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Lender's written agreement or applicabb law. Borrower shall pay the amount of all mortgage insurance premitams in the
moaner providcd under paragraph 2 heroof.
Any amounts disbursed by Tender pursuant to tha paragraph 7, with interest thereon. shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, stash
• amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Note tmless payeneat 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 or fate
any action hereunder.
iws}ectiow. Tender 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 Lertde~s
interest in the Property.
9. Cowdewwstbw. The proceeds of any award or claim for damages, direct or consequential, in connection with arty
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall be applied to the sums secured ~j'th~]
with the excess, if any, paid to Borrower. In the event of a partial taking .of the Property. unless Borrower a~11
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 sums secured by this Mortgage immediately prior to the date of
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 1_ender to Borrower that the rnndemtaor offers to mate
an award or settle a claim for damages, Borrower fair to respond to 1_ender within 30 days after the date wch notice is
mailed, Lender is authorised to collect and appiy the proceeds. at Lender's option, either to r+estoratisxa or repair of 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
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the atttouat of
such installments.
10. Eorrower Not Rdesssed. Extension of the time for payment or mod'dication of amortization of the stnm 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 suns
secured by this Mortgage by reason of 'tray demand made by the original Borrower and Borrower's successors in intereu.
l 1. Forbearance ry i.ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hentmder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or tcrrtedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured 6y this Mortgage.
I2. Rewtxiks CtraswlMive. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. indeperaderttly or successively.
' 13. Swcee>sors sad AssiRws Bonwd:.Joiwt sad Several I~abiBty; Capdosts. The covenants and agreements herein _
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender spd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and several.
The captions and headings of the paragraphs of this Mortgage arc for convenience only and are not to Be uxd 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 Mortga¢e shall be given by mailing such notice by certi(kd mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Tender, as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Tender's addass stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice providcd for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Uwitorw MorigaRe: Governing Law: Sevcrability. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform stxurity instroment covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
E event that any provision or clause of this Mortgage ar the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given eQect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note are declared to be severable.
~ lf. Iblrower's Copy. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the tithe
( of execution or after recordation hereof.
17. ,Trawder of ere Property: Assnmptiow. if all or any part of the Property or an interest therein is sold or transferred
~ by Borrower without Lender's prior written consent. excluding (al the creation of a lien or encumbrance wbordinate fo
this Mortgage. (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
not containing an option to purchase, Lender may, at Lender x option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have w-rivcd such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be colt or transferred reach agreement in writing that the credit of such person
is satisftactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at :etch rate zc Lender
shall request. if Lender has waivod the option to accelerate provided in this paragraph 17, and if Borrower
s wccessor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
t oblijations under this Mortgage and-the Note.
1f Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice n mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of wch period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph lg hereof.
Norr-Untt=ora.r COVENANTS. Borrower and Lender further covenant and agrse ss follows:
1S. AceekrtrNow; Rewedia. ltscept ss provhled iw Nragrsph 17 rereo% trpw •orrowtts'a rimer of any eeewarrt K
agreement of Borrower `tr4 Mortgage. hst:lwdiwg the ewsewss>fs to iw7 when doe any sstrws s~ecwrei b tlds MortRaBe. iiewder
prbr to acederatlow shat wrwp aotlcce to Eorrower tts'rovfded In praBraph 14 hereof spCCltyfogs (1) trs newer: (2) the actisw
rttgatired M cw+e saver rimer; (3) a date, woe h*ss thaw 3o days from the late ere wotke is waled to •arrewer. b wrkr steer
rtreacr avast re cored; awd (4) trot talrrre a clue aticr rreach ow or hdore ere date s'eclied r ere wotke way rtestsk V
j wceekraliaw of ere swws secreted by rile Mortgage. torecbwre b Ndeial proeetdiwg seed sale of ere h~operty. Tie wsdte
i stair bitter iwtorw Borrower of ere rtgM to rseirrstde after acceleratlow awd tie ri`rt b assts i. ere toreeleawe pseteeiag
i ~e wow-e:Wawce at a ddaaM or awy otter detewre of forrower to wcaYksatiow awl torecloawre. N ere btreacr r woe ettrad ew
x a relore ere isle geeYed i• ere stotice. Lewder at I.ewder's opiow wavy declare it d ere ssr ssettsed b7' tW MortpRe t• re
iwwsediwlely dwe trod pyaiie witrod ttsrtba demand sand way foreclose tli MaAgage rr jtsdkW protoedlrtR. Lender shah
be stsallged to coarser iw swer'roeesdiag wr expewses rat torccbswre, iwcbdiag, rwl war iMsited la. r:aaorarlc stturner's fetes.
s a¦i cosh of iocn'tKwlar7 eridewee, abstracts awd title repab.
1!. I<ors~owa's itigrt to ReiwNate. Notwithstanding Lenders acsxkration of the sums secured by tht~ Mortgage,
Be[rower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
j;(j~K330 Pa~E2891