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<br />so-~a~ 3~
<br />Lender's written agrcement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become addidooal
<br />indebtedness of Borcower secured by this Mortgage. Unless Borzower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to 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 rate would be contrary to applicable law, 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. et[persse or take
<br />soy action hereunder.
<br />>L impaction. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that T ruder shall give Borrower notice prior-tn say such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9, Cotstkmnatbn. 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 be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured bg this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Bor per and Lender
<br />otherwix agrce in 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 liars to the fair market value of tfie 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 to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is atrthorized 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 Lander and Barzowcr othetwix agree in writing, any such application of procceds to principal shall not extend
<br />ar postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amot[.,c of
<br />such installtrtents.
<br />19. Bortawer IVot Released. ~xtersian of the time far payment or medfficaren of amortization of the sums secured
<br />6y this Mortgage granted by Lender to any successor in interest of Borrower shall net operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refux to extend time for payment or othetwix modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />Il. Fetbearaoe by Fender Not a Waiver. Arty forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwix afforded by applicable law, shall no[ be a waiver of or preclude the exercix of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or Other {tens or charges by Lender shall no[ be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />1L Remeiks Cu~tlre. All remedies provided in thi; Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Satcessors and Aatigm Boned; 3oitst std Seveal GiabBity; Captions. The covenants and agreements herein
<br />contaitxd shall bind, and the rights hereunder shalt 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 shalt be joint and xveral.
<br />The capdatu and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret ar defitte the provisions hereof.
<br />1!. Notice. Except for any notice required under applicable law tc be given in another manner, (a) any notice to
<br />Borrower provided for in Chit Mortgage shall be given by mailing such notice by certified mail addresxd to Harrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shalt be given by certified mail, return receipt requested, to Lender's address stated herein ar to
<br />such other address as Lettder may designate by notice to Borrower as proFided herein. Any nonce provided far in this
<br />Mortgage shall be deemed to have lien given to Borrower or lender when given in the manner designated herein.
<br />15. Uniform Mmlaage; Governing taw; SeverttiBity. This form of mortgage combines uniform covenants for national
<br />tix and non-uniform rnvenants with limited varia[ians by jurisdiction to constitute a uniform security instrument covering
<br />roil property, This Mortgage shall be governed by [be law of [he jurisdiction in which the Property is located. In the
<br />event that any provision or claux of this Mortgage or the Note conflicu with applicable taw, such conflict shalt not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the cottflictirtg provisipn, and to this
<br />etd the provisions of the Mortgage and the Note are declared to tx xverable.
<br />if. 1Batrewer's Copy, Borrower shalt be furnished a can#ormed copy of the Note and of this Mortgage at the time
<br />of execution w after recordation hereof.
<br />17. 1<ltansfer of tic 1Mparty; Aagsnp4on. If alt or any part of the Property or an interest therein is said or transferred
<br />by 8orzower without I.e-0der's prior written eonxnt, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase tstoney security interest for household appliances, ic) a transfer by devise,
<br />descent or by operation of law upon the death of a join tenant ar fd) the grant of any leasehold interest of three years ar less
<br />riot containing an option to purchase, Lender may, ai Lender's option, declare all the sums secured 6y this Mortgage to be
<br />rtntoedtately doe and payable. Lender s!rall h~vL waived Such option ro accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom rise Property is to be sold of transferred reach agreement in writing chat the credit of such person
<br />is satisfactory So Latdu and tlut the interest payabk on the sums secured by this Mortgage shall be at such rate as Lender
<br />shag request- If Lender has t:•aived the option to accelerate provided in ibis paragraph 17, and if Borrower's suc_essor in
<br />inteaest has executed a written atnumptic~ agrtcment accepted in writing by Lender, Lender shall releax Borrower from all
<br />oFr)igatioos under ibis Mortgage std ttse Hatt.
<br />If Leader exercixs such option to accekrate, Isotier shat) mai3 Borrower notice of accekration in accordance with
<br />paragraph l~ hereoL Such ttotice shall provide a period of not less than 30 days from the date the notice ]s mailed within
<br />which Borrower may pay the sums declared due. If Hoerower fails to pay such sums prior [o the expiration of such period,
<br />I,eoder troy, wit}rcwt furthu notice ar dtmatd on Borrower, invoke any remedies permitted by paragraph 1 S hereof.
<br />Nett-UrrFaatta Ctlvgw,u+rs. Borrower std Ixtdtr further covetrant and agree as follows:
<br />It Attriaslirm Rsansits~ Eacepl as proviiei in paragraph 17 hereof, apes Borrower's bread of say eovennut ar
<br />a)@aNenR of Basrawer if this Marlttage, iarhrding fie covenants to pay whew due say sums sectnred by tits Mortgage.
<br />imittrar !list N nttirtitnMisn riaB nsm7 nslks to Borrower as provided is paragraph 11 hereof specifying: (1) the breach;
<br />(2) tie aWan topfni M cute sect hrearY; t3) a date, not kac than 30 days from the date rh[ notice is reaikd to Borrower,
<br />iY wikY acct lragcY tsmq hs trex ant 14) that fntihnre b rare such breach on or before tit date specified in the notice
<br />~ nsnY is accaMnYan of tie argue sttarai by this Mortgage, torccbcare by jtrdicittl proretding and sak of the ProptAy.
<br />71n inliee sW Itsnier itttfNatsn larrower of tM ritYt to rtasfNe after accelerrtion sad the right to assert in the foreclostue
<br />p4realiitg lie. wesitdwee of a defnM or any otter defense of Borrower fo accekratioa and foreclosure. B the breach
<br />L rat crttsi oa or iefaee t4 dsle specified in the notice, Lender at Lender's aptioa may declare all of the sums secured by
<br />tits Mattfwe W he Y dm and pnyabk without farther demand and may foreclose by judicial proceeding. Lender
<br />riaY 4 ettttytled a collect i• wcY pracett4ag all eapema of feterlasurt, ituludiag, bat sot limited to, costs of dacumtWary
<br />sviiwce. a`Ieaets stM title repoefa.
<br />1!L IMtratrN'~ Ritbl to ReisttMate. Notwithstanding Lender's acceleration of the sums secured by this Mnr2gage.
<br />Borrower shall have the right to have any proceedings begun 6y Lendtr [o enforce this Mortgage discontinued at any time
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