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<br />Lender's written agreement or applicable law. Bormwer shall pay the amount of a6 mortgage insurance premiums in the
<br />manner provide) under paragraph Z hereof.
<br />.4ny amamts disbursed by fender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agrce to ather terms of payment, such
<br />amounts shall he payable upon notice from Lender to Borrawer requesting payment thereof. and shall bear imertst from the
<br />dare 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 law, 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 exptsnse or take
<br />any action hereunder.
<br />g. htspec6tm. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that i.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cotrdemnatton. The proceeds of any award or claim for damages, direct or consequential, in connection with arty
<br />rnndemnarion nr other taking of the Property. or part thereof. or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a total taking of the Property, the proceeds shaft be applied to the sums secured by this Mortgage.
<br />with the excess, 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 he applied to the sums secured by this Mortgage such proportion of the groeeeda
<br />as is equal m that pmportian which the amount of the sums secured by this Mortgage immediately pttior to the date of
<br />taking hears to the fair market vahte of the Property immediately prior to the date of taking, with the balance of the proceteds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Hortower that the condemnor offer to make
<br />an award or •.ettle a claim for Damages, Barrawer fails to respond to Lender avithin 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's optian, either to restoration or repair of the
<br />Property or m the soma secured by this Marteage.
<br />Unless !.ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or posrprnte the due dare of the monthh• installments referred to in paragraphs 1 and 2 hereof or cfiange the amount of
<br />each nrstallments.
<br />10, Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by thrs Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liability oY the nri¢inal Rorrowtr and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against auch amcessor or refuse to extend time fnr payment or otherwise modify amortization of the sums
<br />secured by thic Mortga¢e by reason of any demand made by she original Borrower and Borrowers cviceessors in interest.
<br />11. Forbearance 5y Lender IVat a Waiver. Any forbearance h}' [.ender in exercising any right or remedy nerennder. or
<br />otherwise afforded by applicable !aw, shall not he a waiver of or preclude the exercise of any such right or remedy,
<br />Tht procurement of insurance nr the payment of taxes ar other liens nr thargea by Lender shall oat be a waiver of Lender's
<br />rieht h, accclcrate the maturity of the indehtednecs stcurtD hp this Mortgage.
<br />12. Remedies Cumulative. .411 remedies provided in this htorteage arc distinct and cumulative to art}• other right or
<br />remedy under this Mortgage or afforded by law or equity'. and rosy be ewrciced ;nncurantly. independenth• or successively.
<br />13. Successors and assigns Bound; Joint and Several Liability; CapKons. The rm'enants and agreements herein
<br />cnntameJ ,hall bind, and the rights hereunder shall more to. me respective saccecn,rs and assigns of LenJer and Borrower.
<br />,object m the provisions of paragraph 17 hereof. .411 covenants anD agreements of Barrower chat! he joint and several
<br />The _apuons and headings of the paragraphs of this Mortgage are far convemence only :met are nM to ftc used ro
<br />interpret nr define the provisions hereof.
<br />14. ~iMice. Except for any nonce required under applicable law to hr eisen in another manner. Ia) any nn@ce to
<br />Rorr ~.wer ~rncrdtD fnr 'n Ibis Mortgage shag he ¢rven by marling -ueh nonce by ctrutied mail addressed to Borrower at
<br />the Pmpem :\Jdress ur at such other address as Borrower mac dcsrgnatr by notice to Lender as provided herein..md
<br />ihr ;mr nuuce a, i.cnder ,hall he grvrn by cerufieJ math return recemt requestcJ. to Lender's address stated herein ar to
<br />auch other Addffac :;e [rnder rosy designate he notice` to Horr,•a~rr as prm~idtd `crcin. in=.' entice. pent^dcd lot ~^. this
<br />Mortgage shall he deemed to hact been giten to Borrower or i ender when gn~en m the manner dtsignated herein,
<br />15. L'nifvrtn Mnrtgagr; Governing haw; SrvenbBity. This .'r,rm of mnng:+ge a+mhinrs uniform toetuartta f.,r nauona
<br />use and nnn~unii;,ret covenants with IimrceJ ,-arravons by ;ornDlctron to :anstdute a um€arm .ze:uc+rv invromr;x ,nvertng
<br />real propene hhie ~~tortgage shat! he ern rrned by the law of the ~uneJicunn ut whirh the Praprrtc r, loc:ucd In ihr
<br />event !hat .roc pravnron r+r clau,e of this Mortgxgc nr the Notc :onilitn with applicable law, ouch anvLtt ,hall not affect
<br />other prn,iviorn of Ihn Mnrtgagt nr the Nott whirh ran L,r crvcn rtfca wiihaut the rnmti. one prc,cicion. and Io chic
<br />end the h.ro~. rcinns of the Vortgagr and [hr \nte arc declared to re severable.
<br />16. Bamre~er's Cnpr. Rorrnwtr ,hall he funushed e ;an h,rmed ropy rd the Vorr .,nri ,-f chi, Murteagt at ihr time
<br />of exrcusinn nr rarer recerd:!tion hereof.
<br />I7. Transfer of the Pmpertr: assumption. It all or am ~ en r,f the Pn,pem r,r an mterr,l rtterem n solJ ~,r Imnsferred
<br />by Borrower wnhnut Lcnder\ prior written nmstnt. cs~h+Dmg !.u the ,maunn rat e hen r,r enruntbr;mce whunhnalt co
<br />Ihn Mortgage. rbl flu creauon of a purchase moors ,acunto interest i„r haustholJ app6:mxs, ~~:r .r tran,trr +.c deviac•.
<br />Descent or by nprranun of hot upon the death rat a nnnt rrnam ar
<br />Lcnder ntav..u I ender ~, opuon. Declare all the wins wrote) h, !his \k,ngage to he
<br />~mmeJurtelr Jut .rod nay:+i,lr. I ender sh:Jl have waiatd ,ririt opnnn rn arceler:nc I poor I,~ Ihr ,.dt ,•r vansftc I rnJer
<br />.mJ the Pt non Ir, whom Ihr Propern- n to he .oIJ .u translerreJ reach ,rgn•enttnt m w rnmg that Ihr ..roan .q ., u:h I'rnon
<br />rs saticlaann Ia 1 ender end than the trot re,r pus~rnlt :+n rht ,urn aimed he ihi, \lortgagr hall hr :u .~i.h ren• .., 1 rnder
<br />shall realuat. If 1 rnJer has warvtJ Ihr r•pnon to -icceicratc pen iJed !n Ihi, p.r rngrrph !' .uui :I tiorn,wcr, ut.:c,snr ~n
<br />imerest has executed a wnnen assumpnnn agreemem aa•eptrJ rn ~.,nn nc by I rnJer. LenJer •Itall rr{aau Rrvntwrr :srm all
<br />nhlig;J Uros under thts Mortgage and the Nast.
<br />If 1 enDtr exorcists v, n;h npuon h, ,accelerate. I rnJer stall mail Borrower Wooer rrf a rrlet alum ~~ .++: ratianac• wJh
<br />paragraph Ll hcreot- Ouch noucr .hall provide a proud of not Icx than itt daa, !r++nt dtc Darr Ihr• mqi: ,: nr,uleai wnhm
<br />.a bleb Hurro:atrr ;nay- pa. the ~tnn,. Jt:-tares due It borrower taJ, rr~ pao ,uJt ,non tor.-r I„ ire o+orr:+u..n ..i -:.n. ;,rrr,J
<br />Ltndcr mat. urihout lure her nonce ,u ,tentnnJ r,n Bin row cr, ~mnAr am n'nmdms rrnnmed h+ I,arupraph i ~ hr tool.
<br />Nov-G rats oa ss t'ua r. ~~a~:s Hornrwer anJ !ender tun her +uernani .unl egret u, n,llows-
<br />Ig. Acceleration: Remedies. F,xcept as provided in paragraph 17 hrreot, upon Borrower's breach of any cotenant or
<br />ugrrrmrrd of Borrower in this ~inrtgage. inchtding the cu+rnauts to pay whin dur am wm+ +ecurrd by [his •lortgnge.
<br />Lendrr prior to acceleration shall mail notice lu Borrower as provided in paragraph IJ hereof specifying: t tl the breach:
<br />12) the action required to curt such breach; 131 a Jate, nut less dean 311 days from the date the notice is mailed to &uruwrr.
<br />by whirh such breach must be cured; and IJ1 that fa{lure to curt such breech nn ur before the date spetilied in the mrtice
<br />may rrsutt is acceleration of the sums srcurrd by this Mortgage, forrciosure by indicial procrrrting and .alt ut the Properly.
<br />The natice shag further inform Barrower of the right to reinstate after acceleration and the right to a. +rrt in Ihr Inrcclusurr
<br />proceeding Ihr noroexistence of a dehult ur any other defense of Barrower to acceleration ww: firreclosurr. IF ihr breach
<br />is nut cured on nr before the date sprcifiad in the [wrier, Lcnder at Lender's option may declare all of the sour. +ecured by
<br />thh Mnrtgagr io be immediately dur and payable without further Armand aad may forechnr by judicial pnxreding. Lendrr
<br />shall be rmitlyd m collect in snrh proceeding alt expensex of farrrto-+r.rt, inciudiug, hat not Ilndtrd to costs of ducamrntary
<br />evidence, ah+tracts amt tide reports.
<br />19, Borrower's Rtght lu Rtinslalr. \otwnths4 nahng IcnJa-, exclcrauun al Ihr won +tt urcd M' the ,M+s lgagr.
<br />lion rower ,hall hove Fhe rigor IP natc an} pn*cee-ding+ t+tgun ha I rnder ir. rn k,tY-t Ihn Monger gc d.,. oaf u+nrd ar .un runt
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