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<br /> I.ender's written agrcement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> � manner ptovided under paragraph 2 hereof.
<br /> ? Any amounts d'ubursed by Lender pursuant to this paragraph 7, with interest thercon, shall become additional
<br /> � indebrodness of Borrower secured by this Mortgage. Unless Borrower and Lender agrce to other terms of payment, such
<br /> amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shali bear interest from the
<br /> date of disbursement at the rate payable from time to time on outstanding principai under the Note unless payment of
<br /> a interest at such rate would be contrary to applicable law, in which event such amounu shall bear interest at the highest rate
<br /> � permissible under applicable law. Nothing contained in ihis paragraph 7 shall require Lrnder to incur any eapense or take '
<br /> 7 any aMion hereunden
<br /> y8. inspecNon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br /> t that Lender shatl give Borrower notice prior to any such inspection speci(ying reasonable cause therefor related to Lender's
<br /> � interest in the Property.
<br /> i9. Coodemoatbn. 7'he proceeds of �ny aa•ard or claim for damages, direct or consequential, in connection with any
<br /> � � condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br /> i � and shalt be paid to Lender.
<br /> � In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br /> �� with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender
<br /> t hl oiherwise agree in writing, there shalt be applied to the sams secored by this Mortgage such proportion of the proceeds
<br /> � O as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br /> � taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br /> paid to Borrower.
<br /> � � If the Property is abandoned by Borrower, or if. afrer notice by Lender to Borrower that the condemnor oRers to make
<br /> ^ an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br /> ; � mailed, I.ender is autborized to coltect and apply the proceeds, at Lender's option, either to restoration or repair of the '
<br /> Property or to the sums secured by this Mortgage.
<br /> Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br /> ' j or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of -
<br /> � such installments.
<br /> 10. Bosrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br /> bp this Mortgage granted by L.ender to any successor in interest of Borrower shall not operate to release, in any manner.
<br /> � the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br /> proceedings against such successor or rcfuse to extend time for payment or otherwise modify amortization of the aums
<br /> ; � secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's succeuors in interest
<br /> Il. Forbearance by Lender Not a R'aivee Any forbearance by Lender in exercising any right or remedy hereunder, or
<br /> otherwire afforded by applicable law, shall not be a waiver of or prectude the exercise of any such right or remedy.
<br /> The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of LendePs
<br /> rightYo accelerate the maturity of the indebtedness secured by this Mortgage.
<br /> .. 12. ����Remedi�s CamulaHv� All remedies provided in lhis MorSgage a:c dis:inct and cumuialive to any other rignt or � � � - �.� �
<br /> remedy undar this Mor!gnge or afforded by law or equity, and may be exercise� concurrentiy, independendy or successiveiy.
<br /> 13. Suecesson and Assigns Bound; Joint aad Several LiabiGty; Captlons. The covenants and agreemenu herein s
<br /> contained shall bind, and the rights hereunder shail inure to, the respective successors and assigns of Lender and Borrower, �
<br /> subject to the prov�sions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br /> The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br /> interpret or deRne the provisions hereof. �
<br /> 14. Nodce. Except 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 Bonower at
<br /> � the Property Address or at such other address as Borrower may designate by notice to Lender as prmided herein, and
<br /> (b) any notice to Lender shall be given by cectified mail, retum receipt requested, to Lender's address stated herein or to
<br /> 3 such other 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 /> 15. Uniform Mo�tgage; Governing Law; Severability. 7liis 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 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 law, such conflict shall not af[eM
<br /> other provisions of this Mortgage or the Note which can be given eHect without the conflicting provision, and to this
<br /> ead thc provisions of the Mortgsge and the Notc are deciared to be severable.
<br /> 16. Borrowe�s Copy. Borrower shall be fumished a conformed copy of the Note a�d of this Mortgage at the time
<br /> � of execution or after recordation hereof.
<br /> 17. Tnnsfer of the Propecty; Assumption. If alt or any part of the Property or an intcrest therein is sold or transferred
<br /> by Borrower without L.ender'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 sewrity inrerest for household appliances, (c) a transfer by devise,
<br /> q descent or by operation of law upon the death of a joint tenant or (d) the grant of any Ieasehold interest of three yean or less
<br /> l not containing an option to purehase, Lender may, at Lender's option, dedare all the sums secured by this Mor[gage to be
<br /> S immediately due and .payable. Lender shall have waived such option to accelerate if, prior to the sale or traosfer, Lender
<br /> and the person to whom the Propeny is to be sold or transferred naeh agreement in writing that the credit of such person
<br /> is satisfactory to I,ender and that the interest payable on the sums seeured by this Mortgage shall be at such rate as Lender
<br /> shall request. 7f Lender 6as waived the option to accelerate provided in this paragraph 17, and if Borrower's succcssor in
<br /> interat has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br /> obligations under this Mortgage and the Nota
<br /> If Lendcr exercises such option to accelerate, i.ender shall mail Borrower notice of acceleration in accordance with
<br /> '� paragraph 14 heceof. 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 declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br /> Lender may, without further notice or demand on Borrower, invoke any remediu permitted by paragraph 18 hereof.
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<br />- Nox-UxiFosnt Cove,�rn[�rrs. Borrower anJ Lender further covenant and agree as fotlows :
<br /> It° 18. Accderatbn; Remedter.. Except as provided Io paragraph 17 hercof, upoa Borrower's 6reac6 of any covenant or S
<br /> ` � a�eement o[ Borrower in this Mortgage, includivg the covenants to pay when due any sums secured by this Mortgage. _ Y �
<br /> Lender prior to ucekration shap mail noBce to Borrower :�s provided In paeagnph 14 6ereof speclfy(�: (1) the breach; „�s
<br /> (2) thr aetlon i+eqafeed to coce ao�h brcach; (3) a date, not Iees than 30 days from the date the notice !s malled to Borrower,
<br /> by �nhFch snch bresch must 6e carcd; snd (4) that faDure ta cnre suc� brcach oa oc hefore tLe date spec£8ed tn the notice `s ``:
<br /> may tesulf 1n accelerallon ot the sums accured by this Morfgage, foreciosurc 6y judictal proceeding and sale of t6e Property. � � `i
<br /> The notice sha6 fuctAer i�dorm B�orrower of Ihe �h! ro relnstate sfter acceleration and the rlght to asurt in the foreclosnre �
<br /> proceedlnQ:Yhe non-eslstence ot a detanit or a�ry other Ae[eose oP Borrower fo accelerstion snd forcctosure. If the breach ? ^
<br /> is nat wred on or betorc the data specified in t6e notice, I,ender at Lende�s option may dectare all of the sums secured by � ., �`"�+
<br /> ,, this Morlgate bo 6e immedLtdy due'aad payable without furl6er demand snd may foredose by judlcisl proceedi�. I,ender ' ' ;
<br /> " 'y �5ell be entkled !o collec! ia socfi proceediag a!t expe�es ot foreclosure, induding, bat �sot lim6ted to, costs of documentAry - „� - �'�
<br /> e�Ideoeer a6st[�t1s and title [epocls.
<br />� s 19. Borrowe�'s RiSht to Rebrotste. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />� ; Sotrower ahall have the rSght to have any proceedings begun by Lender to enforce tFis lhortgage discontinaed at any timc
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