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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 additianal
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to ether terms of payment, such
<br />amounts shall fie payable upon notice from Lender to Borrower requesting payment thereof, and shaft 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 even[ 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. httspecdon. Lender may make or cause to fie made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to ary such inspection specifying reasonable cause therefor related to Tender's
<br />interest in [he Property.
<br />9. CetndemnaNon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnstion or other taking of [he Property, or part thereof, or far conveyance in lieu of condemnatian, are hereby assigned
<br />and shall lx paid to Lender.
<br />In the event of a fatal taking of the Property, the proceeds shall be applied to the sums secured by this 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 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 bears to [he fair market 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 Borrawer that [he condemner offers to make
<br />an award or settle a claim for damages, Burrower fails to respond ,o 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 fir, 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 t and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the cams secured
<br />by this Mortgage granted by Lender to ary successor in interest of Borrawer shall net operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he 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 any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. .4ny forbearance b}' 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 atrv such right or remedy.
<br />1Tte procurement of insurance or the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right [o accelerate the maturity of the indebtedness secured by this Jortgage.
<br />12. Remeeties Camrlafiva All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity, and may he exercised concurrently, independently or successively.
<br />13. Sucae~oes amt Asei6rts Bound; Joiuf and Several f.iability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and 8arrower.
<br />subject to the provisions of paragraph 17 hereof. Alt covenants and agreements of Borrower shall be joint and several.
<br />'the captions and headings of the paragraphs of this Mortgage are for canvenience only and are not ro he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower pmvided for in this Mortgage shall be given by mailin¢ 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 Lender's address stated herein ar to
<br />such other address as Lender may designate by notice to Borrower as provided herein. .4ny notice pmvided for in this
<br />Mortgage shall be deemed to have been given to Burrower or fender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governieg Law; Severa6slity. This form of martgage combines uniform cavenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction !a constitute a unifarrtl secunt}' instrument covering
<br />real property. This Mortgage shalt be governed by the law of the ;urisdiction in which the Praperty is located. in the
<br />even[ that any provision or clause of this Martgage or the Note conflicts vrith applicable law, such conflict shall not affect
<br />other provisions of this Martgage or the Note which can be given effect without the conflicting pro.isian, and to this
<br />end the previsions of the Mortgage and the Nate are declared to be severable.
<br />lf. Borrower's Cttpy. Borrower shall be furnished a conformed copy of the Nate and of this Mortgage a[ the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the may= Assumption. If all or any part of the Property or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written consent, excluding fa) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. (b) the creation of a purchase maney security interest far household appliances, (c) a transfer by devise,
<br />descent or by operaCion of law upon the death of a joint tenant or (d) [he grant of any leasehold interest of three years or less
<br />nai rnmaining an option to purchase, Lender may, at Lender's aption, declare all the stuns secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such optian to accelerate if, prior to the sale or 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 the interest payable on the sums secured by this Mortgage shalt be at such rate as Lender
<br />shall rexlttext. if Lender has waived the option to accelerate provided in this paragraph l7, and if Borrower's successor in
<br />interest has exttcuted a written assumption agreement accepted in writing by Lender, Lender shalt release Bortower trom all
<br />obligations under this Mortgage and the Nate.
<br />if Lender exercises such option [o accekrate, Lender shall mail Borrawer notice of acceleration in accordance with
<br />paragraph 1S hereof. Such nauce shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay tht sums declared due. If Borrower faits to pay such sums prior to the expiration of such ported,
<br />Lender may, without further notice ar demand an Borrower, invoke any remedies permitted by paragraph 1 g hereof.
<br />Noa7-UxtFORt~t Cavetvwtars. Borrower and Lender further covenant and agree as follows:
<br />lg. Accddat3oa; Rtmedks. $cepl as provided is paragraph 17 hereof, upon Borrower's breach of aoy coveoaol or
<br />agrtxaeW elf Betrrowex i• this Metrtgagy insladiag the covenants to pay when due any sums secured by this Mortgage,
<br />Lender pttiw N accedentioa s1hW atail notice to Borrower as provided io puagraph l4 hereof specifying: il) the breach;
<br />(3) the acdoa rgahed to cite stech breach; f3I a date, not less than 30 days front the dale the notice is mailed to Borrower.
<br />y nthkh wch breach tweet rte sweek and (4) thu failure to can xuch breach o0 or before the date specified in the nwlice
<br />tntq resaM io acexlsratioa of the Gums secured by this Mortgage, forecbsure by judkial proa~edittg and sale of the Property.
<br />711e aaHct aYaY frther Ltorm Banower of the right to reiaslale after accekratioo and the ,fight to assert is the forecbstue
<br />proeedieg the nun-exisleurt of a defauh or nay other defence of Eorrower to acceleration and foreclosure. If the breach
<br />i aetl cared oa err before the dale specified in the notice, Lcoder at Lender's option rttav declare all of the sums secured by
<br />Htls Mortgage to kin itw[nediately due and payable without funkier demand and may foreclose by judicial proceeding. Lender
<br />siaN ht entltled to coyest is suc- proceeding alt exptnses o[ foreclosure, including, but not Bmifed to, costs of documentary
<br />evidence, ahAracls and title repetrte.
<br />19, Bmrowa's Right to ReirwtNe. Notwafhstanding Lender's aeeelerauon of the sums secured by this Martgage.
<br />Borrower shag have the right to have any ptoceeditrgs begun by Lender to cr.force this Martgage discontinued st any time
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