ~ pr6*rid ice partgraph l4 hereof sperFfyiagt (1) for bt•errcht
<br />(2} for acttare required to corm tmcb 6rmacts: (3} a dace, clot iem thou 3a days Crone ibe date the etotice is mailed to Borwwrr,
<br />by rrbkb such breach !Host be cued; and (4) chat iapurc to cam such brcat h os or before tM date specified in the mtNcr
<br />rosy remit in sccelerat~ea of the rutm secured by this Mort~es Comloseerc by judkial pracredireg amt sate of the t'taperty.
<br />The notice shall further Fnfornt $orra,ver oC the right to minsbHe attar arcrteratioa and the tight to asstrt in the Cateclosurc
<br />proeeedittg the noerex~tence of a defaalt or asy other dtfettsr of Borrower to acceleratMn and fareclasam. if the brettcb
<br />is met eut~d on ar before the date apect(ied in the trotice, Lender at lender's option tns(y declare alt of the soma secured by
<br />this Mortgagz to br Fateteedlateiy due toed payable vrithoat further demtmd trod may foreclose by jwlklal proceedieeg. l.e»der
<br />shall be euiitled 4a collect is sack procetditeg aB expel of farmcl~m'e. includratg, but cat limited to, sorts of dacnmrntsry
<br />evidence, abstracts cad title reports.
<br />fl9. BorratseCa RFgh/ to Reisstate. Nuiwithstanding Letder's acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have any proceedings begun by [.ender to enforce this Mortgage discontinued at any time
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