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Leader'~ writtea sjreerneat ar appticable law. 6o~rower ~baU p~ytbe anwuat d ali a?ort~e inwrwa premiurw in tbs
maaaer providod unda- para~raph 2 ber~eot.
Aay unouob di~u~ed b~? l.a~det punuaat to thi~ pan~rsph 7. with intero~t thereon. dwq beoome ~dditioosl
iedeblednas ot Hotrowe~ ~ecured by this Matjsse. Unkss Borrowe~ and t.ender ssra to Wl~e~ te~au ot pa~noaM. st~ch
amounts ~hall be payabk upon naica trom t.ender ta Bornower roquestin` paymeM theroot. sad tlnq beat interoK troa~ tl+e
date ot d&bunaaeat at ti~e tate payabk trom taae to eime on outstandh~ principal under the Nate unlea papmeat ot
ieleroat at ~uch nb would be oontnry to applicabk law. in which eveet wch amouab ~all bar inte~t at the 6ishat rate
1a+n. Nothiris oontained in this pan~aph 7 shall requiro I~endor to it~ur aap ~cpade or tate
i. l~eeli~a i.eeder mar make or eswe to be msde res~onabk entri~ upoo snd inspectio~ of the n~npertp provided
that I.end~t shap pre Har~r notioe prior to any wch inspection spocityin` n~oaabls cause theretor ted to Leadet's
intena in the Propeitr.
~ !i. CMieMMI~~. The proceeds ot any awar+d or claim tor damsga. direct or consequeatial. in oo~a~ectioa wkb aup
oadpnnatioe or otber takin~ ot the Properry, or put tAercot, or tor conveyance in lieu of eoodemr~ation, are he~? s~ned
and :hall be paid to I~ender. -
~ In the eMeat of a tohl t~kin` of ti~e P~+opeMy. the proceeds shall be applied to the aums secured by this M
with t1~e ezcas, ii anr. paid to Homower. I~ the ev~ent of a panial taking of the Property. uakss Bonow~er and Laider
othetwise ~+ee in waitina. the~e shall be appliod to the sums securod by this Mortaaae such Proportion of the prooeed~
as is equal to that proportion which the anwunt of the :ums secured by this Mortsage immediatdy prio~ to the dde of
t~tbe fair mukat vdue of the Prupecty immodiately prior to the date of takina. with tbe balana of~tbe q+uoeeds
It tbo Propetty is abandoned by Hormwer, or if, after notioo by I~n~kr to Bomo~w~er thst the oondaeuwr oRers to anate
an a~rard or aettk a claim for damaaes. Bornower faila to rapond to I.ender withi~ 30 days aher the date wch ~wtioe is
mailed. I,ende~ is authorinod to oolkct aad apply the proceeds, at I~ode~'s option. either to ratoration or npair of the
Propertr or to tbe sums secured by this Mortga~e-
Unka Le~r and HorrwMer otherwise agree in vrriting, any such applicatan ot procec~ to principal shall not eutend
or poapoae the due date of the nnonthly ir~stallmrnts rcferrcd to in paraaraphs 1 and 2 her~of or change the amount of
such i~talhr~ub.
i~. iwrower Not Rtlea~ei. Factrnaion of the time far payment or modiflcation of amortizstion of the s~ms aecu~+ed
by th~ ?•iost8~ Sr~r+i~ by La~sdas ta any succe~sor in intere.st ot Borrowei shaii nw operaie to neiea~c. in an~ n?annet.
!!x !'sabits~? ~rs~! 14is~±+~!~~ a!~! ~+rr.+~rrr's s~ss in ssst~st. uss3sr -,tisl! rsat ~ sr~uis~ ta ~
prooeedinas saainst suc6 suoeeasor or refuse to eatrnd time for payment or otherwise nwdify anwrtization of the sums
xcurod by this Mort~e by ~esson of any demand made by the ori~inal Borrower and Borrowe~'s ~ccessor~s sn interat.
11. Fo~eara~ce y I.e~ier Not s Wahrer. Any forbearanoe by Lender in exercising any pght or rcmedy hereunde~. or
othenvise afforded by applicabk la~v, shall rat be a waiver ot or preclude the exercae of any such riaht or remedy.
The procurement ot uwuanoe or tbe payment of taues or other liens or charges by I.ender shall not be a waiver of Leoders
ri~ht to accekrate the msturity o[ the indcbtodness securcd hy this Mortgaae. ~
-~i R~eiies t~tl~a All n~medies provided in this Matssge a~ datinct and cumulative to any other riaht or
remed~r tiader tbis Mort~e or ai[orded by law or equit~r, and may be eaercised concurnentty, independeatly or suocessively.
13. S~eee~s a~i A~r ~o~ Joi~t a~i Sereral U~biily; Ca~fiows. The oo+?enants and agroemmts l~erdn
oontained shaD bind. and the ri~hts hetrunder shalt inure to, the respective auooessoa and assigns of Lender and Bomow~er.
subject to the ptovisioos of parasraph 17 heroof. All oovenanu and agroements of Borrower ahall be joint and several.
71~e pptans and headinas of the paragraphs of this Mortgage ue for oonvenience only and ane not to be used to
interpret or de6ne the provaions lrcreof.
11. NNka Eua~t for any notioe r+equired uader applicabk law to be given in another manner, (a) any notice to
Bormw~er provided for in thb Mortgage shall be given by mailiog such notioe by cenifkd mail addrcssed to Borrower at
the Pmperty Addc~ess or at svch ather address as Bomower may designate by notioe to i.e~e~ as providod I~ein. and
(b) any notioe to t.ende~ :haU be aiva~ by eertiliod mail. retum roceipt requested, to l.ende~s addras stued herein or to
such other address as Lender may designate by notice to Borrovrer u provided hercin. Any notice provided for i~1 this
~ Mortaage shaq be deaned to have boen given to Horrower or Ler~er when Eiven in the manner desianatal herein.
1S. Udtoe~ MoA~e; Co~er~ i.aw; 3esE~. This form of mortgage combina uniform covenants for rational
use snd noa-unifonn oovenaats with limitod variations by jurisdiction to constitute a uniform security imtn~ment ooverins
ra! property. This Mort~e ~hall be governod by the law of the jurisdiction in which the Property is locatod. In tbe
~ evrnt that any provi~ion or clause of this Mortgage cx the Note conflicts with licabk law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be givrn effect wit~t the conflictiog provision. and to this
~ end the provisions of the Mortaage and the Note ar~e declared to be severabla
li~. ~rdwer9 C.oq. Borrowe~ shsll be furnished a conforn~ed copy of the Note aad of this Mortgage at tha time
of eaecution or after mca~dation hereof.
17. Trarfer of ~e lt~opty; Asaaptio~. lf all or any part of the Prvperty or an interest thercin is sold or"transferred
by Borrower without Lender's prior writtee consent, excluding (al the creation of a lien or encumbrance subordinau to
this Mortgaae, (b) the crestion of a pur~chase ma~ey security interest for household appliances, (c) a tnnsfer by devae.
desoent or by opention of law upon the death of a joint tenant or the grant of a~y leasehold interat of three years or lau
not containing aa option to purchs~e. Lender may. at Lender's option, doclarc all the sums eecurod by this Mortgaae to be
immodiately due and payabk. I.ender shall have waived such option to aocelerate if, prior to ihe sak or transfer. Lender
and the person to whom the Property is to be sold or tnns(e~red ~each agrsernent in writiog that the credit of such persa~
is satisfactory to I.ender and that the intercst payabk on the sums sccur+ed by this Mortgage shall be at such nte as Lender
shall request. lf I.ender bas w~aived the opian to accekrate provided in this pangraph 1~, and if Borrorver's succwor in
intercst hu e~cecuted a written sw~mption agreement acaptod in writing by I.ender. i.ender shall nkase Horrower from all
obligations under this Mortgaae and t6e Note. .
If Lender exencises wch option to accekrate, Leoder shall mail Borrower notice of accekration in acrorda~oe with
paragnph 14 hernof. Such notioe ahall provide a period of not las than 30 days fro~n the date the notice is mailod within
which Bormwer may pay the sums declarcd due. If Borrower fails to pay wch sums prior to the expintion of such period.
[.ender may. vrithout (urther notice or demand on Borrower. involce any rcmedies oermitted by oaragraoh 18 hereof.
Nox-Ut+t~ur Cov~t+~trra. Borrowe~ and Lender further covenant and aaree as foi~:
l~. Aoeiin~atlsr, Reae~ies. Buept a~ ~rariie~ i~ ~a~Y 17 ~ereat, rlo~ lorrowds i~eacd ot ary core~t or
a~reeae~t et larrwer Y~4 M~, ie~ ~e eo~e~aMs to ~ wbe~ i~e ah sa~s seea~ei dy 1N~ Mo~lsa~e, I.s~ier
wior 1~ so«i~a~.. i.t.aY.otlee a~orro,.er as N+o.wd r. ~~a~Y 1~ i~or,~eer~: tl) Ire 6nse~ (2) Ire adio.
re~iei lo eae s~d~ inse~ (33 a i~Is. ~at IeN 1~ 3~ dap froa tre date tre ~ofke Y~aYe~ 1e ~enowa. b wYel~ w~ei
~eae6 MM it e~e~ si tdt fai~we 1~ e~re wd Mesel~ o~ or ~etore ttie i~te a~eeliei i~ tUe ¦ofWs rq as~it t~
acederali...t se s... ,eri.e~ b~ M~s~. ~ b i~ !~i a.~ a~e ot ue r~eey. 'i~e .Nke
,~i t~r1Ye~ id.~ ~anw~ d lie ri~M a~aa .Ner aeakrrio. a.i tr. rt~t a a~ef i. ~e ta~eek~sre Neoeei.~
de ~-e~e~oe at a~e[a¦it ~r a~ otl~er idere at 1o~r~o~wer ta x~k~ a~i io~elowre. ~~e ie~eseY ir ¦~t ceei a
o~ iet~e ~s i~1e ~eeli~i i~ tre ~otle~, i.e~ia at I~esiers oMio~ ~ ieeMr+~ s~ ot tre s~s see~ iq tW 11~fse~e t~ ie
i~eiiel~r i~e a¦~ ~q~iie wMw~t taetYer ~e~i a~i ~ t~scloa ~ M~e b}ifeW M~oa~~. iw~ier ~Yi
~e e~M10~i N a+~eet 1¦ wtr poeeii~ a¦ pt/eres d to~+ecle~wr, i~el~~. ~t Mt vYei M, ra~Ye atlotM~ fea,
a¦i a~Y et i~ewe~ e~iie~os. aiit~seb aei dtle *eMeU. ~
if. /Knws~'s !~t a Rd.M~te. Nawithscandin~ Lende~'s .c~odKation of the wms secured by this Mottp~e. ~
Borrawa i6aU 6ave t6e ris6t to 6ave any proooedio6t begun by t.ender to eaforooe th'n Mortp~e di~oondnued at any time ~
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