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<br />Lender's ,vr,uen agrcemtnt or applicable lay. Borrower shall pay the amount of all mortgage insurance prsmiums 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 Harrower secured by this Mortgage. Unless Borrower and Lender agree in other terms of payment, such
<br />amounts shall be payable upan notice from Lender to Borrower requesting payment thereof, and shag bear interest from She
<br />date of disbursement at the rate payable from time to time nn outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such nmaunts chili bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shat) require Lender to incur any expense or take
<br />any action hereunder.
<br />S. iaspection. Lender may make or cause to he made reasonable cotricx upan grad 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 />imerest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other raking of the Property, or part thereof, or for conveyance in lieu of condemnation., are hereby assigned
<br />and shall bt paid to Lender.
<br />In the event of a total taking cf the Property, the proceeds shaii 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 y^riting, there shall be applied to the sums secured ht• this Morgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Martgage immediately prior to the date of
<br />taking bears to the fair market value of the Properly immediately prior to the date of taking, with the balance of [fie proceeds
<br />paid to Borrow•e:.
<br />If the Property is abandoned b}• Borrower, or if. aver naive by Lender to Harrower that the condemnor offers to make
<br />an award or settle .-. chin: for damages. Borrower fails to respond to lender within 30 days after the date such no[irx 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 ar to the sums secured h}' this Mortgage.
<br />Unless Lender and Borrower aherwise agree in writing. any such application of proceeds to principal shall not extend
<br />nr postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change [he amount of
<br />such installments.
<br />i0. Borrower Not R°leased. Extension of the time for payment or modification of amortization of the sums secured
<br />by t. s *,f3ra°age w by Lands ~.• st..cessar ;,, ..,,...~.,. ~,t Bcrrc=vrr shall r.. release, i^. an manner,
<br />s g: ^y apt r.., Y
<br />the :lability of the original Borrower and Borrower's successors in intcreu. I ~_nder^chali not 1br required to commence
<br />proceedings against such successor or refuse to extend time for payment or atherw:se modify amortization of the sums
<br />secured by this Mortgage by reason of an}' demand made by the original Borrower and Borrower's successors in intr. rest.
<br />it. Forbearance by Ltnder '.Cot a Wainer. .Any farhearance by Lcndcr in exercising any right ar remedy hereunder, or
<br />otherwise aHarded by applicable (aw. shall not he a waiver of ar preclude the exercise of ain• such right or remedy.
<br />The prixvrement of insurance or the payment of taxes ar other liens or charees by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this \lortgage.
<br />12. Remedies Camalative. All remedies prov~drd m this Mtn cage ar distinct and cumulative to an7 ether rig: t or
<br />remedy under this Martgage or afforded by law or caner}. end mac ht exernsed cancurrcnth•. independently ar successively.
<br />13. Sssccessors and Assigns Bound; Joint and Scceral Liability; ('options. The mccnants and agreements herein
<br />contained shaii hind, and the rights hereunder steal! mutt to- the respective xiccessors and assigns of Lender ;rod Borrower,
<br />subject to the provisions of paragraph 1? hereof. All covenants and agreements of Borrower shall he joint and several.
<br />The captions 2nd headings of the paragraphs of this Mortgage arc gar convenience onh• and art not to be used to
<br />interpmt or define the provisions hereof. ~a+• -`> •-^.~
<br />p pp givert.imaA~ther manner. (a) any notice to
<br />14. Nofiet. Exec t for any notice required under a livable !aw tnl6er ~
<br />Borrower provided for in this Morteagc shalt be given by mailing suc1~4}iCgicc ~b~ ~crtifieid,. tt~. it addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate-'by native io fen er as provided herein, and
<br />(h) any native to Lender shall he given by tcniticd mail. return recc>t~Tequcsteti~to I.en;ier's~ddress stated herein or to
<br />such other address as Lrndet may designate by notice [n Hcrm,s•eeps psac9ded fierein. Any ~odce provided for in this
<br />Martgage steal! he deemed to have been glen to Borra,s•er or Lcnderwhen giycn:ipaht mannei9designated herein.
<br />15. Uniform Mortgage; Governing Law; Serecabfilitt•. Th„ fnrr•~of^mait~eage :c>mbines ~`nifarm covenants for nauunal
<br />use and non-uniform covenants with limited variauem by ;un,aiiction its Con3Nttue a uniform stcunty instrument covering
<br />teak property. This Mortgage shall be gox erred M• the low ,>I the lu u'ifGNnn-in which the Property is located. In the
<br />event that any provision or clause of this ?4fatxgage or the Nate rantlias `h`:tpQiica~!e.1>Av'. such conflict shaii not affect
<br />other provisions of this T#artgage or the Note winch can hr e~yrn ctiect ~canfiicting provision. and to this
<br />end the provisions of the Ivfartgage and the `'ate arc '-~•: tared to F,c ,rverahlr.
<br />16. Borrower's Copy. Borrower shall be fur^•,!.. :. confirmed coi>y of the Note and rat this Atongage at the time
<br />of eseartian or after re^.ordaiian boreal.
<br />l7. Trsnster of the Property; Assumption. If all ; : ,~ ;~.+rt n( the Pr,pcny ar an interest thcrcm is sold or transferred
<br />by Harrower without Lender's prior written concern. cc_hidtnt !ai the creation of a tern ar encumbrance subordinate to
<br />this Martgage, (b) the creation of a purchase mane} ,rcurtt} :incest for hausehald apphances, (cl a transfer by devise.
<br />descent or by operation of law upan the death of a ;, rot *.rnam ar
<br />Lender may, at Lender's cpuan. declare ail :hc sums sra~red by this Mortgage to bt
<br />imtrrtdiately due and payable. under shalt hays ,carved such „ptu,n to atrrirrttc ~f. prior to the salt ar transfer. Lender
<br />and the person to whom the Properp• is to be sand or transferred reach agrc-ement m ~.c nung that the credit a( such person
<br />is saris€acmry in Lender and that the irtrrest payable on rite ;um, secured h~, this M.rtgage shall he at such rate as Lender
<br />shall request. If Lrndtr has waived the option to acceiente pa+v ~ded in ih~> psra ¢roph 1?, .:nd d Borrower's successor in
<br />iniertft has executed a written assumption agrcemtnt accept.-d in ~.~. riiuig by i-ereler. !-ender ,hall release Borrower from all
<br />obligations under this Mo»gagt and the 'Pete.
<br />If Lender exercises such option [o accelerate, Lcndcr ,hair mini &>rn>srcr i,.~t ice m` acceierauan n accordance with
<br />paragraph 14 hereof. Such notice sha8 provrde a period of not i~ s =hart +9 Sac, tmn: the date the notice is nailed within
<br />which Bomwer may pay the sums declared due. If Barra.+rr fails ru ps} arch .urns poor u. the expiration of such pcrnxi
<br />Lender may, w•ithottt further notice or demand oo Borrower. ;make nay remedies ; ermite,i I>p~ paragraph t R hereof.
<br />Nov-U*nz'oRSt CoveNn;.rs. Borrower and lender further c++:en:rot and agree e> tol;ows:
<br />Ili. Arcderatiou; Rerotdies. Except as provided in paragraph i7 htrcof, npmr Borrower's breach of any covenant nr
<br />agreernenl of Borrower in this Mortgage, including the cr+s onion to pay whew due any sums secured try this Moetliagt,
<br />trader prior to aceslsratioa shall rtw8 notict to Borrovscr as prosidrd in paragraph li htrcof specifying: (11 the brtacb;
<br />¢) the action rsquirsd to care such breach; (3) a dots, nut itsn than 30 days from rite da!r the nntim is mailed to Borrower.
<br />by which such breach must be cured; and (al that failure to curt such breach r,n or before the date specified in the notice
<br />may result in accek~ration of the sums secured by this Mortgagaa, fortcbsurt by judEcurl proertd:rag aid sale of the Properly.
<br />7•hs notice shill fierAler inform Barrawer of rtes right io rcinstalt aUer acrrlcmtion and the right to assert in th¢ foreclosure
<br />proceeding the rvontxistenct of a t4fault or any ottaer defense of Borruxrr to acecleratinn turd foreclosure. if the breach
<br />is qol cared tin o[ before the dale spselHed in the notice, Ltnder tit isnder's outinn iris declare all of the Burns secured by
<br />this Mortgage fa bt immediately due and payable withum further demand and ma} forrcluse 61 judirial pn+sceding. 1.eudcr
<br />shaii be tntiUed to coNaetia Burk praceedfng alt txper..ses o` forrclosurr, including, but mq limited to, costs of dorwncntart
<br />evidence, abairacic and titk.rirpusts.
<br />79. BarroMrsr's Right to Reinstate. Naf withstanding i.ender s asse{u at n,n of the ~~~nt, sc. nerd b, thn Mo; igagc
<br />iiorrnwrr stroll stave the right to hive any Proceedings begun t+y I ender ~~~ ontot~c ;ins ',i~•;; r,.~ec n~,..~nt.n;~cJ .~. ,~„ :~ra.
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