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Lender's written agreea~eat a -applicable law. Borrower shag pay the amount of aq mortgage lo:uraaoe ptemiuaa is the
manner provided under paragraph Z bes+eof.
Any aatounb di:buned by Lender pursuant to that ~a ~ iw~h iater+est tltereott, shall become additional
indebtedness of Borrower aecttrod by fhb Mortgage. Unlessp~I~tlBnd~iret"`altd~.ender asroe t0 other retests of payateat, such
anwuab shall be payable upon notice from Lender to Borrower roquestiag payment thereof. and shall bear interest from the
date of disbursemestt at the rate payable from time to time on oubtattdt<tg principal under the Note unless payment of
iaterest st such rate would be contrary to appliabk law, in whici ev+ptt such amottnb shall bear interest at the highest rats
pe~nissibk tinder applicable law. Nothing contained in this paragraph 7 shag requiro. Leader to intro say expetre or talcs
soy attics het+ettnder. '
Ltrpecllw. Lender may make or cause to be made reasonable entries upon and inspection: of the Property, provided
that Len~tr shalt give Borrower notice prbr to say such inspectiop specifying realoMbk taus: therefor related to I.atder"s
iater~t iti the Property. - -
fwapis+piss~oa•. The proceeds of any award or claim for damsges. direct o' coraequential. in oonnetdott with soy
ooedentnation or other: taking of the Property, or part thereof. or for conveyance is lieu of ooadentnstion, an hereby assigned
and shall .be-paid to Lender.
In. ttre ev+ptt of a total taking d the Property. the poocad: shall be applied to the sores secured by this Mortgage.
with the excess. if soy, paid to Borrower. In the event of a partial taking of -the Property. uatess.'noerayrer' and I.aaa'ee
otherwise agree iri wn'ting, there shag be applied to the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior- to the date of
taking bean to the fair market vahre of the Property immediately prioirto the date of taking. with the balance of the proceeds
paid to Borrower. .
If the Property is abandoned by Borroser. or if. after notice by Lender to Borrower that the condemnor offers to make
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 day: after the date such notice is
mailed. Lender ~ is atrthoriaed to collect sad apply ~ the proceeds. at Lender's option. either to restoration or e+epait of the
Property or to the sum: secured by this Mortgage.
Unless Leader sad Borrower otherwise agrees in writing, any. such spplication of proceeds to priadpd shall not extend
or postpone the due date of the monthly installments referred to in paragraphs t sad 2 hereof or change the amount of
such installments. . .
11. )terrowsr Riot 1Atelearea. Extension of the time for payment or raodiflcation of amortization of the sums secured
by this 11[ortgsge granted by Lender to any successor in interest of Borrower shall not operate to please. in any manner,
the liabr~lity of the original Borrower and Borrower's suoas;ors in interest. Lender shall not be required to eomnreace
proceedings against such strocessor or refuse to extend tune for. payment or otherwise modify amortization of the wins
secured by this .Mortgage by nasort of any demand made by the original Borrower and Borrower's wccessors in interest.
12. $as3a~ce f+7' I.esae: Not a Waiver. Any forbearance by Leader in exercising any right or remedy hereunder, or
otherwise afforded bry applicable law. shall not be a waiver of or prechrde the exercise of any such right or remedy.
The pt+ocrrrcaaeat of inwraooe or the payment of taxes or other Baas or charges by Lender chap not be a waiver of Leader's
right to aceekcate the maturity of the indebtedness secured ley this Mortgage.
12. Resseiies CaraaLtlrre. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded bylaw or equity. and may be exercised rnncurr+rntly. independently or suocerivety.
13. Saecerora asi Aatlgas Jolst swi Several _ Liabilgi Captloas. 'tt+e covenanb and : agreana~ts herein
contained shall bind. and the rights hereunder shall inure to. the respective wccessprs and assigns of Lender and Borrow,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower :hall be joint and several.
The gptions and headings of the paragraphs of this Mortgage -are for convenience only and are not to be used to
interpret or define the provisions hereof.
14. Netke. Exsxpt.for any notice required under applicable law to be given in another manner, (a) any notice to
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 Lender as provided herein. and
(b) any notice to Lender shag be given by oertifled mail. return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by notice to Borrower as providod herein. Any notice provided for in this
Mortgage shag be deemed to have been given to Borrower or Lender when given in the manner designated herein.
iS. Usiforss Mortgage; Govenrhsg Law; SeverabiSty. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform sxurity instrument covering
real property. 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 this 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 eonfliding provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lt+. lsorrnwer's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
E' of execution or after recordation hereof.
17. 'ltirasafer of tre Property; Aasstrapios. If all or any part of the Property or ari interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance wbordinate to
this 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 of a joint tenant or (d) the grant of any leasehold interest of throe years or less
rat 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 accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. If Fender has waived the option to accelerate provided in this paragraph 17, sad if Borrower's successor in
.interest bas executed a written assumption agroement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to aceekrate. Lender shall mail Borrower notice of acceleration in accordance with
paragraph 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 declared due. If Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice of demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Norr•Urrtt~oarK Coverrnrrrs. Borrower and Lender further covenant and agree as follows:
lg. Aeederatiosg Reareafss. Faeept as proviiti b parat<apr 17 rend, upon Iiorrawet's bread d say corewt er
agnesest d lerrowa i• trb Mortgage, iaxisdfrrg the coveasab to per wrest ase aq verse eecarei b)? fide Merlgsge, I.esier
prior a scederatloa sllnr ssaB sotlee d Iorrower as provWca d psragwpr l4 repot spedtyl¦gt (1) ire rreacr; tie selba
rapslna b care wcr irssei; (3y a dale, sot ices trace 3! says trora ire date ire sedea b ::salsa m Borrower, b wrier wer .
re+eaer ssM re esre$ ass (4) mat taYan /o care wcr rreacit oa or retos~c ire isN apeeitiai b tie salter aaq srwlt V
aeeelerslMw d ttre war ieesna y rile Merlprge, forsaiowre y iatBcW procaeifag sal wls d tie lsopery. '!tis :cline
airstt f!arMrer hforia Itornwer d ire irlgrt V rdsaate abler seceieeatloa sal tie rlat M crest i• flee lareeiawse pseeai¦g
ire sote:rlesoe d a aefyslt or aq crier idease d lorrowsr a setderMiaw sal fhnelowra >I< tlse ir~esea b sat cat~ai sa
or idon ~e able speeYea `tee :clan, Lesier at iesie~s splines aaa~y aeei.rr a• d tie w.r sscni ti rib Marlpp to ie
r..ai.ieiy are aaW p.yarle wifrs.t truer ie.sasi asi any fes~ecioss rile Mortgage b }sikW pr~ee«ilttg. twaasr sral
rse e.tieaa a coifsct i/ seer proceedig a• t:pea.es d fonciowre, . rat sot lirrailei /a, nwaaiM altoray"It tear,
sal eesb d iacstsawfary e.iieaee, abatraets sal rice report.
i!. ItorerwMs tlti¢t M Rsiastate. NotwitMtanding Lender's acceleration of the sums aecttred by this Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage disoontiaued at any time
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