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<br />Lender"s uaritten ag+-cement or app]uc':able tl+tw. Bc'rmvr,wer shall pay d'h~ amcunq ;art apV rr:w'ortgagr insurrancv premiuatas in tNre
<br />m;u,tner prrvided under paragraph ~ hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with inxrest thereon. si,all became additional
<br />indebtedness of Borrower secured by this '_4lortgage. Unless $arrewer and :.ender agree zo other tetrns of payment. such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest fmm the
<br />date of disbursement at the rate payable from time to time on outs=.andmg principal under the Note unless payment of
<br />interest at such rate would be contrary ro applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />f3. Iospectiou. Lender may make or cause to be made reasonable entries upon and inspections of the Froperty, provided
<br />that Lender shall give Borrower notice nrior to any such inspection specifying reasonable cause theretor rotated to Lender's
<br />interest in the Property.
<br />9. Condemnatiou. 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, o; 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 [his Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Rortgage 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 oilers 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 Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />ur postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender [o 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 requires to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by ibis Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />1 f. Forbearance 6y Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, 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 maturiry of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. Ail remedies provided ir, this Mortgage are distinct and cumt+lative 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. Succeswrs and Assigns Bound; joint and Several LiabiBty; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure t0. the respective successors and assigns of Lender and Borrower,
<br />subject [o the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shalt be joint and several.
<br />'ilte captions and headings of the paragraphs of this Mortgage are for conven9ence 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 nctice to
<br />Borrower provided for in this Mortgage shall be given 6y 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 nctice 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 shalt be deemed to have been given to Borrower or I-ender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severabflity. This form of mortgage combines 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 la'ated. in the
<br />event that any prevision er clause of this Mortgage or the Note confiiicts with applicable taw, such conflict shall not affect
<br />ether provisions of this Mortgage or the ;Vote 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 />i6. Borrower'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. Transfer 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 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 sate ar 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 nn the sums secured by this Mortgage shall be a[ 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 wrtten 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 mail Borrower notice cf 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. [f Borrower fails to pay such sums prior to the expirntion of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Note-Urrtvnaht CovexxNrs. Borrower and Lender Further covenant and agree as follows:
<br />I8. Accekratioa; Remedies. IEtcttpt as provided is psragroph 17 hereof, upon Borrower's breach of aoy covenant or
<br />agreement of Borrower in thm Mortgage, including the covenants to pay when due any sums secured by this Mortgage,
<br />Leader prior to acceeration shall maU notice to Borrower as provided in paragnph l4 hereof specifying: (1} fhe breach;
<br />(2) the aaYbo requited to core such breach; (3) a date, not Leas than 30 days from the date the notice is meikd to Borrower,
<br />by ~vMch such breach must be cared; and (4} that failure to cure snch breach o0 or Ixfore the date specified in the notice
<br />may reauk la accderatiou of the cams secured by this Mortgage, foreclosure by judicial proceeding sad sak of the Property.
<br />The notice sfaaB farther inform Borrower of the Tighe to reinstate after acceleration and the right to assert in ttre foreclosure
<br />proceeding the rroa~exi~tace of a default or any other deferrse of Borrower to secekration acrd foreclosure. If the breach
<br />k not cured on or before the date specified in the ootfce, Lender at Lender's option may declare aU of the sums secured by
<br />this Mortgage to be tmmediatety due and payable without further demand and may foreclose by judicial proceeding. Lender
<br />shag be entitled to colteM in snch proceedirrg alt capenses of forccMsure, includirg, but not limited to, casts of documentary
<br />evidence, sbstracfs and title reporta~
<br />19. Borrower's Right to Rdastate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the eight to have any proceedings begun by bender [o enforce this Mortgage discontinued at any time
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