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<br />Lender's written agreement or applicable law. Borrower shall pay [he amount of all mortgage insurance premiums in the
<br />manner provide) under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shat! become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower :rod lender agree in other terms of payment, such
<br />amounts shat! E•R payable upon notice from tender to Borrower requesting payment thereof. and shall bear interest from She
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate wotdd be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />:my action hereunder.
<br />8. insprciitm. Lender may ma„e or cause ro be made rcasonabic entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying rrasonabic cause therefor related to Lender's
<br />interest in the Pmperty.
<br />9. Condemnatfon. The proceeds of any award nr claim far damages. direct ar consequential, in connection with any
<br />condemnation ar other taking of the Property, or part thereof, ar for rnnveyancc in lieu of condemnation, arc hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a total taking of the Property, the proceed. shall hc; applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Borrower. In the event rat a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the coma secured 6y this Mortgage such proportion of the proceeds
<br />as is equal to that proponian which the amount of the sums sec•:rcd by this Mortgage immediately prior to the date 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 />1f the Property is abandoned by Borrower, ar if. after notice by Lender to Borrower that [he condemnor offers to make
<br />an award or settle a claim for damages, Barrowcr fails in respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the pracecds. at Lender's option, either to restoration or repair of the
<br />Property ar in the sums secured by this Mortgage.
<br />Unlesa i_ender and Borrower Mherwise agree in teriting. am such apniir..tien of proceeds to principal shall not extend
<br />ar postpone the due date of the me;tthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />]0. Forrower Not Released. E+;tension of the time (or pavment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to an}' surccssor .n imereat of Borrower sfial! rant operate to release, in any manner,
<br />the liabilit} of the original Borrower and Borrower's successors in interest. Lender shall rant he required to commence
<br />preeeeclines against such successor or refuse to extcnct time for navmen.t :.. a!heru~ise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Iktrmwer and Borrowers successors in interest.
<br />t i. Forbearance by [,ender tint a Waiver. any fnnc~armcc h}~ Lender in cscrcising anv right nr remedy hereunder, ar
<br />otherwise afforded by app@cable law, shall not he a waiver of ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance ar the payment of tags or „they tints or ;:harres by Lender shall no[ he ;t ts•aiver of I_cnder'a
<br />right to accelerate the maturity of the indebtedness ~.eeu red by this ~lorreage
<br />12. Remedies Cumulative. :Vf remedies prm~idcd u: this Morgage .:rc diet rrtci and cumulative to any other right or
<br />remedy :mdcr this Merigage or a(fnrdcd by !au or eyui;c, : r.d mac he e,a~rcd cnnrurrcnth'. independently or successively.
<br />13. Successors and Assigns Bound; Joint •rnd Sr, oral [-iabitify: (-aptinns. -Ihc cnycnants and agreements herein
<br />contained shall bind, and the rights hereunder shag inr.+e t.+, the «sper!ne wueanrs and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. ail covenants and areement, of Borrnrver shall he joint and several.
<br />°i?te captions and headings of the paragraphs of this Mnneage arc i:ter a.nvcnicncc :>nh: and arc oat to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicrh;e lax :o he grvcr: !^ another manner. (a) any notice to
<br />Borrower provided for in [his Mortgage shag tx given h} mailing such notii.c h} certified mail addressed to Barrowcr at
<br />the Property Address or at such other address es Borrourr eta}' des;enatc M~ notice to Lender as provided herein, and
<br />.b) an, notice to Lender shall he given by certified ata!l, return receipt requcstcd. to (_ender's address stated herein nr to
<br />such other address as Lender may designate by natiee to Borrower as pmrided herein Anv notice provided for in this
<br />Mortgage shall 6e deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />I5. Uniform rSortgage; Governing Law; Sryerabilit}. This form u( mengage combines uniform covenants for national
<br />use and non-uniform covenaots with limited cariauons be jurisdictirn to .ens:iuae a uniform security instrument covering
<br />real property- This Mortgage shall be governed by the law of fhc juriss5ction m :vhich the Property is located. in the
<br />event that any provision ar clause of this Mortgage nr the tiote conflict; :cith applicable law, such conflict shag oat affect
<br />ether provisions of this hfortgage or the 'Vets t+hieh can 6c gisen effe,! without the conflicting provision. and to this
<br />end the provisions of the Mortgage rind the Vote arc .terlarrd to he severable.
<br />16. Borrower's Copy. Borrower shall he funtished .t autfnrmed coi,y nl the tiote rind n( this Mortgage at the time
<br />of exectaian or after recordation hereof.
<br />17. Transfer of the Property; Assumption. !f alt or a.:} part ::f the Pre>rxrty or an irterc;t therein is sold or Lansferred
<br />by Borrower without Lender's prior written consent. ~•teiuding !..~ !hc crcatinn of a Gen nr encumbrance subordinate to
<br />this Mortgage. (h) the creation of a purchase moue}- seniriis :mercer tray household app fiance:, (ct a transfer b}' devise.
<br />dccctnt ar by operation of tau upon the death of a joint rennin or
<br />i_ender may, at Lender', r,pt:nn. dr.Lue all the sum, secured M• this Mortgage to be
<br />imntediatel}' due and payable. Lender shall bare uaiced ,. .. opt:an !::..ccelerate if. oiler m the +.ale nr vansfer. i_ender
<br />and the person to whom the Property is to be sold e*r tr.:na[erred reach :grcement ~n w-rung that the credit of wch person
<br />a satisfactory m Lender and that rite interest pavahte :,r, tt:e sum• sec::red i". thi, Mengage shaft be at such rate s Lender
<br />shalt request. If l.endei has wafve.i the option to .. ~x!en~tc nn*vided :!; this paragraph 17, and :f Bnrrawer•s successor in
<br />interest has executed a wntten assumption agreement :accepted i:; ~-,rung by l.cnder. 1_cmier ~hait :eleax Borrowe! from alt
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option [u accelerate, i.ender stall met' Borr,.u cr tw±~ce of aaekeraunn m accordance with
<br />paragraph 1-0 hereof. Such nau;.e shall provide a period of not 'ess thae ~6 sin}. trnrn the date [he notice is ;nailed within
<br />u~hic!t Botrou er may pay the st:ms declared due. li 6orrtn.er last, •u pas s:.<h ,wins , nor n+ the cxpirati„n ~+f such period,
<br />fender ma}•, withatti further notice or demand on liorroucr..nsa4c an: remedies pcrnrtred h} faragraph iS hereof.
<br />NUS U:~traaM CoyEVS;:rs. 8arawer and tender fur!hcr .o: chant and :.gigs :r. fallosvs.
<br />1$, Acselerattan; Remedies. Except ;~ provided in paragraph 17 hrrrof. t:pan Boma=errs brracts of any rnvenant or
<br />agroemen! Of Borrower in this ilortgage, including ihr cotenants io pay when dui am sortie secured by this 3lortgage.
<br />Leader prier to acerleraiian shat mail notice to 6arrawer as prntidnl in pacagr:tplt 14 hereof specifying: (1) the breach;
<br />i2) Ybe action required to cure each breach; (J) a date, not le.. than 30 daps from ihr date the notice is mailed to Barrowcr,
<br />tic which sorb breach must be cured; and t4) that failure to vurr such breach on or before the date specified in the notice
<br />map resui! in acceleration of the scum secured by this 3lorigage, forcdosure hp judicial orocecding and sale cf the Property.
<br />Thy notice shall further inform Borrower of for right to reinstate alter acceleration •rnd the right to assert in fhe foreclosure
<br />proceeding the non-rxislener of a <{etauh or any other definer of Rornewer to aecriero6nn nerd fvreclorourr. 1f the breach
<br />is not cued on nr before ihr date specified in the notice, Linder at Lender's option may declare all of the sums secured b}'
<br />this Mortgage to br immrdiatety dui am! payable without AsrYher demand and rata} foreclose 6}~ judicial procrrding. Lender
<br />shall ter entiitrd Ea eatkef in srxh praerrding ail exprnsrc aF fusee 4ennrr, inrfudistq, bu! nut lanited to, costs of docuenrnlar}
<br />ertdren~e, abs[raets and titfr reports,
<br />19, Borcowri:s R-gisi to Rrinsiate. tintuithstantt:n}; 1 grader's :cuierntian „t !ire songs essayed 'ray this ;r9nrtttal:c.
<br />Si-v:rt+aEr sha;i have the right to hsve an;. ptutcediags tn;gtur 4} isnd~: !t, cnf.+r,c ttw \9a,tgagc J!st'ontiattcd at ar,} tun:
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