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Leader's writtan aireemeat or applicab{e law. Borwwci :haq pay~the ~mouat ~.~11 darti~N P~~ ia t6e
maaner provided under pu~raph 2 hereot.
Any amounta dissbu~d by L.encbr pursu~nt to thit para~nph 7. with iato~t theroa~, thsll bacar~e sdditionsl
ind~b+adnas of Borrower ~ecurod by this Mort~sje. Unku Borrower and Lender a~rea to othe~ tem~s ot paymeM. such
amounts shall be paysbk upc~ notioe fmm I.cnder to Bornowe~ roquestinS WY~~t lheroot. aad shall bau inte~est traq the
date of disbunement ~t the rate payabk from time to time on oubtandhr~ principd u~der the Note unlea peyma~t vt
i~tenst at wch cate woutd be contrary to ~bk law. in vrhich ev~ent such smoun~ ahait bear interat st the hi~pt rsb
Permipibk eu~der sppilicabk law. Nolhfnj~cantslMO in this W~t~Ph 7 ~iup tequire I.~nder to iacur aay expema or take
any action heownder.
i. imleelM~. Lende~ may make or cause to be made rcasonabk entrias upon and inspectans of the Propetty.
tMt ~.ender ~If give Sorrower notioe prior to any wch inspoction specifyia` reasooabk cau~e ti~erefor rdated 1o I.ender's -
intercst in tKe Trnperty.
Co~de~nMis~. ~1'Ne proceeds of any award or claim for dama,Ees. direct or consequential. in oonnectios with anr
condemc~ation or other takins of th~e Propenl?. or part thercof. or tor ccxweyar~ce in liw of condema~tioo. ate he~eby a~sttned
and shail be paid b i.ender.
In the eYept of_ ~ total tskina of the Property, the pro~.~ee~ shall ba applied to the wms xcuc~od bq this MortEase,
~ with the exc~eet, if,any. paid to Borrovrer, in the event of a partial takins of the Property. unkss Borrowcr and Le~der
othefwise sgroe in arritin~. there sha11 be apptiod to the sums sxured by this Mortgage such pt~nportial ot tha ptocecd~
~ as is equal to that propoKion which the amount of the sums securod by this Mortgage jmmedlatety prior to tha data of
taking bears to Ihe fair muket value of the Propeny immediatety prior to the date of takins. with the balanoe of the proceeds
paid to Borrower. .
If the Prope~ty is abando~ed by Borrovrer. or if, after rwtice by Lender to Borrower that the oa~demno~: oRera to malce
an awand or settk a ciaim for dama~a. Bormwer fails to resp~nd to I.ender within 30 days after._ tbe date wcp aotiee is
mailed. I~ender i~ authoriaed to cdkct and apply tix proceeds, at I.eoder's option. eithe~ tc .~oration o~ r~sir of t6e
~roperty or eo th~,sun~s secured by this Mortgage. ~
; - iloiess tende~_ snd Horrower otircrwise agree in writin A~ytl!° M~~ds to Pn~P~
: or postpone tbe d~k ~te of the monthly instalfinents nfe~~~ 2 heroof or chan~e t1fC amqqet of
such i~atallmmta. : • ; .
10. ~trswpr Not Qdearea. Extrnsion of the time for~y
n-
~"or modiftcation of amort'r~tion d the.sum~ aecucrd
6y this Martgage..~epn~ted by Le~der to any su~r in inter+est of 8orrower shall not operate t~-pckase, in yry lnanner.
the- liaW'lity oi tba oriEinal Borrower and Bc+rrower's successors in interost. Lender shaq not be'~ roquirod to `commenoe
prooeedings against sucb ~ or refuse to eateod time for payment or otherwise modity amortiution of the sums
sxured by thb Mortgage by n~aon of any d~mand made by thc originaf Borrower and Barrowet's s~xcessors in IMerat.
11. Forbear~ce Mp i.eaier Not s Wairer. Aay [orbeara~we by Lender in exerrising any right or rcmedy hereunder, or
othenvise afForded by applica6k law. sball not be n~ waiver of or proclude the exercae of any such riEht or nmedy.
The ProcurcmMt. of in~urancc or d~e payment of taxes or other liens or chirga by I.ender shall not be a waiver of i,e~der's
right to accekrate the maturity of the indebtedness securod hy this Mortgage. ~
It Rew~ t1~tl~e. All ~medies provided in this Mextga~+e arc d'atinct and cumulatire to any other right ar
remedy under tbis Mortga~e or aQorded by law or equity, and may be exercised co~currently. independantly or suooessively.
13. Srcce~sa~s s~d A~ Doe~i; Jol~t swi Se•eeal TLbil~ Capflo~s. `Il~e coveaanb and agrxme~ets f~erein
oonuunod sha1~ bind. and the riRhts hercunde~ sha11 inurc to. the rapective suocessors and assigns of Lender and Borm~er,
. subjed to the provisions of psr~raph 17 hercof. AII covenaMs and agrcemcnts of Bormwer shall be joi~t and stveral.
. 'i'fie aPtiaa a~d heading,s of the pusgraphs of this Mo~tgase arr for oonvenienx oniy and are not to be used to
interpret or deSne the provisior~t l~enof. ~
1~. Notka Exoept fo~ any notioe required under applicabk iaw to bt given in anWher manner. (a) aey notice b
Borrow~r pt~uvided tor ea thb Mortasae shsll be aiven by mailing such notioe by certifled mail addressM to Borrow+~ at
the Property Addras or at such other addr~ess as 8orrower may desig~ate by notioe to l.ender ss pmvided herein, and
(b) auy notioe to I.ender shap be given by eertitied mail. retum reoeipt requ~sted, to [.enckr's addras statat herein or to
such otf~er address as I,eader may destanate by notiee to Borrow~er as provided t~erein. Aay notioe pr~ovidod for in this
: Mortgage shal) be deemed to have ban given to Borrower or Lender when aiven in the manner de.signated herein.
1S. U~iton4 MoA~~ G~serd~ Law: Sererai~ity: 'I7~is iorm of mort~age com~na uniform covenants for nat+onal
we and non-uniform oova~ants with limited variations by jurisdictan to conaitute a unifmm securitq instrument oov~eriaa
ceai property. 'ITris Mortga~e d~alt be aoverned by the 1aw of the jw~sdiction in which the Pmperty is located. In t6e
event tbat any provi:ion or clause a# this Mortgaae or the Note co~dticts with applicabk law. such conflict shail not atfect
othe~ provi:ions of this Mortaage or the Note which can be given etfect withoot the oonflicting provision, aad W titii~s
a~d the provisions of the Moitgase and the Note arc dectarod to 6e severabk.
lf. torrowe~'!r Cq?~• Borro~wrr sh:ll be furnished a confom~ed oopy of ihe Note and of this Mortgage at the time "
of eatecution or aftet t+ec~rdatiou her~eof.
_ 19. 'l~ter et tre ira*e*t~: A~a~tlo~. If all or s~ny part of the Property or an interest therein is sold or transfarned
bY Lendet's prior written con~ern. ea~ciuding (a) the cnation of a lien ar encumbtance wbordinate to
this Mortgaae, (b) the c~+e~ation of a purchase money aecurily interat f~ ho~ud~old appliances. (c) a transfer by deviee.
descent or by operatiqn ot law upon the death of a joint tenaat or the gnnt of a~y kasehold iMerat of thrce years or kss
~ot containins an option w purchasa. Lender may. at Lender's option. aeclare di the sums sxurod by t6is Mortgage to be
immediauly due aad payabk. I~enda shall have vraivod wch option to aocekrata if. prior to the sak or tnrafer. Lender
and the peraon to whom the Pfoperty is to be sold ar transferred reach ~greement in writins that the credit of wch p~rson
is satistactory to I,ea~der aod t6at the iaterat payabk on the sums socured by this Mortga~e shdl be at such nte as Lender
s6~11 requat, lf i~eader has araived tLe option to aoodcrate provided in this p.ragraph t7, and if Borrower's s~xoasor ie
interest has e,~ecuted a w~ritteo as~nption a~r+eanent accepted 'm writin~ by Leuder, La~der shal! rekase Borrwver fran all
o~iaations uoder tbis Mort~e and tbe Nae.
If I,enda e~a wch option to ~coelaate. I.ender shalt mai'1 Bo~ notioa of acxekration in accordance with
. angraph 14 hereof. Stich ootioe shap provide a period of not tas than 30 days fro~n the date the notioe is mat'led within
•hi~h Borruwer may WY tl~e sums declsrrd due. if Borrow~er fails to pa~y ~ch sun~ prior to the eacpintioa of such period. -
::,,.ler may, withaK further aotioe ~ danand on Borrower. invoke any remedia permitted bl? Paragraph 18 hereof.
• Norr-Uxr~~r Cavex~rrrs. Bon~ver and Leoder furtl~er oovenant ar~d aaree si fdlo~s:
1a. Aeeelaatio~ Re~eiks. B~t a~ ~Ya! i¦ wa~n*i 17 ~aeof, ~ow ~orn~wei'a 6reacr ot snr ce~eart ~
~eaest ~t Senower i~ liis 11~e, Lcl~i~ d~e oora~afs to pf wUe~ i~e a~pr ~ws tec~si by tN~ Mortp~e. I~ier
lrior ts aaeia~atla~ sbi ~~ofks 1~ ianower r~oriiei i~ Ars~a*i l4 Lerest s~ee~'i~ (1) t~e inae~ (2) tie aeties
re~ r c~c s~ iRael~ p1 s i.fe, .ot te~s ai.. 3~ d~qrs troa d~e ~aee ue .ofioe M..ie~ ~s sorrs~.er, i~j w~id~ s.e~
hesei w~t ~e c~ aei (4j ~at taWre t~ c~re ~~ci M~esel~ o~ or 6efore tLe i~fe ~eei~ei i~ tre ~oli~~s ~ r~it ia
aoceleraliw ot ~e w¦s sea¦+ei 6!' Wi 11l~e+ t~~edewre b! ~iieY ~ si p4 et t~e ~'ro~et~r. 'ltit ~otioe
aWll tielrer i~toes >oenwer ot ~e et~t te ~Me aM~ sa~da~tl~ a~ ttie ei~t la are~t i d~e hncMwro waeeeis
~e ~le~ee ~t a ~etsrit K anr ot~ ~dere e[ eorrow~er 1a s~cdee~fo~ ~i toriel~aa~e. ~ 14 M~s~el~ b Mt c~rei ~
or ieEere tie i~l~ ~~eeiiei l~ 1ie sotiee. I.eaier ~t I.esier'~ o~tio~ ~aq red~re a~ et tre w~ ~ec~eei Iq ~is MM~~p to re ~
bse~lelf it a~i ~qa~ie wMro~t tti~ttiet ie~i ~i wq ta~eelo~e ~ Mo~e b~ }ikirl wroeeiY~. I.e~ier ~Yi
b. ewteei a e~d ti. wei ~oee~t.~ a~ ~es ot teredawn. bebi(.~. i.e ..t r.iiei 1.. t~e~iM ~aese~'!s t~eat.
a~i e~i~ ~t ia¦~w4e~r e~iiae~, ai~eb s~i ~e ~+epMlr.
lf. l~n~wMe's 1vdM M 1viMale. Ne~t~it~standin~ I.eadet's ac~uion ot the waos aecured bp tbit Mortp~e,
Borraw~r ~all bav+e ths riiLt to 6sve aay ProceedinEs be~ua by Leader w eaforoe thi~ Mortp~e diaoon6nued u aap time
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