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<br />Lender's written agreement or applicable law. Borrower shalt pay the amount of all mortgage insurance premiums in the
<br />mao[ier provided under paragraph 2 hereof.
<br />Arty amounts disbursed by Lander pursuant to this paragraph 7, with interest thetee^.. s::_Il become additional
<br />indebtedtxss of Borrower secured by this Mortgage. Unless Borrower and Lender agree to nr;ter terms of payment, such
<br />itx[rauttts shaft be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest ftrnn the
<br />daft of disbursement at the rate payable rrom time to time on outstanding principal under the Note unless paytttent of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shah beer interuwt at the highest rate
<br />p~lla uttdcr appiixb>~ law. No~ins camained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hrreundu.
<br />R ~~• [.ender may make or cause to be made reasonable enMes upon and inspections of the Property, provided
<br />that Lender shag give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in Nx Irropcrty.
<br />4. CaadaaaN6ea. The proctxds of any award or claim for damages, direct or consequential, in connection with any
<br />catddnttation or offset taking of the Property, or part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />atsd shall br paid to Lender.
<br />In [he 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 event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agt~ in writing, there shat! be applied to the sums secured 6y this Mortgage such proportion of the proceeds
<br />as s aqua{ to th-: proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking beam to the fair market value of the Property immediately prior to the date of taking, with the balance of fire proceeds
<br />paid eo lorrower.
<br />I[ the Properly is abandoned by Borrower. or if, after notice by Lender to Sorrower that the condemnor oftera to [Hake
<br />an award or settle a claim far damages, Borrower faits to respond to tender within ?0 days after the date such notice is
<br />TBaikd, I.srtder is atrthorized LO Canal and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. am• such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly instaflments referred to in paragraphs I and ?hereof or changt the amount of
<br />such installtrtents,
<br />J@. Bartower Not &eieaaed. extension of the time far payment or madiflca[ian of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt oat operate to releas, in any ma:naer,
<br />the liability of the original Borrower and Borrowei s successors in interest Lender shall not be required to commtmce
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />soured by this Mortgage by mason of any demand made by the original Borrower and Borrower's successors in interest.
<br />IJ. Potbarsee by Leader 1Vot a Vrahet. Any' fot•bearance by Lender in exercising any right nr remedy hereunder, or
<br />cttirEtwi~ affard~ by applicable law, shall oat 6e a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of iruurance or the payment of taxes ar other liens or charges by Under shall oat he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Rewedlta CwwataM-e. .Ali remedies provided in this Mortgage are distinct and cumulative to soy other right or
<br />remedy under this Mortgage or afforded by law or equity, and may he exercised concurrently, indeprndentiy or successively.
<br />t3. ~cetrsan and Aatdgws Boated; Joist and 3evtrai f,iabiBty: Captions. the covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure ta, the respective successors and assigns of Lender and Borrower,
<br />subjat to the pravisiorts of paragraph i? hereof. Al! covenants and agreements of Borrower shad be joint and several.
<br />The captions aad httaditrgs of the paragraphs of this Mortgage are for convenience only and are no[ to be used to
<br />intrrpt~ ar .~f."^~ fhe praviBilTaS I?~?f.
<br />14., iVatlcte. Fvxcept for any notice required under applicably Raw to 6e given in another manner, (ay any notice to
<br />borrower provided for in this Mortgage shaft he given icy mailing such notice by certified mail addressed to Borrower at
<br />the Property Address ar at such other address as Bnrmwer may designate by notice in Lender as provided herein. and
<br />Ib} any notice to Lender shag be given by certified mail, return receipt requested. ro Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Barmwyr as provided herein. .tug tiotirx~pZctiylded for'in this
<br />Mortgage shalt be dratted to have been given to Borrower or lender when given in the nasansr-:t~Jgt6arCd herein.
<br />t5, Uwifmw Mwgssee; Cvnrrerq~g I.aw: SeveraitBity. 'ibis form of mortgage combines uniforut ca3tcnan?s.f©r national
<br />use and non-uniform covenants with limited variarians M• iurisdictinn to constitute a uniform-security-~indntttient covering
<br />real property. This Mortas¢e shall be governed by ti,r law of the iurisdictian in which the Property is located. In the
<br />event that any provision or clat:se of this Mortgage or the tints conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or cite Note whack can be given effect without the conflicting provision, and to this
<br />axt the provisions of the Mortgage and the Notr are declared u, ise severable.
<br />16. irttws+er's Casey. Borrower shall by furnrshed a conformed copy of the Nate and of this Mortgage at the time
<br />a' execs; ~ after r.°cordatitu: hcryaf.
<br />*.'f. '114wt~er of Me Peoparty; Aswwtptioaa, If aL' or any Batt v( the Pr?pym or an imerest therein is sold or transferred
<br />by Borrower without Leader's prior written consent. excluding +at the creation of a lien nr encumbrance subordinate to
<br />this Matt~t, (h) the creation of a purchase money security ~ntytyst for household appliances. icl a transfer by devist.
<br />dtrsent or by operation of }aw upon the death of a font tynant qr
<br />Lender may, at Lender's zlpitan. declare a!1 the sums secured by this Mortgage to be
<br />irttmediately due and payable. Lender shall have waived such option to accelerate if. prior to the sale or transfer, Lender
<br />acrd the person to wham the Property is to be sold nr transferred reach agryerrtent +r. writing that the credit of such person
<br />is sati~actaty to Lenticr and that the interest payable ar, the sums secured ny this M1iortgage shall be at such rate as Lender
<br />alai! taqueat If Lender has waived the option t.i accelerate provided in this paragraph i?, and if Borrower's successor in
<br />interact-bas executtd a written assumption agreement accepted in writing by tender, Lender shall release Borrower from ail
<br />obligations under this Mortgage and the Note.
<br />Jf Lgsder exsrcisas such option to accelerate. Lender shall matt Harrower native of acce[eratinn in accdrdance with
<br />patragrap~h i4 hereof. Stich Halite shall provide a pyritd of not less than 3t? days from the date the notice is mailed within
<br />which Bmrowyr may pay the sums dalared due. tf Harrower fails ro pay such sums poor to the expiration of such period,
<br />Lender may, without further rtoticr or demand nn Borrower. invoke any remedies permitrod try paragraph 18 hereof.
<br />Nat+-UmF=aaxt Cavatswtr•ts- Borrawyr and Lender farther covenant and agree as follows:
<br />tg. ~', IttwadFes. Irttceps sd paaridad itt paragraph t7 hereof. uptea Borrower's breach of any rovteeawt or
<br />-of Harrower is ttda M4rtgattt, iaielwdmg the revenants w pay when doe any surm secured by th4 Msrtgage.
<br />I.a~iet gsisr b ~ sYaB asahl natter to Borrower as pravidad iw parattraptt td hereof specifyiwg: tI? for breach;
<br />~ Ike aeNaw rem m rats wt6 braatch: iii a dNa, not less than JO Bays lions the date the satire fe maUed to Borrower,
<br />t-p sthiek aweg Mraett wart lw rm~ awl (4) tlsat faf{ate to sure stink break ow or 6etnre t~ date sperl6ed fw the wotiee
<br />RtMq ralNit ht aKlalettlttaw of tJtr wawa seratsd by thin lMlastgage. fmretoaarr by jtedicid proreediuR awd sale of the Pespeeiy.
<br />"ItAis ttwtlra eW1 fwlltar hatww Bwrrowtr of the right to relwstme after aeaeieratiun aad the rfRht fo trarett in the ftateriosure
<br />N!e aw~saittratee of a dslaslt w nay other defense of bortawrr to accekraNoa and ferarlsaare. U the beaerh
<br />is awt~ rwwd rw ~ b1la[s the data stead ~ rhr twMiye, Enrolee at [.ratleer's option stay deriare aEl of the secs sttcand by
<br />klils to brr iattreer~ehtp ~ attd payabir wHbasN tnrthar Atweatad aad mg inrrrlose byrydiy%d procreAiag. Leader
<br />st1wY M stafiaied to raBaxt bl tateh prwceaNalt raptaaps of ftareal~re, itxtadteq, bet nor tfweitrd te, casts of rlarwuceatary
<br />a+#gtwes. wirbtwc~ aetl ~& rspptle,
<br />/A iwmatraa'e {tlKlti is Rsdw1latt Naswiahstarxiing tyruhr's a;eNerattan crf the. Srrrns srz+urd by this Mortgage.
<br />Borrtwer st}ali have the right tts have any prneedrngs began by Lender to enforce ahrs tit+srigngc rlisdonunurd at any vmy
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