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<br />Lender's written agreement or applicable law. Aorrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hezeof.
<br />•4ny amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indeb!edness of Borrower secured 6}=this htorteage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender io Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would 6e contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hcreunder_ -
<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 reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Condemnation. The proceeds of any award or claim for damaecs. direct or consequential, in connection with any
<br />condemnation or ether taking of the Property. or part thereof, or for conveyance in lieu of condemnation; are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall he 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 shall be applied to the sums secured by this Mortgage such proportion of fire proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior m the date of
<br />taking bears to the fair market ~•alue 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 to col!eet and apply the proceeds, at lender's option, either to restoraiior. or repair cf the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such applicadnn of proceeds to principal shall not extend ' ~.
<br />or postpone the due date of the monthh• installments referred to in (taragrapfjs I and 2 hereof or change [hc amount of '~'..
<br />st.mh installments. ~ ~.
<br />70. Borrower Not Released. Extension of the time for ,naymen[ or ntndificatiott 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 original Aorrnyver and Rorrnwer's successors in ih !crest. Lender shall oat be required td commerec
<br />proceedings against such successor or refuse to extend time for payment nr otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of an}• demand made by the original Aorrower and Aorrower's successors in interest.
<br />I I. ': orbearance by Lender Not a Waiver. Any forbearance h. 1 nder in exercising arty right nr remed}• hereunder, or
<br />otherwise afforded 6v applicable law, shall not be a waiver n( or preclude the exercise of any such right or remed}'.
<br />The procurement of insurance or the payment of [aces or other Gen, t+r charges by Lender shall net be a waiver of Lender's
<br />right to accelerate the maturity of the indehlcdncss secured M' this blurtg:ntc.
<br />12. Remedies Cumulative. All remedies provided in chi: Mnrtg,tgr arc ~liuinct ;tad ::unudative to any other right cr
<br />remedy under this Morteage or afforded hp law nr equity. and mar be cterd.cd concurnntl}'. indepe.^.denth: nr successively.
<br />73. Successors and Assigns Bound; Joint and Several Liability; ('aptinns. "Phe covenants and agreements herein
<br />contained shall bind, :rod the rights hereunder shall inure tn, the rcape~tivt sucresurs anal :t,siens of Lender and Borrower,
<br />subject to the previsions of pavagraph 17 hereof ,411 covenants and ;agreements of Borrower shall be joint and several.
<br />Tits: captions and headings of fire paragraphs of this Mortgage art f.+r ,onecntrnce nnic and arc not to be used to
<br />interpret ar define the provision, hereof.
<br />IJ. Notltt•. Except for any notice reyuind under applicable lax to he given ht another manner, tat any notice to
<br />Harrower pn,rided for in this Mortgage shall he riven by mailing su,~it nnt:ec he cc,•titied mad addressi; tat Borrower at
<br />the Prepe7:y Address or at such other address as Borrower max' dcsa•mare hp nrni~e in i ender ns nroyided herein, ;rod
<br />ihi any notice to Lemicr shall he given by certified math return nee: pt :cyuested. ;n 1 en,icr's address stated herein ar to
<br />such oihcr address as I ender m.=, :' designate by notice to 3orro:ver as r~ ,. hcrcvt. Arty ;tulles nrrvidzd f: r i_n chi;
<br />Mortgage shall be deemed [o have been given to Borrower er I coder when given in the manner icsienaced herein.
<br />75. lniform Mortgage; Governing Lmv; Severahility. Thts form of mnr.gage atmhines unifr.rnt cacrn:+nts for national
<br />use anal non-uniform covenants with limited variations h}' jurisdiction to conctinue a uniform <ecuritr instrument an~erine
<br />real property. This hf ortgage shat' be governed by the Lau nl the lurisdicrinn in which the Pmlte: n' is located. In the
<br />event th:d any provision or clause n( this Mortgage or the Vnte cnnfli.n t. iih applicable lain. surit rnnRtai shall not affect
<br />other provisions of this Mortgage ur dte Nnte which can he eia~en ciTeci uiQtnut the conlliaimc pntvisinn- and to this
<br />end the precisions of the Mortgage and the Nrne arc clcelared in he seyerahle.
<br />16. Borrower's Copy. Borrow~cr shall be furnished a con6trmed ropy of the Nnic ansl of this blorteagc at the tim~•
<br />of execution ar after recordation hereof.
<br />77. Transfer of the Prapem; Asswnption. tf all or anp part uF the Pmpenv or an interest therein is ,,,Id nr tranderred
<br />by Bornwcr without I_endcr's prior written concenL cxcindine Ott ihi: creation of alien or cneumbran.c subordinate to
<br />this Mortgage, th) the creation of a purchase !none}- acuriry merest inr houuhnld :gtpli.tnces, let a transfer L•v derise~
<br />descent or h}• nperu ion of I:nv upon the death of a join! tenant nr
<br />. Lender relay, ul Lender'a option. dcclurc all ihr soots serun•d hr this Rl art c:rgc to be
<br />inuncdi:relay due and payable. !.ender sh:Jl base uaivcd sorb option n, ar. tlcroa• it. prior to der ,:dc rn tr;utsfr.. !.rude:
<br />:tad Rn' person to wham the Ampony is to be call or n'arsiu red reach ugrenu•ai in t ad~ng ;hat the ,.edit .,1 ,.., t person
<br />is satisfactory m 1_ender ;utd that the interest payable on the soot. .coved hp chic Mortgage ,hall In a[•v n-h ra to ~a, Lender
<br />sltnll request. If Lender has waiyeJ the np;ion toe cclerare provided en ihi+ paragrr ph 17, ;rod d Bnn'owci': vr. cesau in
<br />interest has executed a u'ntten assumption agreement accepted in uriung by Lender. Lender ,hall rcit,rt Rai ro•a cr ;tom all
<br />ebligntions wxier this b4ortgagc and the Vote.
<br />1( Lender eserises such option to aa. eleruu'. LenJar .hall mail ^orrowrr nou:e n. ar. elcratinn ,~,r -t~,nrd ~,mcc ~sith
<br />paragraph lA hereof. Such notice sftall prmidr a proud of n~+i Ics, ih.in 70 Jas. iinnt the cede the man: r. nr.ulyd wvhu:
<br />uhtch Borrower ^tay par the sums declared due ll Burn+sser f,;,k ~,t pat cuah ,um, poor r,• tha .•xt,irat ~,.n ,d ,nch per ,oat.
<br />Lender may. wiihnut further nonce ur demand on Aurrttu cr, mynA,~ :rot icutedicc pant>tta•d ht paragraph la her n,f.
<br />Nov-Use rroast Covrvnn is. Borrrnvcr and I coder lunhrt .-t ut.un .rod .tgrrr a, Iolhnv,~
<br />18. Acceleration: Remedies. Except as provided in past; rgth 17 hereof, upon $ornnvr's breach of anp cnycnant ur
<br />agreement of Borrower in this Mortgage, including the rut enoulc to pap uheu due run wet. secured by this Vortgage,
<br />Lender prior to acceleration shall omit notice w Borrower an pro, irled in partgr:qth IJ hereof .peci(y ing: (11 the breach;
<br />(2) the vclion required to cure such breach; 13) a date, nnl tees than 311 davv from the d:uc the notice is maileJ to 6orntwcr.
<br />by which such breach must be cured; and t47 that failure to cure such breach nn or before the dale epeeilieJ in the notice
<br />may result in acceleration of the snow secured by chi+,,\lnrigage, fnn•rlosure b} judicial pnx•ecding and sole n( the Propcrit.
<br />l~he notice shalt further inform Borrower of the right Ut reinstate after acceleration and the right to assert in ihy foreclosure
<br />proceeding the non-existence of a default or anp other defense of Borrower to arcelertliun and foreclosure. If the broach
<br />is not cured on nr before the dale specified in flee notice, Lender ut Lender's option may decL n• all of the s rots secured 6v
<br />this Mortgage lu be innnediately due and payable without (uriher demand rout may foreclose bs judicial proceeding. Lender
<br />shall be entitled to collect in such proceeding all espensas of foreelnutre, includbtg. but not limited to, ends of docnnuntary
<br />ecidenee, abstracts and title reports.
<br />19: Borrower's Right to Reinstate. Nota'ithstandutg Lender; :r ~s~tr,mon ni the .ant, u'en nnf be ihi, Mung;tgc.
<br />Harrower shall have the right to have an} proceedings begun h} 1 ender to rnt.,rce the 41wrg.rge Jt,. ono need .d ant onto
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