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Lender's written agramcnt or appiicabk law. Borrowe~ ahall pay the unount ot all moNgage insurance prcmiums m the
. manner provided unde~ pangraph 2 heneof.
Any amounts disbursed by I~~ck~ pursuant to this parag~aph 7, wi~h interest thercan, shall became additional
in~febledness of Barrowc~ securod by lhis Mortga~e. Unless Bonower and t.en~kr agrce to other ternu of paYment. such
amounts shall be paysbk upon naice (~cxn I.ender to Bonower rcquesting payment thercof, and shall Fxar intcrcst frotn the
date of disbursement at the ate payal~k trom lime to time cx~ outstanding principal under the Note unless payment ot
interest at sucf~ rate would be contrary to applicabk law, in which event cuch am~unts shall bear interaC at the hiahest rate
pcrmissibk unde~ applicabk law. NMhing conuir~ed in this paragnph 7 shal) roquine l.ender to incur any expense or take
any action hercunder.
- S. i~}eetjow. I.e~der may makc ~r cause to be made reaxonabk cntricc upon and inspections of Ihe Property. provided
that l.ende~ shall give BoROwer no~K~e priM to apy such i~spection specitying reasc~nabk caux thercfor rclated to Lrnder's
inte~esl in the Propetty. s •
9. Co~dawntbw. The proceedc of any award or claim for damaga. direcl or consequential. in connection with any
condemnation or other takina of 1he Property, or pa~t thereof, or tar conveyance in lieu of condemnation, are heteby assigned ;
and shall bc paid to t~nder. .
In Ihe event of a totrl taking of the Propeny. ~he procceds chall he applieJ to ~he sums seaircd by this Mortgage.
with the excess, if any, paid to Borr~wer_ In the cvent of a partial taking of the Property, unless Botrower and I.ender .
o~henvise agroe in w~iting. thete shall be applied to ~he ~umc secured by~ this Mortgage such proportion of the proceeds 1
as is equal to that proportion w~hich ~he amcx~nt ~t the sumc tecured by this Martgage immediatoly prior lo the date of
taking bears to the fair market value of the Praperty immediately ~xiar to the Jate of taki~g, with the balance of the proceeds
paid to Borrower.
If the Property is at+andonecl by Bor:ower. or if. afler notice by I.ender to Bormwer that tbe conckmnor offers to make
an award or uttk a claim far damages, Borrower f~il. to respc?nd to l.ender within 30 days after the date soch notice is
mailed. L.ender is authorized to collect and apply the praceedx. at l.ender c optian, cither to restoration or t+epair of• the ~
Propeny or to the sums sccurcd h~ thix Mort~ta~te_
Unless Leoder and Borrower othenvise agree in w•rit~ne. any such application of proceeds to principa) shall not extend
or postpone the due date of the monthly iost~llmcnts rcferrcd ta io paragraphc 1 and 2 hercof or change the amount of
such installments. ~
10. Eorrower Nof Relea~cd. Extension of the time for payment or modification of amortization of the sums secured
by this Mottgage gwnted by I.ender to any cuceecsor in interect of Borrower shall not oE+e~ate to release, in any manner.
the iiability of the original Borrower and &~rrower'~ successors in interest. l.ender shall not t~e required to commence
proceedings against such successor or rcfuse to ertenJ time for payment or othervvice mcxfify amortizat~on of thr .ums
secured by this Mort~tagt by reawn of any demand made b~• the oricinal Borrower and Bormwer s succe~rs in intere~t.
11. Forbeuaece 6y i.ewder Not a Wairer. Any f~rhearan~e hy I.ender in exercising any right or remedy hereuncier, or
othenvise afTorded by applicabk law. shall ~t be a waiver o( or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of ta~es or other iiens or charges by I.ender shall not be a v?•aiver of I.ender
s
right to accekrate the maturiry of the indehtedness cecured h~~ this Mongage.
12. Remedies Com~lati~e. All remedies pro~ided in thic Mortgage are distinct and cumulative to any other right or
remeJy under this Mortgage or affordcd by law or equity. and may be exercised concurrendy, independentl} or succecsively. -
'-13. Srccessors awd Assy~~s Souad; .Joint aad Serersd 1.isM'lity; Captbns. 'Tl~e covenants and agrcemeots herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of i.ender aod Borrower.
subject to thc provisionc of paragraph 17 hercof. All rn.cnants a~J agreements of Borrow~er shal! be joiry and several.
~ captions and headings of the paragraphc of thia Mongagc arc for convenience only and art not to he used ta
interpret or define the provisions hereof.
14. Notke. Except for any notice reyuired unckr applicable law to be given in another manner. (al any notice to
. Borrower provided for in this Mortga¢e shall he given hy mailinR such notic~ by certified mail addres~ced to E;orr~w•er at
the Property Address or at u~ch ahcr addres. ac Borrower mav decignate b}' noiice to i_ender as provided herein. and
(b) any notice to Lender shall he given hy certifieJ mail_ return receipt requested. to t.enderc address stated herein or to
such other address as I.ender may decignate M• nc?tire to Bormwer as provided herein. Any notice pmvided for in this
Mortgage shall be deemed to have t+een gn•en !o Bc.rr~~wer ur Lender when given in the manner decignated herein.
15. Unifona Mort~a~e; Governin~ I.avr; Se~•erabilil~~. Thic torm of mortgage combines imiform covenants for national
use and non-uniform covenantc with limited variatic.ns h~• juriui~ction to constitute a uniform security instn~ment covering
' real property. This Mor~gage shall be g~~verned h~• the laW of the jurisdiction in which the Property is located. ln the
i event that any provision ar clau~e of thi~ Mongd¢e <.r the tiote conflictc w~ith applicable law, such conflict shall not afTect
~ othe~ provisions of this Mortgage or the N~.te which can he given etTect wi~hoiet the conflicting provicion. and to this
end the provisions of ~he Mortgage and the ~3ote an .kcl~red to he severable.
16. Eorrower's Copy. Borrow•er chall 1x furni~heJ a c.~nformed cop} of the Note and of thic Mortgage at the time
i of execution or after recordation herrnl.
~ 17. T~er of t6e Proplrty; Aswmption. If all or am~ part of the Pmpert)• or an interest therein is sold or transferred
~ by BorroMrer without Lender's prior writ::n comem. e~cluding lal the creatian of a lien or encumbrance suborJinate to
~ this Mongage. (b) the ereahon of a purcha~ mime~ .ecurit}• mterest for household appliances. (cl a trancfer hy devise.
F descent or by operation of law• u~n Ihe Jcath of a ju~nt tenant ~r /d~ the grant of an~~ Ieasehold interest of thrcc }~car~ or lec~
A not containing an option to purchase, l_ender ma}~. at I.ender'. option, declare aU the sums secured hy this Mortgage to l+e
immediatel~• due and payable. Lender chall ha.c w.~~~ed cuch option to accelerate if. prior to the ~ale or transfer. I.enJer
z and the person to whom the Property ic t~. !x .o1J ~.r transfermd reach agreement in writing that the credit ~f wrh percon
~ is satisfactory to Lenckr and- that the interr.t pa~•able e.n the sumc secured by thiti Murtgage sha11 be at such rate a~ i.ender
~ shal) request. if I.ender has waived the option to acceler~te pmvided in this paragraph 17, and if Borrower'~ successor in
~ interest has executed a wri~ten assump~ion agreement accepted in writing by l.ender, Lender shall ydeax Borrower from all
~ obligations under this Mortgage and the Ncxe.
if Lender exercises such option t~ accelerate. LenJer ~hall mail Borrow~er notice of acceleration in accord:+ncr ~~h
~ paragraph 14 hercof. Such notice shall provide a period of no~ lesa than i0 dayc from the date the notice is mailed w~ith~n
which Borrower may pay the sums declared due. It Borrower failt to pay such cums prior to the expiration of cuch pen~xi.
~ Lender may, without further notice or ~mand on Borrower. ~nvoke any remedies permitted hy paragraph 1R hercof.
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~ NoN-UNtFORtit CovEtv~NTS. Borrower and Lender funher covenaM and agrce as follows:
~ 18. Accekratioa; Rea~edks. E:cept as provided io pars~raph 19 bereof. upon Eorrowe~'s brescb of any co~ensnt or
~ a6recmeat of Borrower fe t6ts Mort~a~e, iecludin~ the corenants to pay whea dae aay snms secnred by this Mort~aq~e. [.eader
prior to acceleratba sbaN rsail ~otice to dorrowcr as pro.ided in pa~raph 14 hereot specifyin~: (1) the bre~ch:121 the action
- requlred to c~re soc6 6reacb; (3) s date, sot ks Iban 30 days trom tbe dste tl~e notice is maikd to Eorrov?cr. by which sucb
breac4 owt be crred; ~d (1) t`at failnre to core wch bresch on or before tbe date specified 1n Ihe notice may recdt in
sccekratbn ot tre s~n~s secorrd by tLts INo~sRe. to?ecbsure br jndicial proceedie~ and sak of the Property. The notke
`w shaU further infona Eorrower d t6e ~M to rciastste aftcr sccekration snd t6e re~ht to aaert ia tbe forcclosnre proceedja~
~ tbe eoa-existence of i defsdt or swy ot6~r detease of Borro.+er to accekration and foncbsure. If tbe brcxh is not cored oe
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or before Ihe date speeilied iw the wolice. Lender ~t l.ender's opliow may declare aR ot d~e suu~s sec~red by this Mort~a~;e to 6e
; ~u~a~edia~dy due and psyabk witlwot fvAber demand ~nd msy forecbst tbis Mort~a`e by judicid procetdinR. I.ender chall
~ be totided to cotlett iw s~c~ proctedia~ aN espeases nf foreclosurc. iocludint. bYt not limited to. reasonabk .att~~rnr~:'s fets.
;j and eosfs ot doc~~estarp erideace. abstrscts and titk reports.
~ 19. aorroae~'s Ri~t to Rei~state. Nc~twith~tand~n~ Lender s acceleration of the sums secured by thr M~rtgage.
~ Borrower shall have the right to have any proceedingi tx~tun hy t_ender to enforce this Mortgage d~sconhnued at an} time
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~n s°oRK ~U1 ~acE 837 ~
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