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<br />Leader's written agreemen? m appCrcabk law. Horcowtr shall pay the amouttt of apt mortgage insisratm premiums in tbe
<br />manner provided uar~r paragraph 2 heretsf.
<br />Any arrrotints disbursed by Lender pursuant to this paragraph 7, with interest thenyon. shall bec;rms additional
<br />ins{cbtedrxss o€ Borrower secured by *.his Mortgage. Unless Borrower and Lender agra to other terms of payment. srtrh
<br />amounts shall be payable upon notice from Lerner to Borrower requesting payment €her~f. and shall bear Interest from the
<br />dots of disbursement at the rate payable froth time to time an outstanding principal under the Noss unfeas pa;: •:-^t of
<br />fnteresY at si:Ch rate wou{d be contrary to applicable taw, in which event such amounts shall bear interest at tht highest .ate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur arty ezpertse or take
<br />aaq attioa hereunder.
<br />R Ls)etlion. Lender may snake or cause to be made reasonable entries upon and inspations of the Property, provided
<br />that Lender shall glut Borrower nmice prior to arty such inspection specifying reasonable cause therefor related to Lenders
<br />interest in the Property.
<br />9. Coedewnatlon. The proceeds of any award or claim for damages. direct or consequential, in tonneMion with any
<br />condemnation or other flaking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />1n 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, t€nless Borrower and Lender
<br />otherwise agree in writing, there shad 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 />caking 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 Borcoweq or if, after notice by Lender to Borrower that the condemnor offers 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 authorized to collect and apply the proceeds, at Lender's option, either to restoration or rrPair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borcower otherwise agree in writing, any stick 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 />1®. Borrower Not Released. 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 comtner€ce
<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 origins! Borrower and Borrower's successors in intends.
<br />Il. Forbear>aee by Tinder Not a Waiver. 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 procurement of insurance or the payment of taxes or other liens or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedka CtmrWhe. Ail remedies provided in this Mortgage are distinct and cumulative 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. Sreceasors sad Aataiges Booed; Joint and Several 1,iablNty; Captions. The covenants and agreements herein
<br />contaitted shall bind, and the rights hereunder shall inane 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 />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used fo
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, ter) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified 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 6y 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 dcemed to have been given to Borrower or (.ender when given in the manner designated herein.
<br />1S. UnBorar Mortgage; Governing Law; Severab8ity. This form of mortgage combines uniform covenants for national
<br />use and tton-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage err the Note conflicts with applicable law, such conflict shat not affect
<br />other provisierts of rhis 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 tie severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after retardation hereof.
<br />19. Trars[er of the Property; Assmption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or epcumbrance 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 deaeh of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not containing 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 sate 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 IT, 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 attd the Note.
<br />If Lender czcrcises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph t4 hereof. Stich notice shall provide a period of not lea than 30 days from the date the notice is mat7ed within
<br />which Borrower may pay the sums dxlared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nox-U*nroa€~t Cova€vexrs. Borrower and Lender further covenant and agree as follows:
<br />lta ACeeiaaBar Baaesdks. 1Racept as providN io paragrpY IT hereof, upon Borrewer's breach of any covenant or
<br />a~nsw.ertt of Borrower i• this MorlpBe, iscludisB the covenants to pay when due asy sums secured by tbla Mort~e,
<br />I.erdelr paiorr to aceeleratiar ldmY asail entice to Borrower as provided in parst<nltlt 14 hereof apaxifylsg: (1) the breach;
<br />(2) tie pe/iop ra~pired to erne arcY breach; (3) • date,-not tras flan 30 dip s [rotr the date the notcee is mailtd to Borrower,
<br />by. wild arcs preach caret ba crre~ and (4) that faYrre to erne such breach w or before the date specified in the notce
<br />awq rapk U accdapHrir of the srrrs sectrred by this Morlgat•e, ioreclowre by jrdkial proteedie{ and sale of ibe Property.
<br />Tho nadae aYaB trrtiar bdorw Bwrewer of the rl`6t to rebwiNe after acceloralba and the right to assert it the foreclowra
<br />p€taeaad4aE the aar.eaileaca of a dafatrk or .spy otbsr defearta of Borrower to accekratiaa aad_ Eoreclaarrtti R the breach
<br />.B sot crrad or or before tln date spaci6ad ip the rotka, lsader at Leadu's optiat may declare aU of the sums secured by
<br />tYrt MNtpge to be irwadialoly dre aai payable wWwut farther demand sad may for+echtee by judicW proceediut[. lender
<br />sWI ba eaUllei ro collect is arch proteedlr{ all experaxs of foreclawre, iaelydlr{, bat not Urdted to, costs of docraaertary
<br />erle~cre, abrtracM sad iWe roporY.
<br />ill. Borrower's RIBYi to litobratata. Notwithataading Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any tithe
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