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<br />Lrnder's written agrezrnt;nt or applicable law, Horrcrwer shall p-,ty tltz amour; oC all mortgage iRi,trrance premiums in the
<br />meaner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant ?o this paragraph 7. with interest thereon. shall become additional
<br />indeb?edness o€ Borrower se~-ured by this Aiortgage. Ualzs-> Boar=+rzr and Lrnber agree to athtr iernts of payment, such
<br />amounts shall be payable upon notice from Lender *.o Borrower requesting payment thereof. and shall bear irteresi from thz
<br />date of disbursement of 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 law, in which event such amounts shag bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Linder to incur any expense or take
<br />any action hereunder.
<br />g. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lander shall give Borrower notice prior to any stFCh inspec?ion specifying reawnable cause therefor related to Lenders
<br />interest in the Property.
<br />9. Coodennation. The proceeds of any award or claim for damages, direct nr consequentiah 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 />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 proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prier to the date of
<br />taking bears to the fair market value of the Property immediately prier to the date of taking, with the balance of the proceeds
<br />paid to Burrower.
<br />If the Property is abandorted 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 faits 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 m 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 refzrred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification oC 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. Forbearaoee hY Lender Not a Wsiver. Any forbearance by Lender in exercising am right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he 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 />ttight to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. 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. Successors and Assigns Boum1; Ioist and Several LiabBity; 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. Ali 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 oat 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 mat! addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by ratite to Lender as provided herein, and
<br />(b) ary notice to Lender shat! be giver, by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such outer address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shaft rte Seemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Govemiag Lsw; Severability. This form of mortgage combines uniform covenants for national
<br />ttse 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 />evert that any provision or clause of ihi<_ Mortgage or the Note conflicts with applicable law, such conflict shall net affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />f~. Sarmwer'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 />t7. Treasfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lendei 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 tenant 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 safe 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 satisfacrory 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 l7, 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 sad the Note.
<br />If Lender exercises such option eo accelerate, Lender shall mail 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 />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph S 8 hereof.
<br />Nort-I)?vtioaat CovEx!,xrs. Borrower and Lender further s;ovenant and agree as follows;
<br />lg. Atceferatiag; Retatedles. Fsccpt ~ provided in par~raph t7 hereof, upon Borrower's brexh of say covtaant ar
<br />asrc~ameat a! <sorrower io this Mor~agc, including the covenants to pay when due any corns secured by this Mortgage,
<br />Leader pttor to ~ctleraHon shatl matt aMke to Borrower as provided in paragraph 14 hereof spscifying: (1) the breach;
<br />(2) t>te action required to cure such iareach; (3) a date, not teas than 34 days: from We date the notice is mailed to Borrower,
<br />by which tech breach mgt be cued; and (4) that failnrc to core such Drench on or 6eforc the date specified in the ratite
<br />rosy recoil hr aecekrat~ of the saran scented by tills Martgagc, foreclosure by jtnfichd proceeding and sak ~ the Property.
<br />The aoNce ~ farther istorm Borrower of the ritAt to reinstate after acceleration and the right to assert in the foreclosure
<br />proctcdisg the non-ezi~aace of a defanll or any other defense of Borrower to acceleration and foreclosure. If the breach
<br />6"oat cored os ar before the date speeldied is ~ oatice, Lender at Leader's aptior may declare all of the str~ secured by
<br />this Mortgage to 6e immediately doe amI payabh without further demand and may foreclose by judicial proceeding. Lender
<br />shag be entitled to called in such proceeding aB expenses of forcclosurc, iactudhtg, but not limited to, costs of documentary
<br />evidence, abwncls and Nile rcpoAS.
<br />1~, P.ttaroear's Righ'. to ;Aai~:atc. N6iwitirsianding Lender's acceleration of ihs sums secured by this ,Liortgage,
<br />Borrower shall have Nte right to Gave any proceedmgs begun by Lender to enforce this Mortgage discontinued at any time
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