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<br />Lender's written agreement or applicable ]aw. $orrower shad 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 become additional
<br />indebtedness of Harrower secured by this Mortgage. Unless Borrawer 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 />date of disbursement at the rate payable from time [o time on outstanding principal under [he Nnte unless payment of
<br />interest at such rate would be contrary to app]icable law, in which event such amounts shat! (,ear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />S. 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 the Property.
<br />9. Condemnation. The proceeds of any award or claim for dama¢es, direct or consequential, in connection with any
<br />condemnation ar other taking of the Property, nr part [hereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid tc Lender.
<br />In the event of a total taking of [he Pmperry, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with th_ excess, if any, paid to Harrower. Tn the event of a partial taking of the Property, anless $orrower and Lender
<br />otherwise agree in writing, there shall tx; applied to She sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to [hat 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 immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Harrower.
<br />If the Property is abandoned b}' Borrower, or if, after notice by Lender to Borrower that the condemnor offer to make
<br />- :aid or serrlr ,, claim for damaees. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to called and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Martgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred ro in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time For payment or modincation of anx+rii~aiion .., - .,.,s ~..,,.:cd
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate in release 'in anY manner,
<br />the liability of the original Borrower and Borrower's suceessors in interest. Lender shalt not be required to commence
<br />proceedings against such successor nr refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by [he original Borrower and Borrowers successors in inxrest.
<br />11. Eorbearanee by Lender Not a Waiver. Arrv forbearance by Lender in exercising any right or remedy hereunder, nr
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall not be a waiver of mender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. Atl remedies provided in this Mortgage are distinct and cumulative [o any other right or
<br />remedy under this Mortgage ar afforded by law or equity, and may be exercised cancurrenth', independently or successively.
<br />13. 5nccessors and .4ssigms Bound: Joint and Several Liability; Captions. 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 />subje^.t to the provisions of paragraph 17 hereof. All covenants and agreements of Borrawer shall be joint and several.
<br />The captions and headings of the paragraphs of this Martgage are far convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />id. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice m
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Harrower at
<br />the Property Address or zt such other address as Borrawer map designate by notice m Lender as provided herein, and
<br />fh) an~.• notice to Lender ,hall t-~ given by certified msd, rehrm receipt requested, to i.enJer's address stated taerein ar to
<br />such other address as Lender may designate by orate to iorrower as pnroiucii l,s:rvi,,. - pr;.:idcC' . ... "s4
<br />Mortgage ;halt he deemed to have been given to Harrower or (.ender when given in the manner designated herein^
<br />15. Unif~rm'11nrtQage; Governing Law: SeverabiUty. This Form of mortgage.onibines uniform c.~?venants for naiienal
<br />use anti nan~unifurm covenants with limited variations by jurisdiction a~ constitute » unifafinl sect=city' instt?Ernent covering
<br />real p.=apzrty. This Mortgage shalt be governed by the law of the iuriadicaion in which lisp Property is icxaied, in the
<br />event that -nv p avision clause of + iviartgage or fhe Nnte ..=„ffic Rath appii-tai;'- law_ such ,~: fiic ..;+ii nai aStect
<br />other pros sinnsr+f tf-ts Martgage o-••the No[:• which can tic giupn elleci witt?E+Lt the ~annrs-t.==€ p€f.-,~?tt, arni Is, ibis
<br />end the provisions of the Aiortgage and the Nate are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished :+ conformed copy of the Nate and of this Mortgage at the time
<br />of exeeutian or after recordation hereof.
<br />17. Transfer of the Property: Asaumpiion. if alt nr any part of the Property or an interest therein is sold c!r transferred
<br />by $orrower without Lender's prior written consent. excluding (a1 the creation of a lien oc encumbrance suhanfinate to
<br />this Mortgage. (h) the ereatian of a purchase money security interest for household appliances, Ili a vansfer by devise,
<br />descent or h}• apernion of law upon the death of a tote( tenant or h1r the grant of any leasehold interest n( there years or less
<br />not containing an option to purchase, tender may, at 1-ender's option, declare all the sums secured by this Mortga,2c to be
<br />immediately due :rod payable. Lender shall have waived such option to accctcratc if, prior to the sale ar transfer. [ender
<br />and the perx+n to whom the Properry• is to be sa!d ur transferred reach agreement in writing that the credit of such per•san
<br />is satisiactnry to Lender and that thr_ interest paVabir on the sums secured by this !.9artgage chat! ht at st:ch rate as Linder
<br />shall request. If Lender has waived the option to accelerate provide) in this paragraph 17, amt if &,rrawer's successor in
<br />interest has executed a written assumption agreement accepted in writing by 1 ender, 1_ender ,hall rclrau: Borrower fram all
<br />obligations under this Martgage and the Note.
<br />If l..ender exercises such option to accelerate. Lender shall mail $orrower notice o[ accelerauon in accordance with
<br />paragraph 13 hereof. Such notice shalt provide a period of not Icss than 3p days tram the date the notice is mat;ed within
<br />which Borrower may pay the sums declared due. If Borrower faits to pay such cams prior to the expiration at cosh period,
<br />Lender may, without further entice or demand on torrawer, invoke any remedies permuted by paragraph t k hereof.
<br />Nav-Urtteoaxt Covr^raur€. Borrower and Lender further covcttant and agree as follows:
<br />I$. Acceleration: Remedies. Except us provided in paragraph 17 hereof, upon Borrewcr's beach of any rnveaant or
<br />agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secarrd by thb :Mfartgr~e.
<br />;Leader prior to acceleration shag mail notice fo Harrower as provided is paragraph 14 hereof spetifyi~: (1) the breach:
<br />(2) the acfiom required to cure such breach; (J) a date, trot less than 30 days from the date Ibe mNice b mailed ap Borrower,
<br />by wfikh sn<fi breach must be cured; and (4) drat failure to cure such beach an or before the date speci~d la the aodce
<br />may result in accekration at the aunts secured by this Mortgage, forecbsure by jndlcial proceeding amt sale of the Property=
<br />The motive shdi further Inform Borrower of the right to reiasla/e after acceleration and the right to assts is the forechmure
<br />ytoceedlrrg the non-e:tstence of a dtfrult or any other defense of Borrower to rrcceleratfon and foreclosure. if the breach
<br />is m.i cured on or before the date specified in the notice, Leader at Lender's option may declare aH of the sums secured by
<br />th{a 1l4oregage to be immediately due and payabk without fuHher demand and may foreclose by judkiai proceeding. Lemd4r
<br />obeli be enWicd to collect in such proceeding ail expenses of foreclosure, including, but noe Ihnlted to, coats o[ documentary
<br />evidence, abstracts end tige report.
<br />19. Borrower's Right to Reiostaie. Notwithstanding Lender's acceleration of the sums secured b}• this Mortaaee.
<br />Borrower shalt have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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