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<br />Leader's written agreement or applicable taw. Harrower shall pay the amount of al! mortgage insurance premiums 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 additionat
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agrce to other terms of payment, such
<br />amounts shag 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 tune ~on outstanding principal under the Note unless payment of
<br />interest at such rate would 6e contrary in applicable law, in which event such amounts shall bear interest a[ the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur arty expense or take
<br />any action hereunder.
<br />8. Iaspectioe. Fender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />rote: eat in the Properly.
<br />q, Cottdemnatbn. The proceeds of any award or Claim for damages, direct or mnsequentiai, 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 be paid to Lender.
<br />7n 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 Lender
<br />otherwise agree in writing, 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 Propert}• immediately prior to the date of taking, with the balance of the proceeds
<br />paid is Borrower. -
<br />:fthe Property 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 fails to respond to Lender within 3U 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 />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds 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 />10. 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 Borrower's successors in interest. Lender shall not he 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 or` any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance Ery Lender Not a 6'laiver. 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 any such right or remedy.
<br />The procurement of insurance or the paymene 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 />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this btortgage or afforded by law or equity, and may be ezerciscd concurrently, independently or successively.
<br />13. Saecessots attd Asstgrtc Bound; Joint and Severe! i.iaM7ity; Capitons. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the mspective 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 cautions and headings of the paragraphs of this Mort¢age are for convenience only and are not t, be used to
<br />interpret or define the provisions hereof.
<br />14. Notic^. Except for ary notice required under applicable law to be given in another m_nner. (a) any notire to
<br />Borrower provided fur in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the P-aeerty Address cr ai such other address as Borrower may designate by nofice io Lender a orcvided herein, a-
<br />(b) any notice to Lender shall be given by certified mail, rococo receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law: SeveraldBty. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to cons[i«ne a uniform securty instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage nr the Note conflicts with applicable law, such conflict sha8 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 be severable.
<br />16. Botsawer's Copy. Borower shall be furnished a conforrned copy of the Noie and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />6y Burrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinula to
<br />this Mortgage, (h) 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 ur Qll the grant of any leasehold interest of three ycnrs or less
<br />not containing an option to purohase. !.,ender may, at Lender's option, declare all Chu Burns secured by this Mortgage to he
<br />immediately due and payable. Isnder shall have waived such option to accelerate i(, prior to the sale nr transfer, Lender
<br />and tfie person to whom the Property is to be sold or Iranskrrcd reach agreement in writing that the credit of such person
<br />is sa@sfactory to Lender and that the interest payable on the sum. secured by this Mortgage Shall be at such rate as Ixnder
<br />shall request. tf Lender has waived the option to accelerate provided in this paragraph I7, and if Aorrower's successor in
<br />interest has executed a written ssumption agreement accepted in writing by Lender, Lender shall release Borrower from alt
<br />obiig_akions under this Mortgage attd the Note,
<br />if Lender exercises such option to accelerate, Lender .hall mail Borrower notice n( acceleration in over relanm with
<br />parttgrapit i4 ltereor.. Sue!: notice s--hat! provide a perod of rat !ass than 3U days Crum iha date the ne@cc is r.:aited within
<br />which Borrower may pay the sums declared due. If Borrower faits to pay such sums prior ro the expiration of such period,
<br />Lender may, without further notice or demand nn Borrower, invoke env remedies permuted by paragraph I R hereof.
<br />NoN-IJNIFOftM COVetuners. Borrower and Lender further covenam and agree as foilowa:
<br />1& Acceleratioa; Remedks. Except m provided io paragreph 17 hereof, upov Borrower's brtach u[ any covenant or
<br />agreement of Borrower in tilts Mortgage, includirryt the cuvcnnnla ro pay when due any smm~ savored by this Mortgage,
<br />Ltatlxr prier to acceleration shat) rttaB notice to Borrower as provided in paragraph 14 hereof speci[ying: I1) the breach;
<br />(2) the avltsaa required to clue such breach; 13) a date, twl tee than 30 days from the date the ttotive is nwiled to Borrower,
<br />by which such breach musf & cured; and (d) that failure to cure such breach on or before the date specified in the notice
<br />may result in accekrattan of the surer secured by this Mortgage, Cnrrclosurc by judicial proveedittR end sate of the Property.
<br />7'he notice shag further inform Borrower at the right to reimfate after acceleration and the right to assert to the foreclosure
<br />proceeding the non~exWence of a detavft or any other defense of Borrower to avctkratbn and forevlosure, R the breach
<br />Ea oat cured on or before the date specified in the native, Lender at Lender's option may declare all of the sums secured by
<br />this Mortgage to 6e immediately due and payable without further demand cud may forcclase by judicial proceeding. Lender
<br />alatdl lrs enlHIdrd to mBeet in such proveedlog nit expenses of Eorcebaure, inciudiug, but not limited to, cotes of documentary
<br />Sq, '•~--.v,, 2s 8~ht e~ R,~t~.t., Notwifhstanding Lender's acevle-ration of the sums secured by this Mortgage,
<br />Borrower shaft have the fight [o have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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