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79.--t I~b~~~~~~~~~£~
<br />Lendler's written agreement ar applicable law. Harrower shall pay the amount of all mortgage insurance prc:miurns in the
<br />manner ptavided -under paragraph 2 hereof.
<br />Any arnounts disbursed !sy Lender pursuant to this paragraph 7, with interest thereon, sha1F become additiana1
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree m other terms of payment, such
<br />amounts shalt be 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 tzar interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. trtspection. 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 io Lender's
<br />interest in the Property.
<br />9. 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, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />nd shall he 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 />wish the excess, if any, paid to Borrower. In the event of a partial takin_v. of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such pnportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immedi>tely prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with she balance of the proceeds
<br />paid to Borrower.
<br />Ff the Property is abandoned by Borrower. or if, after notice by i.ender to Borrower that the condemnor offers to make
<br />an award ar settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, bender is authorized to collect and apply the proceeds, at Lend?r's option, either M restoration ar repair of the
<br />Property nr to the sums secured h}' this Mortgage.
<br />Unless Lender and Barrnwer otherwise agree in writing. any such application of proceeds to principal shall oat extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and Z hemai or change the amount of
<br />such installments.
<br />10. Borrower Not R~Itased. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgag,• granted by Lender to a,q~ successor in interest of Borrower shall oat operate to release. in any manner,
<br />the liability of tl:e original Bonower and Borrower's successors in interest. Lender shat! oat be required to commence
<br />psoctedings against a€ch successor or refuse to extend time for payment or otherwise modify amortzatien of the sums
<br />.-... •*d by *I€i: M^. b•. ^f demand °d^ by the original Harrower and Harrows ., st€cressars in ^ttrest.
<br />r~,11. Farbearance~by ixnder Nat a Waiver. Any forbearance by Lender in exercising any right~or remedy hereunder, or
<br />otherwise atzordtd by appiirablc law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pra;urement of insurance ar the payment of taxes 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 />i2. Remedies Cumulative. Ali remedies provided in this Mortgage are di=•inct and cumulative to any other right or
<br />reined}' under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently ar successively.
<br />I3. Successors and Assigns Bound; ]pint and Several t.iability; Captions. The rnvenants and agreements herein
<br />contained chap bind. and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. .Ali covenants and agreements of Harrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or deftnt the provisions hereof.
<br />#A. Notke. Except far any notice required under applicable law to be given in another manntr, (a) any nMiee 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 />(b) any notice n3 Lender shall be given tsy certified mail, return receipt requested. m Lender's address stated herein or to
<br />such o€her address as Lender may designate by notice to Borrower as provided herein. :joy notice provided for in this
<br />Mortgage shah ik deemed r•~ hax°t been given to Barrowtr ar Lender when given in the manner dtsigna2td betel :.
<br />PS. Uniform Martgafte: governing Law; Severabpily. This form of mortgage combines uniform covenants far national
<br />use and non-uniform a:ve:rants with !trotted variations by jurisdiction to constitute a unifarrt: seruray instrument covering
<br />real property. "t~:is Mctrtga3e shall ht I2averned by the law of the jurisdiction in which the Proptm° is taxateai. in the
<br />event :`.~ -- -- -.~ .-_ f this a,o:€ a t or the Nott canfticts w°ith ~ .lieahl-c Saw, s€r=-h c~,nRi.E slssll ~*ot atT~=t
<br />other provisions of this t.{ortgage or the Nate which can be given effect without the ranfiicting provision. and to this
<br />end fhe prnvisic ns of rht M=,~ mgt and the Nett era dz<lared h~ he severable.
<br />tai. Barrawrrs [ spy. rarrowcr shall br furnished a conformed copy of the Note and of this Mortgage at tfiie time
<br />of execution or otter retardation hereof.
<br />I7. Transfer of the Property; '.assumption. If all ar any part of the Property or an intertst therein is sold ar transferred
<br />by Harrower without !_eader's prior written consent excluding (a) the creation of a Tien or encumbrance subordinate to
<br />this btortgage, (h) the ereaunn nt' s purchase money security interest for household appliances, (e. a transfer by dtvise,
<br />descent ar by operation of law upor. the death of a joint tenant ar (d) the grant of any Itasehold interest at' three years or less
<br />nut containing an option to purchase. !.coder may, at L.ender's option, declare sell the sums sccurtd by this hiottgage to be
<br />immediately due and payable. Linder shall have waived such option to accelerate if, pricer to the sale or transfer, Lender
<br />and the person to whom the Propcrt} is to be sold or transferred reach agreement in writing that the credit of uteh person
<br />is satisfactory to Ltndrr and that the interest payable on the sums secured by this Alurtgage shall he at such rate .ts Lr-elder
<br />shall request. If Lender ha_F wasvei th€- ep,ien to accelerate provided in this paragraph 17, and if Berrowtr's su__essor i
<br />intertst has executed a written assumption agreement accepted in writing by Lendtr, Lendtr shall release Botrnwer from all
<br />«btigations under this htongagt and the Note.
<br />If f.tndtr txtrciscs such apt,on tt~ acttdctatt. i tetdtr Shall tnaii Heorrawtr notice of acceleration in accordanet wish
<br />paragraph IJ tterenf- Sucb notice shall provide a period of not less than it_1 days i'n,m the date the native is mailed within
<br />which Barrowtr may nay the sums declared due- It Borrower fails to pay Stich sums prior to the expiration of such period.
<br />Lender may, without further notice nr demand on Borrawrr, invoke any remedies permitted by paragraph 1R hereof.
<br />Cva;-Intr.;ka, i'.;v ~;:,:ta FS. Brrosver and Lender further covenant and egret as falh-rws:
<br />18, Acc~rstloet; ?lend. Estop! ~ ptov~ed is paragr~tlr l7 teeseot, span Horrowrr`s !mach at any covenant or
<br />t~reetnent of Harrower in this iYlortgage, includiug the covenants to pay when due am sntrrs secured by td~ Mortgage,
<br />Leer prioe to acceleration sixes mail twelve to Borrower as provided in paragrrpPt td hereof spedtyittg: (1) the breach;
<br />(2) the actin regrdrrd fo Corr such breach; (3) a data not less than 39 days from the date the notice is mailed to Borrower.
<br />by whlcb such breach mast be cured; and (4) that failure to tore such breach ou or before the date aptcified in the rwdce
<br />may resntC in acceleration of the sums secured by this Mortgage, foreciasarc 6y judicial proceeding amt Brie of the Property.
<br />The notice shall further inform Borrower of the right to rcbactate otter necelentbn and the right to assert in the torrcMsurc
<br />proccetliog the non-exlstrua~e of a default o: any other defrase of Borrower to atcekratMn and foreclosntr. If the breach
<br />is cwt cured on or before the date speti(isd in the entice, homier at bender's option may declare all of the sums colored by
<br />this Mortgage to be immediately due and psyabk without further demand and may foreclose by judkial proceeding. Linder
<br />shall tea cntkkd to collect to such proceeding al! expetsses o[ forccbs:ere, irxludiag, but not iimMed !o, costs of documentary
<br />evidence, absirects a~ title rrporYa.
<br />19. Borrower's Right to Reiosiaie. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Bgrmwer shall have the right to have any proceedings begun by Lender [o enforce this Mortgage discontinued at any time
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