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<br />Lender's written agreement or srpplicabie law. Borrower shall pay the amoum, of alt mortgage insurance premium.^> ce the
<br />manner nfovided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant tv this paragraph 7, with interest thereon, shall become addi[ivnal
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shat[ be 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 tune on outstanding principal under the Note unless paymene 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 law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />fi. Inspecrion. Lender may make or cause to he made reasonable entries upon and inspections of the Property. provided
<br />that Lender shall give Borrvwer notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Caademnation. The proceeds of any award or claim for damages, direct or consequential, in canneetion with any
<br />condemnation or other taking of the Property. ar pan thereof, or for conveyance in lieu cf condemnation, are hereby assigned
<br />and shall be paid fo 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 Aorrower. in the event o! a partial taking of the Property, unless Aorrower and Lender
<br />otherwise agree in writing. there shalt he applied m 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 valve of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid ro Burrower.
<br />If the Property is abandoned by Borrower, or if, after notice by bender to Borrower that the condemner 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. L.endcr is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to she sums secured by this Mortgage.
<br />Unless Lender and Borrower othenvisr agree in writing, any such application of proceeds to principal shall not extend
<br />yr pavpone the due date ,~f ti,c monthly installments referred ro in paragraphs i and 2 hereof ar change the amount of
<br />such installment-:
<br />10. Borrnr•~r'Nat lr~eieased. Extension of the time ter payment ar modification of amortization of the sums secured
<br />by this Mortgage granted by Lender in an} successor in interest of Borrvwer shall not operate m release, in any manner,
<br />the liability nt the original Borrower and Borrower's successors in interest. I-ender shall not he required to commence
<br />orpceedin¢s snainst such successor nr refuse to extend rim? for nayment yr otfiorwicg modif}' amnrfi~ation of the sums
<br />secured tsy chic Mortgage by reason at any demand made by the original Burrower and Burrowers successors in interest.
<br />1 i. 'Forbearance by Ixndtr Nvt a Waiver. Any forbearance by Lender in exercising any right ar remedy herevndtn or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />"f`he pea, urement of insurance or the payment of taxes or other liens or charges h}' Linder shall not be a waiver of Lender's
<br />right to acceirrate [he maturity of the indebtedness secured by this Aivrtgage.
<br />12. Remedies Cumulative. AH 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 he exercised concurrently. independently or successively.
<br />13. Successors and Assigns Bound; Joint and Sereral Liability; Captions. The covenants and agreements herein
<br />contained 4haI1 hind, and the rights hereunder shalt inure to, the rtspectivr successors and assigns of Lender and Borrvwer,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shalt i+c joint and several.
<br />The captions and headings of The paragraphs of this Mortgage are far convenience only and are not tv he used t.
<br />interprot or define the provisions hereof.
<br />l4. Alotiee. Except far any notice required under applicable law to be given in another manner. (a) any notice to
<br />Burrower provided for in this Mortgage shalt be given h~ matting such notice by certified mail addressed n-r Barrvwee at
<br />the: Property Address or at such other address as Borrower may designate by notice tv L.ender as provided herein, and
<br />fbl an no€ice to Lr=nd_r stall 6r glut=n by ertified mail, return receipt r: quested, to Lender's address stated hr;'rin ar to
<br />c.r h nthet addres-5 as I etidrr m,v d.~sinnare by notice to Borrower as pravid?d herein. .Any a4?{iCr pravidcs_t for in ;his
<br />Aiortgagr shalt tx deemed to have been given tv Borrower or l.rndcr whin given in the manner designated herein.
<br />15. t)nifomt Mortgage; Governing i.aw; Sevsrability. This form of mortgage rnmhines uniform covenants for national
<br />ust anti nntiunifurm ~nvsnbnts with limited rariatians t}' jurisdiction to canstitutt a uniform security !ns[rument covering
<br />tai property. "uric Mort4age shah br ¢averned by the taw at the iurisdictinn in which the ProaertY is icxatesi. Its the
<br />.ar„ <~-
<br />evert[ thaE any ;- - - tor, r.- .oust at this M~+rtgagz or the Note conPicts with atppiicahtr law. such cvnRict =hall not afI€:•t
<br />ether arovisione of r~~c rvt,n~,age or rhr Note which eaF, t+r given eRee~ wi{hee,g :... eannirtine p,-~,v;ciorz, a=: ev .hie
<br />end rte prime ~~ns of he itit utgapc uttd the Note ar>' de4lared to be sgverablr.
<br />lei. Borrower's Copy. Borrower shall be furnished a ronforme3 copy o[ the Nate and of this Martgagr at the time
<br />of execution or aRcr recordation hereof.
<br />13. Tretrster at the Property: AssumptWa, If alt or any part of the Property ar an in[rrest thr.rein is sold or transferred
<br />by Barrr,wer without i cadet's prior written consent, excluding fa) the crratian of a litn ar encumbraner sutxxdinutt to
<br />this Mortgage, (h) the creauan of a purchase money security interest tar household appiiancrs. (e) a transfer by devise,
<br />descent or by operation of taw open t?te death of a joint tenant or (dt the grant of any Irasefiaid interest of there years ar less
<br />not containing an option t,t purchase. I-ender may, at Lender's option, declare all the sums secured by this Mortgage tv be
<br />immediately due and puyahle. Lender shall hour waived such option t;r accrlcrnte if, prior to the szdc or transfer, t-ender
<br />and the person to whom the Property is to be sold or transtrrred reach agreement in writing that the credi€ of such I+rrsvn
<br />is satisfactory to Lender end that the interest payable an the sums secured t+y this Mortgage shall be at such rate as ! ender
<br />shall rryuest. if i ender has waived the t+ption to accrirrate provided in this parngrept i7, and ir` Borrower's succa'.sor in
<br />interest has executed a written assumpfion agreement acrtpted in writing by i ender, Lrndtr ,hall release Sirn'awer from all
<br />otfligations under this Martgagr and the Note.
<br />It Lender exercises such option to accelerate, t-ender shah mail Borrower notice trf accsieratian in accardanes with
<br />paragraph td hereof. Stich notice shall provide a period of not Irss [her 3i1 days fr+m the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower tails to pay such .ems prior tv the cxpira[ion of such period,
<br />I-under may, trittauut further notice ar demand on Harrower, invakr an} remedies permitted by paragraph t$ hereof.
<br />Nart-L:wn oaM C'avr,NAN'rS. Aorrower :rod Lrndrr further ccrvrnunt and agree as follows;
<br />l8. ~crekrra; Rertudits. Earept as provided is paragraph iT htrsat, upon Borrower's breach of nay coreaaat or
<br />t~retntsnt nt Burrower in thkr !4toHgage, iacitrdintg ihr eorenaats to pay when due any soma scented by tbk winrignge,
<br />Leader prior to aecekraiion shag mail ewtice to Barrowtr as proridsd in paragraph id hereof specityittg: (t) tbt brexbt
<br />(2) the action required to cure such breach; !3) a date, twt late than 30 days from the date the notice b mailed to Borrower,
<br />6y whkh ssch breach mast be cured; and (4) that fagnre W care each breacb on or before the date apecided to tAs aotkt
<br />may restrh is accekratiaa of the sums serursd by thin Mortgage, toreciasurc by jodMia! proceeding and eels of the Property.
<br />The notice shah further inform Borrower of the right to rcirtstate after arcekratian and the right to assert is the forerlosurc
<br />proceeding rite rtowesisteoce of a detsnli or any other ektease of Borrower to atttkratbn aad furechtsure. U the breach
<br />is not cured on or before th¢ date speeiNed in !bs ttntice. Candle at Letder's option may declare alt of the sums secured by
<br />Eh~ ltriortgage to be immediately due aad payable wHhaet farther riemand sad may foreclose by judkial proceeding. Leader
<br />aiurB b¢ taiitied in cnllrct is such pracssdiag ail e>~perrses nt fnteelasure, inatiudlug, but not limked to, coeds of documentary
<br />tvlde>ke, abstracts and tltls rcporta.
<br />14. tlonrowsr's Right to ReiwAafe. Notwithstanding Lender's arcclerativn of ihr sums secured by this Mortgage,
<br />Bormwsr shall have the right to have any proceatings begun by Lender to enforce this Mortgage discontinued at any time
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