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<br />81- 002821
<br />Lender's written agreement or applicable law. Borrower shat[ pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Anq amounts- disbursed by Lender pursuant to this paragraph 7, with interest the.aon, shalt become additional
<br />intkbtedtteas of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shag bear iMCrt;st from the
<br />date of disbuesement at the-rate payable from time to tune' on outstanding principal urtder the Note unless payment of
<br />inttxest at arch rate would be contrary to applicable taw, in which event such amounts shag bear interest at-the highest-rate
<br />ptmnialbk under aptplisabk law. Nothing contained in this paragraph 7 shall require Lender to in.:ur any experts or take
<br />atry action hereunder.
<br />ti. li'eapetilote. Lender may make or cause to be made reasonable entries opon and inspections of thr Property=provided
<br />that Lender shall give Borrower notice prior fo any such inspection specifying reasonable cause therefor rblatsd to Lender's
<br />interest in the Property.
<br />9. Ceademet8oe. 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, arc heteeoq assigned
<br />and shaft be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the soma secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a partial faking of the Property, nnless 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 anus! iti 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 imtiSediately prior to the date of taking, with the balance of the proceed
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Harrower that the condemrror offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lrnder within 30 days after the date such notice is
<br />mated, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of [he
<br />Property or to the sums secured by this Mortgage.
<br />Unkas Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extrnd
<br />or postpone the due date of the monthly installments referred to in paragraphs T and 2 hereof or change the amottnL of
<br />such installments.
<br />10. borrower Not Rekaaed. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the fiabiliry of the original Borrower and Borrower's successors in interest. Lender shat[ not be required to commence
<br />proceedings againt 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 Borrowers successors in interest.
<br />11. Foriraraaee by treader Nttt a Wairer. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise af7ordetf by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pracuremrnt of idstsance,.or~t:.payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />riglit_ to accelerate itie,'t~Tur~ty of, tFlp.indeb[ednecs secured by this Mortgage.
<br />12. Remedies Cttmttltlire. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law ar equity, and may be exercised concurrently. independently or successively.
<br />13. 9acr:essars sect Assess Boettd; Jdnt and Severe[ iaabr'Nty; Csp~. 't'he covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successor and assigns of Lender and Borrower,
<br />subject to the provisions of pazagraph '7 hereof. Al! 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 />14. Natke. Except for any notice required under applicable law to be given i^ anotfier manner, (al any notice io
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />thr;'Praperty Address or at such other address as Borrower may uesignate by notice to Lender as provided herein; and
<br />(b) any notice to Lender shall be given by certified mail, carom receipt requested, to Leudeis address stated herein or to
<br />setch other address as Lentkr may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed io have been given to Borrower or Lender when given in the manner designated herein.
<br />1S. Uaifom Mttt~e; Gorem®g taw; Severa60ity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument rnvtriog
<br />teal 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 or the Note conflicts with applicable taw, such conflict shall not affect
<br />other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
<br />end [he provision of ifie Mortgage and the Nate are declared to be severable.
<br />16. bsrrswet'a Cry. Borrower shall be fur„shed a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 'tyattaier of tie Property; Assamption. If all or any part of the Property or an interest therein 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 creation of a purchase money security interest for household appliances, (c? a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant ar tdc the grant of any leasehold interest of three years or less
<br />not txmtairtittg an option to purchase, Lender may, at Lender s option, declare all the sums secured by this Mortgage to be
<br />immediately due attd payable. Lender shall have waived such option to auelerate if. prior to the sale or transfer, Lender
<br />attd the peraai to whom the Property is to be said 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 thix Mortgage shall be at such rate as Leader
<br />:.hall request. tf Lender has waived the option to accelerate provided in this paragraph t7, and if Borrower's successor in
<br />interest has ezentttd a written aastrmption agtement accepted in wrung by Lender. Lender shalt release Borcower from all
<br />trader this Mortgage and the Nutt. ,
<br />IE Leader exercises such option to accelerate. Lender she[[ mail Borrower notice of acceleration in accordance with
<br />paragraph I4 htaeaf. Srxtt notice shat[ provide a period of-trot less than _ltl days from the date the notice is mailed within
<br />which Borrower may pay Fhe sums declared due, tf Borrower fails ro pay such sums prior to the expiration of such period,
<br />Candor rosy, without further notice or demand on Borrower, invoke any retttedees peratated by paragraph I8 hereof.
<br />Next-F7wresmtta Covsr:Atvrs• Borrower amt Leader further covenant and agree as foI[t+ws:
<br />Ili: ~ Eacapt as psevFdad fa paragrapb 1? ierepF, ePw borrower's beast r say covenant a
<br />ti,t~atya~l borrower i~ pia Mwlgage. [tetladittg /Ye coveaaata to pay wiea des artiv sas seared by tYia Marlp~e.
<br />l'r T~•.~ ~ »?d~ ~ ~Pt[C! tO BOa[OMK as prD4[dad [a ripk t4 [ItflpF lpOClFjia~ tl} t(ta dlgC*;
<br />F~ Bea adiae ae•nltad ao tws sesi > tai a Rats. +tot Fan tYaa 34 days From tree date tln asliru Y neYad b Barsewer.
<br />hx talk!t atsrlt tassel rta~a(!a cetteth and N3 ~ !relics to c+ese smelt breast oa or beieete its dttae ttpaiisd i• tie sWFce
<br />MaY raaeit i+a ereshaalisw 4f tln wan ttatersd by iiM Msrtgagt, farselawte by i+tdicW procesditt err sale of tie Prsperp.
<br />Yie" tilYsY aitt8 hMier: baEerae bstrowsc d bee r[tW to reintatt ahsi asatiat std the rtRii to astral it tlit feeseFawre
<br />1Me arttrifstiFlsare r a dileeM sr atgr sorer daFeeae r barro+vrt to iteeeleratlse std Finadaawa. H tFn bract
<br />4t last csrsd en ter iit[!4s tie dtrae tpeeMrd iw tit esNss. i.eedtrr ~ Lseias'a eptiare may da'.:re reb of tie seers scared ley
<br />gtlM M M iFSt~tdy des trd !rY`11a wl[is~ttt ietiYer detaastd- aaM tatty Fttr~trse by jrdicw prereaditt~. t.ead:r
<br />t.iR vablFla4 to esllest Fw scat ptaessthab alt eapttatat sF Fem. bat eat Bttdted ew cash of darataawiary
<br />s+J#taFS+r ttJ[tArtet4 aitiiFFis tre~gsaa:
<br />- 1lBs 1~fSptatll~l 1~+W to l Notwithatamlistg lctatar'c arctltratian of ttx sums rtrtrred by this MartgaRt,
<br />Hoartlroretr shat) trays tlia rfa have arty itrat"ttditt=t bestttt by f,cttdcr to ertfr~rCC this Mortgage discanunctcd at an}• Batt
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