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<br />Lerttter's w„crop agreement ar applicable law. Borrower shag pay the arritnrm of aH mortgage insurance premium! in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader pursmnt to this paragraph 7. with interest theroat, chaff become additional
<br />indebtedness of Rarrower secured by this Mortgage. Linless Borrower and Lender agree to outer tercets of paymem, sitcit
<br />amounts shall be payable upon notice from fender to Borrower rxxftitsting payment thereof, and shaft bear imertst from tht
<br />date of disfiursernent at the rate payable from time to time on outstanding prirnapal tinder the Note utdess payttftait of
<br />interest ar such rate would be contrary to applicable law, in which event such aretomtts shalt bear interest at the highest rate
<br />permisxihfe under applicable law. Nothing cctrttaitted in this paragraph 7 shag re~gttire Lettdu to incur arty expet~e or talm
<br />any action hereunder.
<br />8. Itnpectlae. i.ender may make or catase to be made reasonaltle entries upon and itrspatians of the Property, provided
<br />that Lender chap give Harrower nixice prior to any such inspection specifying reasrmable cause therefor related to Lender's
<br />interest in the Property.
<br />9. CorrdemssWlcn. The prceeeds of atry award or claim for damages, direct or consegttent'ral, in cotmection with any
<br />condemnation or arbor taking of the Property, or part thereof, or for conveyance in heu of condemnation, are hereby assigned
<br />and shalt be paid to bender.
<br />In the event of a tMal taking of the Property. the proceeds shall be applied [o the stems secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. in the even[ of a partial taking of the Property. nnltss Borrower and Lender
<br />otherwise agree in writing. there shall be applied to the sums secured by [his Mortgagt such proportion of the proceeds
<br />as is equal to that propattion which the amount of the sums secured by [his Mortgage immediately prior to the date of
<br />taking hears to the fair market value of the Property tmmediamly prior to tfie date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />tf the Propetty is abandoned by Borrawer. nr if. after notice try Lender to Borrower that the condemnor offers to make
<br />an award ar settle a claim for damages, Borrower fails [o respond to Lender within 30 days after the dafe 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 nr to the sums secured by this Mortgage.
<br />Unless fender and Borrower Mherwise agree in car"ring, any such application of proceeds to principal shall not extend
<br />or pastpane the due date of the monthly installments referred to in paragraphs i and 2 hereof or change the amount of
<br />such installments.
<br />t0. Harrower Not Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this Mnttgage granted by Lendee to any successor in interest of Borrawer shaA not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of [he sums
<br />secured by this Mortgage by reason of any demand made by the original Harrower and Borrowers successors in interest.
<br />11. Forbearance by [.ender Not a Waiver. Any forbearance by tender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicahlc law, chaff not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance ar the payment at taxes or other liens ar charges i+y T_ender shad not be a waiver of bender s
<br />right to accelerate the maturity of the mdebtednecs secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr equin~. anal may he exercised concurrently, independendv ar successively.
<br />13. Successors and assigns Bound; Join! acrd Several I,iabipty; C'aptiom. The covenants and agreements herein
<br />can[ained shat! hind. and the ri¢hts hereundersu.:!1 inure ta. the respective successors and assigns rf Lender and Borrower.
<br />subject to the prc,visions of paragraph 17 hereof. .411 covenants anti agreements of Borrower shall he join[ and several.
<br />The captions and fieadmgs of the paragraphs of this Mortgage arc for convenience only and are not to be used to
<br />interpret ur define the provisions hereof.
<br />14. Notice. Except far any notice required under applicable law iu be given in another manner, ia) any notice to
<br />Borrower provided for ut this !Mortgage shalt he given by mailing such ,caries by ;er~lfied mad address,:d to Borrower at
<br />the Fraptny Address nr at such other address as Borrower may designate by notice to i.ender as provided herein, and
<br />(b'r am nonce to T_cnder shalt he giaen ba• certified mail. ren~rn rec<<pt requested. to I ender' address stated herein or to
<br />such other address as Lender may desixnate by notice m Harrower as provided herein. ;one notice provided for in this
<br />Mnrtgagc shall he deemed to have been given ro Bar rower nr 1 ender when given in the manner designated herein.
<br />IS. Uniform Mortgage: GoverniwaR Law; StvetalrBky, P,u form of mortgage cambim uniform covenants far national
<br />use and non-uniform covenauts with iimite.i variations ba juri,aiiction to consiiuue a uniform security instrument covering
<br />real propertc. This ~lnrtaage chali ht governed hr the law of the iurisdisLOn in which the Properly is located. In the
<br />event that :rn}~ prwsrm or clause of this Mortgage nr the 'r`ote cimfiiets with applicable taw. such conflict shall not affect
<br />other prcvtsturc of this ~3artgaxe ~+r the Ni,te '.which can ht ~ yen NTect uithom the conflicting provision, anti to !his
<br />end the pntsisious of the \lortgage .end the \ote ,, re Declared r,~ht severable.
<br />}d. Borrower's Cwpy. Borrower shall be furmsheJ :i confixmed copy of the Note ant of chi, Mortgage as the time
<br />,af execution or otter reciudauan hereof.
<br />17. Transfer of the Property: Assumption. If all or am pan of the Property or :+n interest therein is sold or transferred
<br />by Borrower wnhout f_ender•s poor uriuen consent- es iuding tat the creation uE a lien nr encumbrance subordinate to
<br />this Martgagr. !hl the :rtauan ,•f ., purchase nxatey ~ecuriw interest fur household applianCCS. !c1 a tramfer M• devise.
<br />descent nr by o~rahon of law u{nm the death of a {Hint tenant ur
<br />- - Lender may, at Lender's irpuon. declare ail the sums secured by this Martgxge to be
<br />+mmediately dot and payable. L coder shall have waived such option to accelerate if. [+riar t.' the sale nr transfer. Lender
<br />ant the ptrwn to whom the Pn,ptnv i, n, hc: sukl or lramtcrrrJ reach agreertten[ ur uramg that the a~tJit of suite person
<br />,s satidactun- to lender .cod the! the mtc'rcst pagat+lt on the sums secured h~ chi. Mortgage s}+.alt he :a such rata as Lender
<br />shall rtgtttst If Lender has uaivnr the uprun to .,cctlerate pruv~Jed in chit paragraph 17..inJ ~? Borrawer\ utacessor in
<br />interest ha. csecuted a unntn assumption agreement axepted in :arinng by t enter. LenJer .hall release Bannwer from .ill
<br />obligations under this Marteage and ?ht Note-
<br />It Tender exerrrsas such option tit accelerate. LenJtr shall marl Bano,.+cr notice of 'st:elerap,.m m ., ,.,rdance udh
<br />paragrzph i3 hereof Such na?uct .hall prov,de a ptnoJ of ni,t !cs5 Than 30 tia}s from the dart the notice i. moiled within
<br />which Borrawer may pea the .ums Declared due !t Rorrtwer fails to pap ar:h puma pour rt~ the ry+i r:,t~nn..,f ,tr_h poor nf.
<br />Londe; mac. wnhout further niv~ac or Demand nn Barrower.:;,vokc au} rrmcJ!ts perm+ueJ by paragraph ! 4 herof-
<br />Not:.Uwn~oaat (. ovas~ ic. Ban:~wtr ant LxnJer further ::nveoant ,cod .:exec .;> h;liows.
<br />lg. Accekratiox; Rerrtedies. Except as provided in paragraph 17 herewl, ttpun Borrower's breaa.h of any ce+enant or
<br />agreement of Bwrrowtt in tlth ~lortga;t, incindiag Ilce euveHarNs to pay when dur wwy aumti scoured br this ~lartgt~e,
<br />f-fader prior to accekratian shrB coati rtetice le Borrower as provided in paragraph IJ her YN specifying: tl) the brracb;
<br />t2) the scrips required tw cure such breach; Ill a date, cwt less than 3G days from the date the notice is mailed w Borrower.
<br />by wbic6 such breach most be cured; and f6) tlwt faBare tw cure such breach on ar ireftxe the date specified iH the twlioe
<br />play result in aceekratiwn of the soars secured Ay this Mortgage, forecMsnre ey judicial pruceeditrg and sale eF tde Propem.
<br />"[lea notice sbaN further inform Borrower trf tbt right to reinstate after acoeieratioa and the right to a3sert iH the foreciasure
<br />prwtediagl the nwq-esiNence of a default of any outer defense of Sorruwer tH xceteralian and frxeckxure. tf the Arrarh
<br />is HM rtrred can or before the dale specified iw the trWke, Lettsler of i.ender'x rtptina Hwy declare aft of fhe scams srcureJ hr
<br />MY!Nargtage to tit tmmediateir due sad payable wfihwat fWtliet derrwnd sad Hwy forrcfose by judici:N Pnxeeding. trade.
<br />shag be eatitlyd to rxtBtsf in swat proeeed~ aB espettaes wf fereeiHSnre, ttrcludfpg. hw net limited te, avsis trf dilcwwlxMit}
<br />eviAeatr, abstracts sad trite reports.
<br />14. !liarrwrret'a R hi ar, R rrdWe. Nan»ithsiansisr 3 -
<br />~ ai g enur.r-_ ,a,.ae r r - ~ :t -. +. :u ~ r u v ti '<i tt,~ sc
<br />Iftrrrsrwst :l±alt have tt"K right ~ hake auY itrarssedmg~- ±stgu„ hs 1 _-t+t:r _.. -.-t .... ., fit-tax ,_ .,a ..,.~r,r-a ... .. .. .. ....
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