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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of alt mortgage insurance premirms in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrower soured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shalt 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 tie contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />6. Ista~ectfo^. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />Chat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause Therefor related to Lender's
<br />interest in the Property.
<br />9. CoMentrttttioa. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lender.
<br />In the event of a total caking of the Property, the proceeds shall be applied to the sums secured by this Mortgage_
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agreL in writing, there shalt be applied ro 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 this Mortgage immediately prior to the date of
<br />taking bears to [he fair muket value of the Propeav immediately prior to the date of taking, with the balance of the ptacads
<br />paid to 1Bormwer.
<br />If the Property is abandoned by Borrower, or if, after notice by Len.'.r to Borrower that the condemnor alien to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days abet the date such notice is
<br />mailed, Lender is authotittd to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agra in writing, am' such application of procads to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and Z hereof or change the amount of
<br />such installments.
<br />10. ~aerower Not Rekred. Extension of the nme for payment or modification of amortization of the sums se^ured
<br />by [his Mortgage granted by Lender to any successor m interest of Borrower shall oat operate to release, in any manner,
<br />[ho liability of the original BOrtower and Borrower's succexsors in interest. Lender shall not be required to camrtnnce
<br />proceedings against such sucttasor or refuse to extend time far payment or otherwise modify amortiratian of the soma
<br />secured by this Mortgage by reason of any demand made by •he original Borrower and Borrower's successors in interest.
<br />tf. Feetiearaatce d9 Lefler Not a Waiver. Any forbearnnce M~ [_ender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of am' such right or remedy.
<br />The procurement of insurance or the payment of taxes err other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the rnaturiry of the indebtedness secured by this Mortgage.
<br />12. Reweiita Cs^^Wivt. All remedies pmvtded in this Mortgage are distinct and cumulative to any other right err
<br />remedy under this Mortgage or afforded by law or equity. and may F+e exercised concurrently, independently or successively.
<br />13. S~ecesera atad Assig^s Eo^ttd; Joiwt tatad $eweral I.iati7ity; Captious. The covenants and agreements herein
<br />tbntairted shall bind, and the rights hereunder shall inure ter, the respective successors and assigns of Lender and Borrower,
<br />subject to iht provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall Fx joint and several.
<br />The caption and headings of the paragraphs of this Mortgage are for convenience only and are not to ere used to
<br />interpret or define the provisions hetmf.
<br />U. Notice. Exttpi for any notice required under applicable law r be given in another manner, fa) any notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by novice to Lender as provided herein, and
<br />(b) any nMice to Lender shelf I+e given 6y certified mail, return receipt requested, to Lenders address stated herein or to
<br />such ntlter address as Lender may designate by notice to Borrower as provided herein. .4ny nat'_e provided for in this
<br />Mortgage shalt be deemed to have ban given to Borrower or Ixnder when giwen in the manner designated herein.
<br />13. U^if^r~ MatAgttge; GoverstitaR Law; Sevetabilty. This form of mortgage combitra uniform covenants for national
<br />rue and tton-uniform trovenants with limited variations by jurisdiction to comtitute a uniform secunty instrument coveting
<br />teal property. This Mortgago shall be governed by the 4aw of the jurisdiction in which the Property is located. In the
<br />evm# that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other previsions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end th provision of tMt Mortgage and the Note are declared to tie uverable.
<br />li. lar:owds Copy. Borrower shall be furnished a conformed cuing of the Note and of this Mortgage a*. *.he time
<br />of execution or after recordation hereof.
<br />17. Ttat^rier a( Zile lrMerty; Atnrr•Paiow, If all err any part of the Arapem• or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding ter) tae creation of a lien of encumbrance subordinate to
<br />this Mortgage, tb) the creation of a purchase money security intertct far household appliances, tc) a transfer by devise,
<br />drscwrt or by operation of law upon the death of a joint tenant or idl rho grant of any leasehold interest of three years or less
<br />not tw^taiaing ati option to purchase, Lender may, at Lender's option. declare alt the sums secured by this Morigage to tx
<br />itamedialely due and payable. Lender shat! have waved such option to accelerate if, prior to the sale cr transfer. Lender
<br />std the person to w6a~t She Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satidsetory to Lender and Thai the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall tegttest. tf Lender liar waived the option to accelerate provided in ibis paragraph tT, and if Borrower's successor in
<br />iateaast has executed a written asstttnptian agreement accepted in writing by Lender, Ixnder shalt release Borrower from all
<br />obliyttions ruder this Mortgage and the Nate.
<br />If I.eatdcr exemiaes such option to accelerate, Lender shall mail Borrower notice of acceteradon in accordance with
<br />para~aph I4 hereof. Such Holier shalt provide a period of not less than 30 days from the date the notice is mailed within
<br />which 7orrower may pay the scans deciued due. [f Borrower fails to pay such sums prior to the expiration of such period.
<br />Crider tgay, without further notice or demand en Bwrowor, invoke auy remedies permitted by paragraph ] S hereof.
<br />Holt-Urltt~w#.t GOVEriAN1Tl. ]Innower and Lauder further covenant and agree as follows:
<br />It AceaYra/1M: Restsdila. Fsapl as provides i^ ptttagrapY IT tiaceof, upoa 11{errower"s Irreacti of any covastaal or
<br />agweria^t of laarowar i his ti!<orWge: i^eirsdi^g ttie eove^a^ts to pay Ntie^ d^e a^y saws aecttred by this Martgrge,
<br />L~isr pdsr Y aeosiaeatle^ sitd ^taB sraYn to IMrroartr as provided is pangrapti 1• tiereof specifyi^g: (l) Itit brcat:b:
<br />(Ij fttl tWieta sMeit^/ M stns a^tY tiepcti: {3) a date, not leas tiw 30 days thaw ttie dre the notice b ^uBcd to Isormwer,
<br />iy ittfie~a~ti tipt^tti,sa^ef tis ettae~ at^d {<) etaat fsil^re to cote aacti breach oa a before ttie date specfSed le the notice
<br />t~ 1eMtY N ^edMtMiM at tM a^t^t sec^tad by ttiYt Mwtgage, foreeles^re by jadieW proceedn^g std aair o[ the Property.
<br />7fctNlice s4t~ Mtier i^fan^ llrwaer of 4a right to rci^state after acceleralioa ,cad ttae ri;tit w aaaen is the foreclneore
<br />1+~+t~t ere ^e.sairuwx at ^ dtt6^N err r^y ottier defsatae of ^orroxer ra accekratioa std ftatecialaae. a the Meacb
<br />I,..r etw~ ~o^ at Inr.,s !tie acre ~~ i. itie ttotiee, Lewder at Ix^der's opioa ma,• deci^re aB of the allow aeeurcd by
<br />cwt lftealgt+e r.-tie ia.nadi^aiy dtre awl p^yatik wlriotwt rwrltier dewed ^wa war forccioee by jtdicial proceednwg. [.e+aier
<br />nti^r M swilNed 1^ caters tie a^cl FeeresilatR aY eape^sec of fececbswe, i^citrdbag, bxt not IiwtYed to, colds of docoaaaatarr
<br />svWwcw, tinlpcls wli Ltl/ newts.
<br />~. l/craaw,tlw'! ~ M 1Rei^si^Is. No#wi!hatanding Caudate accelaratit>n of the runts secured by this Mortgage,
<br />Bortorrar ttiall have ttie right to have any proceedings begun, try Lender to enforce this Mungagc dixconunued at an} time
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