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<br />Lender's wrinen agreement or applicable law. Borrower shall pay iM amoum of elf mortgage snsurance premiuats iv cite
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant !o this paragraph 7, with interest therm, shalt become additiorrai
<br />indebtedness of Borrower secured by this Mortgage. Uniesss Harrower and Lender agree to attar terms of paymem. such
<br />ama~nts shah be payable upon notice from Lender to Borrower requesting payment thereof, and shad bear interest from the
<br />dais of disbursement at the rate payable from tithe to rinse on artstaading principal antler the Note unless payment of
<br />interest ai such ra!e would be contrary to applicable law, in which event such amoums shalt bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shah require Lettder to inenr say expense rir take
<br />any action hereunder.
<br />8. lrtspeetioe. 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 connx[ian with any
<br />wademnatian ar tithe-r 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 zvent 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 2mount of the sums secured by this Mortgage immediatety~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 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, 3~ days after the date such notice is
<br />matted. 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 />Unizss Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the rive date of the monthly installments referred to in paragraphs I 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 Linder to any successor in interest of Borrower shalt not operate to release. in any manner,
<br />the liab'vlity of the original Borrower and Borrower's successors in interest. Lender shad not be required to commence
<br />prceeedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Aortgage 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 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 payment of taxes ar other liens or charges by Lender shat) not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />1~: Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity, and may be exercised concurrently, independently or successively.
<br />13. Snceessors and Assigns Bound; Toint and Several LiabTW; 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 the provisions of paragraph 17 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 convenience only and are not to be used to
<br />interpret ur define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice io Lender shall be given by certified mail, return receipt requested, to Lender's address stated 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 />Mortgage shalt be deemed to have been given to Borrower or Tender when given in the manner designated herein.
<br />1'. Uniform Mortgage; Governing Law; Severability. This form of mortgage combines uniform covenants for natiora[
<br />use and non-uniform covenants with Limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. 'ibis 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 or the Note conflicts with applicable law, such conflict shall 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 he severable.
<br />16. Borrower's 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 />17. Transfer of the Property; Assumption. If al! ar any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) 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 or fd) the grant of any leasehold interest of three years or less
<br />not con[aiaing an option fo porcl2ase. Lender may, a[ I-cnder's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. I-ender
<br />and the person to whom the Property is to he sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on [he sums secured by this Mortgage shall he at such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Bar rower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall nrovide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared doz. If Borrower fails io pay such sums prior to the expiration of such period,
<br />Lender may, without farther noticz or demand on harrower, invoke any remedies permitted by paragraph 13 hereof,
<br />Mort-UNIFOaM CoveNanis. Borrower and Lender further covenant and agree as follows:
<br />-_ ~ 18. Acce12ra4on; Reneedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />- agreement of Borrower io this Mortgage, including the covenants to pay when due any sums secured by this Mortgage,
<br />`~ Lender prior to acceleration shill maB notice to Harrower as provided in paragraph 14 hereof specifying: dl) the breach;
<br />-_~ !7\ a6a o.,}:+....e....t~vA a.. ,.,.~ ....,.,. a,~...._a.. pia .. a_'_ __~ e__ .~__ .ten ~_- - e-_
<br />+~y+++aw au cuac auaa, uacxu~ ,.ir a uaac, ova scan anon .~V uayn arum th - e ine notice is maiiea' fo Borrower,
<br />by whieW+such breach muse be cured; sari (4) that failure to cure such breach on ur before the dale specified in the notice
<br />may result iu acceleration of the sums secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property.
<br />The notice shall further inform Harrower of the right to reinstate after acceleration and the right to assert in the foreclosure
<br />proceeding the nun-exivfeace of a default or any ether detertse of Borrower to acceleration and foreclosure. If the breach
<br />is nM cured on ar before the dale specified in the notice, Lender at Lender's option may declare all of the solos secured by
<br />this Mortgage to 6e immediately due and payable wHhout further demand and may foreclose by judicial proceeding. Lender
<br />shag be entitled to cuBeci in sacs proceeding ail expenses of foreclosure, itcluding, but not limited lo, costs of documentary
<br />zvldeace, aa`atraets and title rzpuris.
<br />i9. Borrower's Rleht to Reitt&taie. Notwithstanding Lender's acceleration of the sums secured by this !Mortgage,
<br />Bouower shalt have the riebt to have any proceedings Imgun by Lender f+~ enforcz this Mortgage discontinued at any ti!ve
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