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<br />Lender's cvr:tten agreemnnt or applicablz law. Harrower shall pay the amot;pnt of atI rnorigage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amarsrtts disburszd Icy Lander pursuant do this paragraph 7, 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 be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear imerest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Nate unless payment of
<br />interest at such rate would be 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 hereunder.
<br />g. Insperrion. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />thaf Lender shall give Borrower notice privy to any such inspection specifying reasonable cause therefvr related to Lender's
<br />interes¢ in the Prvpzrty.
<br />9, Condemnation. The proceeds of any award or claim for damages, direct or wnsequential, in connection with any
<br />cvndemrtation or other taking of the Property, or part thereof, nr for conveyance in lieu of condemnation.. are hereby assignzd
<br />and shat{ he paid to Lender.
<br />In the event of a total taking oP the Property, thz proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Borrower. Tn 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 Mortgage such proportion of the proceeds
<br />as is equal to that proportion whidt the amount of the sums secured h}' this iviortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prie r 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 notice by Lender to Borrower that the condemnor offers to make
<br />an award or settlz a claim for damages, Borrower fails to respond to Lender within 30 days after the date such nvtice is
<br />mailed, {.ruder is authorized to called and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />F'ropert}• ur to the sums secured by this Mortgage.
<br />IJnicss Lender and Borrower otherwise agree in wrung, any such application of proceeds to principal shall not extend
<br />ar postpone the due date of the monthly installments referred tv in paragraphs 1 and 2 hereof or change the amount of
<br />strrh insrtlhnents.
<br />S0, Borrower Not Released. Extcttsian of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender r+ any successor in interest of Harrower shah not apzrate ro release. in any manner,
<br />the liability of the original Borrvwer and Borrower's successors in interest. fender shall no[ he required to Commence
<br />proceedings against such successor or refuse tv extend time for payment or vtherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the anginal Borrower and Horrawz_r's successors in intcrrst.
<br />57. Forbearance by Lender Not a R'aiver. Any forbearance by Lender in exercising arse right or remedy hereumlcr. or
<br />ethenvise ^ffor.ied by applieahie law, shall not be a waiver of or preclude the exercise of any such right or rmedy.
<br />The procurcmc•z of insurance or the payment of taxes ar other liens or charges by Lender shall not be a waiver of lender's
<br />right to acceicrie the maturity of the indebtedness secured by this Mvrtgage.
<br />l:x. Remedies Cumulative. ,Ail remedies provided ':n this Mort¢age are distinct and cumutativr to any other right or
<br />remedy under this Mortgage yr afforded by taw or equity, and may I+e exercised concurrently, independently or successively.
<br />23. Successors and Assigns Bound; joint and Several 1.iub83ty: Captions. The covenants and agreements herein
<br />contained sh:dl t» nd, and the rights hereunder shall inure ta, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph t7 hereof. All covenants and agreements of Harrower shall lx joint and several.
<br />The captions and hzadings of the paragraphs of this Mortgage are far convenience onl}' and are not to be used to
<br />interpret or define the provisions heeeof.
<br />34. Nofire. Except for any notice required under applicable law to be given in another manner. tai any notice to
<br />Borrower provided fey in this Mortgage shah be given by mailing such notice by certified mail addressed to Harrower at
<br />the Prvf+erty Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(h) any nvtice to i.endrr shall he given by certified mail, return receipt requcstad, m Lender s address stated herein or to
<br />such other address as I_endzr may designatz by notice to Harrower as prvvided herein. ,Any nvtice pmvideei far in tiit5
<br />.4art,agz 5hr:ll ;~ d~e.,rcd ra have Lien given to I;orrocvice or under when give-t, iri Lht toanrter i~sigrtat' herein.
<br />I5. iJuifor2rt IVlortgage; Governing Law; Severability. "This farm of mortgage : onthines uniform covenants for national
<br />use and ours-unifamt Coventtms with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real propzrt}. "Phis Mvrtgage shall be governed by the law of the jurisdiceiore in which the Frvpetry it tcx:attd. Irt titE
<br />eve:t• •l;at nnv p-rovisi±;;; ~ .-.laa:s~ ,, :hie a.I^;•:zagt ~-; the Notes= ti.+nt?i€: w=ith al+plitablt law. s _ ct-rt'i=.t shat; not atlt't
<br />other provisions of this Mortgagz or the Nofr which can be given effect withaat the conflicting pmvisivn. and to this
<br />end the provisions of the hiartgagc and the Note are declared to ~ sevtrabie.
<br />o. s.,t-ro..z~s t.'opv. siorawer ,hail tsz furrishEd a conforrtted copy of fire Note amt ai thi; MaFtgago at the tirrta
<br />of execution or after recordation hereof.
<br />l?. Transfer of the Property; Assumption. If all or any part of the Property or an interest then in is svld or transfertstl
<br />by Borrower without Lender's prior written consent, excluding (al the creation of a lien er encumbrance suttordiaate tv
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon. the death of a joint tenant nr (dl the grant of any teasthold interest of thee.: 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 bt
<br />immediately due and payable. tender shall have waived such option to accelerate iF, prior to the sale or transfer, bender
<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 satisfactory [o lender and that the interest payable nn the sums secured by this Mortgage shall he at such rate as Lender
<br />shall requ+'st, if Lender h_„ waive) the option to accelerate pravidec± in this paragraph l?, and if Borrower's successor in
<br />interest has executed a wrdten assumption agreemnnt accepted in writing by Lender, isnder shall relzasr Borrower from all
<br />abligtttions under this Mortgage and the Nate,
<br />If I_endzr exercises such vption to aCCeleratc. I.endee .halt mail Borrower nntice of acceleration in arcnt"tlanCe with
<br />paragraph l4 hzrent. Such notice shall provide a period of nut less than 30 days from the date the nvtice is :nailed within
<br />which Borrower mny pay the sums declared doz. If Borrower faits to pay such sums prior to ¢ht expiration of such pznc+d,
<br />Lender may, without further nntice or demand ou Borrower, invoke any remedies permittz.l by paragraph ig hereof.
<br />Nov-Uutrottsi C'crt:;r;,ttvrs. Bvrrowzr and Lender further cavznan¢ and agree as follows:
<br />Ili. Accelerafh:tt; &ersxd~s. Exrrpi ~ pmrided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrower in this Hturtgage, 8tcluding the covenants to pay when due any runts secured by fhb M1lorfgage,
<br />Caroler prior to acceleration shall mail notice to Borrower as provided in paragraph iA hereof specifying: (F) the brcarh;
<br />t2) the action required to cure such breach; f3) a date, not less than 30 days from the date the notice is mailed to $6rrQiVer.
<br />by which such breach must be cured; and (a) 1ha1 failure to cure such breach on or before the date speciNed in the notice
<br />may result in acceleration of the sums secured by this Mettgage, foreclosure by judicial proceeding and sate of the Property.
<br />The notice shall further inform Borrower of the right M reinstate after acceleration and the right to assert io the furcclosurc
<br />proceeding the eron-existence of a default or any other defettst of Borcower to acceitrrtion and foreclosure. If the Drearh
<br />b not cured on or before the dat¢ specilled in the notice, Lender at Lender's option may declare aB of the Burns secured by
<br />this Mortgage to be itrtmedlatdy due acrd payable without further demand and may foreclose by judicial proceeding. Leader
<br />shall be• entitled to collect in such proceeding all expenses of foreclosure, including, but not limited to, costs of documentary
<br />eridenre, absirarts and rifle reports.
<br />IjT. Sorrowtx~s Right to Reimriatt. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have. ar y' proceedings begun by Lender to enforcz this Mvrtgnge discontinued at any time
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