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<br />Lender's :vritten agreement or applicable law. Borrower shaii pay the asnaunt of alt morn;,age insurance prem,inzrns in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuam to this paragraph 7, with ;merest thereon, shall becemr additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrawer and Lender agree [o other terms of payment, such
<br />amounts shalt tze 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 />perrnissibie under apphcable taw. Nothing contained in this paragraph r shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. I ?nder may make or cause ?o be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Rorrower notice prior to erg such inspection specifying reasonable cause there far related to Lender's
<br />interest in the Property.
<br />9. Condrmnat&rn. The proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lendrr.
<br />In the went of a total taking cf the Property, the proceeds shall he applied to the sums secured by this Mortgage,
<br />with the excess. if any, paid to Borrawer. In the event of a partial taking of the Propery. unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied io the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion :vhich the amount of the sums secured 6y this h3ortgagc immediately p*iar to the date of
<br />taking bears to the fair market urine of the Property immediately prier to the date of taking, wilt the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is ahandoned by Borrower, or if, after notice by Lender to Borrawer that the condemnor otters to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 da}'s after the date such notice is
<br />mailed, Linder is authorized to collect and apply the proceeds, at Cender's option, either to restoration or repair of the
<br />Property ar to the sums secured by this Mort~,age.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not ex?end
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installnten[s.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall rat operate to release, in any manner,
<br />the liability of the origin, i Borrower and Borrower's successors in interest. Lender shall rat he required to commence
<br />proceedings a{;ainst such successor or refuse to extend time for oaymrnt ar ntherwi,e modify art?ortizn±ion of t},e s!=r*ts
<br />secured by this ioiargage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />11. Farbrarance by [.ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw. shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />'t'he procurement of insurance ar the payment of taxes or other liens or charges by Lender shaii not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Martgage.
<br />12. Remedies CumulaHre. All remedies provided in this Martgage are distinct and cumulative ro any ether right or
<br />remedy under this Mortgage or afforded by law ar equity, and may he exercises concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several Liability; Captiots. The covenants and agreements heron
<br />contained shall bind, and the rights hereunder shall inure to, the respective successan and assigns of Lender and Borrawer,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and ere net to tar used to
<br />interpret ar define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law ro be given in another manner. (a} any notice to
<br />Harrower pravidrd for in this Martgage shall be given by mailing such notice by certified mail addressed to &,rrowtr at
<br />the Property Address or at such ether address as Borrower may designate by notice 0., Lender as provided herein, and
<br />(61 an} notice to Lender shall L,e gsvrn by rectified msil, return receipt requested, to tender's address stated herein r_,r to
<br />such other address as Linder may designate t+y notice to Barmwrr as pro„ided herein- Anv no«i,~ p«~vidYd f.-r in ~h~
<br />Mortgage shall he dtrmed to have been given ;o Borrower ar Lendrr when given in the manner drsignattd herein.
<br />I5. Ltnifarni ~Iattaapr; Gnverning I.aw; Sevtrability. This form of mortgage combines uniform covenants far national
<br />us.', °r,d r..-;n- -,ifi:rr° i-r,vsrsnr: with iirriitcd variations ,y jurisdiction to constitute a uniform security ins{rtttttrrt covering
<br />eo'; ~~a,,ertyu' T;i=,'.a-'..:rt~~~ ~;ea 1 ii2 zavzrned `n'} the taw of
<br />ttte tUCISdIC«l011 in w'hic:z ([:e PiapelYY is 14r^at~, In it`d`
<br />e•rent lt?a« an}' pras'i.=:i.~;; t:r c!attse '€rf this :4i~rga~E a:r th= 'v ate cc-nEliCts with applicable laW, st+ch ccmdirr shaii nai ofi2Ct
<br />vt..~ ..r .ti~=
<br />v,.,... .^.~^:s9an~ v .~~u~c iP Pre ' r.te wns-h ran t,r a y_n r *te? w.,_;;at«t .,... Cantt:ettng pr;.`~`s~~-, ff.=z. .~ ..,~
<br />end the nrovrsions of the•~iorlsn2e atnd~thc Nate - r declared tss~t,e crv .tam=,~s - - --
<br />lu. H:;rRrw~za %opy. i'aaarrower shaii be furnished a conformed copy i,f the Nate and of this Mortgagr at the time
<br />of execution or aftt:r recardaiion hereof.
<br />i7. Transfer of the Property; Assumption. If all ar any part of the Pniperty or an interest therein is sold or transferred
<br />by Bnrrowrr without Lender's prior wrirren consent, excluding (a} the creation of a lien ar encumhrance suhordinatr to
<br />ehis Mortgage, (h} tine crtatior of a purchase money security intrust far household appliances, tc) a transfer by devise,
<br />descent or by operatisu of law upon ehn death of a joint tenant or tdl the grant of any leasehold interest of three years or less
<br />rat containing an option to I,trrehase, l,ende; may, at Lender's option, declare all the runts secured by this Mortgage to be
<br />immcdiatcl}' due and payatale, i.ender shall have ,Waived such option to accelerate if, prier h, the sale ar transfer, Letsder
<br />and the prrsan to wham the Prc,perty is to be sold or transferrrd reach ugrecment in writing that the credit Ut such petr>*xt
<br />is satisfaeu,ey to tender and that thz interest payahit on the sums secured by this Mortgagr shall be at such rate as i.tnder
<br />shat. request. 1' l.rnder has waived the option to accelerate priwided in this paragraph I7, and if Borrower's succcss,,r nt
<br />interest has executed a wrrtttn assumption agrctnrrnt acctprod in writing by Lender, lender shall rdtasc Borri=wrr tram all
<br />obligations under this Maartgagc and the Nate.
<br />if Lrndtr exercist.^ss su4h option to acccicrate, C_tntttr shall nrait Borrower nc?tic? of as:<~icration in as:CUrdancc with
<br />paragraph 14 hr.rtof. Such natter shaii provide a fxrriod of not Irss than 3t) days tram the daft the nonce is mailed within
<br />which Barnewrr may pay the runts cieclured iiur if Borrower fail. to pay such .urns pear to the expiration of such period,
<br />l.rndtr may, without further notice or demand an Rorrower. +nvoke any remtdits permitted by paragraph i8 hereof.
<br />Ivrs^t-Ci Ntroa xs (°ovR.N~N rs. iiirrmwer and Lrndtr further eoVrnaut .trtci axtre as foliaws•
<br />.a Ad~rlr<~raa; Rememrn. 1'sacaxpi as provided in paragraph IY bocce[, upaa Borrower's brrarh of any covenant or
<br />agrtxmant at Borrower in this t4lortgage, inctudi~ fire rovenwHs to pay when due any moats secured by t6b Mortgage,
<br />Leader prwr to aca~leraHan shaii mail rtotlce to Borrower as provided in paragraph 13 hereof specifying; il} th? breach;
<br />(3} the action requicad to care mch breach; (3} a date, ttof tt~ than 30 days from the date Rte notice ht maBad to Harrower,
<br />by which each breach must he cored; end (A) that faiiare fu curs such breach tan or before the date sgeriNad is the aaHrc
<br />truly result in acceleration of the cams secared by this Mortgs~c, foreclaearc by Jadiclal proreedlag and saw a! the Property.
<br />The stotice shag iurthrr iafarm Harrower of the right to rchrsfate after accehratioa and the right to assert is the forecbeare
<br />praceed}t~ the noa-exiateare of a default ar say other tiefeese of Harrower to acceleration and forccbsttre. If the breach
<br />Ls rat curd on or before the dater speclBra' in the notice, Lender at Leader's option tttay declare sit of the stuns secured by
<br />this hloxtgagc to bt imrttediately doe and payabk withtmt further tlematsd and trap foreclose by judicial ptnctreding. Leader
<br />n'C~l ba eaHtled to collecf is such prttcecding ail expetr~ of foreclosure, inciutNttg, but not limited to, CtMYe Of docutoeatary
<br />aridence,abstracta and titiC repot@t.
<br />19, i3arrower's R~ht to Reirrstnt+e. Notwithstanding Lender's acccleea[ion of the sums secured by ehis Mortgage,
<br />Harrower shaii have the right to have any proceedings begun by Gender to enforce this Mortgage discontinued at any time
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