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<br />Lender"s written aereement or applicable law. Borrower shall pay the amoont of all mortgage insurance prsmiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with. interesrt thereon, shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower :tad Lenitler agree to other Corms of pa' meant, such
<br />amounts snail he payable upon notice from Lender to Borrower requesting payment thereof. and shalt 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 rate would be contrary to applicable law, in which event such amounts shall bear interest as the highest rate
<br />pe:missibte under applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action here!~nder.
<br />;i. Inspection. Lender may make or cause to be 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. T,ne proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />condemnation nr other taking of the Property. or part thereof, or for conveyance in lieu 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 be applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to 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 the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the Burns secured by this Mortgage immediately prior to the date of
<br />4 taking tears m 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 i.<, abandoned by Borrower, or if, after notice by Lender to Aorrower that the condemnor offers to make
<br />an award ar setNe a claim for damages. Borrower fails to respond zo Lender within 30 days after the date such notice is
<br />mailed. Lsnder is authorized to collect and apply the proceeds. at Tender's option, either to restoration or repair of the
<br />Property nr to the sums secured by this Mortgage.
<br />Linters Lender and Aorrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />nr postpone the due date of [he monthly installments referred to in paragraphs 1 and ?hereof or change the amount of
<br />such installments.
<br />id. Borrower Not Released. Extension of the time for payment nr modification of amortization of the Burns secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall oat operate to release. in any manner.
<br />the liability of the original Borrower and Borrower'; successors in interest. Lender shalt not be required to commence
<br />proceedings against such successor or refuse to extend time for payment nr otherwise modify amortization of the sums
<br />secured by this Mortgage by ream^ of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Fnrbearanse by L ender Not a Waie•~r, .An_s~ forbcaran~rv b: Lensier in €xercising any right or remedy hereunder, or
<br />ntheru•ise afforded by applicable law, shall not tx a waiver of nr preclude the exercise of am' such right or remedy.
<br />The procurement of insurance or the payment of saxes nr other liens or charges by Lender shnli not be a waiver of Lender's
<br />right m accelerate the maturity of the indebrednecs cccured by thin hlnrtgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage am dist,nct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may t+c cacrcised concurrently, independently or successively.
<br />I3. Successors and Assigns Bound: Joint and Several J.iabiiity: CapBons. The covenants and agreements herein
<br />contained shah hind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph t' hereof. Att covenants and agreements of $nrrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and arc not an he used to
<br />interpret or define the arovisions hereof.
<br />14. Notice. Except for any notice required under applicable taw to be given in another manner, ta) any notice to
<br />Borrower provided for in this Mortgage shall t+e given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein. and
<br />fin) any notice to Lender shall he given by certited malt, return receipt requested, to Lender's address stated herein nr to
<br />such other address as Lender may designate t,y notice m Borrower as provided herein. Any notice provided for in this
<br />Mc+rtgage shah i+e deemed to have been given to Borrower or Lender when given in the manner designated boccie,.
<br />I3. iJniform 'i$ortgaQe; vu+erring Law: SeverabBity. This form of mort+;a~e combines uniform envenants for natinnat
<br />use and nor.-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real ptoeerq. This Mortgage shall tx governed by the law of the jurisdiction in which [he Property is located. In the
<br />event that any nrevi5inn er clause of this MMort,age nr the Note conflicts with applicable law, such conflict shalt net affect
<br />ether °- _;` 't°:. 's.,::..;::- c+r tl*z ":ate which can be *ivzn ztdzct ;vitltntrt thz conflicting envision. anon. t.? this
<br />end the provisions of the ortgage and the Note arc declared to he severable.
<br />ie. >gomrv<er`s l'opy, itnrrower shall be furnished a conformed copy of the Notc and of this Mnttgage at the titrte
<br />e~f execution ,~r after recordation hereof.
<br />17, 't'ransfer of the Property; Assumption. If all or any par[ of the Property or an interest therein is sold nr transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien nr encumbrance subordinate to
<br />this Mortgage. (hi the creation of a purchase money security interest for household appli:mces, (c) a transfer by devise.
<br />descent or by operation of law upon the death of a joint tenant or (fir the grant of any leasehold interest of three years or Icss
<br />not containing an nation a+ purchase. Lender may, ut Lender's option, declare all the sums secured by this ivlorteage ro he
<br />immediatey due and payahk. Lender shall have waived such nptiim to accelerate if, prior to the ,ale or transfer, Lender
<br />and the per.or. to ufiom the Property is to be sold or transferred reach agreement in writing that the credit of wch pzrson
<br />is satisfactory to Lender and that the interest payable nn the Bunn secured hs this Mortgage shall bc: at such rate :+~ Leader
<br />shall request. !f I ender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest ha, executed :: written assumption agreement accepted in urititeg by Lender. I.eti aer shall release Borrower front al!
<br />oblig:uions under this Mnngage and the Nnte.
<br />It lender exercises such option to accelerate. Lender ,hall mail Borrower notice of acceleration in ac+mrdanec with
<br />paragraph tit hereof. Such notice shall provide a period of not Tess than 3l? fines from the d:ue the notice is matted bvithin
<br />which Bornwer may pay the sums declared due, If &xroucr fails to pan sueh sums prior to the expiration of each {xrind.
<br />(.under may, without fltrther notice nr demand nn Borrower, invoke any remedies pernutted by paragrapfi 1R hereof.
<br />Nuts-Uwt oast CowtvnN rs. $nrrower and !.ender further envenom and agree as follows:
<br />I8. Acceleration; Remedies. 13xcept ns provided in paragraph 17 hereof, upon Borrower's breach oI any covenant or
<br />agreement of Borrower in the; Rtortgage, inzludittg the eorznanis fo pay when due any sums secured by this Atorigage,
<br />Lender prior to acceleration shad mail notice to Borrower as provided in paragraph 14 hereof specifying: (I) the breach:
<br />f2) the action required to cure such breach; i3) a dale, not less than 3(i days from the date the notice is mailed to Borrower.
<br />by which such breach must be cured; and td) that failure to cure such breach on ur heiore the date specified in the notice
<br />may result in acceleration of the sums secured by this Mortgage, foreclosure by jud[clal proceeding and sale of the Property.
<br />Tate notice shalt further inform Borrower of the right to reinstate after acceleration and the fight [o assert in the foreclosure
<br />proceeding the non-existence of a default o: any other defense of Borrower to acceleration and foreclosure. if the breach
<br />is not cored on or before the date specified in the notice, !.ender at Lender's option. »ray declare alt of the Batas secured by
<br />this Mortgage to be immediately due and payable without further demand and may foreclose by judicial proceeding. Lender
<br />snail be entitled to collect in sueh proceeding al! expenses of foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstracts and title reports.
<br />1§. Borrowers Right to Reirtstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shah have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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