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<br />Lender's written agreement ar applicable taw. Borrower shah pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />..ny 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 Lender agree to other terms of payment, such
<br />- amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />dolt of disfst:rsement at the raft payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shah 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 />°~y any action hereunder.
<br />8. Ittsptettloa. Lender rosy make or cause to bt matte reasonable entries upon and inspections of the Property, provided
<br />j *_hat Lender shalt give Borrower notice prior io any such inspection specifying rcasonahle cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cortderetastloa- The prxceds of any award or claim far damages, direct or consequential, in connec[ian with 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 the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />whit the exczss, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shah be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal 3o that proportion which the amount of the sums secured by this Aiortgage 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 balance of the proceeds
<br />paid to Borrower
<br />ff the Property is abandoned by Borrower. or if, after notice fiy Lender to Borrower that the condemnor offers to make
<br />an award or set8e a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />matted, Lender is authorized to collect and apply the prxceds, at Lender's option, either to restoration or repair of the
<br />Property ~r ra rl,. .,".^.s secared by this r¢gsge.
<br />Unless Lender and Borrower aherwise agree in writing, any such application of prxceds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs E and 2 hereof or change the amount of
<br />such instal9ments.
<br />iB. Borrower Not 1?:ehtttsed. Extension of the time for payment or modification of amortization of the sums secured
<br />by ibis Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner,
<br />the 9iability of the original Borrower and Borrower's successors io interest. Lender shall not be required to commence
<br />prxtedings against such successor or refuse to extend time far payment ar otherwise modify amortization of the sums
<br />aerated by €his Mortgage by reason of any demand made lay the original Borrower and Borrower's successors in interest.
<br />II. Irttrbearante by I.errder Net a Waives. Any forbearance ~y Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by 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 shall net be a waiver of Lender's
<br />right to accelerate the maturity a# the indebtedness secured by this Mortgage.
<br />22. Retaedies Comatlative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by 9aw or equity, and may he exercised concurrently. independently or successively.
<br />23. Sattessors and Asserts Boaad; Joint amd Several Liability; Captions. The covenants and agreements herein
<br />contained shat! bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants am? agreements of Borrower shall be joint and several.
<br />Tilt captiaats and Iteaceirgs of the paragraphs of this Mortgage are for convenience only and are not to t>e used to
<br />interpret ox define ¢he provisions htreaf.
<br />t+l. Tfotect. Except far any notice reyuired under nppiecabit Saw ro be given in another manner, (a) any notice to
<br />Burrower I,"Irovided for in this Mortgage shall ht given by mailing such notice by certified mail addressed to Berrowtr a!
<br />the Prr'tperty Address ar ad such other address as Borrower may designate by notice to Lender ;ss provided herein, and
<br />ik3 any t;atice is I.tncier strati he eiven by certittd mail, rerun+. receipt regl;asled, to Lender's addre~ s€ated her_Eu or to
<br />such c!)ttr address as Le:tdtr may designate by votict to Barniw~tr as pntvidtd herin. Any notice provided for in phis
<br />Martgagt she:}! be t¢~cen:td to have k;ttn givers !o Borrctwe!' ,.:r lender whin gi:°tn in the mamser clasigra¢td herr;in.
<br />td. Uetllornn C'Ulortgage; Goveradne I~w: Severabetity. T)ris form of mortgage se-mhines uniform cov=vauts for national
<br />use and non-a:rifarm coverants with limited variations by jurisdiction [o consliutte a unifomr security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable 9aw, such rnndict shall not affect
<br />other provisions of this Mortgage or the Nate which can be given effect u•ithaut the conflicting provision, and to [his
<br />end the provisions of the lvfortgage trod the Natc are declared to be severable.
<br />Ifi. Borrower's Copy. Borrower sha9l be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 'i'raavfer of the Property; Aaatmption. If alt or any part of the Propeny ar an interest therein is so?d or transferred
<br />by Hon•asver without l.endtr's prier written consent, excluding (a) tfie creation a1' a lien or encumbrance suboNinste to
<br />Yhis Mortgage, (h) the creation of a purchase money security interest for household appliauces, tc) a transfer by devise.
<br />dta;tent cx by aperatien of taw upon the death of a joint tenant or id) the grant of any leasehold inreres¢ of three vean or ?tss
<br />not c:atttaining an uptio:a to purchase, Lender may, .ti L.cnder's option, declare ail the sums secured by ttris Mattgage to he
<br />immediately due and praynbie. Lender shalt have waived such option ro accelerate if, prier to the salt err transfer, Lender
<br />and I;he l,terson to whaim t}u; Property is to be sold or transferred reach agreemtnnt in writing the[ the credit of sucfi ptrsan
<br />is sa¢is~.'actary to lender sand ;hat thr. interest payatsie on the sums secured by this Mortgage shall he at such sate as Lender
<br />shall letiry,test. if i.tnder ha.s waived !M: opiiar, zo accelerate provided in this t~tu'agr'aph 17, and ii Borrower'-s successor in
<br />in[ertsc lass executed a written assumption agrttntent accepted 9n writing by Lender, Lender shall release Borrower from ail
<br />obligaiians under this Mortgage and the Note.
<br />If Leader cxttcisa' syrctt option io accelerate, 1_etader shall mail Borrower notice of acceleration in accardanct with
<br />parag(aplt '14 hettof. St~i<1'r rlotsce she?! prnpide a ><°eiod of nx?C !t_s 'bar; t!? t;Vay- frc,,;t ing dais the n - e3 ~aiicd ~.vithin
<br />which Borrower may pay t9te sums dec9ared due. If Borrawtr fails to pay such sums prior ¢a eha expiration of such pretext,
<br />Len~~r rteay, sviihaw f;.s Ehic; ,-,rte .•,r dcniae3d ou iiarrowzr, invokt any remedies permitted by paragraph I8 hereof.
<br />Nosy-Uwrt'oa[w Covr;,rs,st:ss. Borrower and Leader further covenant and agree as fol9ows:
<br />28. Ascelerafba+ BGrlatedita. !?scept ~ prorided in paragraph 17 hereoF, upon Btareower's breach of axy covenant or
<br />q+rnem~rN of Borretver in skis Mtxtgagq iacludlag fke covenants to pay wbtn dot any sums secured ky tkix Mortgage.
<br />i,t9adtr prior to ~rxlarallr~a t n.srt €artire to Batrewer as ptavided in paragraph 14 bettoe .specityettg: 11) the breach;
<br />sal t~ ~ete.a ~~..tmx :~ ,.u~ ..,~~ .~
<br />-- - ~° °~~ ~A °"` ± iii a dais, trot eras: ikon 3+i days erom tut daft rite rretke is mailed to Borrower,
<br />try wA4ei sack bae~h roast bt cured; and (42 ikat faBure to cure such breath on or 6etare the date specitkd in the twtirt
<br />may r+srmit in atceitratbn of Net soees aerated by Ibis iNtrttgtrge, torecbaart ky jadecial prottediaK sad salt oe the Property,
<br />Tfae notkt shalt tariktr kaforar Borrower of the right to reinstate alter accetertttba and tbt right to astttrt is tbt foreclosure
<br />~protteadi~ ~ m+a•as!stguze oe a daeeuit or eay other deflect of i~rrnrrer to atceitratioa and forecloxurt. If tke ttrrach
<br />ie eat sntr€1 tsa or bifvrt ter txt sptti6x;d la tt~ aodr..t, Leader at I.rreder's apiioa may declare aB of eke auras secured by
<br />~ Leg-'tgsge to 6e lrsssaediately doe a[~ payaGk sritbout fustker +Iemaad and may ferw:iasc by judicial Prrtcetding. Leader
<br />*~ l;a: wai+ ~d k+ to,~.ri i® sulk procetet~ ap expenses of fortcWsurt, iucladGag, iwr net itm#td to costs oe aotarnettwry
<br />xvi;'.~Qra,~`-,~~t3 tfisG re~tris,
<br />19, Borrr~ttt'a 1%irhe t )3eit~x~- ?~~,€ve rh a ~ n~ a ..tom -_
<br />Borrcwtr s#:aei have the rtaht t4 Ftuve 3„v pr,nY a '• t, s ; t., n~-- sc~;..ared c; tuts Mortgage.
<br />~ t"a..•[ e ;„ tt ~„•,,~.~ ,,., +,,,ngagc; dxccunrmu~ at any Lima
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