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Lender's written agreement or applicable law. Harrower shall pay the amount of all mongage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7. with interest therecn. shag became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear inrerest fram the
<br />date of disbursement at the rate payable from time io time an outstanding principal under the Note unless payment of
<br />intemst at such rate would be contrary• to applicable law. in which event such amounts shall bear interest at the highest rate
<br />perntiuiblc under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Irdpeetion. Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />tharfender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Tender's
<br />interest in the Property.
<br />9: Condemtuttloa. The praeeeds of any award ar claim far damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, ar pan thereof. ar for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a-taial taking of the Property, the praeeeds shall he applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to $axmwer. in the event of a partial taking of the Property. unless Rorra rand Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Morteaga such proportion a( the proceeds
<br />as is equal to thst proportion which the amount of the sums secured by this Atnrtgage immediately prior to the date of
<br />taking hrarx to the fair market vahte of the Propeny immediately prior to the date of takine, with the balance of the praeeeds
<br />paid to Borrawer.
<br />If the Propem• is abandoned by Harrower, or if, after natice by Lender ro Borrower that the condemnor offers to make
<br />an award or settle a ctaim for damages, Borrower fails to respond to Lender within 30 days after the date such natice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Propem~ or to the sums secured by this Marteage.
<br />Unless Lender and Borrower otherwise agree in w~nting, any sucfi application of proceeds to principal snail not extend
<br />or posipnne the due date of the man?hh- installments referred to ir, paragraphs t and '_ hereof ar change the amount of
<br />such installmentc.
<br />10. Borrower Nof Released. Extension of the ume for navment ar modification of amnnizauan of the sums secured
<br />by this Afangage granted by Lender to any successor ;n interest of Borrawer shall not operate to release. in any manner,
<br />ine iiabifity of the aritrinai fiarrawer and Borrower's successors in inrereresr. Lender shall r,ot be required t cammcrtce
<br />proceedings against such successor or refuse to extend rme far payment or otherwise modify amortization of the sums
<br />secured b}• this Mortgage bg reason of any demand made by the original Borrower and Aorravver's successors in interest.
<br />il, Forbearance by Lendrr'.~ot a Waiver. Anv farhearancc by Lender in rvercising any right ar remedy hereunder. or
<br />otherwise att'nrded by apphcahle law. shall oat be a waiver of ,x prec3ude the exercise of any such right or remedy.
<br />The procurement of insurance ar the payment of raves ar other !,ens or .barges by Lender shall oat t>e a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured M• ;hi< 1loneage.
<br />12. Remedies C}tmabUive. .AR remediev. prey;ded in t'r,is yforigagc arc distinct and cumulative to any niher right or
<br />remedy tinder ?his Mortgage tx 3ffotxled hr taw or cquit}, and may he everctsed cancurrentty, independently or successively.
<br />i3, Snrca~ors and lcsigas Bound; Joint and Several Liability: faptions. The covenants and agrcentents herein
<br />containers shalt bind, and the rights hereunder shall inttre to. the respccuve suc:YSSOrs and assigns ct I ender :end Borrower,
<br />sabjrct to the provisions of aaragraph 17 hereot. Ali covenants anal agreements oP Borrawer shall be joint and Several_
<br />The s:aptions and headings of the paragraphs of this Rlartgagc arc for convcr:;cnce ;+nl+ and arc not ti, he used in
<br />interpret ar define the prrnisians hereof.
<br />11, Notice- Except far any notice rcgaired under applicable ktw to be given m another matener. (a; any nonce to
<br />Aarrewer provided for in this Mortgage snail he geven h massing su.h n.,t:cr h} certified mail addrexseei to Borrower at
<br />the Property Address or at such other address as Borrower rosy desgnate bt' notice to Lender as provided herein, nand
<br />{b) any notice ?o Lender shall rte eivcn b} certined mail, return reea•:pt requested, to i crtders address stated herein cr to
<br />such outer address as Lander rosy designate t+v ttatlce to Borrower as provided herein Am- notice an,vidtci far ut this
<br />Mangage shall tx deemed to Stave been given to Borrower or 1 ender whto given in the manner designated herein.
<br />IS. 4tnifwm :liottigpte; Governirgt i..aw; $everabrlity. T!::s tnrm of mortgage c. n?bines un:farm s.•+ennnts for natiartal
<br />use and non-uniform ~,venants with limited vananons by turio-dtetion 2c. consiiurte a unifarn? szr;untc instrument covering
<br />real Property. Thu Mortgage shat, be governed by the law a~f the jurisdicuan m which she Pmpen+' is tocuted. In the
<br />oven[ that any provision ar clause of this Rtongage or the 'vote conflict, with applicable law. su.:h condtct shall not arlect
<br />other ptovisicros of this Mangage or the Tote which can bc. ;.'teen effect without the conflicting I+ro+ision, and to this
<br />end the provisions of the Mortgage and the '.'ate ar• i±erla:ed to he ,evcsab}e.
<br />If, Donawers C-cam}'. Borrawer >hati be furutshed a c,nformed copy n'i the \atz arui r:f iht; ~1urtt.-0t [hc:.-im_e
<br />of execution ar after recordation hereof.
<br />IT. 'I'rnrfu of fbe PropeAc; ,lisrnnpierr. If a71 er ariv part r-f th•_ Prepenq or an +nterest. therein is si'sI~ fir irnri,ferred
<br />by Aorroasrr w-ithaui Lender`s priar written arynssnt. cvcluding .al the creation of a 's:en er encumbrance subordinate to
<br />this Mortgage, fbl the creation of a purchase mnne}~ u~curit}~ :nitres[ for househeid appitartee:. f,;} a ;rooster h}• devise.
<br />3esattt er by operation of few uparyn the death i`f a iotrt tcnam c r ' '. - -
<br />Lender rna}. a[ I_cnder's e,:±uon. deciarea!i the sums s:-enured bs~ thrs 'atartgage to be
<br />immecliaiely due and payable. I.rnder shall have waved s sib option t+ry axeferate s. prior t.+ the -,afe ,+r trar•.sfer. Le-nder
<br />and the person to wham the Pttipertti i. ta? t,Z safes or tran.terra^d reach agrctment :ni wntmg that the crc:dtt of u:ch person
<br />is satisiactar} to Iender and that toe intari'st patiable z•n uhe s^3m3 soured hp !his aarttage shall !>s_ at such rate as 3.ender
<br />shall rea}west. If l.,ender has xvaived the aryl: [ton to a.ele*att praveded ;r, :i±t. paragraph i?.:and tf Rnrmwct~. successor in
<br />interest has executed a written asstimptK~n agreement a,:cepted is :rit;ng l:c 1 ender. Sender :hail reYeau P.o;ra,wc; fram all
<br />ub}igazsons under this Mortgage and the tiate.
<br />If fender exercises such C~+iifxn xt accelerate. Lender shall n:a;i Borraas:r n :,a .t a~:cuer.eann ,-. ,eccordancc with
<br />paragraph i3 Fxrxx>f. Strch nonce shalt pravade ;: triad c+f n:'+t ;,ss than i0 da}, trie,m tt:e date t!tt .=,ni~,c i, mailed wtt'h:n
<br />which Barruwcr may pay the sums de:.;ared dye ff Barroxcr f.is;.s re peg ryu.h .ums pr,arr t~~ the en;±rat;~:~.n ... -.;;: fs ,nr:r n-.d,
<br />Lendet may. ~a3thovi funkier nat.cc or :iamard erz Rarrrraa:; ac.3i,e an} rtmedies ; vrm~t;cd h~ narag; et.i: ! d htrenf
<br />'vu^r-1.+RtroRM [~r3vEt~rt+t= £snrrorcer anal i.euder ;ur;he: cn.~;r;,::t and agree a; :c=:lov,•>:
<br />t0. xerafrtatiea; Rerwtrdiert. E><rept as prociderl ie paragraph I? hrreut, upon Barrawrr'a breach of art} cuvenaut nr
<br />a0rt-CSeal Df lrrrawu %a thn hlnrteaQr, iaclwlittp, i4e coten;tnts to pa} when due an} ..ums .renrrd bs thin ~loriQage,
<br />1.etide{ ~tinr is atectltrrniaa siali mail isuticr to Borrawer ax presided in parsitraph ;i leereat sgtuifylryts lit tlae tncarch:
<br />ti:) the srtion rtt~trirea to core snob hrerrch; tat a loth, trot [rata ihtta 36 days (rout the due -the aabc~c is rnaiird to Borrower.
<br />fly which-latch 10reaeiV snarl bt rure~ and ill tint fariure m atue such brrarh an ur }xfure ttrc date sprcificd in the natice
<br />rtaay.reeaq is aerteiaratiar of tbt wttrc arcwed by this Murtt{at;e, farrcluaurr by judicial p-tn'erdintt and .ale at the Pmpeny.
<br />I1re notice shag frMiir Ittfoxar. iwrawer a[ #be right to aimiair after accrieratian and the right tit assert in the farrclasrtrr
<br />prgteriitrg;UNt rwtt~eniWeM:c of a default or any other defeme of Barruwer to acceleratiaa and forrcl+»ure. U the breach
<br />h wrrti rand an ur hdore lke dtNe spetiYted in 8tr nutsrr, txndrr at l.radrr's aptit7n tuay declare all of the auuu accused by
<br />tbit'-ierl~e to Ste in}toediNrly doe crud payable 'xithuut fudber demandrnd may fnteclaar by judicial pra,crrdirrt. i cadre
<br />ybaB bk eatltged b collect In such prateedfagl alt exyrert%'rs of farecbrsure, inc4uditgt. but oat timirrd to, :alit a! dace m.ntan
<br />rvidenee, abtiiracte and title rrporta.
<br />t0, laitr[twer's RiOYt to Relairalr. tia,tw tthxtandirrg: Y.cnc3a:;+ .. ..~ai.:^r; t ~ ..,:t. .+-caked r, ,.., st aty„rg.'.
<br />}ic3rxy~~-cr si5i€1 haves iha: ilght rt; issxvc ~n} pr~itdta-Is !sr,Ittrt -. t .,~a7e e:r=t.,- .ha R1, a,; :. t, ., crass . ~. .. _:.:u
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