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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amour,[s disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become 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 iftereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time [o time on outstanding principal under the Note unless payment of
<br />interest at such rate :vould be cot+.trary to applicable law, in 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 h -rounder.
<br />8. Inspection. Lender may make or cause to he 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 />4. Condemnation. The proceeds of any award or claim for damages, direct or consequcntiai. in connection with any
<br />condemnation or ocher taking of the Property, nr part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall he 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 file ezcess, if any, paid m Aorrower. In the event of a partial taking of the Property, unless Bnrrowcr and Lender
<br />otherwise aerce in writing, then; shall be applied to the 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 inunediatcly prior to the 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 i,eniirr to Borrwer !ha! the condemnor offers to make
<br />an rward or settle a claim for damages, Borrower fail [n respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lenders 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 extend
<br />or postpone vtc due date of rile uu,nt6lj L~s.a,~,,,,a,., :rrc::cd ;.. ~ ~nhc I and 2 hereof or chznge the amount of
<br />such installments.
<br />lo. Borrower Nof Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by ehig Mortgage granted by Le^.d~r to any su«ess::r ir. interest of Borrower shall not operate to rel~asa. iu a :manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required u+^comrnence
<br />proceedings against such successor or refuse to 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 Aorrower and Borrower's successors in interest.
<br />II. Forbearanrr by bender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />ethetwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pro.urement of insurance or the payment of taxes or other liens or charges by Lender shalt not he a waiver of Lender s
<br />right n+ accelerate the maturit}• of the indebtedness secured by This Mortgage.
<br />IZ. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage nr afforded by law or equity, and may F+e ezercisrd concurrently, independently nr successively.
<br />13. Successors and Assigns Bound; ]oint and Several Liability; Captions. Thr 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 />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shalt be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to F+e used to
<br />interpret or define the provisions hereof.
<br />14. Not€ce. 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 rropeny rxuurcaa ~ - -. '- - ,.,., p,:ree•er .^.~ ~ ~..~~ao:,r,~ !+v notice to Lender as provided herein. and
<br />(b) any notice to Linder shall be given byecertified mail, return^,receipt requested, to I_ender'e address stated hrrcin or to
<br />such other address as Lender may designate by notice to Borrower as provided hrrcin. Any notice provided for in this
<br />Mortgage shall br. deemed to have been given to Borrnw'er er I ender when given in the manner dcsi¢nated herein.
<br />ly. uniform Mortgage; Governing Law; Sevrrability. This form of mortgaxe combines uniform covenants ter national
<br />use ~ ~d nor: urifurr? cocer~ants •aith limited variations by jurisdiction :. constitute a uniform s::;:rit instrtrmrnt covering
<br />real property, "This Murtgagr shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision er clause nt ttrie Mortgage or the Note contiicts with applicable law. surer conflict shah ant at~rct
<br />other f,rnviinn= z,f this islortgagz .+r chi ?dots which man Lm given zfrzct without the corritieting provision, acrd to this
<br />end the provision. of the Alartgage and the \etr are Declared to Fxo severable.
<br />16. Borrower's Copy. Borrower shall he furnished a conformed copy of the Note and of this Murtgagr at the time
<br />of exrcutinn or after rernrdation hereof.
<br />17. Transfer of the Property: Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Bnrrowcr without Ixnder's prior written consent, excluding fa) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, iht the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent nr by oper.rnnn of law ulx+n the death of a joint tenant or (dl the grant of any leasehold interest of three yearn or Tess
<br />not containing an option to purchase, [..ender may, at Lrnder'z option, declare al{ the sums secured h}• this blortgage to tae
<br />immediately due and payable. Lender shall hove waived such option to accelerate if, prior to the sale or transfer, I ender
<br />.rod the person to whom the Property is to ter sold or Iransferrrd mach agreement in writing that the credit of such person
<br />is satisfactory to i.ender and tfiai the interest payable on the soots secured M' this Mortgage shall he at such rate as Lender
<br />shall request. If 1 coder hex waived the option to accelerate pre+eided in this paragraph 17, and if Borrower's successor in
<br />inlrrc5t has executed a written assumption ugrremrnt accepted in writing by Lender. Lender shall eel^ase borrower from ail
<br />u6ligatinnx under thin Mturtgage and the Notc.
<br />if Lender ezcr:ises stwh option to accelerate, Lender shall mail Borrower notice of acceleration nt accotxlance with
<br />paragrnph 14 hereof- Such notice shall provide a period of not less than 30 days from the date the n+±ticr is mailed within
<br />which Borrowrr may pay the Sums declared due. tt Aorrower faits to pay such sums prior to the espiratiaa of such period,
<br />Lcndrr may, without further notice ar demand nn Borrowrr, invoke any remedies permined h}' paragraph I X hereof.
<br />NuN-UNtrtaaet t'.nvarvnN'rs. Borrowrr amt fender ttxthrr covenant and :tgrcr as follows
<br />18. Accekrali.m; Rcitxdits. Except acs provided in paragraph 17 hereof, upon Borrower's breach of any raveoant ar
<br />rgreelneni of Borrowrr in this Morlgagt, hMludie~ the faxenaat% to pay when due any sums srrnred by this M14or~age,
<br />!.ender prMr to aecekratian shag mail no[fee to $orrawer as provided in paraf rtrph f3 herertf specifying: (li the Drtarh:
<br />(2) the action ttgtdred to rare Guth breach; 13) a date, trot less than 10 days tram the dote the notice k mailed io Borrower,
<br />by which snob breach must bt cored; aad (d) that failure to curt sorb breach an or bstore the drie specified fn the troNre
<br />may rx~i in accekration of the sums serurtd by this Mwtgage, forecbsure by judkial proceeding end sale of the Property.
<br />The notlce shill farther inform Bnrrowcr of the right to reiaslate after aterleratMa and the right to assert in the Yotrech>surr
<br />,proeeedirg the non-exktence of a drtrult m any other defense of Borrower to rccekration and fomlosurc, It the beach
<br />Ia not cured an or before tht dNe specified in the uatlee, I.euder at I,emler's option may declare all of the sums secured by
<br />thin Mortgage to be immcdWely due and payrbk wfthout further demand and may foreclose by judicial proceeding. Leetder
<br />ahrB be entitled to coBeet it such proceedi~ aB expenses of foreclosure, btcluding, but not limited to costs of documentary
<br />evieknee, a~isatis a_~d !ii!s reporle.
<br />1.9. ;~rraw,;z'o ~ht to sl~tak. NeC~ithslanding Lender's acceleration of the sums accord by this Murtgagr,
<br />Borrower shall have the riLiht to have anY aroceedings begun by Lender to enforce this Mortgage discontinued at any time
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