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<br />Leoder's written agreement or applicable taw. Borrower shall pay the amotm[ 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 additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borower 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 expense or take
<br />any action hereunder.
<br />8. Impectloa. Lender may make or cause to he made reasonable entries upon and inspections of [he Property, provided
<br />that Lender shall give Bottower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9, Coedtmnalbn. The proceeds of ary award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other takiog of the Property, ur part thereof, or for conveyance in lieu of .condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />Tn the event of a total takiog of the Property, the proceeds shall be applied to the sums secured by thts 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 Moagage 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 valae of the Property immediately prior to the date of taking, with the halance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, ar if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Burrower fails to respond to Lender within 3Q days after the date such notice is
<br />mailed, Lender is authorized [o Collect and apply the proceeds, at Lender's option. either to restoration or repair of the
<br />Property or to the sums secutzd by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />1@. Borrower Nat Released. Extension of the time far payment or mofification of amortization of the sums secured
<br />by this Morgage granted by Lender to any successor in imerest of Burrower shall not operate to release, in any manner,
<br />the liability of the original Bottowtr and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings agaittst such successor or refuse to extend time fur payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of arrv demand made by the original Borrower and Borrowers sttccessars in interest.
<br />17. Forbearance b)' Leader Not a Wairer_ Am forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of rases or other tiers ur charges by Lender chap not be a waiver of Lender's
<br />right in accelerate the maturity of the indebtedtess secured by this Mortgage.
<br />12. Reetetties Cttaadati-e. All remedies provided in this Mortgage are distinct and cumulative to any other right ur
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently. independently or successively.
<br />13. Saceessoes and Assigns Bonod: Joint and Several I.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 Aorrower,
<br />subject to the provisions of paragraph 37 hereof. .Ali covenants and agreements n€ Borrower shall be joint and severe{.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience ooh' and arc not to be used ro
<br />interpret or define the provisions hereof.
<br />10. Notice. Exxpt fur anv notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided fur in this Mortgage shall be given 6y mailing such notice by certified mat[ addressed to Borrower at
<br />the Property Address ur at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified matt, rewm receipt requested. to Lenders address stared herein ur to
<br />such other address as Linder may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be dcerrted to have been given to Borrower or Lender when given in the manner designated herein.
<br />1S. Uaiforra MoetRage: GorerniaX law; Severabfltty. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants eith limited variations by iurisdictiun to constitute a uniform securely instrvment covering
<br />real property. This Mortgage wall be governed by ilia law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts whh applicable law, such conflict shall not affect
<br />other provisions of thss Mortgage or the More which can be given effect without the conflicting provision, and to this
<br />end the provisions of tbe Mortgage and the Nnte are declared to be severable.
<br />If. Borrowers Copy. Burrower shelf be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hertaf.
<br />17. Tractor of the Property; Asuraption. If all m any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior wriucn cement, excluding {a) the creation of a lien ur encumbrance sulxrrdinaie to
<br />this Mortgage, (b) tbe creation of a punhase money security interest for household appliances, {~) a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant or {dl the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immedia[ei}' due attd payable. Lender shah have waived such option to accelerate if, prior to the sale ar transfer, Lender
<br />and the person to whom the Property is to be sold ar transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that tfre interest payable an the sums secured by this '*fortgage shall be at such rate as Lender
<br />shall request if Lender has waivW the np[tan to accelerate provided in this paragraph 17. and if Borrower's successor in
<br />intueet has exexutexl a written atsttmption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Leoder shall mail Borrower notice of acceleration in axurdance with
<br />paragraph 14 hereof. Sw.h notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Bottnwer fails to pay such sums prior to the expirntion of such period,
<br />Lender may, without further notice or demartd on Borrower, invoke any remedies permitted by paragraph I $ hereof.
<br />potu_111itFOaM CovEN.tNts. Borrower and Lender further covenant and agree as follows:
<br />If, Aceeheaaliar, Reredia. Icscept as provided ire paragraph 17 hereof, upon Borrower's brear:h of any coveoaol or
<br />agteemeM o[ Borrower L Chi Mortgage, iacludiag the corerwMs to pay when due aoy sums secured by this Mortgage,
<br />teeter ptiar b accekrtttiaa aYaB ratW notiice to Borrower as prorided in paragraph lA hereof specifying: ll) the breach;
<br />(Ij the actka regarid to care wrcY breach; (3) a date, not less than JU days from the date the rnWice is mailed to Borrower,
<br />by rrhleh wreh breach taunt he cured; and (4) tYat failure to cure such breach o0 or before the dale specified in the rwlke
<br />aaq reaalt YI acecleralioa of the wtus secured by tYis Mortgrge, foreclosure by judicial proceeding aad sale of the Property.
<br />Ile ttallce rhall farther iaforr Borrower of [Ire right to reiostale after acceleration and the right to assert is the foreclosure
<br />preceding tYe eaattieteace of a defaWt or any oihtr defense of Borrower [o acceleration and foreclosure. If the breach
<br />i wet card w or before the date speci6d i.+ the ootice, Leoder at Lender's option may declare alt of the sums secured by
<br />Chi Margate to be it~mediMely dre aed payable without (urlher demand and may foreclose by judicial proceednog. Ixnder
<br />s-aY be retitled to collect L such proceednag aY ertpeases of forecosure, including, but not limUed to, costs of documentary
<br />erideace, aistracq and title rtpoAs.
<br />I~. Baaower'a Right to ReiaAate. Notwithstanding Lender's acceleration +>f the rums secured by this Mortgage,
<br />Borrower shall have flee right to have any proceedings Fcgun by Lender u, enforce this Mortgage disumirnucd ai aay time
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