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LcnJrr's a~ritten :+grcY:mcnt or applicable lav?•. l3orrowe~ shall pay thc smount uf all mongage insurance premiums in the
m~nncr p~uviJcJ under paragrapi~ 2 hcreof.
Any smounts disbu~sed by l.enJc~ punuant to this paragr~ph 7, with intcrcst thcreon. shall become additions)
in~lchtecines~ ~.f RormN•cr seeured by this Mortgage. Unte.c B~rr~wer anJ I.ertJrr agrc-e t~ other iern~s of payment. cuch
amc+unts shall t~c payahlc e~~x~n nouce f~om I.ender ~~i &umwrr rcyiK~iing pa}•ment thercot. a~d chall bcar iote~est from the
cfate rf dicbursement at the rate payable from time ta !ime on au~staoding principal uode~ the Note uakss payment of
interest a! such rate N•ould be contrary lo applicabk law, in v?hich event s~kh amounts shall bear ioten:sc ar tiic h~g#~rat rate
permissibk uodec applicabk law. Nothing co~tained io this pa~ag~aph 7 shall rcquirc I_ender to incur any expense ar take
any action hcrtundcr.
& Inspec~ion, ~ender may make or cai~se ro be made rcasonaMe entries upon and inspectionc of Ihe Aroperty. provickd
that Lende~ sha0 give Borrowe~ ndic~e prior to any si~ch inspection specifying reasonabk cause the~efc~r related to Lander'a
interest in the Propeny.
9. Cosdeauatbs. The proceedc of any award or claim for Jamages, dircct or conceque~tial, in connection with any -
coodemnata~ or ather taking of the Property, or part thereof. or for oanveyance in lieu of condemnation, are hereby assigned
and shall be paid ta Lender. ~ -
in the event of a total taking of the Aropeny, ihe proceeds shall.6e applied to ~he sams secured by thic Martgagc.
with the e+ccess, if any. paid to Borr~wrr. in the event of a panial tal:ing of ttk Property, unlen Aarrowe~ and i.eoder
o~hen~rise agroe in writing, therc shall be applied to the sums stcured by Ihic Martgage s~~ch proportion of the proc.~eeds
aa is equal to that prc~portiae which the amount of the sumc ucured by this M~rtgage immediatel}~ prior to the date of
taking bears to the fair markct value of the Property immediately prior to thc ciate af ~aking. Nith the balanct af the p~oceeds
paid to Borrowe~. • . - .
. tf the Propen}r is abandoned by Borrowe~, or if, aEter ootice by Lender to Borrower that the condemnor otfen to make
an awar+d or. settk a claim tar damages, BoROwe~ fail;•to nd to;t.end~r within ~0 days after the date such r?c~tice is~
mailed, T,.ender is sutho~ized to collect and a~ply the ~naee~ a1?T.eridas't ~option. either to restoration or repair of the
P1rop~tY or ~to the sums securcd by this Mortgage. . •
~t7nleis l.endst.and BornoNer othenvise ree in writin . an such a~lication of tc~i~e~ds ro n
88 S Y pp ~ p ncipat shall not extcad
qr postpone •th~ dile date of 1he monthty installments refcrned to in pa~ugraphs 1 and 2 hercof or change the amount of
3uch ~istallrri~~its. _ ' " < .
~ ;1@. ~of'rowei Nat Reku+ed. Extension of the timeff~c~paymenf or.modi8cation af amartization of the sumc secured
- by tl~is Mo~tg~ge g~inted by Lender ta anv succ~swr in interect of &?rrower chall not operate to rekase. in any maoner.
, •~the l±ability.~pf the origina) Borrovver and Borrowcr's suoeessors in iotercst. Lender shal) not hc required to commence
~roceedin~s agai~ut such sixcessor or refuse to extend time for payment or otherwise modify amortization of the sums
sc~eyr~d by tris. Mortgage by reasor? of any demand made by the original Borrowe~ and Borrowet's succescars in interest.
`[1. Fordaraace 1ry Lender Not s Wa1~er. An~ fort+earance by i.ender in exercising any right or remedy hcrronder, or
otherwix af#orded t~y appticabk-t~r~tt not be a waiver of or proclude the exercise of aoy such right or remedy.
The procurement of insurance or the payment of taaa or othe~_ liens or cha~ges by i_ender shail not be a w•aiver of t.ender's
right to a~ecekrate the mstunty of the-indebtrdness secured hy thic Mortgage.
12. Reu~dies Cnmulsithe. Al) remedies pra~ided in this Mortgage at~e distinct an@ cumulative to any other right or
rert~ly under this Martgage or afTorded by taw or equiry, and may he e+cercised concurrrnUy, independenU~ or successivcly.
13• Seccesson aad Aas~as Bouad: Joiui aad Sere~ {~ly; Captlo~. 'Il~e covenants a~ agrecments herein
contained shall bind, and thc rights hereunder shall inure to. the respective successors and assigns of Lender a~d Borrow~er.
subject to~the provisions of paragraQ6 17 hereof. AlI covenants and agreements of 8orrower shal! be joint and several.
The captions and headings of the paragraphs of_ this Mortgage are for convenience o~ly and a~- not t~ be used to ~
- interprrt or deflne the provisians hereof. .
14. NWice. Except for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortgage shati be given by mailing such noticc by certitied mail addresscd ~o Borrower at
the Property Address or ai such other address as Bormwer ma~ desig~atc by nolice to Y.ender as provided herein, and
(b) any notice to Leoder shall be given by certified mail. retum reccipt requcsted. t~ l.en3er s address statcd hcrein or to
~ ~uch other address as Lender may designate by notice to Borrow~er as provided herein. Any notice providecf for in this ~
Mortgage shall be dcemed to have been given to Borrow~er or 1_ender w•hen given in lhe manner designated herein.
1S. Uaifo~ Morl~~e; Goserniq~ I,nrv: Severab~if~. Thic (orm of mortgage combines uniform covena~ts for national
: use and non-unifo~m covenants with limited variations hy jurisdictian to constitute a uniform security instrament covering
real prope~ty. 'il~is Morigpge shall be gQverned hy the law of the jurisdicticu~ in which ihe Praptrty is located. 1n the
event that any provision or clause of this Mortgage or the Nate conflicl~ with ap~licabk law, such conflict ~hall not atfect
o~her provisions of this Mortgage or the Note v?fiich can be given elTect without the conflicting pmvisian. and to this
end the provisions of the Mortgage and the 'Vote are cleclared ta hc ceverable. ~
l6. Borrower's Copy. Borrower shall be furni~hed a conformed copy of thc Note and of this Mortgage at the time
of execution or after t+ecardation hereof.
l7. Trs~sfer of tlx Propertr. 4ssumption. 1f all or am- part of the Property or an intere~t therein is sold or transferred
by Borrower without ix~der's prior written consent. eacluding (al the creation of a lien or encumbrance subordinate to
this Mortgage. (b) the creation of a purchase money s~curi~y interest f~r housei~otd appliances, (c) a transfer by dtvise.
descent or by apcration of law upon the death of a j~ini ~enant or (d1 the grant of any leasehold interat of three years or less
not~containing an option to purchase. ~ender max, at Lender'c op~ion, declare all the sums secured by this Mortgage to be
immediately due and payable. Len~r shall have µ~ai~ed u~ch option to accelerate if, prior to the sale or tranafer, Lender
and ihe person to whom the Property is to 6e solJ or transferred neach agreement irt writing that the credit of such person -
is satisfactory to i.ende~ artd that the iaterest payabM on the sums securcd by this Mortgage shall be s?t such rate as Lender
shall request. _ 1f Lendcr has waived the option to accelerate provided in this paragraph 17, and if Borrower
s successor in
` interest has executed a vrritten assumption agreement accepted in writing by i.ender. Lender shati telease BorTOwer from a11
obtigations under this Mortgage and the NMe.
If Cender exercises such option to acrekrate. Lender shall mail Borrovver notice of accekration in accordance with _
paragraph i4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration af such period,
T.ender may, without furthet~ notice or demand on Borcower, involce any rernodies permitted by paragraph 1!4-hereof.
NW~1-UNIFORIbt COVFNANTS. Borrower and Lend~r further covenant and agree as follows:
18. Accdaatioo; Remsdies. E:cep as procWed ia p~ra~rap6 ty bereo[, ~po~ Borrower's brael~ of uy coreaaut er
a~ceme~ of Bo~rower i. ehis Mor~age. i~c~tn~ rbe co.ea~rs eo pa~ wbcs aee any s~s secmed br iiis Mor~a~e, Leaaer .
prbr !o aa~de~io~ sbaY ~ aodce b Dorrower as rrarlded ia pra~rap6 14 6erraE specifyio~: (1) ttie 6nacL, (2) t6e ~ctioe
reqaired to c~re soc~ brescb: t3) n date, aot fas tban 30 dars from t6e dNe tbe aortice b ma~ed to Eorrower. bp wtiicL sack
bnsc` ~nmt 6e erred; and thst f~r~e to c~are wch breacb oa or bcfore the date apecised t~ tbr aotfee way resslt ia
aecelcratio~ of tre waes accrred 6y tbi~ Morl~e+ fonclawre ly' jadlcial Proecedio~ swl. sale d We Troperty. 'ILe wotke
sh~ tsrtLer ~ers Dior~+rtr of We rT~bt to rei~tate dter ~ectlen~tiow ~d tYe ri~M b a~ert ia tLe far~elo~e peeec~o~ .
tie ~orexi~tewoe d a~e[adt or sy otber ddeNSe of Sorror?tr to aceekn~io~ and fo~edoa~re. N tbe bceu6 b not e~ os
or 6dore We dsle speei6ed i~ tbe ~otlce, i.esdsr at Lender's optjoa maY dechre aH ot tMe s~t~ sec~red by tl~s Mortaa`e fn be
~we~a~ &~c a~i pyabie wilbo~t tart6er demaud ~d msy forc+close thk Mortga~~ Dj' jndicW M~o~ceed~. Lea~der s6aM
6e eo8tlei ta eo~ect i~ srci proe~ sN expe~sa of toroclosw+e. 6icla~, brt aot ~~oitei to, res~oasbk atter~ey's fas,
a~i ~ooN~ ot doerme~ e~ide~ce, s6~trsctr s~d dHe repab. .
1~. ~orro~x's Ri~t te Rd~ttla Notwithstanding Lender's accekratan of the wms sxural by tl~is Mortgage.
Borrowa shail6ave tl~ ri~ltt to bave aay proc+adinps begun oy Lender to enforce this Mart~age disconGnuod at any tirae
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