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<br />Leptkr's written agteemeat or applicable law. Borrower shag pay the arnoum of ail mortgage insurance aremivms in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with imerest thereon, shall become additional
<br />indebtedness of Borrow°er secured by this Mortgage. Unless Borrower and Lender agree to oilier terms of payment, such
<br />amounts shah be gayabic upon no#ife from Lender zo Borrower requesting gayment thereof. and shall bear interest from the
<br />dots of disbursement ai the rate payable from time to time on outstanding principal under The Note unless paytr:ast of
<br />interest at stub rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible ender applicable lave. Nothing contained in this paragraph 7 shall requite Lender to incur any expense ar take
<br />". any action herevntier.
<br />$. tas~ecttott. Lender may make er cause to be made reasonable entries upon and inspections of the Froperty, provided
<br />that Ixnder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Ca:.detnaatioa. 'fhe proceeds of any award or claim for damages. direct or consequential. in connection with any
<br />condemnation or other taking of the Property, or part thereof, or fee conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid io Lender.
<br />Sn 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. gold to Borrower. In the evem of a partiat taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied [o the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amcum 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, with the batance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Bo: rower that the condemnor offers to make
<br />an award or se[Ae a claim for damages, Burrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is aukhorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums se:.ured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any sack application of proceeds to principal shalt not extend
<br />or postpone the due dare of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />IB. Borrower Nat Relemsed. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted ley Lender io any successor in inrerest of Borrower shat( not operate to release. in any manner,
<br />the liability of the original Borrower aad Borrower's successors in interest Lender shall not be required to commerce
<br />proceedings against such successor or refuse ter extend time for payment ar otherwise modify amortization of the sums
<br />secured by elite Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />Il. Forbearance by ixader Nut a Waiver. Am• forbearance by Lender in exercising any right or remedy hereunder, oe
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude tF.e 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 not be a waiver of Lender's
<br />right 4c accelen_te the maturity of the indebtedness secured by this Mortgage.
<br />T2. Remetlks Camolafive. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently. independently ar successiveip.
<br />13. Successors and Assigns Bound; Joiat and Several t.iabtlttY; Captions. The covenants and agreements herein
<br />contained shall bind, and 4he rights hereunder shall inure [o, the respective successors and assigns of Lender and Borrower,
<br />subject to the pravisiors of paragraph !7 hereof. All covenants and agreements of Borrower she!! be joins and severs}.
<br />T'ne 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. Nodes. Exeegt for any notice required untMr apphcaU!e law to tee given in another manner, tal any notice to
<br />Harrower oravided for in this Mortgage shall @>c given by mailing such notice by certified mail addres od to Borrower at
<br />the ProgertY Address ter at such other address as B<arrawer Wray designam by notice to Lender as provided herein. and
<br />rig;} anp ^eu~ce [„ Te;v't~r s?;al! be eiven by ^erii'ted mail, reiurr: rrce:gt reest,ast~.t. °a Lender's address sated he:^a'i.^. or t
<br />such arbor address as Tender may designate by notice to Borrower as provitiecl herein, ,Any notice provided for in this
<br />Mcrtg=g°~ s..a., ,,. u~me,-'. to frav~ ri~en ki;4 ; to Eorrswer ar Lenci;•r when giveo in the manner cldsigpated h°ten.
<br />t4. 3'>~=~'~-~~,; C-av~-~i~ L;iv; ~veraL~+'-y. TI?is f^rm of [nnrtg~e samhin~ unif2re?± cov?n-as fee natioval
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />mal property. This hiottgage shat! be governed by [he law of the jurisdiction in which the Property is located. In the
<br />evrnt that any provision or clause of this Mortgage [5r the Note conflicts with applicable law, such conflict shalt not affect
<br />atitr provisions of this Mortgage or the Note which can be given effect without the conflicting provision, aad to this
<br />end the provisions of ttx Mortgage and the Note are declared to be severable.
<br />16, Botrowe~s Copy, Borrower shall be furrzished a conformed copy of rho Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 'Praaa+sr of tbs Property; Assampttan. if all or any part of the Properly or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (ai the creation of a lien or encumbrance subordinate to
<br />this Mattgage, fb} the creation of a purchase money security interest for household appliances, (c/ a u•ansfcr by devise,
<br />descent or ny operation of law upon the death of a joint tenon or {d) the grant of any leasehold interest of three years or tens
<br />rot ^.untaining an option to purchase, Lender may, at Lender`s option, declare ail the sums secun:d by elite Mortgage to be
<br />immediately due and payable. Tender shalt have waived such option to accelerate if. prior to the solo or transfer, tender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such persop
<br />is satisfactory !o L.cpder an8 that the interest payable en the sums secured by this Aiongage shall be at such rate as t.endsr
<br />shall request. If Lender has waived the ogiian to accelerate provided in this paragraph 17. and if Borrower's successor in
<br />interest has executed a writen assumption agreement accepted in writing by bender. Lender shall release Borrower from al!
<br />attiigafions under this Mortgage apd the Note.
<br />Lf Lender oxercisss such option to nceeterate, Lender shalt msil Borrower notice of aceeleration in accordance with
<br />^",seraph !:! t•~ ~of• ~~^h Raii~ sl:~!1 arevide a ~r'sed of not ferns iha^ 3t3 da+_;s from rho- dat° eF:o notix~ i root?ed ~x•idt:n
<br />which Borrower tray p4y the sums declared due. €f Aarrowe-r fails to pay such sutras prior ro the exgiration of such period,
<br />Leader uiay, wishov# ftutlter notice ur tiemattd on Borrower, invoke any remedies permitted by paragraph ! 3 Ttereof.
<br />Nov_Urrtt"oaat C'.ovctthnt~s. Borrower and Lender further covenant and agrce as f€tliows:
<br />f$. Att-a~a*ia~; Rc~~r€. F~ee~ as provided in paragrapb 17 hE'ceot, upon Borrower's breub at aay evvertept ar
<br />agessaesffi a[ Harrower in ttris 44ortg~e, irtelnding tbs cuveruots to pay wben dtts soy soma scented by this !lfortgage,
<br />farmer p~,sr t;i accelst~taa s#r31 ism pat4cs to Harrower as praa~ided In pataggrapb t~ tsxcsaf epeeityta~gt (t? the bre,~bt
<br />jiFaae aloes tmg4as8 iv CSr6 RaeW HL[HSISi; {3j a aaRw atJi i~i~a av 9Yy5 fraOt ins da[t: ins oatrC'C S rtH[rifd tO U6rif6lw`CI.
<br />by wk~b atasb btwcb tttast 6s eared; aad {.fl that failars to core sacb breacb as or before tbt dots specified is ttte entice
<br />easy tesrrk la arestartsikrn of the saax seeered by this 'mss, farsetasnre by jndklal pttrestdiag and sale of the Progeny.
<br />Tram esdfos tarttxt inform Borrower at tbt rlgbt to tsi~tais after aaceleratioa aad the right to risen in rite toerctosure
<br />> the asuo-txe nt a dsEasH ar any other dste~s at Harrower to aecelsraiSoa sad farerlesurx. Ef tine bteaeA
<br />EQ ir.: ct tea ~ b~u~ tbs dais In the retire, l.sadsr at Lsttdss's up2Frn mqy declare alt of tfts snots scrarxd by
<br />ttak - t+a be ittdtat,;ly doe aad puytabfe wlihtmt furaber dswand and may Farsstuvrc by ;:rn4irtal proreediag. Lender
<br />siwB bs sataitued izt xatietlt tp aasb pracst all sxpstttea of fnreeiosare. iasitrdamg, bffi out #mrted to, coda ut documeotarg
<br />~~, s~ttasv~ tt~d ; repents.
<br />7~ ~~"s Q~~ ~ Rmtmd„to, n;.~rsvitt~~ena 1-.~+~'s _,_,_,.~r~t~+r; , - :ha _ -_-_ . ` -net Ry _- 4±..n.± _
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<br />i~rr~,epnr sS:xtt eav+~ t ri~oS t~ ~as~e anti ~ roc .yttgn~s A _. tx. , c~ r ;,~ n -nis hi - ~..1' - , n.i time
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