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<br />Lender's w-itten agreement or applicable taw. Borsowtr shall pay the amount of aI! mortgage insurance premiums in the
<br />mamrar provided under paragraph 2 hereof.
<br />Arty ama:nts d'nburxed by Lender pursuant to thix paragraph 7, with interest thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
<br />amounts shall Ira payaftk upon aorice from Lender to Borrower requesting 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 suefi rate would lie contrary to applicable Faw, in which event such amounts shad bear interest at the highest rate
<br />permfsdbte under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any ezpettse or take
<br />any action hereunder,
<br />& IMraeKae. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reuoaabie cause therefor related to Lender's
<br />intereetin the Property.
<br />9: Cedsrrrrtatloe. The proceeds of any award or claim for damages, direct ar consequential, in connection with any
<br />candarsnation ar other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />to 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. Zn the event of a partiaF taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, them shall be applied to 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 [his Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Propem, 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 natitt 6y Lender to Borrower that the condemnor offers to mate
<br />an award or settle a claim for damages. Borrower fans .o respond to Lander within 30 days after the date such notice is
<br />mailed. Lender is authaiaed to collect artd apply the proceeds, at Lender's option, either to rtxroratlon or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Utrless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpox the due date of the taonthty iretatlmmts referred to in paragraphs i and ?hereof or change the amount of
<br />such inataliments.
<br />li. Masewer ?Vet lf<ekaaal Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lettdsr to any successor in inrertst of Borrower shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. tender shall net be required to commence
<br />proceedings againrt such successor or refuse to extend trme for payment or othervise modiry amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />11. Faeiaaeaaee y Larder Not a Wsner. .Any fethearance by Lender in exercising any right or remedy hereunder, or
<br />-'tltystw rt!!t1"bg'A tpble law. shall na: !te a waiver of or pmlude the ecercise of any such right or remedy.
<br />''"7'k!"j~e~tlrsmeAt~ot tt or the payment of taxes or ocher liens or charges by Lender shall not lie a waiver of Lender's
<br />tilptt to;aerrate the matitcity 7f the indebtedness secured by this Mortgage.
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<br />_ ~=~,i' ~tai~ ~i~dat, ;;ff remedies prav+ded in this Mortgage art distinct and cumulative to any other right ar
<br />rtnitedy under this Mortgage or atTorded by !aw or equtty. and mat be exercised concurrently. independently or succeuively.
<br />I1. yateeestaxs aM Aasipa Mud; Jeiar wad Several l.iahr7ity; Captfom. The covenants and agreements herein
<br />rnotaioed shall bind, and the rights hereunder shall muse to. the rupective sacecssors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph F' `retool. AFI covenants and agmments of Borrower shall be joini and several.
<br />The captions wad headings of the pangzaphs of this Mortgage are for convenierree only and are not to he used to
<br />interpret or define the provisions hereof.
<br />I4. ~itUct. Eccept for way notice required under applicable law to be given rn another spanner. (al any notice to
<br />Horeawer provided for ;n this Mottpge shall be given by mailing such notice by certified mai3 addressed to 8orsower at
<br />the Property Addles: or at such outer address as 13ormwer may daignaxe by notice to Lender as provided herein, and
<br />(b} any notice to Lender shag be given by ttrtified mail. return meipt requested. to Lenders address stated herein or to
<br />such other address as Cootie may designate by nonce to Eorrower as provided herein. .any ^otitt provided for in this
<br />3lartp{e shatl be deemed to have been given ro Borrower or tender when given in the mamrcr designated herein.
<br />IS. Lrt+ffenr Merlptge: Goweratistg Law: Se•eraYBMy This form of mongsge combines unifor.n coverants for nationaF
<br />use and ttoaurtifarm covenarts with limited t~arisuons by iunsdictian to cotmtttute a uniform securty instrument covering
<br />real property. This Mortgage s:'u1l be governed by the law of the yurisdicuon +^ which the Property a located. In the
<br />event ihu any ptovi<ion or clouts of this Mortgage or the Note conflicts with applicablt Saw. ;uch conflict shall na a$ect
<br />abet provisions of this Mangat;e or the Vote whrctt can be given elect without the conflicting provision. wad to this
<br />end the provisions of the Mortgage and the '~orc are dtcisred to he severable.
<br />Ill. flurswera Cagy. Borrower shad bt ;-sraished a ~°armed Dopy of rht :`late and of this ~3ertgage at the r;mt
<br />of exetutfon or after ttcordatias hereof.
<br />!7. 'IYa~ar of the ~T If air, or any put of the Property er an tr_terest thetsin ss sold or transferred
<br />by Borroo?et without Larder`s poor wtitttn cattscne, excludit~ tai the creation of a !ten or rncumbrance subordinate to
<br />this IMortpie. {b) the creation of a purchase mxrey security :pretest for houxhoFd appliances, ~cl a aansfer by devise.
<br />descent ar by aperatioa of Faw ugorr the death cf a io+nt tenant of ;tit the gram of any leasthald interest ei three years ar less
<br />oat contauriat an option to purchase. Leader maY• ~ Lehr s option, declare ail the sums recured by this !vortgage to be
<br />itomadiately due and payable. Lends shall bout valved such apttort to acuferate vi. prior to the sate or r*znater. Lender
<br />oral the person to wham the Property is to Fro soht or *.ransfetttd reach ag<ncemtnt to venting that the crtr' f such txtson
<br />is sarofactory to Colada anti that tits :nitrest payebie on the sums secured by !his ttortgagt shah be at , .race as Lender
<br />5afall rsq[rest if l.euder has waived tlu opticm to accelerate provided in this paragraph F7 and ti Born act's succeswr in
<br />iAtereal has executed a wiittat assttmpam agreement acxpxd in writing by ttmier, Lender s::aii reieast Borrower ttcxn wit
<br />obfija[iom under this Mort;agt and the Nate.
<br />If Letrder exercises sttclt option to asxsleraze. Lender shall mail Barrowtr potter ei acctierauan in accordance wtrh
<br />pars;rap3t F.f. ?rtttof. Such tuuice shall pruv+de a period of sot less than ?0 days from :ne date the notice is maiitd within
<br />which Borrower tnay pay the-sums doctored due- If Borrower fails to pay such sums peer to the txpirauon ai such per:cd.
<br />Caplet rtiay, without furthsr notice- c5r ~:tmatsd err 3arrawtr. wake a sztrcd=z; ~rmattr,: ^. drag; aph ? R hereof.
<br />Mats-lit~tsWast GovE:v,w~s. Borrower artd Lender fuahtr covenant and agrtt as foi;ows:
<br />IL Arnlrptiar. Reaeiiss. Fscspt as presided is paraQrafb IZ hsrsef, upon Eorrower's brgch of any covenant ur
<br />{ a[ Larrowar-fat leis litalgags, i»clrrdfe{ the covenants to pay xitn due any auras ssetared by thw ~forrgage,
<br />la~iar f~ ~ acsairapfae tif~ gall aotftt to lorrower ~ proridsd is pan{raph 14 hereof specifying; Ili nc~ brwaeir.
<br />/he KKM ++Mf!l~ m erne aniclr IKeacY; ;~! a date, not has tha=n JU days from the dots tits mMice Is maiisd to Harrower,
<br />h1-wfliai tsrt-i< Mash ys¢ lse cwe~ wad t3) ttrat faiiurt to cure such breach on ur helots the date speci&ed io the notice
<br />reg twill fa 7CCailrtpi9tr of tits sw~as ;stared br this tk+rrgtrgs, farealourrs by jadfciaf procwsdUrg and sale of the Property.
<br />TIN Mllca siaN fwsYer bfarrra Mcrowu of tits right to reiasttae allot aecrieration and the right fa assert iu the farrdasurt
<br />tilt aaa-txtlWawzs of y Bafsrdf. sr arty vilrsr rlsfesse of Bormwst ro acrekratiur; and fnrtcluaure. !f the breach
<br />is pat eftred nlr of Aafora rile dMa rgmeihsd in the. notice. Lt:'nder at Ltnder`s aptivn ma} da-alas ail of t#s sums xcurtst 6r
<br />fCNltt~a(S;ate MtintrldiMptly ritnr-acrd payaisle witboa! farther aernand and nu± furtrcbst by judkfai prru-cerdlttg. Lender
<br />sWl.fae ssrWlsd W.roWs1 is ttrelr proexsdiepS alt cxpertt;ts of larnfosurt, irttiudfrrq. but rest Finritsd ta, casts of ducumtntary
<br />iwfdasKe. 3flairaeta wad tide teperta,
<br />~1~ lastrllwefr2s Ri~Jrt to YRe~slale. tiatsrahr~rtding t_endtr s ., ca`eratron of ;hc ,~tnz =.tcn:ed ho tl..nfa~,c
<br />#orrower snail lhave the rfxfit to ;roux any gr~ttdui+s '.x:g;:n ny F.rnder t. ..,,:xEe thrs .iuttgat;e ,!;A..;nt,nu,u ~. t ~...~
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