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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of al! mortgage insurance premiums in the
<br />manner pYOVided under pazagraph 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 Harrower and Lender agree to office terms of payment, such
<br />amounu shall bz payable upon noticz from Lender to Harrower requesting payment thereof, and shalt bear interest from the
<br />date of dtsbursemen[ a[ the rate payable from time to time on oa[standing principal under the Note unless payment of
<br />interest of such rate would be contrary to applicable taw, in which event such amounts shall bear interest at [he highest rate -
<br />permissibie under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder. - .
<br />8. ''rtispection. Lender may make or cause to be made reasonable entries upon and inspeMions 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 />9. Coruiemnation. 71te proceeds of env award or claim far damages, direct or consequential, in connection 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 shalt be paid to I~nder.
<br />In the event of a total taking of the Property, the proceeds shalt be applied to the elms secured by this Mortgage. - -
<br />with the excess, if any. paid to Hornns•er. In the event of a partial taking of the Property, unless Borrower and Lender.
<br />otherwise agree in writing, them shall be applied to the sums secured by this Mortgage sucfi 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 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 offers to make -
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized io collect and apply [he proceeds, at Lender's option, either to restoration or repair of the_
<br />Property or to the sums secured by this Mortgage. -
<br />Unless Lender and Hn[rower otherwise agree in writing, any 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 />CO. Borrower Nat Released. Extension of the time for payment or modification of amortization of the sums secured -
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shat( no[ operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest- i.ender shat) not be required to commence
<br />proce_rdings against such successor or refuse to extend time fo[ payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made 6t' the original Borrnwtr and Borrower's successors in interest.
<br />tt. Forbearance by Cinder Not a Waiver. Any forbearance by F.,ender in exercising any rieht ar remedy hereunder, or
<br />otherwise afforded by applicable law. shall not be a waiver of or preclude tfie exercise of any such right or remedy.
<br />'the procurement of insurance or the payment of taxes or other liens nr charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumuietive. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage ur afforded by taw nr equity. and may be exercised concurrently. independent!}' or successively. `
<br />13. Successors and A.~vigns Bound: Joint and Several T.fahility; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights ~ ereunder shalt inure te, the respective successors and assigns of Lender and Harrower.
<br />suisjrcn to tbz provisions ref paragraph i'r bereof. Atf covenants and agreemznts of Borizrwzr shall be joint and srvrrsi.
<br />The cantinas and headings of the paragraphs of this Mortgage a[c for tonvcnitnre only and arc net to he used to
<br />interpret or define thz provisions hereof.
<br />i~'. Naticr. Except for any notice required under applisabfr law to be given in another manner, tai any notice to
<br />provids:t ta. ;n !i.;- Art.-tga~.- {haF! bs grsn h~.:=+=~hng s::uh ::arise h': c *t:&cd r=*=~t rddressed in Borrexer at
<br />tbt Preptm address or at such ether :tddres. as Bc?rrnwer may desiguatt by notice to L-ender as provided herein, and
<br />lb ar.}~ nutter [n i_tndrr snail M given e ~rrtinrd mail. rrr:;m receipt rtqutsted. r: i cndrr's addrrs_s stated ierrrin :~ t5
<br />such ether address as 1-ender may' desienate by notice to Borrower as provided herein Any notice provided for in this
<br />Faarrgage shah %~ deemed to h:a~t heea g: set. to tit?newer or i-ender when given in the menace cssignated here'...
<br />- c. `irTr. `,.:x'n~'F-; i v~~?+ir3~. t.w~: ;~'ei=i+ amity, i',i i'i £irr~r i m>:it ~;a~ ii3fiiirtfit'.-5 Crniic"iFft c -cfl9Ri~ '.-, a-trfc^.-n3i
<br />us+' and non-uniform covenants with limited rarianans by jurisdiction to eonstihnt a uniform ssnrrny;instrument covering
<br />real property'. `this Mortagt shalt be tovcrntd by the law oI the lurisdictinn in which the Property is hicared. In the
<br />event tilnt any pr++vimon or clauu of ihi< Afnngage or the Note conflicts with applicable law, such conflict shat! not affect
<br />other prnvESions of this Aivnguge ++r the 'vote wbitb can be given etiest without the cunliicting provision, and to this
<br />end the pen*isions .*i [be Mortgage and the tints are declared to be stvzrablt.
<br />f5, Borrower's Cope. lkxr.?w•tr shall ht turnisbtd a confurme<S copy ni the Nnte and of this Mortgage nt the time
<br />of exc. udon or abet rccnrdation L•errn(.
<br />17. Traasfar of fihe T'ruperty; AswmptiFm. If ail or any part of the Property er an interest therein is sold or transfert`td
<br />by Bnrnrwtr without I.tndtr`s prior written consent, excluding (al the emotion of u lien ar tnsum6rarxe subordinate to
<br />this Mortgage, tbi the crtatinn of a purchase money usurity interest for household appliances. lei u transfer by devise,
<br />dasstnt or by uatcrativn of law upon the .ituth of a loin[ ttnam or (dl the grant of any leasehold interest of three years or less
<br />not c+?ntainiag art option to purchase, Lender may, at Lender's option, declare ail the sums created by this Mortgage n+ be
<br />iomredm[tty due and payable. Lender shalt hove wnrvrtl such option m ucccltratt if. privy to the sale or transfer, Lender
<br />and the person to whom the Pn?pa'ty is w ht sold nr transfentd reach agrcrntem in writing that the crtdit of such person
<br />is satisfacrorp to I.rndrr and the[ the interest payable nn the s++ms secured by this P1ongage shah hz at such rate as [-entice
<br />sfiaii r::,lutst- If t ender hex waived rite option to a,:selerate provided iu thES paragraph 1', artd if Borrower's successor in
<br />intrust bas executed a written assumption agreement acccpttd in writing by i-entice. t-cvdrr shall release Borrower from all
<br />obligations under this Rtortgage mid the Nate.
<br />If Leredcr exetctv_•s such option to sctelcratt, I.cnFkr shy}i anal! Harrower nuum n( a%ctlrrtlian in acturdance with
<br />~~:ragraj'-e '. x,« €. :su.;. nnticli .colt ptaaive a 1?r.: it•,d <i ::.; less teas .tit eta -.- i .sF ter date yes seritis is matted whin++
<br />.ch+eh Boy - er may ltiiy the suniz dt.~iated dot. if' Barre wet [sits -? #ar sucfi _um. p*iar tc the txpiratton of sucfi l~+tricui,
<br />I.endcr may, without further notice nr demand en &?rrau-e[, !ovate any remedies ;~rnritttd ht'' paragraph f fl hereof.
<br />No*~t-IjPrtFa~M C'avFrnNrS. Borsuwer and !.ender further ca+cn;ant and egret as fnllnu's:
<br />l8. Arcetrrafion; Remedies. Except as provided in paragraph #7 herrvf, upan Barrawrr's breach of any enrenani ur
<br />agrtstasttt of Borrower in this bfurtgtrRe, imludiug the rv.suanis tv pay whoa due uuv suers secured by !his Riocigape,
<br />[.crater prior to accekrsiian shag marl notice W Ctvrcawer as provWed in paragraph i3 hereof specifying: ti) itre brracb;
<br />i2) tbs rertfon regtdred tv cure xuch breach; t3} a date, not lac than 38 dayx Ervin tbe date lire [roHce is mailed to Burrower,
<br />by which such breach mutt C+e cured; and fdy that faituar to curt such breath on or before the date specified in the notice
<br />neat' rssuh in accetctatlan. of the suers strumd by ihu Alortgagr, fvreclusare by judicial proceedltttt anJ salt of the Pnrprrty.
<br />'Phe: rtatlea slraN further iafarm $aarawrr at the right tv reit»tate after acccleratian and the right W assert in the furerlpeuce
<br />pttecerdi~#{ the noa~ezisteuce pf a drfa4dt or any other dtF'etesr of Borrower to acceleralivtt Fuut fureciasarr. If the br.=arh
<br />be opt cured net yr tx3vre ltte dente specified in the tmHce, Cxadrr at Lender's aptfvte map dreiare aB of the suuu secured by
<br />tails tCtarie la he lmmedfately due and payab#r without furriest dem;md anti [nay foreclvsr 6t' judicial prarerdixeg. t.cndre
<br />shalt be rufitCad to co#itct in such prvreedinx aB azpetrses of Careslusure, Snriuditttt, but not limited ta, toots of docuurentan
<br />ovidcu+:c+ai~trarts sari tiAr rep+rrtx,
<br />=3. "awFTs :igpaf Eo +Fteir~'6~t¢. I^niw:truiar~in'tt t.triiri-3 ai ~t7i.-rail;=.i tiizms .sr.:nrGu by lt:is °'t.xtlg::hi.
<br />6orfawcr shat' have the rir~'itt to have anY Prc+stedin5ss begun ht'' i evdnt to eniorte tnE~i~Morty.agc discontinued a: any nine
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