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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of xll mortgage insurance premiums in the
<br />manner provided wider 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 he payable upon notice from i-ender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at [he rate payable from Yime 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 sveh amounts shall bear interest at the highest rate
<br />pettnissible under applicable law. Nothing rnntained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to he 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 Properly.
<br />9. Condemnadtrn. The proceeds of any award or claim for damages, direct nr consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof. nr for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall he applied to the coins secured by this Mortgage.
<br />with the excess, if any, paid ;n Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />oihenvise 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 this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Propert}• 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. Writ, after notice fi• Lender to Aorrower tha4 the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond m I ender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at I-codex's option. either to restoration or repair of the
<br />Propertn• or to the sums secured be this \torttage.
<br />Unless Lender and Borrower otherwise agree in writing, am such spplication of proceeds to principal shall not extend
<br />nr postpone the due date of the monehly_ installments referred to in paragraphs 1 and '_ hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modificauon of amortization of the sums secured
<br />by this Mortgage granted by Lender in arrv successor m interest of Borrower ;hall not opernte r,, release. in any manner.
<br />the ilahility of the nrieinal Borrower and Borrower's successors in imerest. Lender shall not he required to commence
<br />proceedings aGainst such successor or refuse m extend time for payment or nthencise modify amortizannn n( the sums
<br />secured by this Mortgage by reason of any demand made by the orig+nal Bcrmwer and Borrower's successors in interact.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in cxerc+sing am• right nr remedy hereunder, or
<br />otherwise afforded by applicable law. shall not he a waiter zf nr preclude the exercise of an.' such right or remedy.
<br />The procurement of insurance or the payment of taxes or other I+ens or charter hr Lender shall not he a waiver of Lender's
<br />right to accelerate the maturin• of ffie indebtedness .caved by thi. Mortgage.
<br />12. Remedies Cumulative. All remedies provided rn this Mort:age are distinct and cumulative to any other rich[ or
<br />remedy under this Mortgage or afforded by taw or equity. and may he eceresed conn+rrently. independently or n+cec,sivetc.
<br />13. Successors and Assigns Bound: Join[ and Several Liability: Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shall inure to. the respective successor and assitns of 1 ender and Bnrro+ver.
<br />subject to the provisions of paragraph 17 hereof. :411 covenants and agreements of Borrower shall he feint and ceveral.
<br />The captions and headines of the paragraphs of this Montage a:r for aonvemence onk .:n<i re not n, he ,iced to
<br />interpret or define the previsions hereof.
<br />14. '.Notice. Except for any notice required under applicable eau n, he t+ven in another manner +:u any notice in
<br />Borrower provided for in this '.Mortgage shall to green ht' madin_ such notice by .ct t+fied mail :,ddnssed ?o Borrower at
<br />the Property Address or ai such other address as Borrower n?ay dostgnam by notice to i ender .rs provided herein and
<br />tb) any rotire to Lender shall he given by cernfied mad. rcn+m rece+pt requested. to Lender's address stated herein er to
<br />such oboe address as Lender map desienate t+y :+o[ice n, Sormwer as provided herein. 4m notice prav+ded for +n this
<br />Mnngage shall be deemed to ha+°e been g+ven to Borrower or i.ender when grvcr. in the manner desitnated herein.
<br />I5. Uniform lfort>Cage: Governing Law: Sererabtlity. Ton form of mortgage combines unifom. <:~~enams for nauonal
<br />csc and non-uniform covenants uiih iimiied •.anauons 'nv iunali.[inn to consnnue a em(otm securrtc +m~rzmten[ awering
<br />real propetty. This Mengaee shall ttr tovrrned by the .aw „f the lurisdictian in •:. bleb the Pmpern' ~-. located. in the
<br />event that any prevision or clause of this Morgage or the vote conflies ,+ith applicable law, such conflict shall not aSeet
<br />other previsions of this >•iortgage or the Note uh+ch ~.an he t+yen ctlect without the conflicting pmyision. and to this
<br />end the provisions t,f the IMoncage and file amore :. re declared to he severable.
<br />Ii. Bortower's Copy. Bormwer shall t+e fitrmshed : conforn?cd copy ni the date sad ,>f this aongaee .art e
<br />of executicm or after recordation hereof. ~ ~~
<br />17. Ttae#'er of the Property: Assumption. Tf alt or any pan of the Pre prrty or an ,merest there+n,t s~~t~ d
<br />by Borrower without Lender's prior written consem. rxchsding +:++ ti?e creation of a lira or racuttibtancC- rdinate to
<br />this Mortgage. l6) the creation of s purchasY money ,aeurity interest for household appbanccs~~el~-transfer by devise.
<br />descent or by operation of law span the dez:'.: of :+ iomt renam or ' ~ -
<br />Lender may. at Lender\ onuon. declan° ail the u+ms secured by this ?tortgagc to he
<br />immediately due and payable Lender ,hall have wa+ved such option to accelerate if. , rior ~ ~ she ,ale or transfer. Lender
<br />and the person to wham the Propern• is to be sold ar transferred ranch .+ereemem m uriung that the credit of such {>trson
<br />is satisfactory to Lender and that the interest payable on the coins secured h+ chic Moregagc .h:,ll be at cosh rare a, !ender
<br />shall request. if Lender has waived the a>ption to accrlcratc provided in this paragraph 17..:nd 't Borrower'; ,ucxssor tr.
<br />interest has executed a written assumpnan agreement accepted in uritin•~ b}• lender. f_enJer .hail release 8or+i~:•-er from all
<br />obligations under this Mortgage and the Note.
<br />)f Landes rxercisc's such option to accelerare. tender .hail mail Borrc*wer not+cr nt ,,,;;:e3eration +n ac.:ordan:e with
<br />paragraph I3 hereof. Such notice shat} provide a period of n,~: ies; than ~0 da<-: fermi the date the !t:tti<e i+ malted within
<br />which Borrower may pay the sums de, tared due ii Bnnt,ucr lads u, pat au~h arm, pn,,r to the repay won of sveh period.
<br />Lender may. without further notion or demand t•n Bnrro++rr.:nioke any remedies lrerm,ncd h, paragraph k.e htrnf
<br />Not.-U++tr-oxst CovE~w~rs. Borrower and tender Innher ~vtirnant an,f .+erec :+, i.,ll,~w~.
<br />I8. Aceekra6on; Remedies. Except ai provided in paragraph i7 4erenf, upon Rorrowcis hrraclt of am cnvenant or
<br />agreement of Borrower in this !~iongage, includirrg the rovenanfs to pay whew due an} sums se•cureti by this .~lortgaKe,
<br />[.circler prior to acceleration shall mail police to Rorrnwer m provided in paragraph t~ ltercof specifying: tl) the breach;
<br />(2) the aa9ioa ngaired to cure sack breach; (3) a dale, out less than JO days from the date the notice is mailed to Borrower.
<br />by which such breach matt be cured; and W) that failure w cure sveh breach oa ur before IMt date specified in ihr notice
<br />racy recall In acceleration of the sums secured by th$ \turigage, forecir~sure br jrtdiciul proceeding and lair of the Property.
<br />The notke shall further inform Borrower of the right to reinstate after acceleration and the right to assert in ihr foreclosure
<br />proceedhftt {he inn-exisienee of a defquif or anJ other defense of Borrower to acceleration and fnreciosurr. Cf the breach
<br />is not cared tin or before ibe date specified in the notice, Lender at fender's option may declare all of the cones secured 6y
<br />'this Mongree In be imaredirtely due and payable without further demand and ma+ forrclusr by judicial procerdiag. Lender
<br />shah bt entitled to collect in such procerding ail expenses of foreciosorr, inrbiding, but net limited to, costs ul' doeumentar}
<br />evidence, aburaclc sad tick reports.
<br />19. Borrowels Risbf to Reinstate. Notwithsfl:nding i ender'. .x <clerau:•n of the ,urns ,e. weed by thi_, h(ongage-
<br />Borrowrr shall have the right to have any proceeding, begun by I ender t.~ ~ni,+re ihu Mongngc .fi><omnn;eJ ..: any nine
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