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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of al] mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any ameunis disbursed by Lender pursuant to [his paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured b}' this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon nonce from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at [he 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 taw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />O 8. Inspxation. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />r that Lender shall give Borrower notice prior ao any such inspection specifying reasonable cause therefor related tv Lender's
<br />inleresY in the 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 [hereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid [o Lender.
<br />in the even[ of a [Drat taking of the Property, the proceeds shall be applied ro 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 by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to 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 Borrower, or if, after notice bV Lender to Borrower twat the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authoriz¢d to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or tv the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone Ihr due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amu::nt of
<br />such installments.
<br />i0. borrower Nvt Released. Euension of the time for Fayment or modiflcation of amortization of the sums secured
<br />try this A-9:~'gagr granted by Lender to any successor in interest of Borrower shalt not operate tv release, in any manner.
<br />the liabih<s of the original Borrower and Borrower's successors in interest. Lender shall oat tea required iv commence
<br />prott~rdirgs against such successor yr refuse to extend time for payment or otherwise modify amortization of the stems
<br />se.;ured by :his Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />i I. Porbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />iotherwisa afforded by applicable law, shall not be a waiver of yr preclude the exercise of any such right or remedy.
<br />iTTee procurement of insurance or the payment of taxes ar other Liens or charges by Lender shall not be a waiver of L.rnder's
<br />~~ right tv accelerate the maturity of the indebtedness secured by this Mortgage.
<br />i2. Remedies Cvmuiative. All remedies provided in this Ivfortgage am distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independe:.,ly or suarssivel}'.
<br />13. Successors and :#ss~ns Bound; 3oiat and Several Liability; Captions. The covenants and agreements herein
<br />contairtrd shat] bind, and [he rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall br joint and several.
<br />The captions and headings of the parngraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />I4. Notice. Except for any notice required under applicable law to be given in anvthor manner, cal any notice to
<br />'~.?orrE,wtr prcaided f^s i..:his hfortgag;v shall !~ given by mailing suvh nation by rectified trail sddrered tzr Brrrcrrv-tr at
<br />~~.ihe Property Address or at such other addres, as Borrower may designate by notice tv Lender as provided hettin. and
<br />'~,t`h} any votirr tc Lender shaft br given by certified mail, return receipt requested, to i.enders address stated herein w to
<br />'~sirch ureter address a- i.crrdrr ntnv designate by notice to Bvrrva•er as prm^irird herein. Any notice provided ice iaa this
<br />'~:rlo: t3agt shall he derr„rd loo have. Sr;rn given tv Harrower ar Lender when given in the manner designated herein.
<br />I5. IJoifesrrt 1!•fertgagr; ~vvr:nierg I,aw; S€^verabtlity. This form of mortgage ramttinrs ttnifarm revenants far naliana3
<br />^.d :.._,.° ^ife ° , L.,a.., ....c~, . - ° ,- - iurisdiction tv -- ~stitrtte a ~ `or~rt sreuriF.= s:~tmrnt €on_ --
<br />~rrai prc+_txrtvw `I7,is~Mort2ageashall~6e~governed~hv~the•law of the ittrisdiction in which the Fre:±ertv is ksa2ed. In th¢
<br />even! ;hat any prvvisian ar clause of ihts hIo .gage of ihr N~.te c~+nPi~ts with appiicabir lak°, suctr contlic.; sttzfll oat nffrat
<br />otfxr provisions of d~.i5 Mortgage er the Note which can be given effect wi[hrnit the cvnflictittg prevision, and M this
<br />end the provisions o the Mortgage and the Nvte arc declared to be severable.
<br />1:5. Borrewrr's Copy. Borrower shat! tee furnished a canfvrmed copy of the Note and of this Mortgage at the time
<br />of ezcrutian er utter recordation. hereof.
<br />i1. 'Eranster at [lee Property; Aarssmptiaa. If all nr any part of the Property or an in±rres2 therein is sold of trarsfrrrtd
<br />by Bnrrawer without Lender's prier written cansrnt, excluding lal the creation of ll IlCtt a: encembrencro subordinate to
<br />ihts Mariga;gr, iht tits: _rration of a purchase money security interest for household applsan.es. (c) a transfer by devise,
<br />desCrni ur try operatx:n of taco upon the death of a joint tenant !tt Idi the grant vt any leasehold interest of three years or less
<br />:Doi rarnaining are option t.s pun:hase. 1_ender may. at tender's option, declare aIi the sums soured hp ores Mortgage to be
<br />tmmeJirztriy due and payat,le. Lender shall have waived sorb option to anelrrate iF, prior to the sate or transfer, l..rndrr
<br />and the person to whom the Property i; to br sold or transkrrect reach agreement in writing that the credit of such person
<br />rs satisfacton~ to I.rndet and that the interest payable on the sum. x.ured h} chi; Mortgage shall be at iuc:h rate as I_rndtr
<br />cltall rcgntst if Tinder h~,±wuiv&.t 2ha` option to acceceleratc provir)tJ in this ixtragraph i7, and if Borr.,we;'; xuvrrssvr in
<br />interest has cxr~s:~ted a wr:ttrtt asstmtptian agreement accepted in writing by l.rmlrt, lender shat] release. Ba.^.ozvtr tram ati
<br />uhiigatiexts under thus Morgagt and the Note.
<br />If Linder rxen:isrs sttrh vptivre to accelerate, Lenzitr chat] mail Borrower natter of acceieralian in accordagcr with
<br />paragrapt Is hereof. Such netiee shau provide a period of not Irss than 30 days frzutt the daft the notice is mailed within
<br />which ldtxrowrr may pa} t.+tt sums declared due. If Borrower tails ro pay' s!t. h ~;ttms prior to the expiration of such period.
<br />Lender nta}~, wizhottt further notice er ztrrnand on Bortoa•rr, ntuukc any rrrnedirs permitted b}^ parasraph 18 hereof.
<br />Nov-Uxtt`oatr t.:vveNar:is. &irrawer and Lender furihtr covenant and agree as follows:
<br />Id. Arceltruivn; Rermrcttrs. F.trrpE tee prom ila paragraph t7 hereof, upon Norrowrr's breach of any covenant or
<br />sigratmeat of Borrower In this Morptaxt, iactadl~ [fie coverraafis to pay whoa dot nay saaut srceered by tirla Miortgagr,
<br />Leader prior to arrrterattvu shall matt nnUre to Burrower ~ provldsd in pwagnph 14 hereof spccifyiv$: (l) 16e breach;
<br />(3) tBc aeEisn rid to recce sorb Iatarb; ts) a fete, flat lase titan 3d daya fYOm the dot[ flf2 aatlaY I$ mailed t0 BOrroWN.
<br />lay erhlcta sac9 trrcacb erect be cared; aad t4) thu fagare to rare tturh breach oa or betorc the date ~teriBed in the aotlce
<br />mqy ramtt in accekration of the same secured by this Mort~e, torechesarc by jadkW proceeding and sak of the Property.
<br />'Lhe notice sfsatt farther inform Brrrower of the right to rei>astate after accekrubn and tiro right to aserrt is the torccMsure
<br />prorsedtag the aaa-ti~r<nre of a dtfauM or nay other defense of Borrowtr to acrekraNnn and forechrsare, tf the breach
<br />b not cared un or befort the due specified in the ootke, Gender at Grader's option may declare aB of for seam secured Dy
<br />tbb Mortgage to bt imamliuely drx and payabk wittaout turlber demavd and may foreclose by ~trdkciai prxeceediag. ],ceder
<br />a~1 Izr tntl~led to ea/~t ~ s!.cb pr+,t~ .~ e*at~es of for~loxre, i~:ding, bat rmt limfi~ to, :oats o* dorsr~ wry
<br />avfdr~ss, ai>Btrsrt. acrd L~ reports.
<br />f9. 1lorraxer's R~6t to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgaee.
<br />Borrower shall have the right tv have any proceedings begun by Lender to enforce this Mortgaee discontinued at any time
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