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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
indebtedness of Borrower secured by this Mortgage. Unless &irrower and LcnJer agree to other terms of payment. such
amounts shall be payable Ripon notice from fender tQ Borrower requesting payment therrnf. and shalt bear interest from the
date of disbursement at the net payable from tune to time on .outstanding principal un tt~~~~,~[[~~ ltrless payment of
interest at such rate would be contrary to applicable law, in which event Much amounts shal~tii~erekt M the highest rate
petYrtis:r'bk under applicable law. Nothing contained in this paragraph 7 shill require Lendt:r to incur any expense or take
any action hereunder.
>m Iws~ecMew. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lentkr shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
CowiewwNiow. -The proceeds of any award or claim for damages, direct or consequential. in conntxtion with any
cotrdemnation or other taking of the Property. a part thereof, or for conveyance in lieu of condemnation, are herdry assiguod
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 IVtortgsge. .
with the excess. if say, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
otherwise sgree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
as is egwl to that proportion which the amarnt of the sums secured by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Property immediatety prior to the date of taking, with the balance of the proceeds
paid to >sortoarer.
if the Property is abandoned by Borrower, or if. after notice by i.ender to Borrower that the condemnor oRers to make:
an award or setlk a claim for damages, &?rrower fails to respond to i_ender within 30 days after the date such notice is
mailed. Lender K authorized to collect and apply the proceeds, at lenders option, either to rcstontion or repair of the
Property or to the cams secured by this Mortgage.
~ Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shag not extend
. or postpone the due date of the monthly installments rcfern-d to in paragraphs i and 2 hereof or change the amount of
f such installments.
lelblb Not Released. Extension of the time for payment or modification of amortization of~ the sums secured
bynthis rtgage 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 Borrower's successors in interest. Lender sfiall not be required to commence
proceedings against such successor or rottrse 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. ;
11. Ror6earawee ~ Lewder Not a ll?aiver. ~ Any forbearance by under 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 insurancer~r the payment of taxes or other liens or charges by Lender shall not be a waiver of mender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rtwredies CwmrrWHe. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently or successively.
13. Swecessors. awd AsslRws soww/:.Joiwt a¦i Several ice: Captlows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and sssigrrs of Lender acrd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphs of this Mortgage arc for convenience only and arc not to be used to
interpret or deAne the provisions hereof.
14. Netke. 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 certitkd mail addressed to Bormwer at
the Property Address or at such other 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 receipt requested. to Lender's address stated herein or to
such other sddress 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.
1S. UwNorm Mortgage; Govtrw~ I,ar; Severability. This form of mortgage combines uniform covenants for national
use and iron-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 shaD not alfed
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
end the provisions of the Mortgage and the Nate arc declared to he severable. !
li. brrower's Co'r. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the tirrre ;
of execution or after recordation hereof.
17. Trawder of tfie Property: Aspm'tiow. if all or any part of the Property or an interest therein is sold or tnnsterred
by Borrower without Lender's prior wriurn consent. excluding (at the creation of a lien or encumbrance subordinate to
this Mortgage. (b) the crcatron of a purchase, mc?ney security interest for household appliances, (d a transfer by devise, ,
descent or by operation of law upon the death of a jrnnt tenant or (d1 the grant of any leasehold interest of three years or less r
not containing an option to purchsse. Lender may. at Lender's option, declare all the sums secured by this Mortgage to be E
immediately due and payable. Lender shall have w•rived such option to accelerate if, prior to the sale or'transfer, Lender
and the person to whom the Property is a. be co1J or transfers-d reach agreement in writing that the credit of such pttson
is satisfactory to Lender and that the interr.t Fayabk on the sums secured by this Mortgage shall be at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall rcleax Borrower from all
obligations under this Mortgage and the Nae.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in aceordarre.-c v?•ith
paragraph 14 hereof. Such notice shall provide a period of nd less than 30 days from the date the notice is mailed within
which Borrower may pay the sums oxlared due. if Borrower fails to pay such sums prior to the expiration of such pcricxl. •
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1R hereof.
o Norv-UNIFORM COVENANTS. Borrower and Lender further covenant and agree ss fdbws:
iti. Acceleratbw; Remedks. E:ceps s provWtr sa pntgrylr 17 hereof. reps iorrewers bread of awy covewawl K
# agreewrewt of iorrowtr i• this Mortgage. iwcbdirrg the eorewswls to py whew see say strays secwed 07' Nrk'Morgtage. Lewder
prior to sccekratlow slraB mail wotice to Borrower s rrorfrled b prsgraplr 14 Nereo[ specityiag: (1) flee beach: (21 ttse wefiow
r'M~ to cure ttttetr breach: (3) s late. wet less thaw 30 days from flee watt ttre wotice b wrailei b l6orrewtr. by wlritlr swcr
bsaelr mwt k cared: aw/ (I) drat faBwre to ewe swclr ereaclr ow or refer+e flee date :leciAtA M the wotke may restrM b
' acceleratiow of ttre scams secwed by this Mortgage. feredoserre ry jaakid proceeaMg scat sale of flee rropery. Tlrt wetke
shay fwrtlrer iwform Borrower of the riRM to reiastNe after aeeekratiow aw/ flee right to assert b the foreelastrre procetdlwg
the wow-a:istewce of a dcfatrlt or awy ether ietewse of Borrower to aecelcratiow awd foncloarre. N IAe ereacA is wet cw~ed ow
or before the dNe gecified b flee wotke. Lewder at Lender's eptiow ~7' reeUre aM d the scams srewrer h' this Mortgage to ~
immediately drre scat pysbk witbN feather demand and may fereckae ttds MaAgage h' NrcetdhR. i.ender sAaq
be ewtitled to cortel b srrclr proceednaR r expewses of foreclosure. iwch>+iwg. bet wet YmNefs te. reasowable adtnrnrr's fees.
awd costs of docrrwewtary eridtwce, sbstracts awd tick sports.
1!. •orrewer's Right /o ReiwNate. Notwithstanding Lenders acceleration of the sums xcured by this Mortgage.
f Borrower shall have the right to have any proctcdrngc txt{rin by lender to enforce this Mortgage discontinued ar any time
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