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<br />Leader's written agreement or applicable law. Borrower shat! pay the amount of all mortgage insurance pt•emiuras in the
<br />manner provided under paragraph 2 htreof.
<br />Any amatnts disbursed by Lender pursoant to this paragraph 7. with interest thereon, shall become additional
<br />intiebsedrtess of Borrower secured bq this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall lrc payable upon notice from Lender to Harrower requesting paymenfi thereof, and shall bear {nrerest from the
<br />daft' e# disbaxscrretnt at the rate payable from time to time on outstanding principal smiler the Note unless payment of
<br />-interest at such rate would be contrary -to applicablt law, in which event such amounts shall bear interest at. the highest rate -'
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />arty acttem heretmder.
<br />8. Iaspecttota. Leatkr may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender strati give Harrower naive prior to any such inspection specifying reasonable cause therzfor rtlated to Lender's
<br />interest in the Property.
<br />9. Coademttatbn. The proceeds of any award or claim for damages, direct or consequential, in ronnection with any
<br />condemnation ar other raking of the Property, or part thereof. or far conveyance in lieu of condemnation. are hereby assigned
<br />artd shall be paid to Lender.
<br />in the event of a fatal taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any. paid to Borrower. In the event of a partial taking of the Property, units Borrower and Linder
<br />otherwise egret in writing, there shall lx applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is tquai to that prapnrtian which the amount of the sums secured by this Mortgage immediatey prior to the date of
<br />taking beats m the fair market value of the Proptrty immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abnndotted by Borrower, or if. after naive by Lender to Harrower that the condemnor oP&ro to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lendtr within 3i) days after ttte date such notice is
<br />mailed, Lender is authorized to collect and apply tht proceeds, at Lender's option, either to restoration or repair of the
<br />p.a~.r., tna s_ urt..r yu ,h's Margagt.
<br />Unless Lendtr and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />ur postpone the due date of the monthly installments referred to in paragraphs 1 and I herecf or change the amount of
<br />such installments.
<br />I0. Barrosvtr Net Released. Fctension of tht tune for payment ar modification of amortization of the sums secured
<br />by ifris Mangagt granted by Linder to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Horrowtr and Borrower's successors in interest. I_tnder shall not be required to commence
<br />pratxedings against such successor or refuse to extend time foe payment or otherwise modify amortization of the soma
<br />stcurcd by this Mortgagt by reason of any demand made by the original harrower and Borrowers successors in interest.
<br />ii. Forhesrance bT Lender Nut a WAlvtr. .A m• forbearance by I.cnder in exercising env right or remedy hereunder, or
<br />airerwise afforded 6y app}icable taw, -shalt not be x waiver of or preclude the exercise of any such right ar remedy.
<br />The procuremtnt of insurance or the payment of taxes or other liens or charges by Lender shall not t?e a waiver of Lender's
<br />right fa accelarte the maturity of tht indebtedness secured by this Mortgage.
<br />f3. Rerrsedfes CrtmalaNre. A!1 remedies provided ut this btortgage are distinct and cumulative to any niher right or
<br />remedy under this Mortgage or ntforded by law or equity, and may Ire exercised cnncurrcntly, independently or successively.
<br />f3. Suvetssont and :~~as Boorrd; Joint and Steer's! [,iabiBly; (_aptbres. 71te covenants and agreements herein
<br />:Antained shat( hind, and the rights hereunder shall irate to, the respective successors aril assigns of [.ender and Harrower,
<br />subje_t to the pravisiuns of paragraph !7 hereof. :Ut covenants and agreements of Borrower shall bc= total and several.
<br />The captions and hesdittgs of the paragraphs of this M1fortgagc err Farr convenience only and are rat to be used to
<br />n#rrpre# e?r siet~rrt-[hz pn3vistans hareaf-
<br />74. Ntake. Except far any native required tmdtr applicable taw to be given in soother manner, (a} any notice to
<br />Borrower provided far in this Mortgage shall Frc given by mailing such notice by certified mail addressed to Harrower at
<br />iht L•ropttiy Address ,+r at sorb ether address ax Harrower may designate by notice to Lender as provided trareia, and
<br />(F/ ary u:?ticr #, Lends: ;hall Ise given by ~rtifitci mart, to#urn teceit?f reituesied, to Tender's address stated herein ar to
<br />such c~[htr addrtax rs l ~_a=!ar may dtsigr:ate by notice to Borrox~ar .rs provided herein- Any relief pn?vidod far in this
<br />Mn _ ah~ll !w..4w_.:~1 en h~pt t.te.. rte iC +?^rtCw r ,M, l.trdr`r wF:e.. ~ xn ir, the t?anrgr :,;< :Fd ;. ,
<br />„f ~~~LlttRarm ?SfoNSrMte; Gorerniag I.aw; Sertrabliity. `Iltis form of mortgage combines unit'nrm covenants far national
<br />use a«d naa-uttifor~t cavta:snis ~,vith !imiftd variations E?:• turisdictian to canstiuna a unifnmt savorily instrurtert covering
<br />real prapern~. -Phis Mortgage shall be governed by the Lsw of the jurisdiction in which the Property is located. Tn the
<br />extnt rhos any provision nr clause of this Mortgage or the Note amfticts with applicable law, sash conflict shall not affect
<br />olhtr pravisiom i?f ihss Mortgage or the Nate which can ire green eTact without the coulticting provision. aril to this
<br />tad the provisions of tbe Mortgage and the Note arc declared to he severable.
<br />16. Ba+raster`s Espy. Borrower shall be firrnished a conformed copy of the Natc and of this Mortgage at the time
<br />crf ezecutia? or altar trcordaHart htreuf.
<br />k7, Tr•asefer of for Property; Arastmptiaa. IC all or any part of the t>raperty nr an interest therein is sold ar vnnsferred
<br />by Borrower without Lender's briar written canstnt, excluding IaT the creation isi a lien or cnsumbrance subordinate to
<br />this Mortgage, th'r the creation of a purchase money security interest for hausthotd appliances, (cl a transfer by devise,
<br />dewxnt ar by operation o€ tax ulx?n the death of a joint tenant or Idt the grant of any lerrsehald interest of thrtt years a' lass
<br />nut cantainiua~ ae a++rian to pure!tr<~, Ltndar may.. L entter`s Dutton, •dtctart alt the sums sact:rad by this Martgugc to be
<br />innntdratcly diw and payai?ie. I,nnder shalt have u~afvtd such option m ac+:eltrate if, prior to the salt or transfer, Lendtr
<br />and ihs: parr?n to whom the Properry• is to bt sold or transferred much agrtantant in writing that the credit of such parson
<br />is satistactury to I.etidcr ens! that the intt;ast 1?ayai?It ca trio stanxs secured by :his Mortgage shat! bt at such rate as l.,ender
<br />shalt rtqutst. If tender }tae waived eht opt,an to acetfera#e provided in this paragraph I7, and if Borrower's successoe in
<br />inirats[ has rxrcuird a written asaunxptivtt agrretnrrtt suepated in writing by I.radcr. ].under snail roleasc Borrawcr from all
<br />ublieatiotu under this Mat tgage aril the 1`3utr.
<br />if i.andtr axareists such aptiats to acctfaratc, Lendtr shall mail Borrower naive of accckration in accordance with
<br />paragraph t§ M:rtt>t. kfch notice shall provide a txriad of nut Ices than ]u does fr+an the dart th.~ relic, is mailed within
<br />whiett tfarnrwer tray pay the ?:uma declared due. tf Horraxar faits to pay such >uma prior to the expiration of such pari.xi.
<br />i_enikt rs,+ay, witha,,t runiRr .^._ti:,•r ;,. ,fv.^:axi cu Naxrawtr, i nvakc anV rcrosdits {?crmiued by pa:a{)raph ! g boreal,
<br />Nex-UvtYaat,t t' nvt:r+nv rs. Harrower auJ i.anikr further covtoaut and agree as fellows:
<br />fH. Ascnlsxsttan; iCrmrdles, €.xcept ~ prvvidrA in paragraph !7 fservof, upon Bw:rrusrnr's breach of say caveaant ar
<br />rrgrsrensat of Harrower let peke Marlgagte, inrtudlag fhe coverwnts to pay wban dirt any sums secured by th{s Mortgage,
<br />I,ettBsr pifcr to ac_t~n s~H maB trades to Btirrowat as pru4idert is paragraph fA her€af sprxifyt~: {f) the Daach:
<br />[21 tku ... r .: tun zuah h_..,n..h. tt2 a A„te, a 1.... eh,... ef+.aa« e _ _ _ _ __
<br />- ....n w vqa ,
<br />by' wi>3ch .etch tmmr;h mast bt currtT, and (aj+tbat tailors to sure such breaeh~on our bature the dart specified in the twtke
<br />may ratan to acczieratMn aF the cams secured by thh~ Moty{trge, fra•etkature by judichd proctediog and sate of the Proptdy,
<br />'['its nat$te shrill farther iafarin Borrower of iht right to rtiastatt after arreltratian and the right to aaaert is the faroclasitrc
<br />pmaYSdi~ !1~ elan-exlueoet of a dafauh ar nay other tlefanse of &urawer tat aecvtsrat}ws and faractaaare. If ohs breach
<br />is a~ cured un ar ftsfare the date slteeifiaf in the tsatke, header at I.trt~r's opt~n tray dertare tilt atf lbe sums secured icy
<br />tt~s ~t tat ItG itaaarsfiatety dirt turd Paya6de wuhotu farther demand sad may fateckrae by judtetaf praceedtnfi. [.ender
<br />r r ~ r :.wrr:. =v srr.tr~t I±. r~wrb fr.~+tteaiag au sxpearss of foreci~aty, inrittwng, bat nni itmiisd to, ibata of documswary
<br />...
<br />14, Ilarrtrwar!a It_ t t~+ flalra~st?. Ns?iwitlrstatiding LcnsiEr's ;u~,:elt~tar.arr of the sums s~{urt:? by this Merrg,=gf~,
<br />Iiartuwee shat! bout tlta right to have arty pea;etdinaRs hts?un 6y Ltuder #a f ~ chi ~tt_r+ _,oe t kanhnued a _ay tints
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