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<br />],ender's written agreemrnt or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />rnawter providd under paragraph 2 bettor.
<br />Any amouna distntraed by Lender pu€suant to this paragrapA 7, with interest thereon, shall fxcame additional
<br />6rtdebtdtteu of Borrower secured by this Mortgages Unless Borrower and Lender agree to other terms of payment, such
<br />atnoun~ shall be paytiele erpon mttice from Lender to HorrowCr requesting payment thereof, and shall bear interest from the
<br />daft of disbttrsemant ae the rate payable from time to time on outstanding principal under the Note unless payment of
<br />intes°ettt ar such rate would 6e contrary tp applir_ablt law, in which event such amouma shall bear interest at the highest soh
<br />ptrmistdbEe uder applicable law, Nothing cottaind in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />if. L.enaler may make or catrae to be made reasonable entries upon and inspections of the Property, provided
<br />that ixnder shag give Borrower mice prior to any_ such inspection specifying reasonable cause therefor retold to I_endets
<br />interest in the Property.
<br />9. Coedeataatbw, The orocetds of any award or claim for damages, direct or consequential, in connection with any
<br />tx~ndsmnation or ether taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lender.
<br />to tht evene of a tMai taking of the Property, the proceeds shalt be applied to the sums srnnrd by this Mortgage,
<br />with the excess, if any, paid ro Borrower. 7n the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwix.agrct in writing, there shall be applied to the sums soured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the some secured by this Mortgage immediately prior to [he date of
<br />taking bears to the fair market value of the Property unmdiatefy prior to the date of taking, with the balance of the proceeds
<br />paid to >rq: ro°.xr,
<br />if the Property is ahandond by Bnrtowtr. or if. after notice by ixnder to Harrower that the condemnor otitra to make
<br />an award or settle a claim for damages. Borrowtr fails to respond to Lender within 30 da}~s after the date such notice is
<br />mailed, Lender is attthoriaad to collect and al;t,iy the proceeds, at [.ender'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 agrtt in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the due dale of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrotm Not Released. Extension of the time for payment or modification of amortization of the sums securd
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner,
<br />the liability of the original Borrowtr and Borrower's successors in interest. Lender shat! oat lx required to commence
<br />protxdings against such successor ar refuse to extend time for payment ar otherwise modify amortization of the soma
<br />secured try this Mortgage by reason of any demand made Fey the original Borrowtr and Borrower's successors in interest.
<br />il. Forbeamree ley Leader Not a Wraher. Any forbearance by E,ender in exercising any right or remdy hereunder, or
<br />othecwix afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remdy.
<br />The procurement of insurance or the payment of tarts or nihtr liens or charges h}~ i_ender shall not ix a waiver of Lender's
<br />right to accelerate the maturity of the indehtednecs secured by this Mortgage.
<br />22. Reasedlas C~atxlve. Ali remedies provided in this Afortgage arc distinct and cumulative [o any other right or
<br />remedy under this Mortgage or afforded y,y law .?r eyuity. and may t?e exercised concurrently. independently or srrccessivety.
<br />t3. Staectaora and ,4arigas Botsad; dotal and Several i,iability; Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder sha}I inure to, the respecLve successors and assigns of Lender and Borrower,
<br />sub~;~, to the r::vni>_+.ts of ;araaraoh t7 htrcof_ Ail covenants and agreements of Borrower shall bt joim and several.
<br />The captions and headings of the paragraphs Tf this Mortgagt are for convenience only rcn., m ~ ...,, .a Mused fn
<br />interpret ar define the prnvisiorzx hermf.
<br />i4. Fiofice. i3xcept for any notice required under applecable taw ro be given in another manner. fa} any notice to
<br />Harrower provided for in ibis Mortgages shalt tx given by mailing such notice by cer[ifted mail addressed to Borrower a[
<br />the Froperty Address or at such other address as Bormwer may designate 6y notice to Lender as provided herein, and
<br />(b) any rauce to I_tnder shaft t+e given by cerii6td mail, return recr~pt requested, to t.tnder's address stated herein or to
<br />such other address as Lerttier may designate by nntict to Horrawer as provided herein. Any notice provided for in th.,
<br />Mortgage shall be deemed to have hero given to Horrowtr ar Lender when given in iht manner ddignated-herein.
<br />1S. Ut~oem ;Lfort=ttge; GoveretiaE Law; 3everauBky. This form of mortgage rombines tmiform covenants for national
<br />ute a :u+ n.,..- ^ifa.^n ~-tnants with !trotted variations by jurisdictran to constitute a uniform security instrument courting
<br />rtes! proptrtyu• This Mortgage shall he Bove€rted by the taw .?: the juriydist=.on ir. which the- Property is located. in the
<br />event that any provision ar clause c?t this Mortgage ar the Note eonfticts wtth applicable law, such conflict shall not atteet
<br />other provisions of this Mortgage ar the 'Dote whi.^h can he given cffcet without the conflicting provision, and to this
<br />end flit provtsions of the Mortgage and the ~nle are de;:tared tc he severable.
<br />16. Bortoweis Copy. Barn>-•ver shat! !~ f:rCn+vht~ a _Rrformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />2'f. T transfer of the Property; Aaaurwptioa. If ail or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written cr?nsent. txciuding test the creation of a tiro or encumbrance sulwrdinate to
<br />this Mortgage, tb) the creation of a purchase money security interest for household appliances, fc} a transfer by devise,
<br />descant or by operation of law upon the death of a joint tenant nr
<br />[_ender may, at Lender's option, declare ail the sums ucurd by this Mortgage to be
<br />immdiattly dtte and payable. Lender shalt have waived such opnan to acctleratt if, prior to the sate ar ttanafer. Lender
<br />and t!te person to whom the Ptopern~ is to be soil or transferred reach agreement in wrung that the credit of such person
<br />is satisfactory eo Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shalt request. If Lender bas waived the option to accelerate provided in this paragraph ??, and if Horsower's successor in
<br />interest has extxuted a written assumption agrtetntnt acccptd in writing by Lender, Lender shall release Borrower from all
<br />ohiigatiotts under this Mortgagt and the (hate.
<br />It Ltrtckr exercises such option to auelerate, Lender shalt mail Borrower notice of acceleraticm in accordance with
<br />paragraph )4 htreo€. Sttch nakice shall provide a period of not tree than 30 days from the daft the notice is mailed within
<br />which Bormwer may pay the sums declared due. If Hnrro+vtr fails to pay such sums prior to the expiration of such period,
<br />Lewder may, without further no#ect or ilea?and nn Borrowtr, invoke any remedies permitted by paragraph 1 R hereof.
<br />Mont-Lfytt=otttrt C'ovaxwr37s, Borrowu and Lender further cnvtnant and agree as follows:
<br />2!. Aerderatlea; Rtaatdks. Etteept as provided to paragraph tl hereof, upon Borrower's breach of say Coveeatit or
<br />aB7kleseat sf Bgrrowsr l0 this Mang~te, iarlt~~y ibe cnvtaraats to pay when dtte say soots secured 6y t6~ I-]gst~ege,
<br />F pdmr tm aect2eratltto sYW ewffi7 notice to Borrower as pmvtded fe .=asaaPh t4 hereof sperifyittg: (tl rite breach;
<br />(3} ~ sNllas raga&rad as cart aocA SeascR; F3) a die. oat teat ifsaa 3tt days from the date the aatk¢ Ls mailed to Borrorrcr,
<br />~ iNtFtts aleck laeack asast Ors rated; sad t4) that Bari to Care Aaek brtack oa of lstfart Ike date specifrtd iw Ilea ooUce
<br />t rsaagt iw ~ of tie prate srCrttd by eAls Mo:tgaat. ttrreCirwara ley jctdiCiaf prrictediag aed safe of flee Property.
<br />'1°IYe .ap~rtr ataaB tiasMer kdora 184eeavv~r of ek€ rtg4i to relistatt after aCCekrat&ta sad the right to rover( in flee foretleaare
<br />intosndktg Ale aaa•tsfReaca ed • default ax asy otket afefstrat of Borrowtr to aCCeferatMn aed faredoaare. If the brtmCb
<br />b raa4 a:ebrtM utt tar be4trre Ilea dale staeriWd iw eke aaNire, trader m [.cadets opNow may dec~re a0 of Ike satmt strs=~d by
<br />tiitltr A to lee Iwatrltdlataly daa awl pyaw rrftkatel tanker detaaad sad tsar farsckrx ley )adkW ptaceediag. i.eader
<br />rltail I)e eariMisd to c+teAasi ~ sark proCe~{ all eapearas of farerlerasre, iwCia~ag, ttW eat Ikaetad to, Casts of decaaweatary
<br />~. at~rixYa sad rs~rb.
<br />l~. 1Maerw+eas'a M f3etlmtate, *iaiwrilt•.tarrdrng l emkr`s aec-eltraiton o1 the sums stcuted by this Mortgapr.
<br />flccrrrnvar shall hart tha right rp hasv arts prac~rtgs he;wt try I-.ndt: to nnlertCC th,a Mortgage dis~anummt at any t3mc
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