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' Lender s written agreement or applicable law. Bbh~bntr~t'ahaq pa~~t>~ttnt of all mortgage irwrattce premiums in the ~
manner provided under paragraph 2 hereof. ~ ?
Any amounts disbursed by Lender pursuant to this pa»graph 7, with interest thereon, shall become additional
~indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payatertt, suds #
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the me payable from time to time on attstanding principal under the Note unless pajrnatt of
interest at such »te 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 parag»ph 7 shall require Lender to incur any expense or take
any aMion hereunder. ~ ~
irtarection. Lender 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 rcasonablt: cause therefor related to I.errdera
interest in the Property.
9. Cotadernttwtlon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in li4u of ~dpanation, are hereby assigned
and shalt be paid 1o Lender. '
In the event of a total taking of the Property. the proceeds shall Ix applied to the sums secured by this Mortgage.
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Larder
otherwise agree in writing. there 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 same secured by this Mortgage immediately prior to the date o[
taking bears to the fair market value of the Property immediately prior to the date of taking, with the 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 oRe» to make
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
mailed, Lender is authorized to collect and apply the proceeds. at Tender's option, either to restoration or rt~air d the
Properly or to the sums secured by this Mortgage. i
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extatd
or postpone the due date of the monthly installments referred to in parag»phs 1 and 2 hereof or change the amount o[
such installments.
10. >dorrower Not Released, Extension of the time for payment or modification of amortization of the sttttts secured ,
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to ukase, in any manner, i
the liability of the original Borrower and &+rrowcr s "successors in interest. Lender shall not be required to t:otntnenoe
proceedings against such successor or refttse 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.
l 1. Forbearance by Leader Not a Waiver. Any forfiearance by Lender in exercising any right or remedy herettrtder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
'Ilse procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lenders
right to accelerate the maturity of the indebtedness secured by this Mortgage. z
1Z. Retttttedies Cttnautadtre. All remedies provided in this Mortgage arc distinct and cumulative to any other right or !
remedy under this Mortgage or aBorded by law or equity, and may be exercised concurrently, independently or sucoestively.
13. Successors and Aasigas Iltaend: JoLtt and Sewed 1.iabWly; Captiows. The covenants and agreements herein #
contained shall bind, and the rights hereunder shall incuq to, the.rcspective successors and assigcis of Lender apd 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 arc for convenience only and are not to lk ttxd to
interpret or define the provisions hereof.
14. Notice. Except for any notice required under appticabk law to be given in .another manner. (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by cenifled mail addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to Tender at provided herein, and
(b) any notice to Lender shall he given ~by certified mail. return receipt requested. to Lenders address stated herein or to
such outer address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this ~
Mortgage shall be deertted to have been given to Borrower or Lender when given in the manner designated herein.
lS. UtaKors MortgsBe; Governing Law; Severabalty. This form of mortgage carbines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to corutitute a uniform security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In ttte
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 e0ect without the conflicting provision, and to this _
end the provisions of the Mortgage and the Note arc declared to be severable.
if. Ilbrr~owera Cory. Borrower shah be furnished a conformed cop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof. j
17..Trauster of the irroperty: Aswatptiow. if all or any part of the Property or an interest therein is sold or transferred ti
by Borrower without Lenders prior written consent, excluding fai the creation of a lien or encumb»nce wbordinate to
this Mortgagt, (b) the creation of a purchase money security interest for household appliances, (e)at»nsfer by devise, s
descent or by operation of law upon the death of a joint tenant or (d) the grant of any kaaehold interest of three years or less ~
not 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 arch option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is tee be sold or transferred reach agreement in writing that the credit of such person
is utisfactory to Lender and that the interact payable on the sums secured by this Mortgage shall be at such »te as Lender
shall request. if Lender has waived the option to accelerate provided in this Pa»g»ph 17, and if Botmweri successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obljgations under this Mortgage and the Nae.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance v?•ith
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 expi»tion of wch period, j
Lender tray, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof. F
e
Non-UNtFOttr?t Covt=.NATITS. Borrower and Lender further covenant and agree ss foilo~+rs:
li. Aecderatlo~ Reuttrdtea. >Etaert as rretrircd i, Nr+rsnrr 17 rersal, oleo llerrrwetra Meads d ttwy covetywt ate
agreement d inmswa b tYs Mortgage. irdrdrtg tee covenaats to ru7 wMw due troy ataua assured fti tYa Mertgagt. Lsuda
rriotr is aKesleradow era/ ttaaN uodce to lionrrwer as rrovNN iw pnga/r /4 rereot gscKyisg: p) the Meuc•M (21 tee tietien
tsgtieti M ewe trtaelt Mead t3) a ittle, trot less dtart 30 days tees the date dae ratio b taaYsd N lle~tuwer. ~ wlniei saaek
Meneta seat lee awr+ed; aui (4) drat tailors to care aster Mwei err ar retore tee date geefBsi V tee wetiee rray resuN M
aeeelerMlen d tie attar secussd Ih dries Merlgage, hasdowre b ji.~ieiul rroeeediag awl sale d ttte rrorerty. Tire watics
srr ttstrlMr idon. liartvwer d dte rig61 to rciusbte after sceeleration awd the rfgitt b avert i• tee tereelaaurt rrsretetiirg
tee ~ow~esialence d • detnlt or >m7 other dderts d soarower to scctkratiow ttratl /erecloaw:. M ~e Msaer is net etna+dl w
or Mgers the dMe gedietl i, tie works. Lender st [.euder's ortiow tnary tkeNtre at ~d rite atnrta tteewed y stria Meatwpe fa >k
f¦ttwedlMely due earl rnraMr witiod tttotra dttnand and stay taaselttatt sets Metttgage 4!' ~W /!'acse~R• Lender dtaM
k satlda! to eoiea7 fw ease rreeeedMg r errrcrrses of torecloswe. Maeluiiog. Mtf tact intits~ rswnabic attwrteYa fees.
awd nab d ieeunaeMary eviiertcs. aMfraeb awd title trcrorts.
1!. iortowa'a Rf~t to Re1¦atate. Notwithstanding Lenders scoekration of the sterns secured by thta Mortgage,
Borrower shall have the right to have any proceedings begun by Lentkr to enforce this Mortgage discontinued at any tithe
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