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<br />Lender c writieu agreement ar applicable law. Barrawer shalt pay the amount of as mortgage insurance premiums in the
<br />manner provided under paragraph Z 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 Borrower and Lender agree to other *_erms of payment, such
<br />amounts shall be payable open notice from Lender to Bvrrawer requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from tuna to eime on ouisianding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts sha(1 bear intcr~t at the highest rate
<br />...,.salt'.-e v^.~~r a~lirah~ ?xn. 1?athi^g coo*.ain^d in this paragraph 1 she?1 require Lender to incttr any expense er take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable envies upon and inspections of the Properly, provided
<br />that Lender shat! give Barrawer notice prior to any such inspection specifying reasonable cause therefor related to L.ender's
<br />interest in the Property.
<br />9. Condemnation. `The proceeds of any award ar claim for damages, direct or consequential, in connection with any
<br />condemnation ar ether taking of the Property, or part thereof, rr for conveyance in lieu cf condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property. the prace.;ds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of [he Property, unless Harrower and Lender
<br />otherwise agree in writing, them shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is aqua] to that proportion which the amount of the sums secured by ibis i44ortgage immediately prior to the date of
<br />taking tears to the fair market value of the Property immediately prier to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower, ar if, after notice ty Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Harrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. 4-ender is authorized to coiled 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 Harrower 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 tv in paragraphs t and 2 hereof ar change the amount of
<br />such installments.
<br />79. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower sad Borrower's successors in interest. Tender shall rot be required tv comertence
<br />proceedings against such successor or refuse to extend time far payment ar otherwise mac+if}° amortization of the stuns
<br />secored by this Mortgage by reason of any demand made ty the original Borrower and Borrnver's successors in interest.
<br />71. Forbearance by fender Not a Waiver. Any forbearance by I-ender in exercising any right or remedy hereunder, ar
<br />othenvise afforded by applicable law, shall not be a waiver of ar preclude the exercise of any such right or remedy.
<br />The ptocuretnent of insurance ar the payment of razes ar ether liens or charges by Lender shat? nut be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured 6y ibis Mortgage.
<br />12. Reotedies Cumulative. Al) remedies provided in this Mortgage arc distinct and r~;.nutative to avy other right or
<br />remedy under this Mortgage or afforded by taw or coolly. and may to exercised cancurently, independently ar successively.
<br />73. Successors amt Asslga; Bound; Joint and Sever`I Iaabt3ity; Captions. I7te covenants and agreements herein
<br />contained shall bind, and the rights herevncler shall inure to, the respective successors and assigns of tend€r and Barrawer,
<br />subject to the provisions at paragraph t7 hereof. Ail covenants and agr2etnents of Borrower shall 'ice joint and ~•-ra'..
<br />The captions and I:e°di~gs of the paragraphs of this Mortgage are for convenience only and are not to be toed to
<br />interpret or define the provisions hereof.
<br />14. Nt#ice. Except €or any ttotsce required under applicable taw to Ire given in another manner. (a) any notice to
<br />Barrawer provided for in this Mortgage shall be given by mailing such native by certified mail addressed to Harrower at
<br />the Property Address or a! such other address as Harrower may designate by notice to Lettder as provided herein,-and
<br />{t) any notice to Lender shall lse given by certified mail, return receipt requested, is Lender's address stated herein ar to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any nar?ce provided #or in this
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />49. Uniform Mortgage; Goversriug Law; Severability. 3his farm of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with Limited variations by jurisdiction tv constitute a uniform security instrument covering
<br />real properly. This Mortgage shah be governed by the taw of the jurisdiction in which the Property is located. in the
<br />event chat any psavision or clause of this Mortgage ur the Nate conflicts with applicable law, such conflict shall not a$ect
<br />ether provisions of this Mortgage or the Nate which can to given etfect without the conflicting provision, and to thu
<br />end the provisions of ehe Mortgage and the Notc are declared to be severable.
<br />15. ~°rawsr's Copy. Bvrrawer shall be furnist~d a canfarnted copy of the Nate and of this Marigage at the time
<br />of execution ae after recordation hereof.
<br />17. '4'raasfer of the Property; Assumption. If atl or any part of the Property or an inier`st therein is sold ar transferred
<br />ty $orrower without Lenders prior written consent. excluding taL the creation of a lion ar ettcumbrauce subordinate to
<br />this Mortgage, tb) the creation of a purchase money security interest for hottsehoid appliances. tc) a transfer by devise,
<br />descent or by operation of law upon rite death of a joint tenant ar fdi the grant of any teaxhold interest of three years or less
<br />not containing an option w purchase, Lender may, at Lender's option, declare aH the sums secured by ]his Mortgage to [ie
<br />immediately due and payable. Lander shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom the Property is to be Bald or transferred reach agreement in writing that the credit of such person
<br />is saris#actory to Lender and that the interest payable en the sums secured by this Mortgage shalt be at such rate as Lender
<br />shall regttest. if Lender has waived the opiian to acre?orate provided in this paragraph I7, and if ~rrawer's successor in
<br />interest has executed a written assttmption agreement accepted in writing by Lender, Lender shall releau Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such opiian fv accelerate, Lender shall mail Borrower notice of acceleration in ar.,rordance whit
<br />paragraph l~ hereof. Such native shai6 provide a period of not less than 30 days from the date the notice is maned within
<br />which Borrower may pay the sums declared dtie. If Harrower fails to pay such sums prior to the expiration of suet[ period,
<br />Lender may, without farther notice ar demand on Borrower, invoke any remedies permitted by paragraph IS hereof.
<br />Nox-zrTNlgosM C~va,v.,a?s. Borrower and Lend_"r fsrlller covenant and agree as follows:
<br />48. Acceleratlaa; ReuxVl[es. Facept ~ provided in paragraph 11 hereof, upon Borrowers breach of nay covaaraat or
<br />agreet~eat of lgorrowee is tb~ tfiaa~age, iaclndlr+g the covenants Eo pay whoa due auy srtms secured by thfs Mortg~e,
<br />P.eader prior to acceleratlaa atoll mat! notice to $orrower as provided in paragraph 7Q hereo# spt>clfying: {7) ibe bench;
<br />{2) t~ aetpm regidred 9o cme such breach; (3) a date, apt-less thsa 3Q days from the date-Hie notice ~ nailed to Borrower,
<br />:°bwi# ~..b iz,~p be cured, and {4) t>~ failt~ tQ ~re snob breech oa or before tie date spedBed iu tlx notice
<br />may resort i!s acceeratioa of the sums :xcured try this MartBaKe: foreclosure 6y judicial proceeding cool safe ~ the Property.
<br />The trtrtice shalt fadher i-rtorm Borrower of /he right to relrtstate after acceleration and !bt right to assert ®the foreclosure
<br />pr~diag the amaeaEsteuce of a a?Efantt ar -any other alefctase of Borrowu to accekrattnn and foreclosure. R tix breach
<br />. le oral voted on or before the date speci>Ped is the notice, LeudZr m fenders option may declare all of the sores secured by
<br />fblu ASottgage to 6e ima:edi~eiyy due and payable wi#bout iarilasr demand asd may forectt~e by judicial praceedl~. Lendu
<br />shall be entNled to collect iu such proceedir~ all expenses of foteclosarre, ita<ludittg, hart not limited to, casts of documentary
<br />evidtnce, abstracffi atsd title reports.
<br />19. Borrowtrs Right to Reinstate Notwithstanding Lender's acceleration of the 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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