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<br />Lender's written agreement or applicable !aw- Borrower staall pay the amount rnf all mortgage insurance premitrrns in the
<br />manner I+rovlri't~;rP under paragtsaplt ~ lrocseaf.
<br />Arty atnaunts disbursed Niy Lender ;aursuant to this paragraph ?. with interest therein, shall hzcar rrdditisanai
<br />indebtiednzss of Borrawer secured b}~ this Mortgagz_ Unless Borrawer and Lender agree to athzr terms of payment, such
<br />amoants shall be payable upon notice from Lender to $orrower requesting paym~~t thereof. and shalt bear imerest from the
<br />date of disbursement at the gate payable from time to time or. outstanding principal under the 'cote unless payment of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shalt bear interest at the highest rate
<br />permissible under applicable law. Nothing captained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />S. fnspectian. Lender may make or cause to be made reasonable entries upon and inspections of the Property. pravided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />~. Condemnation. 'The proceeds of any award ar claim far damages, direct or cansequemial, 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 shall he paid to Lender.
<br />In rhz event of a total taking of thz Property, the proceeds shad ise applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Burrower and Lender
<br />otherwise agree in writing, there shall be apptied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prier to the date of taking, with the balance of the proceeds
<br />paid ra Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lander to Borrower that the condemnor offers to make
<br />an award or settle a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, i.ender is authorized to collect and apply the proceeds, at Loader's option, either io restoration or repair of fire
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrcnver otherwise agree in writing. any such application of proceeds to principal shad not extend
<br />or postpone the due dare ..f the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instalimen=:
<br />i0. Borrae=ar'.i'ot 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 Borrower shall not operate to release. in any manner,
<br />the liability of the anginal Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successar or refuse to extend time for payment ar otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />E~ :earo-uce by Lena'er lot a ~eaiver. Anv for'tsearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise aR'orded by applicable law, shall not be a waiver of er preclude the exercise of any such right or remedy.
<br />Tne procurement of insurance or the payment of taxes or ether 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 />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may he exercised concurrently. independently or successively.
<br />i3. Successors and Assigns Bound; Joint and ,Several Liability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to ttte previsions of paragraph i7 hereof. Ail covenants and agreements of Borrower shall be joint and severe}.
<br />The captions and headings of the paragraphs of this Martgage are for com•enience only and are not to be used 40
<br />interpret or define the provisions hereof.
<br />f4. IVotiee. Except far any notice required under applicable law 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 Borrower at
<br />the Property Addeess or at such ether address as Borrower may designate by notice to Lender as pravided herein, and
<br />tb} any notice to Lender shall tat given by certified mail, return receipt requzstPd. ti Lender's address stated herein ar to
<br />such ether address as Lender may designate by notice to Borrawer as provided herein. Any natiee provideu for in this
<br />Mortgage shall be deemed to havz been given to Borrower or Lender when given in the manner desi¢nated herein.
<br />1S. Uniform hf~ortgal;r, Governing Law; SeveraM`lih•. This form of mortgage combines uniform caveuants ter national
<br />use and pan-unifor nt covenants with limited variaticsns by jurisdiction to constitute a uniform securitt• instrument coveting
<br />..,.. prapzn}. ,,. _ is c i
<br />T°°I -• ' T^'s Mart~:,;;~ s:tal' be ovarned Fv thz law of ill- 'ursdiction iu which the Property is located. In the
<br />event that ally r;ravisiv <;r clat.x at this Mcrtgage ar th€ Nair conflicts with applicable law, such eattrict ;hail pat affect
<br />ether provisions of this Mortgage :.r the Nate ++hict; can he given effect u•ithaut the ,:onflicting provision. aid sa this
<br />end Lpe "' ,~=u„~ ^f 'he - - ar .. - - d-c4lared tc, be severable.
<br />Ib.vBorsower's Ca©y,~Bor.*awer shah he ~furnisheda ~-anfortned co_oy of fire Nnt° and of thi Martga?° at tlt~ tent
<br />of exceution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written rnnsent, excluding (a) the creation of a tien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest far household appliances, (cl a transfer by devise,
<br />descent or by operation of lau• upon the death of a joint tenam ar (dl the grant of any leasehatd interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, pear to the sale ar transfer, f.znder
<br />and the person to whom the Property is to be Bald or transferred reach agreement in writing that the credit of such person
<br />is satisfaetary to Leader and that the interest payable on the sums secured by this Martgage shall tie at such rate as Lender
<br />shalt request If i.ender has waived the option to accelerate provided in this paragraph 1T, and if Borrower's successar in
<br />imerest has executed a written assumption agreement accepted in writing by i.ender, Lender shall release Barrower from all
<br />obligations under this Martgage and the Note.
<br />If Lcndec exercises such option to accelerate, Lender shall mail Borrower natiee of acceleration in accordance with
<br />paragraph 14 hereof. Such notice sisal! provide a period of not less than 30 days Pram the date the natiee is mailed within
<br />which Barrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further natiee or demand on Borrower, invoke any remedies permitted by paragraph ig hereof.
<br />NnN-L1NtFoa:x~t CovFx±.xrs. Harrower and I~nder further rn•renant and agree as fellows:
<br />l8. Acceieratlan; l"femedies. Except as provided in paragraph i7 hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrower in this M1fortgage, including fhe covenants to pay when due any sums secured by this !Mortgage,
<br />Leader prim to acceeratioa shall mail notice to Borrower as pravided in paragraph 14 hereof specifying; (1) the breach;
<br />f2) tiro actlug required to cure such breach; (31 a date, not less than 30 daps from lice date the notice is mailed to Borrower,
<br />by which snob breach mtr_ct be cured, and (4j that failure to care such breach on or before fhe date specified in the notice
<br />moray resell in acceleration of the same s: cured by this Mor•~age, forecktsare by judicial proceeding amt sale of the Property.
<br />The nestice shah further inform Borrower of the right to reinstate after acceleration and the right to assert in fire foreclosure
<br />proceeding fhe nao-exiateace of a default or any older defense of Borrower to acceleration and foreclosure. If the bre~h
<br />~ eat cured on or before fhe date specified in the notice, Lender at Lender`s option may declare aB of the sums secured by
<br />tills A•tortgage to Ire immediately due and payable without further demand and may foreclose by judicial proceeding. Lender
<br />shall be eatitied to collect in such proceeding all expenses of foreclosure, including, but not limited to, costs of documentary
<br />evidence, absteacts and title reports.
<br />IS. Sorsiwea's ;tight to Reinm2ate. NatwttY,standing Lender's acceleration of the sums secured by this Mortgage,
<br />Borrawer shah have fhe righ# io have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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