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<br />Lender's wriuen agreertaenrt or applicable law. Borrr~war shall pay the amount of ail mortgage; insurance prem. iu:tns in rite
<br />manner provided under paragraph 2. hereof.
<br />.Any amounts disbursed by Lender pursuant to 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 pa moot, such
<br />amounts sball be payable upon notice from Lender to Borrower requesting payment thereof, and shah bear interest from the
<br />date of disbursement at the me payable from time to time en outstanding principal under the Note unless payment of
<br />interest ale such rate would be contrary to applicable law, in which event such amounts shalt bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require bender to incur any expense or take
<br />any action hereunder.
<br />g. Inspection. Tender may make or cause ro he made reasonable entries upon and inspections of the Property, provided
<br />that Lender sfiall give Borrower notice prior to any such inspection specifying reasonable cause therefor related ro Lender's
<br />interest in the Pro~rty.
<br />9. Condemnation. The proceeds of any award er claim for damages, 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, 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 Borrower. In the event of a partial taking of the Property. unless Borrower 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 shat proportion which the amount of the sums secured b7 this Mortgage immediateh• prior to the date of
<br />to/ring bears to the fair market value of the Property immediatety pror ro the dale of taking, with the balance of the proceeds
<br />paid m Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemner offers to make
<br />an award or settle a claim for damages, Borrower fails [o respond in Lender within 3o 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 io 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 installment:.
<br />10. Borrmoer Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Under to any succesmr in interest of Borrower shall not operate to release. in any manner,
<br />the liabilitt of the original Borrower and Borrowei s successors in interest. Lender shalt not he required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured :^. ,h;s Mengage by ^~asor. a ary demand made be the original Borrower and Borrowers successors in interest.
<br />I1. I"nrbearance by Lender Not a tVaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance nr 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 Afortgage.
<br />I2. Remedies Cumufatfve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity. and may be exercised concurrently, independently or successively.
<br />~3. Stncessors and Assigns Bound; 'Ioinf and Several f,iabiBty; 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 Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower snail be ;Dint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not m be used to
<br />interpret or de$ne the provisions hereof.
<br />14, Notice. Except for any notice required under applicable taw to be given in another manner. tai an}• notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed ro Borrower at
<br />the Property Address or at such other address as Borrower map designate by notice t. Lender as provided herein, and
<br />(h1 any notice to Fender shall he given t?y certified mail, return receipt requested. to Lender's address stated herein or to
<br />such ether address as Lender ma}' designate t+v retire to Borrower as provided herein. Any notice provided e`er in this
<br />Morigagz ,flail be deer>!ed to leave been given to Bornwrr or I_cnder when give=n in the manner desi_anated Ixrein.
<br />i5. Uniform RfoetRai;e; Governing Law; Severabilih. This form of mortgage combines ztniform covenants for nations}
<br />use and non-uniform covenants with limited variations by jursdictinn to constitute a uniform secunr instrument coveting
<br />real propert}. This Mortgage shall be gc vetoed by the law of the iurisdicnan in which the Propzrty r I~ated_ 1n the
<br />..:hat p€~:-isir:n .-= c'.at:se of this 4f<tt;gafe ar the N4.te 4nnt1sct, wait upphcohle law: s . contlic* snail n^t ztfect
<br />other prov~su:ns of this Mortgage or the No[e which can be gi.~en effect without the conflicting provisiott, and to this
<br />end the provisiarss of the Mortgage and the Note are declared m 1?e severable.
<br />i~. i$urrower's Capv. Borrower shall $e furnished a eanfarmed espy of the Nate arm of this ,-si-v*Ftgaga ai the tii:tt
<br />of exe.utian or after recordation hereof.
<br />17. Transfer of the Property; Assumption. if all or any part of the Property ar an interest therein is sold or transfen'ed
<br />by Borrower without Lender's prior written consent. excluding ial the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (h) the creation of a purchase money security interest for household appliances, Icl a transfer 6y devise,
<br />descent or by operation of law upon the death of a joint tenant or fell the grant of any Itasehotd interest of three years or less
<br />not rnntaining an option to purchase, Lender may, at L.ender's option, declare all the sums secured h}' this Mortgage to be
<br />immediately due sod payable. Lender shat! have waived such option to accelerate if, prior to the sale nr transfer, Lender
<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 satisfnctorp m Lender and that the interest payable on the sums secured by this Mortgage shall tx at such rate as Lender
<br />shall rcyuest if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's suxessnr in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />1f Lender exercises such option to accelerate, Lender shall alai! Borrower naticc of acceleration in accordance with
<br />paragraph la hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower Wray pay the sums declared due. If Borrower fails to pay such runts prior M the expiration of such period,
<br />Lander may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />NvN-1! :~tt:ont+t Cava ~;tt•:~'s. Boeratver and Ixrdee further covenant sad agrc-~: as fo!laws:
<br />Ig. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of say covtuant or
<br />agreement of Borrower In this Mortgage, including the covenants to pay when due any sums secured by this wlortgagr.
<br />I.xadcr ptiiar to acceleration shall mail notice to Borrower us provided in paraRrapir IQ hereof specifyitg: fl) the breach;
<br />(2) the aetian required to cure such breach; (3) a date, sot less than 30 days from !be date the notice ~ mailed to Borrower,
<br />by which such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice
<br />may result in aceekratiau of the sums secured by this Mortgage, foreclosure by judicial proceedittg and sale of Ebc Property.
<br />The notice sball further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclarure
<br />proceeding the non-existence of a default or any arbor defense of Borrower to acceleration amt foreclosure. If the breach
<br />is not cured on or before the date specified in the notice, LetMer at Lender's option may declare all of the sums secured by
<br />this Mortgage to be immediately due and payable without further demand and may foreclose by judicial proceeding. Ixnder
<br />shell be entitled to collect in such proceeding sit expenses of foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstracts amt title repoAS.
<br />i9. Boerowcr's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall 'nave the rigfit ro have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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