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Lender's written agreement or applicable law. borrower shad pay the amount of all mortgage insurance premiums in the
<br />manner provided wider paragraph 2 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 be payable open notice from fender 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 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 />i permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />~ g. inspeefion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />h that Lender shall glut 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 an}• award or claim for damages, direct or consequential, in connectior, with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of rnndemna[ion. are hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a total taking of the Property. [he proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid M Borrower In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to t}re 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 the 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 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 for damages, Borrower fails to respond to Lender within ?0 days after the date such notice is
<br />mailed, Lender is authorised So 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 />U.^.!es~ I ledge ~^d Borrower nthtrwise agree !n writing. am• each annlication of nroceeds to nrincipai shall not extend
<br />'~ or postpone the due dal. ofthr monthly installments referred to in paragraphs i and 2 hereof or .:hange [he amount of
<br />such installments.
<br />Y0. Borrower Nof Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrowtr shall not operate to release. in any manner,
<br />the liability of the orieiral Borrower and Borrower's successors in interest. Lender shalt no[ b€ regaired iv commence
<br />proceedings against such successor or refuse to extend time for payment or othendr;r modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in innrest.
<br />1I. Forbearance by Ixnder Not a Waiver. Any forbearance by Lender in exercising any right ar remedy hereunder, or
<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 insuranc€. or the payment of lases or other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity oP the indebtedness secured by this Mortgage.
<br />12. Remedies Cumula8ve. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgagt or afforded h}• law or equity, and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; ]Dint 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 />sub~ect to the rovisions of era r 7
<br />p p g aph I hereof. .411 covenants and agreements of Borrower shall be joint and several.
<br />The ca [ions and headin s of the ar ra h.
<br />a s of this Mortar , re for •o v ~
<br />P •t c n emence n •+ d a c
<br />R ~ h, n re not o i.
<br />P g P R S t tx t ed to
<br />' interpret or define the provisions hereof.
<br />I4. Notice. 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 he given by mailing such notice by certified mail addressed to Borrowtr aE
<br />~, the Property Address or at such other address as Borrower may designate by notice to Lander as provided herein, an.i
<br />(h) any notice ro Lender shall he given by certified mail, return receipt requested. to 1.€nder's address stated herein or to
<br />sucfi other address as Lender may designate t+y notice h+ Borrowtr as provided herein. .4ny notice provided for in this
<br />Mortgagt shall be deemed to have barn given to Borrowtr or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Gavernint: Law: Severabllity. "this form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction !o constitute a uniform security instrtrmtnt covtnng
<br />real prapert}•. 'i-his Mortgagt sh,li bt €:,:•cmed by the law t?f the jurisdittioit in which the Property is k?rated. in the
<br />event th;u any provision or clause of this Mortgage or the Nate conflicts with applicahle law, such conflict shall not affect
<br />other provisions of tfiis Mortgage or the Mott which cart be given ttltct without the conflicting provizion, and to this
<br />end the provisions of the Mortgage sod the tiott arc declared to ht ceverahlt-
<br />16. Borrowers Copy. Borrower shall ht funtishtd a conformed copy of the Nott and of this Mortgage at the time
<br />of execution or after rca?rdation hereof.
<br />17. Transfer of the Proptrtv; Assumption. iI all or an}' part of [hc Property or an interest therein is sold ar traraferrtd
<br />by borrower without Lender's prior written consent. excluding la) the creation pf alien or encutnhrance sulxmlinate to
<br />this Mortgage, (M the creation of a purchase money security intrrest for household appliances, ici a transfer by devise,
<br />descent or by operation of hew upon the death of a joint tenant or ldi the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Ltnder may, at Lender's option, declare :dl the sums secured by this Mortgage to ht
<br />immediately due and payable. Lender shall have waived such opuan to accelerate if, prior to the salt or transfer. t trtdtr
<br />:rod the person io whom the Property is to be old or trunstcrred reach agrrtntent in writing that the .relit of su.'h person
<br />is satisfacton• to l.rnder and that the interest payable on the sums secured by this Mortgage .hail bt at such rate as Ltnder
<br />shall request If i.ender has waived the option m accelerate provided in this I?;tragreph 17, and ii Borrower's successor in
<br />interest has executed a written asumpuon ^grcement accepted in writing by Ltnder. Lender shall release Borrower from ail
<br />obligations under this Mottgngr and the Notr.
<br />If Lender extrcins such option In accelerate, Lender +hail mail Borrower notice of actrlerauon in actt:rdanet with
<br />paragraph 14 hexol. Such notice shall provide a period vl not Icss than ~0 days from the dart the notice is moiled within
<br />which Borrower ntay pap the sums declared due. II Borrowtr folic to pay such sums prior to the expiration of such peri+ul,
<br />Ltnder may, without further nohct or Jtmand on Borrowtr, invoke any remedies ptnnitted h}' paragraph IS htreaf.
<br />Nary-I1Nrroant t'ovt`Nnrv rs, Borrower and itndtr further cuvCnnnt and egret as follows:
<br />t8. Acceleration; Rettudfes. I:zcept as provided in paragraph 17 hereof, upon Borrowers breath of any taveaanl ur
<br />agreement of Borrower in This Mortgage, including the covenants In pay when due env sums secured by this Marlgag4
<br />Leader prior to acceleretinn shall mail tmtice to Borrower as provided in ~araRraph lA htreaf specifying: (t) the breath;
<br />13) the aetbn required to cure such breach; 13) a dale, trot less than 30 days from the dale the notice >s malted to Borrower,
<br />by which such breach must be cured; and (J) that failure to cure such breach on or before the date speci0ed in the notice
<br />may result in arceleraiion of the sums secured by this Mortgage, foreclosure 6y juditiai proreedirtg and saM of the Property.
<br />The notke shall further inform Borrower of the riKbt to reirtsiate after acceieratiun and the right to ttsaed in the foteclosurc
<br />proceeding the non-exttleoce of a default or any other defettse of Borrower to acceleration and foreclosure. If the brcarh
<br />is not cured on or before the date specified la the rrotice, Lender at Lenders option may declare all of the sums secured by
<br />this Mortgage to be irnmedfately doe and payable without further demand and may foreclose by judicial proceeding. Lere~er
<br />shall be entitled to collect in each proceeding all espertses of foreclosure, including, but not limited to, costs a[ documentary
<br />evidence, abstracts and title reports.
<br />Yq. Boerowe:•s Right to Fsittstsle. Notwithstanding Lender's acceleratior. of the sums srcurred by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this hfortgage discuntinutd at any time
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