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<br />81-- uc-os4s
<br />Leader's written agreement or applicable law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 herrnf.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebt~ness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other ittms of payment, such
<br />amounts shall be payable upon trotice from i.ender to Borcower requesting payment thereof, and shat) bear interest from 2Fa
<br />date of disbursement at the re#e payable from tithe to time on outstanding principal under the Note unless paymene of
<br />interest at strsJt rate cvo•~3d be eo;;tra;y to a~4cab)e taw, in which event such amounts sbal? bear interest at the highest rate
<br />permit~bk tm&r applicable law. Nothing contained in this paragraph 7 shaii require Lender to incur any ex~va or take
<br />any ietian hereunder.
<br />>!. Fttsp^etlao. 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. CaBdentnalfns. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of [he Property, or part thereof, or far 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 the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower In the even[ of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shat! be applied to the sums secured by fhis Mortgage such proportion of the proeeeda
<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 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 seMle a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to rnliec[ and apply the proceeds, at Lender's option, either to restoration or repair of t)m
<br />Property or to the sums sR~red 6y this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principa{ shalt not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hermf or change the amount of
<br />such installments,
<br />t@. Borrower Not Rekmed. Extension of the time for payment or modification of amortization of the sums secured
<br />by this _dortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the lialriiity of the original Borrower and Borrower's successors in interest. Lender shaii not be required to eomtnerrce
<br />proccedings agairut such successor or refuse to extend time fer payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />11. Foriemaacc iy Leader Not a Waiver. Any forbearance by Lender in exerdsing any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shall rent 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 or charges by Lender shall noF be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Ea~me~ea Ctnatlatise. All remed:'es 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• Saceeasms acid Aadgns Bosad; Joint and Several i,iabBffy; Captious, The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shaft inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All envenoms and agreements of Borrower shall be joint and several.
<br />The capttons and headings of the paragraphs of this Mortgage are for ronvenience only and are not to be used to
<br />interpret or defnx the provisions hereof.
<br />14. No~• HxcepPi far any notice required under applicable law to be given in another manner, (a) any notice to
<br />P)oerower provided for in this Mortgage shall be given by mailing such notice try certified mail addressed to Borcawer at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided heroin, and
<br />Cb) any notice to Lender shaii be given by ttrtifkd mail, rerum receipt requested, to Lender's address stated herein or to
<br />such other address as Loader may designate by notice is Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or (.ender when given in the manner designated herein.
<br />JS. Uniform MartgEgr, Gavert~ Law( SeverabiHty. "ibis form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to cotutitnte a uniform security instrument covering
<br />tea! property. This Mortgage shall be governed by the law of the jurisdic€ion in whsctt the Property is located. in the
<br />event that arty provision or clause of this Mortgage or the Note confticis with applicable law, such conflict sha!I not affect
<br />other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and [o this
<br />end the provisions of the Mortgage and the Voce are declared to he severable.
<br />lf. Borrower's Copy. Borrower shall br, furnished a conformed copy of the Kota and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Trarder of cis ).; paw-.,~, it all ar any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lemkr's prior written consent, ezchtdiirg ta) the creation of a ben or rncumbrance 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 !aw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years ar IGCs
<br />not containing an option to purchase, Lender may, at Lender'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 salt ar transfer. Lender
<br />arnl fbe person to whom the PrctpertY is to be sold or transferred reach agrcerrent in writing that the credit of such person
<br />is satisfacaary to Lender acrd that the interest payable nn the sum:, secured by this Mortgage shall be at such rate as Lender
<br />aha6 tegtstxt. If Lender iota waived the option to accelerate provided in fhis paragraph l7, and if Borrower's successor in
<br />interest has executed a wntten assiimptton agrcetnetit accepted in writing by Leader, Lender shalt release Borrower from all
<br />obligations under this Mortgage attd the Note.
<br />If Leader exercises such option to accelerate, [.ender shalt malt Borrower notice of acceleration in accordance with
<br />Paragraph 14 Itxrof. Sues notice shad provide a period of hat teas than 30 days from the date the notice is mailed within
<br />which Boenower.may pay lire sums dxlared dux. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender (nay, Without farther notice ar demand an Harrower, im•oke any remediu permitted by paragraph 18 hereof.
<br />Ntx~t-Ur+ttroast CtntaNettTS. Borrower and Lender furtiMr covenant and agree as follows:
<br />~ ~> Faerpt se presided iu par~rap6 i 7 hereof, upon Borrower's txeacb of say coscaast or
<br />l.GTstr More~e, iacladit; the reveaaals to par wbes doe ~y seisss ~;:s~ by cis y
<br />faiar ~ acctierafies eh8 troll notice to Borrower ffi provldcd to paragrap4 14 hereof spaity~: (1) the Metcb;
<br />(~ tit astie~ re~Irtd a tweae welt ~; 43) a date, ant less dbtis Jo dare from the date the usfke i eatiled to Bereewer,
<br />ii' wiles aUefe irrrtb mist ice emrset+ aaai (<) tltN fsibue to care satb breach oa or 6etore the data rptciBed iu the notice
<br />taMp' rMSIt d rteedaratba K tie star seca~ by tits Mort~e, toreciostre by ludicitl proceedise sad sde of tlu Property
<br />'file a~ttlee ~ hreber Iwfona Borrower a[ Ne ti6it to reinstate after acv°den[toa ra0 the iig61 to ataiert is the tor«l~tre
<br />EL° ~ a a! s dttfassi ar arty oHsie defense at 1lerrower b accekraslsro sad toreclawyre. U ttse txeacb
<br />i. ere rani rte ar before the dace tptr>Etd ~ the notke, Lender ar f.ender's optlta may dee)sre ae of the arias serum by
<br />airB Ae ~ dtee sad payaede witliont farther demand sad ~iy foreclose by jtdittifal proceedlttg, louder
<br />prorett~ ~ sapeaxs of torsdewre, ineltdlaR, bat net timked to, costs of dtrarstentvy
<br />esp. eiiahara aa/ tWa rrpeeY,
<br />~a i~ to 45aerte. Notwitlntanding IVender`a acseieratian of the Burns secured by this Mortgage.
<br />13errawer slmll hteve #ie r~tt iu have any proceedings begun by I.,etxkr to entaree this M1tortgagc diuaminxred at any time
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