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<br />Lender's wririen agrtxment or applicable law. Borrower sha33 pay the amovm of alt moYgage ;inurance premiums in the
<br />manrter provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuanE to this paragraph 7, with interest thereon, shall became additiorsal
<br />indebtedness of Borrower secured by this Mortgage. Un3ess Borrower and Lender agree to other terms of payment. such
<br />azntwnts shalt be payable upon notice from Lender to Borrower requesting payment thereof. and shall hear interest from the
<br />date of disbursement at the rat¢ payals}e from time to time on oatstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall beaz interest at the highat rave
<br />permissible under app3iwbte law. Nothing contained in this paragraph 7 shall require Lender to incur any expetree or take
<br />any action hereunder.
<br />8. Inspeet}on. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to anp such inspection specifying reasonable Cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in'connection witfi any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall b¢ paid to Lender.
<br />Tn 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 nay, paid to Borrower. In the event of a partial taking of the Propcrry, unless Borrower and Lender
<br />otherwise agree in writing, there 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 sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market valve of the Property immediately prior ro the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />}f the Property is abandoned by Borcawer, or if. after notice by Lender to Borrower that the condemnor offers to rnake
<br />.. ward ar set*.t~ a ^laim far damag,;. Barcaw¢r fails to r~a..nd to Lender within 3Q da}~ after th¢ date such ..^.ct3ce is
<br />mailed. Lender is authorized to col}¢ct and apply the proceeds, at Lender's option, eit}e^r to resloraNon or repair of the
<br />Pta~rty or to the sums secured by this Mortgage.
<br />LJnless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shay! not extend
<br />yr postpov¢ the due date of the monthiv installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />Ill. Borrower Not Released. F.xtens3on of the time for payment of mod3tIcati-:~n of amortization of the crams secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to rctease, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to eomme: re
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of The sums
<br />secured by this Mortgag¢ by reason of any demand made by the original Borrower and Borrower's sitecessors in interest.
<br />lI. I+orixarance by Lender Not a Waiver. .4ny forbearance by Lender in exercising any right or remedy hereunder, or
<br />rtherwise afforded 6y applicable taw, shall not be a waiver of or preclude the exercise of any such right or remedc.
<br />The procurem¢nt of insurance or the payment of taxes ar other liens or charges by Lender shall not fie a waiver of Lender's
<br />right to accelerte the maturity of the indebtedness secured by this Mortgage.
<br />lY. Remedies Cwnulat}ve. All remedies provided in this Mortgaee are distinct and cumulative to any other right or
<br />remedy under this Mortgage o: afforded by law or equity, and may be exercised concurrently. independently or successively.
<br />13. Sneeesmrs and Rss~ns Bound; Joinl aml Severs( T.3abiBty; Captions. The covenants and agreements herein
<br />contained shad bind, and Fhe rights hereunder shall inure to, the respective successors and assigns of Lender and Borcower,
<br />sub;ect tv the provisie=•s of paragrapt: t'• hereof. Alt covenants and agreements of Borrower shad be joint and s¢vera}.
<br />77te captions and headings of the pazagraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />?^.~-.'~ ~ Ex:°¢pz for any volt :required under applicable law to t>v Rieen in another manner, ',a; any notice to
<br />Bercuwer provided for in this Mortgage shall tx given by mailing such notice by certified mail addr¢ssed to Borrower at
<br />sh;; Prap,~ i}, .:e':vs: cr ai suc^ ether address as Borrowzr n:ay designate by notice to Lends as provided 'nereir.. a.^.d
<br />f17) any notice to Lender shall he given by certified math return receipt requested. to Lender's address stated herein or to
<br />such ether address as Londe-r ma}' d~si~rate oy nciice to Borrower as provided herein. :say notice provided for in this
<br />Mortgage s?e~a!! h_ de~n;ed to hav¢ ht¢n given to P,arrmx¢r o; 4.¢nd¢r wher. given is the manner designated i;ereir,.
<br />15. Uniform Mortgage; Governing Law; Severability. This form of mortgage combines uniform covenants far national
<br />use and non-uniform cavenatns with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />teal property. This Mortgage shall be governed by the taw of the jurisdicfion 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 sha{I not afftc[
<br />other provisions of this A9ortgxge or the Note which can be given effect without the conflicting provision, and to this
<br />end th¢ provisions of the Mortgage and the Note are declared ro tae severable.
<br />16. Borrowers Copy. Borrower shall be furnished a conformed copy of the Not¢ and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />1T. Transfer of the Property; Assrxmpt3on. if all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written mpsent, excluding la) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. (b) the creation of a purchase money securiq• interest for household appliances, (c) a transfer by devise,
<br />d¢ss'erit ar Lay operation uF taw upon the death of a joint tenant or tdi the grant aF any leasehold interest of three years or less
<br />not containing sn option to purchase, Lender may, at Lender's option, declare alt the sums secured by this Mortgage to he
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sate nr transfer. Lender
<br />and the person to whom th¢ Property' is to be sold or transterrcd reach agreement in writing that the credit of such person
<br />is satisfaciaty Fu [.ender and that the interest payable on tF.e sums secured h}' this Mortgage shah be at such rate as Lender
<br />shall request. if i.end¢r has waived the option to accelerate provided in this paragraph 37, and if Borrowers successor in
<br />interest has executed a written assumption agreement accepted in writing by }.ender, Lender shall release Burrower from all
<br />obligations under this Mortgag¢ and the Nate.
<br />if Lendss exercises su¢h option to acnelera[¢. Lender she!! mail Serrower notice of acc¢leratien in accordance with
<br />paragraph Id hereof. Such noticu shall provide a period of not less than 30 days from the date the notice is mailed within
<br />••~hich Barr;.xer ma}' pay t;~rv sums dulared d if P.arrowe: fails ro pay such sums prior to the ezpi;aticr. of such period,
<br />L:.nder may, without further notice or demand man Borrower, mvok¢ any remedi¢s permuted by paragraph 18 hereof.
<br />NotvUNts:e'axa 4pyt?hANis, ltcxrower and Lender Further covenant ;rod agree as follows:
<br />18, Aceekralioa; Rerneviies. Except as pmrided fn paraFtnph t7 hereoF, upon Borrower's Nreach of aoy corenan! or
<br />a;re¢uxnt of Borrower Io tta3s Mortgage, iucludittg the covenants to pay when due any sums secured by this Mortgtr8c,
<br />I.er ~inr to assebaraz3on s~.B paaB tuetice to 8arrower as provided 3a paratteaph 19 hereof spesity3ng: (l) the broach;
<br />(:i) the action regetir¢d to cure suth breach; (3) a date, Cwt }ess Haan 34 days From rbe dal! the police ro marled to B/erNwCF,
<br />by whkh oath breach mast ba cured; and (4) that Faiiare to curt saeb breach on or before the date specified in the notion
<br />s resvH in atsskratson of ilx xaans secured by tb}s Morlgagq forecl~ure by jtrdicls! pnueed}ag and sale of the Property.
<br />-t'he not9se shall fart}ur 3ufo[m Borrower of the right to reiastsle alter accekraliou and the right to asaeti In the foreclosure
<br />pracctdttrg the ettia.¢xiflt¢tN:G of a defauk or any otlcer defense of Borrower to arcekral}an and foreclosure. U the breach
<br />l; not cared slst ur before tyre date specified }n the notice, tx4der at Lender's optiaa may dsviare all of the sans secured by
<br />t~ M~.e.,~s ems. ty. 3mm.~scss.iy d~ ~ paya~ wit1~~~.! fw•Ii±ar denm~ anti ~ ferer-}~ by ;ad~ia! pr~eed3~. i~~r
<br />sha_~ ~ ~1R~ t._. s~tesr fr! s_~sk pseser ling at# exprus~ alt foasc}yrsvrs. suciud3ng, Intl rues }imbed to, rr~1s nt docemzntary
<br />crLkaee, abstsrets acrd title reports.
<br />:~. >ii pr~~i4=e ii[yliii to iceisstate. vs~witfisfanding Len!se!'s ae~cYielati..>n n t'n+; Sums se,:ured by th+s M^.riRagt.
<br />BnrrC wet 43ta31 ire the Ftg}it f4 have any proceedings Fxgnn F.\- l.etide! t-, elFit+fc:e ihi~ 'bt i~Ft}'llbe diSi efnimucd .wi aley nfRC
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