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Lcnder's writta~ aaresmeat or applicsbk law. Borrowe~ shall psy the amount ot all mortgage u~surance prcmiumt in /he
maane~ providod u~ Pua~rsPb 2 heroof.
Any amounts ~sMu:ed by t_enJer pyrsuant to th~ paragraph 7, with interest thereon, shall become additional
in~kbodness of Borrowcr secund by ~his Mongagc. U~lecs Borrower anJ 1_enJcr agrec ta othe~ temu of paymeot. such
amounts shall be payabk upon nMicc frotn I.ende~ to Borrowcr requesting payme~t thereof, and shatl bear interest from the
date of d'esbu~sement at the ratc payable (~om time ta time an outstanding principal under the ~lote~ u~less paymeat of
interat at such nte would be cootrary to applicable law, in which event such amounts shall bear interest at the highest rate
permim'bk ~mder applicabk law: NMhing cc~nlained in this paragraph 7 shall rcquire i.ender to incur any expense ot take
any action het+eunder. `
S. Ia~eetiN. l~nder may make or cause to he made reaconable entriec upon and inspections of the Praperty. provided
that I.eoder shall Sive Borrower nMkc pri~•r to any such inspection specifying rcaso~abk cause therefor related to I.ende~'s
inteml in the Property. • -
9. Co~ie~atLw. The proceedc uf am award or claim fo~ damaees. direcl or rnnuquential, in con~xction with any
condemnation or aher takins of the Pmpeny, or pan t?~en-of, or for c~~nveyance in lieu of candemnation, ar hereby assig~od
a~d shall bt paid to Leoder.
In the ereM of a tdal takine of the Pmpcrty. ~he prckcedc chall hc applied to Ihe sums secured by thic Mortgage.
w~ith the eccess, if any, paid to Borrower_ In the event ~~f a partial takinR of the Property, unless Borrower and I.ender
cuherv?ise aEree in writing. therc shall be applied to the ~ums securcd hy~ thic Mortgage such proportion of the praceeds
as is eqwl to that proportion which the am~~unt ~•f ~he sum~ secured hy this Mortgage immediately prior to the date of
taking burs to the fair mukN vatue of the Propeny immediatel~• prior to the Jate of taking, with the balance of the proceeds ;
paid to Bortuw~er. 's
If the Proptrty es abandoneci by Bcurower. or if. after no~ice by l.ender to Bormwer that the condemnor otiers to make
an award c?r xttk a claim for Jam•r~, Borrovirer fails to r~~~nd to Cender within 30 days afte~ the date such notice is
maikd. Lend~r is autlxxired to rnllect and apply the procecdc. at l.ender's option, either to restoration or rcpair of the
Property or to the sirtns secured b~~ this Mortga~e.
Unkss Cender and Borrower othenviK,agrec in wriling, an}• ~uch application of prcx.~eeds to principal shall not extend
cx postpone the dur da~e af the monthh• installmcnts referrcd to in paragraphc 1 and 2 hercaf or change the amount of
such insulime~ts.
• 1~. earrower NN Rekascd. Extension of the time for payment or modification of amortization .of the sumc securcd
by this 114ort~age gnnted b~ I.enJer to am cucccctar in intcrc~t af Borrow~er shall not o~x:rate to release. in any manner.
the liabilit} af the original Borrower ~nd Rc~rrow~cr ~ succesu~r~ in interest. l.ender shall not he requircd M rnmmence
prooeafings agair~st such sucY~sor or rcfuse to ertenJ time for payment or othervvice modify amortization of thr .ums -
scrured b~• this Mortgage by ~rason of am• demand made b~• the arieinal Rorrower and Bormv?er s succe~ors in in~crest.
11. Ferieara~ce ti I.esder 1\Mi Wai~•er. Am~ fc?nc~arance by i.ender in crcrcising any right or remcdy hcreunder, or
otherwise afiordod by applicahk law. shall not be a waiver of or preclude the exercise of any such right or remedy_
The proci~rement of insunnce or the payment of tases or other liens or charges by I.ender shall not t~e a waiver of I.ender
s
right t~~ accekrste the maturity of the indeht~~dne~s cecurcd h~~ thit Mortgage. _ ~
12. Re~e~'ies C~w~ite. All remedies pmvided in this Mortgage are distinct and cumulative to any other right or
rcme.fi u~der this Mortgage cx affordrJ M~ lau~ or eyuit~•, and may be exercised concurrcndy, independently or successively. i
13. S~ccessors a~ Ass~s Eound: ]oint and Sereral i.iab~'lity; Captions. The cavenants and agreements herein ?
contained shall bind. and the ri~hts hereunder shall inure to, the respective successorc and assigns of i_ender and Borrower_ j
subject to the provesions of p~ragraph 17 hrrcoL All cavcnants anJ agreementc of Borrower shall be joint and sevcral. `
'il~e captians and h~adings of the paraeraphc of this Morlgage are for convenience only and are not to he used to
interpret or define the provicionc hen~f.
14. leotice. Eccept for any n.uire rcyuired under applicablc laa• to be given in another manner. (a) any notice to
Bonower provided for in this Martgaee shall be given by mailing such notice bp certified mail •addressed to Borrower at
the Property Addrcss or at such othcr addrec, as &~rrnw~cr mav designate b~• notice to T.ender as pmvided hercin. and
(hl am- notice to Lender shall he given b~• certifk:d mail, retum receipt requested. to I.ender c adJress stated herein or to
such other address as Cender ma}~ decignate M• rx~tire t~~ Be~rmv?•er as pm~•ided herein. Any notice pravided for in this
Hcxtgage shall be dee~t~d to havc been giecn to E3c?rrowcr or I_cnder when given in the manner designated ~erein.
15. U~ifor~ :Nwt~a~e: Goierniu~ Ian; Se~~era1?ilil}•. Thic form of mortgage combines uniform covenants for national
a~se and non-uniform corenanh w~ith limite.l v~riation~ M• juritdiction to constitute a uniform security instrument covering
teal property. This Mortgage sh:ill be go~•erned h~• the law• of thc jurisdiction in which the Property is la:atcd. In the
event that an}• provision cx clau~c of thi~ Mortgage rr the Note rnnflicts w•ith applicable law, such conflict shall not afiect
' othe~ provisions of thit Mortgage ur_the Notc v?hich can be given efTect without the conflicting pmvision. and to this
; e~?d the provisions of ihe Mortgagt and the V~ite arc .kclarcd to be severable.
! 16. SonuRe~s Copr. Bormwer ~hall t?~ furni.hcJ a rnnformed copy of thc Notc and of this Mortgage at the time
of exc+cution or after recordation hereof.
~ 17. T~aatifer of ttie Troperic; Aswmplion. If ali ~~r an}• part of the Prc~perty or an interest therein is sold or transferred
by Borrovrer without [.ender's pnor w•rittrn cunsent. e~duding lal the crcation of a lien or encumbrance subordinate to
this Mortgage. (bl the crration of ~a (~UfiF1:14: m~~ne~~ ~ecurit~• mterest for household appliances, (cl a tran~fer ht devise. t
descent or by optration of law• upon the Jcath of a ju~nt tenant or fd? the grant of any leaschold interest of threc pcars or Iess ;
not containing an option to purchase, Lender ma~•. at Lrnder'~ option, declare all the sums xecured hy this 117ortgage to f~e #
immediatdy due and pv}able. Lender shall ha~e w~ai~•ed ~uch option to accelerate if, prior to the aale or transfer. I.ender
and the person to whom the Property i: to tk so1J ar transferrcd reach agreement in writing that the credit of such person
is satisfacton to LenJer and that the intere.t pa~•able on the sums secured b}• thic Mortgage shall be at such rate ac l.ender
shall rcquest_ lf t_ender hu waired the option to accelerate pmvided in this paragraph 17. and if Borrower's successor in
intercst hu eaecuted a xritten assumption agreement accepted in writing hy I_ender. Lender shall release Borrower fram all
obligations under this Mortgage and the Note.
If Lender exercises wch option to accelerate. LenJer tih•rll mail Borrower notice of acceleration in arcordancr H i~h
puagraph 14 hercof. Such notice shall provide a pericxi of not less than 30 days from the date the notice is mailed within
which Borrower may ~y the wms doclared due. If Borrower fails to pay sucfi sums prior to the eapiration of cuch period.
~ Lender may. without fuRher notice or demand on Borrower, invoke any remedies permitted by paragraph 18 herrnf.
= Now-Ux~roRtK CoveH~rrrs_ Borrower and I_ender further covenant and agree as follows:
~ li. Aeede~aR~C Re~edia. Facept a6 prorided in pa~raph 17 hereof. uPon ~orrower's breacl~ of aay covenant or
~ . apes~ert of i~r~+?u i tris Mor~e. Lcludieq~ t6e co~enants to pay whes doe sny soms secored by thLs Mort~a~e. Lead~r
~ ~ior M accelerario~ sia~ ~ai ~otlce M dorrower ae prarided fe para~np6 14 bereot specK~: (1) t6! b~+esc6: (2) t6e sctioa -
~ rq~ire~ t~ c~re s~i ~rrae~ (3) s da~e, not kss t6au 30 days from tbe date the nMice is maikd to Borrower, bp wl~ch suc6
~reac~ d ~e c~~ a¦i (4) trat faaih~re to core sach bresch o0 or before the date speci6ed ie tbe aotice may res~dt ia
f
accdaatio~ ~f be s~s sec~ed by t6is Mo~sge. forecbsurc by jodic~ proceedioa ~d sale of t6e Prope~. 'Ibe ndice
~ f~rtrer i~fo~ ~rswer of t~e riRM to reiastate aHer accckratioe and the ri6ht to as~ert in tbe [oreclosnre pruceedie~
1ie ~o~-e~e~ee ~f s ~da~lt er a~ otrer defe~e of Eorror?er to sccekratioe aad foreclowrr. If t6e bre~c~ is oot e~ed os ~
or iefere Ire iaie s~ciie~ ~ tie ~otiee. Lender at I.ende~'s opibn may declare aH of the soms secrred by tl~h Mort~e to be
~ ie a~i p~aYe witio~t frr~ber dem~nd and may forccbse t6js Morf~ase by jadicW rroceed~~qC• Lender shall ~
be atiitlei M caieet i stti ~neadi~ all upcases of forecbsore. ioclndioa, bot aot ~mihd t0. reasoaabk attoraey's fta. ~
a~i c~sts ~f i~ eri~e~ee, ab~t+xts aod title reporls. ~
1~ ~wee's 1t~t N Rei~stste. Notwithstanding I.encier
s accekration of ihe sums secured by th~s Mortgage, {
8orrawer shall have the risht to have any proceeding.c begun hy Ixnder to enforce this Mortgage discontinued at any time i
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