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<br /> Lender's written agrecment or applieable law. $orrower shall Pay tho amount of a11 morYgage insurance peem�mms in the
<br /> manner ptovided under paragcaph 2 heceof.
<br /> .Any arrtounts disbursed by Lender pursuant to this paragraph 7, with interest thercon, shaJl frecome additional
<br /> inJebttdness of Barrower seouced by th'ts Mortgage. LFnless Borrower and I.ender agree to pther terms af paymcot, sueh
<br /> amounCs shatl be paya6le vpon notice from Lender to Borrower requesting payment thareof, and sh'all bear intCrest from the
<br /> ' date of disbursement at the rate payable from time to time on outstanding principal under the Nate unless paymenc oB �
<br /> interest at such rare would be cantrary to applicable law, in which event such amounu shall bear in'terest af rhe highast rate �
<br /> � permissible under appliaable law. Nothing contained in this paragraph 7 sha11 requirc tender Yo ineur any .expqnse ar take �
<br /> any action hereunder.
<br /> t $? inspecdon. Le.nder may make or cause to be made reasonabin entries upae and inspeecions of the Fropert-y, provided
<br /> � thut Lender shal! give $orcower notice priar to any suth inspectio.n speciEying reasonable cause fherefor relared to Lender"s
<br /> , � inrerest in the Property.
<br /> 9: CoodemnpNon, Thq proceeds of any awacd or claim for damages, direct or consequ,ential, in connectian with any
<br /> condemnation or oYhcr taking of 1he Property, or paet thereof, or for eonveyance in lieu oF condemnation, are hereby as.aigned
<br /> and shall bc paid to Lender.
<br /> in the event of a tatal taking rif the Praperiy, rhe pracoeds sha11 t+e applied to the sums sesured hy this Mortgagt.
<br /> with the escess, if any, paid to $�rrawcr. In thc event of a partiai taking cyf the PropCrty, unless Borrowrr and Lender
<br /> aCherwise aRree in writing, chat+e sha11 be applied to Che sums secu-red by this Mortgage such p,roportion of the proceeds
<br /> : as is equal to ihat proportion which the amount of the s4�ms se¢w.red by (F��s Mortgage immediately prior ro the date of
<br /> taking bears ta the fair marke't value of thc Property immediatety prior tn the daic af taking, with ths balance of Che proceeds
<br /> paid to Bocrower.
<br /> If the Prapecty is aba-ndonad by Borrawec, or i[, �fter neticc by I.endec ro Borrower thaC the condemnor affers to makq
<br /> an award or settle a elaim for damagex, Eorrowar faE1s Yo aespond to Lr-nder within 3d days aFter thc date such notice is
<br /> rnailed, Lender is authoriud to collect and apply the proceeds, at Lender's o.ption, einc�r to restqration or repait of the
<br /> Property or to fhe sums s¢cured by this Mortgage.
<br /> Llnlus T�ender and Bor�aw�r otheswise agree in writing, any sueh application of proeteds to principal shall npt extend
<br /> ar postpone t:he due dafe of the manthly installments referred to in paragraphs 1 and 2 hemof �r change the amaunt oP
<br /> such instatlments.
<br /> lU. Bocrower Not Released. Extension of the time for paymtnt or mndifisation of amorrizat(on of the sums secuced
<br /> by thls Mortgage granted by Lender to any succassor in interest of Borrower shall ncst operate to release, in any mannar,
<br /> the tiabiiiry af Ehe original Borrower and Barrow�er's smecussors in interest. [.en. det shali not be required to commence
<br /> proceedings against such sucsessor or refqse 2p extcnd time f�r payment c�e otherwise modify amortizat�on af the sums
<br /> secured by this Mortgage by rcasan of any demand made Gy the original Borrower and Burro+uer's succossc+rs in inYerest
<br /> lt,. Forbearance by Lender Nat a Wsiver. Any forbearance by T.c.nder in exemising any right or rrmedy 6emunder, or
<br /> oYhorwise afforded bg a.pplieable law, shall r�or be a waiver of or preclude the exereise of any such right or remedy.
<br /> The procuremont of insucanee or the payment nf taxes �r a[her Fiens or charges by Lendec shalt not be a waiver nf Lenders
<br /> righC to accelerate the maturity of Rhe indebtednecs secured by this INort�aga
<br /> 12. R¢medies Cumu.lat[va Atl remadies provided in this M�rtg�g;e are distinct and cumulative ta any oihett .right or
<br /> rtmedy i�nder this IvCortg�ge or afforded by law c�r equity, and may he ez�ercised concurrently. 'rndependeotly or sucsessivel.y.
<br /> 13. Spccessoes and A„ssigns Bound; Joine qnd Sevenl I.iebilly; Captioos. The ¢ovcnants and agreements hercin
<br /> contained shalt bind, and th� rights hereunder shatl inwre ta, the respectivc successors and assigns of Lender and Borrower,
<br /> subject to the provisions af paragraph 17 hCreof. Ali cuvenanCs a.nd agreements af Sorrower shall be joinr and several,
<br /> The eap.tions artd headings of Ehe paragra�phs of this M�rtgage are fnr ennven,ieece anly end �-re not to be wsed to
<br /> �nterpret or defint the pcovisionc hereof.
<br /> � 14. Notice. Exce e for an notice re uired under a licable law to be
<br /> " P Y 9 pP 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 Horrower ma desi nate b notice to Lender as '
<br /> � Y S Y provided herein, and
<br /> ' (b) any notice to Lender shatl be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br /> ?- such o[her 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 Lender when given in the manner designated herein.
<br /> i; I5. Uniform Mortgage; Governing Law; Severability. This form of mortgage combines uniform covenants for nationa!
<br /> j;: use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br /> rql 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 applicable Iaw, such conflict shall not affeM -
<br /> other provisions of this Mortgage or the Note which can be given effect withou[ the conflicting provision, and to this
<br /> end the provisions of the Mortgage and the Notc 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 /> �I of execution or after recordation hereof.
<br /> t� 17. Tronsfer of the Property; Assumpfion. If all or any part of the Property or an intercst thercin is sold or transferred
<br /> by Borrower without L.ender's prior written consent, exduding (a) the c�eation of a lien or encumbrance subordinate to
<br /> this Mortgage. (b) the crcation of a purchase moncy security interest for household appliances, (c) a transfer by devise,
<br /> descent or hy operation of law upon the death of a joint tenant or (d) the grant oF any leaxhold intercst of thrce years or less
<br /> ; not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br /> '' immediatdy due and payable. Lender shall have waived such option [o accelerate if, prior to the sale or transfer, Lender
<br /> !' and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such pe:son
<br /> - is satisfaMory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> ;i shall request If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br /> ;; interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br /> ' {� obligations under this Mortgage and the Note.
<br /> �� If Lmder exercises such option to accNerate, Lender shall mail Borrower notice of accderation in accordance with
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<br /> :,, paragraph 14 hereof. Such notice shall provide a period of not tess than 30 days from the date the notice is maled within
<br /> i� which Borrower may pay the sums declarod due. If Borrower fails ro pay such snms prior to the ezpiration of such period.
<br /> ; Lender may, without further notice or demand on Bormwer, invoke any remedies permitted by paragraph 18 hereof.
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<br /> Nox-UxironM Covex�rrrs. Borrower and Lender funher covenant aod agree as follows:
<br /> ��;;.'. � 18. Accderation; Remediea. Pacept yis provided In paraqraph 17 hercof, upon Borrower's 6rwch of sny covenaot or �
<br /> ,�i agseement of Borrower in this Mortgage, includiug the covenants to pay when due anv sums secured by this Morlgage.
<br /> ';�� � 7.eader prlor to acttkraBon aball mail notice to Borrower as provfded in para�raph 14 hercof specifying: (1) t6e breach; ` � �
<br /> ' ; (2) the action requlred to cnre such 6rcach; (3) a datq not lea4 than 30 days from the date fhe noBcc !s ma7ed to Borrower,
<br /> by which soch breach mmt be cured; and (4) that failurc to cure sucb breach on or 6efore tLe date speclfied In the nodce - - *�`�
<br /> � may rdult in accdendon of Nu an� secured by this Mortgage, forectosure by judlciat proceeding and sWe ot the Property. +r
<br /> ; 7'he nottce sha11 further inform Borrower of [he right to rciostate aker accelerotion and t6e right to asseR ro the foreclosare ? `
<br /> ; proceedini� the non-exletence ot a defaull or any other defense ot Borrower to accelention and forcclosure. if t6e breach J
<br /> is not co`ed on or beforc t6e date specl8ed In �6e noHce, Lender at Lender's optioo may declare s11 of tbe snms secured 6y
<br /> thts Mortgage to be immediatdydoe and payable wlthout further demsvd and may foreclose by judicial proceedirg. I.ender r; �
<br /> shall be enHtled to collect in soch proceedlog all expemes of foreclosure, iocluding, but not Ilmked to, costs of docvmentary ° �.s-: � ';
<br /> . ; evidence, abstrrcu and tlOe rcports.
<br /> , : 19. Borro�►er'e Ri`bt to Reivsfata Notwithstanding I.ender•s acceleration of the sums secured by this Mortgage. . - � .F ' -
<br /> � ' Borrower s2�a11 have the right to have any procaedings begun by Lender to enforce this Mortgage discontinued at any time
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