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Lender's written agreement or applicable taw. Borrower she?I pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader pursuan4 to this paragraph 7, with interest thereon, shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of pa~men[, such
<br />r amounts shall be payable upon notice from Lender is Boreov-er 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 No[e unless payment of
<br />roterest at such rate would be contrary to applicable lay:, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender [o incur any expense or take
<br />;°~ any action hereunder.
<br />i~id• 8. Inspection. Lender may make or cause to be mzde reasnnable entries upon and inspections of the Property, provided
<br />thaF Lender shall give Borrower notice prier to any such inspection specifying reasonable cause therefor related [o Lender's
<br />f interest in the Property.
<br />~ 9. Coademrmffan. The prate-eeds 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 conveyance in lieu of condemnation, are hereby assigned
<br />and shat! 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. 1n 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 ivfortgage such proportion of the proceeds
<br />• as is equal to that proportion which [he amount of the sums secured by this Mortgage immediately prior to the dale of
<br />taking bears to the €air market value of the Property immediatel}' prior to the date of taking, with the balance of the proceeds
<br />paid to Borcowcr.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the rnndemnor offers tc make
<br />an award or settle a claim for damages, Harrower fails [o respond to Lender within 30 da}5 after the date such notice is
<br />mailed, Lender is authorized to ~liect and apply the proceeds. at tender's option, either to restoration or repair of the
<br />Property or to the sums secured by thi=_ Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, anv such application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installments refer-ed 20 in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />16. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Berrow•er shat) not operate to release. in any manner,
<br />:t,e ! _t,:t;rv .,f the R.,;-r..- ~~...^d ri"r......,. .............,.. Le.,~. sha:l be .:y'.` *ed .. ......,....
<br />proceedings against such successor or refuse to extend timefar payment or otherwise modif}' amortization*of~the sums
<br />secured by this Mortgage b}' reason of any demand mzde by the original Borrower and Borrowers successors in inferesi.
<br />IL Farhearance by Leader Not a I5'aiver. Am' forbearance b7 Lender in exercising any right or remedy hereunder. or
<br />otherwix afforded by applicable taw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />lire procurement of tu~.trance or the payment of ;axes er other liens or charges by Lender shall nai be a waiver of Lenders
<br />right to accelerate the maturity of t•t+.e indebtedness secured by this Mortgage.
<br />iL Remedies C~alatlve. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under Fhis Mortgage or afforded by taw or equity, and may be exercised concurrently, independently or successively.
<br />13. Saece~ors and Assigns Boond; 7oiat aml Several I;ab$ify; Captions. The covenants and agreements herein
<br />contained shah blvd, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subiect to the grovisions of paragraph 1? hereof. All covenants and agreements of Borrower shell be }dint and sweral.
<br />Ttx captions and headings of the paragraphs of this Mortgage are for convenience only and ate net to be used to
<br />interpret or define the provisions hereof.
<br />10. Notite. Excepr for any no*ice required under applicable taw to be given in another manner, fa) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Pmpern• Address or at such other address as Borrower may designate by notice to Lender as prodded herein, and
<br />(bl any rrotice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shag be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />I5. Uniform Mortgagr, Goverair:. °. sw; Severatritity. This farm of mortgage combines uniform covenants for national
<br />use and non-uniform ~venanis with fir,- -~,J variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any pmrsian or clause of this Mortgage ar the Note conflicts with applicable law• such conflict shall not affect
<br />other provisions of ibis Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />ettd the provisions of the Mortgage and Lhe Note are declared to be severable.
<br />i6. Hoeraower's Copy. Borrower shah be famished a conformed copy of the Note and of this Mortgage at the time
<br />of txecuriov or after recordation hereof.
<br />17. Tramfa of tine Property; Aasomptioo. If ail or any part of the Property or an interest therein is sold or transferred
<br />by Borrcw•er without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance suhordinate to
<br />this Mortgage. {b) the creation of a purchase money security interest fnr household appliances, (s1 a transfer by devise,
<br />desetnt ar by operation of law upon the death of a joint tenant ar (d7 the grant of any leasehold interest of three years or Less
<br />tit containing an option in purchase, Lender may. aF Lender's option, declare alt the sums secur>=d by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, poor to the sale or transfer, Lender
<br />and the person to whom the Property is to be sold or t=s+sfrrrPd r"ach agrt~ ,.. ng the credo of ~ - yer~n
<br />is satisfactory to Lender and that the irterest payable an the sums secured by this Mortgage shalt beat such ra[euas~ Lender
<br />shall regttesL If Lender has waived the ogiion to accelerate provided in this paragraph I7. and if Borrowea's successor in
<br />interest has executed a w7ittea asstunptian agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option [o ac~^ekrate, Leader shall mail Borrower notice of acceleration in accordance with
<br />parrgraglt i4 hereof. Such notice shall provide a p=tiod of not less than 30 days from the date the notice is mailed within
<br />which 33otrawer may pay the sums declared due. if Borrower fails ro pay such sums prior to the expiration of such period,
<br />Lender say, c+rithout further notice or demand an ISorrow•er, invoke any remedies permitted by paragraph 18 hereof.
<br />Noa-UxtPasd Cova~exrs. Barrowxr and Letrder further covenant and agree as fellows:
<br />18. AccelenKaa; Bemerties. Fsttpt as pra+ided ie paragraph I7 hereof, «pon Borrower's 6reac6 of nay coveaaat or
<br />agrasoeot of Harrower is this Mortgage, inctadivg the eocesaats tw pay whoa doe anv satns aecored by this Mortgage,
<br />I~ prior trl alttaB aaarl aatioe t9 Borrower as provided in paragraph 14 hereof specifyi~: fll -he breach;
<br />(Z) the aetiea rued ~ care each 6rrxh; (3) s date, not tee lisp 30 days from the date the notice is mailed to Borrower.
<br />by whki grcl 6rear3 anrrt be cored; and (3) that faits: to care such breach on ar before the date speciSed in -he aotlce
<br />~ tpak h; accetxra a[ We sans txcmed by tbic Mor{gfege. forcclosore by ~adicial proceedlog and sate of the Property.
<br />71e Lidice shag f~.hv ~ Barraw•: of tbt right to reiasfate after aecderasion and Iht right to assert m the foreclosure
<br />. protead6g the ^mce of a defavk or nay other defense of $arrower to acceeratioa and foreeMsore. R [be breach
<br />is last eared ate or tretare the da& speei&d is t~ notice, Leader at Lsmlee'a option may deriare ~ of the amps secured by
<br />fhk Mertarle fro be ley Sae aad payatde witboat farther deamtd aad may foreclose by jadiciat pmceediag. Lender
<br />aikaQlk edkfed to caBect ie sect proeeedisg ~ e=peesea ~ fozectosure, hxludtng, but rtW (larked to, costs of docnserdary
<br />evidence, ahstrae-e a~ tkie reports.
<br />1?. Rarrawds REgM ~ ttdaetah. Notwithstanding Lender ~ acceleration of the sums secured by this Mortgage,
<br />ttorr+ower shall Gave the rigirt to bout any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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