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Leader's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under pazagraph 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 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 Nott 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 />w..a 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. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />~/9 interest in the Property.
<br />1 4. Condemnatbn. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />6s condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />i~ 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 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 afar 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 t and 2 hereof or change the amount of
<br />such installments.
<br />18. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Ltndtr to any sst,R ~,r in interest of Ltcrrowtr shalF not o rt>ras^ in a.^.y m_....,...
<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 />il. Por6earaace by Leader Not s Waiver. 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 Lenders
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies C~ulaNve. 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 successivety.
<br />13. Sncceaors sad As~jrs Bound; ]oint and Severs! Liability; Captloss. 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 hereef. All 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 />intecprei or define the provisions hereof.
<br />10. Notltt. Except for any notice requ"rred 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 shag be given by certified mail, return receipt requested, to Lenders address stated herein or to
<br />such other address as Lender may designate by :slice 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 />15. Uniform Mortgage; Goverokg Lsw; Seversbility. This form of mortgage combines uniform covenants for national
<br />use and rton-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the taw 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 affeM
<br />othtr provisions of this Mortgage or the Note which car, be given effect without the conflictin; provision, and to thin
<br />end the provisions of the Mortgage and the A'ote are declared to be severable.
<br />16. Berrowers Copy. Borrower shall be furnished a conformed copy of tha Note and of this Mortgage at the dme
<br />of ezccution or afar recordation hereof.
<br />17. Trader of the Property; Asusamption. If all or any part of the Property or an inters[ therein is sold or transferred
<br />by Harrower without Leader's prior written rnnsent, excluding (a) the crearion of a )ten 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 />root containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due a~ payable. Lender shall bout waived such option to accelerate if, prior to the sale or transfer, Lender
<br />sad the person to whom the Property is to be sold or transferred reach agrcement in writing that the credit of stash person
<br />is ~tisfactory to Lender sad that the interest payable on the sums secured by this Mortgage shaii be at such rate ac Lender
<br />obeli request. If Lrnder has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreemrnt accepted in writing by Lender, Lender shalt release Borrower from all
<br />obligations under this Mortgage and rite 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 shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the soma declared due. If Borrower fails to pay such soma prior to the expiration of such period,
<br />Lrnder may, without further notice or demaml on Borrower, invoke any remedis permitted by paragraph 18 hereof.
<br />Nox-UNmrntM COVerret~rts_ Borrower-and Lender further covenant and agra as follows:
<br />18. ~; Rtmediea, E><cept ss provided is paragraph i7 hereof, upon Borrower's breach of any covenant or
<br />>a it Borrssrtr ~ th(e Mor~ge, ~lnding the mrerrasta to pay whrn doe any wms seemed by this Mrtrigage,
<br />Lenin P~ ~ actekrMion shall ruse notkc to Borrower ae provided is pmgraph 14 hereof spetlfyfsg: (1) the breath;
<br />~ the aetlna regsktd ~ sae sash breach; (3) a date, serf less [ban 30 days from the daft the notice b mailed to Borrower,
<br />b7 w6ieh web bserxh mtst 6e coed; sad (4) that faenrc to crest each breach os or before the date apetl6ed in the aotke
<br />mtq rat in acsderatioa of the earn secured by !hb Morttiage, foredosare by judickl proctedi~ and oak of the Property.
<br />The naNee date lather httorm Borrower of i6e rfghl to reia~e rifer acceleration and the right to assert In the foreclosure
<br />ptocse~{ pre eon-sa~entt of s delsrlt or asy other defense o[ Borrower to acceeration sad foretlosarc. If the 6reac6
<br />ht not ca¢td os es belors the dsk rtptel6ed ie the aotke, Lender rt Leader's optloa may dechve ~ of the soma secured by
<br />thY Morlgtrge to he iamedhtdy doe aed psyabk without fariber demand and may foreclose by jadkial proceeding. Lrnder
<br />t~ bt eetYkd b collect im ant6 protetdiee all txpemar of foxclmare, incladhsg, but sot Braked to, taste of documentary
<br />ovidaeax, trbstraeri sndliHe ropab.
<br />19. Borrowers Rldtt ib Re~We. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall love the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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