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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of ail mortgage insurance premium is the
<br />`manner provided under paragraph 2 heceof.
<br />- Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. tJaless Borrower and Lender agree to ether terms of payment, such
<br />amounts shallhc-payable-upon notice from Lender to Barrowcr requesting payment thereof, and shah bear interest from the
<br />cfattof disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />inttrtst at such rate vttnuld be contrary to applicable law, in which event such amounts shall hear interest at the highest rate
<br />permissible'under applicable taw. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />8. irspeetfor. Lender may make or cause to 6e made reasonable entries upon and inspections of the Property, provided
<br />that E,tnder shall give Borrower notice prior to any such inspection specifying reasonable cause *.herefor related to Lender's
<br />interestia the Property.
<br />4. Coademnatbn. The proceeds of any award or claim for damages, direct or rnnsequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt 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 excesd. if any, paid m Borrower. in the event of a partial taking of [he Property. unhss Borrower and Lender
<br />otherwise agrce in writing, there shat! be applied m the sums secured by this Mortgage such proportion of [he proceeds
<br />as is equal [o that proportion which Fhe amount of the sums secured by this Mortgage immediately prier to the date of
<br />taping-bears in the fair market vahte of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />Tf the Property is abandoned 6y Borrower, ar if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower 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 tender's option, either to restoration or repair of the
<br />Property ar to the sums secured by this biarteage.
<br />unless Lender and Borrower otherwise agree in :criting, any such application of pracceds 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 />Bach instatlmertts.
<br />10. Borrower Nol Rekased. Extension of the time fur payment or modihcatian of amortization of the sums secured
<br />by this Mortgage granted 6y Lender to any successor ir. inttrtst of Barrowcr shall not operate to rcfease, in env manner.
<br />the liability' of [ht original Borrower and Barmwtr's successors in inrerest. tender shall not be required to commence
<br />ptocerdings against such successor ar refuse to extend time for payment nr ether.rise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made fiy the nri4inal Borrawer and Bnrmwer's successors in interest.
<br />it. Forbearance by [.coder Not a Waiver. Any farhearancc he Lender in exercising am• right or remade hereunder, or
<br />otherwise afforded by appbcable #aw, shalt oat he a waiver of or preclude the cxcrrisc Gf any such right ar remedy.
<br />The procurtmtnt of insurance ar the tmyment of taxes or other liens or charges I+v tender shalt not he a waiver of I-ender's
<br />right to accelerate the maturity of the indebttdneas ignited i,y +hn Mortgage.
<br />IZ. Remedies Cumrtlalira Al! remedies prmidcd in chi, \tortg2FC arc distinct :;nd cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr equitvY. and may he tutored concurrently, indcpcndentiy ar successively.
<br />t3. Sttecixsots and Assns Boaad; 3a;tu and Scrotal i.iabilih•; Captions The cnvrnanrs and agreements heroin
<br />eaniained shai# bind, and the rights hereunder shall inure io, the respective successors anJ assigrs of Lender znd Anrrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants anJ agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc for convapitnos.,anlg and am not to he used to
<br />interpret ar define the provisions hereaf.
<br />Id, i\olice. Except For arty notice required under appficab#e law to be given in arwthdc manner, (a) any notice to
<br />Borrowtr provided for in this Mortgage shall t>^ given by mailing such natict by certi$td maif;addressed to Borrower at
<br />the Pmpetty Address or ai such other address as Harrower may dcs~nate k+y notice to Lcndec as provided herein, and
<br />fb) any natict to Lender shalt be given by certified marl, rcttirn rcccipt~cqutsttd. to L.enJcr's-address stated herein ar to
<br />such athtr address as Lender map designate by native to Harrower as provideit -tteraiu. Any~noticc provided for in this
<br />Mnngagt shah be deemed Fa have been given 2a Borrow-er or I:eniier when given iu the manner designated herein.
<br />15. Utti[orm MoAtage; Governing taw; Sevenbi[ity. This farm a~mortgage ~ambihts uniEbrm covenants for national
<br />rise and oar.-uniform covenants with limited variaue-ns by junsdicuon tcixottsittute-a unifor'rtt,senirity instrument coverirsg
<br />real property. This Mortgage shah be governed tvy the taw of the #urtsdicir~irrin°w.ttich the Property is Iacated. In the
<br />event shai anp provision or clause of this Mortgage or the Nete cnnflicis witli~~pplieabtetaw, such conflict shall not affect
<br />ots[er previsions of this Mortgage or the Note which can fie given effect without the canlticting prewisian, and to this
<br />end the provisions of the Mortgage and the Natc arc Jtciarcd to be severable.
<br />16. Horrnser's Copy. Barrowe[ shai! tx furnished a centor:,ttd copy of the Nate and of this Mortgage at the time
<br />of extension ar after tceordafion htrcaf.
<br />1?. Trfrttsfer of tia PropeAy; Assromplion. If a#! ar any pan of the Prnptrty or an inierest therein is sold or transferred
<br />by Borznwet without Lender's prior written consent, exc!:iding tai the creation of r lien ,v encumbrance subordinate to
<br />this Mortgage. tb1 tht creation of a purchase money security :nterrst €nr hoiischa!d appliances, (cl a transfer by dtvisr.
<br />descent nr by Gperation of law upon the death of a joint tenant nr ~-
<br />- Lender may. at I.cnder'. ,~,ntµ+n. declare all the Blinn secured by this Mortgage fa he
<br />immtdiattiy due and payablt. Lender shalt have waived sii.h option is accelerate :f. prior t.. the sale or transfer. Lender
<br />and [ire persare to wham the Property is to t+e Bald ar transferred reach agrerrncnt :n writing :hat the credit nt such person
<br />is satisfactory to Lendtr and that the inttresi pavah#c on the sum. titcurltt t,y this fv9artgage spa#i be a[ such rate: as Lendtr
<br />shai[ request. tE t.trider has waived the option to accelerate provide) in this paragraph 17. aitd it Borrower'; successor in
<br />inteRtsf teas executed a writttn assumption agreement accepted in writing by Lender, lender chat! rc#east Harrower from ail
<br />abligatians under this Mortgage and the Nott.
<br />If Lett~tr txtri:ises sixh nptior, to attltratt, t.cnritr .hn#! mat! Barrowcr natict of acce#eratinn in accordance with
<br />paragraph iA hereaf. Such rtatice shai( provide a period of not less than 30 days from the date the notice is mailed within
<br />ivhech $ttrra,wtr may pay Fhe Burns declared dtic. tt Aarrnwrr faits io pay mich :tem> prior in the expiration of such period.
<br />ltndtr may, without ftuttxr notice ar demand an Aorrawtr, invoke any remedies permitted h}• paragraph I S hereof.
<br />Ntva_Uritt~oai~a Crtuett,tt.rs. Barrowcr attd Lendtr further cavrnart and agree as follows:
<br />-- tB.. Aeeaftiratian; Rentedks. Eacepl of proridcd in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />attt[ntsrF ~-:Bfsrrtrwar it ihfs Rlorrgage, ittctttdiiag the aareaatNs to pay when due airy Burns secured by this 47nrrgage,
<br />t±lewdRl ptraa fa accekrNior sitatt trait settee fo Borrawer us presided in parrq;raph 14 hereof specifying: llF the preach;
<br />(Tttlse rs#i~ow regriEtd tq ewe Breit breiiek; IJ) a dare, nn[ less that[ 3fi days train the dale the notice is mailed fo Harrower,
<br />b)' r€hich rareh htsach awe be erred; red. fat that faiirrs to clue srch•brewh ru! nr txfore the date sprcifird its the ualice
<br />tray rearp it axctlsrafits~ o(ths aaw+ stewed by this ~tort=aRa foreefasure by judicial proceeding and safe of the Propery.
<br />The stutter strdll lrsfMer htittrru Brrrawn of fie ritiq ro rcisastate after atccleratwn and the right to as3ert in Cite Foreclosure
<br />prPecsdi7t{ the rtrr-taifrtnare al a dfefart! +x any slier rtefetuir tit Barrowcr to accdtratina and fnrerJmare. If the breach
<br />is cwt crttred at a bdore the drMe specified it cis iwfice, f.ettder ar f.eiuler's nptian utay declare alt of the sum. secured by
<br />fttht.'hfr#tjais i! be irtrredtwely dw atW payable without turfhtr demai[d mid ma} rbreclusr by judicial pr[xcedlrtrt• fender
<br />shalt 6e entilkd to sulker in such priacssdit(t ail tsysasn, at foreciusare, itwtudia>b. but not limited ta, casts i:t dw:umcnrary
<br />eridttrtcs, abfrasls.ardrirk [cpisrp.
<br />14. trtrawa~a. Risi1 to Reinstate, Iw'oiwi[hstandiitg l rndef's m.rlyrat a+u .rt the .tints +e~tireil by this M.+rtgagr.
<br />Bo[rawz[ Shari haYt the TighF tG hart any picrcetdiftg5 lKgUn kt} # enJc'i E~. i; l5rafi t: titre St art,; :ge Jtstantir,i:i'.i .tl .t it flute
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