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<br />Lender's written agreement ar applicable law. Borrower shat] pay t}ie anrovnz of all mortgage insurance premiums in the
<br />maw provided vrtder paragraph 3 hereof.
<br />Any ar¢tavnts disbursed b3' Luber puruart to this paragraph 1, with interest thereon, shall bs~mt -,~Iitiona?
<br />indcbtedrress of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terns of paymer:.. `.tch
<br />amounts shag be payable upon notice from Lender to Borrower requesting payment t~rerea#, and shall bear ?nttrest from the
<br />date of disbursement at the rata payable from time to time on outstantting principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permisarT>fe under applicable law. Nothing contained in this paragraph 7 shaft require Lender to incur any expetrse or tike
<br />any action hereunder.
<br />8. Inter. Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior Ya an}' such inspection specifying reasonable cause therefor related to L.ender's
<br />interest in tbe Property.
<br />9. Crtndaneoatba. The proceeds of any award or claim for damages. dire,, or consequentiah in connection with any
<br />condemnation or other flaking of the Property, or part thereof, or for convenance in lieu of condtmnation, are hereby assigned
<br />and shall be paid to Leader.
<br />In the event of a rota? taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with ibe excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless 3orrower and bender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is tqual to that proportior. which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears ro the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to $orrowtr.
<br />If fire 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 faits to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to co11eM 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 Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the titre date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />1®. )Borrower Not Released. Extension of the time for payment or modification of amortization of the Burns secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original 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 reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Ferheaance by Lender Not a Waiver. Any forbearance 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 imuraace or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to acceknte the maturity of the indebtedness secured by this Mortgage.
<br />1Z Retttiediee CatnalNive. 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 />fl3. Stsceesors sad Asaitsas Boated; beat and Several [.iablgty; Caption. The covenants and agreements herein
<br />contained shag bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. Atl covenants and agreements of Borrower shall be joint and several.
<br />'the captions and headings of the paragraphs of this Mortgage aze For convenience only and are not to be used to
<br />interpret or define rite provisions hereof.
<br />14. Notke. Except far any notice required under applicable law to be given in another manner. (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice 6y certified mail addressed to Borrower at
<br />ibe Property Address or si such other address as Borrower may designate by notice to Linder as provided herein, and
<br />gib) any notice to Lender shalt be given ay certiired mail, retetm receipt requested, tv I_andet's address stated herzirr or to
<br />such other addrgs as Lender may designate by notice to Borrower as provided herein. Any notice provided far in this
<br />Mortgage sha!1 6e deemed to have bean given to Harrower or Lender when given in the manner designated herein.
<br />15. U~orm hlartBttae; Governioag law: SeverabillFy. 7itis form of mortgage combines uniform covenants for nrftiana?
<br />_~ __d r,.:--u-e€ :.® __-...~~e.n .v..,. u,mc!°.t .,.,.:e.:...._ !;~ rie`~:ttic:f i:s ;. u.° unife~`,^° ^.otrL".gene -ring
<br />.,.«.......e '• ar;zt:t..,4 a °...°: ttrtty :,
<br />____. __________ __.______._ ...=gin ~,~=n._t~ -e„n.,i„=- -: ;~._ -_ _ _-_
<br />real property. This Mortgage sfiaii be governed by t~,~ aw of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage as lire lisle cuniricts with appli=obis taw, such cai:~,i. s s
<br />v-t,icr sis. ~ of this ;dort~.gz ru,= tbe Nste whi:.h ~ z be gi-en :.2~-t ~ithout t, ~ c~nflic :lam prcvis- ,, .. ~ -d =.. Stl:is
<br />end tbe provisions of the Mortgage and the Note are declared to be severable.
<br />li. Hotmwer's Copy. Borrower snail be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Ptrperty; AssampNon. If all or any pan of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a Lien 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 or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />trot containing an option to purchase, Lender may, at Lender's option, declare ail the sums secured by this Mortgage to be
<br />iutmedtately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />attd the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that tbe interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph 17, anti if Borrower's successor in
<br />interest has exocuted a written assump:ian agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligatitxns under this Mortgage sad the Note.
<br />If Lender exercises such option to accelerate, Lender shalt mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice snail provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay rho sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />r ~.,aM ~v ~vit_haut f~!rt!Yr naLMe or d<mYnd on Borrower, invoke any remedies permitted by paragraph 1R hereof.
<br />Nra-vTrtr"6ar:. Caior.:r~rs. Borowe: and Linder farth.°.r covenant and agree as follows:
<br />1lt, AccelerMioai Remedks. Except as provided is potagrapb 17 hereof, upon Borrower's btreacb of say covenant or
<br />of Horrowu lot ibis Martgttge, iacludltrt the covenants to pay whoa doe any Bottle aecared 6y /hh Mot1~e,
<br />header prior to acce4nttton siW mail ttoNce to Borrower m provided in poragnph ld hereof speci[yiot: {l) the brooch;
<br />(~ rite-actloa regafaed tQ care sttci breach; (3) a date„ rat lees than 3A days from the date the notice is trailed to Borrower,
<br />by trldclt e~cb bretteh be et~cd; and (d) that taLtu+s to cure such breach oa or 6etorc the date specified in the ao8cc
<br />m1~' tetiait is atedeiraUo® of tit wart secured by tide Mottp~e, forecl~ttre by judicial proceedletg sad stria of the Pwpenty.
<br />Yko notice sMaN testier terra Harrower of the riyit to rehnhtte after accekntioa aad the right to asetirt ?a tie foreclosure
<br />preee~edi~{ tie o~~ettittteace od n detntdt or say other detctas of Borrower to acceleration sad foreclosure. It the brex6
<br />M )let cariad oa or bolero tier dank spccf~$ed in tic notke, leer at Lender's option stay declare aB of tie soma secured by
<br />6e ~~eddstely doe and psyabie whbeut fnrlher demand and may forcelase by jttdkial procecellr~. Lender
<br />sitriN 6e etitiped ~ eogecf la sec6 proceeding aB expcttses of toreclosure, iacludbrH, cwt not limited to. costs of documentary
<br />evidence, airtwcts rsoti tNM reports.
<br />if, ^ecrtrwet's t to ltdasinle. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />iiorrrexar :h9?I ha:e ae r~irt to ?iavi any pr~tiz~s r`ge5n ay I.enuer la enf^r~c this Mairgagc t!>:_s.tiared at any ',._c
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