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<br />Leader`s written agreement or applicable iaw. Borrower shall pay the amoum of all mortgage insurance premiums in rite
<br />manner pYOVided under paragraph 2 hereof.
<br />Arty amounts distntrsed by Lender pursuant to this paragraph 7, with imeresi thereon, shall become additions!
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agt•ce to other terms of payment, such
<br />attsounts ahaN~ be payable upon ttotice from Gender to $orrower requesting payment thereof, and shall hear intetzst from the
<br />data'of dmlmraerrtent at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest: atsuch rate would be contrary to applicable iaw, in which event such amounts shall bear interest at the highest rate
<br />permissible under appNcabM law. Nothing contattred in this paragraph 7 shall require Lender to incur any expense or take
<br />apq actitm heteuader.
<br />8: latipeellq. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shah-give Borrower notice prior to any such inspection specifying reasonable cause therefor related to [_ender's
<br />interest in the Property,
<br />9. Carieatrrtlaw. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />t:ondemrtatiaa or other taking of the Property, or part thereof, or far conveyance in ficu of condemnation, are hereby assigned
<br />and shall'be paid to Lender.
<br />In the event of a total 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. Tn the event of a partial faking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shalt be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />w is equal fo 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 vahte of the Property immediately prior to the date of taking, with the ba}ante of the proceeds
<br />prid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after nonce by Lender ro Borrower that the condemnor offers to make
<br />an award err settle a claim for damages, Borrower fails to respond to Lender witt•tn 30 days after the date such natice is
<br />mailed. Lender is ataltorited to collect and apply the proceeds, at Ixnds's option, either to restoration or repair of the
<br />Property or to the elms scarred by this Mortgage.
<br />Unless Lender and Borrower otherwise ~rree in writing, any such application of pcnceeds 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 inttaNments;
<br />2ti. )trrssner 1Wt litsinaed. Extension of the time far payment or modification of amartizatton of the sums secured
<br />by Yhis Mottga~e granted by Lentler to any successor in interest of $orrower shah oat operate to release. in any manner,
<br />the 1rability of the original Borrower and Borrower's successors in interest.. [.ender shall nest he required to comntenw
<br />protxedines a;aitut such successor or refttse to extend time for payment or otherwise modify amortization of *.he sums
<br />seeared by [hes Mortgage by reason of any demand made by the original Borrower and Barrawer's snccessors in interest.
<br />11. Fatiaaraace Air leerily Not • Wadver, Any forbeacanre by tender in exercising env right or remedy hereunder, or
<br />otherwise afforded by appticable law. shah not he a waiver of or preclude the exercise of env such right or remedy.
<br />The procuttertertt of insurance ar the payment of taxes err other flea; ar charges by Lender shalt not t?e a waiver of L.ender's
<br />right to accelerate the maturity of the indebtedness secuttd by this Aortgage_
<br />1L RetaeaBa CrmrlWse. AN remedies provided in this Mortgage are distinct and cumulative to any other right er
<br />remedy node this Mcutgage or afforded by taw err equity. and ma7 rte exercised concurrently, independently or successively.
<br />13• Saeeet.an art Aas~as fared: 7ttiri cud Severest Ciabiikyt Cttprbrs. TTte covenants and agreements herein
<br />contained abaN bind, and the righa hereunder shalt inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph i7 hereof. All covenants an•i agreements of Bormw•er shat! be !Dint and several.
<br />The ctptiom and headings of the paragraphs of this Mortgage are for cttnventence Daly and are not to he used to
<br />interpreE nr define the provisions ttereoL
<br />/~. lsialftt. F,tttaept for any natice rsquirtd under apptieabie iaw to be grven m another manner, test any notice to
<br />Bo: rower provided ftx in this Mortgage shah bt given by mailing such notice by ~ertn9ed matt addressed to $orrower at
<br />the Property Address or ai such other address as Borrower may designate tsy notice to !.ender as provided herein, and
<br />(trl any rmtitt to Lender shall be given by certified mail, return receipt rcgttested. to i..endeis address stated herein or to
<br />such other address as Leeds may Qesigaaer by notice to Borrower as provided herein. Any natice psvided far in this
<br />Mortgage shall be deterred to have been given to Borrows err Lender when given in the manner dtstgnated herein.
<br />15. Lhtiflana MttAgagc; Gaverwirg Law[ Stvesriiity. This [Deco of mortgage combines uniform covenants for national
<br />test and two-uniform covenants with 3imited variations hp iurisdution to constitute a uniform security instrument covering
<br />ttal propery. 71tis Mortgage shah be governed t+y the !aw eF the jurisdictton is which the Property is located. In the
<br />event that any provision err clause of this Mart{tage or the Natc conflicts loth sopiicable iaw, such conflict shat) oat aifest
<br />other protrisitttts ~ this MotTgagl er the Neu wha:h can be gtven etlect witttaut the ean8iaing pmvisian. anti to this
<br />cad the proyisiarts of the Mttr[gage std the gate are declared zo be sevsaMe_
<br />li. larstnssr's T.aR}. Borrower shall rte furnished a canfornted copy of the Note and of this Mortgage at the time
<br />oC execution err esker recordation hereof.
<br />IT. 'llaasNeat' Me Ttn~st}; Aa~a If al[ err any part of [tot Ptopertp or an interest therein is said or transferred
<br />by FWrussaer without Lender's prior written cottxeot, exetttding ta> the creation of a {ten or urcumbrattce Subordinate to
<br />ibis Mortg~, tbl the creation o(a pttmhase rtsotteY saurity tnterest far hotrsr7toid appliances, tc} a transfer by devise.
<br />dasetet of b?' aperatioo of law upon the detitth of a joint torrent or {dl iht grant of any feasehoid interest of three Yeats or less
<br />trot cotttaiur~sag an optim to putcbaae, Letstier may, at Leader's c=Ptaon, dadare a!i the sutras secured try this Mortgage to tx
<br />retnedi#tely due ltd p~ayabk. Lender shah have sr-awed stteh option tD ati~eterate if, prior to the s:+ie or tratsfer, i..ertd~er
<br />aeJ the pecaon to whom the property is ro be tootd or transferred react agrerrrtent in writing that the cre:fit rf such person
<br />h srdsfactoiy to Lender and that rite interest payable on the stems secured by this Mortgage shun be at su~tt eau as Lender
<br />shtiN tygtrtst, If Lcrder has waived tree option -ter accelerate provided in this paragraph 17, and if Borrower's suet essur in
<br />iplpteit has ettscwed a written aartntptian aYrelwent accepted in wetting by I.:r:tsder, Lendw shall release Borrower front al!
<br />obltgttiora under this Mongags cad the Nee.
<br />I€ Lladew• ettereitas such option to accelerate, Letrder shall mail Barmwer notttY of aCCeteraiion in accordance with
<br />ptrrafitaph I# Yterectf. 'lttclt rrotite shall provide a period of trot less than 3fl days from tree date ttu txttice is mailed within
<br />witch 8prmwer may gay the sums declared dirt;.. If Borzower fairs ro pay such sums pricer to the expiration of such period,
<br />Linder may, withswt feather aaiee err demand an Barmwer, tnvake any retrxdies permitted by paragraph 1 R het'enf.
<br />Ncrpt-LIrYt'qut CoviRntaa-rtes. Bwrawet std I..ender further eovcnam and agrce as ioilow-:
<br />~'i llii[asiis. Btayr m pa-viird b gwrapa~it 13 isrsaf, epee Mrrowu`s brwci rt say rorerwt a
<br />stl' 1Nsrawar is flit ~+MM+ irseMiittB .tit roveaaatt to pay wiaa dot[ any arrtrs txrirted by tits Margage,
<br />laslllltf /pMt M act,~ygei sisti Barg ratio ro larrawer m prosidd in paragaaphs i• Tasreaf gscltytrtg: {it tits brsac-:
<br />(#} ila,ttiYsr tta~ttYit M caw tree! iarreit i31 a iYS, teat lrs tiaa 7Y days fret cis date tie wlirc is trailed as lilerrawer,
<br />ltl ~itliii +at~.rirat! aM/ M rani! era/ ter) dtrt faiire ao errs. tarsi breach oa or Irsirrc t4 date sperifisd in cis riNirc
<br />trtBi nil i~weMtgysa o< tMa•otaa tiserrai lh' this + fatregbwrs iT t>~tiedisM[ std ask of ties Prrprtty.
<br />'lam It~p1i !tiltl~ 11~111iK 7tijlps~t ~rsaYw•a a[ tYs, zirht is tsiusiats a1Mr acrderaiisr aaMi lire tight tp avert it the torncWerrs
<br />Hitt wMtdranpe ere r deftrft er ary Drier drlrass at rarruwer tr acreiesatiaa sad fsreckews. if cis breech
<br />tls alt ttitad rtrg at Yt~spa ~e tlwlt aarclBM i tfw wike. I.ettiar st I.erder'a srptisa tmry tlerlarc aq of cis sows serried by
<br />Iiii gltwttt>Mt w 4 irtwtiitr4tQ die ant gw)~Mt wltitart fernier dsraaatt sad way tdrecisss 6y jtrticial irracesdirg. [. ender
<br />+Ma1l M a~ta/at Aitr setBeG ~ wlsi ~ saperas apt igredewra iaclts+~tg, in set Uatked tw casts of doratrcrtary
<br />~: ttMtraai art tltiasggttc.
<br />If. 1~ ~ K dais,, IroYwitlsaYturding Leudrt's tEC;:cirrauan of tine stuns secured hl. this ~fartgagc.
<br />BpLtpwE[. shall haul the tl~t to have any Prtatetdicttgs txYun by 1. v_ndrr us rr:Ytucc this 'titortg;tge discuntintaad at ~.nl unx
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