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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 tender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and tender agree to other terms of payrntnt. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thcrcot,~at~ s I ~b~ar interest from the
date of disbursement at the rate payable from time to time on artstanding principal under ti"ie~ote unless payment of
interest at such rate would be contran+ to applicable law, in which event such amounts shall bear interat at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
~ Iwyectiow, Lender may make or 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 rcasotrabk cause tht~etor related to Larder's
interest in the Property.
Cowletwwatiow, The proceeds of any award or claim for damages, direct a consequential. in ooanection wrath any
condemnation or other taking of the Property, a part thereof. a for conveyance in lieu of cotrdemtratioa. src hereby staigrred
and shall be pact to Lender. .
in the event of a total taking of the Prop.rly. the proceeds shall be applied to the wms secured by this Mortgage,
with the extxs:. if any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Leoder
otherwise agree in writing, there shall be 'applied to the wms secured by this Mortgage such proportion of the proooeeds
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 markN value of the Property immediately prior to the date of taking, with the balance of the proceeds
paid to ~rrovres.
if the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor oRers to make
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice a
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.
lt. Borrower Not Rekasei. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage 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 Bc+rrawer's successors in interat. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payrtknt a Qtherwise 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. Rorbearaace b7 iewrer Not a Waiter. Any forbearance by Lender in exercising any right or remedy herermder, or
otherwise afforded by applicable law, shall not be s waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance~r 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 by this Mortgage.
12. Rewnedks Ctuwahrfire. All remedies provided in this Mortgage arc distinct and cumulative to any dhsr right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
13. Srreeessors swd Assigns Borwl; .loiat avert Sereral l.hllllty; Cspliows. The covenants and agreerrrerrts herein
contained shall bind, and the rights hereunder shall inure to. the respective successor and assigns of Lender sod 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 provistons hereof.
14. Notke. Except for any notice required under applicable law to be given in another manner, fa) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certifled mail addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by mice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to [.ender'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.
~I 1S. Uaitons Mortgage; Goventlag Law: SererabN/y. 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 or the Note conflicts with applicable iaw, such conflict shall not affect
dher 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 are Declared to be severable.
14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Ttrstrsfer of the Property; Assatwptiow. If all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior wrincn consent. excluding (al the creation of a lien or encumbrance subordinate to
this Mortgage. (b? the creation of a purchase money security interest foes hoasehoW 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 purchsse. Lender may. at Lender's option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived arch option to accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is u~ be coil or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable 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 Leader. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If Len_ der exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance M•ith
paragraph 14 hetrnf. 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 fails to pay such wms prior to the expiration of such period.
F Lender may, without further notice or demand on Borrower, invoke any remeditx permitted by paragraph IR hereof.
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Note-UNIfoaM Covenarrrs. Borrower and Lender further covenant and ague of follows:
Ifi. Actekratbw; Retweditw. 18xcept as proritler b pragra'h 17 hereof. srpa Rorrrwers rtreaeh of say cettaaM ar
agreettaerrt of Btrrower iw thh MocegaRe. itsclttdltsg the corewaa/s to py whew tae any strras sattrel ti this Motrglage. T.ea/er
prior N aceeieratlow shaft ttaail wotice to Botrrower as prorNer M pragryh 14 hereof spccifylag: (1) the breach;121 the seNow
i re7airel to care such breach; f3) a late. not less flow 3A rays from the date the ratite r twafkl N Borrower. b whklr sock
bttteaeh astral he csxea; gad (4) thN fdbrc to care ssteh breach eve K blare the late geeliel M the wotice ttaay resit V
acceleratiow o[ the stews seetrrel by thk MortgaRs. fircclowa b7' jw/ieial prroeeelhrg avert sale of the Ptapesiy. The wNkt
shall farther htorws Borro+er of the right to reiwstsle after accekrafiew stet the rlghl M arsM iw the taeeNsttrt
the wow-exWewee of a lefanlt or awy other leterrse of ionower b aeeekratiow awi toreekwaa., N the Meaeh is war eve
~
or bdore the date geciiel V the wotke. Leveler at l.etoler's a*tlaw wuy ltclane a8 of the starts srettretl b!' th4 Mortgage N rte
iwrwcdistely doe awl pyabk withoal ttMleer demand aver way farceloa tlrls Mortgage by jattieW pnetteliaR. i.endtr shall
be ttwfiMel to collect frs sttxh proeeediag all expenses et torccioswe. Iwehr/Iwg, bat war Bwrited fa. reasowable aft.xartr's fees.
steel east d daesrrwewhry eriltace. abstwets swd tick rsprts. #
~ 1!. Borrower's Rkht to Reastate. Notwithstanding Lenders acceleration of the sums secured by the Mortgage.
Borrower shall have the right to have any proceedings beam by Lender to enforce this Mortgage discontinued at any time
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