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Lender's written agreement or applicable law. Borrower shall pay the amount o[ dl mortgage iruurarrce ptemiurrrs is the
manner provided under paragraph 2 hereof.
Any amounts Disbursed by (.ender pursuant to this paragraph 7. with interest thereon shah. become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agtr7e~ b ~r ~ertRs of paynreM. such
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 fr~tn tithe to time on outstanding principal under the Note artless paynrart 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 cantairred in this paragraph 7 shall require Lender to incur any expettse or tape
any action hereunder.
IwspeeNmt, lender may make ar 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 b Larder's
•interest in the Property.
9. Cowdewrwafbw. The proceeds of any award or claim for damages, direct or consequential. in conrreetion with any
condemnatan or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby sssigtred
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 Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
otherwise agree in writing. there shall be applied to the sums secured by this Morigagt such proportion of the protxeck
as is equal to that proportion which the atnatnt 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 balatroe of the proceeds •
paid to Borrower.
if the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor otters to make
an award ar settle a claim far damages. Borrower fail. to respond to tender within 30 days after ~tlie date such trotioe is
mailed, Lender ix authorized to collect and apply the proceeds. at I.errdec's option. tither to restoratan or repair of the
Property or to the sums secured by this Mortgage. ~tr,~ ;.y.,. : ,
Unless (.ender 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 referred to in paragraphs 1 and 2 hereof or change the amount o[
such installments.
10. tiforrower Not Reks~sed. Extension of the time for payment or moditkation of amortization of the sums secured
by this Mortgage granted by lender to any successor in interest of Borrower shall not operate to rcksst. in any manner.
the liability of the original Borrower and $c~rrower's successors in interest. Lender shall not be required to commence
proceedings against such successor or rcfttse 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 intercu.
11. Forbearance by I.errder Not a Wainer. Any forlxarance by I~nder in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall rat he a waiver o[ 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 shaft not be a waiver of LendePs
right to accelerate the maturity of the indebtedness secru+ed by this Mortgage.
12. Rewredies CawwlaN•e. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Montage or afforded by law or equity, and may be exercised concurrently, independently or successively.
iJ. Srccessors and Asstgws tdiound; Joint and Serena( i.iabiNty; Capflows, 71re eovenaat: acrd agreements lrercin
contained shall bind, and the rights hereunder shall inttrt to. the respective successor and assigns of Lender and 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 are for convenience only and are not to tk used to
interpret or define the provisions hereof.
14. Notke. 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 ceriiflod 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 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 ar Lender when given in the manner designated herein.
1S. Uwiforwt MorlRaRe; Co•erwittg Law; Stvera68ity. This form of mortgage combines 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 ar the Note conflicts with appficabk law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc Declared to be severable.
lf. Borrower's Copy. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trattuter of ere Troperly; Assuntptiow. If all ar 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 subordinate 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 !aw upon the death of a joint tenant or (dl the grant of any leasehold interest of three ytan or less
not containing an option to purchase, Lender may. at Lender's option, declare all the sums secured by this Mortgage to bt
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is to be cold or transferred teach agreement in writing that the credit of such person
is satisfactory to Lender and that the interr~t payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. T[ Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower
s successor in
interest has executed a written auumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obljgations under this Mortgage and the Note.
If Lender exercises stxh 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 is mailed within
which Borrower may pay the sums declared due. If Borrower faits to pay arch arms prior to the expiration of such period,
Lender may. without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
NoH-UntFOtrnt CoveHen'rs. Borrower and Lender further covenant and agree as fotbws:
ifl. Aecderatiow; Rewredia. tgttcept s provided iw pwragrapr 17 hereof. trpow •orr+rwes's bssaer d any cw•ewaN ro
agreewsewt o/ tiwrrower b tlds Morlgagt. lwcladittg else corewaals to My whew dwe atq stews scented b7' iris Morlgsge. iiesder
prbr to seederwtlow srr stall( wetter to Borrower at prodded b paragrapr 14 rertrat gecYriwgs q) tMte breast; (s1 ere aetMw
sprMed b ewre ewer ltresclr; (3) w dMt, wet lea thaw 3fi days frotw trc dale the wotke Y coral M Borrower. ~ wrkr taut
ksarti ttsad k ewred; and p) twat faWre to ctu+e aster breast ow or herons ere date s'eclied 1. ere notice ray reswN Iw
wettrleratlew eft tfie swms sscarsd by rids Mortgage. twseloswre b jwdkW procetdiag awl sale of ere itroperty. Tire. wadce
srr frs•rer iwtart• Borrower of ere right to eslrwtate after accekrNbw and ere right b ttwtat N sire taselaatrrs proestdb~g
Ire wow•existaree dt a dtfawk or ay otter detewse oft Borrower to wccekrMiow awl foreeioswre. If Ire brsacr Y wol ewrsd w
or bef!ers Ire dale spteMed i• ere wotke. lewder a! t.eader's optlow sway declare r of Ire swwr seewrsd ~ IrY Mwrlgags N be
iwwredirr/eljr dwe wwd payable witrowt fwnrer demand and Wray fersclae iris Mer~age try jwdkW prrteeetliw(t. lewder sraN
k artilfied N eoYsat iw saver proeeediag r e:pewses of forccloswrs. fwclwdiag. bwt wN flssNtd N. renewable ettwoeYs fees.
atl eoab at iocr'~rewtary stidewce, abatncb and title reportr.
I!. laraswa's Wgrt N Reinstate. Natwithstandinlt Lenders acceleration of the awns secured by thrs Mortgage,
Borrower shall have the right to have any proceedings hettun by Lender to enforce this Mortgage discontinued at any tint
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