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L<nMrs •wriit<~~rce~rrcnt o~a~plfi3bte 1~. Barrawer shad pay the amount of ail mangage irsuranct premiums :n the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Linder pursuant to this paragraph 7, with interest thereon, shag become addaional
<br />indebtedness of Borrower secured by this Mortgage. Untesx Borrower and Fender agree to other torsos ¢f paymem, str<h
<br />amounts shag be payable upon notic< from Lender m Borrower regiusting payment thereof, and shall bear inmrest from the
<br />dais of disburxment at the rate payable from lime to time on outstanding principal under the Note unless pavment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shah bear interest at the highest rate
<br />permissible undrr applicable law. Nothing contained in this para¢raph 7 snail require I-ender to incur any expense ar take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Praperty, provided
<br />that Lender shall give Borrower notice prior [o any such inspection sped wing reasonable cause therefor related to Lender's -
<br />intertu in the Property.
<br />9. Comtemnation. The proceeds of any award or claim for damag<s, dieter or constquentia!, in cannution •:+ith any
<br />condemnation or other taking of the Prop<rty. or pan thereof, ar for conveyance in lieu of rnndem nation. are hereby assigned
<br />and shall be paid ro Ixnder.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured h}• this Mortgage.
<br />with the excess, if any, paid to Borrower. in [ht event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing. them shall rte applied to the sums secured-by this Mortgage such proportion of the ptncceds
<br />as is equal to that proportion which the amount of the sums leaved by this Mongage immediately prior to the date of
<br />`taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid-to Borrower.
<br />- - - -7 f the Property is abandoned by Borrower. ar if, afer Warier- by t.tnder to Btsrrowtr that the candemnor ofers to make
<br />an award or seine a claim for damages, Borrower fails. tnrespmut let l..ender within 3B days after the date such notice is
<br />mailed. Lender is avthoriz<d to collect and apply the prare<ds. at t,.ender's option. either to restoration'or repair of the
<br />Property nr to the sums secured hp this Mortgage.
<br />Unless l..ender and Borrowrr ofheru~ise agree in writing, any such appfieatinn of p*oceeds to principal shall not extend
<br />or postpone [ht due date of [he monthh• installments referred to in paragraphs 1 and 2 hereof or change [he amount of
<br />such installments.
<br />(0. Borrower Not Released. Extension of the time for pavmem or modification of amortization of the sums secured
<br />by this Mortgage granted by tender to any successor in interest of 13orrowtr shall urn operate in release. in any manner,
<br />the liability of the original Borrower and 8orrower's successors in interest. ?ender chall not he required to commence
<br />proceedings against <uch successor or refuse in extend time fur pavment ar otherwise modify amortization of the sums
<br />secured h}' this Mortgage by reason of any demand made hr the original Bernawer and Borrower's successors in interest.
<br />11. Forbearance by bender N¢t a Waiver. Any fnrhearance by Lrndrr in c<rrcising env right or remedy hereunder. o[
<br />otherwise xffordcd by applicable law, shall nni be a waiver of or preclude ihr exercise of any such right or remedy.
<br />The procurement of insuranec of the payment of [aces nr other liens nr charges by Lender chall not he a waiver of Lender's
<br />right to accelerate the maturity of tine indebtedness secured by this Mongage.
<br />72. Remedies Cumulative. A!I remedies provided in this blongncc arc ~iinind and cumulative to nny other right or
<br />renteaty undrr this Mortgage or aQorded by law or cyuny, and may he eccrnsrd cnnnamntly, independently nr successively.
<br />13. Sucreswrs and Assigns Bound; Joint and Serrnl Liability': Captions. "lire covenants and agreements herein
<br />comained shall bind, and the rights hereundersha(I inure m. the rcspc~nve succnxxs and assigns of Lender and Borrower.
<br />subject to the provisions of parngraph 17 here¢t. All [ovenams and :rgrcement5 of Borrowrr she!{ he joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc ior,.m7fVetiit~tae~only and :: re not to be used to
<br />interpret nr define the provisions hereof.
<br />14. Nofire. Except for an}' notice required under applicable !;}rydMto~6<, divert-in another manner, (a1 env notice to
<br />Bormwcr provided for in this MnrtgagC shall he given by maiiinc stkfi ~-r,nl:cc by ccrtifiCrl mail addresscd io 8nr, rnver at
<br />She Properly address or at such. other address as Burrower may c~signate h;v=mrp#e to Lui~er as provide) herein, and
<br />lhl any !;mice !a Lender =hall be given h}' certified math rc•!un: s~ r^_yapstcl=le.:f ~nsleR~- =ddress sta!<d her<in er to
<br />such other address as Lender may designate h}• entice to Rorn:u e~ as Fnreidcdr#rerein -.4ny-notice provided for in this
<br />Liortgagr shalt 6c. deemed to have been given in Borrowrr nr 7 endue'~•~vv iri~n given in tiro manner designated herein.
<br />T5. Uniform hlongagt: G¢rerning T.aw: SeverabiBh•. liar 0~rr+7si f'mnngig~rnmhines rmiform arvenants For national
<br />use and non-uniform covenants with limit<d variations h}' iunuirciion Ciy,asutiude a unifnmt security instrument covering
<br />real property. This Mortgage shall be governed by the law of the ovittBe3ion in whia#t the Pn,perty :s located. in the
<br />event that any provision or clause cf this Mortgage or the Notc conflict. uitF 7ppllcahle law, such conflict shall not affect
<br />oiler provisions of this Mortgage ur the Notc dnich c :. t•r g,ren rlP:.i .cirtmut the em;tliciing provision. and to this
<br />end the provisiats of !hc Alortgagc and the t~nte are viechvcd :o he -everahlr.
<br />16. Borrow<r's Copy. Borrower sha1V he (urmshcd :. a+nrorncd ~apy nt the tiotc .end ni ~hn Mortgage at the time
<br />01 ezecutian or after recordation hereof.
<br />17. Trnnster of the Property: Assumption. I( all or any part of the F'roprrty nr ar; ini<rrst therein is sold or transferred
<br />by Rorroucr without lender's prior written cans<nt, excluding tai the uesnon o(a Gen nr rncumbranrt wbnnlinate t¢
<br />this ?sinrtgagt, (hl the rrcation of a purchase money x unity imrretl 'or hnusehoid appliances, tci a transfer L?v devise,
<br />descent or by operation of law upon the death of a ioint cacao! or - -
<br />Lcnder may, at Lender's opuun, decare ;dl the sums sceuroJ by this Mortgage to be
<br />immediateh' due and payable Lender shall have waived such option in ao¢clcrate i(, poor m the >ale nr transfer, Lender
<br />and the person in whom the Propen}' is to he sold nr transferred reach zerrement in v nn::g iha; the crcd^ of v+ch pcrsan
<br />is satis(acinr.' to tender and th:d the interest payable on the unrn acurcd i~p ihir Sortgage simli he :rt .uch rate as 1 ender
<br />shall request I( Lender has waived the option to accelerate provided m this p:vagrnph ;7, .md .f Barmwcrl successor in
<br />imcrest has esecultd a written assumption agreement accepted in writing by Lender. Lender shall release Rernnvcr from all
<br />obligatmns under this Mortgage and the Note.
<br />if Linder ezcrcises such option to aceeicrate, Lender shall mail Rorroe-rr nnhec of ;+ edcrauon :n accordance with
<br />paragraph !. hcrcut. Suet: nnticr shall provide a period of not less titan 10 u;iYs :nun Ihr d:nc the naticc s nulled within
<br />ulueh Borrower may pay the sums declared clue. If Borrower fails io pav s mh sums poor in :hc rxpir.u i,rn ,d •_~~h period,
<br />Lender may, vv-iihout further notice or demand nn Borrower, ima~ke any remedies perm rttcd by p:+raginph la tin eel.
<br />.-.ti'ow-ULa NUxnt CavEN nNTS. Borrower and Lender further anen;uu and agree a> Io1Mws:
<br />I8. Aecel<ratian; Remedies. F,xcept ns provided in paragraph 17 he e¢L upon Nor owns breach of any c nnnt or
<br />agreement of Borrower in this :Ilorlgagt, including the covenants to payr when due env snnu scoured by this 1lortgage.
<br />lender prior 4o acceleration shall malt notice to Borrower ns provided in pantgrapb 14 herr¢f specifying: (t) the hreueh;
<br />(2) the action required to cure sane breach; (31 a <late, not Irss than JB daYS from the date the notice is mailed to Borrower,
<br />6y which such breach muss be cured; and ial that fnilnre to cum such hrcarh un or beGlre the data speri(ieJ in the entice
<br />may rexulf in acceleration of the Burns seared try this Mortgage, f¢reclnsurr by judicial pr¢ceedinK and sale of the Property.
<br />The notice shall further inform Rorrawer of the right lu reinstate after acceleration and the rigid to assert in the foreclosure
<br />proceeding the nan•existenet of a default or any other defenst of B¢rrowtr to aceelerati¢n and foreclosure. Tf Ihr breach
<br />is not cured ¢n ar beture the dot specified in for notice, Lrndrr at Lender's ¢ylion may declare ulf of the soots secured by
<br />this islongagt fo b< inmtediat<ly due and pa}•able without further demand and may fnrecl¢se by judicial proceeding. Lender
<br />shall be entitled to collect in such proceeding all ecptns<s of fomclosure, including, but uoi limited to, costs of documentary
<br />tvidtnce, rbsfraris anti ItUe reports.
<br />Ig, Barrasvrds Hight !a Reinstate. Notwithstanding l.crder's a ceicrn!~nr. „I ti+c s,nr+, sraurcd hp' tltiv !stnngage_
<br />Harrnw<r s!:aII have th< right to have any prnreednrgs hcgun M• 1_cudcr t„ eeforcc iiu. Mnngegc disconn nuc 1 ai :,ny tone
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