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<br />.~8~ ililR~ s
<br />Lender's written agreement or applicable law. Harrower shall 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 Harrower secured by this Mortgage. Unless Harrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice tram Lender to Borrower requesting paymen! thereof. and shalt bear interest from the
<br />date of disbursement at the rate payable from time io time on outstanding principal under the Note unless payment of
<br />istar^.°>. at se:clt rate would !~ canzrarJ to applicable taw, in which event s~xh amauris shall >>zar interest at zh° highest rate
<br />permissible under appficabix few. Nothing contained in this paragraph 7 snail require Lender to incur any expense or take
<br />aoy action hereunder.
<br />8. Inapectlon. Lender map make or cause ea be made reasonable outlier upon and inspections of the Property, provided
<br />that Lender shall give Harrower notice prior !o any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. C.andemuation. The proceeds of any award or claim far damages, direct or consequential, in connection with any
<br />condemnation or other Faking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shell be paid to Lender.
<br />In the event of a total taking of the Propetty, the proceeds shall be applied 20 the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrowee. In the event of a partial taking of the Property, unless Harrower and Lender
<br />otherwise agree in writing, there shalt be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is aqua! to that pro~.,riian which the amount of zhe sums secured by this hfoztgage immediately prier to the daze of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower, or if, after notice by Lender to Borrower that the condemnor of#ers to make
<br />an award or settle a claim far damages, Borrower faits zo respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized fo 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 Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such applicaiian of proceeds to principal shall not extend
<br />or postpone the due date of the monthly instaltments referred fn in paragraphs t and 2 hereof or change the amount of
<br />such instatlments.
<br />Ili. 13rxrowe; Not Released. Extension of the time for payment or modti.tcation of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall net operate to release. in any manner,
<br />the liability of the original Harrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of fire sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />21. Forbesrattce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of ar preclude the exercise of any such right ar 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 />right to accelerate the maturity of the indebtedness secured by this Ivforigage.
<br />I2. Rernedles Cmm~)stive. A11 remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law ar equity, and may be exercised concurrently, independen#ly or successively.
<br />f3. Suceessars and A~gns Hound; mint sad Seeerai I.iabiiih; t'aptlotts. The covenants and agreements herein
<br />captained shalt bind, and the rights hereunder shall inure t0. the respective successors and assigns of Lender and Borrower,
<br />subject to the previsions of paragraph 17 hereof. A!1 covenants and agreements of Borrower shall be joint and rove-st
<br />The captions and headings of rite paragraphs of this Mortgage are for carvxnience only and are net to fie used to
<br />interpret or define the provtsions hereof.
<br />14. Notice. Except for any notice required under applicable law to be gluon in another manner, ta} any notice zo
<br />Borrower provided for in this Mortgage shag be given by mailing such notice by certified mail addressed to Harrower at
<br />the Property Address or at such other address as Harrower 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 to
<br />such other address as Lender may designate by notice to Harrower as provided herein. Any notice provided for in .this
<br />Mortgage shall tar deemed to have been given to Borrower or I_erder when given in the manner designated herein.
<br />I5. Uulform Motgage; Governing I,aw; 5everaln7ity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with Fimited variations by jurisdiction to constitute a uniform security instrument covering
<br />teal property. 77tis Mortgage shalt be governed by the law of the jurisdiction in wttich the Property is located. In rite
<br />event that any provision or c{ease of this Mortgage or zhe Note conflicts with applicable law, 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 />e:~ the previsions of rte Mar€gage and the '`laze are d.°clar.°, to he severable.
<br />l6. Hormwer's Copy. $arrower shalt he furnished a conformed copy of the Note and of this Mortgage at the tune
<br />of execution or after recordation hereof.
<br />l7. Transfer of fhe Property; Assmption. If alt or any part of the Property or an interest therein is sold or transferred
<br />by Bc*rawer without Lender's prior written consent, excluding (a} the creation of a lien or encumbrance sntmrdinate to
<br />this Mortgage, (b} the creation of a purchase money security interest for household appliances, (c} a transfer by devise-
<br />descen! ar by alteration of law upon the death of a joint tenant or fd1 the grant of any leasehold inte22si of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare alt the sums secured by tfins Mortgage to be
<br />immediately due and payable- Lender shall have waived such option to accelerate if, prior to the sale ar transfer, Lender
<br />and the person to wham 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 t.n the sums secured by this Mortgage sha12 be at such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's sttceessor in
<br />interest has executed a written assumption agreemem accepted in writing by Lender, Lender shall release Borrower froth all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accardattce with
<br />paragraph 14 hereof. Such notice shalt provide a period ai hat less than 30 days from the date the notice is mailed within
<br />which. Borrower may pay the sums declared due. If Harrower fails to pay such sums prior to tbe expiretion of such period,
<br />Lender map, without further notice ar deatand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nax-Utstgaau Cavsx~x•rs. Borrower and Lender further covenant and agree as follows:
<br />iii. Ae~eaa au; a'~Cx~, i3xeept as grov)ded In ~ragrsph iT ieereof, tr~pon igorrowet~s breach of aoy covenan# or
<br />sgreer~ut of Horrower La th)s Morgaige, iscladi~ the coveuants to pay when due any sum secured by this Mortgage,
<br />bender p€ktr 4a accekr~tr ms0 notice to Borrower ss proveded in paragraph l4 Irerenf specifying: {i) the baeach;
<br />§~)?~ aeL Wired ~ cure s h; ;3} a dare, root ~ thou 3° days from lice date the-native ~ sam'kd to Sorrower,
<br />try whkh each 6xrac>~ mmt be cured; and (4} that faUure to care such breach an ar 6efare the date speclRed In the natke
<br />utwy reset! In sceel~atffon of t)n: suau secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property.
<br />The nof)ce absB further Inform $orrawee of the right to relustete after acceleration and the right to assert in t!x fot~loswe
<br />grrioceed)gg 1~ aaayeex)t3ttruxa of a default w any ether defense of Borrower to acceleration and forectosare. H the breach
<br />fo not .eared oa ar before the die apee~ed ifl the aotice, Letaier at Lender's option may declare alt of the sums severed by
<br />tads Martgsge to be imuredlately due mud payable without further demand sad may tareelose by jmlieisl peoceeding. Leader
<br />s>~ be entitled to eo4lect iu such proceedlug sB expenses of foreclosure, Incladfug, but not Olmited to, costs of documentary
<br />evidence, a~fraefa end tkle reporter
<br />I9. Harrowcz<s Right !o Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shalt have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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