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Leader's writtca ~reyn~nt o; applic~y 1*~w. ~rowe~ ~all pay ~the amouat'a[ aq nwrt~a~e ia:uraoce pcemiunr in dre
manae~ providod und~r pua~aph 2 heieof.
My uaounts disbuned by I.ende~ pursuant to thi~ parasnph with inte~t tlKreon. d+~l1 becane sdditioMl
indebtodnas of Borrower ~ecurod by thia Mortgasc. Unle~s 8orrower and l.ender aaree w dher te.~na of pa~ wdi
amounts shall be paysbk upon notioo trom l.e~~dw to Bo~rnwe~ rcquestina wr~~< <t~root. and shaq bea~ interat [roaA the
date ot dhbursea~ent at tho nte payabk fran time to time oe outstandM` principsl under ths Note unku parment d
intsrest at wcb rite would be coatrary to applicabk law, in which eveot such amouob shali bear iate~t at the hi~e~t ra~e
permi~bk undor applicsbk law. Nothing oaUained in Ihis para~aph 7 shd! require I.ender to iacur any eapet»e er tate -
any action herwnckr.
1~eclio~. I.ender may make or ca~ne to 6e made rcasonable entries upon and inspedioas of the Propetty. p~?ided
that Le~ shall6ive BoRmMe~ notice prior to any such inspection specifying rea:oaabk cau~e theretor related to La~da's
interW in the Property. '
Co~iew~Mio~. The proceeds of Any awar+d or claim for damsges, diroct or consequentid. in oonnection Mith auy
conckmnation or dber taking of the Properry. or part thercof, or for conveyanoe in lieu of condemnation. are hercby aa~aed
and shall be paid to I.ernkr.
Tn the event of a total taking of the Propeny. !he proceeds shall bt applied W the sums socured by this Mataa=e.
with the excesa. if any. paid to Borrower. Tn Ihe cvent of a partial taking of the Property. unkss Borrower and I,ender
otherwiae agroe in writing, there slwll be applied to the swns secuc~ed by this Mort~s~ such pt~opvrtio~ of the p~+ooeed~
as ~S equal to that propoctioo which the amount ot the sums secured by this Mo~tgage immediatety prior fo the d~te of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balanoe of the pnooeeds
paid to Borrow~er.
If the Property is abandoned by BoROwer. or if, afte~ notice by I.ender to Borrower that the con~emnor oRen to make
an award or settk a claim for damaga, Borrower fails to respond to Lender within 30 days aftet the date wcii notiee is
mailod. Lender is wtlariaed to colkct and apply ~he proceeds, at I.ender's option, either to restoration or repair ot the
Propeny or to the sur~ securod by this Mo~tgage.
Unless I.ender and Borrower othenwise agree in writing, any such application of proceeds to principal ahall not extead
or postpone the due date of the monthly i~stallmrnts refened to in paragraphs 1 and 2 hereof or change tha amount of
such installmeats.
1~. Dorrawer Nof Relased. Extension of the time for payment or modification of amortiution of the wms sxured
by this MoRYagc granted by Lender to any successor in interest of Borrower shall nd openie to reka:e. in any manner.
the liability of the original Borrower and Borrower's successon in interest. Lender shall not 6e required to canma~a
prvc~eed'mgs aaa;nst such succeuor or refuse to extend time for payment or otherwise modify amortization of the sums
securcd by this Mortgage by rcason of any demand made by ihc original Borrower and Borrowet's successors in iRterest.
l l. For4eairawce y I.ewder NM s R?aireu Any forbearancc by l.ender in exercising soy right or remody he~eunder. or
otherwise affotded by- appiicabk law. shap nM be a waiver of or preclt~de the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or cMrges by i.ender shall not be a waiver of I.eoder's
right to acoekrate the maturity of the inde6tedness secured hy this Mortgage.
12. Re~ne~k~s C~~e. All rcmedies provided in this Mortgage ar~e distinct and cumulative to any other riSM or
remedy under this Mortgage or afforded by? law or equity. and may be exercised concurnently, independeotly or suoxsaively.
13. S~eceasws a~i A~d6as doaad; ]ohit sai Sereral i.bi6iNf~, C~pdoos. 'll~c coeenanb and agrcements herein
contained shall bind. and the rights hereunder shall imu+e to, the respoctive successors aod assigns of Lende~ and Borrower,
aubject to the provaiau of paragraph 17 hereof. All covenants and agretments of Borrower shall be joint and sevenl.
'tl~e captian and headings of the paragnphs of this Mongage an for oonvenience only and an not to be used to
interpret or de6ne the provisions hereof.
14. Nodet. Except for any notice required under applicabk law to be given in another manner, (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notioe by certitiod mail addressed to Borrower at
the Property Addras or at such dher address as Borrower may designate by notice to i~nder ~ providod herein. and
(b) any notice to Le~ shall be given by cenitied mail. retum roceipt roquestod. to i.ende~'s addreas stated hercin or to
such other add~+ess as Lender may daignate by notiee to Bornower as provided herein. Any notice provided for in this
Morigage shall be deemod to have bcen given to Borrower or Lender when given in the manner designated herein.
1S. Uaifarw Mo~e; Go~e~ i.aw. Sewersbility. This form of mortgsge combi~xs unifornn oovenants for n~tioaal
; use snd non-uniform rnvenants with limitaf variations by jurisdiction to co~aRitute a uniform security i~utrument oovering
r+eal property. 'I~is Mortgage shall be governed by the law of the jurisdictioe in which the Property is locatod. In tbe
event that any provision or clzuse of this Mortgage or the NMe rnnflicts with applicabk law. such conflict shall not atfect
~ other provisions of this Mortgage or the Note which can be given effect without the ~nflicfing p~+nvision, and to thi:
end the provisiwts of the Mortgage and the Note ar~e cieclarod to be sevuabk.
16~. somower's Copy. Borrower shail be fumished a confom~ed copy of the Note and of this Mortgage at t4e time
of execution or after rccordatioa heroof.
17. 7~dtr of tre lroperty: Assemptios. If all or any part of ihe Pr+operry or an interest thercin is sold or transferred
by Borrower without Lender'a prior written rnnsmt, excluding (al the creation of a lien or e~cumbranoe wbotdinate to
this Mortgage. (b) the cr~eation of a pur+chase money security intercst for houxhold applianoes, (c) a transfer by devite,
descent or by opention of law upon the death of a joint tenant or (d) the grant of any leasehold interat of thrce yean or less
not containing an option to purchase, Lender may, at Lender s option, doclare all the sums sxured by this Mortgaga to be
immediately due and payable. Lender shall have waived such option to aocelerate if, prior to the sak or iranafer, Lender
and the person to whom the Property is to be sold or transferrod reach agrcement in writing that the crodit of such pe~son
is satisfactory to I.eoder and that the intercst payable on the sums secured by this Mortgage shall be at such rate as Lender
chall requat. If Lender has waived the option to accelerate pmvided in this paragraph 17, and if Borrower's uucasor in
~nterat haz exceuted a written assumption agroement scceptod in writing by i.ender. Leoder shall nlease Borrower from all
.•hligations under this Mortgage and the Note.
If Lender exerci~es such option to accekrate. Lender shall mail Borrower notice of accekration in accordance with
aragraph 14 hercof. Such notice shall provide a period of not less than 30 days from ihe date the ratice is maikd within
hich Borrower may pay the sums declared due. If Borrower fails to pay such u~ms prior to the expintion of such period.
~ ,~_l~r may, without further notice or demand on Borrower. invoke any remedia permitted by paragraph 18 I~ereof.
NoN-UrnFOR~[ CoveN~xrs. Borrower and Lender further covenant and agree as follows:
~ 18. Acederatio~; Reaedia. Exeept as ~ro~idcd i~ psn~rapr l7 ~ereot, ~po~ lorrewa's 6~each et a~y co~eas~ or
a~reeme~t ot Eon~ower i~ fNs Mo~e. ~Cf~dio~ ttie eo~ea~Ms to pq wbe~ aoe sny stm~ see~ei by tYY Morf~a~e, I.eadet
prior to aecderatlo~ a~ar ~aii ~otke M Do~wer as prorlied b pua6rapr 1~4 rereof ~pecif~i~ (1) tie breac~ (2) ttie selio~
nqnbed b ctre wc~ bnsck (3) a d~e, rot las t~ 36 days fra~ tie iate tl~e ~otke b oailei b Sonowa. by wrier wd~
brac~ srt be c~re~ a~ (I) t6at ta~a~+e to care s~i 6rescb o~ or before tbe ~te s~edi~i i~ tf~e ~ofke ~ ers~M L
accderatio~ d tre su~ nc~red d~ tl~ Morl~a~e, [o~+eclowre by j~eW lr~oe~ieL a¦a de of tre Prope~t~. 'Itie ~otice
aMaD fort`er i~fo~ lart~ower ot tbe ri~ht b ~eie~h aHer accekratiow s~i ttie rl~t b awert ~ t4 tor~eclosMe ~ioeeei~
tL~ eofs~teoce d a idadt or a~y otl~er defere ot Dorrowe~ to aecderafio~ s~ foreeloara B tre brsae~ i~ ~ot ewei a~
or betore fre 8~e r~ecii~i ie f~e ~oUee. i.esier M I.e~der's optb~ say dechre a1 at ttie s~r stc~i ti~ 11~oelp~e to ie
imme~stdq iie a~i pya~le witioat tRt~er aema~ ad oq to~+eclo~e tri Mo~a~e ti7' ~ l~t~ i.eaiet ~ti
be edWei to colat i a~ poc~e~ ae e~eda ot fo~cloaire. ~..c ~ a~ n..o¦.w~ ~.r.e~
ae~ oo~b ot ioc~ t~iie~ce, arhacls a~i title ~epr1~.
~ 1!. ~orrowers R~t fo Rdrta~a Notwithstanding Lende~s acoelention of the wms sa:ured by tba Mortaa~e,
Borrower shaq hsve tbe ri~t to f~ve any ~oceeding,s begun by i.end'er to enforoe tha Mortgaae discon6nv~ed at aay tune
~oo~ 25~' r~ 6~4
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