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Lender's written agreement or applicable law. Borrower shall pay the amount o[ all mortgage insurance premiums in the
manner provided under paragraph 2 heroot.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower arM~ I:endet~ ~,gred to other terms of payment, such
amounts shall be payable upon notice from tender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the raft payable from time to time on outstanding principal under the Note unless pa~rerteat of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
petinissibk under applicable law. Noshing contained in this paragraph 7 shall require Lender to incur any expetae or fate
any action hereunder.
f;. lraspectiott. Lender may make or cause to be made reasonable entries. upon and inspections of the Property. provided
that lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cowdewraatbw. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in situ of condemnation, are hereby assigned
and shall be paid to Lender.
in the event of a total taking of the Property, the proceeds shall bt applied to the sums secured by this Mortgage.
with the excess, it any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender {
otherwise agree in writing. there shall be applied to the sums second by this Mortgage such proportion of the procu.+d:
as is equal to that proportion which the amarnt of the sums secured by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balarroe of the proceeds
paid to Borrower. ,
if the Property is abandoned by Bor:ower, or if. after notice by i.ender to Borrower that the eondetenor offers to mate
an award or settle a claim for damages. 8nrrowcr fails to respond to Lender within 30 days after the date such notice is
mailed. Lender i< attihorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of tre
Property or to the sums secured by this Mortgage.
Unless [_ender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof of change the amount of
such installments.
10. aortower Not Rtkased. Extension of the time for payment of mvdifteatian of amortization of the sums sectrt+ed
by this Mortgage granted by Lender to any cuccessar in interest of Borrower shall not operate to release. in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sutras
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
tl. Forbearance by Leader Not a Wsirer, Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law. shall rent bt a waiver of or preclude the exercise of any such right or tetnedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lenders
right to accelerate the maturity of the indebtedtxss sectrrrd by this Mortgage.
12. Remedies Crarrh~e. 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 be exercised concurrently. independently or sut:oessively.
' 13. 5irecessors and Asigrs tlioaad; .Joint ~d Several i.iability; Captbas. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions' and headings of the paragraphs _ of this Mortgage arc for convenience only and are not to lie used to
interpret or define the provisions hereof.
U. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to x
Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herdn.
IS. Uniform MoAgage; Gorerniug Law; Sererability. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real properly. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of chic Mortgage or the Note conflicts with applicable law. such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
IL. Borrnwer's Copy. Borrower shall be furnished a conformed cop)• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trswder of the Properly; Assrrmptiow. !f all or any part of the Property or an interest therein is sold or tnnsferrod
by Borrower without Lender's prior wriucn consent. excluding (al the creation of a lien or errcumbratrce wbordinate to
this Mortgage. fb) the creation of a purchase money security interest for household appliances, (c) a transfer by devise.
descent or by operation of law 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 purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived such option to atxelerate if. prior to the sale or transfer, Lender
and the person to whom the Property is to be colt or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the inten-st payable on the sums secured by this Mortgage shall be at such rate ac Lender.
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s successor in
interest has executed a written auumptian agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage snd the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance M•irh
psraggraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums doctored due. if Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1R hereof.
Note-1,1NIFOant t;.oveNANlrs. -Borrower and Lender further covenant and agree as follo+rs:
If. Accdcrstio~ Retiedks. E:eept a prarWed b ptragrapl 17 hereof. ttpw lorrawar's btreaer at try corew~wt K
agrtereN o/ lerrowetr b lrr Mart age, rtclydrrg the corewarrfs to py wlew tae testy sawn tuewcti r!' Ws Mortgage. Leaser
rrior b aeeeleratlow rrba/ wail woNce to Iorrower as'rorided u pragrtrplt 14 Hereof fpecK~s (t) /rc Meacr: (t) tree tretMw
rgdred to care ttwcr rtYacr; (3) a date, woe las flaw 30 days trove tM daft Nre wotiet r wralkd /a )narrower. b wlkr aces
rreaer marts rte ct~ awl twat fails to cart sacr rtrescr ow or retore ere dale gecific~ i• ere wotiet gray restrk V
secekraNew d ere ttrrss starred bl' Irv Mort=a;e. forcciowre ry jrd{cial prtreea~iitrg trwd trek of ere rrr>?erty. Tre watitt
ttlall ttMrer Mrnrw •orrower d ere riRrt to reittstMe after aecekrMbw trtrd tre right b trratrt k ere foreerwne proete~
tic wow-a:irtewce d a rkfawk or arty after detewse of tdorr~ower to accekrMfow saved foreeforwre. N ere brrxr r not ewtsi ow
of befate ere date spcNed M Nee wotke. Ltwtkr at i.enders opittw wray ttccrt+e >r et ere ttwr ate<rrrcd b tYs MtrrtgsBe M ire
irsasedistely art acct pysbk witrort transer demand aad Wray foreclose err Morlgags ?y jttdreial prrreseitR. Lender s#+aN
re etrtiNed to aniat iw cocci N+aceediwg err expt:asa of foreclosure. iwctrtliag, rN woe tlwdhr N, nasewarie trtt.xrrrr's fees.
ass cats at doer-~ewtary eridewce, abstracts trtrd tick nc/otb.
19. Isonowa's Rfsrt to ReLNate. Notwithstanding Lenders acceleration of the sums secured by thro Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinuod st any time
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