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<br />79-- U[-4~9$
<br />Lender's written agreement or applicable law. Borsower 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 ferrets 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 Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shad 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. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lendei s
<br />interest in the Property.
<br />4. Coetlemostion. 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 />wish the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agrse 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 ro the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abattdoned 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 res~nd to Lender within 30 davs 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 6y this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />os postpone the due date of the monthly installments referred to in paragraphs ]and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not BeleasdL Extension of the time for navment or modification of amortization of the sums secured
<br />by Phis Mortgage granted by Lender to any successor in interest of Borrower shall not operate to releaze, in any manner,
<br />the liability of the original Bersower 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 Borrower's successors in interest.
<br />IL Fon'bearsmce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise a$arded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurcmemt of insurance or the payment of taxes or ether liens or charges by bender shalt not be a waiver of Lender's
<br />tight to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12 IReraedies C~malative. All remedies provided in this Mortgage ate distinct and cumulative to any outer right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successivety.
<br />13. Saeeeasoes and Aasjgns Boand; Joint attd Several LiabiBty; Captions. The covenants and agreements herein
<br />contained shaft bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to tl;e provisions of paragraph 17 hereof. Ail rnvenants and agreements of Borrower shall be joint and several.
<br />Ttte captieonss and Imedings of the paragraphs of this Mortgage are far conveniettce only and are not to be used to
<br />interpret or defice the provisions hereof.
<br />!4. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />BOrsowror provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower a[
<br />the Property Address or at such other address az Borrower may designate by notice to Lender as provided herein, and
<br />(b} sop rmtice to Lettder shall be given by certified mail, return receipt repuested. to Lenders address stated herein or to
<br />such other address as Linder may designate by notice to Borrower az provided herein. Any r_otice provided for in this
<br />Mcutgage shall be de.,,med to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Unborn Mortgage; Goveroisag Law; Severabltdy. This form of mortgage rnmbines unifar m covenants for national
<br />ttse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument coveting
<br />flat property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn the
<br />event that any provision or clause of this Mortgage ar the Note conflicts with applicable law, such conflict shall not affect
<br />outer provisions of this Mortgage of the Note which can be given effect without the conflicting provision, and [o this
<br />end tlse provisions of the Mortgage and tlx Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage a[ tht time
<br />of executiat or after tecotdation hereof.
<br />17. 'Itaasfet o[ the 11'rope:ty; Assn®ptioa If all or any part of the Property or an intctrst therein is sold or transferred
<br />by Borrower without Lender's prior written mmsent, excluding (a] the creation of a lien or eacumbrartce subordinate [o
<br />[his Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer 6y devise,
<br />descent ar by operation of law upon tht death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not eonta®ng an optiors to pvtchsse, Lender may, at Lender s option, declare all the sums secured by this Mortgage to be
<br />immediatey due and payable. Corder shall Crave waived such option to accelerate if, prior to the sale or transfer, Leer
<br />and t)x persart to whom the Property is to be sold or transferred mach agrcemeni in writing that the credit of such person
<br />is sstisfrtciary to Lender and that ttte interest payable on tbe sums sfxured by this Mortgage shall be ar such rate az Lender
<br />strap tegtxat. If Leader has waked ttte option to aceelerate provided in this paragraph 17, and if Borrower's strccescor in
<br />iatQnt has ezecrr[ed a written assumption agreement aceepted in writing by Ixnder, Lender shall release Borrower from all
<br />o6iigatioos under this Mortgage and the Notc.
<br />]f Lender exercises such option to accelerate, Lender st:aI! mail Borrower motice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of net less than 30 days from the date the notice is mailed within
<br />whiff Borrower may pay the sums declared due. If Borrower fails to pay such sums prier to the expiration of such period,
<br />L~ cony, witlraut further rrotice ar demand on Borrower, invoke any rt:medies permitted by paragraph I8 hereof.
<br />Nor[-Utttt~we3t Covexaatrs. Botmwer and Lender furtb~r covenant and agrce as follows:
<br />2g. Aaeitaalio~ Bs~. Esapt as provided ie paragraph 17 hereof, ~ Borrower's breach of nay covemef or
<br />of lonoaer to tldr hlotlfstRe, the mveaaag to psy when doe .ay saw seemed by this A4ortgage,
<br />I.esier poor b aeakratlos that tsa0 notice to Borrower as pmrided is paragraph Id hereof specifying: (1) the breach;
<br />(7a Ehe attics ~ to ciao saclr hrraeh; (3) a dale, not tea thni 30 days from tbt date the notice is ma9cd to Borrower,
<br />by rrT,kh >tach hrearch ratrt tae ene$ sad (4) Bat faliure to care sw:h breach os or 6eforc the date specked io tbs aotke
<br />mtly raessdt d acederatios of the eases aecse+d by ~ itlortgaee, foreclosure by jedicial prod and sale of the Property.
<br />The tsetiee shag [other fderrs Bay of the ~ to rtia~e alter aeeeleratiioa and the right to aster[ in the foreclosure
<br />preeeoies ie aaa-esf~eee ag: deErmitt er >ny othu defere of Borrower ~ tecelention amt foreclosure. H the btrarh
<br />i>,ot eared a ar trrfma ~ date specified is the settee, Lender at Ltts option nay declare ad of ~e same secured by
<br />fie I+6srtpge to be i®etBatdy doe ad pgahle witho~ tarther demsnd sad may foreclose by jadkW Proceeding. Leader
<br />shag be eadl0ai to ceBeet is weY protYedyg sg e:pemes of foreclosure, incta~Og, bet not timhed to, eons of documentary
<br />eeiieate, sbralraret sad tMe reportr.
<br />19. Borrowerk to Belertast. Notwithstanding Lender's acceleration of the sums seeu:ed by this Mortgage,
<br />Borrower abeB have the right to haul amy proceedings begun by Lender to enforce this Mortgage discontinued at any time
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