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Lenders written agreement or applicable law. Borrower shall pay the amount ota ' tnaNAr~od~rnlunKtn the
manner provided under paraigraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
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amounts shall bs payable upon noticetrOm Lenderb Borrower requesting paymentthereot,and shall bear interest from the
dattof-disbt?rsernsnt-at-there~te;vp~glq,trgm_,p~e~t~A,~}~~ugrt~t~p pir~nt-tamer ths~lots-s,r+iese poymentaf-
interest at such rats would be contraryto applicable law. in wh- ich event such amounts shell bear interest ai the hghest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any actigrt bsra_under..: "
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ti. ; fencer may mane a Cause [O ire made teas~Hwie eiiui~ iip~i a~xi i~fs~.cw~:s cn u~a r~c?~~~r,
provided t ~ shall gnre Borrowernotice prigtoanysuch inspection specifying reasonable causetherefor related to
lenders 1tIt.M~ Property. -
- iCo~pele'atlMl0f??. The procreeds of anyaward orctaim tordamages,directorconsequential, in connectionwith any
croncieglnatja?Orother lakirp othhe Property, or part thereof, or for conveyance in lieu of condemnation, hereby assigned
and sh411 be paid tQ lrenffer•
• •tn.th@ ewr>i pfia igt$1 ing of the Properly, the proceeds shall be,applied to the sums secured by this Mortgage.
with th`sl.~w~?.# arry.to Borrower In the event of a partial.takk(tng of the Property unless Borrower and Lender
otherwise f8q,}t1 a?~tirapi there shall be applied to the~suras.t~ur~ by M s h ~ on of the proceeds
as Is equal tfret proportion which the amount of the sumri seotxeb by this: MQ ifatey prior to the date of
taking bears~t0 the i4k market value of the Property immediately prior to the date of taking, with the balance of the,proceeds
P~Ud-tp t. - - ' . _
~ the is•abandoned by Borrower; Cr if,~er notice by Lender to Borrower that the condemnor offers to make
an award or settle s claim for damages. Borrower fails to respond to lender:within 30 days after the date such notice is
mailed. Lender U authorized to colkct~ artd appy the pnoceedar'afLenders option; eiMer to restorpttgr! or repair of ~tne
Property or to the sums secured by this Mortgage.
lJnlas Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shalt not extend
a postpone.tht! due dated the awntpy:•in$talilfte~t?ts.fefeRpd to ip pitra9rephe.t .e~:2 hereQt of ct~nge the amount of
such installments. - . ~ , < ~ .
10. borrower Not RNased. Extension of the time for payment or modification of amortisation of the sums secured
bN this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner,
the liability of the original Borrower and Borrowers successors in interest Lender shall not be required to commence
pr s g 'net ~;R4~or ~ t~o~.otherwise modity amortization of the sums
sec~tf5~ ~ort~~~g~c
sdri `W a~y~fderhand~mltJe~ithe ~ al drbwer and Borrowers successors in interest
11. " Forfttearanw by Dander Not• Wshrer. Anyforbearance by lender in exercising any right or remedy hereunder,
or otherwise atfQrded 4y;apRl~ra4i91aw, shall,not beta.rKaiver of or preclude the exercise of any such right or remedy.
The procurement qt+ntzurartce, or the payrrjent of,taxes or;o(ti~ liens qr charQes by lendecshall not be a waiver of (.enders
right to accelerate the maturity of the indebtedness secured by this Mortgage, ; k~ , T .
. 13. Rerrledlis Curnulatiw. All remedies provided in this Mortgage are distinct andtct~htbta~ive to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrentty, independently or successively.
13. Successors and Aalpns bound; Joint and 8ewral Llabllfly; Captions. The covenants and agreements
herein contained shall bind, and the rights hereunder shalt "inuu8" to; the respective successors end- assigns of
Lender and Borrower, subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be
joint and several The captions and headings of the paragraphs of this Mortgage are fa covenience only and are not to be
used to interpret or define the provisions hereof . . .
14. Notlere. Except 1pr any notice required under applicable law to be given in another manner, (a) any notice td
Borrower provided tot 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 ma>f,~.ifinateE4yllr9f~e to Lender as provided herein, and
(b) any notice to Lender shall be ®iverf t~ certified mail, return apt r to Lec~erysist~o~s stated herein or b
such other address as Lender may designate by notice to Borrower as provided herein. Any notice. provided for in this
Mortgage shall be deemed to have been given to Borrower or L Qr~w~hen given i~ near designated herein.
1S. Nnltorrn Mortpape;~.t34wming Law; Sewrabilily3 ~leihr~~'tfjort~~frWbines uniform covenants for
nationalise and riQn-unifomd c~pvp`riatlts with limited variations by jurisdiction to constitute a unifoi~n security instrument
covering real property. The state and local laws applicable to this Mortgage shall be the laws of the jurisdiction in which
the Property is located i
he foregoing sentence shall not limit the applicability of federal law to this mortgage. In the event
~ that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect other
f provisions of this Mortgage. or the Note which can be given effect without the conflicting provision, and to this end the
provisions of the Mortgage and the Note are declared to be severable.
- 1d. " borrowers Copy, Qorrower.shall be famished a Conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Trans.
tW of the Prgperfll; Asspng~ptlon. It al I ar any part of the Property or an interest therein is sold or transferred
by BofrowAr !„enders prigs written consent, excluding the-ueation of a lien or encumttrance subordinate. to
this hlortgige.~(bthe=
creatan of a purchase money security interest for household appliances, a transfer by devise,
descent o~t~tcaperation dlaw,upon ~ death of a joint tenant or(d~ the grant of any leasehold interest of th fee years or (ass
not dontar 'ny an option to purchase. lender may. at I.ende~s optwn. declare all the su1[?s secured by finis Mortgage to be
immediately due and payable. Lender shall have waived such option to acceleratlaVi~'n'arTo-Elie safe
orTrans7e~,'Lender
and the person to whom the Propery is b be sold or transferred reach agreement in writing that the"credit of such person
is satisfactory b tenderandthat the interest payable on the sums secured bythis Mortgage shall be at such rate as Lender
shall request If Lender has waived ttte option lo~acceferate provided in this paragraph 17, and ii Bon+owsrs successor in
interest has eooecuted a~written assumption agreerneni accepted in writing by Lender, lendershall release Borrower from all
obligations-wider this Mortgage and the Note.
If lender exercises such option to Sr~celerats."Lehder shaft malt Borrower notice of acceearation irt-ecxordarrce with
paragraph 14 hereof. Stich notice shall pr~ovlde a period of not Isss that 30 days from the dale the notfoe is mailed within
which Borrower may pay the sums declared due. If.Borrower fait to pay such sums prior to the expiration of such period,
Lender may. without further notice or dentand~on Borrower, invoke any remedies permitted by paragraph .18 hereof.
NON-UNIFORM COVENANTS. 8orrowei and Lender further covenant and agree ac follows:
10. Aealeratlon4 Remedies. Except as proyldid~tn pupraph !7 hereof, Lpon Bonoww'a beach of any
covens ~n!i!N~gt,~o~1n, h.. I;rt4ludln4flhtacowlw!~!t4i~Nn?wM4du~arrglwmssec~und
by this LirrdiF prior fn aad~lerabf~~~i~n~insll notloe to Borrower as pro~vlded Ih puapreph 14 harlot
ep~lrq: 1~.tM brwlch; Z) the actlon nqulnd to care wch bnf,ch; (3) . dste, not lea than fro itfe
~0_dsys m
dst•,Ma notke Is nmlfdelto , f~j[rrhlch sue~i~acft p~ud bra rand; and(s) tiMthtt4re~o cun4uch beech
i oia oa bNorr tM~dab~.sp~M(ed In tM riotlt~ nffrp'nsul~.ln"~owlentk}ir of the cants secsrnd bit this Mores,
foncloauieb~trlM'ecMdinQs~ndaile~oftltai~roperty Th.shat(furthertntonpeOtrgwerottl~i~phtt9
reinstate athrc~c~tersEtloR andtMit~htto ssjir~lnlfl~ ioirrl8sarrs proataedin~tM nqn-exisbhq of ~~bNitgr
any u siP','oe~wwvi yv ~drrq na~t~lO~iii~i` ~i•~- ti ~ ~iitiL~ _ J 6r `'~tvrsi " _
specified !rr fttM notlQe; Lender at L~ender'sop~i~, ~r dedar+ a(1:4t tIK,w;n aeau~d by tills Matpr~i to
in~rrle+~+~tr dw ant! IPinr.~. a~ fit? ~~ta. ~ia"~,0~~pe ~t tuar~ct+u pe~:~lin~.
Lendei sfreN be srrtldei to ooitect In wdi "~ieoeridl~`ail expeirsee of ~ciowrii, iricludlno, fiat dot pmited to,
ressonabie attorneys has, and cosb of documentary evldepoo, abstracts and title sports. '
1la. borrowers Right 1DO Relnetab. Notwithstanding 4etidprs acceleration of the sums secured by this Mortgage,
Borrower shall have the right to have any proceedings begun byt ender to enforce this Mortgage discontinued at any time
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