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<br />Lender's written agreement or applicable law. Aorrnwer shall pay the amount of all mortgage irsurance 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 become 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 nn 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 />perntissibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. hnpection. 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 />4. Condemnatbu. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for cnnvcyance in lieu of condemnation, arc hereh}' assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Prnperty. the proceeds shall be applied to the sums s.-cured by this Mortgage,
<br />with the excess. if any, paid to Borrower. In the event of a partial taking of the Property, unless Aorrnwer and Linder
<br />otherwise agree in writing, there shall ere applic<i to the sums secured by this Mortgage such propartion of the proceeds
<br />as is equal to that propartion which the amount of the scans secured by this Mortgage immediately prior .• the date of
<br />taking hears to the fair market value of the Property immediately priar to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, ar if. after notice by Lrnder to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Barmwer fails to respncd to Lender within 30 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 />Property nr to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall oat extend
<br />or postpone the due date of the monthly installments rc'~rred to in paragraphs 1 and 2 hr_reof or change the amount of
<br />sstcF, installments.
<br />l0. Borcower Not Released. Extension of the time for pnvmcnt nr rnodificauan of amortization of the sums secured
<br />6y this Mortgage granted by Lender in any succcssur in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment nr ntLdru•ise modify amortiza[io^ of the sums
<br />secured by this Mortgage by reason of any demand made h}. the original Borrower and Borrower's successors m interest.
<br />I1. Forhearaam by Lender Not a R'aiver. Any fartrearancr by Lender in exercising any right or remedy hereunder. or
<br />otherwise aSorded by applicable law, shall na ht a waiver of nr preclude the exercise of cry such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens ar charges by i_ender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebedness srcun:d by this '.inrtgage.
<br />L~,~ ~Rem~edies CumuWtve. All remedies provided in this Mortgage are distinct and aamutativt to any other right or
<br />+em~yao~f$age ar afforded by taw ar cyuity. and map he cxcrased .oncvrrcntty. independently or successively.
<br />.13. ttoota and AsdBus Bound: Jninl and Several Liabilit}: Captions. The covenants and agreements herein
<br />cnnt~limi~e14:5iud..attdahc ri¢hts hereunder shat! ,m+re to. the respecticc su«ccssnrs .::d assigns of Lender and Bnrmwer.
<br />subject to the provisions of paragraph 17 hemnf. :41i covenants ar,~i a,reemenn of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for :nnvenicrce onl}~ :end arc oat to be used to
<br />interpret or define the provisions hereof.
<br />1~. Notice. Exttpt for any notice required under applicable taw to he given m another manner. ia) any notice to
<br />Borrower provided for in this Mortgage shall he given h}' marling such ne:icc h} ccnined mail addressed to Borrower at
<br />the Property .4ddrPss or a[ such other address as Borrower may designate by notice to Lender as provided herein. and
<br />(b) any notice to Lender shad be given hp ccrtifi~d mail, return reecint requested. to lender's address stated herein or to
<br />such other address as Lender may designate b}' native to 8orrou•er as !~mvided herein An}~ notice nravided for m this
<br />Mortgage shad 6e deemed to have been given zo Borrower nr Lender when given in the manner designated herein.
<br />I5. Lrafform Mortgage; Governing Caw: Severablity. This form of mortgage combines uniform covenants : or national
<br />axe and non-uniform coventmts with limited variation. by }urisdietion to cunstibuc a unifnror security instrument cm~ering
<br />real property" This Mortgage shall be governed by the taw of the jurisdiction m which the Prnperty a located. In the
<br />event that any provision ar clause of this '<tnrtgage nr the Note conflicts with applicable taw, such cnnflia shad nni :stfr t
<br />other provisiots of this Mortgage ar the Note which can b< given effect uithavt the conflicting pmvisian, and to this
<br />end the previsions of the Mortgage and the mate are declared to be sevuatrle. ,
<br />l6. <<onowePs Copy. Borrower shall t+e furnished a conformed copy of rhr Note and of this Mortgage at the fame
<br />of execution or after recordation hereof.
<br />' 17. Trarsl'er of the property; :lssumpliou. if all ar ar»' part of the Prnperty nr an interest therein is sold nr transferred
<br />by Borrower without Lender's prior wriuar canacni, excluding tai the Creation of alien or encumbrance subordinate to
<br />this Mortgage, (b) the ereaUnn of a punfiase money security interest far household appliances. (ci a transfer by devise.
<br />descent or by operation of taw upon the death of a j<rint tenant or '. _. +
<br />Lender may, at Ltrder's option. declare all the sums se<ured by this Mortgage to he
<br />immediately due attd payabit. Lender shalt have waived saCh opuon to accelerate if. prior to the sale nr transfer. Lender
<br />and the person to whom ttte Prnperty is to he >ofd or transferred reach agreenrem in writing that the ere<iit nI such person
<br />is satisfactory to Lender and that iht inis~mt payable nn the sums secured by this Mongagc shall be at such rate as L.cudar
<br />shall request. tf Lender has waived the option to accricratr provided in this paragraph 17. and if Borrower's successor in
<br />imereet has executed a wrinen assumption agreement accepted in writing by Lender. Lender ,hall release Borrower from all
<br />obligatiaas under this Mortgage and ttu Note.
<br />1f Lnttder exucises such nptian to accelerafr, t_euder shat? mail }Lnrrnuzr nonce of ac r~lerannn ro nccardance with
<br />paragraph 13 hereof. Such tratiCr vhaH prov+dr <, prnixl of nut Icss than 1f} da}s fr<+m iht date the entire is moiled within
<br />which Borrawer may pay the sums declared due. if Birrrauer fa+Fs ra pay such ,+~ms prior tr. the expiration of such period.
<br />Lender secy. without furtttet natic« or demand nn iii+~ ruuea~, +nvokc an} remedies pcrmstte,t h} paragraph I R hereof.
<br />Note-U[i/FOat.+ CAYENANI'c, Barrawer and i cti.ter futiltrt envenom .rod aErew a. tollaws:
<br />16. Acedesatitsn; Remedfa. Except as provided is para[i[aph ! 7 hereof, upon Borrower's breach a( any covenant ar
<br />agreenteN of tforrowrr La this Mortgage. iaciw/ing the rovrnants b pry when due any sums secured by this 3toAgagc,
<br />i cotter prior N aecekryiau shall tacit notice to Borrower trs provided in paragraph Ii hrrrot specifying: i I) the breach:
<br />f2) tie aeliml regaMed to care such breach: 131 a dstt. curt kss thaw 34 days from the date rhr. notice is mailed to BorroKrr,
<br />by witch [inch 6reari coact Ye ewrd; sad 13) fiat fadurr fo rare such breach an or before Ihr daft specified in the notice
<br />trtay rearN h atederatiriu of-tie sums secured by this Mortgage, forecbrsurr by judicial prurerding and sale of rhr Property.
<br />"Cie aotke chaff ftrrtlwr idorm &rcrower of rhr rq;6t to rciaslatr after acctleratiun and rhr right to assert in for furrclusurt
<br />. prpceediag stir ttttw-eits-satt of a defwU nr am Whrr akirnse of Borrower ra ac.rirrutiun and forertosurt. tf rhr breach
<br />is cat-cured oa or helots tie dale specified -in sir twliee, ixndex at t.rndrr's nptian may drelart all of lire soon srcurrJ by
<br />this Mortgagt~to be ilnmedimely.dae cad t'aYa~ wiiholrt further demand and may foreclose 6y judicial prurerding. I.rncler
<br />siaM lr eattlkd to colkaY M sorb procerdtng aN exprrrses of iorscbrsurc, inrloding, but nut limltrd ta, cust> ut' dorunremary
<br />evidence. aistractc cad title reports.
<br />39. iwrowrr's Right to Rriuslalr. 'v ntw ithatnndu,g i.andcr-. :,.~«~;+; nnu+a c+t tlrc aun+ scimed fn th+. Mu+itn+>;~-.
<br />Bcurcrwrr Shall Flare the right In have any proaredinhs bckun I:} i cod=-i t+~ +r,u,+o: rh+s '+h+ttg-+ge +"si+c.reuuwcd .,t soy •~anc
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