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I.CQdC~~i Wflttql t Or ~ , . , ' ~ r '
~ ~PP~~ law. Borrower tdalt pay t6a anwunt ot aN ino~ inswsoce pranium~ in tbe
manaor providod w~der pansrapb 2 betoof. ~
My amounb disbuned by Lende~ punuant to thit Mn~nPh T. with iuteceat thereon. shsll becomv additional (
ind~btednas ot Botrower secured b~? this Mortga~o. Unless Horrower and I.ender ajnee to other ternn ot paytaaM. wch ~
amounts shall be paysbb upoo notioe f~+olqi.{•e~der to Borrowe~ roquestint paYment thereot. and shall bear ieteceu trom trie ~
date of disbunpne~t at the cate ~?yabk lroih time ta dmo on oubtandlna principsl ~mdet tlie Note unka pa~t oi
interest at sucb rste would be contrary to applicabk law. in which eveM wch amouah sha0 bear interost st the 1~I~t rate
penai~'bk under applicabk lsw. Noth~t contained in this paraaraph 7 ~luil rcquira I.e~der to iacur any expe~aa a~ take
any action he~uadet. - .
S. irq~ectiM. t-ender mhr Aiakear cau~e to be made nasonabk entries upon snd inspectiota of tbe Property, providod
that Lenckr shall g'iv~e Borrower nolide~~i~~to any such inspoction spocifying reatonabk cawe thecefar rdated to La~dar's
interat in the Poope~ty. -
! Ca~ia~MNio~. '1'I~e proc~eeds ot any award or claim for damsga, diroct or oonsequenti:l. in oonnectloo w~itb any .
coademiiation or at~ec takin~ of the Propetty. or p~rt therraf. ar for conveyance in lieu of co~demnatioa. an herebY ~i~
and shall be paid to Lender.
Tn the ev~eat of a totd tskins of the property. the procoed: chall be applicd to ti~e sums ~ecured bjr tius Mortpae,
with the exce~. if any. paid to Borrower. in the event of a Rartisf takin~ of the ~'ropeny. unless Borrow~er and I.ender
dhenvist agree in writing, thero shall be appliod to the sums sxurod by this Mort=s~ such propatioa of the prooeeck
as is equal to that proportion which the amount of the sums securcd by this Mortaage immediitely piror to tha date of
' takins bean to the fair market valuc of thc Propeny immediatety prior to the date of takina. with the balanoe ot the ptnc~eeds
p~id to Hono~.
It the Property Ia abandoned by Borrower, or if, atter notice by I.ender to Bomower that the condemnor otfers to malce
an award or settk a claim for dunages, Borrower fails to respond to l.en~kr within 30 daya after the date sud~ notice is
msikd, Ler~ is authoriud to oollect and apply the prooeeds, at Lender's optan. either to e~estaration or npiir of tbe
Prope~cy or to the suma secuoed b~r thia Mongage.
Unless Leoder and Horrowier dhen~viae sgnx in wriNng, any such applicatan of proceais to principal shall not ~e~ctend
or postpone th~ due date of tl~e monthly installment: rekrred to in pangraphs 1 and 2 hareof or change the amount of
suCh installments.
10. ~on~owar Not Reka~. Extension of the time for paymrnt or mod'dkation of amortization of the snms sxured
by this Mortasge jranted by Lender to any suco~or in inte~est of Bomower shalt nw operate to release. in any manner.
the IiaM'fity ot the orisinal Borrowe~ and Borrower's succa.wrs in interest. Lender shall not be requirod to commena
prooeedings saainst such s~ooes~or or refuse to extend tima for pay~mnt or otherwise modify amorteution of the sun~
sxured by this MoREaae by r~easa~ of any demand made by the original Borrovver and Borrowee's succeasors in interest.
- 1l. Forbewa~ce lr~ i.ewaer Na a Wai.er. Any fotbearanoe by Lcnder in exercising any right or temody henunder. or
otherwiae alforded by applicabk ta~v_, shall not be a waiver of or preclode ihe eacercise of any such riglrt or remedy.
The procur~ement of iniunnoe or the paqnient of taaces or other licns or charaes by I.e~~r shaA not be a waiver of Lender's -
right to accekrate the matority of the iedebtedness murcd 6y this Mortgage. -
!2. Re~ies (~~Wi~e. All nmedies Pr+ovidod in this Mortgage aoe distinct and cymulative to any other risht or
re~? under this Mortgate vr at[orded by law or equity. and may be euercised concurrently. independentiy or suooasivdy.
13. S~eca~s a~t Artps >o~ Joif a~i Sereral Li~6i~q; Ca~t~r. 'il~e covtnants and agreements herein
- eontained sha11 ~nd. and the rjghts hereunder shall inure to, the nspective suoces.wrs and astigRS of Lenckr and Borc~ower.
subject to the proyisions of pan~rsph 17 hereof. All covenants and u~rroements of Borrow~er ahall be jant and severat. -
- 'tlie capt'wns and 1~esd'm~,s af the paragnphs of this Mortgage are for convenienoe only and ane not to be used to
interpr~et or de.~nt the provisioes herrof. _
, 11. Notica Buoept for ady notioe required under applicabk law to be givee in another manner, (a) any notice to
Bo~r provided for in this Mottgage ahatt be givern by mailing such notioe by certified mail addresscd to Borrower at
the Pmperty Address or at wch other addrcss as Borrnwer may designate by notice to T.ender as providod hu~cie. ~d
(b) any ratioe to La~da shatl be `iven by oe~ti$ed mail. retum raoeipt requested. to i.ende~'s address Wated hefein or to
such Wher ~ddt+ess as Lender inay deaisnate~y notice to Bormwer as provided heocin. Any notioe provided for in thi~a
Mortgage :hall be deaned to have bea~ siven to Borrower or Lender when giva~ in the manner designated heraa.
IS. U~ifon~ Mo~a~1e; Go~er~ L~w; Se•eraMWy. Thia form of mortaage rnmbines aniform oovenants for national
use and e~on-uniform oovenaats with limited-variationt by jurisdiction to constitute a uniform security instrument ooverins
~ real propetty. 'rhis Mort~e s6a11 be aoverned by the law of the jurisdiction in which the Property is locatod. In tbe
event that any proviiion or elwse of this Mortgage or ihe Note conflicts with applicabk (aw, wch conflia shatt not af~ect
other pmvisions of this Mortgsge or the Note which can be given eftect without the cor~flieling provi~on, and to this
end the proveions of the Mortga~pe and the Nde are doclarod to be seruabk.
lf. Sono~wa'?~ Cory. Botnawer shall be furnisl~ed a t~onfonned oopy of the Note and of this Mortaa~e at the tiane
of exocution or aher rocotdation 6ereof.
17. '/~srfer of tie ~t~; A~p~, If all or any part of the Pmperty or an interat therein ia sold or Vansfemed
. by Borrow~r without I.ender's prior written ooment. exclud'ens (a) the croation of a iien or encumbrance subordinate to
this Mortgaae. (b) the cre,atioo of a purchase money sccuriry interat fa ~ applianoa, (c) a transfu by devi~e,
descent or by operation of law upon the death of a joint tenant or tc~ the ~nt of any kasehoid iMe~at of three yeus or kss
not coMainins aa option to pta~ci~e. ~ may. at Lueder•s option, dedue al! the sums aecural by this Mortasge to be
immediatdy due snd psysble. Lender sha11 have waivcd such option to aocekrate if, prior to the sak or trmsfer. Lender
and the penon to ~rhom the Propertr is to he sold or tranaferred reach aareanent ia writinE that the craiit of wch petson
is satafactory to I,~ender and that the iMercst payabk on the swra sxund by this Mortgaae shall be at sach rate as I.endet
sl~ali req~est. If Lender has waivad tLe opticni to soxknte pra~vided in this paragraph 17. aad if Borrower's suixasor in
interat bas e~cecuted a vm~~itteo ~ption ag~reana~t aoxpted in writina by Lender, I.eoder s6a11 rdea~e Borrower trom atl
obligatioos under tbis lutortga~e aod the Nota
If I.a~der exerci~es wd~ optan to aooelente, I.ender shaii mail Borrovrer notioe of acxekration in accordance with ~
: aragraph t4 her~eof. Such ootice sbal! provide a period of not las tl~an 30 days fran the date E~e notioe a ma~ed within
+hich Borrnwer tpay pay the sums declared due, if Borrower fails to pay wch wms prior to the ea~piratinn of such period.
I.coder may. witlwot further notica or danand on BormMrer. invalc~ any remedia permitted b'Y Para~raph 18 hercd`.
Not+ Uxrpoa~t CaveKeirrs. Borro~rer and Lender further covenant and a~+ee as fdlo~va:
li. Aooder~tM~ Re~eiies. S~ee~t a~ ~iiei i pr~ryi 17 beeeat. ~w ~wrers Mesei ot an co~eart ~r
a~ree~eaR ~t 1~ra~wer t~ ~is M~e1~e, i~el~i~ d~e erewWs te ~q wres ie a~q s~s see~~ei.i~ tliir iKe~l~~~e, I.~ier
~for 1~ scede:aW~ ii ~ni ~o1ke t~ ta*~w~er a~ p~s+~fier is MraQa~i 14 ~srt ~eelt~i~s p) t~e ibek I~e sefior
~e~irei b c~ne wti ~se~ (31 s i1e. ~t ks ~ 3! iqs fr~ d~e i~le tlie ~Mioe i~nile~ M~e~wa. yr wYti wer
DKae~ ~t ~e e~# a~i f~t ta~ue 1~ e~ee wer 4esc~ o~ er Md~+e ttie i~le a~eeiiei I~ tre ~ofics ~ t~cs~lt t~
. sat#~ea~ ~t Ire wi¦s ~ea~e~ ~7' ~i M~el~a~e+ t~eelaww~e ~7 }iiei~{ ~rOeai~ a~i s~le vt lie ln~ert~. 1Ue Nfies
s~i t~etra L~.r. s.n.w~.r.t t~e e1~t a,~ie.fM~ ao~desatlo. a.i u. ry~t a arat i~ liie t«~eei~aw+s ~..eee~
de s~s~e~oe ~t a ~ets~it ~c a~ a/Mer idea~e ot fornwer r aectla~tlN ~i ta~eelowrw lt Ire i~ae~ is ~t c~rei M
ar ~to.~s e~e i.~..*eeYei t~ ~e..tio~ Le.ier r[~niu's eMiow.a~r i~el~e alt.t ~e w.s..c.rei i~ ~i.lYW~a~e to ie
i~r i~e a~i ~pa~i~ wM~~t t~etier ~e~/ a~i ~q toeecio~e 1Ys 11f~rf~~e i7 j~iiel~! wroee~I~. I.eaier sr~1
ie rtlOei 1~ eeieet i wei ~neeeil~ a~ e~ara ~f leeeeYwre, Ldeii~, i~t wt ~Mei t~, rero~iM alt~~'a lses,
- a~i a~l~ ~f ire~¦far~ a~iiw~~e, ai~esd~ ri t~9e tepoei.
i!. l.n.ww'~ lt~e a!~i¦rf~ Ndt~rit6aaAdins Leoder~s aooderstion o/ the sams secw~ed by Ma Ma~tpse,
- Horrara ibaU Lave t~e ri~t to 6av~e aay ProoeedinP be~ua bq I.eada to eaEaroe thi~ Mortp~e disooat~uod at aa~ time
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