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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 thereon, shalt became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower zed Lender agree to other terms of payment, such
<br />amourfts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbntxrttent at the rate payable from time to time on oatstandmg principal ender the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall bear interest ae the highest rate
<br />permissible-under applicable law, Nothing contained in this paragraph 7 shalt require Lender to incur any expanse or take
<br />any action hereunder.
<br />8: 'Itppectioo: Leader may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that=Lender shall give-BtlRnwer aortae prior to any such inspection specifying reasonable cause therefor .elated to Lender's
<br />interest iitthe Property.-
<br />9: CoadnffaaNoa. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation aroiher taking of the Property, ar part thtreaf, or for conveyance in lieu of condemnation, are hereby assignal
<br />and shah 6e paid to Lender.
<br />In.the event of a total taking of the Property, the proceeds shall 6e applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid in 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 Mt:-igage such proportion of the proceeds
<br />as is equal to that proportion which tfie amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Progeny immediately prior to the date of taking, with the balance of the proceeds
<br />paid to. Borrower.
<br />If the Properly is abandoned by Borrower, or if. after notice by I~nder to Borrower that the condemnor effete to make
<br />an award or settle a claim for damages, Banower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Progeny or to the sums secured by this Mangage
<br />Unless Lender and Borrower otherwise agree in writing, am' Bach application of proceeds to principal shall not extend
<br />or postpotae the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Dertower tot Released. Extension of the t+me for pa?-inert or modification of amortization of the sums secured
<br />by dais Mortgage granted by Lender to any successor in imeresi of Borrower shall not operate to release. in any manner.
<br />the liability of the original Borraurr and Bosraw•er's successors :n interest Tender shalt not he required to commence
<br />peccxed6fgs against each successor or refatse tot extend time far payment nr otherwise modify amortization or the sums
<br />secured by this Mangage by reason of any demand made h}' tfie original 8ormwer and Borrower's successors in interest.
<br />11. Rorbpr~te by Maier Nat a Waiver. Anv forbearance be Lender in exercising any right or remedy hereunder. ar
<br />otherwise afforded by applicable law. shah nist rte a waiter of nr preclude the exercise of any such right or remedy.
<br />'life procurement of insurance or the payment of taxes nr tuber Dens .+r charges by Lender shall not he a waiver of Lender's
<br />rigfit to accelerate the maturiry of the ondebtedness seturtd by this 'sfnrteage.
<br />1L Reafeiies Caaeahtl~e. All remedies pn yidtd ;n tfeis ?.ieneage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded h}• Saw rr equtts. ~,^d alas he eyerctsed concurrently. independentic or successively.
<br />t3. Sasecessoss stead Assigns lfoaad; Joiwt and Several i.iabOlty: Captions. The covenants and agreements herein
<br />contained shah bind, and the rights hereunder shall enure to ;hc' respecuve successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. .A11 covenanu and agreements of $arrower shall be joint and several.
<br />17ae captions and headings of the paragraphs of this Aioaxgage are far canvemence only and arc not to he used to
<br />inierpm or define the provisions herrof.
<br />11. Notice. Except for any notice required under appfisablc la'; « be given m another manner. (a) am' notice to
<br />Borrower provided far in this Mortgage shall be gtytn f»' mailinc such nonce by .enified mail addressed to Borrower at
<br />the Propem• Address or at such other address ax Borrower mac destgnatr by notice to Lender as provided herein, and
<br />Cb) any notice to Lender shalt be given by certified mats, rtturn receipt requested. ro [ tinder's address stated httein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein Any notice provided for m this
<br />Mortgage shall be deemed to have 6eeaa given to Barmwer ar I ender w-hen gtvtn in the manner designated herein.
<br />15. Usdorwf Mottt:aae: Geveeaiag Law: Severabiity. This fnsrtt of morteage combines umfarr. c.>.~rnants for natinnal
<br />use and nan•utriform covenants wish limited variauans by 7arnsdictinn w ennstirute a untferm secanri instrumem covering
<br />real property. '1Tfis Mortgage shall be governed by the law of the jutisdiciton in which the Property ,~ located. !n the
<br />event that any provision or clause of this Mortgage or the ':ante canfltcts with applicable fain, such cemflic[ shah not affect
<br />other provisions of this Mortgage ar the None which can lx elver, effect witltaut the conflicting prevision. and to this
<br />erect the previsions of the Mortgage and the Note arc declared to t+e severab3e. - . -, e ,~.z~~-.y
<br />li, lonowee's Cory. Borrower shat{ he furnrshed a ccmformrd carry ai the \ate and of this:Mortga0t at the Rtrte
<br />of execution ar after recardatic'aa hcrtaf. . • _ `s
<br />17, ?uarfater el lie feapeely: Ate- if al3 ar any part of the Property ar an interest therein is snldyor transferred
<br />by Bnrrewer without Lender's prior written consent, excluding tai the creanon of a ben er encumbrance subardlnatc u?
<br />this Mortgage, {b) the creation of a purchase money security interest for hornehald appliance,. tc) a transfer by devise.
<br />descent or by operation of taw upon the death of a joint tenant or
<br />Lender may, at Lender's option, declare all the cams secured by this ivinngage to be
<br />imtaxdiatels' due and payable. Lender shelf have waived such option tr accelerate if, prior to i11e sale nr transfer. Lender
<br />and the person to whom the Property is to be said ar tr;utsterred reach agreement :n u•rittng that the credit of such person
<br />is satisfactory to Lender and that the interest payable en rite sums secured ti} this Alongage ;hall fie at s.ach rate as Lender
<br />shall regnrSt. if Leader has waived the aptian to acce3erate provided in this paragraph 17, and if Borrower's successor in
<br />interest has execatt~ a written assftmption agreement accepted in uriiing ba• 1-ender. Lender shall release Barrc:wer from all
<br />obligations under this Mozxgage sad the Note.
<br />If Lender exercises sfxh option to ac:~lerate, Lender :halt mail Borrower not+c; of s,:ekeratiun in sriardance with
<br />partgraph l~ hereof. Such ttatice shalt provide a period of not fens than 30 da}'s from the date the notice is mailed within
<br />which Horrowrr may pay the sums declared drx. if $orrouer ;ails to pa}' sts~h sums peso to the eypiration of such perio<i_
<br />Lender may, without further notice ar demand un Borrower, invoke ant remedies zurmitttd h}' paragraph 13 hereof.
<br />Nam-Ltxit-uAM COYEN~iVTS. Borrower and Lender further cnyenant and agree as follow;:
<br />Ill. Atedetrloal RNr«edks. Facepf rrs ptrovided is paragraph I? hereof, apes Borrower's trreach of any roceaant or
<br />aQtarreut d-isat-ower i• tits Mnrtgt20e, iaciadifq fit cortaarfs /o pay Khen due env sums secured by this "riwsgaRe.
<br />1:a0tlsrgtlet fo ateel4uatLn sMN alai whet fa Serrower as provided in paragrtfpb li Atreol sperifyifgC: ell fhe breach:
<br />(>:)'Iie atliate-:ar~airai W cwa a+ti isaaa:i: Cal • daN, sat lean thw 30 stays tram the dare eke notice i rnaifttl fo Borrower.
<br />i!' wild wsdrinbei.lrr~t bs eve$ sect /i) t11N iailrue ro tart sacs brtarh an or before the date sptcified in [he autlcc
<br />~ +aarrif-ia ~ctelst~ d tie :tom saeatad by file ~Irwft+r;d farcclosuce by l+rdicial procerdiag sad sale of fhe Property.
<br />Tie Halite stall tfufiet idatrw lariutrer d fhe tiOM to rtiaWate after aerdtrWMro sad fit right M assert is tie forrrlosure
<br />R fit ftates><Mttace d a.de[trlt or say allw Aefeoe of Eortower to accekratlon sad fortclmore. if the Mearh
<br />it tfp eMtt~ IM K ia/M! tie 1sfR _ia foe aptke, l trader st I.ead~'s option reify dtrlart all art the snags secured 67
<br />1iitMtrfpOtq ie isaady flirt sled Nyrfile wifioat faAirr dtaraad sect rfrv fonrttxt by judlrhd Prxtrrtdirttt. tinder
<br />siaY ie tallllati b toYttt i! wici ptateeiMg all sxpefaxs+ of foreelusure, iaehrdiaR, but out limited tn, casts of dacntnrtrbr}
<br />erfistete, a~iatr~a~cM,`, ~tatfi Mlle repasts.
<br />13. +w~av.~~n'a ~ to Rd1WY"^. Notw~ehalandmg Lendcr~e acccteraut+n oY die runts ics~ured h; the 'her ngakc.
<br />Aorraswer shall have the ~bt to have any proccesiings he,gun h} Lcttdes t++ entar:e the. tiiortgagc ,!t urinrntcd at ,:op tunC
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