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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided tinder paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Rorrower 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 shall bear interest from the
<br />date of disbursement at the rate payable from time to time nn outstanding principal under the Note unless payment of
<br />interest at such rate would be con[rary• to applicable law, in which event such amounts shall hear interest at the highest rate
<br />permissible under applicable law. Nothing contained itt this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />g. hispection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnafbn. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, ar part thereof, or for wm•eyance ir. lieu of condemnation, are hereby assigned
<br />anti shall be paid to Lender.
<br />In the event of a tozat taking of the Property. the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess. if an}•. paid to Borrower. In the event of a partial taking of the Property, unless Borr. rand Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by tkis Mortgage immediately prior to the date of
<br />kakin¢ tzars to the fair market value of the Property immediately prior ro the date of taking, with the balance of the proceeds
<br />paid to Barrower.
<br />if the Property is abandoned by Borrower. nr if, after notice by i.ender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond ;o Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and appty the proceeds. at Lender's option. either tot restoration or repair of the
<br />Propern• or m the sums secured he this Mortgage.
<br />Enters Lender and Borrower otherwise agree in ,.ritine. am• such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hemof or change the amount of
<br />such installments.
<br />10. Burrower Not Rekatttd. Extension of the time for payment nr modification of amortization of the sums secured
<br />by this Mnrt¢a¢e granted by Lender to one successor to interest of Aorrou•er shall not operate to release. in any manner,
<br />the liability of the ori¢ina) Barrower and Borrower's successors in interest. Lender shall not he required in commence
<br />proceedings against such successor or refuse to extend time for pavmem ar othencise modify amortization of the sums
<br />secured by this 1ortgage by reason of :m}- demand made hg the erigtnal Borrower and Borrower's successors in interest.
<br />1.. Forbeataatt by Leader Not a Waiver. Anv forbearance ?^v Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable ;aw, shat! not he a waiver nt :,r preclude the exercise of am~ such right or remedy.
<br />The p*acuremem .~f iasnranre or the pa«rtent of *,a~es nr other i~ens or charees by Tender shall not be a waiver of Lender's
<br />right to accelerate [he maturity of the indebtedness .ecured by thiti 15oneage.
<br />12. Remedies Cumulative. .411 remedies proatded ~n this \fotteage are distinct and cumniarive to any other right ar
<br />remedy ,coder this 15ongaee nr afforded by ?aw r rquin~ : nd mat' !?e crercised concurrently. independenth~ nr successively.
<br />13- Successors and Assgpts Bound; Joint amt Several Liability: Captions. The covenants :rod agreements herein
<br />eantatned shall hind. and rite rights hereunder shall ,pore ..~. the respe~~uve successors and assigns of tender and Rorrower.
<br />rubies[ to zhe provisions ni paragraph t? hereof. All covenants avd agreements of Borrower shall be tort.[ and several.
<br />The captions and headings of the paragraphs of :his Mortgage are for convenience Dole ; nd arc not to he used to
<br />Interpret c:r define the provisions herrnt.
<br />M. Notice. Except for any notice required under applicable iav. trt be given in another manner, ia) anv notice to
<br />Borrower provided for in this Mortgage sha!1 hr given by mailin:c such notice by certified mail addressed to Borrow-er at
<br />rite Property Address er at such other address as Rrxr,u~er mac devgnatc hi' notice m Lender as provided herein, and
<br />ibi aay nonce to Lender steal] be given by certified matt return receipt requested..o i erdcr's addr,^.ss stated herein nr to
<br />such other address as Tender mat desittnate hr notice to Bc rrawcr as anwided Here tit 4m. n,,t:;c ~- ~.~+•rded for ~a this
<br />1lortgage shall be deemed to ?rave been gta-en to Burro+aer tar I.endrr when given in tze manner :ter>gnsr,d tirrein-
<br />I5. Lnitorm ltott~atfe; Governi+tR law; Sevenbilitr. T?tt, i,~rm of mortgage combines :uniform .•~•.enartts f,~r nauoral
<br />are sod non-uniform covenants with limited aariauora ha ;unsd ,n„n to rc~nstnute a uadorrt sccunty instrument <oa-enng
<br />=rzl property. This 3iortgage shall Ix gea cured by ;hr ',-aw of rite ~unsdtctmn ,^ ,;-h:rte the F'rc*perty =< -oc atcd_ tr, the
<br />event that anv provuian of clause of this 15angagr or tF.c voce :on lists a+irh ::x+plr.ahie '-aw, su.h csnt?set ,hart not attest
<br />other prrvtsionc of this 35a^2age ... th° `cote .h:c1t ..,•, ?k •, ~tTe .....,.,, .. ....:;pi.,m,~ , a.=...,.. ..,~ 1 .,- ...._
<br />end +tix pras~isions of the 3tartgage and tTte ti++te arc des 3ared ::,>^r severable •`^
<br />16. Bottrowers Copy. Borrow-rr s?ta11 he furn:shzd :, <++ntot~rted ._~ra o. ...c \ots spat e,t -•+~. ~forteage at the time
<br />of execution nr ,after recordation hemof.
<br />17. Trancferof tk PropeRp; Assumption. It ate car ant 1~::rt ~,t the Prnprrn .'r sn :nterr~t therein is +old ~.~r ramferred
<br />by $orrou~r without Tenders prior written a+mrnt. excluding >: ~ the oration .'t .: .:en ~~r ens untbrn.e suhordrnatr to
<br />this Motgage. ]bl the creation of , purchs_,e mi,nec ,rcurta sn!erest for houtehoid apph~aees. ~~. trap>fa by drsise,
<br />descent or by oprratian of law upon the death of :t io~nt tenant ,ter - - ~ -
<br />Lcndar may. at T.c•nder ~s <,puan. de<3arr nit the soon :ecurcd he this Afnrtgage m be
<br />tmtrrediateh' due and payable. Lcmdet :hail ha+e waived •,t:<h option !<.• accelerate :f prior !,, ti*r ...le „~ ~rtnsfer. i ender
<br />and the person to whom the Property i. to he sold .x tran.ter red react; .:grrrmrrt in _+nt~m_ !oat the credit oaf .uch prnon
<br />is satisfa~tor}• 30 Lender and that the :ntere,t ^ ;ahie :,t: the .amts ,eau: ed ha this \l orte_ute ,troll he .~ .<~.h rz[e ,.~ i ender
<br />shag request. If Lender has waaveei the .~ptaon°ti, do<.eientte pre+a rded m ihts paragraph 1 Z and a Bnrrc=war', su<ces+r in
<br />interest has ewtauted a uctzteri assumpttu-n a~ermrnt accepted in ., riunn by ]-ender. !.enter .halt relea,e Bornre rr iren; till
<br />abiigaeioas under this Mortgage and the Note.
<br />If Lender exercises such option to accelecate. :.enter .i;all marl Borrower ^e,t:cc a=f ~. crlersnon r~ ~~~: ardance with
<br />~ragta3h 14 hereof. Sixh not,;re -13aI1 pra:id: a perta~i : nt~r !ass !ban ?Ci -day, tram the date t?tc rnati;e n e.ailed w ~thh-~
<br />which Harrower ntay pa}~ the sumx declared due. 31 Berre,wer fcua to pa} ,u;h .um, pr~o.r ?, ihr c - -at~au-i „I vi<I-~ ~enod.
<br />.pt.
<br />Lendu may. without frtriher nonce nr demand on Born,w e;, ;n+i,i.e an. remedte> nsnnittrd h: paragraph t ~ hrriot.
<br />NoN-L'vtFOx7.t CavEV,+vrs_ Barrower anal T order footle[ .a+arnant ,,nd agree as Inflow.
<br />18. Accekraltou; Remedies. Except as provided in paragraph 13 hereof, upon Borrower. breach of any aoa enanf or
<br />agreement of Borrower in this Mortgtyfr:, including the ruxenanis to p>ry when due any sums secured by this \lorigage,
<br />Lauder prior to accekntioa shalt mail notice to Rorrower as prorided in paragraph 13 tteraif specifying: t 1 i the breach:
<br />{2) the action regoire+d to cure stteb breach; t3f a dace, nut less than 30 days frmu the date zhe notice is mailed to Brrrrowcr.
<br />hY which such breach must be etuxd; and li) ihaE failure to cure such breach nn or before the date specified in the notice
<br />may rasp![ in acceleratioo. of the sums secured by this Mortgage, foreclosure by judicial proceeding and sale of the Prupertt.
<br />7'Ire notice shat further inform Borror.~er of the rplhl to reinslale after acreierotiou •rnd the right to risen iu ttte ftrrerlusurv
<br />proceeditag the itrin-txMtnce of a default or auy otlcer defensr of Barrn>.~cr to acceleration and forc.io.nrc tt llte breach
<br />s ud cured on or before the dale specified in the notice. Lender at Lender's option [nay declare all of the sums scaurrd by
<br />floc 1ortgage l0 6e imnrfediately due and eayable without further demand and pray forechtse by judicial proceeding. t coder
<br />shall be enlftkd to rolled in stub prtueetling all expt: uses of foreclosure, including, but nut limited to, .casts ..f docunrentart
<br />evidence, abstracts acrd title repurt+.
<br />IR DnrrOWCPe Right to ReinetalC. Narwithsta~ndrng ] tndcr'a ._-.,ciao.=r; ,., ...~ ,,,... - .., ., ~.. ., - `.i.-nK.~t:-
<br />Borrzwrr shall have the right [u have any pre*r-ecdtngs fegun lea 1 coder ~~.:::Lust ~Ru~~ At„~,.~~< J.,.,.,v:nt.~ t .. <. ~,. ~-ntc
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