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Leader's written agreement or applicable taw. Borrower shall pay the amount of all moagage insurance premiums in the
<br />moaner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become addirionat
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upov notice from Linder to Borrower reGucsring payment thereof, and shall bear interest from the
<br />date of disbursement at t;:e cote payable from time to time on ontsianding principat under the Note unless paymcat of-
<br />intesest at such rate would be contrary to applicable taw, in which went such amounts shall ixzr interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shalt require Lender to incur avy expense or ta3te
<br />any action hereunder.
<br />S. InspaMlov. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Leader shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor relattd to Lender's
<br />intzresc in the Property.
<br />4. Condemnation. The proceeds of any award or claim for damages. direst or coasequentiai. in connection withany~
<br />condemnation 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 went of a total taking of [he Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with [he excess, if any, paid to Borrower. In the event of a partial taking of the Property, pnless 1'TOROWGr and Lender
<br />: otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />i'yy~ as is equal [o 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 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 Lender to Borrower that the condemnor otters to make
<br />~' an award cr settle a claim for damages, Borrower fails ro respond to Lender within 30 days after the date such notice- is ,
<br />mailed, Linder is authorized to wtlect and apply the proceeds. at Lender's option. either to restoration ar repair of the
<br />'~ Property or to the sums secured by this Mortgage.
<br />r„` Unless Lender and Borrower otherwise agree in writing, any such appiicazion of proceeds to principal shall not extend
<br />~+ or postpone the due date of the monthly installments refered to in paragraphs ! and ?hereof or change the amount of
<br />~ sash installments.
<br />T0. Boroower Noi Released. Extension of the time for payment or modifica[ion of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of $orrower shall not operate to release. in any manner,
<br />the Liability of the original Borrower and Borrower's successors in interest. Lender shall not be reGvired to commence
<br />proceedings against such ;uccessos or refuse to zxtend time for payment or otherwise madi[y amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's s~ccesscrs in interest.
<br />IT. Forbearance by Lender Not a Waiver. .4m forbearance by Lander in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicabiz law, shall not be a waiver of or preclude the exercise of any such right or retrtedy.
<br />The prociireinent~Q rti~suapc~_oC,the payment of taxis or other liens ar charges by Lender shalt not be a waiver of Lender's
<br />right to accelerntz;,ihe,tsaacuri~y of the indebtedness secured by this Mortgage.
<br />12..liremet,{les~'atg~ilejt~sg,..411 comedies provided in this 4ortgage are distinct and cumvlativz to any other right or
<br />.remedy undai-shii.Mbtxgageor-afforded by taw or equity, and may be exercised coneurrenth'. independently or successively.
<br />13. Successors and :0ssigns Bound; 3oint and Several Liab7ity; Captions. The covenants and agreements herein
<br />contained shall bind, and the tights hereunder shall mute to, the respective successors and assigns of Leader and Boroower,
<br />subject to the provisions of paragraph l7 hereof. AIi covenants and agreements of Borrower shall be joint and several.
<br />'t'he captions and headings of the paragraphs of this 'vortgage are for convenience only and are not to be used ro
<br />irierpret ar dzfine the provisions hereof.
<br />ts, ;Iui~re. Except for env npeice renuired coder applicable taw to be given .n another manrzer, (a) any notice m
<br />Borrower provided for in this Mortgage shat! be given by nailing such notice by certified malt addressed to Borrower at
<br />the Property Addrs~ss ar at suck other address as Borrower may designate by notice to Lender as provided herein, and
<br />fbi a notice [a Lender aE! be 'a-ivep ^. certified mail. retain r..,.eipt requested, n l =. -, address stated 'h=rein ar to
<br />such other address as Leader may designate by notice to $nrmwer as pntvidcd hereinV'.4ny notice provided for in this
<br />,.: rgag;: s ;art bz dzam~„ w trove boar given to Ear rowtr or t_endzr w;ten gives ; in the manner designated hztxin.
<br />V 15, Uniform Mor[eaee: Governins Law; Severabfiity. This farm of mangage combines uniform covenants for national
<br />use and uon-uniform covenants with limited vananons by lunsdienan to canstttute a uniform security insirvmnnt covering
<br />rcai property. finis :'viartyage shah be governed by rhz taw of the iunsdicuon in which the Property- is lacair:d. in the
<br />event that any provision or clause of this Mortgage ar the Vote conflicts with applicable law, such conflict shall not atlect
<br />other provisions of [his Mortgage or the Vote whtch can be given etTect without the conflicting provision. and to this
<br />zed the provisions of the Mortgage and the Vora are declared tp he severable.
<br />16. Borrower's Copy. Borrower shall 6e furnished a coniarmed copy of the Votr and of this Mortgage az the time
<br />of execution or after recordation hereof.
<br />17. 'T'ransfer of she Property; Assumption. I# all or any pert aF thz Praper±y ar an interest therein is sold or transterred
<br />by $orrower without Lcndzr's prior written consent, excluding fat [he ereazion of a lien or encumbrance subordinate to
<br />this Aiortgage, (b) the creation of a purchase money security interest for household appliances, ~c> a [ransfer by devise.
<br />descent or by operation of law upon the death of a joint tenant or idl the grant of any leasehold interest of threz years ar less
<br />oat containing an option to purchase. Lender may, a[ Lender's option. declare all the sums secured by this ~tartgage to be
<br />immediamly due and payable. Linder shall have warned such option to accelerate if, prior w the sale or [ransfer, Lender
<br />and Cite person ro whom the Property is to be sold or transferred reach agreement in venting that the credit of ouch person
<br />is satistnctory to Linder and that the interest payable on the sums secured by this Mortgage ,hall bz a[ such rote as lender
<br />shat( reyuest. If Lender has waived the aptian to accelerate provided in this paragraph 17. and ~f Bartowar's succesor in
<br />interns*- has exzcuted a written assumption agreemem accepted in writing by l.endrr. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />Lf Lander exercises ;uch aptian to accelerate, Lender ,hall mail Barcower notice of aacrieraupn in .xr:ordance vetch
<br />paragraph 14 hereof. Such notice ,hail provide a period of nut less than 30 days From the dare the notice is mailed within
<br />which Anrrower may pay the >ums daciarzd due. tf Borrower rails to pay such sums prior to the zxpirauon of such ?cnod.
<br />Lender may, :vithou[ further naticz or aiemand on Aorrowec :nvokz any remedies permitted b} paragraph !g nereof.
<br />Norr-LTNlFORh1 Cnvtivah'r9. Borrcwzr and Lender further cpvenant and agree as failaws:
<br />lZl. :4cralzratlon; Ramedle~+. Except as provided In paragraph 17 hereof', upon Borrowers brcarlt of any cuvenartt or
<br />ttgceameni of Bnrrowar in lhls Siartgtrge, inetudink the ro.'enaols to pay when due any sums secured by thin 3tnrtgagr,
<br />Lender prior to acceleration shall moil notice to Rnmtwer as provided in paragraph 13 itereaf sperifyin>;: il) the hreuc h:
<br />f3) rtes at.Ylnn rnyuired to cure suelt brratcdt; IJ) a date, nut less than 3Q dare from the date the notice is matted to Harrower,
<br />by witla:r such breach must lea cured; end l3) that failure to cure such breach an or befars the date specified in the cat}ar
<br />may result in acceleration nt the sums srrured by this 13artga>;e, foreclosure by judicial proceeding cord sale of the Property.
<br />The notice sha$ further infomt Borrower of the right ro reinstate after a retoration and the right to asaeri iu the fareclnsurc
<br />proaeading the nun-aslstunce of a default or any other defense of Bnrruwer to accelrrutim+ and fiarecinsurr. If the breach
<br />is oat cured un or before the dote spaeilied in the notice, lender at Lender's optimt may declare uii of the sums secured br
<br />[iris hhstit;asa So he immediately due and payable without further dantand and stay forrch>sv h} judici:d proceeding. Lender
<br />shall ba rniiiled to ca$ect in such proceeding :tll expenses of foreclosure, including, trm not limited to, .psis of darumentury
<br />ovldener, abstracts and title reports.
<br />tel. 2`#orrawar's Might to iceinstate. Votwtthstanding Lender's accciersuun ~.~i the <ums ,raun•d by .:'us ~1 a•rtg,rge,
<br />a.r Rer sh_II h::-e [`.ae right t_ h y pct di fns h< -n 6:• !ender ~. :n!, - th,. 'v!u - _.+_, ."t. ~~ied s .lore
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