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Form 808 B
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<br />lender"s wratrn aerceaxnt or applicable taw. Borrower shall pay the atrawm of zA mortgage insurance premiums in the
<br />mincer provided under paagraph 2 Fxreal.
<br />Any amounts disbursed try Lender puneram to this pars;raph 7, with interest thereon, shop become additional
<br />ittdetttsdtms of Borrower seCnfrd by this Mortgage. Unless Borrower and Lends agtm to other scenes of payttxnt, such
<br />amounts shall tx payabk upon aaice from Lender to Borrower requesting payment tfiercof. and shaE! Fxar imereR frrnrs the
<br />date of disbursemrytt at the rate payabk from time m time ors tattatattdmg principal under the Nott unless payment of
<br />interest at sucfi :ate would be contrary to appliabk law. in which event strch amounb shalt beat imefeat at the highest rate
<br />perntisaibie under appiicabie law. NMhing wrttaitred in this paragraph 7 shag require t.errder to incur any ezpetne ~ take
<br />any action hereunrkr.
<br />g. /nspectien, fender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shat( give Borrower notice prier to any such inspection specifying reasonable coax therefor rctsied to Lender's
<br />interest in the Property.
<br />9. Cowdetnsstiwr. The proceeds of any award or claim for damages, direct or consequential, in eonrteet[On with-any
<br />condemnation ar ether taking of the Property. or pan thereof. or for conveyance in lieu of condemnation. are hereMy assigned
<br />and shad be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shat! be applied m rite ;eetns secured by this Mortgage,
<br />wish the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otlurwix agree in writing, there shall be applied to the sums soured by this Mortgage such proportion of the proceeds
<br />as a equal to that proportion which the amount of the sums seared fiy this Mortgage immediately prior to the date of
<br />taking tzars to she fair market value of the Property immKdiaxiy prior to the dale of taking, with the lsalance of six proceeds
<br />paid to lorrower.
<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 xttle a claim for damages, Barrrnver fails to respond to [xnda within 30 days after the date such notice is
<br />mailed. Lender is authoriud to collect and apply the proceeds. at Lctfder's oprirm, eaher to restoration or repair of the
<br />Prapetty or to the stems Secured by this Mortgage.
<br />Unto-s Lzrder and Harrower athsrwise agree in writing, any such appiicatian of proceeds to principal shall not utettd
<br />nr postpone the drx elate of the monthly installments referred to in paragraphs I and ?hereof or change the amount of
<br />such installments.
<br />18. Borrower Not Rekeased. f:xtensian of the tame for payment nr modification of amortization of the rums secured
<br />by this Mortgage granted by Lender m env successor :n inarrest of Borrower chap eat operate to rekau. in any mantxr.
<br />the liability' of the original Barcawcr and Borrower's successors m interest. fender shall ear I,e required to commettet
<br />proceedings ago mss such successor or refuse to extend time for payment or otherwise modify amortization of the surrq
<br />secured by this Mortgage by reason of any demand made say the oroginal Born+wer .and &?newer"s succcswn in interest.
<br />11. Furirrvanre h'.f t.etsder NW a Waher. .Any tcnrbtarancc by l.endrr in rrcercising tray sight or remedy hereunder, or
<br />otherwise atRorded by app3icabic law, shall no¢ he a waiver n( nr prcciude the exercix oaf env such right or remedy.
<br />The procurement ai insurance or the payment of taaas .*r other hens ar charges Fv Lender .halt not t?e a waiter of Len+hr's
<br />.-~gbt rr accelerate the manuit}• of the indebtedness senired by stile \longage-
<br />12. Retwedfa CrrmrrfaNre. All remedies provided :n ±his Mortgage are distinct and cumulative to any other right or
<br />rcmedv under rhrs Mortgage or afforded by law or rymty. end may f?e e•.rrased concurrertiv. mdepeedenAy or xatccesaively.
<br />13. Successors asd Assign sound; )Dint and SeserH I.iab9ify: Caption. The covenants and agreements herein
<br />a>n[airxd shall bind, and the rights hereunder shall laws to. the respective suceeswn and assign of I endtr and Borrower,
<br />subject to the provisions of paragraph !7 hereof. .41i covenants and agreemenro of Borrower shall he joint and xverel.
<br />The captions and hradingc of the paragraph of this Mortgage are for convemente Holy and are not to he used to
<br />interpret er define the provisions Ixreaf.
<br />td. Notice. E.xcxpt for any naEice reyuirrd under applicabic law to he given m another manner. tat env notice to
<br />Borrower provided tor' in this Mongagr shall he grven by mailing such notice by ccnifiM marladdressed to Borrewcr of
<br />nc~ Property Address nr at such aflsrr addrevs as Br?rn+wrr may designate by mice to la^nder as pre:vieled herein, and
<br />!hi any no[ir:e tt+ Lender shall be grven by certified marl. retort rrcrept requested, to l ender"s address stated Itercic .x to
<br />such ,surer ads4res. as I _~etder may designate E+y nork'c n~ Borr.swcr as pnrvrded herer. ~lny ..^.otrcc pmvtded fur rn stile
<br />Merrgagc shalt ~hr deemed to have been- Fern to Borrower nr fender when grven v? the mzr,nrt rlrsignarsd ieerai:;
<br />I5, Urssorta Mnstgage; Governing I.,aw; Sevrratt8ity. 1"iris farm +?f margagr comk?ines rmitarm c¢,venams for national
<br />us:: ar,d r.,..r. unifsrrm c'---an . vitro iintited varrasians by jvrr+,iivtinn t :.~<?natitute a c:rtiferrn ~7.: ttt:ty ~ti.^.aCr::::t^:^t scree^ng
<br />era] pa~operrv. -Phis Mortgagee shat! Fir governed h the taw r+f the iufiidrf4!Gn :n which t}re P'moens :, tskaisd In the
<br />event that any prewsio.^. ar clause of this Lfortgagr or ;he Vote conP,ich ~e-ith appGcabk law. ;n conpict shall not 3pea
<br />other nrov:sionc of rhrs Mortgage or the Note whrch can be grven effect withmn the conflicting provision. acrd to this
<br />end stn: provisions of the Mortgage and ttte Vote are declared ;u t?r ,everablc.
<br />16. 13onower's Copy. Borrower shall br furnished a cnntormed copy of the Note and of rhrs Mongagr at the trine
<br />of execution or after recordation hereof.
<br />17. Tragt[er of the Property; Assuraption. If iii or any part of the Property or an mtcrcct rherem is sold or transferred
<br />by Harrower without Lender's prior wri[trr. consent. excluding 'ai the crcatiotr of a !ten nr encumbrance subordinate to
<br />this Mortgage. fbl (he creation o(a purchase nxmry security :ate rest :'or household apphanms, ice a transfer iw devise.
<br />descent or by operation of law upon the deati+ of atoms tenant or !,h stir gran[ of any Irasehotd mteres[ of thrre~ veers or less
<br />rat carlaining an option to pun:hase. Lender may, at Lender's opnon. declare ail the cams u:cored by chic Mortgage to be
<br />imtntdialety dtre and payable. Lender shaSi have watvrd such option to accelerate ii, prior to dte sale ar transfer. Lender
<br />and the person to whom fhe Prupeny is to he wtd or transferred reeeh agrrcment :n writing that the :redo of such person
<br />is .a[istaetory to under and that the interest payable nn the sum, secured by this Mortgage chill he at such late as I_cnder
<br />shirt request. If Lrndcr has waived the opuan to acs:elerxte procidrd m rhrs paragraph 17, and .1 Borrowers sueceswr in
<br />intsrest has e;xecutsd a warren ussumptmn agreement accepted in writing by Lender. 1 ender :hall release porrower from all
<br />obligations uudcr this Mengage and the Nate.
<br />2t Lertdkr avetcisrs such option io aeeekrate, 1_ender ;hail mail Borrower nonce of ac~ckrauar. in a..cardance uah
<br />paragraph is hereof. Such nurses shall provide a pseud of not less than lp days from the date the notice is mailed withrn
<br />which Born+wsr may pay the sums declared due. ff Borrower falls ro pxv such sums prior to the rxpirawm of such period.
<br />Ixnder may, wrthwt further notssr nt demand err Eorrower, invoke any comedies permitted by paragraph 1 g hereof.
<br />Noti-I~htIrOR1f (: avrr..s:.•rs. Borrs+wcr and Izrtder tunhet vovettant and agree as luiiows.
<br />1& Aretlarails,a; Rw,adfrri. €a`.sepf as provided io paragraph 57 hereof, upon Borrower's breach of ant rovenam or
<br />agtasmeat at sorrowar is stile 'HnAgage, including the rosenacts fn pay when doe any woo secstrrd by stile Mortgage,
<br />f.Radsr psku to aesckralion stsdf raWB notice to serrowar acs provided io para~rap6 li htrrd specifying: !i) the 6rzash;
<br />(21 the acting rayuited is cne sw:h tareac4 !3l a date. not Fes than W rksyv from tbt dots ihs ootae Ls mailed ro borrower,
<br />bt srhkh wrh breach mast Ise cared; attd id) riot tithes to awe wrh breach o0 or hefore the dale speri&td is fhe storks
<br />oat} rrsn{I is acttkeratina of the sores sscured h3 fhh Marge, foreclosnrt by }udir'W prurseding and sale of the Prupsrty.
<br />Ths ntNirr shop father {nfurre ~rmwsr elf rAe riatat r.. re;~rw. errs ~~.r..sr;..e ,e.s .r,a ._ _ _ _ _ _ _
<br />prceecdiag the nsrnaaWtefce ref a dsfau{t ar say ether defense of soarnwer to acceleration and forcckssfrre.~ ff th¢ breach
<br />k eel cored oe ur hefure the date sprri6ad !e the entices l.eodxr at lender's nptifm may declare atl n[ the strr®s secured by
<br />rich titontggr to ht iranrrdlate{y dfu ad payalfte without [wthes demand and rosy fnrsvieve b> jtdkiat pnaceedioe. l.saler
<br />shrrB frt entitled to sutlers in sor0 procrtedYtg aft expertees of iwr<hrsarx, inciurii>ti, but not limftrd re, csssis of documentary
<br />av-Nsyv€s. ahtdrasts sad fkk rsporfa.
<br />19. iastowerrs Right sa ReLpsste. 's;otwnhstatsdmg t realer s av..:r:etat,.~n - ~. n. - ,; by it.is Lf.+rtgagc_
<br />Ilarrsrw-cr shirt 1?a-+s ,tu::ishr ^., hzvc ant pr,xrtdtriax r?rgun hr tender to a.e.,~ -__ +t,.., +,t„~:ga$_s ,.. ~, _....io.red ~. ....~
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