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<br />Lender's written agreement or-applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />maaaer provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional-
<br />indebtedness of Borrower secured by-this Mortgage. Unless Borrower and- Lender agree to other terms-of payment, sucfi
<br />amounissfiail be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest fromthe
<br />date of disbursement at the rate payable from time to time an outstanding principal, under'ifieNote unless-:payment-bf
<br />interest at such rate would be contrary to applicable faw, in which event. sucfi ampoule shall bear interest at the highest rate-'
<br />pttmissible under applicabtt taw. Nothing contained in this paragraph 7 snail require Lender to incur any expense or take
<br />any-action hereunder.
<br />- & Impectton: Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />that Lender shah give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the--Property.-
<br />9.--Condemnation. The proceeds of any award or claim for damages, direct ar consequential, in connection with-.any
<br />condemnation ar other caking of the Property, or part Thereof, ar 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 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 ro the date of
<br />taking bears to [he fair market value of the Property immediately priar to the date of taking, with the batance of the proceeds
<br />paid- to Harrower,
<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 far damages, Borrower fails to respond ro [.ender within 30 days after the date such notice is
<br />mailed, Lender is authorized to called and- apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Propery. or to the sums secured by this Mortgage.
<br />Unless. Lender and Borrower otherwise agree in writing, any such appiicatian of proceeds to principal shall-not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such insisllmtnts.
<br />]0. $orrower Not Released. Extension of the time for payment or modificatio» of amortization aE the sums secured
<br />by this Mortgage granted by L.endtr to any successor i»tnterest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Harrowers successors in interest. Lender shalt not he required to commence
<br />proceedings against nxh successor er refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. ,hay forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shalt not be a waiver of ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of tares or other liens or charges by Lender shall not be a waiver of Lender's
<br />right m accelerate The maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies CtitmuhHive. A(I remedies provided in this htartgage are distinct and cumulative to any other right or
<br />remtdp uader this Mortgage or a$erded fiv faw or equity, and may ht: exercised concurrently, independen@y or successivety.
<br />13. Successors and Ass3>:us Hound; Joint and Severnt Liability; Captions, 'the covenants and agreements herein
<br />contained shall hind, and the rights hereunder steal! inure ro, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisioas of paragraph i' hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of :his M1fortgage are for convenience only and are »ot to he used to
<br />imerprei or defrtte the provisions hereof,
<br />1d. 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 Mortgsge shall be given by marling wch notice by certified mail addressed to Borrower at
<br />the Froperty Address ar at such other address as Borrower ma} designate by notice to Lender as provided herein, and
<br />(I?) env notice to Cender shalt bt given by certified mail roatrn receipt requested. to Lenders address stated herein or io
<br />such other address as Lender may desi¢nate hp notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shalt be deemed to have Men given to Harrower ar Lender when given in the manner designated herein.
<br />I5, Uniform Mortgage; Governing I.aw; Stverabitih'. This form of meregage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jarisciicuon to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the taw of the jurisdiction in which the Property is located. In the
<br />event that soy provision ar clau>e of this Mortgage or the Nate conflicts with applicable law. such conflict shall not affect
<br />other provtsions of this Mortgage or the Nate which can he given effect without the conflicting provision, and to this
<br />end theprovisians of the Mortgage and the Note are declared to be severable.
<br />16. Borrower's Copy, Borrower shall be furnished a canfatmed copy of the Note and of this Mortgage at the time
<br />of txecutian or after recordation hereof.
<br />17. '1't9gsfer of the Property; Assumption. ff ail to any part of the Property ar an interest therein is sold or transferred
<br />by Borrower without Lender's priar written consent. excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest far household appliances, (~) a transfer by devise,
<br />descent ar by operation of law upon the death of a Joint tenant or (dt the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, ai Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due attd payable. I_tnder shall have waived such option to accelerate if, priar to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold ar transferred reach agreement in writing that the credit of such person
<br />is saiisfaexary to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shalt regttest_ If' Ltnderhas waived the option ro accelerate provided in this paragraph 17, and if Hortower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, tender shall release Harrower from alt
<br />obligations under this Mortgage and the Note,
<br />If bender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph td-hereof. Such notice shsli provide a period of oat less than 30 days from the date the notice is mailed within
<br />which-Borrower may pay iht sums declared dot. if Barrawer tails to pay ouch sums prior to the expiratio» of such period,
<br />Lenikr may, without further notice or demand on Bortawer, invoke any remedies permitted by paragraph 18 hereof.
<br />Nax-I(Jrttraast Cavtstt,tNTS, Borrower and Lender further covenant and agree as fotiaws.
<br />18: AeceJaralboi Ramedias Exttpt as provided in paratraph 17 hereof, upon Borrower's breach of any covenant or
<br />aftrawtaetu of Btstmwer tp rids Mortgage, irttiadittg the covenants to pay when doe am sums secured 6y thh Mortgage,
<br />Lal,dpr-#trlar_to-~ tduN mall. notice to Borrower as provided in parttsraph.l4 A+ereof spcufyingt ti) the breach:
<br />j21 the ttetlam•rrgt$red W cues such brrarht f3i a dale, not leas than 30 days from the darn the ttotke is mailed to Borrower,
<br />itY+vi$t~ aacli:hreacp tarp ha turcda aad jai that taJiure to curt such breach on ar before the date specified to fht notice
<br />rr4'r'artnN'~~.af theanrm seemed. by this Morgpgte, foreclosure by jttdictal piocecding and cats of the Property,
<br />'f&a-ratite aahtlB #rttUer. inform Barrowar of -the +iRht to teidstate after accelerrtiott and the right M assert is the tarectoanro
<br />~- a of a de6tdt. ar.ttny-other de[ettse of Botrawer to at'ecieratioo and foreclosure. If ttte broach
<br /># rN uuasl on aa` bpfaac the date speeded br the; ootice, Leader at Letrdet's option: may dechtre all of iha sutra secured by
<br />9da I4tartlpup ra ilea demand: pttyabk rvNhout farthez demand and nttt,v foreeJaae by judMiai ptnt~edl~. Louder
<br />~ Oc etstfl#att Nt eolleei ha web protwedlgtaB esperaett of #ttrecl~art, lnehrdhtg, twt tm2 Iimitad to, casts of docntnantary
<br />esddsatre. itse toot die trpart3.
<br />i§• ~t+.Rf~it Ap R~FtrMde. -°Vawitftatapditig Lender's acceeration of thr sums secured by this Mortgage,
<br />liotsorrar=sitaN lurne Litt t3gbt-to haws my procnedings begun by Ltadtr tt> enforce this Mortgage diartuxtitttttd at any ttme
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