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Lender s written agreenteat or applicabk taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided untfet Raragrapfi' 2 hereof.
<br />Any amounts disbursed by Lender pursuant to thin paragraph 7, with interest thereon, shall became additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Leader agree to other terms of payment, such
<br />amornb shall be payabk upon notice, from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disborsement at the rate payable from tithe to time on outstanding principal under the Nole unless payment of
<br />intere~ at such rate would be contrary to applicable taw, in which event such amounts shag bear intermit at the highest rate
<br />permisetbk trader applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur , ,~ expertse or take
<br />atrv action hereunder.
<br />& 1~ecBor: Leader may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonabie cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coraerrraffon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation er 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 Properly, 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 agree in writing, there shall be applies 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 />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of ~h~ proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borcower, cr 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 repair of tfie
<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 />le. 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 commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the soma
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's succors in interest=
<br />il. Forbearar~Y by Larder 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 shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Reraedka Ctsrrhrtive. All 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 he exercised concurrently, independently or successively.
<br />13. 9rceeasaea aN Asdsas Berndt Joint sad Several i3a6Nry; Capthms. The covenants and agreements herei:t
<br />contained shall 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 />The captions and headings of tfie paragraphs of this Mortgage art for convenience only and are not to be 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, (a) 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 designer by notice to i.ender as provided herein. and
<br />(b) any notice to Lender shall be given by certi&d 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 heroin. 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 />1S. Uaitarnr Morttatet Govern l.awt Severa6ilky. `this form of mortgage combine uniform covenants for national
<br />uas and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secur4ty instrument rnvering
<br />real property. This Mortgage shall be governed 6y rite law of the iutisdection in which tits Property is located. in the
<br />evenk that any provision or clause of this Mortgage or the Note cainfliets with applkabk lnw, such conflict shat) not affect
<br />otfier provisions of this Mortgage or tfit Notc which can let given tff~t without the conftieting provision, and to the
<br />end rho provisions of the Mortgage and the Nato are declared to bo severable.
<br />1~. Ifatmwt~ Dopy. Borrower shall be fttrnishtd a cottforrr~l copy of the Note and of this Mortga~ at tht tinx
<br />of ext€utitut or-afar rteordation ttereo€:
<br />17. Ttttoefer of tke Propady; Aarmpdoa. If ail or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (ai the ercatioa of a lien or oncumbnnce subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by davite,
<br />dexront or by operation of law upon the death of a joint tenant or fd) the grant of any leasehold interest of thra years or less
<br />not containing an option to purchase, Lender may, at Lender's option, da:larc all the sums secured by this Mortgage to be
<br />itnmodiatety due and payable. Lender shall have waived such option to aceekrate if, prior to the sale or tranaftr, Lender
<br />and rho person to whom the Progeny is to bo sold or transferred reach agreement in writing that the credit of such person
<br />is aatisfac[ary to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall rogtrat. If Lender has waived the option to acceerate provided in this paragraph IT, and if Borrower's successor in
<br />intuost has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations utter this Mortgage and the Nato,
<br />if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hor+rof. Such notice shall provide a period of not less than 30 days from rho date the notice is maUed within
<br />which Borrower may pay the sums dilated due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender rndy, without ftuthor notice or demand on Borrower, invoke any remedies permitted by paragraph t 8 heroof.
<br />Ngt~t-Utvlroass CovaNeNrs, Borrower and Loader further covenant and agree as follows:
<br />il{. Accoktagart RaaeedNs. Bacept as provHed Ir parttsraph 17 hereof, upon Borrowers broach of say covenant or
<br />t~ of Rarmwer be wM Mortgagt, iacirdixg lira covetearb to pay when tine say soles sectrral by this Morrylage,
<br />iatder pslar to accderat~pr sunk rank notice to Ilermwer m provided is garrteraph 14 hereof specifylret (1} the brcacht
<br />f11D tYe strHara ratNir~ to errs arch hunch; (3) a dMa rot lam tires 30 days from the date the ttotka V mal4cd to Borrower,
<br />Ikt srlrict wcl htrBc- artW 6o creddt anti (4} thwt takrrx to erne sueh 6rearh or ar haters -the data spsviGed is the trtriice
<br />t.~ t hr trecal~rrUor sE-the ears secrrcd by thh Mart~,Ke, foreclasrre by }rattttrl psrN.~eedlrg era ale ~ the Prrperty.
<br />71sI- sgNce eMttM brrlher irtoras borrower et the right to rcireWe alter accekratba sad rho rieEtt to assert is the [oreclattrs
<br />peoeattdhr; ors ~ of a defwp or say outer defwse of Borrewer to accderrtioa anti forechtarre. it the brsaeh
<br />id rtot cxti or or tttesa the state spoci0ed b the suttee. letsder ,t Lendar'a rpiar testy dectue all d the twma secured by
<br />wit to b0 Imasa~y ante era ptryabk without father demand sad may foreclose by }udklal proctedlryl. Leader
<br />a;twwif he tmtlilea to txtkttet 1. ew:r proceadhtg ap eapersec of foreclosrre, itrdttakag, bur tort lhnitad ts, cow el tiocrwentary
<br />•vlrirt.ce. aietraar awl tow reports.
<br />1!, latmwas'a RIB11t fr Rairstrts. Notwithstanding Lender's accekratinn of the sums secured by this Mortgage,
<br />Borrower shalt bava tiro rij}tt to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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