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aateement or appliuble la~?. Borrorrer shall pay the amouat ot aA mortga~e inwrana premlumi in the a?anner provided
under patag~sph Y hereof.
Any saaunu disbuned by Lcnder purwant to thi~ patagraph 7, with interest thercon, shall becwne addItional in-
debtedneu ot Bocrorver ucured br this Morcgage. Unka Borrower and Lender agree to other terms ot payment, wch
atnounts sdaU be payabk upoo twtice trom Lender w Borro~rer requtuing payment thereof. and shaU beu intaat h~om
~ht date oE disburument at the nte papable froaa time w time on outuar~ding principal under the Note unku papa~e~t
o[ interat at wch rate would bc m~tnry to applicable law. in which event wch amounu shaA bear i~terest at the hiahhest
ntc permissibk uader appliable law. Nothing contained i~ this paraaraph 7 shaU rcquire Leader to iocur anr acpe~ue or
uke anY action hereunder.
6. Inrpection. I.ender mar make or ause to be made reasonable entrid upon and irupections ot the PropatY. pro-
vided that I.ender shaU -give Borrower notia prior to a~y sach inapection apecifying reasonable uuse there[or related to
I.e~der': iaterest in ehe Propaty.
9. Coudemwtioo. 'The proceeds ot anr aw+ard or claim tor damaget,,, direct or eonsequential. in con~ection ~?ith any
mndemnation ot other takina o[ the Property. or part thereof, or tor rnnveyaoce in lieu oE condemnation. are heseby as~
signed and shaU be paid to Leader.
ln the event of a toal taking of the Propeny, the praceeds ahaU be applied co the sums fecured b~ this Mortgage.
with the access, iE anr. paid to Borro~rer. In the event of z psrtial taking of the Properq. unleu Borrorrer and Lender
other~vise agrce i~ ~rriting. therr s1uQ be applied to the sums secured br thia Mortgage wch proporcion. o[ the pmaedi
a3 is equal to t6at proportion ~rhich the amount oE the wau setured by this Mongage immediately prior to the date of
aking bean to the Eais markec value oE thc Properq immediatety prior to the dace oE taking. ~rith the balance oE thc pro-
ceeds paid to Botro~?er.
I[ the Propaty u abar~doned by Borm~rer. or if. afcet notia by Lender to Bono~rer thac che oondemnor o[frn to
make an a~vud or setde a claim for damaga. Botro~rer fails to rapond to Lender within 30 days atter the date wch notice
i: mailed. Lendec is authori~ed to mUtct and applp the procecds, at Lender's option. tither to tatontion or repair oE the
Property or to the sums secured by thu Mottgige.
Unkss Lenda arid Borro~rer otherwise agree in ~vriting. an~ wch appliation of praeeds to ptincipal shall not eutend
or postpone the due date o[ tl~e monthly installm~nts reEetred to in puagnplu 1 and Y hereof or change the amount oE
:uch installmeau.
10. Horroner Not Relea~ed. Extension of the time for parment or modi[intion oE amonization of the sums iecured
by this Mortgage grinted br Lendet to any suooasor in intereu of Bomower shalt not'operate to release. in any manner.
the liability oE the original Borrower and Borrower's suoceuors in inceresc. Lender s6a11 noc be requind to commenoe
proccedings against wch sucoessor or re[tue to extend time for payment or other~vise modify amortintion of the sums se-
cured by this Mortgaqe by reason of any demand made by tht original Borrn~vet and Borro~ret's suaessors in intera~
11. Forbearanoe b~r Lender Not a Wa~rer. Any forbeannce by Lender in exercising any right or remedy herennder.
or other~+ise a(Eorded by appUcable law. shall not be a~raiver ot or preclude the exercise of any such right or remedy. The
procurement oE insur~nce or the. payment oE taxes or othtr liens or cltarges by _Lender shall not be a w+ai~~er of Lendds .
right to accelerate tlie maturity of the indebtedness secvsed br thu Moregage.
1Z Ranedia GLmulati~e. All remcdies provided in this Mortgage ue distinct and cumulatire to any other tight or
mnedy under chis Morcgage or atforded by law or equicy, and may be exercised mncurnntly, independendy or succGssivdy.
13. Suooa~o~s and Aadgnr Bound: joint and Se~eral I.iabiliry; Captiona. The mvenanu and agreemenu haria
mntained shall biad. and the rights hereunder shall inure w, the rapective wccessors and usigns of I.ender and Borrower,
subject to the prorisions o[ pangraph 17 hereoE. AU oovenants and agreements oE Borrower shall be joint and several. The
capeions and headings of the pangraphs of thia Mortgage are tor oonvenience only and are not to be used to interpret or
define the pmvisions hereof. ~ '
14. Naia. Except [or any notice required under applicable lavr to be given in another manner. (a) any notice to
Borrower ptovided for in this Mortgage shall be given by.mailing wch notice br certified miil addresxd to Borrorver at
the Property Addras or at such other address as Borro~rer mar daignate by notice to Lender as pmvided herein. and (b)
any notice to Lender shall be given by ceniEied mail, return receipt requtued, to Lender's address stated herein or to ~ch
other address as L.ender maJr daignate b~r notice to Borro~ver u provided haein. Any notioe providcd [or in thu ~iortgage
I'i ahall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
~ 15. UniEorm Mort~aae; Go~aaiaa Ia~r; Se~etab~iq. This [orm of mortgage wmbina uniEorm oovenants for na-
I tional use and non-uniform oovenants with limited variations by jurisdittion to mnstiwte a uniform security instrument
~ coxering rtal property. This Mongage shall be g~ovemed by the law oE the jurisdiaion in which the Property is located.
In the event that any pmvision or dawe of this Mortgage or t6e Note conflicts with applicabte law. such conflict shall not
a(fect other provisions of t6is Mortgage or the Note which tan be given e[Eect without the conQicting provision. and to
~ this end the provisiona of the ~~ortgage and the Note are declared to be stverable.
~ 16. Dorrowei's Cop~. Borrower shall be (urnished a con(ormcd copy of the Note and of chis ~tort~ge at the time
of rxecution or a[ta recordation hereof.
17. 'hamEer oE the Projxrty; A~~mpcion. If aU or anr part of che Property or an interrst therein is wld or tnns-
ferred by Borrower withont Lender's prior writtem m~sent, excluding (a) the aqtion of a lien or encumbrance subordinate
w this 1ltortgage, (b) the cration of a purchase monep seturity interest for household appliancYS. (c) a transfer by devist,
dexent or b~r operation of la~r upon the d~ath of a joint tenant or (d) the qnnt of any leaxhold intercst of three pears or
las not containing an opcion to purchase, Lender may, at Lender"i option. declare all the sums secured by chis 1ltongage to
, be immediaeelp dae and payable. Lender shall have waived ~ch option to accelerate iE, prior to ehe sale or transfer. Lender
and the penon to ~vhom the Property is to be sold or tnnsterred rach agreement in writing that the credit oi such penon
" u saeisEaccory to L.ender and that the interest payable on the sums aecured br this 111ortgage shall be at such nte u Lender
stull rcquat If Lendet hu waived the option to aaelente provided in this paragraph 19, and iE Borrowa's snccasor in
interat has acecuted a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from
aU obligations under this Mortgage aad the Note.
If Lendet aercises wc6 option to aaelente. Lendet shall mail Borrotvet notice of acteleration in aaotdance writh
~ pangraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the nocice is mailed within
~ ~?hich Borrower may pay the wms declued dua If Borro~rer fails to pay such sums prior to the expiracion of such ptriod.
~ Lender mar, writhout turther ~.otice or demand on Borrower, invoke any remedies permicted by paragnph 18 hereof.
Nox-UxtFaw Covrxerris. Boim~?er and L.ender furthrr covenant and agrce as follows:
18. Aooelention; Ramedia. Fsoepc a~ pro~ided in paraaraph 17 Lereof, npon Bo~rn~rer'a brach of an~ oo+enant ar
agrermeac of Borro~?er in this Mortaage, including tbe oarenanu w pa~ when doe an~ ~ms ~cumd b~ this Morcgaae,
I.eadtt priot w aooeletat~n ~6a11 ma~ notioe to Bort~o~+?er as pro~ided in parrgraph 14 Meof specifring: (1) tbe breach;
tLe sccion required [o cure wuh btrach: (3) a dace, not Lew ~han 3A dars from tbe date the no[ice is mailed eo Borrower,
b~ wbich wu6 breach mu:t be cu~+ed: and (4) tLat failure w wre wch breach on or before ~e dace specified in ~he notice ma~
temlt ia aooeleration oE tLe w~ms xwred by this Mortaa~ ~toreclowre bp judicial Pmc~edi°8 and de oE the Prupert~. 'I'6e
nocioe rLall Eurtber infam Borro~rcr. oE the righc to reinwce afca acoda~ation and tbe righc w aserc in cbe fomlowre
piooeedina tLe noa~i~eenoe oL a detanlc or any other ~*eEeoie of Borro~rer w aooele:ation and EorcrJo~un. IE the breacb i~
not cur+ed on or before the date ipecified in the notice. I.eadet at I.enda'a option ma~ dedu+e ail of the wms ieaurd b~ tL»
Martsaae co be ~mediatd~ due and pa~abk ~?idwnt fwtber demand and ma~ Eoreclwe th;s M°rcB=8~ b7 l~~ P~~-
in6. I.ender ihall be mtieted w oollece in wcL prooceding ap e:penaa o[ foredowue. induding. bnc not limiced eo, rearun-
abk attorneYs Etes~ and cats of documeatary e~idenoe. abprxts and titk nparts.
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