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<br />I.tndex's -.vrinen agrer±rxnt or applicabx law Borrower shah pay the anwunt ~ aB mortgage insurance premiums in the
<br />manner provided under puagraph 2 hereof.
<br />.4ny amounts distsursed by I.toder pursaant to this paragraph 7, with merest thertarr. shag become additional
<br />indebrcdntss o{ Borrower second by this Mortgage. Ltnless Borrower acrd 1_ertder agree to ottrer terms of payment, such
<br />amamts shall rte payattk upon notice from Lender to Borrower renucsting payment thereof. and shaft bear ineerest from the
<br />date of disbursetrxnt at kbe rate payable Frmrt tuns to time on otr•siandmg principal under the Note unless paytttent of
<br />iMtrest at such rate would be contrary• m applicabtc iaw. in which event stecit amounts shalt bear interest at the higltea rate
<br />petmisdbk under appiicahk law. Nothing captained in this paragraph 1 shall requite Lentkr to incur any expense or take
<br />any action hereunder.
<br />g. Japecdoe. Lender may make or cause to be made reasonabk entries upon and inspaYiotts of the Property, prmided
<br />that Lender shall give Borrower notice prior to any web inspeMicm specifying reasonabk cause therefor related to Lender's
<br />interest in the Property.
<br />9. CondemamNon. The proceeds of any award or claim for damasss, direct or consequential, in cotsnection with any
<br />condemnation ar other taking of the Property. or pan thereof. or for conveyantt in lieu of condemnation, arc trereby assigned
<br />and shall be paid m Lender.
<br />in the event of a total taking of the Property. the proceeds shall be appled to the sums secured by this Mortgage.
<br />with the excess, if any. paid to 13crrmwer. [n the event of a partial taking of the Property. unless Borrower sad Lender
<br />otherwise agree in writing, there shad be applied to the sums secured by this Mortgage arch 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 daft of
<br />taking bears to the fair markee value of the Propem~ immediately prior to the date of taking. with the balance of the proceeds
<br />' paid to Borrower.
<br />If the Property is ahandoned by Borrowe:. or if. after notice by lxnder in Borrower that the condemnor offers to tttake
<br />an award or settle a claim for damages. llorrowcr fails tc respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either m restoration or repair of the
<br />Property- or to the sums secured try this Mortgage.
<br />Untsss Ltndtr and 13nrrow'er otherwise agree in writing, any such application of proceeds to principal shall trot extend
<br />or postpone the due date of the monthly installments refetmd to in paragraphs I and 2 hereof or change the atrtoum of
<br />such mstalirttents.
<br />10. borrower .'Von Released. Extension o£ the time for payment ar modification of amartizatian of the SUMS secured
<br />by tlz~s Mangage granted by Lender to any successor in interest of Borrower shall not operate to release. in any maaneq
<br />the liability of the original Baerower and Borrower's successors in inrercst. Lender shall not be required io comttteace
<br />procse+liags against suth successor or refuse to esttnd time (or payment or athenvise modify nmortizaiian of the soma
<br />secured bu phis Mortgage by reason of any demand made by the priginal Borrower sad Borrowers successors in interest.
<br />11. Forbearmee Icy Letrdsr Nat a Waiver. Any forbearance by Lender in exercising any right ar remedy hereunder, or
<br />otherwise nlTordrd by applicable law, shall not be a waiver of or preclude the exerctise of any such right or reirtedy.
<br />The procuretrtent of insurance or the payment of taxes or other liens or charges by tender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Resasdies Ctrmvlatlve. 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 concurrentiv. independently or successively.
<br />l:i. Ssreceasma and Assigns Boarrd; Joint and SeveM LiabiBfy; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall more to. the respective successors and assigrs of Lender and Harrower.
<br />subject to the provisions of paragraph I 1 hereoT. All covenants and agreements of Borrower shall he joint and several.
<br />77te captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or defarae t'rte provisions herrnf.
<br />14. Natree. }Lscspt for any satire required under applicable tau to Ix given in another manner, 'a; any notice to
<br />Borrewcr pruvrdcd ter in this Mortgage shat! be given by mailing Huth notice by certified mat! addressed to Borrower at
<br />the Proyxny Addrtss +.xr at such other address as 8arrnwer array designate by notice fa Lender as providtd herein, and
<br />(f:? any taotict to Ltra+i:,.r shall Ire given by cerrifkd mail, return receipt requested. to Lender's address rotated herein or to
<br />such usher address as Lender may designate by trotice to llarruwtr as provided hercnn. Any notice nravidsd for in th'~e
<br />'.Mir*-t$,ags ;l;u:, ;~ deemed io have been given to Bc*.rrewer cr l.cnder when given in the manner designated heretr..
<br />15. Llrtifortn Moesgage; tiovettdrrg Law; SevsrabBlty. This form of mortgage comlaines uniform covenants for national
<br />4:st and ni;ta-uniform ccvvenanis with tiro i;sel varianeres by jruisdreti<?n to ci+nstitutt a uniform secunty insirumtttl covering
<br />real praptrt y. 'f1tiE. Mortgage shat tit governed l:y the law of the iurisdiction in which the Preptny is located. in the
<br />event that any provision or clause of this Mortgage or the Note ronflicts with applicable law. such conflict shall not affect
<br />other nravisions of this Mortgage or the Vote which can be gtven effect without the conflicting provision, and to this
<br />ertd the provisions of the Mortgage and the Vote are declared to be severable.
<br />t5. Borrower's Copy. lierrower .hall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or liter recordation hereof.
<br />il. Traocfsr of the Prapeety; Aaw®ptbo. 1f all or any part of the Property or an interest therein is sold or transferred
<br />6y Borrower without Lender's prior wnntn consent, excluding !a) the creation of a hen or encumbrance subordinate to
<br />this Mangagc, fb) the creation of a purchase money security mteresi for household appliances, (c) a transfer by devise,
<br />descenq. or 6y operation of law upon the death o{ s ioint tenant or iJ1 the grant of any leasehold interest of three years or less
<br />not containing an option to purhase, Lender may. at Lender's opuon. declare ail the sums secured by this Mortgage to be
<br />imtutdiattiy dot and nayahie. tender shall hose waived weh opuon to aceelerate if, prior to the sale or transfer. Lender
<br />sad the person ro whom the 1Roperty is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisf~actary to bender and that the i.atere~st payabh nn the sums secured by this Mortgage shall be at such rate as Lender
<br />sJ:al6 rstluest. If (.,ender has waived the opuon to accelerate provided to this paragraph 17, and if Borrower's successor in
<br />inte~~resk has executed a wrttea assumption agresmuu accepted in writing ny Lender. Lender shall release Borrower from all
<br />obifga.tiana under this Mortgage and tin Noit.
<br />if Lsn+fer ezerclses sw;h option to accelerate, 1_cnder shall mail Borrower notice of acceleration in accordance with
<br />paragraph l3 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Burrower fails to pay such sutns prior to the expiration of such period,
<br />Ltadcr tttay, without further notice or demand on lbrrower. irrvoke any rerrtedies permitted by paragraph 18 hereof.
<br />Noll-IlntFOaat Co:~rvxnrs. Borrower amt Lender further covenant and agree as fMlows:
<br />16. Aaceiuaaaot iRemedks. Etrcepl as presided in pamasapb 17 hereof, npoo bortower's brcacb of nay eaveaeat or
<br />agrttraraf of baerawu is tbla Martyags> iacltdiag the careaants to pay when dos nay some secrtred by thin :Hortgage,
<br />[.tatdtr prier to taeseletaflnn s6at1 mail nutlet to Borrower as provided io pttangrapb t3 hereof apecHyisq: (1) Ibs breacb;
<br />(?.) Ebs actbta tsgalrsd to cues anch 6rttacb: tJ) a Bats, oo! leas than 3B dttya frost the date the notice b mailed to Harrower,
<br />by rsbisla sorb breach mast be cored; sad (4) that taHare to corn ancb beach oa or betwe the date sptxiSed in tM Holies
<br />tatay rs~ is xseteruisa of !tx saris secased by this Mor~age, tetrcl9wre by jttdlcid proceedlag sad sale of the Property.
<br />'rse u,~tin rlati f...r6.: t~r.,~, a®.~~,..~. ,.r ._~ _ __ _ _ _ _
<br />praceedbig the ntta-t:bttacs of a r6sfaah or soy ether defeane of Horrower ta~~accekratioa sod foreciawrs, if fhe breach
<br />fa ale land as ar bsfanc the dais apeclBN is the natke. (.ceder at t~sru~r's aptiaa nosy dertvrs all of the sums oersted by
<br />this !ibartgags b bs imaasdiste[y des end payable witbaat [anher dauaad alai mqt foreclose by jttdlcial prucedliag. I.eoder
<br />shah be eatJtkd to collect in such praceediag all taptases of forsclosare, IexFsrYag, ba tsw limited to, costs of dacameatary
<br />svWace, tsbtancta and tide repstsat.
<br />ifl. b6![aXM'a R1sW. ist ltsLs[ala, Votwithstandrng i.ender'> aceekzalwn of thy. wms seccared fry [hrs Mortgage.
<br />borrower slsatl have the riteht to F:avt env prnctsdtngs issgun t'Y I.cads* to er. f:?roe thn Mattgage doe,>nt:n;rr3 at any t:;m
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