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<br />Lender s written agreement or applicable law. Borrower shalt pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbarred by Lancer pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by ibis Mortgage. Unless Borsower and Lender a¢ree 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 prncipal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall hear interest at the highest rate
<br />- permissible under applicable law. Nothing contained in Yhi"s paragraph 7 shall regalia Lender to incur any expense or take
<br />any action hereunder.
<br />g. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reasonable cause therefor related to Lander s
<br />interest in ffte Property.
<br />9. Condemnation. The proceeds of an}• award or claim for damages, direct or consegeemia2, in connection with any
<br />condemnation or other taking of ;h€ Property, ar part thersof, or 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 Proixrty. the proceeds shalt be applied to the sums secured by this Mortgage.
<br />with the excel, if any. paid to Harrower. in the evens of a partial taking of the Progeny, unless Borower and Lender
<br />otherwise agree in writing, them shall he applied to the sums warred by this Mortgage sucfi proportion of the proceeds
<br />as is equal to that pro(aartior. which the amnum of the sums secured by this Mortgage immediately prior to the dace 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 Prapeny is abandoned by Borrrnver. or if. afiyr notice by under 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 Lender's option, either to restoration or repair of the
<br />Property ar to the wms secured by this Morteaec.
<br />Unites Lender and Borrower athenvise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due dare of the monthly installments referred to in paragraphs i and 2 hereof or change the amourt of
<br />such installments.
<br />IQ. Borrower Not Released. L-xiension of the alma far payment nr modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Rorrosver shall oat operate to release, in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. bender shall oat he required to commence
<br />proceedings against such successor or refuse to extend time far payment ar otherwise modify amortization of the sums
<br />' secured lay this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />17. Forbearance by Lea ~r '"vat a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded"liy`~~' 97T~'fiaw.'~ashaN-not, be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement -cif ~~~s;[Ite payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate-dhe~a'~.ty-of trio-indebtedness secured by chi; Mortgage-
<br />T2. Remedies ~Ctitfttfatior: 'flit-remedies provided in this Rfortgage are distinct and cumulative to any other right ar
<br />remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently, independentl}• or successively.
<br />13. Successors and Ass'~rns Sound: Joint and Several ISability; Captions. The covenants and agreements herein
<br />contained shalt hind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. Ali covenants and agreements of Borrower shall be joint and several.
<br />T7:a captions and headings of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice reyuired under applicable t:tw to b€ given in another manner {ai ;: m' notice to
<br />Borrower provided far in this Mortgage shalt he given h}• maHing such tiatite by certified mail addressed is Borrower at
<br />th.€ Prop€rte Address nr at Bach gther address as Barrenver Wray designat€ by notice m T_€nder as provided herein, and
<br />{b) any notice to t_endzr shall be given by certified mail, return receipt requested. to Lenders address stated herein or to
<br />stteh oti:~= addre*;c a.=, "_ndcr may dc~ienate by nati€e ro Borrower as provided herein. Any notice nravided for in this
<br />A'iaPagagg chat: ',^.C d€C+SSCd to ttiiVC ItCCn giVCn to Barrowe:r Of Lender wit€n g1Ven in the manner designated herein.
<br />-" voila :n= .+'- , ::oserning i.uw: Sfv::a~i:it:. ??cis rm at mangae ::orrbines uniform covenants Far natioaai
<br />use and non-uniform covenants with limited variations by ;iurisdictian to ronstitutc a uuifotm security instrument covering
<br />real proix.rty. This Mortgage shall be governed by the taw of the iurisdictior. in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall oat affect
<br />other provisions of this Mortgage or the Note which can be given effect withrnrt the conflicting provision. and to this
<br />end the provisions of the Mortgage and the Note are declared to he severable.
<br />16. Borrowers Copy. Borrower shall be furnished ;a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordaiian hereof.
<br />17. Transfer of the Pmpert}; Assumption. If all or any part of the Property ar an interest therein is Bald or transf€rred
<br />by Borrower without Tender's prior written consent, excluding (s) the creation of a lien or encumbrance suboedinate to
<br />this Mortgage, {b) the creation oC :i pm'chase money security interest far household appliances, tcl a transfer by devise,
<br />descent or by operation of law upon the death of a taint tenant or (d) the grant of ;my Icasehald interest of three years nr less
<br />not containing an option to purchase. Lender may, ai Lender's option, declare all the sums secured by this Mortgage to he
<br />in?medinteiy due and payable. Lender shall have u--awed such option a, accelerate if, prior n_ the sale ar transfer, Lender
<br />and the person to whom the Prtaperry is to be sold or trans(ermd reach agreemem in writing that the credit of such person
<br />is satisfactor}' to Lender and that the interest payable on the sums secured by this Mortgage shalt he at such rate as Lender
<br />shall r€yuest. If !. ender has waived the egtian to accelerate provided in this paragraph 1'1. and if Borrower's successor in
<br />interest has executed a written nssuntption agreement accepted in writing by Lender, Leader shall release Harrower from al!
<br />obligations under this Mertgaga and the Note.
<br />3f Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleruian in accordance with
<br />paragraph 14 h€reof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay 4te sums dcciarat due. if Harrower fails to pay such sums prior to the expiration of such period,
<br />Lander racy, without FurtlSCr notice nr demand rnt Borrower, invoke any rcutcdics permuted by paragraph i& hereof.
<br />NON-UNlFUabt Cax'£;N 4N r5, Harrower and (..ender further covenant :md agree as follows:
<br />1$. Aceleratioa; Remedies. Except as provided in paragraph 17 hereof, upon Borrowers breach of any covenant or
<br />afire;went of Borrower in this ,Liostgage, including the covenants m pay when due any sums ucured by this &tort$age.
<br />leader prior to acceleration shell moil notice to borrower as provided in paragraph 14 henwt apecify'iog: (1) the breach:
<br />(2) the a€[ion required to cure such breach; (3) a date, not less than 3o days from the date the notice is mailed to borrower,
<br />by which such breach must be en+xd; and (4) that failure to cure such breach on nr before the date specified in the notice
<br />may rest+lt Ia ac€eieeatistn of the sums secured by this iviortgage, foreclosure b} J+edfcial proceeding and rule of the Pnrperty.
<br />"file ro8ce shat! farther iniornt Harrower of the ry;M to reinstate after acceleration and the right to assert in thx t'nreclosurc
<br />-praceedau~ the non-existence of a default or any other eMfeuse of Burrower to acceleration and forcclosurr. if the brooch
<br />is-mot cared on ur €zefaee (tae date specified In the notic€, lender ai ixader's option may declare ab of cite stuns soured by
<br />'this h9nrtgage to ixe immediately due and payable without furtbrr demand and may fur€rlane by jsrdiciul proceeding. T-ender
<br />shall be aaGtted to calieei in such procee$ing alt expensees o[ foree(tKUre, hrctud#ng, but not limilyd [o, oats of dm:umentar}
<br />evidence, afi stra€ls and itfle eeporLS:
<br />i9. Horruweds Right to Reittstat€. Notwithstanding Leader'+ aeecirrauon of the sums se.:ured t+y this Mungagc.
<br />Bouuwcr shall have the right to have any pracexditags begun by I ruder to cnfatce this Mortgage disrouGnued at any time
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