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<br />Lender's written agreement or applicable taw. Harrower shall pay 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 additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agroe tv other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall hear interest fmm 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 he contrary tv applicable law, in which event such amounts shall bear interest „t the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require [.ender to incur any expense or take
<br />,~• any action hereunder.
<br />-a~rrJ 8. Inspection. [.ender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shall give Burrower notica prior to any such inspeetivn specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award yr claim for damages, direct or consequential, in connecfior. with any
<br />condemnation or other takinG of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />Tn the event of a wtal taking of the Propern•. the proceeds .hall he applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower Tn the event o(a partial taking of the Property. unless Hvrrower and i_ender
<br />ntherwisr agree in writing. there shall he applied to the sums secured by this Mortgage such pmporrivn of the proceeds
<br />as is equal to that proportinr which ihr_ amount of the sums secured by this Mortgage immediately privr to the date of
<br />taking bean tz, the fair market valve of the Property lino-ediately prior to the Jate of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />Tf the Property is abandoned by Borrower, or if, after notice by Lrndrr tv Borrower that the condemnor offers to make
<br />an award nr settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property' or to the sums secured by this ~lvrt gage.
<br />(Jnless Lender and Borrower otherwise agree in writing. am' such appiieation of prexeeds to principal shall not extend
<br />or postpone tlm due date .,f the monthly installments referred to in paragraphs 1 and ? hereof or change 'fie amount of
<br />'. such installments.
<br />', '. 10. Borrower Vat Released. Extension of the time for payment or modification of amortization of the sums secured
<br />'' by this Mortgage Granted by Lender to any successor in intrust of Borrower shalt not operate tv release. in anv manner,
<br />', ,the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to rommencr
<br />prviceedia~_, agair»t such successor or refuse tv extend time fur payment or nthenvise modify amortization nr the sums
<br />'~, secured h-. this Mortgage b}• reason of any demand made by the original Borrrncer and Borrower's successnn in interest,
<br />1 T. Forbearance by Tender Vol a Waiver. Any fnrhearance b}• Lender in exercising arn.~ right ar remedy hereunder. or
<br />othenvise afforded h}' applicable law. shall not he a waiver of or preclude the exercise of anv such right or remedy.
<br />The procurement of insurance or the pavment of taxes ur other liens or finrges by Lender shall nut he :t waiver of Lender's
<br />right to arrelrrate the maturity of the indebtedness secured by this '.morgage.
<br />12. Remedies Cumulative. All remedies pmvidrd in this Mortgage are distinct and rumulativc tv any other right er
<br />«medy wider this Mortgage ur afforded by law ar cool[}'. and may he exercise) concurrently. independrnth• or successively.
<br />IJ, Successors and Assigns Bound: joint and Several Liabilih'; d'aptions. Thc ronnants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to, the respertire successors and assigns of i.endrr and Hvrrower,
<br />subject to the pnrvisionc of paragraph t7 hereof. All covenants and agreements of Borrower ,hat! he loin[ sad several.
<br />The rsptioa; and hrrJings of the paragrtphs of this Mortgage arc for convenience only :md are not t., hr used to
<br />interpret or define the provisions hereof.
<br />', 14. Notice. Except for any notice reyuired under applicable law h he given in another n;anner. lal arty' notice tv
<br />', Borrower provided far in this Mortgage shall htr given by mailing such notice bv' CC!'laied mail addresud a+ Burrower at
<br />',, the Pruprrty AJJte,+ or at such .:thee ;rdeir•ss a: Harrower mss- desigaatr t,} nnrice to i_ender as provided hrrrin, sad
<br />'~ (hi anv nuucc to LenJrr shad 6e gtvcn t+v crrtitir 1 moil, rrtum receipt rratursmd, to ir_n.lrr's address ;tared h:rain .,~ to
<br />'~ such other address ,rs [.ender may dedgnate h} notice to $nrrowrr as prnvtJra bruin. Anv nutter pn,voles for in this
<br />', hiurt~ g shaii `~ :termed *<- ht ~ been k _a tv iuerrowet' or Lrt:drr a-belt given is t(1r tnannrr desiguatrd hrrrin.
<br />I5. Unifnrnt Mortga¢r; t:urernirq Irsvt Sesrra4Tlity. Thi, form of murtgags cotubiura uniform re?vct+an€s fur oat:ottaT
<br />use nnJ nun-uai€urer covenants with iimitrci cariaris+ns by jtrr:,Jiction to ronsuune a uniform serunty instrument revering
<br />real properly. 'Chi, Morlgagr sh.tl! t+r guv c•rned by ihr law ;+f the nrrisJicuon in which the Property es laxated. In the
<br />event :hxt any provision of clau,e of this Mortgage or the Nate cunFlicts avith applicable law- such conflict shall not offers
<br />other provisions of this Mortgage ar ihr Note which can hr gn'cn rfitrt without the contlirting provision, and to this
<br />end the provisions of :hc Mortgage and the Notr arc JecLaaYl to ix ses•erable.
<br />16. Borrower's Cope. Borrower ,hail to funushrd a conformed ropy uY the Note anJ of this Mortgage at the time
<br />of exrrution ur alter n axdativn hereof.
<br />l7. '1'ranster of the Property: Assumption. It a!I or any par[ of :hc Pmprny nr an interest therein is so cd or transferred
<br />by Harrower without Lender's prior wnurn rnma•nt exch,:ding tai ihr areatiat of a lien or rncumbrancr subordinate to
<br />this Mortgage, th! the rrcation of a purchase nunrnv ,cruelty' interest for hvusrhald spplianrrs, lei a transfer by devise,
<br />descent or by ot><•ration of law upon the death of a iomi tenant or idi the grant vt any leaxhold interest of [beer years or Irss
<br />nut containing an option tv pu rrhasa•, Lender ma}, at tender-s option, declare all the scents secure) by this Mortgagr to be
<br />immcdiaroly due and puyablr. i ender shag ha+r w.uvrd ,uch option n+ acrrlrrate if, prior :+: the ,ale yr transirc Lender
<br />and the (wrson w whom the Prupunv n to he ,add or ^':msA=: red couch ugreenfcnt in writing that the credit of such iwnon
<br />ix sutisfacwry to L.cndrr auJ than ihr intrtrv! p.iyahia• a+n dx :was secured by this Mortgage shaii tar at ser_•h rate as [ender
<br />shall request. if [.ender bus warvrd the a~puon tv ac,:rlrrate provided in this paragraph 17, and if Borrower's succevur in
<br />interest bus executed a wnnen axxuneption ugrrrntrnt aci'eptrJ in writing by Lrndrr Lender shall rrlruse Burrower from ail
<br />ubligativns uuJrr this Mortgage and the Nvtr.
<br />if i_rndrr exercises such option to uCCr[erate. Lender ,hall mail Born+wcr noirre of uceelrrauoa w ac. nrdnnce with
<br />pat'agrnph ly herrUf. Si:ch r:.zt+ce =hail p`s?vcde- a i~r::st _. ...:, iota than tt) J:€y. front ihr date €he ns,tir is nra(ird °-*iihin
<br />which Borrower titaY pa: the sums Jc.~larrJ due t H.+rruwer tails °o pay uch ,utus pets+r to ihr rxpiraiion of seirh prrio.f,
<br />Lerrdrr may, wuhout [ur [leer nuEn:c or Jemaud un'lrormarr, wvoke aa} trntcdirs prtuutted k+y parutFrsph !R hcrra+f.
<br />Nova~':fkrrast (-ovts.~.st: rs Bc+rrowre anvS Lender fnnhcr a-r+vrnant and agrx'r as tuhuws:
<br />1t4. Acerleratbn; Renrrdies Except as provided is pasagrrµrh 17 bereut, upon Borrower`s breach ut any covenant ar
<br />ugrrrnrrnt ui Harrower in this Mortgage, inrludls~ ehe cavrrroats to pay when due any sums srcttrrd by Ih4 Alorlgtytr,
<br />[.ender prior to accetrratfan shall marl nurirr to Narrower as pruvidrd ire paragraph is hrreut specityirrg: (1) the bees: h;
<br />(2) the action required to curr sash tuearh; ty) a date, out ten than }U days from ihr date ihr notice is mailed to Borruwru
<br />by which such breach must 6c cured; and (Q) that [allure to cure such breach as at before the dare specihed in ihr Huller
<br />may rrsutA In accelncatioa of the sump secured by [his ~turtgage, Pureclusure uy judicial procerdirgi and lair at the Proprrry.
<br />'Phe notice shall farther lnfona Burrower of the right to reirwUtr atlnr acceleration and the right lu assert in the tarrrtusurr
<br />proeeediag tier swtr-rxtwrucr at a detauU ur any other drtrntir of Burrower to arcrkrariun and t'ureclusurr. It ihr breach
<br />Is not cured an yr brtarr the dale sperifled to ihr mrtice, [.ruder of Lrmler's optherr rosy declare all of ihr sums uxurrd Dy
<br />this htongngr la be imrordiately due and pavablo without tariher demand and Wray furrclose by judicial pruceedfag. Lender
<br />shall br rnlUkd to railed In each pracrrdtag all raprnsrs of tamiosrrre, inriudlty). hul nut Ihrdtrtl tu+ costs n[ ducumrutars
<br />rsidenrr, abstrwts and title repurtw
<br />iq, Borrawr~s Right to Neiostate. Notwithstanding Lender-; acretrration of rttr sums srrarmd by this 3iortgags-,
<br />Borrower .h;dl have ihr right k+ hate iwy prix rt:d logs begun by Lender ix+ color ci lhi+ M1lau igugc diss:ontiuueJ al any time
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