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<br />Leader's written agreement ar applicable law. Borrower shall pay the amount of aR mortgage insmsnce premiums in the
<br />manner provided urtder paragraph 2 hereof.
<br />Any atrounis disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrower slanted by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts slrai- be payable upon notice from Lender fo Borrower requesting payment thereof. and shad bear interest from the
<br />dada of dsfiursement at the rate payable from time io time on ovtstartdtng principal tmdmr the Note useless payrttmt of
<br />.interest at such rote waald 6e contrary io applicable taw, iri which event such amaunta shag bear interest at the highest rate
<br />ptrmissibk under applicable law- Nothing contained in this paragraph 7 shall requite Lender to incur any etcpertse ar take
<br />any action hereunder.
<br />8. IrtsPectatn. Lender may make or cause to be made reasonable entries upon and inspections of the Properly, provided
<br />Ghat Lender shall give Borrower iwiice prier to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9, f.'.osdtnsetaHon. The proceeds of any award or claim for damages, direct or consequeniiai, in coimection 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 be paid to Lender.
<br />In She event of z total taking of ttx Property, the proceeds shall be applied to the sums secured by this Mortgage,
<br />whh the excess, if any, paid to Borrower. In the evrnt of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, theta 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 value of the Property immediatery prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower. ~ ,
<br />If fhe Property is afiandorted by Borrower, or if, after rrotice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a daim for damages, Borrower fails to respond to Lender within 3Q days after the date such notice is
<br />mailed, Lender is auihnrized to collect and apply the proceeds, at Lender's option, either to restorittion or repair of the
<br />Property or to rite sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shat) rtor extend
<br />or pos¢pone the due date of the monthly installments referred to in paragraphs i and 2 hereof or change the amount of
<br />such installmrnts.
<br />10. Botrawer Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />b`J this Mortgage granted by fxndez to any successor in interest of Burrower shall not operate to release, in any manner.
<br />rite liability of the original Harrower and Borrowers successors in interest. Lender shall not be required to commence
<br />proceedings against such suceessa; ar refuse to extend time fm paym~ert ar otherwise modify amortization of the sums
<br />st~urtd by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />-1. Forbearance by Ixader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded 6y 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 shalt not be a waiver of Lender`s
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Retsadim CnmafaKre. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgagt ar afforded by taw or equity, and may be exercised concurrently. independently ar successively.
<br />13. 5accessors assd Assi{es Bou»dt )o®t aad $everd faab~ty; Capflotts. The covenants and agreements herein
<br />wntained shall bind. and the rights hereunder shall inure to, the respective successors and a-signs .af Lender and Borrower.
<br />subject to thx previsions of paragraph ? 7 hereof. ,4I2 covrnams and agreements of Borrower sfiail be joint and several.
<br />Tht eaptior_s and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />imerpret ar define the previsions hereof.
<br />14. Nrdiee. Except for any itotite required under applicable law to be given in another mariner, la) any notice to
<br />Borrt',+wer provided for in !his Mortgage shall be gr.~en f.s. mailing such notice t:v ttrtified mail addressed ra Rerrnwer at
<br />the Prapcrfy A.ddres ar at such ether address as Borrower may designate by notice to Lender as provided herein, and
<br />tIr).as?v natist to Lender sh~f L. v:vtn try srti~:d rr~i', return rt_ -- rtq:sested. to Lender's address storied Mrein or to
<br />such ort:er address as Lender may designate by rsc:::te tc, Ba;,reswer ~as provided herein. Any notice provided for in this
<br />TvlaztgagP ;,ail be dce-road to h-.-e i>"t:. £is==. !? ixart*.±we:._. ., ~ru,ler '.kir„r. given in the manner designated herein.
<br />'15. Lrr ;,ar~st ;4ior~asue: Gaverais~ few: S~-:. 7I,1- _*-v; rz; -~t' mcrtgagc combines uniform covenants far national
<br />use and nen-uni€orm tovenxnis with limited variations by iurisdictioa to cansututr a uniform security instntment covering
<br />real property. "this Mor!gage shall be goveru~.vi by the law of ;Ire ;uriuliction in which the Property is Located. In the
<br />event that any pcovisian ar cla,>_se of this Mortgage or the Vote a,nfSicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage c-r the 'Yore which can t~ 2~ven effect without the conflicting provision, and 4o this
<br />end the previsions of the Mart¢agt and the 'Pate are declare6 ro he severable.
<br />16. Borrower's Copy. Borrower citail tx~. furnrshed a c,ariarrntd ._apy ,rf the Mete and of this Mortgage at the time
<br />of execution or after retardation hcreaC.
<br />-7. Traas€er of the Property; Assuatption. if all ,~r any nen r?t the Property ~r an interest therein is Bald ar transferred
<br />by Borrower ;althorn! Lenders later written evnsert. excluding +ar the tteation of :: Tien or encumbrance subordinate to
<br />this Mortgage. fb) the treatian „C a purchase mr.+ney ±cYUrit} ,nttr:'st for household appliances. ic) a transfer F,y devise.
<br />descent ar by optsaeion of law anat. the death :~f a ?oint ?enam er t~d~ the grant of aay leasehold interest of three years or Iz<s
<br />mat captaining ar, optiaa to purchase. l.erwtr ~ '-, a e ~der'< <~piu-rn. dt.iare uii tiro came neared by this mortgage to he
<br />immediately due sou payable. E_cnder shalt base wanedr such optuan n, nc::cierate if. prior io the sale or transfer. i Winder
<br />and the perrsan to whom the Frapcrty r, to ,_e sold ,r transferred rea..h agreement ur wuang that the credit of each nenon
<br />is satisfactory to l.endtr and that the interest ayabte .rn the >;,m. sci.:rzd by this 'w-artgagc =bait 6t at such race :., i-ender
<br />s;ta21 ru'•yii. it. If i-seder h:xs waive.,i the erplian tU atceterate prosideei ,n this p:t: agra C~it 77. and ii Rartnwer~s successor in
<br />imtresi teas execttted a written asstunpttot: agreement accepted in -..~nung 3y Lender, t.xoder shaA release Borrow-er from ail
<br />abtigauons under this Mortgage and the biota.
<br />If Le-ud>:r aaar~isrs s;ych opilan to secs:Serate, Lender sh:,ii mail Ri+r rawer ncticv .,f a;celc;ahem ir, arcardance w9th
<br />paragraph, ?» hereof. .~trch orate shall n v!dt a !+eried a.. t ':tss than 3q day, from the d?tc rho next-.~ i. n:ailtd within
<br />which Bi: rrc~wCr tnay pa} fhe slams declared due. lE Bono+er Caus i pay uch sums c;ior to lire cspttation of au-h petard,
<br />.-,.order may` ..«.a::t furt)tcr raid ar demand ;», Ri,rr:,wc., ..~.awc an tcriicures Cn.rmnteJ i,. ,aragreph Iri hcreuE.
<br />?aoN-Utatxaaat Cave'ti.nnrs. &~re.;war and tinder fatther cas~Fenant and agra: :,s follows:
<br />ifi. Aceckzatlnn: Rr~ luxcepi as provided in gardgrapb t7 hared, upon Barrawtr's breach of any cavenaat or
<br />agrterretni of Borrower le this MorigatPe, incindiag the cus'eoaats W pay when der ens sums secured by this Mortgage,
<br />I,ender.p;~r-ta.ast:`tkr~lett s!'atl&.asail rzaYiee to Borrower av prnridtd In par~rsph l4 9cereaf specifyit~: ill Sba breach:
<br />ley rrhicb suth hatach rnttst DeTrurtd; cad {3) Thai failure to core such breach ore m before~tbe date specifsed in the notice
<br />may resuft in atseleratiun of tbt sums secured-by obis Mortgage, fareclrrsure by jodiriai ptnceedirrg and salt of the Property.
<br />Tiw nntk s8p1i taribtr inlurm $trrrnwtr of fbe rioter to reinstate alter xceteration and the right w assert in the foretlnsure
<br />grncecding ibr mrarn-txisfeuse wf a Jefavlt su aay ether dtftnst of Borrower to ueeleratba gad (wtcltrsare. If the breath
<br />is eel etxstrd tan ox bef;zre ±~ date sixciftedsn liar unt&rr, Izndrr at Letultrs opiioa racy declare all of fix stuns stettred by
<br />4b4f Sisae ftt he [mmzdiatc3y drat aay payal~ witbant faartber deesaad and any fnrKbse by judkiai proctedi~. Leader
<br />5c~'t tilt eam~ irx tsareyi in x~.ls F•atl aB tlrprrtaeS of fotetisrsart, inrtimm~q, but twt Finslltd ia. coats of dtrrumrntary
<br />t`~~~r.~-e. F~:s r}=_it'- trptz ~.
<br />Y9 ~rra~tr's Rrkt t~ R iC~aLe, tintwuht,tauding !_,rndtr's acceteearion of tt~ aunt= ~±uted by this Martga~,
<br />$oitaw~tr shalt hay;. etas rittlta tc, have any ptaetdinas hegwr be I.::.nrJtr t<> e;!€ t F ants a =1a dis~_ r !c=+ a _ .._
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