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<br />Lender's written agreement or applicable law. $arrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
<br />indebtedness of Borrower secured by this Mongage. Unless Borrower and Lander agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />data of disbursement at the rate payable from time to time an mustanding principal under the Note unless pavmen2 of
<br />,... ~h rate wattid ba cam ary to apflicabis taw, is which evet:t such amounts °hall bear i:tters.st at the l;ig::est rate
<br />permissible under apptieabie Taw. Nothing contained in ibis paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />$. Inspection. Tinder may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Tender sha!i give Borrower natise prior to any such inspection specifying reasonable ranee therefor related to Lender's
<br />interest in the Property.
<br />9. Condantnat€oa The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation ar other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to i.ender.
<br />in the event of a total taking of ilia Property, the prxeeds shall be applied to the sums secured by this Mortgage,
<br />with the excess. i f any, paid 4o Harrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing. there shalt be zpplied to the sums secured by This Mongage such proportion of the proceeds
<br />as €<_ equal to that praportian which the amount of the sums secured by Lhis Mortgage immediately prior to the date of
<br />taking bears to the fair market value of ilia Propeny immediately prior to the date of taking, with the balance of the prxeeds
<br />paid to Horrawer.
<br />If the Property is abandoned by Harrowe;, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award ar settle a claim for damages, Borrower fails io respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lenders option, either to restatatian or repair of the
<br />Progeny or to the sums secured by this Mortgage.
<br />Unless Lender and Torrower otherwise agree in writing, any such application of proceeds to prinsigai shag oat extend
<br />or postpone the due date of the monthly installments referred to in paragraphs l and 2 hereof or change the amount of
<br />such instailmeitts.
<br />10. Borrower Plot Released. Extension of the time far payment or modification of amonizatiart of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall oat operate to release, in any manner,
<br />the liability of the original Hotzower and Borrower's successors in interest. Lender shall not be required io commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of ilia sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />It. Farbrarance by Lender Not a Waiver. Any forbearance by Linder in exercising any right or remedy hereunder, or
<br />otherwise alto€ded by applicable taw, shall not be a waiver of or preclude ilia exercise of any such right or remedy.
<br />The procuretncn[ of insurance or the payment of taxes or outer liens or charges by Ixnder shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Camolafive. All remedies provided in this Mongage are dis$nct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurren±ly, independently or successively.
<br />13. Successors and Assigns Bouml; daint sad Beveral I.iabi82y°; Captions. 7Ae covenants and agreements herein
<br />contained shalt bind. and the rights hereunder shall inure te, the respective successors and assigns of Lender and Horrowt;r,
<br />subject to the provisions of paragraph 27 hereof. Ail covenants and agreements of Borrower shall be joint and sever~t
<br />Ttte captions and headings of rite paragraphs of this Mongage are for car•.vsnience only and are rnti to be nerd io
<br />interpret or define me provisn;ts hereof.
<br />14. Notice. Except for any notice required under applicable law to lee given in another manner, fa} any notice to
<br />Borrower provided for in this Mortgage shalt be given by mailing such notice by cenified mail addressed to Borrower at
<br />zhe Property Address or at such other address as Borrawer may designate by notice to Lender as grounded herein, and
<br />Ca3 any notice io Ixnder shall be given by certified mail, return receipt requested. to Lender's address stand herein or to
<br />such ether address as Lender may designate by notice to Borrower as provided herein. Any notice provided far in ibis
<br />Mortgage shall be deemed to have been given io Borrower or Lender when given in the manner designated herein.
<br />I5. Ustform Mortgage; S,ovetnirtg Law; SeverabBity. This form of mortgage combines uniform covenants for national
<br />use and oar;-uniform saicnants kith lin;ited var<ations by Jurisdiction to cu"°ti~titute a uniform security lase amoral pv€:ring
<br />real property. This Mongage shall be governed by the law of the jurisdiction in which the Property is revered. In the
<br />event that any provision or clause of this Mortgage or the Note santlicis with applicable taw, such conflict shall- not affect
<br />other provisions of this Mongage or the Note which can be given erect without the conflicting provision, and to this
<br />sod the provisions of the Mongage and the Note are declared to be severable.
<br />16. Borrower's Copy. Iorrower shall be furnished a conformed copy of the Note and of this Mongage at the tune
<br />of execution or after recordation hereof.
<br />17. Tramfer of the Property; Assumpt3an. If alt or any pan of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding (al the crestioa of a Lien or encumbran:e subordinate to
<br />this Mongage, (b} the creation of a purchase money security interest for household appliances, (c} a transfer by devise,
<br />dint or by operat"son of law upon the death of a joint tenant or td) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option. declare all the sums secured by this Mortgage to be
<br />immediately due and psyabie. Lender shall have waived such option to accelerate if, prior to tare sale ar traaafer, Leader
<br />and Elie parent to whom the Froperty is to be sold or transferred reach agreement in writing that tbe credit of such Berson
<br />is satisfactory fo Lender and .hat the interest payable an the sums secured by this Mortgage shall be at such rate as Lender
<br />sdtall trquest. Lf Leader 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 Leader, Lender shall release Borrower from all
<br />obligations under Ellis Mongage and the Nots,
<br />Lender exertises se.~h option to accelerate, Lender shah mail Harrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Sts~h noose shall provide a period of nc=: ':ass than =t) days from the date the notix is marled withirs
<br />which Borrower may pay the sums declared due. If Bortower fails to pay such sums prior m the expiration of such period,
<br />Leader may, without further notice ar demand on Borrower, invoke any remedies permitted by paragraph 18 her~f.
<br />Nox-TJNiFORhs Covexntvrs. Borrower nerd Lender father covenant and agrce as follows:
<br />1t1. Acceleratia~ RessetBes. Eatcept as provided itt ptraph }7 hereof. upon 1Barrower's hreac6 of any corenant ar
<br />agm~tit ~ Borrower in this Afortg~t, laelndiug the eaveuaats to pa_v whoa d~ env snr~ sect by thta Mor~agt,
<br />Lehr prior to accekration sitaN mn7 ratter to Borrower ag provided in paragraph 14 hereof specifying. (i) the breach;
<br />i2} the action reQabed to cum ssch breach; 13} s date, nW lees Elias 30 days from the data the notice ~ marled to Borrower,
<br />by vrtdclt meh bttseh ~ cored; mad (4) that fa0ure to enre etch bteadt on oe before Cite dale specitfed is the notice
<br />rosy result ~ acesleestfhm of the sorter secaeed by this Mert6~e, foreclosure by jadicfal proceedbsg and sale ~ the Property.
<br />~t sahke s~ fuNhar Lorna Borrnwer of the rTgbt to ree after acc~ederst{on said the tight to assert ~ the foree#isare
<br />preeeadhrg tkx ran-szi~eace of a default or any other delouse of Borrower to acee~ratlon end foreda~are. )if the breach
<br />is'z<at cared on of bolero the ;lr4e specified h- the notice, fierier at Lender`s option may declare aH of the sums sseurtd by
<br />tltht Mortgage to be ` doe end payable whtltout furtiasr demand'astd may foreclose by ptdicia3 proceeding. Lender
<br />lee e$tlekd to collect is ssc6 procePdlttg a8 expea+a•s of fomlosure, lurlucBag, but not limited to, costs of docnmeMary
<br />evfxleatee, abstracts and title repotYx.
<br />19. )Afrrsawer's Right to Reios[ate. Noiwithstandiag Lender's acceleration of the sums secured by this Mortgage,
<br />Botrawer shah have the right to have any proceedings begun by Lender to enforce this Mottgage discontinued at any time
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