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<br />Lender's written agrcement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall rte payable upon txttice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbnrscment at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate wovid be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissiltie under applicable taw. Worthing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />& ftsapertloe. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Leader shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Praptrty.
<br />9. Coaderntxatloa. The proceeds of any award or claim for damages, direct ar consequential, id connection with any
<br />condemnation or other taking of the Pmpcrty, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />[n the event of a total taking of the Property. the proceeds shall he applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a paCiaf 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 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 Bomowu.
<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 faits. to respond to Lender within 10 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 ar to the: sums secured he this Mortgage.
<br />Unless [.ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due: date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Reksse:d. Extension 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 shat? not operate to release, in any manner.
<br />the liability of the orsginal 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 Baroyver's successors in interest.
<br />11. Forbearaott by Leader Not a Waiver. Any forbearance by Lender in exercising env right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not M_ 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 tiers ar charges by Lender shall not tte a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Slortgage.
<br />12. Remedies Camolative. AEI remedies proiided in this Mortgage arc distinct and crmulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently. independently or successively.
<br />13. Soecrassors artd Assns Bound; Joinl and Several i.iabiliry•: Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt 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 shalt be joint and several.
<br />The captions and headings of the paragraphs of [his eortgage are for cenverience only and are net to he used to
<br />interpret or define the provisions hereof.
<br />tor, ?~?otice. F:cept far env notice required under apnlicable taw to he given in another manner, fa) any notice to
<br />Borrower provided [or in this Mortgage shall he given h}' marling such notice by certified mail addressed to Borrower at
<br />[he Property Address or at such other address as Rormwer ma} designate by notice to Lender as provided herein, and
<br />fft) any notice to Lender shall rte given by certified mail return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate h} notice to Borrower as provided herein. .Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or i.ender when giveq in the ,manner designated hereia~
<br />15. Uniform Mortgage; Governing Law: SeverattBfry. This t`arm of mortgage cQr(tj~itiS uniform covenants for national
<br />use and non-uniform covenants with limited vacations he jurisdiction .o car+stitute 3.upjfp,im security instrument covering
<br />real property. This Mortgage shell be governed h} the law .+f the iurisdicuon?in...which.the Property is located. In the
<br />even[ that any provision cr clause of this Mortgage or the tiote .onflius with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage ar the Note which can t+r given etTect without the conflicting provision, and to this
<br />end the provisions of d;a Mortgage and the Nete are declared to he severable.
<br />16, Borrower's Copy. Borrower :hall he furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution ar after recordation hereof-
<br />17. -::a~f2r oaf the Propxrty; A:~sttnpteon• tf alb ar any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prier s:ritten consent. excluding ++) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, ibi 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
<br />Lender may, at Lender's option, declare all [he sums secured ny this Mortgage to be
<br />immediately due and payable. Lender shalt have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold ar transferred reach a¢reement in writing that the credit of such person
<br />is satisfactory tc Lender and that the interest payable on the sums secured by this Mortgage shalt be at such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided m this paragraph 17, and if Borrower'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 I_ers~r exercises such option to accelerate. Lender hail mail Borrower notice of acceleration in accordance with
<br />paragraph 14 Roelof. Such nonce shalt provide a ported .+f no; less than ;p days from the date the notice is mailed within
<br />which Borrower mac pay the sums declared due. (f Barrexer fe~lc to par such <ums prior m the expiration of such period,
<br />Lender tttay, without further nonce ar demand or. Barruwer..n•.oi.e an}' remedies permitted by paragraph 1 t3 hereof.
<br />Not-IJNlYOav. CovESn:+~rs. torrower and Lender further a+:-euant and agree as follows:
<br />t& Aceteksafura: Remedies. l~sepi as provided in paragraph t7 hereof, upon Borrowers breach of any covenant or
<br />~~,=?twat of I~rr$wer is toes M1#orr~a~r. including the ,us enareta iu pa_, tsGen dttr. one sums secured by then IVlortpatte,
<br />Lender prior to arrekration shall coat! rwtice to Borrower as provided in paragraph 14 hereof specifying: tl) the breach:
<br />f21 tke ~tksn required to cleat sttrh btrearh: 13f a date. cwt less than W days from [hr date the notice is malted to Borrower,
<br />by which ~h breach mt~! be cured: and (O)ther failure to rare such breach no or before !fie date specified in the notice
<br />may reauit is accerleratioa of the sum! secured by this 4torfgage, foreclosure by judicial proceeding and sale of the PropeAy.
<br />'the notice sbdl frttber iaforat Borrower of tht right to reimtate after acceleration and the right to assert in the foree:lastut
<br />- proceedLg the non-ex~enre nt a default nr any other defrrtsr of Borrower to acceleration and foreclosure. If the breach
<br />~ apt etsred on oe before the date specified In the mrtice, Lender at i.euder's option may declare all of the sores secured br
<br />ibis 14Setttgatit to he iarmediatety due earl payable without further demam! and rtwy foreclose by judieiai proceeding. [.ender
<br />xbaB At eatbled #o cotket ea such pretceedir~ aU expenses of foreclosure, includhng, but not limited to, cases of docurneatary°
<br />avideMe, abatrarts earl tick reports.
<br />lt}. Harrowers Ripi:t to Rcirnttate. '~utw NRstandrng tender's ac ceierauon of the arms secured by this Mortgage.
<br />[alcrrrvm~t shall Rave tRe right ru ha:'t any pruceedmgs begun Rv- Lender t•~ rnfut`re thts R9 ortgage discanhnucd at unv ume
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