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<br />Lcndcr's written agreement or applicable law. Borrowe: sftaA pay the amount of alt mortgage insurance preen"sums in the
<br />manner prev~3ed under paragraph 2 hereof.
<br />Any amounts disbursed by hender oursaant to this paragraph 7. with interest ;hereon. Shalt become additional
<br />indebtedness of Borrower secured by thss ?vlortgage. Unless Borrower and Lend:.r agree to other terms of payment, such
<br />amounts shat) be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payabic from time to time or. outstanding principal under the Note unless payment of
<br />interest at such rate :would be contrary to applicable taw, in which event sack amounts shalt }tear interest m the 69ghest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shaii require Lender to incur any expense or cake
<br />any action hereunder.
<br />8. Inspection Lender 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 rcasonabie cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or clairn for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, ctr for rnnvevance fn lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lender.
<br />In the event of a total taking oC the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower- Li the event of a partial taking of the Froperty. unless Borrower and Lender
<br />otherwise agree in writinG. there shall be applied to the sums secured by ;his 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 Properq` immediately prior to the date of taking, with the balance of the proceeds
<br />paid ro Borrower.
<br />If the Property is abandoned by Borrower. or iF. after notice by Tender to Borrower that the condemnor users to make
<br />;m award or settle a claim for damages, Borrower fails to respond to Lender within 30 days alter the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Pro perry or to the sums secured by this 6fortgage.
<br />Unless 1_ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly instailmems referred to in paragraphs I and ?hereof or change. the amotmt of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time fur payment nr modification of amortization of the sums secured
<br />by this hfongagr granted by i_endcr in env successor in interest of Bnrrcaw^cr shalt not operate to rctcasc, in any manner,
<br />the Eiahility of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to extend time for pat'mant nr otherwise modify amortization of the sums
<br />sparred by this Mortgage by reason of any dematftl made by the coriginal F3nrrowor and Borrower's successors in interest.
<br />1 f. Forbearance by Lrnder Not a ~daiver. ,Any (onc~artncc by Lender in c.~crcising any right er remedy heretmder, or
<br />otherwise afforded by applicable law, shat! not he a waiver oC o. preclude the exercise n( any such right or remedy.
<br />The procurement n( insurance or the payment of taxes ar other liens or rharees by i_cnder ahal! not he a waiver of Lender's
<br />right tq accelerate the maturity n( the indebtednca cceur;l by chic Mortgage.
<br />1?. Remedies Cnmufative. All remedies provided in this Mortgage arc distinct and cumulative to any other right nr
<br />rcmedp under this Mnrtgagc or atiarded be law or equitv.:md may he enercised cnncurrentiv, independently or surmssivcl}'.
<br />i3. Successors and Assigns Bound; .Toinl and Sevrml i.iability; Captions. The co`:enants and agreements herein
<br />contained shaii bind, and the rights hereunder shall inure to. the respactivc successors and assigns of Lcndcr and Borrower.
<br />subject to the provisions of paragraph I? hereof. All covenants and agreements eC Borrower shat! be joint and several
<br />Th°_ captions and headings of the paragraphs of this Mortgage arc tar convenience only ;rod arc not to ix; used ro
<br />in:crprct nr defies the provisions 6crenf.
<br />14. '.ti'otiee. F,xcept for an)' notice required under appiiarh[e Irni m be given in another manner. h0 any notice to
<br />Horruwcr prwidcd for in this Mortgacc shall he Given by mailing such notice by certified mail addressed [o Borroucr at
<br />the Property Address rr at such i~ihe: address as Rarroa~cr m:rv designate F+v notice io icrricr as provided herein. .-nci
<br />fbi am• nobs ro Lender shall he given L*)• srti(ied mail return rceekpt rcqueste•!.:c Lrnder'. addr es; stated herein u: tc
<br />such ot?tcr address as Louder nta} dc-zignate by ooGec Ix, Borrower as provided itcn•-, .~,~~ •~.r^~= _a chic
<br />bRvtzagc shall he deemed to hao~c heen gnat m Brn~rrnvcr or Lcntler Mace coon in tl~aa!.~ty~yttyy+it311~tin '
<br />i5. I[,irtiform hlortgagc; Garrrning Law; Sct-rrability. This (arm of ntnngapc ,: n_ bin~it, for ,ennui
<br />use and n+sn-unit orm revenant; with limited v:u'iatinns h_v iuriairctinn ut rnnauutc a~ir~frr~s~It~ti~,~preiing
<br />real proper, v. This Mortgage shall be governed h)' the law n( the jurisdiction to •.chich ~fTic ~Propcrty rv to,nicd.~ Tn the
<br />event that any provision or clause of this Mnrtgagc or the Note cnnfiict, with applizahie ;:rev. such conllicl shall not affect
<br />other provisions of this Mortcagc nr the Note which can he riven edec; ,n;hr.m 8,e con0ic-ring provision. anti to this
<br />end the provisions of the Mortgage and the Nate arc declared u: rte cevcrahlc.
<br />16. Borrower's Copy. Borrower shall he funushrd a .on(ormrd cnpv of the Nate nn,i of thrc Murtg::ce at tL+e time
<br />of execution ur after recordation hereof.
<br />17. Transfer of Ihr Property; Assumption. ll ail or env part of ;hc Prapern' or :m mteresl !herein is sold c,r transferrett
<br />by 8orrowur withou( Lender's prior written consent, rxciuding h+i the rrcati+m ni a lire, o cnarmhnnrc n!hordm:ur to
<br />this Moggagc, (hl the crcauon of a purchsc mnnc•: cceuri!c intc•rxct fur household apphan.-cc. rat :: trmta to h: dccise.
<br />descent or h}• operation of tau upon the death of a joint trnam ot. - __
<br />Lcndcr mat, at lender's option, dctiarr till the umtc ,rcursd h`: It:is ~totteuec u. be
<br />immediately due and payahie. Lcndcr shall h:ne waisrd arch option n, accelerate rf. prior t:~ ;he .ale o vansfrr. I coder
<br />and the person to whom the Property is to br sold nr lean>fcrrcd tooth agrecntrm rn a none that ihr credo al' ,u,'h person
<br />is satisfacmrY to i_endcr :end tku the interest pa)ahic on the sums scf need he this Mortgage ~h:r8 be at su: is rrtc .n 1 ender
<br />sh;dl request. If Linder has waived the opuon to acsicra,c provrdcd in thh pa rage ph 1?. and :f B.+rrower~, ureeessnr n
<br />interest has executed a wnttcn asst:mption :tgreenter,t :,rcepted in netting h}' Lcndcr, I cmier shall retrace. Burrower Lon, alt
<br />obligations under this Mortgage and the Notc.
<br />I( !,ender Cxereiux such epuon to accelerate. Cruder .hall mail Ra: rower nnttec of accelcradan m errnnl:utre •.c r,h
<br />paragraph 14 he reef. Such n„ticr <hah provrde a pcrwd of not Tess than io dec. loon the date the natter is nr,,ikd ',euh;n
<br />whip°h B.-,..-s--rr a;ay i]ai' dte ,oats dc'clated d,rc i( Bnrmucr tails ro pat such ,arms error to the expir.:!rnn „ ,urh p .:.red.
<br />i.cnder m:sy, wrlhont further novice ar dcmm~d on 8orro++cr, utvoke :mj remedies pennrttecl by paragraph I B hereof.
<br />Most-13Ntrottsc Ctrvtivaurs 13Mrowcr and Lcndcr lunhcr covcn.un :uui act'tt• ;u tollnn•x:
<br />I8. Accrleratimr Remedies. Except a_s provided in paragrnph 17 hereof, upon Borrower's breach of any corenani or
<br />agreement of Borrower in this htnrigagc, inrhrding the nn~rnnn[s to pat when due nn) sums secured by this \lurlgagr,
<br />Lender prior to acceleration shall mail nutter to Burrower as pnwidetl in paragrnph I4 hereof specifving: 111 the 4rcach;
<br />iZ) the action required to cure such breach; (3) a date, mtt less than 30 dais from the date the notice Is mailed to llorrowrr,
<br />b,Y which such breach mast 6r cured; and (31 that failure to cure such irreach on or before the date spet•itied in the notice
<br />ma}• result in acceleretion of the sums secured by this Mortgage, fortetosnre by judicial pnnreding end sale of the Property.
<br />'Cbe notiae shaii further inform Burrower n[ the right la reinstate after atxcirratinn sod the right to assert in thc• foreclosure
<br />proceeding the non-exislenee uF n default or any other Aefrnse of Borrower fo accrirration and (orectosure. IF the breach
<br />is not cured an or bcGtre Ott date specified in the notice, Lender ai Courier's option nta} declare ail u( the sums secured by
<br />this Mortgage to hr immediately due and parable without firrther drmund :rod may foreclose by judicial proceeding. Lrnder
<br />strati be cntillcd tee collect in such proerrding all rxpcrtsc+ of foreclosure, indudirg, hvl not limited to, costs of documcntnn
<br />eridencc, abstracts ontt title reports.
<br />19. Borrower's Right to RCinslatr. Nolwithsuuxling Lrnder'> a aclerwan of the toms secured by This Mnrtgafc.
<br />Borrower shall have the right tp Mtve ;my proceedings Ixgun h}' i-ender m cularec !hn hinn gage dixonbnued .u am: umr
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