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<br />lender's writtf:n agreement or applicable law
<br />manner provided ul'!d,~r paragraph 2: !-.errof
<br />Any amounts di'!bursed by Lender pursuant 10 this paragraph ", with interest theret-'\fl, shall b..>come additional
<br />jn~~htedness "f iBorrower secured bv this MOr!2aee, Unless &'ITower :md Lender 3!:;ree to other terms <~f payment. such
<br />alTl(lUnts shall lbe payable Upoll notic~ from Lende; 10 'Bom'wer reqt..>e<<ting payment thereof, and shall bear inter~t from .he
<br />date, of disbursement at the rate payable from time to time on out,,-randing principal under the Note unless payment of
<br />inle'resl at such rate wO"uld be contrary to applicable law, ;n which event such amounts shall bear interest at the highest rate
<br />permissible unlk1r applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hen,u1I'Ider,
<br />It IDSp<<tMm. Lender may make or cause to be made reasonable entnes upon and inspections of the Property, provided
<br />that Lender sh"lI give Borrower notice prior to any stich inspeclion specifying reasonable cause therefor related to Lender's
<br />interest in the Property,
<br />9. Condemnation. Tne proceeds of any award or daim fo! damages, direct Gr ",">nsequential. in connect'.on with any
<br />condemnation or other taking of the Property_ or part thereof. or f0! conveyance in lieu of condemnation, are herehy assigned
<br />and shall be pajd to Lender.
<br />In the evenl: of a lotal laking ,~f the Fropeny. the proceeds shaH be applied ,0 the snms secured by this Mortgage,
<br />with the exces!:. if any, paid to Borrower In the event of a partial raking of the Property, unJes.~ Borrower and Lender
<br />otherwise agree in writing. there shall he applied ,(\ the sum, secnred by this Mortgagc sllch proportion of the proceeds
<br />as is equal !o lhat proportion which the amount of the sums secured by this 1\.fortgage immediately prior to the date of
<br />taking bears to the fair market value of the Propertv ;mmediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fail, to respond to Lender within 30 days after the dale sllch notice is
<br />mailed. Lender i;, authorized to collect and applv the proceeds_ at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower othel"\vise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone th,~ due date of the monthly i"stallrnents referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the lime for !'avmenl or modification of amortization of the Sllms secured
<br />by this Mortgage granted by Lt~nder to any successor it] inte;esr of Borrower shall not operate 10 relcase, in any manner.
<br />the liability of rhe original Borrower and Borrower's slIccessorsin interest, Lender shal! not be required to commence
<br />proceedings against such successor or refuse to extend time f<'l' payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in intere:ilt.
<br />11. Forbearance by Lender Not a Waiver. A nv fNoearancc bv lender in exercising any right or remedy hereunder. or
<br />otherwise afforded by applicable law. shaH not he ;; waiver of or preclude the exereise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liem ,lr charges by Lender shall not be a waiver of Lender's
<br />right 10 accelerate thc'maturityof lhe indebtedness secured hy lhi, Mortgage.
<br />12, Remedies Gbmufative. Al!remedies proVIded in lhis Mnrtgage are distinct and cumulative to any other right or
<br />remedy under ,his Mortgage,)r afforded by la,,' nf "quity, and milY he cxerc'~l~d concurrently. independently or successively.
<br />13. Successors alld As."igns BOllnd: Joinl and Senmll Liability; Captions. The covenants and agn~ements herein
<br />contained shail hind. and the rights hcrennder ..hall inure 10, tile respective successors Hnd assigns of Lender and Borrower.
<br />subject to the provision" of paragraph 17 hellwf A.II covtnams and :!gn~emen!s nf Borrower shaH be joint and several.
<br />The captions and headings of the paragraph', of Ini, Mortgage ,m~ for i:()nvenieIKe only and are not to be used to
<br />interpre,t or define the provisions hereof.
<br />14. Notlcle. E.x<~ept for any noti<;e undn applicabk 1;\w [0 be given in another manner. (a) (Iny notice to
<br />Borrower provided for in this Mortgage he given by Ii",ilin[; s;Kh liolice by certdied mail addressed to Borrower at
<br />the Property Addres;, (If at SlKh mher addre", 8t)[wwer mil\ dt'signat'~ bv no\ice In Lender as provided herein. and
<br />(b) any oollce to Lender ~lh1H be giy~n hy ct'flifit'd mai!. r<:I.urn !ec'~Jpt rcqUC5kd, [" j"nder\ address stated herein or to
<br />such other address as Lender may designate by notke tel BM!'<JWer a, provided herein. Any notice provided for in this
<br />Mongage shall hI:; deemed to bave bc"n given 10 Borrow.:!' or ! end.:!' "fltll1 given in the manner designated herein.
<br />15. Uniform Mortgage; Govuning Law. s.e"erabillty. 'fhi, for m of tTlongage c'l.mbines uniform covenants for national
<br />use, and nOl1..unaforrn c~~venants with limited v;'Hia~k()nS hy jUf;...dil~1inn tn (OnstfUih: a llniforrn ~ecurity Instnul1cnt covering
<br />rea.! property, This Mortgage ,hall be hI; nl(~ law of the iurj",liction in which the Property isloeHted. In the
<br />event that any provision or clause of Mongage (>r Ihe Nott' "cnfiicl, "ilb law. s!lch conflict shaH not affect
<br />other provisions of this Mortgage or the Note which ,an 1'1: gi,'en dIcct toe conflicting provision. and to this
<br />end the pnwi,ion~, of the MOl'lg:agc "no the "-'{'>te (He d0clilred l\l he 'it~v"rable.
<br />16. Borrowl~r's Copy, Borrower shan he furn.shed a c(mfc>nned .:opy 01 the Note and of this Mortgage at the lime
<br />of exe...'ution or after recordation hereof.
<br />17. TransWl::r of tbe I'ropedy; Assumption, If all or of rh,: Property or an Inlercsllherein is sold or transferred
<br />by 'Borrower without L,~nder's prior w,iaen ~on"etli. \ill the crealion of licn or encumbrance subordmate to
<br />this Mortgage. (0) the creation of a SCCmil\ for household (c) a transfer by devise.
<br />descent or by opCr<ltioll of law upon lcnarH \'f (dj the gram (!f interest of three v~ars or less
<br />not containing ;;)U1. 'Option to pvrchasc. t,ender nl:'lY. at tender\: opw:m. d~'dart:: aH surns. ::;ccorcd by this }"1o~tgage to be
<br />immediately clUJ:: :llnd payable. Lender :,;haH have waived :>.uch option to accdcratc if. rrior 'h) the sale or lransfer~ Lender
<br /><lod the pers,,:n to whom the Propeny is 1.0 he sold or tn.mkrred reach in writing that the credit of such person
<br />is salisfactory to Lender and that theintere!;t pay.lblc on ,hI: ';un;., by ,his ~v}orlgage shall be at such rate as Lender
<br />shaH request. If has waived the option to a...:~elera;c rrr'r\'jded Hl thlSc pitragr;jph ] 7. and if Borro\.\'cr's successor in
<br />interest ha:; executed a written <<&sumption agn:cmenl. accept<:d wtitmg by Lender. L.,rHlcr shan release Borrower from all
<br />obligations unde,r Ithis M.;mgage and the Note,
<br />If Lender ,;xcrdses w{;h to accc!cww.
<br />paragraph 14 hCfl:4:Jf. Such shaH provide a
<br />which IlOrrower may pay the sums declared dut;',
<br />I...et:lr.:ler may, Wilh[)Ut further notice or rlemand
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<br />B()rr(~v.'er 5~aJ1 pay the a..Tf10unt ~~f aU mcn:g~ insurance premiums in the
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<br />I ,cnJ~r ...h.il! rn;;lil Born.Jwcf notf~c of aJ;;.:i..~elcrati(m 11'1 accon:iancc \vlth
<br />('If nC'; jes~~ than JO d)j~'s frcrn the dute th~ notice. is rrJaHcd withIn
<br />BorrOV'(~f Lllh t'(; pay sw:.:n S\irn:;; pn~H h") the cxpiraniJrt of sw.:_h period.
<br />BOrt'CHt{;y, in\'okt~ {!n}' rcrncdie~ Pi.:'f'Hll{ted hy ranlgraph t R hereof.
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<br />NON.,UNIFORM CovEsAr.:r'rS. Bo.rn.)wcf' 1JnU Lender furtfH~r Cf.,lVe-n,Hl! "lnd ,j~f('e :}~ r'\')lkJWS
<br />18. A.:ceJenltwn: Ri-medies. Except 3S provided in par:~nlph 17 bereof, upon Bmnmer's breach of allY ,'onuanl or
<br />~reeml.'nt of Borrower ill Ibis Mvrl"llge. induding Ihe ('Olt'lllmt, tu pa:!, wh~n due 'Ill) sum~ secured by Ibis Morlgllge,
<br />IA!m:lerpriorJo a,reeler.ion shall mail notice 10 BOfrl:lllH:r .~s plOl itied in paragraph 14 hcn;of spedfying: (1) Ihe breach.
<br />(Z} t~.llction 1:1!11l~md 1'1) nll'e slIe'll breach; (3) a oale, 1101 1<$, than 30 dll)s (mOl the linte Ihe Itolk.. is mailed to Borrower,
<br />II)' ~Wch !lUdl I.r<<ra.eh lliU,'it be nlred; and (41 IlIat failure to ..-un, 'lu:h brea,h "11 or bdo,re Ihe dale spt'diied in Ihe notice
<br />-, :r1I'$lIk !J'lIIClrel!erliltl<Jlfl of thot: SIIm.s secured by this '\1orl,.lll/:e, rotl~d.."ure hy j..elk.... I'mn"cdi'lg and ,alt. or Ihe I'ropert),
<br />1'ie lIotk" sftall, f~U'tbc;r iolor", Bonl1wer or tll<; .ight I" r"insl"le lIft~. an'cl.'rlllioll ,md the r'Kilt I.. 11.."?t1 ill Ihe fored",ure
<br />ptMt~;..g tlte 1'101g...""atem-fi' of 1I delault or any o'he. .Ideo", ..16.....".,,1' 10 ;;,c','deralioll and for..,-lo..u.". If Ih" hl'\'''(,''
<br />iIllWli ('1Ir'll'd .,n Of befurr Ill<; dlllt" s,..dtied in Ihe lI(ftit-",. te..der "I l..,,(f,,,', "1,U"<l "'(j~ ""dare ..II ..r Ih" '11m... "...."....1 In
<br />IJidIMpdpgrt 1(1 br IlBm~",dililtdy due and JiaY..Ilbltt ...itlmul turllln ,kmand :ond Ill",' rOt""'..,,, b.~ judld..l p.ilH',,,lilllt. I,'mh-t
<br />.1WdI W /lll'ltllW I() "i.Pot'lll ill ~lId\ J:I'l'o""'fi'ding "It "'~'h'" ..f ('He,'''",,,,,,'. indudiOjt, hul ".., limili'lI ''', I'H"h ..[ d..nlll'''lIlarj
<br />uWe*,. .tr..~f~1 IIIIId llfk ,,,,,..n.,
<br />It. "'W'lI'ililf"~ Rip! to' RdN:lllfi.L
<br />a...l!!'~!wtr"hiilll ~14"'ilt lh.~ right
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