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<br />Lenders written agreement ar applicable law. Borrower shah pay the atnoum of al! mortgage insurance ptemiurtrs in tae
<br />mamier provided under paragraph 2 hereof.
<br />Any zmaunLS 3isbvrsed by Lender pursuant to this paragraph 7, with infettst thereon. shah become additioaat
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, sr>;It
<br />amounts shall be papabie upon notice from Lender to Borrower requesting payment thereof, and shall bear imerest from the
<br />dots of disbursement at the rate payable from time to time on outstanding pritrrtipal under the Nofe unless paymratt of
<br />interest at such rate would be contrary to applicable law, in which evtni such amounb shah tzar intaes! at the highest rate
<br />permissib', under applicable law. Nothing contained in this paragraph 7 shag require Lender to incur any expense or take
<br />any action hereunder.
<br />S. 7nspecHom i~rder may make or cause to be made reasonable entries upon and inspectiotu of the Property, pro+ided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lenders
<br />inmrest in the Property.
<br />9. Condemnation. The p: xetds of any award or claim for damages. direct or consequentiah 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 shah be paid to L ender.
<br />in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. it any, paid to Borrower. In the event of a partial taking of the Property, unless Borsower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the prorxeds
<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 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 Property is abandoned by $orsawer. er if, after notice by Lender to Borrower 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 prxeeds, 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 Borsower otherwise agree in writing. any such application of prxeeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />i0. 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 Horcower's successors in interest. i..ender shall not be 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 Rormwer and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a PI'eiver. 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 the payment of taxes or other liens nr charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cutnnfa8ve. .411 remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently or successively.
<br />'_3. 5ceeessors and Asstgtes Bound; Jattt and Several i,iahillty; Captions. The covenants and agreements herein
<br />contained steal! bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />interpret or define [he provisions hereof.
<br />Id. Notice. Except for any notire required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall he given by malting ouch notice i,y rettin'ed mail addressed to Borrower at
<br />the Property Address ar az such other address- as Borrower may designate by notice to Lender as provided herein. and
<br />(b) any notice to Lander steal! he given by certified math return receipt requested, to !.end^~ s address stated herein. ar *.e
<br />such other address as Lender may designate by notice m Borrower as provided herein. Any notice provided for in this
<br />Mortgage shaii be deemed to have been given to Aorrower or 1 ender when given in the manner designated herein.
<br />95. Uniform Mortgage; Governing Lnw; SeveraMlity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed 6y the law of the jurisdiction in which the Property is Ixated. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law. such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to he severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution nr after recordation hereof.
<br />17. '9'rausfer of the Property; Asuumptfon. 1f all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgages (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (d? the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, [.ender
<br />and i}ta person to whom the Property is to be sold or transferred reach agreement in writing three the credit of such person
<br />is satisfactory to Ixnder and that the interest payable on the sums secured by this Mortgage shall he at such rate as Lender
<br />shaii request. If Lender has waived the option to accelerate provided in this paragraph ]7, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Ixndeq Lender shalt release Borrower from rail
<br />obligations under this Mortgage end the No[e.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />parageapit ;z hutof. Such notice :haft previde a period of not less than 30 daY.s fratn the date the notire is mailed within
<br />which Surnnver may pa}' the sutras declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without farther notice or demand on Borrower, mvokc any remedies permitted by paragraph 18 herd+f.
<br />Nosy=J4tFOast CovannNrs. Borrower and Lender further covenant and agree as follows:
<br />lg. Accekratinu; Reo...dt.u Fstept as previded in paragraph 17 hereof, upon Borrower's breach of soy covenant or
<br />agreement of Borrowee in this Mortgage, indudfryt the covenants to pay when due any soots secured by this Mortgage,
<br />Lender prior fo aectlertitua sltairf rsaii notice to Borrower as provided in paragraph 14 hereof specify!ng: 113 the breach;
<br />(3j the actloa required to cure such breach; (31 a date, rrot less than 30 nays from the date the notice is mailed to Borrower,
<br />by which such breach mast be cured; and 141 that failure to cure such breach on or before the date specified in the no8ce
<br />may result in acceleration of Ilce sarfrs secured by this Mortgage, foreclosure by judicial proceeding end sale of the Property.
<br />Tha notce s1raB fnrtber inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure
<br />~oeeediag the troo-exisl~~ce of a riefan9t or any other defense of Borrower to acceleration and foreclosure- $ the breach
<br />la rent cured an or before tlr_ dot specNted is the notce, I.emler at Lender's opteoa may deelnre all of the stems secured by
<br />iki8 Mortgage to be irumedealely due end payahle wfthout further demaml end may foreclose 6y judicial proceedigg. Ixnder
<br />sltai` be ea:.' ~I to :fit :n snob practad:rrd a!I exper~es of fortekrsrre, iadndfng, bat rot lisetited ta, corYx of documentary
<br />evMeare, e~>rsta a~ ±l!t° ee(~r*.s.
<br />I4. Borrower's Right to Rtitsatale. Notwithstanding Lender's acceleration of the sums srxured by this Mortgage.
<br />Borrower shaii have the right to have any proceedings begun by lender to enhtnx thtx Mortgage <iisconunued at anc time
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