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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on otttstanding•principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pertnissibie under applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to 6e made reasonable entries upon and inspections 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 />interest in [he Property.
<br />9. Condemnation, The proceeds of any award or claim far 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 />and shall 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. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shalt 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 6y 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, after notice by Lender to Borrower that the condemnor offers 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, Lender is authorized to collect and apply the proceeds, at Lender's oprion, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender u d 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 ro in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />t0. Borrower Not Released. Extension 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 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 by this Mortgage by reason of any demand made by the original Borrower and Harrowers successors in interest.
<br />11. Forbearance by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shalt not be a waiver of or preclude 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 Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cnmulahve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law ar equity, and may he exercised concurrent)}•, independently or successively.
<br />13. Snecessors and Assigns Bound; Joint and Several Liability; Captions. 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. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Diortgage are for convenience only and are not to be used to
<br />interpret or define 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 6y mailing such notice 6y 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 Lender shall be given 6y certified mail, realm receipt requested, to Lenders address stated herein or to
<br />such ocher address as Lender may designate by notice to Borrawec 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 />I5. Uniform Mortgage; Governing Law; SeverabBity. This farm 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 Nate conflicts with applicable law, such conflict 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 Note are declared to be severable.
<br />Ili. Borrower's Copy. Borrower shall be furnished a conformed copy of the Nate and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the 1Property; AssumpGoa. 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 encumbrahce subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant ar id! the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's apdon, declare all the sums secured by this Mortgage to be
<br />imtrtediately due and payable. Lender shall have waived such option to 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 person
<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 request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers 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 Leader exercises such option io accelerate, Lender shall mail Borrower notice of acceleration 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 mailed within
<br />which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of sueh period,
<br />Lcndu tray, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Noel-UNIFORAi CovfirtnN7s, Borrower amt Lender further covenant and agree as follows:
<br />I8, Acederatioa; Remedies. Fsmpt as provided is paragraph 17 hereof, upon Borrower's breach of any coveaaot or
<br />agteetueat of Borrower in thic Mortgagq including the covenants to pay when due any some secured 6y this Mortgage,
<br />Louder prior to aecelentioa shag mail notice to Benower as provided in Paragraph l4 hereof specifying: fl) rho bnacb;
<br />t2) the aetlau requred ba cute such breach; (3) a data not leas than 30 days from the date the notice is mailed to Borrower,
<br />br whfrh aeh breach mtr~ he Gated; and !41 that faBnn to true such breach on or befon the date specified in the notice
<br />croup L ~ of the sans second by this lliortgrgle, forecbsun by Jadicial proceeding and sale of the Property.
<br />The ttatlce sited trether iaiotm Barrawu of the right to reinstate after acceleration and the right /o assert In the foreclosure
<br />prreceetfitE iM tsontttWeaee of a deftmN or say othu defense of Borrower to acceeration and fonectosure. t[ the breach
<br />Y ^aR eared oa or bdan tLa date specified iu the aotk0. I.eoder at Lender's option may declare all of the sums second by
<br />ddi fa M ttdy doe sad payable withont further demand sad may forecMse by judkial proceeding. [.ender
<br />slmi M sutltietf to caNact bt such proceeding ad espetues of foreclosure, iacluNrrg, but sot Bmked to, costs of dacuateatary
<br />eviiaecs, tad ~le npttitr.
<br />I!. lutruerat's Ri~tt to lte~tate. Notwithstanding Lenders aceeleration of the sums secured by this Mortgag+:,
<br />13otmater stu[t bate the cititt to have anY ptnce~iags begun by` Lender to enforce this Mortg:tQe discontimted at any time
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