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<br />iztxitr's written agretmarst or applicably law. IJorrawtr shalt pay ere amount of all mortgage i~uranct premivn-xs in if~ts
<br />manner grrnided under parag•aph 2 hereof.
<br />Arty amounts disbursed by Lender pursuan# to this paragraph 7. with inttrtst tlrtrean. si:a>'~ become addiiianaf
<br />indebtedness of &xrower secured by this Morigagt. [Grilse Borrower and Linder agree to other tt*rr~ of pay~,u, such
<br />amiwnts that's be payable upon natter from Lender io Burrower regt;esting payment thereof, and shah bear interest from rite
<br />date a€ disbursement at the rate payab~ from time Yo *.irrre on outstanding prinrpal under the Nate unless pr., .'~+# of
<br />interest at such raft world be contrary to app~ieable taw, in which event such atrtottnts shad bear inYertsi at the higixst rate
<br />permissifsie under applicable taw. Nothing rnntained in this paragraph 7 shall require Lender to incur acy expt:rrse or taky
<br />atry action hereunder.
<br />8. Iragrsetims, Ltndtr may make or cause to be made reasonable entries upon and inspections of fire Property, provided
<br />that Linder shad give Borrower notice prior to any such inspectlan specifying reasanablt cause therefor rotated io L ent~r's
<br />interest in the Property.
<br />9. Cesedeattmtiers, l'he proceeds of any award or claim far damages. dirui ar consequential, in conntctian with any
<br />condtmnation or Sher 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 />trLthe event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the exrxss, if any. paid to Borrower. Tn the event of a partial taking of the Property, unites Borrower and Lender
<br />otherwise agree fn writing, there shaft be applied to the sums secured by this Mortgage such proportion of the proczeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediatety prior to the date of
<br />taking bears to the fair market value of the Property immediately prior m the date of taking, wish fire ba(ance of fix proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Harrower that the condemnor offers to make
<br />an award or settle a ctaim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restorarion or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unites Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shag not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />18. )lorrower Net ltefeased. Extension of the time for payment or madiflcation of amortization of the sums secured
<br />by this Mortgage granted by L.endtr to any successor in interest of Borrower shall not optrau to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. tender shall not be required to comrttence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgagy by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />il. Lrorbatrattee by L,yntkr Not a 1Yalver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pracurtaxnt of imttrttnee or the payment of taxes or other liens or charges by Lender shall rat be a waiver of Lenders
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />]i Itittnsdiq Cis. Atl remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy utr~r this Mortgage ar afforded by law or equity. and may be exercised concurrently. independently or successively.
<br />t3, Strtecesaors end e#adgre Boatel: ]Dint and Several Iaabitity; Captions. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder-shall 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 shall be joint and several.
<br />'14te captions and headings of the pazagraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or deRne the provisions hereof.
<br />14. Notice. Fatcept for any notice required under applicable taw to be given in another manner. (a) any notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by certiRed mail addressed to Borrower at
<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, retain receipt requested, to Lenders address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any Holier provided for in this
<br />Mortgage shalt tee deemed to have been given to Borrower or (.ender when given in the manner designated hereto.
<br />15. Uttitorm Mortgage; Goveraiag Law: Severability. This farm of martgagt combines uniform covenants for national
<br />a.~. a_Rd Hen-in=_fvrm covenants with limit!^d variations by iurisdictivn to cvnsti[vie a uniform security instrument ceverin_s
<br />real pro-oertY. '13tis 1,Sartgage shall 6t governed by the law of the jurisdiction in which the Property is located. in the
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<br />vther provisions of this Mortaase ar the Note which can be given effect without the conflicting provision, and~to this
<br />end ehe provisions of the Mv.tgage and the hate are ,.~ciared to be severable.
<br />la, iorrowsr's tvOpY. i;;orrower shah be furnished a conformed copy of ehe ivote and of #his ivivrtgage at the time
<br />of execution or after recordation hereof.
<br />17. 7`raeofer of the Property; At+sutrtption. If al! ar any part of the Property or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written consent, excluding (a) 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 by devise,
<br />descent or by operation of law upon the death of a joim tenant or (d) the grant of any leasehold interest of three years or less
<br />trot containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Itiortgage to be
<br />imtnsdiately 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 or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable an 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 />obligations under this Mortgage and the Note.
<br />tf Lender extrcists sks:b option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph lot hereof. Such notirt shall provide a period of nut less than 30 days from Fhe date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower fails ro pay ouch sums prior to the expiration of such period,
<br />Lender may, without further notice ar demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />1_tTtix.iJrvrt=ositt Covatv,st~trc, Borrower and tender further covenant and agree as fallnws:
<br />i~ A:.celera'~a; R.me~. Eseep! ~ provk3ed la ~.aragraph 17 hereof, upon Borrower's breach of any covenant er
<br />aRrets~eut of Bttrwwtr let Ibis Mortgage, iaclndlag the covenants to pay when due say sums secured by this Mor~age,
<br />Laadtr prior tg ~ sba8 maB r+otiee to Borrower as provided in paragraph 14 hereof specifying: (1) the breach;
<br />(~ tYs sctiao rsgeirRd @o care such breach; (3) a dste: out lees titan 30 days from rite date the notice is taalled to Borrower,
<br />by wMklt slob 6treach trtaat laAe cared; sad (4) flat faBure io clue such breach on or before the date specified in the notice
<br />ttet(y respN it accddra(ieta of the sari secured by this Mortgsge, forecbsure by jttdictal proceeding and sale of the Property.
<br />'!'Ire shall tstti~z lit Iga3amwtr of tlx r~bt to rei~stsNe after acceleration attd the right to assert fn the foreclosure
<br />the uoaasalsteuce of a default or any other detstrse o! Borrower to accekrafioa and foreclosure. if the breach
<br />kPtas@ eutsA oa ar b~e[ore the daft apecltied in the notice, I.sadu at Lenders optmn may declare aB of the sums secrrred by
<br />Qda Agorte W ht immediately due sad payable without further demand sad mfSy foreclose by judicial proceedlttg. [.coder
<br />tdtall be eetkled to collect Ln snch proceed(ag aU expenses of forecbsure, includhtg, but nut lixtlted Io, costs of documentary
<br />aviience, ahatrtscb a~ ~ reports.
<br />13. )ltersmter's ~t to RelaaEate. Notwithatandtng Ixnder's acctltrativn of the sums secured by this Mortgage.
<br />Borrower shalt have the right to have any proceedings begun by Lender to eaiorce this Mortgage discununucd at an} tine
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