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<br />I.rndcr's written agrettnent or applicable law. Borrower shall pay tttt amoum of all mortgage insurance premiums in iht
<br />manner providz<i under paragraph 2 hereof.
<br />Any amo=rats disfsursed by Lender pursuant to this paragraph ?, will°. interest thereon, sYtall become addiiionai
<br />indebtedness et Borrower secured by this Mortgage. Unless Borrower any? Lender agree to other terms of payment, such
<br />amauttrs shall tar payable upon notice from Lender ro 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 ratz would be contrary to applicable law, in which event such amounts shaii bear interest at the highest rate
<br />perntissibh under applicable taw. Nothing contain_d in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />g. Irisptc•tion. Lzndzr may make or cause to he made reasonable entries upon and inspections of the Froperty, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lenders
<br />interest in the Proper~y-
<br />4. Condemnation. The proceeds of any award or 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, arc hereby assigned
<br />and shat! he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shalt t+c applied to the sums secured by this Mortgage,
<br />with the excess. if any, paid ro Bor:+wer. in the event of a partial taking of the Property, unless Borrower and Lender
<br />othznvise 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 sums secured h}• this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediatey prior to the dale of taking. with the balance of the proceeds
<br />paid to Burrower.
<br />Tf the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, $orrawer fails to respond ro Lender within 30 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 otherwisz agree is writing, am• such appli.ation of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installm_•nts referred to in paragraphs t and 2 hereof ar change the amot:nt of
<br />such installments.
<br />IB. Borrower Not Rtieased. E:xtensian of the time for payment or modification of amortitation of the sums secured
<br />by this Mortgage granted by C.tnder 0.+ any successor in interest of Borrower shall oat operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successan in interest. Lender shall not br required to commence
<br />proceedings against such successor ar refuse to extend time for payment or otherwise modify amortization of the sums
<br />scented by this ir9ortgage ?+y reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />11. Farbearattce by ixnder Not a Waiver. Any forhearence by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shall not be a waiver of or preclude the exercise of aoy such right or remedy.
<br />The procurement of insurance er the pavntent of taxes or other inns or charges by Lender .hail not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Rtatedies Cumuiafive. All remedies provided in this Alortgage are distinct and cumulative to any other right or
<br />remedy under this Mc•rtgagr or afforded h}• law or equity, and may he exercised concurrently, independently ar surcessively.
<br />13. Snceessots and Assigns Bound; Joint and Several f,iab7ity; Captions. The covenants and agmemznts herein
<br />cantainzd shall hind, and the rights hereunder shall inure to, thz respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. .AII covenants and agreement, of Borrower shall he joint and severah
<br />The captions and headings of the paragraphs of ibis Mortgage err far convenience only and are nut to F+z used m
<br />interpret ar define the provisions hereof.
<br />i4. Notice. Except for any notice required under applicable law to be given in another manner. (a) an}• notice to
<br />Borrower psavidcd for in this Mortgage shall he given by mailing such notice 6y certified mail addressed to 8orro+rzr at
<br />the Property Address or at such other address as Borrower may designate by noticz ro Lender as provided herein, and
<br />(t+l env notice to Lender shaii taz given by certified mail, return stceipt requested, to !.entity's address stated herein t+r to
<br />such other address as Lender may designate bt' notice to Borrower as provided htrein_ Any notice erovidtd for in this
<br />Mortgage shall tae deemed to have been given to Borrower ar l.endtr when given in the manner designated herein,
<br />15. Uniform ?vfortgagt; C.overnirtg Law; SevrrabBitr. This form of mortgage combines uniform covenants for national
<br />_ttse and non-nnifr,t•m crvrnanis with iirreitrtl variations by jurisdiction to censtiture a unifomt srct:rity instrumeiti covering
<br />real property. This Mortgage .-shaii tiz gavcrteed Ky the law of the iurisdiction in which the Preerrty i5 iwated. In the
<br />event :hat any pre+visian or elaue of this Mortgage or the N..tr contlicrs with appticaMfe law, such eonftici shat'. not affect
<br />other prc+vi=leers of this ~-_.- - .the Nott wn,ch ~_.: iar •_ivrn tTect wii+ert tilt ~afiiUting pry~vi3itn. a...~ ,y, tis
<br />end th pr~visian of ihr !4t+rrgage and the Nr~tc re ,'tcirtd t+? ~ eve,=ab?..
<br />LS. Borrower's Copy. Borrower shalt Mr furnished a conformed copy of the Nate and of this Martgagt at the time
<br />of execution ar after retardation hereof.
<br />17. Transfer of thr Property; Assnmpthrn. if all ar any part ~f !hr Property ar an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written cnrnent, excluding ta) the crratian of a lien ar encumhranct subordinate to
<br />this Mortgage, (b) the creation of a purchase money srcuriiv interest far household appliances, (c) a transfer by dtvist,
<br />descent ar by aprratiott of law upoo the death of n joint tenant ar (d) the grant of anp• leasehold interest of three years or less
<br />not containing an option in purchase. l.rnder nta}. at !-entity'; optic+n, dechtrc all the sums szcurrd by this Mortgage to ht
<br />immediately due and payable [ender shall have waived such option w accritrrie if, prier m the +ale or transfer. Lender
<br />and the person to whom the Property i; to br sold i+r transferred reach agrrcment in writing that the rrzclit of such person
<br />is satisfactory to Lender and that the incerest payable on the xums secured M this Mirrtgagt shall he at such rate as Lender
<br />shall rryutst. if 1 ender has warved the opton to accelerate prosidrd in this lsrragraph 17, and if &+rrower's successor in
<br />interest ha•: ++xtcutad a written assumption agrermrat acrtpfrd in writ:og by I ender. I_rnder shall rcltase Borrower from all
<br />obligations w+dei'this'fat€gagt and the Note.
<br />if I..rndrr exen'tses such option to acccirrate. Lender shaii mail Borrower notice of accr,lesatian in a~4ordancr with
<br />paragraph 1~ herzat Such nuticz shall provide a prnad of nut Itsc than i0 da}'s from the Batt the notice ix inai'sz°.i +vithln
<br />which Bon-owzr may pay the sums dne•la.rtd due. If Botrou'rr' Earls to pay such sumx prior to the expiration of su;h ix•trcxl,
<br />I.zuder may, without further notice or dernanet on Borrower, invoke any rrmrdie, l+ertmtted by paragraph 1R hereof.
<br />±~!<ou-l);vtr'aa+t t~ifvE.av t's. Yartowrr ;end I,rrrdzr €urt5rr sr+vruarrt :end a)Ftcr as lolicrevs_
<br />1N. Acccieratirrn; Remcdtcs. ;Except as proridtd is paragraph 37 hrrtvrf, upon Borrower's brrack of any rovtnaut ur
<br />s~rermtnt of flurruwer In this !4tort$agt, iuclndhtg !ht rovttwnts to pay when due any sump secured by tkis `for~a~r,
<br />1Lentier prior to acetlet•atioa skaN mail nutlet to Borrower ax pro,<ided in paragraph ld hereof specifying: tIi the brcark:
<br />(2) eke attktn required to curt sorb breach; (3) a dale, nut less than 311 dayx tram the daft eke ttotire is mailed to Borrower,
<br />by wkiek suck breach mast Ire rayed; and (d) that faiiurt to Bart such breath on or before ihr date speritted is rite ttotk•t
<br />may result in acceleration of the sutus secured by skis INartgage, foreclosure by judicial proceeding and hale nt the Property.
<br />'1"ht nutlet shall further inform Borrower of the right to reinstate otter screlerntioa and tht right to assert is eke foreclosure
<br />proceeding the non-tsisttace of a default or any Wher drfer~ pf Borrower to acceleration sod forccl~urr. U the brentk
<br />is not cumvl on or before the date specified in the notice, Gender at Leader's option may declare all of the sums strurcd by
<br />thb Atertgave to be imnitdietcly due and payalde witkou! further demaml and may fnrcclose by judidal proceeding. Lender
<br />shall rte entitled to cwlteM in such protet."ing all tzpertres of forecl~are, includissg, but not limbed to, costs of docamroiary
<br />tvidcnre, abstracts and title reports.
<br />i4. >Borrower's R~bt to Reimiatt. Notwithstanding I_rndtr's acceleration of the sums secured by this Mortgage,
<br />Boeeoevee steal; have the right to have any proeeedtngs begun by Lender to enforce this tifortgage discantr`nutd at any time
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