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<br />Leader's written agreement or applicable law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed 6y Lender pursuant to this paragraph 7, with interest thereon, shat) bu-ome additional
<br />indebtedness of Borrower secured by this Mortgage. IJnless Borrower and Lender agree to other terms of payment, such
<br />amounts shall 6e payable upon notice from Lander to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disburstanent at the rats payable from time to time on outstanding principal tmder the Note unless payment of
<br />interest aCsuch rate would 6e contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />ptnmisaibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />s. Iea~eeUea. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall givt Borrower notice prior to any such inspection specifying reasonable causr, therefor related to Lender's
<br />inlcrest in the Property.
<br />4. CoMeleestioe. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />odndemnation or other taking of the Property, or part thereof, ar for conveyance in lieu of condemnation, arc hereby assigned
<br />and shall be paid to Lender.
<br />In 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 Harrower. In the event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, [here 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 gums secured by this Mortgage immediately prior to [he date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Harrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender in 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 />ma-kd, Leader is atrthorized to crolkct 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 agree in writing, any such application of proceeds to principal shall not extend
<br />or ptxtpooe 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. Dsrs~ower Net Reksaed. Extension of the time for payment or madificstion of amortization of the sums secured
<br />by this Mortgage granted by Lrnder to any succeasar in interest of Borrower shall not operate to release, in any manner,
<br />the Iiabiliry of the origitwl Horrowtr and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />scented by this Mortgage by mason of any demand made by the original Borrower and Borrower's successors in interest.
<br />U. 1Ferrasrotee y Leeiv Not a Waiver. Any Forbearance by Lender in exercising any right or remedy hereunder, or
<br />othenrix aSorded by applicable law, shall not be a waiver of ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes oc other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to acoekate the ttruurity of the indebtedness secured by tF.is Mortgage.
<br />11 Resedfo Ct~atlee. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw ar equity, ana may be exercised concurrently. independently or successively.
<br />13. Seteeaws atsi Asips Dosed; )aiet ad Several Liahiity; Captions. The covenants and agreements herein
<br />contained shill bind, sad the rights hereunder sha31 inure to, the respective successors and assigns of Lender and $orrower,
<br />sub~~ect to the provisions of paragraph t? hereof. All covenants and agreements of Borrower shall be faint and several.
<br />The captions and headings of the paragraphs of this Mortgage art for convenience onlc and are not in he aced to
<br />interpttt or ddee the provisions hereof.
<br />14. Netke. P.xcept far anp notice required under applicable law to 6e given in another manner, (a) any notice to
<br />Borrower provided far in this Mortgage shad tx given by mailing such notice by certified malt addressed to Borrower at
<br />the Property Address or at xuch other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in tfiis
<br />Mortgage shill lx deemed to have been given to Borrower or ixnder when given in the manner 9esignated herein.
<br />15, UtsYero MOrltia`t; GoYeseir~ Law; SeverarDiry. This form of mortgage combines uniform c~~venants fey national
<br />use sad non-uniform envenoms witty timit~d variaticros by jursdiction to constitute a uniform secunty~ instrument covering
<br />reil property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is toeated. in the
<br />erect that any provision or clause of chi: Mortgage or the Nate conflicts u-ith applicable taw, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given cikci without the conflicting provision, and to this
<br />cad the provisions of *.he Men=age sad Ube Nate are dectarsd to tic severable.
<br />ltiv Direswse's Cody. Borrower shat{ be furnished a conformed copy of the Nait and of this Mortgage a± the bare
<br />of cxecutievt or after racordatitm hereof.
<br />1T. '1'eanfer of tle i'soMety; AterelMiea. If aU or any part of the Property er an interest therein is sold or transferred
<br />by Harrower without Ixtsdu's prior written consent, excluding (ai the etr;atian of a lien ar encumban[x subordinate to
<br />this Mortpge, (b} the crcasion of s purchase matey security ioterpt far household appliances, ic} a transfer by devise,
<br />descent ar by aperafian aE taw upon the death of a faint tenant or tdf the gran[ of any leasehold interest of throe years or less
<br />trot coettainiat an aptim to purchase, Leader may, at Lender's option, declare all ttre stuns secured by this Mortgage to be
<br />inttneciiatety due and payable. Larder shall have waived such option to aeeelcrate if, prior to the sak or transfer. Lander
<br />aM the prawn to whoa the Property is to be soil or transferred reach agrcetrrent in writing that the credit of such person
<br />issatiat'sctory to Lender std that rho {merest payable on the sums secured by [his Mortgage shalt be at such rate as Lender
<br />shalt regttat. If Leader ho waived the option io a^cekratt psavidcd in this paragraph I?. and if Borrower's auctssor in
<br />inlaeat has esacuted a written aournption asrcement accepted in writing by tender, tender shaft reieast Borrower fram all
<br />under this Monp~ utd the Nara.
<br />1f Letadw exercises such option to aocektste, Lender shall mail Harrower natrce of accekation in accordance with
<br />paTS~raph I4 haeof, Such notice shat{ provide a period of oat less [ban 3Q days from the dart the native is maIled within
<br />wrich Borrower tttay pay the sums declared due. If Barroaxr fails to pay such sums prior io the expiation of such period,
<br />Lender teay, withatt funlrcr rroricc or dturutul ar[ Bc€.-rotivtr, invoke any rtnxdies permitted by paragaph 7 g hereof.
<br />i~taN-(h+tfMltw CovExswTS. Horrawtr and Leader funhcr covenant and agree as follows:
<br />ItF: All'talsolisr. Ranaelitra, Dacs~t ss t~'~ ~ MssKraltY t7 6ereat, apses Derrower's brpc- et ary revesrW or
<br />iBaaatMSa, ax lilesaswat is Iris Msrrye, iecviisB Ile cerseststs to pry tyres dire aer sear asctrsed by tri Mostpge,
<br />I~tlisr ~raietr.tr sosaiaratlee airs teeD stake is lsrroaae as proviie$ iw perst~repr Ia reravf apaciiyrt~: fit [rs brarcit
<br />f1! tiffs ~eDree nM~i M oars sect rt..el; tJl s dtris, sa tees tint 38 days frws try tare trc soars tr trotted b Daererser.
<br />IsY wMei l~s1t trMti ~rnl is raawit ail tai urI fsYrre m cars tact rrtacr or or hatoro err date spaciled le ere rWiee
<br />a!t4' trMM4t M a~aprelftr of 1-e nos aecaared b tris 1Nor1p[a, forecktatrc rY fir lL std ask of ire PropeAr.
<br />7fa:nsiYte tt-sD /ealQrtr lahtrs Dsrrrwu sl ire re~a to reisatale situ accekrstise sad ere ri;rt to twert ks ere fotecissrre
<br />tin MMR+taiAaMN- el s dafollt ar ats> elYrr deleass of Dwrower ut ascsksatbe sari fereclawe. tt ire rre,rrr
<br />lr aM ssrtNl w ae raiase Ira irae s!'ae1Mi !r! dsa erdra, Leiter a! icadar'a opttes trs) deckre nit of ere silos aerated ry
<br />/11a1-rrf~t!N M ~.- +~ of I~+rk wYrert.trrrrer dessaed rrd ny torecioss by j.aicir gnrctadiq. t.etader
<br />a~ is sa/111i i~ reirsf i atsci lsrscttsilsl{ ai eapews of issrciosere, ircltsOa{, bw sot iisrilsd to, coca of isctrraesrsrl
<br />ariNM+, aisr>•tsls a.i thlte +yNks.
<br />llf~ ~ R~ M leittlble. Notwithstanding Ltntlet's aus:eftratxrn of the sum> stcuted by this b{oitgage.
<br />Dtscratrer sba5 }taYe toe >~ to bout any pxoaxedit>ss btgun by 1_endu to enlcxce th€s Mortgage disa;Y nuntrad at an} rrrnc
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