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<br /> I.andor's written agrceiinent or agplicable law. Boarower shall pay [he amounC af aIl' mortgage insurance premiums in the
<br /> manner pYovided undet paragraph Z heroaf.
<br /> .Any amounts disbursed by I.eoder pursuant to Chis paragreph 7, with interest therec�n, shall become add�tional
<br /> indebeedntss pf Botrower secured by this Moregage. Unlesx $acrower and Lender agree to other terms of payment, such
<br /> amounts shall be p�yablo upon noeice from L.ender to Borrower requesting payment thereof, and shall bear interest fmm tho �
<br /> date of disburssmmt at the rate payable fram time to Sime on oarstanding principal under the Note unless p.ayment of
<br /> interese at auch rau would bt contrsry to applieable law. in *+�hiah evene such amounts shatl 6ear interost at the highest rate
<br /> permiasi6le uadcr spplicab1a law. Nothing contained in this paragraph 7 shall cequice Lendcr Co incur any expense or take
<br /> any actibq hereunder.
<br /> 8. inspee4?oo. Lender may tnake or cause tm bc made reasonable entries upon and inspecrions of Fhe Property, provided
<br /> tha! L.ender sha:tl givo Bocrower notice prior to any strch inspectian speci.fyi�g reas�nable cnuse thereFor related ta Lender's
<br /> ; interest in the ProperCy.
<br /> C7'� 9. C'ond'emnalloo. TTie proceeds aF any award or claim for �amages, clirect or eansequentia4, in connection with anq
<br /> � condemnadon or other [aki,ng of the Pcoperty, �r paK Yhoreo'f, or fot conveyance in lieu of condomnation, are hereby assigned
<br /> ..-.{ and shatt be paid to Lendec
<br /> ' � in 'the event of a total taking of the Froperry, the proceeds shati be applied to fhe sums Seeured by this Mortgage,
<br /> ! � with tha excess, if any, paid do Borcc�war. in che event of a partial tak'tng of the Feoperty, unless Borrower and I.ender
<br /> j .� o[herwise agree in writ.ing, theee shall be a�plied ta the sums scaured bp this 1N;ortgage such proportion of the �irocetds
<br /> as is equal to that prqportion w6ich nhe amount of rhe sums secured by tfiis Mortgage immed'eately priar rt� thc data of
<br /> � �' taking bears fo Yhe fair markeit valwe of che Property immecliately prior to Yhe date of iaking, with the halanca of tho ptoceeds
<br /> p� paid to Borrower.
<br /> � If the Pioperty is abandooed by Borrower. or if, after noriae hy Lender to Borrc�wer that the condemnor offers to make
<br /> an awaad or setCle s claim for damages, Barmwer fails to respond to I.ender wfthin 30 days after the date sueh notice is
<br /> maile8, Z.tnder is authorized 2o eollect and apply the proceeds, at Lender's option, either Ya restoration oc ropair of the
<br /> Property or to ihe sums stcured hw this Mortgage.
<br /> Unless Lender and Bor�pwsv otherwise agrae im writing, ang such app4ication of proceeds ta principal shall not extend
<br /> ' � or pastpane the due dete cvF cho monthly ins0allments reFrrted t� in paragraphs 1 and 2 hereof or change the amount c+f
<br /> such insfallmtnts.
<br /> � ; 10. Burrower Nut Rtleased. Extension of the timt tar pmyment or modificatinn o.f amortizafion of the .sums seeured
<br /> by this Mortgage granted by Lender to any succesu�r in incerest af Bcarrower shall not operare to release, in any manner,
<br /> Yhe liability of tfie original Borrower and Borrower's successors in interese. Lender sha11 not be reqnired to commence
<br /> procetdings against sueh successor or refuse to extend time far payment or otherwise rnodity amortization of the sums
<br /> securcd by this Mnrtgage by reason of any demand mada by the original Borrower and BorrowGre succtssors in inCeresL
<br /> 11. Forbeacance 6y Lender Not q Waiver. Any forbearancc by Lender io exercising any eight or remedy heroundeq or
<br /> # otherwise ,a$orded Ny applieable law, shall nox be a wniver of or preelude the exercise of any su¢h right or remedv.
<br /> T'he<procucement of insuranee or the payrtrent of taxes or other liens or charges I�v Lender shall noc he a w•aiver Af Lender's
<br /> right to aecelerate the maturity of the indebtedne�x xecund by this Mortgage.
<br /> 12, Remedies Cnmulativa. All remedies provided in [his Morfgage are distinrt and cumulative ra any orher right or
<br /> remeily under this Mortgage or afforded by law .or equity. and may f�e exercised c�ncurrently, indePendently or succtss"cvely.
<br /> 13. Sncceswrs and Assigns Sound; Jo;nt and Several i,iability; CapBons. '1"he cpvenants and agrcemencs hereie
<br /> � contained shall bind, and the rights hereundpr shall inure to, the mspective successars and assigns of Lender anii Borrower,
<br /> subjqcs to the provisions of parag.raph 17 hzreoE. All ¢ovenants and agreemKnts of Borrower sha11 be joinE and sevecal.
<br /> The captiaos and headings of Ehe para�raphs of rhis Mortgage are far cnnvenicnce �nly and are not to be used to
<br /> .,;j interpret or define the provisions hcreof.
<br /> 14. 1Votice. Except for any notice ceqnired undev a�iplicable laW to be given in annthe� manneG (a) any noCica to
<br /> � Borrower provided for in this Mortgage shall be given by mailing such notice by certiSed mail addressed to Borrower at
<br /> � the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br /> , � (b) any notice to L.ender shatl be given by certified maiJ, retum receipt requested. ro Lender's addreu stated hemin or to
<br /> , � such other addrcss as Lender may designate by notice to Borrower az provided herein. Any notice provided for in this
<br /> j Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designat�d herein.
<br /> ' 15. Unlform Mortgage; Governing Law; Seven6iliry. This form of mortgage combines uniform covenants for national
<br /> � use and non-uniform covenants with limited variations by jurisdiction to constimte a uniform security instrument covering
<br /> real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br /> event that any provision or clause of this Mortgage or the Note conflicts with applicabte 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 to 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 at the time
<br /> of execution or after recordation hereof.
<br /> � 1'7. Trana[er of the Property; Aseumption. If all or any part of the Property or an interest therein is sold or transferred
<br /> ; by Borrower withou[ L.ender's prior written consent, excluding (a) the creation of a lien or encumbrahce subordinate to
<br /> ; � this Mortgage, (b) the creation of a purchau money security interest for household appliances, (c) a transfer by devise,
<br /> 3 descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intercst of three years or less
<br /> : # not containing an option to purchase, Lender may, at Lender's option, dectare all the sums secured by this Mortgage to be
<br /> immediauty 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 Propercy is to be sold or transferred mach agrcement in writing that the credit of such pe�on
<br /> is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Leader
<br /> shalt request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's succusor in
<br /> i interest has exxuted a written assumption agreement accepted in writing by Lender, Lender shall release Bortower from all
<br /> :� obligations u�der this Mortgage and the Note.
<br /> � If Lender exercises such option to accelerate. Lender shatt mail Borrower notice of acceleration in accordance with
<br /> � paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br /> � which Borrower may pay tht sums dulared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br /> Lender may, without further notice or demand on Bonower, invoke any remedies permitted by paragraph 18 hereof.
<br /> � Now-UN�PoxM Covexetrrs. Borrower and Lender further covenant and agree as follows:
<br /> � 18. Acceleratbo; Remedies. F�ccept as provided in paraqnph 17 hereof, upon Bomowe�s breach of any covenant or
<br /> � agreement of Borrower ia thia Moctgage, includ(ng the coveaants to pay when due any sums aecured by this Morfgage,
<br /> Lender prlor to acakration sball msil notice to Borcower as provided in paragraph 14 6ereof apecifying: (1) t6e brcach; �
<br /> (2) the acNon required to curc euch breach; (3) a dste, �rot Ims than 30 days from the date the notfce is ma�'led to Borroweq �
<br /> � by wlSch aach 6rcach mnst be cured; and (4) that fatlure fo cnre such 6reach on or befoce the date speciSed in the notice R
<br /> may resWt in rccderapon of t6e sums secured by thia Mortgage, foreclosure by judicist proceedl� and sate of t6e Propecty. � ' ,
<br /> j T6e notice sha� further laform florrower of We rlght to eeiostate after acceleratlon and t6e right to assert ia the foreclosure �� � ,, y
<br /> { proceeding the non-exbtence of a default or a�ry other defense of Borrower to accclerotion sod foreclosure. If the 6reach �
<br /> '� is not cored an or beforc the date epecified io the notice, [.ender st LendePe option may declare sll of the snms secured by ?. ,
<br /> l6is Mortp,age,to be Immediatdy dne and paya�rle without further demand and may foredose by jud(cisl proceeding. Lender ; �
<br /> s6rD bc entlGed to collect ia soch proceedi� alt expenees of foreclosure, including, but not Itmited to, costs of documentary �;'�� ;
<br /> , I evideuce, abetracts and dtle rcpods. '.` :.,�
<br /> ° 19. Eorrovds Ri`Lt to Reiodata Notwithstanding LendePs acceleration of the sums secured by this Mortgage. • " ,� .; `
<br /> 1 Bocrower sl�all have the ri t to have an roceedin s be
<br /> � gh y p g gun by Lender to enforce this Mortgage discontinued at any time
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