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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of ail mortgage 'insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Atry amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shat[ become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts ahall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from 4he
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unlvsss payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interes4 at the highest rate
<br />permissible under applicable taw, Nothing contained in this paragraph ~ shalt require Lender to incur any expense or take
<br />any action hereunder
<br />S. Inspection. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />that Lendershall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnatbn. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />sondemnation or ether 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, i# any, paid to Borrower. in [he 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 st[ch proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior io the date of
<br />taking bears to the fair market value of the Property immediately prior in the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Praperty 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 optian. either to restoration or repair of the
<br />Property or to the runts secured 67 this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to prncipzl shalt not extend
<br />or postpone the due dais of fhe monthly installments referred to in paragraphs I and Z hereof or change the amount of
<br />such installments.
<br />10, Borrower Not Released. Extension of the time far 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. i,ender 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 Borrower's successors in interest.
<br />11. Forhearantt by bender !`let a "river. Any forbearance by i,ender in exercising env right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall net he a waiver of or preclude [he exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens ar charges by Lender shall not be a waiver of i_ender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Retnedies Cnmofatre. 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 equiry.:md may be exercised concurrently, independently nr s[eccessively.
<br />13a Successors and Assigns Bound; Joint and Several 1.iabilIty; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt 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 Mortgage are for convenience only and are not to be used In
<br />interpret or define the provisions hereof.
<br />14. Notice. Except For any notice required under applicable law [o be given in another manner, ia} any notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Praperty Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice [o Lender shall be given b}' certified mail, return receipt requested, to i..ender's address stated herein or to
<br />such other address as Lender may designate by notice to Borower as provided herein. Any notice provided for in this
<br />Mortgage shal6 be deemed to have been given to Harrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severability. Thfs form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants wiW limited variations 6y jurisdiction to constitute a unifomt security instrument coveting
<br />real property. This Mortgage shall be gov,:rned by the law of the jurisdiction in which the Property is located. do the
<br />evens [hat any provision or clause of this Mortgage or the Nnte conflicts wiffi applicable law, such coo(Sict shah not affect
<br />other provisions of this Mortgage or [he Nate which can be given otter[ without the conflicting provision. and to this
<br />end the provisions of the Mortgage and the Note are declared to he severable.
<br />25. Borrower`s Copy. Borrower shalt be furnished a conformed copy of the Note and of this Mortgage at the Time
<br />of execution or after recordation hereof.
<br />17. Transfer of fhe Property; Assumption. 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 ta} the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, tc) a transfer by devise.
<br />descent or by operation of law upon the death of a joint tenant or id) the grant of any leasehold interest of three years or less
<br />not containing. an option to parehase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable_ Lender shalt have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom the Properey is ro be sold or transferred reach agreement in writing chat the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage steal[ be at such rate as Lender
<br />shall request. tf Lender 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 eelease Borrower from all
<br />ahligatioas under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mat] Borrower notice of acceleration in accordance with
<br />patagmph 14 hereof. Such notice shall provide a period of not Less than 30 days from the date the notice is mailed within
<br />which Borrawer may pay the sums declared due. ]f Boaower fails to pay such sums prior to the expiration of such pericxl,
<br />Lender may, without futYber notice ar demand on Borrower, invoke any remedies permitted by paragraph 1 B hereof.
<br />Nazi-UNiFOavt Covaxentrs. Borrower and Lender further covenant and agree as follows:
<br />1& Acceieratii+n; Rercettles. Iscepi as pre.-ided In paragrap>: t? hereo*, upon Borrower's breach of any covenant ar
<br />i~reement of Harrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage,
<br />Leader prier is arcelerafina shag mad notice to forrower t+s provided in paragraph I3 hereof. specifying: tl) the breach;
<br />f2f action mluireai to care such breach; (31 a date, not Less than 36 days from the date the notice is mailed to Borrower,
<br />by which sveh breach mtasl he cured; aad t4) that foliate to cure such breach an ar before the date specified its the notice
<br />may remit in aceeleratioo of fhe sutra secured b9~ this ~iorfgage, foreclosure by judicial proceeding and sate of the Praperty.
<br />the notice shag fwlher haform Harrower of the right to reinstate after acttiesatiun and the right to assert in the foreclosure
<br />proceeding the sron-existence of a default or any athoc deftase of Borrawer to aeseieratlon and farcclnsaie. ff thr„ breach
<br />is not cured as or before the date specified is the notice, i.cnder at Lenders optian may declass alt of the cams secured by
<br />ti+in l4iacikage to be immediately. due and payable withant farther demand and may forecfxese by jtxlicial praceedettg. Lender
<br />s1w1Y• he eatiikd to caBea-Y. rn sack pmeeedIag a[4 expenses of foreslo+:are, inelading, but nai limped to. casts of da>»cnmentarS~
<br />evnienee, saLhsttrmcts and title reports.
<br />i9~. Hortower"a Right t<r Relostate. Notwithstanding 1-ender'n acceleration zf ?hs surrrs sscured by th s Mortgaf;a,
<br />Bazrower $}taii )eavx: fine right tc+ have any pr<k:esdings tn;gua by L.errdcr ta'r entc>ree this Martgags 4>iscantinur,~! at any time
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