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leaaer`a writtem agr~eenseat a applicable Mnr. Borrower tball pay the amount of ail mbttgage ittauranoe preasitrtwt iw the
mattmer provided under paragraph 2 hereof.
Any amounts disbursed by Lender purutattt to this. p~~~ ~1 _vin_;jh i~ntet~est thet+eon, slsall becane additional
indebtedness of Berower secured by this Mortgage. Unks. jet ~:l~~er agt~ec to other terms of paynxat. wilt
amounts shall be payable upon ndicc from i.ettder to Borrower ngtresting payment thereof, and shall bear interest from the
date of disburaartatt. at the rate payable frotm lane to time on ntttstatttling principal under the Note unless pa~mewt d
interest at such rata would be contrary to applicable law, in which event such amounts shall bear. interest at the highest late
permissible ttttder applicable leer. Nothing contained in this paragraph 7 snap ragttiro Tender to ittcttr nay e~tptrttse a tuts
any action ha+wnder. -
S. irte~eetiaw. Deader may make or causs to be made reasortabk entriesttpon and inspections d the Pt+operty~ provided
that Lsnder shag give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lptdaa''s
intet+at in the Property.
CawiewtwaMaw. The proceeds d any award a claim for damages, direct a consequential, is oorwectioa with any
oomdaart:tion a other taking d the Property. a part thereof. or for conveyance in lieu d oortdewnation, sn ixaeby ast3grted l
and shag be paid to Lender. -
ln the event d a total taking d the Property. the pro. shall be applied to the stuns secured by this MoAgya. -
with the excess", if wy, paid to Borrower. in the evrnt of a partial tat-ing of .the Property. unless Borrower and Larder
otherwise agree in writin~t. there shall be applied to tFe stuns secured by the Mortgage such proportiom of the ptooeeds
ss is equal to that proportion which the amount of t.~e sums secured by this Mortpge immediately prof to the dale d
taking bears to the fair market value d the Property immediately prior to the date d tsking, with the balartoe d the proceeds
paid to Borrower.
if the Property is abandoned by Bor.~ower. or if. after notice by Lender to Borrower that the cottdeaatar offea to rttt>oa
an award or settle a-claim for damages. Borrower hits to respond to Lender within 30 days after the dam etch notice is
mailed.. Lender is Atetltoriacd to collect and apply the proceeds. at Lender's option. either to nslcratan or npsdr d ~e
lroperty or-tp thei sums secured by this Montage. -
" Unless Lender and Borrower otherwise agree in writing, any such application d proceeds to principal slap rat exlatd
or postpone the due date of the tnonthty installments referred to in paragraphs 1 and 2 hared or change the antoutd d
such irtstallrrtenes: .
!t. Beatrawstr Net Bdeasei. Exttnsion d the titnt for w;~:•nt or modification of amortiation of the awns secured
by this Mortgsge gn~nted by Lender to any successor in interest d Harrower shall not operate to rekssa in nay manner.
the liab7ity of the original Borrower and 8orrorver's successors in interest. Lender shag not be nq»ired to commenx "
prooeedinp against such successor or refuse to extend time~for payment a otherwise modify amortiratiow sf the stroll
secured by this Mortgage by reason of any demand made by the oritinal Borrower and Borrower's successes in inter".
ll. RaeMearaaee M7' iewier Net a Waiver. Any forbearance by Lender in exercising any right or retrtedy lterextrtder, or
otherwise" afforded by apptiabk law, shall not be a waiver of or prechtde" the exercise of any such right or fancily
The procurerrtertt d insuramoe or the payment d taxes or other liens ar charges by Lender shag not be a waiver d Lender's
tight to secekrate the maturity d the indebtedness secured 6l? this Mortgage.
l=. Remeiies Crawalativ~ All rartedies provided in this Mortgage-are distinct and cumulative to any other right or
remedy? under this Mortgage or aRorded by law or equity, and may be exercised eottcurt+attly: utdepertdendy or wooessively?.
13. llwerarars awl Asigws ¦ewad .ioiwt awl Several iL6ily; CapfMas. The oovenaats and agreeatents herein
- comtained shall bind. and the ristltts hereunder shall inurg to. the.respective successors and a d Larder gad Borrower. .
subject to the provisiets of paragraph 17 hereof. All covenants and agreartertts d Borrower shag be joint and several: -
The captions ~ and headings of the paragraphs of this Mortgage are for convenience only and an not . to Ile tried to
interpret or defines the provisions hared.
11. Natke. 'Except for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower psmrided for in this Mortgage shop be given by ma'ling such notice by «rtifkd math addressed to Borrower u
the Property Address or at such other address as Borrower may designate by notice so iettder as provided herein. and
(b) any notice to Letttkr snap be given by certified mail. return receipt requested. to Lender's address. stated bexeirt or tt?
such other address as Lender may designate by notice to Borrower ss provided herein. Amy notice provided for in this
~ Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner desipatted hex+dn. _
iS. Uwifaas MoAgage: Goverdr+g Lori. Sevesability. This form of mortgage combines uniform oovertants for ut?tional
use and non-uniform covenants with 1'nnited variations by jurisdiction to constitute a uniform securitp uatrument ooverirK
real property. This Mortgage shall be governed by the law d tht jurisdiction in which the Property a located_ In the
event that any provision or clause d this Mortgage or the Note eonAicts with applicable law. such oonAict shill not affect _
other provisions d this Mortgage or the Note which can be given eBect without the oonAicting provision. gad b this
extd the pro~itsions of the Mortgage and the Note are declared to be srwerabk. -
li. •eerorrers Copy. Borrower shall be furnished a conformed copy of the Note and d the Mortgage at the lane
d execution or after recordation hereof.
17..'1M1aadeY eft iMe TMOpesff: Aswrwptiow. if all or any part of the Property or ores interest therrin is sold or transferred .
by Borrower without Lender's~prar written consent. excluding (a1 the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation d a punhaa mc+ney security interest for household sppliarroes, (c) a transfer iry devise:
destxart a b)r operation of law upon the death d a joint tenant or (d) the grant d :ray leasehold inte:r+est of three yeas or less
not containing sn option to gmhase, Lender may. at Lender's option. declare all the sums secured by this Mortpge to be
immediately due and payable. Lender shall have waived such option to aooderate if. prior to the sale or trarder. Lender
and the person to w?itorrr the Property is to be cold or trans/erred reae~t agreement in writing that the credit d such person -
is satisfactory to Lender and that the iMerrst payable on the.sums sexured by this Mortgage shall be u such rate as Lender
chap request. if Leader has waived the option to aealente provided in this paragraph 17, gad if Borrowtr's successor in
interest bas exectr/ed a written assumption agreeatatt accepted in writing by Lender. Lextdet shsp release Borrower from all
obljptioms under the Mortpge and the Note.
If mender exucises such option to accelerate. Lender shall mail Borrower notice d aocdentan in sooordatrtx with
par~aplt 14 hereof. Stich notice shay provide a period d rat less than 30 days from the dale the notice is mailed wahin
which Borrower may pay the sums declared due. if Borrower faib to pay such sums prior to the exl+iration d such period.
(ender may. without fwtlter notice a danand on Borrower, invoke any remedies permitted by paragraph lg heed.
Neu-LJtrtPOwK Cavestw~s. Borrower and Ler~dec further covemam end acne as fopows:
ill. Aeselaadsw; ltetweiles. Bxeett as lrwrYci i. /s~*aPaN I7 Meeeot. spew Berrew~'a i~eaeM at awy ewverwl er {
agea:~swt eft >teeee+re: i• dis Mevlpge, iwelairrg de errewds N My "Mew less wwy sttrrts seeweei y die MeeMage. iwwier
prfsr M ae:eteleeatlew sMa/ aa.ti woace b Mrawer m prr+iisi Iw p.ragr.N t4 Mtxael sleelf>Mrgt (1) de Mtt:selo (=1 tre wcMsre
eeetpieei N etttne went MeeaeM; l~ a ~ wet less dew ~ ~ frarw de isle de ttaliex ii tWsi M Beerswsr. b wbki stt~eM
MnaeM twast Ms carek awl to drat faiiwrs N care sttd Mreaelr aw K Mdere de aisle speeMei Iw dt wtsies ess7 _eesrlt V -
etaieealiar+ at do wtws "corral My dis INeetgage. laeeeiewee My bdeW MKeeil¦s awl seta et[ dte itr+sperly. '11te walla
tlMaii feeder ilttaes 1ae~awv d de right M reitrMate after acederadew awl de right b assert fie tseteNwtes pese:aei~
de wew•rsMersa eft a ideal: K sq order iefiwee d liersswer M aecelertrtiew awl toe~edoswie. _r de beeseM is wet eaewd N
srr bdaee de Gale geelMi i• de tsalicq Leaekr M Lewier''s eRtitiw ttttq ieclste i eft de star seewed M2 die 1N
i tes¦tadaielp elese a.d pgrakie.rltlrawt twtMer ieww~ta awl wtay hreelass tits Meefpge h 1~W w•
i Me ewtlBei M ew•ect r swell pa+aeeeiiag ati of iQaecNewee. iseiwii. Mttr net ifit¦Metl ter eeasowalle stturaer'IS flew. .
awl accts at iaetitwatary a+iiewee~. aislraeb awl Wle reMrb.
i!. >faee~ewa4 Ig~t N R+efwelate• NotwithstsndinE Lender's aoodaation of the sums stxwed by thn Martpge.
Borrower shsp bare the right to have any prooecdings beEtrn try Lender to enforce the Mortpge disoon6ntted at any titre
BOq P~~~~~