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Lender's ~u~a:riften agreement or applicaable law. Borrowtr shalt pa}• xie amourtt trf all ntattgage insurance premiums in ti~te
<br />manner provided under paragraph 2 hereof.
<br />~~ Any amounts disbtrred by Lender pursuant fo this paragraph 7, with ineerest titereor,, shall become additional
<br />indebtedne<_s of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
<br />ice, amounU shall he payable upon notice from Lender to Barrower requesting payment thereof, and shalt `hear 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 />n iraerest at such rate would be contrary to applicable taw, in which event such amounts shail br_ar intertst at the highest rate
<br />`~%y permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />+ any action hereunder.
<br />i S. fnspeetion. Lender may make or cause to be made reasonable entries upon and inspections of the Praperty, provided
<br />t~ that Lender shall give Barrower notice prior to any such inspection specifying reasonable cause iherefar related to Lender's
<br />fem. interest in the Property.
<br />9, Condemna#ioa, The proceeds of any award or claim for damages, direct or conseque,d;,.l, in connection with any
<br />condemnation or other taking of the Property, or part thereof, ar 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 shall 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 />otherwise agree in writing, there shall be applied to the sums secured ny this Mortgage such proportion of the proceeds
<br />, as is equal to that proportion which the amount of the sums seeurrd Iiy this Mortgage immediately prior to the date of
<br />taking hears to the fair market value of the Property immediately prior to the date of taking, with the balance of the pxocteds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after naticc by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Horrawer fails ro respond to Lender 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 to restoration or repair of the
<br />Praperty ur to the sums secured by this Mortgage.
<br />Unless Lender and Barrower otherwise agree in writing, any such application of proceeds ro principal shall not r..fcnd
<br />or postpone the dot date of the monthly instnliments referred to in paragraphs 1 and 2 htreai or change the amount of
<br />such installments.
<br />lit. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums steurod
<br />by fhis Mortgage granted by Lender to any successor in interest of Borrower shall net operate to release, in any manner.
<br />the liabili!y of the origin:~l Barrower and Borrower's successors in interest. Lender shall net ht required to commence
<br />nrnrPnd;nne ,.~_,;nct umh cu~rrccnr ar rrfircr to nrrPRd time far pa roger nr ntherwicge mortify amaxtization of the HnmS
<br />Y
<br />senrred by thrti ~inrtgage by reason of any demand made by the original Borrower and Burrowers successors in interest.
<br />lt. F'arbearanre by Lender Not a R'siver. Any forbearance by Lender in exercising any right ar remedy hereunder, or
<br />otherwise atTorded by applicable law, shall net be a waiver of or preclude the exercise of atrv such right or ixmedy.
<br />The procurement of insurance or the payment of taxes ar ether liens or charges by Lender shall not tse a waiver of Lender's
<br />right to accelerate [he maturity of the indebtedness secured by this Dortgage.
<br />i2. Rernrdies Cumulative. A)1 remedies provided in this Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage or afforded by law or equity, and may he exercised concurrently. independently or sucetssivt}y.
<br />13. Successors and Assigns Bound; Toi.nt and Several T,iabt7ity; Captiotu. The covenants and agreements herein
<br />cant~intd shall bind, a»d ihr rights hereunder shall inure ta, the respective successors and assigns of Lender and Horrawer,
<br />subject to the provisions of paragraph I7 hereof. All covenants and agreements of Borrowtr shall be joint and several.
<br />7ite captions and headings of the paragraphs of this Mortgage are far convenience only and arc net to he used to
<br />interprri or dtflne the provisions hereof.
<br />iii. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrowtr provided far in this Mortgage shalt be given by mailing such notice by certified mail addressed to Batrvwtr at
<br />the Property Addres er at such other address as Barrower may designate by notice to Lender as provided herein, and
<br />(h) any naticc to Linder shalt i+e giver by certiexGd mail. return rtctipt requested, to i.rnder's address stated herein nr xc
<br />such 'the °dd;° r i~d:^ d€-- art b., natter tc- Bar-ewer as pravidtd htrti.^.. An}' z'nr;or *r•,vid~ for ;n chi`
<br />Mortgage shall be;dcrrurd to bout l±etn~given to He+rrou:tr or [+ender when given in ihr manner designated herein.
<br />15. tlni[orm ;~iortgaf;e; Governing isw; Severabgity. This form of martgag: combines uniform cavtnants fur national
<br />u~ acrd true-oft€forrra .. vr:na^t; w=ih lim rt •'=ariatimts by turisdictian fe constitute a uniform s€c;urity instrument covtrittg
<br />t=ai nra~Grty. `This M3rr~_ge sh~ii he Uoverned by tits' taw of the iurisdiction in witch thz Property is Iucaxed, in tits
<br />event ;h.tt any p:r......t :, :.,..u,~ ..f ti`ts'v':artgagt or the Note con9rcts whit applicable taw, such .an.ttet shall rt-at aPetc;
<br />ct!` - t. ._ ~ L- E~_ ~. ., ~ ~.~ can 4ivGr, e*;. _..,,.,.,, ,... ..antsic. _ t. _,ic;^., ,.,._ ._. ,..._
<br />end tt° .s.,,..-,r:h< ~a.~`*.ac =:x?~tl=~~'~€:t: -- cr=~?armed fr- i~ ~~vt.a'tt~.
<br />i6.~ Borrower's ropy. Horrawer shalt be furnished a atnfurmrd copy of the Note and of this Mortgage at the time
<br />of txrcu[iat or after recordadan hertaf.
<br />17. Trnnsftr of the PrapeHy; Asumption. if all ar any part of the Property or an interest therein is said or transferred
<br />6y Barrower withrnrt Lender's prier wrintn consent. excluding (a) the creation of a lien or encumbrance subardinatt to
<br />this Mortgage, t),) the creatian of a ptrrchsse money security intertst far household appliances, (r) a transfer by devise,
<br />descttrt ur by oix:ration of law upon the death of a joint tenant or tdt the grarx of any leasehaid interest of throe years or less
<br />oat captaining an option to purchase. Ltnder nmay, at Lender's option, declare all the sums ser•urrd by this diartgagr is bt
<br />immediately due and payable. Lender shall have waived such option fu accthratt if, pttior to the: Sala or transfer, Lender
<br />and the person to wham tttz Praptrt}' is Fv be sold ur transferred reach a$rttmtnt its writing that the credit of such ptrsan
<br />is satisfactory «r I.rnder and that the intertst payable an the sums secured by this Riortgage shall be at such rate as f.endtr
<br />shall reyttast tf Ltnder has waived the aptian to aceritratc provided in this paragraph 17, and if Boxmwtr`c su::cexcor in
<br />intextsi hu•. executed a written assumption ugrrrment accepted in writing by l.rnder, Lruder shall releaso Horrawer err+m all
<br />obligations under this Mortgage and the Nats.
<br />!f Ltnder extrci:~s s.aeh option to accrlreatr. I.rrtier shall mail Harrower naticc of acetltration in accordanst with
<br />paragraph ]4 hrstaf. Such notice shall provide a prriad of not less than 3t7 nays franc the daft the notice is maiitd within
<br />which Harrower mny pay the stints dtciared due. [t Borrowtr fails ro pay such sums prior to the rxpixatian of stu;h period,
<br />I.endrr may. without further notice ar demand itn Harrower, invakr any rtntedits permitted h}' paragraph Ig hereof.
<br />Nux-i)idirpaat Cttvt~Hnit7`s. Horrawer and t ender Further covtuant and n~ertr as follows:
<br />lil. Acrtirr~3oa; Rrtnedirs. F;xeepr as provided in paragraph 17 hereof, apes Borrower's breach of any roveaaat to
<br />atgreement of Borrowtr in ibii Mortgage. iuclndirtg fire covenants to pay when dae env autos str'ured by this `3origage,
<br />Lander prior [n acrekratlon ahaB mail notice is Borrowtr as provided is paragraph 14 hereof specifying: (ll Wr breach;
<br />I2) the action rrytttred to cure such breach; tai a date, not Ims than 3tt days from the date the aat}ce b mailed to Horrawer,
<br />Qty which such breach must be rstrrdy tend (d? that failure to rum sue6 breach oa ur before the date sptrifled in the notice
<br />may rrsait in aecelexatloa of the soars secured by the hfortgsgc, torei~arr by jfrdlriat prace~ing and sak of Ihr ProptMy.
<br />The natlce shall further inform Borrower of Ike right to rciastate aHrr accekrathrn and the right to assert in the foterlasurc
<br />prorrediag the aott-ettiatnece of a drfrtdt or any outer defettsr of Borroter to acceleration aad forrrtaaure. If tiro breach
<br />is teat cured on or before the daft sptci8ed to the aotMe, Leader pt Leader's option may declare ail of fire stuns recurred by
<br />this 1M1'iortgage to be hnmediately due amt T,tyabfe without further demand cud may forcciose by judicial proceedlttg. Leader
<br />sbfdi be rathkrl to collect iu such proceedhtY di expenses of toreelosnre, lttctuding, but not Itntbed to, coats of documentary
<br />R,cP, .twrrarta title repari_s,
<br />!4. Bo.~we?s &~bt to Reit~xtt. Notwiihstandipg Ler;drr's accrleratian of the sums secured by this Martgagc,
<br />Borrower shalt have fire riLtht to have any proceedings begun by Lender to enforce this hiortgage discontinued at any time
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