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<br />Cradle's written agrettneni or applicable law. Sorrowtr shah pay the amount of alt mortgage insurance premiums in the
<br />manner ptov«ded under paragraph 2 hereof.
<br />Ary amounts disbursed by ixader pursuant to this paragraph ?, with interest tF,-arson, shall L+rcome zdditioaai
<br />indebtedness of Borrower secured by this Mortgage. FJniess Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to 8orower requesting payment thereof. and shalt sear interest from the
<br />date of disbursement at the rate payabit from time to time on outstandin¢ principal under the Note unless payment of
<br />interest at such race would be contrary to applicabte taw, in which event such amounts shalt bear interest at tent highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph ~ shalt require Lender to incur any expetrse or take
<br />say action herevadtr.
<br />8, inapeetioai, Lender may make or cause is be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lendez's
<br />interest in the Property.
<br />4. CaudernnaNon. The proceeds of any award or claim for damaees, direct or consequential. in connection with any
<br />condemnation or other taking of fhe Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to 1 ender.
<br />In the ever.[ of a total taking of the Property, the proceeds shall be applied ro the sums secured by this Mortgage,
<br />with the excess, if any, paid to Bo. ewer. In the event of a partial taking of the Property, unless Borrower and Landes
<br />otherwise agree in writing, there 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 prier in 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 />pa«d to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or sortie a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorised to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Prow:ty u -;elms -assured by ibis Mortgage.
<br />unless Lender and Borrower otherwise agree in writing, any su.h application of proceeds ea principal shall not extend
<br />ar postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />f6. Borrower Not tteieswed. Extension of the time for payment or modification of amortisation of the sums secured
<br />by tints Mortgage granted by Leader 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 shaft not be required to commence
<br />proceedings against such successor or refuse to extend time for payment ar otherwise madifv amortization of the sums
<br />secured by !his Mortgage by reason of any demand mad[ by the original Borrower and Borrower's successors in interest.
<br />4i. For$earence by finder Not a Wainer. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right ar remedy.
<br />The pracuremem of insurance or the payment of taxes or other liens or charges by Lender shall no[ be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secored by this Mortgage.
<br />ii. Hematites Cumulative. A11 remedies provided in this Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />i3. 3aecessar sad Assigns Bannd; Ioint amt Several i.iabiiity; Captions. The covenants and agreements herein
<br />contained shah bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of parag: aph 17 hereof. All covenants and agreF:+-?ants of Borrower s!:ali 6~ joist aaa several.
<br />'fht captions and headings of the paragraphs of this Mortgage are far convenience only end are not to be used to
<br />interpret ar define the provisions hereof.
<br />f+i. Nofice. Except far an}• notice required under applicable taw [o be grveu in another manner, fa} any entice to
<br />Borrower provided far in this Mortgage shag tw given by mailing such notice by ceriSed mail addressed to Barrawer ar
<br />the Praperh' Address or at such uttmr address as Barr~awer may designate by notice to Lender as provided herein, and
<br />tbi any notice fo Lendet shalt ire .?iven 6y certiL~ied mail. r~t!~m retei pt re to 1 girder's n -. slat=a ~ _ _ __ _
<br />such other address as Lend, may designate by nceice to Borrower as providedV herein. ;ny notice-~pmvided,for~in .this
<br />Mc€ti„age slta)1 - d~ ~~ . ha._ ___ given to Bassawer ar i ender who ....... a,,...., ..~aign .GU berate.
<br />I5. Uniforttr M14artgage; s'over^s.ea Lawt Severairiisty. This form .rf marraa cc-rb'm' _a s _a
<br />tn~ unifr*rtrt ._ov-=-Want- for ;:a€iz ai
<br />use and nag-unifernt covenants '.:ith limited -variations by jurisdicron to constitute a uniform securay instrument covering
<br />real propetty. This Mortgage shalt t.+e governed by the law o[ the jur"sdiceion in which the Property is located. in the
<br />event that any prevision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affrrt
<br />other provisions of this Mortgage or the Note 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 />ib. iioemwer's Copy. Borrower shall be furnished a conformed copy of the Note and at this Mortgage a! the lima
<br />of execution or after recordation hereof.
<br />i.T. 'T'ransfer of tom. Pragerty; Assumption. 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 (a) the creation of a Fien or encumbrance subordinate eo
<br />this Mortgage. fb) the creation of a purchase money security rote: est for household aapliarces, tc) a transfer by devise,
<br />descent or by operation of taw upon the death of a join[ tenant or fd! the grant of any leasehold interest of three rears or less
<br />sat eantainilfg a.^. eptian t:; purohate, Lend€r may, at Lender's opt:on, declare ail the st:ms secured by this lvfortgage to be
<br />imtttediatety due and payable. i.ender shall have waived such option to accelerate if, prior to the Bale or transfer. Lender
<br />and llte passer. to wham the Property is to tx said or transferred reach agreement in writing that the cretin of cuch person
<br />is satisfactory to Leader and that the interest payable ar. the sums secured i;v this Mortgage shall be at such rate as tender
<br />shall rtgttest. If Lender has waived the apiion to acceiz; ate provided in this paragraph t7, and if Borrower> successor in
<br />inttresf has executed a written assumption agreement accepted in writing by Lander, Lender shall release Borrower from aii
<br />obligations undo this Mortgage and the Note.
<br />if Linder exercises such option to accelerate, Lender shah mat! Borrower notice of acceleration in acrnrdance with
<br />paragraph i4 ixreai. Such notice shall pmvide a aerial of not less thou 3F) days from the dace thA .:~ _ --- -
<br />wltit;h Harrower may pay the sums declared due. {[ Borrower fails ro pay such sums error fn the expira!ian~of~such~per:^,d3
<br />l~ntler may, w«!haa: fure~,r notice ar demand an ~.rrawer. ~r.v„e any remedies permitted by paragraph i8 hereof.
<br />NoK-Uxt~oaM Cavzrtertas. Borrower sad Ltndar further ccwenant anti agree as f'niiaws:
<br />f& Acseiesffi'lga; Rxe!edies. EACCtPt ss Pirovit3ed in par~ragA F 7 SserecrF, upon Borrower's beeacb of any covtasut or
<br />~t'~tuent of iiarrawer in ihLs Mortgage, isciudisg the cosenants is pay when dice any surrffi secured by this Riorigage,
<br />f,asfer 4riar 4a acetkratioa sfa~ taaB nofute to Bat'rawer as prey ided in parawraple Ed htreaf sPeeifyiag: (i} the 8eeaeh:
<br />t21 ~ actir~a* raaut,»R w c.=~ _~e, t~~._5, rx, ~ 3~~ ~. _
<br />Sys fem..:. t.~ tinge me notice iv mailed ro eearrownr,
<br />by wfbirh snob bresele taunt era s•tuefit aad~{sl)~tlrai taBnre to mere ssteh breach an or btfore the date specified in the notice
<br />Keay ra~nf! iK as~eitradiat of the sannv secnred b}' this Isiartgr~t, Forectasare b} jndicisi pnxzediug and sate of the Property.
<br />Ttkt sakes "'"" fesiiser i~sarH- Rueruwer of the right to rtinvtaix after aceeter:tion and tbt rig6N to assert in the fareckesure
<br />Fri tl~ mon•cAietta:c cd a de[auh or sag othax t~fe~e of Rorro++er to arce#traticra and Foreclosure. If floe lrrea~h
<br />is qsd eursd an ae Aefart the dais is tWe neatiCe, lzas4r at ixntter's ai6tian ma}~ dc~lare aB of the spore secnred by
<br />~F to Ibr irartateiy tine areal psyr wftbavt farther s;~rraaad end [nay foree$aae b} )!rdieiai praceedi~. I.cader
<br />?~ taei~"..`3 ~,.4:,+t 'y. :'R ^P;t;:~ei's~- ~,#' ;<xpe-wsca rf Fare.::osstt, isfiiud~lq, inri twt `tintittd to, e.~s of rtacamentary
<br />„ m, .rs.~r. a,..t rrrx~ .
<br />f$, T4erroner's kigia! to iia5rr€eao#o. ',vctwsihstardsr,:t Lertl~r", .t.,;el.~r-r..,,, .:I •h_.. __.-.~,..:,.5 c,.,
<br />r3'Lees?Awer ~lta„i tta7t ft}r, right (n he^t any' c ~xdinx, hC~'erE errdct ,-. _..... s th., li ~ __ _ - ..1 _,
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