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<br />Lender's written ag,rrement or applicais?e law. Borrower shall pay the ama~.uut of ail mortgage insurance premi,i.nms in the
<br />man~aer provided under paragraph 2 hereof.
<br />~4ny amounts dis'aursed by I..ender I,iursuant to this paragraph 7, ,~~;rth interest thereon. shall irecomA additional
<br />indebtedness of Borrower secured by this Mortgage. IIn?ass Borrower and Lender agree to other terms of payment. such
<br />amounts shall bA payable upa^ notice from Lender to $orrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at tae rate payable from time to time on outstanding principal under the Nate unies<. payment of
<br />interest at such rate would he coatrar}• m applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall reTuire Lender to incur any expeme or take
<br />any zcton hereunder.
<br />8. Inspection. Lender may make or cause to he made reasonable entries upon and inspeciitms of the Property, provided
<br />that Lender shal{ give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnailon. Tate proceeds of any award or claim for damages, di.-act or consequential in connection with any
<br />condemnation or ether taking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />and shalt bA paid fn Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with 4he excess, if any,- paid to Borrower. In the Anent 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 to twat proportion whrch the amount of the sums secured by this Mortgage immediately prior ter the data of
<br />takin3 bears to the fair market valuA of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after noticA by Lender to Aorrower that the condemnor offers to make
<br />an award or settle a claim fur 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 />Propern• 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 not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs ?and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sump secured
<br />by this Mortgage granted ay bender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the originat Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against sack successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this iliortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />Il. Fo:~arance by Lender ?tint a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable :aw, shall not he 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 to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this A•tortgage arc 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 />13. Snccessors and Assigns Bound; Joint and Several Liability; Captions. T-he 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 the provisions of paragraph 17 hereof. Atl covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to tie used to
<br />interpret or define the provisions hereof.
<br />14. Nafice. Except Cor 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 notice eo Lender as provided herein, and
<br />(b} 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 to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to hayA beAn given tc± Borrower or Lender whet, given in the manner desi~ttated herein.
<br />75. I:Jniform Atartgage; Governing Law; Severability. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrum<nt covering
<br />rea! property. "t hIs I4tortgage shall be governed by the taw of the iurisdiction in which the Property is located. [n the
<br />event that any nrnvision or clause of [his Mortgage or the Nntc convicts with applicable lea, such ..^r nftiet shalt not affect
<br />.other provisions of this Mortgage or the Note which can be given effect without the eontlicting provision, and to this
<br />end ttte pravisior.•s - ° ,. -rtgage and the Nute are declared let hz scverah?c.
<br />Ifi. Aarct+w=:'s C^py; Borrower shall be tarnished a confo-sled copy cf the Itiote and .3f thi= Mortgages st t#te iitnt;
<br />of execution or after recordation hereof.
<br />I7. Transfer of the Property; Assumption. If a!I or any part of the Property or an interest therein is sold or transferred
<br />6y Borrower without Lender's prior written rnnsent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mcrtgage, (bl the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation ::f law upon the death of a joint tenant or (tp the grant of any leasehold interest of three years or Tess
<br />not containing an option t» purchase, Lender may, at Lender's option, declare ail the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prier to the sale or transfer, Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is saiisfactary to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shalt request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph Is hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Aorrower fails ro pay such sums prior to the expiration of such period,
<br />L,endcr may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph I8 hereof.
<br />Fda;; U.rua t Cuv::;:aw ;s. Harrower and Lender further cov;,nan[ and agec.e as foitaws:
<br />ILt. r4eteleration, Remedies. kept as proyided in paragraph !7 hereof, upon Borrower's breach o€ any cotenant or
<br />agreement of Borrower in this Mortgage, includirtg the covenants to pay when due any sums secured by ibis A"forlgsge,
<br />Lender prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (I) the breach;
<br />(2) the action rc~uircd to core sorb breach; (3) a data, not less than 30 days from the date the notice is mailed to Borrower,
<br />by which such breath rotor be cured; and (4) that failure to cure such breach o0 or before the date specified is the notice
<br />may reach in acceleration of the sums secured by this Mortgage, Foreclosure by judicial proceeding and sate of the Property.
<br />'The notice shall fnrtherrnform Borrower of the right to reinstate after acceleration and the right to assert in the forccloswe
<br />proceeding the non-existercee of a defsulS or any other defense of Borrower to acceleration and forecl~ure. [f the breach
<br />is not anted an or before the date speciE«d in the notice, Lender at Lender's option may declare alt of the sums secured by
<br />this Mortgage to be immediately due and payable witlwut further demand and may foreclose 6y jttdicia! ptoceediog. Lender
<br />shall bx entitled tc rnilect in such proceeding al[ ezpeirses of foreclosure, incli::ang, but not limited to, costs of documentary
<br />evidence, ahstraees and title reports.
<br />19. Borrower's Right to Reiustata Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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