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<br />Lender's written agreemenE or applicable law. Borrower shalt pay the amount of all mortgage insurance picmiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbnttsed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />in~bredneas of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amtutnts shall Ile payable upon nonce from Lender to Borrower requesting payment thereof, and shell bear interest from the
<br />dots of dbburxtnent at the rate payable from time to time on outstanding principal under the 'lore unless payment of
<br />intta~t at such rats wonld be contrary to app'~cable taw. in which event such amounts shat! bear interest at the highest rate
<br />petmi~ek tinder appi`tcabfc taw. Iloihsng contained in this paragraph 7 shat! require Lender to incur any etcpen~ or take
<br />a?ty Pctits!t harsutxtet.
<br />B. ~. Tinder may m~e or cause to t>e made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give Borrower notice prior to any sntch inspection specifying reasnnahie cause therefor related *,o Lender's
<br />mferest in tits; Property.
<br />4. .The proceeds of any award or claim for damages, direct ar consequential, in connection with- any
<br />condemnation or Sher taking of the Properly, or part thermf, or far conveyance in lieu of condemnation. are hereby assigned
<br />and shall he paid to Lender.
<br />in ttte event of a rotor taking of the Property. the proceeds shat! he applied to the sums secured by this Mortgage.
<br />with the cxcev,rf any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall Ix applied to the sums secured by this Mangage such proportion of the proceeds
<br />,as is ea}nal to that proportion which the amoum of the sums secured by this Mortgsge immediately prior to the date of
<br />tasting bears to the fair market vshte of the Property immediately prior to the date of taking, with the balance of the proeeeds
<br />pair :~ Borrower.
<br />if.:fie Property is abartdotsed by Harrower, or if, after notice M• bender to Harrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to ixndcr within ?fl days after the date such notice is
<br />matted, Lender is authorized to collect and apply the prac~~d:. at I_cnder's opt~n, either to restoration or repair of the
<br />Property or to the sums secured by this Martgage-
<br />Ur~~ess Lender and Harrower otherwise agree in writing. any ,uth application of proceeds to principal shall not extend
<br />ar postpone the due dare of the monthly installments referred to in rsara¢raphs ?and 2 hereof or change the amount of
<br />such installmems.
<br />i$. Bomasarr NW itcleaeed. Ezirnaion of the lima far payment .rc madiftcation of amortization of the sums secured
<br />by this Mortgage granted by Lender to any succesv~r n interest of Harrower shat! not operate to retrace, in any manrnr,
<br />Ehe Iiabiliry of the original Harrower and Barra-wcr'~ successors in interest Lender shat! rtot tie :equircd to commence
<br />prceeedings against such sttccessar or refuse to extend time for pactnent nr otherwise modify amortization of the sums
<br />secured b}' [his Mortgage by trason of any demand made by the origins! BOrmwer and Borrowers successors in interest.
<br />11. Foritearaese ly Leader Not a Waiver. At»• fortxarance by Lender in exercising any right or remedy hereunder, or
<br />of by applicable law. shall oat tse a waiver of or preclude ttte exercise of any such right or remedy.
<br />The 'p~IgaoT the pavtnent of taxes or other liens or charges by Lender shall not tx a waiver of Ltnder'a
<br />r! t~takffianmdrbtedness secured by this Mortgage.
<br />A!"' edies provided in this '.vorgage arc distinct and cumulative to any other right or
<br />remedy under thin Mortgage or afforded by law nr equity. and may he ~xereised eoncurrer.Uy, independently or successively.
<br />13. Stacenaon sad Ateigm Soomt: )Dint and Several t.iability: Capliora, The covenants and agreements herein
<br />comairnd shall bind, and the rights hercurder slim! inure to. the respective successors and assigns of Lender and Borrower.
<br />sttbjeet eo the provisions of pazagraph 17 ttereaf. At! covenants and agreements of tlormwer shat! he joint and several.
<br />T[x captions and headings of the paragraphs of this Mortgage are ter convenience ~mty and are not to Ix used to
<br />interpret ar define rite provtsions hereof.
<br />id. '. I?x~ far any tmii» requlrcd under applicable !aw to !x gtven in another manner. ta) any nonce to
<br />Harrower provided for in this Mortgage shall be given irv mailing such notice by cenifxd mat! addressed to Borrower at
<br />the Property Address ar at such other address as Borrower may desrgnate hr notice to Lender as provided herein, and
<br />(tt1 any ttorace to Lender shalt be given try ccrtifieti matt, return reae:pt request°.d. to Lenders address stated herein or to
<br />stmt tMfser addre~ as Lr_n~r may dcsignaac by natn:c to 13orrcnver as provider! herein. .Any notice provided [or in this
<br />Mortgage shall Ile deemed to have been gtvetr to Iorrower or 1 ender •a~hen given in the manner designated herein.
<br />is. Ctrsifor>tt I~+4ags: law: Severtt~ty. l~+a farm of mcsngage combines uniform covenants for national
<br />use scot non-uniform covenants with limited vanat,ons br uri.d,~tron to constitute a uniform security instrument covering
<br />real txaperty. This Mortgage shalt be governed h}' the law of the +urisdiction in which the Property is located. In the
<br />avertd shat any prevision or clause of this Morgage ,st else Nate _onfticts with applicable law, such conflict shall not affect
<br />alter pmvrsio:ts of this Mortgage or the Nou which ;:an 'x given •~ffect without the conflicting provision, and to this
<br />tlic provisions of t{~ Mortgage and tl+e Nate ,ere ~teclared tc. he :cverabte,
<br />i(a !•sarresfcr's Cory. isorrawer shalt bz htrnrshed a ~ontnrmed copy of the Nate and of this Mortgage at the time
<br />of eacctrtiott or after tecardatiott hereof.
<br />`.3. 3k'ai..~ sal iks iY• isaa It af; or as part of the Property ar an interest therein is sold or transferred
<br />by Bcrrover wriiixrt Lc:tt'~r's prior written can•,ent, excluding tat the: creation of a lien or encumbrance sukwrdinale to
<br />this Mortgage, #bl th+e creation of a purchase aumcy ve.uritt, interest for hewseitold appliances, (c) a transfer by devise,
<br />deseastt or by operation of taw upon the death of s joint tenant er sdt the grant of any ieasehotd interest of three years or less
<br />not eontainrttg an option to purchase, Lcndtr may, at Lrnder's option, declare alt the stuns secured by this Mangage to be
<br />ittsttwxiiatcly due and aayaMe. Lender shat! have waav~ .uch optton to accelerate if, prior to the sale or transfer, Ixnder
<br />and tix pessan to w}tam the Property is to ~ said ar transferred teach agreement is writing tltaC the credit of such person
<br />is satssf~`toty to Leader and that the interest payable on the sums secured by this Mortgage shall be at such rate as Leader
<br />slat! rQgtt4sl. If Lender has waived the option to acs:eleratc prnyidtd in this paragraph !7, and if Bottawer's successor in
<br />ittltrPSt Ifas executed a written atottmption agreement accepted in writing by I..ender. Lender shall release Borrower tram alt
<br />oltioas under this Mortgage and the hate.
<br />If I,ertdee stcercises. stub option to accelerate. Louder shatl mail Borro~_..r notice of accelera[ien in accordance with
<br />paragraph Id hereof. Such Horace shaft provide a period of not less thin ?0 days from the date the notice is marled within
<br />wM~t Borrower tray pay tlu wins d€ttared due. Tf Bonower [ails to pay such sums prior to the expiration of such period,
<br />Lpsder ts3at; without fttrt.Iter notice au dcmat+d on Harrower, invoke any rertsedits permiried by paragraph 18 hereof-
<br />Atox-UKtFOatet Cavtrt,trtrt:. Borrower and Lendsr fitnhcr mrenaru and agroc as follows:
<br />isL ~ ttt"s Tssaaltt as provided sa paragrapl t 7 hereof, upoe Borrower's breast of any covewt or
<br />t3!-$~€~~ !~ ~ +--~-, tf~ c+2vE9auts to ~y w~ else agy ses~+s9. §; t§!a Mme,
<br />i.~ ~ ~ ~ at7taY~ rssfsB aotiee !o Borrower ~ pcoyidad ito paragrapl t! twreof specifpsog: {it tie bsoacl};
<br />( ta~ats tam ~ stea is le,mrl: tat a tl~e, oat ~ tetra 3f11 days fry tl~ date tle naeict is tatted to Borrower,
<br />#~ re)))ds mc~ tassel amM 6e rwedt tiAd tot flail faisare to sea soots t}reacl as or before !le dots s}edtied is the saatlCe
<br />mfg' saatrtttat a~ ~#ier tasttao aacmtad l!r-ilia Msw farscloaure by lradieiat prsKttsdiag amt sale of tls 1Piopsrgy.
<br />'IptMAire afplY ttptNtt! iatttHagt Raarotser of tlp right to [rlostala steer ~ and tle riBli to tttattert is tlt foraciaate+s
<br />gtru~dYeq 4e ~s et r daLaast er >m1 otltatr AefeasE of Gorr®wu to accsssragoa ttasd farsciaaars. If tla brass)
<br />k atM tt~i:qa as ldwie tYe dat+t aFegNkd l-. tle raetice, lastdec at i,endsr's opsitm Hwy lectors off ud tls saran saco:od by
<br />~M lt}ae~g tole i dar and ~aya0is wiilopl fartlrr dsa3aPd sad ma) foreciexe bi' itedklall precKdtag. Leader
<br />rtlsgq 1ba tstelllat ~Naci ~-sash ~ afl eapeaars of foetx~tasarre, iacsotNag„ bW twt Ikwiesd [o, costa at daeaaseatary
<br />wear tjnican aettLS-nt9~riat
<br />ES ls,llq~fo s !^iviwii.'titattding I.ctxtisr's «cceleration of tlae sums secured hv- this Ma.ngagc.
<br />B~grrcSSf«r stroll havit the tight.ter hays soy pttre~rcetiags tscgun hY !..ender tea cntorca this hiertgagc «tistnnurvcd at an} time
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