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Leader's writlea sgteemeat a applicsbk law. Borrower shaA pay the amount of all mortgage inwrance premitutra im Ute
wraneer prarided under parapsph 2 hereof.
Any arwounfs debttrsed by Leader pursuant to tha paragraph 7. with interest thereon, shall become additional
_ iwdcbtoiwas d Borrower secreted by this Mortgage. Unless ~~trd Letr~er agree to other terms of payment, ,arch
aworarts shah be payable upon notice fear Leader to Borrowsr payment thereof, and shall bear interest from the
date of dis6ursaweat at the rate payable Iran tune to titre on outstanding principal under the Note unless in~eat d
irttaest at such rate would be contrary to spplicabk law, in which event such amounts shall bear interest at the highest sale
pamiar'bie ottder applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expeme of talcs
- asst sctiow heretradet.
1R ittrlaetisa Leader may make or carne to be made ressonabk entries upon and inspections of the Property. provided
that Lender shag give Borrower notice prior to any such inspection specifying reasonable carne therefor related to I.ardet"s
iwlesest iw the Property.
C~¦ieransefiaw. The proceeds of any award a claim for damages, direct or consequential. in connection with aq
oowdwtrsatiow a other taking of the Property, a part thereof, a for conveyance in lieu of condemnation. are hetsby atsigtted
awd shah b< paid b Lender. '
lw 1Le event of a total taking of the T'roperty, the proceeds shall be applied'to the sums secured by this Mortgage.
with tie excess, if nay. paid to Borrower. In the event of :partial taking of the Property. unless Borrower and Leader
otherwise apse iw writiaF there shall bt spplied to the sums secured by this Mortgage such proportion of the proceeds
ass equal b that proportion which the amount of the :rare: secured by this Mortgage immediately prior to the date d
tatirq< bears to fire fair market vahre of the Property immediately prior to t[x date of taking, -with the balarroz d the proceeds
paid to Borrower.
If tLt Pt~aperty is alrardorred by Borrower, a if. after notice by Lender to Borrower that the condemnor offers to tna)oe
>A award a stale s claim [a damages. Borrower fails to respond to Lender within 30 days after the date such tattee b
roofed, reader a autirorienl to collect and apply the proceeds. at Lender's option. either to r+estontion or repair of the
>Poperty of to the sums secured by this Mortgage.
Udas Lendtr and Borrower dherwise agree in writing, any such applicatan of proceeds to principal shag not rat/etrd
a poatporre the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount d
sndt ermBreeaRs,
2l1. ¦mrwrer NM Tltelnsei. Extension of the tirrrcfor payment or moditkation of amortization d the summs secured
b7 this Mortgage granted by letrder to any arooessor in interest of Borrower shall not operate to release. in any manner.
the tabTity of -the origiml Borrower and &+rrower's successors in interest. Lender shall not be t~equired to eomrrterroe
prooxdiags against such suocewor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this 11/artgage by remora of any demand made by the original Borrower and Borrower's successors in interw. -
11. >trishearawee i!? ieaier Nat a Waitrer. Any forbearance by Lender in exercising any right or remedy heretrrrder, or
oflterwi~e afforded 67? applicable law. shall rat be a waiver of or preclude the exercise of any such right or remedy.
7Lc procureestart d iastirantx a the payment of taxes or other liens or charges by Lender shall not be a waiver of Larder's
right to aooderale the mturity d the indebtedrras secured by this Mortgagt.
1L Be~cies C~r+e: All remedies provided in this Mortgage are distinct and cumulative to any other right or
resodt under this Mortgage a afforded by qw a equity. and may be exercised concurrently. independently or :troees:ively.
13L 'aoarasss: a¦d Asslgaa Betrwi:.Taint aril Several i.isbilly; Ca*fMr~s. The covenamt:, and agreeaxnts htsnein
oomtaiwed :ball bind, and the rights hereunder shall inure to. the.respective strocessors and sssigtn d Lender sod Borrower.
:abject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
'itse captions' awd lrpdimgs of the paragraphs of this Mortgage are for convenience only and are not to Ile used to_
kterpret a dt~ire the provisions hereof. -
iL Nstioe.. E:dept for any notice requirod under applicable law to be given in another manner, (a) any notice to
Borraaer provided for m this Mortgage shall be given by mailing such notice by certi9ed mail addressed to Borrower at
fife Property Address a at such other address as Borrower may designate by notice to Tender as provided herein. and
(b) nay notice to Leoda shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
~i sncL other address as Leader may desiprate by notice to Borrower ss provided herein. Any notice provided for in this _
liatgsg~e sbaB 6e deemed to have ban given to Borrower a Lender when given in the rtr:ntrer designataT herein. _
llarism 1Nsrlgaga Ge~vesaiwg Lsw: Severalliity. This form of mortgage combines uniform covenants for national
see asd non-nmJons eo~r~errants with limited variations by jurisdiction to constitute a unifornr security instrument covering
real property. Thrs Mortgage shaft be governed by the law of the jurisdiction in which the Property is located. la the
event that arty provision or clause of this Mortgage or the Note conflicts with applicable law. -such conflict shall not affect
other provisions of this Mortgage or the Note which can 6e given e6ect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note are dtxlared to be severable.
!i~ Bassawes'ti Ceg~. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the titre _
of aretartiow or after recordatioe hereof. -
17..'lleaissfer of fie 1rlWesty: As~fiaw. if all or any part of the Preperty or an interest therein is sold or transferred
by Borrower without Leader's prior writtctt consent. excluding fa) the creation of a lien or encumbrance subordinate to
this Mortgage. (b) the txeaban of a purchase money security interat fa household appliarroes, (c) a transfer by dtvise,
desoesrt a by operation of law updr the death of a joint tenant or (d) the gent of any leasehold interest of three years or less
not oontaiwirrg ao option to purchase, Lender may, at Lender
s option. dxlarc all the sums strctrred by tha Mortgage to be
israedatdy due amd payable. Leader shall have waived such option to accelerate if. prior to the uk or transfer. Lender
sad the persow to whom the Property is to be cold a transferred reach agteertrent in wasting that the credit of such person
a satisfactory to Leader and that the intcnst payable on the sums stxured by this Mortgage shall be at such rate as Lender
aLa~ tegaesL if Lender has waived the option to atxekrate provided in this paragraph 17. and if Borrower's successor in
iMaest Las eaectMed a written assumption agranrent ataoepted in writing by Lender. Lender shall release Borrower from all
o6iirstiows render this Mortgage and the Note.
lff Lender aoarisa such optaa to atxekrate, Lender shall mail Borrower notice of accekntion in acoordancc v?•ith
pswpapb 14 6eteof. Surds trotice :ball provide a period cif rat less than 30 days from the date the notice is mailed within
whirls Borrower essay pay the stems declared dire. if Borrower fails to pay such sums prior to the expiration of such period.
Loader twat'. witboat fnrtber notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Ntws~trmonw C,avEwrxrs_ Borrower and Leader further COVtnaM and agree as follows:
li. A~oedaaeflswt >Rametlies. EmWt as !r'M'M~ ~ l~aM 17 iereaf. sPoa Batrnwds- <lsaaeL d any eaveaawl K
s~e¦t at Bassrlwer is tlYs Mastipge, Yelnig eie ea-+erssntr t. !n7 when ire aq stows seewrei b tits Mertgttge. ieaier
pdstr tr+aeedesaefiaa nisi nor wsefice are Bsswwer s pn.Mei i. psrapa/h 14 htasof sledtyfngs (1) tic isrtaei: (2) Ute at:Ww
segnirai to ere ttwJ iseaeM {3A • fit; nut less fr 3i traps ftrrtt tie isle the woUce i. tWci M llernwer. h!' wikL sneL
hssael? tsrast Le etsetTC ta.i fiA east faYwe ttr care s~eL trreaci a K ief~re Use isle s*etli}ei r fie wfatict taq result V
aeoeiesseflsa sit eLe :was ::easel b ells Mttt~age, fs~eeMwrre b pr+seaeiMsg awd sale of Use Tro'erty. 'lire wetioe
sib B¦t;en isiism Bseawirr d tie right to r~einsdtc offer neeeleraUea awl the right M assert i• the feseeNsate ptoe~seattg
tits ass?tadMeaee d a idaaB sa asst fella dlderc d iMrrrw~er ter aecderallsw awl tareeliastwe. lU Are hsrtacL Y wort easel N
~ Mfise tie isle s*stMeta is elle astic~e. Ltirtder at 1
srrder~s Wllow rwt)? ieelsre err at the swwts secarei i~? IW MarlpRt 1w be
i~eitely tlwe a¦i p.l?aYe.rTeia¦t tnrua ie.rawi awl wa7? t~reclsse this M«tgsge b IOW w~R. Lender .MM
he sarei ti asitset i• awes psaeesrirg si ~ .f firsclssase, Iwelaisg. h¦t ast iirwilei M. s+easottsiMt sltvrsey's lea.
>r nsse?t of inenaen~tsry eviieaee, alslracts awl title re*arb.
Bsssrwalr Bert to ~ Notwithstanditrg Leader's aooekration of the :urns secured by thn Mortgage.
Bonoeer sW bsne the ryht a have say proceedings bsgurr by Lender to enforce this Mortgage discontinued at any time
BOpK317 P~Ei582