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l.ahder~s written sgrament a applicable law. Borrower dell pay the anauat of all mortgage iawranoe promitaas iw the
tasaner provided under paragraph 2 hereof.
Any amount disbursed by Lender pursuant to this paragraph 7, with inrorest thereon. ahatl become sdditional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of paymtsrtf, :ttcit
amounts shall be payable upon notice from Lemla to Borrower requesting paytneM thereof. and shall best interest frog[ the
daro of disburseanptt. at the rate payable from t&tte to time on oug principal under the Note unless pa~tasartt of
interest at such rata would be contary tcb applicable law, in which event such amr~nh shall bqr itNa+pt st the higitat rant
pernnissibk under applicable law. Nothing oontairtod in this paragraph 7 shat! require"`terder to iwcur say experw air tabs
any action hereuada.
iw~eeaaw. Lender may make or cause to be made ressorssbk entries upon and inspection of the Property. povided
that i.ender shall give Borrower notice prior to any such iaspectoon specifying teasflnabb pose therefor r~dated to I~t[d~s
inrorest in the Ptiopetty.
9. Cam, The proceeds of any award a claim [a damages. direct err cortsoquetttial, in oottrtectiow with ~
coodernnation or other taking of the Property, or part thereof. or for conveyance in lieu of condannation, are hetebq asdgtbd
and shall be paid to Lender. -
in this event of a total taking of the Property, the proceeds shall be applied to the sums secured by this M
with the excess, it any, paid to Borrower. in the event of ti partial taking of the Property. unless Borrower and I
otherwise agree in writing. them shall be applied to the sums secured by this Mortgage such proportion of the p+ooeedt
ss is equal to that proportion which the amount of the sums segued by this Mortgage intntedis prat to the date of
_ taking 6esr~s to the fair market value of the Property immediaroty prior to the date. of taking. with the tialsaot: of the prooeedt
paid t0 Borrower. '
- - -if-the Rropsrty-is abandoned by-Bolt s.-ot if_-afte~notice_6y.lenderlQ Borrower t1~ the condemnor oQbrs do snaiott
sn award or settle s claim for damages. Borrower faits to respond to Lender within 30 days after the daro sudi
notice
mailed, Lender is autlarined to collect and apply the proceeds. at Lender's option. either to restoration or iepsir of tli
Property or to the sums secured by this Mortpge.
Unless Lender and borrower otherwise agree in writinite any such application of proceeds to principal shsB not exletd
or postpone Elie due date of the monthly installments referred to in paragraphs 1 sod 2 hereof or change the amocrut of
such installments.
lt. •orrosre' Not lteieaeei. Extension of the time for payment or mod'dkation of amortization of the sums seau~erl
by this Mortgage granted by Lender to any successor in interest of Borrower shah not operate to release. in any manner.
the liability of the original Borrower and Borrower's successors in interest. Lender shall not 6a required to commence
prooeodings against such successor or refuse to extend time for payment or otherwise modify amortization e>f the sums
secured by this 1NoK~age_by reason of any demand- made by the original Borrower and BorrowePs sttcoesaors in interest.
11. Ferbearaace y Lewder Alert a Wafer. Any Lorbcarana 6y Lender in-exercising-any-right or remedy heraatde' or -
otherwise atTorded by applicable law, shalt not be a waiver of or preclude the exercise of any such right or remedy.
The procurcrnertt of irrsuranoe of the payment-of taxes oa-other liens a charges by Lander shsB not be a waiver o[ Lender's
right to accelerate the maturity of the indeMedness secured !ri this Mortgage.
12. RaNe~s All remedies provided in this Mortgsge are distinct and cumulative to atq? other right a
remedy under the Mortgage or atfor~ded by law or equity, and may be exercised oor>currently, independently or stroowdvely.
13. Sweeeasars awl Asst~ws ltbwwi:.Tait awl Seresal iL6iBtgt cCa*IMwa. The oovensots std sgraeateuts herein
camtained shall bind. and the rights hereunder shall inurg to. the.respective a<roastors sad sssigtn of under spd 8orraMer,
subject to the provisions of paragraph 17 hereof. All covenants and agrcematts of Borrnwrr shall be jdrd and severai.
The aptiorn' and headings of the paragraphs of this Mortgage are for conven'rena only and are not to 1k used to
inrorpret or dettne the provisarrs hereof.
• 14. Nodee. Except for any notice required under applicable law to be given in another msMer. (a) an
Borrower pR+nvided for in this Mortgage shall 6e given by mailing such notice by certified m:t'I addressed to Borrower at
the Property Address or at such other address u Borrower may designate by notice to Lender at provided herein. and
(b) any notice to mender shall be given by certified mail. return receipt requested. to Lender's address. stated herein a to
such other sddress ss Lender may designate by notice to Borrower ss provided herein. Any notice provided for is this
Mortgage shall be deemed td have been given to Borrower or Lender when given in the manna designated her+eiw.
1S. Uaifarwr MoAgage; Govenriwtt I.a+r: SeveratrWty. This form of mortgage combines ustiform oova~aMs for natiowal
use sod nonuniform covenants with limited variatans by jurisdiction to constitute a unitorra security irtstrrrmatt
real property. This Mortgage shall be governed by the law of the jurisdiction in which tt)e Preperty is located. In the
event that any provision oa clause of thK Mortgage or the Note cordlicts with applicable law. such oonAict shall not stied
other provisions of this Mortgage os the Nnte which can be given eQect without the oonAictirrg pr+ovisiort and to this
end the, provisions of the Mortgage and the Note arc declared to be severable.
lf~. >ZoeMrer's Cepr Borrower shall be furnished a conformed ~ of the Note and of this Mortgage at the time
of execution or aRer recordation hereof.
17..T}arrter of the >'rapertr: Aawrwrtiow. if all or any part of the Property or an interest therein is sold or trarafared
by Borrower without Lender's prior written corssent. excluding (a) the ct+eatioa of a lien a encumbrance subordinate to ' t
this Mortgage. (b) the creation of a purchase money security interest for household applisrroes. (c) s transfer hY devise, ;
desoatt or by operation of taw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
not containing an option.to putrhase. Lender may. at l:.ender's olnion. declsre all the sums:secured by this MoAgsga to be
immediately due and payable. Lender shall have waived such option to seoekraro if. prior to the sale or transfer.. Lender
and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender std that the interest payable on the sums secured by this Mortgage shall be u such rate as Leeds
shall request. if Lender hss waived the option to aeoekrate provided in this paragraph 17. and if Borrower's successor in
interest has executed a written awnnption sgreemaet socepted in writirsg by Leader. Lends shall f
obijgations under this Mortgage and the Noce.
If ~eerder exenaes such option to sexelerate, Lender shsll mail Borrower notice of accekrrstion in aecordancc with
pars,~aph 14 hereof. Such notice shall provide a period of not less than 3d days from the date the notice is mailed within
which Borrower rosy pay the sums declared due. if Borrower fails to pay such sums prior to the expintiori of sercle period.
Fender may. without further ratio or demand on Borrower. invoice any rentediea permitted by parsgrsph 1 g hereof.
3 - _ -
NoN-Unn%oar~s Coverrwxrs. Borrower and Lender further oovensnt and agree as foilow?s: .
Ili. Aecekndew; Rnweiiafs.. Ba`eept as provMsi i paragraph 171serest. tr~ew ltarnrw~es'IS isa~acl[ at awl rerewawf err
apeetwewt of /caterer r aeia MNlgage. iclwireg the ew+ewawb N !h' wiew Tae swy wwta atewei b ftii Marlgsgs, lwwder
prior M aecNeswtlew sre! wseta woaee M lesrrwer as proriiei i paragra~ 14 tteseat s*eelylsyr p) ate Ossaelrt (=1 tle arcefaw -
rrslttir~ei is etrn wet iseaela (3) a dale. wet ties IT,art 1i day's trrrw ors Tale Ilrs weeks tie aaBad M >lasnwer. h wttlcl wei
beach wrwst tie ewrait ant Ni flat tr=alire M etrre welt twewch a err trdwc ctia ire apeeMad r ttie woaoe wtwy resent i
aoee4ratle..t ilia wt¦a aeewrei b ells assclaatrre b iw+klr psreaeisig awl aerie et etc Mpery?. 'ore ..floe
stiff tiirrlrer iwhnw •arrwrar ai ere right w reiwANe aftler seceieratlow awl Ile right N avert i ats idaseclaswste pwaaig
ttie.e..er~lsfewea ~ w ieh.it w awp a1Mer iefeawe M 1i.rrwe: N awtiekratlese awl faeeelaawe. r tlbe tir~eaKl r wet iwrai er,
K tide ale sale a*aeliai i trs walks. II.ewier aI I.ewier*s ~ Wray ieelane all wt Itre attt¦s saewrei Oy 1~is llttsr/garie w k
iarssdiaieiy etiwe awl paysMe wMMwt frther dcaraad aei Wray ls+eeeleee lido lYlsafgags 1!? jetiisial ~sweaeiwR. Meade. ,w
k eaMNki N erNet r avert pr.aNiwg ai apewses of foreclaarrts, l.ela+irtg. tiwt ..f tti.ll.i M. rewwetila atturaep'a rice.
awl esafa at i.aa.arhq? sdrewee, slydrwer.w/ rlae repaer.
1! Msnwr'a R4M N Reirhle. Notwithstanding Lender's aooderation d the attrw sectreed by this Mortgage,.
Borrower shall have the rigln to have any proctedings-begun by Lender to colorer: ttsis Mortgage daoontinued u any tune
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