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<br />Lender's written agreement or applicable law, Borrower sha[l 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 become additional
<br />~, indebtedness of Borrowersecured bythis Mortgage. Unless.Borrower and- Lender agree to other termsof payment. such
<br />.amounts shall be payable upon notice from lender to Borrower requestingpaymenr thereof:.and shall beat interest from .the
<br />date. of disbursement'at the rate payablefrom time to time on outstanding principal under the Note unless paymentof
<br />interest at sucfi rate would be: centrarytoapplicable law, in whichevenYSUCh~'amounts`shallbearinteresrarihehigbestrate
<br />permissible-underapplicable law: Nothing contained in this paragraph 7 shall require Lender io incur any expense or take
<br />any actioo hereunder.
<br />8_ Inspection. Lender may'make or cause to be made reasonable entries upon and inspections of Lne Property, provided
<br />that. Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor re]ated.2oLender's
<br />interest in the Property.
<br />- `9• Condemnaton; 'P.te proceeds of any award or claim for damages,.direct or consequential; in connectionwithany
<br />condemnation or other takingofYhePropern•. or part thereof, or .for cony°eyance in Tieu of condemnation are herebyassigned
<br />and shall be paid to Lender.
<br />In the eventof a total taking of the. Property, the proceeds shat! be applied to the corns secured'by this bTortgage,
<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 tfiis 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 markervahte of the Property immediately prior to the date of taking, with the FYalance of the proceeds
<br />paid to Borrower-
<br />ff the Property is abandoned by Borrower. or if, after notice by Lender ro Borrower that the condemnor offers to make
<br />an award or settle a claim fordamages, Borrower faits to respond to Lender within 3O days afterthe date such notice is
<br />mailed. Lender'is authorized to collect and apply the proceeds. at Lender's option, either to restoration 'or repair of the
<br />Propem• or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree. in writing. any such .application of proceeds to principal sha0 .not extend
<br />or postpone the duedate ofihemomhly installments referred tq in paragraphs I and 2.liereof or changethe amountof
<br />such installments:
<br />10. Borrower Not Released. Extension of the. time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender Yo any successor in interest of Borrower shall net operate to release; in am manner;
<br />,the liability. of the originaf Borrower and Borrower's successorsin interest. Lendershall not be requiredto commence
<br />proceedings against such successor or refuse to- extend time fqr payment or otherwise modify amortization iif 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. Forbeanace by Lender Nof a Waiver. Any forbearance by bender in csercising any rightor remedy hereunder, or
<br />otherwise afforded by applicable law, shall noC be a waiver of nr predude..Yhe exercise<of any such right or remedy.
<br />The ptocurementof insurance or the payment of taxesocbther liens or chazges hyi,ender shalYnot be a waiveraf Lender's
<br />righttoacceleratethecnaturityoftheindebtednesssecuredby¢his Mortgage.-
<br />12. ReniMies'Cumahrti~e. All remedies provided in this Mortgage are distinct and cumulative _~ any other right or
<br />remedy under this Mor[gageorafforded bylaw or equity, and maybe eseressedconcurrently,independentlyorsuccessively.
<br />13.' Saccessora and Assigns. Bound; Joint .and Several T.iabdity; Captions. "flte covenants and agreements herein
<br />contained shall bind; and the rights hereunder shall inureto, the respective successorsandassignsof Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. ;Ail covenants and agreements of Borrower shall 5e joint and several
<br />'1)te captions and headings of the paragrapFs of this Mattgage arc. for convenience pnly.and are not to he ust_? to
<br />interpret: ordefine the provisions hereof;
<br />14. Notice,. Except far any notice required under applicable law'to be given in another manner, (al any notice to
<br />Borrower provided-for in this Mortgage shall by given by mailing'such notice by certified matt addressed to Borrower at
<br />.the Property Address or at such ether address as Borrower. may designate by notice to Lender as provided herein. and
<br />(b) any notice toZcnder shall be given. by certified mail return icxipt requested;. to Lenders address stated herein ar to
<br />such otheraddtess 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 oc Lender when given in the manner designated. herein..
<br />75. - flniform Mortgage; Governing Law; Severahility. This form of mottgag~ combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdicaion-to constitute a uniform security instrument covering
<br />real property. This Mortgage shat] be governed hw that law of the jurisdiction in which the Property is located. 1n the.
<br />eventthat any provision ordause nf'this Mortgage. or the Note conflicts with applicable Jaw;. 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 />16. Borrower's Copy.:Borrowershall be furnished'aeonformedcopybf theNoteand:ofthislNortgageat the time
<br />of execution orafter recordatiotf hereof:
<br />17. Transfer of the Property; Assumption.,If all orany pan of the Property oran interest therein: is sold or transferred '
<br />by Borrower without Lender's. prior written consent. excluding (a) tbe creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the. creation- of a purchase money. security: interest for household appliances, (c) a transfer by/devise,
<br />descenrorby operation of law upon tbe death of a joint tenant or fdl the grant of any leasehold interest of three years or Iess
<br />not. containing an option to purchase, Lendermay, at Lender's option, declaze' all the Sams secured by his Mortgage to be
<br />immediately due ant3'payable. Lender shall have waived sudi option to accelerate if; prior to the sale or transfer. Lender
<br />and the personio whom theProperty istobe sold or transferred: reach agreement in: writing thatthe credit of such person:
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be arsuch Yale as bender.
<br />shall request: If Lender has waivedxbe option to accelerate provided in this paragraph 17, and if Borrower's, successorin
<br />inlerecthasexecutedawrittedassumption agreement accep[edinwriting,by Lender,Lendershail release Borrower fzomall
<br />obligations under this Mortgage and the Note.
<br />If bender exercises such .option to accelerate, .Lender. shalt. mail Borrower notice of acceleration iu accordance with
<br />'paragraph 14hereof.' Such notice shallprovidea<periodof not less than 30days fromthe date the notice is mailed within '
<br />which Borrower may pay the ums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender tray, withouCfitrther notice or demandan Borrower: invoke any: remediespermitted byparagraph IShereof.
<br />Note-LrNteoa&t CovaxnrtTS. $orrowerand Lender further covenant and agree as follows:
<br />18. Accekratioo; Rernedies.Fsceptas provided iaparagraphl7hereof .upon Borrower'sbreach ofany covenant or
<br />aereement'of Borrower in thisMOrtgagq including the covenants to .pay-wheel due any sums secured. bythis Mortgage,
<br />Leatkr prior to acrekratiooshall mail notice foBorroweras providedirtparagraph 14 hereof specifying; (1) the breach;
<br />(2) the action. required to currsuch breach; (3) adate,.noCleasthao 30 days fromthe date theno6ce is'.mailed to Borrower,
<br />by which such breach must be cured;,pud (4) that failure to cure such breach on or ltefore the date specified in the notice
<br />may rzsrlt in acceleration of the sums secured by this Mortgage, foreclosure by. jadecial proceeding and sale of the Properly.
<br />The notice shall further inform Borrower. of the right to reinstate. after acceleration and the right to assert in the foreclosure
<br />praceedirtg the non-existtnce of a,default or aay other defense of Borrower to acceleration and foreclosure. if the breach
<br />• is:. not cured on or before the dale specified in the notice, Lender at Ixnder's option may declare all o= the- sums secured by
<br />. this Mortgagetobe immediately due and,paya6le without further demand and may; foreclose by judicial proceeding. Lender
<br />shallbe entitledioeopeckiosuchproceeding all expensesof foredosore,:induding,but not limitedto, costs of documentary
<br />evidence,abstrxctsand tilk reports.
<br />19..Borrower's Rigbt to Reiastafe. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />. Borrowarshallhavetherigltt 20 have any proceedings tiegunby Lendertoenforce this Mortgage discontinued at any time
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