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<br />Lender's wrtten 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 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 Linder agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shah 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 />inferesi at such rate would be contrary to applicable law, in which event such amounts shalt bear interest at the highest raft:
<br />permissible under applicable law. Nothing contained in [his paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lrnder may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat! give Borrower notice prior to any such inspzetinn specifying reasonable canse therefor related to Lender's
<br />interest in the Property.
<br />9. Cottdemnatlon. The proceeds nt any award or claim for dama¢es. direct or consequential, in connection with env
<br />condemnation or other taking of the Property, or part [hereof. nr for rnnveyance in lieu of condemnation,~are 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'tn Borrower. In the event of a partial taking of the Properrv. unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied io the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the some secured hp this Mortgage immediately. pror 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, nr if. after notice by Lender to Borrower that the condemnor o$ets to make
<br />an award or settle n claim far damages, Borrower fails to respond «> Lender within ?0 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Tender option. either to restoration or repair of [he
<br />Property or to the sums secured he this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />nr pestpo.^.e the due date of the moathty installments referud to in naragraphs I and 2 hereof nr change the amounf of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time ter payment or mndificntion of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in intrust of Borrower shall not operate to release. in a.ny manner,
<br />the liability of the origins! Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor er refuse to extend time for payment or oihenvisc modify amortization of ftte sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by [".ender Not a Waiver. Any forbearance by L..endcr in exercising any right nr remedy hemundrr, nt
<br />nt4ierivise afforded by applicable law, shat! not be a waiver of or preclude the exercise of any such right or remedy:.
<br />Ttte prneurement of insurance or the payment of taxes or other Iicns or charges by Lender shalt not he s sauivcr of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Atortgagz.
<br />-- - 12. Remedies Camulative. All remedies provided in this Atortgagr are distinct and cumulative to any other right or
<br />remedy under this Mortgage nr afforded by law nr equity. anti may be exzrcised concurrently, independently or successively.
<br />13. guccessors and Assigns IBourrd: Joint and Sereral Liability: Captions. The covenants and agreements herein
<br />contained shall hind. and the rights hereunder shall inure u,. the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall he joint and several.
<br />The captions and headings of the paragraphs of this Morigagc arc for convenience onh• and are not in be used to
<br />interpret nr define the provision hereof.
<br />i4. Notice. Except inr any rtoticc required under applicable inw to he given in another manner, ta) any entice to
<br />Borrower prouidrd fcr ir, this Mr.: tgagr shall hti ;ifs hti ma.ling ,uch notice by certified mail addressed to Borrower at
<br />the Propery Address or at such ether adders, as Bor•a.ver mac designate by notice to ]..ender as provided herein, and
<br />1bt env notice to I_eniiur chal€ t,a given hp certified road. return receipt requested. «~ f_cnder's address stated herein or to
<br />such et;±rr addrtass as Index m,ty designate hi notice tc. Borrcwt=r ;ts f,rovidzd heroin. Am• notice provided fee in f"tais
<br />Mortsage shall hr deemrc! to h:+vc been green re it:,rre:+',vcr nr ].coder r~.!sen given in the manner dezignatrd heretn-
<br />[a ..,anorm Mrrftzai;r; Gnreraing Law: Severab[liiv. phis form of noel ~a+r t.'omhrr~.•s uniform covenants for n . ;.
<br />ffi k zt n~±al
<br />ttse and non-uniform arvenant+ u, ith limited vanuhonn he ;urnJietion uc? rogsriturr a uniforo? sc~-!~rit}• instrument e- -
<br />rs:ai Istopz: r} T'.,is Martgsgz sit.,t! ter g.n-er»ed ht the law nt the }fur isdic:giCtn in which the Prttperfy os :nested i i'the
<br />eutnF :?tai any pravisintt r=r ti:u::z .,; ;h, AtanEaRe =.,r the Nrrte conflict. t.ith applicable law. such comlict shah not slice[
<br />other pen isions of this Mortgagz or the Vote ,s i,sh ran he given effect ,aithnut ihr conilicring provision. and to this
<br />end the provisions n! the Mortgage :rod the Vote ore declnrcd to he severable.
<br />I6. Borrower's Copy. Borrower shall hr hirniched a a,nfornx~il copy of the Note ,rod ni this Morigagc at the time
<br />of execution or utter rceordation hereof.
<br />[ i. Transfer of the Prapem. Assumption. if ail nr anc pan ni the Prepeny or an interest therein is void or vaneferreei
<br />by Borrower without Lender's prior written cane.±r. excluding lei the creation of a lien or encumbrance subordinate m
<br />this Mortgagt, (hl [he creation of a purchasz moose ceeuruc interest for household appliances, tc) a transfer by devise.
<br />descent or by apera[inn of taw upon the death al .+ joint tenant or lily the grant of ao)~ Ic:uzhald intcrzst of three re:,n or Icss
<br />not containing an option m purchase. i_rndrr may, ai I_cnder'a option, declare all the sums secured be this Atongage to he
<br />imnu:diately due and payable. Lender shat! have ,sal, ed sorb option is accelerate if, prior m the .:de or u~ansfer, Lender
<br />and the person to whom the Property is to he sold or transferred rzach agreznn^.nt in ,ern urg that the credit a[ uich person
<br />is satisfactory fo [.ender and that the ineerest payable nn the sums secured by this Atortgagr shall he at sudi rate as Lender
<br />shall reyuest. If Lender has waived the option to ac<:eleratz proriifed in ihi> paragraph 17. and if Borrower's successor in
<br />interest has executed a wriuen assumption agreement accepted in writing by Lender, Lensier shat! release Aorrower from all
<br />obligations tinder this Martgagz and tfic Note.
<br />If Lender exercises such aptioa to accelerutr. Lender ,hall mail Borrower notice of acceleration in accordance wuh
<br />paragraph 14 hereof. Such notice shall provide a period ul not Tess than l0 clays from the date the notice is mailed within
<br />which Borrower rosy pay the sums declared due. It Horrower Lrik to pay such .ums prior to the exp!r,+tian of such period,
<br />Lender may, without (urthzr notice or demand on (iorrowrr, invoke any rcntcdics permitted by paragraph 13 hereof.
<br />Note-Urtteosxt Covsr.erv't's. Borrower and Lender blether covcn:uu and agree as lollaws:
<br />18. Accalcration; Remedies, Except as provided in parngraph 17 hereof, upon Borrower`s breech o[ arty covrnpnl ur
<br />agreement of Borrower in This M1lortgage, including the covenants to pay when due am sums secured by this 1Urrtgage,
<br />Leader prior to aereMrafion shat[ mail troller to Burrower as provided io paragraph 1A hereof speei[ying: (li the breach:
<br />(Z) the action regntred to cure sorb breach; (J) a date, not lea, than 3U days loon the date the notice is mailed to Borrower.
<br />by which such breach must be cured; and (4) that failure to curt such breach on or he6rre the date specified in the notice
<br />may result in acceMra[iou of the suurc secured try this Mortgage, foreclosure by judicial procecdirtg and sale of the Property.
<br />The notice stroll further inform harrower of the right to reinatWe offer acceleration and the right to assert in the foreclosure
<br />proceeding the nofo-existance of a default or any other defense of Borrower to acceleration and foreclwurr. [f the breach
<br />fat not cured nn or before the dpie specified in the notice, Lender at Lender's option may declare all of the sons secured by
<br />tbls Mortgage [o be immediately due and payable without Further demand and may forectusr by jndiciai proceeding. Lender
<br />sirpB be eptitled to coped in such proceeding aB rzpetrses of foreckrsure, including, but nut limited to, costs of ducumentaq
<br />evidence, absfrpcls and title reports.
<br />I9. ]6orrowar's Ri~,ht !a Relttatate. Natwithsiandmg Lender's accelerauon at the sums secured by rttls Morigagc.
<br />Borrower shall have the right to have any pracecKiings Irrgun by tender m enforce rhea Morrgege discontinued at any time
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