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l trader's written agreement or applicable law. &irrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with uitereu thereon, shall become additional
indrhtedness of Borrower secured by this Mortgage Untres Borrower and 1 ender agree to other terms of payment, such
amounts shall he payable upon notice from 1 ender to Born?wer rcyue,ting payment thcrcu(, and shall bear interest from the
dale of dishursrment at the rate payable from time to time tin outstanding pnncipa) under the Note unless pt?j?rnertt of
interest at such raft would t+e contrary ai applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing runtained in this paragraph 7 shall require 1 ender to incur any expense Or take
any action hereunder.
8. Itrspecfbn. Lender may make ur cause to t+e made reasonable cntrie, upon and mspcctions of the Property, provided
that Lender shall give Borrower rattier prior to any such inspectu~n specifying reasonable coax therefor related to Lender's
interest in the Property. .
9. Condemnatbn. The prexeexlc of any award or claim for damages, direct ur consegtxntial, in connection with any
condemnation or other taking of the Property, ur part thereof, or fur cunvcvance in lieu of condemnation, are hereby assigned
and shall he paid to Lender. -
In the event of a tidal taking of the Property. the pn>Lrcdc ,hall Fx applied to the sums xcured by this Mortgage,
with the eccess, if any. paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
otherwise agree in writing. there shall t+e applied to the sums ucurrd M• thi, Mortgage such proportion of the proceeds
as is equal to that proportion which the amount n( the sum, ,reared by this Mortgage immediately prior to the date of
Taking bears to the fair market value of the Prupe:rty imrnrdritely pour to the date of taking. with the balance of the prorxeds
paid to Borrower.
if the Property is ahandunc.i hp Bor.owcr. or if after n+~ticc by I ender to Borrower that the condemnor oflon to mate
an award ur settle a claim fur dama~r,. Bi~rmwrr f.id, m rey~r+nd to I .ender within 20 days after -the date such notice is
mailed. Len:ier is authorirrd to rnllect and appiv the pmcerdc. at Lender's option, either to restoration or repair of the
Property or to the sum, secured hr this MortRaee.
Unless 1-ender and Borrower otherwise agree in w rihne. am such application of proceeds to principal shall not extend
or postpone the due date of the momhl~ imtallmrnts referred to in paragraphs 1 and 2 hereof or change the amount of
such i,istallments-
10. Borrower Not Released. Fxtencion of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by I ender to an,• criccessor in interest of Borrower shall not operate to rcleax, in any manner,
the liability of the original Borrower and Be~rrowcr', successors in interest. i-ender shall not be required to commence
proceedings against such successor or refu,e to rstcnd time for payment or otherwise modify amortization of the sutras
secured by this Mortgage by reax,n u( anp demand made by the orieinal Borrower and Borrowers successors in interest.
11. Forbearance by Lender hot a Waiver. Any hut+rarancr M• I ender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law. ,hall rent he a waiver of or preclude the e>sercix of any such right or remedy.
The procurement of insurance or the payment of taxes ur other liens ur charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indehtcdness secured by thin Mortgage.
12. Remedies Cumul:time. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity- and may- he exercised concurrently, independently or successively.
' 13. Successors and Assiges Boiind; .Joint and Several Liability; ('aptbns. The covenants and agreements herein
contained shall bind, and the rights hereunder shall murk to. the respective successor and assigns of Lender need Borrower.
subject to the provisions of paragraph 17 hereof. .All covenants and agreements of Borrower shall be jolty and xveral.
The captions and headings of the paragraph, of this Mortgage art for convenience only and arc not to be used to
interpret or define the provisions hereof.
14. Notice. Except for any notice rcyuirrd under applicable law to be given in another manner. !a)_any notice to
Burmwer p;ovided for m this Mortgage shall he given by mailing such notice by certified mail addresxd to Borrower at
I'~ the Property Address or at such other addre„ a, Bnrn.wer rnav designate by notice to Lender as provided herein, and
(h1 any notice to Lender shall he given by certified m:ul return receipt requested. to I eneler's address stated herein or to
such other address as Lender may designate hp m~t~re to Born+wer as provided herein. Any notice provided for in this
Mortgage shall he deemed to have been given to Borrc.wcr ur Lender when given in the manner designated herein.
15. Uniform Mortgage; Governing Ia..: Severability. This form of mortgage combines uniform covenants for national
E ux and non-uniform covenants with limited variahonc by jurisdictinn to constitute a uniform security instrument covering
real property. This Mortgage shall he governed by the law of the jurisdiction in which the Property is located. In the
E event that any provision or clause e+f thi, Aortgage or the titre cor?flicts with applicable law, such conflict shall not affect
other provisions of this Mortgage ur the Notr ..bleb can t+e given eQect without rho conflicting provision, and to this
end the provisions of the Mortgage and the ti+~te arc declared to he severable.
! 16. borrower's Copy. Borrower ,hall hr furm,hed a conformed cop}' of the Note and of this Mortgage at the tune
3 of execution or after recordation herr:~f.
~ 17. ,Transfer of the Property: Accumptiun. If all nr am pan of the Property or an interest therein is sold or transferred
l by Borrower without Lender's prior wnnrn i~+ment. culuding 131 the creation of a lien or encumbrance subordinate to
this Mortgage, (b1 the creation of a pur:h~,r m+~ne~ ,ecunty interest fear household appliances, (c) a transfer by devise,
c descent or by operation of law upon the death of a joint tenant or (d? the grant of any ieaxhold interest of three years or less
not containing an option to purchase. I ender map. ar Lender', option, declare all the sums xcured by this Mortgage to be
I immediately due and payable. Lender shah ha~c u:o,rd such option to accelerate if, prior to the salt or transfer. Lender
1 and the person to whom the Property i, n+ hr ,old ur transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the imen•,t payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. If Lender has waived the option ro accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written assumpnon al;reement accepted in writing by Lender, Lender shall release Borrower frcirn all
fil'ill~3tivi,S iSi~d2r this Mortgage aid :hr Note.
If Lender exercixs such option to accelerate, (.ender ,hall mail Borrower notice of acceleration in aeeordanc~ with
paragraph 14 hereof. Such notice shall provide a period of not lest than 30 days from the date the notice is mailed within
which Borrower may pay the sums denoted due. If Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further nonce or demand on Borrower, invoke any remedies permitted by paragraph lA hereof.
Norr-LINIFOaM COVENANTS. Borrower and Lender further covenant and agree as follows:
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18. Accrtkratbs; Remedies. E:ceps >m pro. Wed in paragraph 17 hereof. upon botmowitx's btrcacb of arty coirewast or
agreetaitat of Borrower In this Mortgage, irrcludirrg the cotenants to pay whew tine any sums ttKCStrttd bq this MotrtRrTse. Lewder
tit prbr to nccekwtbw shall mail sotke to Borrower ss provided In paragraph 14 hereof specKyiat: (1) the bttitncb:121 tk action
e+egaired to core ttrtc6 6reacb; (3) • date, toot kss than 30 days from the date the notke fs maned to borrower. ~ whkh such
~ breach mtast be ntred; asd (1) that fdlure to cure such breach on or before the date speclbed b the wotke may raWt iw
~ necdetratiorr of the swttss second by this Mortgage, forccbsuirc by judlclal proceeding awd sale of the Property. The sotke
shall further inform borrower of the right to reinstate after sceielerntbn and the right to attseA is the toreelossre psoe~
the son-esisttnce of a dehuN or nay other defense of Borrower to accekrstbw and foredowrt. H the breach Is wet ewred ow
or before the date specified iw the tsotke, lender at Lender's option may declare a9 esf the strews st:csred bI' ebb Mortg~e flu be
imeredLtdy due and payable without further demand and may foreclose this Motttgitge by judkW proteedisR. Lender shall
M: tatitkd to collect iw ttsch proceeding sp expenses of foreclosure. factudis=, Met error limited to. ressosabie rrtturner't fees.
atsd costs of docr'!eewtsry evidence, abstracts and titk reports.
19. botmowet's Right to Reinstate. Notwithstanding t enrler's acceleration of the sums secured by thin Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontintscd at any tithe
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