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<br />Form 808 B
<br />Lenikr's written agreement or applicable law. Borrower shalt pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 ]tereof.
<br />Aay amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shell become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower-and Lender agree to ether terms of payment; such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, anc shall liar interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless paymenb of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shag hear interest at the highest rate
<br />permissibk under applicabk taw. Nothing contained in this paragraph 7 shall require-Lender to incur any experoe or take
<br />any action hereunder.
<br />S. lwspecttoe, Lender may make ar 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 />4 CoedemnNlon. The proceeds of any award or claim for damages, direct or consequential, in connecti~tt with any
<br />candt:rttnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, art hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a fatal taking of the 1'roperry. the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the excess, if any. paid to Borrower to 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 duke at
<br />takingears to the fair market vahte of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Bottowcr, or if, after notice by Lender to Borrower that the condemnor o8era to make
<br />an award or se[He a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mail, 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 Bottower otherwise agree in writing, am• such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in para¢raphs I and 2 hereof or change the amount of
<br />such insiailmrnts.
<br />19. Borrower Not Rehased. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender [o any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liability of the original Bottawer and Bottowei s successors in interest. Lender shall no[ be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured 6y this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />Il. Forbeararce 69 Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw. shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procuretttrnt of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Reasediea Crmrahdve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy tinder this Mortgage or afforded by law or eyvity, and may tie exercised concurrently, independently or successively.
<br />13. Successors asd Aarigas Bound; Joial earl Several I,iabiWy: Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrrawer,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be. joint and several.
<br />The captiom and headings of the paragraphs of this Mortgage are for convenience only and are oat to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except far any notice req~irrd under applicable law to be given in another manner, (a} any notice to
<br />Borrower provided far in this Mortgage shall be given by mailing such no?ice by certified mail addressed [a Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notce to Lender shall t>e given by certified mail. return receipt requested, to Lenders address stated herein or to
<br />such other address as Lerrdtr may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower ar (.ender when given in the manner designated herein.
<br />15. UoBorm Mortgage; 6overaieg Law: Sevcrabitlty. ~fhis form of mortgage combines uniform covenants for national
<br />use and non-uniform rnvenants with limited variations by jurisdiction to constitute a uniform security instrument coveting
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage ar the Nate conflicts with applicable law, such conflict shaft not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Nate are dtclarcd to he severable.
<br />16. 1orrower's Copy. Borrower shall bt furnished a conformed copy aF the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Tratsder of the Properly; Assumption. If all ar any part of the Property or an interest ttterei~ is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the treation of a purchase money security interest for household appliances, (e) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option. declare all the stems secured by [his Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to [he sale or transfer, Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be a[ 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 writing by Lender, Lender shat) release Borrower from all
<br />obligations under this MortgagE and the Note.
<br />If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is marled within
<br />which Borrower rosy pay the sums declared due. if Borrower fails to pay such sums prior to the expiratiarcof such period,
<br />Lender may. without further notice or demand an Borrower, invoke any remedies permiUed by paragraph 18 hereof.
<br />Nox-UNIFORM CovetvevTS. Borrower and Lender further covenant and agree as follows:
<br />18. Aeceiart~oa: Rettaedies. Fsccpt as provided in paragraph 17 hereof, upon Borrower's breach of any coveoant or
<br />agrasmeat of Borrower ~ this Mortgage, inctudiug fix covenants to pay when doe any saws secured br this Mortgagq
<br />t.epder prize to accekratioo sbaU malt notce to Borrower as provided is partrgrapd 14 here spceifying: tl) tbe 6reacb:
<br />(2)-tie actloo «VulrsB to cure such breach; {3) a date, trot Fees (ban 3g days from the dNe the notice is mailed to Borrower,
<br />iy vCik6 snob lrreacb nruN be cured; and (4; that failure to cure such breach as or before rbe date specified in the notke
<br />aprp rasratl in at+esErradott of the some secured by this Mortgage, foreclosure b3 }udkial tuocstd'an; and sale of the Property.
<br />oa4lce t~ fttrtMttr ielorm Borrower al ttu right to ceFattate alter acceleration and the right eo assert in the foreclosure
<br />Bttteetiiet)K Ae aotrsaistsact of a del:#ult or say other defense of )lorrower to acceFaratWn and forecFusare. it the breat:6
<br />V soR carrell oa or brtlars tie date specified is [Ise aotke, Lender at Lender`s optktn may declare all of tbe's~s secured by
<br />Jlfot~e b lip lnarsdiakfy dos and payabk without turtber dstnamd sad may torecttrsz by prdkial procsedteg. Leader
<br />tltialt 1k tatl~rd to cogect }a sorb praceedlo; all sxpcmtes wt tattefosurs, Ineludiag>-but oat limbed to, costs of docurerentary
<br />esldaaee, alotrar$ sad tNts re-perrbt.
<br />Jt! '~aurowels 8drlti ro lY,aiatda/s. Notwfthstandmg Lenderi acceleration of the sums secured by this Mortgage.
<br />Borrower shaFF have tFx rFSFtt to !cave any proceedings hegtin by Ixnder fc enforce this Sfartyagc disconlinttzd at any titue
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