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<br />.73--~ ~ # ~.F f~ ~ ~ '~
<br />Lender's written agreement or applicable iaw. Borrower shall pay the amomtt of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph ?, with interest thetzon, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to ocher farms of payment- such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />date of disbursement at the rate gayairle from time to time en outstanding printipal under the Note unless payment of
<br />i~,csi aY such talc would ese contrary to applicable law, in which event such amounts scenic bear in#erest at the highest cafe
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any attian hereunder.
<br />g. IospecHoa, Lender may make or cause to be made reasonable entries upon and inspettiom of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />~. Candemaation. T`ne proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, ar part thereof, or for conveyance in lieu of tandemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to $orrower. in the even of a partial taking of the Property, tmless 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 this Mortgage immediately prier to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the pra~ds
<br />paid Yo 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 Haim for damages, Borrower fails to respond to Lender within 30 tines after the date such notices
<br />mailed, Lender is authorized to collect and apply the proceeds, at I-ender'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 printipal shaft not extend
<br />or posipotte the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instaiimeafs.
<br />ftl. Borrower Not Etekased. Extension of the time €or payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrowee shall not operate to release, in ary manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required fo commence
<br />proceedings against such successor or refuse to extend time for payment or oiherwi_se modify amortization of the sums
<br />sesured by €his Mortgage by reason of any demand marls; by the original Borrower and Borrower's successors in interest.
<br />lt. 1Forbesraace by Lender loot a R'aiver. .4ny forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise affvrded by applicable iaw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />'Cho procurement of insurance or the payment of lases 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 Aiortgage.
<br />7L Remedies CursrnlaHse. All remedies provided in this Martgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised cancurrentlp, independently ar successively.
<br />I3. Successors aad Aasigns Bound; 3oiof and Several I,iabr73ty: Cap+Sons. T7te covenants and agreements herein
<br />contained shall bind, and The rights hereu.^.dor shalt inure to, the resptct'svt successors and assigns of Lender and Bo,-,owtr,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shah be joint and several
<br />Tne captions and headings of the paragraphs of this Mortgage are for rnnvenience only and are not to be used to
<br />interpret ar define the provis;.tns hereof.
<br />14. Notice. Except for any notice regt:fired under applicable law to be given in another manner, ta) any notices to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to $orrower at
<br />the Property Address or at such ocher address as Borrower may designate by notice to Lender as provided herein, and
<br />fb) any notice to Lender shalt be given by certified mail, return receipt requested, to Lenders address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in Phis
<br />Mortgage shall be deemed to have been given to Borrower or Lender when giver. in the manner designated herein
<br />IS. Uniform Martgage; Governing Law; Severalality. This farm of mortgage combines uniform covenants for national
<br />usE and non-uniform covenants with limited variations be jurisdiction to constitute a uniform security instrument tovering
<br />real property. This Martgage shall be gaverred by the law of the jurisdiction in which the Property is located. In tl±e
<br />event that any provision or clause of this Mortgage or the Note tonfticts with applicable law, such conflict shalt not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and ±o this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the limp
<br />of execution or after recordation hereof.
<br />I7. firaasfer of the Property; Assumption. If a}I or any part of the Property or an interest therein is said or transferred
<br />isy Borrower without Lender's prior written consent, excluding ta) the creation of a lien ar encumbttYhce subordinate to
<br />this Mortgage, fb) the creation of a purchase money securih• interest for household appliances, (t) a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant or (d) the grari of any leasehold interest of three years or le_cs
<br />not coatainhtg an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option ro accelerate if, prior to rite sak or transfer, Linder
<br />and the 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 oo the sums secured by this Mortgage shall 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 successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower €rom all
<br />obligations under this Mortgage and the Note.
<br />If i.end,^.r exercises such option Yo accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph Id het~,f. Seth notice shall prostide a period of not less Phan 3t) days from the date the notice is mailed within
<br />which Harrower may pay Yhc sums declared due. If Borrower faits to pay such sums prior to the expiration of such period,
<br />Lender map, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hemof.
<br />Note-LxtFYmM Crnex~xrs. Borrower and Lender further covenant and agree as follows:
<br />f/3. Acet~~stloss; Retaedie:,. Faeept ~ provided itt paragraph 1: hereu€, rgwrr Borrower's breach of nay rnvenant or
<br />agretaxnt ~ Borrower is t~ Msarigage, ihrsiudi~ the cav~~sauts ffi pay when due auy sans secured by fibs lMort~s,
<br />Leader prior la atahration shit maq notice to Harrower as provided in paragraph ld hereof
<br />(a? the aetdos rtgaired to care each breach; (3} s date, not Owe than J6 days from the data ffie notice b mailed too Bat,
<br />by wh~b wch breach mast be cared; arnd f4) that faibsre is cure such breath ao or befarc the date ~ On ffie aotkce
<br />reanlt ~ acceleratias or ffie sua~ secur+~ by snis Mortgage, foreclosure by jadiclal praceedi~ and sak of the Propeaty.
<br />'Tba satSet sisall further inform >3ivaoxvee ~ the to reinstate after acceteratiaa and the rgibt to assert in tore foreclaaara
<br />pr~eeding the ~a-esisttnce of a defaalt or any atYr de#euse of Borrower to accekeatioo earl foreclosure. if the breach
<br />fs ~ cwpd oa or before the elate specified iu the uotice, Ixndar at Leader's apHon may declare aH of the scan secured by
<br />ffi~ Mortsagt fo be imdtediateiy tine a~ ~yabie witi>oat further cte~°d essay foree~ by ~aditFsl prvcfedl~. Leader
<br />shall 6e t:ntltled to ealE:et in srwb proceedif~ all exper~s of foreclosure, Iacludfug, but not OOnrBed to, costs of doeamentary
<br />evidence, absfracfs sad tl0e reports.
<br />19. BmrowePs Right to ReinRate. Notwithstanding Lender's acceleration of rho sums secured by this Mortgage.
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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