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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premwms in the
<br />manner provided under paragraph 2 hereof.
<br />Anv amrnmts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of nayment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbt[rsement at the rate payable from time to time on outstanding principal under [fie Note unless payment of
<br />interest at such rate would be contrary to applicable law. in which ever,[ such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Jespecfion. 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 :he Property.
<br />9. Coademmtbn. The proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />cnndemnattan or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a total taking of the Property. the proceeds shall he applied to [he sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. in the even[ of a partial taking of the Property, unless Borrawer and Lender
<br />otherwise agree in writing, there shall be applied to [he sums secured by this Mortgage such pmportian of the proceeds
<br />as is equal to that proportion which the amount of the sums secured h7 this Mortgage immediately prior .. the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by i_ender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorzed to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Properp• or to the sums secured by this il4orteage.
<br />Unless Lender and Borrawer otherwise agree in writing, an}• such appticntion of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />18. Burrower Not Released. Ex:ensloa of the time for Pa< ar madifisaonn of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of ~Aarrower shall not operate to release, ir. any manner,
<br />the liability of the original Harrower and Borrower's successors in interest- Lender ;hall not he required to commence
<br />proceedings against such successor or refuse to extend time fat payment ar otherwise modify amortization of the sums
<br />secured by this Mortgage by' reason of any demand made by [he original Aarrawer and Borrower's successmrs in interest.
<br />Il. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercisine any right or remedy heretnder, or
<br />otherwise afforded by applicable taw, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes er other liens or charges h Tender shalt not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness sen:rcd by thk Mortgage.
<br />12. Remedies Cumnhhve. All remedies pmvided :n this }1arteage arc distinct and cumulative to soy other right or
<br />remedy tinder this Mortgage or afforded by law or eyuin-, and m: }~ he exerc~scd cencurrerztly, independenth• or successiveh'.
<br />13. Successors sod Assgns Bound: Joint and Several Liability; Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder ,halt inure ta. the respective successors and assigns of Lender and Borrower
<br />subject to the provisions of paraeraph I7 hereof. Ali covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Martgage arc far convenience anFy :rod arc oat io be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given m another manner. (a) any notice to
<br />Harrower provided for in this Mortgage shall be given by mailing such uoncc by certified mail addressed to Aarrawer at
<br />the Property Address ar at such other address as Borrower ma+' designate by notice to Lender :;s pravided herein, and
<br />(b} an}' notice *.o Lender shall Eae giver. by certifrt'? mad. rentm receipt requested. to i ender's address stated herein ar to
<br />such other address as Lender may designate by notice to Aarrawer as pmvided herein. An}' notice pmvided for m this
<br />Martgage shall be deemed to have been given to Borrower or I ender cwhen given in the manner-designared herein.
<br />15. Uniform MortB~r; Governing Law: Severabilih-. Thic form of mortgage combines uniform covenants for national
<br />use and nun-uniform covenants w~[h limited variations h} niriad:ction to constinrte a uniform security iasuument covering
<br />real proper[}•. 'psis Mortgage shat{ Ix governed by the law of the iurisdictron in which the Property iti faceted. In the
<br />event [hat any pmvision ar clause of this Mortgage or the Vote conflicts :with applicable law, such conflict shall oat affect
<br />ether grovisians of this Martgage or the Vote which ::an he ,:teen ctTect without the conAictin=~ provision. and to this
<br />end the provisions of the Mortgage and the Vote are declared tc, he severable.
<br />16. Ibnroyrer's Copy. Borrawer shall he furnished a conformed copy of the Note and <~f this 'Mortgage at the lime
<br />of execution ar after recordation hereof.
<br />17. 7rarrsfer of the Property; Assumption. tf ail or any port of the Property cv an interest therein is sold or transferred
<br />by Borrower without Lender's prior written .onsent. excluding jai the creation of a Lea or encumbrance s+hordinste to
<br />this Mortgage, fb) the creation of a purchase mm~ey sccurit} interest tar hnusehald appiianees, tc1 :+ transfer 6y devise,
<br />descent ar by operation of law upon the death of a iatnt tenani ar - - '~
<br />Lender may, at Lender'. option, du.lare all the sums secured by this l<tattgage to be
<br />immediately due and payable. !...ender shall have waived such option !.+ :;+:celcrate :f. prior to the bale or transfer. !.ender
<br />and the person to whom the Prepcrn' is to be said or transferred reach agreement ;n writing the[ the credit of u+ch person
<br />is satisfacto»' to Lender and that [he interest naw°able an the sum. secured h} this Martgage shall he at such rate as Lender
<br />shalt request. Tf Lander has waived the option to accelerate provrded in this paragraph 1?. and if Aarrawer's wccesscx in
<br />interest has executed a written assumput?n agreement accepted in ~sriting by Lander. Lender shall relea>e Borrower from ail
<br />ob7igatipns under ibis Mortgage at+d the Vote.
<br />If Lender exercises sttcla option to accelerate. l.cr:der 4h.+ii naafi Aarrou-er not:ee of aoceleruuan in accordance with
<br />paragraph i4 hereof. Such taatice chili provide a period of not less thans~ days t'rom the date ihr. n.uice i+ mailed within
<br />which 8orrowcr may pay the sums declared dye If Borrower :ails 'o puy such sums polo to the cwpi ration .tt ~u~h period,
<br />Lends; ma}•, w•itlaaui ftarther notice tar ~4:mand +m Aotrtnaer.:nvuke any re!t;edits nernutted h}' p-vagraph ! it borer>i.
<br />NoN-LNlFZaliM Covs~;sv7S. Borrawer .sod Lender furher navcn:;nt :;nd agree a, tollaws.
<br />18. Aectkr~aa; Rtrrcediec. Fscept ~;' pras'idtd in paragraph 17 htreaf, upon B+urrawer's hreac6 0l any covenant or
<br />a8reeuteat of BartaM•er is fh[y Y1or18a8t, ractudio8 rht coy tnanfs to pay ahrn due eery sums secured by this :clartRaRr.
<br />Leader prior Ia accekratioa shag marl ootirt to Rorrow~er as provided in paragraph 13 hereof specifying: (Il the breach;
<br />T2) iht aclioa required to cure sac6 hrtaci; (31 a data not less than Jfl day's from the date the native is malted to Borrower,
<br />Yy tvflith verb breach tiros[ 4 turtd; and f4) that fsilurr to cure such breach nn or htfore the date specified in the notice
<br />rosy reauh is acceleration of the suaay secured by [hie ~larfeage, tureclawre by judicial procetdinK and tale of the Property.
<br />Tit rwtice shall farther inform Borrawer o[ the rich[ to rcimtatt afire acc~eltratiou sod the right to assert in the foreclosure
<br />proceedia` lit sou-etiNenec of a rkfauit ar say o16er defentie of Borrawer to •rcceltratian and iorczlosrtre. tf the brr;ach
<br />' is sot cured an err belays tie dNe sptci8ed in the notice, Ixoder at l.endePs apriou may declare all of the Burns secured by
<br />Ibis Mart~t to Ire immediately dot aad payaiie vrithout further demand and may t'oreclux by judkial prareediug. Lender
<br />shad it raliilkd la [alleys to such prortediug aB expenses of foreclnsnre. including, heal nut limited Io, tasty of documentary
<br />evidence, alwltacls anA ii/k repasts.
<br />14. liorrawer's ki8ht to Reiusiatt. Norwithstanding !.cadet , ~ ....w~a,~,>. she ,ram= secured h} ih+, Aiart ti:>~c.
<br />Borrower shelf pace the right to have any pruceedusgs lacgtra ny~ 1 +-odc+ to eau~:~c ihi, Mrx:};:+gr raivcaui:nuc.:.::.r::y :~u:..
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