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<br />Lender's written agreement 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 additions!
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other te[ms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from 4he
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />arsy action hereunder.
<br />8. he~ectlon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />?hat [.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cotedemtntdon. The proceeds of any award or claim for damages, direct ur consequential, in connection with any
<br />condemnation or other 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 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 event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agrce in writing, there shall be applied ro the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of *.he 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 Bettie a-clii~m~r-dainages, borrower Tat1s to rbspiind toLender within-3~ daVS after the date such notice is
<br />mailed, Lender is arrthorized to rnllect and apply the proceeds. at Tinders option, either to restoration or reoair of the
<br />Property or to the sums secured by this 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 monthly installments referred to in paragrzphs l and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Reteassed. 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 shall not operate to release. in any manner,
<br />the liability of the original 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 original Borrower and Borrower's successors in interest.
<br />11. Forbptaaee by Lender Not a Waiver. Am forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of ur preclude the exercise of any such right or remedy.
<br />The procurement of inuurance or the payment of taxes or other liens ur charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtednes secured by this Mortgage.
<br />12. Remedies Crtmalatlve. Al! remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by !aw or equity, and may be exercised concurrently. independently or successively.
<br />13. Sucersaors sled Assigns Bound; Joint and Several I.iabtlr'ty; Capdoos. The covenants and agreements herein
<br />contained shall bind, and the rights herec~der shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of pazagraph 17 hereof. Al[ covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the pazagraphs of this Mortgage are far converience only and are nut to be used to
<br />in£erprct or define £he provisi^-- hereof.
<br />14. NoNee. Except for any notice required under applicable taw ro 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 ai
<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 to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by 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 given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law; Severab0ity. This form of mortgage combines uniform covenants for national
<br />use and trop-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the taw of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Nate 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 be severable.
<br />16. Eotrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 7Yamf[x of the Property; Assumption, If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's print written consent, excluding (a) the creation of a lien or encumbrance subordsnate 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 (d) the grant of any leasehold interest of three years or less
<br />not wntaining 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 sale or transfer, Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request, If Lender has waived the option to accelerate provided in 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 />obiigatioas 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 provide a period of net less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Borrower (ails ro pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke say remedies permitted by paragraph I8 hereof.
<br />Ntxv-Uxrtoarf CoveNarrrs: Borrower and Lender further covenant and agree as follows:
<br />1& AccektNion; Remedies. Except as provided is paragraph t7 hereof, upon Borrower's breach of any coveaaat or
<br />agreemeet of harrower in this Mortgage, including the coveuaWs to pay when due any sums secured by ibis Mortgage,
<br />I.endcr prior to acceleration shag toad tmtice to Borrower as provided io paragraph 14 hereof specifying: fl) the breach;
<br />(E) the action regtdred to cure such breach; (3) a date, not tern than 30 days from the date the police k maBed to Borrower,
<br />Dy whleh arch bresch mast he cored; and (4) that failure to cure such breach oa or before the date specified in the notice
<br />may result is accekratlon of the Burns secured by this Mortgage, foreclosure by Judicial proceeding and sale o[ the Property.
<br />'She tto6lce shell farther inform harrower of the r~ht to reinstate after accekratioo and the right to assert in the foreclosure
<br />proseedlgg ~e goat:ipance of a default or any other deiettse of Borrower to acceleration and foreclosure. if the breach
<br />is trot eared oa or boon the date specifkd ig the notitt, Lender at Lender's option may declare ill of the sums secured by
<br />this Mortgttgt to be immediately drs aced psyaWe without furl6er demand anti tteay foreclose by judicial proceedistg, Lender
<br />sWdl 6e entitled to collect In sorb proceeding aU expenses of foreclosure, incindhtg, hot not IimNed to, corts of documentary
<br />evide&ce, trbNracb and tick reports.
<br />19. lasrawer's Right to Reinstate. Notwithstanding Lender's aeceieratton of the sums secured by this Mortgage,
<br />Borrower she!! have ttre rfgl[t to have any proceedings begun by lender [u enforce this Mortgage discontinued at any time
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