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Lender's written agreement or applicable taw. Borrower 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 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 thereof, and shall bear interest from the
<br />0 date of disbursement at the rate payable from time [n time on outstanding principal under the Note unless payment of
<br />.' interest at such rate would be contrary ro applicable law, in which event such amounts shat! bear interest at the highest rate
<br />permissible under appficabie law. Nothing contained in this paragraph 7 shat! require Lender to incur any expense or take
<br />~ any action hereunder.
<br />8. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that l.cnder shall give Borrower notice prior to any such inspection specifying reamnable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall hr paid to 1_ender.
<br />in the event of n total taking of the Property, the proceeds shall he applied to the sums secured by this Mortgage.
<br />with t',r excess. if am•. paid to Bormw•er. Ln 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 eyual to that proportion which the amount of the sums secured by this Mortgage immediately prior ro the date of
<br />taking hear. to the (air market value oP the Properry~ immediately prior to the Jate of taking, with the balance of the proceeds
<br />paid n, Borrower.
<br />If the Property is ab:mdoned b}' Borrower, cr if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle n claim for damages, Borrower fails to respond to Lender within ?0 days after the date such notice is
<br />mailed. L.cnder is mtthoriTCd to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Properq~ or m the sums secured hs• this Mortgage.
<br />Unless Lemier and Bnrn,wvi .~, - agree 'v: u~ritinn. am• such application of prnc:eeds to principal shall not extend
<br />or postpone the due date o(the monthly installments referred to in paragraphs I and 3 hereof or change the amount o.
<br />such installments.
<br />]0. Borrower Not Released. Extension of the time for payment or modification of amorti7aGon of the sums secured
<br />by [his Mortgage granted by i.ender to anv successor in interest of Borrower shall not operate to release. in arrv manner.
<br />the ii;:i;ii:; .~. - .,ri~ia::! °crr^«•Pr and Borrower's successors in interest. !_ender shall not !~ ;eyuired t. mmence
<br />proceedings against such successor or refuse to extend time for payment or otherwtse mndii7 anxniicaGo~~ ~'he °-...._
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest`
<br />~, 1 i. Forbearance by Ixnder NM a Waiver. Ana forbearance by Lender in exercising an}' right nr remedy hereunder. or
<br />otherwise afTordeJ by appficabie law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The prxurcmert of insurance or the payment of taxes or other liens or charges by Lender shat! net he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />I2. Remedies Cumulative. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or affordzd by law or equity, and may he exercised concurrently. independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several T.ia67ify; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to, the respective successors and assigns of i.ender and Barmwec
<br />subject to the provisions cf paragraph !? hereof. .All covenants and agreements of Bocmwer shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and arc not to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice reyuired 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 Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(h} anv notice to Lender shall he given h}' certified mail, return receipt requested, to Lenders address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. .Any notice provided for in this
<br />Mortgage shat! he deemed to have heen given to Borrower or Lender when given in the manner designated herein.
<br />_, t..., -:....-,C~r~c; r°~^^+t~a r aw: SeverabiRty- This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to tt+nsntu4: a uniform sacuui. ~ .::--
<br />real props-et}-. Thie Mcrigagc shall be govctne$ hs• the law of the jurisdiction in which the Peapcrrv"is Ixated~^tn the
<br />event that any provision nr clause of tfiis Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this hfnrtgage or the Note which can be given effect without the eonfiictirig pmwision. anti to this
<br />end the provision. of the ~lortgagc and the Nntc arc declared to he severahle.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />l7. Transfer of the Property; Assumption. T( a!I nr any part of the Property or an interest therein is sold or irancfernrd
<br />by Borrower without Lender's prie r written consent, excluding (al the creation of a lien or encumbrance sutx~rdinate rt+
<br />this Mortgage, Ih) the creation of a purchase money security interest for household appliances, (ci a transfer by devise,
<br />descent or by operation of law upon the death of a join tenant or (dl the grant of any leasehold interest of three years or less
<br />not containing an option to purchase. Lender may, at Lrnder'e option, declare :dl the sums secured by this Mortgage to he
<br />immediately due and payable. i.ender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person. to whom the Property is to be sold or transferred reach agreement in writing that the credit of such !arson
<br />is sausfacton~ d, Lender and that the inters payat?le on the sums secured by this Mortgage shall he at such rate as Lender
<br />shalt request. !f I ender has waived the option to aceelerttt provided in This paragraph 17, and if Anrroweri successor in
<br />interest has executed a written assumption agreement accepted in writing by !.ender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Notc.
<br />if Lender exercises such option Ai accelerate. Loader shall mail Borrower notice of acceleratron in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than 3(1 days from the date [he notice is mailed within
<br />which Born+wer may pa} the sums declared due. if Borrower talk to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke soy remedies permitter! by paragraph 13 hereof.
<br />NoN-LINO=oaM L ovtiNnN-ts. Borrower and Lender further covenant and agree us follows:
<br />18. Accekntion; Remedies. Except as provided in parm;raph 17 herraf, upon Borrower's breach of any cort:nant or
<br />agreement of Harrower in This Mlorlgnge, !ncluding the corenaMs to pay when due any sums secured by this M1forlgage,
<br />Leader prior to acceleration shall mail notice to Harrower as provided in paragraph ii hereof specifying: Il) the breach;
<br />(2) the tretioo required to cure such breach; i3) a date, oat less than 30 days from the date the notice is mailed to Horrower,
<br />by which such breach must be cured; and (4) that FaUure to cure such breach on or before the date specified in the notice
<br />may result in acceleration of the sums secured by this Mortgage, foreclosure by judicial proceedittg and sate of the Property.
<br />The notice shall further infwrm Borrower of the right to reinstate after acceleration and the right to assert in the fareciosurc
<br />proceeding the non-existence of a default or any other defense of Borrower to acceleratlon and foreclosure. If the breach
<br />Ls not cured on or before the date specified in the notice, Lender at Lender's option may declare ail of the sums secured by
<br />th6 Mortgage to be immediately due and payable without further demand and may foreclose by judiclat proceeding. Lender
<br />shall be entitled to collect in such proceeding all expenses of torcciosure, including, but not Iimlted to, costs of documentary
<br />evidence, abstracts and title reports.
<br />14. Borrower's Right to Reinstate, Notwithstanding Lendei s acceleration of the sums secured by this Mortgage,
<br />Borrower shall hsve the right ~o have soy proceedings begun by Lender to enforce this Mortgage discontinued at any time
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