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<br /> Lender`5 written agraement or applicable law. Borcowtr shall pay the �mount of all martgage insuranr.c premiums in the
<br /> manner pYov"eded under paragraph 2 hartof.
<br /> Any amounts di5bucsed by Lender pursuant to this paragraph 7, wixh interest thereon, sha1F beportae additional
<br /> I indebtedness of Borrower secured by this Mangage. Unless Harcowee and Lender agree to other tertns of payment, such �
<br /> amounfs sha11 be payabls upan notioe from Lender to Borrower requesting payment thereof, and shaDl bear interest from Yhe
<br /> date ot' disbursement at the rete payable frotn t5ms to time on outstanding principal under t1�e Nota unttss payment o:f
<br /> intetest at sach rata wuuld be contrary to applieebte law, in wlaich event suah amounts shap bear interest at the highest rate
<br /> pecmissidle under appiicabie ]aw, Nothing contained in this paragraph 7 shall require Lender ta incur any expense or take
<br /> any setion hereunder.
<br /> 8, inispecNon. Lender may make or rause to be tnadc reasonable entries upan and inspections of Yhe Pto�eety, pravided
<br /> that L,ander shall give Borrowee notice prior to any such inspeetion s,pecifying reasonsble cause therefar rclated to Lender's
<br /> interest in the Froperty.
<br /> i 9: ConAemnatton. The proceeds of any award or claim for Jamages, d3rect or co,nsequencial, in cannaetion with aoy
<br /> eondcmnation or o[her taking of the Properry, or part thereof, or for conveyance in licu of e�ndemnation, are hereb,v assigned
<br /> anil shall be paid to Lender.
<br /> In the qvent of a tata1 taking of the Proptrry, the prc?ceeds shall lic applied 4n thc sums secured hy this Mortgage,
<br /> wi3h the exces5, if any, paid to Borrower. Ln [he evemt nf a partia[ taking of thc Property, unlees Borrower and Lender
<br /> ocherwise agree in wr'iting, there shatt bc appiiad to the sums sccurec3 hy this Mortgagc such proportion of Yhe praceeds
<br /> as is equal to that propottiore wNich the amount of thc surns secureii by this Mortga¢c imrtmediafely prior ro the datC of
<br /> taking bears to the fair matktt valne of the Prope.rty immediately ptior to the date of t�king, with thc balance c�f the proceeds
<br /> paid to Horr�war.
<br /> If the Propeccy is abandonad by �iorrowe:r, or if, after notice hy Lender to Borrower that fhe co,odemnor offers to maka
<br /> an award ar setUe s claim for damages, Borrowcr Pails tn eespond t� I.ender within 30 days after Che daie such notice is
<br /> mailed, I.ender is authonud to eoUec2 and ap�ly the proceeds, ae Lendar's opfion, eithtr to rextoration nr r�pair of ths
<br /> ProperCy or to the sams seeured by this Mortgaga
<br /> Unless Lender and Borrowec otherwise agree in wrifing, any such a-p�+licaeion of prc�ceeds to principat shall' not extsnd
<br /> or postpona Che due date of thr monthly insta]Iments refeered ro in paragraphs 1 and 2 hereof ar change the arriount of
<br /> such installmants.
<br /> 10. Borrower Not Rdeased. Extension oF the time far payment or modification �f amortization c�E the sums secured
<br /> by this Mortgage granred by Lender to any successor in intcrest of Borrowcr shall not �peeate to release, in an,y manner.
<br /> the liabiliry of the original Borrowrtr and Borrower's successors in interest. L,endor shall not be ►-equired to commcnce
<br /> proceedings against such successar or rrfuse to oztend tiroe f�r pavme,nt or ofherwist modify amnrtization of the svms
<br /> saeured 6y this Mcirtgage by reason of any d�mand made by the original 8orrower and Borrowers successore in inceresc.
<br /> 11 . Furbepnance 6y Lender Not s Waiver. Any forbearance by Le,nder in eXereising any ri�ht or remedy herannder, or
<br /> ; otherwise afforded bq applicable law, shall nat Fx a waiver ot or prec4ude the exercise �f any such right or remedy.
<br /> 1"he pracutement of insprance qr ffic payment di taxes or other ticas or charges bq Lender shall nol bc a waiver of Isnder's
<br /> right ta aceelerata the maturity of the indebtedness secuscd by this Martgagc.
<br /> '- r 13. Remedies CumulsMive. All remedies pr�vided in this Mort�age are disCinct and cumnlativc to any other rigMt or
<br /> remedy under ihis Mortgage crr afforded by law or cyuity, an�# may be exereised consurrently, �ndependently or suceestively.
<br /> 13. Sqceessors and Assigns Baund; Jbinf end SevetW' i:iability; Captions. T'he covenants and agreements herein
<br /> contained shalT bind, and thc rights hereunder shall inure to, che respective successors ahd assigns af Lender and 8ormwer,
<br /> su4ject to the provisions of paragraph 17 heroof. All covemants and agreements �f Barrower shall be joint and several.
<br /> � z The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br /> interpret or define the provisions hereof.
<br /> i 14. Nofice. Ezcept 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 mailing such notice by certified mail addressed to Borrower at
<br /> ' the Property Address or at such other address as Bortower may designate by notice to Lender as provided henin, and '
<br /> j (b) any notice to Lender shall be given by certified mail, retum receipt requested. ro Lender's address sYated herein or to
<br /> such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> Mortgage shnll be deemed to have been given to Borrower or I.ender when given in the manner designated hercin.
<br /> j 15. Uatform Mortgaqr, Governing Law; Severability. This form of mortgage combines uniform covenants for national
<br /> � use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br /> real property. This Mortgage shall be govemed by the Iaw of the jurisdiction in which the Property is located_ in the
<br /> cvent that any provision or clause of this Mortgage or the Note conflicts 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 ro this
<br /> � end the provisions of the Mortgage and the Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage a[ the timc
<br /> ' ; of ezecution or after recordation hereof.
<br /> � 17. Tranafer of t6e Property; As4umption. If all or any part of the Property or an interest thercin is sold or transferred
<br /> by Borrower without Lender's prior written consent, exduding (a) the creation of a lien or rncumbrance subordinate to
<br /> � this Mortgage, (b) the crcation of a purchase money security interest for household appliances. (c) a transfer by devise,
<br /> � descent or by operation of ►aw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or /ess
<br /> + not containing an option to purehase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br /> ; � immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or tranafer, [.ender
<br /> -� and 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 the interest payable on thc sums secured by this Mortgage shall be at such rate as Lender
<br /> � ahall request. If Lender has waived the option to accelerate provided in this paragreph 17, and if Borrower's successor in
<br /> ; � interat has ezecuted a writtrn aasumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br /> obligations under t6is Mortgage and the Note.
<br /> ,. � If Lender exereises such option to accelerate. Lender shall mail Borrower notice of acceteration in accordance with
<br /> f paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br /> ! a wbich Borrmver may pay the sums declared due. If Borrowe� fails to pay such sums prior to the expiration of such period,
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<br /> Lender may, without further notice or demand on Borrower, invoke any rcmcdies permitted by parngraph 18 hereof.
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<br /> i Nox-UxtFonM Cover�wrirs. Borrower and Lender further covenant and agree as follows:
<br /> ; � 18. Audention; Remedies. Except aa provlded in paragrayh 17 bercof, upon Borrower's breach of any covenant or .
<br /> • 1 agreement o[ Borrower in this Mortgage, including ihe covenanta to pay when doe any sums secu�ed by thls Mortgage,
<br /> , � Leader prlor to accekratiou shall mafl notice to Borrower as provided tn paragraph 14 6ercof specifying: (1) the brcacA; �^. "'4�
<br /> (2) thEaMion required to care such breach; (3) a date, not le� than 30 days from t6e date the notice is mailed to Borrower,
<br /> � by which sach brcxh maat be curcd; and (4) ibat failare to curc such breach oa or before the date specH'ied in the nodce ` �, "" � r
<br /> ;). mry result in acceleraUoo of tbe su� securcd by lhis Morlgsqq foreclosure by judiciat proceedi� and sale of [he Properly. � '" 3
<br /> .� T6e uotla shdl further inform Borrower of the rlght to relnstate after acceleratlon and the r(g6t to asse�t in the foreclosure j` ,
<br /> �proceedio� t1�e noo-exietence ot a default or aay .other defenu of Borrower to acceteratlon and foreclosore. If the breach
<br /> is not cured on or be[ore ihe date speci8ed io t6e noHce, Lender at Le�eTs option may declare dl of t6e sums sernred by , `R �
<br /> � this Mo�e to be lmmediatefy doe and payable withoat Eur�her demand and may forcclase by judlcial proceedi�. Lender r "'� ' �
<br /> :; s6aL be"entltled to eolleM in snch proceedlug a0 acpemea of foreelosure, incloding, but not limked to, costs of docomentary � •� ""'`
<br /> ; evfdentt, a6stracd and tltle reporls. '"`
<br /> 9 19. Bo�rodei's RigLf to Reinsfata Notwithstanding LendePs acceleration of the sums secured by this Mortgage,
<br /> # Borrower ahall have tf�e right to have any proceedings begun by I.ender to enforce this Mortgage discontinued at any time
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