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Leader's written agreetneat or applicabb law. &+rrower shaft py the amount at aN ntoctgage insurance preaaietats is, tbs
manner provided ~teder paragraph 2 hts<eof. .
Any amounts disbursed by Lender pursuant- to this paragraph 7, with interest thereon, shag become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other te:raw eft payatettt, such
amounts shall be payable upon notice from Lender to Borrower tegeeesting payment thereof. and shall bear interest (rots the
date of disburaemaet. at tl,e rate payable from time to tune on outstanding principal under the Nuts useless paymast of
interest at such rate would be cont.-ary to applicable law, in which event such amounts shall bear interest at the highest rsle
permi::e'bk ,order spplicabk taw. Nothing contairr~d in this paragraph ?shall requite Leredcr to incur asy experge a tsloe
any action leereetader.
al. lospectists. Lender may mske ~ r cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall Rive Borrower notice ~ free to any such inspection specifying reasonable cause therefor related to Lesider"s
interest in the Property.
9. Cawiewnalb.. The proceeds o: any award or ctiirt~:f4r e~ireji~s. direct nr oonsequetttial, in ootteectios with goy
condemnation .or other taking of the Property. a part thereof. or for conveyance in lieu of eondematetioa, are her~r astigsed
and shall bt paid to Lender, -
1n the even! of a total )eking of the Property, the proceeds shall be applied to the sums- aeex?fed by the 1?tortg4le.
with'the e,ccens, ii nay. paid tp Borrower.. in the event of a partial taking of the Property, unless Borrower sod I~eedet
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proeeieds
- as a egwl to that proportion which the amount of the' sums secured by this Mortgage imrrtediateay prior to the dale o[ -
tslcittg bean to the fair market valor elf the Property. immediately prior to the date of taking, with the balattoe of the p~ooeedt -
paid to Borrower.
If the Property is abandoned by Bor, over. or if. after notice by Lender to Borrower that -the oondemoor oQers tD tttei>ns
an award or settle a claim for dainaga. Borrower_ fails to respond to Lender within 30 days aftu'the date such notice ie
mailed, Lender is atshorized to collect and apply the proceeds, at Lender's option. either to restarat~on or repair of ttie
Property or to the sums secured by this Mortgage. - -
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to prirte~al shall not eaderid
or postpone the due daft of the monthly installments referred to in paragraphs 1 and 2 hettof or change the aaiorttit elf
such installments. - -
- - 19. Borrower-Not ltde~aoi. Extension of the time for payment or modiQcation of amortization of the steers sectued
by this Mortgage Granted by Lender to any successor in interest- of -Borrower shall not operate to reksse. in say manner.
the liability of the original Borrovwer and Borrower's successor in .interest. Lender .shall not be required to commence
proceedings against setch successor or refuse to extend time for payment or otherwise modify amortization sf the units
secured by this Mortgage by reason. of any demand made by -the orifinal Borrower and Borrower's sticnessors in interest.
11. Foriearawce ti Letwier Not a Waiver: Any fc,rl,earanex by Lender in exercising any right or remedy lteramder, a
otherwise alfordcd by applicable law. shall not be a waiver of or prechtde the exercise of any such right or remedy. -
The procurement of-insurareoe or the payment of taxes or other liens or charges by Lender shall not bZ a waiver of Lenider's
right to accelerate the maturity of the indebtedness secured 6ry this Mortgage. _
12. -Reaweiies Casnhetive. All rernediee provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage a alForded by law or eq~aty, and may be exercised 4orec»rrently. independently a wooessivdy.
- ' 13. 9eseceasas sere! AsaiRas Bowl:.aoiat area Several 1.iahiBfy; Csltroat The covenants and agreematts herein
contained shall bind, and the rilthh hereunder shall -inure to, the.rapective successors and assigns of tender and Borrower.
- wbject to the provisions of peirsgraph 17 hereof All covenants and agreements of Borrower shall be joiN and several.
The ewgans' and headings of the paragraphs of this Mortgage: are for converi,ertce Doty and are not to Ile used to
interpret or define the provisions hereof. -
14. Ne,free. Except for any notice requird under -applicable law to be given in another manner. (a) grey notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by ceri&d ma[~ addressed to Borrower at -
- tli` Property Address or at such other address as Borrower may designate by notice to Lender ss prcwided herein, and
(b) any notice to Lender shall be given by certified mail. return reexiq requested. to Lat"br's address stated htsreat or w
such other address as Lender may designate by notice to Borrower es provided heran. fay notice provided far in this - -
Mortgage shag be deemed to have been given to Borrower or Lender whey given in the tnarttter ~ herein.
• 1S. Unitast Morgpelpe; Goverai.g Lsw; SeverabpitX. This form of mortgage combing utiforni ooMenatets for national
- tree and nor-uniform covenants with limited variations by jurisdiction to core:titute a tmiform security irestrurneret covering
real property. This Mortgage shall bt governed by the law of the jurisdiction in which the Property is located. to -the
svaet that any provision or clause of this Mortgage or the !Vote conflicts with applicable law. such emrtflict shag not alfed
other provisions of this Mortgage or the Nate which can be given effect without the: conflicting provision. and to this
en,d the provisions of the Mortgage and the Note arc declared to be severable. -
li. Bersowes's Cop. Borrower s.4all be furnished a confomxd copy of the Note and of this Mortgage at the time
of e[cecution or after rec::~ation hereof.
1?..Tsauster eft the ercgtcny; Ass.wplio.. if all or any part of the Property or an interest therein is sold a transterrod
by Borrower without Lender's prior written consent. excluding (al the creation of a lien or encumbrance suboMinate to
this Mortgage. (b) the creation of a purchase mcmey security interest far hoetsdeold appliances. (e) a transfer Mr devise:.
descent or by operation of law upon the deatfi-of a joint temsnt or (d) the grant of any laisshold interest of three yeah a less
not containing an option to purchase, Lender may, at Lender's ogion. declare-all the; scans secured by this Mortgage to be
immediately due and payable. Lender shall have w:ivtd se,ch option to aaelerate if. prior to the sale or trsresfer. Lender
and the person to whom the; Property is to be cold or transferred reach agreement in writing that the credit of such persra,
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at u,ci, rate as [.ender
shaft request. iE Lender has waived the option-to accelerate provided in this paragraph r7, and if Borrower's successor in
interest has exe[Cuted a written assumption agreement accepted in writing by Lewder. Lewder shall release Borrower from all
obajpdions under this Mortgage gad the Note:.
if treader e<xesrcises such ogion to accelerate. Lender shall mail Borrower notie3e of scceientiat in aceordancc with
paragapti 14 hereof. Such notice shall provide: a period of not less than 30 days from- the dste the notice is marled within
which Borrower may pay the sums declared due. It Borrower fails to pay such sums prior to the eacpintion of such period.
!.ender ~ without fortlter notice or demand on Borrower. invoke: any remedies pe~mitte;d by paragraph 18 hereof.
NotWt+tFOUat Ceyvt:>rsrrrs. Borrower sod Lestder further oovenam and agree ss fdlo+rs: -
tR Ae~eeksoNsal Restseila. 13nce~t of pr+oriicei iw Mrsgraplr 1? hest. RM lerseiwaa's irieae~ eft asy avestrt err
agreesent e,t Bsstetwrer L aaila Msrfgage, Yeisiwg fate eos~e.aafs b pay when chic asy saws aseesrai ti /Ys MarlRese.1<weaele* -
N acedaafl.w sri mai seotke b Bosreewer as prediei iw prsgrap614 hesaot speelttaop p) Ire atseaelK t2) ere adMea
se~aireea a core care! rr:sek (3f • ehtfe, eat less flea 3• iWs [raw fee elate Ate settee; r tsailsea N Ms~ralrsr. b wrkM scar
isesele awl rte easetel; area (q that taitss+e N cries wee rseaeh eiw e,r hetose the eaata s*ec1iM b ere seoNce ferny ses,it i•
- aastierafass ~ tats w~a seeoreea ti7' Atis IMor~e. tsredss.re b ~tielfeW !racer:~ stai safe eiE Mee PrWttfy. 'tlie esselh~e
shat tawflter istsstai Bssrawer eft ere rtRM N eeinslate afietr aKCekratiow asd dtt right fs' srsert Ili ere tet,~eiaeose
lase sert~taislesee eft a eaetatrlt ar asy etelra eadeetse eft Iler»wer M ~ eaten tsretelea.sa B lee rseser r oet eeiseel etw
err hefis~e Ire chile s*seYsea iw frs aesllee. Lefler at t.eseler's e#fkw nilr ekdne ai eft Ire woe seetaael b A41Neefgpe w ie -
6wwieiislely free sore! Myarle wilrsol tessther deer,aab oriel essay twee:lsae dtla Msslgoge lq j.ealeial psesceeeitR. L:ader diaB
rte etidlBeel M e:eaiset !i wee pt+sesediftg a/ espeses ei forselsaoret, -Iricatdiag, hot wt iwiteel M, rewsaYt s4twaer's fsq.
cad euata eft isesttsastarq eviietaee. sMtroets sss+t title rspsrb. - -
1!. lrneiwers'i ~ N •alosfats. Notwithstandinat Lender's acselaation of the wawa scatted by flee: Mortgage.
Borroterer sbap have the right to have any proceedings beE,rn t,y Lender to enforce this Mortgage discontinued u any time
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