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<br />Larder's written agreement or applicable taw. Bottower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Arty amounts disburred by i.ender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and [.coder agrce to other terms of payment, such
<br />amounts shall be payable upon notke from Lender to Bottower requesting payment thereof, seed shall bear interest from the
<br />date of dhbursement at the rate payable from time to tirnc on outstanding principal under the dote unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounro shall bear interest at the highest rats
<br />permisaibk under applicable law. Nothing contaited in this paragraph 1 shall require Lender to incur any expettss or tales
<br />any action hereunder.
<br />s. Iatpectloa. Leader may make or cause to be made reasonable entries upon and inspections of the Propert}, provided
<br />that Lender shall give Borrower erotica prior to any such inspection specifying reasonable cause therefor related YO Lender's
<br />interest in the Property.
<br />9. Cmpptbrs. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, ar part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums sectored 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 agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the 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 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 />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor 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 />mailed, Lendtr h authorized to collect 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 Leader and Borrower otherwise agree in waiting, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the month?y installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />18. !lonower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by (his Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />[he liability of the origins! Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by mason of any demand made by the original Borrower and Borrowers successors in interest.
<br />li. Forbempsce h?' Lender Not a tll'aher. Any farbearanct by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shaft not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Morgage.
<br />12. Remedies CtampMire. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently, independently or successively.
<br />13. Srrcessora asd Aadges Eoperd- ioiwt apd Several I.iabBlty; Captions. The covenants amd agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. .411 covenants and agreements of Borrower shall ne joint and several.
<br />'Rte captions and headings of the paragraphs of this Mortgage are for convenience Doty and ate not to he used to
<br />interpret or define the provisions hereof.
<br />24. Notke. Excep! for any Halite required under applicable law to be given .n another manner, ia) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice [o Lender as provided herein. and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requested. to Lender's address stated herein or to
<br />such other address as Leader may designa[t by notice to Harrower as provided herein. .Any notice provided for in this
<br />Mortgage shall be domed m have been given to Borrower or Lender whin given in the manner designated herein.
<br />15. Upfform Mortgage; Gorersipg Law; SererabBlty. This (orm of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdictiom to constitute a uniform secunty instrument cover..tg
<br />real property. 'This Mortgage shall be governed bm the law of the jurisdiction in which the Property is locs[ed. In the
<br />event that any provision or clause of this A:.agage or the Nate rnnflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisrons of the Mortgage and the 'rote are declarM to be severable.
<br />16. lbrrowePa Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of exaution or after recordation hereof.
<br />17. 'i'rrssSer of tee Property; Arrpmptloa. If all or any part of the Property or an interest therein is sold or transferred
<br />by Botto.ver without Lender's prior written consent, excluding (a) the creatiou of a Item or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c} a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant or (tit the grant of any leasehold interest of throe years or less
<br />not comtaining an option !o purchase, Lender may, a[ Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shaft have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agrcetrtent in writing [hat the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shatl be a[ such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 11, and if Borrower's successor in
<br />interest bas executed a written assumption agreement accepted in writing by Lender, Corder shalt release Borrower from all
<br />obligations under this Mortgage and the Note,
<br />If Lender exercises such option to accelerate. Lender shall mail Harrower t,otice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of net less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums dw:lared due. !f Borrower fails to pay such runes prior to the expiration e( sucfi period,
<br />Lender may, without further 6otice er demand on Harrower, invokes any remedies permitted by paragraph /g hereof.
<br />None-UxrFOata CoveNetvrs. Borrower and Linder further covenant and agree as follows:
<br />IE. Ated~sr; RsmerYss. FstePt r prortded fp paragraph t7 hereo4 rpoa borrower's Ixeace of soy cmepaat or
<br />a~eesepept of bprrpwer 6t liir 1MartgrrRe, ipchrdhtg tISe coverants to pay wean d~ espy errors secut:d by this lliortgssge,
<br />Cartier prior b peeelCrat{rp airb rrtB pork! tp borrpwH as Prrrrided la paragraph 1• hereof spacify~g: tl) He hr!#ch:
<br />(1) ties ssNau raypirei to core each bssach; t3I a data, pot leas chap Jt! days from tee date the polite b mulled to Itlorrower,
<br />b wfdei spat ererci atpN M cared; ppd i~) rise [ailare b core such breach o0 or before the data spetiBad tp tbs aptke
<br />' M M1fe'! shall Misr ipforrr Borrower at tht~rlgbt to teLtsfsde after ~iaad t~ apd sale of rhea PropetYy.
<br />i6 fie pop-e#eace of a dataplt or say Drier defr[~ of Eorrowes to atcrkrattoa sad foretloawre. If fir: breech
<br />4 rot atereA op or eetws tie dale apaci[kd is tie eptice, Lepder at Lrtstder's optitrp may declare aB ~ the srau searored iy
<br />tflY MatpBe b M y rera ~ payable wNeopt frrtirer derpaeal tmd araY forrciase br )stilted Praccedlrti. Lepder
<br />aidl M sttf(tlai as cpRect Ma area Rrotee~dfrg aY eaptpaas d iorectoarrt, tpcturBpg, hw pot Mad w. costs rf doepmemary
<br />rrtdaawx, rtealrrelt sad tltle report.
<br />1!, 11Nrpwelra Rlgit ~ bsdagaae. Notwithstanding Lender's aceelcratuxt of the sums anltred by this Mortgage,
<br />.Borrower sbdl have the right u+ have any proceedings begun by Lender to enforce this Mwtgape diucxrtinutd mt soy time
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