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Leade~`s writtea agroement or spplicsbb kw. Hott+oww shall pay.the a~nount at aU aanaage iasuranoa premium~ ia tbe s
maane~ provided undcr puaa~aph 2 hereof. ' i
Any amounts disbu~ed by I.rnde~ pursua~t to this pa~~ph 7, with iaterest thereon. shaU baome add~tional ~
irnieModnas of BoROwcr securcd by Ihis Mongage. Unkss Bomower anJ l.enckr agroe to dhet tern~s of paya~ent. wd~ ;
amounts shall be payabk upoo naticc frnm I.eode~ to Borrowc~ rcquatin8 paYment thercot. and shall beu interat from the ~
date of disburoement at the ratc payahk from time to time on aitstandins principal unde~ the Note ualtts paYma~t ot
_ interest at such rate would be contrary ta applicabk law, in which ev~t such amounts shall bear inte~+est at the hiahest r~te ~
permissibk under applicablc law. NMhiog rnntained in this paragraph 7 shall roquine i.ender to iacur aay eacp~ense or take ~
any action hereunder. ~
I~ectio~. i~~xk~ may makr or cause ta be made reasonabk entries upon and inspections of the Propenl?• Pr'o~ided
that I.ender shall give Barrawe~ ncNK-e prior ta ~ny such inspoction specifying reasonabk cause theretor related to I.enders
interest in the Property. ~
9. Cosdem~atioa. The pnxeedc of any award or claim for damaga, diroct or cansequential, in connation with any
condemnation or dher taking of 1he Prope~ty, ar part tiiercnf, or for rnnveyance in lieu of condemnation, are hercby assia~ed ~
and shall be paid to Lende~.
in Ihe eveot of a total taking of th~: PropeNy, the proceeds shall be applied to the sums secuted by ihis Mongage.
with the exce~, if any, paid to Borrc?we~. in thc eveM of a partial taking of the Property. unkss Bomower and L.ender
oth~nvise agree in writing, ti~ere shall be applied to the cums securcci b~ this Mongage such proportion of the proceeds ~
as is equal to that propoNion w~hich the amount of ~fie sumc secured by this Martga~te immediately prior to ihe date of
taking bears to the fair markN valuc of thc Pmpeny immediately priar to ihe date of taking, with the balance of the proceeds ~
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paid to Borrowe~. . _ ~
- lf tht Proputy is abandaned by Borrower, or if, aiter natice by I.ender to Bo~ower that the condemnor ofien to malce
an award or settle a claim fo~ damages, Bormwe~ fail. to respond to I_ender within 30 days after the date such notice is
maikd. I.cnile~ is authorized ta rnllect and apply Ihe proceeds. at i_ender's option, either to restoration or repair of the ~
Property or ta the sums secured h~• this Mor~gaec. %
Unlesc ~ender and Borrower atherwicr Agree in w•ritinc. any such application af proceeds to pri~cipal shall not extend ~
or pnstpone the due date of the monthly installmcnts rcferr~cd to in para~eraphs 1 and 2 hereof or change the amount of ~
such installmeuts. '
l0. Horrower Not Rek~sed. Extension of the time far payment or modification of amortization of the sums securrd
by this Morig~?g~, granted by I_endcr to any «K~cec.u~r in intcrcsf of Borrower chall ~ot operate to release. in any manner.
the liability af the original Borrower and &~rrower
e successc~R in interest. I_ender shall not be requircd ta rnmrrMrn.'e
proceedings against such successor or rcfu~e to ertenJ time for payment or othervvise modify amortization of thr ~+~ms ~
secured by thic Mortgage by reasc~n of am• demand made by Ihe original Borrower and Borrower
s successors in imcrcct_ _
11. Fodxannce by I.eode~ Not a Wai~er. Any forhearance hy i.er~der in ecercising any right or remedy hercunder, or
othenerise aftorded by applicabk law, shall not be a waiver of or preclude the exercise of any such right or remed~. s
71~e procnrement of insu~ance or the payment of taxes or other liens or charges by I~nder shall not be a waiver of Lender's ;
tight tc. accelerate the maturity of the indebtedness cecured hy this Morigage. ~
12. Remedies Cumulat~re. Ail remedies provided in this Mortgage are distinct and cumulative to a~y other right ar
remedy under this Mortgage ar affnrded h~ law• or equity, and may be exercised concurre~tly, independently o~ succescively_
13. Soccessors and Assi~~s Bou~d: ]oiat and Sereral i.i~b~7ity: Captions. The rnvenants and agreemenis herein
contained shall bind, and the riR6ts hcn:under chall inorc to. the respective succesSOrs and assig~u of Lender and Borrower. ~
subject to the provisionc af paragraph i 7 hereoL All corenants and agreements of Borrower shall be joint and se~+eral.
'il~e captions and headings of the paragrrphc of th;s Mortgage are for convenience only and are not to be uced to
interpret or define the provisians hereof.
14. Natice. Except for any noti~r rcyuired under applicable law to be given in another manner. (a) any notice to
Borrower pt+ovided for in this Mortqa¢e shall be given hy mailing such notice by certified mail addressed to Bormwer at
the Property Address or at such othcr ~ddress as Bormwer may designate by noti..r_ to i.ender as provided hercin, ~+nd ~
any ~otice to Lender shall he givcn hy cehified mail. returr. receipt requcsted. to l_enders addrcss stated herein or to F
such other addras as Lender may designate by nc?tice to Borrvwe~ as provided herein. Any notice pmvided for in this
Mongage shall be deemed to ha~~c t~ecn gi~cn to Bc+rmwcr or Lcnder when given in the manner designated herein.
IS. Uaifora~ Mort~~e: Governia~ Iaw; Se.er~b~itv. This form of mortgage combines uniform covenai.cs for ~ational
' - ose and non-uniform covenants with limited variaticx~s by jurisdiction to co~utitute a uniform security instrument covering ~
~ real propeny. This-Morfgage shall Ee governed hy- the law of the jurisdictio~ in which the Property is located_ in the ;
event that any provision or clause of thic Mortgage or the Note conflicts with applicable law, such conflict shall not affect {
other provisions of ihis Mortgage or !he Notr which can be given eiTect witfi~ut the conflicting provi.cion, and to this ~
end the provisior~.: of the Mortgage and the ~Vote arr Jcrlared to be sevtrahie_ +
16. Eorrower's Copy. Borrowcr shall bc furnichcJ a conformed rnpy of the Note and of this Mortgage at the time ~
of execution or after recordation herrnf. _
17. Trs~er of Me Propertv; Aswmption. If ali or any pan of the Property or an interest therein is sold or transferred ~
by Borrower without I.ender
s prior wrinrn cansent. excluding (al the creation of a lien or encumbrance subonlinate to #
this Mortgage. (b) the creation of a purchau: mane~• cecurity interest for household appliances, (c) a transfer h~ devise. ~
descent or by operation of law upon the Jeath of •r joint tenant or (dl the grant of any leasehold interest of three }cars or less
not containing an option to purchase. Lender may, at 1_ender
~ option, declare all the sums secured by this Mortgage to be f
immediately due and payable. Lender shall have u~aived such option to accelerate if, prior to the cale or transfer. I_encier !
and the person to whom the Property i~ be :c~~J or trans(errcd reach 3greement in writing that the credit of cuch percon ;
is aatisfactory to Lencler and that the interrst pa~•able on the sum~ secured by this Mortgage shall be at such rate ac I_ender '
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s successor in ~
interat hu executed a written auumprion agreement accepted in writing by Ixnder. Lender shall release Borrovrer from all 7
obligations under this Mortgage and the Note. ~
If Lender exercises such option to accelerate, I_enckr shall mail Borrower notice of acceleration in accordanc~ ~~~h ~
paragraph 14 heroof. Ss~ch notice shall provide a pericxi af not less than 30 davs from the date the notice is mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of cuch period, ;
Lender may, without turther notice or demand on Borrower, invoke any remedies permittecl by paragraph 18 hereof. `
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Norr-Ux~Fau?t CovEHeH'rs. Bortower and Lender further rnvenant and agree as follows: ~
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18. Aced~alio~ R~. Bscept a6 providcd ia p~ra~rap6 171~ereof. ~pos Sorro~ser's bresei of a~y co~e~t or ~
a~t of Eorr~ower i ttiis Mort~e. i~clndie~ tLe co~eaets to Pay whee d~e sy s~es sec~r~d b!~ tMb 1blorl~~. LaiAer ~
prior to ~ctdera~o~ sbai ~~oiiue to Sorruwer ~s ~ro~ided i~ ~rapb 14 6ereot ~y~ (1) tre b~esc~: (2~ tLe actb~
e+cq~ to csre sxti breac6; (3) a dah. not las t6sa 38 daps fros ti~ date tre sotiee i~aiki to ~or.ower. M w6ic6 srcii
beesc6 ewt be c~ a~ N) t~at falhre to core snc6 brac~ os or before ttie date ~sa io tre .otice ~say resdt i~
sada~tisw oE fre s~ see~red 6~ tiis Mortga6e, fo~eclowrr bl' j~cjai Procadi~ ~d sak of tl~e Tro~ery. 'i'tie ~otiee
s~aY b~itier i~fore Eon+~wer of tre ri6bt to ~te a~ter seeekratiow a~d tre ri¢f b a~ert i~ ti~e foredos~re proe~L
ttie sos-e:iste~ce d a BeEaait or ay otber defease of Eorrower to secekratio~ sd toredoa~re. lf ttie brac~ i~ ~ot e~ci o~ ~
or 6efore the dale s~eei6ei io tre ~oKce. Lewder at I.ende~'s aptio~ ~ deeWe aw ot ~e s~as sa~ud i?p tLi~ Mort~e b tie ~
~hlp doe ~i p~s~k withod f~rti~er demand aad may faecbse tfis Mo~t~e ti7 jsdieid Noc~. i.cnder sMaN }
be e~tld !o edleet i~ s~i ~ue~ ~ e~eoses of foreclos~rs, Vc1~Li+ b~t aot ~~itd ta. ~ero~able anwrietr's fees. i
a~d casbt uE doe~~e~tarT ~~idesce, sbstrscts s~d tiUe reporls. `
1!. sorrower's Ri~t to Reirtata Ncnwithstanding t.ender
~aocekration of the sums secured by this Mortaage.
Borrowu sh$li bave the right to have a~y proce~:dings hegun hy Lender to enforce this Mortgage discontinued at any time .
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