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<br />Ixnder's written agreement or applicable law. 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 .. with interest thereon, shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts mall be payable apon notice from [,ender to Borrower requesting payment thereof, 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 law, in which even[ such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Tender may make or cause to be made reasonable entries upon an6 insptxtiorts of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to (sttder's
<br />interest in the Property.
<br />9. Condemnation. The proceeds 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 hereby assigned
<br />and shall he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured Irv this Mortgage,
<br />with the excess, if any, paid m Borrower. in the event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, them shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to the! proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking beam to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid «t Borrower.
<br />if the Propetty is abandoned by Borrower, nr if. after notice by Lender to Borrower that the condemnor offer to make
<br />an award or 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 [o restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Cnless [.ender and Borrower otherwise agree in writing. any such applieaiion of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and ?hereof or change the amount of
<br />such installments.
<br />l0. Borrower Not Released. Extension of the time for payment or modification of amortisation of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's wccessors in imerest. Lender shalt not rte required to commence
<br />proceedings against such successor ~r refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />II. Forbearance by Lender Not a Waiver. 4nc forbearance by Lender in exercising am right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of anp sash right or remedy.
<br />The procurement of insurance or the payment of taxes or other liras or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and .:umulative [o anv other right nr
<br />remedy under this Mortgage or afforded by laze or equity, and may Fte exerciced concurrently. independently nr successively.
<br />13. Successors and Assigns Bonndt Joint and Several LiabBlty; Captions. The eocenants and agreements herein
<br />containeJ shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender :rod Borrower.
<br />subject to the provisions of paragraph 17 hereof. .All covenants and agreements of Aorrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are net to rte used to
<br />interpret or define the provisions hereof.
<br />id. Notice. Except for any notice required under applicable laze to he given in another manner. (al anv notice to
<br />Borrower prmided for in this Mortgage shall ire given by mailing ,uch notice by certified mail addressed ro Borrower at
<br />th~~ Pntpenv :~Jdreu or at such other address as Borrower may designate M• notice to Lender as provided herein, anJ
<br />tb~ :utt notice ;o Lender shall br green by certifieJ mail, reurrn receipt requested, to Lender'Z address stated herein or to
<br />such caber aJDress as Lender may designate he nutke at Borrower as pnmdeJ hrreu;. ,Any notice provided for n =his
<br />Mortgage shall In• DeemrJ m h:nr been given ~o Borrower or Lender when given in the manner designated herein.
<br />t5. t'nifnrm NnrtattRe; Guretnitrg Law; SevrrabBity. This form of mortgage combines uniform covenants Fes national
<br />use anJ non-und~.,rm :ocenanrs with limited vcaiaauns by jurisJiction m --ansu!nte a unifnme sccunty ivstrumrnt covenug
<br />real proprr.t this Lf orlgage ,h:Jl br governed by the law of the lurisdicuon m which the Property s IorucJ. Tn the
<br />even chat .env prnvivon tit ;louse of thu Mttttgagr or the Note conflicts with applicable law, such conflict +icall not affect
<br />other pros niom of th~x Mungagr or the time whrch can be given rlTect without the conflicting provision, :end to this
<br />anJ rhr provisions r( the Mortgage and the 'vote arc declared to be ,everable.
<br />16. Borrowers Copv. Aorrower +hall he (unushed a conformed copy of the Note anJ of thts :Mortgage at the time
<br />of execution or .,I ter rruttdalion hereof
<br />17. 7•ransfer of the Property; Assumplinn. If all or an}' port tit the Property or an interest therein is sold ar transferred
<br />by Bnrnrwrr without Lenders poor wnurn ronaent. exchtaling tat the crcxtinn of a lien or encumbrance ,uburdinate u?
<br />this Mortgage, 'hl the crcauun of a ~u rchase nnmry security interest for household appliances, rc) :r transfer by devise,
<br />desttm or by oltrr;tuon r+1 law uprtn ihr Death of a iouu tenant or iJ) the grant of uny leasehold interest of Ihrre vr:rts ur less
<br />not cuntuinmg tin option u, pun-hax. Lender Wray, at Lender's npuon. Declare all the sums ceaued by this Mortgage !n he
<br />~mmesiiately due and payahle 1 enJr-r ,hall have waived such option to accelerate it, prior to the ,ate or trnnster, Lender
<br />anJ the prnun p, whom ihr Property i, to he sold ur trmslerrrJ reach ,tgrrrmrnt in wen tog that the ereJit of such person
<br />is salistae•ton m Louder anJ that the nurrc?t payable nn the sums secured trv this Mortgage shall he tit such rats as Lender
<br />shall request. if t enter has waive) ihr olttnm h? :,crelenue pntvideJ tit this Ituragruph 17, ;mD it &u'ruwrr's successor in
<br />interest hn~, rxeculnd a written aswmpuoo agreement accepteJ in wrung by Lender, Leader ,hull release Bon~owcr from all
<br />ubligauuns ^nJer this Mungngr and the Note,
<br />If Lender exereisrs u,ch npuon to acerler arr. Lander .hull mail Bnrruwer nuucr ai ucreleration in accorJance with
<br />paragraph la hrreuf. Such nouCe .halt pnwiJr a Ix nod nY not less than iU da}s from the date the notice is mallet within
<br />which Born'wrr may pus rhr sunav Jck lur eJ due It Borruwtt fails to pay cash .ants prior «t the •zxpirauon of .uch , recd.
<br />Canter ma}, without funhrt no«:c .a ~IrmuuJ on Ronow rr, navoke .uty ronrrJacs {x:rnulirD by paragraph IS hereof.
<br />NuY-I!vo-un nt e evnNn. ts. Bun.~wrr .utJ Center bother cut rnant ,utJ agree as follows.
<br />18. Aeerleratbn: Rrntrdies. Except as provided is paragraph 17 heteuf, upon Ibrrower nmwh of any mvrnaal or
<br />ttgreeutretl of Burrower iu this `tunaage, includlnR the cu,raanls W pay when due any soots severed ny this Mortgage,
<br />Lender prior to avicekra/fen .hall mail testier to Burrower as provided in paragraph IJ hrrruF spea•ifyfng: Ilj the breach;
<br />(Z) the action required to cure scab brrarh; I ~) n date, cwt Taros.than 30 days from the date rhr notfce is melted to Borrower,
<br />by which such breach +ttusf Ar oared; and 14) teat failure to cuce xuch brrwh uu nr before the date spevibed in the scalier
<br />may result in acceleration of rhr some srrw~ed by this .11urt{{age, foreclosure by judicial proceeding and sale of for Properly.
<br />'Phe uutice shall further inform Bnrruwer of the rfghl W reinstate after acceleration and rhr right m assert in the furedosum
<br />prrreerdittg the nuu•rxfstrncr of a default nr any ofnar Aefrttse of Borrower to ace leratfon tad forrelaeure. If the breacd
<br />fs rtW cured tin or before rhr JWr aftvritied in rhr uotire, Lvndrr al Lrtnlri s option may declare all of the swtu secure) b}
<br />this AfortgaYe to he hnmtvtiately due gad payable without fonher demand and tray tocerlose by judicial proveeding. Lvndrr
<br />sba11 be entitled to collect in ,tta•b procrrdittg tdl er,pertsaro of fnrrvlttsure, including, nut not lindted w, costs of doeumrutar}
<br />evfdatce, abstracts anJ lids reports.
<br />19. Borrowers Ri~bl to Relastate. 's ntw ithx6u~~Jwg 1 cnDrt"; ., ..cirrauon nt rhr .crux cs zest h} rho Mortgage.
<br />tint sun-er shall have 1rc- right «.t hav,+ an} pnwcedrng. !xBun by (rndet :,- e.rtur... t.us 4fa?z tg..ga~ .~,rs.vnnm.ul al an} rots:
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