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<br />Lender's written agreement or applicable law. Borrower shad 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 become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice 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 ouch rate would lx 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 T shat! require Lender to incur any expense ar take
<br />any action hercuntkr.
<br />8. Iaytetion. Lender may make or cause to he made reasonable entries upon and inspections of the Froperty, provided
<br />that Lender shall give Borrower notice prior [o any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coademwtbn. lire 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 shall be paid to Lender.
<br />Tn the event of a rota] taking of the Property, the proceeds shall be applied in the sums secured by this tiiortgage,
<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 agret in wTifing, thers shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />• as is equal to chat proportion w•ltich the amount of the sums secured by this Aiortgage immediately prior to the 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 Borrower.
<br />If the Property is abandoned by Borrower. ar if. after notice by Lender to Borrower that [he condemnor offers to make
<br />an award or setfle a claim for damages, Borrower folk to respond to Lender within 30 days after the date snch notice is
<br />tnaikd, Leader is authorized to collcet arrd apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sutras secured by this Mortgage.
<br />ilnkss Lender and Borrower otficrwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the rrwr:nly imtaiiments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />sucfi inslallmmts.
<br />10. tiortower Tier Rekaasd. Fxtension of the lima for payment or mtdification of amortization of the sums secured
<br />by thin Moneage granted by Lender to any successor in interest of Borrower shat! not nperate m release. in any manner,
<br />the liability of the original Harrower and Borrower's successors in inter>xt. Lender shall not he required to commence
<br />procadings against such successor or refuse to extend time for payment or gtherwise modify amortization of the sums
<br />secured b}• this Mortgagt by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Ferhe~ae i7 itrier Not a Waivtr. Any farhearance by ixnder in exercising anr• right or remedy hereunder, or
<br />athexwist sffatded by applicable law, shall not be a waiver of or preclude the exercise of anv such right or remedy.
<br />The procummerrt of imuranre or the payment of tales or ether hens or charges by Lender shat] not 6e a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. T4aeJies Caeilfae. AB remedies provided in this ;mortgage are distinct and cumulative to any other right or
<br />tttrredy under ibis Mortgage ar afforded by law ar equity, and may be exercised concurrently. independently or successively.
<br />13. Saeeesws gad Aaigas Bond; Joist gad Several I.iaMlih; Capdees. The covenants and agretments herein
<br />contained shah hind, and the rights hereunder shall inurt w, the respective successors and assi¢ns of Lender and Borrower,
<br />subjoG io the provsiom of paragraph 17 hereof. Ai! covenants and agrcemtnts at Bormwer shall be joint and several.
<br />71te captioru attd headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or define L;re provisions her~f.
<br />14. TLrsite. Except fqr any notice required under applicable laws to bt given in another manner. (a) anv notice to
<br />Borrower poividtd for in dhis Mortgage shall be given by mailing such notice by ctrtifed mail addressed to $orrower at
<br />;he Property Address or at such other address as $ormwer may designate by notice to Lender as provided htrein, and
<br />ib) an}' notice to Lender shall he given by certified mail. mtutn rece+pt regtusttd. to Lender's address stated herein oc to
<br />such ocher address as Lender may designate by notice to Barmwtr as provided herein. Any notice provided for in this
<br />Mortgage shall bz deemad to have been given to Borrower or Lender when given in the manner designated herein.
<br />13. Usd[os~ Moue; Goverauag Lw: Ss.erabaWp. This form of mortgage eombints uniform covenants €ar national
<br />ttrc gad nag-uniform covenants with limited variations by jurisdiction to constitute a umfarm security instrumtnt covering
<br />teal property. 'This Mortgage shall be governed by the law of the jurisdiction +n cvfiici+ the Property is located. In she
<br />corral that any provisson ar clause of this Mortgage or the Nutt conflicts with apptieabie law, such ranHict shall not affect
<br />other provisions of this Mortgage or the Nore which cola be given effta without the conflicting prorsion, and to this
<br />cod the pro-.-:~r~ of the Mart8a8e grad the N „ti ax dtc#arw" to lie stv,-table.
<br />Ili. latararer}s CoF'. Harrower shall bt furnished a caxrfotmed copy of t'rre Note anti of this btortgagt ai the time
<br />~ execution ar after rxordatian htueof.
<br />I?. 2luarfer of the PsaBMy; Aawryrtipr, if ail ar aa} o.rt of the Property or an interest therein is said or transferred
<br />by Borrower without Lender's prior written consent., excluding tsl the creation of a lien or encumbrance subordinate to
<br />ibis S1{attga8a. {bl the creation of a purchase money security initteat far household appliances, (c) a tramfer by devise,
<br />deseeatt or by aperatian of law upon the dwth of a ja,nt tenant ar td+ the grant of any leasehold interest of three years or less
<br />not aeattainiag an option to puralrasG ftndv may, at Lender's apnon, declare sit the sutras secured by Chia Mortgage to be
<br />imatadiueh due rand pryabk. Leader shall hoot waved such option to eecekzratz if, prior to the sale or transfer, Lersder
<br />and the perattrt to whom the Property is to be sold or trattsterrzd reach agrtetnent is writing that the crulit of such person
<br />is satidat:twy w Leader std that the interest payab3t en the sums seruted by this Morytagt sisal] be at such rate as Lender
<br />shall regtacst. If Letader boa waisrod the opiioti to a~-zleratc prav-idz3, it this parsgr;<-ph l'. and if Harr.^-wer's succ_:^ssor in
<br />intetaK his executed a writtat arumptiaa agrcentettt sx~tpted in writing by L trader.. Ltndtr shall recast Borrower from ail
<br />oiriigatigos under this Marta>;de std the Note.
<br />If Lender exercitea such ap;ion to accekraic, Lender :hall mail Borrower notice of accdtration in aceordaace with
<br />paragraph 74 hereof. Such traaice shah provide a period of not less than 30 days from [ate date the notice is mailed within
<br />which ggtrower may pay ~ surtta declared due. if Borrower fails to pay su.:}t sums prwr to the expiration of sui;h pznod
<br />Ltrdsr may, without further notice ar demand an Borrower. anvore any remedies permitted by trazagraph Ig htseaf.
<br />Not~t-jlivtsrnstlt CoNE~twnrxs. Bturowtr and 3xndtr further cavznant and agree as fellows:
<br />18. AsaelssaYar, Raoadir. 1&eqt as (as'ooviiad L paaagra8b t T IaareoG rpa Norrowtr's breach of goy ceveraN or
<br />a~tltat ag lhasa~ew L this Matgrp, iwcdfYt{ tbs troataaab to pay whoa die rry Saar secured by this MoAgatia
<br />1.a~Nrr puss 14 aooaiualiaa abd ttaai white m Mts+wer m proaided iw pasagraph It hea+aaf apeeilytarg: (t) tttie breach;
<br />i~! tlba asYw sayaisrd to twr stark broA: (3) • rlsas taw Itar tMr Js drys froar the dwe tie write is mated fo Borrower,
<br />i7' aliisi.arei Msrth araat k cowl art i4) tint fairs to ewe wc- bewh o0 or before the due specified in the rofice
<br />mq aesatY is anriaralisr of the naaaa secrard by trail Masfate• [arecloattrc by jadkirl proceadiag and oak of the Prtrperty_
<br />7-a.tattlit+s artlB IaAbsr Ialssaa Bepwwtr e/ Ne rigY m raiwstsse afasr aecekaatFort attd tine right to aarM it the foreclortuc
<br />!ate Yla cif a datartY sr gay othss decease of Bwrower to atceleratisw and foreclarurc. if the breach
<br />Y tMf a7aa/ tr at brlfees lbs. in s*rd4rd it[ tbs wsttics, Isselee u Leeder't opMian awg deatare aY e[ the sw+os secured by
<br />Iliia M M Mtmsiyslr tae asst pryaNe witheatt fwQer deaaard and ass} toreciaae by jodiclal proccediag, Ixrder
<br />art TM tia~latl N eeBaal Ir ouch Mrcetiitag t11 expaassa of feteclowus. 7relyditK, bwt woe Trilled te+, tarfa of dotrwtatrry
<br />rra'Hwae. atlislraels ttai ttilM rs~rlil.
<br />I~. •rrasrerf't Bi>~1 N BaWals. ltiatwitbatandirtg Lender's acctlzrauan of the si;nts sectued by this Mortgage,
<br />#oraaws2 aha[i have the right to have any proctedittgs begun by Lender to tnfarce rh+s Mong:+ge disconnnucd at any umc
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