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<br />-Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest [hereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. U~rb-ss Borrower and Lender agree to ether terms of payment, such
<br />amounts shall )>e payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date'of disbursement at the rate payable from time to time on outstanding principal under the Note unless paymrnt of
<br />interest at such rate would be contrary to applicable law. in which evrnt such amounts shall bear internt at the highest me
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />guy action hereunder.
<br />8. [trspeeflon. Lender mey make or cause to be made reasonable entries upon and inspectiotu 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 />9. CoodemnaNon. The proceeds of any award or claim for damages, 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 be paid to Lender.
<br />In the event of a rotal taking of the Property, the proceeds shall 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 Borrower and Lender
<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 [o 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 />7f the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor often to make
<br />an award oc settle a claim for damages, Borrower fails to respond to Lender within 34 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's opton. either to restoration or repair of the
<br />Property or ;o the sums secured ty this Mort¢age.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shat] not extrnd
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and '_ hetmf or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lrndrr to any successor in interest of Bortower shall net operate to release, in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or 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 inttrcs[.
<br />1 t. Forbearance by Lender Not a IVaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by a licable law, shall not be a waiver o[ or preclude the exercise of any such right or comedy.
<br />The pra:urement o ; rrteterRaaaes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate t e d ~ secured by this Mortgage.
<br />12. Reined A(IO~ided in this Mortgage are distinct and Cumulative to any other right or
<br />remedy under this . rquiry, and may he exercised Concurrently. independentl}• or successively.
<br />13. Successor and :~ssigm Bound; Joint and Severs) L1abiHty; Capdotu. The Covenants and agreements herein
<br />contained shall bind, and the righu hereunder shall inure [o, [he respoc[ive successor and assigns of Lender sod Sormwer.
<br />subject to the provisions of paragraph I7 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Nodre. Except for any notice required under applieablt law to be given in another manner, fa) am notice to
<br />Borrower provrdrd fo: in this Mortgage shall he;iven by m+riling ;uch notice by certified mail addressed ro Borrower at
<br />the Prot+em• Address or ar such ocher address as Borrower mav_ designate by notice to Lender as provided herein, and
<br />(bi any notice to Leader shall !x given :-~v Certified mail, return receipt requested, to Lender's addrrs4 xt3:..d httrin ar to
<br />rich athr: address as Lrndrr may drsigaate 6y notice :o Borrower as provided herein. Any rotict provided for in this
<br />Mortgage shall he deemed to hors hoer given to Borrower or Ltnder when given in the manner designated 6ercin.
<br />14. Uuftarm S/nrrgagr; Gurerning Law; SevrrsbBlty. This term of mortgage Combines uniform svenants for national
<br />use and nonuniform covenants with limittef r~arsauons by lunsdic[ion to Cons[iht[e a uniform secunty instnrmrnt covering
<br />real property This Mortgage shall he yovrrned by the law of the jurisdicnon in which the Prcpem a located. In the
<br />turn[ that any provision ar Ch.use of this Mortgage or the Vote conflicts with applicable law, such Conflict shalt not arfieet
<br />other prov~siops of this Mortgage or the Notrwhtah Can be given affect without the Conflicting provision. and a+ this
<br />and the provisions of :ht Mortgage and the Vote art declared w he atverabla.
<br />16. Borrower's Cope. $orrower shall he turmshrd a Conformed copy oY the Note and aF this Mortgage a[ tht time
<br />of exccu[ior. or after recordation hereof.
<br />77. Trapafer of tix Property; .~seumpdon. if all or any pan of the Property or an intercat thorcin is sold ar transferred
<br />by 8orrnwrr without Leader's pr:fir written consent, excluding ial the Creation of a lien or encumbrance subordinate to
<br />[his Aiongage. ~h/ the Creatton of a purchase money securuy ~nttrea[ for household appliances, td a transfer by devise,
<br />dexrnt or by operation of law upon the death of a joint tenant or Cdr the grant oP any leasehold interest of there }'ear nr lass
<br />not containing an option to purchase, Lrndrr may, at Lender's option, dtciare ail the sums secured by thtx Mortgage io ha
<br />immediately due .end payaMa. I-coder shalt have waived ,uch option to accelerate ~i, poor to the sale or transfer. (.ender
<br />and the person m •.vhom the Property is m be sold or transferred reach agreement In +v clung that the credit ~,Y such xren
<br />is xausfaatoi}~ ro i.endar and Thar the intarcs[ payabir on the ,ums xcured by this ltartgage shalt ba ar au::h rate _rx Lrndrr
<br />shall request. It Lcndrr has waived the option tq accolnratr provided in this (+aragraph l7, and ~f Bvrrewar's sucCrssar .n
<br />interpt has rxrcutod a written assumption agi ermrnt accepted in writing by Lrndrr. Ltnder ;hull rrirust Borrower Tram alt
<br />obligations under this Mortgage and the Nota.
<br />If l.aadtr axeecisn +uch option err aeceleratr, t.under ,hail malt Barrowrr notice of accelaranon in aceordancm with
<br />paragraph -t. ,.,- i- ~-halo ,~ +id>_ a -- rs~<! r, . -t r=_s than to tae: from :<:a date ~ toru:~~ .s ~'?ed ,w ieh;,,
<br />whlsh Borrower mav I+ar~tha +ums deciarad flog It Bcrrewcr tags ~a pav wch +ums poor to the rpirauun -i ..,~h penod_
<br />Ltnder may, without Iutther nonce or .iernand on Horrowrr, nr+oke env remedies ,xrmeted ^v paragraph i g he rep€.
<br />Von+-[,:ntroaM (-uvE Vnt~rs. Borrower and Lender further covenant and agree an hrllowx~
<br />tg. Aeeeterafton: Reutedirs. Except as pmvided io patvgt•aph IT hrvru}, upon Bprmwrr'v broach nt ape ~'OYtpap! IK
<br />agreement uY Borrower in This ~Inrtgagr. including the covenants m pay when duo tiny sugar rrrured by Ibis ~lorrgage,
<br />I.endrr prier to arrrkraeiuu ahaB reap ruallce to Borrower as prnridrd in paragraph 74 hereof spncifrittg: It( ibr broach;
<br />t3) the acefon required us cure such txeacb; r37 a date, a1K Irsy Than 30 days t'rnm the date the notice is mailed to Bornrwer.
<br />by whleh such brash mast br cured: and 14) that failure to cure such hrrach tin or before the date speciflad in the notice
<br />may result in acrrlrratiun of the sumx secured hr This .Mortgage. fnrodosarr by judhiu! prceeeding and lain o! the Pruprrty.
<br />'Cho poticr shall further inform Barrowrr of the right to reinstate after urcrlerutimr and the right to ussart in the Ynrrcfosure
<br />proceeding the nun-existence of a detautt nr any ether rkYrnsr of Borrower to usreteration and Furcclasun. If the breach
<br />ie «w cured oa ar brlurr the date specified in thr notice, ).tinter tit Lender's opfign may dnclarr alt uY the sums secured by
<br />thk Martgega to be immediately der and parable ,rirhaut further demand and may Ynrrelarr by judicial proraedfng, Lender
<br />shag ~ entitled to cal1~ •t is such prvcrrdi ~ all exprrtses of forrclusuer, Including, bset not lim{rod to, coats of dorusnentan
<br />rridnncr. :obstructs gad title reports.
<br />IN. Borrower's Right to Reiastatt. Vnrwithstanding LenderC accelerauun of the sums secured 6y this Sfertyage.
<br />Horrowrr shalt have the right to have any pr,Ctrdirtgs fregun by Lander to entorcr Chu Jiotigag~~ discontnnitd .tr soy tuna
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