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<br /> i Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the �
<br /> � maaner ptovided under paragraph 2 hereof_
<br /> Any amounts disburaed by Lender. punuant to thia paragraph 7, with interest the:wn, shall become additional
<br /> y indebtedness of Borrower securod by this Mortgaga Unless Borsower and Lender agree to other terms of paymrnt, such �
<br /> amounts shall be payable upon notice from Lender to Borrower rcquesting payment thercof, and shatl bear interest from the
<br /> date of dlsbursement at the rate payable from time to time on outatanding principal under the Note unless payment of �
<br /> interest at euch ratt would be contrary to applicable law, in which event such amounts ahall bear iaterest at the highest rate
<br /> � , permissible under applicable law. Nothing contained in this paragraph 7 shall require Lrnda to incur any expense or take '
<br /> any action hereunder.
<br /> S. Inspec8on. Lendet may maYe or cause to be made reasonable entdes upon and inspections of the Property, provided
<br /> thaEi.ender shall give Boaower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br /> interest inYhe Property.
<br /> 9. Condemnation. 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 lieu of condemnation, are hereby assigned -
<br /> X and shall bc paid to I.ender.
<br /> j In the event of a total taking of the Property. the proceeds shatl be applied to the sums secured by this Mortgage.
<br /> ,.; with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender
<br /> } otherwiu agree in writing, there shall be applied to the sums secured 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 immediately prior to the date of C
<br /> taking bears to the fair market value of the Property immediately priar 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. after notice by Lender to Borrower that the condemnor otiero to make I,
<br /> � an award or settle a claim for damages, Borrower fails to respond ro Lender within 30 days after the date such notice is �
<br /> � mailed, Lender is authorized to collect 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 Le�der and Borcower otherwise agree in writing, any such application of proceeds to principal shail not extend
<br /> or postpone the due date of the monthly installments referred to in paragraphs t and 2 hemof or change the amount of
<br /> { such installments.
<br /> , � 10. Borrower Not Released. Eztension of the time for payment or modification of amortization of the sums secured
<br /> by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner, �
<br /> ? the liabiliry 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 suma +
<br /> secured by this Mortgage by nason of any demand made by the original Borrower and BonowePs successors in inurest.
<br /> � 11. Forbeannce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, 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 procurcment:of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender•s ,
<br /> right to accelerate the maturity of the indebtedness xecured by this Mortgage. f `•
<br /> � 12. Remedtea Camalat[ve. All nmedia provided in this Mortgage am distinct and cumulative to any other right or 1 ,�
<br /> � remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently or successively.
<br /> 13. Succeeaon and Aseigns Bound; Joint and Several i,ia6ility; Captlons. The covenants and agreements henin
<br /> contained shall bind, and the righu hereunder shall inure to, the respective successors and assigns of Lender and Borroweq ;
<br /> subject ro the provisions of paragraph 17 hereof. Atl covenants and agreements of Borrower shall be joint and severaL
<br /> Thd captians and headings of the paragraphs of this Mortgage are for wnvenience only and are not to be used to
<br /> interpnt or de8ne the provisions hereof.
<br /> 14. Notice. 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 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 Lenderahall be given by certified mail. retum receipt requested. to Lender's address stated herein or to
<br /> such other addres� 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�tgagr, Governing Law; Severabiltty. 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 instrumrnt 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 thaCany provision or clause of this Mortgage or the Noro conflicts with applicable law, such conflict shall not affeM
<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 arc 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 /> of exceution or afrer recordadon hereof.
<br /> 1Z TraneEer oEYhe Prope�ty; Assumption. If all or any part of the Property or an interest therein is sold or transfernd
<br /> - by Borrower without L.ender's prior written consent, ezcluding (a) the creation of a lien or enwmbrance subordinate to
<br /> this MoRgage, (b) the creation of a purchase monry security interest for household appliances, (c) a transfer by devise,
<br /> S desceat or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br /> not coataining an option to purchaae, Lender may, at Lender's option, dedare all the sums secured by this Mortgage to be � `
<br /> immediately due and payable. Lender shall hnve waived such option to accelecate if, prior to the sale or tranafer, Lender
<br /> and t6e person to whom the Property is to be sold or transferred reach agrament in writing that the credit of such pmson
<br /> is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> shall requesL If Lender haa waived the option to acxlerate provided in this paragraph 17, and if Borrower's successor in
<br /> interest has executed a written aasumption agreement accepted in writing by Lender. Lender shall release Borrower from all
<br /> obligationa under this Mortgage and the Nou. ?
<br /> If Leuder exercises such option to accelerate, Lender shall mail Borrower notice of aeceleration in accordance with
<br /> � paragraph 14 hereoL Such notice shsll provide a period of not less than 30 days from the date the notice is mailed within
<br /> which Borrower may pay the sume declared due. If Borrower fails to pay such sums prior to the expiration of such period, x
<br /> I.ender may, withoui further notice or demand on Borrowe�, invoke any cemedies permitted by paragraph t8 hereof.
<br /> - � ` `Nox-UNiFonut Coverrew'rs. Borrower and Lender further covenant and agree as followa:
<br /> 18. Acceleraffon; Remedles. Fscept as provided in paragrsph 17 hereof, upon Borrowda brqc6 of any covenant or
<br /> ageeement oE Borrower ia this 'Mortgage, iacludiag t6e covenants to pay wAen doe aoy sums aecured by this Mortgage,
<br /> Lender prtor to accdeeatlon eLall ma11 noti� to Borrower as provided in paragraph 14 6ereof specffying: (1) t6e breacb; �y '
<br /> (� t6e aetbp reqolrcd to carc`auch breac6; (3) a datq not leas then 30 daya from tlx date t6e notice is msiled to Sorrower,
<br /> ' by wbieh eoc6 bteaci mmt be core� aod (4), that failarr to curc euch brcach on or beforo tbe date speclRed io the notice „ �..;-.: �,
<br /> m�y rdolt fs•mderafton of t6e so�ns secured by thts Mmlgage, forccloaurc by jnd(cid proceedl� and aale of the Properiy.
<br /> The nofke;�8 fucthee Iffiorm Borrower ot the r(�6t to-niostrte aiter accderation and the ci6ht to asxrt in t6e (orecloanro f
<br /> a. - proceedlos:tie nou-dcidence:oi a ddaolt oc a�ry;other. detense of Borrower lo accderatlon and foredosare. If the breac6 �;,
<br /> L;'mt�cuted:on=or batore the date specllled In t6e aotice, Lender at'Lemler's optton may declare all oE the suw aecured by r � ;
<br /> �tsMorls�e to 6e iiin�edLbdB dae and payable wlthoaC[nrlher dema�d aod mqy fo�sclose by jndicial ProceedinB. I.eoder ��<<, �
<br /> . . ' .. stidl, be eefl9edfo coIIect to snc6 proceedieg atl expeme� oE toreclosure, lodadln�g, but not limlted to, caeb o[ docomentary � ` _ � ;.
<br /> e�Idmce, abAeacb aod dUe reporb. *�,, w� .
<br /> : ' ' . 19: Eoerowa's`� Ri�Lt to R�t¢ '- Notwithatanding Lender's acceleration of the sums securcd by this Mortgagc. . <A � � V 3
<br /> _. Bortvsrer ahall have !Le rl�ht to have any Qcoceedings begun by L.endei to en[orce this Mortgage discontinued at any time
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