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<br />Lender's written 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 to Borrower requesting pavment 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 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 />any action hereunder.
<br />8. faspecfion. Lender may make or cause to be made rezsonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to ,:ny such inspection specifiying reasonable 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 />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 even[ 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 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 Borcower 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 tht
<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 Z hereof or change the amount of
<br />such installments.
<br />10. Borrower Not 3tekased. Extensi.,n of the time for pavment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in intrrest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Under shall not be required to wmmence
<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 />il. Forbearaatt by Lender Not s Waiver. Am• forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waive; of or preclude the exercise of any such right or remedy.
<br />The procurement of itisitrance or the payment of taxes or other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate [he maturity of the indebtedness secured by this Mortgage.
<br />li Reasedks CumahNve. All remedies provided in this Mortgage are distinct and cumulative m any other right or
<br />remedy utidtr this Mortgage or afforded by law or equih•, and may be exercised concurrently, independently or successively.
<br />13. Sxcessors anti Assigns lioead; Joint and Several f.eab$ity; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 1 i hereof. Ali covenanu 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 />I!. Notice. Except for any notice required under applicable law to be given in another manner, (a) env notice to
<br />Harrower provided for in this Mortgage shad 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 notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail, realm .-:ceipt requested, to Lender's address stated herein or to
<br />such other at:dress as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have bcen given to Borrower or Lender when given in the manner designated herein.
<br />f5. Uniform Mortgagr, Governing Law; Severabliity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with Iimited variations by jurisdiction to constitute a uniform security instrument covering
<br />neat propem•. This 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 conflicts with applicable law, such conflict shall not affect
<br />other grovisions of 4his Mortgage or the Nate which can be given effect without the conflicting provision. and to this
<br />erid [he provisions of the Mortgage and the Note are declared to be severable.
<br />lb. 1orrower's Copy. ~t•t•J-,ver shall be furnished a conformed copy of the Note and of this Morgage at the time
<br />of exectrtion or after recordation hereof.
<br />17. Tnmfer of the Property; Assamptioa. If all or any part of the Property er an interest therein is sold err 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 (dl the grant of any leasehold interest of three years or less
<br />not coatainixrg an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />imttxdiately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person [o whom the Property is to be sold or transferced reach agreement in writing that the credit of such person
<br />is satisfaciary w Lender and that the interest payable on the sums secured 6y this Mortgage shall be at such rate as Lender
<br />she!! regt~ If Ltmder has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
<br />intertxt has executed a written assumption agreement accepted in writing 6y Lender. Lender shalt release Borrower from all
<br />obligations user this Mortgage and the Note.
<br />If Lender exercises stint option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notitt shall provide a period of not lass than 30 days from the date the notice i~ mat7ed within
<br />which Borrower may pay the sums declared due. 1f Borrower fails to pay wch sums prior to the expiration of such period,
<br />Leatkr may, withatrt further notice or demand an Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nort-UrrltroRn+i CtYVt:r+,+xrs. Borraver and Lender further covenant and agree as follows:
<br />18. Ate; p..,.~_ Fscegt as provided fa pa:t~raph 17 hermf, upon 1orrower's breach of say covenant ar
<br />a of Ilormwer (a this Mort~e, Iadt~ the aroveaaats to pay when doe any snrtts secured by this Mortgage,
<br />Loader pt3atr to acc~stioa dullf etaB aotke to Borrower ere provided le pans8reph 14 hereof apecifyiag: (1) the breach;
<br />(17 fie aetoa tamed M ease atach br~6; (3) a dale, ao1 leas rhea 38 flays from the date the notice is mailed to Borrower,
<br />Try ahiti s®rh brtarb rot >k tasretk acrd (4) that hilore to cme each breach oa m before the date specified is the notce
<br />tuty swdt is aecdettrtBea of fix tattoo scented by rhos MoAPBe, forecitawre by ladic4N proaYaeditsg sad sale of the Property.
<br />The aolite t3ai fosther bdorm Borrower of file riElet to rebestate after acceleration and the ristit fo asseR is the forechtsare
<br />psaee~ tee aoa-e>EL~teaee d s dNaalt err aay-other tkfesree of Borrower to accekratioa aced foeeclosute. If the breach
<br />is ant smell oa err before ~ date Toe the eoHr4 Leerier at Leader's optbe may declare a0 of the suers scented by
<br />~ Mottpsge ba be y due asd paytehle wlthoat further demand and nay foreclose by jndkisl proceedtaig. Lender
<br />sbaN fie erttg8ed !a celkN M rods psocssdiag atl ercpeaees of foreclosum, iarluding, brit rot limited to, costs of documentary
<br />eeidmee, ahstssrb aed tkie repnrb.
<br />19. Dotmwda 13i~t to Reiedak. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Hottawer shall have the tight to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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