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<br />Lender's written agreement ar applicable law. Borrower shad pay the amount of all mortgage insurance premiums in-the
<br />manner provided under paragraph 2 herenf.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with intere<Y thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment~such-
<br />amotmts sha!! be payable upon notice from Lender t0 Borrower requesting payment thereof. and shall-bear interest from the
<br />date of disbursement at the rate payable from time to time on omstanding principal under the Note unless-payment of
<br />interest at Bach rate would be tmntrary to appticable law, in which event such amounts shall bear interest at the highest sate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expenseortttke
<br />any action hereunder.
<br />8. Inspeetioo. Lender may make or cause t0 be made reasonable enMes upon and inspection-s of t}se Property, provided
<br />that Lender shall give Bottower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest fn the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in conntxtion with any
<br />condemnation nr other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are herebyassignrd
<br />and shall be paid to isnder.
<br />In the event of a rota! taking of the Property, the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess, iC any. paid to Borrower. in the event of a partial taking-of the Property, unless Borrower and Lender
<br />otherwise a¢rce io writing, them shall be applied to the sums secured by this Mortgage such proportion of the pmceeds
<br />as is equal to that pmpertion 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 nMice by Lender to Borrower that the condemnor offers to mrdte
<br />an award er settle a claim for damages. Borrower failsto respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to mileat and apply the proceeds, at Lender's option. either to restoration or repair of the
<br />Property ^ ^ th_ =._ms s ..red by +ltis Mortgage.
<br />finless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or pnsipttne the due date of the monthly installments refered to in paragraphs I and 2 hereof or change the amount of
<br />ouch installments.
<br />Ill. Borrower lot Released. Extension of the time for payrncnt or modification of amortization of the sums secured
<br />by this Mortgage granted Uy Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the Iiabiliq• of the original Horrou•er and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse m extend time for payment or otherwise modify amortization of the sums
<br />secured Uy this Mortgage hp reason of any demand made by the original Rnrrrnver and Borrowers successors in interest.
<br />17. Forbearance by Ixnder Not a Waiver. .4ny forbearance by i.cnder in cxercisinG am right or remedy hereunder, or
<br />othesu'ise afforded by applicable law, shall not he a waiver of or preclude the exercise of anp such right or remedy.
<br />The procurement of insurance or [he payment of lases or other liens or charges he Lender shall not he a a+~aiver of Lenders
<br />right to accelerate the maturity of the indebtedness scatted by this Mortgage.
<br />i?. Remedies Cumulative. All remedies pn,vided in this Mortgage arc distinct and almulat iec in any other right or
<br />remedy ender this Mnrtgagt or afforded by Ian or rywn~. ,owl m:rv he exercised concurrently. independenih• or successive)t•.
<br />13. Successors and Assigns Bound; Joint and Several Liability; Captiorts~r- onsets and agreements herein
<br />contnmed shall hind. and the rights hereunder shall inure a+. the respecu ve s ssors and. as s of Lender and Aorrosaer.
<br />subject to the provisions of paragraph 17 hereof. :}II covenants and :Igr eMS: oE-Borrower tall he joint and several.
<br />The captions and headings of the paraeraphs at this Mortgage arc f- sanvenience only anik are not to be used to
<br />interpret er define the previsions hcrcof. _ '~-,
<br />14. Notier. Except for anp Hence reyuired under applicable laxs =kp'be gjgeti~q-tittethei' maprcr. i~ any noon: to
<br />Borraw~er provided for In this ?«iortgagc shall he e+ven by marling wch:notige hy.esK'tifgd mtiil~~lressed na Borrower at
<br />:he Property Ac!dres ;- + h s ~. - R .. -::,,, .,~ Fr~l c\• . t -- i t.t tr s rcvn!,J herein sad
<br />(hl any notsec m Lender .hall he e- -u, h+ uruuul nvs.l. ~rnlr•, s<sc I e~cSsr~~teci m 1 crtdyr ~ .tc.~irass stated herc.m or to
<br />such :vii:er adairess as f ender tea:- des:znata h: n ::.: t.: :-roacl prt~~ldi*7 :.ereia. ,4p\F n^tss ~ .iced for :r, this
<br />Mortgage shall he deemed to hacc hcen gn~en to Borrower or I rndcr +a hen eityp `in .ihepialBtE~l dexicnateci herein.
<br />- i;rxiform a3urt£ogr; i;ovrrniui; l.awt Srs~rrabiiitt. i i;;. t-.,: In of rnortg;th~zo im:for;tt :uvenaats for naunmri
<br />as<° ansi ten-vat; axe; :eve„ants :. 4 'sieaue.i v u;+nx i.- ~u+:n to , txt,late a : s:iicx,n - - „u~ ;nstrumrnt -:.rind
<br />real property. -Thu Mortgage shall he govarnrd~hv the ~la~a ~+n(~t hr iumdicuon in which thc• Property r. lucatrd +-LI the
<br />event Ihat :+ny provision or clause of the Mongolic .,r ,he voq' contira-.:, ilh applies Me Ina, vxh cnnlLa shalt not affect
<br />other prov aloes of Ihls Adortgagc or the vole nhich ..:m be a am clicct •s dhow the ,.un0irling pro,isiou, and u+ this
<br />end Ihr provisions of the Mnrtgagr and the AuIr urn dccL rcd to hr su~erahle.
<br />16. Borrower's Copy. Borrower shall hr (urnnheJ e <onronnrd wpv of the vote ., n.I of the Alurtgegc at the lime
<br />of execution nr a&cr recordation hereof.
<br />17, Transfer of the Property: Assuatpliott. It all or am part ul Ihr Proper: of nn intercvl Iherem i~ ,a,lJ ar transferred
<br />by Borrower without Lender's noon +vriUCn .onxm, ew!udin i.l) the tenon ad .r hen , < Icunthran<u .uhorJ, n.+R- m
<br />this Mortgage, th) the cmaunn n(a poncho>o money unty urtrl esi mr househuhi applctn<e+. cl .: irunn;l h: drvtsc,
<br />dascrnt Or by opcrauon of tau upon the death of :+ i„msaicn,uu or --
<br />L.endcr may, .u 1 cndcrA option- Jerlare :dl the won .. cd M Ihu 4k,ngagc to he
<br />uamedi:tiel}' due :md payable. I ender sisdl hove ssa~ae+i .usil upliau i„ a..ciel.,lr ir. i,nal I„ li+r ..de , , ,s(cr ulJei
<br />anal the penun ro :vhum the Pruperlp is to hc• solJ or IiansirnrJ tae:h ., vnlrm i soling Ihal Ihr airJa ,~I ,u.h prnon
<br />is sati+laclon_ to l.eades .uu1 that Ihr Intel C.¢ putnhle on the „~ r ed lln thy. \ton bogy .~Inll hr .il ;.~, h ~.ur ., ~. 1 enJrl
<br />shall n-quest i(i enJcr has w-alveJ [ttt opua.n 1., ar-tint etc pl,,. ~Jva1 n Ihrs { ia{;laph I' .,ml v Ii,,, n,va r:. ,u~ ,,,,: „
<br />interest has rxeeuted a wnftrn nswmpuon agrcenunt acseplcal m „non, L: ¢ eo,ler I realer Jtall irk.nc Rol: m+rl !,om .JI
<br />nbiigatlons amdet this M1isn-tgage and the Notr.
<br />if I ender c+crcisra such opton ta, aacelcrdc, I enJcl .-wli mad Run o+. cr nutlet „I rlma^on in .,u un¢ansc with
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<br />ivuragr:rph !3 banal tiuch echo' shall pn,arde ., pun,,.I „ I no; ~.., Iha;, ul d.r:, li,~m the J.ae Ihr :t„nar i, ,ada•J au dun
<br />whieit Bnrr, 'r r .: p. La ants J :I +sl du<• II B„~,., a ,;b ", ,,..+: m, .,, • r ,h,• rsplrw , h Lenod
<br />1-ender may-. without further mu,ce a,r acmand -, lion „Kal +, na ., ~moai r.. { s.uc.i +,a I„I.,l:-.qm ,. n, ,,,I
<br />Nor:. Lsterr-allot Cnvcs~a+,t; Bnrr.wsr.,nJ CCUJa fnrnrl_.,,<:-:,,u, _,nai ..:aer .,~. loli,,aas
<br />!B. :~lccxleratfuts: k2ctucdir.. Iixcrp! a-s provided in paragrath !7 hrreui, upon Burris+rrr's hrrach u( out a +rrlauut ur
<br />agreement of Bnrru»rr in thh 4lurtgagr, inclwlitr~ list cna tenors to pet va hen due an+ was. ara turd hr thi r\lurtg:tgr,
<br />Lender pritrr ks accrlrration shall mail notice to Borrower as panidrd in parl};r+ph !3 herroi v1n•c l(t rtsR. I!1 the tsreaa h;
<br />(2) the atfiun reyuired to sure such Urcach: t3) a date. tsar Irss tisart 3U days [roue Ihr Bats the notion ss luailyd to Ironton es.
<br />Uy w'hich such breach tttust bs: cured: arsd tdi that lailtsrc Ets sure such ttrraah swi ur l,efau r• the sl,ua +; ca ihrd its the nut(ar
<br />may result in aecrltration of Ihr sums secured Uy tbis }lurigr>;r, foreclosure U} inrtieial prucecdinl; :ued s:ek• of the Propert}.
<br />'fhr Holier shall further inform Burro»cr at the right to reinstate abet acscleralims and the nAht p. as.er in she turn. Insure
<br />yutx ceding the nun-exhtrucr set a dr(auli rt an1 other defense of Burrower to ararlreatiuu and tu; raimurr. !( the hunch
<br />45 not cured un +sr brforc ¢Ise date slx-cifird in ttre antler. Lender nt Lendcr'+ option nta+ dcduu~ all of the . nn, . rd ht
<br />this Munga$e hs tle Oumedialply dun and payable »iihuut €urlher demount and m:n lurerhs+' M I+sdlaal pons crafings tsls ender
<br />shall hr cutiiied to collect is such prucrcding all evtx asst ut tumch+surc, inrludin[:, but out liasitrd t,,, ~ o.a. of dacunu•niaq
<br />rv ~rnce, xb3trazts slut tltlr reports
<br />lu, B..rr~a»rs's Right ne3.~s._. v'o, sahs!.nd, M I . ~ a ,_ .: - -.,, . v!. I -
<br />liorrower shall hacc Ibc ri>iht~ro have dry In, .rcdu,g- hcg, I , rdc I .. - ,,. : , ~Vi„u, -, ..~~,. ~, ..,
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