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Lender's writtea s~rcement or applicabia law. Bo~rower ~all pay the amount of a!1 mort~a~e iasuraace premiurm ia tbe
maane~ provided under pua~raph 2 heroof.
Aay atnounts disbursed by I.en~~ pursuant to thit para~raph 7, with iaterest theroon, shall become :dditional
indebtednas of Borrowe~ secu~+ed by this Mortgage. Unless Bc,rmwer snd Lenckr agroc _to ot6e~ tern~s of p~ymeM, w¢h
amounts shdl be paytbk upon notice fmm Lende~ to Borrowe~ requesting payment therwl. ~ncY~luttl-bear interost frone the
date of disbur~ement at the rate payabk from tune to time on ouhtanding principal unde~ the Nate unkss pa~t oi
interat at such nte would be contnry to applicabk law. in which eveot such amounts shall bear inte~st at the hi~t~exi ra~e
permiaibk under spplicabk law. Nothing contained in this paragraph 7 shalt requiro I.ender to iacur aay e~cpdae or t~te
any action hereunder.
S. i~ecNo~. Lender may make or cause to be made reasonabk entries upoia and inspedioas of,We Property. provided
that Lender ahall give Borrower notice prior to any such inspoction specifyina rca~anabls cswe tberedoir~slited to La~der's
interest in the Property.
9. Caide~o~. The proceeds of any award or claim for damaga, diroct or consequential. ie cau~ation with say ~
condem~ation or dhar taking of the Property. or part thereof. or for conveyance in lieu ot oondemn~tio~. are he~by aui~d
and shail be paid to i.ender. : . : ~ , ~ ' '
In the event of a tWal taking of the Propehy, ihe proceeds shall be applied M!U~e ~,e~s,iecurod by this Matasse.
with the exoas. if any, paid to Horrowe~. in the event of a pa~tial taking of the Property, unless Bomowe~ and I~eader
otherwise agree in writing, there shall be appiied to the sums sxured by this Mortgage such proportio~ of the prooeeds
u is eyual to that proportion which the amouot of the sums securcd by this Mortgage immediiteTy prior to the date ef
takin~ bean to the fiir markd value of the Property immodiately prior to the date of taking, with the b~lsnoe of tbe prooeeds
paid to Borrowtr.
If the Property is abandoned by Borrower. or if, after notice by Leode~ to Borruwe~ that the oondemnor offen to mate
an award or settk a claim for damages. Borrower fails to rcspond to Lender within 30 days aher the date wch notict is
maikd. Lender is authorined to colkct and apply the proceeds. at i.ender's option. either to restoation or repair of tl~e
Property or to.the sums sccured by this Mortgage.
Unlas Lender and Bon~ower othecwise agree in writing, any such application of proceeds to principsl shall rat extead
. or postpone the due date of the monthly installments referred to in pangraphs 1 and 2 heroof or change the a~nount ot
such installmtnts. ~
- IA. lo~naet Not Releaai. F~ctension of the time for payment or modifkation of amortization of the sums secured
Dy this MaKaage gnnted by Lender to any suoxssor in interest of Bomower shall not opeiate to nk.ase. in any manner.
tAe liability of the oriEinal Borrower and Bonower's suocessors in interat. i.ender shall not be roquired to oommeoce
proeeedings agaimt such suecassor or ref~se to exteod time for payment or otherwise modify amortization of the wms
secured by this Mortgaga by rasqn of any demand made by the original Borrower and Bomowe~s wcoasors in iuterest.
il. Forieararee b~ i~ewde~~l~lat a Wai~er. Aoy forbearance by ~ender in exercising any right or rrmedy her+amder. ur
otherwise afforded by applicabk law. shall not be a waiver of or predude the exercise of any such riaht or ranedy.
The pcoc.vrcmeet of inswanoe ot the payme~t of ta~ces or other liens or charges by I.ender shall not be a wairer of L~enda's
right to accekrate the maturity of tfie indebtednas secured bry this Mortgage.
l2. Reo~edies ~vafl~ All remedies provided in this Mortgage ar~e distinct and cumulative to a~y other risht or-
remedy under this Mottga~ge or aHorded by law or equity. and may be exercised concurnntly. indepeadently or suooa~ivdy
13. S~cces~o~s ana Aad~ss Do~wa: 7oiat ani Sereral i,~; Captbos. The covenants and a~rama~ts }ia~ein
contained shall bind. and the rights heceunder shali inure to, the respective successors and assigns of Lender anel Bon~uwer,
subject to the provisions of paraaraph 17 hereof. All covenanu and a~reements of Bomower shall be joint ued several.
7Le captions and headinas of the paragraphs of this 1?lortgage are for oonvenienee only and are not to be used to
interprct or define the provisans hereof. - -
14. . Notice. Except for any notice requircd undet applicabk law to be given in another msnner. (a) any notioe to
Borrowe~ provided for in this Mortgage shall be given.by mailing such notice by certi8ed mail addressed to Borrower at
the Properiy Address or at such dher address ss Borrowcr may designate by noticx to i.ender as providod herein. and
(b) any notioe to Leeder ahall be given by certified mail. rcturn raxipt req~ested, to t.ender's addre~ stated hercin or to
such other address as Lender may designate by notice So Borrower as provided hercin. Any notioe provided_ for in this
Mortgxge shall be deemed to have been given to Borrower or Lender when given in the roanner daignatod herein.
IS. U.~ors Mort~e; Co~erda~ Law; Sererab~fy. This form of mortg~ge combina u~iform covenants for national
use and non-unifornn covenants with limited vuiations by jurisdiction to constitute a uniform security instrument ooverina
real property. 'Il~is Mortgage sf~stll be governed by the law of the jurisdiction in which the Property is bcated. In the
event that any provision or clause of this ~ortgage or the Note oonflicts with applicabk law, such c~onffid shall not aBeet
other provisions of this Mortgage or the Note which can be give~ efFect without the conflicting provision. and to thi:
a~d the provisions of the Mortgage and the Note a~+e .declattd to be severabk.
li. Ooreuwec's Copy. Borrower shall be furnished a conformed copy of the Note and of this Martgage at the time
~ of execution or after recordation hereof. ~ ~
f 1~. 'l~ter of tie *ropaty; Aas~~ptioe. 1f all or any pan of the Pr+operty or an interest thercin is sold or transferrod
~ by Borrower without Lender's prior writtcn oons~nt. eaclud'mg (a) the creatian of a lien or encumbranoe subordinate to
this Mortgage, (b) the creation of a purchase money security interat for household appliances, (c) a tra~ufer by devise.
~ desaet or by operation of law upon the deaih of a joint tenant or (d1 the grant of any leaaehold iMerat of three years or less
~ not.coatainins an option to puc+cha:e. Lender may, at Lender's option. declare all the sums secnred by this Mort6age to be
immediatel~+ due and payabk. Le~der shall have waived such option to acoelerate if. prior to the sak or trsnsfer. Lender -
and the person to wfiom the Pr~operty is to be soW or transfe~rod reach aareert~erst in wtitina t6at tht credit~of sn~ pe~son
is satisfactor~r to L.ender and that the intercst piyabk on the sums secured by this Mortga~e shall be at such nte u Leoder
s6a11 req~est. If L,~nder has waived the option to aooelerate provided in this pangraph 17, and if Borm~rsr's sooaessor in
interat has executed a writteo assumption agrament acoeptod in writing by i.ender. I.ender shall rekase Borr~ower from aq
obligatian under this Mortgage and the Nde.
If La~der exexcises such option to aceekrate. Lender shall mail Borcower noticx of sa~eleration in sooordanoe with
paragnph 14 hereof. Suc!? notioe shall proride a period of not less than 30 days from the dau the notice is ma~7ed within
which Borrflwec may pay the sums ~clarcd due. if Borrower fails to pay such wms prior W the e~cpiration of wch period. -
Lender may, without further notioe or danand on •Bomower, invoke aay remedia permitted by paragaph 18 hereof.
~ Nor~-UxrFOa~[ CoveHerrra. Borrower and I~nder further covenaat and a~ree as follo~vs: .
~ ls. Acodeeatb~ Resedies. Bue~t as ~ro~iaea i~ pra~npb 1~ I~ereof, rpo~ ~orrrw~a'a Mesc~ af aq cweart K
~ a~r~t oi Soee~owee t~ Ws Mearl~a~e, i~cl~dh~ ttie ~e~esa~fs to pq w~ew die ah s~ ssrwei bt tils Mor!`a~e. Le~ier
pior !s aoede~a~io~ ~t/ ~i ~otioe /s Doreewer a~ ~idei ~ p~ra~ra~ l4 ~ee~est ~eett~s (1) tre ~eraek t~e setiM
~ ~i lo a~e srei Meae~ (3) a d~e, ~ot ks tMr 3~ drys fro~ We date ttie ~ofioe i~ ~dlei to irnvwer, rj wW~eti wei
` ~ ort 6e e~ a~i tiat ta~re !o a~us Acb ~esc~ o~ or ~eta+c t~e date ~ec~ei t~ tre ~otfee ~ as~lt i~
aoedetatio~ d t~e we~s ~ecrred b!' tYs Mo~qa~e, Meeclowre ~j' }dkW N'oee~t¦~ si s~le ~t ~e ~eel~. 'Itie atfes
s~aY errt~er l.t~. ~o~erw~ er ere rt~it to ed~¦dale atter ~ecde~stio. s~i fie ~e a aNe.t i~ ~e r..+eeM~w~c ~e.eeea¦~
~e ~e~ee d a ieta~lt or a~ dlKr dete~e of 1orr~owe~ Io sca~k~e~ ~i toreelow~ H~ ieaKi i~M e~e~ei M
er betat~s IMe ~Me qecii~i i~ ftie ~~t1ee, Lerier at La~iers oplio~ ~ declare r of 1re w~s seer+ai ir~ trit IYM~~e 1r le
is~eai~le~ i~e asi Ms6ie nlt~o~t t~rt~er iea~i a~i ~ teredore t~ M~e b}iiei~l lneee~- I.e~ier ~al
6e eNWei to tolket f~ w~ci ~eeei~ a/ u~e~es et toredowre, irt ~ot Ifo~ifsi rea~o~~Me altaneyr tees.
a~i oo~ ut i~au~e¦t~ edae~ot, ai~trscb Mi dNe ee~o~b.
1!. lorrowtri Rl~t a ltei~ate. Notwitl~stu~dinj LendePs acvekration of the s~ms sa~tr~ed by this Irtortaa~e.
Borrowa shall bave the right to have aoy procadings begun by Lende~ to enfora thi: Mort~a~e d'e~coo6nued at any time
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