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<br />l..ender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />rnanncr provided under paragraph 2 hcreoff.
<br />.Any amoa±~+ts disbursed by Lender pursuant to this paragraph 7, with inacrest thereon, shall become additiornaE
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terrns of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Notc unless pa}nttent of
<br />interest ai such rate would be contrary to applicable law, ih which event such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />g. Insoec on. Fender may make or cause to be made reasonable entries upon and inspections of the Properly, provided
<br />that Londe, shalt give Borrower notice prior to any such inspection specifying 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 Baking 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 caking of the Property. the proceeds shalt he 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 he applied to the sums secured by this Mortgage such proportion of the prxeeds
<br />as is equal to that proporfinn 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 prxeeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice Hv 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 ur t ~ the sums sera.=ed by this Mortgage.
<br />Unless bender and Borrower otherwise agree in writing, any such application of prxeeda to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and ?hereof or change the amount of
<br />such installments.
<br />10. Borrower Noi Released. Extension of thz time for payment or modification of amortization of the sums secured
<br />by this Mort, age granted Hy Lender to am successor in interest of Borrower shai', not operate to release, in any manner,
<br />the liability of the original Borrower and 8orrower's successors in interest. i-ender shall not rte required to commence
<br />prxetdings against such successor or refuse to extend time for payment nr otherscisc modify amortization of the sums
<br />secured b} this Mortgage by reason of any demand made by the original Borrower and Borrower's succes>ors in interest.
<br />I7. Norbtarance by Lender Not a (Velvet. Any fort?earance by 1 ~ndcr in exerising artt• right tar remedy hereunder, or
<br />uiherw•ise afforded by applicable law, shall not be a waiver of or predttde the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of races or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to acttlcrate the maturity of the indtbredne>s secured Hy !hie Mortgage.
<br />12. Remedies Cumulative. All remetiics pmsided it, this Mongagc arc distin.t attd crtmulative to any other riGF.t or
<br />remedy under this Mortgage or afforded by law or eyuih, and mac l?e ecericed cancurrcntiy. independenth• or successively.
<br />t3. 3uceessors and !lssigns Bound; Joint and ~.oral i.iabilit}; Captions, 'Tate revenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure tn, the respective successors and assigns of Lender and Borrower,
<br />subject tc. the provisions of paragraph 17 hereof. All ttn•enams and agreements of Borrower shall be feint and several-
<br />The captions and headings of the paragraph, of this Mortgage arc ft r convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />I4. Notice. Except for flny notice reyuired under appiicahlc iaw to be given in another manner, ia) any notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such nonce by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Bt?rn:wcr ma} dcs:gnate by notice tf? Lender as provided herein, and
<br />(b) any notice to Lender shall he given by certified mail. return. receipt requested. to I ender's address stated herein or to
<br />such other address as Lender .may d,si;rate by retire t.' 13orr,.uer ns pr,~vid~~-t herein. Any notice pre?vid~..l {ter i. t4ix
<br />Mnrtgagc shall tx deemed to have Heen4civcn to Borrower or (-ender when given in the matinee d€signated herein.
<br />ls. Uniform Mortgage; t;avernin~ Lan; Severahlli!}- "P.iis f:?r:n ;if mortgage combines unit. rm covcnant±; for earl, na!
<br />use and non-uniform covenants with limited variations h} jurisdicti:x: to tomtiurte a uniform securit} instrument cfneting
<br />;vac prl~.ncPiy- cols rti~nrtg.,gr sHati i,s-. a ~s-rrec-t' b~ the iau e f tits !,e~ri~~iit tis_?r in -whiff i? the Pra?perf~•:3i F~~rate~.. In the
<br />Cv 4nt ihai any plc>vi SlOtl ur Cl arise' OI` thlS`~M or~gage L,r ma ~S,,te i'- lei li t5 ?~-ith applicable law. s«ch tioniltct chsli n,j 8tfe~t
<br />Ether ;^,ri?5.=. utt5 of tl:t5 .. rtgab~ :., .. - N.tte- ~..~ -: rail F~ i;ivcr e3lcc ..nett;*i,i the c: nflict;Fr c•o i.vn. atsd ,c .his
<br />.,nd the • ..~, ills .°f r. .~origa .-.~ ., .. ~ t g p~
<br />- -- ~~ a-- - - c dt tired t~= Ix- ~,°~F~^l~.
<br />Iiy.~Barrower's Copy. Borrower shall hc,furnished a c~~nformed cool :,f ;hc Nntr and c,f this Mnrreagr ar the t~rrte
<br />of e~ecuiior, ar after rccoedatinn Hereof.
<br />1^,. Transfer of the Property; Assumption. It zll or any part of the Proper!}' or an interest therein is sold or Iransferr.t
<br />by Borrower withou! 1-ender's prior written consent. excluding (ai the creation of a hen or e«c«mhrance eutx?rdin+tr f:~
<br />this Mortgage, (h) the creation of a purchase money ,ecurity mterest Cot hfnrsrhuld applranccs- icl a transfer by devise.
<br />descent or by operation of law upon the dealt? of a lour( tenant or (tU the grunt of env leasehold interest of three years ar less
<br />not containing an option to purchase. Lender may. at Lender's option. draarr alt the soma secured by this Aiortgage ky he
<br />immediate(} due and pay;,bic. I-ender shall have waived xfch npnon to accelerate if, prior rt, the sate or transfer- Lender
<br />and the oerson to whom the Property i+ ts? be sold tar transferred r~.ach agreement in writing that the credit of such ,:.rs:~^.
<br />is satisfacWry tr-? Lender curd that the interest payable on the si,m+ secured by this Mortgage shall t+t at st?;•h rate as Lender
<br />shalt request. If f-ender has waived the optio« to ac celcrate provided in this paragraph 17, and if Borr.~xer`~ sacs Besot in
<br />interest has executed a wriuert assumption agreement accepted in writing by Lender, Lender shall release Ror+ower from all
<br />obligations under this Mortgage and the Nola.
<br />ff Lender exercises such notion to accelerate, Lender shalt mail @orrower notice of acceleration in alt:?rdancc with
<br />i+aragraph iA hereof. Such notice shall orovidr a period of not I.res than 7(1 bays fr,?nt the date the t,,?rice .. sited within
<br />which Borrower ntav pay the sums deciarefi due, If Borrower faits •o pay s«ch sums prior to the cxpiratiott of~su;h period,
<br />Lender may, without further notice ar demand on Burrower, invoke any remedies permitted by paragraph I K hereof.
<br />Nox-1~N1€OP.M Cove ~,,at4TS. Bi}rrf?Wer find LendeP fur[Hcr et?,`cnant and aE'rea' as ff?Iiows~
<br />IB. Aretleratina; Remedies. Fxernt s~ pnvteted _ rapt. !7 he.e%f, u,~,tt !!.^.,.,-.r.. ~~h ^f ut ~
<br />a~rtemeni of ilftrrower in !hits Fa•IortgaRt, incitiditig the covenants to pays wbxn doe any^sums secured~by this Rtiort>;~e.
<br />Leader prior to acceleration shall mail police to Borrower as provided in paragraph l4 hereof specifying: (1) the brcarh;
<br />(2j the acthra rtgssired to curs' such breach; (3l a date, not less than 3© days fmm the date the uMfce is mailed to Borrower,
<br />by which such breath me>,,t bt cured; and (4} that failure to cure such breach on or More the date specified in the rmtice
<br />may resell in accekration of the earns secured by this Mortgiq;e, foreclosure by judicial proceeding and safe of the Property.
<br />The notice shall ftirthet inform Borr+wer of the right to reinstate after acceleration and the right to assert in the foreclosure
<br />proreedirtg the Han-existence of a default w sap other defense of Borrower to acceleration and fureeloxaore. If the breach
<br />in trot cured oft or before the date speriHed in the notice, Lender at Lender's option may declare all of the sums secured by
<br />fhks Mortgage to 6e immediately due and payable without further demand and may foreclose by judicial proceeding. Lander
<br />shall Pce entitled to avllect is sorb proceeding all expenses of foreclosure, iaeluditt((, bat not limited tn, abets of documentary
<br />evidence, abstracts and tint reports.
<br />i9. Bormwer's Right to Reitrttate. Notwithstanding l..ender's acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have any proceedings begun by Lender [n en farce this Mortgage discontinued at any time
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