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<br /> I.eader's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> � manner ptovided under paragraph 2 bereof.
<br /> Any amo�nts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br /> � indebtedness of Borrower sccured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br /> amounts shall be payable upon notice £rom Lender to Soaower rcquesting payment thereof, and shail F�ear interest from the
<br /> ' (� date of disburoement at the mte payable from time to time on ontstanding principal under the Note unless paymtnt of
<br /> �; interest at such ratm would be contrary to applicable law, in which event such amounts shall bear interat at the highest rate
<br /> ;� permisaibte under epplicable law. Nothing contained in this paragraph 7 shall require Lender to in¢ur any expense or take �
<br /> ,; j aay action hereunder.
<br /> � S. InspeeNon. I.ender may make or cause to be made reasonable entries upon und inspections of the Properiy, providecl
<br /> � that Lender shatl give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br /> , , ` interest in the Properry.
<br /> ; ' S 9. Condemnation. The procceds of any award or claim for damages, direct or consequentiai, in connection with any
<br /> E condemnation or other taking of the Property, or part triereof, or for conveyance in lieu of condemnation, are hercby assigned
<br /> i and shall be paid to I.ender.
<br /> � in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage,
<br /> , � with the excess, if any, paid to Horrower. ,'n the cvent of a partial taking of the Property. unless Borrower and I.ender
<br /> otherwise agree in writing, there shall be applied to thn sums secured by this Mortgage such proportion of the prxeeds
<br /> j as is equa! 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 immediatety prior ro the date of taking, with the balance of the proeeeds
<br /> ` paid to Borrower.
<br /> ! If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor aRers to make
<br /> 3 an award or settle a claim for damagrs, Borrower fails to respond to Lender within 30 days after the date such notice is
<br /> � mailed, Ixnder is authoriud to callect and apply the proceeds, at Lender's option, cither ta restoration or repair of the
<br /> f Property or to the sums secured by this Mortgage.
<br /> ; Unless Lender and Bocrower otherwise agree in writin�c. any such apptication of proceeds to principai shall not extend
<br /> 3 or postpone the due date of the monthly installments referred to in paragraphs I und 2 hereof or cbange the amount of
<br /> i such insta]Iments.
<br /> ; r 10. Borrower 1Vot Reteased. Extension of the time for payment or modiScation of amortization of the sums secused
<br /> by this Mortgage granud by Lender to any successor in interest of Borrower shall not operate to retease, in any manner.
<br /> ' � tfie liabiliry of the original Sorrower and Borrower's successors in interest. Lender shalt not be required to commence
<br /> ; � proceedings against such successor or reEuse to extend time for payment or otherwise modify amorti7ation of the sums
<br /> secured by this Mortgage by mason of any demand made by the ariginal Borrower and Borrower's successors in interest.
<br /> i � 1l. Forbearance by Lender Not a Waiver. Any forGearance by Lender in exercising any right or remedy hereunder, or
<br /> � othecwise.,a$arde@ by applicahle law, shall not Lx a waiver of or preclude the exercise of any such right or reroedy.
<br /> i > 'I'l�e�procurement of insurance or the payment of taxes or other liens or charges by Lende� shall not be a waiver of Lender•s
<br /> ; � s,i�ttt�t��accelecate the maturity of the indebtedness secured by this Mortgage.
<br /> 3 ..-.. 32...Remed'aes CumnlnBve. All remedies provided in this Mortgage are distinct and cumulaxive to any other right or
<br /> � remedy under ihis Mortgage or atforded by Iaw or equity, and may be exercised concurrently. 4odependenHy or successively.
<br /> � 13. Socce�ors and Assigns Bound; Jolnt and Several I.iability; Captio�. The covenants and agreements herein
<br /> contained shall bind, and thc rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br /> , � snbject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint aad several.
<br /> � The captions aad headings af the paragraphs of this Mortgage are for convenience only and are not to be used to
<br /> � interprot or define the provisions hereof.
<br /> 14. Notice_ Except for 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 maiting such notice by certified rtcail addressed to Borrower at
<br /> � the Property Address or at such other address as Horrower may designate by notice to Lender as provided herein, and
<br /> , � (b) any notice to Lender shalt be given by certified mait, retum receipt requested, to Lender s address stared herein or to �
<br /> , 3 such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> � Mortgage shall be deemed to have been given to Borrower or I.ender when given in the manner designated herein_
<br /> IS. Uniform Mortgage; Goveming Law; Severability. This form of mortgage combines uniform covenants for national
<br /> : � use and non-unifortn covenants with limited variations by jurisdiction to constitute a uniform security instniment covering
<br />' � real property. This Mortgage shall be governed by the Iaw of the jurisdiction in which the Properry is located. Tn the
<br /> event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall no[ affeM
<br /> other provisions of this Mortgage or the Note which can be given effect without the conHicting provision, and to this
<br /> B end the provisions of the Mortgage and the Note are declared to be severable.
<br /> •. � 16. Borrower'a Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> ' � of execution or after recordation heroof.
<br />� 'i 17. Tnmfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br /> i by Borrower without I,endePs prior written consen4 excluding (a) the creation of a lien or encumbrance subordinate to
<br />� 1 this Mortgage, (b) the creation of a purchase money security interest for household applianees, (c) a transfer by deviae.
<br />� b descent or by operation of taw upon the death of a joint cenant or (d) the grant of any leasehold interest of three years or less
<br /> 4' � not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />, � immediately due and payable. Lender shall h�ve waived such option to acceterate if, prior to the sale or iransfer, Lender
<br />;; j and the penon to whom the Property is to be sold or transferred reach agreement in writing that the credit of such peison
<br />„ J is satisfactory to Lendu and that the interest payable on the sums secured by this Mortgage shatl be at sueh rate as I.ender
<br /> f shall nquat. If Lender has waived the option to accelerate providcd in this paragraph 17, and if Borrower's successor in
<br /> } iaterest has executed a written ansumption agreement accepted in writing by Lendar, Lender shalt release Sorrower from all
<br />!: � obligations under this Mortgage and the Note.
<br />:' f If L.ender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />' ' I paragraph 14 hereof. Such notice ehall provide a period of no[ less than 30 days from the date the notice is mailed within
<br />;,, i , which Borrower may pay the sums declared due. If Borrower fails ro pay such sums prior to the expiration of such period,
<br />': j Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph lS hereof.
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<br /> � Nox-Uxiroxat CovexeNrs. Borrower and Lender further covenant and agree as followa:
<br /> 18. Accderatfoa; Remediea Ezcept ss provided iu para};nph 17 hereof, upon Borrower's 6reac6 of any covenant or
<br /> agreement o[ Borrower io this MorlgaAe, including the covenants to pay when due any sums aecured by this Mortgage,
<br /> I.tnder prtor to accekeation s6a11 mail notice to Borrower as pwvided in paragraph 14 hereoE specify7nge (1) the bneac6;
<br />,:;:.� (2) the actlon reqnired to carc sach breach; (3) a date, not lees than 30 days from tLe date the noHce is maihd to Borroweq
<br /> by whkh mch brpch mad be cvred; snd (4) that faLurc to cure suc6 6rcach on ar before t6e date apeci6ed In the notice
<br /> may r�ultJn acederatlon of t6e sums securcd by this Moctga�q Forecloaure by judidsl proceediag and aale oE t6e Property.
<br /> The ootice shall tmther i�orm Borrower of the rtght to rcinatate after acceleration and the rtght to asaert tn the foreclosvre �
<br /> proceedine tbe non-exietence of a defaalt or any ot6er defe�e of Borrower to accelerallon and Porectosare. if t6e breach
<br /> is 'not cured o0 or before t6e date apecffied iqthe nodce, Lender at [,ender's opHoa msy declarc all of t6e sums aecured 6y
<br />�. th3s Morfgage to be immediatdy dne and psyable wkhout furlher demand and may forcclose by judlctal proceedivg. Lender
<br /> a6ad be:entkled 10 collect in such proceeding all experoes of Poreclosare, inclnding, 6ut not limked to, costs of docomentary
<br />�` evidenle, a6stracts and title reportr.
<br /> �� 19. Boerowda RigLt to Reimtata Notwithstanding Lende�'s acceleration of the sums secured by this Mortgage,
<br />`;{ Borrower shall have tde. right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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