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<br />Lender"s writ?en agrr,rment or applicable law. Borrower shad tray the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become dditionat
<br />indebtedness of Borrower srrured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment :hereof, 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 taw, in which event sttch amounts shad bear interest at the higher[ 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 />H. lnspec5oet. Leader may make ar cause to be made reasonable entries upon and inspections of the Propet*y, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Condemnation. The proceeds ot" am award ar claim for damages, direct or consequential, in connection with any
<br />condemnation er other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to I~nder.
<br />in the event of a total taking of the Property, the proceeds shall be applied to the Burns secured by this Mortgage.
<br />with the excess, if any, paid to Aorrower. 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 beats to the fair market value of the Property immediately prior b 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 by Lender to Bortuwer that the condemnor afters to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dste such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of rite
<br />Property or to the sums secured b}' this Mortgage.
<br />Unless Lender and Berrewer otherwise agree in writing, any such application of prexeeds to principal shall not extend
<br />or pastppne the due date .u the morrthiy installments referred to in paragraphs 1 and 2 hercoF or change the amount of
<br />such installments.
<br />10. Borrorc'rr :dot Released. Extension of the time for payment or modification aF ar.:ortizxtion of the sums secured
<br />b}~ this Mortgage: granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liahiiity of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />oroceedin_es aeainst such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured 6y this Mortgage by reason. of aey demand made by the original Borrower and Borrower's successors in interest.
<br />3[. 1Forbearance by Lender Nat a Waiver. Any forbearance by Lender in exercising env right or remedy hereunder, pr
<br />otherwise aftordcd by applicable law, shall not he a waiver pf ar preclude the exercise of one such right or remedy.
<br />The procurement of insurance ar the payment of taxes pr other liens or charges by Lender shaii not be a waiver pf Lender's
<br />right to acceluate the maturity of the indebtedness secured by this Iviortgage.
<br />12. Remedies Cumulaflve. Alt remedies provided in this Mortgage ate distinct and cumulative to any ether right ter
<br />remedy under this Mortgage pr afforded by law or equity, and may be exercised concurrently, independemly ar sut:cessively.
<br />33. Successors and Assigns Bound; Joint and Several l.iabiilty; Captions. 'Ilte covenants and agreements herein
<br />contained shaft bind, and ihr rights hereunder shall inure to, the respective successors and assigns pf Lender and Borrower.
<br />subyect to the emulsions of paragraph t? hereof. Alt covenants and agreements of Harrower shalt he joint and several.
<br />The captions and headings of the paragraphs of This Mprtgage are far convenience only and are net to he uxd to
<br />interpret or define the provisions hereof.
<br />l~d> Notice. I3xcepi for any notice required under applicable law to be given in another ntanner, (a) any notice fa
<br />Harrower provided tar in this Mortgage shall '.r, given by mailing such native by certitlyd mat! addressed tp Barrt±wer at
<br />the Property Address or at such other address as Borrower may designate by notice tp Lender as provided heroin. and
<br />(b; any notice €p Lender shaii t*r given l±y certif~d wall, return receipt requested, tp Lender's address stated herein m to
<br />such other address as Lender may designate by troNCe to Harrower as provided herein. Any notice provided fpr in this
<br />Mortgage shall be deemed to have been given to Bprrpwrr or l ender when given in the manner designated herein.
<br />13. IJnifarfii Marigage; Governing, Law; SeverabNit}•. This form of mortgage combines uniform covenants far national
<br />nse and RGn-ltnnarill ic~i'rnailtti wt[h itmiteii variatipn3 i.y IiiriSitiCtipn tp Cpn3ttitt[r: n ttntfarni nctir[y tnatrlFmtnt eavertnr
<br />real 3,rpf~rty. :his $.-`,ar[xa%= s-.a; .`,e gpverncd by tho' law at the jutisdietirsn in xhir:h the Property is ivcafmd. In t~
<br />event that ,: :i,ipn a? ~tauae3;;t fhis !4tartgage aF the Nate CanttiCtt with applicat±tr- taw. Such caniiist atiati opt ar~+Ec~
<br />°"teci _:.h- .,n' ., u e .,.a to
<br />-th~r ;.r4viiC,r:~,f ... .. _•.-._ _° Ur the :. :Fhic,i C ~ Div@: ~, .. .nt the C.,,. ;C[tn~ pM-i.,iaP„ a.. tt?''-°
<br />end the uravisipns~?t~thP'':4tt,riaare ;end the eNote acv declared io be severable.
<br />-~ _ 1fi,~ Borrower's C'opt'. Borrower shnil be furrtishr~ a toptarnmed copy of the Noce and of this Mortgage at the time
<br />of executspn or after recorda:ipn hereof.
<br />17. Transfer of the Pnrprtty; Assumption. If all or any port of the Property or an interest therein is avid pr transferred
<br />by Borrower without Lender's prior written consent, exChtding (a) [he creation of a Tien os encumbrance subordinate to
<br />this Mortgage, (b) the creation. at a purchase money security interest far hatsehold appliances, (ci a transfer h}• devise.
<br />descent pr by oprrution of law upon the death of a joint tenant or idi the grant pf any ieasehpid interest of three .ears pr less
<br />not containing an option to purchase, i_endrr rnay, at Lender's option, declare alt the sums secured by this Mortgagt to t+r
<br />immrciiatoly due and payable. Lender shalt have waived such option nt accelerate if, prior to the sale pr transfer. Lender
<br />and the person to wham the Prapert} is ua be spill or transferred reach agreement in writing that rho credit of such ~.et5;rn
<br />i+ satisfactory to Lender and that the interest payatrlr on the sums secured by this btortgage shaii 6c at such rate a> Lr~'.;'ice
<br />sitali ttiquest. iF i_rnder has waived tlir option to tiCetkrati', pravide,i iri this paragraph 1', and if Borrower's sss mss::r ip
<br />interest has executed w written asetunption agreemertt accepted in writing by Lender, Lamfer shaii release Borrower from all
<br />phtigations antler this Mortgage and the Note.
<br />tf [.ender exercises such option to acculerate, I.endrr shall mail Harrower notice of acceleratipcl in accordance with
<br />paragraph iR hereof. Such notice shall ptovido a petted of not lest than 3l) day. from the date the notice is mailed within
<br />whictl Bprrower rnay pny the sums declared due. if Borrower tails to pay such sums prior to the expiration of such ptriad,
<br />Londerr may. without ['utther notice or demand on Borrower, invoke any remedies prrmittod by paragraph i8 hereof.
<br />iVO*t-Lttatrar:nt f'avetratvrs, Borrower and London Further covenant and agree as failpws:
<br />1B. Atcgle[ria; 1irr.~dns. ~ rpt as providvti inn prr~raph 13 Isem:.f, epos 'Earrsev~s's b.it of any c~te:~sttao*. or
<br />t~rctmeat of Borrower in this Mortgage, iacludirrg the arovenants io pay when due any sutt~ secured by this Mortgrge.
<br />Leader prior to acreteeat[aa sbaB maH uo~e to Borrower as provided is ptuagepph [~ hereof speeifylt~t (t) the breach;
<br />(2} the actkn rcqu(nrd to cure saeb breach; (3) a date. not lees thou 3t1 days from the date ibe twlice ~ mailed to IBorrvwee,
<br />by which such breach must be cured; and (4) that fr[iurc to cure such breech oa or bt±forc Nre date epecifled in rho roUce
<br />may rewN in rcccieration of the saws secured by this Mortgage, forecWrure by judkid proceredir~ end sale of the Property.
<br />'i'be notice shed[ fueiber lafornt Borrowea of the rTl;,ht to rcirtatate after aeceleratbn and the right to rSaert is the forccbstue
<br />psroeecdhtg the non-exis/ence of a default or a+ry ot>xr defeme of Borrower to sereNrration Bud forecl~ure. 1f the brearb
<br />is not a`nrtd as or before the date speef6ed in the twtlce, Lender of Lemler's option may declare aU of [be arum secured by
<br />[hfs Mortgage to be imrtredi~ely due and payrbk without farther demand sad may foreclose by jndtcial proceeding. Letrder
<br />sb~1 be eniTtlad W collect in such praceedirtg all rzpetcses of foreriaa$ure, ittcludb~, but not limned to, costa of documentary
<br />evitfctrce, abstcacta and title reports.
<br />14. Borrower's R~bt to Reinstate. Notwithstanding Lenders acceieratian of the sums secured by this Mprtgage.
<br />Iiorrawer shaii have the right to have any proceedings begun by Lender to entorce this A#ortgagc discontinued at any time
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