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<br />lender`s written agreement or apphcatble law.. Harrower shad pay khe amo~tstt of ai? mortgage insurance premiums un the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed try La:ttder pussttant to this paragraph "7, with intemst thereon, shalt become additional
<br />indebtedness of Horrawer secured by this Mortgage. Unless Borrower and Lender agree to other terms or payment, such
<br />amounts shalt b~ payable apan 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 be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing cantained in this paragraph 7 shall require Lender eo incur any expense or take
<br />any action hereunder.
<br />8. fnspeeHon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall 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 far damages, direct ar consequential, in connection with any
<br />condemnation or other [acting of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shaft be paid to Lender.
<br />Tn 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 Harrower. [n the event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, them shall be apphed to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that prapartion which the amount of the sums secured by this Mortgage immediatel}• prier to the date of
<br />taking 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 />Tf the Property is abandoned by Horrower, or if, after natice h}' Lender ro Borrower that the condemnor afters to make
<br />an award ar settle a claim for damages, Borrower fails to respond ro Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to called and apply [he praceeds, rat Lender's option, either to restoration or repair of the
<br />Property ar ro the sums secured by this Martgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such applicatian of pn,ceeds tc principal shall not extend
<br />or postparte rho due date of the manthly installments referred to in paragraphs 1 and 2 hereaf or change the amount of
<br />such mstallments.
<br />10, Borrower Not Released. Extension of the time for payment or modification of amortization of the sums see reed
<br />by this Mortga~~• granted by Lender to any successor in interest of Borrawer shall not operate ro release, in any manner,
<br />the liability of cite original Borrower and Borrower's successors in interest. [.ender shalt not he required to cammtnce
<br />pr'otetdings against such successor or refuse to extend time far payment or otherwise modify amartizatian 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 />r~oabearante by Lender hot a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />othenvise a;forded by applicable law, shall net tm a waiver of or preclude the exercise of any such right ar remedy.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall net 6e a waiver of Lender's
<br />right to accelerate the maturity of Ehe indebtedness secured by this Mortgage.
<br />12. Remedies Cumniative. All remedies provided in this Mortgage are dis#inct and cumulative to any other right er
<br />remedy under this Mortgage or afforded by taw or equity, and may he exercised concurrently. independently ar successively,
<br />13. Successors anti Assigns Bound; .loin[ amd Severe} I.iabil€ty; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successvrs and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. Ati covenants and agreements of Borrawer shall br joint and several.
<br />Ttte captions and headings of the paragmphs of this Martgage are for convenience only and arc net to be used eo
<br />interpret or define the provisions hereof.
<br />14. [dotice. Except far an~• notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Martgage shall be given by mailing such natice by certified mail addressed to Borrower at
<br />the Propcty Address or at such other address as Borrower may designate by natice to Leader as provided here€n, and
<br />{b) any notice to [_ender shall be given by certified mail, rehtm receipt requested. to tender's address stated herein or to
<br />such ati;er address as Lender may designate n}' notice m Borrower as provided herein. Any natice provided far in this
<br />Mortgage shall I,t deemed to have been given to Borrawer ar Lender when giventn the manner designated herein-
<br />1S. uniform Mortgage; Governing Law; Scverabllity. "(his form of mortgage tambines uniform cavtnanis for natianai
<br />ast and non-uniform covenants with limited variations by jurisdictian to constitute a unifomr security instrument covering
<br />real property. "[his Mortgage sltail ht governed by the law of the jurisdictian in which the Prapcrty is located. [n the
<br />event tile[ .toy pravisiatt ar clause of ibis Mort~a)'t err the Note canllicts tt•ith anplicable law, 5!tclt ceni~itt shall not af€tct
<br />ether pravision~: ,r ibis R9artgage or the Nait wn;:h can fie given effect without the cantlictir,g pravisian, and to this
<br />end tlt~ ~.r:vi=?E.= a..- - -=-,rgag4 a„d t`t 'sot4 a ti clktl:,rt-d tc• hk °;:.vtrablt,
<br />?~. ~°~-vgt='3s'op`.~~3:rc:wtr 3i:ali ~ furnishzd a ec.nfc-s.^tt:ed eapy of the.3t_ste ~z:d .-~,f #his M~~gae :t #h: #•stn;=-
<br />M execution or aRer recc~rdatian hereof.
<br />17, Transfer of the Property; Assumption. if all oe any part of the Property ar an interest therein is sold ar transfttte_i
<br />by Borrawer withaut Leader's prior written consent, excluding (a) the cruation of a lien or tneumbrance subordinate to
<br />this Martgage, (hl the creation of a purchase money security interest far household appliances. ic) a transfer by devise,
<br />descent ar by operation of taw upi,n the death of a joint tenant ar td) the grant of any Ieasthold interest of thtt-t years ar less
<br />oat containing an aptivn to purchase. [.ender may, at [_tnder's optian, declare all the sums secured by this Martgage to bt
<br />immediately due and payabie. Lender shaii have waived such optian to accelerate if. prior to the sale ar transfer, Lender
<br />and the parson to wFam the Property is to tx sold or transferred reach agreement in writing that the credit of such pttsan
<br />is satisfacear}• to T.etadtr xnd that the interest payable an the sums secured by this Mortgage shall i,t at such rate as Lender
<br />shall toques[. if [.ender has waived the aption to 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. [.rode: shall release Harrower from all
<br />obligations uniirr this Mortgage and the Note.
<br />if t,trdtr extrcis::s sash optian h~ acttltrate, Tinder shaii mail Borrowtr natice of acceleratioon in accordance with
<br />paragraph i•# hereaf `loch natice shall provide a pcrioei of not Tess than 30 days from the data the natice is mailed within
<br />which Borrawer may pay the sums declared due. tf Barrowrr fails to pay such sums prior to the expiration of such period,
<br />Lander may, withaut fitrther notice or demand on Borrower, invoke any remedies }xrmitted by paragraph 18 hereof.
<br />.,E,..-~-Fitt-~.:<=i i i;VF-z,,rass. Bt3rrzwEr;tnd L~ntlEr fitrtltt.r covenant and egret as faiiatvs:
<br />lf{. Atceieratioa; Rrtnedlet fExctp4 as provltled in paragraph t~ hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrawer in fhb Mortgage, including the covenants to pay when due any some secured by this Mortgages
<br />Lead€r puiar to accekr~€on shai€ mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breath;
<br />(2} the aetloa required to care sash breach; t3) a date, oat tee than 30 days from the date Me notice I5 msihd to Borrower,
<br />by which such breach must be cured; and (4) that failure to cure such breach nn or before the date specifeed in the notice
<br />may restuit in acceleration of the sums secured by this Mortgage, foreclosure by jndicial proceed€rtg and sale nE Hte property,
<br />The notice shag further ittfot•m Borrower of the right to reinstate after acceleration and the tight to assert in the forechrsure
<br />proceeding lire non-ez~tence of a tkfault or any other defense of Sarrower to acceleration and foreclosure. If the breach
<br />3a no! cured on or before the date sped@r.d in the natice, Lander at Lender's option may declare all of the sutras secured by
<br />this Altartgage to be Immediately due and payable without further demand and may forecl~e by judicial ptnctedlttg. Leader
<br />shall be entitled to coliectsn sorb proceeding aH expertses of foreclosure, including, but not 1€mited to, twsts of docutu~entary
<br />evidence, abstrttcis and title reports.
<br />19. Borrowe>s Right to Reinstate. Notwithstanding Lender`s acceleration of the sums secured by this Mortgage,
<br />Borrawer shall have the right to have any proceedings begun by Lender m enforce this Martgage discontinued a[ any time
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