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<br />i.endzr's written agreement or applicable law. Harrower shall pay the amaunt of all mortgage insurance premiums in the
<br />mamter 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 />amounts shall t?e payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />dste 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 ro applicable law, in which event such amounts shall bear interest at the highest rate
<br />perntiasible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action herevttder.
<br />8. htgtecdon. Lender may make or cause M he 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 [.ender's
<br />interest in the Property.
<br />9. Coademnatiort. The pr-coeds of any award or claim far dams¢es. direct or consequentiah 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 Barmwer. 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 cams secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the ama. nt of the 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 iL after notice by Lender to Harrower that the condemnor offers to m.ke
<br />an award or settle a claim for damages. Harrower falls to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized 4o collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property ar 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 nr change the amaunt of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time fur pn• moot ar madificatian of amortization of the sums secured
<br />by this Mortgage granted by Lender to any cucecssur m interest of Borrower shall oat operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the °ttms
<br />secured by this Mortgage by reason of any demand made M• the original Borrower and Borrower's successors in interest.
<br />tl. Forbearance by Lender Not a R'aiver. Any farbearmcc by i.ender in csercising any right or remedy hereunder. ar
<br />otherwise afforded by applicable law, shall oat be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of rases ar 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 Mortgage.
<br />1Z. Remedka CumalaHve. All remedies provided in this Mortgage are distinct and cumulative to arty other right or
<br />remedy under this Mortgage or afforded by law ar cyuity. and may he exercised concurrenttV. independently or successively.
<br />tJ. Snccessora wad Aaaigrts Bound; Joint and Several Liability: Capliotts. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure m. 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 faint and several.
<br />The captions and headings of the paragraphs of this Mortgage are fur convenience only and are nut to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, tat any notice to
<br />Horrower provided for in thts Mortgage shall be given by mailing ,uch notice by certified mail addressed to Hormwer at
<br />the Property Address or at such other address as Barruwer nary designate by nc€tice to Lender as provided herein, and
<br />(b) any notice to lender shall be given by certified maih return receipt requested. to Lender's address stated herein or to
<br />such other address as i.ender may designate 6y notice to Borrower as provided herein. :any notice provided for in this
<br />Mortgage shall be deemed to have been given to Barruwer or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Guvernittg Law: Severahility. This form of mortgage comhines uniform covenants for national
<br />use and non-uniform cavenanrs with limited variations by jurisdiction u+ constilutc a uniform security instrument a+vering
<br />real property. This Mortgage shalt he governed hy' the law of the jurisdiction in which the Property is Ic'<:atcd- Ir. isle
<br />event that any provision or clause of this Mortgage or the Nute conllia, with applie:ahle law, ,uch eonfiiet ,hall not affect
<br />other provisions of this Mortgage or the Nola which c;m Me. given effect without the conflicting provision. and to thin
<br />end rhos provisions a[ the hfortgage and the Note see doctored to Ix sever:thle.
<br />16. &srtowtt's Copy. Barrpw~er shall rte furnished :r runfr+rYned copy of the Nato and of this Mortgage :tt the time
<br />of axccutian or after re.:ordatian hereof.
<br />17. i'rtrrt~er tit tt~ ~~-, ArnpLio.r, tf all ar one part of the Prap?r#y or sn interest thzreints sold or transfer roc:
<br />6y Borrower withaui Ixndcr's prior written .utbent, excluding tat the crtatiun of :! lien or cncumbrancc subardtnale to
<br />this Mortgage, (b) the creation of a purchase: money ,ccurity inlcrest For househakl appliances, (c9 s tratufer by deviu,
<br />descent or by operation of law upon the death of a louts tenant or Idi the grant of any Icasehold interest of three years or less
<br />oat containing an option to purchase, lender ntay, at Lender's option, declare all the sums secured by this Mortgage tit tx
<br />immediately due and payable. Lender shall have waived such option a. accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Propt:rty is to bt+ said ur translerred reach agreement in writing that the credit of etch penun
<br />is satisfactory' to Lender and that the interest payable on the nuns secured by this Mortgage shall h at such rate a+ Lender
<br />shall reyuesl. If Lender has waived the option to accelerde provided in this lt:tragraph 17, and it Horruwer's succcssar in
<br />interest has executed a written assumption agreement accepted in writing by Len.ler. Lender shalt release Bc+rrower (rum all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, lender shall mail Borrower notice of acceleration in ecrnrdance with
<br />paragraph 14 hereof. Such notice shalt provide a period of nut Icss than 3H days from the date the notice is nwiled within
<br />which Barruwer may pay the sums declared due. If Burrower tally !o pay such ,ums prior to the expir;rtion of such period.
<br />Lender may, without further notice or demand tin Borrower, utvoAe rut} rcntedics permitted by paragraph IR herud.
<br />Nore-Udtt*oat+f CovsNnrvi&. Harrower and Leader lurthcr roccaant and agree a, lulluws:
<br />18. Acceleratlwr Retaedks. Except as provided in paragraph 17 hereof, upon Borrower's breach rtf nay covenant ur
<br />agreement oI Borrower In Ihb; Mortgage, including the covenuuM to pay Nhen due an} sums secured by this M1tortRage,
<br />lender prbr to accebralbtt shag mail notice to &€rrower its provided in paragraph 14 hereof specifying: (11 the breach:
<br />tZ)!!~ acf3trra ~.tlrrd to cttrc Bitch preach; f}) a data, €€ot les•: the€€ ?N dots fruit thH date the outlet is mailed to steer.:wet,
<br />by wbkb seep tare~b mmi ~ cured: and (4) Thal fa!lure to cure stash breach ors ur before the date specified in the nutire
<br />stray resuB In secekralbn at the sums secured by this Stortgagr, furrclwurr 6y Judicial proceeding and sale of the Property.
<br />The outlet sbtdl fuMber in[orm Born€wrr of the right !u reinstate after acceleration and the right Ht aaserl in the farrctmurr
<br />ptorecdiog tke nun-existence of a detanlt or any other drfettsr of &€rrower fa accrleratit€n turd iurerdusurc. It the ixeach
<br />is not cured an ur before the date sprci8ed iu the notice, Lender at Lender's option may declare alt of tb. sums ucured ha
<br />thbi Mertgagt to be immediately due and payable without further demand and ntay furecluac by judicial pnxerding. Lender
<br />shill be eafkMtd to collect ja such proceedirgl ail expenses of forcclosurr, inrlud{rtg, but nut limited to, casts of duruntrntary
<br />ovidenct, aWttraeK and title reports.
<br />19, itormwet's Right to Rtfauale. Notwithstanding Lender's accelcruuan of the unm secured h} this !vlong,,gr.
<br />Barruwer shall have the right to have any proceedings begun by 1 wader !,+ enforce this Mortgage discunti:urcd at ,tin time
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