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Lender's wrtten agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided 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 Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender io 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 a[ such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />~ permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />~ anp action hereunder.
<br />~.r 8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />C4 that Lander shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />~ interest in the Property.
<br />~ ~. Coademastion. The proceeds of any award or claim fc: 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 />_ an5i ehull Iw ngvr r.. r --~--
<br />~ In the event of a total taking of the Property, the proceeds shall tx applied ?o 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 b}' 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 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 [his 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 I and 2 hereof or change the amount of
<br />such installments.
<br />18. Borrower Not Rdeaaed. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortea_¢e ¢ranted by Lender to env 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 />groccedings 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 />iS. Farbearaaee by Lender Not a Wdver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />oilterwise afford by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pro;.uremtnt of insurance or the pa}~rtent of taxes or other liens or charges by Lender shall not be a waiver of Lender s
<br />tight to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />32. Re>aedfes G~mal~ie. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy untkr this Mortgage or afforded by law or equitc. and may be exercised rnncurrently, independently or successively.
<br />13. Saceessors and Asdgas hosed: Joint aad ~vrral iaabr'Hty; Captlptss. "the covenants and agreemenu herein
<br />containd shag bit[d, aad the righu hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. ,411 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 or define the provisions hereof.
<br />li. Notice Except for any notice requited under applicable law to be given in anolhcr manner. (a) any notice to
<br />Borrower ptcvidt:d fo: 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 nvrice to Lender as provided herein, and
<br />(b) lay notitx to Lender shag be given by certified mail, return receipt requested. to Lenders address stated herein or to
<br />such mlrer 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 />13. Usbe~rm Moetbgr Governing law; $everibblty. This form of mortgage combines uniform covenants for national
<br />ust and new-uniform covenants with limited variations by jurisdiction io corrsiitute a uniform security instrument rnvering
<br />teal property. Tfiis 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 rnnflicts with applicabk law, such conflict shalt not affect
<br />o*~ ptovi~..itms of !his I~£or*9ags or the No±e which cxn be given effect without the conflicting provision, and to this
<br />end the provisiora of tfit Mortgage and the Note are declared to be severable.
<br />lb, boreowe~a Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the tittu
<br />of execution or after t~ordation hereof.
<br />Y7. Traes[er or tie Przrpaty; Assearption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written comment, excluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, fb) the creation of a purchase money security interest for household appliances, (c) a transfer by devise.
<br />deaomt or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or less
<br />not corNaiaiag an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />itamediasely due and payable. Lender shall have waived such option to accekratc if, prior to the sale or transfer, Lender
<br />and the penoo to whom the Prc+perty is [o be sold or transferred reach agreement in writing that. the credit of such person
<br />is aatisfactoty to Lender and than the interest payable on the sums secured by this Mortgage shelf be at such rate as Lander
<br />shall tegrsest_ tf Leader has waived the option to accekratc provided in this paragraph 17, and if Borrower's successor in
<br />itrfLtcat hs executed a written asstmiptiem agreemrnt accepted in w-riling by Lender. Lender shag release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />Yf Leader exercises such option to aceerate, Lender shall mail Borrower notice of actticration in accordance with
<br />paat$ra~r S4 hereof. Shrch notice shall provide a period of not less than 30 days from the date fire 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 />I.2naer may, without further notice or demand on Borrower, invoke any rtmedies permitted by paragraph Ig hereof.
<br />Now-Uxti>~w CoveatAxta. Borrower and Lender furtlfer covenant and agree as follows:
<br />IE.~, A+Haedis. Irsee}t arc prnviied ~ paragraph 17 bereor, ~ borrs[ver'a br~reb of any roveaast or
<br />apaeaent a! ) i ®Hrr MaA~t, iadadi,g the eevenants to pay whoa doe soy sums secased by thb Martpge,
<br />I.e'dar >N~ to a abap >wY notice ~ berronrer ac provided is pargraph 14 het>oe[ speciryfa`: (1) the brcuh;
<br />(~ cite aedw reyr4d to t~ web tench; (3) a ante, not leas tlm 30 days frogs the date the eotke b mailed to borrower,
<br />iy w3kb writ laeaeb suet be caret; wd (4) tbd raters to ears ssd- brwtch o0 or berorc tix date speeFBed ie the notice
<br />asp tarwtt le aiptdeetwon air the ass aecnretl try this Iblorlease, teseelewre by jedkid proecediug and ode of the Property.
<br />'I[ba aiaries shah rirlher lactase bwmrrs d the :Ipbt eta rahndrte rdtcr accelenetioa sad the ~t to atteert is the roreebwre
<br />pweeaittb the owrntiaaace ar a detarlt a< aq other dereaae or borrower to accclerslon wd roreelom,e. " the breaeh
<br />4 wet ewad w av 6etore dre date apedYed to rite atttice, [.ender >R [.ender': option may declana ~ or the cams a: vred by
<br />iirit to ba bea•ed~ ds read payaiie wwn~ tnrther iemaad a~i ebty foreclose by }edicid praeeediot. >A -der
<br />siatb ie eettlilait m eabeet r rwi pasceeF+ag a9 tspeasat or €orerlawrre, fnciadhrs, bat sot limited to. cents of docaseatu;
<br />eirYeaes, sad two tn~poeh.
<br />Y!, barressw'a llidld to Rde~ate. Notwitifstatrding !x~ei s acceleration of the sums secured by this Mortgage,
<br />Botraas~x shall have the right to )rave any ¢rotxedmgs begun by Lender io enforce this Mortgage discontinued at any time
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