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<br />such lien by, or defend enforcement of such lien in legal proceedings wIlicIl!o
<br />forfeiture of the Property or'any part thereof.
<br />3. Hazard Insurance. Mortgagor shall keep the improvements now exist
<br />sured against loss by fire, hazards included within 'the term "extended covera
<br />requi're and in such amounts and for such periods a I s Mortgagee may require; :
<br />that the amount of such coverage exceed that amount of I coverage required to pay,tl
<br />The insurance carrier providing the insurance shall be chosen by Mort
<br />that such approval shall not be unrd.asonably withheld.1 All premiums on iTlSUra9(
<br />payment, when due, directly to the insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to
<br />clause in favor of and in form acceptable to Mortgagee; Mortgagee shall have the� r
<br />and Mortgagor shall promptly furnish to Mortgagee all :1 enewal notices, tile polici e
<br />paid premiums. In the event of loss,7, Mortgagor shall give prompt notice to the ins
<br />may make proof of loss if not made promptly by Mortga6or.
<br />In the event of a loss, the amounts collected shall be payabig to the Mort6a
<br />used in any one or more of the folicl% �ing ways: (1) ap I plied upon the lndebtedne�!
<br />be matured or unmatured; (2) used to fulfill any of the' covenants contained hereir
<br />replace or restore the Property to a condition s,atisfacto Ir y to Mortgagee; oi- (4) 1, el
<br />l
<br />tion of py9ceeds to the Indebtedness'shall not extend or, postpone the due date of t1h
<br />graph I hereof or change the - amount of such installments. If under'Paragraph 15 i I
<br />all 'right, title, and interest of Mortgagor in and to any insurance pqlicies and in al
<br />to tile Property prior to the sale or acquisition shall pass to Mortgagee to tile extell
<br />ately prior to such sale or acquisition.
<br />!I tgagor shall keep the Prdp
<br />4. Preservation and MaintenanEe of Prop LtK. Mj I r
<br />commit waste, impairment, or deterioration of the Property and shall comply with Z
<br />5. Protection of Mortgagee's Sdcurity. If Mortgagor fails to perform the cover
<br />or if any action or proceeding is commenced which materially affects Mortgagee's,lii
<br />1 10
<br />limited to, eminent domain, insolvency, code enforcement, or arrangements or pl,
<br />then Mortgagee at Mortgagee's option upon notice to M' -tgagor, may make such ael
<br />action as is necessary to protect Mo!-tgagee's i terest, I nclUding, but not limited tc
<br />and entry upon the Property to makb repairs. ny amo I unts disbursed by Mortgab(
<br />thereon shall become additional Indebtedness f Mortgaglor secured by this Mortgac
<br />Unless Mbrtgagor and Mortgagee agYee to other terms o J f payment, such amounts �h
<br />Moi-tgagor requesting payment ther�of, and shall beat- interest from tile date of disl
<br />interest at such rate would be contrary to applicable law, In WhiCh 6Vent, Such am
<br />permissible by applicable law. Nothing contained in this Paragraph 5 shall requl),,
<br />hereunder.
<br />6. Inspection. Mortgagee may make or cause to be made reasonable entries U : P
<br />7. Condemnation. Mortgagor agrees that all award I s heretofore or hereafter ma
<br />tile present and all subsequent own6rs of the Property, covered by this Mortgage 6�
<br />domain by such authority, includinb any award for � talking of title, . possession, �1
<br />change or grade of streets affecting said Property, are I iereby assigned to tile Mo; -I
<br />-ected and empowered to collect and.receive the proceeds of any
<br />by authorized, dit I
<br />same and to give proper receipts and acquittances therefor, ani may, at tile MortgZ
<br />or more of the following ways: (1) , apply tile same or any part thereof upon tile In
<br />Indebtedness then be matured or urimatured; (2) use tl�ie same or any part thereof
<br />as tile Mortgagee may determine; (3) use the same or a ny part tllel�eof to replaceo
<br />factory to tile Mortgagee; or (4) re�ease the same to t1le Mortgagor; and the Mort6zi
<br />the Mortgagee, upon request by I
<br />thd Mortgagee, to make,, execute ar-fd deliver ainy,�,
<br />sufficient for the purpose of assigni'ng all such awards to the Mortg�gee free, cle�r
<br />of any kind or nature whatsoever. '.Tile application of such procced's to the lndebtc(
<br />date of tile monthly installments referred to in Paragraph 1 hereof ot., change the
<br />8. Mortgagor Not Released Extension of the time for payment br modification'
<br />Mortg�age by Mortgagee to Mortgago . r or to any successo I r in interest:of Mortgagor , sl
<br />li�bility of the original Mortgagor and Mortgagor's succlessors in interest nor shall
<br />Mortgagee shall not be required to commence proceedi: I
<br />ngs against such successor,
<br />otherwise to modify amortization of the sums secured b this Mortgage by reason 6f
<br />Mortgagor's successors in interest:
<br />9. Forbearance by Mortgagee -Not a Waiver. Any forbearance by Mortgagee,il
<br />or otherwise afforded by applicable law, shall not be a �vaiver of or:preclude the 6
<br />pr�6curement of insurance or the pay'rilent of taxes or o'dier liens or'charges by M6r
<br />right*to accelerate tile maturity of tile Indebtedness secured by this Mortgage.
<br />, 10. Remedies' Cumulative. All remedies provided in' this Mortgage are distinc ! t
<br />under this Mortgage or afforded by'law or equity, and I ay be exercised concurre�n
<br />'11. Successors and Assigns Bound; Joint and Se T ral Liability; Captions. T
<br />shall bind, and tile rights hereunder shall inure to the �espective successors and:Z
<br />covenants and agreements of Mortgagor shall be joint and several. Tile captions ar
<br />are for convenience only and are n ot to be used to. intbr I pret or define the provisio n
<br />Property or any part thereof becorries vested in a person other than the Mort�jagor�,
<br />or successors in interest with reference to this Mortgage and tile Indebtedness herc
<br />Mortgago r without in any manner vitiating or discharg! g the'Mortgago;r's liability
<br />secured; and in the alternative, aCthe option of the Mot tgagee the. Mortgagee may
<br />ness is immediately due and payable. , �- I -, ; - -
<br />12. Notice. Any notice from Wrtgagee to Mortgagor provided foi- in this Mortgi
<br />l
<br />at the Property Address stated bel6w or at such address as Mortgagor may designpi
<br />address, except for any notice given to Mortgagor in ihe manner prescribed by apr.
<br />this Mortgage.
<br />13. Uniform Mortgage; Governing Law; Severability. This form of Mot tgage�c
<br />and non-uniform covenants with limited variations by-j6risdiction to constitute a ur
<br />This Mortgage shall be governed by the law of the jurisLliction in which the Properl
<br />or clause of thi!;.Movtgage or the Note conflicts with applicable law,, such conflict sl
<br />or the Note which can be given effect without the con flicting provision, and to this
<br />Note are declared to be severable.
<br />.14. Mortgagor's Copy. Mortgagor shall be furnished a conformed copy of this! f
<br />recordation hereof.
<br />2
<br />)erate to !prevent the enforcemen't ot"the lien or
<br />-ig or herleafter erected on tile Property in -
<br />ell and s i uch otl�er hazards as M ortgagee may
<br />3royiaed,1 that N ortgagee shall not 'require
<br />e sum , s slicured y this Mortgage.l
<br />lot- subject to ap�roval by Mortgagee; provided,
<br />a policies' shall be paid by Mortgagor making
<br />kiortgage� 3nd sl I iall include a sta;pd6rd mortgagee
<br />gllt:to hoid tile p licies and renewals thereof,
<br />an d any, renewa s thereof and aH, receipts of
<br />irance cai rier arld Mortgagee, anO Mo.rtgagee
<br />lee and at the op� ion of the Mortgagee may be
<br />secured 'hereby whether such Indebtedness
<br />as t h I e M6rtgage may determine;; (3) , used to
<br />!ase, the same to he Mortgagor. Soch,applica-
<br />monililylinstall ents referred to�' in Para-
<br />21.e6f," tile Prope 'y is acquired by Mortgagee,
<br />d to� tile p r6ceeds thereof resultir�g from damage
<br />of the sum secul ed by this Mortgage immedi-
<br />!rty;in good repair and shall not bermit or
<br />iy r estrictions affecting tile Prop6-ty'.
<br />ints and agreem nts contained in' this Mortgage,
<br />te re st i . I I b
<br />n1the'Pro erty., including. ut not
<br />eedings involvirg a bankrupt or�ddcederft,
<br />ear,�nces disbut se such sums and take such
<br />disb , ursement o' reasonable attorney's fees
<br />2 parsuailt to' t it Paragraph 5 with interest
<br />! to,the ext rmitted by applic6b.le law.
<br />Tt
<br />III a able up n notice from Mortgagee to
<br />urs men� at tile ate of 10'. unles is payment of
<br />,e � I.
<br />unts shall beat- i iterest at the highest rate
<br />Mbi'-.tgagee to innur any expense�or do any act
<br />n and inspection of tile Property.,
<br />le by �a public or I quasi -public authority to
<br />viriub of an exercise of the right of eminent
<br />right of access to a public way,' or -for any
<br />jagee� and the M)rtgagee, at its option, is here-
<br />.1ch awards from'the authorities making the
<br />)cell : I I..
<br />s:e ection, u e such prciceed� in any one
<br />cbt�dness`secul d hereby, whetper such
<br />o fulfi e covenants contained herein
<br />res ; tore t I lie Property to a condition satis-
<br />lor k9refJ,y covenants and agrees I to and with -
<br />ld ail'assignmen s and other instruments
<br />:ind disch" a rged f any and all encumbrances
<br />nes� shall not extend or postponel the.clue
<br />-1
<br />iunt!of such inst�l I Iments.
<br />It- amortization of the sums securied by this
<br />all i�ixlt operate tc release in any manner the
<br />uch adversely afect the lien of this Mortgage.
<br />D r . duse to or to extend time for paymdrit or
<br />any'dema nd mad by the or ginal-Alortgagok: or
<br />exelrcltsipg any -right or. remedy; hereunder,
<br />2rcise of i any rig it or remedy hereunder. The
<br />gagLe shal I not e a waiver of M 6!rt'gagee's
<br />nd Cumulative to any other right,or remedy
<br />ly, indepiendentl � oi- successive[
<br />e covenants and agreements herbin cbhtained
<br />p
<br />isighs of Mortga� ee and Mortgagor. All
<br />A he,adings of th. paragraphs of this Mortgage
<br />here or I
<br />. . In tile I vent the ownerghip of the
<br />lie Mortg'agee may deal with such successor
<br />)y secured in the same manner as with the
<br />herel.ind�r or up )n the Indebtedness hereby
<br />Ieclar.e that the'd ipaid balance of the Indebted-
<br />.je shall be maile I by certified mail to Mortgagor
<br />to Mort6agee by certified mall,ito Mortgagee's
<br />icable' la�,v as pAvided I. Paragraph 15 of
<br />imbines uniro 1. M Lvenants for national use
<br />form sect.111-ity in�trument covering real property.
<br />is located. In -the event that ar)y provision
<br />311 not affec,t oth dr provisions of,this Mortgage
<br />nd the provision� of this Mortgage bind tile,
<br />ortgage at the ti e of execution 61: after
<br />I
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