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<br />Lender's •wriucn agreement or applicable law. Borrower shaft pay the amount of all mortgage insurance premiums in fix
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness n( Eorrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of dsbursement at the rate payable from time to time on outstanding principal under the Note unless payttxtn[ of
<br />interest at such rate would be 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 I-ender to incur any expense or take
<br />any action hereunder.
<br />g. 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 ro Lenders
<br />interest in the Property.
<br />4. Condemnation. The proceeds of any award or claim for damaees, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds .hall 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, [here shall be applied to the sums secnced by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured h}' this Mortgage immediately prior to the date of
<br />taking hears to the fair market value of the Property immediately pr9rn In the date of Taking, with the balance of the proceeds
<br />paid to Borrower.
<br />if the Property is abandoned by Burrower, nr if, after notice he 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 +0 days after the dale such notice is
<br />mailed, Lender is authorized to collect and appl}• the proceeds, at Lender's option. either to restoration or repair of the
<br />Property or [n the sums secured by this Mortgage.
<br />Unless Lender and Dorrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the mnmhly installments referred to in paragraphs 1 :md 2 hcrcof or change the amount of
<br />such installments.
<br />t0. Borrower Not Released. Extension of the time fur paymem nr modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall rant operate to release, in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. i.ender shall oral he required [n commence
<br />proceedings against such successor or reese to exten(i time (or payment or otherwise modify amortization of the sums
<br />secured by [his Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />17. Forbearance by Tender Not a Weever. .Any forbearance by Lender in exercising am• right or remedy hereunder, or
<br />OIllerN•iSe afforded by applicable law. shall rot be a waiver of nr preclude the exercise of an}• such rich[ or remedy.
<br />The procurement of insurance or the payment of races or other liens or charecs he Lender ,hail not he a waiver of Lenders
<br />right to accelerate the maturity of the Indebtedness secured by thi, Moneagc.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded h}' law nr cy airy, and may he cscrclsed enncurrcntly. independenll}• nr cnccessivcly.
<br />13. Successors and Assigns Bound; 7oim and Several liability: Captions. the covenants and agreements herein
<br />contained shall bind. and the rights hereunder shall more !o. the recpecnvr alccessors :md acaignc of Lrn(Ier :md IIornxvcr.
<br />subject to the provisions of paragraph 17 hereof. :\II covrnantc and agreements of Borrrnrer shall he inint and several
<br />The captions and headings of the paragraphs of This Mortgage rare for amvemencg only and arc rant In he used In
<br />interpret nr define the nrnvisinns hcrcof.
<br />la. Notier. Except for any notice reyuired under applicahlr law to he prven m another manner. i:U any notice to
<br />Borrrnvcr provided (er in This Mnrtgace ahali he e yen t»' n.aihng , Lh usM lZr 6y-a•~rti~d mrti? addre<.*sd !, Borrower n
<br />the Property :lddress or al such other address :u 'Borrower mac dcslgn;rtc by notice u, Lender as prnviJeJ basin, and
<br />[h) env noricc to 1_cndcr shall he gir_n by certified road. return ra clpi r uc~tcd. 'tn i.cn(isr•s addres~statcd herein or to
<br />such other address as Lender may designate h}' notice m Borrower as prm~Idcff lrr rein.. Any nulice provided for in this
<br />Mortgage shall he deemed to have been given to Borrower or i.cnder „hen given ire the ma::ner designated herein.
<br />15. Uniform Mortgage; Governing Law; Srverability. This form of mnnga¢e nmtfiinas uniform covenant, for naunn:d
<br />use and non-uniform covenants with IimifeJ variations hg iluwdlcuon In n,nctnutc n uniform seulnty instrument covering
<br />real property. "phis Mortgage shall be governed he the law of the lurndlcunn In Which rite Properly Ic located In the
<br />event th:rt any provision or clause n( this Mortgage nr the tote m~ilicn with :Ipplicable law; such conflict shall noI attest
<br />other provisions of this Mortgage or the Vole which can he glcen riIl•ct ,vilhout the am0i; ring pan umn, and to this
<br />end the provisions of the Mortgage and the Vnte arc Declared to he a erahlc
<br />16. Bortower's Cop,Y. Borrower shall he furnished a .oninrmcd ropy ,•i the tints anJ nl Ihls Mortgage :u the time
<br />of esecwion or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any p;ot of the Properly ar an Interest therein is sold nr trunicn~cd
<br />by aorrnwer without Lender's prior written n,ncenl. cx lading L:r nc~ .rcauon ..f a lien o enanuhrmce ,uhurJinatr m
<br />this Mortgage. (h) the creation o(a purchase money' s curitp mtcrev for household appli:mccc, Icl a tramfer by devise.
<br />descent or by operation n( law upon the Death of a loran atenam nr
<br />Lender may. ut LcndcrA opunn. dcda:e .:II the cool, secured by this Vi nrtgage In be
<br />immediately due and payable. Lender chill have warvcd , Ich opnun In a~cclenue II, prior m the ,ale or Iransler. 1 ender
<br />and the person to whom the Property is to he snlJ or transferred reach agreenx•nl m „nlme thin the errJ:t nI s Irh perco::
<br />Iz satisfactory 4) lender and chat the interC,1 payable on the s :ed be Ihi, Nongugn ,boll be rat s leh I.uc ::, I ender
<br />shall request. If Lcndcr bras waived the option In acccleruc provided m Thu p;u~a Gra ph 17.:uu1 d Buenos-cr\ ,uccasss,r m
<br />interest has executed a written assumption :+greemcnl nccepled in writing by Lcndcr, Lcndcr ch:Jl release &xrnw er from all
<br />obligations under this Mortgage and the Note.
<br />1(1 ender ryereises such npuon R) accelerus•. 1 ender ,hall maul Ilnrn,unr nnuce of :,s!c rsoon ~... ..,.nntan- raid:
<br />paragraph 14 hcrcof. Such notice strati prtivtde a period uC not Ics, than lit Jus, I'nnn ;hv J;:tr Ihr nou.c I, ,. ,uled ,s ilhnl
<br />svhreh Borrower may pa}' the ours Jcdare(I due. if Bnru,w cr lath to p,n' ,: ,.I n)> poor I„ the rsp!r,n...n rch l,znnJ.
<br />!.coder may, wnhoul further nnuce or Demand on liorn,u'cr, mvoAe am rtnx•dles pennlucJ h, pa „laph I; ~ ucnf
<br />NON-t,INif(III At (~()Vti NANTti- Bnrrr,Wrr and I endl'I' furl hcl enwen.: 111 .Ind .Iniee ::, Inlnw',:
<br />IB. Acceleration; Remedies. Except as provided in paragraph 17 ben•ol, upon lk,rn)a rr', breach of ant c cenanl I r
<br />agreement of Borrower in This Mortgage, including the n,rn:unA to pay ,.hen (fur env ,unn „cored by thi,lMorlgagr.
<br />i,ender prior to acceleration shall mail notice In Bnrrowerr ac pan idcd in paragr.)ph IJ hcrcof ,perif}ing: f11 Ibr 6ra•neh;
<br />t2) the anion reyuired to cure such breach; (3) a date, not leis Iban 311 days from the dme the uolice is mailed to Borrower,
<br />by which such breach must be cured; and 14) that failure roc wh breach o or before the date ,preitird in the nulice
<br />may result in accrlerelion of the sums secured by this .Mortgage r(orednsure hr judicial pruaa•ediuP and e:de of 16e Property'.
<br />'['he notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the fottclosurc
<br />proceeding the non-ex{slencr ufa defaall or any other defense of Borrower lu accelrrntior. rand fi,recloeure. IF the breach
<br />is not cured on or bcfarc the dare specified in file uolice. Lender at i :voter's option rn:p' devlarc• all of the sums secured be
<br />this 111origagr In 6r immrdiarrly due and payable without further demand aid ntay fomcinse by judicial proceeding. Louder
<br />shalt be emitted In rolieet in such proceeding :dl expenses of R)rrclucum, intruding, hul not limia•A In, cots of dncunn•nmry
<br />rvidrnre, aFlstracl5 and title reports.
<br />i4. Bormwels Right to Reinstate. aotwi[hshmdn,g i cndcl, _cltrabnr, of :tic ,un:, ,J 6r Ilu, ii,)::g,lge.
<br />Borrower shall have the right to h:rvc I _ pn,a ceding, hegu,l h, I tn:,itr t,: u:f ores Ihn p4n lg.Igc ~,LU min.IrJ at ern ~nna
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