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Lender": written agreeraertt a spplicabk kw. BortoMrer shall pay the amount of aB mortgage iasuraaoe ptaaitreas is dte
rgaaner provided under paragraph 2 hereof. -
. Any amours!: disbursed by !.ender pursuant to this paragraph 7, with interest thereon. !hall become additional ,
indeMedness of Borrower secured by this Mortgage. Unks: Borrower and Lender agree to other terms o[ psymeat• :stele
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear intact from the
date of disburaeraatt. at the rate payable from time to time on ,principal under the Note unless pa~raaot of
interest at such rate would be contrary to applicable law. in which antarnb shall bear intaest at the Idgltest tats
Penaiaibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur atr)? expertss a take
any action hereunder.
R Ns*eeaoa. Lender may snake or cause to be msde reasonable entries upon and inspection of the Property, pronrided
that Lender shall give Borrower notice pricx to any such irnpoctioa specifying ranonable cause therefor elated b Lendar'a
interest in the Property.
Coaieataaaoa. The prot~eds of any award or claim for damages, direct a consequential. is ooarreetioa with aaty
condemnation or othex taking of the Property. or part therr:of, a for conveyance in lieu of condemnation. are Itettby saipted
and :hall be paid to Lender. - .
• in the event of a total taking of the Property. the proceeds shall be applied to the sums :ceased by this Mortpige.
- with-the exeess~ if any;-paid to-Borrower.-in the event of a partial taking of the Property. unless Borrower and Deader
otltawise agree in writing, there shall be applied to the sums secured by this Mortgage such propotion of the p+ooeeds
u is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior b the daN d
_ taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance of the pt+ooeeds
paid b Borrower.
Tf the Property is abandoned by Borrower, err if. after notice by Lender to Borrower that the oortdemaor oQas to ttsaBe
- an
award or'settk-a claim fog damagei. Bi+rrovri:r faiTsio respond to lender
within 30 days aher~the date-snch-notioe it - -
mailed. 4ender a authorised to collect and apply the proceeds. at Lenders ogion. either to restoration or repair of t>te
Property of-to the sums secured by this Mortgage.
Unlaa Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shag not extatd
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof a charrse the amount d
such inNallments.
. 110. >torrower Not Reim. Extension of the time for payment or mod'dkation of amortization of the sums setut+ed
by this Mortgage grtu~ted by Lender to any srrceessor in interest of Borrower shalt rtes operate to release. in car manner.
the liability of the original Borrower and Borrower's successors in interest. Lender shalt not be required b oommenoe
prooe~dings sgainst such atrocesaor or refuse to extend time for payment or otherwise modify amortization sf the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers strcoasors in inta~at.
Ii. Feriearaaee b I.enier Nd a Waiver. Any f~rba?rance by Lender in exercising any right or remedy )rerarrtder. or
othenri~ afforded by applicable law.-shalt not-be-a-waiver of-or preclude-the exercise of-any such-right or-remedy. _ _
The procurement of insurance or the payment of taxes or other liar or charges by Lender shall not be a waiver of Letrda's
right to accekate the maturity of the indebtedness secured by this Mortgage.
l2. Rea~eies All remedies provided in this Mortgage aro distinct and cumulative b any other right or
remedy undo this Mortgage or afforded by law or equity. and may be exercised concurrently, independently a wooeavdy.
13. 8rseaeosas ant Assigns !orate: Joint anti Several T.iaiiMly; CaplMns. The oovenanb and agreemarb herein
contained shall bind. and the rights hereunder shall inure to. the.respective sttceasoors and assigns of Lender sod Borrower.
wbject to the provisions of paragraph 17 hereof. All covenant: and agreematts of Borrower :hall be joird and several.
The pp(iorn' and headings of the paragraphs of this Mortgage arc for oonveaiatoe only and are trot to be used b
intapret or define the provaiora hereof.
14. Notlea Exceq for any notice required under applicable law to 6e given in another manger. (a) any notice b
Borrower ptm?ided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such dher address ss Borrrower may designate by ratioe to T.arder as provided herein. and
(b) any notice to Lender shall be given by certified mail. return reaiq requested. to Lender's addras. stated baeirr or b
such other sddress as Lender may designate by notice to Borrower as provided het+ein. Any notice provided Ior in this
.Mortgage shall be deemed to hive been given to Borrower or Lender when given in the manner desiptrttod haeiu.
1S. Uattorm 1Noriggpe: Governing irrrr: Seera6Wty. This form of mortgage combing uniform cov~atants for national
use and teen-uniform covenants with limited variations by jurisdiction to corntitute a uniform security instrurrtertt covering
real property. This Mortgage shall be governed by the law of the jurydiction in which the Property is located. In the
event that any provision or clause of this Mortgage r?r the Note conflicts with applicable law. arch conflict shsll not affect
other provisions- of this Mortgage or the Note which can be given etfect witlaut the oonflictiag provision. and to this
end the provisions of -the Mortgage and the Note are declared to be severable.
ii. 1on~owe~a Coq. Borrower shall be furnished a confomted Dopy of the Note and of this Mortgage at the bate
of execution a• aher recordation hereof,
17..'hsaster of tie Tropaty: Aswrrrpioa. Tf all or any part of the Property or as inter+gt therein is sold or trsrderred
by Borrower without Lender's prior written consent. excluding (al the creation of a tier or encumbrance subordinate to
this Mortgage. (b) the creation of a purchase money security interest for household apptianoa, (c) a transfer h'y devise,
dtnoatt or by operation of law upon the death of a joint tenant or (d) the grant of any kaselroW interns of three years or las
not containing an option to purchsse. Leader may. at Lender's optics. declare all the stuns secured by this Mortgage to be
immediately due and payable. Gender shall have waived such option to accelerate if. prior to the sale or trarrster, i.ender
and the person to whom the Property is to be sold or Cransferred reach agreerrtent in writing that the credit of such person
is satisfactory to Lender and that the intense payable on the sums secured by this Mortgage stall be at such rate is Lender
shall requgt. Tf Lender has waived the ogion to accelerate provided in tha paragraph 17. and if. Borrowers successor in
intergt has executed a written sssumgion agreanatt aooeged in writing by Lender. Lender :hail r+dcase Borrower free all
o-6itgat'
ion under tha Mortgage and the Noe. - - - - - - - -
7f harder exercise such ogion to accelerate. Lender shall mail Borrower notice o[ acceleration in aocordancc with
pansgraptt 14 hereof. Stitch notice shall provide a period of not M than 30 days from the date the notice a mailed within
which Borrower may psy the sums declared due. if Borrower isih to pay such sums prior to the expiration of such period.
Lader may. without further notice or danced on Borrower. invoke any remodig permitted by part~graplt 11t hereof.
NoN-Uxtt•oretrt CaveNarrrs. Horm+~?er and Lender further oovaam and agree as fogo~ws:
lit Aeeeiknrdi~ RereLo. EueM m M'avMed r lrtngralM 17 stereos. tr*oa liorrewers Deenei of nay cavaaeN or
apoeraeat of >Mrswrer M lilt Morlgsgo, iaelntiag tie eo+eaanb N MF wM ine ~7 args aeeeret y tilt Mortgage. isater .
prior N aecderaW. doll.aN .sate N •orrower as proiied N poragraNt 14 stereo[ spseltylags p) are trroaeis t=) tie aaaMr
roWieoi N care aaselr trreacil (3) • not less tlssa 3t Lys G+og tM Lk tie aMioe r arsiei N llorrower. b wild >a>L
Mali mart io eef~ aai (n slat fafinre N taro oeti Meer ea K iefore ale Lie opoeRol 1• lie aMlt! asay sasaN
sooderatlsa of do tsrr¦s aoenr~si i7' arts Marlpge, Mclowrr~ b jetkW Mac+edinL aai sale d are Tre~erly. 'lire cosies
sit ferlier iafirg •srrewer d the right N rsinNale oiler oteekraaoa anti Cie ~ N aaeeA V tie Meteawe praaoig
M ao~•e:iMeaoe at a ie[selt or arty ester iefeirse of >sorrewer N aeedereaorr sari ferseiosars. Y be Mset? is not easel as
K tktoro lie Lee sleefioi `ate aetlco. [.eater m l.enlers eptMw rar4 iseisre ai of tits wane :secret iy tBis Mortgage N k
iasaeifat:iy tae cal pyaik wilre.l terttrer aewand ant raq torselose ells M«lgags b iaikW w'aoos+tag. tenser a.¦
ie oali0el N eo0eet Y steel preaoting err arpeasa d faseMre, iselail¦g. b.t cat r¦tlts/ N: reaa...ttle stturrreri lea.
cal coals of ioewae~ orlieaee, aislrsets ant arse mporir.
i!. lorrewa'rt Rat N Rel¦Mats. Notwithstsrding Lenders acoderation of the sums secured by the Mortgage.
Borrower stall lyve the right to have any proceedings begun by Lender to en[oroe tits Mortpge discontinued at nay time
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