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<br />Lender"s'uvritten agreement or applicable law. Borrow+~sr shFaf3 pa,y the amownt of sill mortgage insurance premiums in the
<br />manner pr'ovided' under paragraph 2 hereof.
<br />Aay atmounts disbursed by Linder pursuant to this paragraph 7, with intcrstt thereon, shhall }r..come additional
<br />in;ieistsdraess of llbrrower secsrrsil by this Mortgage. 1J!nless Barrow+er artd l_srtder a;gtes to other tt:xtgts of payrnm, stxh
<br />at~tounts shall 6Me payable upon notice from Lender to Borower rtwluesting payment tlts;reaf, and shall bear i4;,terest frwn the
<br />lots of disbur~ttient ai the rate payable from time to time on outstattd'mg prit>ripal under the Note rutless payment of
<br />interest at such rats would be contrary to applicable law, in which event such amounts shaft bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall rcauirt :.ender to incur arty expanse or take
<br />say action bereueder.
<br />~. mow:. I.:.ad.^^, ., ay tra~,1^ u;e to be ~^ada . ~b>P Pntries upon and inspections 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 />9. Co~emnatbn. The proceeds of any award or c)aim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or far conveyance in lieu of condemnation, are hereby ass"rgned
<br />and shall be paid to Lender.
<br />In She event of a total taking of the Property, the proceeds shall be applied io 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 artd Lender
<br />otherwise agree in writing, there shalt 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 6y this Mortgage immediately prior iv the date vi
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the baiznce of the proceeds
<br />paid to Borrower.
<br />If the Property is abandotted 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 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply ±he 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, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change t'ne amount of
<br />such installments.
<br />ill. Iorrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted try Lender to any successor in interest of Borrower shall not operate to 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 refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbesraace by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shat! not be a waiver of or prelude the exercise of any arch right or remedy.
<br />'lire procursroent of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />rig61`to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Camalatlve. Atl remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Saeeessors and Assigns Bound; Joint and Several i.iabr7lty; Captions The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />'The captions and readings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interp>et or define tfie provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall 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 this
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Goveraiag Law; Severability. This form of mortgage combittea uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to Ettis
<br />end rite provisions of trie Mortgage and the Note am declared to be severable.
<br />lfr. Borrower's Copv. Harrower shall be furnished a conformed copy of the Note and of *.his Mortgage at rho rims
<br />of execution or after recordation hereof.
<br />17. Tramfer of flee Property; Amremption. If all or any part of the Property or an interest therein is sold or Yransferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrahce subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not rnntaining an option to purchase, Lander 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 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 and 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 17, and if Borrower's successor in
<br />interest has executed a writtep assumption agreement accepted in writing by Lender, Lender shall release Bottower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Sttch notice shall provide a period of not less than 30 days from the date the notice is mailed within
<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 further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Note-UxrFOttns Cov$rtertrs. Bottower and Lender further covenant and agree as follows:
<br />IS. AtMeteratloa; Rems~s. F.zce~ as provided in paragraph 17 hereof, apps Borrower's breach of any coveoaat or
<br />~reemeat of Borrower hr thi Mortgage, including the covenants to pay when doe any soma secured by this Mortgage,
<br />Lender prbr to accekrafioa sbaB mail notce to Borrower as provided in paragraph 14 hereof specifyhrg: (1} fhe breach;
<br />(Zf tie actloa regniebd fo care sash breach; (3} a date, apt lase than 3o days from the dffie dse notice ig mailed to Borreweq
<br />by wlUei akh h ®egt be cared; sad (4} that faHars to cure such breach on or before tfu Bats apecifud ie the notice
<br />~D' resale is srctelerstlam of the auras aecared by fhis Mortgage, foreclosure by jodiclal proccediat; sad sale of the Property.
<br />1'he satlee fsutYer worm Barrawer M ~e r>gltt ~ rebrsgNe after aeceletstioa sad the right Eo smart hs the fomlwere
<br />prey tie eee•exiiteace aP • defanH or any ettser dsh~e of Borrowtr to acceleration asd foreclorort. it fire breach
<br />b amt eared oa or before-tie dste specified la tie aotaee, Leer at Lere~r's opfioa may declare ad o[ the same secured by
<br />lids a to be iausediately. doe sad payable rritbout farllcer demand and may forecleae by judicial proceeding. Lender
<br />ett~ lfc tiled (u ceBecf 6a arch proeesding, alt txpenees of foreclosure, inch:~, trot not limiest! ep, costs of docameatary
<br />errideaes, albatr~ta sell tltk reptt[ts.
<br />I9. l~rows#s to itelasttUc Notwith#anding Les>dsr's acceleration of the sums secured by this Mortgage,
<br />Itorrorver shelf hays the right to have pry protxedings begun by Lender to enforce this Mortgage discontinued at any time
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