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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums n the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, sha1F became additional
<br />indebtedness of Borrower sauced by this Mortgage. Unless Borsower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower reque-sting payment thereof. and shall hear interest from the
<br />data of disbutxment at flee rate payable from time to time on outstanding principat under the Note unless paytaent of
<br />interest at such me would be contrary to applicable law, in which evrnz such amounts shall bear interest 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 />any action hercurtder.
<br />e. Iaspettlna. Lender may make or cause to be made reasonable entries upon and inspections of The Property, provided
<br />that Lender shall give Borrower notice pttior to any such inspection specifying reasonable cause therefor related to LerdePs
<br />interest in the Property.
<br />9. Cawieraaatiott. The proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />condemnation or other caking of the Property, or part thereof, ar for conveyance in lieu of rnndemnatinn, are hereby assigned
<br />and shalt be paid to Lender.
<br />In the event of a total taking of the Property, [he prxeeds shat! be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borsower. In the event of a partial taking of the Property, unless Borrower and Linder
<br />otherwise agra in writing, there shall be applied ro 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 to 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 />If the Property is abandoned by Borrower, or if. after notice by Lender to Harrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails ;o respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collet[ and apply the proceeds, at tinder's option. either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agra in writing. any such applitatinn of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such iustaBrttents.
<br />t0. ^arrorrer Net Rekned. Extension of the nme for payment nr modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall rant eperate to release, in any manner,
<br />the liability of [he original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />prigs against such successor or refuse to extend time for payment or athenvise modify amortization of the sums
<br />setared by this Mortgage by reason of any demand made by the original Borrower and Borrower`s sucttssors in interest.
<br />11. Ferbearnee by heeler Not a Water. Any (artxarance by Lender in exercising any right or remedy hereunder, or
<br />otMrwise aRorded by applicable taw, sha[I net be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insamnce or the payment of taxes nr other liens ar charges by [xnder shall not he a waiver of Lender's
<br />right to accekntt the maturity of the indebtedness secured by this ?.torteage.
<br />li Ra~aihts CttttttdisA+e. All remedies prov[ded in this bfartgage am distinct and cumulative to any other right or
<br />remedy under this Mortgage er afforded by law or equity, and may he exercised concurrently. independently or successively
<br />13. Saetesaata alai Aaigw llaaad; Jeiinl and Severer Liabiity: Captions. The covenants and agraments herein
<br />contained shag bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisi~s of paragraph 17 hereof. All covenants and aKreements of Borrower shall he joint and several. _
<br />The captions and headings of the paragraphs of this Mortgage arc for convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />11. Natlsa• Except for any notice required under applicable law to be given in another manner, ta) any notice to
<br />Borsower provided for in this Mortgage shall be given by mailing such ounce by certified mail addressed to Borrower at
<br />the Property Address or ai such other address as Borrower may designate !+y notice to Lender as provided herein, and
<br />(b} any notice to Lender sha)I be given by ceriiircd mail, return receipt requested. to Lender's address stated harem or to
<br />such other address as Lender may designate by native to Borrower as provided herein. .4ny notice provided for in this
<br />Mortgage shag be domed to have tern given to Borrower or Lender when given in tfic manner designated herein.
<br />IS. Ustifaro Msrlp~et Ga~eraiag Ltr. SeverabiNy. This form of mortgage combines uniform covrnants far national
<br />ux aad flora-uniform covenants with limited variation€ by jurisdiction to cortatitute u uniform setunry instrument covering
<br />teal property. This Mortgage shall be governed by the law of [be jurisdicnon in which the Property is ixaied. In the
<br />event that any provisign or clause of this Mortgage nr tbe Note conflicts with applicable law, such conflict shaFl not affect
<br />other provisions of this Mortgage or the Note which can be given et7ect without [fie conflicting prevision, and to this
<br />end the provisions of ate Mortgage and the Note are declared to be severable.
<br />li Ltsasrar's Copy. Horrover shall be furnished a con#arrtxd copy of the Note and of this Mgrtgage at the time
<br />of execution or afer raondation hereof.
<br />11. Traatdee o(Me 14olert)': AawmpBon. If all or any part a# the Property or an interest therein is sold nr transferred
<br />by Borrower without Ltttder's poor written rnttsent, excluding {ai the creation of a lien ar rncumbnn.-e subordinate to
<br />this Mottsage. (b) the creation of a purchase money saucily interest for household appliarx~es, fe) a muster by devise,
<br />descent or by opettuioa of law upon the death u# a joint tenant or Id) the grant of any leasehold interest of three years or less
<br />not cortlainirtj an option to purchase, Lemier may, at Lendei s option, detiare a)I the sums secured by thin Mortgage to be
<br />immediately due acrd payable. Lender shall have waived such option to accelerate if, prior to the salt nr vatraftt, lender
<br />and the Person to wham the Property is to be sold ar transferred reach agreement in writing that tlm credit of such parson
<br />is satisfactory to Lender and that fhe intuest payablr oa tfx sunes stx.ured by !his Mortgage shall be at such rate us i.ender
<br />shag request. If Lender hu waived flee option to accelerate provided in this paragraph 17, artd if Borrower's successor in
<br />interest has eziuted a wnttm antrttrption agreement accepted in writing by Lender, Centel shall release Borrower from ail
<br />ohii~atioas irodu [Iris Mortgage and the Note.
<br />If Lewder exercises suck option to actCkrare, Lettdtr shall mael $orrowu nt3tics of actcleration in acrnrdance with
<br />pvajraQtt t# ltetegf. Such notice shtdl provide a period of [tat less ehan 30 days from the date ibe notice is mailed within
<br />wMch Borrower nuy pay cite sums dilated dru. If Harrower fails [o pay suck sums prior to the expinuon of such perod,
<br />Lender asty, without further notice or demand an Borrowar, invoke any remedies permitted by paragraph l t3 hereof.
<br />Nor:-LMtrnarr CovErt,sxrs. Borsawer and Lander turthes cover[ant and agri as follows:
<br />IR AoosisaYap ifasaaiFss. gaCgF as proviiei L PantBry- 17 levee(, upaa iarravrer'a breath of ray coveraat ar
<br />~M at.fassowar i tlis Mrs~s, iarhdtttr tie coveaaaW to pay wMa doe ray soma sectued by this Mortgage,
<br />><~iR psis M aiplssaYoa sirB foal aotYeo to >torrower as preride3 io prnttsrapi 11 hereof specityhsg: (t) tie bnachc
<br />[~ the asYaa tts~kri;ti tanstasti b-ansit i3} a lase. [tot leas Iiaa 3a Rays fray fir date the rtotke b wailed to 1Sorrowcr,
<br />tit-a'Meil ~ iseae- tarsi N casMt sal N} fiat failora to care sect bread n or before cis r1aN slsciFicd in lie notice
<br />~' rwtlt bs atwiapMM1R ei !be trews sttcrrei 6y tits Vie. farocioearc by ~itdiciai prttceediog and twk a[ tin Progeny.
<br />71tb tt~olMpr sill farsY"rs iltww ~arroxrror of tlta riilN to reiasWe aker atcebtratioa and tine rgght to avert is tie foraclotiurc
<br />Flt tlss ar~•otYSlsass ai a rltlattlt or ass ether ttafease of Oorrowec m acrelrration sad €oredosrtre. tf rte Mteat6
<br />is ail cowl oe ar before cis dais spaclpd iw sic tsatice, Ltaist u F,ztnder"e optiaa may dceiare aY of the stews secured by
<br />~ MMFBrBs M br 611rtsiltisbr ire art poyobis nilbtwt fnrlbet desaaad and may t'orcchtse by }tstliciai proceedisK. t.ettrkr
<br />situ is aaliilai k earsrs r welt psagaiisg all s:petres of (araclosure, irrtrdiag, bra aa/ ifasitad t0. coMr u[ docrweatory
<br />ariiMra. rtYdacla aai Ytls repoels.
<br />1!. ^ossaasta Aw q #MtttMale. Notwithstanding, i.errder's a;celeratian of the sums secured by thtr; Murigage,
<br />B9rrstN"et aisil leave the right tq have: any proceedings begun by Lender to cuterce [hu Mortgage discanunuul :,[ any umc
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