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<br />Leader's written agreement or applicable law. Borrower shag pay the amount of a!I mortgage insurance premiums in the
<br />manrzer provided under paragraph 2 hereof.
<br />Am amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shag became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and tinder agree to other terms of payment, siseh
<br />amounts shat! be payable upon notice from L ender to Borrower tEquesting payment thereof, and shalt Fxar interest from the
<br />date of disbursemerzt at the rate payable from time to tune on omstanding principal under the Note unless payment of
<br />interest at such race would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permisaiblr under applicable law. Nothing contained in this paragraph 7 shall require Lender to inw.r any expense or take
<br />any action hereunder.
<br />8. Itrspecti~. Tinder may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />shat Lender shaft gwe Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. CorrdemnatMn. The proceeds of any award or oiaim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or past thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt he paid to Lender.
<br />In r}u; event of a mtal taking of the Property, the pracceds 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 Harrower and Ixader
<br />otherwise agree in writing, there shall be applied to 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 tzars to tht fair market value of the Property immediately prior to the date of taking, with the balance of the procrds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender m Borrower that the condannor offers to make
<br />an award ar settle a claim for damages, Borrower fails io respond to Lender within 30 days after the dale 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 />Property or to the sums secured by this Mortgage.
<br />Unless Lender and $orrower otherwise agree in writing, am~ such applicatson of proceeds to principal shall not extend
<br />ar postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof er change the amount of
<br />such installments.
<br />10. Borrower Not Rtte2ved. Extension 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 manneq
<br />the liability of the original Borrower and Borrower's succesmrs in interest. Y,ender shall not be required to commence
<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 any demand made by the original Borrower and Borrower's successors in interest.
<br />Yt. Forbearance by [xrsder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this hfortgage.
<br />t2. Remedies Cinrsaiative. Atl remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this bfortgaee or afforded hr law or eouity, and may be exercised concurrently. independently or successively.
<br />13. Sacczssors and AssiRos Bound; 3oint and Several Y,iability; CnpNans. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions o£ paragraph I7 hereof. :1li covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage ar for canvenitner only and :rrc not to tee used to
<br />interpret or define the orovisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, ta7 any notice ro
<br />Bormuer provided far in this Mortgage shall tre given by marling such notice by .c^,ified mail addressed rn Borrower at
<br />the Property Address nr at sash other address as Borrower may dusignatr by ra?ire to I.endrr a~ provided herein, a.^.d
<br />fbt any nonce to L.endcr shall he given try .ertified mail, return receipt rcquesttd. to 1 tinder's address stated herein or to
<br />s~,:h ::thee address a, I ~rd4r mt;v desiynat? !:• - .rise to Barrw-er as prevtdcd hsrci= .:: noel . ~:'nc~id~t foe in ibis
<br />Mortgage shall rrc deemed n, have Iseen given to Rarmwcr or Lender when gnxn in the manner designated hercir..
<br />Y5.
<br />il:sRs.:: ,9a.~._~e; ;aQVe~„[-~ I~.'=: siarer~bi;i#y. ~Tlti+ tnrrn of rnartgage cambincs ::mfnrm :~nvtnams for national
<br />,:~ and non-urdCarm cavenan+s with !imitecJ variatmns by ;urisiictian to rnsttts;te a ::n:fvtrs s=cear;ty instn;count cavettng
<br />real property. This Mortgage shall 7rr governed by the law oC the iurisdicUOn in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with .,pplieahk law, such conflict shall not atfrct
<br />other provisions of this 1sYortgage or the Note which can he given affect without the eonilicting provision, and to this
<br />end the provisions of the Mortgage and the Noe are declared to bu severable.
<br />t5. Borrower's Copy. Borrower shall he furnished a conformed cagy of the Note and of this Mortgagt at the time
<br />of execution or after recordation hereof.
<br />1?. Tmt~fer of 26e Property; Aawsmption. If all or any part of the Pmpert}• or an interest Ihercin is sold or transferred
<br />by Borrower without i-tinder's poor written eonsunL excluding la) the creation o£ a lien or enc!imbrance subordinate to
<br />this Mortgage, (b? the cresUan of a purchase money security interest for household appliances, fc) a transfer by devise.
<br />descent or by operation of taw upon the death of a joint tenant or Id) the gram of any leasehold imercst of three years ur teas
<br />not containing an option to purchase, Linder may, at Lendtr's option, dedam all the sums secured by this Mortgage to he
<br />immxaiaie:y due sod payable. Linder shalt have waived such rption to sccetcratc rf, prior to the laic or transfer. fender
<br />and the person to whom the Props:rt~ is to 6e sold or transterrrd reach agreement in writing that the credit of such perurn
<br />is satisfactory to Lender and that the interest payable vin the sums secured by this Mortgage shall fee at such rate as Lender
<br />shall request. IC i.ender Ras waived the option to :ucelcrate provided in this paragraph I7, and if Harmwer's successor hs
<br />interest has executed a written assumption agreement accepted in writing by i.ender. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Noce.
<br />If Lender exercises such option to accelerate, Lender shall mail Rorrowrr notice of acceleration in accordance wnh
<br />paragraph 14 heruot. Such notice shall provide a period of not less than 30 days from the daw the notice is mailed within
<br />which Borrower may pay the roans declared due. If Borrower faits is pay such sums prior in the expirntien of such pen+a.
<br />Lander may, without bother notice or demand on Borrower, invoke any eentedies pennrttuti by paragraph 18 hereof.
<br />Nom-U*+troaM CoveNnrvts. Borrower and 1_rndrr further covenant and agree as lollows:
<br />t8. icnteratian; Rraaedies. Exvtpt as provided in paragraph t7 hereof, upon Horrawer's breach of any rovrnaat ,.r
<br />agreernent of Borrower in this 1ltartpagt, including the covtnauts to pay when doe any sums necurvd by this Atrrs t8+4te,
<br />4eader prior to aceeferatiop s4a11 merit notice to Batmwer as provided in paraaraph IJ hercvsf sprcifyissg: (t) tht breech;
<br />(2l the nctksn required to aura sash breach; {3) a dote, cost tars.. Chap 3U days from the date the notice is mailed to Borrower,
<br />by wh5sts sash 6reac4 costal be raced; and f4) thnt faBnre to cure sash lxesceb sus er before the date sptsilitd to ibe tw[tce
<br />rosy resalt ip acceleration of the assess secured by this Mortgage, foreclosure by judicial proctedirsg and sate of the Nroperty.
<br />The sorter shah fnrlber inform 9arrower n# the right to reinstate after acee7era[ion and flu: fight to assert in the foreciasure
<br />peaceedtpg the mss-exkrteace of a default or any other drfrta+e of Borrowtr to aca-t7eration ual foreclosure. If tht broach
<br />is »Ol cared on or before the daft speciiied in the notice, Lender at t.eadrr'.v option may declare a0 of the sasses secwed by
<br />tlt6 Mortgnga to be lmmedialely due arsd payable withoat further demassd cad may forerlwe by judkinl prceerding. Tinder
<br />shsdt ire eptstird to so6~ct in ssssh proctndi®g sit esptrsses of fwrsiewrt.:w:7uding, but out 7iasited to, costs of docussreatary
<br />evis~cas a~rscta atpl e?t?- reports,
<br />ty, B.,rr..,y~~s Juto~t ~ P_t"s~r. Natwithstandmg !-ender'.=. accelerat:on f t::c sums era urea! fry t!us SS:rrtgage,
<br />Narrower shall have the right to have any proceedings begun by tender to enforce the 3tortgai5r Jiscontiuurd at any tune
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