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Ltodetr~s writtar apeewrent or ~ . , ~ •
apprcabie law. Bormr?rr shall pay the amount of aq naTtgage iaswatroe prcmiurrr: in the
nraotrer provided trtrder parapapr 2 hetteof.
An]? amounts disbursed b! Larder ptrrsusnt to this paragraph 7..vith interest thereon, shat! become additional
utdebteduess of Borrotrer socwod by this 111ort~e. L'dess Borrower and Lender agree: to other esters of paytrrent, such
amounts shag be Payable trpar notice flora Leader b Borrower requesting payment thereof, and shall bear interest from the
date o'f ~°~Ot ~ ~ PaT~ f~ ~ to terse an outstatd~s principal wtder the Note unless paytttent of
interest ~ suer rate could be oostrary to applicable law. in which et~nt such amounts sha0 bear inttrat at the highest rate
Pte under applicable law. Notlwta oowtaiared is this paragraph 7 shag require Lender to incur any expense or take
gay action Irtxerrder.
1R iwr~cliiaa Lender may state a cause to 6e made r+easonabie entries upon and inspections of the Property. provided
that ierrder shay ~ BoaowAer notice prior to any such urspcction specifying reasonable cause therefor related to Lender's
twterest in the PtOPaty.
~ Cwniensaafaa The proceeds d arty atr-at+d a claim for damages, direr a consequential. in rnnrtection with any
condearnrtrtion or earner taturg of the Property. or part thereat, a !or convryanee in lieu of condemnation. arc hereby assigned
acct sbaB be paid b Laden.
In the sweat of a total rating d the Property. the proceeds shall be applied to the sums secured by this Mortgage,
with the exot_ss, if arnr. paid to-8arrow~er_ in the•er~art of a partial taking of the Property. unless Borrower and Lender
odrerwi9e ages ie rritirgt. there shag 6e applied to the sums secured by this Mortgage such Proportion of the proceeds
as a ~ that Pr'oP~eon wfiiclr dre amount of the stwns secured by this Mortgage immediately prior to the date of
rating bears to the fair rmrtd value d the Property Mutkdiatety prior to the date of taking, with the balance of the proceeds ~
paid to Borrower.
if the Ptvpertt is aboadoood by Borrower, a if: after no[ioe by I.ettder to Borrower that the condemnor offers to make
an award or settle a claim for damages, Borrower talk to respond to Lender within 30 days after the date such notice. is
mailed, under is ardrorited to ooBoct gad apply the proceeds. at Lender
i option, either to tworation or repair of the
Property or to the stares srcared by this Mortprge_
Liaksa LtmdK and Borrower otbatcise agree in w•tetirtfe. any such application of proceeds to principal shall not extend
or Postpone the doe dale d the aaatthfy enstalrtrentts referred to in paragraphs 1 and 2 hereof or change the amount of
such insplpnrerds. -
ld= Baxrtt~wer 11T~t ldawed: F.~tieasioa d the time for Pa}mrnt or modi$cation of amortization of the sums secured
by this MortaaBe ganttd by Leader to arcs strooessor in interest d Borrower shall rtor opeate to release, in any manner,
the liabrluy d the oriynal Bomowter acct B s successors in interest. Lenrkr shall not be t+egtrired to commence
rrmeeirtgs apinst such successor or rrfir9e to extend tune for payment or otherwise modify amortization of the sums
by this t[ort~e br re:sort of any demand made by the oritinal Borrow~rr and Borrower's successors in interest.
i1. Fitrbearsce hl ieaie! wt a RainF+er. Any tort,earartce M Lender en exercising any right or remedy hereunder, or
otherwise afforded by ~ law?_ shall not be a waiver of or preclude the exercise of any such right or remedy.
The pmeurpaatl d rastraoae or tire: payrtten d taxes or other liens a charges by Lender shall rat be a waiver of Larder's
right to ar:a~rlerate the maturity of the irdeMed,oess sKUnd M this MoRsage_
1L Rameies CLalair~ A8 rctot:Y6es pm+~idod in this Mortgage are distinct and cumulatitre to any other right or ~
rearedy trader this li/ottftaae a aQorded br law a equin_ and may be exercised oontctrrrently. independently or successively.
Z3'' Sacceasars and Asa~as liawr~ )pit aatl Se.cYal i~abiity; Cayttians. The covenants and agreements herein
oontainod shall bed, and the ritdrts lrerermder shall inyre to. the rrspative strecessors and assigns of Lender and Borrower.
subject to the provisions d paragraph 17 hereof. All ea+aertants and agreements of 8orrovrer shall be joint and several.
The pptions and hadiags of the paragraphs of this Mortgage are for convenience only and are not to be used to
interpret or die5rre the provisions herroof.
11. orrice- Eioept for gay rrotiae required trntder applicable law• to be given in another manner, (a) any notice to
Borr°'a'er pr'°`ided for is then ?Nortpge shag be green M rrtailin~e such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Bormwrr may designate by norioe to Lender as provided herein: and
(b) gay notice to Lendier shall be gisen by certified mail. mum receipt requested. to l.ertder's address stated herein or to
such other address as Leader may designate M notice to Borrnr?,er as provided herein. Any notice provided for in this
Mortgage shall 6e deemed to ha•~e been ttiaen to 8orrvwrr or Lender when given m the manner designated herein. -
15 i,=i7~ Martg~ Garerairrg Law: SestvabBds: This form of mortgage combines uniform covenants for national
use and ran-uniform eosenants vruh limitsd variations M jurisdiction to constitute a uniform security instrument covering t
real Pry?- ~ Katt~ shall be ~eoverrrod M the law- of the jurisdiction in which the Property is located. In the
event that any provision a elatrse of this 1lortga3e or the Note conflicts with applicable law, such conflict shall not affect
other prrn-isions of this Mortg~e or the Note •Itich can be aisYa tffect without the conflicting provision, and to this
end the prrn-isions of the Mortgage and the Nate are declared to be severable.
lf. liwrrarwerr*s ('.mss. Borrower shaA be furnished a conformed copy of the Note and of this Mortgage at the time
of execulioo a afar reoordanion hereof.
17. Traatfer d The lteperts; ate- If all or ans. part of the Property or an interest therein is sold or transferred
by Borros2r without i.ender
s prior .?-rittrn consent, ecciuding (a1 the oration of a lien or encumbrance subordinate to
this Mortgage- fbl the creation of a .purchase money security interest for household appliances, fcl a transfer by devise.
desernt or bw operation of iaw upon the death of a joint tenant or (dr the grant of any kasehoW interest of three years or less
rent condaiaurg an option to pnrrchasG Lender rttay. at Lender
c option, declare all the sums secured by this Mortgage to be
rmmedrately due and payable- I-ender shall lsase waked such option to aooekrate if. prior to the sale or transfer. Lender
and the person to w-hosn the Prupem es to 1x solo or transfetml reach agreement in writing that the credit of such person
is satisfxtorv to Lender awd that the interest pa}•abk on the sums secured by this Mortgage shall be at such rate as Lender
shall regtnest_ If Leader has vrai~ed the option to acoekrate provided in this paragraph 17, and if Borrowers successor in
interest has acectded a wTUtep assumption agroemart accepted in writing by Leader. Lender shall release Borrower from all
obiigatioas under thes Mortgage gad the Igoa.
if Lender ecercises such option to acxekrate_ Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof- Such ntotioe shag provide a period of not less than 30 days from the date the notice is mailed within
whrch Borruw-er may WS the sums declared due- If Borrower faik to pay such sums prior to the expiration of such period, i
Lerrdcr ma~_ without fwther rrotioe or demand on fiorrow,er_ in.-ole an}- remedies permitted by paragraph 18 hereof.
?fox-[;~rFOnaK Cos->:sra~-rs_ Borrows and Lender further oovenam and agree as folbw-s:
li. Accekratia~ Remcies. ~ ac pnsidei i prat;raPr 17 recent, rrp~ ltorrowtx's baacr d a¦y covenant or
ag~eeareat d iMrrs~w+er i 1MC Narlge. icintiirg tie as~ewatwls to !a7' wiea iae'~ sums secared by this Morlga`e, Carter
prior ~ acederada~ siw! anal tamer >M as psile~l i pragnrPr 14 rer~of s~ecifyit: (1) the breacr; (2) ere acting
rgaid rs care srrcr ~ A? a later rat less ~ Mt lass from ire late ere notice b trntaiel to Borrower, by wbkr socr
bnnwcir mast be cme# anti tN1 tlttat fai.ne M care s~cb brescr err er fre#ar+e tyre date species i. the notice wy result h '
xedetattitrn of tie sts scrnM k tits ~1ter~w~ fireclasatre by jnlicial Prnceedirrg a>.l sale of tre Property. 11re aotlce
srn¦ frrrifMer ifarm Mrrrrrer d lre riart y reiasiate after seceletafiaa acct ere nigh b arratM in tie foreclosure proctediwg
ere nora-esirtpeace i a icfai wr aa~ alter idease of iorrr.rer a ~ awl foreclosure. N ere breacr is not nrcd on
or bdore the Date s~eclietl i ere aafice. ieaier at I~estler's option may ieefare afl of the suns sectrrrcti by tris Mortgage to be
imaeiately ie anal pl>.Ye rritrn¦t furiier rewrawi amt tarry foreclose t~ ?Nortga6e by jirndkial proceed. Lender shall
lie eatidel N coirect i sttrcr Pruceei'iwg aB espeasa d fireciostoe, • bed trot fiirrrihd to, rerrsowabk attorney's fees,
and meats t# iacu~eutary e+iie¦ce, abstracts ant tide re*orfs.
1!. lerro..cr's Right N Re~raae. Notwithstanding Lenders atakration of the sums secured by this Mortgage.
Borrower shall hatir the right to ha.e an} proooodmgs hrgtrn b}. Lender to enforce this Mortgage discontinued at any time ,
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