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<br />bender"s wrrten agrezmzutu or applicable law. Borrower shall pay ftrt; amcnrnt of ail mortgage insurance premiu:sss in the
<br />manttcr p,okidasd under paragraph 2 hereof',
<br />Arty :arnouruts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shah became additional
<br />indebtedness of Berrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable open 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 he contrary to 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 require Lender to incur any expense or take
<br />any action hereutider.
<br />8. Inspection. Lender may make or cause to be made reasoaabie entries upon and inspections of the Property. provided
<br />that Lender shah give Berrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. T"ne proceeds of any award yr claim for damages, direct or cansequentiat. in connection with any
<br />condemnation cr other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to 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 the excess, if any, paid to Berrower. In the event of a partial taking of the Property, unless Harrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Diortgage such proportion of the proceeds
<br />as is eq~sal tv that proportion. which the amount of the sums secured by this Aiortgage immediately prier to the date of
<br />Diking 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 Borrower.
<br />Ii the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within i0 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 or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall rot extend
<br />or postpone the dt;e date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not IYeleased. Extension of the time for payment or modification of amortization of the sums se.nred
<br />by this Mortgage granted ny Lender to any successor in interest of Borrower shall net operate ro release, in any manner,
<br />the liability or the original Harrower and Borrower's successors in interest. Lender shall not be required to asmmenee
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. irarbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded by applicable law, shall oat be a waiver of or preclude the exercise of any such right ar 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. Rll remedies provided in this Mortgage are distinct and cumulative *.o any other right ar
<br />remedy under this Mortgage or afforded by law nr equity, and may be exercise,' concurrently. independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several f.iabtlity; Captions. The cavenants and agreements herein
<br />contained shall bind, and the nigh?s hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. AlI cavenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are oat to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any natice 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 natice by certified mail addressed to Sarrower at
<br />the Property Address or at such other address as Borrower may designate by notice to 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 natice provided for in this
<br />Itiartbage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />45. Uniform Mortgage; Governing taw; 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 instrument covering
<br />Beal property. This hiartgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any t+revisivn nr clause of this Martgaee or the Nate conflicts with aopiicabte law. such cvntlict shall not affect
<br />gther provisions of this Lortgage or the Note which can be given effect [without tYie earflicting pravi-sion, and to this
<br />end the prvvasie.r,s of 2 . _ .rtgage and else -`:ate era de::lared to 6e sev;rable.
<br />Is. .°-~~~-_ ;r`s t'~pESturrravaer s'.;ait ere furnished n cvnfvrmed copy of the Ivotx anY~ of this Mortgage at Ilse time
<br />of execution ar 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 prrar written consent, excluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest far household appliances. ic1 a transfer by devise,
<br />descent or by operation of taw upon the death of a joint tenant ar (dl the Rranr of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare elf the sums secured by this btortgage to be
<br />immediately due and payable. Lender shad have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom the Property is to be sold yr transferred reach agreement in writing that the credit of such person
<br />is satisfactory to L-rnder and that the interest payable on the sums scoured by this Mortgage shall be at such rate ac Lender
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph i7, and if Borrower's successor in
<br />interest has execated a written assumption agreement accepted in writing by Lender, Lender shall release Borrower fram all
<br />obligations under this Mortgage and the Note,
<br />If Lender exercises su:tr option t:~ accelerate, Lender steal! mat! Harrower notice of accderaticn itt accvrdancc with
<br />paragraph la fierce#. Such natice shalt provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay tbe sums dcclarecl due. It Borrower Eaiis ro paV such sums prior to [he expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />_~~„--~_„t~~r ~; '.:v~.aiv.s. Borrower anti Len3er:`ur±h-~r co~nant anal u~.r ~• as f.rll.~ws:
<br />Ili, Acvei.ratLttt; Items~ies. rrxeept as provided iu paragraph i7 hereof, upon Borrowers breach of any covenant or
<br />agreement of Borrower in this Mortgage, insludittg the covenants to pay when due any suers secured by this Mortgage,
<br />beruier prier to acceleration shalt mail notice to Berrower as provided is paragraph 14 hereof specifying: (t) the breach;
<br />{2) the action required to cure such breach; (3) a date, not ie~ than 3tt days from the date the ttolice is tnaUed to Borrower,
<br />by which such breach must be cured; and (4) that failure to cure such breech on or before the date speciRed in the notice
<br />may resat[ in acceleration of fire sums secured by thus 1Ho:Vgage, foreclosure by judicial proceeding and sale of the Property,
<br />The twNce shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure
<br />proccediag the two-e:isteuce of a default or any other defense of Borrower to acceleration and foreclosure. Tf the breach
<br />is tw! cured vn or before the dots speci~.ed in the notice, Lender at bender's option mar declare alt of the sums secured by
<br />ihk Mortgage to ire immediately due and payable without Furtfier dernand aad may foreclose by judicial proceeding. bender
<br />xtsait be enditled to coliest in sash proceeding all expett><es of foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstracts and tilts reports.
<br />i4. Borrowers r~gbi to i'teinstate. Notwithstanding Lender's aeceleratian of the sums secured b-y this mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Martgags disecntinued at any time
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