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<br />SOLender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to Lhis paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mcrtgage. Unless Borrower and Lender agree tc other terms of payment, Buell
<br />amounts shalt be payable spun notice fmm Lender to Borrower requestine payment thereof. and shall bear interest from the
<br />date of disbursement at rite rate payable from time 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 such amounts shag bear interest aE the highest rate
<br />permissible under applicable law'. Noshing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />g. Insperfion. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's-
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential in conneeeiott with any
<br />condemnation ur other taking of the Froperty. or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lender.
<br />to the event of a total taking of the Property, the proceeds shat! be applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shat! he applied ro 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 Fropem• immediatcic actor to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower. or it, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fait<_ to respond to Lender within 30 days -after the date such notice is
<br />mailed, Lender is authorizzd to collect and anph• the proceeds, at Loader's option, either to restoration or repair of the
<br />Property ur to the sums secured by this Morteage.
<br />Unless Lender and Borrower otherss'ise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the due date of the montfily installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Reteased. F_ztension 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 shall not operate to release, in any manner,
<br />the liability of the originat Borrower and Borrower`s successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's sticerssors in-interest.
<br />11. Forbearance by trader Nnt a Waiver. .Ana forbcarnnce by Lem'ler in exercising any right or remedy hereunder, or
<br />othersvtse afforded by applicable law. =hall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance ur the payment of taxes or other liens or charges by f_tnder shaft not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness cecurcd h}^ this Mortgage.
<br />12. Remedies Cumaiative. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Morteage nr afforded h}^ iau~ or cyuity. and ma)' he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several t.iab0iry; Captions. The covenants and agreements herein
<br />contained shall hind. and the rights hereunder shall more to, the rcxpective successes sod auigns of Lender and Borrower.
<br />subicct ro the provisions of paragraph 17 hereof. AH covenants and agreements of Borrower shall Fx join[ and several.
<br />The captions and headings of the ~ araeranhs of this Mortgage see for convenience only and ore riot ro he used to
<br />interrrst nr define the provisions h~reof-
<br />14. Notice. Except for any nonce reyuired tinder applicable taw nt be given in another meaner, /al any notice to
<br />Burrower provided far in this Mortgage di:dl tie given by matting sua:h noose by certified mail addressed to Borrower at
<br />'hc Pr^,.cn; .. -' - ^•-1: -. er ~ ddre- BaTr.:u•er r.,a..,°° ... - ~cticz '. ,.ender -- provided herein, and
<br />!ht an} nnhec toVi.cnelerhail iv.: • i r. h_v cenihs'~ m;:d_ etrr? e~c rt - yr-sled. +o t~endcr's address stated h=rein or to
<br />suet: orh_r addras. s i.,, , :na; - i ,late - lice t.. ;orr..war - i r ceded hrrern. :n} notice pnw•ded far in tots
<br />Mortgage shall he deemed to have Laren geven to Hormwrr or I ender when _kiven in the manner drsianated herein.
<br />T3. [tniform I}:,iy,~e; L:i)ie7niri~ l.arr: Srvrrabilify. tai i\ i3fm C.f nl(1rlgage CnmbinCY Ilmf Men CnVrnariYe for natlOnnl
<br />iY~e :toil ii- r _ iiSr Fl -'vCnanii ~~i$YI iii(TIfCiI iaridncln~ !?\' I:IT t`.ti~tL limn Ill t'OnSTlintC' a Unti rl(1r1 SCl'nrity InYlrnmrnl a'UVrnng
<br />real properte~T~T'his Siurtgagc shall he governed l+y the F.iw ,rl the :urisd+chon in which the Propc-rty is located. In the
<br />event that any provision or clause of this ~9ongage or the Note eontlicts t~ith applicable Insr•. such conflict shall not affect
<br />other provisians of this Mortgage or the Nnte whmh cmi 6e given eHcct without the mnflic-ling provision, and to this
<br />end the provisions of the siortgage and [he `ate arc declared dr i.e severable.
<br />lb. Borrowers Copy. Borrower shall he furnished ^ amfor-.ited cope of the Note amt nt this Mortgage at the dine
<br />of execution or after recordation hereof.
<br />17. Transfer of the IRuptriy; Ass nmplion. if aH or any part of the Property or an interest therein is sold or transferred
<br />by Barrewer without Lender's poor written consent, cscluding Gu the crcution of alien or encumbrance vubordinate to
<br />this Mnrtgagr, fh1 the creation of a purchase money security interest htr household appliances, (c) a transfer by devise,
<br />descent ur by ol+eratiun of law upon the death of a jouu tenant or tdi the grant of any leasehold intcrrst of three years yr less
<br />not containing an option u, purchase, i.endu may, tit t_cnder~s upuun, declare ail the sums secured by this Biorittage to he
<br />immediately duo and payable. Lender shall have waived such upuun io accelerate rf, prior la the .ale or transfer. Lender
<br />and the person to whom the Property is to be sold or u•ans(errcd reach ^greement m waling that the credit of such pesen
<br />is satisfactory to Lender and that the interest payable on @tr some secured h} this Mortgage shall he all such rate as Lender
<br />shall request. if Lender has waived the option to accelerate provided m this paragraph 17, and iF Borrower's surreasnr in
<br />interest hats executed a written assumption agreement accepted in writing b}• Lender. Lender shall relearn Borrower frnm all
<br />obligations under this llartgage and the Note.
<br />if Lender exercises such option to accricratt, Lender shall mail Bon~oa^er notice of acceleration in accoralancr with
<br />paragraph 14 hereof. Stich noose shall provide a period of nut less than ?Q days frtlm the date the nutter is mailed within
<br />svhieh BorraTwcr luny pa}~ the .sums des hued due. ir` Borrower Fntis m pay such uuas poor to the expiration of such proud,
<br />Lcvdur may, without further nonce ar demand oa Borrower, invoke nay remedies pernutie=l by pant;'rnnh I$ hereof,
<br />Nort-Unts~oast Covertnrtrs. Borrower :md Cender further coven;utt and agree as follows:
<br />kg. Aeceteeation; itemrdies. Except as provided in paragraph 17 hereof, upon Borrower's breach of mry covenant nr
<br />agreement of Borrower en this Mortgage, indadirtg the c•uvenants to pay when due any stuns secured by this \longagr,
<br />I.endrr prior to acceeration strait wail rwliee to Ilorruwrr as provided in paragraph 14 hereof specifying: (1) the ttrrach;
<br />(2) the action required to care such breach; (3) a date, not IeYS dmtr 3n days frotn the elate the notice is urailyd to Borrower,
<br />by which each breach must be cured; and (J) that failure !n cure such bretrch on or before the date specified in the notice
<br />rtray txsuit in acerkrn6on of the sums secured by this Mortgage, foreclosure by judicial proerrding and laic of the Nroprrty.
<br />'The notice stfaB further inform 3orrower of the right ro reinstate after acceleration and tits right to assert in the farrclosurc
<br />proceeding for lino-existrace of a default or any other drfense of Borrower to acreieralion emd forrciusure. !f [hr breach
<br />is not eared mi or bzfore the date eperiBed in the natter, l.eoder al I.rttdrr's optimr may decWre all of fire Burns secured by
<br />tltfrr hlortgagr to he immrdlairly due and peyahte witiroat further detained and may foreclose by judicial proceeditrg. [.ender
<br />sl:aii w r;tlitnd to colTr3t ^• sari; p:.;cer,:it.~ ail expets:,~ of Ec:eciesrra. ineludtng, but rot Bmiied ia, cosYS of daeumrntary
<br />19.~Bormwer's~Ririht•to Reinslete. Notwithstanding i.cndcr's uccalerauon of the sums secured by this \tortLtakr,
<br />Horrow•er shall have the right to have any proceedings begun fiy I ender to can force this .'slorigagr discontinued at any time
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