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<br /> ' L.endsr•s written agreement or applicable law. Botrower shall pay the amount of aIl mortgago insur .ance premiums in thn
<br /> ; manner ptovided under pacagraph Z herodf.
<br /> ' Any amounts disbursed by Lender pursuant to this paragraph 7, with inter�st thetwn, sha11 txcorrie sdditi�nal
<br /> i indebtedness of B+orrdwer secured 6y this Mortgage. Unlacs Sorrower and Lender agree to other Cerms of payment, such I
<br /> � amounts shall be payabte npon natice from Leqder to $vrtower requescing payment ther�of, and sha�t bear inRerest from rhe
<br /> date of disborsement at thc rata payahle from tim� to 'dme on outstanding principal under the Note onless payment iof
<br /> } inurest at such rutt wpuld be contrary to applieable law, in which nyent such amoants shall besr intazest at the highest rau
<br /> permisaibie under apglicable law. Nathing eontained' in rhis paragruph T shall require Lender to incar �np espense qt 'take
<br /> ; ang a¢tion hereunder�:
<br /> � 8. Impectlqn. Lcnd'er mag enake ar causo to be made rcasonahic entries upon and inspections of fhe Property, provided
<br /> !, [hat Lender shall give Barnowet noEice prior to any such inspection specifying reasonable cause therefor related to Leeder's
<br /> inteeesC 'tn the Praperty.
<br /> i 9. Cowlemoatfon. 7'he pro�eeds of any award or claim for damagrs, direct or c�nsequential, in r:onnection with any
<br /> condemnation or other Eaking of the Praperty, or part thoreaf, or for conveyance in licu of condemnation, are hereby �ssigned
<br /> � snd shg1l tte paid to Lender.
<br /> 1 Tn Yhe event -of a totai taking of the Praperty, the ,proceeds shall 1ie applied to fhe sums senured by this Mortgagr.
<br /> ; with tha exctss, if any, paid to Horrower. 7n the event of a par4ial takFng of the Propeety, unlesc Borrower and Lender
<br /> otherwise ggree in writing, Yhere shall bt applied t� tha sums secured by this Mortgage such proport'ion of [he prcueeds
<br /> as is equal to that proportion which che artfoune of the sumc sec4rted by this Nic�r(gage immed'iately prior t� the date of
<br /> taking 6ears to the fair market value oE Che Properry immediately prinr to the date of taking. with the b:�lance of the proceeds
<br /> paid to Borrpwer.
<br /> Tf the Propertq is abandoned by Borrpwe.r, or if, after noticc by i.ender to Borrower that the cpndetanor otfen Yo make
<br /> an award or settle a claim Eor damag�s, Hoerower faels co respond to Lender wit}ein 30 days afttr rhe daxe such notice is
<br /> mailed. I endtr is aotho.riud !o collecr and apply the proceeds. at Lender's option, eilher Yo restoratipn er repair bf Ehe
<br /> Rroperty or to the sums secwed by this Mortgage. �
<br /> Unless Lender and Horrower othenvise agree in writing, any such appiicatinn of prrrreeds co prineipal sNatl not extend'
<br /> or postpone the dae date of the monYhly installmenes referred to in Paragraphs 1 and 2 hercoE or changc the amount of
<br /> such insfaUments, ,
<br /> ib. Borrower 1Nbt Released. Extension of the tirrie far payment or mcdifiea¢ion of amortization of the sums secured
<br /> by this Mbrtgage gcantod by Lender to any successor in tnterest of Boreower shall not operate co release, in any manner, �
<br /> the liability uf the uriginal Horrower and Bc�rrower's surcessors in interest. Lender shall nat be raqiyired to commenca � '
<br /> ptoceedings against suc,h successor or cefuse to exte�rd time for payment or othcrwice modify artmortization of fhe sams
<br /> secursd bq this M�rtgage !iy reason oE any demand made by the orig'tnat 8orrowac and Eorrower s successors in intecest_ i,
<br /> 11- Foe6earance 6y Lender Not a Waiver, Any forbearance by Lander in exercising anv right nr remedy heeeunder, or
<br /> othercvise afforded by applicable law, shall not tre a waiver of oe prqclu'de the exercPse oE any such right or remedy.
<br /> ; Thc procucemenr of insuranae or the payment of taxes or other ]fens or cAarges by Lender shall not bc a waiver oE Lender's
<br /> right to aecele. rate the maturity oP the indet�tedneu secuted by this Mortgage.
<br /> ? Y2. Remedles CnmolaWc. All vemedies pr6vided in this Mortgage are distinct and tumulaCi-ve to any �thet right or
<br /> � remedy undet ihis Mortgage or afforded hy laW or eyuity, and may bo ezereised concurcently, independently or successively.
<br /> ; 13. Saccessors and Asslgns Bound; 3oint �nd Several i,iabitity; Captions,. The covenants and agreemrnCs herein
<br /> � can2sined shall bind, and tha rights hemuc�der shall inure to, the respeccive successors and assigns of Lendar and Borrawer.
<br /> � subject tq the provisions of parsgraph 17 hereof. AII covenants and aqrcements oE Botr�wer sha11 be jaint and severat.
<br /> 'Fhe captions and beadings of the paragraphs di this M�rCgage are for convenience only and are not to he used to
<br /> � interptet or define the pravisions NereoC z
<br /> 14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br /> Borrower pmrided for in this Mortgage shalt be given by mailing such notice by certified mail addressed to Borrower at
<br /> f the Property Address or at such other address as Borrbwer may designate by notice to Lender as provided herein, and `
<br /> (b) aay notice to Lender shall be given by certified mail, retum receipt requested, to Lender's address stated hereirt or to
<br /> such other addnu as Lrnder may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> Mortgage ahall be damed to have been given to Borrower or Lender when given in the manner designated herein.
<br /> 15. UNform Mortgrge; Govem(ng Law; SeverabOity. 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 /> reat property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is iocaud. In thc
<br /> event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shail not aRect
<br /> r other provisions of this Mortgage or the Note which can be given effect without the conNicting provision, and to this
<br /> { end Lhe provisions of the Mortgage and the Note are dectared to be severabte.
<br /> � 16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Moctgage at the time
<br /> of execution or after recordation hereof.
<br /> � 17. Tra�fer of t6e Property; Assamption_ If alt or any part of the Property or an interest therein is sold or transferred
<br /> .� by Borrower without I,ender's prior written consent, excluding (a) the creation of a lien or mcumbrahce subordinate to
<br /> this Mortgage, (b) the creation of a purchase money securiry interest for household appliances, (c) a transfer by �viu,
<br /> ;� descrnt or by operation of law upon the death of a joint tenant or (d) the grant of any leasehotd intercst of three years or less
<br /> rrot containing an option to purchsae, Lender may, at Lender's option, declarc all the sums secured by this Mortgage to be
<br /> immediatety due and payable. Lender shall have waived such option to accelerate if, prior to the sale or tranafer, Lender
<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 /> j is satisfadory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> :1 shail request_ If Lender has waived che option to accelerate provided in this paragraph 17, and if Borrower•s succes.ior in
<br /> � . interest has executed a written assumption agreemmt accepted in writing by Lender, Lender shall reiease Borrower from all
<br /> obligationa under t6is Mortgage and the Note.
<br /> If I.ender exercises such option to accelerate, Lender shall meil Borrower notice of acceleration in accordance with
<br /> paragraph 14 hereof. Such notice shalt provide a period of not less than 30 days from the date the notice is mailed within
<br /> which Borrower may pay the sums declared due. If Borrower fails �o pay such sums prior to the expiration of such period,
<br /> Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br /> Notv-UruFontK Covetvwtris. Borrower and Lender further rnvenant and agree as follows :
<br /> 18. Acceleratlon; Remediea. E:cept as provlded in para�rsph l7 6ereof, npon Borrower's breach of a�ry covenant or
<br /> agreement of Bor'ower in thb MoAgage, inclnding the covenants to pay w6en dne any sums secured by thie Mortgsge,
<br /> I.emler pdor to. acceleraHon shall malt notice to Borrower as provided in paragnph 14 heceof specitying: (i) t6e 6reach; ' �"'!�
<br /> (2) tbe action reyuired to cnre sac6 6reach; (3) s date, not Ims than 30 days from the date the notice is mailed to Borrower,
<br /> by which ach breach mffiE be corcd; aod (4) Yhat faLuro fo curc auch breach on or before the date speci6ed in the notice S -• �
<br /> may nsuk io acceleradon ot the sums securcd by this Mortgaqq [oreclosure 6y jodicla! proceeding and sale of the Property. � - »4
<br /> TMe noHce dnll lnrt6er io[orm Borrov►er of the right to reinetate after acceleration aad the rig6t to assert in t4e foreclosure
<br /> p`oceedtne :t6e nont�dstenee oE a dehdt or aiy other defe�e of Borrowu to acceleration and foredosure. If the breach f ;, ;;
<br /> IB TO� CO[!f� 00 O[ b!(Oi'! �I�! aY�l.BplCIGlII IO fL! OOHCl.� Lemler st Lender�s uption may declare aL of the sums secored by -
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<br /> this Moit�e to be Immedtatdy due aod payable without further demand and foredose b " �
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<br /> may y judiclal proceedi�. I.eoder
<br /> shaR be wtlHed fo coLect to sach procceding all expenses oE foredosure, Inclndiog, 6ut not Iimiled to, costs oE docnmentary � �""*
<br /> evideucq abd�cb and tlile reporls. :, .• ,.ra ,
<br /> 19. sorrower'a RiyLt to Rdnatate. Notwithstanding I.ender's acceleration of [he sums securcd by this Mortgage,
<br /> Borrower sha11 I�ave the :ight to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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