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Lender's written agreement or appticabto law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender puwant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgagt. Unless Borrower and Linder 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 Exam the
<br />date of disbursement at the rate payable from time to time on outstanding principal tutder the Note unless payment of
<br />interest at such rate wautd be contrary to appticabto taw, in which event stxh arnaunts shall bear interest at the highest rate
<br />r, iaabie tnrder applicable taw. Nothing crintairred itt this paragraph i shall require Lender to incur airy expense or takes
<br />any action herctrnder.
<br />R ice, _'~s. Lender may make cr ea~~, to'~ roan? tzas,~nabla ocarina upon and inspeci;ons of the Iroperty. provided
<br />Ehat Lender shall glut Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interwar in tbe PropCity.
<br />9, The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are Ftereby assigned
<br />and shall be paid to Lender.
<br />Ia 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 Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shalt be applied to the sums secured by this 'Mortgage such propotrian of the proceeds
<br />as is equal- to that proportion which the amount of tbe sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property imatediatety prior to the date of taking, with the balance of the proceeds
<br />paid. to 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 claim for damages. Borrower fails to respond to Lender within 3D days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restozation 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 principal shad twt extend
<br />or postpone the due date of the monthly installments referred to in paragraths t and 2 hereof or change th. amount of
<br />such installments.
<br />iffi, ]3orrower Not Rehr~d. Extens'san of the time for payment ar modification or amortization of the sums secured
<br />by this 93ortgage granted by ixnder to any successor in interest of Borrower shal3 not operate to release, in any manner,
<br />the liability of the- original Borrower slid Borrower's successors in interact. Lender shall riot be required to commence
<br />proceedings against such succ.-scot or refute to extend time for payment or otherwise modify amortization of the sums
<br />scoured try this Mortgage by reason of any demand made by the original Borrower and Borrower=s successors in interest.
<br />14. Forbearaaee hY Leader Riot a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded lry applicable law, shalt not be a waiver of or prechrde the exercise of any such right or remiti3.
<br />The procurement of insurance or the payment of taxes nr other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedas Cnntatatlve. All remedies provided in this Mortgage arc d'utinct and cumulative to any other right or
<br />remedy umIer this Mortgage or afforded by law or coolly, and may he exercised concurrently, independently or successively.
<br />Y3. ;3trecessets- ar>d Astdgas 13oaad; 7o~t eau Severs! Gial»iity; Captions, The covenants and agreements- herein
<br />contained stroll bind, and the rights hereunder shalt inure to, the respective succcgsats and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph t7 hereof. All covenants and agreements of 3orrnw-er shelf ire joint and several.
<br />The captsons and headings of tbe paragraphs of this Mortgage are for comrenience only and an: riot to be used to
<br />inierprei br define the provision ltcreof.
<br />I4. Notice, Exixpi for any notice required under applicable law to be g von in another manner, ia) any nctitce ro
<br />Borrower provided for in this Mortgage shall be given.bg' mailing such no5ce by certified mail addressed to Borrower at
<br />the l}roperty Address or at such atIter address as Bnrrowor may dosignate by netu~e so ipndsr ~ prnvid~d ltsrein; and
<br />(b} any notice to Lender shall be given by certified mail, return receipt requested, fo Lender's address stated herrirt or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be :~»med fo Isave tstsn given to Borrower or Lender when given in the mamter designated herein.
<br />15. 't.laift~ tie; t;ovxritirtg I,a-w; Sevt:t~`$ity. This form of mortgage combines uniform covenanu far national
<br />rise and non-uniform covenants with limifid variations by jur'tsdictior. to constitute a uniform security instrument covering
<br />real, property. Tttis hfortgage shall be governed bg the law of the jurisdiction in which lire Property Ss tocated~ In the
<br />event that any provision ar clause of this Mortgage or the Neste conflicts wZth applicable law, such conflict shall noF affect
<br />other provisions of ibis Mortgage or the Note which can be given effect without the conflicting provision, and ro this
<br />end the provisions of the Mortgage and the Noie are declared to be severable.
<br />26. Borrower's Copy. Borrower shall be furnished a conformed copy of the Noie and of this Mortgage at the time
<br />of ettecutian or after recordation hereof.
<br />27. Transfer of tiro 1'roperfy; A~umptioa. if all or arty gars of the Property or an interest therein is sold or transferred
<br />by 8orron<er without Lender's prior written consent, exc[udiag (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, {b) the creation of a p:tthase money security interest for household appliances, tc) a transfer by devise,
<br />descent or by operation of ?aw upon the death of a jeine tenant or (d) the grant of any leasehold interest of three nears or Less
<br />not containing an option to purchase, Lender may, at Lender's option. declare all the sums secured by this lvtortgage to be
<br />immediately due and pag2ble. Lender shat 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 sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender acid that the interest payable on 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 t7, and if Borrower's successor in
<br />interest has executed a written assumption agreem?rat accepted in writing by Lender, Lender shall re~ase Borrower from alt
<br />obligations under this ~nartgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph l4 hereof. Such native-shall provide a period of not less than ~D days from the date the notice is mailed wi#hin
<br />which Borrower may-pay the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may; without-farther ncxice ordeman3 on Borrower,. invoke erg' remedies permitted by paragraph I g hereof.
<br />Nt~t-Uursoant Covsxah-rs_ Borrower slid Lender further covenant and agree as fol{ows:
<br />1$. AereleratYe~ Retnedks 'F.rtcept as provided hi taragraph i7 ttezeof, aeon Rorrawet's hnsch a# say corea~ ar
<br />srgt'ee9mret ~ Sorrowet in the Mortgage, ttseiadiag the covenants to pap when der anx-sores scented hJ' the Martgi+~e,
<br />:.esdzr gr.:,r t6 ~ce'e.-- r noire ffr Iiotrowex as provided in par3tgrsph'I$ hereof specifying: {I) the btgaelt;
<br />f~}-the actitra regrrLc+d tts pme smch hreat:h; t3) a date, trot ie~ than 3f# days from the date the notice ~ mas7ed lei Borrower;
<br />try whkh sac;+ breach mist be ewrd; std Q4) 2heYJ€ar7nre to t2s'e sseh treaeh es ~_6efore thr its apeiC~ied Iai tLe: notice
<br />may. rrcaH 9 acseler~rion o~tltr est=u seemed by this ttfnrtgage, fercek~rt try )atlki~ a~ ash of ttu ~:
<br />'Yhe utrtice shall further infazttr lSorrowr:r of the right to reinstate after acceleration srrd the r3gbt 6a avert ht tlx foreriosurs
<br />- proceeding the ttvtt=txtsteace of a default a any. other def.nse of tforrovrerte -ate foreclaayn`c.--If the bitach
<br />is not voted on or before the date sgxc~ed is fhe notice. Leader at Lendzr's trptioir-stay ttaclprc aN of ffie assts secured by
<br />iir~ hlcrrlgage to he irnmedi>gtiy doe tine payaGte ++inc~uf further dernvnd and cagy foret: fEy y`udictal,. @aos I:ender
<br />_ - ~3l bt eflt,Slei 1a calico!-~ art>:h-_a~ exyertse+ ut fomir`surc, itieludlt~,--twf: ant t'rtnifed to, ette#s-of documentary
<br />eai'°.V t'e, aEatrttt:ta aed ltfte repertr,
<br />IF. 1Sorrasret°p RBgit ~ lie. Notwithsfatni;ng Lender's acceleration o€ -the sutras secured by this Mortgage.
<br />Borttawer shall have thz-tight tp have any proceedings. tregun by Leader to enforce this Mortgage discontinued at any time
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