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l.ende~'s writtrn asrreaoeAt or ~pplicable i~w. 8ormwe~ ~all p~y the aiewunt ot aU tYwrtsaje inu~ranoe p~+aniuau ia tbe '
manae~ providod uak~ pua~raph 2 be~qpl. . ~
Any amounts di~bunod by Leadet punuant tc? ~i1+ MruinPh 7. with iateoat lheroa~. thatl becane additlonal
indeMed~ess of BonoMre~ socuc~ed by this Mortsa~e. Unless HoROVrer and i.enckr sp'a0 to Whet larun af psymeut. wch
amo~unb ~aI! be payabk upon ndice from l.cnder to Borrower requatint payment theroo~. and shap bar iete~wt fwm the
daro ot dbbunemcnt at the rate payab{e irom time to time on outsl~ pnincipal w~der the No~e unlen paymeat ot
intercst at such nte would be oontnry to applicaMe law. in which event wch amo~nb shall bear intene~t at the bishat ~e
permim'bk uc~der applicabk law. Nwhin~ oootained in this parsarsph 7 shall require I.ender to incur i~op experas or tate
any aciion l~enuader.
t. I~eclMw. I.ender may make ar cause to be made reasonabk entries upoo and inspoctions of tbe Ptopertp. pr~vided -
that [~e~ sha11 siv~e Borrowar notice prior to any such inspeclion spocifyin~ rea:onabk cause tlK,retor rclated to I.endw'a
' ioterest in tho Pnopetty. •
! Ca~ies~Nlew. The proc~eeds ot any award or claim for damases, direct or oonsequeatial. io oonnectioa ~rith say -
, co~deannation or dher takina of the Property. or pan thercof. or for conveyance in lieu of ca~demoatian. are hee+eby sa~oed
and shall be paid to i~ende~. .
in the event of a total takina ot the Pmperty., the proceeds sl~all be applied to the um~s aecured bp thi~ Mortaaae.
with the excas, if any. paid to Borrovrer, in the cvrnt af a partial takina ot the Property. uolex~ Borrower and La~der
otherwise ag~ee in writinE. there ~all be appliod to the sums sxu~ed by this Mongsae such proportion ot the pc+ooeed~
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date d -
taki~ bears to the fair market value of the Prq~e?ty immediatety priar to the date of takina. with the balanqe of the p~~ooeeds
paid to Bomowe~. -
If the Property is abandoned by Bormwer. er if, after notioe by ixndcr to Borrower that the condaonor oRers W nuite
an award o~ settb a claim to~ damages, Borrower fails to respond to t.ender within 30 days after the date such notioe is
maikd. I.ender is wtha~ned to oolkct and aPp1Y the procceda, at I.endcr's option. eithe~. to ~estoration or re.pa~ir ot tbe
Propeny or to the sums securod by this Mongage.
Unlas Lende~ and Horr~ower otherwise agree in writing, any such application of p~~eeds to princj~l sh~l not actexid
or postpone the due date of the monthly installmc~ts referred to in pangraphs 1 and 2 hereof or change the amoont of
wch i~talln~cats. ~
1!. 1o~ruwer I~Iof Reka~oe~. Extension of the time for psyment or modifica[ion oi amo~ti~t+c~+ of t3~ ~ s~ure~ ~
by this Mortgage atanted by L.ender to any suoc~ssor in interest oi 8umiw~r s~`~a=i r~ ..~.....tc .a re~, 3~ ~ss}? n?ann~r,
the tiability of the oriainal Bormwer and 8on~ower's succason in interat. Lender shall not be r~equired to oanmenoe ~
proceodinas agaiASt such wocesaor or refuse 1o extrnd lime for payment or otherv?~e modify amortization of the wms
securod by this Mortgaae by reason of any demand madt by the original Borrower and Borcovrer's wccessors in interdt.
l l. Fo~~eara.ce t,e.ier Na s Wat.er. Any forfiearanoe by i.ende~ in exercising any right or rcmody henamder. or
othe~?ix aBorded by applic~bk law, shal! nM be a waiver af or preclude the ea~ercae of any such ri6ht or remedy.
77~e procuremeat of insunncx or the paym~ot of taxes or other liem or chsrges by i~ender sha0 not be a waiver of L~der's
right to acoekrate tha maturiry of the indebtedness sccured hy this Mortgage.
li Re~edia C~~4fi~e Atl remedies pmvided in this Mat6age 9r+e distinct :nd cuinulative to any other right or
rcrttedy under this Mortga6e or afforded by law ar oquity, and may be exercixd concurnenNy, independently or successivefy.
13. Srecesras a~ Aaei~as 10~ JeiN a~i Sereral i.bi6iq, Capie~s. The covenants and agreements herdn
oomained shall bind, and the rights he~+eunder shatl inure to. the tzspxtive suooessors and assia~ of Lcode~ and Borrowtr.
subject to the provisia~s of parasraph i7 hercof. All covc~ants and agreements of Horrower shall be jaiot and severd.
'i1~e captions and 1~esdir~s of the pusaraphs of this Monga6e are for oonvmirnae only and are not to be usod to
i~terpr+et or define the prov'~siotu heroof. -
l4. NoBee. Eacept for any notioe requircd under applica6k law to be given in another manner. (a) any ~otioe W
Borrower providod tor in this Mortgaae shall be givrn by mai~ina such notioe by arti8od mail addres~ed to Borrower at
the Propeirty Addras or at such dher addrcss u Bor%vver may designate by rative to I.ender as provided herein. and
(b) any notice to i.ender ahall be given by certilied mail. retum rceeipt requested, to t.ender's address stated herein or to
wch other sddras as ~.ender may desisnate by notice to Borrow~e~ as pmvidod her~ein. Any notioe pr~m?idod for in this
Mortgage shalt be deea~ed to have bea~ givea to 8orrower or Lender when given in the manner designated heran.
l3. U~ifar~ Merf~a~e; Go~ i,aw; Se~ersb~t~. This torm of nwrtaage combines uniform covenants for nationat
use and rwn-uniform oovenants with limited variations by jurisdiction to corotitute a uniform security instrument eov~erin~ ~
rcal property. This Moctaage shatl be governed by the law of the jurisdiction in which the Property is located. In the i
event that any ptnvesion or cliuse of this Mortgage or the Note conflictt with applicabk law, such conflict shal) not alfect !
other provisions of this Mortgage or the Note which can be aiven effect without the conflicting pmvision, and to this ~
end the provisions of the Mortp~e and the Note a~+e declared to be severabk. '
~
If. forruwer's Coq. Borrawer sha11 be furnishod a confomrcd copy of the Note and of this Mortaa,ge at the time
of exceertion or after r~deordation hereof.
f7• 7'~arfer of ttie l~+o~e~ty: A~aasttiow. if all or any part of the Property or an interat thercin is sold or transferood
by Borrower without Lender's prior written vonsent, excludinE (al the crcation of a fien or a~cumbrance subordinabe to
this Mortgage, (b) the creation of a pur+c~ase mooey socurity ~nt~rat for household appliances. (c) a tnnsfer by devi~e,
d~uent or by operation of Isw upon the deuh of a joint tenant or (d) the grant of any kasehotd inten~t of three years or kst
not containina an option to pul~chs~e. I.ender may. at Lend~r's option. doclare all the wms securod by this Mortgsge to be :
immediatety due aad psyabk. i~ntk~ shall have waivod such option to aocekrate if. prior to tl~e sak or truafer. Lender ;
and the rson to whom the ~
pe Property is to be sold or transfenod ~each aar~eement in writing thal the credit of sud~ pe~son ~
is satisfsctory to l~ender and that the intercst payabk on the wms secured by this Mortgage shatl be at such rate as Lender i
shall rcquest. if Leoder 6as ~raivod the option to acoekrate pro~vided in t6is pnragraph 1T. and if Borrower's s~~ooeuor in °
~nterest has eaecutai a written aswmption aaroanent ~ooeptai in writina by I.eoder, La~der shall release Bomavrer tran ail ~
~btigations uede~ tha Mortgage aod the Note.
If i.ender a:arna such option to acoekrate. l.ender shall mail BoROwer notice of aocekration in aooordanoe with
aragraph 14 heroof. Sbch notioe shall provide a period of not ku than 30 daps from the date the notioe is maikd within ,
hl^h I30fiOVYEf illiy ~fy UIC sllmi tioi:iiuwi u'iic. ii w.:v.::: ~~'N r~ ~v~h ~~ms nrirx tA t~lE ExDlli110l1 Of St/C~1 P~.
~:n.kr may. w+tl~o~ f~utha notice or demand on Borro~rer. invoke any remodia permittcd by paraaraph 18 l~eroof.
Not+-UHtro~ent Covertswrs. Baro~ver and I.ender further covenant and a~nee as fdlow~s:
li. Aaeler~ Re~eihs. ~ee~t as ~ro~iied i~ rra~a~i 17 beeeo[, lerrowers Meaci d aq ~e~ewrt K
a~eare~ d~ew~er l~ Ws Mer~a~e, Lcl~ii~ ttie e~re~rls to ~ wiiea i~e aq wr ~ec~rei rj tWt Morlp~e, i.e~ier
~ior a saele~a~W. ii..i.otloe a~enower: Nwiial i. Mra~.aN 14 in~e.t ~ec~i~s (1) I~e b~eac~ t21 ~e sdN.
rq~si ts erre wer i~ea~ck t~ a~e, ~t ks 1rr 3~ ~s f~ tie iate tre wtle~e i au~ei i~ Merower, b wiier we~
breaai ~t re e¦r~ ai (4j Irat trwe M e~ne wd~ ie~i ~ or refere tie i~le s~eelliei i!ft ratice ~qr tewlt i~ ~
serde~alio..t aie,.r,ee.rea b~~?~. b i~ w'~~~s a¦i s~ie .t tre ln~ert~. '[tie .Mks
s~aY t~rN~ i¦le~ ~~~w~r ~t be ri~t w rei¦aa~1e aHer sced~ a~i tie eiat M areA t~ lie ta~eeiMw~s wreeei~
d~e ~o~r~e~eC ~t a ~eta~lt K a~ elrer ie~eau ~t Ra~rw~er a sec~daati~ a~i [~we+~ 1[ 1l~e Mieaei i~ ~t e~+ei •
or bd~ne Ae ils s~eclW i lie ~tk~ Lesier at i.esiei'f~ o~liM ~pq? ~eel~ee i d As w~s ~ee~ei i~r tYs M~et~,~e t~ ie
i~eirel~ a¦e,¦~ ~yaMs..M6.~R twtMr ie¦rri a.i ~q t.ree~e.e W. lYf~~ b}~eW ~oei+i~. i.eaiv ii
be artl~0ei t~ a~ieet i~ f¦~i ~r~eeeii~ a~ es*eres ~t t~eei~wwe. Vci~if~. i~t rt ~iiei t~ eea~wii~ ali~lr t~ees.
a¦i o~ ~t i~e~ a~iiNCS. air~eaeb si tl~e ~1~
t!. l~nw~ R~t a ~dwaa. Notw~;eMtandins t~ende~'s .vodaation of the wms aecuted bp tLis Morts.,~e.
Borrowu ~6aU b~ve tba ri~t w hsve aoY Proceecfinl~ be~u~ b'f~ Lender w tnEoroe thi~ Matpye di~con6nued at a~r time
goox270 P~ ?14