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<br />Candor's written agreement or applicable taw. Borrower shat{ pay itee amount of all mortgage insurance premiurns 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 additional
<br />indebtedness of Borrower sxured by this Mortgage. Unless Borrower and Lrnder agree to other terms of payment, sttch
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shalt bear interest from the
<br />date of disbursement a4 the rate payable from time to time on outstanding principal under the Nott units payment of
<br />interest at such rats wou'.d 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 Lender to incur any expense or take
<br />any action hereunder.
<br />g. Inspection. Lender may make or cause to be made reasonable entries upon and inspeMions of the Property, provided
<br />that Lender shall give Boaewer notice prior to any such inspection specifying reasonable cause therefor related to Lender s
<br />interest in the Property. -
<br />9. Cocdemrration. T'ne 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 assigtred
<br />and shall he paid to ixnder.
<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. if any. paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Tsnder
<br />otherwise agree in writin¢, 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 the fair market value of the Property immediately prior to the date of taking. with the balance of the proceeds
<br />paid t~ Borrower.
<br />[f the Propem• is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offen to make
<br />an award yr settle a claim far 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 />Propsrry yr to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to nrincipai shall not extend
<br />or pvsvpone the due date of the monthly installments referred to im paragraphs 1 and 2 hereof yr change the amount of
<br />such installments.
<br />10. Borrower Nof 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 />[he lia6iiity of the original Borrower and Borrower's successors in interest. lender shall no[ he required [o commtnce
<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 origins! Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Noi a .Yaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law_ ,hall not he a waiver of or preclude the esercist of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or 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 />22. Remedies Cumulative. All 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 he exercised concurrently, independently or successively.
<br />13. Sncceswrs aced Assigns Bound; Joint and Severs) i.iabdity; Captions. The covenants and agreements herein
<br />eortainsd shall bind, and the rights hereunder shall inure w, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph i7 hereof. All covrnsnts and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />in:erprat or define the provisions hereof.
<br />id. Notice. P,xcept for any notice required under applicable law to he given in another manner, fa) any notice to
<br />Bcr:ewer provided for in !his Mortgage shah be given by mailing sects notice try certified mail addressed cis Borrower at
<br />the Property Address or at such other address as Borrower may designate by nonce to Lender as provided herein, and
<br />(b) any notice to Lendzr sh aft be given by certified mail, return receipt raqussted, to tender's address stated tsereir. c€ !e
<br />such other zddres-s as I-ender may designate by notice to Burrower as provided herein. Any nvlics prvwideJ far in this
<br />Mortgage shall he deemed to have been given to Borrower or [.ender when given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law: SereraWlity. 'This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with IimiteJ variations by jurisdiction to constitute a uniform secunty Instrument covering
<br />real property. This Mortgage shall he governed by the law of the jurisdiction in which the Property is located. in the
<br />event that arty provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affat
<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 Notc 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 or after recordation hereof.
<br />17. Traxsftr of the Properly: Assumpfion. IC all or any part of the Property yr nn interest therein is sold yr transferred
<br />6y Borrower without Lender's prior writen consent, excluding 60 the caution of a lien or encumbrance subordinate to
<br />this Mcrtgage. (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 iJ) the grant oC any leasehold inteast of three years or less
<br />net wntaining an option to purs:hase, Lender may, at L.ender's option. declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option ms accelerate if, prior to the sale yr transfer Lender
<br />end the person to whom the Yropeny is w be soW or tranafrrraJ reach agreement in writing that the creJit of such person
<br />is satisfactory m Lender and that the inteast payable on the sums se vred by this Mortgage shall be at such raft as Lender
<br />shall reyuest. If Lendsr has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has exscuttd a writcen assumption agreement accepted in writing by Lender, Lender shalt release Harrower from all
<br />obligations under this Mon$a$e and the Note.
<br />if if;=i_r sxercitLL_s su._!, optivv to a~•slsratc, Lndtr shall malt Borrower notice of acce!eratien in accordance w+th
<br />paragravh 11 hereof. Such notice shall provide a otrioJ of not Tess than JO days from the Jatc the notice is maii~d within
<br />which 7orrower may pay tat auras Jc--fared dec. It Borrower (ails to pay such cams prier to the cspiratvm of sv.h pcneJ.
<br />Lender may, without further notice or demand on Borrower, invoke any remedies pernsiueJ by paragraph I$ hereof.
<br />Norr-Umr-oata Cover+err-rs. Borrower and Lander further cvvenam and agree as Cvlbws:
<br />Ig. Accnlmrrtion; Remedks. Eactpt as provided In paragraph 17 hertoF, upux Borrowers breach of any covenant nr
<br />agretrrxat of Burrower in tins Mortgage, including the cotenants to pay when due any sane sscaml by thk Mortga$t,
<br />[.eadsr prior to aseFltrxUtaa shag mail notice to Borrower as provided in paragraph IJ hereof specifying: 11} the brexch:
<br />(2) life action required to cure such breach; (J) u dxte, nut lees than 3a days from the date the nutlet is nailed to Borrower,
<br />by which anrh breach must be cured; and (4) that failure to cure such breech nn or before the date specified in the notice
<br />may trsult in xceeitrallon of the Burns secured 6y this :Norlga(fe, foreclosure by judicial prucetdirrK and sate of the Property.
<br />Teat nolicr shxB farther inform Burrower oC the rl$hl ro rtlastxte utter acceleration and the right to assert in the fortttosure
<br />proctedirtQ the non-ttxistenct of a dtfauit or any other dt(ense of Borrower to acaettration uud Care.losure. if the beach
<br />is rtot cured ox or before the dxfe specified in the notice, Lender ai Ltruler'c option may declare nil uE the sums secured by
<br />fhb Mxrt$a$e to ace immediately due and payable without (ot)her demand xnd mar foreclose by judlcfal proceedia$. Lender
<br />sbaB he entltied to culler[ in such proctedin$ all expenses of foreclosure, including, but nut limited to, cosYS of ducmntntaq~
<br />evidence, absiracis sad title repotia.
<br />1~. ::spa °t-'~'hC :. I.'~:;v``:». ':a[witbs!atzdiisg Lemdtr's ~ce!erat:ua srf ihs corns s tired by this Mortgage.
<br />Borrwer sha~have r..,, s t to haul any prvicesdin$x tu;$un by {under to enforce th+s hlvngaaeL JiscvnunucJ at a y time
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