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<br />Lender's written agreement or applicable yaw. Borrower shag pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph Z hereof.
<br />Anv amounts disbursed by Lender pursuant to this paragraph ?. with imerest. thereon, shag become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree [o other terms of pa}•ment, such
<br />amounts shall be payable 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 prncipal under the Note unless payment of
<br />interest at such rate :vould be contrary• to applicable taw. in which event such amounts shall bear interest a[ the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />fi. CnspecHon. Lender may make yr cause to 6e made reasonable entries upon and inspections of the Property. provided
<br />[hat Lender shall give Burrower notice prior to am• such insnectonn specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. '%e proceeds of am award nr claim for damages. direct nr consequential. in connection with any
<br />condemnation or viher taking vt the Property. nr part therof. nr fur conveyance in lieu of condemnation, are hereby assigned
<br />and shat! be paid to Lender.
<br />In the event of a tote! 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 [he tvent of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing. there shall he applied to the sums seatred by this Morteage such proportion of the proceeds
<br />as is equal to that propettior, which the amvum of the sums secured by this Mortgage immediately prior ro the date of
<br />taking bears ro the fair market value or the Property immediately prior tv the date of takfog. with the balance of the proceeds
<br />paid to Borrower. -
<br />If the Property is abandoned t+y Borrower, er if, after notice by Lender to Borrower that the rnndemnor offers to make
<br />an award or settle a claim for damages. Borrower Fails to respond to Lender within i0 days after the date such notice is
<br />mailed. Lender is wthorized to collect and apply the proceeds, at Lenders option. either to restoration or repair of the
<br />Property or to the sums secured by this Rfoaeaee. -
<br />Unless Lender and Burrower otherwise agree in writing. atrv such ap~l,ication of proceeds to principal sfiail not extend
<br />or postpone the due date of the monthly installments referred tv in,i partgraphs 1~~ and 2 hereof or change the amount of
<br />such installments. "~ '
<br />70- Borrower Not Released. Extensive of the time for payment or, Snodifca(ion of amortization of the sums secured
<br />by this Morgacc granted by Lender to am' successor in interest of Bnrrc~w'crl shall no[ operate [o release. in any manner,
<br />the liabi,liry~ of the original Aorro•uer and Borrower's succe;son ir, Iintere'st. ' Len',der shall not Le required to commence
<br />proceedings against such successor or refuse to extend time for pat'men't~~llon ethern•ise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand mad: by the or~gmajl 1, [3ormwir :rod Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. .4nr forbearance bylLcnde;r ii eselrcising env right ~?r remedy hereunder, or
<br />otherwise :dforded by anplicaMc law. chill not ne a :vaicer of nr preclude the exercise nt am• such right or remedy.
<br />"rho procurement of insurance or the payment of taxes or ~+ther liens or charges by Lender :hall net be a •a~aiver of Lender's
<br />right (v accelerate the maturity ,~f the indebtedness reoured by this Mortgage.
<br />72. Remedies Cvmulafive. .411 remedies presided in this Morteage are Distinct and .umulative tv any other right nr
<br />comedy under ;his Mnrteaec nr ::(forded he law or cyuit}•. and may be cacrciscJ ,nncurrentl}'. independently nr successively.
<br />13. Successors and assignv_- Bound: Joint and Several Liabflih': C.apKons. The crn~enants and agreements herein
<br />contained shalt hind. and the rights hereunder shat! inure to. the respective succe..=sors end assigns of Lender :rod Borrower.
<br />subject to the procisivns of aaragravh :? hereof. :all covenants and agreements of Bn;mwer shall be mint and seceraL
<br />The captions and headiees of the paragraphs nt :his Mnrcgage are for convenience ,miy ,rod .: r. not ;o he used :n
<br />i:;terpret or define the provisions hereof. ~,
<br />14. Notice. Except for ern' nvuce required under applicable taw to he, given in another manrcr. !at any notice m
<br />Borrower provided for .n, fits Mnrrgage ,hail he given by mailing such notice hp certified mint addressed .n Borrower nt
<br />the Pmpetty .-: cidre.;c or :a ,uch ~+t filer ;address ~.IS Borrower may designate iiy ro!ice ?o i-ender as omvided beret^, an:t
<br />(6? ern' neC (end: --tall hr -vcn by ;:ernfied •nai;. •envn recctn+ icyu~st<.d, to Lender- address stated herein ,,r to
<br />such other address as t.cnder mac designate ny notice In Borrower as !~?rnvitleJ herein. :Nn' notice provided for ;^ thin
<br />Mnrteagc shall he :teemed to have been eiycn to Borrower or I Winder =when t~!y~en in-. !hc manner .lest++>nated '-terein.
<br />75., Uniform Mortgage: Governing haw; Sererabitity. This form of 'mortgage cnmhines uniForm .ova-nantc for nauonai
<br />use and nun-uniform n-,venants •.ciih iimiteci •:anations by i~nsd~cnon to :nnsnn,te a uniform see~ria- iristmment averirc
<br />real property. This Mortgage shall be governed he the taw .,f the iurisdictivn .n ovhich the Property- :s lvcaced. ~In the
<br />event that :my I,mvtvon ar cause of this Mortgage or the Note conflicts ++-ith ::ppiicahle Ltw. +uch :vnftict +hail not atFett
<br />other provsions c+f this Mortgage nr the Note :vhich can he voce effect without the .vntlitting provision. :,nd ~., this
<br />end the provisions of :he Mortgage ,tad (he ~'nte are Declared to be severable.
<br />76. Borrower's Cops. Borrower shall be furnished a conformed rnpv of nc~ Note :rod of thts 4lvrteage at the ;tine
<br />of execution or niter rc•cnrdation hereoF.
<br />2?. Transfer of ihr Property; :Assumption. If al! or an} part of the Property ur an interest thereto is sold .+r transferred
<br />by Borrower without Lender's prior written consent, excluding :a) the .nation of a lien or encumbrance ,uboniinare to
<br />this Mortgage, ifil the creation of :: purchase money security' intcres[ Cvr hmisehold appliances, !:1 a transfer by Devise.
<br />descent or by operation of law upoe the Death of a Joint tenant :a tdt the grant of any leasehold interest of three scars :n- less
<br />nut containing an option tv purchase, (.ender may, at Lender's opuon. declare all the gums secured he the ~lortgaee ±n he
<br />immediately due and payable, bonder shun have waived such option to aceelerrte if, prior to the gale .v trtnsfer, i,ander
<br />and the person to whom the Property is to he sold or transferred reach agreement ~~n writing that the credit of ,uch person
<br />is sa[isfac[on~ [n Lender ;rod that the interest p;p'able on the Gems xcurcd b} this ~tongagc shall he :v ,uch rate as [ender
<br />shall request. if (.ender has waived the option to uccclrratr provided cn this Paragraph t .and :f Borrower's vuccessvr in
<br />interest has executed a written assumptive agreement accepted in :vetting by Lender, LonJer ;hail re€easr Bnrrawcr from ell
<br />vbligaGons under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender ,hall mail Bnrrnw cr ^ouce oP acccleraunn m accordance cvnh
<br />paragraph 14 hercot. Such nvuce shall provide a period of not less than 3p days from :he Jate the notice is mailed +within
<br />which Borrnwcr may pay the sums declared due !i Borrnwcr fails rv pay such :urns nrii:r m the raptrttion .,f .nett pertoci,
<br />Lender may, w•ithoui bother notice nr demand on Borrower, invoke any remedies pernvtted by pangrttl+h Iti hercot.
<br />Nor+-IJNIFOxM Covt;nnNrs. Borrowermd lender iunhrr covenant and agree as follows:
<br />18. Acceleration; Remedies. Except :u provided in paragraph t 7 6errof. upon Borrower's breach nF any covenant or
<br />agreement of Borrower in this y,fortgage, including the cesenants to pay when due ens sums secured by this Mortgage,
<br />Linder prior to acceierutimt shall mail notice to Burrower acs provided in paragraph t4 hercot specifying: 11) the breach;
<br />(2) the action required to cure such breach; t3) a date, nut ies~ than iti days from the date the notice is mailed fo IIorrowcr,
<br />by which such breach must tr¢ cured; and (4) that failure to cure such broach nn nr before Ihr date specified in the Holier
<br />may result in acceleration of the sums secured by this Mortgage, foreclosure by judicial proceeding :rod sale of the Property.
<br />'Chi notice shall further inform Borrnwcr of the right to r¢inslate after acceleration and the rigiu io assert in the (orecWsure
<br />proceeding the nun-existence of n default or any other defense of Borrower to accelrratiar .rod foreclosure. If the breach
<br />is not cured on or before the dale specified in the ntrtice, Lender nt i.ender"s option may declare all of the sums secured ny
<br />this Mortgage to tin immediately due and payable without funhrr demand :rod nmy foreclose by judicial proceeding. header
<br />shall he entitled to collect in such proceeding all expenses oC foreclosure, including, bet not limited to, costs of docunrenlary
<br />evidence, obstructs and title reports.
<br />79. Borrowers Right fo Reinstate. Notwithstanding 1_cnde is a cclerativn ,,f the sums xcured Icy this Afortgagc,
<br />Borrower shalt have the right tv have any ptviceedirgs S,egua F.y Lander :o enforce ~hi•: tli rtgage aiisccntinucd at soy %mrc
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