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79--~ ~~Ue.~~:
<br />Lender's written agnzament ar applicable taw. Borrower sltail pay the amount of all mortgage insurance pu•emiums in the
<br />manner pfovidzd 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 Borrowrr 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 ai such rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in Yhis paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />S, Inspection. Lender may make er cause to be made reasonable entries upon and inspectionx of the Property, provided
<br />that Lender shat( give Borrower notice prior to any such inspection specifying reasonable cause therefor related to L.ender'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 com•eyance in lie^ of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall he applied to the sums secured by this Mortgage,
<br />whit the excess, if arty, paid to 8orrower. in the event of a partial inking 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 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 oilers to make
<br />an award ar settle a claim Cor damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration ar repair c:f the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, am such application of proceeds to principal shall not ext: r.d
<br />nr postpone the due tl:+~e of the monthly installments referred to Ln paragraphs t and 2 hereof ctr change the amount of
<br />such installments.
<br />!©, Bcfrvwer Not Released. Fstension of the time for payment nr modification oC amortization of the sums secured
<br />by this Mortg~gz granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the Liability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<br />pro<ecdines against such successor cr 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 the original Borrower and Borrowers successors in interest.
<br />[1. Forbearance by Lender Not a Wah•er. Any forbearance by (. ender in exercising anv right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall riot he a waiver of or preclude the exercise of any such right nr remedy.
<br />The pra;urement of insurance or the payment of taxis or other liens or charges by Lender shall not be a waiver of Lender s
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. RPmedres Cumulative. All remedies pro.ided in this Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage or afforded by taw or equity, ono may he exercised concurrently, independently or successively.
<br />l3. Successors and Assigns 8ouml; 3oinf sad Several f.iabt7ity; Captions. The covenants and agreements herein
<br />contained shalt 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. .Ail covenants and agreements of Borrower shall he joint and sevrral.
<br />The captions and headings oc` the paragraphs of this Mortgage arc for convenience only and are oat to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable taw to 6e given in another manner, (a) any notice m
<br />Borruwcr provided ibr in this Mortgage shat! L±e given 6y 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 Linder as provided herein, and
<br />(~) any notice to Lender shall bs given by certified mail, return receipt requested, to l.endet's address stated herein ur to
<br />su:.h athc'r address as I.znd'cr ma} designate lay notice to Borrower as provided herein. Anv notice provi~tEd for in this
<br />Mortgage sfiall be deemed to have been given to Borrower or Lcrtder when given in the manner designated herein.
<br />!S. Uniform Mortg~r; Guvernlag I,aw; Srvrrability, This form oC mortgage comhine-s uniform covenants for national
<br />trsz and ntsn•unifurn? covenants with Limited vacations by jurisdiction to censtituts a uniform 3ecurin inxtirFtn~ent covering
<br />,eI __
<br />=a 3. r° Tl:: c ~,= ,h .t ~rn~d z~~ ;(:c iaw• of tfie urie3t~tion tit v. h.°L; tLt~ Pro--r•
<br />r`''N"~ = a`~'"- - 1 •4 c ~+c tY ix IoeaiEti. In tlta
<br />event that :toy proviso i; nr clause otvihrs MortgaXt or the Note conflicts with ap[ih~.tbte law such conflict shill oat afftsE
<br />other provisions of tt orgage or the Nots which can tae given effect without the conflicting provision, and ter this
<br />end the pr,+tnions ~.f nc Rio. igage anti tfie 'dote are ttceLared [o Lae srverabir.
<br />16. 1i<orrower's Capy. Borrower shall he furnished a conformed copy of the Notc and of this Mortgage at the time
<br />of sxzeut.iun or after recordation hereof.
<br />17. Transfer o[ the Prop-tetty; Assumption. if all ur any part of the Property or an interest therein is sold or transferred
<br />by Borower without Lender's print written camsent. excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (h) rtes creation of a purchase money sEeurity interest ter household appliances, (c) a transfer by devise,
<br />descent or b}• u~ration of law upon the death of a joint tenam or (dt the grant of any leasehold interest of theca years or less
<br />nai containing an option to purchase. [.ender may, at Lender's option, declare ull the sums secttred by this Martgags to br
<br />immediately due and payahle. Lender shall have waived such option u+ accelerate if, prior to the sale or transfer, (,ender
<br />and thr person to whom the Property is to be sold or transferred reach agrermcnt in writing that the cre.tit of such person
<br />is salisfactitry a, Lender and chat the interest naynble on the sums secured by this hfertgage steal! be at such rates ! ender
<br />shall request. it lender has waived the; option to accelerate provided in this paragraph 17, slid if Borrower's suicexsnr in
<br />interest has executed a written assumption agreement accepted in writing by Lrn.kr, (.ender shall teicase Borrower from all
<br />obligations under this Martgbg>n and the Notc,
<br />IC Lender ez,,rcises such option it, aicElErare, I.emkr shall mail Burrower notice of acceleration in acirtedance with
<br />paragraph 1•i hereof. Such notice shall provide a period pf not LESS than 30 days Pram the date the noticE is matted within
<br />whidr Borrower may pay the sums declared dos. If Iorrower fails to pay suite some prior to the expiration of sttch prritad,
<br />Linder may. without further notice or demand ern Borruwcr, invoke any remedies permitlnd by paragraph f g hereof.
<br />Nov-Urttr*cx~t C^va Y.k;2'r8. Bcrrcv:;rr :rod Lender fnrthrr cuvenanf and agree as follows:
<br />Ig. Accekratioa; Remedies. F•xrept as proridtd in paragraph 1T hereof, upon 8arrower's breach of nay caveaapt or
<br />agrrenMnt of 8orrower io th4 MartgaQr, ittektdhtg the cnvoaaats to pay whoa due any same area by the Afertgag€,
<br />Lewder prior to accekratbn else(( mall notice to 8orrower ~ presided in paragrnph 14 hereof spool#yi~: ii) ibe breach;
<br />(S} the action req~nired to cure such breach: 13) a date, not less than 30 days tram Me data the noHre b mailed to 8orrower,
<br />by wblch stab bsearf£ mgt ~ eta+tdE sad fA) that faUare to care such brrarh on or belare fire dMe spocifitrd is the rwticr
<br />mt+Y resale to acerlerattoa of the stu« a secured by this Mortgage, forectosaro by judicial pnrceedtog atM sale a[ fix Property.
<br />1'he entice shall further inform titotrowrr of the right to reiastatt after accekratioa and ihr right to aseert in the forechrsure
<br />praceediat{ the noq-exlsernce of a defaul£ or any aliter drtease of 8orrower to acceleratba and tarecMsarr. ft the breach
<br />!s not cared on or before the date speci@ed in the notice, Leader at Ixnder's option may declare all of the same secured by
<br />tlria Motgage to be immediately due and payable without further demand and may farrclase by judkhrl proceedl~. Lender
<br />shall he entitled to rnllect in such praceeditrg all expellees of fotxxlosare, lwdutHag, bat not limited to. casts of dacaenentary
<br />evt~-rice, abstrwcls sad rite re'.:::~.
<br />19. 8o..aRet's r~hi ta°arl~te. Nntws£hstanding LEndet's aceeteratian of the sums secured by this Mortgage,
<br />Borrowrr shaft have the right to leave any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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