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I.rndrr's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
:1ny amounts disbursed by Lender pursuant to this par.,g~aph 7, with interest thereon, shall become additional
indehtednrss of Borrower secured by this 'slortgagr. !Jules. Borrower and I.endcr agree to other terms of payment, such
amounts shall he payable upon potter from I ender to Burro++er uyucsting payment thereof, and shall ixar interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Nate unless payment of
interest at such rate ++•oul+t he coptran• to applicable la++, in which event atch amounts shall hear interest at the highest rate
pcrmissihle under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hcrcundcr.
R. Inspection. 1 ender may make .•r cause to he made reasonable entries upon and inspections of the Property, provided
that 1 ender ch;,Il give Borm++•er notice prior to an)• arch inspection specifying reasonable cause therefor related to Lender s
tntrrest in the Propert>'.
9. Condemnation. The pr.tivrd+ of ;utt,• aw:,rd or Maim for damages. direct or consequential, in connection with any
;ondemnation or other taking of the Property. or part there.+f, c•r [or com•ryancc in lieu of condemnation. arc hereby assigned
:ut.l .hall he paid to Lender.
In the rvem of a total taking of the Pn+penc. the procercls shall hr applied to the sums secured h}' this \iortgage.
++ith the aces. if any, paid to Born+++•rr In the went rf a partial taking of the Property. unless Borrower and Lender
,uhrrw ise agree in writing. there shall l,e applied to the wms securest by this Mortgage such proportion of the proceeds
as i. ryu:d to that proportion which the amount of the sums secured M' this Mortgage immediately pricer to the date of
taking he;us to the fair market valor of the Pruperh inunrdrttely prior to the .late of taking. with the balance of the proceeds
paid tr+ Borrower. .
If the Property is abandoned M Born+++rr. or if. after potter by 1 ender to Barnnvcr that the rnndemnor oBers to make
;ut a++,inl or settle claim for dantaees. B++rrrw•rr L,ils to u.p+atd to 1 ender within 3(1 da)•s after the date such notice is
m,uled. I.rndrr is authorized to collect and apply the pn•cecds. at Lender's option. either to restoration or repair of the
Pn+perts or t+~ the writs secured by this Mortgage.
l'nles, 1 ender and Borrower other++i,r agree in ++ritine. am such appii~ation of proceeds to principal shall not ettend •
.+r p++slpone the due dare of the monthh installments referred to in paragraphs 1 and ? hereof or change the amount ~of
,uch installments.
10. Borrower mot Released. 1=~trnsion of the time for pavmrnt or modification of amortization of the wmc secured
by this M,+rtgagr granted by I ender tr ;tns• wccrsor in intrust of Rorm+ver shall not operate tc• release. in any manner.
the liability rf the origin:,! Borrower and R++rn.wer', su.•cesors in intrust. Linder shall not he rcyuired to commence
t+r++cer+linns ag;,inst.wch .urccs;rr +a refuse to r~trnd time for pa}rogue or otherwise modify amortization of the sums
,e. uud M this Mortgage h+ reasa~n of ,tm demand madr M the original Borrower and Borrower's atcccssors in interest.
1. Forbearance br. Lender \ot a Waiver. ~\ny f.+rhe:,r:ut.r he 1 ender in eyrrrising anv right or remedy hereunder, or
.•thrrw•ise ,,th+nled by applicable law, shall not hr a waiver of or preclude the exercise of am~ such right or remedy.
Th:• pmcuumrnt of insurance or the payment of tares ~+r .aher liens or charges by Lender shall not he a waiver of Lender's
right to accrkrate the maq+rity of the indehtrdnr,s ,e:urcd h+ ihi, ~tortgagr.
12. Remedies Cumulati~•e. :111 reme.hes pn++idrd in ihi, Mortgage are distinct and cumulative to am• other right or
ente+ly under this M,+rtgage or afTrrded h+' law ..r groin ..end ma+ hr eyercised concurrently. independenth• or successively.
13. Succe+son and :!.signs Bound: Joint and Se+eral Liabilih; ('aptions. ~hhe covenants and agreements herein
:untanteJ ,hall hind.:utd the rights hereunder ,hall enure n+. the re,pectice vicce„ors and assigns of 1 ender and Borrower,
.uhjr;t to the pn+v i,ion, ++f paragraph ! ~ hrre++f •111 io+rn.rnl,. :utJ agreement, of Borrower .hall hr joint and several.
The capti++ns ;ut.1 heading, of the para~r,,ph, ++f this Mortgage air fir ~+,nveniencr onh• and arc not to he used to
~n!erprrt or define the pn,c~sions hereof.
14. \otice. Ey:ept for anv notice rcyuiud under .,pl~licahle law h+ hr gryrn in another manner. fat am• notice to
R++rr,+vyrr pn+vidrd for rn ihi, Mortgage shall) he given h+ mailing ,uch notice by certified mail addrcsud to Borrower a!
rhr Pn+prrtc -lddrr„ ~+r ar .nrh ++thrr addu„ ,,s Barn+wer m;,c dr,ignatr by m,tiir to 1 ender as provided herein. and
?},i anc n++U.e to 1 ender ,hall he earn by crrrrfir.l maul. return ucrtpt rryuested. to 1 ender'. address stated herein or to
~uch other address as I ender m:?+ de.ignate h. notice t++ R++rn+v+rr as provided herein. Any notice provided for in this
~t+~rtgagr sh.,ll he deemed try have been given t+, Barr.+++er .+r I ender whin given in the manner designated herein.
15. l•nih,rm ~torlka>;e; Covernink Law: tie+erabitits. lhi, .++rm of mortgage romhinrs uniform covenants for n:+tional
!,r and rn~n unif.~rm ~,+,rn;uu, with !imite+! •.an:,u++n. hv.Inn,dreti++n t++ .+,nstinrte a uniform security instniment covering
'i real pry+pern Ih„ \torr_.,er ,h,rll hr g++cerned the !.,w the iuri,.iich,+n in which the Pmprrn• is located. In the
e+ent !h.rt .urv txovisi,m ,+r ;I;ni,e r+t ihi, \1++rtr,r:r .•r *,hr \,~tr c++nt'i;t, with applicable law. such conflict ,hall not affect
.aher !n.••.i,i,~n, rf ihi, M++rtgage +~r the \++tr ,,+h;~h ;,ui hr ewrn rtfe;t wi+hont the conflicting provision, and to this
end the pr++vi,i.m, +~f the M++rteage .end the \~,te err Je.Lued t++ he ,eyerahlr
~ 16. Borrower's (-opy. Born+vver .h;dl hr funu,hed ;,~nf+~rmrd cups ++t the \ote and of This Mortgage at the time
~ ~•t rye;utic+n or :rt!rr rr;++rdeti++n here,+f.
j 17. Transfer of the Property; :lssumption. If alt .~r :+n, p.rrt of the Pn+prrn• ++r an interest therein is s.+Id or transferred
tw Born+wer v+hh++ut 1 ender'. pr:.~r writte? ;on,rnt~. es;lndinc i.+t the creation of a iirn or rncunthrance whordinate to
rho, \l.+rtgacr. ihi the crrahon ++f purche,e nuatry ,e;unn ,ntru,t fir h++u,rhold appliances. a transfer by devise,
~ .1e,crnt .+r he ,+per,ition of l,r.+ up+,n the .irath ++t a ?,~~nt tenant ++r !+ir the grant r+f :rely la,sehold intrust of three years or less
n.,t :.+nt:riving an opti~at to purchase. I ender m,+v. et I endrr'~ ,+ptn+n. declare all the ,ums ucnrrd hv' this Mortgage to he
r.....r. .tie.. r ...,,t.., .t. .n ti „ .,..•.t .,ter,,.., r.• :.:•,-~•h•r:m~ ri nnor t„ the ,ale ur transfer. Lender
.ur.f the pers.+n whim the Pn+pert; i, t++ hr ,r•'..t +~r transterred rca_•h agreement in wn!?rig that the credit of such person
,:,usfa;ton to I en.fer and th.rt th~• inteu,t pav.,hlr .+n the ,um, secured h+ ihi, Mortgage shall he at such rate as Lender
,h.rll rryurst if I ender has v+;uvrd the ++pn,+n n+ accelrr.rtr pn+vided in this paragraph 17, and if Borrower's successor in
ntere,t ha, ryrcutrd a wnRen :nwmphrn agrerntent accepted in writing he I ender. Lender shall relaase Burrower from all
,~hligatu+ns under this Mortg,ge and the tiute.
(f !ender eycrci,e, ,uch ++pU,+n t++ accelerrte. I ern!er ,hell mail &,rn,wer notice r+f accelerahun in accordance with
n.uagr,,ph !-3 hereof. Srrch nutter ,hail pruyidr e peen+d ,+f n.+t Irss than i(1 days from Ihr date the Holier is mailed within
~ .+h~ch Burn+•.vrr mad: p,n the ,ums declere,l due II B,~rruwer i,,i=., to pa•, such sums prior to the expiration of wch period.
~ I ender m,n, vvnhnut further notice ++r .imand .+n It++rn+wer. ~nvol.e am remedies permitted by paragraph 1K hereof.
\os:-t'~troH+t ('uyt ~1~7s Borrower and 1 ender further crvrnant and agree as follows:
18. Acceleration; Remedies. Except as pro+ided in paragraph 17 hereof, upon Borrower's breach of any cosenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due am sums secured by this Mortgage, i.eader
prig to acceleration shall maiE notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; 121 the action
g required to cure such breach' 131 a date, not less than 30 days from the date the notice is mailed to Borrower. by which such
~ breach must be cured; and Intl that failure to core such breach on or before the date specified in the notice may result in
acceieration of the sums secured by ihi, 'siurtKaKr, ivrcciosure ui' judicial proczt:ditag and sale of !hr Psop:rty. 'fht pollee
shall further inform Borrower of the right to reimlate after acceleration and the right to assert in the foreclosure proceeding
the nun-existence of a default or an} other defense of Borrower to acceleration and foreclosure. if the breach is not cured on
or before the date specified in the notice. Lender at Lender's option mac declare all of the sums secured by this Mortgage to bt
+ immediately due and payable without further demand and may foreclose this 1lortj;aj;e by judicial proceeding. Lender shall
be entitled to collect in such proceeding all expenses of foreclosure, including, but not limited to. reasonable attorney's fees.
and costs of documentan• evidence. abstracts and title reports.
19. Borrower's Right to Reinstate. tie+twithstanding !.ender'. accelc~ation of the sums secured by this Mortgage.
Born,wer .Hall have the right tr, have an} proceedings begun h} !.ender tc~ enforce this Mortgage discontinued at any time
~,i~:~x.
IIK 327 ~rcE x.173
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