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<br />~9- UZS81
<br />Lender".s written agreement or applicable law. Borrower shall pay tbe aaurunt of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />-Any amounts disbursed by Lender pursuant to this paragraph 1, 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 the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permiastble tender applicable law. Nothing contained in this paragraph 7 shall require Lender [o incur any expense of take
<br />any action hereuacks.
<br />& Inspection, 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 to any such inspection specifying rasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. 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 hereby assigned
<br />and shall be paid to Lender.
<br />7n 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, artless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal !o that proportion which the amount of the sums secured by this Mortgage immediately prior to the data of
<br />taking bears to the fair mazket 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 to Lender 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 Lander and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone tfie due date of the monthly installments referred to in paragraphs I and Z hereof or change the amount of
<br />such installments.
<br />1Q. 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 and Borrower's successors in interest. Lender shall 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 Borrowers successors in interest.
<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 by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies CemWakve. All remedies provided in this Mortgage are distinct and cumulative to arty other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently or successively.
<br />13. Sueceasors and Asaigrts Bound; Joint and Sey~enl I.iabikty; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inurt 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 headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret nr define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable taw to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice 6y 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 />(bj any notice to Lender shall be 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 />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severabkity. This form of mortgage combines uniform covenants for national
<br />use and son-uniform covenants with limited variations by jurisdiction to constiatte a uniform security instrument covering
<br />real property. This Mortgage shall be governed 6y the !aw 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 affeM
<br />oU'tei' provisions of this Mortgage or the Note which can be given effect without the conflicting provis'son, and to this
<br />end the provisiots of the Mortgage and the Note are declared io be severab}e.
<br />16. 1orrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Tnmfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance 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 tenor.: or (d) the grant of any leasehold interest of three years 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 />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 parson
<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 Lander has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mat! Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such 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 />Lende may, without further notice ar demand on Borrower, invoke any remedies permitted 6y paragraph 18 hermf.
<br />Note-Urtt>aoat t Coverrertts. Borrower and Lender further covenant and agree as follows:
<br />18. Aecdentloa; Remakes. Except ~ proved in paragraph 17 hereof, upon Borrower's breach of soy covenant or
<br />agreement of Borrower in thta Motfgt~e, iaclndt~ the covetants to pay wben due any earns accored by ibis Motigaae,
<br />fender prbr b necekrati~ ehak-mall notice to Borrower u provided in paragraph 14 hereof specifyirg: (1) the breach;
<br />(2) tAe scHnn rsgaired to cum each breach; (3) a date, not less tbsn 30 days from fire date the uotice Fs mailed to Borrower,
<br />by wbleb trash l~reae6 mt®t be cared; and (4) tbat fa0arc to cure sock bratch on or before the date speckled in the notke
<br />may. cask k sccderatlon of the sores secured by this. MorteaSe, torecbsure by jodkisl proceeding and sale of the Property.
<br />'I~ notice shit bother brform Borrower of Het right to reinstate after acceleration acrd the right fo assert is Nte foreclosure
<br />Proeadirq the -tsga~ealsteuice of a detpelt or aey other defense of Borrower to acceleration and foncbsnrc. R the breach
<br />is qot cored on or before the date apeci8ed is the aotke, Lemke at Lender's option may declare ale of the sums secured by
<br />tbir Mort~q to be Fmmed{fteiy d~ amt Pwy>~ without farther demartd and may foreclose by judicial proceeding. Lender
<br />aMB be entitled to cotk+ct to such, proceeding ale expeipea of forecloaare, ineludhrg, brit trot kttdted to, costs of daeumeutaty
<br />evhiaece, atrstracta a~ tkk eports:
<br />19. >torrower°s fti~ht b Reiwttata .Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have thdright to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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