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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 />Anv amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured b}' [his Mortgage. Unless Borrower and Lender agree to other terms of payment such
<br />amounts shalt be payable upon notice from Lender to Borrower reyuesting 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 payment 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 Lender to incur any expense or take
<br />any action hereunder.
<br />8. Ynspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />chat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor slated to Lender's
<br />interest in the Property.
<br />4. Condemnation. The proceeds of any award or claim for damages. direct or consequentiah in connection with any
<br />condemnation or ether taking of the Property, or par[ thereof or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall 6c paid to Lender.
<br />In the event of a total inking of the Property, the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Rorrowrr. In the event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied in 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 h}• this Mortgage immediately prior to [hc date of
<br />taking bears to the fair market value of the Property immediately prior to the date of inking, with the balance of the proceeds
<br />paid to Borrower.
<br />if the Properh• is abandoned by Borrower or if after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Borrower fails to respond ro Ccnder within 30 does after the date. such native is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Property or ro the sums secured by this Mongagc.
<br />Unlesx Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hercaf or change the amount of
<br />such installmentc.
<br />70. Borrower Not Released. Fctenzion of the time for pa}'ment nr modification of amortization of the sums secured
<br />by this Mortgage granted by Lender [o any successor in interest of Borrower shall nn[ operate to release, in any manner,
<br />[he liability of the original Borrower and Bormwer's successors in interest- Lender chili no[ he required [c, commence
<br />proceedings against such successor nr refuse tri extend time (or payment or otherwise modify amortization of [he sums
<br />secured by this Mortgage by reason of any der^.and made he the original Borrower and Borrowers successors in interest.
<br />it. Forbearance by Lender Not a Waiver. :1ny (nnc~aranc.~c by Lender in ecercising any right or remedy hereunder, or
<br />otherwise afforded by applicable hew, shill na he n waiver of or preclude the escrcisr of any such ri e_ht ur remedy.
<br />The procurement of insurance nr the paymcm of tascc or other liens nr charges h}' Lrnder shall not he a waiver of Lender's
<br />right to accelerate the man?rity of the indebtedness wcnrrd h} this \Inrteage.
<br />12. Remedies Cumulative. :111 remedies pnnided in ibis Mnrtcage arc distinct and cumulatiw•c to any other right nr
<br />remedy under this Mortgage >>r afforded b}-law or ryuin', and ma} be cureiced concurrenth', independently or successively.
<br />73. Successors and Assigns Bound: Joint and Several Liability': C'apdons. The covenants and agreements herein
<br />contained sh:dl hind sad the rights hereunder shall inure t.+. tE?e respective u?ccessors and assigns pf Lender and Borrower.
<br />subject to the pn+yi,iom of paragraph 17 harcel'_ :111 c venana amt agreemrms of Borrower shall 6e ;Dint and several.
<br />71re captions and hcadin>;. of the paragraphs of this Marty*aec arc for :om~cnicra-e nnk amt arc not u, he used to
<br />interpret or define the pro, isinns hcreof_
<br />74, Notice. Except f„r any notice rryuired under .tpplicahlc law to he riven in apotiter manner_ (:U any notice to
<br />Borrower provided for in this Mortgage ,hall !x: g 'an h+ md:hng such n;~Uee b+ .c•rt;fied n?.til ;rddrr..ed ; , Borrauer ai
<br />the Property Address or et each other addrecc as ~Borow'rr map draenaro by nnlice to i.endor :ts , rnw'icied herein. scot
<br />(h) any notice to Lt..^.Jer troll be g:crn by certified mail. rer,im receipt requested. m I ender': address s:ate;i boccie. ar tc
<br />- such e!hrr addres=. a=. ! ,coder .^.+.a:' dr=ig.^.ate h: n:tic::::+ Hctrrow.r as preridcJ her..u;. -1np na;i.. pre=- t.;i R:r ir. ihic
<br />Morgage shall he deemed in ha+~c horn giccn to Borrcwer ar I ender when given in th~+manner design;ned herein.
<br />-- - 15. Lrniform linrigagr: Gnvrrnin>; Law: Sewerahilify. Tlti, form of mortgage centhinrs !ntiform duvepua^^-ts [~,~ nariooal
<br />use :cod nom uniform <nv'Cnauts ., ith Ihnited r.u~cu Inns he jurisdiction Ii, constitute a umlortn cccnnn' insi nimcnt an•enng
<br />real property' This Morteaee .hall he eo+rrncd by the law of fife iuricdicliort in which the Pmpenv is 1.?aped. In the
<br />event that any provision nr aa;nc uF this btnrigage or the Note conflicts with applicable boor, such condict shoji not :tlTc.-
<br />uther provisions of this Morlguge or the Notc which e;m he given rlTeri wish,+ut the amdiciing pn,visior.. and to This
<br />end the nrnv+sions of :he .'+krttgage end the 'mare :err Jecland to hr .everahle.
<br />16. Borcnwer's Copy. Borrower ,h;dl hr. Furnished a conformed copy of the ,`Vote amt +~; th+s Vi+rcage tit Etc time
<br />of execution or alter rttprdaticn hcrcnf.
<br />77. Transfer of the Property: Assumption. ii all or anp part of the Pn,pcrtc or :m interest rherein is .Did or Iran,forced
<br />by Bon'owcr wiihom Lcndcr's prmr woven consent. cxduding t:U d?c creation of a hen or cncumbrntrr suhardin,ne m
<br />this fit.+rtgage. th) the ::m:u u,n of .+ pnnh:ue money •ecuritw interest for houuhnW appliances, ro'r :+ tramirr he dew isr.
<br />descem or by operation of hr++ ulzon Qte death of :+ loon h•.n:nn nr hU the cram of any fe,tuhold totems of thn:+• ,cars or Ictt
<br />not cnntaimng an option to purchase, !ender m;ty, at I rnder\ +,prion, dapf:trr all the sums .ennvd in' tins \i.,rtgape to hr
<br />intmediateiv due ;cod pa}al+Ie. I wander shall have •a:uyed wrh opw,n 6i acceicrete il, nriw~ :o the .ale or transfer. f coder
<br />:cod the pcrxm to +yhom the Property i. to he sold or tr:mucrrcd reaih egreentem m uni mg that the er'edil ul ,uwh person
<br />ix satisfactory a+ l.endcr and ;hut thee intt^rest payable nn the .ants .ecw'ed Iq this Ai otigagr ,tr,J1 hr at each rte as 1 -rnder
<br />shall rcquesr. If I ender has watvrd the option m sceclerute pros-ided m ihi pa r;reruph 17, and i( B;,rnnvw•r`s wccexur in
<br />incest has executed a wriaen ussungmon agn:entam acrep(cd in writing M' Lrnder. Lrnder shall release Hurrowrr from all
<br />obligations under This Mortgage and the Note.
<br />I( Lender racrcisez such option to ueerlrrate, Lender shall moil Borrower notice of areelerafion in accordance with
<br />paragraph 14 hcrcnf. tiuch notice .hall provide :+ prnnd of not lass than 311 dug, from the date the notice i_c nuiiled within
<br />which Bornwver may pay rtt+. sums derlurrJ Jae. tt Horrowcr faik !o pay sorb urns prior' u, the rxpiroitun of un•It period.
<br />Lender may, +vnhout further notice or Jeniand on Hprrawer, urvoke any rrmrdiex pcrm~urd h}' paragraph IS hercaf.
<br />Nov_U!siroant CovEV nrvrs. Borrower and 1 ender (u ri tier covenant and .igmr an follows:
<br />7H. .\ccrlrratinn: Remetfies. Except as provided in paragraph t7 hereof, upon Borrower's hunch of any em'enant nr
<br />vgreement of Borrower in this 1Jurtgage, including the cnrennots In pay when due :my sums secareA by this 1Ltrignge.
<br />(.ender prior to acceleralinn shat[ mail notice. ht Borrower as provided in paragraph la hereof specifying: Iq the breach;
<br />12j the action required to cure sua•h breach; 13) a date, not Icss than 311 days from the date the notice is inuiietl in Borrower.
<br />by which such breach mast 6r cared; and (J) that Failure to care such breach on or befirte the dote specified in the ponce
<br />may result in acceleration of the vtms secured by this Sfortgage, foredosurr by judicial proceeding and sale of the Property.
<br />'Cho notice shall further inform Burrower of the right to reinstate after accderalion and the right to assrrl in the forca•luxnrc
<br />proceed4ng the non-existenrr of a defardl ar any olhrr defense of Borrower to acerlerulion and Forrdosure. If the breaa•h
<br />k nut cared on or before the date specified in the nnlicr, Lcndrr al Lender's option may declare alt of the sums secured by
<br />Ihls Mortgage to be hnmedialely due and peynbic without further demand and pray 0trcdosc by judicial proceeding. Leader
<br />shall be entitled to rotted in sorb proceeding alt rspenses of Htreclosnre, tnduding, but not limited p+, eosYS of docnmentan~
<br />evidence, abslracfs and title reports.
<br />49. Borrowers Right 4o Reinstate. Notwiihsrmding Lender's accderuUOn of the cams secured by thin Mortgage.
<br />Barmwur shall have Ehu right to hove auy ptvccedings begun 6y Lander m enfc,ree this ktprlgagr Jiscontioued at any vine
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