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<br /> � Lender's written agmment or applicable taw. Borrower ahall pay the amount of all mortgage insurance premiuma in the
<br /> manner provided under paragraph 2 hereof.
<br /> Any amounu disbucsed by L;ender puisuant to thia paragraph J, with interest thtreon, shall become additional :
<br /> indebtedness of Borrower secured by this Mortgaga Unless Borrower and Lender agrce to other terms of payment, such �
<br /> amounts shall be payable upon notica from Lender to Borrower requesting payment thercof, aad shall bear interest from the '
<br /> date of disburaement at the rate payable from lime to time on outstanding principal under the Note unless payment of
<br /> intercst at:auch rate would be contrary to_applicable law, in which event such amounts shad bear interest at the highest rate
<br /> permisaible under applicable law. Nothing contained in this paragraph 7 shail require Lender to incur any expense or takr
<br /> �Y �tioa herounder.
<br /> 8. 'TnepecHoo. Lender may make or cause to be made reasonable entries upon and inspeMions of the Property, provided
<br /> that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br /> interat i� the Property.
<br /> 9. CondemnaHon. 'The proceeds of any award or cleim 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 henby assigned
<br /> and sBall be paid to Lender.
<br /> In the event of a total taking of the Propeny, the proceeds shall be applied to the sums secured by this Mortgage.
<br /> with ffie excesa, if any, paid to Borrowec In the event of a partial taking of the Property, unless Borrower and L.ender
<br /> otherwise agree in writiag, thecc shaN be applied to the sums securcd by this Mortgage such proportion of the proceeds
<br /> as is equal to that proportion which the amount of the sums secured by this Mortgage immediatety prior to the date of
<br /> '� taking bears to the fair market value of the Property immediatety prior to the date of taking, wiffi the balance of the proceeds
<br /> paid to Borrower.
<br /> If the Property is abandoned by Borrower, or if, after notice by I.ender to Borcower that the condemnor otfers 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 /> fi mailed, Lender is authorized to collect and appty the proceeds, at Lender's option, either to restorallon or repair of the �
<br /> Property or to the sums secured by ffiis Mortgage. t
<br /> Unless Lender and Borrower otherwise agree in wriNng, any such application of proceeds to principal shall not extend
<br /> or postpo�e the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change thc amount of
<br /> such installments.
<br /> 10. Borrower Not Rdeased. Extension of the time for payment or modification of amoriization of the sums secured
<br /> by this Mortgage graated by Lender 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 refuse to extend time for payment or otherwise modify amortization of the sums ; '"-;
<br /> secured bylhis Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. ' ^: `
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<br /> , il. Forbearance by Lender Not a R'aivee Any forbearance by Lender in exercising any right or remedy henunder, or `
<br /> atherwise afforded by applicabk law, shall not be a waiver of or predude the exercise of any such right or remedy. t "
<br /> The procurement of insurance or the paymmt of taxes or other liens or charges by Lender shall not be a waiver of Lender's � :i
<br /> right to accelerare the maturity of the indebtedness secured by this Mortgage. ,t, .;:
<br /> IZ Remediea Comalative. All remedies provided in this Mortgage are distinct and cumutative to any other right or " � E'
<br /> remedy under this Mongage or afforded by Iaw or equity, and may be exercised concurrentty, independmtly or successively. .�'
<br /> 13. Sacceasoes and Aseigns Buund; Joint and Several i,ia67ity; Csptlons. The covenants and agrcements herein
<br /> contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borroweq } ?
<br /> subject to the provisions 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 de8ne the provisions hereof. � , ���:
<br /> 14. Notica Except for any notice roquired under applicable law to be given in another manner, (a) any notice to
<br /> f Borrower provided for in this MoRgage shall be given by mailing such notice by certified mail addressed to Sorrower at
<br /> ffie Property Address or at such other address as Horrower may designare by notice to Lender as provided herein, and
<br /> (b) any notice to L.ender shall be given by certified mail, retum receipt requested, to Lender's address stated herein or to
<br /> such other addre.ss as Lender may designate by notice to Borrower as provided hercin. 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. 4.
<br /> 15. Uatform Modgage; Governing Law; Severab0tty. This form of mortgage combines uniform covenants for national
<br /> use and non-uniform covenants with Iimited 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 /> evrnt that any provision or dause of this Mortgage or the Note conflicts with applicable law, such conHict 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 Nore am declared to be severable.
<br /> 16. Borrowe�'s Copy., Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> of execution or afrer recordation hereof.
<br /> 17. Transfer of the Property; qssumption. If all or any part of the Property or an interest therein 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 oreation of a pumhase money security interest for household appliances, (c) a transfer by deviae,
<br /> descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intemst of thrce years or less
<br /> iwt containing an option to purchese, Lender may, at Lender's option, declarc alI the sums secured by this Mortgage to be
<br /> immedistely due and payable. Lender shall have waived such option to acceterate 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 person
<br /> is satisfactory to Lender aad that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> shaU request. If Leader has waived the option to accelerate provided in this paragraph 17, and if Bortower's successor in
<br /> intereat has execuud a written assumption agreement accepted in writing by Lender, L.ender shall release Borrower from all
<br /> obligations uoder this Morigages and the Note.
<br /> If Lender exercises such option to accelerate, L.ender shall mail Borrower notice of acceleration in accordance with
<br /> paragraph 14 hereof. Such notice shalI provide a period of not less than 30 days from the date the notice is ma�ed within
<br /> which Borrower may pay the sums declarcd due. If Boaower fails ro pay such sums prior to the expiration of such period,
<br /> Lender may, without further aotice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br /> Norr-Uxtlroxn�t Cov$tvwrns_ gorrow•�� $nd koder funher covenant and agm as follows:
<br /> � 18. Acceler�iop;.Remedles. $cept as provWed tn paeagraph 17 hereo[, upon Borrower's broch of any cmenant or
<br /> � , ag�eeoxet of Borro�►er tn thb Mortgage, inclndiug t6e covcnsnts W pay when doe any aums secured by thia Morlgage,
<br /> Lerider p+1ur fo acceleiafion sLall mail iwtice to Borrower as provided In paragraph 14 6ereof specifyL�g: (1) t6e 6�each;
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<br /> � � �o n9� � ��e sach breacL; (3) a date, uot !dc than 30 days from t6e date the noNce b mailed to Borrower, ""-" �
<br /> `.b? �►Lic4 see6' brexh mast be crmed; aod (4) t6at Fallure to curc snch brcacb on or 6etore the date speci8ed in the noKce � `� � .
<br /> � m�';resolt in'acceleeatlon of the sums secured by thle Morlgagq foreclosure 6y jndictal proceeding and sak of t6e Property. � ' ,` �
<br /> � 1Le_notice shall fioM6er1nform 8orrower ot t6e � " '=` ;
<br /> ri�Mf to rotnshte after acceleratlon and t6e rlght to aesert in the foreclosaro '
<br /> "' ° .E��l � �n=ea�leoca ot^a'deta�t `or aoy:otl�er de[ease of Bo'rower to acceleratloo and [orecJosure. It t6e bceach x �=+ � �
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<br /> x :: ,i� nOt'cn�ed on or batote t6e dNe-sped6ed In t6e nodce, [.ender at Lender'a option msy dcelare aD o[ tbe sums xcnrcd by � ,4;., _ r , ' <
<br /> ffiYi�lfbrl�eifo be immedirtdy doe and piyi6le wlthout tnrlher demaad aod may forcclaee by jodiclal proceediug. Lender ', , � :. ��
<br /> w.r� .� ' ' sLaD'be � 4o colket ts facb Proceedini atl expensee ofToreclosnre, inclndiot. but nat llmked t0. coeb of documcntary ,� . , Yn;��
<br /> e�ce, abNiaefs,a�;tkkrepo�tr. , �. ,,,,�.,., , ,
<br /> ` "` 19. . Eoeiuwai�a Ri`6! !o ReloW� Notwithatanding I.ender's acceleratioa of the sums secured by this Mortgage,
<br /> ' , " Horrower sl�ell have'!6e n5ght to have a�ay pxnceedings begun by Le�er to enforce this Mortgage discontinued at any time
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