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Leader's wriuea sgteetnettt a app4caWe Mw. Borrower shall pay the tuaouat of aq mortgage insurance prgaiwas is the
manner provided antler puagraph 2 htsroot.
Any amounts disbursed by Lender pursuant to this paragraph 7, with iater+at thereon. shag become sd~itional
indebtedness of Borrower sceured by this Mortgsge. Unless Borrower and bender agtne b other rotten o[ payment. such
amounts shill be payable upon notice fears Lender to Borrower requesting payment thereof, and shall beu interatlt~oste the
date of disbursetrtertt. au the rate payable tram t6rte• to time on outstanding principal under the Note unless plt~rmwt at
intetep at such nro would be eartirary to applicable law, in which Brent auclo amounts snap hose interest at the bigltat rats
peanap'ble uttder•applicable law. Nahing oontaieoed in this paragraph 7 snap require Lender to incur any expertas or tab
any action hereunder.
>L . Lender may make or cause to be made reasatabk entries upon and inspections of lira Property. provided
that Leader shall giro Borrower notice prior to any such inspection specifying reawnabk cause therefor related b Leader's
' interest in this Property.
f. Cawiertmatiow. The proceeds of any award or claim for damage:, direct or oonsequeatial. in oorurectioa with any
condemnation a other taking of the Property. a part thereof. or for conveyance in lieu of cortdemnatioeo. are hereby assitned
~ and shall be paid to •Leroder.'
In the event of a trial taking of the Property, the proceeds. shall be applied to the sums secured by this Mottpige,
with-the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Laodkr
otherwise agree in writing, there shall be applied to the sums secured by this Mortgsge such proportion of the proceeds
u is equal to that proportion wfiich the amount of the sums secured by this Mortgage immediately prior to the date o[
taking bars to the fair market vslue of the Property immediately prior to the date of taking, with the balartoa of tlra proceeds
paid b Borrower.
If the Property is abandoned by 8or.~ower, a if. after notice by Lender to Borrower that the oondetnaor aQas b taab
an award or settle a shim for dainases, $ornriver tails to respond to Letoder within 30 diys after'tloe date such notice is
mailed, Lender is authorised to collect and apply the proceeds, at Fender's option. either to restoration of repair a[ the
Property or to the sums secured by this Mortgage.
Unless i.ender-and Borrower otherwise agree in writing, any such application of proceeds to principal shag not e~tteod
or postpone the due.~ale of the monthly instalhntnts referred to in paragraphs 1 and 2 hereof or change floe aanouM o[
such irtpallnleots.
Ifl. Basrower Not Released. Extension of the time for payment or modification of amortization of this atoms secutied
by this Mortgage granted by Lentkr to any stoooexsor in interest of Borrower shag not openro to telet~se. in arhr manner,
the liability of the original Borrower and Borrower's stoccessors in interest. Lender ahail not be required b oomntertce
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization sf the sums
soured by this Mortgage by reason of any detpsnd: made by the orirtinal Bomuvver and Borrower's stocassors in interw.
1 i. Foricara¦ee b ienisr Not • Wah~er. Any forbararooe by Lender in exercising any right or remedy loeraoadtx. or• .
otherwae stforded by applicable law, shall not be a waiver of or preclude the exercise of any such tight or retrtedy. .
The procttretttent of irt:uranoe or the payment of taxes or other liens or charges by Lender shall not be a waiver of Leader's
right to acceearate the maturity of the indebtedness stcut+ed dy this Mortgage.
it Reareies t~aostnistl~ All rertoedies provided in this Mortgage are datitoct and cumulative b any other right or
remedy under this Mortgage a afforded by hw or equity. and may be exercised oonaort+aotly, independently or wootasivdy.
• 13. Stteewss sari Astii~s Bosasd; .Ioittt ant Several i.ia6lMty; GplMns. 71oe covenants and agreestttxtts herein
contained shag bind, and the rights hereunder shall inure to, the.respective stteoessors and sssisns of Leader and Borrowef.
wbject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower chap be joirs? sod several.
1Le ciptions' and headings of the paragraphs of this Mortgage are for eonveroiertoe only and stn rat to be used b
interpret or define the provisions hereof.
14. Neaee. Except for any notice required under applicable law b be given in another marotoef (a) any notice b
Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addrered to Borrower at
the Property Address or at such other address as Borrower may designate by notice to iettder as provided herein, and
(b) any notice to Lender :hap be given by certified mail, return receipt requested. to I~ertda's address paled herein or b
such other address as Lender may designate by notice to Borrower sa provided herein. Aey notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lenrkr when given le the manner designated hta+dn.
iS. Unlf~ Merfgagc: GorernirtR Law: Serertobilify. This form of mortgage combine uniform ooMdtants for national
use and non-uniform covenants with limited variatiau by jurisdiction to conpitute a uni[ono security imhumeM covering
tet~ property. 'Ibis Mortgage drat! be governed by the !aw of the jurisdiction in which the Property is located. Ia the
event that any provision of clause of this Mortgage or the Note conflicts with applicable law. such conflict shall red afleet
other provisions of this Mortgage or the Note which can be given eQect without the oaoAicting provision. and b this
end 31te prov'osions of the Mortgage and the Note are declared to be severable.
ti. >fenowrr's Cop. Borrower shat! be furnished a conformed copy of the Note sad of` this Mortgage at the lane
of execution or after rocordation hereof.
17..Tratoskr of the Pro~esly; Asss~tbw. if all or any part of the Property or an interest therein is sold or trarosfernd
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or atcurrobrante subordinase to
this Mortgage, (b) the oration of a purchase money security interest for homdooW appliattoa, (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or (d) the grant o[ any leasehold iMtrep of three yea`s or less
not containing an option to purchsse. Lender may, at Lender's option, declaro alt the scans sectored by this Moregare to 6e
immediately due and payable. Lender shall have waived wch option to aotxkraro if, prior to the sak or transfer. Lender
and the person to whom the Property is to be sold or transferred teach agreement in writing that the oedit of wch' person
is satisfsctory to Lender and that the inten~ct payable on the sums secured by thk Mortgage shall be at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph i7. and if Borrower's successor in
interest has executed a wriurn assumption agreement seoepted in writing by Lender. Lender shag release Borrower from all
oblAptiions under the Mortgage and the Note.
~ It bender exercises such option to aceeearate. Lender shall mail Borrower notice of aeeeieration in stoordaroc~ with
pantgraplt 14 hereof. Such notice shall provide a period of rat less than 30 days from the date the notice is mailed within
which Borrower may pay the surtt: declared due. If Borrower lath to pay such cams prior b the expiration of wch period.
Lptder may. without further notices or demand on Borrower. invoke any remedies permitted by paragraph Ig hereof.
NoM-Untt~onnt CovExw~s. Borrower and Lender further covenant and agree as tdlows:
lf. Aetekssrliam Res¦eiiea. Bxeept ors !r'aviiei ist Mragrapi lT ra,~.r, repel Bats~arars Meaer at try cwrettaaM K
ap~esatent at iresswaer alts Maslgagc. Mttlnittg Ire csvettartls M Nqr when tree My aura seewei b tltls 1Martpge. isnier
patsy Ice atc+eksntlon sri tstar notice 4 lisanwer sos protMa/ f• passgtapr 14 iessdf spee~jtrogs (1) Irte innelt: (2) tee aetMn
se~ir~ei M etttre t~ Meatk (3) a ire. oat less aowt 3t ~ trout tee tale tee Nike r ttsttiN fo iasnwer. ly viler suer
Maacr ttsttrt M etstai; tttsi N) flat fiilaa M ettr! wee Meaty a• K rdNe Irt isle apeeMai rt Ire wo/ite tstay scarf i•
nCerefatlau a/ tit care as+ewei ~ tYs M~sfgage. hweleatrrt ti jllittfr M'aeoaitllt ant Mies eft fee !se'etly. lit tsades
arat Datflter rtfrtltt_l!«it Ire M selttAale aUer seeekraaett tttsi tee afglrt M astrtst M are IareAasttns pererteittg
tee srass~sxMertot M a iefanlt ar
awy MMe~ iefere ii >fo~awe~ it? sca~daaMar sni ~tedewas,~- t IM-Msset~s Nt enaN~r- - -
w Mfise tie tYle spsdiM r test Nato. i.estier at l.ettier's ePtiats ttasg? ietlase sr ef< flit tart sa~etssai iq fYt Mesegage In rt
It..es~lltaley ire tri Nyaile wiaw~t rttsater towered aN ttsay t~teeiaae fYs MMfgaga b l~W N~R• ta~der strait
re..ft/ei w eaiact r wee ps~aeeeiittg r ex~e.ses «t fereeMwse, l.el.ifa~; r¦f Nt iitttilai na....rc s+ttorrreyU fees.
a¦i eaals at i.ew.a~.ry a+li~.a, arwasels tttti arse seMsb.
1!. 1Mst~_ 'Is IR~Mt N Relasbfi~ Ndwithstsndintt Lenders aoodet~ation d the sums aecurtd by the Mortgage.
Borrower shall hav~t the right to have any proceedings begun by bender to enforce this MotYpge discoatintted u say time
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