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Lender's written agreement or applicable law. Borrower sha71 gay 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, sha[I became 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 bender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of disbursement at the rata 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 />Rj permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />~ any action hereunder.
<br />C't 8. itrsltecHon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />,may that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender s
<br />in'erest in the Property.
<br />~ 9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />~t condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />1 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 />f~ with the excess, if any, paid to Borzower. 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 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 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 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Nat 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 Borrowers 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 st:ms
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a R'alver. 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 lay this Mortgage.
<br />12. Remedies C®ubtlive. Ali 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. Sscces9on aml Assigtrs Bound; joint and Several Liability; 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. Alt covenams and agreements of Borcower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage ate for convenience only and are not to be used to
<br />rnterprer or define the provisions hereof.
<br />14. Notke. Bxcept 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 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, 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 pmvided for in this
<br />Mortgage shall be deemed to have 1>cen given to Borrower ar Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; SeverabBity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited va.iations by jurisdiction to constitute a uniform security instrument covering
<br />teat property. 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 />outer provisions of this Mortgage or the Note which tan be given effect without the conflicting provision, attd to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Borrowefs Copy. Borrower shalt be furnished a conformed copy of the Note and of [iris Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Tnmfer of fhe 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 />dtxcettt or by operation of law upon the death of a joint tenant or fd) 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 wld or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Le:xler
<br />shalt request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers 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 mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shalt provide a period of not less than 30 days from the date the notice is mat7ed within
<br />which Hormwer may pay the sums declared title. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Leader map, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1$ hereof.
<br />Nox-Uxtroat+t CovENexrs. Borzower and Lender further covenant and agree as follows:
<br />18. Accderatlon; Reatedle:. Except as provided /a paragraph 11 hereof, upon Borrower's breach of any covenant or
<br />> ~ Itlorrewer h, this Mortgage, facludiag the covtaaata to pay when doe nay snms secnred by this Mortgage,
<br />Lasder prior ttr acct shag r~ rtotlce m Borrower as provided ie paragraph 14 hereof specdyiug: (1) the breach:
<br />(2) the actbs rga4ed b cam swci breach; (3) a date, not leas than 30 days from /be date the notice is mailed to Borrower,
<br />by wld~eb sscit 6eeae6 mast be erred; and (4) that faihrre to cure sne6 breach os or before the date specified in the twtlce
<br />may retttlt Lt accderadaa of the gnats aerated by this Mortgage, foredontrt 6y )tedicial proceeding gad sate of the Property.
<br />23e salter shag faker ~ferm BoROt-er of the right to relttsfafe after aecelerafbn std the right to assert in the torechrsare
<br />praeeed®g Bra nos-ezi~saee of • tlefardi or any alher defense of Borrower to aceekraffoa and foreclosure. TI the breach
<br />k sat ctrei oa or before the doh ht rho notice, Leader at Leader's option tray derlarc aB of the sums scented by
<br />Alt MaAptge fa be immedia&1y tint a~ payabk without farther demand gad may forechtee by ;adtcisl praeedhtg. Lender
<br />aYrtB be entitled fo eoBed fe each proceedir^~; tdl expeoxs of foreclosure, hretuding, bat not Broiled to, costs of documentary
<br />eviieeeq sbwacb asd tide rrpotia.
<br />39. Barrowart's Hfght to Rdathta Notwithstanding Leer's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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