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<br />Lendei s written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph ?hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph '. with interest thereon, shall become additional
<br />indebtedness of Borrower secured 6y this Mortgage. Unless Borower and Gender agree to other terms of payment, such
<br />amounts shall be payable upon 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 event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing rnntained in this paragraph 7 shall rtquitt; Londe- ro incur any expense or take
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to he made reasonable entries open and inspection; of the Property, provided
<br />that finder shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cotademnadon. The proceeds of any award or claim for damages. direct or consequentiah imeonnection 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 tie paid to Lender.
<br />in the event of a rota) taking of the Property, the proceeds shall he applied to the sums secured by 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 />Mherwise agree in venting. ahem shall be 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 this Mortgage immediately prior f,. ,he date of
<br />taking bears to the fair market value of the Property immediateh~ prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower. -
<br />If [ht Propem• is abandoned by Borrower. or if, after notice by Lender to Borrower that the rnndemnor offers to make
<br />an award or settle a claim fur damages, Borrower fails to respond to Lender within 3t} days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Propern• or to the sums secured h}~ this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, ant 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 />10. Borrower Not Released. Extension of the time t`or payment or modification of amortization of the sums secured
<br />by •his Mrrtgage g anted by Le:tcler to any successor +.. interest of Borrnxecr shalt not operate to release. in any manner.
<br />the liability of the original Borrower and Borrower's successor<. in interest. Lender shat] not he regaired to commence
<br />proceedings against such successor nr refuse to extend time for payment er otherwise modify amortization of the sums
<br />secured by this Mortgage b}' reason of :+m' demand made. by tfie c.riginal Borrower and Anrmwei s successors in interest.
<br />i1. Borbeartutce bV Lender No[ a Waiter. 4ny ferhearanct he I ender in exercising any right or remedy hereunder, or
<br />otherwise afforded 67 applicable law. shall not E,e• s waiver of or prec}ude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes nr other Eretn ,•r ;-hargts by fender shall not he a waiver of Lender's
<br />right in accelerate the maturih• of the indehttdness cecurrd M• this itongase.
<br />12. Remedies Cutnahtire. .4I1 remedies pr.,.idcd :n this ~tatteaee are distinct and .umtdative to any other right or
<br />remedy tinder this Mar[eage or afforded by !aw ~+r cau+tc.:rnd mac F.e exereistd cancurrertly, independents}~ or snccessiveiy.
<br />13. Successors and Assiltas ibot;nd; Joint •rnd Secerai Liability: Capriorts. The ~oa'tnants and agreements herein
<br />contained shall hind, and the rights hereutder ~hati inure to. the respechye successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph t' hereof. ,`+I{ covenants and a~reemenis of Borrower shat) he joint and scvtral.
<br />The captions and headings of the pazaeraphs of this Mongagt are for convenience ~n1y .rnd :ere not «, he used to
<br />imerpret or de»ne the provisions hcreaf.
<br />14. Notice. Except for any nonce requited under applicable law to be given in another manner (aJ :my notice to
<br />Borrower provided for in this Mortgage shall C,e gtvtn by mailing such notce h}' etrtified mail addresxd to Borrower at
<br />the Property address nr at such other addres, as Burr.=wet may des!gnatz by notice to i_ender as provided herrim and
<br />(b) any notice to Lender shall bt ;iyen hx cettt»e.; ma+t. return rece+pt requested. to l.endtr'; address stated herein nr to
<br />such other sddtess as Lender may designate }-~ ::.nix.'e t„ Boat*wer as proyidet herein. Any notice pro:•ided for in this
<br />Mortgage shall be dcetned to hale been given to Borr ucr yr I end r when gtyen m th manner designated het tn.
<br />15. UrRorm Mottta{e; Governing law Serenbdtfs Thi, 1 rm of mortgage con times )tn~fot'tm~eo#trtt~t r na«onsl
<br />use and non-uniform covenant; with limited variation- h}~ ainet tion to constitute a umform sxCCrjt7winstn~m it,,x'ering
<br />real Property. This Mortgage shall be gavcrntd by the !aw of the jurisdiction in whicfi the, Propne~ i's* IErtati~-- Cn the
<br />event that an}• provision or clause of this \fartgage :~r the \.,±e conflicts with applicable''aw, such conflict shall not affect
<br />ot}rer provisions of this Mortgage or [ht Note uhrch can +a c+xrn effect without the conl?icting provision. and to this
<br />end the provisions et the Mo€Igage and the V arc art declared n, be severa63e.
<br />J6. ttbrtrowers Copv. Borrower shall he furnished a ennfamted ccxpy of the \ete and esf ;h!c }•tongagr at tiro tint
<br />of execution or after recordation hereof.
<br />17_ Tramierof the Aaperty; pssumptiou, if all ar soy nart of the Proptrtv or an mtereht therein is sold or transferred
<br />by Borrower without Lendcis prior written avicttn, txeluding ta) the emotion of a lien or encumbrance subordinate to
<br />this Mortgage, fb) the etYation of a punhase money stcurir}• interest f.r househcid upplia,^.ce~. pct a tramfcr by devise.
<br />descent or by operation of tau upon the death of a joint tznant nr ~ - ~ ~ - .` -
<br />Ltnder ma}, at Lender', option. 3eclare all the sum; secured hp this Mottgagt tts be
<br />imtediately due and payable- Lender shall have waa'ed such optrnn ts, astltratt if. prior to rite •a{e +~r transfer. Lender
<br />and the person In whom the Property is tc~ be sold or transicrrtd reach agreement >n u~rn~ne that the' cn°t3t of such person
<br />is satisfactory m Lender and that the inttrest parable nn the sums secured h} this Afortgagc shall he at sorb rain ac Lender
<br />shall reqursL if Linder has waived the ~apiioa to accelerate provided in thts paragraph ! 7 end :f Bc+rrow er-< successor in
<br />interest has executed a written assumption agreement accep[ui in evrit~ng by !enter. Leader .hail reftast Borr. utr from all
<br />obligations under i~is'aiortgage aid the Note.
<br />If Lander eaereists such ap[ion to aceeltrate. Len.it: ;hall mail ftorrczucr nca~ce of acctlerat;c'n !r. accordance with
<br />paragraph 33 hereof. Birch notice shall provide a ;teriad o,' sett !ess ibis 3D da}-, from t'tte date the n~tiee is m:iiied within
<br />which Ba:trower ma}' Pa} the sums declared den. If Borrower fats +u pas su: tt :um. pr~.v t., the cxnir:,tron .,f ~ueh pcrod.
<br />Lender max, wi3#'tout further native or demand on Born:w tr. ~nsoke an,, rtttudies ptrmnte.i by p:uagraph Iti `rtrec,f.
<br />Vu.4-U=vttorit-[ Cztvi'`.av~s. B:rrrou•zr and f.tnder fttrtiies ce,tinnnt and :.grog as totlow+.-
<br />f& ~r'cderariua; Retredies. Except as provided in paragraph 17 htreuf, upon Bo:ruweis breach <rf aay eovenauf nr
<br />aBettirttet of Itlorrowtr it fits ilortRa(Zq Cnchaiifr` fhe cm-enrols to pay when iur any sums secured Cry ibis MartgaKe,
<br />Ltadtr prior a accekatitra ahaY rail soiree fa l6urrourr as provided in paragraph IJ hrreaC spcci[}ing: tl) the breach:
<br />(2) lie atHiw ee9ried to tree ctr. i breach; f3C a date, reel Its than 3G days from the date iht uoficc is mailed to Borrower.
<br />hY wiici arch ireaci slut he cuntk and (t) that faiirue to cure such breath on ar before the date specified in the nuiice
<br />aeay resafi is aceefaratioa of tie wan secured b} ibis lforyfatla foreciosurr b} judicial proceeding and sate of the Propert}.
<br />lire tewie tiaB fr+tier Cafurat ^rrrowe[ of the right fo reinsfatr after acceleration and the right to assert iu the foreclosure
<br />prottediug tit arts-t:iffeace of a dtfaull or aa} ofbtr defemt uC Borru*ser to acceleration and furetiosurr. ff the preach
<br />is aW erred on or before lit date specified bt the notice, I..rndrr at Lruder's aptioa may declare all uF the cams secured h.
<br />thk ~tuttgtge 1o be immtdLttly due sod payable withom Cur[hrr demand and stay fureclase try judicial pruceedity;. l.rnder
<br />sia1/6e tatitkd to cuikN Ca such proceeding all expertsrs of furtctusurr, includin[L, but out limifed to, cost> of documentar}
<br />evideacf, ahsiracts and thk reports.
<br />IP, iorroweta Riglif ko RsCnstatt. hotw•ifhsmrd~ng I endti ~:..~.cierstnrn <', tree .wine =.cuue<I ns the, ~t.•+tt age-.
<br />Borruwar shall bare xhe right to }rave any prrtieediol,~ begun 'r.; I ,'odes t., cuturcc ii,,, ~Cnttg..gc d~,~ont:nu.d ,~, trenc
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