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Lender"s written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance prcmittms in the
<br />manner pt'avided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of ":orrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shat! be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the tale payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be cantrary• 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 shaft require Lender to incur any expense ar take
<br />any action herennder.
<br />g. ttaspecfian. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />07 that Lender shall give Borrower noiice prier to any such inspection specifying reasonable cease therefor related to Lender's
<br />(~ interest in tie Fropery.
<br />9. Candemaation. 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 fatal 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 sha)1 be applied to the sums secured by this Mortgage such oroportion of the proceeds
<br />as is equal fa that proportion which the amount of the sums secured by this Mortgage immedi>tely 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 [o 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 ar to ehe sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shatl not eztcnd
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount c+f
<br />such installments.
<br />10. Borrower Nat Rd*Ieased. 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 Bottower shall not operate to release, in any manner,
<br />the liability of *.he original Borrower and Borrower's successors in interest. Lender shad not fie required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortisation of the sums
<br />secured by this Mortgage by reason of any demand madLe., by the original Borrower and Borrowers successors in interest.
<br />Y 1 iE~~~..o~a ~« yf tie, dc°r Aivi ~ ~ai+°cr. FaiKaran~c ~ i.cndei in c r~l~ rig G ri~~i~ ~~ ~ ~1 un
<br />otherwise afforded by applicable lawAshall not here waiver of or preclude the exerciselof anyVsuch~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 [he indebtedness secured by this Mortgage.
<br />13. Remedies Cnmulatfve. A11 remedies provided in this Mortgage are distinct and cumulative ro any other right er
<br />remedy tender this Mortgage or afforded by law ar equity, and may be exercised concurrently. independently or successively.
<br />I3. S€ucessars and Assigns Bound: Inlet and Several I.ialn7ity; Csptloas. 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 />sub~cE to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />"The eapiions and headings of the paragraphs of this Mortgage era for convenience only and are nai to he used to
<br />interpret or define the provisions hereof.
<br />Y4. Noilt:r. Except far any notice required under applicable law to fie given in another manner, (a) any notice M
<br />8ottower provided far 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 she!! be given 6y certified mail, return receipt requested, to Lender's address stated herein or to
<br />such ether address as Lender may designate by notice to Borrower as provided herein. Any notice provided far in this
<br />"Iortgage shall be dcemed to have been given to Borrower ar Lender when given in the manner designated herein.
<br />ig. in~tortta fslaritage; :overnirag l,aw; SeverahLttty. iitis form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to eanstimte a uniform. security instrument covering
<br />rral nr~mnv_ Thic R~inrtc.a~r shall Fw o_. naca by sfw taw t.£ rho i r;~ii~.einn i .vh:yh the I=ra ,K.r ~ twgta„t 7 ~ ehe
<br />-- ___- - kwi,..
<br />cs~rti that any pn~viskzn kr clause c±f this,Martgage or the Nate conflictgs with applicable law, such :.c±nflict shal'l~~n"~yyot affect
<br />Ciher v ravttiiin5 of Ihts lt.:artxiu2i: ar ih{' ;:Ole "ei iiieli ::ail be 51Yen effect wil hLrilt ttic 4lSnllt4'ttn~ nr{}vt}iln, atd44 tV 4t1ts
<br />end flee provisions of the ltifnrtgaae and the Nate are declared to be sevcrah)e,
<br />Io. Batsawers Cap*. Borrower shad be furnished a caniormed rnpy of tfie Note and of this Mortgage at the time
<br />of exesutir:rl c,= attar r~°ce*rdatian h'rcc*f.
<br />T7, "I'ratrefer of the I'roptrty: Attsumption. If all or any parr of the Property nr an interest therein is said or transferred
<br />by Harrower xithaut Lender's prior w°ritten consent, excluding (u) the creation of a lien or encumbrabce subontinate to
<br />this Mortgage, (h) the creetion of a purchase money security interest for household appliances, {c) a trstnsfer by devise,
<br />descen± or by axeration {,t law upon the death of a joint tenant or loll the grant of any leasehokd interest of three years ar less
<br />net containing an option s_~ purchase, Letsder may, at Lender's option, declare all the stems secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the safe i.r Frartsfer. Lender
<br />and the pers~tt to whom the Protxrty is to be sold ar transferred reach agreement in writing that the crceiit of such ptrson
<br />is satisfaeso.,• to "sander and that tt^^~ interest payable an the. sums srcttsed h}° this Mortgage shall be at such ra€e as Lender
<br />shall request. if Lender has waived the option ta accelerate provided in this iaragraph 17, and if Battawer's su~:ecssor in
<br />interest has executed a rvrittett assumption agreement accepted in writing by Lender, L_onder shall relea;r Borrrver from a)1
<br />ob3igations under this Mortgage and the More.
<br />if Lender extrsises such option to accelerate, Lender shah mail Borrower native of acceleration in accordance with
<br />paragraph 13 hereof. Such notice shall provide a period of vot less than 30 days from the date the tattier is mailed within
<br />which Borrower may pay the sores dc:clarcd dtlc. It Borrower tails ro pay sttch stems prier to the expiration of such peeled,
<br />Lender may, without furi'ser noucc or demand en Harrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nort-Uxttroaht Cover!~Nrs. Borrower and Lender further covenant and agrc~ as fellows:
<br />iB. areeixratlon; igen:edlrs. bscept ~ prarlded in paragraph 27 hereof, up_ an Borracvrr's breae6 of any cavanant or
<br />~ ~-:neat o! iesrr^Wa Ia t ~±s:,;a,~a, iarlud3~ t~ rrreaauza to pay sv:,ea ~'ue ary ss~ srzr:.~ by t~ Mar~$~e,
<br />Lender pNor i3 aecekratian stroll mall uatiee to $drrotAer as provided in paragraph id herecd xpecifyirtg: (ly the baYarht
<br />;2) the action re~uirad to once such hreaeht f3) A date, not ~ than 3tt days Pram the date the aatlre ~ maBed to Borravrer,
<br />by rr`aicit such bresuh must fie cured; aad fdI t1~tN €p$ure to cure web breach o0 or before ibe dots sp~itied in the notice
<br />rngy resell in acceeration of the sums secured by the MortgsRe, [amhasnre by judcial proceeding and sak o[ the Property.
<br />`1`~ erne shalt te#'ther iotm ~-raa=er of the right to eelnst~e otter acceleration a~ the right to asaer9 is ~e tareclosure
<br />ls:oceed~ two nost~ztstenre at a defa~.lt ar eery other decease of Borrower to accekratbn and Earecbsure. It the breach
<br />irs ~ cnettl an ar before the date speclsied is two trotiee, 1[.endcr at letter's option may declare aU of the sums secured by
<br />this Mort`age to be immediately date and payer vrkhortt farther demand and may foreclose by judicial proceeding. I.tuder
<br />shag bs eat#tled to eoBeet to tench pracetdirrg aB eapeases of farectasnre, inciudlrrg, bu! not IImited t0. costs of docnmeatary
<br />evidence, abstracts and tttie reports.
<br />19. Borrower's Right do Refute. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enfo-ce this Mortgage discontinued at any time
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