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Leader's wcittea ~roemeat or. applicabk 1~w. Bormwe~ ahall pay tbe an~ouat cf ~Il mort,~a~e ~ownace premiuaa~ ia tbe
muu~er provided w~de~ pa~nph 2 hereof.
Any amouots disbuned by i.rnde~ porsuant to thi~ psn~raph 7. with iaterat thereun, shall becane sdditiond
indebtednas of Borrowcr secured by this Mortga~.~ Unkss 8ormwer and l.ender saoee to wher tecaas ot paymeat, wch
amounts shall be payabk upoe ~wtice from i.ende~ to Bortowe~ requestini paYment thereof. and shall bea~ interdt h~oan the
date ot disbursed~ent st ihe at~ payabk from time to time on outttandin~ principal ~mder the Note unku pa~t ot
interat at :uch nte vrould be contrary to applicabk Iaw, in which event auch amounb shall beu inte~eat at the hi~at rate -
pernnis~ibk under applicabk law. Ndhi~g contatned in this pangraph 7 shall requi~+e i.e~der to iacur any expeo~e or take
any action het~euoder. ~
tr~cetie~. i.ande~ may makc ~r cause to be made reasonabk entrias upon and iospoctions of the Aroperty. p~avided
that i.ende~ shall givo Horrower notice prieu to any such inspection spocifying re~onabk cause tharetor related to Lender's
interat in tHe Property.
~ 9. Co~deww~do~. The pn~ceeds of any award or claim for damages. diroct or conseqoential. in oonnectio~ with any
co~demnation or dher taicing of lhe Property. or patt thereof, or for convoyance in lieu of condemnatiou. are hen~by assigned
and shall be paid to L.ender.
, in ihe event of a totil taking of the" PropeNy, thc proceeds shall be appl:ed to the sums xcurod by this Mortgase.
with the exvess. if any, paid to Borrc~wer. in the cvent of a partial taking of the Property. unless Bomower and I~ender
otherwise aara in writinR. there shall be applied to the sums secured by this Mortgage such proportion of the proceedt
as is eqwl to that proponion which Ihc amount of thc sums sxurcd by this Mortgage immediatdy prior to the date of
takina beaa to the fai~ market valuc of the Prapcrty immediately prior to the date of taking, with the balance of the ptooeeds
: paid to Borro~er.
if the Property is al~andoned by Borrower, or if, after notice by Lender to Bon+~wer that the oondea~wr offers to malce
an award or settk a claim for damages, Bomower faik to respond to Lender withi~ 30 days after the date such notice is
maikd, Lende~ is authorixed to colkct and apply ~he proceeds. at I.e~de~
s option, either to restontiort or repair of the
Frope{ty or ta the sums secured by this Mongage. -
U~less I.ender and Borrovrer othetwi.~e agree in writing, any such application of proceeds to princip~l shap not extend
or postpone the due date of the monthly installments referr~cd to in pangraphs 1 and 2 hereoE or cha~ge the amount of
such installme[~ts. .
1~. ' Eo~rower NM Rela~ed. Extensio~ of the time for paymrnt or mod'dkation of amonization of the sums socu~+ed
by this Mortgage gtanted by i.ender to any cucccs.wr in interest of 8orrower shall not operate to reiesse, in any manner.
the liability of the original BoROwer and Borrower's su~^ces.wn in interest. Lender shall nM be requircd ta commence
proceed'mgs against such succasor or refuse ti+ ectend time for payment or otherwise modify amortization of thr .+~ms
securod by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interect.
ll. For6eara~ce 6~r I.e~der Not a W~iver, Any forfiearanct by I.ender in exercising any right or remedy hereunder, or
otherwix afforded by applicabk law,. sball not be a waiver of or proclude the exercise of any sach right or remedy. _
The procurement of insuranoe or the payment of taxes or other lie~ or charges by Lender shall not be a waiver of Lender's
right to accekrate the nnaturity of the indebtedness secu~+ed hy this Mortgsge.
12. Res~cdies CaNOhNra Ali ~med~es pmvided in this Mortgage are distinct and cumulative to any o~her right or
remsdy under this Mortgage or atforded by taw or equity, and may be eacercised concurneotly, indZpendently or successively.
: 13. Srecea~ors ~ AsiR~s Eon~d: ]oiat aed Sereral i.ia6iYty; Ca*tioss~. The covenants and agreements herci~
contained shall bind, and the rights hereunder sball inure to, the respecti~oe se~cccssnn~nd assigns of Lender and Borcowet.
subjxt to the provisions of paragraph 17 hcreof. All covcnants and agroements of Bortower shall be joint and several.
The captions and Meadings of the paragra~hc of this Mo~tgage arc for convenience only a~d are not ta be used to
interpret or define the provisions heroof. _
14. Notke. Except fw any notice rcquircd under applicabk law to be given in another minner. (a) any notice to
- $orrower ~vided_ for in this Mortgage shail be given by mailing soch rwtioe by cenified mail addrGssed to Borrower at
the Property Addrcst ot at such other address as Bormwer may designate by notice to T.ender as provided hercin, and
(b) any notice to Lender shall !x given by certified mail. retum reoeipt requested. to LEnder's address stated herein or to
such other addr+ess as Lender may designate by notice to Borrower as provided hercin. Any notice provided for in this
Matgage ~all be dcemed to have bcen given to Borrower or l.ender when given in the manner designated herein.
; 1S. U~on~ Morq~e: Go~e~aiu~ i.arr: Severability. This form 6f mortgage rnmbines ~oiform rnvenants for national
uae and non-uniform coveoants with limiteel'variations by jurisdiction to constitute a uniform security instrument oovering
real property. 't1~is Mortgage shall be ~overned hy the {aw of the jurisdiction in whicb the Property is located. In the
ev~t that any provision or clause of thic Mortgage or the Note rnnflicts with applicabk law, such conflict shall not affect
other provisions of this Mortgage or the NMe which can be given effect without the conflicting provision, and to this
; end the provgiona of the MortgaEe and the Note are Jcclared to be severabk.
' lf. >on~uwe~'s Co~y. Bornowe~ shall be furni~hed a confornxd copy of the Note and of this Mortgage 'at the time
of ea~ceution or after rocordation he~eof. ~
17. 7~a~fer ot tre tropatr; Assowptiow. if all or any pan of the Property or an interest thercin is sold or transferred
by Bo~rower without L.ender's prior written consem. excluding (a) the creatan of a lien or eocumbrance subordinate to
~ this Mortgage. (b) the creation of a E+urch~a money security interat for household appliances. (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or (d) the grant of any kasehold interat of three years or kss
not containing an option to purchaae, Lender may, at Lender's option, declare all the sums socured by this Mortgage to be
immediatdy dne and payabk. Lender shall have w•aived wch option to secekrate if. prior to the sale or transfer. Lender .
and the peraon to whom the Property is to be sold o~ transferned res~h agroement in writing that the credit of such person
is satisfactory to Lender and that the intcec~t payabk on the sums securod by this Mortgage sfiall be at such rate as Lender
F shall r+equat. If i.ender has waived tbe option to accelerate provided in this paragraph 17, and if Borrower
s successor in
interat has eaecuted a writtrn ass~ttnption agrcement acceptod in writi~g by Lender. I.eoder shall nlease Borcower from all
obligations under this Mortgage and the Nae.
If I.ender exercises wch option to uakrate. Lender shalt mail Borrower notice of accekration in accordancc wi~h
puaaraph 14 heteof. Such notioe s1~a11 prmide a pe~iod of not less than 30 days from the date the notice is mailed within
which Borrower msy pay the wms declarod due. if Borrower (ails to pay wch sums prior to the expiration ~f such pericd,
I.ender may. witlwW further notioe or demand on Borrower: invoke any rcmedia permiried bY paragraph 18 hereof.
Not+-Urrtro~~ Covexexra. Borrower and Lerdu further covenant and asr+ee as follows: ~ .
ls. Acedaatlo~ Rerc~t ~ce~t as ~roriiei b prapa~i 17 4~eot. ~o~ Son~rwe~s be~ei uE aq co~ewt or
ap+aae~t d 1on~awer i~ ~it Ma~~a~e. ~ 1ie core~ls to p~ whe~ ~e ayr sw~s set~rea b~ tN~ Mort~e. i.ssder
~rior a senkra8e. ias.ai.ouee !01o~t+u..er as ~e~s.Hca h~..a~.a~Y 14 ~eot ~edt~ tl) ttie ere.eM: c2) the sdio.
n~i+ei io e~+e ~i Meaetii ~ ire, ~ot fas t~ 3~ da~s tr~ tl~e i~1e tlrc ~otke i~ ~lei b~ ~ower. by ~rbk6 sse~
ieeaer ~t ie e~a~ asi t~at faiMre io a~rs sreM weaeb o~ or ~ae t~e iate s~eel~ i~ tl~e ~wtiee aay n~it i~
socderaei...t Ire s.~t r.e.ee~ b~ ~ Mo~e, to~alo~sre b i~ici~l ~eaoa~i a.i sale ot n~e ho~erq. 7tie .afee
s~i t~rfrer i~to~ ~one~wer ot tie ri~it b~e afta ~e~oa asi t~e .rI~M ia are~t h ttie foredowre ~roe~eii~
~Ol~l~O! ~ S ~lla~ Of ~ O~lf ~!M! O~ SOf~'OwK /0 S!t!Il~~ ~~0~0/~fl. N fti! M+bt~ ~~d C!~ N
~ betore ttie iale qeetiei i~ tre ~wfke, Le~kr at i.eeae~s o*tio~ ~ay aeehre a~ d tre a~ sea~n+ei i~? tYs Mafaa~e b re
i~ae~ei~ i~e a~i ~ile witro.l t~rtiier aeoana aaA e~ f.redo.e tW 1Ne~e b i~ !~R• Leader sMaD
6e aNtlei a eoaed i~ wer ~e~sceei~ a~ es~e~a of roreclwwe, i~ti~¦b ~.e ..t ~f/ei a, e~e.re..Me anurae~'s fees.
a~i ~oMs d~e~afar~ s~Yesoe, artrscb a~i tltle rep~ts.
~ 1!. 1~et~owers 1tt~Mt N Rd~ats. Notwithst3nding Lende~s aaekration of the swru stcured by this Mort~e.
Bocr~o~ver s6aq b~ve the ri~tu to have any pmcceding,s begun by Ls~ to enforoe this MoRpge discontinued u any time
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