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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 therea,, shall become 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 disbutsemene at ehe rata payable from time to time an outstanding principal under the Note unless payment of
<br />in@erest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. N~tthing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />8. iospectiotr. Lender may make or cause to be 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 the Property.
<br />4: Condemnation. The proceeds of any award or claim for damages, direct or conseavential, in connection with any
<br />condemnation or other taking of the Property, or pare therrnf, or for conveyance in lieu of rnndemnation, are hereby assigned
<br />and shag 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 tlhe excess, if any, paid to Borrower. In the event of a partial taking of the Properrv, unless Borrower and Lender
<br />otherwise agree in writ;ng, there shall be applied m 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
<br />taking bears to the fair market value of tfie 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 Bortower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender wii!*~n 30 days after the date such notice is
<br />matted, Lender is authorized to collect and apply the proceeds, ai Lenders option, either [o restoration or repair of the
<br />Property or to the. sums secured by this Mortgage.
<br />Unless [.ender 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 in paragraphs t and Z hereof or change the amount of
<br />such installments.
<br />10. Borrower Pkrt Reteased. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender [o any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liability at 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 thi; Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />tL For2tearaacr 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 ar preclude the exercise of any such right er remedy.
<br /><F'he procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />r;.ght to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and Severe[ Liability; Captions. The covenants and agreements hereon
<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 />17te captions and headings of the paragraphs of this Martgage are for convenience only and are net to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice reyuired under applicable law to be given in another manner, (a} any notice to
<br />Borrower provided for in this Mortgage shall be given ny mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by natice to Lender as provided herein, and
<br />(b) any notice to Lender shalt be given by certified mail, return receipt requested, to [.,ender's address stated herein or to
<br />such ether address as Lender may designate by notice to Barmwer as provided herein. .4ny notice provided for in [his
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15< Uniform lHortgage; Governing Law; SeverabBity. 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 instrument covering
<br />teal property. 't'his Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />even¢ that any provision or clause of ibis Mortgage ar the Note conflicts with applicable law, such conflict shall not affect
<br />other previsions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Martgage and ehe Note are declared to be severablz.
<br />16. Eorrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />19. Trausfer of the Property; Assumption, if ail or any part of the Property ar an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encambrahce 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 or (di the grans of any leasehold interest of three years or less
<br />not containing an option eo purehase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Louder shall have waived such option ro acceterate iti, 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 Leader has waived the option to 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, Lender shall release Borrower ;tom all
<br />obligations under this Mortgage and 4he Note.
<br />If Lender exercises such option to accelerate, Lender shalt mail Borrower notice of acceleration in accordance with
<br />paragraph i4 hereof. S1tch notice shall provide a period of not less than 30 days fratn the date the notice is mailed within
<br />which. Borrower may pay the sums declared due. If Borrower faits to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph IS hereof.
<br />Nott-~t3IFORM Covsrtet+rs. Borrower and bender further revenant and agree as follows:
<br />1& Accekratbn; Remedies. Fatcept as provided in paragraph i i hereof, upon Borrowers Sreaeit ux` any covenant or
<br />a[treemeat of Borrower in this Mortgage, including the covenants to pay when due any sums secueed by this 1Tortgage,
<br />Leutiiu prior to ~cekration shelf! tttai4 notice to $nrrowee as provided in paragraph l4 hereof specifying: (1) the breach;
<br />(2)the actloa,rrgdrett to ears such breach; f3) a date, not Tess Yhan 30 days from the date the rtotice is mailed to Borrower,
<br />Dy xittchtnrch bleach must be cured;. and d4) that failure to cure sash breach on or before the date specified in the notice
<br />ntay rermntt la accekration of the sums assured by this Martgage, foreclosure by judicial pracecdittg and sale of the Property.
<br />'The aotise sttaU further lofoem Borrower of the r~ht to reinstate after acceleration and rite right io assert 6n the foreclosure
<br />prnceed3nR the uon-eaLNtnce of a default or any otter defense of Borrower to acceleration and forecl~uee» If rite breath
<br />ia.. a~ cateiT on or before the. date specified in the [toiice, !.ender at Lender's option may drelaae aU of the sums secured by
<br />tftis-iMoecgat{c to be immeediatdy Bur and. payable without further demand and may foreclose by judisisl proceeding. Lander
<br />ta4a1! rte rh#itkd fo coikcd in stx-h proceeding att. expetuces of foreclosure, inrludloK, but nut i[mllnl to, casts of docurnrntary
<br />rvidet-ct, aber5ractr. aad title reports.
<br />1;54 Borrower's Right. ut Relimate. Notwithstanding Lender's acceleration of rite .sums secured ray this Martgage,
<br />Botrowrr strati have the right h: bane nay pet:ctedings tx'gvn by Lr•ndrr te, en force this tiorgage ~iisconfintecd n? anY trine
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