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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner pYOVided 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 Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to BotTOwer 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 t}re highest rate
<br />permisaibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />g. ltaapeedoa. Lender may make or cause to be made reasonable entries upon and inspections of [he Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9, Cotatkmratlon. 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 ro the sums secured by this Mortgage.
<br />with the excess, if any paid to Borrower. in the even[ of a partial takintt of the Property, unless Honower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage ch proportion of the proceeds
<br />a9 is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears [o the fair maker value 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 Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to 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 Mon¢age.
<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 1 and Z hereof or change the amount of
<br />such installments.
<br />16. Borrower Not Rekssed Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in ' iterest. Lender shalt not be required :o commence
<br />proceedings agaimt such ,:,ccessor ar refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the anginal Borrower and Borrower's successors in interest.
<br />Il. Fotheararae by Lender Not a Waiver, Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />Mherwise afforded by applicable law. shall not be a waiver of ar 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 !o ac~ eierate the maturity of the indebtedness secured by this 'Mortgage.
<br />12. :medics Ctmtslrtire. All remedies provided in this AforYgage are distinct and cumulative to any other rich[ or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently, independently or successively.
<br />13. SrcaesBOrs sod Assigns Boerd; loin and Scrotal l.iaht7iy; CaPdoos. The covenants and agreements herein
<br />contaiced shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provision of pazagraph 17 hereof. All covenants ai+d agreements of Borrower shall be joint and several.
<br />The captions and headings of [he paragraphs of this Mortgage are for convenience only and are oat to be used to
<br />interpret ar define the provisions hereof.
<br />11. Nofke. Except for any notice required under applicable law to be given in another manner (s) any notice to
<br />Harrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower 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 shall be given by certified mail. return receipt requested. to Lenders address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have bcen given to Borrower or Lender when given in the manner designated herein.
<br />13. Utaitorm Mortgage: Goverviag Law; SeverabHRy. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covc-+anu with 3imited variations 6y jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of thr, jurisdiction in which the Property is located. In the
<br />event 2bat any provision or cause of this Mortgage or the Note conflicts with applicable taw, such conflict shall not affect
<br />othu provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provision of the Mortgage and the Nate are dectazed to be severable.
<br />if. Baremrer's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution ar after recordation hersof.
<br />i7. Truster ~ tie AnPeAy; Amrmptior. If ail ar any part of the Property ar an interest therein is sold or sransferred
<br />by Borrower without Lender's prior written consent, excluding {a) the creation of a lien or encumbrance subordinate to
<br />ibis Mortgage, (b) the creation of a purehase money security interest for household appliances, (c) a tranfer by devise.
<br />descent or by operation of law upon the death of a joint tenant ar id) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lendei s option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shalt have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and tie person to whom the Property is to be sold ar transfemd reach agreement in writing that the credit of such person
<br />is satisftstory to Let>~s and that the interest payable an the sums secured by this Mortgage shall be at such rate as Lender
<br />chap request, ff Ltoder has waived the option io acceieraxe provided in this paragraph 17, and if Borrowers successor in
<br />interest has exxu3ed a written asstunption agreement accepted in writing by Lender, Lender shall release Bonowe: from all
<br />obiigatiors order this Mortgage attd the Note.
<br />Tf Leader exercises such option to accekraze, Lender shall mad Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from tht date the notice is rttat7ed within
<br />which $ormwer msy pay il!e sums declazed doe. If Botrawer fails to pay such sums priar to the expiation of such pentad,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph I g hereof.
<br />Nt~t-Ui.tFOrta Covexsxrs. Borrower and Lender further covenant and agree as follows:
<br />li. Aeeeientlaay >tttrcika. Eacept m proviid i• pen~rapi 17 hereof, rptr Borrower's bread of any covewt or
<br />ttgstramarR d lerrswer 4 tits ?Nsrlsrgq achtdetg tie covestwls to pry woes dre ur soma scented by file Mortgage,
<br />I.cadae pair N atteduatlast aiaY trail ttodte to Borrower as provided it paragraph 14 hereof specifying: (i) tie bread;
<br />{2) tie attlsa raid b ore atsci breach; (3y a dale, trot lea thaw ]d days from tie Hatt tic rdkc is called to Borrower,
<br />i!' wild arcs boatels mtsat ie craad; art (4) Wt fsYrre /e erne such breach or a before the dale specified ie the ttolice
<br />sasry raasdl k accelerrlka of tie arms trocrtd by this Motigatte, foreclowre by jrdkiW procesdngg std sale of tie Property.
<br />Tin ratke aid [rMer iatleta Borrower of tie right to teiastate after acceleration attd tbs right to assert in the fonclosrre
<br />prrcadY[B tie aar~erre d a defarM or any outer de[etre of Borrower to accekrrttion sad foreclaarre. It the breach
<br />k art etsM er ar 6dore tie dme specifd i• tie notice, Lender al Leader's option toay declare all of the arms cleared by
<br />tiY Mot[spBe b be immadMely dre and payaik witioat frrfher demand sad tnaY foreclose by jaatkial proceeding. Leader
<br />ail 1r erNllad N teBect it stet: pror=aiitt{ aY a:peaces of forecbsnrc, ioclttdhrg, lw/ rot limited to, coals of docataeatary
<br />erhlarce, aiirack art rifle reports.
<br />U. lrrsewer4 Akit b AehWak. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by 1_ender to enforce this Mortgage discontinued at any time
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