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<br />Leader's written agreement or applicable law. Borrower shall pay the amocnt 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 additional
<br />indchtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree M other terror of payment, such
<br />amounts shall 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 time nn outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pertnisg'ble under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />fl, laspectioe. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest it the Property.
<br />9. Cosdemsatioo. The proeeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereb}• assigned
<br />and shall be paid to Lender.
<br />In [he event of a rota] taking of the Propem•, the proceeds shall bt applied to the sums secured by this Mortgage.
<br />with the exttss, 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 se:.ured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured b}' this Mortgage immediately prior to the date of
<br />taking bears to the fair market valet of the Property immediately prior ro 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 notitt by Lender to Borrower that the condemnor offers to make
<br />an award ar settle a claim far damages, Borrower fails to respond to Lender within 30 days after the dare such notice is
<br />mulled. Lander is attthar'¢ad to a+tkci and apply the proceeds, a[ Lender's option, either to restoratirn or repair of the
<br />Property or to the sums stxured by this Mortgage.
<br />Uaicas Ltnder and Borrower otherwise egret in writing, any such application of proceeds to principal shall not extend
<br />or pastpant the due date of the monthly instailmtnts referred to in para¢raphs 1 and ?hereof or change the amount of
<br />such instawirttenrs.
<br />10. borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mtrtgage granted by Leader to any successor in in*.erest of Borrower shall not operate to release, in soy manner,
<br />ixx Liai~~as v, s~a:r'a] B~ ~r a ry 'err^wtr's s u~;ss~. _ i__ ;aztzest. Lender shall not t+e mquired to commence
<br />panceedittgs agairut such successor or retest to extrnd~timt for payment or othernise modifi' amortizannn of the sums
<br />t+ecured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />i1. Ferhwaaee by Leader Not a Wsivcr. Any forbearance h7 Ltnder in exercising am' rigfit or remedy hereunder, or
<br />otherwise afforded by applicable law, shall oat tx a waiver of or prelude the exercise of urn' such right ar remedy.
<br />The prornterneni of instttance or $x pavtrtent of races sx other liens ar charges by Lender shall not he a waiver of Ltnder s
<br />r*_g1N to aettkratt the maturity of the indebtedness secured by this 1lortga¢e.
<br />L. Iwte Cma~t. 41i remedies provided in this Tfortgage are distinct and cumulative to any other right or
<br />tetttcdy ur~u this Mortgage or atlivded by law or equity. and mar be crercised concurrently. indeptrdenth' nr successively.
<br />13 Settestaes cad Alas Dosed: Joint sad Several Iiab7ity; Captious. Tttc covenants and agreements herein
<br />maiaiited snail bind, and the rights heteun~r shall inure to, the respective successors and assigns of Ltnder and Borrower.
<br />subjtt4 fa the provisions of paragraph 17 hereof. :411 covenants and agreements Of BC'rOwY7 shall b= +<~rst and several.
<br />The raptioas cad headings of the paragrapfis of this Mortgage are for ainvrnience only and arc ncr + v l+c used ro
<br />interpret or r1t&oe 9re previsions hereof.
<br />11 Nolies. gyp! for say notitt required under applicable law to 6t given in artMher m' nire~. ta) , m' notices m
<br />Borrtwer provided far in this Mortgagr shall ere given by mailing such notes ~r by ceriifitd mail addressed to . ~~roxrr at
<br />the Prapetty Address or u such other address as Borrower may designate by notitt to Lendtr as provided hen in, and
<br />(Ill arty notice to Leader shag be given by txriified mail, return receipt requested. to Lenders address stated herein .,, to
<br />stxh outer addresz as i_.eeeder may desicnate 6y notice to Borrower as provided herein. Am• notice pmvidtd for in this
<br />Mortgage shalt bt dermevl io haul laeen given io Borrower or Lender when given itt the manner desi_^,nattd herein.
<br />13. [IaDer~ Gosermrte Law; SeverahiDty, Thin farm of mortgage combines uniform covenants for nshonal
<br />~r attd coo-uniform ettvehams with limited variations Icy junsdictiotr fa camtitvte a uniform security instrumrnt covroring
<br />teal ptnperte, 'Ibis Mortgage shall rte governed br, the law of the jurisdiction in which tM Property is located. in the
<br />stmt that any provision or clause of this Mortgage x the Notc rnnflic+.s with applicable law, such rnnflict shall not atTect
<br />other provisions of this Mortgage or the Nave w•Itich can be given etfett without 2ht canfliering provision, and to this
<br />esd the prtrv of rite Mortgage and the Not{ err dtxlared to be sevcrsblc.
<br />It Dareewar's Cyty. ilartaSwcr shall be #urtrist~d a .:artforta-.d try of 'tl>= Note and of this Mortgage at the tithe
<br />~ eaoceetirnt or after tecmdatitat hereof.
<br />3?. 1}fatar M We Tra;rart}: If ell or say part of tt~ Pt+nperty or an snteresi therein is sold or transferred
<br />wry Banxrwea w_Rbout Lender's prior written consent, excluding ]a] the cteatien of a lien or encumbrance subord'+nate to
<br />t3eis 3tLottD.t~t, (b) the vrt'eation of a puirhase money stxuritV mutest far household appliances, {c) a tra~fer by devise.
<br />desee~ ~ hl' operaxloa of law upon the dwth of a joint tenant or td1 the grant of any leasehold interest of three years or less
<br />cut odsaiaia; as apmma m ptnch>ae. Ls.'tdrs may, :t Lender's option, declare ail the soots secured by this Mortgage to be
<br />ivaeodta~y dttc and payable Lander shall have waived mch apron ro accelerate if, prior to the sale or transfer, Lender
<br />std tix peaoa to wham tht Pttgrerty is to be sold ~ transfer°nd torch agreement in writing that the credit of such person
<br />is tttpsfacvosy to I.cadex cad that the iateteu psyabk as the sums secured b}• this Mortgage shall be at such rate as Leader
<br />slt~! twaeat. If Leader 1>~ waival tttt option xo accelerate provridnd in this paragraph 1?, artd if Borrower's srxtxssor in
<br />imezsat hys empmd a a7it#as that agtee>nent an-tpte'~ in writing ~ Izader, L,atder shall rek~ase Sntrovvtr from all
<br />owr5patiosts aadsr this NmgaDe cad the Note.
<br />if Ltnder exmrises mrch opboa to axtl,erate, Lrnder shaft mail Burrower roller of axcleration in accordantt with
<br />p 14 htacof. Sack natioe snap provide a period of not less than 30 days from rite daft the notice is marled within
<br />whidt Dtrrrwsr taut Pat ~ slues declared dtx_ 1# Bartawer falls to pay such sums prior to the expiration of such period,
<br />t.rsrder may. wiihmrt fiut>rtr smite nr demand ore Barrow•cr, invoke any rctrredies permmed try paragraph l8 hereof.
<br />39m+-llat Cov~Kaxrs burrower and Lsadet fttnber sovcnant and agree as follows:
<br />it Aaeaitaalit~ Dsmeiea. BaatM at prarldtd Ia pry /7 faaeaf, epos Dmrowet's hrcatb of say ceveaaat or
<br />llpta~t~t of IfyASSiwQ 5 Chic laelsdiaR Ac eovcaartK to py whoa due amy plate secured hl' tbi Morttaie,
<br />laic paitr >. tttodanYsst fTtal anti aafiee !o Dotrawer as prevlded is paraprt~h li hereof speeifylag; l11 the bleach;
<br />(~ eft ~ ~i Y ~t t•~ hIN[h' I~ a daft cot hss thaa ~ days from tk daiE the a6Eitf2 fr+ emlkd to DorrowM.
<br />lip trlk! aaeh hRalCit 1*~ fit' i~'t~ ati f~l Ott fart 1Q C9R iaCh bfCaCh M Ot h~Ql! tint daf! aptCi~ld Ia tit aOtiti
<br />app' ssrsM i aueimtlaa of Ae amts seeerad by tit MortpsDe, fareeiawre by }s`dkid pteceeditri and tale of the Proper[}'.
<br />'na rrtt4ot shsD f~lAttr htftt. Dw:swa al IYe yea m reinstate abler atcdetstioa cad rite right to aaM m the foreclosure
<br />psnertiYt~ t1t ntl4tdMmtet s+[ s itdaril it say abler defeats of Eortower to arcelecdioa cad forcelosetr. H the breae6
<br />i1 sett cacti N K hsiset lhtr drle spstiRtd Y lie aotitE. Fader at L.eades's option may detfare atl o[ the stems severed 6y
<br />Sit tk M ~itutsaiDrady dart' tad #aYaile without farther dtmaed red may fotrelate by jadltiat ptoeeedisrQ. [.coder
<br />show fa atMiti M ceitall i sath prae~ aD eapeases of farcctosure, iacin9me, but tw! limited ta, torts of docrtmtatary
<br />plitarrt, nbtnsUt si title rapar~
<br />Ip, ltarssNrat't ~ M Daitatale. Ntmxithstanditts Ltttdu's acceleration o[ the sums secured by this Mortgage.
<br />1?torro'CrM ahail hive the riphi !Q have any procxdittgs lteguh by 1_ender ra enforce this Mortgage diuontinued at any time
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