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<br /> Lender's written agrcement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> ; manner provided under paragraph 2 hereof.
<br /> Any amouots disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br /> indebtednus of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such �
<br /> ' j amounts shall be payable upon notice from Lender ro Borrower requesting payment thereof, and shall bear interest from the
<br /> z date of disburscment at the rate payable from time to time on outstanding principal under the Note unless payment of
<br /> r ? in[erest at such rate would be contrary to appticable law, in which event such amounts shall bear interest at the highest rate
<br /> permiasible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br /> � any action hereunder.
<br /> , � 8. Inspec8on. Lender may make or cause to be made reasonabie entries upon and inspections of the Properry, provided
<br /> ; that Lender shali give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br /> � interest in the Property.
<br /> ? 9. CondemnaHon. The proceeds of any award 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 Iieu of condemnation, are hereby assigned
<br /> and shall be paid to Lender.
<br /> Tn the event of a total taking of the Propercy, the proceeds shall be applied to �he sums secured by this Mortgage.
<br /> ; with the ezcess, if any, paid to Borcower. In the event of a partiai taking of the Property. unless Borrower and Lender
<br /> i otherwise agree in writing, there shall be applied to the sums secured by this Morigage such proportion of the proceeds
<br /> ' ' as is equal to that proportion which the amount oF the sums secured by this Mortgage immediately prior to the date of
<br /> j 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 Borrowen
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor ofrcrs to make
<br /> an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such noticc is
<br /> mailed. I.ender is suthoriud to coltect and apply the proceeds, at Lende�'s option, either to restoration or repair of the
<br /> ; Property or to the sums secured by this Mortgage.
<br /> ' Unlas Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br /> � or postpone the due date of the monthly installments referred to i� paragraphs 1 and 2 hereof or change the amount of
<br /> such installments.
<br /> 10. Borrower Not Releaud. Extension of the time for payment or modificntion of emortization of the sums secured
<br /> ! by this Mongage granted by Lender to any successor in interest of Borrower shall no� operate to release, in any manner,
<br /> ; the Iiabiliry of the original Borrower nnd Borrower's successors in interest. Lender shall not be required to commrnce
<br /> ; proceedings against such successor or refuse to extend time for payment or otherwisc modify amortization of the sums
<br /> ': suured by this Mortgage by rcason of any demand made by the original Borrower and Borrower's successors in interest.
<br /> ] 1 . Forbesrance by Lender Not a R'alver. Any forbearance by l.ender in exercising any right or nmedy hereundeG or
<br /> , � otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br /> � The procurement of insnrance or the payment of taxes or other liens or charges by Lender shall not be a waiver of LendePs
<br /> ( right to accderate the maturity of thc indebtedness secured by this Mortgnge.
<br /> i 12. Remedies CumulaHve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br /> 3 remedy under this Mortgage or afforded by Iaw or equity. and may lx exercised concurrentty, independendy or successively.
<br /> � 13. Saccessors and Assigns Bound; Joint and Several i.iabilify; Captlons. The covenants and agreements herein
<br /> � contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br /> subject to the provisions of paragraph 17 hereof_ Alt covenants and agreements of Borrower shali be joint und several.
<br /> ? The capcions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br /> � interprct or define the provisions hereof.
<br /> � 14. Notice. Except for any notice required under applicable [aw to be given in another manner, (a) any notice to
<br /> ' Borcower provided for in this Mortgage shall be given by mailing such notice by certified mait addressed to Borrower at
<br /> i the Properry Address or at such other address as Borrowcr may designate by notice to Lender as provided herein, and
<br /> ## (b) any notice to Lender shall be given by cenified mail, retum receipt requested. to Lender's addras stated herein or to
<br /> � 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 Mortgsge; Goveming Lsw: Severabitlty. This form of mortgage combines vniform covenants for national
<br /> use and non-uniform covenants with limited variations by jurisdiction to constitu[e a uniform security instrument covering
<br /> ' t real property. 'it�is Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br /> � evrnt that any provision or dause of this Mortgage or the Note conflicts with applicable law, such conflict shall not atfect
<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. BorrowePs Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> ' of execution or after reeordation hereof.
<br /> ` j 17. Trnmfer o[ th� Property; Assumptlon. If all or any part of the Property or an interest 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 ereation of a purchase money security interest for household appliances, (c) a transfer by deviu,
<br /> descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of thm years or Iess
<br /> � ' not containing nn option to purchase. Lender may, at Lender's option, declare al! ihe sums secured by this Mortgage to be
<br /> i immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender
<br /> - and the persoa to whom t6e Property is to be sold or transferred reach agreement in writing thnt the credit of such person
<br /> � is eatisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as I.ender
<br /> t shall request. If Lender has waived the option ro 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. L.ender shall release Borrower from all
<br /> obligations under this Mortgage and the Nota
<br /> jIf Lender exercises such option to accelerate, Lender shall mail Borrower notice of accderation 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 ma�7ed within
<br /> 4 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 noticc or demand on Borrower, invokc any remedies permitted by paragraph 1 R hereof.
<br /> � Norr-UHtroxM CovaxwMs. Bonower and Lcnder further covenant and agree as follows :
<br /> '# 16. Accderation; Remedies. Ezcept as provided in paragraph 17 hercof, upon Borrowe�s 6resch of any coven�nt or
<br /> { agreemeot ot Borrower in thls Mortgage, Includlog the covenants to psy when due any sums secured 6y this MorEgage, �
<br /> i I.eoder prior to accekratton shall maa notice to Borrower as provided in paragnph 24 hercof specifying: (1) the breach;
<br /> � (2) the acNon nqnlred to cure auch bteach; (3) a dalq not less than 30 dsys from the date the noHce is mailed to Bomower, �:-� � �
<br /> by which such breach maet 6e caced; and (4) that tailure to cuze sud� breach on or before the date speciRed in the notice ' �
<br /> ; S may reault In acceleraUon oE the an�ns securcd by tLis Mor/gaRe, forectosure by judlcial procecding and sale of tLe Property. "� ' !
<br /> f The nottce shall fortAer mform Borrower of the rtght to reinstate after accderation and the ri�ht to assert in the forectosurc J � �
<br /> t proceeding the non-eiciatence of a default or yny other Aefense of Bonower to accekration and foreclosurc. if thc breac6 %;
<br /> j is'not rnred on or betore the date apecified ln the nodce, Lender at LendePs oplion may declare sll of the sums secur�d by ?D
<br /> `I � . tbb Mortgage to be imtnediately dae and payable wlthout furlhee demand and may fomlose by jud(cial proceedi�. Lender '��` ��;
<br /> "� ' ehtll6a entltled to collect in soc6 proceeding all experoea of forcclosnre, indudtng, bot not timited to, costs of docummtary �.�;-
<br /> � evldmce, abstracts aod tiUe repo�is. %n -
<br /> ,1 19. Borrowei'e Riaht to Rdmtate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br /> ° f Borrower shalt have t6e right to have any proceedings begun by L.ender to enforce this Mortgage discontinued at any time
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