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<br />Lender's written agreement or applicable law. Borr[nver shall pay the amount of alt mortgage insurance premiums in the
<br />manner pzovidCd 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 lx payable upon notice from Lender to Borrower reyues;ing payment thereof, and shall 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 at such rate would tm contrary to applicable-law. in which event such -amounts shall hear 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 />S. dnspecfion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat! give Borrower notice prior to any such inspection specifying rc,~sonahle cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct nr consequential, in connection-with any
<br />condemnation or other taking of tfie Property, or part thereof, or for conveyance in lieu of condemnation; are hereby assigned
<br />and shall be paid to i_endcr.
<br />In the event of a rata! taking of the Property, the proceeds shall be applieJ to the ants secured by this Mortgage.
<br />with the excess. if any. paid to Borrower in the event of a partial taking of the Property, unless Rorro:er and Lender
<br />otherwise agree in writing, there shall he applied [o tfie sums secured by this Mortgage such proportion of [he proceeds
<br />as is Cqual to Iha[ proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market valuC 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 Rorrower 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 B4arteage.
<br />Unless 1_ender and Borrower otherwise agree in writing, any such application of nrexeeds 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 />!B. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by I_endcr to an}' successor in intcrest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Aorrower's successors in interest. Lender shall not be required to commence
<br />prorcedings against such successor or refuse to extend time for payment or o[henvise modify amortization of the sums
<br />secured 6y this Mortgage by reason of any demand 'made by the original Rnrrrnver and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. 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 taxes nr other liens or charges by i.ender shall not he a waiver of Lender's
<br />right to acslerate the maturity of the indebtedness secured by this ~Atrteage~
<br />12. Remedies Cumulative. All remedies provided in this kf ortgagc arc distinct and cumulative to :u?y other right or
<br />remeJ}• under this Mortgage or afforded by law or equin•. and may be escrciscJ enncurrently. independently or successively.
<br />13. Successors and .Assigns Bound: Joint and Several T,iabilit}'; ('options. "the covenants and agreements herein
<br />contained shalt hind, and the rights hereunder shall inure to. the respective succes<nrc an - ~ of i.cnder and Bnrrou•er.
<br />subject to the provisions of paragraph I', hereof. All covenants and agreenten!s n' rcnwers .the joint and several.
<br />'T'he captions anJ headings of the paragraphs of this Mortgage arc for _anvc ndb only. ,and:.tl5~pot tO he used ro
<br />interpret or Jenne the provisions hereof. ~~' ,+ --:
<br />ta. Notice. Except for any neticc required ;mdcr applicahlc law io he en m ~muhcr manner ;'{al any notice to
<br />Rorrower port tded for in this Mortgage shall he given by mailing wch name y 4arufiEd'`m1tl .:t[Idtc~e7~tO Rorrower at
<br />the Pn?pCrty -ytldreu nr at sack other address as Bornn+rr may JasiErtatc {+ !iE+tt e-ki~,rCg'~~i' as ,prosed herein, and
<br />(iii :mx• notice ;o Lcncier shall 6e gtven by ccrnPecl mail return revs pt revues rn t ._Ti er < address st ed hereto nr ±o
<br />such other address as I_ende, may destenatc by .uitice to Borrower °h provide' xreurs,riny ma{ice-provide) (or in this
<br />."=oar:_^.abe shall ha deemed to h.,vc hero g?yen to t`sorrnwcr --r i sndrr -ncn hiven thC-`ma1](tet ci~>i _3Il ne.r_in.
<br />15. Uni[orm 1lorigage; Govcrnieeg Law; Severabilitr TTu f •~m t mo~!gaec~I3iBfs_unrrclrm;co an rn is for nation;d
<br />use and nor:-undnrnt covenants with litni!ed variations by 7uruchcunn to constitute a tits#or~. xrrtirit} utc4 t.nmm covenng
<br />real property. This Mortgage shall be govented h}• the law of the jurisdiction is which !hc Property is lo;_~ted. In the
<br />event !hat any provision nr clause of Ibis MortgaEC or the Hole mnfiicte with applicable law, wch conflict shall not affect
<br />other provisions of [his Mortgage oz the Note which can be given e(Tec! svi!hout the antllia!ing provision, and to this
<br />end the provisions of the Mortgage and the Vote arc Jcclnred to he sever.?hle.
<br />16. Borrower's Cop}•. Borrower shall he furnished a conformed eopy of the Nntc nd of !his Alortgage at the tin?C
<br />of execution nr titter recordation hereof.
<br />17. Transfer uF the Property; Assumption. If all or any p:vt of the Property ur an intcrest therein is sold or transferred
<br />by Finrrower withouC Lender's prior wriuen consent, excluding tai the creation of :. lien ar encinnhruxe subordinate to
<br />this Mortgage, fb) the creation of a purchase money securip• intcrcst Inc household appliance,, !eta u~ans ter by devise,
<br />descem nr hp operation o[ law upon the death of a ioim tenant or
<br />' -- - Lender may-, tit Lender's option, dec•la re ail 4tc sums secumri by !i?is ~inrtgage to be
<br />inuneJiatcly due and pay:d?Ie. lender shall have wmveJ such option to ocrclcr.ue il, prior !o the ,ale or trau+fn r, bender
<br />anJ the person !o whom the Pmpen} is to be. sold or trmxferrcd reach apreenx•oi m sorting !hot the credo ~•1 end? person
<br />is satisfactory to I.CnJer and that the interest payable nn the sums secured h} !iu, ~1ongagc ,hall iu a! su<i! r.?tc a, 1 ender
<br />shall request. If Lender has waived the option to accelero!e provided in !hu paiagra ph 1?. ;!nJ d gorrowci'. successor in
<br />interest has executed n writen assumption agreement accepted in ?vrih ng by 1 ruder, Ismkr shnli ~clcave Bornwver from all
<br />obligations under this Mortgage anti the Nnte.
<br />If Lender exereises such option to acceierarc, LenJCr shall m:?ii Iron ow er nouec ~*i ecccleraoon u? accordance w!th
<br />paragr.tnh ! d h=_rcof- Such nOtiCr ,h.tll pna'idC a pet roll ?f tn! Ica? !~- - - ? -.~ _ ,? the _ , - i -....u m;aicd w i:hr t
<br />which f3orrnwer may pay the soots declare) dec. If Ron~oaer Inilc 'u Pd} a. ,~~=ua?s i.~!~t; !n the ~+!>!ra ran ni ,uch perioJ,
<br />Lender may, without furti?er notice or demand on Horms+er. invnAc :;n} irn!cdic, pcnn~ne,l ~:, ;+,,r.!g!apit Is h~-reoF.
<br />NON-UNtt~Oxbr Covervnrv rs. Rorrower and LenJer further cneeuam and ogler a, !•~i6++xs
<br />itl. Acceleration; Remedies. Except as provided in paragraph l7 hcrcol, upon Borro.,ar's breach of an} auvenmtt or
<br />agreement of Borrower in This Morigsge, including the covenants lu pay ..hen due :m+ ,taus cccured by this Atorlguge,
<br />fender prior to acceleration shay mail nuiicc to Borrower a> pn?+ided iu paragraph id 6ercui specifying: 111 the breach;
<br />(2) the action required to cure such breach; (3) n date, not Ie~. +han 30 da}s from the dote tt?e notice is mailed [n llnrron'eq
<br />by which such breach must be cured; and (S) Ihat Failure to cure such 6reur6 nn or before the date specified in the notice
<br />may result in acceleration of the soon secured by this Uorlgage, foreclosure 6v judicial proceeding anJ sate of the Property.
<br />'the ttolice shall further inform lorrower of the right Io reinstate after ;tecelrra[ion and the right to asset[ in the toreciuwrc
<br />proceeding the non-ezistcnce of n default ur am utber defense of Borrower to acn•ieratim? :rod foreclosure. If the breach
<br />is not cured on or before [he date specified in the notice, Lender :+t Lender's option ntay declare all of the sums secured Dy
<br />tins Mortgage to he immediately due and payable wiihuul further Aground and nmy foreclose by judicial proceeding. Lender
<br />shelf 6e entitled to collect in such proceeding all expenses of fnredosurc, inrlading, but nut limited tu, costs of ducunu•n[ary
<br />cvidenve, atu;iracis and title reports.
<br />ly. Borrower's Right [o Reinstate. Noew iti?stcu?Jn?g I-cnu'c:'s .~ .c~ciamx: a; the ~.-,rtes ,ecureJ b; !hn J1o~tgage.
<br />uorrawer shelf ituvC the right to have any proeeodingn i,cguu b} I ender !,~ cn~u.c uus S1ni!g.~ge ,iruon!nuraJ .u .~ } umc
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