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<br />Lender's writtrn agrcerrfast or applicable taw. Borrower shall pay the aataunt of ail mortgage insurance premitmx in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounu disbursed by Lender purwant to this paragraph 7. with interest ttutreon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrowtr and Lender agree to other terms of payment, snch
<br />amoants snail Ix payable upon notice from Lender to Borrower requesting payment thereof. and shall bear intemt from the
<br />date of disbursement at the rate payable from trine to time on outsiattdittg principal under the More unless payment ~
<br />interest at such rate would be contrary to applicable taw, in wfiich event such amaunb shag bear interest at the liiglreat rate
<br />permissible under applicable law. Nothing contained in this paragraph 1 shall require Lender m incur arty expense m talcs
<br />any action hereunder.
<br />g. Inspection. Lender may make or cause to be made reasonable entries upon and itraptctiorts of the property, provided
<br />that Lender shall give Borrower notice prior to arty such inspection specifying reasombk cage tlteretor relued IO Lender's
<br />in[ereu in the Property.
<br />9. Crrndemtratfon. 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 condemnazion. are hereby assigned
<br />and steal! he paid to Lander.
<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 ezoess, if any. paid to Borrower. In the evens of a partial taking of the Property, unless Borrower and Letuier
<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 whicfi 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 />if_the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to mate
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notitt is
<br />mailed, Lender is authorized to collect and apply rtes proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured ny this Mortgage.
<br />Unless Lender and Borrower otherwise agree ir, writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred ro in paragraphs 1 and Z hermf or change the amount of
<br />such iostalYprnts.
<br />Ill. Borroxer Not Relessed. Extension of the time for payment nr modification of amortization of the sums secured
<br />by this Mortgage granted by Lander to any successor in interest of Borrower shall not operate m release, in any manner.
<br />the (abilir; of tfie original Borrower and $orrower's successors in interest. Lender shall not he required to commence
<br />procsedings against such suceessor or refuse to extend time for payment ar 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 interesrt.
<br />il. Forbearance by Gender Not a 1Yaiver. Am' forbearance by [xnder in exercising any right nr remedy hereunder, or
<br />otherwise afforded by applicable law, shalt not he st waiver of nr preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens nr charges by Lender shall not fie a vvaiver n} Lender"s
<br />rfght to accelerate the maturity of rthc indebtedness secured by this rt,fortgage.
<br />12. Remedies Cumuhd)vr. .41i remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr cquin-, and may Fx exercised concurrently. independen[iy or successively.
<br />13. Saccessots and Assigns i3oaad: )Dior and Serrrsl Liabr7ity: Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paraeraph I? hereof. Ail 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 no[ to he used to
<br />interpret or define the provisions herecf.
<br />I4. Nice. Except for any notice required under applicable taw to be given in another manner. tat any notice to
<br />Borrower provided for in this Mortgage shall M given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Bo: rawer may designate by notice to Lender as provided herein and
<br />(h) any notice to Lender =.hxll he given by ::ertifred mail, retu Tn receipt rcyuested. to I.endcr's address seated herein or to
<br />such other address as Len,ier may designate by notice to Borrower us provide-d herein. 4nv novice provided for in this
<br />Mortgage shall he dcemed io have been ziven m Borrower or Lender when g: yen in the manner designated herein.
<br />I5. Uni€orm laYgagz; Governisgt isrx; SevershBity. T'rus form :,.+ mortgage combines uniforrn eovtnante for national
<br />u;e and Wort-uniforrn aavenants with Limited variations by j;uiuiictinn so coustituie a uniform security instrument covering
<br />Teat naperi}~. This 9fotegage shall be governed by the taw i~f the pansdfcuon m which the Property is heated, [n the
<br />event that any' provision or clause of this Mortgage ar the Note «,nltict=_ with :.Pp!i.-"-b!= law. such eonf!;ct ;ha„ oat affe:.t
<br />other provisions of this Mortgage or the Note whch can he given effect without the conflicting provision. and ro this
<br />end the pravfsietzs of the Rlartgage and the Note are declared to be severat!c.
<br />16. Borrower's Copy, Borrower shall be furnshed a conformed cony of the Note and of thts '.Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 7ti'artsfer of tbe Property; Asxumption. If all or any part of the Property or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written consent, excluding lal the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, tcl a vansfer by devise,
<br />descent or by operation of law upon the death of a joint tenant ar fdl the grant of any leasehold interest of three years or less
<br />not containing an. option to purchase, tender may, at Lender's option. declare aII the sums secured by this Mortgage to be
<br />immediately due and payable. i_ender shall have waived such option to accelerate if. prior to the ,ate or transfer. i.ender
<br />and the person to whoa: the Property is to be sold or transferred reach agreement m writing that the credit of such person
<br />is satisfactory [o Lender and that the interest payable on the 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 11. and if Borrower's successor in
<br />interasC has execet!ed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />111' Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration m accordance with
<br />paragraph t4 hereof Such nonce shalt provide a period of not less than 30 days (rem the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Borrower fails 'o pas such ,ums peer u, the expiration of such period,
<br />Leader may, without further nonce of demand or. Borrower, invoke any remedies penrntled by paragraph I R hereof.
<br />Mots-(Je31FORM CoveNnnrs. Borrower and Lender further covenant and agree; as follows:
<br />Ill. Accderatiow; Reme6es. Except as provided in paragraph 1T hereof. upon Borrowers hreach of any covenant or
<br />agr+<srteut of Bru:awrr re rims Mor~age, iacindiag the covenants to pay xhen doe any sums secured by this ~iortgaae.
<br />Lendee prior to acr;cleraiio® shall tnnii notice Io Borrower :u provided fn paragraph 14 hereof specifying: I1) tits breach;
<br />(2) tts tiNioa regidrcd to cure such preach; (3) n date, not less than 38 days from the dale rtes Wake is rrtailni to Borrower,
<br />5Y whist such breach mr~t be cured; and f4) that fet8nre to cwt such breach nn or before the date specified in the notice
<br />tetsy reaup iw acceeaaifoa of the arms secured by this M1lrtrigage, foreclosure by judicial proceeding scat sale of the Property.
<br />The ttafka shall further inform Bnrwxer of the right to reimtate after aareerWioa sad the rytAt to assert ifs the foreclosure
<br />pracaulisy) the mumsWencr of a default or any other defense of Borrower to acceleration and foreclosure. If the breach
<br />b net eared on rK before the daft specified in thr rtotice, lender at Ixnder's option mar dnlere all of the cams seccred by
<br />twee aforigage to be itsurumtsty due and payahk without farther demand and racy foreclose try judicial pruceedia=. Lender
<br />s1aaN be tntked b collect in such proceediaq aY sxperuea of ferecbwre, tnclndlhtt, tint not limited fu, cuets of docamratan
<br />NidMCe, afrlraets sari title rtporta.
<br />19. Bartowet's Rij1h[ to Rsinftate. Notwtthstandmg Lr;ndeis accelerafu+r. of the Bunn s:, ured 6y :hi, Mangagc
<br />Brarrowsr sha1S have the right to have an} proccedfngs hsgun b} fender I.r en lucre this Mortgage du.llnum,cd :i any :voce
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