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<br />002746
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<br />Lender's written agreement or applicable law Borrower shall pay the amount of all mOltgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shan become additional
<br />indeb!edness of Borrower secured by this Mortgage_ Unless Borrower and Lender agree to other terms of payment, such
<br />amounts s.haH be payable upon notice from Lender to Borrower reque~tit1g payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on olltstanding principal under the Note unless payment 'of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shan bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. lender may make or calise to he made reasonable entries npon and inspections of the Property. pr9V.ided
<br />that Lender shan give Borrower notice prior to any 'iuch inspection ~pecifyjng reasonable cause theref-or related to Lender's
<br />intere~t in the Property,
<br />9. Condemnation. The proceed<:: of any award or claim for damages. direct or con-sequential. in connection with:'any
<br />condemnation or other h\kiog: of the Property, nr part thereDf, I."r for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid t(\ Lender.
<br />In the event of a total taking pf the Property. the proceeds ~hall be applied to the sums secured by this Mortta:g~~
<br />"'Ith the excess, if any_ paid to Borr{l\-\;.er I" Ihe event (\f a rartial taking of the Property, tmless Borrov.er and Len~er
<br />otherwise agree in writing, there shall he applied rn the "-urns ~ecnred hy this Mortgage such proportion 'of ,the - proceeds-
<br />as is equal w that prop{lfiion ~,,'hich the .1rih~i.int ;:1f the ~Uf:1". --;ecufed }Jy ~ht, MDrtg:age immediately -prior to -the 4ate:oof.
<br />taking hears to the fair market value (If the Property immediately Piior to the date (If taking, with the oalance of the proceeds
<br />paid to Borrower,
<br />If the Property is abandollt'd hy Borrower. or ff. aftN n(ltice hy Lender to BOffilwer that the condemnor offers to niake
<br />dn award or settle a claim ((lr damagc~. Borrnw('r fail:-. te\ re"p0nd tn Lender within 30 days after the dale. such- ,notice~-js
<br />mailed, T ~nder is authorized 10 collect and apply the pr<5l'eed!;. at Lender'" option. either to restoration or repair; of-,the
<br />PropeI1\ or to the sums secured tw thi", Mortgage
<br />VoleS:" Lender and Borrower otherwi"e agree in \'Vrltlllg, anv such application of proceeds to principal sha~rnoLextend
<br />or postpone the due date of the monthlv in"tnllments referred to in p:uugrapbs 1 and 2 hereof or change the- -amount 'Qf
<br />""uch installments,
<br />10. Borrower Not Released. Extension nf the time for payment ()f modificallon of amortization of the sums--,s;ecured-
<br />by this Mortgage granted b\' Lender h' any '>ucce..sor !n intere~[ of Borrower shall not operate to release~ in any,m.anner.;
<br />rhe iiabiliry of the original Borrower and B(\rrower\ Sllc~essnr'" in interest. l.ender shan not be required to- commenCe:',,:
<br />proceedings against "ouch succes.sor ~)r refuse to C'\:(cod tJn1C for paymcnt 0r othcnvise modify amortization - of 'the -sums
<br />..ecured hy this !v10rtgage hy rcason of .In}' demand m~\dt: by the prigioi.ll Borrower and Borrower's SlTccessors in' ihterest1
<br />n. Forbearance by Lender Not a \Vah'u, \n\' fnrhearancc fW Lender in exercising any right or remedy hereunder,' or
<br />nrherwise J.lfordcd hy applil:ab!e law. ~h::lll !H't h~ ;t \'-"<lIVCf nl ,\r preclude the t'xercise of any such right or -remedy:
<br />The procurement of insurance or the rayment PI' I::n",,, N (lthcr Iien~ (lr l hargc':\ by Lender shall not be a waiver of Lender's
<br />right to acce!er.-ue rhe m.lfUritv of thl' Indebledne"\ '.Ct'l1ft.,d hv !hi" Mortgage.
<br />12. Remedies Cumulative. ..\!l remcdtt,.. r1ft'\ IJed ;'\ tht" \h1rtg;1gc art distin..-:t and cumuiative to any other right or
<br />remeJv under thi.. Morlg3gl.' or aff('rded r.\' \~-.\,l; ,>[ t:qUlt\ "Int! mil\' he e\\.:, r;;sed concurrently, independently or successively.
<br />13, Suc('essors and AssiKDS Bound: Joinl and Senrnl Liability: ,aptious. The l'ovenants and agreements herein
<br />..:vntamcd shaH bind. and the rights hert:.,ol.kr '~hall tnWC Ill. the n~"pe~tlvt' 'ill';;l,:-essor~ and assigns of Lender and_ B_orrower.
<br />subiect to the provisions of paTa~raph ! -:' hereof ,\11 covenants and agreements of Borrower shall be joint and-'several:
<br />'The captions and headltlgs of the paragraph~ pf ;hi~ Mortgagl.:' arc h'\f i.'unvenience only and are not to be u~'ed-~'to_
<br />inferpret Of define the provi-sion~ hereof.
<br />14. Notice. Excep[ for any nOli.:e ret.juircJ unJl'f ;Ipplk.ilbk Jau." tn be given in another manner._ (a) any noticc---(9
<br />Borrower provided for in this Mortgage 'i-ha!i he given b) nl~\ilin.g 'itll:h notice by ~ertified mail addressed to Borrower_ at
<br />the Pro~lCrty _'\ddre~s ~'I '-1:1 ~uch 1..Hhcf ;,h.idrc,........ as Eh'rr,n\l'r rnay deSIgnate by notice to Lender as provided. herein;-- and
<br /><b) any notice h.l Lender 5h~1i1 r-.e given [1\ ..:t'flined lnJi!. ft,'i:nrn n:-c-elpr r~ques:ted, 1(; Lender's address srated herein- or -to
<br />such other address ..is Lender ma) de~ignatc hy !wti..;C' h' BNnl~\'er as r'nwided herein_ Any notice provided - for in this
<br />Mon.gagc shall ix deemed 10 fW.\-C b~e-11 g.vcn 1Il BOl'W\\Cf or Lcndt,~r ....Alcn given in the manner designated, herein.
<br />IS. Uniform Mor.gage; Cm;erning I.~n~; Severd:bilitJ. Trn'. l\-..rm ~)f mortgage combines uniform covenants tor national
<br />use and o(lO-unifonn ((W-Cnanl';o. ..".-ith limit.::.d '. ,ni..ti""ih h~ !Un'idl-":l~,)n tn constilllte a uniform security instTumenl coverl",g
<br />real propen\! This. Mortgage ~halL lx. g~1"'l'nl\::rJ h) the hi\.\ \d rhe )llrl:o.Jictinn In which the Property is located. In ,the
<br />event tha[ any proviSl.i..m or dau:it: uf thh Mortgage Iii ;hc S,nc ';i\nnicts .....ith Jpplicab!c law. su-ch conflict shan not affet;:t
<br />other pro\'l.sion$ of this ~.{ortgag(; or the :-'={)k' ...\ha-'h Cdn bt; Jp\'cn dIe..:: I v.irhoul the conlti-cting provision. and to this
<br />cnd the provisions \.'f the Mortgage and tht: '"te arc d~clarcd to be s~vcraOle,
<br />16. Borrmnr's Copy. Borr\.)wcr ...hall hI.' furnished ~l o:\\nh\mh:J Cl)PY ,-,f The Note and of this Mortgage,aLthe.._tiIne
<br />of execution or after rC1.:ordation herc..)f.
<br />17. Transfer of the Pro~rtJ. Assumption. If all ('I ~l.O) ~lJrt l'1f the Property or an interest therein is sold or transferred
<br />by BOfhlwer withuUl Lender's prll..)r \\rinl'fl '-.."lnscnL l,'xduding (.ll lhe creation of a lien nr encumbrance subordinate to
<br />this Mortgage, (bl the I..'rcation of .l. rUf\.-ha~l..' nhlnl.:~ -..t.:'C:l.lril> m!l.:iCSI t(\T' houschtJ!d appliances. (c) a transfer by devise.
<br />descent IX by l\pcraEiOn of la,... l!iXm the JC<tth ,~f ~, ],qnl ('l'n,Hll IlT' \di the growt of <lny lea.sl~hotd interest t)f three years or less
<br />not containing an "'ption to pun.:hasc. Lender rna;. .II I tnJer\ \'pt;lm. declare ull the sums secured by this Mortgage to be
<br />Immediately due ~Hld payable. 1 endcr .\hal; ha\'c \~,lJ\cd ~u,,~h "plion Ie) <ic;.:dcratc it prior to [he sale or transfer. Lender
<br />and the person w whom the Property;" hJ he ,>old N tr;;n.,.h;rfi.~d rc<i-:h agret::mem in writing that the credit of such person
<br />is satisfactory !O Lender and ihat the imcn::-.l pa~,d:'lie lID the ,;unh 'A'cured f.)- lhi... Mortgage shall be at such rate as Lender
<br />shall request if Lender hID. waived the optIOn !(l J,:;,;:der,Hl' pwvided In this p~lragraph 17, and if Borrower's succesSQr in
<br />m[crest ha:, executed a \\'rittcn assumption agrc~meni ac;.:cpted 1!1 ....'riong by I eoder. Lender shall release Borrower from all
<br />,)bligations under this Mortgage and th~ Note,
<br />1f Leader exercises sw.:h option to J.l\:e!er<-itt', Lt'aJ('r '~h<tll mall Borrower nO[lCc ()f acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall pro;,;ide a pCTHlJ llf Ihi; less than ~O di:iY'> from the date th~ nutiCt~ is mailed withm
<br />.....hid' Borrower may pay the "li.:ms decl.ncd due. If B(lrTO\-H'f fads 1(\ pay such <.;;lms prinr to the c""piration of such period.
<br />Lender may, without further noticl: (lr ,kmand on Bor~o"H:r. lIlVlAe .un- remedies permrtted by paragraph I S hereof.
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<br />NON.UNIFORM COVEN....NTS. Borrower ami Lender further covenant and agree a~ 1,)JlOWS:
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<br />18. Accele.ratioo; Re~dits. Except as p.ro\'idea in paragraph_ 17 hereQt'. upon BQrrov.ers breach of any eo'Vtmallt or
<br />a&,ret'IDt'nt of Borrower in this Mortgage~ indudiRi the uJ-\'Cnan(s to paj when due anj; sums !recured by this Mortgage.
<br />u.utkr prior to acceleration shall mail notice to B(lrro\\'~r as pro\Cided in paragraph 14 hereof specifying: (1) the breachj
<br />(2) the action required to cure such bre-ach; (3) a date, nol h..s.s than 30 da.r~ frum .he date the lIolice is mailed to Borro\\'cr.
<br />by ",bleh such breath must be l.'un-d; aDd (4) thaI failure to. cure sUl'b brea{'h on or before the date spedfied in the notice
<br />may result in M("c;elention of tbe sums St"cured bJ thl~ \fortgagi'~ fOH-closurl' b) judidal proceeding and sale- of the Pruperty.
<br />n.e ootke shaH fllrt:htr lnfofm Borrower of fht' right t(l rdnstate after a:,,'{'-elcr-ation and the right to l1.i.'llen in tbe foreclosure
<br />prO<<ed18& Ia.e. lIOO-txisteacc of a default or an)' other defenn of Borrower h) acceleration and fOJ'fdosure. If the breach
<br />it _ cunei on or before the date -!i~('i6ed in Ihi' "otice~ Lender at Lender's option ma~{ d<<lar-e aU of the sum'!.: s~cured h)'
<br />tbll M_ertIIIIt to be lm~iately dur >>nd payable without furihcr denuu"d and. ma;t fOfC'd-use b}' judidal pmteflliult. l,eoder
<br />...... bt e..tided 10 1:'011<<* lit s-uch pr6C€'ed1oc aU eX~DSes of r-on-{.h~sure, indudiu&, bu. nnt tlmk('d to. {'osh of dc)('uml'-nt-ar,
<br />.~, aIlolrllCllI .... Iitk ..pot'll.
<br />19. ~~. ....1 tv- 'R.d:a.it.te~ NOlwJthitan-dm.g Le.nder'" ac,,:ch:ratHm pi' lhe ,>ums '<;t"<:ured by !hl~ Mt'!rfgagt'.
<br />Borruwer man have IN ripl to have any proceedinl~ hegun b}' Lender to e~1fof-c-e this Mvrtgagt' ,!is.::ominuN at any tunc
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