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Leader's written sgrcanetrt or applicable Iarr. Borrower shill pay the amount d aq nartgsRe iawraaoa pnmiunrs iw the
n?antrer provded undt=r par~raph 2 hereof. '
Aay sneounts disburud by Lender pursuant to this paragraph 7+ vrirlt ~ tat thereat. shall become adttitionsl
indebtedness of Borrower secured by this Mortgage. Unksi Borrovves atxl l.eir~s~grce to other tetras of prytnpN, such ~
amounts shall be payable upon acrtece from Tender to 6onnwer requesting payment thereof, and shall bear interest it+om tht
date of disburserrren! at 'the rate payable from tithe to t~.rrt: on outstanding ;principal render the Note unless Pam of _
in*--crest at such rate would be contrary to applicable law, in w!rich event sudr amounts shat! bear iaMest at the highest rata {
permisst'bk turdrr_applicabk taw. Nothing contained in this paragraph 7 shall regain Leader to incur goy expewse a talcs
any action hereunder. - -
fi. hspeelisw. Lender fogy make nr testae to be made reasonable entries upon and inspe~iions of the Property. prcwided i
that Lenckr shall give Horrorrrer notice prior to any such inspectiarr spetifyina reasotrahk cause therefor related to L~srrdertit
interest in the Ptope~t/. -
9. C~ The pa+ceeds of any award or claim for damages, dir+t:cl or oonsequeMial, in eoonectiea with any
condemnation or other taking of the Property, or putt thereof, a for corveyanee is lieu of coademaatiar. an hetebir as:igaed
and shall be paid to Leader. -
in the event of a total taking of the Property; the pro:•eeds shall be applied to the sums secured by this MuttgaBe.
with the excess. if gay, paid to-BormrYer. in the event of_a partial taking of the Property. unless Borrower and I.etder
otlrerwae agree in writing. there shell be sppiied re the sums secured by this Mortgsge such proportion of the poooedR
as is egwl M that proportion v?fiich the amount of fire sums secrrrcd by this Mortgage immediately prior to the date d
taking bears to the fair market value of the Property immediately prior to the date of taking. with Nee balatroe of the ptooeeds
paid. to Borrower. - - .
If fire Property is abandoned by Borrower. or if. after rptice by Lender to Aorrower that the condemnor offers to teraioe - t
an award or settle a claim for damages, Borrower fails to tapered to Lender within 30 days after the date suds notice is
lrraikd. Lender is authorized to collect and apply the proceeds. at ierrda's ~ptioe.. either to re~oraiion or tt~sit at tiles
Property onto the sums sxured by this Mortgage. -
Unlas Lender and Borrower otherwise agree in writing. any such application of proceeds to prir+cipal shall not ettlnad
or postpone the due date of the monthly installments referred ~to in.paragraphs 1 and 2 hereof or change the amount o[
such installments. ~ - - .
11. Ders~ower Not Rekatei. Extension of the time for payment or modification of amortization of the segos strttrried
by this Mortgage granted by Lenckr to any successor in interest of Borrower shat! :tat operate to nksse. is -any manner -
the liability o.` fire original Borrower and Borrawer's successors in interest. Lender sha0 not be required b eommenoe
proceedings against such srrocessor or refuse to extend time for payment or otherwise moai[y anrorfwtion sf the arms - ~ -
sccured by this Mortgage by reason of any demand made by the original Borrower, and Baro~rers successors is hrter+est.
11. RorDearawce r!' Ltsier Not a Waives: Any forbearance by Lender in exercising any right or remedy lrenrtirder. nr
' otherwae afforded by applicable law. shall rat be a waiver of or pr+echrde the e.~ercae of any such right or temsdy: ~
The procurement of irarrnnoe or the payment of taxes or other liens a charHes by Lender shall not ?re a wairor of I,grder's
rislrt to accelerate the maturity of the indebtedness secured by this Mortgage. _
li Rernsiks llwwrdali~e,. All rerrredies provided in this Mortgage are distinct gad cumulative- b any other right or ~
remedy under this Mortgage or afforded by law or equity. and may be exercise ' ooncurt+ently, irrltperrdendy ar' srroctssiv~ty. -
13. Stccesssss sari Asskss lsouai: Joist awl Several i.is6iliy; Carliews. The oovenanis and sSreeaneats hteeirr
contained shall bind, and the rights hereunder shall inuurt to. the-t!espective s"iocessors seed sssigas of Leader apd Borrower-
subject to the provisions of paragraph 17 hereof.- Atl covenants and- agreements of Borrower ahsll be joiN and several- -
The captans' and headings of the paragraphs of this Mortgage arc for convenience Doty and are not to lk toed to t
interpret or define the provisions hereof. - -
14. Notice. Except for any-mice required under applicable law to 6e given in another mantra. (a) any notice to
Borrower pN_
vided for in this MortgaZte shall be given by mailing such notice by eertitkd mark addreaed to Harrower at -
the Property Address or at such other address as Borrower may designate by naix to Leader s: provided herein. and
(b) any notice-to Leader shall he given by certified mail, return receipt requested. to Lenders address stand herein a ~
such other address as Lender may designate by notice to Borrower as provided herein: Aay notice ptavided far in this
'i Mortgsge shall be deemed to have been gi.•cn to Borrower or Lender when given in the matures desiprrlted herein.
I 15. Uslfostw Me>+~s, Gera~sairgl Law: SertsslsiWl. "flris torso of rnottgage cat?bitra uniEoRtn c~aatrt: for national _ k
use and non-uniform covenants with limited vsriasions by jurisdiction to constitute a unifo:-m security fiutnrnrart corning
heal property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Ia the
went that any provision or clause of this Mortgage or the Nde rnnflicts wish applicable law. strclr eonflic! shall not allect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
end the provision of the Mortgage and the Note arc declared to be severable.
lf. )lorrower's Coq. Borrower shall be furnished a confomred cops of the Note gad d this Mortgage at the time
of execution or after recordation hereof.
1?. ~Trsorfer of tee Pro'esty: Aaworptiow. if all or any part of the Property or an irrlerat therein is sold or transferred
b'~ Borrower without Lenders prior written consent. excluding fa) the creation of a lien or encumbrance srrbordmate to
the Mortgage, (b) 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 cf a joint tenant or fd) the grant of may leasehold interest of three years or less
not tx+rrtaining an option to putehase, Lender may, at Lender's option. declare ell the starts strcured by this Mortpge to be
immediately due and payable. Lender shall have waived such option to aorxkrsse if; prior to the sale or transfer. Lender
gad the person to whom the Property is to be cold or transferred reach agreerrrent in writing that the credit of such person
is satisfactory to Lender :red that the intcrest payable on the sums secured by .this Mortgsge shall be at such me as Cerrda
shall request, if Lender has waived the option to atxekrate provided in this parsgraph 17. and if Borrower's srrooasor in
interest has executed-a written starurtption agreement accepted in writing by Lender. Leader shall release Borrower from all
obiptions under this Mortgage sad the Noce. ~ _
If Lenda exercises such option to accelerate, Lender shall mail Borrower notice d aaeleration in aocordancs: with }
pswgrsph 14 hereof. Such notice shah provide_a period of tat less than 3t) days from the dste the ratite is mailed within _
which orgy-pay the sum: declared due; If Eorrower fails to pay such wens prior to fire ettplration of teeth period. `
Ltadcr may. without further aotioc or demand on Borrower. invoke say remedies permitted by parsjraplt Ig hereof. j
Now-UNetrotenr Cover+axrs. Borrower sod Lender further covenant and agroe ss follows: -
IS. Aeeelasrrits>; Rer~. >gx'grt as ~teri3ei ~ t7 Yeses[. rrPen Hesssrtrra"a itraei rt ttwy a~seswstrt er
t sp+tettseat et 1srs+twa fa Nrit lYidrtaage. 6reFriiai lilt eerEnaals Is psP mien ise trty wens sesarei tilt Meetgags. ltsier
p;
itr k seetlasa.. +ris/ wrsii iwlice N it+ssr>+rter s r pnigesplr l4 lwswt spediritgs C•) lire Ouesela !2i Ht setlMw ~
ragait+ei M ew+t wei iersek s dale, wet less greet 3i clays teaw tic isle Nrc psNc~e Y tsrttflei w iisrsrwer. b wtki wd l
' lYsewelr swtt tae ewreit swi t4?. list taiin+s w estrt stsei irr7•aclc o. K edge lit isle apeeMed r Nee wotict strap rtsrat iw - ~
waaieratlsw et the atsms seetrai ti this Mtastgtge. gsadoswrt M hde}at psrctei~ sill sale rt tie irnpesly. 7La wsNee
stssB ffestier i¦tosss >foste*et et lie right N relwtrrlt after sceekssNow swi tie rlgit a sreA V tie fisrrcittwe pwew~it~ ~
- ~e wow-e>dsf,a~ee eI a ietsait er awy ether iefes9e wf eorra~rer N ~ of firs stu¦t stcae~e! ~ bile `1Mielgs10t ss Ire j
sr More tic isle s'eeYal i• tic wotl~Y. ledtr,st Lewder's epNw ttispr '
itatr~sttl: iwe swd pysYe atNtortt frtrlfxr dcrnsa6 std Tray fertciae title Ma1pHe i! }ieftl }rwosed~. lender ~
k fit! p oditet fw wilt pssc+eeiiwG a/ a of teredtwnr. fwel~iiog. irlf weR ifrrMsi M? s+esttwYe s+tturaers fxes,
awtt alit of istaataewlar' e~fiewee, a6slrwels swtl ttNc repwb. t'
1! >sets~wa'It RKM a >R~hde. Notwithstanding Lenders aeoelention of the tames scatted by the Moesgage. i
6ocrawtr shall have the right to have any proceedings begun by Lender to enforce this Mortgage drscoatinued ac gay time ~
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~ B:~J~~ PdGE
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