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agreeme~t or appliable la~r. BorroMer shall pay tbe amount ot all mortgage insurance prewiums in the msnner provided
under paragraph Y hereoE.
Any amounts disburxd by Lender punuant to this puagnph 7, with incerest thercon, slull become additional I~-
debtedness oi Borsower sccured br this Mortgage. Unleu Borrower and Lender agree to other terms ot payment. wth
amounts sbaU be payable upon notice Irom Lender to Borrower requestina payment thereo[. ar~d shaU bear interat trom
tht date of disDurseme~t at the nte parable tmm tlme to time on outstanding principal under the Note unleu payment
oI iaterest at wth rate ~rould bc contnry to appliable la~r. in rvhich evenc wch amounu shall beu interest at the highat
nte peanissible under applipble law. Nothing contained i~ this patagraph 7 s6a11 require Lender to i~cur a~p txpense or ~
~~r ~~uoA n~na~.
8. Io~pectioa. Lender mar make or ause to be iaade reasonable entria npon and inspections ot the Property. pra
vided that Lender shall give Borro~ver notice prior to any wch inspection apecitring msonable uuse therefor related to
Lender"s i~terest in the Property. .
9. Condaanatioa. The proceeds oE any award or claim tor damaga. direct or rnnsequential, in connectan ~rith sny
condemnata~ or ocher taking ot the Property. or parc thaeoE. or tor rnnveyana i~ lieu o[ rnndemnation. are hereby ar
signed and shaU be paid to Lender:
In the event o[ a total taking o[ the Property, the proceeds shall be applied to the wms secured br this Mortgaqe,
with tht excas. if any. paid to Borrower. In the event of a partial taking oI the Propeny. unless Borrower and Lender
othmrise agree in ~rtiting. there shall be applied to the sums secvred by this Mortgage such pmportion ot the procteds
as iseq
wl to that proponion .~rhich the amount oE the sums sccured by this Mongage immcd'utely prior co the date of
takir~g bean co the fair market value o[ che Property immediatelr prior co che daa oE eaking, rrich che balance oE ~he pro-
ceeds paid to Borro~rer.
lf the Propaq is abandoned br Borro~rer. or iE, afcer notice by Lender to Borrower that the rnndtmnor of[ers to
make an arvud or setde a claim for damaga. Borrower hils to respond to Lender rrithin 30 days a[ter the date such notice
is mailed. Lendtr is authorittd to mUect and apply the procee@s. at Lenda's option. either to ratontion os repair o[ the
Property or to the sums secvred br this Mortgage. - ~
Unlas Lendet and Borro~rer otherwise agree in writing, any wch application of praeeds to prinapal shall not actend
or postpone the due date oE tht monthly installments reEecred to in pangraphs 1 and 2 hereof or changr the amount of
wch imtaWneats. ~ -
10. Borr~ower Not Reka~ed. Extension ot the time for payment or moditication o[ amortizadon oE the sums ~ecured
by this Mortgage granted by Lender to any suueasor in interac of Borrower shall not operate to release. in any manner.
the liability o[ the original Borrower and Borrower's waasors in intemt. Lender shall not be required to rnmmence
proceedings against wth successor or refuse w extend time !or payment or otheraise modity amortiution •oE the sums se-
cured by this Mortgage by rtason ot any demand made by the original Borro~ver and Bomower's wccason in i~terat
11. Forbaranoe b~ Lendtr Not a Wai~a. Anr forbeannce by I.enda in exercisiog any right or t+emedy hereunder.
or otherwise a[forded br applicable law. shall not be a waiver o[ or preclude the exercise of any such righc or remedy. The
procurement of insurance or the payment o[ taxes or other liens or cturges by I.ender shall not be a waiver oE Lender's
right to accelente the macuriqr of the indebtedness secured by this Mongage.
lY. Remedia Q~multti~e. All remedia provided in this Mottgage are distinct and cumulative to any other right or
remedy under this Mortgage or atforded by law or equity, and maY be exercised concurrently, independently or wccasively.
13. Suocero~s and Auigns Bound; Joiat and Se~eral Liabt'liq; Captions. The. co~enants and agretments herein
contained shall bind. and the rlghts hereunder shall inure to. the respective wccesson and assigns of I.ender and Borrowet.
subject to the provisions oE pangraph 17 hereof. All mvenuus and aqreements ot Borrower shall be joint and several. The
pptions and headings oE the pangnphs oE this 1liortgage are (or convenience only and ue not to be used to interpret or
de[ine the pmvisions hereof.
l~. Notioe. Faccept Ior any notice required unda applicable law to be given in another manner, (a) any notite to
Botrorver pmvided for in this Mortgage shall 6e giaen by mailing wch notice by cer~i[ied mail addressed to Botrower at
the Property Addras or at such other address as BorroNrer may daignate by notice to I.endet as provided herein. and (b)
I any notice to Lendv shall be gi~en by cettified mai1, retutn receipt requested. to Lender's address stated herein or to such
! othtr address as Lenda may designate by notice to Botrowet as provided herein. Any notiee pro~idcd Eor in this `fongage
~
E shall be deemed tn have M~en ~iven rn Rnrro„r~ nr [~ndt• •••h~r o wR in ~}!t ~t,•t•• 3••.b a•••~ w~'ti~.
I
{ 15. Unifoim Mortgage; Govetning Iawr; Se~erabiliq. This form of mongage combines uniform rnvenants for na-
tional use and non-uni[orm m~enants w+ith limited ~~ariations by jurisdiction w mnstitute a unitorm security instrument
co~•ering real property, This htortgage shall be governed by the larv of the jurisdiction in which the Property is located.
In the tvent that any provisidn or dause o[ this Mortgage o~the 1~•ote mn(licu with applicable law, such conflict shall not
af[at other provisions of this Mortgage or the Note which can be given ef[ect without the conflicting provision, and to
this end che provisions of che «Ortgage 3nd the Note are dedared co be severable.
16. Borro~rer'a Copr. Borrower shall be furnished a conformed copy of the Note and of this ~tortgage at the time
of ezecution or after mordition hereof.
17. Trander of tbe Properq; Aawimption. If all or any part of the Property or an intetest therein is sold or trans-
ferred by Borrower withouc Lender's prior writcen rnnsent. excluding (a) [he ueation of a lien or encumbnnce subordinate
w this :liortgage, (b) the c7ation of a_ purehase monep secnritp interest for household appliances. (c) a transier by devise.
descent or by opention of law upon the death of a joint tenant or (d) the grant of any leasehold interat of three yeus or
less not tontaining an option to purchase, I.ender may, at Lender's option..declare all the sums secured by this Atortgage to
be immediately due and payable. Lender shall have waived wch option [o accelente i(, prior to che sale or transfer, Lendet
and the person to w~hom the Property is eo be sold or trans[erred reach agreement in writing that the credit of wch person
is satisfaceory to Lender and that the intetest p~yable on the sums secured by this Mortgagr shall be at such rate as Lender
shall tequest If Lendet has rvaived the option to accdente provided in this paragraph 17, and it Borrorver's successor in
interest has acecuted a~vritten assumpcion agreement acapted in writing by Lender, Lender shall release Borrower from
all obligations under ehis 1?torcgege and the Note.
If Lendrr e~cercisa such option to accelerate, Lender shall mail Borrower notice oE acceleration in a«ordance with
~ paragraph 14 hereof. Such notice shall pmvide a period of not leu than 30 days (rom the date the notice is mailed within
which Borrowa tnay pay the sums dtclared due. If Borrower fails to par such sums prior to the expiration o( such period,
I.ender may, w+i[hout further notice or demand on Borrower, incoke any remedies permitted bq paraqraph 18 hereof.
NoH-UxtFaea~ CovEtr~-rs. Borwwer and Lenda turther rnvenant and agree as follows:
18. Aoaleration; Remediet Fsoept as provlded in patagraph 17 Lertof. npon Borrrn?ds brach oE an~ rnvenant or
a~ranent of Bo~m~ra in this Monga$e. including tLe oovenants to pa~ ~?6en due an~ snms ncvred by this Mortgage,
I.ender prior w aooekncion a6a11 mail notice to Bortower a~ provided in paragraph 14 hercoE specitying: (1) t6e bnexh;
(2~ the action n~ired to aue wuh bn~ch; (3) a date. noc ks than 30 dap from che date the nocice is mailed co Bormau.
b~ whicL wuh br+each musc be cvr+ed: and (4) that failnre w cure s~ brrxh on or before ehe date spcci[ied in the notict mar
result in aaoelaation oE the auns ucured b~ this Mortgage. forecloau+e b~ judiaal proceeding and de oE tbe Propaq. The
nociae ~6a11 funher iniarm Borro..er oE the righc co reinwee afcer aocYkncion and e6e r;ghe to aaere in the foteclosure
pmceedins the non~ezi~tenoe of a deiault or w~ other defease oE Borru~?er w uaeleration and Eoreclaune. IE the breach is
not a~red on or beEore tLe date specitied in the notioe. I.eadet ac I.ender's option may dedare all of [he sums ucvred b~ thb
Mo~t~ge to be immedlatelJ due and papble withont Eurther demand and ma~ [orccloae this Matgage bJr jodicial proceed'
iua. I,ender ihaU be entickd to oollect it~ mch proceeding ail e:pewa of [oreclaure. including. bnt not limited to, traron-
able accorneJ~s fees. and oosta of documenury evidenae. abitracu and citle rrports,
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