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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage i^surance premiums in the
<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 of Borrower secured by this Mortgage. Unless Horrower and Lender agree to other terms of payment, such
<br />amounh shall 6e payable upon notice from Lender to Borrower requesting payment [hereof, and-shalt bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note artless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest a[ the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />;my action hereunder.
<br />g. Inspection. Lender may make or cause to 6e 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 />q. 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 pan thereof, nr for conveyance in lieu of condemnation, ate hereby assigned
<br />and shall he paid to I_rnder.
<br />in thr went of a total taking of the Property, the proceeds shall tx applied to the sums secured 6y this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial tsking of the Property, unless Horrower and Lender
<br />othencisc a~. re in venting. them shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal in that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market vah+r of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrou•cr.
<br />If the Pro~ry is ahandorted by Horrower. or iF, after notice by [.ender to Hortower that the condemnor o$ers to make
<br />an award or seine a claim for damages. Borrower foils to respond to lender within 30 days after the date 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 />Progeny ur to the sums secured by this Mortgage.
<br />L!nless Lender ucd Borrower otherwise agree in venting. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthi7 installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. F,xtension of the time for payment or modification of amortization of the sumx secured
<br />by this Mortgage granted by Lender to any successor in interest of Horrower shall not operate to release. in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />pmcetdings aeainst such successor or refuse to extend time For payment or otherwise modih• amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's utcceasors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercisine any right or remedy hereunder, or
<br />otherwise afforded by applicable .:+w, shall not he a waiver of or preclude the exercise of anv such right or remedy.
<br />The proe:umment of insurance or the payment of taxes or other liens or charges h}• i_ender shall not ht a warvcr of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />f2. Remedies Cumulative. All remedies provided in this Mortgage ore distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr equity, and mny he caerrs'eJ concurrently, independently or successively.
<br />13. Successors and Assi>Zns Round: Joint and Sererai I,iahility; Captions. The covenants and agreements herein
<br />contameJ shall bind. and the rights hereunder shrill more ta. the respective successors and assigns of Lendrr :rod Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agrctments--of $orrower shall t+e joint and several,
<br />The captions and headings of the paragraphs of this Mortgage arc for convenience only and are riot to t+e used to
<br />imerprrt or define the provisions hrrcof.
<br />14. Notice. 7=xcrpt fur any notice required undo applitat+le law to 6e given in another manner. tat anv rimier m
<br />Borrower provided For m this Mortgage ;hall he given try mailing sugh uotier by terrified mat{ addreswd to Rnrrnwu at
<br />the Pn+pcrtv Address or at vich other address as Borrower mny destgnale by nutlet to [,cndrr as pmviaied herein. and
<br />ihl am' nnu a t I cn le :hall he g,_vrn by cs« fled Hari, r4L. - rrev~t rrqucsttd, en 1 ender s gddrrss stated herein ur to
<br />such other address es Lender mas- dcsienate by nntiac to Borrower its provided h-•rem. Am•~t-erica pravidcii Fur in this
<br />fviortgagr shall hr drenrrd ro has-r horn gmcn to t3arrower or i endre ia}ten gtyrn in the mant~Tr designated heroin.
<br />15. Vnitorm M1tortAaet: Governing Law; SerrraWlity. Phis farm of mortgage aombine{tvntform covenants for nau,anal
<br />use anJ nom uniform tovenann with limited saurauuns by Iunsahction to ctstntiiutda und6rm setunt}' instnnnem cos'ering
<br />real propene This Mortgage shall he governed hw the law of the ;urisdicoun in which the Pro(x rq• .c InCated to the
<br />event that unY pn,vtsa,n or clause of thn Morgnge or the Nute conflicts with upphcablr law, web conltict ,hall not uHert
<br />other ;:nw,siom ,.f [his Mortgage .x the Nute which 7 r he groan ell'ett without the : onlLcting pnx ision. and to this
<br />end the p«wtslnm of !hc Mongagr end the `tore .tic declared to hr severable.
<br />16, Bormwei s t'npy. Borrower shall hr funvshcd a conlormrJ copy of the Nntc and ni thts !slortgage at the time
<br />of exrnrtinn or .«trr rccordutiun hereof.
<br />17. Trarrsfer o/ ihr Property; Assumption. It ,711 ar nnc part of the Prnpe«}' nr tin tmrrest thrrcui is sold nr tran.ferrrd
<br />by Aeru+wrr wrthow I ~•nder's pour wnttcu Consent, excluding (:U the creation of a hen nr en. unihrance subordinate to
<br />ihn Mortgage. Ihi the errutinn .d a purchase munc•y ,eeurity merest tar household applrm:es. tct .~ rran, h:r he drrisc,
<br />dex'rn; or hi` „prraucn of is s upon the draih of :~ lnmt tenant or - - - - - - - •
<br />Lender ma}, m I cndrr's upunn, dtchuc ;dl the sums ucured 6ti stns Mortgage I+, he
<br />tmmedc+taly due .end payable. 1 ender shall ha.r warred such option io utrclrrate tl'. prior u, the ,,tlr or transfer 1 cndrr
<br />smd the person to whom the Pn>~rnti „ to fir ,old ur t ;+nslrrrcd ranch agrcrnent m wrung that !rte credo nt +u.H prrvu_n
<br />is sansi actor.- to i-ender oriel that the interest pas'ahle tin rtte .rims srtatcd h} the, Aloe tguge ,hull he at arch r-arc .,. i cndrr
<br />shin! rcqucst. If 1 ender bus waived the opu,a7 to accrler:dr pros ided in this paragraph I7, and d tiurrower's w.cnsnr m
<br />imrrrst bus executed a wnnrn aisurtepuon agrcemrnt accuptvd in wruutg by Lender. Lender shall release Hon owrr brim all
<br />uhligauons umlrr this Mortgnge and the Note.
<br />It Lender cxerc¢cs such opnm7 h7 accelerate. Lendrr shall marl }lorruwcr uUticc ei eccrlrtauon m accPrilancc verb
<br />paragraph IJ herrat tiurh nrntce ,hall providi• e pnnod nt u•u less thou 7i7 Jas`s from the date the novas i. malted ..itinn
<br />which Borrower rive} pa} the sumx dca Loral dua•. I! Horrower Lui. !n par s rcb +ums prim to ihr c<pirut,:m ,•I ~:rrh p n.,d.
<br />I enJrr mu., a-id7uul blether noose or Armand an Bnrnrecr.:nvoAc ens ,vnudirs permnu•J hs pnragr<tph t~ Irur r,q
<br />tic**+•UtJrtoast tbvsn~ati-rs- Rurcawcr .uul i ruder tunhet c+ sennm ,,rid :,grey a, lollows
<br />tg. :1carteralb7n; Rrnrediex. F.xenpl As provided in prragropA 17 hereof, upon Bornrwrr'x Arrach of any anrtaant ar
<br />aifreemrnt of Borrower in fhb Nurtgagt, includloit the covenants fo pay when dot any sums srrurod h} ihw xhrNilaKr,
<br />l.rnder prier to acaYleratinn shall malt notice to Horrower as pms4drd in paragraph IO hrrcof sprcifyinit: r tt the Mrach;
<br />42) ibt atllnn requtrcd !v coca sncb breach; (31 a date, earl less than 30 dryv (men tAr dale ihr notice F malted to 8onvwvr.
<br />Ay which lath Arrath must br curod: rod l•f) that tallurr to cure such breach tin ar Arturo the date rpecflted ht the twtirr
<br />may resaU in arrabration of ihr sumx secured by this M1inrtRtgte, forrrlomure by judkiW prxrcrrdtrgt and sate of ihr Pmpeny
<br />"l7te notkt shall farther laform Borrower a[ fhe rlKht to roirastate after aarrlrratiun and the ri[rM to assert in ihr forrrtmure
<br />proceeding the rim-exMenre of a default or any other tMfeasr of Borrower M arcrkrotinn and fvrrcinsore. f! eht Arrach
<br />is rid cored on or before the Batt speci0ed in the notice, Leader al l.rnder's option may dnlnrr u6 nt the sarro secured by
<br />this MortRakr to he immediately due end payable wfthoaf further demand and may inrsckrxr by judicial pnrcerdlrtlt. Lendrr
<br />shall bt rntnlrA to collect in such proceeding n0 ezprmes of torerlosarr, im•iudbyt, bat cwt 8mitrd tu, costs of docunteniary
<br />evidenrr, abetras:ts sad title reporbi.
<br />7q, Btr~rowrr'a Rlwht fo Itaisat~it. Nutwithsiandtng Lcadrr's e =cicrauorr .+t the soars secured he this Mortgage,
<br />lierrowrr shall have the right to have anv prucerdingx begun by t code- t crdo+Cr thn Murtgase diuonunurd ,a any nnu
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