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Form 808 B
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<br />Leader's written agreemrnt ar applicable law. Borzower shat[ pay the amount of al[ mottgage insurance premiums in t},e
<br />meaner gravided under paragraph 2 hereof.
<br />Any amounts disbursed by E.ender gursuam to this paragraph 7, with interest th~,eon. shall becortre additional
<br />indebtedness of Borrower secured by this 'dortgage. Ln[ess $orrawer and La,~der agree to other terms of payment. such
<br />atnounLS shall he payable open natsce From Lender to Harrower recvesting payrr~m thereof. and shall bear interact from tl-x
<br />date of dlsbv:sement at the rate payabtz from #itue to time an outstanding principal under the Note unless paytneat of
<br />interest ai such rate would he contranr to applicable law. in which event such amounts shall heir interest at the highert cal;
<br />petmissibie under applicable law. Nothing contained in this paragraph 7 shall require i_ender to itrcur any expense or tske
<br />any action hereunder.
<br />B. I~e¢tl~. Lersder may make or cause to be made reasonable entries upon and inspections of the Prapetty, provided
<br />That Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coad¢m>~fia€r. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof, or for cenveyanee in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Propetty, the proceeds shall 'x applied to the sums scatted by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise ogre:' in venting, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior io 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 Horzower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond ro Lender within. 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />iiniess Lender and Borrower other xise agree in wrideg, any such application of proceeds to prircipa[ shall not extend
<br />or postpone the due date of the mnnthiv installments referred to 'sn paragraphs [ and 2 hereof or change the amount of
<br />such installments.
<br />Ili. Borrower Not Released, Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage grantzd by Lender to any successor in interest of Oarrawer shall not operate to release, in any manner,
<br />the. kiahdity of the origins! Borrower and Borrower's successors in interest. [,ender shall not be required to commence
<br />proceedings against such suuessor or refuse to extend time for payment nr otherwise modify amortization of the sums
<br />secuued 6y this Mortgage by mason of any demand made by the original Borrower and Borrowers successors in interest.
<br />f1. Porbearanee by T,endrr Not a Waiver. Any forbearance 6y Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not hr a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall rot he a waiver of Lender's
<br />right to accelerate the maturity of thz indebtedness secured by [his 'lfortgaee.
<br />Remedies Cumulative. Ail remedies provided in this Mortgaee are distinct and cumulative to any other right ar
<br />remedy under this Mortgage or afforded by law or eyuin•. and may he exernsed concurrently. independently or successively.
<br />13. Successors and Assigns Bound; 3oiat and Several t.iabilitp; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of fender and Borrower.
<br />subject to the provisions of pazagraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />Thz captions and headings of the paragraphs of this Mortgage are for -Hove^.iznce on;y a.^,d arc no[ to fr used io
<br />inzcrpret or de5ne the provisions hereof.
<br />14. Cotice, Except for any notice required under applicable law to be given in another manner. (al any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to 9orrower at
<br />ih¢ Property Address cr at such other address as Borrower may cirsittnate by notice to ? sender ss -ravided herein. and
<br />!li) any nmice to Lender shall he given h}• cernfied coati. re?um reecEO? requested. to [..enders address stazed herein or to
<br />xuc.h other address as L-^_nAer may deli°na?e by •t. ._~ .. Borro•~-.r :as e,ravidecl `: .. '^•••aud ,his
<br />c4 p,..,... - _
<br />Mrar#gag:: shat[ ire deemed to have b; en given to Borrower or [,znd¢r when given in ?he manner ~designafcd herrin~
<br />--- :..^.ifa.^tr .~astya>~ lV;nve-:' - - :Tri term .. ,._or[eage sot[;ines ua,.or,,, na,r~3 ...r „a. -,
<br />usr• and non-uniform covenants with .invitee[ v,rria#io~ b y. _ sd:. •~ _, .~. -.._._._ a - - -fc,~t - - • as-*_rument - = -ing
<br />rat property. This Ivfortgage shall tx governed by the i.rwr~nt therParrdicuc*n •:n which the ~Property~ is taco?ed µ[r• the
<br />event [hat any provision or clause of this Mortgage ar the Noic conf[uts ~.~:Bh applicable law, such confiic[ shall not affect
<br />other provisions of this Mortgage or the Note which <an he ,n•en effect without the conflicting prevision, and to this
<br />end the provisions of the Mortgage and the Note are declared to fx severable.
<br />16. Borrowrr's Copy. Borrower shall be tarnished ., amfixn:rd copy of the Vole and of this Mortgage at the time
<br />of execution or after retardation h¢reof.
<br />17. Transfer of the Property; 9ssumptiou. if all or any par[ of the Properly or an interest therein is sold nr transferred
<br />by Borrower without Lender's prior written consent. cxciudirg :~t the <reatior, ~~I a lien or encumbrance subordinate w
<br />this Mortgage, (b) the creation of a purchase mono} security mtzrest for household appliances, (c} a transfer by devise,
<br />descent or by operation of law upon the death at a ;amt [erant nr rda the vraut of any !ea~hold interest of three sears or less
<br />not containing an option to purchase, [.ender may. at Lend^_r~c opttun. declare eft the sums secured by this Mortgage to be
<br />rnaie ataSy dna a,-,d aayah[c. Lc :r;~r =h act ha.•e wateed wch option :o accelerate ~f. prior ;e the sale or transfer. Lender
<br />and the person to wham th¢ Property is to be sold or transfrrred reach agreement .n .w ~Ung that the credit of such oerswr
<br />is satisfactory to Lender and that the interest ; apablr tin the .ums secured 1,y t[=is ~iertgage shall be at such rate ae Lender
<br />shall request. !f Lender has waived t're option to acceic:r; tr prev:dzd sn ,biz pa[agra,^.h [7. and iE Borrower's successor in
<br />inleresi has executed a written assump[ior< agreement accepted in ~..tiung ?•v i.ender, `.cr,.ier ;hall release Borrower from all
<br />ob[igatious under this Mortgage and the Note.
<br />If Lender exercises Bach option to acce{erate, Lender ;hall mail Borrower notice of acerleratian in accordance with
<br />paragraph k4 hereof. Such notice shall provide a pereod of not less than ;ti ciao, tram rho date .hc notice is mailed within
<br />which Burrower may aav ?he <.ums d^-!!ar^,d da;v is nnrrewrr f. ~. -_= s - -. ._ - - ,. --prod.
<br />Lzndcr may, without further notice or demand on Na-rower, ,ns 4e _r, t: dc. ,_.. r~ti.~ :rraeraph ~~R tie._of.
<br />Ntt=e-UNIFURM C{r4£:JA\TS. Borrower and 1_reder furtltet iovenani :±ad .rgrrr .,. ±allows:
<br />Iff, eICC=!@rati0u; Rernte~¢-v. '~a'.Ept as peuvtd¢d an paragraph t? h¢rent. up`vn flarrswerc farzach of auy covettant or
<br />ugreens¢a€-of Borrower in tkEs ;t4ortgagz, including the cuvrrraols to pay when dun snr sours szcurrd try this t9artgage,
<br />I.enfkr prior to accefertdiao s{tali mail notice to BOC(awer as provided in parap}rapk IA lu:raof sprcify[trg: (1) the krewh;
<br />4~) tffe actirs se$uired to cure suck br¢aek; E3} a dote, trill less ikon 3N days {roar the date the troller is msrE¢d to Barmvver.
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<br />°z R; R ~,'°. a~~.~. eerv~aad i+i ir`arE faernre '- sale saEh iR¢aCn; on ar bEfarr ro¢ date sptciti@d in tke rwtice
<br />may reslrti [n acceivxatiau uE the suers secured by this ?MYarfga$e, Eoreclosurz by jwiicial procredbrK and sale uE the i"mprriy.
<br />'Etta uodice shall Inrtlrrr inform Borrower of the rfgkf to rein;taie after aceztzratasn and rice right to assert is ztee forrcfosure
<br />pwx:eediag the turmexisteruz of a de£auir or soy other Aefertsr of Boarawer to accrirratioH and fareclasurr. ff ehe txeacfr
<br />3s net cancel rzrr +rr bgfnrz tit¢ daft sfreclfled do tb¢ Holier, isruder s4 Larder's optioH coot declare all nE tke sums vrcur.d by
<br />tkis !tltxt>#~rc fa M irnmet9ial¢!y dun and payable without Eutllter desasud anrf Dray farrcir»e ir} judicial pnwredirrR. E.euder
<br />sfestE9-be eatftled to cotkct in soclr prarsediag aYt exp¢HSrs of Eprectr tiH~rr. ina9ndirrg. brn Hot trrtrired to, cosh of documrarar}
<br />evfd¢nee, nbsrractx orxi tint reports,
<br />IR °»uFrss+sei'~1 'rifkt is f6r<inxtate. ~atw tth3fa-'111ni}' 1%nc::>r~c ~.Cicrat ti?n .`1 ~F;t. ~ .., a ~.w%d •• ~. ., 'is't tvatc.
<br />Bt+r;o?s~r .h,~l fr`ev- ~ r+_at€ ,c blue a ~ d,nW h _ .. ±~., .., t r._ ,,, S~ ..,, ..,.,, ,. .,,.-.
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