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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 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 Borrower and Lender agree [o other terms of payment, such
<br />amounts shall be sayable 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 />B. htapection. Lender may make or cause [o be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor relazed to Lender's
<br />interest in the Property.
<br />9. Condemnatlon. 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, fire proceeds shall be applied to the sums secured by [his Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of s partial taking of the Property, untes_s Borrower and Ixnder
<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 to that proportion which the amour.[ of the sums secured by this Mortgage is tediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to [he date itf 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 [o 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 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 instalments referred to in paragraphs 1 and 2 hereof or chance the amount of
<br />such installments.
<br />16. 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 any successor in interest of Borrower shall not operate to release. in any manner.
<br />the liability of the original Borrower and Bor mer's successors in interest. Lender shall not he required to commence
<br />pr.~ceedings against such successor or refuse to extend time for payment or otherwise mndif7 amortization of the s[:ms
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearauce by Leader Not a Waivers Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of anv such right or remedy.
<br />The procurement of insurance or [he payment of taxes or other liens or charges by Lender shat] not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mort¢age.
<br />12. Rersedks CatauhHive. Ali remedies provided ir. this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr equity, and may he exercised coneurrentk, independentty nr successively.
<br />13. Sttcceasors tud Aseiens Found; Joint and Several LiabOih•; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to [he provisions of paragraph 17 hereof. All covenants and agreements of Borrower shad be join[ and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof. '
<br />14. NoNee. Except for any notice required under applicable law to be given in another manner, (a) anr,' notice to
<br />Borrower 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 />tb) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's 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 dtxnaed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; SeverabBih•. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by iurisdiction to cons2imre a uniform secunty instrument covering
<br />real property. ~:1»s Mortgage shall be governed by the law of the jurisdiction in which [he Property is located. In the
<br />event [bar any provision or clause of this Mortgage or the Note conP.icts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Iv Me which can be given affect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared 20 be severable.
<br />If. Borrowers Copy. Borrower shalt be fprnisitzd a conformed copy of the Nate aad of this Mortgage ar the time
<br />of execution or after rernrdation hereof.
<br />IT. Totter d the f'roperfy; lmaerpriou. If al! or any part of the Property ar an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, zxcluding tat the creation of a iitn or encumbrance subordinate to
<br />this Mortgage, (b) the crn[ion of a purchase money security interest for household appliances, (c) a transfer by devise.
<br />descent or by operation of taw upon the death of a ioipt tenant or id) the grant of any leasehold interest of three years or less
<br />not containing art option t0 purchase, Leer may, at Lender's option, declare alt the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to [he sale or transfer, Lender
<br />and the persop to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender anti that the interest payablz on the sums secured by this Mortgage shall be at such rate as Lender
<br />shag request. If Lender has waived the option to att~elerate provided in this paragraph t7, and if Borrower's successor in
<br />itutresi has exxuted a wririen assumption agreement accepted in writing by Lender, Lender shall release Borrower from alt
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shag mail Borrower notice of acceleration in accordance with
<br />paragraph i4 hereof. ;itch notice shall provide a period of net less than 30 days from the date the notice is mailed within
<br />which Harrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />I.eoder may, without further notice of demand on Borrower, iavoke an}' remedies permitted by paragraph ? 8 hereof.
<br />Noe[-Uenroax Covex~etrs. Borrower and Lender further covenant and agree as follows:
<br />lg. Accderalinu; ReaetBee. $cept as provided is paragraph lT hereof, apps Borrowu'a breach of any covcsaat or
<br />sgtaeureut d Borrowtxr ihir Mortgage, iucludiag the covenants to pay whew due any sums sceured by this Mortgage,
<br />Lauiv prior b ataderatigw shut crag notice to Borrower ac provided iu paragraph 14 hereof specifying: f 1) the breach;
<br />(2) the arfba retpini b curs [arch breach; (3) a date, tat lera than 30 days from the date the notice is [[tailed to Borrower,
<br />by whh3 aucA Yrouch tuaW he rated; and (4) That failare to cure such breach a[r or before the dais specified iu the notice
<br />uup teal/ i• acederatbu d the tutus securod by this Morgage, foreclosure by judicial proceeding aad sale of the Property.
<br />'rie riotise shay farther hrfar~ Harrower d the riglet to reias[Me offer accekrMioa aad the right to assert in the forecbsurc
<br />proeardirtg the nou-eaYlance d a defwh or any other defeaes of Borrower to acceeratioa and forxlosuro. if the breach
<br />ds not-curer) a or idate the daft specified iu the notice, Leader at Leaders option may deebre all of the sums secured by
<br />Ihlr Mortgage b fie inarNWely due anti payahie without further dearaod and may forerlose by judicial proceeding. Ixader
<br />ehaY he tuWlsd b coBrct iu such proceediug atl sxpetwes of foreclosure, iucindhtg, but not limited [o, casts of docunteatary
<br />evitleucq ahgrnck anti Lille reports.
<br />1~. lerrowda )tight to ReirWata Notwithsia:,ding Lender's acceleration of the sums suurad by this Mortgage,
<br />Borrower shall have [he right to have any proceedings begun by ).ender to eotorce this Mortgage discontinued at any time
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