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<br />Lender's written agreement or applirabi''e taw. Harrower shai,i pay the anioatnt t>f ail mortgage insurance premisrrrts in tN'ae
<br />Wanner pt'avided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additienai
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable open notice from Lender to Borrower requesting payment thereof. and shall bear interest from fhe
<br />Sate of disbursement at the sate 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 at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />&. Inspection. Lender may make or cause to be made reasonable enit'ies 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 Properly.
<br />y. Condemnation, The proceeds of any award or claim for damages, direct ar consequential, in connection with any
<br />condemnation or other taking of the Property, ar part thereof, ar for conveyance in lieu of condemnation, are herehy assigned
<br />and shall be paid to Lender.
<br />[n the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage,
<br />with [he excess, if any, paid to Borrower. Tn the event of a partial taking of the Property. unless Bormwer and [.ender
<br />otherwise. agree in writing, there shall bi applied tc the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums steered by this M1iortgage immediately prior to the data of
<br />taking bears to the fair market valor of the Property immediately prior to the date of taking, with the balance at the procreds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by lender to Borrower that the condemnor ofLers to make
<br />an award ar settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dare such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, a! Lender's option, either to restoration ar repair of the
<br />Property or to the sums secured by this Mortgage.
<br />:?nlrss Lender and Borrower otherwise agree in writing, anc such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof ar change the amau~,t of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums securea
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liahility of ;hi original Borrower and Borrower's successors in interest. t_rnder shall not be required to commence
<br />prar_eedingc an:~~est s!!cit successor ar refuse io extend tine for payment er otherwise modif}• amortization of the sums
<br />secured by this .Tortgage isy reason of any demand made by the anginal Borrower and Borrower's successors in interest.
<br />il. Fot•bearance by Ixnder Nat a Waiver. Any forbearance by [.ender in exercising any right or remedy hereunder, ar
<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 insurance or the payment of taxes or other liens or charges 6y Lender shall not 1x a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness sectored by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently or successively.
<br />i3. Successors and Assigns Bound; Joint aad Several i,iahility; Captions. 'fhe t:m'enants and agreements fierein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrawer,
<br />subject to the provisions of paragraph 17 hereof. 111 covenants and agreements of Borrower shall be ioini and several.
<br />The eaptiars and headings of the paragraphs of this Mortgage are far com•enience only and are oat to hr used to
<br />interpret or define the provisions hereaf.
<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 Borrower at
<br />the Property Address or at such ether address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified naafi, return receipt requested, tc Lender's address slated herein or to
<br />such vthar address a Lender ma=; designate by natici to Borrower as provided herein. Att}' notice provided far in th'ss
<br />Mortgage shall he deemed to have here given to Borrower or (.ender when given in the manner designated herein.
<br />iS. Uniform M1itrrtgagr; Governing Law; Severability, Phis farm of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by ittrisdiction to constitute a uniform security instrument eoa-wing
<br />~.,._
<br />rail t-~al~r=.v '1'I.is ?:Sc;rt=:;;rr s!:atl ta< •,~~rnrd by Eh; }aw ~,f t}ir iunsdi4tior. in which the Pro~r*.y is le~•ated. In the
<br />evenl~ihat any provision or clause of this Mortgage ar the Nate rnnflicts with applicable taw, such conflict shall not afTret
<br />enter provisions of [his hiartgage ar thi ;vote which can i+c given erect without the conirieting pravisian, and to this
<br />end 4hr r5rpf+~:'isi3ns bf the ~1r,rtgngr :.nu' fhe ~;tc are 3celared to Fir ~ gable.
<br />I6. D,1mrwCr 5 Copy. BOCrawer shall he furnished a conformed rnpy of the Nate and of this Mortgage at thz. time
<br />of execution . r after rcordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is Bald ar transferred
<br />by Harrower without Lender's prior writtc^ consent, excluding (a1 the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (bl the creation of a purchase money scrurit}' interest for household appliances. (cl a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant ar Idt the grant of any leasehold interest of three years ar less
<br />not containing an option t„ purchase. Lender may, at Lender's option, declare all the sums serure3 by this Mortgage to ix
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prier to the sale or transfer, Lender
<br />and the person u+ whom tree Property i, to be sold or transferred mach agreement in writing that the creeiit of ;uch person
<br />ix satisfacton' w Lender and that the interest payable on the sums secured by this Morteage ,hall he ai such rate as Lender
<br />shall rcyuist. if Lender has waived the option to accelerue provided in this paragraph t7, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Linder, Lender shall release Harrower from all
<br />abiigatians under ih~s Aiartgage and the Note.
<br />if Lender exercises such option to accelerate. Lender shall mail Borrawer notice of acrrleratran in acrnrdanre wtth
<br />paragraph 14 hereaf. Such naiice shall provide a period of not kss than i(} days fit>m ihr date the nnotici is mailed within
<br />which Harrower Wray pay the sums declared due. It Borrawer fails to pay such sums prior to the expiration of such period.
<br />Lender may, withoot Norther notice or drrnand on Harrower, invokr any rrntrdics permitted by paragraph iR hereaf.
<br />Na.•-L~~°tror;st {'ovtsw,st~rs. &,rrower and Lrndrr further c.,vrnant and ;tEtrr as f„slow.:
<br />18. Acceleration; Remedies. F,zeept as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrower in this Mor9gage, including the covetwnis to pay when due any saws secured 6y /hh Mortgage,
<br />Leader prier to accaiersthsn shag mail rroSce to Borrawer as provk{ed in paragraph 14 hereof sperifyittg: (1) the breech;
<br />(2) the action reytilrrd to cure such breach; (3) a date, not ices than 3p days from the date the notice h mailed to Borrower,
<br />by wbic6 sock hraach mt~fi be cared; and (d) that faiinn to rare such breath on ar befoe the date specifkd in Fhe ttoftee
<br />map result in aecehtrntion of the sums secured by this Mor".gage, foreclosure by judicial proceeding and sale of the Properly.
<br />'Cho notice sbaii farther inform Borrower of the right to reiastWe after acceleration and the right to assert in the foreclosure
<br />proceeding the troll-ezistenr4 of a def:utt or any other defetase of Borrower to acceleration and foreclosure. If the bresch
<br />is not cored as or before the dste sperl6.d in the notice, Lender st Lender's option may declare all of the sums secured by
<br />ihh Mortgege Ua be immediately due attd payabk withnnt further demand sod may foreclose by judicial proceeditte. Lender
<br />shall be entitled to collect is such proceeding a!i ezpettses of foreclosure, ineiudittg, bat not Bmited to, costs of documentary
<br />ovidenee, abstracts end title reports.
<br />19. Borrower`s Right to Relaratate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />Borrawee shalt have the right to have any prc:eztiings t~gun lty [-ender to enforce this 4lortgage discontinued at any time
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