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<br />80-- ~Ca ~~!..
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all moigage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, 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 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 on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph ~ shall require Lender to incur any expense ar take
<br />any action hercundu.
<br />E. 6tt~eetiow. tender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Aorrower notice prior ro any such inspectiao specifying reasonable canoe therefor related to Lender's
<br />interest in the Property.
<br />9. CotsrkraaNiaa. The proceeds of any award or claim for dama¢es, direct ar consequential, in connection with any
<br />condemnation or other taking of the Property, ar part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taring of the Property, the proceeds shall rte applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid ro Borrower. in the event of a partiat taking of the Property, unless Borrov~~^ and Lender
<br />otherwise agree in writing, there shall be applied to the sum, secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amotmt of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of takin¢, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Aorrower. or if, after notice by Lender to Harrower that the condemnor offers to mate
<br />an award or settle a claim for damages, Harrower fails to respond fi Ixnder within 30 days after the date such notice is
<br />mated, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of tDe
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. anp 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 hereof or change the amount of
<br />such installments.
<br />N. Borrower Nat Released. Exunsion of the time for oayment or modification of amortisation at the StrtnC secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not secrete to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest Lender sha0 not rte required to commence
<br />proceedings against such successor or refuse to txtend time far payment or othertvise modify amortization of the sums
<br />secured by tDis Mortgage by reason of any demand made by the orginal Borrower and Borrower's successors in interest.
<br />Il. Borbaarace hY Isnder Not a t+Yaiver. Any forbearance by Lender in exercising am right er remedy hereunder, or
<br />otherwix afforded by applicable law, shall not be a waiver of ar preclude the exercise of any such right or remedy.
<br />the procurement of insrrraoce or the payment of taxes or other liens ar charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebudness secured by this Mortgage.
<br />IL llsmeiies C~htlre. All remedies provided in this 4orgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and mac rte exercised concurrently, independenth• or successively.
<br />13. Stieeeasws sad Arigns Boned: )over sad Several Liabil8y; Captions. The covenants and agreements herein
<br />contained shag bind, acrd the rights hereunder shall inure to, the respecteve successors and assigns of Linder and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall rte joint and several.
<br />'I11e captions and headings of the paragraphs of this Mottgage are for convenience aniy and are not to rte used to
<br />interpret or defhrc the provisions hereof.
<br />11. Native. Ettttpt for any notice required under applicable law to M given in anMher manner, fa) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower a[
<br />the Property Address or at such ether address as Borrower may designate sty notice to Lender as provided herein, and
<br />(_Ft) any notice to Lender shall be givrn by cettified mail, return receipt requested, to Lender's address stated herein or co
<br />sash other address as Linder may designate by notice to Borrower as provided herein. Any natice provided for in this
<br />Mortgage shall be deemed to have heart given to Borrower or lender when given in the manner designated herein.
<br />15, Uaitesta Mottgage; GoreraiaR taw; SeverabiBty. This farm of mortgage combines uniform covenams for national
<br />use and non-tinifornr rnvenants with limited variations sty jurisdiction to enrutitute a oviform security instrument covering
<br />real ptoperri. This Mortgage shaft be governed by the taw of the juristiiciion in which the Property is located In the
<br />event that any prevision or clattx of this Mortgage ar the Note ;vnfticis with applicable law, such conflict shall eat atfect
<br />otDu provisions of this Mortgage ar the Nate which can be given e$eci without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />1(. lnatawes's Cody, Borrower shaft be furnished s conformed copy of the Note and of this Mortgage at the time
<br />of exautien ar after recordation hereof,
<br />17. 7taasler of tree ifln~arty; Arttyliaa. If ati er any part of the Property or an interest therein is sold ar transferred
<br />by Horwwer without Leodu`s prior written consent, excluding ta) the creation of a lien ar encumbrance subordinate to
<br />this MortgtrEe, (b} the creatitxt of a purchase money security interest for heuxhold appiiancrs, (c) a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant ar fd) the grant of any leasehold interest of three years or less
<br />nix tbntaiaing an option to purchase, Lender may, at Lender's option, declare aU the sums secured by this Mortgage to be
<br />imatediatcly due and payable. Lender shall have waived such option to accelerate i€, prior to the sale or transfer, Lender
<br />sad the person ro tvliorrt the property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satiafactary to Lende; and that the interest payable on the sums secured by this Mortgage shalt be at such rate as Lender
<br />shall regtiea. If Calder Des waived the option to acceIuate pravrded in this paragraph 37, and if Borrower's successor in
<br />iatpast Des etecuted a written assumption agrx~ntent accepted in writing by Lender, Lender shall release Borrower from alt
<br />ohirsatiuns tender this Mortgage sod the Noce.
<br />If Leader esurixs such option to axelentte, tender shalt mail Borrower notice of acceleration in accordance with
<br />1~tlEfaPh id hemot. Stich notice shall provide s period of eat less than 3t1 days from the date thx natice is mailed within
<br />whieD Bortotver may pay the sums dtrclared due. ]f Borrower faits ro pay such sums prier to the expiration at such period,
<br />tsoder cost}, witDwst further rrotice csr ~tnsnd ot: A.irmwer: leveler any remedies ptrmined sty paragraph I S hereof,
<br />Npni-UixtFOast C.ovflnu)rrs. eprrower and tinder further covenant and agroe as follows:
<br />Ifi, Aeodpatlfaat; Bkaedfaa. IFscept as PruFltkl N Am+LraN t7 Aveof, upon Bwrower'a breach of auy caveoaW or
<br />> M ltrrawes to this MnsteaEe„ iaclndi•B tYe covenants to pay wl-Ita des any sums secures Dy this dlortgaRe,
<br />].edarl~iar N accalarnlaa sMtB-snail awice Io Hnrronru as provided is parnRraPD 10 Dercof specifyinE: (1) the breacD;
<br />f1:J IM aitYaa tM~d N e~w stet Draels;l3) a data, not less tYao JB days from trde date rite notice is mailed to Borrower,
<br />1! n~leli ne- Mart. atmrM Irr r~tt4 sad; (dJ tAat faBnre Io care sacD brercD on or befwt the dale specified in eDe notice
<br />aiq uwM i srcaMtttlMa of Ns wa secured Dy tti'r hla4lttla tareclaattre by iadicitd ProeeeditiE sad sale of iDe Prtyerty,
<br />71a Mtika aMB ]atlYtr iaht~ HasruwN of /Dt rMDt to rrinaWe afar acceleration sod IDs ri(<Itt fo assert in the [oteeloswe
<br />!s ~ awaaYtnce of a datank m say outer defettae of Harrower ro aceekrWion sad fnreciaaure. It tDe breach
<br />M arlf sleet qt a `dory die iNa arecified M 4e notice, Lender at teadu's upioa inay declare aU of tbt sums secured by
<br />rite M 4 itaata~iwdy-doe aN pyaWe wi/Dur1 farther demwnd sad may foreclose by judicial proceeding. Cruder
<br />+Yi M tiYiti b cereal lea awc- -rocetlitr aB +ttltuses of tnreclasurc, lnclstditie, bat not tiatMed to, costs of documeatary
<br />eaWtrte~ nltatraeis tta# Htla reEor<tr:
<br />1f, inrnrpra )Bled N Raiastate. Notwithstan<Itng Lender's acceleration o€ the stems xrcur~# by this Martgagc.
<br />Borrower abaft brut the ri~bt to havt any proceedings begun by Lender 20 enforce this Morsgaga disu~ntitrued at an} once
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