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<br />Lender's written agreement or applicable law. Barrower shalt 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 Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon natice from Lender to Borrower requesting payment thereof, and shall tsear interest from the
<br />date of dsbur~men* a_r the rate payable from time to dme an atttstanding principal under the Noee unless payment of
<br />interest at suds race would bs comrary to applicable law, in which event such amostnts shall 'rear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incue any expense or take
<br />any action hereunder.
<br />il. Inspsctfon. Lender may make or cause to be made reasonable entries vpan and inspections of the Property, provided
<br />thst Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />intsrsst in the Properr:.
<br />9. Condemnation. Ilse proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or ocher 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 />7n the event of a total taking of the Property, the proceeds shall be applied 20 the sums secured by this Mortgage,
<br />with the excess. if any, paid fo Borrower. In the event of a portal taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, them shalt be applied to the sums secured by Phis Mortgage such proportion of the proceeds
<br />as is equal to chat 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 the Property immediately prior to the datz 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 Borrower that the condemnor offers to make
<br />an award or settle a claim far damages, Borrower faits to respond to Lender within 30 days after the Bats such natice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Prapsrtv or to the sums secured by ibis 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 paragraphs 1 and 2 hereof ar change the amount of
<br />sash installments.
<br />1©. Borrower Not Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release. in any manner,
<br />the liability of 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 far 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 />IL F'orbsarattce by Lender Not a Waiver, Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />athetwise afforded by applicable taw, shall not be a waiver of or 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 Lender shall not be a waiver of Lender's
<br />eight to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />I2. Resnsdies Cumulative. Aii remedies Nravided in this Mortgage are distinct and cumulative to any other right or
<br />remedy undsr this Mortgage or afforded by Taw or equity, and may be exercised cancurrzntty. independently or successively.
<br />13. Successors and Ataigns 73ourttl; joint and Several I,iabtTtty; Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights tereunder shall inure ta, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of pazagraph 17 hereof. ;i0 covenants and agreements of Borrower shalt lx joint and several.
<br />a. an.; a ere 4 be treed LO
<br />Tts cApti °-d'r.~ of the paragraphs of this Martgsge ..., f r ..,._.,.,.._..__ t , nd.,o: r
<br />interpret or idefine the prav~sians hereof.
<br />Id. Notice. P.xcept far any Holies tsquired under applicable law to be given in another manner. (a) any notice to
<br />Barrower gravided for in this Mortgage shall be given by mailing such natice *~y certified mail addressed to Barrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, artd
<br />(b} any notice to Lender shall be given by :.ertified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by natice to 8orrvwer as provided herein. Any notice provided for in this
<br />Mortgage shat! he deemed to have been given to Borrower or Lender when given in the manner dtsignaied herein.
<br />!~. Lt=.sfot~ Mcr€sage, G-nvgrnL.s La'v; S^vsra~3lty. 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 />real property. This Mortgage shall he governed by the taw of the jurisdiction in which the Property is located. In the
<br />evert that any provision ar claus? of this £F,ortgage or the Nate cenfiicts with spplicable taw, 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 seversble.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Nate and of this Mortgage at tine time
<br />of execution or after recordation hereof.
<br />17. 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 {al the creation of a lien ar encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c} a transfer by devise,
<br />descent ar by operation of taw upon the death of a joint tenant or (d} the grant of any leasehold interest of three years or less
<br />rot containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to ice
<br />immediately due and payable. Lender shell have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to 6e sold or trarsferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that tFe interest payable an the sums secured by this Mortgage sfiall be at such rate as I.ettdes
<br />sttaiI request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's suceessor in
<br />interest has executed a written assumption agreemeaE accepted in writing by Leader. Leader shall release Borrower from all
<br />oLtigatioas under this Mortgage and the Nofe.
<br />Ff Lender exercises such option io accelerate, Lender shall mail Borrower natice of acceleration in accordance with
<br />paragraph 14 het~rf. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Barrower fails to pay such sums prior io the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph i8 hereof.
<br />t~t'ota-tJNrrroatst Covexex~rs. Borrower and Lender further covenant and ogres as fallaws:
<br />IS. Accekra#ion; Reaaedies. Facept as provided ire paragraph 17 hereof, upon Borrower's brash of any covenant or
<br />agreemstat of I3ortow•er in [hls Mortgage, including the coveoants to pay wtren due any sums secarsd by this Montage,
<br />Louder prior to aseeieratian shalt mail notice to 'Borrower as provided in paragratgh 14 hereof apectfyi~: (1) the breach;
<br />(2) fire tttatian regebred to cme such breach; i3) s date, not teas rhea 3® days from the Bats the ttotfee is maBsd to Borrowey
<br />t+'Y which breach mast Ise cared; and (4) than fatTurs to cure such breach on of before the date specifini in tits rtotfce
<br />may result lp acceleration of the sums secured by fhb tHor~ate, foreclosure by judk~ proceeding aml sak of the Property.
<br />The notice ehaB furt)ur lufarm Borrower of the right to relr~te after acceleration amt the right to assert in the forBSlosurc
<br />p~ocsediaig the ~n~exhtence of a defauH or any other defeae of Borrower to asttkratlon and foreclosure. tf the breach
<br />is ~ cured oa or iieiore ffie date specified in the notice, Lender at t;.eader's option may declare ~ of the sums xcared by
<br />ibis Mortgage to be immediately doe and payable withmr! further demarm and may foreclose by Jndtciat pxoceedfiatg. Lender
<br />abaft be entered to collect In stub procsediteg ail enpewses of foredosnre, including, but pat limited to, costs of docnmeutary
<br />evldeace, absttacfs and title reports.
<br />19. Borrower's 7itight to Reinslsis. Notwithstanding Leader's acceleration of the sums secured by this Mortgage,
<br />Borrower slsail ]rave-the-right to have any proceedings begun by Ixnder to enforce this Mortgage discontinued at any time
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