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<br />Lender§ written agreement or applicable iaw. Borrower shall Pay` the atnoant of aB mortgage irtsimvtt praaitrms in Lhe
<br />meaner provided under paragraph 2 hereof.
<br />Any amountx disbursed by Lender pursuant to this paragraph 7, with interest thereon, shat[ 6ccaru additional
<br />indebredness cf 77crrower soured by this Mortgage. L'niess Borrower aced T..eitder agree to oitur term of payment, such
<br />amounts shalt be payable upon notice from [,ender to Borrower requesting payraeM thereof, and shall bear interrat from the
<br />date of disbursement at the rate payable from tutu to tune on outstattdlug prindpal tender the Note tmkss payaxet of
<br />interest ai srxh rote would be conttay to appticatrle law: in which event sash amoutns shag bear interest at the it7ghest rate
<br />perrtrissibte under applicable law. Nothing conta(rted in this paragraph 7 shat[ requite Lends W incur any experme or take
<br />say action hereurakr.
<br />g. Inspectlou. Lettder may make or caux to be made reasonabte entries upon and inspections of the Property, pmvidsd
<br />chat tender shall give Borrower notice prior to any such inspection specifying reasonable carne therefor related to ixadefs
<br />interest in the Property.
<br />9. Corrdertumeba The proceeds of any awant or claim for damages. direct or cansegvential. ia-t:onnectian rvrM any
<br />conde-ataat[or. or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are Ftereby alslgtud
<br />and shall be paid to Lender.
<br />ir, the event of a total taking of the Property, the proceed: shall be applied to the sums secured by this Mortgage.
<br />with the ezaess, if any, paid to Borrower. In the event of a partial taking of ehe Property, unless Borrower and fender
<br />otherwix agree in writing, there shad 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 dau of
<br />[eking bears to the fair mazket value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the i^-operty is abandoned 'oy Burrower, or if. after notice by Lender to Barrowet• that the condemnor oHem to nuke
<br />an award or settle a claim for damages, 77ottower fails to respond ro Lender within 30 days after the date such entice is
<br />mailed. Iznder is authorized to collect and apply the proceeds. at [xnder's option, either to restoration or repair of the
<br />Propert}• ar to the sums secured by this Mortgage.
<br />Unless tender and Borrower otherwix agree in writing. any such application of proceeds to principal shall not extend
<br />ar postpone the due dace of the monthly installments referred to in paragraphs ', and 2 hereof or change the amount of
<br />such installments.
<br />70. borrower Noi Released. Extension of the time for payment or mndiflcatinn cf amortization of the rams secured
<br />by this Mortgage granted try [xrder to any successor in interest of Boaower shalt not operate to releax. in any manner,
<br />the {lability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<br />proceedings against such successor ar refuse to extend time fur payment or otherwise modify amortization of the sums
<br />scoured by this Mortgage by reason of say demand made by tfie original Borrower and Borrowers successors in interest.
<br />71. Forlrearavee by Lettder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law. shall not tx a waiver of or preclude the exercix of any such right or remedy.
<br />"The procurement of insurance or the payment of taxes or n;her liens or charges by [.ender shall not ere a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />72. Renxdies Ctrmnlat(ve. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law ar equity. and may be exercised concurrently. independeotl}• or successively.
<br />73. Successors sad Assigns liovnd; Jo[nt a~ Several i.iahilifi; Capt7ons. The covenants and agreements herein
<br />contained shall hind. and the rights hereunder shall inure tn. the respective successors and assigns of Lender and Borrower.
<br />subject to [hc previsions of paragraph 17 hereof. .All covenants and agreements of Borrower shall tx joint and several.
<br />The caetions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret ar de$ne the provisions tr_reof.
<br />i4. Notice. Except for any notice required under applicable law to he given in another manner, fa) any notice to
<br />t7orre~"er provided far ;n this Mert?agc -shall he given by mailing such native ht• certified mail addressed to Borrower at
<br />the Property Address or at such tither address as Borrower may designate by notice to Lender as provided herein. and
<br />o) env o-uc:c io ~cnu'cr shat! tx- given fiv c relived mail. velure rccerpt requ~ led, t ter, tier's address x tcd R-rein :zs t
<br />such other address as Lender may desi_¢nate by nmice to Borrower as nnn•ided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have peen given to Borrower or Lender whin grven in the manner designated herein.
<br />15. Uniform Morfgattes Guverniag Law; SeverabBlty. This form of martgaRe combines uniform covenants for nations!
<br />use and non-uniform covenants with limited variavons by jurrcdietinn tr. canstiutfe a uni(omt socunty instrument covering
<br />real property. This Mortgage shall be governed M' the law of the iurisiliction in which the Progeny is located. In the
<br />event chat any provision or daux of this Mortgage ar the Note conflicts with applicable law, such conflict shall not attest
<br />other provisions of this Aiortgagt or the Nate which can he civon effect without the conflicting provision, and to this
<br />end the provisions of she Mortgage and the !gate are declared to he severable.
<br />lb. Borrower's Copy. Borrower shat! be furnished a conformed copy a( the Note and of this Mortgage at the time
<br />e.( execution ur after recordation hereof.
<br />19. Traetsfer of the Property; Assumption. tf at! or any part o£ the Property or an interest therin is sold ar irznsferrecl
<br />by Bacrower without Lender's prior written consent, excluding (a} the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest far househmd appliances, !c) a transfer by devise.
<br />descent or by erperution of iaw upon the death of a ioim tenanr ar td1 the gram of any leasehnid intefcsi of (firee years or less
<br />nut containing an option to purchase, Lender may. at Lender's option, declare all the sums secured by this Mortgage to he
<br />immediately tint and payable. Lender shat! have waived such option to accelerate if, prior to the sale ar transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreemem .n writing the[ the credit of etch perm
<br />is satisfasaorv to Lander and that the interest payable on the sums severed by this Mortgage shatl be at such rate as Lender
<br />shall reyuest. [f [.ender has waived the option to accelerate provided in this paragraph 17, and if Borrower; successor in
<br />interest has executed a written assumption agreetent accepted in writing by Lender, Lemke shall release Borrower from all
<br />obligations notice ehis Mortgage and the Note.
<br />If Leader exercises such option to accelerate, Lender shatl mail Borrower notice of acceleration in accardsnce with
<br />psragtaph 14 hereof. Such notice sfial! provide a period of oat Less titan 3t) days tram the date the native is ntaiied within
<br />which Borrower Wray pay the sums declared dot. tt Borrower fails to pay such sums prior to rho cxpira(ian of such per~xt,
<br />Lender may, without further notice or demand nn forrower, invoke any remedies permitted by paragraph !g hcrnof.
<br />Nnx-Urvttoaxi CovcN.sr+rs. }k rmwer and lxnder further covenant and agree as follows:
<br />tg. Accekratiou; Remed[es- Except as provided in paragraph 17 hereof, upon Borrower's breach of any coF'enaat or
<br />aQrceuxM of Borrower in this Mortgage, incitrditg the covenants to pay when due any sutra secured by ihks MoriQage.
<br />:,caller Priory to accaierafiau shatl ruait notice to Borrower as provided iv paragraph i9 hereat specifying: (i) eke Imsch;
<br />(2) the trct4au required to cure such breach; (J) a dale, rm! leas fbau 3U days from the date lice rrot[ce is mailed to BorraKer,
<br />6y which arch breach must be coved; and (4) that failure to cure such breech an or before !fu date specified in the no6cv
<br />racy resatt in acce7tratiou of Ibe Burns secured by ihfv Mortgage, fon¢cbsvre by judkiat proceediag avd sale of the Propeny-
<br />7be poetise shag further iofonv Borrower of Ibe right to reinstate altar acceeration and the right hr assert iu the forecl~ure
<br />prueeediug the rwu-es&tenco of a default or any other defence of Borsawer to accektatlm and tore.:losure. If the brexh
<br />ip oat rrrrvd an or before tt~ date specifis3 In the rroaice, t.euder at Lender's op. tan may declare aB of the autrtx secured by
<br />ibts Mortgage to ere [snmediatsly tine aloe PaYaWe wieituut fnrt~r demand and may forecbss by judSreal procesdlnp,. txwdor
<br />wail be eatiYied to collect ie ssrch Praeee;flsy ad espetssrs of ftsrerkrsvre, ixludtsg, !rot real i7mtted tn, coals of dceaeaeatary
<br />av#~rce, abstrac°~ -~.:"..e- :er:,:r'.a.
<br />lA. &rrsowet'a Right to Relustate. Notwithstanding Lendec's aece;lnrauon of the sumo secured by this .'«tertgage.
<br />Borrower shat! have !lx right to have say proceedings begun by i ender to color cc thu Mertgagt discontinued a: any ume
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