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tender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner pn,vidcd under paragraph 2 hereof.
Any amounh Jichuru-d by Lender pursuant to this paragraph 7, wish interest thereon, shall become additional
indebtednes of &-rrawcr secured by this Mortgage Unless Borrowrr anJ Lender egret to other terms of payment, such
amounts shall he payable ulx,n rxuicr from Lender to Bormwrr requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment o[
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permiuibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
>s. Itrspectbw. lender may ma{,c ar cause to he made reasonable entries upon and inspoctiotts of the Property. provided
that lender shall give Borrow•cr noticr prior to any such inspection specifying reasonable cause tht~efor related to Lender's
interest in the Property.
9. CoedemnaKon, The proceeds of any award or claim for damages, direct or oottscgrtct~tial, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. tirclret+eby assisned
and shall be paid to Lender. ~3'
in the event of a total taking of the Property. the proceeds shall be applied to flee tte)jnt ~9rW 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
o!htrwix agree in writing, Iherc shall be applied to the sums secured by this Mortgage such proportion of the ptooeeds
as is equal to that proportion which the amount of the sums secured by. this Mortgage immediately prior to the date of
taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
- If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to mate
an award or settle a claim for damages. Burrower fail. to respond to Lender within 30 days after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to rcstontion or repair of the
Property or to the sums secured by this Mortgage.
Ur,ltss lender and Borrower otherwise agree in w•ritrng. 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 of change the amount of
such installments.
10. Barower Not Released. Extension of the time for payment or modification of amortization of the sums secttred
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rckax, in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwix modify amonizatron of the sums
secured by Ihic Mortgage by reason of any demand made by the original Borrower and Borrowers steccesson in interest.
11. Forbearance by fender Not s Wainer. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law. shall not be a waiver of or preclutk the exercise of any such right or retnetly.
The procurement of insurance ar 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 scarred by this Mortgage.
12. Rew~edies Cumub>fhe. All remedies provided in this Mortgage arc 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. Successors acct Assigns Bound: Joint acct Sereral iLbiBfy; Csptbws. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigru of Lender acct Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joira and several.
The captions and headings of the paralenphs of this Mortgage arc for convenience only and arc not to be used to
interpret or define the provisions herrnf.
11. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in. this Mortgate shall be given by mailing such notice by certifkd mail addresxd to Borrower at
the Property Address or at such dher address as Borrower mav_ designate by notice to 1_ender as provided herein, and
(b) any notice to Lender shall be given by ttrtificd mail. return receipt requested. to Lender'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.
IS. Uniform Mortgage: Governing Law: Sesersbility. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with IimiteJ 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 clar,ce of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
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 'Vote arc declared to be severable.
16. 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 herrnf.
17. Trsnsfer of the ITroperty: Assemption. If all ar any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior writr:n consent. excluding lal the creation of a lien or encumbrance subordinate to
this Mortgage. Ibl the creation of a purchase money security interest for houxhold appliances, fc) a transfer by devise,
descent or by operation of law upon the death o(a joint tenant or Idt the grant of any leaxhold interest of Ihrec ycan or less
not containing an option to purchase. Lender may, at I_ender'c option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have nerved such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Properly is to be :o1J or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums xcured by this Mortgage shall be at such rare as Lender
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower i successor in
interest has executed a written assumprion agreement accepted in writing by Lender, Lender shall rekax Borrower from all
obligations under this Morlgage and the Note.
If Lender exercises such 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 30. rower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period.
Lender may, without further notice r-r demand on Borrower. invoke any remedies permitted by paragraph IR hereof.
NON-UNIFORM COVENANTS Borrower and Lender further covenant and agree as follows:
llf. Accekratiow; Remedies. Z;:ceps ss proriatd iw pragra'Ir 17 hereof. trpow Bortrower's brtsacb of swy corewawt er
agrecwxwt of Borrower iw this 1-tortRaRe. iwcludirrR Ibe corewaMs to py whew aw swy serves secrrta by tbls Ma•tRage. I.ewaer
prior to accekratiow sbaN mail notice to BaTOwer as prorided Iw pragrspb 14 hereof specifying: (1) the brt!scb: f2- the stttow
required to cure such 6trcacb;l3) a date. not less thaw 30 days craw the date the wotke b maNed to Borrower. by wbkb sutb
breach must be nred; sea (t) that failere to cwre such breach ow or bdore the daft: s'eeibed iw the wotke may result b
aecekntion of the stress stcored by this Mortgage. foreclosure by judkial proceeds and swk of the Tropcrty. Tire wotke
sbaN further inform Borwwer d the riRM to trciwstate titer sccekratiow awe the right to ssttrt iw tbt tortcbistrre'toeeedittg
the wow-c><istewct of a dcfswN or any other aettase of Borrower to accelerMbw era forecloswre. tf the breach b not csred aw
or before the date sPeci6ed is the notice, Lewder at tender's optbw twat declare all of Ibe slss stewrea by tbb MatRsge b rte
immcdistrly due swa prabk without further demand and may forrcbse fleas Mortgage by judkbtl /rvete~IrR. Lender sbap
6e to Collett a such proceeding all expenses of foreclosure. lechrding, bet not Ymitea b. res>sowsbk att.,rneY's fees.
ttrdof aoeutwewtary tiriaeace. abstracts acct tick reports.
19. Ba~ower's Rtgbt to Reinstate. Notwithstanding 1 ender s acceleration of the sums xcured by this Mortgage.
Borrower shall have the right to have am prcxecdme: be~,un by Lender to enforce this Mortgage disconunutd at any time
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