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<br />Lender's written agreement ar applicable law. Borrower shall pay the amoemt of all mortgage insurance premiums in the
<br />manner p~ovidtd under paragraph 2 hereof.
<br />Amt amauntw disbttrstd by I.tnder pursuant to this paragraph 7, with interest thereon, shalt become additianai
<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 tender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time nn 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 expen~ or take
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Prope.ty, provided
<br />that tender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor rotated to Lender's
<br />interest in the Property.
<br />9. Candemnation. 'The proceeds of any award nr claim for damaees, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />nod steal! he paid m Lender.
<br />In the event of a total taking of the Property. the proceeds shall bt applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. in the evem of a partial taking of the Property. unless Borrower and Lender
<br />nihenvise agree in writing, there shall he 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 soma secured b}• this Mortgage immediately prior to the date of
<br />taking lanes to the fair market valet of the Praperty immediately print to the date of taking, with the balance of the proceeds
<br />paid to Borrawer.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Harrower that the condemnor offers to make
<br />an atv:+rd or settle a claim for damages, Borrower fails to rtspnrd to Lender within 30 davs after the date such notice is
<br />mailed, Lender is authorized to crllect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Properly or to the sums secured by this Mortgage.
<br />unless Lender and Borrawer athenvisc agree in writing, any such application of proceeds to principal shall not extend
<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 />I0. Bonon•er Not Rzleased. Extension of the time far payment or modificatiat? of amortization of the some secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not aperate to release, in any manner,
<br />the liability of the original Bonower and Borrower's succtsxors in interest. Lender shall oat he required to commence
<br />proceedings against such successor or refuse to extend time for pttpment ar otherwise modify amortization of the sag?s
<br />secured by this Mortga~_ by ~f dtmattd maa^ by the original Barrowe, and Bnr ., st:c..essars in ,,.
<br />ii. Farbearauce by ixnder Not a Waiver. .Any forbearance by Lender in exercising am •right, or remedy hereunde ~~ or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The protttrtmen: oT htsurancr: or the payment of taxes or outer liens or charges by Lender shalt not he a waiver of Lender's
<br />right to accelerate iht maturity of the indebtedness secured by this Mortgage.
<br />f2. 8rmedirs Cumulative. Ali comedies provided in this Mortgage art distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and ma}• he exercised concurrently, independently or successively.
<br />13, Successors and Assigns Bound; Joint and Several T.iability; 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 Barrawer,
<br />subject to the previsions of paragraph 17 hereof. .All covenants and agreements of Harrower shad be }Dint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to tie used to
<br />inttrptet or define the previsions hereof.
<br />14, Notice. Except for any notice reyuired under applicable law to ht given in anathtr manner, ta) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrowtr at
<br />the Property Address ar at such other address as Borrowtr may designate h}• notice to Lender as provided herein, and
<br />(b) any notice to Lender shall he given 6y certified malt, return receipt requested, ro 1 cadet's address stated herein cr to
<br />such other address as Lender may designate by notice to Barrawer as pmvidcci herein. Any natice prt~vided fur in this
<br />~tat:gagc sh:+ii i~t deemed to have txtn given to Borrowtr or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; +T;avernirrg Law; Severahifih. This form of mortgage conthints uniform covenants far national
<br />+1sc and nonuniform c:~venants with 1'.mittci variations by iurisdictian to constitt+te a urtifatxtt seutarttq instrunetnt st_se~erng
<br />real property. Ttris '.iortgagt sts~tll ht governed t?y the I:tw of the iurisdictinn in which the Prr_atrty is ti?cated. Ire the
<br />„
<br />tvtnt that a V E,rC^,': iSlitt :,r ~,.,.,~~ ,.~ t7i i] I'.{OV`ixakc t.i Ihz iti.ftt 4.-+ntii4ts ~vitii apPlia:ablE itiw, s~r:i+ ~i n ice[ ~`Raii Fiof a+s2Ct
<br />other provisions of this 1+iartgagt• ur the Note which non I+o uivrn off€st witl?aut tilt tantlictinu rnvtcion, arui to the
<br />end it?c prmisicns of the Mnrtgagt and [he ";ate are declared to ht severable. x - -~-
<br />l6. Barztssver'x Copt. Borrower :hall bt furnished a eonfarmtd copy of the Note and of this Mortgage at the lime
<br />of execution or aft,°r recordation hereof.
<br />i7. 'I"ranvfrr of for Property; Assumption. If :+II ur any part of the Property or an interest therein is said or transferttd
<br />by Borrower without bender's print written consent, excluding (a) Fht ercatii?n of a titn or encumbrance suborciinatt to
<br />this Mortgage. rht the creation of a purchase money Security int~rcst for hotusehuld appliances, (G a transfer by devise,
<br />tie:.cent or by uperadoa of ?,;w upon the death of a j+aint tenant or (dt the grant of any ie,r-seheid interest of three years or Ic~ss
<br />not containing an i~p[ion to purchase. I_e.nder may, at Lender's npnon. declare all the sums secured by this Mortgage to bt
<br />immediately due and payable. lender shall have waived such option to acceitrate if, prior to the Bait ar transfer, Lendtr
<br />and the person to whom ttte Property is #o be sold or transferred reach :tgtetment in writing that the credit of such ptrsun
<br />is satistactan ro Lendtr :end that the interest payable cn the ,ums Secured k+y this Mortgage shall t,t at such rate .ts I ladle
<br />shall rt:tucsi. If Lendtr has waived the option to accafceate provided in this paragraph i7, and if Borrower's successor in
<br />inttrtst has executed a writfcn assumption agrtemcrn accepted in writing by t.tnder, lender shall reltust Borrowtr from ail
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to ucctltrutc, !.ender shall mail Borrower nvtice of acceleration in accordance with
<br />paragraph !a hertaf. Suctt natice shall provide :t period at' act Itss than :} days from the date. the natice is malted within
<br />which Borrower may pa} the sums dtclarttl dot. It Borrawer fails to pay such sums prior to the expir9tian of such period,
<br />Lender may, without further natice or demand nn itorrowcr, mvakt any remcdit-s permitted b}• paragraph 18 hereof,
<br />Note-IJtvtroatit i'ove4nrors. Borrower ;rod Ixuder further covenant and agree as follows:
<br />1&. Acceirrarian; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any corrnant ar
<br />agrternent of Borrower in this Mortgage, inciudirrR the covenants to pay when due any sums secured by this Mortgage,
<br />C,eader prior to aecekration shall mail natice to Borrower as provided in paragraph IJ hereof specifying: ill the breath;
<br />(2) the ac43on required to cure such isrrach; (3) a date, not fees ttwo JU days from the date ehr notice is mailed to $orrower.
<br />by which each breach must be eared; and (4) that failure to cure such breach on or before ehr daft speciAed in the notice
<br />may resale in acceleration of the sums secured by this Mortgage, foreclosure by judicial proceeding and safe of the Property.
<br />'I"he notice shall further inform Borrower of the right to reinstate after acceleration and the right to axsert in the foreclosure
<br />proceeding the noa-ra}stence of a defeat! or arty other defense of Borrower to actekration and fortcl~ure. If the breach
<br />dIs not cnrrd on or before the date specified in the notice, Linder at Lender's option may declare all of the soma secured by
<br />Ibis Mortgage to be lmmediatety due and payable tvithoat further demand and may foreclose by judicial proceeding. Lendee
<br />shag be entitled to co11eM in sash proceeding aU exporters of forecbsure, ineludiug, Out not limited to, costs of documrnlary
<br />ovirlrnce, absteacte and title reports.
<br />io_ m._..v.~aro ?a':ght +o IDiet~ate. Notwithstanding Lender's acteleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have any arocredinss begun by Lender to enforce this Mortgage discontinued at any time
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