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<br />79-- ~7~~
<br />Ixnder's written agrcemenY or applicable law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuam to this paragraph r. 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 6e payable upon notice from Lender to Borrower 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 Note unless payment of
<br />interest at such rate would be contrary [a applicable law, in which even[ such amounts shalt bear 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. Inspection. Lender may make or cause to be made reasonable entries upon and inspectit+ns of the Property, pravided
<br />that Lehtier shall give Hottower notice prior to any such inspection specifying reasonable cause therefor related to Lender s
<br />interest in the Property.
<br />9. Condemnatlov. The proceeds of any award or claim for damages, direct or consequential, in rnnnection with any
<br />condemnatim or other taking of the Property. ar part thereof, or for cemeyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a fetal 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. In the event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied in the sums secured by this Mortgage such proportion of the peaceeds
<br />as is equal to that proportion which the amount of the sums secured try this Martgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrawer.
<br />If the I•Yoperty is abandoned 6y Bottower, or if, of?er notice by Lender to Borrrnver that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fa'vis to respond to Lander within 3C days after the date such notice is
<br />mailed, Lender is authorized to coiled sad apply the proceeds, at Lender's option. either to restoration or repair of the
<br />Pro~riy ar to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. env such application of proceeds to principal shall not extend
<br />or postpone the clue date of the monthly installments referred ro in paragraphs 1 and 2 hereof nr change the amount of
<br />such installments.
<br />1Il 1Qe......ee~ 1\I..i p,,.-___~ Cr,a..e:.... ..f er.a e e F..: .. .,....r:Q,...::.... ..r _.,r f),e ~ ,rat'
<br />a,a.ra.s •Ra .a.,,~,~a• va ,. n. ~a , ,a_~ „ aia ua. rv,,,cac.a , aua..a ~.°.rua..v
<br />by this Mortgage granted by Lender to any successor in interest of ,Borrower shalt net operate ta'release. in any manner,
<br />the liability of the original Borrower and Borrowers successors in interest Lender shall net sse :rquired to commence
<br />proceedings against such successor ar refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made 6y the original Harrower and Borrower's successors in interest.
<br />11. Forbearance by feeder Not a IEaiser. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise affordw by applicable law, shall net tae a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar ether liens or charges by Lender shall not be a waiver at Lender's
<br />right tra accelerate fhe maturity of the indebtedness secured by this Martgage.
<br />12. Remedies Cmnolative. At! remedies provided in this Dlortgage are distinct and cumulative io any other right or
<br />remedy under this Mortgage ar afforded by law ar equity. and may be exerrsed concurrevtiy, independently or successivelc.
<br />13. Snecesors and Asdgtts Bound; 7aivt and Stverai I~iabt7ity; Captiorc. The covenants and a¢reements herein
<br />contained shalt bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 1 i hereof. All cotenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Martgage are far convenience only and are net to be used to
<br />interpret or define the provisions hereof.
<br />14. Nefice, Except tot an}' notice required under applicable taw to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Battpwer at
<br />the Property Address or ai such ether address as Harrower ma~• designate by notice to Lender as provided herein, and
<br />(b) any xtice to Lender steal! he given by cenified mail, realm receipt regaested. to Lender's address stated herein or to
<br />such other address as Lender may designate lay rmtice to Harrower as provided herein. .4ny native provided for in this
<br />Mortgagt shalt be deemed to have been piton to Horrow=er or Lender when given in the manner designated herein.
<br />25. Uttifotm Mortgage; Govtruirtg taw: SeverabiBtr. 7tris form of mortgage cambittes uniform cotenants far national
<br />u~ and trop-uniform covenants with limited variations by jurisdic[ian to constitute a uniform security instrument covering
<br />real property. TYtis Mortgage shalt Ix governed by the law of the jurisdiction in which the Property is located. In the
<br />event chat any provision or clause of this Mortgage or the Note ronfiicts with applicable law, such conP,itt shall not affeM
<br />other p.*evisions of this Mortgage ar the Note which caa 4>= given etTect without tfte conflicting prevision, and to this
<br />end the provisiots of the Mortgage and the Nate are d=i.tared to be sevtrable.
<br />lei. Dxsrrower's Copy. Borrawer shall tae furnished a conformed copy of the Nate and of this ?<frtgage at the time
<br />of executitxt or afrer recordation hereof.
<br />17. Treader of for Property; Assumption. If all or am' part of the Property ar an interest therein is sold or transferred
<br />by Borrower witho~? Letder's prior written consent. exclttding (a) the creation of a lien or encumbnince subordinate to
<br />this Mortgagt, (b) the creation of a purchase money security interest far household appliances, (c) a transfer by dense,
<br />drscent ar by operation of law upon the death of a taint tenant or (dt the grant of any leasehold interest of three years ar less
<br />rrot containing an option to purchase, Lettder may, at Lender's option. declare all the sums secured by this ?mortgage to be
<br />irnmtdiattly due and payable_ Lender shall hate waived such option ro accelerate if, prier to the sale or transfer, Lender
<br />and the person to wham the Propern• is to bt Bald or transferred reach agreement in writing that the credit of such person
<br />is satidacioty to Lender and that the iattresi payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shalt ttxryest If Lender leas waived fhe option to atxtlerate pravided in this paragraph i?, and if Borrower's successor in
<br />interest has executed a written assumption agreement acceptedtn writing by Lender, Lender shall release Hottower from all
<br />o6liEsttons under ibis Mortgage and the Mott.
<br />If I.rnder exercises such option to acccleraie, Lender shall mail llottow•er notice of acceleration in accordance with
<br />paragraph iA htrcaf_ Sucb notice shall provide a period of not less than 3tT days from the date the notice is ma;t_d within
<br />which Borrower may pay the sums declared due. If Borrower faits to pay such sums prier to the expiration of such period.
<br />Lender may, without further vatice ar demand an Harrower, invoke any remedies permitted by paragraph 1 R lrtreof.
<br />Nors-UxtQOxta Cotr~t+ni»-rs. 8orrawe: and Lender further coverani and agree as follows:
<br />Id. Aces F_:.mew Fs~ as pe=rides ~ ~~rap9 f7 lsee•ecf, ugoa 8ortn+!=er'a bteac!+ of any cerettan! or
<br />> a# norsorrer is thk Mord=ete, #aetndi~ the tovenaots to pay wben dru any mass secured by this Mortgage,
<br />I~r ptiar ~ taNaa ~ mat! tsofite to Ibrrewer s provided in ,rra,:.se~tr lA Ixreof specifying: {1) the breach;
<br />(~ Nee atfSea ttgttdred to care each hreaei; (3) a date, cot teas [trap 30 daps from the date the coffee is mailed to Borrower,
<br />b?' srhici each 6reati aaaat ie cm'ad: sad I4) that faiiare to tare such breech on or before t~ date specified in ibe uotEce
<br />aray reat.K fa ac~laa of tie wsa seetrr+ed by ~ Mouiattge, fomQoeare by judieiai proceeding and oak of the Propert;.
<br />Tie aotke eiaH faaNrer aforia )3aerosrer of flee rlghf to reirrstatt after atcderettoa aad the right to assert to the foreetoswe
<br />prracee~ ~e uaatx:fsteact of a defeat or any otber defeeae of Borrower to ateeieration grad forcefosere. II the breach
<br />is eat raced as a before tie date t M Nm aMlce, Leader at Leader's option may declare aft of the sums secitted Dy
<br />fi$a to be Y doe sad payable rrithaot further demawl and may foreclttae by jttdicW proceeding. fender
<br />aiaB Oe ta8ded hr caNect is saeh proeeeirng a8 errpenses of forerlosnre, tnclud~g, but not limited ta, epees of documentary
<br />evidtaue, ahafracta last title teporfs
<br />14. iatowa~s to R+~r+ Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower sbati have rbe right to have any proceedings txgtm by Lender to rnforet this Mortgage discontinued at any time
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