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<br />Form 808 B
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<br />Lender's written ag.~eement or applicable taw. Borrower shall pay the amount of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant tv this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payabk upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement of the rate payabk from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall beat interest at the highest rate
<br />permisaibk under applicable law. Nothing cattained in this paragraph 7 shah require Lender to incur any expense or take
<br />any aceion harettrrd~.
<br />8. int~tioe. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. 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 conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shatl be applied to the sums secured by this Mortgage,
<br />with ebe excess, if any. paid to Borrower- in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, 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 vahte of the Property immediatety prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Burrower, ar iE after notice by Lender ro Borrower that the condemnor offers to make
<br />an award or settle a claim fm damages. Borrvwer fails to respond to 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 />Unless Lender and Borrower otherwise agree in writin¢. stn' such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred tv in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower ;lot Released. Extension of the time for payment yr modification of amortization of the sums secured
<br />by this Mortgage granted i+y Lender to any successor in interest of Burrower shall nut operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's succesmrs in interest. [.ender shall not be required iv commence
<br />proceedings against such successor or refuse to extend time for 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 interest.
<br />11. Forbearance try Lender Not a Waives Any forbearance by Lender in exercising env right or remedy hereunder, or
<br />oilt:rwise atlvrded by applicable law, shalt not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of Poxes or other liens or charges by i.ender shall not be a waiver of I-ender s
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12, Rewedtn Centelative. .All remedies provided in this Sortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage ar afforded by law or equity. and may he exercised concurrently. independently or successively.
<br />13. Stsrcessws sad Asaigas Booted: Joint aed Several LisbiBty; Captbos. The covenants and agreements herein
<br />.contained shalt bind, and the rights hereunder shall inure to, the respective successes and assigns of Lender and Borrower.
<br />soh;ect to the provisions of parag,-apf+ 17 hereof .All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />SM1. Nettle. CxCGpt rot any notice required under applicable taw ut be given in another manner. (a) any notice to
<br />Borrvwer provided for in this Mortgage shat! he given by mailing such t:v!ice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by ratice to Lender as provided herein, and
<br />tb) any notice to Lender shalt he given by cerufied mad, return receipt requested. tv I ender'c address stated herein or to
<br />such other address as Lender ma} deE.i¢nate by notice to Borrower as provided herein. Am' nvtiee provided for in this
<br />Mortgage shall be deemed to have been given to Burrower yr i..ender when given in fire manner designated herein.
<br />15. Ueitorm Morlp6r, Gorernia6 Law: Severahiikv. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by lurisd+ction to constitute a uniform security instrument covering
<br />real property. This Mortgage shat! tx governed by the !aw of the jurisdiction in which the Property is located. in the
<br />event [hat any provision or clause of this !Mortgage or the Mete conflicts with applicable law, such conflict shall not affeM
<br />other provisions of this Mortgage cr the Nete which can be gwen effect without the conflicting provision, and to this
<br />and the prvvisiorts of the Mortgage and the tiote are declared to he severable.
<br />Ili. Borrower's Copy. Borrower shall he furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />I`P. 'I`raeeter of the PropeAy; A~nmptioa. if alt or any part of the Property or an inurest therein is sold or transferred
<br />by Borrower wit't!out Lender's privy written consent. excluding tai the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money seatrity interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or tilt the grant of any Ieaxhold interest of three years or Tess
<br />not comaining an option to purchase, tender may, at lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shat) have waived such option [e accelerate it. prior to the sale or transfer, Lender
<br />and the person to wham the Property is tv be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable en the sums secured by this bfottgage shall be at such rate as Lender
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in wilting by Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Letter exercises such option 2v accelerate. !_ender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shat! provide a period of not less than 30 days from the date tfie notice is mailed within
<br />which Borrower may pay the sums dnlared due- If Botsower faits to pay such sums prior to the expiration of such period,
<br />Linda mar, without further tustice yr demand vn Burrower, mva'r:e an} remedies permitted by paragraph Ig hereof.
<br />Not:-Litr'IFOaa,E Covexnr'is. Borrower and Lender further covenant and agree as follows:
<br />ilk Aetdaraf6oa; Rettaedies. Fscspt as provided ie paragraph 17 hereof, apoo Boreovrsr's breach of any covenaat or
<br />a~staarat of arrrroser ie El's Si+brigaBc, ialietdiag the eosseaois to pay whoa doe aey saw secaesd bq 2L-k Me.~s,
<br />I.a~ier p[!oi ~ ecleferatiaa sYa9 taail notice ro Borrower as provided is paragraph 10 hereof specifying: 1!) Ibe breach;
<br />II) the attires to care srxb 6rexh; f3i a dais, oat Irra rhos 30 days from tbs date the notice k teailsd to Baerawer,
<br />by wbieb sorb breach ®taq be cared; read (~) Heat teBare to core sorb breath oa ar before tbs date speliRed io the teolice
<br />earl esaalt bt accakaattara et the soon aecared br this Mortgage. fotecbsare by jodicid proccediaR aed silo of the Property.
<br />??~ ; t~ Pxlber }~orro B~rowsr of tl1• r~Tbt to reLnuate ~Eer aes€kraE~a sad the r~bt to ousel 3a tbs fomioaan
<br />peocat~btt the aee•ettiHSacs ~ a detretdt or oar other rkteex of borrower to srcekratioe and tombsnre. It the breath
<br />bt trot eeaad oa sa 6etore the data spucdSed is Ibe notke, l.eatier at Leader's optioe star declare ab of the scan secnred by
<br />tlis to be isir tins nod laryabie witboet frtrtber tkataed and may forecJtrse by jadilial proceednag. Leader
<br />slaeb bet satlNed ~ eobell la salb pratssdhrg ~ expanes o[ tombsure, ieclodlag, hot oat linked te, cods of dacomeetary
<br />evidsala, abatraicffi aed tiEk rsposd.
<br />19, Bormt+sr"it Right ~ RelrstaES. Nvtwkhstandi;tg ixader's areierat.+zn .+f the arms secured by this Mortgage,
<br />Fharowar shal3 have rho right to have any prviceedin{ts begun by l ender to enforce thu Mortgage discvnanued atrny time
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