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LcnJrr's N riltcn ~gntirn. nt or apphrablc law. Nvrn~NCr sh.~Q pay ~hr ;imuum u( all mongage incur.inr~ prrmiums in Ihc _
manncr prrviJc.l under pa~agraph 2 hcreof.
Any amuuntc di.hurscJ b~• LenJc~ pi~r.uant t~~ this paratir,~ph 7. wi~h imcrc~~~tre~~; FII~ bcrc~mr additional
in~icbicJn~:~ ~~f f3urruw~r utiumd b~~ ~hi~ !~1~~rtg~dc. l'nk.. H~~rrr~~cr anJ 1 rn.l~r acr~ti 1~~ othcr tcrmx of paymc~t. cuch
amauntc.hal) Fx pa~~uhle upan noiicr f~um I rnder t~~ R~•r~~~w.r rryii~•ting pa~~n?ent ~hcrc~+f. and chall hcar interect from Ihe .
Jate af ~lichurcrmen~ at thc ratr payahtc tr~•m timc to time un ou~S~;,nding principal undcr thc Note unlcs~ paymcnt of
interest at such r,~t~ H•~u1d t+e contrary t~ applicable law, in v?hich event sihh am~~unts ctiall hear interect al Ihe highest rate
permissihlc undrr applirablc law. N~~thing ccx~tained in this paragr•rph 9 chall requi~ 1 rnde~ to incur any erpenu o~ take
any action hrrcundcr. . . ~ ~
8. lasprrtioo. I.rnJer may make ~~r cause to he made reacc~nahle cntriec upon at?d inMtctionc of tFie Property, provideJ
that Lender shall givc Barrow~er nc.tie~ pric?r to any such inspretion s~ecifying r~asc~nabk cause therefo? r+elated ta l.ender's
intcr~st in thc Pmpert~. •
9. Coademnstioe. '1?~e prcx;eed~ of any aw•ard or claim for damagcs, direct or coo~eque~tia). io eonnection wi~h any
condemnatinn or olher taking of thc P~operty. ar part thereof, or for canveyance in lieu of condemnalic~n, are hereb}~ ascigned
anJ sh:dl !+r paid to I.ender. '
In ~hr e~•ent af a t~tal ~aking of the Pmpehy. Ihe proceeds chall he applied to the cums secured by thic Mortgage.
with the ercccs, it any. paid to Borrow~er. in the event of a partial taking of the Propeny. unlec~ f3orroNe~ and I.ender
otherwise agree in v?•riting. them cha~l he applied to Ihe ~ums securcJ h~~ thi~ 1?iongaRe cuch proportion of the proceeds
as is equ~) to that pro~x~rti~~n which the amount of the sumc ~ecurcd hy this MoNgage immediatel~• prior to thc date of
taking bears ta the fair market valuc of the Property immcdiately prior to the Jate of taking, wilh the hrl~ncc of the pmcceds
paid to Borrower.
lf thc Property ic abandoned b~• Borra~scr, or if. after nrnicc hy i_cndcr to Borrawc~ that the condemnor offcrs to make
; an award or settle a claim for damage.. Borrawer fail. to r~~~x•nd to ! ender within ?0 da~~s after the date cuch notice is
mailed. I_cnder ic autharized to c~llect and apply the proceeds. at T.ender c option. eilher to re~toratian ~~r repair of the
Pro~xr~~• or M ~he sum~ ~ccurcd h~• Ihis Mortgagr.
Unless l_eackr and Bo:rowcr othen~•isc agrce in writini, am• cuch applicati~•n of pr~cedc to prinripal ~hall nc~t e~tcnd
or pc~slpone thc duc Jate of thc m~~nthly installmcnts refcrrrd to in paragraphc 1 and 2 hcrcof or change thc amount of
such installmcntx.
l0. Borrower Nof Released. E~tcncian of the time for pa~•ment ar mc~dification of amortization of the cumc securcd
by this MonFage granted by I.enJer to am~ ~ucceswr in interect of Borrow•er .hall not operate to release, in any manner,
the liabili!~~ of the original Borro~ver and Borrow•er s succcsu~rc in intercst. l.ender ~hall not he rcquired to commence
~+rckecdings against such suci:ecsor or refuse to extcnJ timc for payment or othcn~~isc mcxiify amortization of ~hc sums
s~;ured hr ~hi~ vtortgage h~~ rcason of an~~ demand made b~• the ori¢inal [iorrower and Bnrrower s succeaors in interes~.
11. Forbesrance by [.ender NM a Ws~her. Am• f~nc~aranrc h~• T_cndc~ in eYCrcicine an~~ right or rcmcdy hrrcundc~. or
o~herwise afTurde.i by applicahle law. shall not he a waiver ~f or preclude the ~xercise of a~~~ such rieht or remedy.
The procuremeni of insurance or the payment of ta>es or ~uher liens or cha~gcs b~• 1_ender shall not be a~~aiver of l.ender s
right t~ accelerate the maturity of the indchtcdnes~ ccrumd h~• thi~ Ainrtgage.
12. Remedies Comulative. All remeclies provided in thic Ri~,rtgage arc distinet a~d cumulative to :~m~ i•thcr rieht or
remedy under thic MortYagc or aff~rded bt• law~ or equity. an~ ma~• he erercised c~mcurr.ntly. independenth• or succecsi~eh•.
13. Successors aad Assi~as Bound: Joinl and Secersl t.iabillty: Captionc. The covenants and agreements herein
rnntaine~l chall hinJ, and the riRhts hercunder shall inurr to. the respecti~•e saccec~rs and astigns of l.ender and Borrow•e~.
subject ta thc pro~•isiona ai pa~agraph 17 hcrcof. A!I co~~enants ai~J agrccmentc of Borrow•er shall he joinl and ~c~•eral.
The raptions a~:J hea~ings of the paragraphc of thic :11or~gag~ are fi~r rnnvenience rnly anJ arc not ~c~ he used to
inlcrpr~t ar definc thc pro~~isiuns hcrcof.
14. Notice. Except for any noti~e required under applicahlr 1a~+ t~, be gi~•en in another manner. (al any notice to
Borrow•cr pmvided for in thic Mortgage shall he gi~cn M~ mailin~ w:h no~ic~ b}~ crr~ificd m~il addresccJ t~~ Borrow•er at
the Propcrt) Addre.c ~r at ~uch oiher addre~s as Borrnw~cr ma~• dccignatc h~• n~.ticc t~~ I.cndcr as prcnidcJ hcrein, and
(bl aa~~ noticc to LrnJcr sh•rll Ix givcn hy ccrtihcd mail. rcturn rrcript rcqucitcd. t~? 1 cndcr ~ adJrecs s~atcd hcrcin or to
' tuch other adJress as Lender ma?• dcsign~te by notic~ tu Borm~rer as pro~•ided hcrein. Am• notice provideJ for in this
~ :~tortgage shall he Jeemcd t~~ havc tken given to Borm~~cr i~r I rnder Hhcn gi~•en in 1!x; manner de~ignalecl hcrein.
15. Unifurm 11ortRaRe: Cocernin~ Iaw; Sererebilih•. Thi. I~~rm of mangaec rnmhines unifom~ cmenants for national
~i u.e and non-unif.~rm co~•enant, xith limitrd ~•ariatinnc M• juri.di~ti~n t<? constitute a uniform securit~ instrument covering
I r~al property. Thic Mortgage shall be govcrned h~~ 1he law ~f the jurisdic~ion in which the Propen~ ic Icxated. in the
f ayont th~: .~v..•a:: Z: r::3u.T. C~i ~,iii ti~iHijddr~ ul 111C i~~Nt iUlllil~l~ ~~Ilfl J Ill':1h~C iaw. such contlict shali not 8~K'~
. i•..:.. PP
oihcr provisions of this 111ortgagc ar th~ Not< <.hi~h can t+c Li.~~n cffcct ~~•ithout tfic ronf!irting pra~•icion, and to this
{ cnd thc pruri~ion~ of thc ltnrtgagc and thc \~,tr arc .Icclarrd t~. I.c xt~crahlr.
16. BorroMer's Cop~~. $orr~~~+•cr .half f?L f~uni~he~f ~~~nf.?rmcJ rnp~• ~,f thc Votc an.l of thia i~iortgagc at the time
uf e~ecuti~n ~~r after record•rtion hereof.
17. Trinsfer oi Ihe Propert~; Acsumption. lf all ~~r am part of ~hc Pri~prrty or an intcrc,t thcrcin is s~~ld or iran~ferred
bt- Borrow•cr without Lcndcr's prior writtcn conccnt. rxcludin~ lal thc crrati~~n ~.f a licn or encambrancc subor~inatc to
thi~ :Nortgage. Ib1 the creation of a purchac~ manc)~ .erurih• ~nterest f~~r householJ ~pplianre~. (r) a tran~fer b}• devise,
de~cent or by o~xration of law upon ~he ~kath of a ju;nt tcnant (J~ thc ur~m of ~m Icaschold interest of thrcc ~•cars or less
not cont•rining an opti~n to pun:hase. l.ender ma~•. at Lender'. ~.pti~~n, declare afl thc sumc secured by this Alortgage to be
immcdiatch' duc and papable. Lender shall ha~c ..ai~ed su,h nption t~. acrclerat~ if, prior to the ~ale or transfer. i_ender
anJ the persc~n to wh~~m the Propert~• i~ to he s~tiltl c.r ir~nsf~rrcd r~ach a~reemcnt in ~~~nting that the credit of sueh person
ic satisfacton• to LenJer and that the intere,t pacablc i?n Ihe sumti xcured hy thic':11~?rleage shall be at such rate as Lender
shatt rcqucst. if l.en~ter has w•rived the optic.n to acrelcr~tc pm~•ided in ~his paragraph 17. and if Borrower's successor in
interest has executed a w•riuen assumption agrecment arcepted in wriling by i.en:ler, [.enJer shall release 8orrower from all
obligations under thic Mortgagc and thc IVotc. -
If l.ender exercises suKh option to accelerate. t_ender .hall mail Bc~rroN•er notice of acceleration in accordance with
paragraph 14 hereof. Such no~ice ~hall provide a~rio.l .~f n~•t Ie~s than i0 da~•~ from the date the notice is mailed within
K•hich Borrc~wcr may- pa~~ thc sums declared duc. If BorroHCr failc to pa)• si~ch sums prior to the expiration of such period,
Lendcr ma~•. w•ilhout further notice or dcmand ~n Borrow~cr. ~n~~alc an~• rcmedies permittcd b}• paragraph 18 hereof.
Norv-UK~FOR~t Cove~A`TS. Borrower and I.cnder funher cor•enam and agree as follows:
IS. Acceleratan; Remedies. Fxcepf :as pro~ided in p9~raph 17 hereof, upon Borrower's breach of any covenaat or
agreement of BorroNer in th~s MortgaRe. inclnding the co~~eoanfs fo pay when due any sums secnred by tbts Mortgage. Leader
prior to accekration shafl mail notice to Bormwer as providrd in paragraph 14 hereof specifyiag: (1) the breach; (2) t6e aefioa
required to cnre snc6 bresch; (3) a dafe. not less ihan 30 da~~s from the date the notice is maikd to Borrower, 6y whkh sacb
breach must be cnrod; and (4) that failurc to cure such breach on or 6efore !he date speci6ed ia fhe notice may resdt ie
accekrAtlon o[ t6e snms secured by tbis Mortga~e, foreclowrc br judicial procecdin~ aad sale of tbe Pmperty. 1be aotke
sl~ap fnrther inform Borrov~er of ihe r~M to reinstate sfter scceleratbn and tbe right to assert ia the fonclosure pe+uceediu~
tbe non-existence of a defanlt or any other defe~e of Borrower to acceleration snd forecloson. If the 6reach is not cered on
or beforc the date specified in the notice. Lcnder at [.ender's optFon may declue all of the sums secured by thk Mortgage to 6e
~ immediately dne and payabk vrithout fnrther demand and may foreclose th~C Mortgage by judicial proceedin~. Leader shaU
be eatitkd to collect in such proceeding aA espenses of forec~osurc. including. but not limited to, ressonabk aitorney's ftes,
and costs of documentary evidence, abstrscls snd ~itk rrports.
19. aorrower's Rigbt to Reh~state. Notwithstanding I.enJer s acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings hegun by i_ender to enforce this Mortgage discontinued at any time
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