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<br />Leaders written a3reemert ar applicable law. Harrower srta!1 gay the amoum of all morgage insurance promiums in the
<br />msnntr provided under pazagraph 1 /tereof-
<br />Any amounts disbarred by Lendtr pursuant io this paragraph 7, with interest thereon. shall biome additional
<br />indebtedness of Borrower secu:eci by this 4ortgage- :inks Botrowrr and Lender agree to orhtr terms of payment, such
<br />amounts shall be payable upon .=. n;i;,e from Lender to Borrower requesting payment thereof. and shall hear interest from the
<br />date of disbursement at s'ne rate payaisle from time to tithe or, auuta."diag p:incipa3 under the Note unless gayment of
<br />interest at such rate would be contrary to app}icable taw, in wh"soh evert sorb amounts shall bear interest at the hightsi rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur arsy experee or take
<br />arty aczien berevndez.
<br />8. Irtspectlon. Lender may make or cause to be made reasonable entries upon and impections of the Property, provided
<br />that Lertdu s};all give Borrower notice prior to any such inspeedon specifying reasonable ranee therefor related to Lentiefs
<br />interest in the Property.
<br />9, Cattdemtmtbn. The proceeds of any award or claim for damages, direct or corsequentiah in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are herby assigned
<br />and shall be paid to Lender.
<br />Zn the event of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. 1n the evert of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing. there shall be applied to the sums seatred 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 value of the Property immediately prior to the date of taking, wish the balance of the proceeds
<br />gold to Borrower ~ -
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to matt
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 3fl days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option. either to restoratiorz or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />i; mess Lender and Borrower otherwise agree in writing. one such application of proreeds [o principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such inseaiiments.
<br />Ifl. Sorrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by [his Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liability of the original Borrower 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 ar otherwise modify amortization of tht sums
<br />secured by thic Mortgage h}' reason of any demand made by the anginal Borrower and Borrower's successors in interest.
<br />11. Farltsaravee by Lender Not a Waiver, Any forbearance by t.cader in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shalt not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall no[ be a waiver of Lender's
<br />right io accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Restudies Cumafatfve. All remedies provided in this Mortgage are distinct and cumulative to any other righ; or
<br />remedy under this Mortgage or afforded by law or eavity. and may be exercised concurrently, independently' er successively.
<br />13. Successors and Assigtrs Bound; Joint anti Several LiabBity; Capfbtrs. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of pazagraph 17 hereof. All covenants and agreements of Borrower shall be ioint and several.
<br />"lyre captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except far any notice required under applicable law ie be given in another taanner, fa) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Properly Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(h} any notice to Lender shah be given by ceaified mail, return receipt requested. ro Lender's address stated herein or to
<br />such other address as Lender may designate by notice [o Borrower as provided herein. Any notice provided for in [his
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15, Uniform Aiatigugt; vaveming Law; Severabiiity. This farm of morteage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to caitstitute a uniform seventy instrument covering
<br />real nraper±y, Tht~ '4lartga e shall be geverwd ::y the taw -f iht pv,-~sdiriar, in -w;tieh ti:e r oprry i- 3aca`sePi in the
<br />event that any provision or clause of this Mortgage or the Note conf3icts whh applicable law, such conflict shall not affect
<br />orrrer provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage a[ the time
<br />of execution or after recordation hereof.
<br />17. Trousfer of the Property; Assumption. If all of any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (d a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, poor to rho sale or transfer. Lender
<br />and the person to whom [he Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. 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 the sums declared due. If Borrower faits to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph i$ heron[.
<br />Nott_IlxtFattu Cow?:vert7s. Borrower and L°ndtr furiht; covtna:tt and agr~ :s €ollnws:
<br />18. Aresszatfon; Remedks. Except a9 providrd in paragraph i7 hereof, upon Borrower's breach of any covenant or
<br />agrcestuaf of eoreower is this Mortgage, including the covenants to pay when due any surm secured by this @iortgage,
<br />Leader prior to acceeration shall mail notice to Borrower as provided in paragraph t4 hereof specifying: (1} the breach;
<br />(2) f~ nett©a regn6sd is cone such trrr,aeh; (3) a date, not less tlwn 3Q days from itte date the notice is tnat7ed to Borrowrr,
<br />by which sorb breach rrtusf be cured; and (4) that failure to cure such preach on or before the date specified in the notice
<br />tttay rt~ttlt la acceleration of the sums secured by this Mortgage, foreclosure by judicial procceding and sale of the Property.
<br />Tile-trotter si~%d #urther inform Earrower of [he righ to reinstate after accrieratioa and the right to assert in the forceiosnre
<br />praeesdleg lira noo-exidence of a default or any other defense of torrower io acceleration sad foreclosure. if the breach
<br />Et oat cured on or before the dots specified is the notice, Leader of Lender's option may declare all of the soma sreured by
<br />titb Matigags io bt immediatelx due and payable without furihsr demand and may foreclose by judicial prcecediag. tinder
<br />ehal. 6e entitled to eolket ]n such pracredlog ail expertees of foreclosure, including, but not limited to, casts of docu~neary
<br />evidsars, airsiracfs and tkle re~rts.
<br />19. Borrower's Right to Rsiastatr. Notwithstanding Lender's acceleration of the sums scoured by this Mortgage,
<br />Borrawtr shall have the right to have any pra;eedings hrgun by tinder to enforce ihu btongagc diswntinued et soy time
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