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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums fir. 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 Barrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Rarmwer requesting payment thereof. and shat! hear 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 a[ 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 i_ender to incur any expense nr take
<br />any action hereunder.
<br />8. impection. 1_ender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior ro any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coodemnatbn. 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 he paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall he 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 he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to [hat proportion which the amount of the sums secured by this Mortgage immediately prier is the date of
<br />taking bears to the 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 Froperty 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 ro 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 />L'niess Lender and Borrower otherwise agree in writing. an}' such application of proceeds to principal ;hall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and_ hereof or change the amount of
<br />such installments.
<br />10. Borrower Vot Released. Extension of the time far payment or madificsiion of amortization of the sums secured
<br />by this Martgage granted fi~ 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 interest. Lender shall not he required to commence
<br />proceedings against such successor ai refuse to extend time for payment or otherwise modify a[uertizatian of the sums
<br />secured by this Mortgage by reason of any demand made b}' the original Borrower and Borrowers successors in interest.
<br />11. Forbearance by Lender \ot a t'Paiver. Any forbearance by Lender in exercising env right or remedy hereunder, ar
<br />athetwise afforded by applicable law, shall rot he a waiver of or preclude the exercise of am such right ar remedy.
<br />The procurement of insurance ar the payment of taxes or other liens or charges by Lender :hall oat he :~ waiver of Tender's
<br />right to accelerate the maturity of the indebtedness secured by this Slortgage-
<br />12. Remedies Cumulative. All remedies provided in [his 'Martgage are distinct and emulative to any other rich[ ar
<br />remedy [order this Mortgage or afforded by law or eauip~. and mac he exercised cancurrend}~. independently ar successivelp.
<br />13. Successors and Assigns Bound; Joint and 5ev-oral Liability; Captions. The cas~enants and agreements herein
<br />contained shag bind, and the rights hereunder shall inure to, the respective successors and assigns of Lendee and Borrower,
<br />subject to the provisions of paragraph 17 hereof. .Ali wvenants and agreements of Barrower ;hall 6e snort and several.
<br />The captions and headings of the paragraphs of this Martgage are for com•enience onip and arc not u, he used to
<br />interpret or define the provisions hereof.
<br />10. Notice. Except for an}• notice required under applicable law w he eiven fir, another manner. (al env notice to
<br />Borrower provided for in this Martgage shall he eiven by mailing such notice by certifed malt addressed m Barrower at
<br />the Property Address or at such aiher address as Borrower may designate by notice to Lender as provided herein. and
<br />th) any notice to Lender ;hall be given by certified mash return receipt requested, to Lender's zddress stated herein er to
<br />such aiher address as Lender may designate h} nonce to Borrower as pro+-ided hereto. Any notice provided for in this
<br />Mortgage shall 6e deemed to have been green to Borrower or lender when eiven in the manner de~~enated herein.
<br />]S. Uniform Mortgtge; Governing [.aw; Severab0ih•. This Corm of mortgage combines amfarm c;nYnants for national
<br />use and non-uniform covenants wuh limited variations in' jurind:ctian io constitute a uniform ,ecuntc instrument covering
<br />real properly. This Mortgage shall ire governed by the law of the juriuiictien in which ?he Property i; located. In the
<br />event ?hat any pravlsian ar clatrse of this Martgage or the .'vote cen{lics •s~ith aapiicabie law'. such cenfiiet shall not affect
<br />oiber previsions of this Mortgage or the Note +vh:ch can 6e given effec? uithata the eontlict:ng pm%icion. and to this
<br />end the provisions of the lfartgage and the Vaie are dzclared to be severable.
<br />16, Borrowers Copp. Borrower shall be furnished a conformed ,apy ,,( ?he tiate -sod of this 19angag@,,at time
<br />of esecitiion or after r~:ordation hereof. ~•,-, ,..n
<br />17, Trarrsfer of the Property; Assumption. if all er env Hart o i the Pmpern~ ar :in :nterest thc:,rein ~is sYdf3~.t*r,;;redirsforred
<br />by Borrower without Lender's prior wrinen cnnsrnt. excluding sat the crea[ian of ;; lien or evcumbtanee'euba niinate to
<br />this Mortgage, (b} the creation of a purchase menep :ecurii} mtercst for household spp7iances, te} a' transfer by devise.
<br />descent nr by operation of law upon [he death of a oua tenant nr '- - _
<br />Lender may, at Lender; ,rptron. declare all the sums searced by ;his !mortgage to be
<br />immediately due and payable. Lender shalt have waived such option io accelerate if, prier to the .ule :=r transfer. Lender
<br />and the person io wham _*he Properq~ is to be sold er transferred reach agreement ~n •.+r-.tmg ;hat the credit of such person
<br />is satisfactor}• is Lander and that the imeres[ payable on [he sums secured by this \tongage .hall be at such rate as Lender
<br />sha13 request. If Tender has waived rite option, to accelerate provided in this paragraph 1 .. and .f Borrower's successor in
<br />interest has executed a written assumption agreemem .yccepted in +.riGng hp• Lender. Lender ~}±:rll release Borrower 'rom all
<br />obligations under [his Mortgage and the Note.
<br />If Lender exercises such option to accelerate. Le,~dcr shall mail Borrower naiee oP ac. elerat urn ~i, accordance with
<br />paragraph 13 hereof. Witch notice, shall provide a period of rn.t less than zti cla}-s from the date the noises is malted within
<br />wltieh Barrower may paq the sttttts declared due. If Bnrrnver iaik :rt pa such :ums prt,.r t .he ~+piratrrn ,., .uch period.
<br />Lender may, :vithaut farther rotiec or demand rn Borrnuer, invoke an} rtntcdies nartnrtted h+ paragraph ~ S ~hereot.
<br />Nora-1JN3FllaM CnVENAVTS. Borrower :end Lender further co'=errant and agree :n t~311ou->:
<br />18. Accekrtrtion; Remedies. Except as provided is paragraph 17 hereof, upon Borruwer4 breach of any covenant or
<br />a8rr;eoreat of Borrower fn this !1lorttttrge, irrcfudiag the covenants to pay when due any sums secured by this Mortgage,
<br />Leader prior to atteleraliare shaft mail notice !o Borrower as provided in paragraph la hereof specif}'iug: {I) the breach;
<br />(2)lite active required to cum such beach; t3> a date, nut lees than 30 days froru the date the notice is mailed to Borrower.
<br />by which such breach must he cured; and (1! that failure to cure swh breach ow or before tfte date specified in the notice
<br />may result in acceksatliou of the morns secured by this 1ortgage, foreclosure by judicial proceeding and sale of the Property.
<br />The oWicesfraH further inform Borrower of the night to reinstate after acceleration and the :fight fo assert in the foreclosure
<br />procetedirtB the rttw-etcislence of a default nr any utlrer defense of Borrower to acceleration and foreclosure. if the breach
<br />is nut cured on or before the date specified in the notice, Lender at Lender's optbn ma} declare all of the runts secured Iry
<br />this Mortgage to 6e immediately due amt payable without further demand and ma} foreclose by judicial proceeding. i.ender
<br />shall be eaHiMkd to collect in such proreeditrg aN expenses of foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstrwis and Glk repoAs.
<br />19. Borrower's Right to Reinstate. Neaw$hstanding Censer's a ~_clerauon of the .rim, ,c: ured h} ihi. M14ortgage,
<br />Borrower shalt have the right to have any pracxedings begun hp Lcr:des to cr=farce ibis Nis, gage .!is; ununued at nor wore
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