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<br />Lender's written agreement or applicable law. Borrower shall pay the amoum of ail mortgage insurance premiums in the
<br />manner provided under pazagraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph ?, with interest thereon, shall become additions!
<br />indebtedness of Borrower secured by [iris Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upor, notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />date of dtshursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to 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 s.'-,ail require Lender to incur any expense or take
<br />any adion hereunder.
<br />8. Inspect[<ere. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that ;ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Condemnatlon, The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />condemnation or other taking of the Property, ar part [hereof, 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 [he sums secured by this Mortgage.
<br />with the excess, if any, paid to Bnr=nwec 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 hears to the fair market value o€ the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />. [f the Property is abandoned by Borrower, or if, after nonce 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 Lender's option, either to restoration or repair of the
<br />Property yr iv 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 pvsfpone the due date of the monthly installments referred ro in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Rn[eased. 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 interest of Borrower shall nut operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be 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 ori¢inal Borrower and Borrowers successors in interest.
<br />il. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hernunder, 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 payment of taxes or other liens ar charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Reraedies Cumulative. AlI remedies provided in this Mortgage err, distinct and cumala[ive to any other right or
<br />remedy under this Mortgage or atTorded by law or equity, and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several [,iabrlity; Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shall inure to, the respective successors and assigns of Lander and Borrower,
<br />subject tv the previsions of paragraph 17 hereof. All covenants and agreements of Borrower shall he joint and several.
<br />"[The captions and headings of the paragraphs of [his Mortgage are fur convenience onto anti arc net to he used to
<br />interpret or define the provisions hereof.
<br />lq. Notice. Except fur any notice rcyuired under applicable law to be given in another manner, la) env notice to
<br />Borrower prctided for in this Mortgage shall 6e given 6y mailing such notice by certified mail addressed to Borrower at
<br />the Property Address yr xt such ether address as Borrower may designate by notice to Lender as ,~ravided herein.::nd
<br />ih) any rat;ce to Lender shalt h~ given by ,:ertifietl mail, return receipt requested. to Lender's address stated herein ar to
<br />ntmh aiher address as Lender may designate by nonce to Borrower as provided here: n. Any native pr.+vidcd for ir. this
<br />Mortgage shall he deemed to have been given tp Borrower or Lender when given in tLe manner designated herein.
<br />15. Uni#vrm Mortgage; governing haw; SeveraMiity. This form of mortgage comhints 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. Tn the
<br />event that any provision or clause of this Mortgage or the NMe conflicts with applicable Imo, such conflict shaft 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 Nate are declared to be severable.
<br />16. B+orrower's Copy. Borrower shxli he furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfrr of fhe Property; Assumption. If all or any part of the Property ur ar. interest therein is sold or transferred
<br />by Borrower without Lender's prior written eansen4 excluding (a) the creation of s lien or encumbrance subordinate to
<br />this Mortgage, (h} the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent ar by operation of law upon the death of a joint tenant or Id) the grant a( any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage io be
<br />immediately due attd payable. Lender shall have waived such option to accelerate if, prior to the xale or transfer. Lender
<br />anti the person to whom the Property is to he sold or transferred reach agreement in writing that the credit of such person
<br />is satisfaa[ary to bender and that the interest payable on the sums secured by this Mortgage shall tre at such rate as Lender
<br />shall request. [f Lender has waived the option to accelerate provided in this paragraph I7, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by lender, [.ender shall rolease Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exeenses such option io aa.elerace, Lender shall mail Borrower notice of acceleration in acrordance +vith
<br />paragraph ii herersf. Such notice shall provide a purled of not less than lt7 dny+ from the date the. native is mailed within
<br />which Borrower may oay the awns declared Sun. li Borrower (ails ta+ pay such .ants prior to the expiration of such period,
<br />Lender may, without further rtaUCe or demand rnt Burrower, invoke any remedies permitted by paragraph Ig hereof.
<br />NoN-IIN7FOnM Coven Thurs. Borrower and Lender further covenant and agree as follows:
<br />7B. Aecelerateon; Remedies. Except as provided io paragraph l7 hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrower in chic Mortgage, including the covenants to pay when due any sums secured by Ibis n#ortgege,
<br />Xxader prior to acceeratiou sbati mail notice fo Borrower as provided in paragraph 14 hereof specifying: f q the breach;
<br />(3) the acHan required to sera such breach; (3) a dare, not lest than JO days from the dale the nolim is mailed to Borrower,
<br />by which such breach must be cored; and (A) that failure to cure sash breach no or before the date specified in the ration
<br />nary resell in aecekratlon of the sums secared by this Mortgage, foreclosure by judic[al proceeditrg and sate of the Property.
<br />1'hn notion shall #uathnr inform Borrower of ffie right to reinstate after acceleration sad fhe right to assert in the foreclosure
<br />.proceeding the non-nxistnnce of a default or any other defense of Borrower zo acceleration and foreelasurc. 1f the breach
<br />is tw/ corral cw or beftxe the date specified in the notice, Lender at [,ender's option may declare aB of the sums secured by
<br />thin Mortgage to he immediately due and payebla without further demand and may foreclose by judicial procenditua. l.eadnr
<br />ahaB 6e entitled to coUnct in such procending all expenses of foreclosure, incladtrrg, bat rrot limited to, costs of documentary
<br />evidence, altslracts and title reports.
<br />--: ~rrow'eea -ref to %elta~atn. Notwithstanding l..euder's aceeieratior. of the sums secured by this Mortgage.
<br />~rr+.wcr snail have the rigfiz is have say prexcedings iregun by [.ender to ent`on~c this b{artgage discontinued at any time
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