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L_er~der's writ~en agreement o~ applicable low. Borrower shtll pay the amount of all mo~lgage insurance prcmiums in the
manner provided under paragraph 2 hereof.
Any amounts dishursed by I.enJer punuant lo this paragraph 7, with inlerest Ihercon, shall become additions)
indebtedness of Borrower securcd hy this Mortgage. Unlecs Borrower and l.enJer agrce to other terms of payment, such
amounts shall bt payable u~~ notice frc~m I.ender to Bor~ower requtsting payment thereof. and shall bear ioterest ft+om the
date of disbursement at the ratc payablc f~om time ta time on outstanding principal under the Note unltss payment of
interest at such rate would be contrary to applicable law, in which event such amounls shall bear interest at the hi~hat nte
pertnissibk ttnder applicabk law. Nalhing contained in this paragraph 7 shall require Lender to incur any expe~se or take
any action hercunder. :
~ a. I~qeetba. ~ender may make or cause to be made rcasonabk entries upon and inspectiorts ot the Pr~opettp, provided
that Le~der shall give Borrower notice prior to any si~ch inspection specifying reasonabk qu~e theref rdated to Lender's
interest in the Propeny, ~ _ ,
9. C~ p~~~ds of any awa~d or claim tor damaga, dircct or cor~sequential, in eon~ecaoA writh any
condemnation or aher tafcing of the Property, or part tAercot, or for conveyance in lieu ot coedemaation, arc ber~r ~ed
and shall be paid to Lender. . ~ , . ~ ; :
in the event of a totll takina of the Property. the proceeds sha11 be applicd to the sums~secured by ~his Mo~aae,
with the exce~. if aay, paid to BoROwer. in the event of a partial tskioa of the Property. unless Borrower and I~eoder
othervvise sgree in writing. there shall be applied to the sums saurcd by this Mongage such pro~portion ot the pnooeeds
as is equal to that proportic,n which the amount of the sumt secured by this Mortgage immtdiatdy prior te the date of
taking bean to tl~e tair market value of the Property immediatety prior to the d~te of taking, with the bstance o[ the p~~ocee~s
paid to $orrower.
' If the Property is ahandonrd by Borrower. or if. after notice by Lender ro Bomowtr that the oondemiwr ofkn to mate
an award or setNe a claim for dam~ges. Borrower faik to respond to Lender within 30 days after the date such ~wtioe is
maikd. Lender ic authorized to coilect and apply the proceed:, at Lende~'s option, eilher to ratontion or tepair oI !he
Pwpetty or ta the sums secured b~~ this Mor~gage.
Unless Lender and Borrower otherwice agree in writing. any such application of proceeds to principa) shall not extend
or postpane the due dat~ of tho monthly installments rcferred to in paragraphs 1 and 2 hereof or chanae tiie anwunt ot
such installments.
10. te~ruwer Not Rekased. Extension of the time for payment or modiRcation of amortization of the sums secur+ed
by this Mortgage gnnted by Lendrr to any iuccessor in interest of Borrower chall not operate to rtksse, in sny manner,
the liability of the original Borrower and Borrower's successors in interest. Lender sfial) not be requircd to eommenc~e
proceedings against such successor or rctuse ta extend time for payment or otherwise modify amortizat~on of the s~~ms
secufed by this Mortgage by rcason of ~ny demand made by the original Borrower and Borrower's successors in intercst.
11• Forbeansce by Leader Na s wsi~er. Any fnrhearance by Lender in exercising any right or rcmedy herounde~, or ~
~ othe~rise atforded by applicabk ls~r, shall ~t be a waiver of or preclude the exercise of any such right or r+ert~edyr. ~
f ' The procuremtnt of insuranc~ f~r the ~payment of taxes or other liens or charges by Lender shall not be a waiver o[ L,ender's ~
~ right to accelerate the maturity of the indebtedness securcd hy this Mortaage. ~
12. Reinedies Coan{atire. All remedies provided in ihis Mortgage an distinct and cumulative to any other risht or ~
~ remedy under this Mortgage or afforded by law or equity, and may be exercised concurrcntly, independently or successively. ~
13• S~cee~rors a~M Asti~~s donwd; Job! a~ Several I.isbNify; Captlons. The coveoants and asreements herein ~
contained shall bind, and the riRhts hercunder shall inurc to. the rcspective successon and assigns of Lender atid Borr+ower,
~ subject to the provisionc of paragraph 17 hereof. All covenants and aarcements of Borrowet :hall be joiry and several.
I The captions and headings of the paragraphc of this Mortgage arc for convenience only and are not ta be used to
interprct or define the provisions hereoL =1
I 14. Notke. Except tor any notice rcquircd under applicable Iaw to be given in another manner, (a) any notice to ~I
~ Borrower provided for in this Mortga¢e shall be given by mailing such notice by certifl~d mail addressed to Borrawer at ~
~ the Property Address or at such other address as Borrower may designate by notice to i.ender as prmided hercin, aod '
! (b) any notite to Lender shall he given hy cenified mail. rcturn receipt rcquested. to i.rnder s address stated herein or to '
such other addrcu as Lender m~y designate by notice to Borrowcr u provided hercin. Any notice provided for in this
Mortgage shall be detmed io have been given to Borrower or Lender when given in the manntr desianated hercin.
1S. Udtonw Mori~aRe; Gorerutu~ I.aw: Sev~rability. This form of mortgage combina uniform coveosnts for national
ose and non-uniform covenants. with IimiteJ variations by jurisdiction to constitute a unifornt security instrument o~verit~ ~
rcal property. This Mortgage shall be governed hy ~he law of the jurisdiction in which the Property is located. In the i
event that any provision or clause of thic Mortgage or the Note conflicts wi~h applicabk law, such conAiet shatl not alFeet
aher provisions of this Mortgage or the Nate which can be given efiect without the conAicting provicion, and to th~ ~
end the provisions of ~hc Mortgage and the Note arc declared to be severab:e. '
lf. Sorrower's CoPy. Borrower shall bc furnished a conformed copy of the Note and of this Mortga6e at the time i
of execution or after rccordation hereof_ ~
17. Trsenter o! ttie Property; Aswmpliow. If all or any part ot the Property or an intercst thercin is sold or transtened {
by Borrower without Lender's prior writ~~n conseni. excluding (al the creatian of a lien or encumbnnce subordinate to #
this Mortgagt, (by the creatu'n of a purchace money cecurity intcrest for household appliances, (c) a tnnsfer hy devise. _
d~scent or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold intercst of threc ycats or kss !
not co~taining an option to purchase, Lender may, at Lender'~ ept~on, declare all the sums secured by this Mort~a6e to be j
immediately due and payable. Lender shall have M~;,ived such option to acceierate if, prior to the cak or tran:fer. Lendtr ~
and the person ~o whom the Properry ic i~~ be cc+W or ~ransferred rcach agre~ment in writing that the eredit of cuch person ~ ;
is satisiactory to Lender and Ihat the interc.t payable on the sums securcd by this Mortgagt shall be at such rale ac Lender 3
shall request. If Lender hu waived the option to accelerate provided in this paragraph 17, and if Borcower's sucee:sor in
interat hu exauted a written usumption agreemenf accepttd in writing by (~ader, Lender shall release Borrower frc+m al)
obligations under this Mortgage and the Note.
If Cendtr txercises such option to acceleratt. LenJer chall mail Borrower notice of acceleralion in accordancr w•ith
puagraph 14 hercof. Such notice shall provide a period ot not las 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 sums prior to the expiratio~ of euch peric~d.
Lender may, without further no~ice or dcmand ~n l3orrower, invokc any remedia permitted by paragraph 18 ~ercc?f. ~
NoN-UN~FORUt CoveN~NTS. Borrower and Lender further covenant and a~ree as tollows: .
ls. Accderatba; Remedks. E:cep! r Providcd i~ psrq~ 17 ber~eo/. ~ lorrowtrs b~escM d My co•tw~! or
a~reeme~t ot farrower ie this Mo~a~e. inciudi~ tAe coycaawls lo pay rri~ea doe ssY s~ws secsna by thk Mort~aRe. I.ender
prbr lo sccekrstioa shaH inaU aotke to Eorrowcr as prorlded fa ~sra~rspA 14 bereo~ specHy~: (1) tAe 6re~cb: (2f ~Ne seti~
reqnlred to c~re srcb bnsch; (3) a date. ww ks~ t6~n 30 days /rone tbe date thc wotke Ls ua8ed Io Son~uwer. by whkh snel~
b~eac6 swt be rmd: ~d (4) tbst isil~rn M crn srcR bnscM o~ or 6etc~re ~u~ as~e ~~ea ~u~ ~~e ~ar
•cceierstbn of tbe sams ~ecvred br ~his MortR~e. /oaclosnrr br jadkial Pr'oetedi~K a~d sNe ot the rroperty. 7Uc wotks ~
fI1~I ~III'tbtf IA~OrUI aO~T'O~?tf O~ fIl! f~M f9 KIAShIt tlter accekntba swd tbt ri~~t b awert i~ the fortciosrre ~eocee~
t5e ~-cxistence ot a defauM or ~uy oiNer defense of eorrower fo sccekrstfo~ a~d torec{osrre. It tl~e breaci~ is ~ot cwe~ ow
or betore tAe date specified iw tbt notke, Lender at t.ender's a*tio~ eqry decbre d ot tLe s~~ stt~~ed by Mk Mort~a~e to be ~
i~t~nerd3sttly due an~ payibk witAout fartl~er dcmand ~nd may /weclost tbk Mo~a~e 6y j~dkW rt~etediu~. I.ender shap
be eotitled to co8ec! in srt6 Procetdix~ a!1 etpenses r~( fortclosere. Mclodins. MH ~ot Yrnitd to. reawnsbk sn~,rner's fees.
and co~ts ot doc~r~sswfary evidcnce. sbstrscts and ti~k «ports. ~
19. ~onewsr's Rf~ht to ReinstMe. Notwithuand~ng I ender's accclent~on of Ihe sums secured by th~s Monaaae,
Borrower shall have the right to have any proce~d~ncc b~~in by Lender to entorct this Mor~gage discont~nued at any time
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