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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph Z hereof.
<br />Any amounts 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 he payable upon notice from Lender to Borrower requesting payment thereof. and shall Finar interest from the
<br />date 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 taw. Nothing contained in this paragraph 7 shall require Tender to incur any expense or take
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to be made reasenahle entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying rcasonablc cause therefor related to Lender's
<br />interest in the Properh•.
<br />9. Condemnation. The proceeds of any award or claim for damaecs, direct or cansequcntiaL in connection with any
<br />O condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of rnndemnatian, arc hereby assigned
<br />and shall he paid to [.ender.
<br />in the event of a total taking of the Property, the proceeds shall he applieJ to the gums secured h}• this Mortgage.
<br />T with tLe excess. if any, paid to Borrower. In the event of a partial taking a( the Propern'. unlca Borrower and Lender
<br />!~ otherwise aGrer i^ writing, then shall he applied to the sums seaireJ by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Aartgage immediately prior to the date of
<br />taking hears to the fair market value o(the Property immediately prior to the date n( taking, with the balance of the proceeds
<br />paid to Borrower.
<br />if the Property is abandrnred by Borrower. or if, after nmice by Lcndcr to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within t0 days after the date such notice is
<br />mailed. Lrndcr is authorised m collect and apple the proceeds. at Lender's option, either to restoration or ropair of the
<br />Property er to the sums secured he this Mortgage
<br />L'nicss lender and Borrower otherwise agree in writing. any such application of proceeds ro principal shall not extend
<br />or pociponc rite doe dare ui tn~ n,..... ,n.,,ailm,n;; referred to i. ~yranh, I and 2 hereof nr change the amount of
<br />such installments.
<br />70. Borrower Not Released. Extension of the time for payment nr modification of amortization of the sums secured
<br />hp the Mortgage gramrl by Lender to any succecxar in interest of Borrower shall not operate to release. in any manner.
<br />the !iahi!hy of the original Borrower and Bcrrower's successors in interest. Lendrr shall oat he required is ~ammence
<br />~. r: ~:c,'.:r;t: aca:;:a s,:ch __.._.. ~P(~~~e rn rxrrnd time for payment or otherwise modify amortization of the sums
<br />securai by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors ut interest.
<br />'. t I. Forbearance by Lender Not a Waiver. Ary forbearance by Lender in exercising any right or remedy hereunder, ar
<br />oihen;'ise nlTordrd by applicable law, shall not tx^ a waiver of ar preclude the exercise of any such right or remedy.
<br />Thr pro;urement at insurance or the payment of taxes or other liens or charges by i.ender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />72. Remedies Cumulative. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently ar successively.
<br />73. Successors and Assigns Bound; Joint and Several LiabiBty; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shat! inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. Ali 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 oat to he used to
<br />interpret or define the provisions hereof.
<br />74. Notice. Except far any notice required under applicable law to be given in another manner. (ai env notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed ro Barrower at
<br />the Property Address or at such other address as Borrower may designate b7 notice to Lender as provided herein, anJ
<br />'~, (hi ally noice to fender sh:dl he given by certified mail. return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provide) for in this
<br />', Mortgage shall he deemed to has'e been given to Borrower ar Lender when given in the manner designated herein.
<br />I5. L'n1{orm A1ortgage; C,overning Gaw; Secerabllity, 't'his farm .+f martgagt camhines uniform covenants fez national
<br />,. - :.. ,.. .. _.-_... • ~~~ r..,e,•`~i ,+rclat~nns by nirisdiction to constitute a uniform seeunty instrument rnveting
<br />real properiv~••,1Tii=,Mortgage~sh:til to governed by the law of the iurisciictian in which the Property es lacatect. to lire
<br />'~ event that any provision or clause of this Martgage or the Natc ean0icts with applis:ahie law, such conflict shall not aRect
<br />other provrsinnc of this Martgage or the Nme which can t+r given eRert without the contiicfing pravisian. and to this
<br />- rod the provisions of the Mortgsge and the Nate err derhrred to he srver:rhlc. -
<br />16. Borrower's Copy. Borrower shall he furnished a conformed copy of the Note and of chic Mortgage at the time
<br />of execution or after rccardation hereof.
<br />I?. Transfer of the Property; Assumption. -f all or any part of the Property or an interest therein is sold or transferred
<br />by Barrower without Lender's prior writtrr, consent, excluding (a) the creation o(a lien ar eneumhrence subtxdinate to
<br />this Mortgage. (h! the creation of a purchase money security interest for hansehald appliances. (ci a transfer by devise.
<br />desccm or by oper.rtion of hew upon the death of a joint tenant or (dt the gram of any leasehold interest of three years ar less
<br />not containing an option to punhase, Lendrr may, at t codex's option, declare all the sums secured by this Mortgage to be
<br />immcJiatr!y dun and payable. Lender shall have waived su.-h option to accelerate if, prior to the sale nr tfansfrr, lender
<br />and [he penun u. whom the Proprrry i, to hr x>IJ ++r transtrrrcd reach agreement in writing that the credit of such person
<br />is sa[is(actary to t.enJer and that the interest papahir un the sum, secured by this Mortgage shall be at such rate as Lendrr
<br />sh:di reyurst it 1 coder has waived [hr upuon to accelerate provided in this paragraph 17, and if Borrower's succesxnr in
<br />interr,i ha, extxutcJ ;, wnucn assurnpuon agreement ncaepted in wriung by t enter, Lender shall rcttase Borrower from all
<br />nbliganons under chi, Mortgage and the Notr.
<br />II' lender exercises st,ch option to acerlrratr, Lender ,hall mail Borrower noticr of arcelentuon in accordance with
<br />paragraph 14 hrrcef tiuch aana• .hail prtxtidr a period of oat less than 10 days from chi date the noticr is mailed within
<br />which Borrower may pas the ,urns declared due. ii Burrower fails ro pay such sums prior to She cxpiratian ,~f cuch period,
<br />l.cndcr rnav_ without turthrr notice or demand en Burrower, mvokc any remedies permared by paragraph IR freriaf.
<br />Now-Urar•oMnt t`avr~-srvts Porrower and Lender turthrr covin;uri and agree as failows~
<br />iN. Accrkraltan: Remedks. 1".xcept :~ pmrided in paragraph 17 hereof, upon Borrower'x hrrach of any ravenaat ar
<br />agrcturont of Barrower in this Mortgagr, inrludirtg the cueenaots to pay when dux any surttig srcut•rd by this Mortgatr,
<br />t.etuler prior to acetkrotbo shat? maH cur#ke to &rrrower as prt+vidrd in paragraph la Aereo{ sport{yang: /Ii ihr breach;
<br />(2) the action required to cure Bach breach; tat a date, cwt kss ehan 3V days from the date the ruttke ~ mated to Borrower,
<br />by which such breach must be cured; and (4) that failure to cure Bach breach an or 6e{ore the date speclfled in the twtke
<br />may result in arcekrotion aF N+e Barns sernred by This R1ottRage, faterlasare 6y jndiciat pracredfog and sale of tax Property.
<br />The notice shall {ariber inform Borrower o{ the ritthl to reinstate after rccekration and the righl to asset/ fn the [orrciosure
<br />proceeditg the aon-existence u{ a dcfaril[ or any other deterrse of Borrower to acrekratian and tarrclosurc, !t the brtarh
<br />- ~ is nol cured nn or drfure the dale specified in the notice, Gender at Gettder's option may drelarc all o[ the Bolus srenrcd by
<br />this htorigage to be immediatdy due and payabk without further demand and may farerlose by judicial proceediug. Lender
<br />shall be entitird to collect in such proceeding all expettses of foreclosure, includlnR, but not Ihnhcd to, coats of documentary
<br />evidence, abstracts and title reports,
<br />14. Borrower's Riih! !a Reinstate. Notwithstanding lender's accelcratian of the sums secured t•; this Martgage,
<br />Borrower shall have chi right w have any proceedings begun by Lender to enforce thin Mortgagr iscontmued at any time
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