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<br />I.cnde,'s ,::riu,en agreement a;r applicable law. Borrower shall ~;ay the amount of all rror;',gisge insurance prcni ii.tms in 1r,,e
<br />manner pr;vided under petrtgraplt ? hereof.
<br />H,ny <a-e±r_ts disaurxed by l',~nder purxuan.: to this ,paragraph 7, wiith inzereint fhtrean„ shalt became ar~dittnnal
<br />indt'atedness of Borrower secured 1-oy this Mortgage. L'nltss Harrower and Lander agree to other terms of p;.rmtnt, such
<br />amounts shall be payable upon notic^. from Lender to Borrower requesting payment thereof, and shall freer interest from the
<br />date of disbursement at the ;ate payable from Time to time an ouistarding principal under tfie Noit units payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shalt Dear interest at the h"tghest rate
<br />permissible under applicable taw. Nofhing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />env action hereunder.
<br />g. Iaspeetion. Lender may make or cause to he made reasonable entries upon and inspecrnns of the Properly. provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender'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 />rondemnatien or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigr<ed
<br />and shall be paid to Lender.
<br />In the ev°ent of a total taking of the Property. the proceeds shall be applied to the sums secured by this ?vortgage.
<br />with flee excess, if any. paid to Borrower In the event of a partial taking of the Property. unless Borrower and Lender
<br />othen•.ise agree in writing, there shall be applied 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 ro the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Properly is abandoned by Borrower. or if, after notice by Lender to Borrower that ihc- condemnor offers to make
<br />an award ar settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Linder is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the, sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt Dot :z-.srr?d
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Barron=er blot Idaitased. Exton,ion of the time for payment or modification of amortization of the sums secured
<br />tsy this Mortgage granted by Lender to any successor in interest of Borrower shall net operate to release. in any manner,
<br />the liability of t3ra original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by obis R-iartgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />i i. xorbearanee by Lender Not a ?Yaiver. Any forbearance by Lender in exercising am• right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar other liens ar charges by Lender shalt not be a waiver of Lender's
<br />right fa 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 ere exercised concurrently. independently or successively.
<br />13. Successons and Assigtes Bound; Joint and Several Liability; Captions. I'he covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc for convenience only and are Hat to ere used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (aT 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 Address or at such other address as Borrower may designate by Holier to Lender as provided herein, and
<br />fbl any notice 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 tc Borrower as provided herein. Any notice provided far in this
<br />Mortgage shall be deemed to have been given sa Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severability. This form of mortgage combi+tes uniform covenants for national
<br />use annd non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />rat },rof,e~~y. "f Iris Mon>age shah he governed by ifie taw of the iurisdictian in which the Property is located. In the
<br />event that a •. provision er c,au~: of this rSorteagt or the Mott confiic;ts with applicairie taw, such canl3ict shat) not affect
<br />other rrovisions of this Mortuge cs the Note which can be given effect with=_nrt the conflicting provision. and to this
<br />e=~u th== n - ._-- _ _ _-e and tier `yoic are declared to be severable.
<br />iti, B?rrssuer'ar Copp. Lic7~ ower shall I?e furnic_hed a conformed copy of fhe Nate and of this Me*±gage at the fime
<br />of execution or after recordation hereof.
<br />i'7. Transfer of the Property; 4ssumption. If ail or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (al the creation of a lien or enrumhrance subordinate to
<br />this Mortgage, (bj the creaticm ,rf a purchase money security interest for household appliances, (el a transfer by devise.
<br />descent or by operation of la.. upon the dtath of a joint tenant or (d} the grant of any leasehold 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 payahte. Lender shall have waived such option to accelerate if, prier to the safe or transfer. I_endtr
<br />and the person to whom the Property' is to be sold ar transferred reach agreement in writing that the credit of such pzr.,on
<br />is satisfactory to Lender and that the interest payable on the stints secured by this Mortgage shall be at such raft as Fender
<br />shall request, if Lender has waived the option io accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest. has executed a written assumption agreement accepted in writing by Lender, I_endtr shall release Borrower from all
<br />obligations under this Mortgage and the Mott.
<br />IC L.e±tder exercise, such option tar accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph l4 hereof. Such notice sha31 provide a period of Hat less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared doz. If Borrower fails to pay such sums prior ter the expiration of such peeled,
<br />Lender may, without further notice or demand an Borrower, invoke any remedies permitted by paragraph 1$ hereof.
<br />Alou_rl~teo>s'=t t_'o•_,~-~~rarE. Harrower ant Ixnder further carvtnant and s,gret as foliows-
<br />lo. Accelerainrn; Remedies. Except ~ provided in paragraph 17 hereof, apps Borrower's breach of any covsnant or
<br />agreement of Borrower in this Mortgage, inciudirtg ibe covenants to pay when doe any sums secured by this Mor~age,
<br />I..tader prior to scceteratioo shah mail rrotice to Borrower as provided in paragraph 14 hereoF specifying: (i) the breach;
<br />(2) the actiton required to care such breach; (~) a date, not kxs than 39 days from the date the notice is mailed to Borrower,
<br />by which such breach must be cured; and (8) that failure to cure such breach on or before the date specified in the notice
<br />-may result in acceleration of flu; sums secured by the Mortgage, foreclosure by jadkial proreeditrg aced sate of the Property.
<br />.The notice shall farther inform Borrower ^f iht right to reinstate after acceleration and the right to assert in the foreclosure
<br />proceeding the non-eaiste~e of a default or asy other defense of Borrower to accekradon end foreclosure. If the breach
<br />• ~ Hat caved on or before the die specifed in the notice, Lender at Lender's option may declare all of the sums secured by
<br />this bioetgage to ht immediately due and payable without further demand and may foreclose by judicial proceeding. Lender
<br />shall he entitled to collect in such proceeding ail experraes of foreclosure, including, but not limited to, costs of documentary
<br />evedesce, abstracts aml title reports.
<br />i3f, Buttuwers Ilighi fa r'Ieiustate. ri'ntwiehstandirrg Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have fire right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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