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Lender's written agreemene or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />An}~ amounYS disbursed by Lender pursuant to this paragraph ~, with interest thereon, shall become additional
<br />indebtedness of Harrower secured by this Mortgage. Unless Borrower and Lender agree to other tierms of payment, such
<br />amonnts shall be payable upon notice tram Lender to Borrower requesting payment thereof, and shall Ixar interest from the
<br />date of disbatsement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrar!/ to applicable law, in which event such amounts shalt bear interest at fhe highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require lxnder to incur any expense ar take
<br />any action hereunder.
<br />S. fttttpectian. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />[hat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemmation. The proceeds of aaV award or claim for damages, direct or consequential, in connection with any
<br />condemr~ailon or other taking of the Property, ar 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 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 thrs Mangage immediately prior to the date of
<br />taking bears to the fair market value of the Properly immediately prior to the date of 'king, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower, or if, after notice by [.ender to Harrower that the condemnor offers to make
<br />an award or settle a claim for damages, Harrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apph• the proceeds, at Tinder's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender 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 para¢raphs t and 2 hereof or change the amount of
<br />such installments.
<br />lo. Borrower Not Reteased. Extension of the time far payment or modification of amortization of the sums secured
<br />by this Mottgage granted by Lender ro any successor in interest of Harrower shall oat operate to release, in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall oat he required to commence
<br />proceedings against such successor or refitse to extend time far payment ar otherwise modify amortization of the sums
<br />s~:ured b}' 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. Any forbearance by fender in exercising any right or remedy hereunder, ar
<br />otherwise afforded by applicable law, shall not be a waiver of nr 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 [.ender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />22 Remedies Cumulative. Ali remedies provided in this Mortgage are distinct and cumulative to any other right er
<br />remedy under this Mortgage ar afforded by taw or equity, and may he exercised cancurrentiy, independently or successively.
<br />13. Stut•essors and Assigns Bound; Joint and Severe! hiabilih; 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 Mortgage are far convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any native reyuired under applicable law to he 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 ro 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 by certified mail, return receipt requested. to lender's address stated herein or Yo
<br />such other address 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 i.ender when given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law; Severabllity. This form of mortgage carnbines 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 4n which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note cantlicts with applicable law, such conflict shalt oat affect
<br />other provisions of this Mortgage ar 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 />16. Borrower's Copy. $orrower shall be furnished a conformed copy of the Note and of this Mortgage ai the time
<br />of execution or after recordation hereof.
<br />19. Transfer of the 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 (a) the creation of a Ben ar encumbrance subordinate io
<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 :errant or (d) 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 alt the sums secured by this Mortgage to be
<br />immediately due and payable. lender shall have waived such option to accelerate if, prior to ehe sale or transfer, Lender
<br />and [he person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory io Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as fender
<br />shall request If Lender has waived the option to accelerate provided in this paragraph t7, and if Borrower's successor in
<br />iaierest has executed a written asstunption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate. Lender shall maid Borrower notice of acceleration in accordance wish
<br />paragraph ]4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />whseh Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand an Borrower, invoke any remedies permitted by paragraph t fi hereof.
<br />Nox-UNr~oat.t CoveN~tvrs. Borrower and Lender turther covenant and. agrcx as :.,,,.,..,.
<br />d& Acceleration; Rttnedies. Ettcept ~ provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agreement. of Borrower in tilts Mortgage, inciudiag the covenants io pay when due :.ny s:.r- ~cered by this Mortmage:
<br />LttatEtz Itxior to accekralioa shag snail notice to Borrower as provided in paragraph l4 hereof specifying: (l) the breach;
<br />(1.) tilt artlOn rtlltlS[Ca 40 CUIC SUCK .breach; t3) a date, rwR less than 3tF days from the date the notice is mailed to Borrower,
<br />by w4lch snch breath most be etu+ed; and (4) that failure to coat such breach on or before the date specified in the notice
<br />may result in acceleration of the sutra secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property.
<br />The notice shalt ftnther inform Borrower of the right to reinstate after acceleration and the right Yo assert in the foreclosure
<br />prncecdisg the etort•exsterise of a default oa any outer defense of Burrower to acceleration and foreclosure. If the breach
<br />met. cured. on ar 6efare. the date specified is the notice, Lender ai lxnder s option may declare alt of the sums secured by
<br />this Mor#gagc to be immediately due and payable without further demand and may forechase lay judicial proceeding. lxnder
<br />shtiiibe eutMied to collect Fn. sue6 proceeding all expen~e+ of foreclosure, iocludiag, but not tiraitrd to, costa of dacuruentart
<br />G1"nCCy a~`iYraCt$. and. tiEtC rCpO14.4.
<br />1~. BotrosvP.r'r: tlirht io Reitwtate. Ny withsiandrxtg l Winder"e ccc.cr~itian of the auras secut~d 1?y this Mortgage.
<br />Harrower shall hays the tight so have any prax~dtnys lx.gun by L.cerde i ~ enforce ttx~5 Svtortgage disuantim;ad ett a;ty tiatc
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