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~Jti""~ ,: ~ ;art f-'S
<br />Lcnde:'s written agrecmmt or apphcab#t law. Borrower sfialt pay tht amoum of ail mortgage insuranct premiumr in ±i;e
<br />maastr provided vr~r paragraph 2 hzreaf.
<br />Any amounts disburstd by Ixnder pursuant to {his paragraph ',. with interest thereon, shall become additional
<br />indebttdnzss of Borrower secured by this Mortgage. Unless Borrower znd Linder agree to ether tennis of pavrrum, such
<br />amonnts :hat? be payable upon notice from Lendtr to Borrow_r rqun[ing paymtnt ihtroof. and shz,'7 bear interest from the
<br />date of disbursement at the rats payable from limo to lime or, atatstanding p:itn:ipai ua~r the Note unkss payount of
<br />interest at such rate would be contrary to applicable law, in which event suds amounu shaYi bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shat; rtgtriro Lender to inwr any experne or take
<br />arty action hereunder.
<br />g, Inspecti:oa. Lender may make err cause to be made reasonable lorries uport and inspections of the Property. provided
<br />that Ixnder shall give Borrower notice prior to any such inspection speciF+ing reasonalsk cause therefor related io Lentkt's -
<br />interes¢ in the P: operty.
<br />9. Coademrratlon. The proceeds of any award or claim for damages. direct or conse<tutntial, in connectmn with any
<br />condemnation or other taking of the Property, or pan thereof, or for conveyance in lieu of condemnation, are hereby assigtsed
<br />and shall be paid to Lender.
<br />7n the event of a total taking of the Pmperty, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any. paid to Borrower. in the evert 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 fo that proportion. which the amount of the sums secured by this Afnrtgage immediately prior to the date of
<br />taking tzars to the fair market value of the Property immediately prior [o 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 notice by Lender to Borrower that the condemnor ogees to ¢atike
<br />an award or settle a claim for damages, Borrower fail<_ to respond to Lender within 30 days after the date such notice is
<br />mailed, Lendtr is authorized to collect and apply the proceeds. at Ixnders option. tither to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />linitss Lender and Borrower otherwise agree in writing, any such applitatien of preceetL. to p.^'ncipz! shzli rat extend
<br />err postpone the due date of the monthly installments referred to in paragraphs 7 and 2 hereof or thangt the amount of
<br />such installments.
<br />1U. Borrower Noi Released. Extension of the time for paymtnt or modification of amortization of the sums secuttd
<br />by this Mortgage granted by Tinder to any successor in interest of Borrower shall not operate to release, in any manrrer.
<br />[he iiabiiity of the original Borrower and Borrowers successors in interest. Lender shall not Fx required to commence
<br />proceedings against such successor or refitse to ex¢end time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the origitrat Borrower and Borrowers successors in interest.
<br />33. Forbearance by Leader Not a Waiver. Any forbearance ny !,ender 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 am• such right or remedy.
<br />"['he procurement of insurance or the paymtnt of taxer err other liens err charges by Lender shall not tx a waiver of Ltndtr's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumnla!rre. All remedies provided in this Mortgage are distinct and cumulative to any ocher right or
<br />remedy tinder this Mortgage or afforded by law or equity. and may be exercised concurrently, independently or successively.
<br />33. Strecesstrrs and Assgens Bound; lainf and Several iiabiiity; Capliore. The covenants and agreements heroin
<br />contained shad hind. and the rights hereundtt shall inure to, the respective successors and assigns of i_ender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall tx joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and arc not to be used to
<br />interpret er define the provisions heeeaf.
<br />14. ?Notice. Except for any notice required under applicable law to be given in another manner, ter) any native to
<br />Borrower provided for in this Mortgage shall ire given by mailing such notice by certified mail addressed to Bonoser at
<br />the Property Address err at such other address as Borrower may designate by mice to Lender as provided herein. and
<br />(b) any' notice to L.tnder shat! he giver, by certified mail. retvm receipt requested, to I endtr's address stattti lxrein ~±r to
<br />sut7t other address as Lender may designate by notice to Borrower as provided herein. Am• notice provided far in this
<br />Mortgage shalt he deemed to have been Qiven to Aarrewer err Lender .when given ir, the manner des+gna¢r~d h~~fa.
<br />35. Uniform Mortgage; Gorernirtq Law; SeverobBity. 1-his fortn of mortgage combines uniform covenants far natianai
<br />use and non-uniform covenants with li.^.tited variations ;,y jurisdicran is constitute a uniform stconty insirvmcnt ._aver=ng
<br />real property. 71tis Mortgage shat! be governed by the law aF the jurisdiction in which the Praptrty is l~>cwta;. In *.he
<br />event that any provision or daunt of this Mortgage err the Nott conflicts with applicable law, such conflict shall no[ affect
<br />other provisions of this Mortgage or the Nett which can be~given effect without the conflicting provision, and to this
<br />end the previsions of the Mortgage and the Note are declared to be severable.
<br />36. Borrower's Copy. Borrower shall tae furnished a conformed copy of the Note and <f this Mortgage at the time
<br />of execulian or afar recordation hereof.
<br />I7. Treitsftr of the Property; AssumpSon. If 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 (aI the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (ts) the creation of a purchase money security interest for household appliances, (c) a transfer by devise.
<br />descent or by operation of taw upon the death of a joint tenant or Id) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, az I_tnder's option, declare all the sums secured by this Mortgage to 6e
<br />immediately due and payable. i_ender shall have waived such option to accelerate if. prior to the sale or transfer, Lender
<br />and the person to wham {ht Property is to Ix sold. err transferred reach agreement in writing that the aedii of such person
<br />is satisratton~ to bender and that the interest payable on the sums secured by this Mortgage shalt he a{ such rate as Lender
<br />she;i request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower 5 successor in
<br />jntertst has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligazions under this Mortgage and the Note.
<br />If Lender exercises such option [a accelerate, Lender shalt mail Borrower notice of acceleration in accordance with
<br />paragraph ]4 hereof. Such notice shalt provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender mzy, without further notice or Demand on Borrower, invoke any remedies permitted by paragraph 7 g hereof.
<br />Nov-UvtFOasa Covs :~an7s. Borrower and I_c odor further cavtstant and agree as ioiiaws:
<br />1& P_ccekration; Remedies. Eactpt as provided ra paragraph i7 hereof, upon Borrowers breach of any cavenaut or
<br />agteemeut of Borrower is this Mortgage, iacludirrg the covenants to pay wben due any snim secured 6y this Mortgage,
<br />7xaufer prior to acceknuiton shat) mail notice to Borrowtr as provided is paragraph t6 hereof specifying: {4) the breach;
<br />(2} tbt actbn rcgalred to cure such breach; (3) a daft, apt ies: ihaa 3U days from the date the native is mailed to Bosrower,
<br />by which such breach must be cured; and (4) that failure to cure such breach on or before tbe date specified in the notice
<br />may result in accekratian of thx Burns secured 6y this Mortgage, foreclosure by )wlitial prucecdirrg and sale of the Property.
<br />3'he wtHkt sht+Il further inform Borrower of iht rigfet {n reinstate afkr accelna¢bn and fire right to assert in fhe foreclosure
<br />prereediag tbe noa•exblence of a tkhtdt or nay other defense of Borrower to accelerarioa amt foreclosure. tf the breath
<br />b rmt eared an or before fhs daft xperihed is the nuttee, Leader at Lenter's oplioo raay declare ail of the soma secured b}
<br />fhb Morigagt to be iormediatdy dot amt payabk without furttur demand and may fureclost by iadiriai pr«eedirsg. I-radtr
<br />s6aB be eatatkd fo coikc¢ in such prceeediag all expertstx of fortetosure, including, hat oat linrhed eo, cis of documentary
<br />evidwce, aiwYCarts amt tick reports.
<br />34. Horrowtr's B~frt to Reirntale. Natwithstandusg Lender's awclerattun of the .urns secured b} tills Mortgage,
<br />i3afruwtr shall have She right tit have any practedings begun by l,tnder ts+ cniar.e sh:. !sfartgage discerunued at auy titnc
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