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' Lender's written agrcetetent a spplicabk law. Borrower, tebaU pay the atnoud of ap
meaner ided under r itnstoance preaaittans ig the E
~ pa 2 hereof. + L
• Any amounts disbursed by Lender pursuant to !hit p/ra~r tsptt~7+ ~th iotetest thereon. shall becorrta additional
indebtedness of Borrower secured by this Mortgage. Unksa axr~ower and Lender spree to other terms of paytrsatt. such
smounts shall be payable upon notice from mender to Borrower requesting payment thereof. and shall bear interest froaa the
date of disbursetrtertt. at the rtes payable from time to tints on atttstartdittg principal under the Nob unless payaratt ~
interest at such me would be contrary to applicable law. in which event such smounts shall bear interest at the rate
permis:ibk under applicable law. Nothing contained in this paragraph 7 shall require lender to irtcttr any expeaae er take
say action hereunder.
i. Lends may make or cause to be made ressonabk entries upon and inspections of the Property, provided
that Lender shall give 8nrrower notice prior to any such inspection specifying reasonable cause therefor related b Lardet'"a
interest in the Property.
Cam. The proceeds of any award a claim for damages, direct a consequential. in oortrtoctioa wqi any
cogdemnatan.or other taking of the Property. or putt thereof. or far conveyance in lieu of ooadema:tiow. are Iterdry aasigoed
and shall 6e paid to Lender.
In the event of a total taking of the Property, the procoeds~ shall be applied to the sums secured by Mis Mortgage.
with the execs. if any, paid to Borrower. In the event. of a partial taking of the Property. unless Borrower and Larder
otherwise- agree in arritirtg. there shalt 6e applied to the synts secured by this Mortgage such propatidt of tba pntoeedt
as is equal to thst proportion wfiich the amount of the sutt~ centred by this Mortgage imtrtediatdy pries to the data d
taking bean to the fair markN value of the Property immediately prior to the date of taking, with the balattoe of the proooeds
• paid to Borrower.
- If the Property is abandoned by Bor.~owrer• or if. after notice by Lender to Borrower that the eondeaanor oBas to tmrioa
an sward or :stile a claim for dsmaaes. Borrower fails to respond to Lertder_within 30 days after ~ihe date such notice b
mailed. Lender is authoruod to collect and apply the proceeds. at Lenders option. either to restoration or repair d tM
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writintt. anl? such application of prooesds to principal sha8 not sated
or post,orte the dus date of the monthly installments referred to in paragraphs t and 2 hereof or daage the amount of
such instalttttents. .
i!. loreewer Not Releaaei. lattension of the time for payment or modilkatan of arttottintion of the susaa :seated _
by this Mortgage granted by Lender~to any successor in interest of Borrower shall not operate to rcleste. in any manner.
the liabiKty of the original Bomorerer and Borrower's successors in interest. Lender shall rat be required b comtnt:noe
proceedings sgaitsst such suaessor or refuse to extend time for payment a otherwise modify amortittion sf the sumt
secured by this Mortgage by reason of any demand made by the original Borrower and Borrawe~s aucepsors in interest.
il. Faiearawee iy iewier Nat a Walver. Any forbearance by Lender in exercising any right or remedy hereunder. or
otltenrise aRorded by applicable .law. shall rat bt ~a waiver of or pceclttde the eatercise of any such right or remedy.
The procurement of insunaoe a the payment of taxes or other liens or charges by Larder shad not be a waiver of Larder's
right to aeceknte the maturity of the indebtedness secured hY this Mortgage.
i2. Retieifes Ca~rthars. All r+emediss provided in this Mortgage are distinct and nnrtulative to any other right or
remedy u"rtdtr this Mortgage or alfoi~ded bryr law or.equtty and may be exercised thr. itdependently or suooewitrely.
13. 9.eee.aars a.a Atwigwa Bswtt~ Jokt awl Several IjsiiU?; Ca*titwa. The covenants std agreement herein
ca:tained shalt bind. and the rights hereunder shall inur+g to. the.respective suoowon std tasi~grts of Lender sod Borrower.
wbject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower :!tall be joird and .several.
The captions' attd headings of the paragnphs of this Mortgage an for erortvenience only and are not to tae used to
interpret or ddnte the provisions hereof. -
Id. Noatl!. F.xeept far any notice roquir+ed under applicable 4w to be gloat in another manger, (a) any ttotioe to
Borrower ptovidod for in this Mortgagee shall be ,given by mailing cud! notice by certified nw'1 addressed to Borrower st
the Property Address or at such other address as Borrower may desiptate by notice to Larder as provided herein. and
(b) any notice to lender shall he given by txrtiRed mail. return ~retxipt requested. to Lender's sddress, stated Itaebt or to
such other address as Lender may designate by notice to Borrower ss provided herein. Any tatrtx provided for in this
Mortgage shall bt deemod to have been givrn to Borrower or Lender what given k the master designated herein.
1S. Utdtoras iNorgptgr; C.oversittR Law: SeverrtbiWy. This form of mortgage combines uniform covenants for natiaaal
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securiry? instrutrtatt eoYaiag
real property. This Mortgage shall be governed by the law of the jtttisdiction in which the Ptoperiy a In the
event that any provision or clause of this Mortgsge or the Note rnrdlicts with applicable law. teach ~eontlict shag trot eraser
other provisions of thk Mortgage or the Note which can 6e given effect without the eonAictirtg provision. and to the
. end the provisions of the Mortgage and the Note err declared to be severable:
ii. Rtasrewer's Cefr Borrower shall be furnishod a corfomted cop) of the Mott and of this Ma~rtgage at the '.'tone
of execution or after recordation hereof. - -
17..7ltatrrter of the Tropesty; Aastnrtptlow. if all or any part of the Property or an irtta+at therein is :old or trsrtst'erred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or atcumbrance subordinate to
this Mortgage, (b) the creation of a purchase mcxtey security interest for Itesnehold appliances. (c) a transfer i+y devwe.~
destxnt or by opt:ntion of law upon the death of a joint tenant or (d) the grant of any Ipseltold interest of three scan or less
not containing an option to purchase, Lender tray, at Lender
s option. declare all the sums socurcd by this Mortgage to be
.immediately due :td payable. Lender shall have waived such option to aooderab if. prior to the sale a transfer. Lender
acrd the person to whom the Property is to be sold or tnnsferrcd reach agreement in writing that the crodit of such person
is satisfactory to Leader and that the interest payable on the wms socured by this Mortgage shalt 6a >u such me as Lettda
shall r+egttest. if Leader has waived the option to aeoekrate provided in the paragraph 17. and if Ho~rmwers wootxsor in
irtterett hss exaatted a written ateseattption agr+txmatt stxepted in writing by Lender. Lender shall release Borrower from aB
obljgatious under this Mortgage std the Nae.
If bender execctses such option to aetxkr:te. Lender shall mail Borrower notice of aceekration in acoordancc with
paagraph 14 haeo. Stitch notice shall provide s period of tat less than 30 days from the date the ttosioe is mat'Ied within
which Borrower roes pay the sums dalared due. If Borrower faih to pay such sums prior to the expiration of such period,
I,ertder may. without furthex notice a danand on Borrower. invoke any rcmtxlies peg
nutted by paragraph 18 hereof.
. ,
Notr-tlttttroat?t Covexst~. Borra+rer and Leader fuetixr covenant and agroe as folbws:
li. Ae+esientla~ Raweiias. B:cept ass prerNei 's psapa/b 17 Mss+a1. tspaa >>ene~rrp'a isesadt et aq cs+erustt et
agrsaswt s~ >tereewetr lt, this Mestgatge, iaAwiwg ie eevettaaes to py when cwt errs owwa sseesea ~ tltla Iblaetg~e. tiwtttler
*eietr b aaNaaaaw abaci wtaY ..ace b lassesrer its pnvl3ed is p..aparh tt bes+a[ speeryYgs (1) t1e itrRweb !2! the tseaaw
s+piea ease teach iteatig (3) a dale, tat ins taw 3i lays /retw the date tlae woaet r twaBtd b Baarnawer. h wYeh sweh
tietrtaei ttsasR be etstelt awl to tat fire ewre web ~seaei+ ~ er befaae the dace a*ae~ti r tbt waaete stag :reset r -
tsaviasaatw et ~ rater saearea b tltic 1?la>~e. I~es~eclaawte b }isle! pseeseiag ttstt twle w llte !'teperg~. 'itre aaaa
shall fisltwtr ttsl~irs >ierrewet e/ tlbe rat N seiwale titter aeceleredaw awl the sat is ttsaert tw tit htaalaa~re pswotti'ittg i
bt: waw•te~ee et: aefawM er tsay sties. ldewae of lasrewtr b accaknlitw aai fereeltaese. ~ tlrs iseaci is sat earei eat
K refnt tie dale slecYta !w art atYre. Levier b i.e.aer~s.ptlere way ltetr.e ati a[ the taws aaestnai b ilia Maatggpt fe k
iwtweialeiy awe two pgwe.•ltMwl feather iewatM ttrti stray fasteiaae ttsla lrlart;,age b ~seeetittR. Levier dtdl
M ewllBti M ce~at;t is aweb raeeeeaiag ti t>t~aaa of teretlawtee, itdwefiwg. Dwt ester iwllsa M, reawwnYe tNtnrae)'a fee.
twi caaft 1 ieaustaMary evMeaoe. arafraels awe title t~epestse.
1!. lesrewa'a )Rat N RetaMalt. Notwithstanding Lcrtder"s aooderatioc d the :rtes: setaw+td by the Mortgage.
Borrower shall have the right to have any proceodings begun hy~Lettder to eatoroe this Mortpge diaooettirtued u arty time
- ~ ~ a~4 P~2~.67
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