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<br />Lender's written agreement or applicable law. Borrower shall pay t}se amount of a6 mortgage insurance premitmta in the
<br />manner provided under paragraph 2 hereof.
<br />Avy amounts disbursed by I_ertder pursuant to this paragraph ?. with intenest thereon. shalt become additional
<br />indebtednesc of Borrower secured by this Mortgage. [;nkss Borrower and Lender agtce to other temu of payment. such
<br />ansounts shall be payable upon rwtice from Lender to Borrower requesting payrrtent tfttreof. aril shall bear interest from the
<br />date of disbursement at the rata payable from time to time on outstanding principal under the Noce unless p:pment of
<br />"rnterest at such rate would be contrary to applkahk law, in which event such amounts shah bear intttist at the highest rate
<br />permiserble under applicable law. Nothitsg coretairted in ttsis paragraph 7 shall require Lrndtt to incur any expense or take
<br />nay aMion hereuodtt.
<br />8. Iwspeetiaw. Lender may make or cause to be made reasonable entries upon and inspections of [he Property, provided
<br />that i.endtt shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cowdemwatbn. The proceeds of any award or claim for damages, direct or conseq»ential. in connection with any
<br />condemnation or other taking of the Property, or part thtteof, or fur conveyance in lieu of condemnation, are hereby assigired
<br />and shall be paid to Lender.
<br />In the event of a rota! taking of the Property. the proceeds shall be applied to the soma secured by this Mortgage,
<br />with the excess, if any. paid to Borrower In the evrnt of a partial taking of tbe Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage sash pmportibn of the proxeds
<br />_ as is equal to that proportion :~hich the amoum of the sums secured by this Mortgage immediately prior m the date of
<br />taking bears~to rise fair market value o` the Property immediatey prior to the date of taking, with the 6atance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor often to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized io soiled arrd apply the proceeds. at Lender's option, ether to restoration or repair of the
<br />Property nr to the sums secured by this Mortgage.
<br />Ltnle_•s t~r;•!•r and a,.rrewar cther::isy sa-ri:e in wiling, an. such application of proceeds to principal shah not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs) and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Nof Rekseed. Extension of she time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lr~eder fo any successor in interest of Borrower shat{ not operate to release. in any manner.
<br />the liability of the original Borrower and Borrower's successors fie interest. Lender shall not Fse required to commence
<br />procsedings against such suaessor or refuse tv extend time fur payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of arty demand made by the original Bvrmwer and Borrower's successors in interest.
<br />1 t. Forttearawce by [.ender Not a Waiver. Any I'nrlsearance by Lender in exercising any right yr remedy hereunder, or
<br />otherwise afforded by applicable law, shall not lre a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of imurance or the payment of taxes or ether liens or charges by Lender shall not be a waiver of Lender's
<br />right to acceleratt the maturity of the indebtedness secured by this Mortgage.
<br />t: °eaedies C®nh6lve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or eyuiry, and may be exercised concurrently. independently or successively.
<br />13. Successors sad AtaiRas honed; lame awl Sererd I.ia68ity; Captions. The covenants and agreements herein
<br />contained shall bind. and the fights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. .All covenants and agreements of Borrower shall be joint and several.
<br />The 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 />t~E, Notice, Except for any notice required under applicable law to be given in another manner ta) anv notice to
<br />Harrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed tv Borrower at
<br />the Property Addrest or at such other address as Borrower may designate by notice to [_ender as provided herein, and
<br />fb,l army notoce to Lander shall be given by certified mail return receipt requested. m L.rnder's address stated herein er to
<br />such atlser address as Lender may designate by notice to Burrower as provided herein. .Any notice provided for in this
<br />Pv°artgage shall rte deemod to have beers given to Borrower yr lender when given in the manner designated herein.
<br />33. I!rsiform Mart(;age; Goeerrsvg Law; SererabBity. This form of mortgage combines uniform covenants for national
<br />and nxt-uniform covenants with limited variations by jurisd;ervn tv constitute a wsifetm security irstremer+.t cvvetv^.g
<br />real praprrty. 'Tis4s Mortgage shall be governed by the law of the iurisdfction in which the Property is located. In the
<br />even :hat any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
<br />etrd the provisions of the Mortgage and the Note are declared to be severable.
<br />1& Borrower's Copy. Borrower shalt be Furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Trawsftr of the Property; Asermpt)on. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. Eb) the creation of a purchase money security interest for household appliances, (c) a ?ransfer by devise,
<br />descent or by operation of taw upon [he death of a joint tenant or fdi the grant of any Ieaxlxsld interest of three years or less
<br />oat containing an option to purchase. Lender may, at Lender's epuon, declare all the sums stored by this Mortgage to be
<br />im>rrediarcly due and payable,. Lards:r shalt have waived such option to accelerate if, prior to the sale nr transfer. Lender
<br />and ttw: person tv whom the Property is to be sell or transferred reach agreement in writing that the credit of such person
<br />is satisfaetar- to 'L.andcr and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall rsgscest. if I_rnder has waived the option to accelerate provided in this paragraph 17, and if borrower's successor in
<br />interert has exec ueed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from alt
<br />obligatwns under this Mortgage atsd the Noe.
<br />If Lends: ezercrises such option to accelerate. Lender shall mail Borrower nonce of acceleration in accordance with
<br />paragraph tS txreof. Such notice shall provide a period vi not lea than 30 days from the bate the notice is model within
<br />which Borrower may pay tIce sums declared due. If Borrower fails ro pay such sums prior to the expiration of such period,
<br />Lender tray, without further notice or demaixl on Borrower, invoke any remedies permitted by paragraph [ B hereof.
<br />N~rrt-urvsz=oarw ;;c~z~.a>+-rs. 3c.rrower and lender further covenant and agree as follows:
<br />16, Atederafian; Reodbes, Fseept as provided m patragrrpi 17 hereof, open ttorrowe2s brsaei of aey certsaoi or
<br />a;rteosnt of borroaver is tmrt =slori~e, iocfnd"mg tbe covcrtaoea to pay whey doe any sntaa sectrced by fhw Moryp`c,
<br />Leader ~tiar m scstikrobw siw6 wrath notice to tlnrrewer as provided in paragraph t4 hereof apecifyirrg: (t) the breach;
<br />(2) llte aetlot ragtYrsd to care much trench; t3) a daft, wW lone thaw 30 days from the date the twtke k mailed to ltorroweq
<br />!ry whisk aaeb breaeb owe Me cttrsd• awl (4) that (aYwre to care swcb Itreaeb ow of before the date rpeefBed is the notlee
<br />aaaY rtaab ip #ertMrallan o! the arm tectntd by thq Martf(ttte, fareclestae by jadkia! prateediwg rod sale of the Properly.
<br />7'be soles sirR fratber iriann Ibrrawtr ssf ibe r(Sbt in reiwNate sftw acceleraliow and the rialn to assert io ttw tnreclns...e
<br />peawerltrtg the wow~talalaace of a delark or nay osier Aefeaas of eorrawer to irsceteraUon end lereslaaare. if the Intacb
<br />is wsa saasd as or blare the date speeibad h tie watke. Leader at teadmss option rway deeitre all o[ the ss~s secured by
<br />iii Mae~e o be foexdiateiy dse and paywWe without tnriber dearaad tad arty foreclose by jadkld pruceedi~. I,essder
<br />siril hr ewtitled b cwlfect m aneA praoadisg aN eapsasea of lereclasare, inelaAw{, bW not Bolted to, aorta of dacrmerttary
<br />evitt~ce, abalraers oral 31Ht rtporta.
<br />:#• iarrewsta ~ to Raillsilwe. Notwitiattndmg ixader's accekrattvn of the .urns secured by this Mozy(age.
<br />Bnrtawar sisall hoot the rlglµ to have any prsscealiags tsegun by I.endsr to cnfwsx tiffs Mongags dixonunssed at anv ume
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