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<br />Lender's written agreement or applicable law. Bottower shall pay the amount of al! mortgage insurance premiums in the
<br />manner provided under paragraph 2 hrreof.
<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 Harrower and Lender agree to other terms of payment. such
<br />amounts shall be payable upon rtixice from Lender to Borrower requesting payment thereof. and ;hall hear interest from the
<br />date of disbut•sement at the tact payabk from time ro tune nn 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 />permisabte under applicab"le law. Nothing rnntaintd in this paragraph 7 shall require Lender to incur any expense or take
<br />any nation htreitttder.
<br />8. taspecliaa. 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. CotrdentwaNorr. The proceeds of any award or claim far damages. direct or consequemial, in connection with any
<br />condemnation or other taking of the Property, ar part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />ara shall be paid ro i_ender.
<br />in the went of a total taking of the Properly, the procceds shall be applied ro the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borcawer. in the event of a partial taking of the Property, unless Barmwer and Lender
<br />otherwise agrce in writing, there shall be applied ro the sums secured by this Mortgage such pr portion of the proceeds
<br />as is equal to that proportion which the amount of the sums sec+.ered by this Mortga¢e 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 praeeeds
<br />paid to Borrowe:.
<br />if the Property is abandoned by Borrower. or if. after notice by Lendtr to Barcower that the condemnor offers to make
<br />an award ar settle a claim for damages, Harrower fails to respond to Lender within 30 days after the date such notice is
<br />mail, 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 chic Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monifily installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />18. Borrower Not Released. Extension of the time for payment ar madificaiion of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Harrower shall not operate to release. in anV manner,
<br />the liability of the original Harrower and Borrower's successors in interest. i_tnder shall not be required to commence
<br />proceedings against such successor or refuse to extend time far pavment ar atherw•ise modify amortization of the sums
<br />secured by this Mortgage by reason of an}• demand made b} the original Borrower and Borrower's successors in interest.
<br />Il. Forhearsee try Leader Not a R'aiver. Any forbearance by i_ender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver n! or preclude the e[ercise of any such right or remedy.
<br />The procurcmtnt of insurance or the payment of taxes er other liens ar charges by Lender shall oat be a waiver of tender's
<br />right to accelerate the mstu:ity of the indebtedness secured by this Morgage.
<br />12. Renredtes Ctmalative. .All remedies provided in this Mort¢aee are distinct and cumulative to any other right or
<br />remedv under this Mortgage ar afforded by law or egwn, and may he exercised concurrently. independently or successively.
<br />13. Saceemots atsd Araietrs Houno: Ioint and Sevrrat i_iability: Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder ;hail inure ta, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions at paragraph 1? hereof Ali covenants and .agreements of Borrower shall be joint and several
<br />The captions and headings ~. the paragraphs of this Mangage are far .onvemence only and are not to he used to
<br />interpret or dcfrnt the arovisions hereof.
<br />14. Notice. Except for any notice required under apgltcahle taw to be given in another manner, ta) any notice to
<br />Borrower provided for in this Mortgage shalt he given by mailing sink nonce by certified mail addressed to Borrower at
<br />the Property .Address or at such ether address as Borrower map designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shat) tie given b} certified mall, return receipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate by notice m Borrower as provided harem. Any notice pravidetl for in this
<br />Mortgage shall be dcemed to have been given to Fiorrawer or Lender when given in the manner designated herein.
<br />f5. Utsitorm Mort;tee, Governiwg Faw: jeverahilitg. This farm of mortgage combines uniform covenants for na[ionat
<br />use and non-uniform covenants with limited variations by juri;d:ctum to ronstitute a uniform secunty instrument covering
<br />real property. This Mortgage shall tae governed hf the law of the jurisdiction in which the Property is located. in the
<br />event tha! any provision or clause of this Mortgage cr the Nate conflicts with applicable law, such conflict shall not affect
<br />other pravisions of this Mortgage or the Note which sap be given etTect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the tiara are declared to he severable.
<br />K. Borrower's Copy. Borrowu shall be furnished a con[ormed copy of the Note and of this Mortgage a[ the time
<br />of execution ar attar recordation hereof.
<br />1'r. Traadcr of the Property; Assetmptioa If ail or any part of the Property or an interest therein is acid or transferred
<br />by Borrower witfWUt Lendei s prior written consent, excluding ta) the creation of a lien or encumbrance subordinate to
<br />this Mortgagt, (b) the creation of a purchase money security interest for household appliances, te) a transfer by devise,
<br />descent or by operation of taw upon the death of a joint tenant or (di the grant of any leasehold interest of three years or less
<br />not containing an option to purchase. Lender mav, at Lender s option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lendtr shall have waived such aptian to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to br xld ar transferred reach agreement in writing that the credit of such petsan
<br />is satisfactory to Lender and that the interest payable an tf:e sums secured by this Mortgage shah be at such rate as fender
<br />shaA request. If tender has waived the option to accelerate provided in this paragraph t7. and if Borrower's successor in
<br />inietest has executed a written assumption agreement accepted in writing by Ixnder. Lrndcr shalt release Borrower from all
<br />obligations under this Mottgage and the Note.
<br />if Lender exercises such option to accelerate, i_eeder shat) mail Borrower notice of acceleration in accordance with
<br />paragraph lei hereof. Such notice shall ptovide s period of n~>t 'ass than 30 days from the date the notict is mailed within
<br />which Borrower may pay the sums declared due. If Borrow-er testis to pay such sums prior to the expiration of such period,
<br />Lander may, without further notict er demand en Borrower. ,punka any remedies permitted by paragraph 13 hereof.
<br />Noty-UNtroaw Covt:t•twtsts. Bncrawer and Lender further covenant and agree as follows:
<br />18. Acctkratiao: Remedies. Except as provided is paragraph 17 hereof, upon Borrower's breach of ang• covenant or
<br />rerettaeat of Barroiver is this hkrirtei~e, iectading the covenants to pay when due any sums secured by thin Mortgage,
<br />trader prior fo accekrattioa shah mad notice tv Burrower as provided ie paragraph i4 harlot specifying: (ty Hie breach:
<br />{2) tat aedon rerTuirtd to cure such breach; t3) a date, ant leas than 3i1 days from the date the notice is madwt to Borrower,
<br />h' width atrrh 4rcach aaaat he cured; tad t4) that faHan to run such breach nn or 9tefare the dolt specified in the notice
<br />may ttesalt ht mccetesatlea of the saltless sunned by this 1lorteagc, forerl~arc by Jadir;~ prareeditse and ssie of the Pntperty.
<br />TYs tiCatlrt ahaB Farther ~otm Hvarorrer of the right to retmtate after accekntivn sad [he right to assert is the foreclosure
<br />prbesediae the noes-exidetice of u ~auH or ang other defense of Harrower to acceltratitw and forerfosun. [f the breach
<br />Y uW cared on or hdure Ehe dais specF$ed is the notice. Leader at l.cnder'a option may declare aH of ilu sums second by
<br />thFs ~ to be i~.ec;.w~iy due sad payal>)e without fur(hcr >~ttaand sad mag torecMee 6g Judicial prrxctdiae. Lendtr
<br />ire tvicd ba co~ect is erult proceadioB aB expenses of forecloanra, iariudit~, hot trot HarLted to, costs of dvcumcatarg
<br />avWaarc, ~racri rind tie rtporla.
<br />18. Baxraarctrs RigFd W tititttrtate, "siatwit6standing l..endtr's acceleration „I tfit gums sre:ured h} tlils hlartgage,
<br />Borr[swtr shall hove flit rlEitt to ha+t any prtx:eedings begun by Ls-radet t., ea[orcr: ttti3 ti4ortgagc distantinued at any time
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