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<br />Lis wttttert agreentettt or appileabie lam. Borrrwvtr shall pay the amaum of aA mortgag~t insurarxe premiums in the
<br />matnter prarit#sd under parargrepit 2 hereaC.
<br />14ity amounts dFsbursod by Lertdsr punrurnt to this paragraph 7. with interest tlteroon, shall become addi:~,_~al
<br />irtdsht of Borrower sixured by this Mattgsge. Unless Borrower and Lender agent to other terms of paytrtent, suci,
<br />amouttls shaft be payable upon notice from I.erider to Borrow-er regttesting payment thereof, and ahaii bear interest ftrnn the
<br />t of disbttraemmt at the-rate payxbk from Ntm to time on outstatrdirtg principat antler the Nitre unless payment of
<br />itttrest at sash tale-would be contrary to applicablt law, in which event such amounts shall bear interest at the highest rats
<br />ptsrrnite-tinder applicable law. Nothing contained in this paragraph 7 shall require Lender fo incur arty txptmse or take
<br />any action hereunder.
<br />fl, ~yraebar. Leader may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shaft givt Harrower notice prior #o any such inspection specifying reasonatle cause therefor related to Len~r's
<br />infsrest in the Property.
<br />9. C.~isrtwrtttea. 7ite proceeds of any award or claim far damages, direct or constquertial, in connection with my
<br />cortdemnatfon or other taking of the Property, or part thereof. or for conveyance in situ of rottdemnation, are herslty assigned
<br />and shall be paid to Lender.
<br />to the event of a total taking of the Properrv. the proceeds shall be appiitd io the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Bon:rwer zrid Lstt~r
<br />otherwi~ agree in writing, there shall be applied to the sums secured by this Mortgage such proptmion of the prtttxeds
<br />as is equal to that proporeioo which the amount of rtes sums secured by this Mortgage immediately prior to the date of
<br />taking bean to the fair market vahte of the Property immtdsateW prior to the daft of taking, with rtes balance of the procads
<br />paid to borrower.
<br />It the Property is abanrlaned by Borrower. or if, aher notice by Lender to Borrower that rtes condemnor offer to make
<br />an award or settle a claim for damages. Borrower fails to respond to tender within 30 days after the date attch notioe is
<br />maik~, Lender is xuthariud to collect and apply the proceeds, at Lender's option. tither to restoration or ttpair of the
<br />Property or to the sums stcured by this Mortgage.
<br />Unteas Lender and borrower otherwise egret in writing, any such application of proceeds to principal shall not extend
<br />or postpntte the due date of tht monthly installmenas referred to in paragraphs t and 2 hereof or change the amount of
<br />such instaUtnents.
<br />10. borrower Not Releo«d. Extension of the hme for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Aorrower shall oat operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in intercat. Lender shall r:ot be required to commence
<br />procadinga against such stttxessot or refttsc to extend time far payment or otherwise modify amoniution of the sums
<br />~..erYt by th a t4lnng's~ t+v K of a v dtman~t mndr by 1}tt original AarrawSr and Aorrower S sUCCt140T4 In inlereat.
<br />lD.~Porbaararse by Lesser Not a ~Ydver. Any forbearance by tendder in extrcising any right or remedy hereunder, or
<br />otherwise affortkd by apptica6ls taw, shah not rte a waiver of or preclude the exercise of any such right or remedy.
<br />'tTx procurement of insuratm or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indehtedness secured by this Mortgage.
<br />iZ 18asrediea Cwsslatise. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw' nr equity. and may he exercised concurrently, independently or successively.
<br />13. 9sreeasan awl Aasfpea )wadi JoMt trod Several l,IabfNty; C..apdona. The covenants and agreetnatts herein
<br />caeitairtad shall bind, ark! the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of puagraph i7 hereof. Ail covenants and agreements of Aorrower she!{ rte joint attd several.
<br />'Rte captions atni headings of the paragraphs of this Mortgage are for convenience only and are not to be used ro
<br />interpret or define the provisiom lterrnf.
<br />fd. Notice. Except for any notice rcyuired under applicable law to fee given in attotlxr manner, {a1 any notice to
<br />Borrower provided for in this Mortgage shalt be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such caper address as Aorn,wer may designate by notice to lender as provided herein. and
<br />(b) an}' notice to larder shall tx given by eerhfied mad. return rrcerpt reyutsted. to Lendtr'e address stated herein or to
<br />such other address e3 Lender may designate by notice to 8orruwer as provided herein. Anv notice provided far in ihis
<br />Mortgage shall Ile dttmtd to have hten given to 8orr++wer or l tudtr a hen green in the manner dtsignaied ltereia.
<br />1S. Uttifartu MaKgargr Govsrwiag fAw; Severrribbity. This form of mortgatie com~ ' rm covenants for national
<br />use and den-uniterm tvtnants with timid i part rt to r ..itcttun to cunstrtute a u
<br />t~l properly Thrs ~tr?rigage .hall t+e _rv~rned F4 tti .. _+t the turisdicUnn t~ wit lt,
<br />t
<br />Event to [ dl[Y pr.;r,sia ., iY[ •taii rt .;t th,i --, a~tlQugu -„ ~ ~,. :-:::i i.` stir::: -•'-:::. 3~.E..t.....,~i ~" '
<br />rtther ~rucisictns of thu Alortaave ur rtes Nutt whrch can he awen cQccr without the con tctinA _ ~. is
<br />end the provisions of the Mortgage and the N.vc ,t re .!eclared to he sevtrabie_
<br />16. Bsrrrower's Copy. Barowcr spa!! he furnishtJ a ~ oniermtd copy of the 'Vote anti ct tires iilarrgage at the tints
<br />of saecutian or after recordation hereof.
<br />17. 1'rxasfer of iba Prapedy; Aawntptian. ii alt or any part of the Property or an rncerest therein is sold or transferred
<br />by Borrow'cr without Lender's prior written consent, cxauding tat the creation of a !ten or encumbrance subordinate to
<br />this Mortgage, ib) the creation of a purchase rnone}' ,rcunn tnterest for hottsthokl appliances, ic) a transfer by devise,
<br />desCSnt or by operation of law upon the death of a jornt rcraant or fur the grata of any leasehold interest of three years or less
<br />trot containing an option w purchase, Lender m:cy, at Lender's apuon, decl;uc all the sums secured by ihis Mortgage m be
<br />itntttediately due and payable. (ender chef! hale watvcd >u.h option t+, ::cce!er,ue if, prior to rtes ,ale nr vansfer, tender
<br />and the person to whom the Property ie to he ,,.tcf or transferred reach agreement in writrng that the credit of such person
<br />is satisfactory to Lender and that the interc,t , a}able on :he sums xcured h} this Mortgage sha8 itt at such rate as !.ender
<br />shah reyutsi. t€ t.tudtr has waived the opt,on r, .[ celera:e p.+is•iutd ~;; this paragraph !'.. and i,r Aorrawes's stKt:essor in
<br />inttrest has extcuttd a written assumption agreement ac rpted in scriung by Lender, Lender ,hall releax Borrower from all
<br />obligations under this Mortgage and the Nutt.
<br />it L.rtider exureises such option to accelerate, i cu.ter ,halt mail 8orruwer notrce of acceleration to accordance with
<br />paragraph 14 hereof. Such native steal! provtdc a ;xrrud ,.t n[+t lea. than tti day, from the dart the notice is mailed within
<br />which Borrower may pay the sums drxlared due- If Aorrower faire to pay such ;ums poor to the expirauon of such period,
<br />L.aadet inay, without further notice or demand nn 8orruwer, rnvoi,e any remedies pcrmrtted by paragraph I R hereof.
<br />Notit-UtvtPUatit C'aveN~Nt's. 8curowcr and I.tn..er turthet covenant and agree as follows
<br />S6: Aecxiaratiosl i4ernrdits. iFscepr xs provided in paratraph i7 hereof, upon Borrowers brercb of any cuvaaaat ar
<br />test of borrower in this !Nartg~a, irtcloding the cotenants pt pay whin due any sums scented by this !Norlptga,
<br />t.tsYtletr prbu Wt aceeb!ssttion shag ma8 notice to borrower ac prodded in paragraph 14 hereof sptcHyisg: ttl the broach:
<br />!A) Nre stctloa required to cure wch breach; (Jl a date. rtotl less than :tU days front the daft rtes notice is malted to borrower.
<br />by 4rltktsA web brcacltpsutst bt cured; trod !~) that fxAtrre fo cure sorb breach ua or before the date specliitd is the aoPlce
<br />sastalt ~ ~et~t'atlaa of the sums second by this ilorigagE, foreclosure by judicial prxtcetditgl and sale of the Property.
<br />Tbt naUca ahR1i ftulbar idwnt baruwer of rtes ri@bt to reinstate otter acceleration and the right to fksttt in Fht fareclasura
<br />procvat~sr# d!m qaa-eatkasort of a defaalt or any other defense of borrower to ikrekration xmf fareclaatire. if the Dsteicb
<br />4s and cased on of before the date specl0ed in the notice, Ltndrr at Lrrtders option max declare all of the wears secured by
<br />this ftfartsat0s to be itumttllatefy clot and payable without further demand xad may foreciast by jrtdirld praet l.teder
<br />~ be etrtiFAed to collect in sash practedlsa ab espertus of forealasure, Inclkdbg, but not ilealtad io, tour of docsoreatrr7
<br />~.~. ~a t~ ..ws«a.
<br />16~ -_- -.ter-~~f ~~bt tR $~~~1;". t~ttiatw3rtlci ~fi+~+n~ }.2 nti~'r ~i iii Ctrir~ttal2] [,f the •timi cCti nrE/~ 64 1h11 MiTCtoaYi°,
<br />Bcitrewer shall have the right fa have any prcxredin}s titgr:n h} ! ender tc. enicrrcc .ten !.9c+rtgage c!iscontinutd at any titnt
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