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<br />;,ender's written agreement or applicable lave. Borrower shall pay the amount of all mortgage insurance premiums in tltt
<br />manner provided under paragraph 2 hereof.
<br />Any amours disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amotmts shall F~ payable upon notice from Lendtr 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 pracipa] under the Note unless payment of
<br />interest at such rats would he confrary 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 shad require Lender to incur any expense or take
<br />any action hertundrr.
<br />g. fnsp~tetion. Lender may make or cause to be made reasonable entries open and inspections of the Property, provided
<br />that Lendtt shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coademnafkrn. Tne prxteds 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 bt 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 />wish ihr recess, if any, paid to Burrower. 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 th€ 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 Propdrty 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 ro respond to Lender within 30 days after the date such notice is
<br />mailed. Lendtr is authorised 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 »ot tstend
<br />er postpone tfie due date of the monthly installments referred to in paragraphs i and 2 hereof or change the amour. of
<br />such :nstatlrntnfs.
<br />i0. Burrower Nta R€leased. Extension of the time for payment or modiftcation 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 iiahilit} of the original Borrower and Borrowers successors in interest. Lendtr shall not be required to commence
<br />aroceedings against such s~rcess»r or refuse fa 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 />3I. ~orbtarance by Lender Not a Wateer. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise atiorded ley applicable law, shall rat kte a waiver of or preclude the exercise of any such right or rtmtdy.
<br />Tl,t proeuremenr of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right ta acctltrate the maturity of the indebtedness sccumd by this Mortgage.
<br />l2. Remedies Cumulative. AI! remedies provided in this Mortgage are distinct and cumulative to any atber right ar
<br />rtmtdy under this Mortgagt or afforded fiy law or equity, and may be exercised concurrently, independently or successively.
<br />I3. Sures~ors and A~igns Hound; Joint and Severn f.iability; Captiorrs. The covenants and agreerttents herein
<br />contained shall Hind, and iht rights her€undzr shall inure to, the respective successors and assigns a,f Ltndtr and Borrower.
<br />subjtct to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shat! be joint and several.
<br />'t'he captions and headings of the paragraphs of this Mortgage are for convenience only and are not to bt used to
<br />interpret or define the provisions hereof.
<br />!4. Notice. Except fee 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 />(h) ary »ot+.rt to `tender shah be given by ctrtilttd mail, retain receipt rtquesred. ro Lender`s address stared herein or ee
<br />ss.i4~ L-he, a,~'d;v~., ~tf ~ ~n~~er : ~:.}' -,~,r-- ~n ~~ E y .r:itG~ .ci (~vr: o~v wr ab pris~:~cu i~i-rii.. ~t ~ rtc,i ~-e t., cf~i~-zx: ? o-.. .;,ice
<br />4inrtgagt shall fit dterncd to have hten given to $nrrowtr or l.e»dtr whr» given in the manner designated herein.
<br />iS. llniform Mor#aaae: Govtmina Law; SeverabLity. This form of morteaae enmhines uniform covenants for nations!
<br />use and nou-uniform ei,venant-s with limited variations by jurisdieuon [n constitute a uniforrn security instramaut covering
<br />real pYaptrsy. This M:trt~aet shall b* gc:vtrncd b}~ the law of the jttrisdirtior in which the Property i= la,cattd- In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such rnnftict shall not affect
<br />other provisions of s ~~,.rtgagr or the Nrir wt;irh .,an be given ¢fizet v,•ithaut t:st- rontli€ting pmvsion, artd to this
<br />end the prt~visiortz of :..~ ~~ortgagt acid rrre Note are dtciared ui t,e severabir.
<br />I5. Htsrrower's Copy. Burrower shall he furnished a confornrttt copy t+t the Note anei of the Aortgagt at the time
<br />at' execution or after rrrordadon hereof.
<br />17. 'I'rgrrader of the Property; Assumption. if alt or any part of the Pmptrty or an inttrest thtrcin is sold or transfrrr€:t
<br />by Borrower without Lender's prior written runsr:nt, excluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (h) the creation of a purchase money security interest for housthald applianrrs, {~> a transfer by devise.
<br />deseenr or by operation of lase upon the death of a joins tenant or tdi the grant of any leasthatd interest of chrcE years or less
<br />nut enntaining an apticm to parches€, Ltndtr may. at t.tnder's option, declare all the sums srcurtd by this Mortgage to 6e
<br />immediately due and payable. Lender shalt have waived such option u, acrtltratt if, prior to the salt ut transfer Ltndtr
<br />and the person ,a tvha~m the Propert}' is to he sold ur transferred reach agreement in writing that the crt,lit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secued by this Mortgagt shall ht at su.~h tall as L_rnd¢r
<br />shall request. !f Ltndtr has waived the option to acrtltratt provided in this paragraph 17, and if Bom~wtr', successor in
<br />inttrest has txteutrd a written assumption agrecmrnt aaepted in writing by l.rndtr. I.tn.kr shat! rtlcast Be,r;:+,:rr from alt
<br />obligations under this i.3crtgagt and tits Nate.
<br />If Linder txtrrises such option to acrtleratt, Ltndtr shall mail )3orrowtr notice of acetieratian in aec»rcianet with
<br />paragraph 14 htrtnf. Such notice shall provide a period of rot less than xCr days From the date the notkt is mailed within
<br />which Borrz;wrr may pay the sums si~lared due. If Barn~w~r faits to pay su.h soma prior to the expirti~rt of such period,
<br />Lsnd_r may, ss•itheuC further notice er citmand en Bt~rrowtr, invekt an}• remtdits ptrm~tttd t+y par~raph 1R htrgaf,
<br />i ic,N-u:~rr~~a~E Cv ~r:x~tFS. sorrr..±tr and Lender iarhtr cnvs:nant aril arrc~ as foii~:
<br />iS. Atc¢lert#kta; Lt¢ratdks. Except as provided in par~rrph 17 trrmf, spat Burtxtwer's breach of any raveaan! err
<br />agrecarent of BorrOwtr in thb Rortgage, intludiarg the covenants to pay when due any sums rxrured by thb 11lwt~sge,
<br />Leader prior to arcekrtrrwa shall raali rtotfr¢ to ikrtrrower as prtitvided is paragrrph t3 beravtf sperifyiap: (t) the Arta, b;
<br />(2) tlts at•63oa requlrcd to rare sorb brtarh; (3) a drie, not leas than 30 drys from the data the rmtire 4 rnailtd to Borrower,
<br />by wb ~cb w-earh m~i ~ eexgd; and (d) that fa7urc to cure such breach on or before tb¢ date sperri~ is the notice
<br />esay result fn arcekrstlra of the soots srrar¢d by thb Mortgage, foreclosure by jrrdicisl proceeding end sale of the Property.
<br />'I~tt rtotire shall further inform Borro xer of the r~ht to rciagtate after aree&roiion and the tight io assert in fire foreclosure
<br />proceeding the non-a:isitnre of a ciefauif or any oihtr defense of Borrower to accei¢retion gad foreclasurc. If the breach
<br />is tint cured oa or before the date specified in tht notice, LerMer at Leader's option may declare all of the sums secured by
<br />this Mtnigrgr to rte immediately dos sod payable without further demand and may Fortclas¢ by judkisl proceeding. Ixadtr
<br />shall be tatitled €d cottett iu sorb proceeding ail txpenses of foreclosure, iurlndiag, but cwt IiraHed to, torts of docuruerrtary
<br />eviderree, abstttcts and tint reports.
<br />Ip. siaorrowerra Right to Rtias#ate. Notwithstanding Lender's acceleration of the sums secured by this Mortgagt,
<br />Eorruwtr srtail have S.H.e right to have any proctetlings begun by Ltndtr to enforce this Mortgagt discontinued at any time
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