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Lenders written agreement a applicable law. Borrower y he amount a a mortgage insurance premiums in the
manner provided under paragraph 2 herea.
Any amounb disbursed by Lender pursuant b this paragraph 7, with interest thereon, shall become additional
indebtedness a Borrower secured by fhb Mortgage. Unless Borrower and Lender agree to other temps a payment such
amounb shall be payable upon notice hom lender to Borrower requesting payment tnsrea, and shat i bear interest irvm the
date a diebureernertt~tt the ate ppyat~aro~t ,c~m4 tip tiq~e ~o~±~na +a~!! . the Nose unleee wyn~nt a.
interest at such rate would be contrary to applicable law, in which event such amounts shall bear Interest at the highest rats
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
B. tMpsctlon. Lender may make or cause to be made reasonable entries upon and inspections of the Property.
provided thatt,endsrshall give Borrower notice prbrtoany such inspection specifying reasonablecausethereforrelated to
Lsbdsrs irltsr~est In the Property. ,
0.R Theproceedsofanyawardorclaimfordamages,directorconsequential.inconnectionvtithany
o0rtdilt#+rxtion br Ottwttaking athe Property, or part thereof, or for conveyance in lieu a condemnation, hereby assigned
~ ~ ~ Lender' i Mortgage.
t~the everiR a 8 tgtal taking of the Property, the proceeds shall be applied to the sums secured by, _ ~ ,
~ tt1R. sl,rt any paid to Borrower. in the event of a partial taking of tits. Property.unlegs Bturot and Lender
o-agrse in w~pg, there shall be applied to the suma,t~reiEf;q~y,~hls MQrtgag$
bey' lhgbbiitt of the
as ~.equitto 1ltat•pgoportion which the amount a the sums secured ttlis gas~e t prior to the date of
taki pears t0 die fair market value of the Property immediately prkx to the date of taking, with, the balance of the proceeds
3f,tl1e is abandoned by Borrower, ~ ii; Biter notice by Lender to Borrower that the condemnor offers to make
an award or settle a claim fqr damages. borrower fails to respond to Lender within 30 days after the date such notice is
mailed, Lender ~ authorized b collect altd apply"the proceeds, atlenders option, either to restoratipn or repair a the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
of postpone the due date of the monthly installments referred b in paragraphs,[ and 2 hereof or.chan98 tpe amount of
such installments. _ - - - . _ .
10. oorro~wsr Not Rslsaesd. Extension of the time for payment or modification of amortization of the sums secured
by 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
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured ~ this MiSrtga~e thl ieasdn a aity`dernar~ tAadA b~originel 8brrower.and Borrowers successors in interest.
11. Forbearanere btl L~snder NotaNhlwr. Anyforbearance by Lenderin exercising any right or remedy hereunder,
or otherwise afforded,by,ppptiCable )aw..shall,rhDt_,be.a,v~diver of or preclude the exercise of any such right or remedy.
The procurement of lnsurance or,~the payment oi_taxes or.otii~ liens or charges by Leader shall ,not kae a waiver of Lenders
right to accelerate the maturity' of the indebtedness secured by this Mortgage.. . _ ,
1 Z. Renredtis Cumulative. All remedies provided in this Mortgage are distinct acid Eumu~'nre~to~ny other right or
remedy under this Mortgage a afforded by law or equity, and may be exercised concurrently, independenty or successively.
! 3. 8~'s and Aeslgns Bounrf~ Joint and 8atisral L1ab11My; Captions. The covenants and agreements
herein contained shall bind, and the rights hereunder shall inure to, the respective successors and 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 ai this Mortgage are for covenience only and are not to be
used to interpret or define the. provisions hereof. _
14. Notlcs+. Except for any notice required under applicable law to be given in another manner, fa) any notice to
Borrower provided for in Phis 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 mar designate by rptice to !;ender as provided herein, and
~w ave., r...H.•a ~ e,wiar el,olr hn niusn by f•s,Aifi,~[1 ft1Ai1 rRru_ m rACeiDt f~IAStA~. t0 L@fKlBra 8ddreSS"~bted herein O(.t0
wr •r7 . v•.w r...~-..... a-_-._ - - -
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~er wean given in tt>e manner designated herein.
ifs. Unlfo~en , Ooveminp Law; 8swrablllq, Is form of mortgage combines uniform-covenants for
natiof?al use anti.nort-u(1itoFrbcoye~ants with limited variations by ji7ri~lfiction to ponstituttt'~tlftif3rfii security instrument
covering real property. The state an local laws applicable to this Mortgage shall be the laws of the jurisdiction in which
the Property is located. The 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
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 tie severable.
- td. 6orr~owar"sCop~r. Borrower shall be furnished a coniorrned copy of the Note and of this Mortgage at the time
of execution or after recordation hereof. -
17. TranstK of the Propsrflr; piton. I f al l or any part of the Property or an interest therein is sold or transferred
by Borrower without L@nders prior vrritien Consgnt.excluding (ai ttm creation pt ,a.lien:or encumbrance subordinate to
this Mortgage. (bj tTia creation of a purchase money security interest for household appliances, (q a'Vansfer by devise,
descent or hy.QP.rya~ of law upon the death of a joint tenant or(d) the grant of any leasehold interest of three years or tees
not Containing an option to purchase. Lender rnay, at lenders option, declare ell the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived suCli option to accelerab H-print t6ttte sa18 or transfeG tender
and the person b whore lire Properly is b be-sob or+transiemed reach agreement in writing that the credit of such person
is satisfactory t4 lender and that the interest payableor? the sumo secured by this Mortgage shall be et Such rate aS Lentler
shall request. If-Lender has waived the option to accelerate proNided in this paragraph 17, and it Borrowers-suoeessor in
interest hasexecuted awritlen assumptionagneementaccepbd inwriting bylender Lendershall releaseBorrowerfranall
obligations under this Mortgage and the Note. • _
It Linder exerCbes such option taaocelerate; Lender sltal4 mail Borrower notice a acceleration in accor~dartce will[
paragraph 14 hereof. Such notice shall provide a period~ot trot Ie88 iflat 30 days from the date ttte notice is mailed within
which Borrower may pay the su•3mws dsd~arrwedwdlue~.lfsBorr~owerfa..itwsl.to pay.S~uc~
h~sLuems.~pwootfr~b,~thee~xpirat~io~ny~a such petlod,
Lender.rnayi W11110Ut further nOti08 Or deTnarld Or1 ~r~rr r, r~Vwe any ,Y„+RAW iJOrrrw,gY by !^`rag. ~8 her. '
NON-UNIFORM-COVI:NAN7S. BotroweF and,Lender further covenant at>d a~tee as folknry;.i - ~ ~ -
1e. Ae:atsratbn: RiriRedtes. Exe:ept es prorldd In pa+raQr#ph 1f ~aqf, upon sorrovwr'slinscb of spy
cownanto4pr~snNMOt~lo~~t1~, (QcludirtQthsoQwpar?btopaywfbndwarrywnie~sclrred
try this Morgt~a, Liindet petit.. sooty J hat mall nolkd to Borrower as provided i'n parpriph 14 hsrio~
sp.attrtno: i11 en. brNeh; w. action rpulnd b can avch ; (3~ a date, not ~ss.thsn ~o d~rs twrn tta
datethsnottcabR+atledtio9o~rowrr.ti~rwtilcl+aa~?i~sohaiwtbscu?Md:and~4~thathttyu~ataq! , braaah
oh oa bafaa the dab spscNfsd In ttte npttca nTsay'rswit ir4 s~aon °df~le aun~,.sicrierd b9! ~~~a.
forselosun by judlelat procweiing and sa4! afittis. Yhi not4e* stt~aN faerbte~rlnibtitt,Hotrgsrerottfw egtitm
rrinstato attse~sasraslor? andth~ rlghtto lpn
~f~ rood!dit!?af~N
npn'ixlsa~t ~.#dNwkor
spy otter dsforao of sorrowes to . aeatl'ht~losun~ b!trMCh b ~ ~erlq aai of ftlafbn #h• dafat
spscMti~ tsi, ttl~ nottos. L+e+td*r at~~tau~ nr~?.djtciah aB,of f~ `sums sstsurfrd till fhb ! to ba
tmmidfatNy due ahd pay~aa willtoilf tuif~Mr~~~i~ma~l.~nd :r"lr~r tv~b~:q~s Mo~.~
~~''~itbt
its mi~.d
t~o~,
Lender shall bs sntkNd to e:oltse~ Ih rich P+oibidlhQ sb expenses of torrcbsun,
reasonabN attorns~/s flees, and oosb of doeYmarreary etrldene;a, sbatesab and tltN nporb.
Ili. 6oeroMrars Right to tlelnstats. Notwithstanding lenders acceleration a the sums securedby this Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage disooMinued at any time
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