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<br /> Lender's written agreemeni or aPplicahle I�w. Hr�rrower shail pay the amarunt o£ a�1 mc�rigage imurancr, premi �.�ms in thc
<br /> � rn�annur pYovide�f u�nde�r paragraph 2 hereof.
<br /> 1„� Any a�maunts dish�rrsecl b}• Lende.r Ptarsuant tc* this paragrap�h 7, with 'tnterest [hereon . .shall becomc additionai
<br /> .� indehtedness txf 9orrnwer sccured !ay this Morigage. L?nless Tiorr�wcr and Lencler :ti.gree to other terms o( �ayrnent�, such
<br /> � r� amounts. shall be payah1e upan notice £rom Lender tcr Boreower requestir�g �avmeni thereo.f, and shal! bcar inte�rest Cram cha
<br /> � date �f disburcement a[ the tate pagable Frcm tifnc tu time �n oucstand'in� prinr, ipal under rhe Note unless ��ayment of
<br /> O interest at such r2ee wbul�i be cnntrary ko applicable law, i�n whi�ch nvent such arnoun4s shal'1 be:�r inYerest at the higBest raTe
<br /> Nerm.issible un.de:r applica.ble law'. N�thing contained in this �a�ra,gra{�h 7 shall reqniee L.ander co incur anv expense pr take
<br /> �� any accian hereunder.
<br /> � 8. Inspection�. Lender may make nr catcse trr be made reasonable rntries upoo and i��nspectinns �f' the Property, provicfed
<br /> �, that Lencler shall give Barrowcr n�?tice pn�ar tc. any such inspecsion specifying reason.able cause theref+�r related to Lendcr's
<br /> . i�nteresi in the Property.
<br /> 9. Condemnation. The proceeds of anp award or claim Yt?r damages. diecct or �canseyucntial, in connection wit.h ang�
<br /> eondemnalion a.r other taking of the Property, or part Chereof, or toe cc�nveyari.ce in Iieu �f ct�ndemnaf���n, are hcrehy assigned
<br /> and shali bc paid th Lender.
<br /> : In the ev�nt of a toCal taking of the Praperty.. tHe Frnci:eds shall bc ap��lied to the sums uc�rred by this M�rtgage.
<br /> . with the excess.. if any. paid t� Borrower. ln t6e event c�f a partial taking of thc Praperty, unless Ftorrower ancl. T..cnder
<br /> . other.vise ag:ree rn writing, there shalf tae applied to the sunts Meclired by Yhis lvtortgage tiiich propor[ion of thc prc>ceesls
<br /> � as is eqt�al t� th�! Prupcirtic�n wh�ich Che amount of thc sums seciired hy this Niortgage immcd'tately pric�r to the date of
<br /> _ taking hears to the fair market value nf the Pro�+erty imme�liately pri��or 1� the da.te of taking, with ihe balancc of tfie proceeds
<br /> paid to $orrower.
<br /> Tf the P'roperty is ahandoncd by B�rrower, c.r if, after notiee hy L.¢nder ro Borrower tha3 trhe coademnor aR'ers to make
<br /> an award ar settle a claim far darr7ages. Borrower tails to responci to Le�ider within 30 days after ehe dare such notice is
<br /> - mailed. Lendet is autho,riud� to col,lect and apply ihe proceeds�, at L.end�e�r"s opcion�, eiCher ro restoration or repa�ir of the
<br /> Ptoperty ar to the sums secured by this M�rfgage.
<br /> : LTnless Len.der and Barrower otherwise agree in writing. �ny sue�h a�a�siicari�n ��f proceeds to principal sha11 nrt extend .
<br /> �. ar postponc the due date af the monthly installments referrcd to in parTgraphs 1 and 2 heeeof or change the am��unt of �
<br /> such installments.
<br /> , 10. Botrower Nart Rcleased. F,xtension of Rhc time far payment or modi8cation �f amordzat�an of the sums secured �
<br /> by [his Nf�rtgagc granted trg Lender to any successor in incerec[ af Borrowcr shall nnr operote [o release_ in any manner,
<br /> Yhe liability of tihe oeigiaal $oerower and Borrowert successi�rs in inteecsL Lendcr shall n�t I�e reyuired to cnmmenec
<br /> proeeedings a�ainst sunh suecessor nr rehrse ea extend time for payment ��r othcrw•ise m�dify amc�rxizatian �f rhe surms
<br /> secured by this Mnrtgage by reas�n of any demand made by rhe uriginal Bc.rr�wer a�d Borroa�er"s su¢cess�rs in interest.
<br /> 11. Forbear�nce by Lender Not a Waiver. Any forF�aaranc,e by Lender in exereising any riAht or remedy hereunder, or �
<br /> otherwise aliarded by a,pplicable law, shal'f not be a waiver of or preclude the csrrcise nf any, .such rigrie ar remedy.
<br /> The procurement pf insurance oc the paymemt �f taxes or otfier liens or ¢harges by 1_cnder shall not !+e 3 waivcr of Lender's
<br /> i righ[ to acceterate the maturity of the indebtedness swrircd hy chis M�rtgapa.
<br /> . 12. � � Remedtes Cumulative. A(I rcmedies provided in this Mort�age aee dist 'rnct and cuertvlative tc> arn• i*th¢r right or :
<br /> � �.: remedy under this Mortgage or afforded kfy law or equity, and mav he ezerci�sed c .nncurrently, independenlly �or sucoessivel�y.. �
<br /> � 13. Sucerssors 9nd AsBi�ns Bound; Ioiqt and Several I.iabillry;. Captlons. The covenants and� �grecments here�n
<br /> contained shall l�ind, and thc rights hercunder shall ini�re to, the respective succe+sorz and assigns of Lender and Borcower,
<br /> subject to the ptovisions oF paragrapfi 17 herc�f. .All covenants an.i agreements c?t 'Harruwer sha11 be joiot and siveraL
<br /> 7'he captioos and headings of the paragre�hs of this M�rtgage are f�r convenience onlq and arc nor to be used co :
<br /> �rtterprer or defina ehe provisions hereof.
<br /> 14. NoKce. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br /> j Borrower provided for in this Mortgage shall be given by mailing such notice by certiHed 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 Lender shall be given by certified m�il, retum receipt requested. to Lender s address stated herein or to
<br /> such other addrcss as Lender may designate by notice to Barrower as provided herein. Any notice provided for in this
<br /> ' Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br /> ' 15. Uniform Mortgage; Coverning Law; Severobility. 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 ins[rument cpvering
<br /> rcaI 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 dause of this Mortgage or the Note conflic�s with appticable law, such conflict shall not affeet
<br /> ' other provisions of this Mortgage or the Note which ca� be given effect without the confliciing provision, and to thu
<br /> t end the provisions of the Morigage and the Note are declared to be severable.
<br /> 16. BorrowePs Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> of execution or af[er recordation hereof.
<br /> 17. Trsnsfer of the Property; Assumption. If all or any part of the Property or an interest [herein 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 far 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 l�ss
<br /> � not containing an option to purchaae, Lender may, at Lender's option. declare all the sums secured by this Mortgage to be
<br /> immediat�ly due and payable. Lender shall have waived such option to accelerate if, piior to the sale or transfer, Lender
<br /> ` � and the person ro whom the Property is to be sold or transferred reach agreement in writing that the credit of such penon
<br /> ' is satisfactory to L.ender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> shatl request. If Lender has waived the option to accelerate provided in this paragraph ] 7, and if Borrower's successor in
<br /> ' interest has executed a writtrn assumption agreement accepted in writing by Lender, Lender shail releasc Borrower from a21
<br /> � obligations under this Mortgage and the Note.
<br /> � If Lender exercises such option to accelerate, Lcnder shall mail Borrower notice of acceleration in accordance with
<br /> 7. 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 the sums declarod due. If Borrower fails ro 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.
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<br /> Nox-UNiFort�.t Covax�ta'rs. Borrower and Lender furthcr co�•enant and agrec as totlows:
<br /> 18. Acceleratlou; Remedies. Fscept av provlded ia paragnph 17 hereof, upon BorrowePs 6reac6 of any covenrot or
<br /> agreement ot Borrower In this Mortgage, Including the covenants to pay when due any sums secorcd by this Morfgage,
<br /> Leoder prior to acceleration shall mail noNce to Bonower as provided in parngraph 14 hereof specifying: (1) the breach:
<br /> �� � � . (Z).the aclion reqaircd to corc auch breach; (3) a date, not lea4 than 30 days from the date the nottce is mailed to Borrowec,
<br /> �� . 1 � . by w61ch such breach must be carcd; and (4) that failure to curc such breach on or before the date specified in t6e notic� '• �
<br /> tosy reault in acederatlon of t6e sums securcd by thls Mortgage, foreclosure 6y judictal proceedie�g and sale of the Property_
<br /> -� { The nodcr shaU [nrther inform Borrower of tde riqht to relnstate after accelerotlon and the riqht to assert in the foreclosure �
<br /> i proceeding the non-existence of a default or any other defeose of Borrower to acceleration and foreclosar� If the breach
<br /> � Ie not corcd on or beforc the date speciAed iathe rwtice, Lender at Lender's option may declare all of the snms secured by
<br /> � t61a Mortgage to be immedlatdy due and payable without furlher demand and may foreclose by judicial proceeding. Leoder
<br /> shall be eutkled to collect iq sach proceeding all expenses of foreclosare, inclu�ng, bot not limited to, costs of documentary
<br /> evidence, a69tracb a� 8tk reporls.
<br /> : 19. Borroweds Rlght to Reinstate. Notwithstanding LendePs acceleration of the sums secured by this MortgaRe.
<br /> Borrowe� shell have the right io have any proceedings begun by Lender to enforce this Mortgage discontinued at any iime
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