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<br />Leader's written agreement or applicable taw. Borrower shall pay the amouai of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader 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 arms of paymem, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from *.he
<br />date of disbursement at the rate payable from time to time on outstanding principal vrtder the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shell bear interest at the highest rate
<br />permissible wader applicable law. Nothing contained in this paragraph 7 shall require Lrnder to incur any expense or take
<br />say action hereunder.
<br />8. Inspection. Lender 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 />interest in the Property.
<br />9. Condemnation. The 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 assigned
<br />and shall be paid to Lender.
<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 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 Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />Tt the 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 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at fender's option. either to restoration or repair of the
<br />Progeny or to the sums secured by this Mortgage.
<br />L`ntess bender and Borrower otherwise agree in writing, any such application of proceeds to principal shall no[ extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 7 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Nat 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 $orrower shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not t?e required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right ar remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of nr preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law ar equity, and may he exercised concurrently. independently or successively.
<br />13. Successors and Assigns Bound: Joint and Several l.iab$ity; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of lender and Borrower,
<br />subject to [he provisions of paragraph 77 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for com•enience only and arc not to be used to
<br />interpret or define the provisions hereof.
<br />l4. 1<ofice. Exeept for any notice reyuired under applicable law to he given in another manner. (a) any notice to
<br />Harrower nmvided for in this Mort¢aee shall be eiven by mailine_ such notice by certified mail addressed to Borrower m
<br />the Propert}• Address ar at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b} any notice to Lender shall he given by certified mail, return receipt requested, to Lender's address smted 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 he deemed to have been given to Borrower or Tender when given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law; Severabilify. 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 by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage ar the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this hfortgage or the Note which can be given effect without the con0ictinK Provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Borrowers Copy. Borrower shall he furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />i7. Transfer of the Property; Assumption. If all nr any Part of the Property or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written consent, excluding la) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (h) the creation aF a purchase money security interest far household appliances, (c) a transfer by devise,
<br />descent or by operation of taw upon the death of a join tenant or /d) the gram of any leasehold interest of three years or less
<br />not containing an option to Purchase, Lender muy, at Lender's option, declare all the sums secured by this Mortgage to he
<br />immediately duo and payable. lender shall have waived such option m accelerate if, Prior to the sale or transfer, i.ender
<br />and the person to whom the Aroperty is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. Tf Lender has waived the option to aucelerate provided ur this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by lender, Lender shall release Bon'awer fi'om all
<br />obligaiians under this Mortgage and the Note.
<br />If Tinder exercises such option to accelerate, Lender shall mail Aon'awer notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than l0 8nys Irom the data the notice is n?aiicd within
<br />whklt $orrower may pay the sums dedareti due. If Borrower fails to pay such sums prior to the expiration at ,uch period,
<br />Lender may, withwt turther notice or demand on Borrower, invoke any remedies permi«ed by Paragraph lg hereof.
<br />NoN-lltvteoast Cover+ena's. Borrower and Tender further covenant and agrer: as follows:
<br />7g. Aerelera/ion; Remedies. Except as provided in paragraph T7 hereof, upon $orrower's breach of any covenant or
<br />agreement of Borrower in this Mortgagr, including the covenants to pay when due any sums secured by this Mortgage,
<br />].ender prior to acceleration shall mail mrtice to Borrower us provided in paragraph 14 hereof specifying: (t) the breach:
<br />(2) the action regnired to cure such breach; (3) a date, not leas than JO days from the date the notice is mailed to Borrower,
<br />by whkh sueh breach most be cured: and (~) Ibaf fa$ure to cure such breach on or before the date specified in the notice
<br />may result in accekration of the sums secured by this Mortgage, forcelosure by judicial proceeding and safe of the Property.
<br />'[he notfee shell further inform Borrower of the right to reinstate after accelerefiun and the right to assert in the forechmure
<br />proceeding the non-existence of a default or any other defense of 9orrower to acceleration and foreclosure. tf the breach
<br />is na cared nn or before the date specified in the notice, lender at Lender's option may declare alt of the corns secured by
<br />this Mortgage to be immediately due and payabk without furllrer demand and may foreclose by jud{c{ei proceeding. Leader
<br />shall be enflHed to collect in such proceeding a$ expenses of foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstracts and ritfe reports,
<br />19, Borrower's Rlobt to Rein~7ate. Notwithstandine 1 tinder's acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discmuinucd at any time
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