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<br />Lender's written agreement or applicabfe faw. 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 this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured 6y this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest fmm the
<br />date of disbursement at the rate payable from time to time nn outstanding principal under the Note unless payment of-
<br />interest at such rate would be contrary to-applicabfe law, in which event such amounts shall Near interest at the highest rate-
<br />permissiNle under applicable law. Nothing contained in this paragraph 7 shalt require Lender.to.iricur any expense or take
<br />any action hereunder.
<br />8. Jttspec!len. under may make or cause to be made reasonable entries upon and inspections of the.Property, provided'
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable carne 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, iti_conneetion 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 shall he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shell be applied to the-sums secured by thisMortgage,
<br />with the excess. if any. paid to Borrower. in the event of a partial taking of the Property, unless Borrower end Lender
<br />otherwise agree in writing. there shall be applied to the sums secured by this Mortgage, such pmpor[ionofthe proceeds-
<br />aS is CgUal to that proportion which the amount of the sums secured by this Mortgage immediatety~prior ro-the. date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the Valance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. nr if. after notice Ny Lender to Aorrower that the condemnor offers to make
<br />an award or settle a claim for damages, Aorrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to rnilect and apply the-proceeds, at Lender's option, either to rcstoretion or repair of the
<br />iroperty or to the sums secured by this Mortgage. _ _
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal 6ha[l no[ extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2.hercof or changeLthe.amount of
<br />such installments. '.
<br />t0. Borrower Nnt Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Muttgage granted by Lender to any successor in interest of Aorrower shalt not operate to release, in any manner,
<br />the Iiabilit} of the original Aorrower and 8nrrower's successors in interest. Lender shall not be required [n commence
<br />pmccedings against such successor or refuse in extend time for payment nr otherwise modify amortization of the sums
<br />secured hV this Mortgage h}' reason of any demand made Ny the original Aorrower and Borrower's successors in interest.
<br />11. Forbearnnce by [.ender Nnt a Wdver. Any forbearance h}• I_en~der in exercising any right nr remedy hereunder, or
<br />otherwise afforded by applicabfe faw•, shall net ht a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insuramce or the payment of taxes or other liens nr charges by Lender shall not be a waiver of i.ender s
<br />right to accelerate the maturit}• of the intebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. .411 remedies provided in this .'s9ortgage are distinct and cumulative to any other right or
<br />r°medy render this Mortgage or affordeJ Ny taw nr cyuint :end may t+e exercised concurrently. independently or arccessivtl}'.
<br />19. Sacressors and Assigns Bound; Joint and Several Liabt6fy; Captions. The covonants and agreements herein
<br />contained shall hind. ;end the rights hereunder shall inure to, the respective successors and assigns of Lendtr and Aorrower,
<br />subject to the provisions of paragraph 17 heroof. .411 covenants and ogreements of Borrower shall Ne taint and several.
<br />The captions and headings of the paragraphs of this Mnngage are for convenience only and arc net to be usod to
<br />interpret or dt5nr the prm•isiuas hereof.
<br />14. Notice. F_xccpt for any nuticc required under applicable law m Ne given in another manner, ta) ::ny notice to
<br />Aorrower pmvidrd For in this Mortgage shall he given by mailing vrh notice by .emitted mail addressed to Borrower at
<br />the Prnpem,~ :lcidrss or at such other address as Aorrrwer m:ry ti-esignatt by notice to i.endsr as p~nvided herein, anct
<br />(b) any nou~c rn Lcnd ~ shall !x• ;i+-rn 1,}' ~crufr_d ~nai!. rrt+trn recr!pt requested, to Lender's adS~e~.s_,_~ated herein :zr to
<br />such other adder::._y (,,,:,,~, ~, a', ns,igtute he r,a.trcc i,~ Ba,rrPtae+ as prcvidCd herein. Anyx ncxiicr p~td for in this
<br />Mortgage si+ail be derm~d to tune been glean to Aar rower ur I coder ,ehen clean in the-mannr~_der>~gtt@ted herein.
<br />ii. 1ni(orm hrortRaRr; f;averning Iaw°; SevrraNi[ity. T`hre (arm ;sf mortgage cOmbitle7 trni€tiim covenants for narionaP
<br />-us ;tad nc%a-:tntre.rm i-i~nanes w-reh ;imirea ` rianoas ht• jt rn.itetinn in consi if u7a. a unjfoni, sccnrity invtrumsnr covering
<br />real property. phis Alnmgage shalt he ,nrvcrncd !,v the law of fhb iurisdictinn in which the Property is lueattd, in tfie
<br />event thaw .my prm•ision or rlausc of this Mortgage or the Nate conflict. with applicable lazy, such amtlict shalt nut atfert
<br />other prowsinnv of this Mortgage cr the Nn0.' which dan he gn'en eilect without the cnnlliaing prm'i;ion. and 0.t this
<br />end the provisinnr ut the Mortgage and the emote .ve decturd to Ix ,eearaNle.
<br />76. Borrower's Copr. Borrow-er ;hall he turns+hed .i ;<w+inrmed copy nt the Note and .,f this Mortgage at the time
<br />of execution or after recordation hercc,f.
<br />17, Transfer of the Property; Assumption. If all nr an} o, n of thi• Property or :m interest therein is sold or transferred
<br />by Aorrower without Lender's poor wntten rnnu•m~ excluding +:n [he cre:uinn of alien or encumbrance erhu r.finate ro
<br />this Mortgage, Ih) the creation of a purrhaxe money ,ecurity ~n iC l'rsi Inc houx47uld appli;utccs. Ic) :r transfer by devise,
<br />dtsrrnt ur h}' cpcration of lax. upon the death ~d .r saint tenant ur
<br />Lander m:+~, .+t Lcnde['~ option, declare all the sums xeund M this Mortragr Ic he
<br />unmedurtelp duc• ,end payat,le- Lender ,hall have umved +uch opuan In nccclerntt if, prior u', Ihu .ak ur transfer, Lender
<br />and the person n, whom the 1'ropertp i, to be sold ~.+r trrmJerrrd tench agrermm~f is welting Ihat tl[e credit of such prroan
<br />ix s:uisfactnrv io Cruder ,end chat ihr intrrest ),ayahle en the owns sccurad !sy Ibis Mortgage shall he .n cnch rats as Lender
<br />shall request- li` I_cncLtr has waived the upuan to ececicrale provided m phis purapral?h 17, ;ux! i[ tlnrrower'x sucCe55ur in
<br />interest has rstcuttd a ,erinrn asxumption agreement arcrpted in writing Ny I ender. tender ,hall ielcase Aareower tram :ell
<br />obligations under this Mortgage ;end the Nnte.
<br />If l.enclet esercisec sneN npnun to uccelurute, !.ender shall mail Aorrower notice of na'e.leanion in uccurdanee with
<br />paragraph Id hereof. Such sauce sh5ii prrrvtdr :r penod cf` act Irgs than t~ Jaes )ram the date the notice is ntaited within
<br />wiueh Aorrower may pt+y the sum. dtclaied due. tf llornnrer tads ?o pan' uk;h utma poor ie the rxpirallou of ,u¢N Penotl.
<br />Lender may. x'ithaut fnrthcr nntix ur .remand on Aorrower: mvn6c ana ecntcdics prruutm_d hy- paragraph I8 h=_'rccf-
<br />Nov-U rtiraant CnvF NntJ rs. Bmrowtt' .end Lender further covenant and agree as h,llows:
<br />lg. Arrrlerulltm: Ptmrdks. 4.xcep! as provided ht paragraph 17 Ncrrof, upon Borrower's [trrach ul arty covenant or
<br />tgirrement of Borrower in this AionKUpt. incitutitt); the eu1'rnaats to pa}' when der any wens securrat by this Mortgage,
<br />i.tnder prior to aviceknNHta shaA tuaB twlier to Btxrowvr a` provided in paragraph ld hereof xperifying: tt) tNr breach:
<br />(2) iht artiou required to runs sash Nrraclt: fJ) a Batt, not Its than d(1 days fnntt the lute the E10Arr Iti ruailed r0 Borrower,
<br />by which such breach roust be cured; and (A) that Fslture to curt such bxearh on or before tNt daft sprcffitd iu fhr nuticc
<br />may result iu arceitration of the sates secured by this Nurlgagr, forrrlosurs by jadiriai prvcrrding and sole of the t'ruptdp.
<br />'i'hr notice short Eurthtr inform Barrawrr of the right to rtittsfate after urrelerutiou and the rittht to assert in the for--eclosurr
<br />prottsdittg fhr. lino-rxiatertrt ofi a dtfauR nr un)~ other dsfrrue of Borrower. to acrrltratiun and turrrlosure. If the Nreuch
<br />Is not cured on or 6siorr the date specified In the nutter, Cruder tit Lender's aptian mar dtrlarc alt of fhr .ems secured by
<br />inks 4lortgtigt to Irt Immtdiattly due and payable witbwrt further dtntand and !nay forechnt N,y judicial pnutrdin>,. Lender
<br />shsl! fF r;titxt ro tell€rt la srxN proettdittg all axptnses uF fartrircurr, includiud, Nut not ilruiftd to, cosh of dorumeatary
<br />tY#dtnt'Y, almt>~.^fs and title rtporis.
<br />19. Borrower's Right to Reinstate. Nona~ithstandrng C_ensltr's accrieration of fhr sums secured by this Momgat!.r.
<br />Aorrower shall have the right to have any pmccedings begun by Lander to enforce this hie ngags dicuntiuucd .u any unx
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