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i~ltmtllt Or i~~bl! jiM. HarroKer ~daU par ehe amouat ot all mo~taa~e inwranoe premiums in tbe manria ps»vid~d
urd~ para~apb ! haeol.
Any amoanes di~bur~d bp l.enckr purwant w tl~4 para~rsPh 7. ~?ith iotereat therc~oa. ~hall beco~o~e additional ia
debccdner oi ~roMer acured br chi~ Moetaa~e. Uala~ Dorro~rer and Lenda aaree co otbv te~au ot p~Ysen~ ach
amouna ibatl be papaabk upoa nocioe tram Lender to SonoMer *e9~~ Wl'+~~ +pd IhaU bar, Ince~qt~t tros
tht datt ot di~ur~ent ~t the rate pa~raDk fro~a ctme to tlme oa oat~taadi~ principai unda the Note u~ pa~ment
of i~terat u wc6 nte ~+ould be oontrary w spplicable la~r. ia wbkh erent suc~ au~ounq shaU bear iacerat at the hiahat
ratc permi~bk utder applicabk la~r. Nothins oontalaed in this pua~aph 7~6all require Lender to iacur any dcpea~e or
take anr :ctbn hae~nda. .
~ S. Iarpe+etioa. I.ender may ~wlee a cawe to be made rauoaabk enuia upon ar~d inspectioas of tbe Proprrtr.p~o-
vided that Lender ahsll sive Bo~ro~wer notkr prior w an~ wcb inspectan ~edtyina rea~oaabk awe thercfor related w
Lendez's Intue~t ia tbe Propat~.
Coadeaeatba. 'I'6e proceeds ot anJr a~rud or cLi~s tor damsae~. dirat a can~equtatLl. in connation ~rith anr
condemnation or other tatir~ of the Properqr. or put cha~eof. or tor ouareranee in lieu oE ooademnation. are bia^eby a?
sig~ed and ~Aall be paid to I.ender.
In the e~ent o[ a total tsktaa oE the Propert~. the proteed~ ~hall be aPplied to the wm~ ~ecure~d bp thb Mortaa~e.
with che acoer. II aay. paid w BorroKer. In the event ot a psrtial takina of the Propertr. uale~ Borm~rer and Leader
otl~er~rix a~ee in ~?ritiua. theze al~al! be spplied to the sumv ~ecwed b~ thL Mortaaae wch proportjon ot tbe pe~oaed~
a~ ~ equal to t6at proportion ~rhich the amount ot tlie am~~ ucured br thL Mortaaae i~amedIatel~r prior to the date oF
taklna bean to the Ltit matket valne oE the Property immediatdp prior t4 tbe date ot talcia6. nich the balaaa oE the pro-
m~•'~d,~ ~ .
T[ tM f'~opert~ b abandoned by BorroMrer. or u. afcer nocioe bp I.eada w Borm~ra chac the oondemnor oEters co _
~a~ate an s~ ~or ~ettk s clsim for dams6e~. Borroxer ta~7s eo rapond to Lender wichin 30 daYs a[eer che date wch nociae
u~Wailed.'Lekdet. i~ anthori~ed to oollect aad sPP~1 the prxeed~„ at I.e~der's option. eicha co ratonciou or repair af the
Fr~pertr:tr w:tlie sum~ iavnd br this Mortgaae.
tiak~ Lender and Borro~rer oiher~ri~e aarce in ~ricina. u,~ mch ippliacion of proceeds w priacipal ~hall noc accead
nq poae 4ht-dMe date of the monchtr in~tallmeats re[etred w in paraaraplu 1 uid Y htreof oc d~anae the amoant oE
par r
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et Not ae~d. Extension ot the time fa paYment oc modiEication oE anartiatioa oE the wms iecnred
b~:chis~,~?~Ia~V~B~ &~?ted bJr I.ender w anJr wooawr in interat ot Borro~rer shalt not opence w rekatq in my manna.
the liabilit~l of tbt .original Borron+a and Borrorrer's ~ooatoa in interaL Lerula sbaU not be requised to mmmeua
Proccedir~s again~t wch suoca~or.or refwe w acw~d cime fos pa7meat or octxnri~e modiE~ amorci:atioa of the sam~ ae-
cured b~r thi: Mortgage b~ rea~on oE any demand made bp t6e oriainal Borro~ra and Borro+ret's aiooe~on in interat.
11. porbaraaoe b~ I.eoda Na s Wai.ea AaJr fotbeiranoe bp I.ender in acacisina anJr right ar remedp hereunder.
or other~ri~e afforded by appliabk la~r. ~!?ari aot be a~raina of or prcclude t6e euerciu of an~ such right or remedy. Tbe
pmcvremeat of inaunnoe or tl~e psyment o[ tua or otLer liens or d~arges by Lender shaU not be a~raivcr oE Lenda's
»ght w aaekrate cl~e macuriqr oE che indebcednas secvred b~ chis Mostaase.
1L Remedia 4u~dati~e. All remedia pnovided in rhis ~iortgage are diuinct and cumulativt to any ot6er rig6t e~
remed~ under this Mortga~e or aEiorded b~ la~r or equiq, au~i aizy be acerci~ed ooncumnttJr. independend~r or w~a~ivel~.
13. S~roaNO~s and Aaisa Dodnd: joiat and Se~erd LtabIIiq: Cap~ioo~. The oorenants aud agree~ents herein
ouatained sAall bind. and the tights hcreu~det shall inure w. the rapeai~ waawn and as~ians of Leader and Borroaver.
wbjett w the prnrbions oE patagraph 17 hettof. All oorenants and aaretments of Botrorrer shall be joint aud sevtraL T6e
apcions ud headLigs oE che paraaraphs oE ttw Mo~tsage are [or mnvenienoe od~ aad are not w be u:ed w interpret or
de[ine t!x pro~i~ions hereo~
14. Naioe. Faceept [or any noticercqu ired uada applinbk la~? w be ginen ia another manner, (a) any notia w
Borro~?er pmvided for in thL Mortaage sbaU be Siv~en b~ mailins wch notia b~ certified mail addreaed w Borm~rer it
t~e Yropeny Addra~ o~ at auh at6a ~ as Bormwer ma~ desi~~ace by notioe co Lender as pr~ovided herein. aad (b) ~
aa~ ~cia w La~der shall be ai.en br eeni[ied mail, murn scceipt reqncsced. w 1.,endei's addre~ uaced herein or co s~
ot6er address as I,ender ma~ dai~nate br notioe to Bon+awer as prorided hereim Mr notia pmrided [or in chi: Mort6age
shall be deeated w have beea Eiren w Borro~rer or I.enda ~rhea given in the manner daigaated herein.
lb. UaiEorm s[oct~~ Go~?a~aias Lw; seraabilit~. This form of morttgag~e oombines nnitorm oovenants for na-
tional we and non-nniEorm aorenanq ~rith limited vuiations b~ jurisdiaion to aoastitute a uniform security instrument
' oorering real propaq. This Mortga~e shaU be govtrned b~ the hrir o[ the jnrisdiction in ~rhich the Property is loated.
~ In the tvcnt t6at wy pmvision or dau~e of tbis Mortgage or the Note oonflicts ~vith appliable la~r. such rnnElia s6all not
aika aher provi:ioas of thn Mortgaae or the Note Mhi~ can be gi.ea e[[ecc aithouc the aonIIiaing pmvision. and to
c6is end t6e prorisior~ of the Mortgaae md._~he Note art declared w be ~e.wusble. ~
16. Dorrowrr's Copq. Borrower sl~all be fnrnished a conformed cop~ of tbe Note and ot this Mortgage at the time ~
r
~ ol exeattiot~ or aft~ necordation hereof.
~ 17. TrawiEer oE t6e hopatq; Aaoaption. If aIl or any part of the Propetq or an inctrest tlurein u~ld or trans- -
ferred by Borw~ret ~ri~hout l.e~?da's prar ~rritten aowent, acduding (a) the atation of a lirn or encumbnnoe wbordinate
w tlus M~tga~e. (b) t6e cratan oE a purrhax mone~r ~eauity interest for hoosehoW applianas, (c) a transfer bp devise,
daceat or by opentioa o[ la~r upoa c6e dash of a jaint tenaat or (d)~the grant ot anr leasehold interat oE three Yan ~
leu noc ooncainip6 an option w purc6ase. Lender ma~. at Lenda's optton. dedare all the auo~ secured br this Mortgage to
be immed'utelp dne and payabk. Lender ~all 6ave ~?aived mch option w saderace if, prior w ~he sale or cranster. Lender
and the person co wbo~ t6e Property is w be sold or tnndernd radi agreemeac in ~+ritinE that the aedic of such perwn
is ncidaccorq to I.ender aad that tLe interesc parabk on the wms ucvred b~ this Mwtgage ~hall be at wch nte as Lender _
shall requat. If Lender Iw ~raived the optioo to aaeknte pr~vided in this paragnph 17. and if Botro~rer': wae~ot in
ineeresc has acecnud a~rriteen a~pcion agrKment aaepted in ~rritina by Lenda. I.ender stull ydease Borro~+er from
aU obligations under this Mortga~e aud tLe Nou. .
~ IE Le~der exarisa such optioa to aooelente, Leoder s6a11 mail Borrower notiee of aadention in aooor~anae ~rith
~ paroarraph 14 hereoE. Such notioe shaU pmride a period of not len t6an 30 da~s from the dau the noeice is mailed within
~rhich BorroMrer mar Pay the amn dalared d~u. If Bare+awer faib to par w~h wms prior to the expiracion of wch period,
I~ may. nithont further notioe or demand on Borrower. inmke anr remedia permitted bl P~SnPh 18 hereof.
No~t-Urrno~ Co~rxn~'ts. Bo~nv~wer and I~r Eurther oo~enant and agree as Eollo~:
lA. ' Aeoeleration: Reeedies Pacept as pro~jded i~ p~rsarapL 17 Lereof. apoa Do~m+~n'a beearh d aa~ eo+enant or
a~eseot of Dorr~.es In t6ir l[os~e. locb~dina tLe oo~enana w pa~ w6ea dne a~ w~ ~ecvred b~ ~ More~e.
I.eader prior w aoodaac~oa ~sll m~D nodoe to Darsow~er ~r pro~id~d je paeaarapb 14 6er~eoE apa3[riaE: (1) ~Le MeacL:
(t~ tbe actioa ~e~d ~n a~re wKb b~eacb: a dat~ not la~ eLan ~A da~s fras tLe dau tbe notiae is ma~ed co Doao+~er,
6~ wLic6 ae~ breach ~aut be a~e+ed: and (4) that failare w a~re wxh b~rac~ oa or be[ore tbe date spe~cffied in tLe notice ma~
~+aalt ia aooderasion d tbe wuos ~cu~+ed b~r ~Lir Mor~6,aae, tor~edawu+e b'f judic~l prooeediu~ aod de oE tbe tropect~. ~
aotloe i6~1! further joform ~Orra~rir oE tLe riaht to reLptate alter aooeieratbn and tLe riaht w a~ert in tbe farecfawue
prooeedios tbe non~e~teaoe d a ddwlt a anp otLtr ddeare o[ Hormw~er w aoodaation and Eeroclowme. It tLe b~+e~cb i
not au+ed oa or beEore tbe daa ~pe~ed io tLe notioe. I~der u I.eade~'s optioa may dtclare all of tbe wmn ~abned b~ tWr
~Iattsa~e eo be bomediud~ due aad p~~sbk ~ritboac tost~ar deaand aad ma~ foralwe chi~ Mor4l~ b'f P~•
M~ I.eade* ~LaU 6e eatitkd to eollect in w~ pr~ooe~dias all espeaus aE Eo~edo~oi'e, inct~dio~. but aot Ijmited w. reaioa
abk attarae~'s tee~. aad oats oE doasoeanr~ e~deaa. ab~taw and titk i+epacci.
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