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79- ~it~~~`~3
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner gfavided 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 bender 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 the
<br />date of disbursement at the rate payable from lima to time on outstanding pri^cipal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall liar interest at the highest rate
<br />penrsisaible under applicable taw. Nothing contained in this paragraph ?shall require Lender to incur any expense or take
<br />any action hereunder.
<br />fd. Inapeetion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior io any such inspection specifying seasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnatbn. The proceeds of any award or claim far damages, direct or consequential. in connection with any
<br />condemnation or ether taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<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, t:rless Borrower and Lender
<br />otherwise agree in writing, there shat' 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 by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately 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 tc ._ender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect 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, 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 the amount of
<br />such installments.
<br />!0. 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 net operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to rnmmattce
<br />proceedings against such successor or refuse to extend time Far 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 interat.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges hp Lender shall not be a waiver of Lender's
<br />right !o acce[erate the maturity of the indebtedness secured by this Mortgage.
<br />lE: Remedlea Gbmahrlive. All 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. Saceessora and Assigns Brand; ]Dint and Severed LlabBity; Captions. The covenants and agreements herein
<br />rnntained shalt hind, and the rights hereunder shall inure to, the respe;.tive successor; and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall Ix joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the 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 Harrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided heroin, and
<br />ib) any ncuice to Lender ahap fx given by certified mail, return receipt requested, to Lender's 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 />Martgagi shall be deemed to have been given to Borrower ar Lender whin given in the manner designated herein.
<br />1$. Ual[orm Mortgage; GaverniaB Law; SeverabBity. This Form of mortgage combines uniform covenants far national
<br />use and naa-uniform covenants with Limited variations by jurisdiction to eanetitutc a uniform security instrument ~~viriag
<br />tut property. This Mortgage sfali be governed by the law of the jurisdicrioa in which the Property is totaled. in the
<br />event that any provision or clause of this Mnrtgage or the Note conflicts with applicable few, sueft conflict shall not affect
<br />elites provisions of thi3 Mortgage ar the Nt*te which can ~ given effect without the ictiYtg pt~via, and to thh
<br />Dad ths: pravisiatts of the Mo_rtgags a_nd the Nate are desilared to be severable,
<br />1fi. Bwrower'r Copy. Harrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution ar after recordation hereof,
<br />17. Trattater of the Property; Aaaamptlon. If al! or any part of the Property ar an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (al the creation of a 4en or encumhnnce sutx+ntinate to
<br />this Mortgage, fbl the creation of a purchase money security interest for household appliances, (cl a transfer by devise,
<br />cleacent or by operation of law upon chi death of a joint tenant or (dl the grant of any leasehold interest of three yeah 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 />imtnediattly due and payable. Lender shall have waived such option to accelerate if, prior to the sale or traeufer, Lender
<br />and the person to whom the Fraperty is to be raid ar transferred reach agreement in writing thaF ef+e credit of such petsan
<br />is satiafactary to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as header
<br />aha[I regttest. It Londir has waivai the option to accelerate provided in this paragraph 17, and if Borrower`s successor in
<br />intermt bas oxecuted o written assumption agreement accepted in writing by Lender. Lender shall release Harrower from all
<br />obligations under this Mortgage sad the Note.
<br />if Lender exercises sttch option to accelerate. Lettder she!! mail Borrower txuice of acceleration in accordance with
<br />paragraph 14 hereof. Such natiee shall provide a periai a[ not fats than 3o days from tht dato the notice is mailer within
<br />which Harrower may pay the sums declared due. Tf Borrower fails to pay such sums prior to the expiratiat of such period,
<br />Lpntbr may, without furthor notice or demaraii on Borrower, invoke any retrtedies permitted by paragraph 18 horrRf.
<br />Nart.UNttAatts~ ~'ayCNANTS: Horrawer and [utxler further cevenant and agree ss fellows:
<br />1& AiCe1lratiaat Rlasrdlm. iBtrcept as pns*M#ed hr paragraph f7 hereof. apOa Borrowers bracts of say aoreaaat or
<br />sfrnaarent of Borror+x Ia tltia Mart~ase, ineiniiaB the covenanht to pay when doe toy earwr ttstwed by this MaegttRtt.
<br />Leader ptiar to tteceleretios t~ttB stag aotkro ~ Lorrower as pr¢vlitled is prutlgraph 14 spttci[yhtgt (1) the hracht
<br />€if1! the aNbo rerynksd N ettre snail beach: (~) a tltsb. tw- Las than JQ days trots the dMe the tstthce Y milled to Borrower.
<br />by aldc6-ttteeh !Ketch-moot be ae:d f4) t~ fa{tari to care loch brac6 oa or bdore the da6n spui6ed is the aotlei
<br />nuty rawit h aeederaHoa ad the swan sewed by this Maltts4+-. tereclosors h7 ~~ prot:iediag ttad sale of t~ Rroperty,
<br />'llte noUcb s>taB leather hrtecsa Berrosrsr at ~ ~ to reiagate otter rtccilertKioa sad the right to ttwert is the [orerBasure
<br />ptractsaw~ the rtaa•esthtleace of ad~~,ayrlt~or try othu detsaaa of Bocrawar to accekr~Faa sad twecbanro. U the breach
<br />1• ~ Cate as fN' betosa the dMe apacwrtd bl th! aatke. Linder at Lendert Optba easy declare ail of the cams scented by
<br />fblis MortpBa to ha itwatedl~ly daze and ptsyttbb wilhoat briber dearaod sail racy toraclose by ,+udkrW proceednag. Leader
<br />lea etslMsd to aslHect lea ~ ~ sB as;petatea of tsreitoanre, Inclstdhig, bat not IhoMed to, costs of dacamentary
<br />~, abtRrssb t~ t sepas4.
<br />1!. ~$ t to >~ Natsvithatanding Lender's acceleration of the sums secured by this Mortgage,
<br />Hott9wet shall have the right to have any proceedings begun by Leader to enforce this Mortgage discantintted as any time
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