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<br />Lender's written agmment or applicable law. Borrower shall pay the amount of all mortgage insurantt premiums in the
<br />enaemer provided under paragraph 2 hereof.
<br />Any atttounta disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower xecured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, shah
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment the*eaf, and shag bear interest from the
<br />daft of dhbnrsement at the rate payable from flint to time on ontstattding principal under fire Nate unhtss pttytnent of
<br />intatest at such rate would be-contrary ¢o a{. ~ticablt iaw, in which event such amounts shall bear interest at the hfghest rate
<br />pertttisafktk tinder applicable law. Nothing confainai in this paragraph 7 shall require Lender to incur any expellee or take
<br />a,y aefian Itereurrder.
<br />tT Yieyeet[on. LerMer may melee ar cause to be made reasonable entries upon and inspections of the property, provided
<br />that Lender shalt give Borrat»ror notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />itReresf in tfie Froporty.
<br />~oardemaal3on. The praeeeds of any award or claim for damages, direct or consegaentiai, in conneeHan with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of rnndemnatian, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a fate! [eking of the Property, the process shaft be applied to the sums secured by this Mortgage,
<br />with the exs;esa, if any, paid to Borrower. In the event of a partial taking of ¢he Property. unless Borrower and Lender
<br />otherwise agree in writing, There shall be applied to the sums secured by this Mortgage such proportion of rite proceeds
<br />as is equal to that proportion which the amount of the sums secured by this !Mortgage immediately prior to the date of
<br />taking hears to the fair market value of the Property immediately prior to the date of taking, with the oaiance of the proceeds
<br />• paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Ixnder to Borrower that the condemner offers 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 />tnaik:d, Lender is authorized to coiled and apply the prceeeds, at Lender's option. either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />ITnless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and ?hereof or change the amount of
<br />such installments.
<br />1®. 13orroaer Not Released. Extension of the time far payment or modification of amortization of the sums secured
<br />fry this Mortgage granted by Lender to any successor in interest of 8orrawer shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower'; successors in interest Lender ;hall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment nr otherwise modiry amortization of the soma
<br />secured by this Mortgage by reason of any demand made by the orittinai Borrower and Borrowers successors in interest.
<br />11. Rorbarasee bs Lertde• Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded 6y applicable law, shalt not he a waiver of or preclude the esercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes nr other liens ar thereat by Lender shall not ere a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Rmedies Cmnalatlve. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under Ibis Mortgage or afforded by law nr equity. and may he esercised concurrerth•, independently or successively.
<br />23. Snccetaors atad A>¢aigas Bonnd; Joint and Several laabi[ity: Captiom. The .ovenanis and agreements herein
<br />contained shall bind, and the rights hereunder shall imve to, the respective successors and assigns of lender and Borrower,
<br />subject t[> the provisions of paragraph t7 hereof. .411 cavenanu and agreements of Borrower shall be join[ and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />interpret ar define the provisiam hereof.
<br />id. Pidice, except far any notice required under applicable iaw *,o be given in another manner, fa) any notice to
<br />Borrower provided for in this Mortgage shah he given by malting such nonce by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice tc Lender as provided herein, and
<br />{b} any notice to Lender shall be given by certified matt, return receipt requested, to Lender's address stated Iterein or to
<br />such other address as Lender may designate t,y erotica to Borrower as nrnvided 'Herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or Lender wirer given ir, the manner designated herein.
<br />13. UttHwrp MoAeage; Governiaq Law; SeverabilN?. Tttr, form of mortgage combines uniform covenants far national
<br />use and non-uniform covenants whit limited variations by n~risdrencn to constitute a unifornt security instrument covering
<br />real praperiy. This Mortgage shalt tx govtrtted by the law of the iurisdsetian in which the Property is located. In the
<br />event that any provision or clause of this '.Mortgage nr the Note cun8icrs .+ith appiieabk taw. such conflict shall not affect
<br />other provisions of this Mortgage or the Note uhecb ::ar. be coven rdect wahout the conflicting provision. and to this
<br />end the provisions of the Mortgage and the 'dote are declared to rK severable
<br />16. Ilotssrwer's dopy. Borrower shall he furneshed a ..informed :opy .tf rite ?Nate :ind of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />15. Traoster of t(se Property: Aswmption. ii elf or an} part of the Properly or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding rat the creation of a lien or encumbrance sttbordjnate to
<br />this Mortgage, tbi the creation of a purchase money securit} :merest for household appliances, (c) a transfer by`deviae,
<br />descent or by operation of iaw upon the death of a ;Dent tenant or
<br />1_ender may. at Is:nder's nption, declare all the wins secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if. pricer to the sale or transfer, Lender
<br />and fhe person to whom tlx Property is to be s,.±ld or tra[rsterred reach agreement en writing chat the credit of such person
<br />is satisfactory to Lender and that the interest na}abie on the sums secured by .his :Mortgage shall ere at such rate as Lender
<br />shall request. if Lender has waived file option to aaeteraie prtwided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreemen¢ accepted in writing by Ixnder. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Letuler exeacises such option to accelerte. Lender shall malt Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shalt provide a period .?f nog less they: 3;) da}'s from the daft the notice is mailed within
<br />which Borrower may pas the sums declared due. if Harrower faits 'u pa} such sump prior to the expiration of such period,
<br />Leader map, tvithvut furt`,:r r.u[i~: ar demand on Barmwer, .ncoke any remedies permitted by paragraph l$ hereof.
<br />A1aw-Ux~t~,r~xsa~~~e„C''avt:?:arrs. Harrarver an3 tender farther :Quenon[ and agree as fol}ows:
<br />Ile. ACCeieeatiao; Re®edtea, fi%Ctpt as proVidtd is pnrai<raph 17 tterto(, upon Borrower's breach of any covenant Or
<br />'~~m ref iiinritower in tit +aorgags, iacitidiag the cotenants [o pay when dtte ens sirens secured by thin iortgage,
<br />1.aYAst ysiar to accekratios siaiB [Hsi) ewtice to $orrower as provided in paragraph Id hereof specifying: ill Ifte brewh;
<br />t$} ihs acdan n~ia ko cw•e snob breach[ iii a date, rat teen than 30 Jags from the dace the notice is mailed to Borrower,
<br />67' wilt aacA breach swat bt: cured; and (6- rtw fsUare to cute such breach oa or be[ore tie date specified io the notice
<br />attU" rrtaap in sCCaltt>Wioo o[ the sums secured by this ;iorigage, ftrreclasnre by jadicGd pruteediag asd sale of tbe Property.
<br />TIC ~ [ lid IBerr~tver of the right to r€eas[ste s€ts: uactiesatson cad the rigler to axrrtt is tt[e forerlosnre
<br />jNsOC BIS wte•eii~tnce e>f a detsah or and other [kfense of Borrower to acceleration and foreclosure. [[ the breach
<br />it; rat CaR$ ye or itetare rite dsi..sFeciNed is the notice, t.eader at [xwders optioo may deelarr aU v[ the sut»ie vecural by
<br />tieltt W to iN®ed3ately Stir cad paysWs wlthow farther deniend and ma? foreckne by jadiciai proceeding. Candle
<br />sYf6 its - - m meet ht sac6 pxaeecd~ing ail errprraacs o[ [uteslasare, iaclitt, bat cwt limbed to, coats o[ doeameatary
<br />avlt~#:, t[ka3rst~ aced ti~tr rspotta.
<br />lA. 1{ai[rfatt~R Ig,~-t so Rt[faiste. .'+tcrtwtthx¢aod:ng 1.crw-ier's accelerate; n of the sorts se.:ured by this Mortgage,
<br />Yorrrstirer shall leave the riglst tc hamc any prc?tcedings ixgun try Lender te> cnic+rce t:us .Morrgagc discontinued at any tome
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