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Lender's written agreement or applicable taw. Harrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lendez pursuant to [his paragraph 7, with interest thereon, shall become a:;ditionai
<br />indebtedness of Borrawer secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt b€ payable upon notice from Lender to Bosrower requesting payment thereof, and shall hear interest from the
<br />`~.i~+ date of disbursement at the rate payable fmm time to time on outstanding principal under the Note !mless 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 />getmissible under applicable taw. Nothing contained in this paragraph 7 shall require lender to incur any expense or take
<br />9ai any action hereunder.
<br />S. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />t that Lender shall give Horrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />~i interest in the Property.
<br />~ 9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemoation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />and shall be paid fa Lender.
<br />In the event of a iatai taking of the Property, the proceeds shall 6e applied [o the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. Yn 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 sect:red by this Mortgage such proportion of the proceeds
<br />•. as is squat to Thai proportion which the amount of the sums secured by this ?.to!-tgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior [o the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Harrower, or if, after native by Lender to Borrower that the condemnor offers to make
<br />an award or 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 to restoration or repair of the
<br />Property ar is the sums secured be this Mortgage.
<br />Unless Lender and Borrower othernise agree in writing, any Bach application of proceeds to principal shall naY extend
<br />or postpone the due date of the monthly insiallmenis referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Noi Released. Extension of the time far payment or m, dification of amortizaticn of the sums secured
<br />by this Mortgage granted by Lender to any suressor in interest of Borrower shalt not operate to release, in am• manner.
<br />t:.~ 1.^u ]`^' ^f `!: c.:6inal H''t'r~--.., a°,~ A^rr..-. ~. ......._. act. 7gndel' chap ngt he reagired to commence
<br />proceedings against such successeraer refuse to extend time far payment or otherwise modih• amortization of the sums
<br />secured by this Afortgage by reason of any demand made by the original Harrower and Harrowers successors in interest.
<br />21. For6wrance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shalt not tie 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 by Lender shall not be a waiver of Lender s
<br />right io accelerate the maturity of the indebtedness secured by this Mortgage.
<br />I2. Remedits C®ulative. All remedies provided in this Afortgage are distinct and cumulative to any other right ar
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />I3. Sacaessors asd Assigns Boand; Joist and Several irabHity; Captions. The covenants and agreements herein
<br />contaned shalt bind, and the rights hereunder shalt inure to, the respective successors and as^,igns of Lender and Borrower,
<br />mbieM to the provisions of paragraph 1? hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paaagraphs of this Mortgage are for convenience only and ate oat in be used to
<br />interpret or define the provisions hereot.
<br />I0. Notiee. Except for any notice required under applicable law to be given in aro[her manner, (a} any notice to
<br />Borrawer provided far in this Mortgage shall be given b'y mailing such notice by cenified mail addressed to Borrower at
<br />tht Property Address et at such ether address as Harrower ma}' designate by notice to Lender as provided herein, and
<br />tb} dm• notice to Lender shah tae given by certified mail, return receipt requeted, to Lenders address stated herein or io
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be dcemed to have been given to Borrower or Lender when given in [he manner designated herein.
<br />IS. UnKorm Mortgage; Govcrrrieg Lars': Severabilit;. This form of mertga¢e cembirzes uniform covenants for national
<br />itse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securit}- instrument covering
<br />real property. Tnis Mortgage shat' lx governed h7 the law of the jurisdiction in which the Proptny is hx.ated. In the
<br />event that any provision or clause of ibis Mortgage ar the Note rnnflicts with applicable taw, such conflict shalt not atfeM
<br />atlxr praysians of this Mortgage or the Note which can be given effect wrzthout the conflicting provision. and Yo this
<br />e:.d ilx previsions of the Martgage and the Note ate declared to be severable.
<br />I6. 1fFOrrower`s Copy. Harrower shall be furnished a conformed copy of the Note and of this Martgage at the tithe
<br />of execution er after recordation hereof.
<br />17. 1`ramfer of the Property; Aa~mption. If ail or any part of the )'raperty ar an interest therein is sold or transferred
<br />by Harrower without Lender's priar written consent, excluding ta} the creadon of a lien er encumbrance subordinate to
<br />this Mortgage. (b} tltc creation of a purchase money sn:urin' interest for household appliance. (c) a transfer by devise.
<br />descent or by operation of law upan the death of a jeirt tenant ar (dt the grant cf an}' leasehold interest of three yeah or less
<br />trot comaining an option to purhase, Lender may. ai Lender's option, declare elf the sums secured by this Mortgage to be
<br />imrttediately due and payabk. Lender shall have waived such option to accelerate if• prior to the sale or transfer. Lender
<br />and tht peysan to whom the Property is [a ?~ sold or transferred reach agreement in writing that the credit of suet[ person
<br />is satisfactory to Lender attd that the interest payabk an the sums secured by this Mortgage shall be at such rate as Lender
<br />sisall request. If Lendu has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />iatGteSi has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from ail
<br />obligations ttndor this Mcrtga3e atsd the Note.
<br />If Leader exercises such option to a~ceterate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragrapt: ld hereof. Such notice shall provide a period of oat }ass than 30 days from the date the notice is mailed within
<br />*»'hich Borrower may pay the sums declazed due. If Harrower fails to pay such sums prior to the expiration of such period.
<br />Lender may, without further noiicx or demartd an Borrower, invoke an}' rerm-•diu permitted by paragraph 18 hereof.
<br />Ntxr-Utar~aatt CovEretats. 13errower and Lender further mverant and agree as follows:
<br />Ig, Atxtletatitre; Rcrosdtts. ?Except as provided in paragraph I7 hereof, aeon Borrower's brcac6 of any corenant or
<br />ageeemeat of Eorruwsa ~ tYie Mortgige, i~Iadiog the cove~nts to pay when doe coy Buena secured by this Mortgtrge,
<br />I gt3sr to aeon s>!a9 ~ suttee fe )4tarrower as provided in paragraph Id hereof specifyie¢: (I) the breach;
<br />(~ Nee aeNan retpreed to rate sech brzaciq f3I a date, not less than 3t! days from the date rho notice is mailed to Borrower.
<br />by wldch sae[ brcaeh Best be cared; and (4) drat faT3ere to care sucb breuh o0 or before the date specified in the sulks
<br />my rndt ie ncedet>aioe of dx term taxnred by ~ Morlgtrge, foreelmnte by jwlicid Proceeding cad sale of the Property,
<br />Tl~ notlee ~9 tmtLer iafarm Borrower of the rlgNt to reins[tme after accekratioa and the right to assert in the foreclosure
<br />ptetcee~ tier eon-~eence of a defanit or say orber defame of Borrower m acederaBon and foreclosnre. If the breach
<br />is not eased ea er beNare the d>~ apeei4ed ht the suttee, [.ceder at Leader's option may declare all of tht sn~ secured by
<br />this to be i3y doe and ~Y~ wMfwnt fnrttxr demand asd rmy forerioae by judk'sai proteeditrg. Leader
<br />shat{ he eetlried ~ eaHect In sac6 prod ~ expenses of foreclosure. iaclvdh~, but not iimlted to, costs of documentary
<br />e-Wmce, aT>etraets ad rifle reports.
<br />19. Baxtmree'a R~ ~ Rem. Notwithstanding Lender's acceleration of the sums secured by [his Mortgage,
<br />Iorrower shall have ~ rlmttt to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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