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Lender's written agreement a applicable law. Borrower shall,paY the amount of all mortgage insurance premiums is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by !.ender pursttanl to this paragraph 7. with interest thereon. shall become sdditional }
indebtedness of Borrower secured by thn Mortgage. Unless Borrower and lender agree to other terms of payment. wch
amounts shall be payable upon notice frpttt i.ender to Borrower requesting payment thereof, and shall bear interest from the i~i
date of disbursement at the rate payable from tune to time on agstanding principal under the Note unless payrrt of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rata
rmissibk under a Ircabk law. Nothin contained in this era ra 7 shall uirc Lender to incur an ex a take
Pe PP • g P g Ph ~ y Pew ;
any action hereunder. '
lagectioa. i.ender may make or cause to be made reasonable entries upon and inspections of the Property. provided {
that !.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lenders )
interest in the Property.
9. Costreswaatbw. The proceeds of any award or claim for damages. direct or consequential. in connection with any j
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. arc 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 by this Mortpge. ;
with the excess, if an , aid to Borrower. in the event of a 3
y p partial taking of the Property. unless Borrower and Larder t
otherwise agree in writing, there shall be applied to the sums sectrrcd by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums sccurcd by this Mortgage immediately prior to the dale o[
taking bears to the fair market value of the Property immediately prior to the dale of taking, with the balance o[ the proceeds ~
paid to Borrower. ~
if the Property is abandoned by Borrower. or if. after notice by lender to Borrower that the condemnor oRets to matte ~ i
an award or settle a claim for damages. Borrower fair to respond to Lender within 30 day= a[ter~the date loch notice a
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoratign.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 extetsd
or postpone the due date of the monthly installments referred 'to in paragraphs 1 and 2 hereof or t.'trange the amount of
such installments.
10. rorrower Not Released. )~xtension of the time for payment or modifkation of amortization of the sums secured
by this Mortgage granted by i_ender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrowers successor 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 by this Mortgage by reason ofrny demand made by the original Borrower and Borrower's successors in interest.
11. Forbearatee r7' Leader Not a Waiver. Any forhearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not 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 be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured hy~this Mortgage.
12. Reasediea Ctasalaave. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or af[orded by law or equity, and may be exercised concurrently, independently or successively.
• 13. Sacceasors oar AtaiRas >souad: Joht aai Several i.iabiWy; Capaoas. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inrrr~ to, the respective successor and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covcnants and agreements of Borrower shall be joiry and seven!.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to lk used to
interpret or deAne 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 certiAed mail addressed to Borrower at
the Property Address or at such aher address as Borrower may designate by notice to i.ender as provided herein, and
(b) any notice to Lender shall he given by certified mail, return retxipt 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.
IS. Uattonw Mortgage: Goveraitslt Law: Sevenbility. This form of mortgage carbines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute 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 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 etlect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be sevenbk.
ld. lorrowers Cory. Borrower shall be furnished a conformed cop)- of the Note and of this Mortgage at the time
e of execution or after recordation hereof.
t 17..Tradfer et tee Trorerty: Asstrarptiow. 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 to
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 yeah a less
not containing an option to purchase, Lender may, at Lender s option, declare all the sums secured by the Mortgage to be
immediately due and payable. Lender shall have waived such option to accelerate if. prior to the sale a transfer. Lender
and the person to whom the Property n ti. br cold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcn~ct payable on the sums soured by this Mortgage shall be at such me as Lender
i shall request. if Lender has waived the option .to accelerate provided in this paragraph 17. and if Borrower
s successor in
E interest has executed a written assumption agreement scaptod in writing by Lender. Lender shall release Borrower from all
obljystions under this Mortgage and the Note.
~ if 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 nit less than 30 days from the date the notice is mailed within
which Borrower may pay the wms declared due. if Borrower fails to pay such sums prior to the expiation of such period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Not+-Ur+t~atnr Cover+aNrs. Borrower and Lender further covenant and agree as iollo+rs:
li. Aeedesatit~ Rewedta. E:egt as rsevNei V raragrarh 17 rera.r. urea lernsras's hsaeh at any e..rzaaat K
ngreeasewt of >wrsrawer `fhb Malgage. laelaihtg the esreaarNs torn wren iae aq sawts saewtei b eels Merlgage. i.rier
rA.tr le aoeehsnuo. sear .rat! .Dace to sorrrwer s rrorNN r r.ragr.rr 14 rtaeot,reelrytags.(1) the Mtnrh;121 tee acelew
trogaisei Na core wti Meath; (3) a rate, act less ants 3• days irotw tee date ate aetlee b asaiei N >taesrrwer. h wrier stet
Mtath mtsr k ems aai (4) ant ttrart M care seer Meseh a K reease tee date srettiei iw tee aatke .ray rssait V
aeeelWatlaa of the titre seeassi t1y his Morlga~e, t~.etlos.re b }rkMt anti hale at tee Mrery. Tee .slice
slab frarlrer bt<ir~ >Totsrwer at tee rfgil N reistpale after acceiesalioa awl fie rigii is twice" la t:e fa:~iatai:e
Me aoa•e:Yewee d a ietttstlt or awy deer iefease o/ itlorra+rer to aaderatlea sad iwrrelowxe. K tee Mtath b sat etaei M
l or Mlare tee isle apeeltiei i• tee aNiet. !.coley N l.ertiers eerier ~ ieclare all at tee er seetared by Mb Mestgttge Oa re
r¦~e1y ice sett rayaMe wHroat tarirer dearaad oar atq toseelae trb Merle by jaiieW rtraeeeiaR. Lender der
~ re eatlMei b a+aract Y sloth rrrcetiiag r carcases of foredostsrtr. laelaifag. hot fret r¦rilsl trt„ reasaaaMe stturwetr's fees. .
atsl casts at iaesrmeahq! e~ileaa. aMtraels sal title repro.
1!. rarrowa's Rtght t• ReiaMak. NdwithstandinE Lenders acceleration of the sums secured by the. Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
acorRC~S P~cE 2~
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