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<br />Lender's written agreement ar applicable law. Borrrwer sh;[ll pay the amount of all mortgage insurance premiutns tat the
<br />manner provided; undr:r paragraph 2 6ereaf.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with. interest therean, shall become additianal
<br />indebtedness of Bottcwer secured by this Mortgage. Unless Borrower and Leader agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall hear lore ^si from the
<br />date of disbursemert 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 law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. I4athing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to he made reasanable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prier to any such inspection spec:ifying r^.asonabie cause therefor related to L.ender's
<br />interest in the Property.
<br />4. Condemnation. The pracecds of any award or claim for damages, direct or consequential, in connectian with an}'
<br />condemnation or other taking of tt'e Property. or part thereat, or for conveyance ~n lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />7n the event of a rota) taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. in the event of a partial taking of the Praperty. unless Borrvwer and bender
<br />otherwise agree in writing, there shall he applied to the Burns secured by this Mortgage such propartion of the proceeds
<br />as is equal to that prupertion whic}r the amount of the sums secured by this Mortgage immediately prior 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 />If the Property is abandoned by Borrower, or if, after notice by Lender ro Borrower that the condemnor offers to make
<br />an award nr settle a claim for damages, Borrower fails to respond to Lender within '+0 days alter 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, anV such application of proceeds to principal shall not extend
<br />or postpone the due date of the manthiy installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />t0. Harrower Not Released. F,xtension of the time far payment or modification of amartizatian of the sums secured
<br />by this Mongalrc granted by Lender to any successor in inures[ of Borrower shall nut operate to release, in any manna.
<br />the liability of i'rte original Borrower and Borrower's successors in interest. Tender chap not be required to commence
<br />prceedings asainst such successor or refuse to extend time for payment or vthetwisc modify amorti~.ation of the st:ms
<br />secured by this Mortgage by reason of any demand made by the ariginal Borrower and Borrow°er's successors in interest.
<br />Ii, e+nreearanre by Lender Rot a Waiver. Any torbearance 6y Lender in exercising an}' right cr remedy hereunder, or
<br />otherwise afforded by applicable law, shat! not be 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 not he 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 thix Mortgage are distinct and cumtdat;ve to any ether right ar
<br />remedv under this Mortgage or afforded by law or equity, and may he exrcised concurrently, independently ar sttccessivel}.
<br />Is. Successors and A~igns Hound; Joint and Several Liability; Captions. `the covenants and agreements herein
<br />cantained shall hind, 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. A!1 covenants and agreements of Borrower shall be ioint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to i+e used to
<br />interpret or define the provisions hereof.
<br />14. IVMice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided fur in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address ar at such ether address as Borrower may designate by notice: to Lender as provided herein, and
<br />(h) any notice to Lender shall he given by certified mail, renim receipt requested. ro I.endtr's address stated herein ar to
<br />such ^ther address as Lender may designate by notice u? Harrower as provided heroin, Any notice provided for in this
<br />Mart¢agc shall he deemed to havr, been given to Burrower or Lender when given in the manner desi¢nated herein.
<br />23. Uniform Mortgage; Governing Law; Sererabltity. "This form of mortgage combiner uniform covenants tar national
<br />use and non-uniform covenants with limited variations by jurisdiction to evnstiune a unifvrm security instrument covering
<br />reef propcri}'_ 'This Morigagc shall be governed by the law of fire iurisdictian in which the Prapetty is lacated. In the
<br />eVeitt their ally provisi+in or efaric OC thiv MOrtgate e+r the Ntric ~f+nfliiis wlfl7 a9pl'tc'atile I&w, atleit 4t3nt~ICts1r311 net[ at~E`tt
<br />ether p:_:visions of this',iartgage or the Note which salt be given etlect xa~ithoui the cvnflicting pn?cisivn. and to this
<br />end tnc •, __._. .. it,e ~-. - - and the Nair are declared to lie severable.
<br />it4. 13nrrnwer'sp t,apvn Borrower shall be furnished a cnnfnrmed cnpv of the Note and of this Morigagt ar the time
<br />of executian or after recordation hereof.
<br />IT. Transfer of the Property; Assumption. If all or any part of the Property ar an interest therein is said ar transferred
<br />by Burrower without L.ender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. fb) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descant or h}' operation of luw~ open the death of n joint tenant or (dl the gram of any leasehold interest of three years yr less
<br />not containing an option to purchase, Lender may.:u Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. 1_ender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to wfit>m the Property is to he sold .x transferred reach agreement in writing that the credit of such person
<br />is satisfactary to I.et :fer and that the interest payable an the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. if 1 ender has waived the option to accelerate provided in this paragraph 17, and if Borrower', successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Rottawer from all
<br />obligations under this Mortgage and the Note.
<br />if Lender exer~ix~s such :>ptiun to accelerate, Lender shall mail Borrower native of acceleration in accordance wish
<br />paragraph ik hereof. 4uc;h nutlet shalt provide a period oi' oat less than 30 hays from the date the. notice is ntaifed within
<br />which Borrower may pay rite gums declared due. II Burrower fails to pay such stuns prior to the expiration of such period,
<br />Lender ntay, withaue farther Warren or demand an Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />N,tu. Li A;et-=s=.•.a t'c+.vttr~xu*s, Ii:,rrnwer and Lender further cevea.tnt and agree as fofiews•
<br />E$. Accr:iesatloa; k2etacdies. except ~ provided in paragraph t7 hereof, upon Harrowers brcacb of any caveaaut or
<br />agreement of Borrower in this M1iorigagt. inchtding the covenants to pay° when due any sums Bleared by this 1-fortgage,
<br />i.tuder prior to accelerutloa shall mall rwtice to Borrower as provided in paragraph IA hereof specifying: Il) the breach;
<br />{S) the astioa required to cure such brtach; (31 a date, not leaY than 3p days from the date the notice is mailed to Borrower,
<br />by wbic6 such breach must be eared; and (S) that failure to care such breach on or before tht date specified in the rwtice
<br />may result in aceeleratiaa of the sums secured by tba; 14foregage, Forcchr•ure by judicial proceeding and sale of the Property.
<br />Tho notice shall further inform Borrower of the right to reinstate after acceleration and the rigid to assert in the foreclosure
<br />Xrroceeding the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach
<br />iR not cured on or before the date specified in the notke, Lender at Lender's option may declare all of the sums secured 6y
<br />this ,Mortgage to be immediately due and payable without further demand and may foreclose by judicial proceeding. Ixnder
<br />shall be entitled to collect in such proceedlttg all expetau:s of forcclosarc, including, but not limked to, costs of documentary
<br />evidence, abstracts and title reports.
<br />19. Borrovvetrs Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this hfvrtgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce ehis Mortgage discontinued at any time
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