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<br />Lender's written agreement ar applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />jfl Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shat] become additional
<br />indebtedness of Borrawer secured by this Mortgage. Unless Borrower and Ixnder agree [o other ?arms of payment, such
<br />amounts shall be payable upon notice from Lender io Borrower toques?ing payment thereof, and shall hear interest from the
<br />date of disbursemem a4 the rate payable from time to time on outstanding principal under the Nott unless payment of
<br />..~. interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest a[ the highest rate
<br />permissibU~ under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or lake
<br />any action htrcurder,
<br />i 8. (asprtNon. Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />~ that Lender shall give Borrawer notice prier to any such inspection specifying reasonable cause therefor related to Lender°s
<br />h interest in the Property.
<br />9. Candemnstinn. The proceeds at any award or claim for damages, direct or cansequentiai, in connection with any
<br />condemnation or other taking of the Property, or part thereoL or far cam•eyance in lieu of condemnation, are htrehy assigned
<br />and shall he paid to Lender.
<br />In [he 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 $orrower. In the event of a partial taking of the Properr•, unless Sarrower and Lender
<br />otherwise aeree in writing. there shall Fz applied to [he sums secured by this Mortgage such ptopartian of the proceeds
<br />` as is equal to that proportion which the amount of the sums secured by this Mortgage immediately pride to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the t?alance of the pmcecds
<br />pzid to Barrmver.
<br />If Che Property is ahandaned by Borrower, ar if, after nMice by Lender to Borrawer that the condemnor afters to make
<br />an award ar settle a claim far damages, Harrower fails to respond to Lender within ;(t day, after the dare such notict is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Gender's option, either to restoration ar rei av of the
<br />Property ar to the sums secured ny this Martgage.
<br />Unless Lender and Harrower otherwise agree in writing, any such application of proceeds to principal shall Hai extend
<br />or postpone the due date of the monthly installments referred m in paragraphs 1 and '_ hereof or change the amount of
<br />such installments.
<br />e~rawtr Nat ~seleased. Extension of the time for Faymert ar madificatimt of amortization of the sums secured
<br />by ilvo~:\..~~.tcage granted by Lender to any successor in interest of Harrower shall not operate to release, in any manner,
<br />the liatsili~}~ of the original Sarrower and Borrower's successors in interest. Lender shalt not bt required to commence
<br />prcx:ecrdings against such successor ar refuse to extend time far payment or otherwise modify amortization of the sums
<br />sccua~ed bt~ lhis Martgage by reason of any dtmand made by the original Borrower and Borrower's successors in interest.
<br />il. ;rorbearance by Ltnder Not a Waiver. Am~ forbearance be Lender in exercising any right or remedy hercundtr, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of an}' such right or remedy.
<br />The pracuremenf of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lenckr's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies CumulaHvr. All remedies provided in this T+fortgage are distinct and cumulative is any other right or
<br />remedy under this Mortgage or afforded by law or equity, :and may he exercised concurrently, independently or successively.
<br />t3. Saetrssors and Assns Beard; Aslnt and Several i.iabi7ity; Captions. The cove-Hants and agreements herein
<br />contained shall bind, and the rights hereundv shall inure to, the respective sucwssars and assigns of Lender and Borrowtr,
<br />subject to the provisions of paragraph l7 hereof. All covenants and agreements of borrower shall be joint and several.
<br />The captions and headings of the paragraphs of [his Martgage are for canvenitnte only and are nut to br used to
<br />irsterpret or define the provisions hereof.
<br />14. Notice. Except for ary notice required under applicable law to bt given in another manner. cal any notict to
<br />Borrowtr provided for in this Mortgage shall be givr.n by mailing such notice by certited mail addres`td ro Borrower at
<br />ih+; Prairerty Address or at such other address as Borrawer may designate by notice to Lender as provided herein. and
<br />(bl any native to Lender shall fre giwcn tt}^ certified mail, return re•_aipt requested, [o Ltndrr's address staled herein ar to
<br />,such ocher address as Ltnder may designate by notice In Barrou•tr as provided herein. Any native ptz±vidtd fax in Chic
<br />Ivtartgage shall C,t dsemed to have been given to Borrowtr ar (.ender when given in the manner designated herein.
<br />t e Ltnuay; rltartT~'; :-ova n_e lws,~; =zve~+`~1' it .?'his fa: t , cf - - '
<br />~ y a:orCgaet co.^.1$ta.^S ::nifarrrt -.-ov;.nan;s far n:.;ional
<br />nst and Han-wCiform covenants wish limited vacations by jurisdiction to ennstintte a uniform security instntment rnvtrin_q
<br />:csl FrC++;=~rty~. 'r his. A•,L:,ag=• shah be gceveeraed 'n: the law of [he jurisdiction in which ihr Proprri}• is io.:attd. (n t~
<br />c'-vcni that any p'ovisiaa ar c..,.,t ~,f tl;is Af..rtgagc or tt`te r'dc;te LzfinP;cts w°ith applicable law, such ca,nnict shall rtor arias-t
<br />other provisions of this Mortgage ar the Nate which can bt given effect without the conflicting provision, and to this
<br />end the provisions a~ the Martgage and the Nate are declared to br severable.
<br />16. Borrower's Copy. Borrower shalt be furnished a conformed copy of the Note and of this Martgage ai the time
<br />of exeeutian or after recordation hereof.
<br />(7. Transfer of the Property; Assumption. if alt or any part or the Property or an inttrcst therein is sold M transttrrtd
<br />by $orrower without 1,: ndtr's prier written consent, excluding ial the creation of a lien or encumbrance subordinate to
<br />this Mortgage, tbi the creation of a purchase manly >r:cnrity interest for household appliances, tot a transfer by devise,
<br />descent or by oprratian of law upon the death of a joint tenaru or till the grant of any Icasrhold inters? of [belt yeah ar less
<br />Hat containing an option u, purchase, Lendtr Wray, at fender's option, declare all rite sums sect€red by this Mortgage to bt
<br />imrnediatety due and payable. Lender shall have waived such option to accelerate if, prior to the salt or transfer, Gender
<br />and the person t.~ wham the Pr.?perry i, to be sold ar iransterred reach agreerrieut in writing Chat the credit of such ptisrn
<br />is satisfactory to C..ender and that the interest payable on the sump secured by this Mortgage shall be at such rate as Ltnder
<br />shall request. It Ltnder has waived the optian to accelerate provided in this paragraph l7, and if Harrower', su.•otswr in
<br />interest has txetu[td a writ€tn assump€iun sgrs:-zmt:nt accepted in writing by I.tndtr, Gtndtr shall rtltase Barr.,wir fra€n alt
<br />otligations under this At'origagt and ttie Noit.
<br />If Lender exercises such optian to aecritraie, L.tndtr shall mail Sarrower notice of acceleration in accardanee with
<br />paragraph 14 hereof. Such notict shall provide a period of not Teas than 3l1 days from the into the txxice is mailed within
<br />which Borrowtr may pav the sums dcriared dot. if lorrowtr fails ro pay such sums prior to the txpiratiort of stkh period,
<br />Yudt r„a;, ni€h; xi€ -`.,x,..~_ .,~,.,__ or J~ .and an °:srr'r.~cr, irsvokc any rrmea'ics perrnstCtd by paragraph 3:1 hereot.
<br />Nov-Uwt~oasi i;ove::xvrs. Borrowtr and Lender further a+venani and agree as follows:
<br />($. Accekrafba; (teraedies. F.xtrpt as provided in paragraph 17 hereof, span Borrower'a brrtd of nay cavraant ar
<br />agreement of Borrowtr ds this Mortgage, iiicioditig the covenants fa pay when dr~e any team saluted by this Narfgaitr,
<br />(,reader prior to accetrration shag mail notice to Borrower as provided in paragraph 14 brrtot specifyias: (() tde droned;
<br />(2) id. artlon regoired to tnre sncd Death; (3) a date, riot less than 38 drys from the dale the aoticr d mailed M Hormwrr,
<br />b9 which Bach Meath mast br tared; and I4) that fa0irrr to tare such breach on or lirforr the date sprri~d is the rmtlte
<br />may reaad in acceleration of rice arms secnied by this Martgage, [orecl~are by jndktai proceeditgg aad sale a[ ihr Property.
<br />The entice shah lmiher inform & rrower of the right to reinstate after acteicratiow and the light W assert in the foretbsirre
<br />• prarardht; ihr non-r:fstente of a drtaali or nay other defense of $orrower to rtcekraNoo grid tonec(osare, If the bntrch
<br />is ~t cnmd oe or before ihr date specl6ed la the notice, (.ceder at Leader's option may declare a8 of the sums rxrared by
<br />this Mortgage !:s bs inimrdialely d~ and payable without fariber dtmand and may foreclose by jadielal prareedtat. Leader
<br />sbrdi far en'8rd to roSrti in sncd procrediag all expenses of forerlosnrc, laeiudbig, hot not BmNed to, cosh of documentary
<br />evidence, abstracts and iitie reparro.
<br />i'v. 8arrawrt's x~ht to s-teitretate. Natwithstaixling Lender's acceleration of the sums secured by this htorigage,
<br />rirmw•er shall have less rt,iti to have aat• provteiliags dun b}° Lendtr to eft€arct ibis Martgage dlscontinurd at any time
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