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lender's written agreement or applicable law. Borrower shall - '
pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof. ,
Any amounts disbursed. by Lender pursuant to this paragraph 7, with interest t~ierebfi: s~iall become additional f
indebtedness of Borrower secured by this Mortgage. Unless Borrower and [.ender agree to other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall btar interest fmm fire
date of disbursement at the rate payable from time to time on otrtstandmg principal under the Note unless payment of #
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense ~ take
any action hereunder.
s, Iwspectiow. i.ender may make or cause to be made reasonable entries upon and inspections of the Property, provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to LettdePs
interest in the Property,
9. Cowdemwatiow, The proceeds of any award or claim for damages, direct or coriscquential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are htrcby usigried
and shall be paid to (.ender.
In the event of a total taking of the Property. the proceeds shall he applied to the stuns secured by this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Botmwer and Lender
otherwise agree in writing, the!e shall 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 cectrred by this Mortgatte immediately prior to the date o[
taking bears to the fair market value ~f the Property immediately prior to the date of taking, with flu balance of the proceeds
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to mate
arr award or xttle a claim for damages, Borrower fail. to respond to lender within 30 days after -the date such notice is
mailed, [.ender is authorized to collect and apply the proceeds. at fender's option, either to restoration or repair of the
Property or to Iht sums secured by this Mortgage.
' Unless Lender and Borrower otherwise agree in writin~e, any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or chinge the amount of
such installments.
10. Eorrower Not Rekrxseri. 13xtension 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, iti any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
11. Forbearawce 6r Lewder NM a Waiver, Any fortrearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law. shall rrot be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender's
right to accelerate flu maturity of the indebtedness secured by-this Mortgage.
lZ Remedies Comuhtitrs. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded by Taw or equity, and may be exercised concurrcntty, independently or successively.
' 13. Swecessors sad Asslgws Eowwd: Joiwt dad Several i.iabilitr; Captions. 'flee covenants and agreements herein
contained shall bind, and the rights lxreunder shall incug to. the .respective successors and assigns of Ltnder aMl Borrower,
subject to the provisions of paragraph t7 hereof. All covenants and agreements of Borrower shall be joint and seven!.
The captions-and headings of the paragraphs c?f this Mortgage art for convenience only and arc not to lie used to
interpret or define the provisions hereof.
14. Notice. Except 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 fender a: provided lurcin, and
(b) any notice to Lender chap he given by certified mail. return receipt requested, to Lender's address stated herein or to
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 Lender when given in the manner designated herein.
1S. Uniform Mortgage; Governing Law; Sererabilitr. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute -a uniform security instrument covering
real property. 7liis A9origage shat! be governed by the taw of tlx jurisdiction in which the Property is Tocated. In the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shag 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 be severable.
16. lorrower's Copy. Borrower shall be furnished a conformed cop}' of the Note and of this Mortgage at the titrx
of execution or after recordation hereof, -
17..Trawder of tie Tropertr; Assomptiow. !f all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior writrrn conxnt. excluding (a) the creation of a lien or encumbrance wbordinate to
this Mortgage, (b) the crcatrori of a purchase money security interest for household appliances, (cl a transfer by devise.
descent or by operation of Taw upon the death of a joint tenant or (d) flu grant of any leasehold interest of three years or less
not containing an option to purchase. Lender may, at Lender's option, declare all the sums stxured 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 flu Property is to be cold or transferred reach agreement in writin` that the credit of such person
is satisfactory to Lender acid that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. if Linder has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lender shat! mail Borrower notice of acceleration in accordance with
parajnph 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 tlu sums declared due. If Borrower fails to pay stick sirens prior to the expiration of such period,
Lender may. without further notice or demand on Borrower, invoke any rcmedia permitted by paragraph 18 hereof.
Norr-UNtwar?r CoveNarrTS. Borrower and Leerier further rnvenant and agree as follows:
lfi. Accdaador, Renedke. Fatcspt as provided iw pantgraplr 17 hereof. trpow •orrowera 6rsscM of goy cotrew~wt K
a~resmest of lTbrrower d this Mortgage. iaetrrlia~ tree covenants to pr whew dos awe rarwa aetwrsl ltrr rids Mortgage. Lewder
prior b aecderaliow srafl argil works to Itorr~ower s prorldcd N prrtgrapi 14 fatersot ~rr~ (1) rte frrracr; (2) tlis wcliow
rgisi b clue sweb fttsselr; (3) s Gate, wet ids thaw $0 dare front the late else wotke V maYsi b lfierrrwer. d!' whkir swti '
OrsacM nwrt tie ewrel; awl (4) Utat t~hrrs b eirre twcM trrescY oa or re(ore the date apstiiel i• the notice rwar r+esrrlt br
txederatiow of the rigs tiecasl by fhb Mortgage. tasclostrre ftrr ~odicW'roeeelMg aai male d tie lrropery~. The notice
stall twrtlier iwtot~ oorrwwsr d the riRlrt b refrubts after acctikntiow awl the right b avert h dire taseioswrs poeeeig
the wow-ezWewce at w lefawk or any other defense of >sorrower to accekrMbw awn toreelouue. lif the Is<sacM b wet ersrei aw
or before tie lNe spciliel V the wofke. Lewder at [.ewler's optlow way letbrt sr of fire swraa atetarni iy tltds MortpRe tr lie
hrraelbteir iwe awl prabie witfrowt truther demand and afar torecloee fib Mortgags ?y jriicW prresediag. Lender shah
be eatltlN to eo0eet bi nci proctslirrg aR espcases rat forecloswrt. faelolhg. etrt tuet ltbriitel 10. rsasoraftiie stbxweYs fees.
dal each of loeti'~seatat3~ eridewee, rebstraets awl tpk rsporb.
19. iorrowa'a Rf~lit to ReiaNats. Notwithstanding Lenders acceleration of the sums secured by thr_ Marrgaje,
Borrower shall have tfu right to have any proceedings begun by Lender to enforu rifts Mortgage discontinued at any time
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