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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of ail 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 shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from tfie
<br />data of disbursement at the rate payable frotn time to time on outstanding principal under the Note unless payment of
<br />interest at such rate we3utd be contrary to applicable taw. •in which event such amounts shall bear interest at the highest rate
<br />~rmiusibte t_m~r applicable law. riathing eantained is this paragraph 7 shall require Lender to incur any expense ar take
<br />any action hereunder.
<br />& Iospectiaa. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lander-shad give Borrower notice prier to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Praperty.
<br />9. Coralemnstkra. The proceeds of any award ar claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereo#, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lene~r.
<br />In the event of a total taking of the Property, the proceeds 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 the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the praeeexis
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking };ears to the fair market vattte of the Praperty immediately p: i^t io the date of Yoking, with th^. balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. er if. after notice by Lender fo Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender iS authorized to coll~+ 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, arty such application of proceeds to principal shall not extend
<br />or postpone the due date of 4he monthly insta}Iments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instaitments.
<br />4$. trlorrower lYot 1h:eTeased. Extension of the lima far payment or modirication of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate is release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest Lender shalt not be required to commence
<br />proceedings against such successor or re#use to extend time for payment or othervise modify amortizati :n of the sums
<br />secured by ibis Mortgage by ttason of any demand made by the original Borrower and Borrower's suc:essors in interest.
<br />73. Farbearsece by I.eadcr loot a Wr3ver. Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded by applicable taw, shalt not be a waiver of or preclude the exercise of any such right or remedy.
<br />Tht priuure:meni of insurance or the: payment of saxes or other liens or charges by Lender shaft not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />22 Rearedlies C®aiatise. Aii remedies provided in this Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage or atI'orded by law ar equity, and may be exercised concurrently, independen8y ar suecessiveIy.
<br />23. Sarceasors ~d Assures }}}need; .Taint sad Several Liabrrify; Captions. The covenants- and agreeme'rtu heroin
<br />contained shall bind, and the rights hereunder shall inu*_t to, the respective successors and assigns of Lender and Harrower,
<br />subject to the provisions of paragraph 17 hereof. Ait covenants and agreements of Harrower shall be joint and several.
<br />'the caW.ians a~ headines of the traraaraahs of this Mertcat_e are for convenience only and are not to be used to
<br />interpret or define the provisitrres tteteaf.
<br />I4. Notice. Except far any notice required under applicable law to be given in another manner, (a) avy furt'sct to
<br />Borrower provided for in this Mortgage shall be given try mai}ing such notice by certified mail addressed to Borrower t:'
<br />the Property Address ar at such other address as Borrower may designate by notice to Lender as provided herein, are,.
<br />(b} any notice to Lender shalt ire given by ctrYitied mail, return receipt requested, to Lender's addtt~s stated herein or to
<br />such other address as Leader may designate by notice to Borrower as provided heron. Any notice provided #or in tilts
<br />Mortgage sha}3 be deemed to have been given to Borrower or Lender when given in the maon~r designates Ifc~rtltr.
<br />23. Uaiforea itinstgsge; lsovernta~ taw; SevecabNity. 'this form of mortgage combines ^niform covenants far national
<br />use and non-uniform oavanaats with Limited variations by jurisdiction to constitute a uniform security instntment wetting
<br />rest property. This Mortgage shall he governed by she law of the jurisdiction in which the Property is locazrni. In the
<br />event that any provision or clause of this Mortgage or the Nate conflicts with applicable law, such rnnftict shalt not at3ect
<br />other provisions of this Mortgage or the Nate which can be given effect without the wnfticting provision, and to -this
<br />end the provisions of rite Mortgage and the Note are declared to be severable.
<br />tb. ;Iarrower's Copy, )3arrawtr shall be fi3~is`a2d a cauformed copy of the Note and of .his Mortgage at rite fiirit
<br />of execution or after recordation hereof.
<br />27. Transfer of the Property; Aseampfloe. if all or any part of the Property or an interest therein is aoid or transferred
<br />by Borrower without Lender's prior written consent, exciueting (a) the creattaa of a lien or encumbrance subordinate to
<br />tilts Mortgage, (b} the creation of a purchase money security interest for household appliances, {c} a transfer by devise,
<br />descent or by optrazion of taw upon the death of a joint tenant or {d1 the grant of any leasehold interest of three years or less
<br />not wntaining an option to purchase, Lender may, ai Lender's option, declare alt the stems secured by this Mortgage to x
<br />immediately due and payable. Lender shad have waived such option to accelerate if, prior to the sale or 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-safisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shat} request. Ff Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />imerest has executed a written assumption agreement accepted in writing by Leader, Linder shalt releax Borrower from ail
<br />abiigazions under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Linder shall mail- Harrower notice of acceleration in aewtdance with-
<br />- paragraph i4 hereof. Such notice shah provide a period of oat tens titan 3v-days from the date the notice is mat7ed within
<br />which Bo-ewer may pay the sums declared due. I£ Borrower fails to pay such sums prier to fife expiration of such period,
<br />Lender may, without further natiet or demand on Bor,-awer, invoke any remedies permitted by paragraph I $ hereof.
<br />Mort-Utttz`onrt t;ovgrrast;s. Borrower and Lender further covenant and agree as follows:
<br />2& Acederstfoat>3tatedlea. F,€cc~3 ae provided la paragrapb d9 hereof, gpsa Borrower's brrsch trf troy cove0iat or
<br />s(ti+:t of lildtt~wer hr this Mortgage, iacle~~ fhe rnveaaab to pay when dtrc say ~affi secarcd by this 1Hix4;sge.
<br />Iaaader prfats to ~ s6sB a entice to iorrower as provided ~ partegts~th 24 kmreaf ~: {l} the breach;
<br />(2> tli~ e~timr~ to ctzrrs each Iirtnclt; (3}-a date. sot ita;'thaa 3$ days from the bate the antics is rt4d to Borrower:
<br />by witut sash itcettce taaat he ruaed# aati fd}- float fso$~a es cfsre streA-:lh on or 6elbre fht sat is the aolfce
<br />bi acc~erstloa of tree zue~ se-cared hY tkls hfcor, tortdemnre by ! :red-ash of the Frapesty.
<br />TlseasBee tert6er Iafarru ftorrawtr of Qke rigt+t tai reirrshde after necetxratloa aa~ t~ -right ea-assert to .~ foroekfsare
<br />peoetedf~;thra~esiakeace of • defnuK or troy other de#ertse of Borr~sver to eece]eratfoa toreelosate. If the. breath
<br />tt9s esaeeloa-tar-before the date specirf~ is the notice, Leader at Len+#er's op~an ffi+~y' ~ sB of the sat~rtrtd Iry
<br />$~ b be it3ately doe and payable withattt #urther deentend and utry 1'oreslose try Jtrdltia( ptoceed~, leader
<br />ht etslkied W coBu3ta wch pmeedisg aN ercgettses of foreciasare, inc~u~itg, 8nt ~t ifrnitid to; coazs of docnmeatary
<br />evldetctr abstracts arad,tTkkr teparfs,
<br />I9: Owes's 1R~ht to Rr!astsRe. N~tyvithstendng Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall Iravt,il~ tight to have any- praceeditigs_ gun by Linder to enforce this Mortgage dfficontinued at any time
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