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<br />Ixnder's written agreement ar applicable taw. Borrower shall pay the amamt of all mangage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed try tender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Harrower and Lender agree to other tettns of payment, such
<br />amounts shall be payable upon notice from Lender to Borzawer requesting payment thereof, and shalt hear interest from the
<br />date of disbursement at the rats payable from time to time an autstanding principai under the Nate unless payment of
<br />interest at sash rate would be cantrary to applicable law. in which event such amoums shall bear interest at the highest rate
<br />permi.~bte !,odor applicabie law. Nothing canfained in this paragraph 7 chat! require Lender to incur any expense or takt
<br />any action hereunder.
<br />8. Inapestton. mender may make or cause to he 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 Lender's
<br />interest in the Property.
<br />9. Coadsmnatlon. The proceeds of any award or claim far damages, direr! ar consequential, in cannection with any
<br />condemnation ar other taking of the Property, ar part thereof. ar far conveyance in liet.t of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a fatal taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any. paid to Borrower. In the even[ of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing. there shall he applied to the sums secured by this Mongage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mongage immediately prior to the dots 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 />if the Property is abandoned 6V Borrower. or if, after notice by Lender to Harrower that the condemnor offers to make
<br />an award or settle a claim for damages, Harrower fails to respond to Lender within 3D days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at iender's option. either to resooration or repair of the
<br />Property or to the sums secured by this Mangage.
<br />Unless Lender and Borzawer otherwise agree in writing. any such application of proceeds to principai shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and Z hereof or change [he amount of
<br />such installments.
<br />10. i&wrorrer Not Released. Extension of the time for payment nr modification of amortization of the sums secured
<br />by this Mangage granted by Lender !o any successor in interest of Bnrzower sha8 not operate to release, in any manner.
<br />the liability of the original Borzower and Borrower's successors In interest Lender shall not Ue required to commence
<br />proceedings against such sttccesser or refwe to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />r- ~$1r.~Y~rapee try Lender Not a Waiver. Any forbearance by i.ender in exercising any right or remedy hereunder, or
<br />o~"t6iWri5e affprdsd by applicable law. shall not he a waiver of nr preclude the exercise of any such right or remedy.
<br />'tits procurement of insurance or the payment of taxes or other liens or charges by Lander shall not he a waiver of Lender's
<br />rtg# kt•-accelerate the, mafurity of the indebtedness secured by this Mortgage.
<br />IZ flesnedies Cmaulsdve. All remedies provided in this Mongage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently, independently or successively.
<br />13. Soccessota sad Amens Bound: Joint attd Several i.iatrilify; Captions. The covenants and agreements herein
<br />comained shall hind, and the rights hereunder shall inure to. the respective ntccsssors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph i7 hereof. All covenants and agreements of Borrower shalt be joint and several.
<br />The captiaas and headings of the paragraphs of this ilnrtgage arc for convenience only and are oat to be used to
<br />interpret or define the provisions hereof.
<br />Yd. Notice. Except far any polite required under applicable law to be _eiven in another manner. (a) any notice to
<br />P,ancwar pravi:.ted for ir, this Mangage sbali !~ eiven by matting such natttc by c r!ified mail addressed !o Barrowsr at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be eiven by certified mail, return, receipt requested. to tender's address stated herein or to
<br />such other address as Leader may designate b}• notice to Borrower as provided herein. .Any notice provided for in this
<br />Mortgage shall be deemed to have peen gives to Harrower or Lender when given in the manner designated herein.
<br />iS. Utuforsa Mortgtgte; CoverniaG Law; Severability. This form of mortgage combines uniform covenants for national
<br />use and trot!-uniform covenants with limited variations by iurisdictinn to constitute a uaiform security instrument covering
<br />real property. This Mongage shall tre governed by the law of the jurisdiction in which the Property ~s located. in the
<br />event that any provision nr clausr of this Mangage nr the '`tote conflicts wilt applicable law, such conflict shall oat affect
<br />other provisions of this Mongage nr the tiote which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the tint! are declared to be severable.
<br />16. Bsrroweis Copy. Borrower shall be furnished a conformed copy of the ;slo[e and of this Mortgage at the time
<br />of execiniron ar after recordation hereof.
<br />17. Tetuufer of the heoperty; Autimption. if ail nr any pan of the Property ar an interest therein is sold or transferred
<br />by Borrower witl~aut L=t~ti s prior wrint!r ccrnstat, excluding (a? the creation of a lien nr encumbrance subordinate to
<br />!iris Mortgage, (b) the creation of a purchase money ,ecuriiy mierev for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or idt the gram of any leasehold interest of three years or less
<br />rat containing an option to purchase. lender may, at !..ender! option, declare all the sums secured by this Mortgage to be
<br />immtdia[sh• due and payable. Ltnder chat! base waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and Lire person to whom the Property is to be sold or transferred rea::h agreement in writing that the credit of such person
<br />is satisfactory to Lender and that t}te interest na}able on tbt sums secured by Ibis Mortgage shall be at such rate as Lender
<br />shad request. If Lender has waived the option to secsierate provided in this paragraph l7. and if Borrower's successor in
<br />interest has executed a writtep assumption agreettitni accepttd in writing by Lrnder. Lender shall release Borrower from all
<br />obligations under this Mortgage and the tiate.
<br />If Lender exercises such option, to accelerate. Lender shall mail Borrower notice ai acceleration in accordance with
<br />paragraph 19 hereof. Such notice shall provide a period of not less than 3Q days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower faits w pay such sums prior to the expiration of such period,
<br />Lenderlnay, without ftuther notice or dematrd an Borrower. ;nvoke any remedies permitted by paragraph IS hereof.
<br />tr'osu-{ix2FO=*t Ct>rEriadrs. tlorrawer and Lender further covenant and agree as follows:
<br />I8. Accskrafiaa; Raatedies, Fatept as provided is paragraph 17 dereof, upon Borrower's breach of any corettaot or
<br />i~ra6a3eaf of Borroser is th$ iNortRage, iac(ndiag the covenants to pay when doe any sums secured by this Mort~e,
<br />iapder t to acttkration shelf taaif notice to Borrower ab provided is paragraph. I4 hereof specifyit~: fl) the breach;
<br />d~ elte actias rtQautrtl to care stxh breach; (3! a date, tat lei tiwn 30 days franc the dais ih» notice is mailed to $orrower,
<br />try arltich.iwch hrsach wit & eared; sad (1) that Pailare to care such breach on or before the date specified in dhe notice
<br />aHp' rutd4 is arcelaratiioa of the cams setared by this ~4ortgage, foretbsttre try judicial pmcsediag aad sale of the Property.
<br />TAa' xafi~e samll iaet~r Dorm l{orenwer of rite right to retie after actekraiion and the riRbt to assert in the forecbsure
<br />)e the nos-4:isteete of a dafiwtt o[ any other tkfease of Harrower to atseteratioa and toretlawret !f the breach
<br />}s ~ sr~ oa ~ 9efore the 9~s apstided is limn entice, Leader at Lender's option may dollars all trf the sates secttsed try
<br />tiath.l-laYfgigt dr bs imza6tBMCly doe aed paya6fa withont farther demand sad ttwy fotec)ase by jaditiat proceedtag. [.emkr
<br />1 1Mr tam to coaaN la stlsh pracssdiae ail expellees of foreclosure, inrhtdi~, but naN Bathed to, costs of documentary
<br />evitiaaca, alrrtraeN aed Ntle regotg.
<br />]~. lffn'axsr"a. Rfgii to 1R+daetrde. tiatwithsiapding Lsudsr's actclcrauan of the aumx secured by thix Mortgage,
<br />~rros~r shalt hays ih~ r~lti to hays any ptocsedings begun by lender t:+ cnintct this ~4c>ri8a~ diseantrnusd ai any time
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