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Lender's written agreement or applicable iaw. Borrower shad pay the amotant of aEl mortgage insurance premiums in the
<br />manner provided under paragraph 2 herraof.
<br />Any amounts disbursed by Lender pursuant to this paragraph ?, witfi interest thereon, shall becotm atlditionat
<br />indebtt~ness of Borrower secured by this Mortgage, Unlecc Borrower and Lender agree to other terms of payment, such
<br />amotmts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall brae interest from the
<br />date of disbursement at the rate payable from time to tune on outstatrdirtg principal under the Notc unless paytrttet oP
<br />interest at such rate would be contrary- ro applicable law, in which even! such amounts shall bear interest at the highest rate
<br />permissible onder applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense nr take
<br />any action hereunder.
<br />g. Iaapection. I-ender may make or cause to )+e made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat! give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest ir. the Property.
<br />9. CottdemvtaHon. 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. are hereby assigned
<br />and shall h: paid to Lender.
<br />Tn the event of a rota! taking of the Pmperty, 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 nartiE! taking :;` tla Property, unless Borrower and Lender
<br />othenvi~; agree i,~ writing, there shall be 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 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 m Borrower.
<br />Tf the Property is abandoned by Borrower. or if, after notice by Lender to Aor•rower that the condemnor offers to make
<br />an award nr settle a claim for damages. Borrower fails to respond to Lender within 3t) days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the procetds. at Lender's option, either to restoration or repair of the
<br />Property or 2n the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of prtrcceds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs !and 3 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to an}• successor in interest of 8orcower shall not operate to release. in any manner,
<br />the liability of the origins! Harrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured bV this Mortgage by reason of any demand made by the origins! Anrrower and Borrowers successors in interest.
<br />ll. Forbesraoce by Lender Not a Waiver. Any forbearance by i,endcr .n exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be z waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens ar charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the mdehtedness secured by this Mortgage.
<br />T2. Remedies Cttmutatire. All remedies provided in this Mortgage are distinct and cumulative m any other right or
<br />reined}• under this Mortgage or afforded by law nr equity, and may be exercised concurrently. independently or successively.
<br />I3. Srrccessors and Asaiq~ Bound: Joins and Several LiabBity; Captions. The covenants and agreements herein
<br />contained shat' bind, and the rights hereua~er shall inure to, the respective successors and assigns of Lender and Borrower,
<br />ubjctt iu ;..c provisions ,.f liaiagraph i' hereof. :.ii Wvenanis and agrerrnrnin of aorrowrr aitaii [x joint :end several.
<br />The ~-aptiorzs and headings of the paragraphs r?f this Mortgage are for convenience only and are nut to be used to
<br />interpret or define the ornvisions hereof.
<br />14. Notice. Except for any notice required under applicable law to he given in another manner. (a) any notice [o
<br />Borrower provided fur in this b4ortgagr shall he given by marling such nonce by certified mail addressed to Borrower at
<br />the Pn,perty Address nr at such other address as Borrower may destgnate bV notice to Lender as provided herein, and
<br />(KI any Honer ;o Lender shall he given by certified mad. return recerpt requested. to Lender's address stated herein or to
<br />such cxher address as !-ender may designate by notice to Harrower as pnvtded herein- Any notice pruvidrd fur in this
<br />Mortgage shall I+r. deemed to have been gtvtn to &~rrower or !ender when given in the manner designated htrcin.
<br />15. P,niform MortArt*e; Covernini; Law; SevrrabiBty. (fits form of mortstage combines uniform covenants for naurntai
<br />use and non-uniform covenants •.vith limited ,•ariations by jurisd;ctian to ~unstitutt a umtorm secant}• instrument covering
<br />real property. -This Mortttu$r shall he governed by the law oc` the !urisdicdon in which the Property is !cxafed. In the
<br />event that any provrsion of clause of this Mortgage or the Note runflicty with applicable law. such eonllict shall not affect
<br />other ^n~visions :,: this Merta„e 'r the 'Yore w}u.it coo he pryer etlect without the contlicting provision, and to this
<br />end the provisions .~f the 4longagr and the 'tiote ar_- deilared to ?*r seuerable.
<br />lei. Borrower's Copr. Torrower ,hall be furnished ^ conformed copy of the Note and of this Mortgage at the time
<br />of rxcs:ution or atttr recnrdauon hereof.
<br />17. Transfer of the Property; .Assumptas. if all or any part of the Pmpertv or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (al the creation of a lien or tneumbrance subordinate to
<br />thu Mortgage, ibl the creuuon of ~ purchase money stcuriry interest for household appliances, !c) a transfer by devise,
<br />descent .,r by operauon of few ulxm the death oC a joint itnam ur let) the grant of any leasehold inlrrest of three years or Icss
<br />nut containing an option to purchase, Lender may, at L.ender•s optnm, declare all the awns secured by this Mortgage to be
<br />immtdrately due .ued payable. Lender she!! have waived such option io accelerate if, prior to the .ale or transfer, Lender
<br />and the person w whom the Yroptrty is to tee sold or transferred reach agreement rn wrung that the credit of such person
<br />is satisfac2~rv to Lender and that the interest payable un the sums secured by this Mortgage shat! tro at such rate as f coder
<br />shall rryuret. If Lender has warved the vptron to 'accelerate provided in this paragraph 17, and tfi Borrower's successor in
<br />interest has rvecuted a wntten assurnptiun agreement accepted in writing by lender. Lender ;hall roltast Harrower from all
<br />obligatioq, under this Mortgage and the Note.
<br />if Lender e.ver::ists such ++ption to accelerate, Lender shat) mail Borrower notce of accrlerauon .n accurdans;r with
<br />paragraph !1 hereof tiuch ounce shall provide a period of nut less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums dp9ared due. If Borrower lads ro pay such sums poor to the expiration of sorb period,
<br />Lender may, without further nonce or demand on Borrower, invoke any remedies prrmnted M paragraph IR hereof.
<br />NoN-(INIFURM C'oveNn>; rs. Hurrowtr and Lzndtr further r uvrnaut and agree as l,tllowa
<br />18. Araekrntion; Remedies. Facept rte provided is par~iraph i7 hereof, upon Borrower's breach of any covenant or
<br />trgreetrrenr of Borrower in this MgrtRtpte, inc-ndiag the covewsaie to pay wbin due nay cams secured try thh Rfortgtrge,
<br />(.ender prior to acrekratioo shah mril rwliCe fu Borrower as provided is ptuaXrrph t4 hereof sporifyieB; fi- the brewh;
<br />t2) the aaNbo required to cure such breach; t3) a date, not cart than 3U days (runt the dare the merles is ctraUed w Borrgwrr,
<br />by rrbicb !taco breach mast ba cored; sad (4i that faitera to clue such breach oa ur before the date specifisd in the notice
<br />u:ay resrdt fn accekrai3oa uF the some secured by tbK :lfort~e, forecktsare Dy judkial prwecdln~ and salt: of the Property.
<br />Tba notice sbaB fartbrr inform Borrower of the right to refustate aNer accekr~atioa sad the tiRbl to assert in the furecloeorr
<br />prorerdtwg the nun-exktteaee oC a dtfaat! or atvy glhtr defe~e of Borrovcsr iq accekratioa atad fot'zcioture. ff the breach
<br />is tort eared oa ur brfun rue dNe xpeciiud is the notice, Leader m fender's option may decitue all o[ the samac secured by
<br />this Mortgage to he itrsrnudi»4tdy dun and payable without farther deasaad trtrd may forocksee by judicial prgceediteg. I.ertdrr
<br />+rbrdl ho eatitiai tq egltect in arch prtrceedbitt a8 txpras+dr of torecbwn, f,rrtiadhg, but not tbnited to, crttda of dorotueatarv
<br />evidert._e, abRiratrJ! sod t~ r,?gur#.
<br />!~. Borrr:evtrx tt~ to T~LrtExxaate. '`+oiwithstandmtt !stu>s:'s acc:cierat;un of the Burn, sx~rned !.y thin Mc;rigagt,
<br />ltarru++er ,:hall have ;kw r~15t try hove env pfckeealm~ ixg;rcr by Lender to tnforct the, Morr~age ,Ir~unirnued et any t+nte
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