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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />date of disbursement at the rate payable from time io time on outstanding principal under the Note unless payment of
<br />inieresi at such rate would be contrary to applicable taw, in whi,;h event such amounts shall bear interest at the highest rate
<br />(SjiL~J permissible under applicable taw. Alothing contained in this paragraph 7 shall require Linder to incur any expense or take
<br />any action hereunder.
<br />'~°.. 8. inspection Lender may make or cause to be made reasonable entries upon and inspections of the PropeGy, provided
<br />'~ that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to i_cnder's
<br />interest in the Property.
<br />9. Condemnation. The proceeds 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 herehy assigned
<br />1^e and shall be paid to Lender.
<br />In the event of a tarot taking of the Property, the proceeds shalt bz applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrcwer. 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 [o that proportion which the amount of the sums secured by this Mortgage immediately priar m the date of
<br />taking beats to the fair market value of the Property immediately prior to the dare of taking. with the balance of the proceeds
<br />pai3 to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or softie a claim for damages, Borrower fails ro respond to Lender within 30 days after the date such nutlet is
<br />mailed, Lender is authorized to mllect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Propene or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise ag,-ee in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly insiailments referred to in paragraphs I and 2 hereof or change the amount of
<br />such instaBmenu.
<br />10. Borrower Not Released. Extension of the time for payment o* medificatian of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Botsower shall not operate to release, in any manner,
<br />the Liability of the original Borrower and Borrower's successors in interest. Lender shall oat be required to commence
<br />proceedings against such suceessor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrawer and Barmwer's successors in inieresi.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall oat be a waiver ~f ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other hens 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 />12. Remedies Comalative. All remedies provided in this ?<trtgage arc distinct and cumulative to any ocher right or
<br />remedy under this Mortgage or 2fforded by law or equity, and may be exercised cancurrenily, independently or successively.
<br />I3. Seccessors and Ass~is Bound; )Dial and Several Liability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure te. the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph i7 hereof. All covenants and agreements of Borrower shat! be joint and several.
<br />The captions and headings of the pazagraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />ld. Notice. Except for any notice required under applicable Isw to be given in another manner, (a) any notice to
<br />Botraw^er provided for in this Mortgage shall lie given by mailing such notice by certified mail addressed to Borrower st
<br />the Property Address or at such other address as Borrower ma}' designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail, rerun receipt requested, tc Lender's address stated herein or to
<br />such other address as Lender may designate h~ notice to Borrower as prodded herein. Any notice provided for in this
<br />Mortgage shall be drmed to have been given to Borrower or Lender when given is the manner designated herein.
<br />15. I:a~orm Mort;age; Gorernit~ Law; Sevetabitity. This farm of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument coveting
<br />real prtrperty. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. in the
<br />event that any provsian ar clattsc of this Mortgage or the Hare conflicts with applicable taw•, such conflict shall not affect
<br />other previsions of this Mortgage or the Nate which can be given effect without tine conflicting provision, and to this
<br />end flea pravz~*tms of zhx Mortgage and the V me are declared to be severable.
<br />16. Eotrowei's Cop:-. Botlower shall be furnished a canfarmed c-spy of rite Nate and of ,his Mortgage at the time
<br />of execution ar after recordation hereof.
<br />17. Traasfer of the P:opetts; Asmmptios. If all ar any pari of the Pmperty or an interest therein is sold or transferred
<br />by BQCfawer without Lender's prior written consent, ezcIuding tat tY,e creation of a lien or encumbrance subordinate to
<br />this iifartgagt, (h) the ~eation at a purchase money security interest far household appliances, (ci a transfer by devise,
<br />3es.-tat or by agxration of law upon iltc death of a ,joint tenant or fdt the grant of any leasehold interest nt three years or less
<br />not containing sn aptim to purhhase. Lender may, at Lender's option. declare all the sums secured by this Mortgage to be
<br />imntediaiety dtie and paysbk. Lender shat: have waived such option ;o a..:`!crate if, prior to the sale or transfer, Lender
<br />and the pstsors to whom rite Propem- is is be sold or transferred reach agreement in writing that [he credit of such person
<br />is satisfactory to ixndtr and that the intern[ pa}•able on the suns secured by this Mortgage shalt be at such rate as Linder
<br />shall toque :. If Letrdtr has waived t;n option to acxkra[e provided in this paragraph l7. and if Borrower's successor in
<br />interact has executed a written assumption agreement accepted in writing by Lender. Lender shall releace Borrower from all
<br />obligations under this Alorigage and the Note.
<br />If Lender exercises such option io accelerate, Lender shall mail Borrawer notice of acceleration in acrnrdance with
<br />patagtapk 14 hereof. Such naia shall provide a period of not less than 30 da}•s from the date the notice is maned within
<br />which Borrower may nav the sums declared due. if Borrower fails to pay such sums priar to the expiration of such period,
<br />Lender inav, without further a~itx or demand on Borrower, invoke am• remedies permitted by paragraph IR hereof.
<br />Ntv_,-LINtI~M CoveN~~-rs. Borrower and Lender further covenant and agrte as follows:
<br />18 Aeeeles'aEbat Remedies. Eiapt as provided h paragraph 17 hereof, opus BornswePs breach of aoy covenant or
<br />afreeaest of Eotta+rer iv this MottpBs, irtcladir~ thr epven~ts to pay whoa dire aoy sums secured by this Mortgage,
<br />Leader prior fa occeletatisa s6a® mat satiee to Borrower m provided in paragraph Id hereof specifying: (1) the breach;
<br />(Z} the sttba raipdrei ~ sure wch breach; {3) s dtritt twt has than 3® days from the date the notice is mailed to Borrower.
<br />fry whisk web brear)t srt be eared; wd {4} that fa0tsre !o rain sash breach oa or before the date spui&ed is the ootltt
<br />army >~ ~ aceeiersHaa of the stems seetare3 by obis Mortpge, foreclassre by jndiciai proceeding and sale of the Property.
<br />1•Le antiee aMaB further worm Baerower of the r~ to ttiasfate after acceleration and the right to aswsrt la the fotsclosare
<br />preeeedis~ the ass-asks of a de[adt or say other dcEease of Horeowrr to aettleratioo and foreclosure. If the 6rtuh
<br />ib sot cured oe or before tla date apec;fred ie the aofitt, ixader at Leader's opdoa may declare all of "the same secured by
<br />thi Ma4prgs ie )sG i• dtte acct payable without farther demsrd and may foiecNrse 6y jadkiai proeeeditrg. Leader
<br />shoo be eatilied b eo8eef i• web procee~mg sB expemes ~ forecbsasc, iaeladhtg, bat aoi limited to, cotes of documentary
<br />erideece, aBetraeb aa~ tltle teperts.
<br />39. $et:aweda $fgld M ReitatrtNe. NotwA,Ssanding Lender's acceleration of the sums secured by Phis Mortgage,
<br />Borrowtt shall have the righI to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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