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<br />Lender's written agreement or applicable taw. 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. shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other tetras of payment, such
<br />amounts shall be payable upon notice from Lender to Harrower requesting pasm+ent thereof, and shaft bear interest from the
<br />date of disbursement at the rate payable from time to time an outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary io applicable taw. in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nathiag contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />$. ittwpecHon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat] give Borrower notice prior to any' such inspection specifying reasonable cease therefor related fo Lender's
<br />inMresi in the Property.
<br />9. CoedetnnaHon. The proceeds of any award ar claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, n: for conveyance in lieu 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 shalt be applied to the sums secured by this Mortgage.
<br />with the excess, if an}', paid to Borrower. in the evem of a partial taking of the Property, unless Borrower and Lertder
<br />otherwise agree ir: writing there shall he applied ro the ;urns secured by this Mortgaee such proportion of the proceeds
<br />as is equal to that proportion which the amount of the st:ms secured by this Mortgage immediately. prior to the date of
<br />taking bears to the fair market value of the Pmpem• 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 Aorrower that the condemnor offers [o make
<br />an award or settle a claim for damages. Bnrrawer 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. ae Lender's c pt. m. either to resiorafion or repair of the
<br />Property or to the sums secured by this Mortgaee-
<br />Ilnless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and '_ hereof or change the amount of
<br />such installments.
<br />10. 1orrower Not Released. Extension of the ume• for pavmem or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any suececcar in interest of Bnrrawer shall oat operate to release. in any manner.
<br />the liability of the ordinal Borrower and Bortawer`s successors m interest Lender shaii not be reynirc'd to comtrattce
<br />proceedings against such successor ar refuse to extend ume for payment ar otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made h. nc~ original Bnrrawer and Borrower's successor in interest.
<br />il. Farbnearce by Lender Not a Waiver. .4ny forbearance by Lender in exercising any right nr remedy hereunder, or
<br />otherwise affntded i+y applicable.law. shall not tx a wan`tr +~f nr preclude the exercise of any such right or remedy.
<br />The procut'ermM of insurance :the payment of races or other Lens or charges by Lender chat] oat be a waiver of Lender's
<br />right to acceletatr-the tnalntjtr of the indtbtednetis seutred 6. this Mortgage.
<br />I2. Reetetbes Cetu6lfre. A~ii remedies prnv+ded ra this '.{ongage are distinct and cumulative to am other right or
<br />remedy under this Mortgage or afforded by taw or equity, and may t,e exercised rnncurrently, independently er successively-
<br />]3. 5aceessors attd Assigns Botmd: Ininl and Several Liahilitp; Captions. The covenants and agreements herein
<br />contained shalt bind. and the rights hereunder shall rmtre m, the mapecn.•t successors and assigns of Lender and Borrower,
<br />subieM to the previsions of paragraph 17 hereof All crn•enants anti agreements of Borrower shall be joint and several.
<br />The cap[sons and heaclings of the garagraphs of this Mortgage are for convenience only sod are oat ro he used to
<br />interpret or define the gravisians hereof.
<br />IL Notice. 5xcepi for any notice required under applicable law to be given m another manner. fa) any notice to
<br />Borrower provided for in this Mortgage shalt t~ given by mailing such i..xrct by cert,fied mail addressed to Borrower at
<br />the Property Address nr at such other address as Harrower may designate by no{ace to f ender as gmvided herein, and
<br />(b) any notice to Lender sltaH be liven by ccritried mail, return receipt requested. to Lender's address stated herein or to
<br />such other address <s t,.evder may designate by notice to Borrower as prnvrdcal herein. Atrv notice provided for in this
<br />Mortgage shaft be dcemed to has•c been given tc Bomawer or 1 ender when green in the manner d*sigaated herein.
<br />15, Ueittma Nttrtgake: Gtlvernn[[; l.aw: $everahiltN~. This. farm of mortgage combines unifornx _-<~venan[s far nafinnai
<br />use and non-uniform covenants with limited variations by 7urrsdretion to constitute a umfotrt secunn' instrument coveting
<br />real property. This Mortgage shall be governed by the taw of the jurixdictran ;n which the Property is Icxattd. In the
<br />event thai any prnvisinn ar clause of this Mortgage ~,r the Note conflicts with applicable law. such conflict shalt not affect
<br />other prnvisians of this Mortgage nr the 'vale which .;an be green ttltct without the cantlicting provision, and fo this
<br />end the orovisions of the Rortgage and the Note are 3eclared to }x severable.
<br />lti, lerroteer'st Co~v. Borrower shall be frrrmshsd a conformed copy afi the Note and of this Mortgage at the time
<br />of etteeutiov m otter recordation hereof.
<br />t7. Ttraatter of the P+opeAy; Arattttnplieu. 1f ad'. er aas par! of the Fmpem• ar an interest therein is said ar transferred
<br />by Hortower without Lender's prior wriven consent. txrtuding tai the creation of a lien or encumbrance subordinate to
<br />this trtorigage. (bj the creation of a purchase mane}• securit}~ tnrertsi far hausehnid appliances, rc3 a transfer by devise.
<br />dt:scettt ar Iw operation of law upon the death at a jatnt servant nr idr the gram of any teasthoid interest of three year or less
<br />floc comaining an option to purchase. Lender may, at Lender's opuan, declare all the sums seared by this Mortgage to bt
<br />itnatediaiely due attd payable. Lender shall bout uafvtd such ophan to accelerate if. prior to the salt ar transfer, tender
<br />and tfu petsan to whom tht Property is to be sold or transferred reach agreement in writuxg that the credit of wch parson
<br />issat~tuinr}• to Lavdez atsd that the interest payable en the sums secured h} this Martgagt shalt he at such rate as Lender
<br />shalt request. If Ixttder has waived iht option to accelerate provided in this paragraph :7. and +f t3nrrvwer's successor in
<br />interest has executed a written assuntptian agreement accepted in writing by Ixnder. Lender shad release Borrower from all
<br />obligations k.der thss Mortgage attd the Note.
<br />If Ltttder txttcises st~h option io accelerate, Lender sttsll mail Borrower noucr of accelcratian in accordance with
<br />partx$raph 14 hercv#. Sttelt notice shaf3 providt a period e.# not less than 30 day: tram ttre date tht potter is mailed u•ithm
<br />whielt ]lorrawcr may pay flu sums dtxlared due. if Bnrrawer faits ra pay such Burns prior to tht expiration of xuch perre-+d,
<br />Le-ndcr may. withextt fsrt<hee t+oticc nr sk~ittand on Berrauer. avo~ake any remedies ptrmrtted by paragraph t 8 htreaf.
<br />NtMwi3+rtFOrrt,t C.ovexA!.7s. 13otrower amt i. rnder further covtvant and agree as faliaws:
<br />114 Atesl Rnaarlaa Fstxft ~ prav'itid io paragraph 1' hereof, ttptta Borrower's breaetr of any roventtef or
<br />~ al larrerrar is tYia MorlKa$t, iarfuiia$ itrr carenaals to pay whee doe any sattts secured by thin !Norlts$e.
<br />Faytiee lsYr 4 atrtettttraNaa sirM wait eutko re ierruwsr eta prevtdtd ie paragraph 14 he:rot specifyl~: ! q the arearb:
<br />(3)~ acYarttspttttail Mcurs weir hrtueh: t3) a date, eM lean thae 36 dare tretn tttc dale tttt ttntict is mailed to Eotrewer,
<br />tq ariie- Bach MtMCh ttrtit tw cwtit aeti li- that tttilwe to scare sucb Irsrai tla or Itefere the date speciAcd io the eotke
<br />Maas ttw11 ire ameMWiee d nc~ rotes notelet try thin !NarlpRe, fnrectorure i:) judicial pntceedittR, and saic tlf the Property.
<br />'llls,atttWx ttW 6drhee i~t«. derwwa rtl fire riltht to reieWate dttr xederaiiat aad the right to assert in the fort:alorure
<br />)lrtrrsNhrE tYtt aaa~eidrireee al a defattit sr coy other defetale of Serrewer to asv~ete»Nioa and forceMsttrc. If rite breach
<br />to Mf client ere a ]]riper ~s tlttas spttifetf ie the entice, Letrtler at I.etrtier's n~tirur may deriare all of ttrr slant srtatsd M
<br />wy,111ut N 4 iarlatNiaWy tMt arts payable wittheut farther dtwed anti nwy fttrectose by jttdici~ precet:dtrtR. C.etadrr
<br />aWF4 ettllWi ar csibt! i• wch prerrettiltR a$ rxpereas of foreclosure, ieclriYrll, bet trot IiwNed to, cwrs c# ducutturetary
<br />evtiaeae, slMracb act title r'sparla
<br />tit. ]tMrywrrr'f ~ N lefaalate, Atotwithstandtng t.tndcr~s acrc:rtaunn of the stmxs ,toured by tbs. Martgatts•-
<br />Burrtawsr atoll] have the r~![t 4iv have any pr;:xttdirtgts lxgun by 1 ender t., enforce this ',iartgage discont~nu_d a; arcs time
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