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<br />Lender's written agreement or applicable law. Barrowtr 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 became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />dart: of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rata 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 shall require Lender to incur any expertse or take
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />that Lender ,half give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interese in the Property.
<br />9. Condemnation. The proceeds of any award ar claim for damages, direct or consequentiah in connection with soy
<br />condemnation or other taking of the Property. ar part thereof, or far 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 />with the excess, if any, paid to Borrower 1n 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 dart of
<br />taking bears to the fair market value of the Property immediately prior to fhe 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 far 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, tither 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 shalt not eKttnd
<br />or postpone fhe due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount :~f
<br />such installments.
<br />2(t. Borrower Nz;t Raeased. Extension of the time for payment or modification of amariization of the sums secured
<br />by this Mort:„ngz grantzd by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Boreower's successors in interest. Lender shalt 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 />s« r,~ ~ bage ~ of ..y demand °dt:.`,y the original Boma.. ^d Ba. suc~ ors :.. ,..,..
<br />"2L~ Forbearance by tender Not a Waiver. Any~fortxarance by tender in exercising any right~or remedy hereunder or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />9"he procurement of insurance ar the payment of tares or other liens or charges by Lender shall oat tie a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />22. Etemedits Cumulative. All rzmzdies provided in this Mortgage arc distinct and cumulative to any Mher right ar
<br />remedy under this Mortgage or afforded by law ar equity, and may be exercised concurrently, indii•endently or successivtl}•.
<br />23. Surtessoni and Assigns Boned: Joint sad Several l.iabillty; Captions. The covenants and agreements htrcin
<br />contained shall bind, and the rights hereunder shall inure ia, the respective successors and assigns of Lender and Barrowtr.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall bt joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far rnnvenience only and are not in be used to
<br />interpret or define fhe provisions hereof.
<br />Ld. Notice. Except for any notice reyuired under applicable law to be given in another manner. (al any notice to
<br />borrower provided far in this Mortgagz shall ere given by mailing such noticz by certified mat! addressed to Harrower at
<br />the Property Address or at such other address as Harrower may designate by notice to Lender as provided herein, and
<br />(.b) any natice to lender snail in Yi~cr~ i>> ~ -'~P„-„ ^-::!. ....___~n~ raf;~~PCrrd_ m Ltndtr's address stated herein or to
<br />such other address as Ltndzr may dzsigratz by notice ta,Bormw-tr as provided herein. Any notice ptt~vided far in this
<br />hfortt~age sha;l frt dee;nzd to have bozo given to Barrowtr ar f_tndtr when given in the manner designated ittrtin.
<br />LS. l;~niform tYfortgage; C.overnirtg Law; Sevtrability. This form of mortgas~z commbines uniform covenants for national
<br />.:. - -.:? ;::,,- -F:r:.F - -,_.. _:: _::..ti zith l.~:.@~{ u - -: = by js.tr i~:f;Ee«n rn r- n5t itt.'t~ ~ Ln'f. r _,_r;tv ' ~ s var;n$
<br />r*al pra~rt}~:."Ll,is..'tfixtgage shat[ bt goverttzd6hy the *law a( the urisdictien in which the Property is la+'.attd. In thi•
<br />,~ r. _
<br />c?`=tee fi- _~}' pe.,~,..eers . -.{as u' .;t this Mai4a~~~ ! - the ti.rtt rt;7'ir- < with _,,plica`~lz l;ie•, suett cilnrTict shell not affect
<br />athv_r prnv;.i_1n, .tf ;h~., Rl.rrtnaar nr the Natt which can hg given tffe4t avitharit the cnnNicting oravisi~n: and to thi_x
<br />end rttc pnwisians c t th A~iortgage, and the Notc are dtdared to Fie sevtrahle.
<br />Ld. ~-rrrowtr`s i'oy.y. Harrower shall he furttishtd a canformtel cagy of the Naie and of tt:is Martgage at the tint:,
<br />of oxectuian or steer recordation hertof.
<br />t7. 7'ransftr of the Wroptrty; Asxumption. if all or any port of the Property or an interest [herein is soil err transferred
<br />by $:rrnrwer without Lender's prior written consent, excluding ta) the creation of a lien or encumt+ranco subsirdinate to
<br />Ibis Mortgage, ih) ihr creation of a purehact money ~curitp interzst for household apptianczs. tc? a uansftr by devise,
<br />decent or try operasion .=f Eaw up,.n the death of a taint tenant or (tit the grant of any Izastttold interest of three years or less
<br />not containing an option to purchase, Lzndzr muy, at 1 endrr's option, declare alt the sums secured by thrs Mortgage to bt
<br />imtnetiiately due and payshie. Lender shall haul waived such spoon to accelerate if, prior to the sale ar transfer, Lender
<br />and the pttson t_~ whom the proptr[y is to bt sold ar transferred resin :igrezmeut in writing that ihz irtztit of such person
<br />is satisfarton° tic l.endzr and that the interest payable. an the sums sectucd by this Mortgage shall bz at such tart :u Lender
<br />shall rzquzst. If Lander has waivt.i the option to accelerate provided in this ~tragraph 17, and if Barreswer"~ >uccessar in
<br />interest ha, executed a written assumption agreement aectpted in writing by t.encltr. Lender sfiall release Bornrwrr from all
<br />obligations under this Mortgage and the Note.
<br />If L.°nrdtr exereisz, such of9tian to accelerate, lender shall mail Borrower notice of aectkratian in accard3nee with
<br />paragraph 14 herzi~f. Suite notice shall provide a period of not Itss than 30 days from the dart the notice is nestled within
<br />which Llarrirwzr may pay the sums dtclarec! due. !C 8nrrower fails ro pay such sums prior to the ezpiratian of such period,
<br />Lender may, without further natice or demand an Harrower, invoke any remedies permitted by paragraph Ig hereaf.
<br />Note=t_irttt~aant Cove>Jnt~z's. Barrowtr and Lender furtiter covenant and agree as follows:
<br />iii. Atteltraiian: Reriiedies. except as proriw'cd iii piir~tr~h 13 hz~f, tiptoe g3rfi7Rei`'3 tr3'2H`fi df Wit} etrV2aFiii 0r
<br />agreement of Borrower In this Mortgage, including the tavenants to pay when due any sums secured by this Mortgage,
<br />Condor prior to asr€~r~ian sitatl maB trotict fo Barrnwer as provided to parmph 14 htttof specifying. (!) the breath;
<br />(2) tbs arkion required to curt anth breach; (~} a date, not leas than Stl days from the date the natice 6 rwdkd to Borrower,
<br />by whaeh Bath breach mast bt rttred; and (1) that failure to cure such breach on ar before the date specifitd io the notice
<br />array rtstth in aeteleraHon of the sums seturtd by this Mortgage, forrrtoaure by judicial prarttdir~ and sak of the prtrptKy
<br />'tile notitt shed! fnrrher in€ofln Borri:-ver of the right to reinshte aNet acrettratiun amt the rip,ht to assert [tt the farectosure
<br />pmet+edmg the twn•existanco of a default ar any other defer~e of Borrowv to acceleration end [oreclasnn. !f the breach
<br />is not crsred on or before the date sptci~itid In the noHte, Lender at Lender's option may derlttt+e aB of the awns secured by
<br />thLt Raertgsge to be immediately due asd payable without farther demand and may fotrclaae by judicial proeeeditsg. Lender
<br />shall be entitled to colkrt an such proceeding all experiaes of foreclosure, including, but not liniNed to, casts of documentary
<br />tvideace, alntraett: and HHt reports.
<br />29. Barrowe~a Right to Reinstate. Notwithstanding Lendei s acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have any proceedings begun by Lender [e enforce [his Martgage discontinued at ary time
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