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<br />Leaders written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner pYnvided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph ?. with interest thereon. shall become additional
<br />indebtedness of Borrawer secured by this Mortgage. Unless Borrower and Tender agree to other terms of Paymem. such
<br />amounts shall be payable upon notice from Lender to Aormwcr requesting paymem thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permisaibie underappiicable inw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />B. Inspection. Lender may make or cause to he 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. Comlemnatlan. The proceeds of any award or claim (or damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof. ur fur conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the ev:.nt of a total taking of the Prnpertc, the proceeds shall he applied to the minx 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 I-ender
<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 [Ere amount of the sum< secured by this 'vinrtgage immediately prior to the date of
<br />taking bears to the fair market value of the Propem• immediately prior to the daze of taking, •xith the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned h7 Borrower, ar if, after notice by (.ender tm 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 option. either to restoration or repair of the
<br />Property or to the sums secured by this Mongage.
<br />Unless Lender and Harrower otherwise agree in writing, am• 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 2 hereof or change the amount of
<br />such installments.
<br />IB. Borrower Not Relet~ed. Extension of the time for Payment or modification of amortization of the sums secured
<br />6y this Mortgage granted by Lender to any <uccessor .n interest of Bortower shall not operate to release, in any manner.
<br />the liability of the original Horrewer and Rnrrower's successors in interest Lender shall not he required to commence
<br />proceedings against such successor or refuse m extend time far payment or otherwise modify amortization of [he sums
<br />,cecured by this Mortgage by reason of any demand made by the r.riginai Borrower and Borrower's successors in interest.
<br />ii. Forbearance by [.ender Not aWaiver. -any forbearance by Lender in exercising anv right or remedy hereunder, or
<br />otherwise afforded by applicable ?aw, <hall oat he a waiver o! ,x preclude the exercise of am• such right or remedy.
<br />The psocuremtnt of insurance or the payment of taxes or other liens rr ~=barges by I.cnder hall not he a waiver of Lender's
<br />right to accelerate the maturity of the mdehtedness .rented by this 'aiongage. -
<br />12. Retedies Camuietlre. Ail remedies provided rn this ~ioFtgage arc distinct :rod cumulative to any other right or
<br />remedy under this Mattgage er afforded by law .:r cqunv. and rosy tie exercised concurrently, independently nr successively.
<br />l3. Saccesars Had Aseigos Bound: Joint vod Several Liability: Captions. '['ha covenaots and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the re<pertive aicerssors :rod as<igns of Lender and Borrower.
<br />subject to the provisions of paragraph t" hereof. All eoeenants and agreements of Borrower shall he joint and several.
<br />The captions and headings of the paragraphs of :his Mortgage ore for convenience only :rod are not to ire used to
<br />interpret or define the provisions hereof.
<br />20. :Notice. Except for any nouce required under applicable law ±[? he given in another manner, Sol any notice to
<br />Burrower provided for in this Mortgage shag he given by matting such nouce by certified mail addressed to Aorrower at
<br />the Property Address or at such ether address as Borrower may designate by notice to i.cnder as provided herein, and
<br />(b} any notice to Lender shall be given be sniffed mad. return receipt reyurs[ed. to Lender's address stared herein or to
<br />such other address as Lender may desi¢nate h. notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shaft Ex deemed to have hertt~grveu to Ba: mower or I.cnder when gtven in the manner designated herein.
<br />15. Uniform ~Iotigege; Governing Law: Severabi0ty, This form at m>rtgage combines uniform covenants fur national
<br />use and tton-uniform covenants with limih~cl varuuons hv_ ~urnd~cuon m romtuute a uniform security instrument covering
<br />real peoperty. Tttis Mortgage shall !>e ¢acetnrd by the 4aw .•f the nuisdictian in which the Property is lacnted. In the
<br />event that any provision or chase of this Mortgage er the Votr a~ntlicts with appiic:rble law, such conflict hall nut affect
<br />other provisions of this Mortgage or the Nrtr whtch can be given etfeet without the contlicting nrovisiou. and to this
<br />end the provisions of the Mortgage and the Mote are declared to he <rverable.
<br />26, Borrower's Copy. Borrower shall be furmshzxl a ~c+ntarmrd copy of the Notc ;rod of this Mortgage at the time
<br />of execution or after recordation hera+f_
<br />l7. 77amfer of the Property; :lssamptioa. If ail or any pea cal the Proprny or an interest therein is sold ar transfermd
<br />by Borrower without Lender's prior written consent excluding ial the creation of x lien ar encumbrance subordinate to
<br />this Mortgage, +. b) the creation of a purchase money security interest fur household appliances, (c) a transfer by devise.
<br />dexront or by operation of law upon the death o(a joun meant or td) the great of any leasehold interest of three years or lose
<br />trot containing an option to purchase, Lender may, at Lender", option, declare sll the rums secured by this Mortgage to be
<br />immediately titre artd payable. tender shall have waived wch opuon to accelerate iF, prior to the sate 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 to Lender and that the interest payable on the sums secured by this Mortgage shall he at such rate as Lander
<br />shag reytxst. If Leader has waived the rzption to accelerate provided in this paragraph E?, and if Borrower's successor in
<br />interest has exxuted a wriaea assumption agrermem accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage sod the Note.
<br />If Lender exercises such option to acrlerate, Lender shall mail Borrower nutlet of acceleration in accordance with
<br />paragraph I! hetetzf..Such notn'e shall provide a period of nut less than ?0 days from the date the notice is mailed within
<br />whirl[ 8wrower may pay the sums declared due, If Borrower faits to pay such solos prior m the expiralien of such Period,
<br />I-ender may, without further notitt or demand on Borrawer, iervoke any remedies permdted by paragraph I3 hereof.
<br />Mont-Ut+tpoax+t CmEr+,axrs. Bortower and Lender further covenant and agree as faUows:
<br />28, A.ctaimati~ Remedies. Facept as provided in paragrapk !7 Itereoi, upon Sarrowers breach of any cotenant or
<br />gtstarotaat of Bs~rrawyr ~ elth itort~aRe, i~lrrdiog. the covenarMS to pay when tine asy sums secured 6Y_ thh ia2atlttWte.
<br />[,_~ prise to aecshetdien sha8 suit aotiee to 1arrower ~ previthd is paragrapA Id heteaf s2reeifyiag: (2) the breach;
<br />t2! iht actloa egaked to crrra saeA breach[ (3) a date, oat tar [tan _l8 days from the dale the tsotire is mailed to Borrower.
<br />hg whic- such 6sarttrA taasi he carek a~ (1! tAat faBrte to cars sacA breacA as or before tAe date specilJed la the rwtice
<br />rrtp tawk is accaMntioa of tAe saes secarad by thh Morhlage. foreclorurr by jHdieid prw•ati+lirp{ amt soh of the Property.
<br />'Tpa;rraee sirM fatsitret iadore Borrower of Me right ra reinstate after accekrNioo slid the right to aswert in the forecMsure
<br />ptatrraat~ t!a aee.eahtiutis of t detatat8 oe say otAsr defeasa of Borrawer rH ,,~:.•kratian and fnreclosurc. if the breacA
<br />ie aM erini as es befan tAs daAr spsriRad is tM Holies, l.eador at LcHder's apt».. u.ay daelare ail of the sa9nt secured by
<br />tNn tA{ar1>p~rr 6a ba irataiaBSAdy dose aed pryahie wNAutN further detaswd soli tray Yoreciaee 6y jorUcW proeeed[ag. lxtrder
<br />sMB ba eatltlat! M eaMn! Ar sac- proceedirrk aq e><penaar d foreelosare, incfadhsg, hint oat limited to ewts of ttorumeatary
<br />eriM~cw rihatrrsw sat [isle spare,
<br />1!. MansHSat1'a $illiM ~ ilNsetNe. Notwahstand+ny Lextder`s accel+srauon =tt the suntx sera ut>ed E*y this Martgago.
<br />BgrtOwat siuti! bass dse right to !lave any pruceedinrp Rapun 65' Leander u> rHfcxce =tux Mortgatse dixcareune»xE at any [roil
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