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<br />Lender's written agreement or applicable law. Borrower shall pay the .amt>tunt of all mortgage insurance premiums in the
<br />t;tanner pt'ovided under paragrtph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebttdress of Pnrrower secured by this Mortgage. Unless :~orrower and Lender agree to other tertr[s of payment, such
<br />amounts shall be payable upon notice from Lender to Borcower requesting payment thereof. and shalt bear interest from the
<br />daft 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 shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shalt 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 />interest in t',e Property.
<br />9. Condemnation. 'The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, er part thereof, or for conveyance in lieu of condemnation, art hereby assigned
<br />and shaft 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 immediatel}° prior to the date of taking, with the balance of the proceeds
<br />pat`d to Horrawer.
<br />if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower thst 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 E•aend
<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 />10. Borrower Not €iessed. 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 liabilsty of the original $orrower 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 modif}• amortization of the sums
<br />secured by this Murigage by reason of any demand made by the original Borrower and Borrower's successors in irtferest.
<br />tI. Farbtsrsnce by finder Not a t/4'aiver. Any forttearance by [.ender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procure moat 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 by this Aiortgage.
<br />12, Remedies Cnmulatfve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under tins Mortgage or afforded by law or equity, and may be exercised concurrently. indeoendentiy or successivtly.
<br />13. Successors aad Assigns Bound; Joint aad Several i.iability; Captions. "The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph t7 hereof. 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 />interpret or define the provisions hereof.
<br />14, Nonce. Except 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 />__ - , ~~ ~ L:ca=c !.all ~ R .. [.v ,_Prrifwd mail. return receipt reQUested, to Lender's address elated herein or to
<br />such ether address as Lenacr mat•,dcsignate by notice to Borrower as provided herein Any notice provided for in this
<br />hiartgagc shall be deemed m have been given to Borrower or Lender when given in the manner designated hertin.
<br />}3. uniform Mortgage; (;overning Law; Severability. This form uE mortgage combines uniform covenants for national
<br />w i.a rc '- - ~ ~ n:- 3„ i, ~ - by iiii i5dicrti.r, F: t --'tile a :- -- ~ - ifl3Fi ci:,-iciF ~ fvin~
<br />T£al prapcr2pUTfT'hI>i'hii rtgag4 shallt bet gJV tinedai'hY the law pf the jilri3dic;tion in w•hichVthe Property i3 1(R'3ted. `In the
<br />event that any provision nr c:aus^ of this hiortagx..,r the Note cen*;icts with a,^-plisable law. sash contiict sh<Il not adect
<br />other ^ ~..sinns of this Mortxast ~, the Note which ^, bt ;sivtn off :•t withouF !ht conflieFing p,~vision, and te. thin
<br />end the provisions of the Mortgage :2nd the Nate are declared to he severable.
<br />iv. po~ruFer's C`,-svr. Borrower shall Iwo furnished a conformed copy of the i'+ote and of this Mortgage at the time
<br />of execution or after rernrdatinn hereof.
<br />17. Transfer of the Property; Assumplian. If al! ar any part of the Property or an interest therein is sold or transferred
<br />by Borrower without I-cadet's prior written consent. excluding (a) the creation of a lien or encumbrance subcardinat; to
<br />this Mortgage, (h} the creation of a purchase money securit}' interest for household appliances, (c) a transfer by devise.
<br />decent r by operation of law upon the death of a joint tenant or (d) the grant of any Itasehald interest of three years or less
<br />not containing an option ua purchase, Lender map, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and paya4+Ie. Lender shall have waived such option to accelerate if, prior to the sate or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreenttn[ in writing that the credit of such petsntt
<br />is satisfactory to Ixndz;r and that the interest payable an the same secured by this Mortgage shall be at svclr rate as Lender
<br />shall regttcsi. if i.endtr has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Ilarrowcr from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such i+ptian to acctleratt, Lender shall mail $orrower notice of acceleration in accordance with
<br />paragraph 1•t hereof. Such Holier shall provide s period of not less than 30 daps from the date the notice is mailed within
<br />which Bornswtr may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period.
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Pdo*t-U^:tt'oat+: tr'ovus~vrs. Borrower and Lender further cavenal:t and sgrte as to{Iows:
<br />iB. Acte6eratar®; Remedies. czcepi as provided io paragraph i? hereof, upon narrower's itreach of any covcnaat or
<br />agreearent of Borrower is this Mortgage, includirrg the covenants to pay when due any sums secured Dy 16b (1lortgage,
<br />i,ender prior io acceleration shall maH not#cr #o &trrower as provided in paragraph Id hereof specifying: (1) the breath;
<br />(2} the action required to care such breach; (3) a date, cwt lose than J4 days from Ebe deer the notice h mailed to Borrower,
<br />by which each breach must be cured; sad (d) that fs[Bure to cure such breacA on or before tht date specit3sd is the notice
<br />may result in etrelera±Iaa of the sums secured by this hfortgage, forxclo=sure by judicisi proceeding and sale of the Property.
<br />The rwtice slant farthca Inform Borrower of the right #o reinstate of#er accelsration and the right to assert in the foreclmure
<br />procecdir~ tilt non-exidente of a dc`autt or any other defense of Borrower to accekration snd Foreclosure. If the breath
<br />ig cot eared un or before the daft aptcLSed in the entice, Lender at Lender's option may declare all of the sums secured by
<br />ihls hlortga{See to be iasmediatdy due and payatsk without farther demand a~ may foreeiox by judicial proceeding. Lender
<br />shall rx eatkied to collect is suth proceeding aB experrses of foreclosure, inc#udLrrg, bu! not Limited to, costs of documentary
<br />evidence, alstrsets and dot reports.
<br />19. Borrowerss Right #o Rei~tate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lander to enforce this Mortgage discontinued at any time
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