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<br />i.end;;r'r; written tugre.errsettt or applicable taw. Borrower shall pay the amotr,nt of all mortgage insurance premiums in the
<br />manner pnavidec,f under paragraph 2 hereof.
<br />.4n}• amounts disbursed by Lender pars:rant to this paragraph 7, with inteCesY thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree eo 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 />date of disbursemem 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 hear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 1 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />S. Inspection. I_endPr may make or cause to be made reasonahie entries upon and inspections of ehe Properly, provided
<br />that Lender shall give Borrower notice prior to any such inspection specif}'ing reasonable cause therefor related to Lender's
<br />interest in thr; Property.
<br />9. Condemnstian. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Prapen}', or pan thereof. ar for cam•eyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />1n 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. ]n the event of a partial taking of the Property, anless Borrower and Lender
<br />otherwise zgrec in writing, there shat! be applied to the sums secured 6y 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 ro the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is ahandoncd by Aormwer, or if. after notice by [_ender to Borrower [hat the condemnor offers to make
<br />an award rr settle a claim for 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 ro restoration or repair of the
<br />Property ar to the sums secured by this Mortgage.
<br />Unless Lender and Barrower otherwise agree in writing, any such application of proceeds ro principal shall not extend
<br />or postpone th:: due date of the monthly installments referred to in paragraphs i and Z hereof or change the amount of
<br />such installments.
<br />Ifi. Borrower Not Released. Iiytensian of the time for payment or modification of amortisation of the sums secured
<br />b}• this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liability' of the origin: i Borrawer xnd Borrower's successors in interest Lender shall not he required to commence
<br />proceedings ag.: nsr such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured h}• this ~xzortgage by reason of any demand made by the original Borrawer and Burrowers suc«-;.sots in interest.
<br />11. Forbearance h}• fender Not a R'aiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />atheru•ise afforded by applicahio law. shall not be a waiver of nr preclude the exercise of anv such right or remedy.
<br />The procurement of insurance ar the payment of taxes ar 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 />i2. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right ar
<br />remedy trader this Margagc or afforded by law or equity, and may he exercised concurrently, independently ar successively.
<br />13. Successors and Assigns Bound; Joint and Scrotal Liability; Caption. The covenants and agreements herein
<br />contained shall hind, 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. All covenants soil agreements of Borrower shall be joint and several.
<br />The captiors and headings of the paragraphs of this biartgagc arc for convenience onlc and are not to be used to
<br />interpret ar define the provisions hereof.
<br />14. Native. Except for any notice required under applicable law to he given in another manner. (al am• notice to
<br />Borrower pravided for in this Martgage shall he given by mailing such notice by certified mail addressed to Barrower at
<br />the Property Address or at such other address as Barrower may designate by native to I-ender as pravided herein, and
<br />(bl any notice to Lender shall he given by certified mail, return receipt requested. to lenders address stated herein or to
<br />such other address as Lender may designate by notice to Aormwer as provided herein. Any natire provided far in this
<br />Aortgage shall he deemed to have been given ra Barrower or L.cnder when given in the manner designated herein.
<br />15. Ctniform Mortgage; Governing I,aw; Severahility. This farm of mortgage eambGtes uniform covenants far natiena)
<br />t~>c and a€?n-uniform covenants with limited variations by jurisdiction tp ranstiunr a unifem? security instrum~:;t courting
<br />n;al pra~.rty. This Mortgage shall Ix. governed hV the law of the iurisdictian in which the Property is lruatr<d. In the
<br />Gwent that any ari>r'i;ii?ri ar ~,a.t,e of i~ is °viart Qiige ar tltC NatC cantiiri5 with eppliraf:lc law, srtch eanPict x'.^.311 ::irf 3geir
<br />tither nrnvisians erf this MarteaGe ar the NMC which can be given effect without the cottfiicting provician, and to this
<br />end the provisions of the Martgage anti the 'vats are declared to be severable.
<br />ItS. Borrtrwrr's Cop}. Bortoucr sha[I hi tarnished a conformed copy et She ltiate and of this Mortgage at the tune
<br />of execution or after rceardatinn hereof.
<br />17. Transfer of the Property; Assumption. if alt or any part of the Pmpcrh or an interest therein is st?Id ar transferred
<br />by Borrawer without Lender's prior wrinen consent. excluding (al the creation of a lien or encumbrsnee subordinate a~
<br />this Mortgage, ibl the creation of :: purchase ntaney security interest for household appliances. !cl a transfer by devise
<br />descent ar by operation cif !aw t!p«r. the death of a taint tenant ar td+ the grant of an} Icasehald interest t?t three }•ears or less
<br />oat containing an option n~ punhase. Lender may. at Lender's option, dectarc all t!tr sums scented h} this lsiortgage u? be
<br />immediatel} due and payable. [ender shall have waived such option h, accelerate if, prior to the .ale or transfer. Lander
<br />and the person to whom the Prupert} is to he sold or transferred tenth agrccment in writing that the credit of such person
<br />is sntisfuctor} to Lender and that the interest payable an the sums secured by this hiortgagr cha11 he m such rate as Lender
<br />shall request. If l.en Jar has waived the option to accelerate pravided in this paragraph I?. and if Borrower's su=cessa7 in
<br />interest has excculcd n written assumption agreement accepted in writing 6}• Lender, [,ender shall release Borower from all
<br />ahligatians under This Martgage and the Note.
<br />if Lender exe!.ist such option to accelerate. Lender shall mail Aormwer notice of acceleration in ara•rdancr with
<br />paragraph 14 hereof. Such native shall pravidc a period of not less than 30 da}s tmrn the date the notice is mailed within
<br />which Born?war may pay the sums declared due. i( Borrower fails a? pay such sums prior to rho expiration of such period.
<br />Lender may, without further notice or demand an Barrower, invoke any remedies pernutted by paragraph IR hereof.
<br />- fir?>v-itNn~otcnt C"out;-Iwxr~'rs. Borrcrwcr and Lcndcr iurthcr coienanr and agrcr a fc+lin+vt:
<br />IS. i;,rreieration; Remedies. 1F,xcepi ac provided in paragraph 17 hereof, upon Burrowers breach of any eavennnt or
<br />agreement of Borrower in this Mortgage, including the covenants to pay when due anv sums secured by this Afortgagc,
<br />Lender prier to acceleration shaA malt notice to Borrawer as provided in paragraph td hereof specifying: tt) the breach:
<br />(2) the action required to cure such breach; (3) a date, not less than W days from the date !be notice is mailed to Borrayer,
<br />by which such breach must be cured; and t4) that faitnre to cure such branch on or before the date specified in the natire
<br />may result in acceleration of the sums secured by Phis Mortgage, foreclosure by judicial proceeding and sate of the Property.
<br />The notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert to the fotectasure
<br />ptwceeding the non-existence of a default or any other defense of Borrawer to acceleration and foreclayure. If the breach
<br />' is oat cured an or Infore the date specified in the notice, lender at Lender's option may declare aB of the sums secured by
<br />this Mortgage Eo be immediately due ant' payable without further demand and may farecMse by iudicial prtxeeding. Lender
<br />shat! Ire tntified to eo0e€t in such proceeding alt expenses of foreclosure, ineludtng, but oat linked to, casts of documentary
<br />evidence, abstrnets and title reports.
<br />I4. Borrower's Right to Reiaxtate. Notwithstanding Lender's acceleration of the sums secured by this Martgage,
<br />Borrawer shall have the right to have any proceedings begun by 1_ender to enforce this Martgage discontinued at any time
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