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<br />L.2nder's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner proovided under paragraph 2 hereof.
<br />11ny amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shat! become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shat! be payabte upon notice from Lender io Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbi[rsement at the rate payable from t!me to time on outstanding principal under the Note unless paymrnt of
<br />interest at such rate would be contrary ro applicable taw, 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 io incur any expense or take
<br />any action hereunder.
<br />8. InspectNpn. Lender may melee 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 L-ender's
<br />interest in the Property.
<br />4. Cotxlemnatbn. 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 evens of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the excess, if any. .paid to Borrower. fn 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 fhe proceeds
<br />as is equal to that proportion which the amount of the sums secured 6y 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 Borrower, or if. after nofice by i_ender to Borrower that the condemnor offers to make
<br />nn award or settle a cfaim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is o' ~ha ,~ to tr,;lect and apply the proceeds. at Lender's option, either to restoration or repair of ine
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. am' such application of proceeds to principal sfiall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />L0. Borrower Not Released. F_xtension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in merest of Borrower ;hall nor operate ro release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest, Lender shall not be reyuired to commence
<br />proceedings against such successor ar refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured 6y this Mortgage by reason of say demand made by the original Borrower and Borrowers successors in interest.
<br />19. Forbraroree Lw Lender Not a waiver. Any forbearance by [-ender in exercising any right ar remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the ozonise of any such right or remedy.
<br />The procurement of insurance or the payment of razes or ether liens or charges by {.ender shat! oat he a waiver of Lender's
<br />tight to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Retmdies 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 />93. Snetnxsors and Assigns Bound; Yoint and Several IrabBfty; Captions. The covenants and agrzements herein
<br />contained shat! bind, and the rights hereunder shall inure to, the respective cuceessor5 :~nd assigns of [.ender and Borrower.
<br />subjece to the provisions of paragraph 17 hereof. All covenants and agrcemtnts of Borrower shat) be joint and several.
<br />?9[e ^aptie,^.s and headings of the paragraphs of [his Mortgage are for can Fentcnce :±nly ;.rid are nai io i+e used ±n
<br />interpret or define The provisions hereof.
<br />9~. Natke. Except fx any notice required under applicable law to he given in another manner, fal any notice to
<br />Barraw2r provided fat in this .".iortgage she!! be given by mailing ;uctt entice by c-ertined mail addressed to Borrower at
<br />the Property Address or at Cush other address as llarreu•tr may designate ts7^ rasice r, t.ev:der as prm•ided heroin, and
<br />({ti any nail^.::-~ Lender shat; be giver, by cerified mail, return rectrpi requested. io !.enders address slated herein ar to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for In this
<br />MafiQtge s'^.ai! '~ deemed to have been given to Borrower ar I-ender when F„lute in the manner designated herein.
<br />93. L;r~ortn M~ra~e; ,^,averreio~ fav+. Serera~iy i [ns form oe mortgage mnrb!nes uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />tea{ property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn 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 ur the Not¢ which can be given efteci without the conflicting provision, and [o this
<br />end the provisions of the hfortgage and the Note are declared to Ix severable.
<br />96. Borrower's Cmpy. Borrower she!! he furnished a Conformed copy of the Nate and of this Mortgage at the time
<br />of execution or after recordation herrnf.
<br />17. 17ansfer of the Property; Assumption, {f sIl or any pan of the 1'raperty ur an interest therein is sold or transferred
<br />by Borrower without L2ndei s prior written consent, excluding ice) the creation of a lien oe encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money' security interest far household appliances, (c) a transfer ny devise.
<br />descent cr 6y operation of law upon the death of a joint tenant or (d1 the grant of any leasehold interest of three years or less
<br />sot containing an option io purchase, i.ender may, at Lenderr's option, declare al! the sums secured by this Mortgage to he
<br />immediate!}' due and payable. Lender shall have waived such option to accelerate if, prior to the sale ar transfer. {,ender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and [hat the interest payable on the sums secured by this Mortgage shall be at such rate as i_ender
<br />shall reyuest. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has exexuted a written assumption agreement accepted in writing 6y Lender, Lender shall release Borrower From all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender she!! mail Borrower notice of acceleration in accordance with
<br />paragraph !4 hereof. 5+~ch native she{! provide a p-rind of net less than ?4 days tram the data the nc;tice is mailed within:
<br />which Borrower may pay the sums declared due, it Borrower fails to pay such sums pricer to the expiration of such period,
<br />Lend,:: may, without furihe: eerier oe demand on Borrower, invoke any remedies permitted by paragraph i 8 hereot.
<br />Nox-UNIFORM CovaNer[rs. Borrower and Lender further covenant and agree as follows:
<br />18. Acte~ratfep; Retaedies. l:xcapt as provided ip paragraph 17 hereof, upon Borrowers breach of any covenant or
<br />agreement of Borrower in this Mortgage, ioctudiog the coremnts to pay when due any sums secured by this Mortgage,
<br />I.etader prior to ateekrati..n shag mail notice to Harrower as provided is paragraph 94 hereof specifying: (1) fhe breach;
<br />(a) !lam act~^n realnuad to tore ssth !tr€ach; (3) a data, tr,W txss rhea 3U days from the dais the native is mailed to Borrower,
<br />by which surd breach maul be cared, and (4) that failure to sure such breach on or 6efare the date specified in the notice
<br />may result ip acceferatioa of the sups secured try this iMurrgnaae, foreclosure by judkial proteediag and sa{e of the Property.
<br />Tlt2 notce shag farther inform Borrower of the right to reinstate after acceleration and the right to assert ip the foret{osure
<br />proceediaR the raaa•2xistetue of a datarrlt or any other defense of Borrowec fe acteleratia[ wed foreclosure. if the breach
<br />b axN cured an or before the date specified In flee petite, lxadtr at Lender's op!ron may declare all of the scans secured by
<br />[h~ Mt[rlgase to {x iennrediatety doe and payable without fnciher demand and may forecbse by jodiciaf prucesdiug. !.ender
<br />°e>~" ice ew"'.. ls.°'' fa :al:^tt in st»h ptar2e3~ all e.pza~s of farzripspre. ipcfpdGraQ, bW nai limited !a cosy of documentary
<br />avE3¢o€s, °~^frec?s and U:!e raxs:ss
<br />94. Beurow•ee's Right 4o ReitWate. NutwithsWndinQ Lender's acceleration at the cams secured by this Mor•.gage,
<br />Harrower shall have the right to have any pzore2dings !rogue by l.eadtr to enforce this Mortguec discontinued at auy time
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