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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 dishurscd by I.cm~kr pursuant tt) this paragraph 7, with intercs! thereon, shall become additional
inJehtednesc of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amounts shall be payable upon notice from (.ender to Borrower requesting payment thereat, and shall bear interest from the
date of disbursement at the rats payahk tram time to time on outstanding principal under the 1'M% unless payment of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
petmissibk under applicable law. Northing contained in this paragraph 7 shall require Lender to incur any expetae or take
any action hereunder.
a. lwspeetkw. [_ender may make ar cause to be made rcasortabk entries upon and inspections of tlra Property. provided
that lender shall give Borrower notice pricer to any such inspection specifying reasomsbk cause thtxefor `dated to I.endePs
interest in the Property.
9. Cowderwwafbw. The proceeds of any award or claim for damages, direct or corrsoquemtial. in oontrettiotr with any
condemnation ar other taking of the Property, or part thereof, a for conveyance in lieu o[ condemnation. arc hereby atwigned
and shall be paid to Lender,
in the event of a total taking of the Properly, the proceeds shall be applied to the sums toocured by this Mortgage.
with the excess, it any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Fender
otherwise agree in writing. there shall be applied to the sums stxured 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.
!f the Property is abandoned by Harrower. or if. after notice by Lender to Borrower that the condemnor oRets to make
an award ar settle a claim far damages. Barrawer fails to respond to Lender within 30 days after the dale such notice is
mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration 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 amount of
such installments.
le. Borrower Not Released. Extension of the time for payment or modiAcation of amortization of the stints tbcuted
by this Mortgage granted by !.ender to any successor in interest of Borrower shall not operate to ukase, in any manner.
the liability of the original Borrower and Bon~ower
c 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 of any demand made by the original Borrower and Borrower's successors im interest.
11. Forbearance by Lewder Not s waiver. Any fatbearance by Lender in exercising any right or remedy hereunder, or
otherwise ailorded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insuranceQr the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the matunty of the indebtedness secured by this Mortgage.
IT. Retwedies Crwtrktive. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by taw or equity, and may be exercised concurrently, indepenckntly or strccYSSivef)?.
' 13. Sreceaas awd AsslRws Bonwd; .loiwt awd Several i.labillly; CapMows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender sad 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 are not to be used to
interpret or define the provisions hereof.
14. Notke. Except for any nMice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e sha14 be given by mailing such notice by certiAed mail addressed to Borrower at
the Property Address or~ at such dher address as Borrower may designate by notice to lender as provided herein, and
~I (b) any notice to Lender shall he given by certified mail, return receipt requested. to Lender's address slated 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 Harrower or Lender when given in the manner designated herein.
IS. Uwitorwt Mortgage: Goverwiag Law: Sererability. 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 eoverittg
real properly. 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 applicable law, such conAiet 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.
16. th`rower's Copy. Borrower shall be furnished a conformed copy of the Nde and of this Mortgage at the bate
of execution or after recordation hereof. ~
1?. Trawsfer of the Property: Assrrnrptiow. If all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's pricer ro`tt`en consent. excluding fat the creation of a lien or encumbrance wbordinate to
'this Mortgage, fb) the creatran 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's option, declare all the sums secured by this Mortgage to be
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 a. be ca1J ar transferred reach agreement in writing that the credit of such person
is satisfactory to [.erode` and that the inters.( payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. Tt Lender has waived the option to accelerate provided in this paragraph 17, and if Botmwer
s successor in
interest has executed a written aswmption agreement accepted in writing by Lender. Lender shall release Borrower tram all
obligations under this Mortgage and the Nate.
if Lender exercises such option to accelerate. 1_ender shall mail Borrower notice of acceleration in accordarxe vrith
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 tails to pay such sums prior to the expiration of wch period.
Lends` may, without further ndice ar demand on Borrower. invoke any remedies permitted by paragraph IR hereof.
f NoN-UNtt=oRM Covt=_NaNTS. Borrower and Lender further covenant and agrce~as follaMS:
$ lg. AccderMiow: Remedies. 1Bxcept as provided k pragrapM 17 Irereol, trpw ljorrrwefs Meech of ..y coewrtwt K
agreeraewt of lorrowtr iw trb Mortgage. iwclydiug ere eovewawts to py whew are awy stn```s secrrcd ~ ttris Mortgage. Lewder
prior to atcelcratbw sratl wrest! notice to Borrower as'rovfded Iw pangrapr 14 hertot tslecifyiag: (1) the Mtrac\: /21 tAe sctkw
~ ttgrlred to cwre efts` Mtracr:l3) a date. root less thaw 30 days trww ere date ere wotlee b wailed /o lorrower. ~ ro`le` after
Mescr std be cwred; awd (4) that bikrc to ctwt efts` brewer ow or retort the Gate specl~ M the wotke way (settle i•
seceleratioa of ere sttwts secrrcd r1' tris Mortgage. /erselosrre ry jr4kial proessdMtg awd stele r/ ere Property. The woties
sraN t`ribe` lafotm Borrower of ere riRM to rsiwMde after aeeekeMfow strd ere rlgM Is afro``( k ere /orstiesrrs Meeee~ttg
ere wow-exWewce of a detarM or awy otrn aefewae of >lorrower to weeekratbw awi fereeloana N trt `teat` Is root cwred rw
or before ere date speeilied b ere twtke. Lewder at I.ewder's opiew way deckle ai of Ire (watts stewrsd b tfris Mortgage M re
immediately drte acrd pysble wif`e`( trrtrer demand awd may Isreclose tris Mal~age r1' jwdkW prressdiwR. lender craM
be etrtitlt:d to celled k after proceeding all espcnses of foreclosrrc. kckdiwg. rrl (nest titwitsd M, rsasrwtrle stt•xreti's fees.
awd cats of doerweNary eridcwce. abstracts and tifk rcprts.
19. lorrower's Rkrt to Reinstate. Notwithstanding Lenders acceleration of the sums secured by this Mortgage.
~ Borrower shall have the right to have any procerd~ngs tx~;rin by Lender to orator`s( thrs Mortgage discontinued at any time
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