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Lenckr~ written a~eeoaeat or applicable kw. Hormww th~ll par the amouM at sll moK~aj,e iowraaoa pren+iuaa iu the
maaner provided tu~de[ p~r~raph 2 he~~eot.
My amounb di:bucsed by I.eade~ purwant to thb puaariph 7. Mith iat~rc~t fh~boA; ~II becarb sdditio~al
iodeMednea of 8oma~rer ~xut~ed by this Mort~a~e. Unkss Bormvver and l.ende~ as~e to other tern~s of payaaeat. wch
amounts shall be payabk upoe notioe from i.ender to 8ormwe~ roquatins payment theroof. aad shall beu interait te~an the
date of disbunemaAt ae the rate payabk from time w time on ouWandi~ principal under the NoEe unlea paya~ent ot
inte~+est at wch rate woald be oontnry to applicabk law. in which cvmt such artauMs ~a11 bear iatarat at the l~i:l~at ra~e
pertnit~'bb ~mde~ applicabb laa. Nothins ooatained in this pangraph 7 shalt require j,endOr to iaeur ao~ ~p~e or t~e
any action 1~ereunder.
t, i~ecNM. I,ende~ may malce or cause to be made reasonabk eetries upon and inspectio~s oE t1w Property, P~ovided
that I.erder ahail sive Horro~re~ notice prior to any such inspoction specifyina reasoaabb cause therefor rdated to Ltndert
interc~ in the Pt+operty. • ~ ~ ~
, 9. Co~ieMMiow. 'll~e proceeds ot any award or claim for damsaes, diroct or oon~equeotid.
coodemnation or other taking of the Pmperty. ot paR thereof. or [or oonveyana in lieu ot cb~demnation. are hee~? ~ed
and shall be paid to I.ende~.
In the eveM of a total hlcing of the Propeny. the procoeda shall be applied to the wms secured by this Mortga~e.
~ with the exoess. if aay. paid to Homower. in the cvent of a partial taking of the Property. unkss Borrowe~ and I~da
otherwise aRree in writinAt. there shall be spplied to the sums secured by this Mortgsge such ProPortion of the pruaed~ ~
as is equal to that propo~tlon which the amount ot the aums securod by this Mortgage immediatdy ptwr to the oue of
" tatins bean to the fai~ muket valuc of the immediatety prior to the date of takias, with the balana of the pt+oceeds
paid to Bornower. ~
if t6e Properry ts abandoned by r. or if, after notiae by I.ender to Bomnwer that the oondeonrwr ol[ns to mate .
an award or settk a claim for damaga, rrower fails to respond to l.ender withio 30 days after the date such notioe is
~iailed. Lender is wthorined to oopect a y the proceeds, at Lender's option. either to restoration ar ~ir of d~e
Property or to the sums secured by this Mortgage.
Unkss Leade~ and Borrower otherwise agrce in writing, any such application of proceods to principal shall not e~tend
or postpone the due date of the monthly inatallments referned to in paragraphs 1 and 2 hereof or change the amouM of
such inttaltmeots.
1~. ~orrower Not Rdarei. F..xtension of the time for payrt~ent or modifkation of amortiution of the sams sxured
by this Mortgage granted by Lender to any succes.wr in inte~e.st of Bomower shall not operate to rekaae, in any manner.
the liability of the original Bomovrer and Bc~rrower's successors in interest. Lender shall not b~ reqnired to conur~a~oe
prooeedings against such suoce,ssor or rcfuse to extrnd time for payme~t or othervvise modify amortization of the sums
socurod_by this Mart6s~e by reason of any demand made by the original Bomower and Borrower's succassors in interest.
1l. Forieara~ee y I.e~ Nd a Wai~er. Any forbeara~oe by Lmder in exercising aoy right or remedy hcre~mder. ot
otherwise atfordal by applicabk law, shall not be a waiver of or proclude the exercise of any such riaht or remedy.
'il~e pwcunemast of insuranoe or the payment:of taxes or other liens or charaea by i~eoder shall not 6e a waiver of Lende.~s
risht to acoekrate the maturity of the indebtedness secured hy this Mortgage.
1L Reaeiia ~tl~a All remedies provided in this Mortgage a~e distinct and cumulative to any other right or
remedy under this Mortgsge or afforded by law or oquity. and may be cxercised concurrently, independently or successi~rdy.
13. 4~~s a~i A~s Do~~is ]oit a~i 4e~e~a1 i.is6Yfq: GNM~s- 71~e covenanb and ag~+oert~ents herein
oontained shall b~nd, and the riahts heteunder shali inurc to. the t~espectiv~e sucoes.sors and assigm of Lender and Borrrnrer,
subject to the pmvisions of puaaraph 17 hereof. All covenants and agroements of Borrower shall be jant and several.
'Ibe pptio~ and headiags of the puaaraphs of this Mortgage are for oonvenience only and are not to be uxd to
interpret or de8ne t1~e prov~ hereof. ~
1~. Notiea E~coept for sny ootioe r~quired under applicabk law to be given in another roanner, (a) any notioe to
Borrow~er pmvided for in thjs Mo~tgaae shall be given by mailiag such notioe by certiflod mai'1 addressed to Borrower at
the Property Addras or at such other address as Bornower may desigoate by notioe to irtnder as provided 1~ereio. and
(b) any notice to Lanckr shalt be giwen by oertified mail. retum rooeipt raquested. to i.ender's address statod herein or to
such other addras as Leoda may de~nate bp notice to Borrovrer as providod herein. Any notice provided for in this
~ Mortgage ~all be deaned to have been sivrn to Borrower or I.enckr when 6iven in the manner desianated hercan.
lS. Udfori Mo~ G~+eni~ I.aw: Se~erabiit7• This form of mortgage combines uniform eov~a~ants for national
' use and ~wn-uniform oove~ants with limited variatian by jurisdiction to coe~stitute a uniform xcurity instrument oo~erina
ral property. 'Il~is Matsaae al~all be aovernod by the law of the jurisdiction in which the Property is located. In tbe
evrnt that aoy prnvision or ciuae of this Matgage or the Note oonflicts with applicabk law. sucl~ oonflict shall nd atFed
other provisrons of this Mortgaga or the Note which can be giveo eHect without the oonflicting pmvi~ion. and to thi~
~ end the provisions of ihe Mo~a~e and the Note aro doclared to bc severabk.
lf. io~r~w~'s Co~. Borru~w~er shall be furnisl~ed a owiformed copy of the Note and of this Matgage at the time
of executioo or after ~datioo heroof.
17. T~a~Eer ot tre lru~at~; Asa~eio~. if all or any put of the Property or an inter~st therein is sold or transfared
by Borrowe~ without I.eoder's prior written ooment. excluding ta) the creation of a lien or encumbrance wbordinate to
this Mortgage. (b) the cceatioa of a punchsae mauy sccurity intereat for houxhold applisnoes. (c) a tra~afer by devi:e,
descent or by operation of law upon the death of a joi~t teaaot or (d) ihe Erant of a~y kasehold iMerat of tfiroe years or less
not containins an option to purcha:e, I.endu may. at Lender's option. declare all the sums ~ea~red by this Mmtaage to be
immediately due aod payabk. Trender shall have waived such_ option to accelerate if. prior to the sak or transfer. Lender
and the person to whoon the Propaty is to be ~Id or transfemad t+e~d~ agrament in writins that the credit of such pe~son .
is satisfactory to I.ender ud that the i~erest piyabk on the sums sxurod by th~ Mortgaae shall be at wch rate ss Lenda
shall requat. If Leoder has waived tbe option to aooekrau provided in this paragraph 17, aad if Borm~rer's wooasor in
~nterat has euecuted a writteo a~unption sareement aooeptod in writins !ry i.eader. I.eoder shall release Bomovver fro~n all
.~bligations under this Mortga~e aod the Note. •
if I.e~der e~ wch opt~on to acoelerate, i.eoder shall mail Borrower notioe of aocekration in accordanoe with
arasraph 14 heneof. Such ootioe shall provide a period_of not ka than 30 days from the date the notioe is m~'fod within
hi~h Borrow~er nwY pay the sums decland due. If Borrower fails to pay wch sums prior to the eacpiration of such period,
,:~~Jcr may. witbout further notioe or danand on Borrawer. invoke any remedies permitted by ps`agraph 18 he~+oof.
Non-Uxrpoax Cavexsrrra. Borr~o~vu and i.eoder furtl~er ~ovemnt and agree as fdbws:
l~. Aeodeati~r ite~eiies• ~e~t as !~'o~fi~i L l~L~'~!r 17 re~e~ot. ~N~ >errswds b~escr of aq ~M or
a~reese~t d lerrrwer i~ ~is M~1~a~e, Vd~ii~ ~e co~e~rls M~q wbe~ i~e aiq~ srs s~e~e+ei b~ tl~is 1Ko~sle, i.eaier
pior i~ sceeia~Ws ~ ~i ~Nioe 1~ foervwer as ~ro+fiei i~ rra~e~Y 14 renrt *eer7i~s (1)1~e i~wc~ tre setiN
~+eqiei i~ aw~ weti ireae~ a i~lm. rt Ics IMw 30 iqs tro~ t~e i~e tYe Mliee !s a~ei M~e»re~, wYc~ wd
reeacr ~rt ie eseii a~i (q Wt taiiNe M c~re s~cti ie~e~cU e~ or rde~e tre i~e ~ee~ei 1~ t~e ~Ike ~q ~eNM i~
ae~de~atlN ~t Ire aec~ei i~ ~ Mo~tp~e, [~or~cl~wre b j~iei~l l~ooee~i¦~ a~i ale ~f tlie ~n~c+y. 'ltie Mtioe
~ s~i t~rfrer i~tor~ Mrt+rwar ~t tre ~t 1~ ni~ale afte~ aoakr~M a¦i 1~e e~Yt 1~ aNe~t i~ ~e hreel~wee ~e~eeei~
~e ~ots~oe ~t a ieta~it er a4 etrer ietere ot Nre~ Is scedaaW~ a~i Eaeei~e. It Ae ieeaer b~et e~ei a
or kto~+e ~e ile ~eeliei i~ ~e rtic~, t.eaier at I.e~ier's o~tiN ~q ~eelre a~ et /re w~s sec~ei i~ Ais Me~l~e ba 4
i~~e~eb ie a¦i paile w1W~t M~er re~i a~i ~q fi~eelMe tW Mo~e b}~e~ !~'~aei~• I.esier ii
be e~li0ei M pieet i~ s~ l~~eaiYL ~ es~s et t~eiow~e. rei~¦~. ~t rt ~i1ei M. re~~ilt ~Il~er'7h tea.
= a~i o~i i~e~e7 NMe~a. ai~Incb a~i Wie eeNrl~.
' 1!. Mn~rws~ 1t~M Zei~M~M. Netwit6itand'm~ Laida's aooda~ation d tbe sums ~ecu~t~ed bp tbis Iidoct~s=e.
' Bormwer s6al16av~e tbe ri~t a bave aor P~ec~edin~c beaun b9~ Lerder to ~fora ths Mortp~e di~continued at aoq? time
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