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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />An} 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 payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requq[ing 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 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 be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Harrower 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 ctaim for damages, direct or consegtrential, in connection with arty
<br />condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall 6e paid to Lender.
<br />Ir, 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 Aorrower. 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 ro 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 vahte 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 I~nder to Borcower that the condemnor offers to make
<br />an award or set@e a claim for damages. Borrower fails to respond to Lender within ~0 days after the date such notice is
<br />maiked, Lender is authoriuck to collect and appiy~the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this lv4ortgage.
<br />Unless L_nder and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the dur date of the monthh• installments referred fo in paragraphs i and 2 hereof or change the amount of
<br />such installments.
<br />t0. Borrower tint Released. Ex.ension of the time for payment or modification of amortization of the sums secured
<br />by this 3{ortgage granted by Lender to anv successor in interest of Borrower shakl not operate to release. in any manner.
<br />the liabilit}' of the original Borrower and Borrowers successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of ;;ny demand made by the original Borrower and Borrower's successors in interest.
<br />l 1. Forbearaoee by Louder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not Ix a waiver of or preclude the exercise of anv such right or remedy.
<br />The procurement of insurance or the payment of taxes nr other liens or charges by Lender shalt not 6e a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Diertgage.
<br />]2. Remedies Cumulative. AiI remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently, independently or successively.
<br />l3. Successors and .4asigns Bonnd; Joist and Several f,iabilify; 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 Aorrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower chalk be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc fee convenience only and are not to he used to
<br />interpret ar denn"nr the provisions hereof.
<br />!4. loiice. Except for any notice reyuired under applicable law m be given in another manner, [a) any notice to
<br />Aorrower provided for in this Mortgage shall he given by maiiin¢ such notice by certified tool! addressed to Borro:er at
<br />the Propem• Address ._tr at each other address as Borrower may destgnate by notice to Lender as provided herein, :end
<br />kbl any notice to Lrndrr shat; he given by certified mail, return receipt requested to Lendess address stated here;:; .:c to
<br />such other address as tender ma}' designate by notice to Borrower ns provided herein. Any notice provided form this
<br />Mortgage she!: !a< deemed to k;ave been };,urn to Borrower or i.ender when given in the matrner tkeskgnated herein.
<br />I5. Uniform Mongagr: Governing C,aw; Srvrrahrlify. ~I'hi~ fc=rtn of mortgage combines uniform covenants fcr national
<br />use and non-uniform sxeuants w-it}t kimiteck variations by Jurisdiction to constitute a uniform security instrument covering
<br />real property. "this b{ortgage shall he gncerned t+y the law of the iurisdictiun in which [he Property is lxated. In the
<br />event that an}^ provision nr clause of this Mortgage nr the Note cnnllicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can br 3iven effect without the conflicting provision, and to this
<br />end the provisions u[ the Mortgage and the Note :ere declared to be severable.
<br />td. Borrower's Cupy, Borrower shall hr tarnished :: conformed copy of the Note and of this Mortgage at the time
<br />of exrariirnt or ater recordation hereof.
<br />17. Transfer of the Property; Assumption. 7f all or any part of the Property ur an interest therein is sold or transferred
<br />bV Borrower withow Lender's prior s+•ritten consent, excluding ix) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, Ih) the creation of a purchase money security interest for household appliances, te) a transfer by devise.
<br />descent ur by operation of law upon the death of a joint anent or tdl the gram of any Icasehold interest of three Years or Iris
<br />rte! containing an optiotr to purchase, Lrndrr maY. at Lenders option, declare all the sums secured by this Mortgage to be
<br />immediately dur and payable. Lender shall have waived such option is accelrr:ue it, prior to the sale or transfer, lender
<br />and the person m whom the Property is to be Hold or Transferred reach agreement in writing that the credit of such person
<br />is satisfactory ro Lender and that the interest payable on the xun. serwrd by this Mortgage shall br :u such rata as Lender
<br />shall request it Lender has waived the option to aceelrrate provided m ibis paragraph I7, and d Aorrower successor in
<br />interest has rxeuned a written assumption agreement accepted in writing by I ender. Lender shall release borrower lento all
<br />obligations under this Mortgage and the Note.
<br />if Lender raereises such option N aereleratr, Lrndrr shall mail Horruwcr noose of ae~cleration in acu?rdnner wuh
<br />paragraph 14 hereof. Such .once shalt provide a ecricd -~ ~t ins tk?gt. =t) u;t, ~ e.m me dale: the notice i ntaikeal within
<br />which Borrow-ar may paY the sums decta[rd due. It Borruwe; !a:k~ io pad ~u~h .,tans poor to the expiration of such 1_?rriod.
<br />Lrrrdrt may, wnhoui further notice or ciemund tin Borrower, insukr au} rcntrdics permitted by paragraph 18 hereof.
<br />Ner"r-UtJtr~oa st Covr;_tinH rs. Harrower ;utd Lender turhe+ co.rnant anal agree as (oEiows:
<br />!8. Accrkraliau; Remedies. Except as provided in paragraph t7 herrut, upua Harrurver's hrrerh of any covenant or
<br />aiireemexl tit Borrower in this blorfgage, including thr cuvrnaufs to pay when due any stuns xecured by this .Morigu)rr,
<br />Lender prker to accekrallorr shall txail twiice to Hnrruwrr as proakdcd 'tit parakraptt IJ hereof stteeifying: (Il the breach;
<br />(2}!hr aclfttn reyuired iu cure such breach; f3i a date, rwl lest, than 30 days from the deft the notice is mailed to borrower,
<br />by whic4 strch breach moat be cured; uxd N) that failure to cure wch brracb uu or hrture the. dale specified in the Holier
<br />may result in wceleraliat of the awes xcured by this Mortkagr, toredosum Ay judkial prucrrding and sale of the Properly.
<br />"file Holier obeli further inform Borrower of the riRM fo reinstate after ucceitration and the right to :rsseri its the fomcbaure
<br />prucredirfg lire nuao-exiairnce of a default or any officer defense of Horruwcr to aecrieration anti for~elusure. It the breach
<br />ks uu! cured o0 or hetore ihr dais specified in tier notice, Lrndrr at lender's oplirm may declare aH of the sums secured by
<br />this Morlguq.. to he inwrrdialeiy due and payable without further rkmand :wd may foreciusr by judicial procredlug. fender
<br />skalt he extiiied to cofieci in such proceeding all expenses of foreMusure, inciwlfog, soul out limited tu, costs of doruntrntarv
<br />avifkf.ce, ab>iracis and title reports.
<br />19. Borrower's ft~ht to Reinsiatr, N€~twithxtanding f. t d~ - ~ - - - r t - s r n - ,;, z our-_d t+v +his Mortgage.
<br />iortowcr shall have the rigl+t to Isaac any t roceedinga~ leg ,a .+s ....near r , cnu.a ~ - nu. Mora rga Jie,,ca Wnucd at ,m) t Hie
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