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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 additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />=_mounts shall be payabk upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />infertst ae such razz would be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />permiasibk under applicable law. Nothing contained in this paragraph 7 shalt require Linder to incur any expense or take
<br />any action hereunder.
<br />8. fs~ection. 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 sptcifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim far damages, direct ar consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof. ar for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In tbe event of a total taking of the Property. the proceeds shall be applied eo 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 agree in writing, there shall he 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 immediateh• prier to the date of
<br />taking bears fo the Fair market value of the Property immediately prier to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If fire Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor afters to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is aeiil-tart-cw' Y caliat and 'v the ^ceeds, at Lender ~ nntinn, either to restoration or repair of the
<br />app,- pr.,
<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 paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modificarion of amortization of [he sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt 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 commznce
<br />proceedings against such successor or refuse to extend time for payment or otherw-ise 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 />ll. Forbearance by Gender Not a tiYoirer. Any forbearance by tender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shalt no[ tre a waiver of ar 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 not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this 3ortgage.
<br />12. Remzdies Ct~alatlre. All remedies provided in this Atorteage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. aid may be exercised concurrently. independently or successively.
<br />t3. Saecessors and Astdpts Bosod; )Dint and Several L'rab0ity: CapNoas. The covenants and agreements herein
<br />contained shall bind, and the rights hereeadei shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. .41i covenants and agreements of Borrower shat! be joint and several.
<br />The captions end headings of the paragraphs of this Mortgage are far convenience only and are not to be used to
<br />interpret or define the proviso°-- hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, fa) any na[ice to
<br />Borrower provided for in this Mortgage shall be giver. by mailing such noticz by certified mail addressed to Borrower at
<br />the Property Addttss or at such other address as Borrower may designate by notice fa Linder as provided herein, and
<br />(h) 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 Lender when given in the manner designated herein.
<br />I5. Unifarra Mortgage: Governing Law; Severatdlity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with timi[zd 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 Noce conflicts with applicable law, such conflict shall not affect
<br />ether provisions of this Mortgage ar 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 dzctared to be severable.
<br />Ili. Borrower's Copy. Borrower shall be furnished a cor.[ormed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Ttr~er of flee PrseFerty; Assumptive. If all ar any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding ta) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer try devise,
<br />descent or by operation of law upon the death of a joint tenant or (dr the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, (snder may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable I~nder shall have waived such option ur accelerate if, prior to the sate or transfer, Lender
<br />and the person to wfiom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Linder and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />aha(1 regtxst. 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 />obligations under this Mortgage and rite Note.
<br />If Ltttdcr exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance wieh
<br />paragraph 13 hereof. Such nonce 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 tine- It Borrower fails ro pay such sums prior to the expiration of such period,
<br />Lender tray, without further notice er demand on Borrower, rnvoke any remedies permitted by paragraph ig bereof.
<br />NoN-Unr[>•ottM Covexervrs. Borrower and Lender further covenant and agree as fol{ows:
<br />18, Acetkrubn: R:tned6es, Fscc;t ~ provided &t pusgraph I7 hereof, upon Borrower's breach of any corettaat or
<br />astaeaxat of Harrower he Chic MortiatRe, facludiag the covenants to pay whoa dtce any sytetes secured by this Mortgage>
<br />I,asdcr trlar fu teccekratloe sbn6 mail notice to Borrower as provided in paragraph 14 hereof apecifyieeY: (1) the breach;
<br />(2) the segos rege~ei to amore sash breach: (3) a due, not Teas than 311 days [rpm the due the dotke k mailed to Borrower,
<br />by wiwrle se~rh lrtesrcit tsrsu be cvnd; sad (4) that failure to cure such breseb ve or before the date specified in !be notke
<br />eery resaH V aecekralbs of Nee sstm secured by thie Mort ate, foreclosure by jadiciai proceeding and sale of the Froperty.
<br />The tsotke ttbaB fartleu inform Borrower of the right to rehtstue after accekratioo sad the right to assert is the for+eclasurc
<br />OroeeedirK ~e sos-exittteaee of a d~anh or say other tkfeme of Borrower to accekratios and toreclosuR. If the breach
<br />1R sot raved oa or betorc 66t daft specited Fa the tatice. Deader •t Leader's optfoo e»ay declare teU of flee sums secured 6y
<br />tkds Mme to be lavetd~ely tits tmd psyabk without further deaesnd sad rosy fomlose by jndiatia[ proceedfag. Leader
<br />rhsB 6e wed to caBeet Tat sash p-oceedlag aB expeenes of foreclosure, inclodiog, but sot Umited to costs of dacameatary
<br />rrl4eatce, abstract ssd tltie rt;wrts.
<br />14. Baterowaa's Rf~t ~ Relaatait. Natwithsaandrng t_endrt's acccizrahcrn of ?hc sums secured by this Mortgage,
<br />Bcrrrowcr shall have tht r(ght to have any prt,cecdings txgun by 1-ender t,= enfotcr thrs Atartgage dizc~mtinued at any time
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