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l.ender's writtea atrament ot :pplicsbb kw. Bonow~er stalt p~y the amouM o[ all ~aort~a~e insuraaca p~emiuan in the t
maaner provided uode~ para?araph ~ he~oo[. '
Ahy ama~nts @isburs~d by t.ende~ pursuant :o this pan~nph 7. with inta~cst thereon. shall foecon~e additional i
' i~ikbtedaess of Borrowcr secuoed by this Mortgage. U~kss Bor•ower and l.enJer agrct to other terms of payaAeM. wcf'. 3
amouots shall be payabk upan nc~ticc fmm I.~~cier to 8orrower.roqussting payme~t thercof, and shall bear intercst frum tha
date uf disbursement at tl~e rate payabk from time to time on a~tstanding principal uuder the Nde unkss pRyn~ent of ;
~ interest at such rate woold bc contnry ta applicabk law, in which event such amou~ts shall bear inte~est at the hiafiest rata ~
p~rmissiblF under applicaC:e law. Nc~ihing ~rntained in tiiis paragraph 7 shall requi~e I.ende~ to incur aay expea'e or iako ~
a~y action heheunder.
s. l~spectio~, i.ender may mak: ~r cause ta !+e made reasonabk crttries upon and inspectians :i the Property. provided '
that l.enckr sha11 give Bormwer notK^c p~iar ta any xuch inspeciion spaifying rtaso~abk cause theretor related to I~der's
interest in ti~e Property.
9. Co~dea~tba. 'Il~e prix~-dc of' any award cK claim to~ damaga. direct or con~eqoential, in connectbn with any {
condemnation or dher taki~g of the Property, ar part thercof, cx tu~ conveyance in lieu of condemnation, are hereby ascig~ed ~
and shall be paid ta I:cnder. ~
In thc event of a total taking of thc Pn~peny. thc pra.~cech :hall be applied to the sums s~cured by this Martgage.
with the excas, if any, paid to Bonawer. ln the event c?f a partial taking of the Property. unless Borrower and Lender ~
otherwise sgree i~ writing, there shall be applied to 1he sums xcured by this Mongage such proportion of thG proaeds
as is equa o t proportion vehich the amixint o( the sum~ ucurcd by this Mortgage immodiately prior to the date Of
taking bears to the fair market val~ of thc Pmpeny immediately priar to the date of taking, wilh the balaece of the pr~coes..k '
paid to Borrower. ~ ~
If the Propetiy is at?andor~l by Bormwc~. ar if. after'notice hy I.cnder ta Burn~ that t~ oondemnor offers ta make ~
an awa~d ar settle a Cl~j~n for dama~~c. B~rrower fail. lo re~{x+rtd ic+ I_ender within _ r the date such notice is
maikd, I~n~kr is authanzed to cc~llc:t a~d apply thc prcxecds, at i.endcr
s option. eit r t~ Lre;toratio~ ar repair of the
Properry or to the sums sccured M• thic ~~fortRag~:. ( -
Unless l.endei and Borrow~er c~tlierwrice agrce in u•riting, a~iy such application of prc~~eeds to principal shaq not extrnd
or postpone the due da~e of the monthh• inctallments rcfcrrcd ta in paragraphc 1 a~d : henof or change the amount of #
sur.h iostallments. • ' - (
!0. sorrower Not Rekised. E~nsion of the time for payment or madification of amortizat~on of the sumc secured
by this Mortgage granted by l.ender to am circ~,-ecu~r in intercct of Borrower ~hall ~ot aperate to " lease. i~ any manner, i
the l~ability of the origirial BoROwer and Bc~rmwer
e successc~rc in interest. Lender sha11 not be required ta rnm nce ~
proceedings againu such s`ucctssar or rcfuse to ectend time f~r payment or otherwise modify rtizateon of thr +~ms
securcd by this°Mortgage by reascx~ of am• demand made b~• the original Bomower and Borrawer
s saccessors in i erect.
l l. For~earsnce ~y [.enaK 1vo~ a wa~.~er. Any forhearancc b~~ I.ender in e!cercising any right or remedy hereu r, or
olherwise a}forded hy applicable law. shall not be a waiver of ar preclude the exercise of any such ri~tht or medy.
The procorement oi irnurance or the ~+:~ymrnt of taxec or other liens or charges by I_ender shall_oot t~e a waiver of ender's
right to acceleraie the maturity of the indebtednecs ~ecur+ed hy thic Mortgage.
12. Remedies ComahtWe. All remedies pmvided in this Mortgage are distisect and cumulative to any o~he~ right ar
remedy under this Mortgalte ar affordcJ h~• lav? ~r equity. and may be exercised concurrentlv, independe~tly or si ively_ -
13. Seccessors aad AssiRos Bound: ]oint aad Se~•era! i.eabilHy: C~pt{~. The covenants and agreement herein
contained shall bind, and the riRhts hereunder shall inure to. the respectie~e succecsors and ascigns of Le~der and Bo wer.
subject to the provisionc of paragraph l~ hereoL A!I covenanls and agreements of Borrow~er shall be joint and se~Yral.
The captions and FKadings of _the pa~agraphc of thic Mongage are for comenience only and are not to he ~Ked to
interpret or define the provisio~s Mrrnf.
14. Notict. Ezcept fur any noti~r rcyuired unckr applicable laN to be geven in another manner, (a) any notice ta
Borrower provided for in this Mortgaee shall be given hy mailing such notice by certified mail addressed to Borrower at
the Properly Address or at such other addrecc as Bormwer may designate by notice to I_ender as pr~viJed herein, and
(b) any notice to Lender shaq he Rivcn by rcnificcl mail. rctum receipt requested. to l.enders address-stated herein or to
such other address as Lender may desiqnate hy notice to Bormw~er as provided herein. Any notice pmvided for in this
! Mortgage shall be deemed to have heen gi~•cn to Bc~rn~wcr or Lend~r when given in the manner designated herein.
; 15. Uniform Mort~a~r. Govemin~ Iavs: Sr~•eraM7itv. .This form of maRgage rnmbines uniform covenants for national
'i use and non-uniform covenants with IimiteJ variations by juriuiiction to co~utitute a unifarm security instrument rnvering
~ reai property. This Mortgage shall be governed b~~ the law of the juriscliction in w~ich the Property is located. in the ~
f event that any provision or clause of thic Mortgage or the Note conflicts v?ith applicable law, such conflict shall not affect ~
~ other provisions of this Mortgage or the N~~te which can t?e giver. effect without the conflicting provicion, and to this
~ end the provisio~u of the Mortgagc and the Note arc dcclared to be severable_ ~
16. eorrower's Copy. Borrower shall tx: furnitheet a conformed copy of 1he Note and of this Mortgage at the time y
of ezecution or aRer recordation hereof. • e
17. Trander of tLe Property: Assumption. If ali or :.ny part of the Property or an interest therein is sold or transferred #
by Bonower.without Lender s prior writ~en cunscnt. excluding (al -the creation of a lien or encumbrance subordinate to ~
this Mortgage. tb) the creation of a~urch3ze monc~• c:.~curity interest for household appliances. (c) a trans(er hy devise. ~
descent or by operation of Tavi• upon the Jcath of a joint tenant or (dl the grant of any leasehold interest of thrce ycan or lecss
not containing an option tu purrhase, [_ender may, a1 l.ender
s option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender chall have Naieed such option to accelerate iE, prior to the sale or transfer. I.ender ~
and the person to whom the ProF~erty is to be ;oW ~~r transferred reach agreement in writing that the creclit of ~uch per~on
is satisfactory to L.enJer and that the in~er~~t pa~able on the sums secured by this Mortgage shaii be at u~ch rate ac Lender ~
shall rcqnat. If Lender haz waived the aption to accelerate provided in this paragraph 17, and if Borrower's successor in
interest hac eaecuted a written assumption agreement accepted in writing by [xreckr, Lender shall-4elease Borrower from all
obligations under this Mortgage and the l~iote_ ~ -
1f Lender exercisGS such option ta acce{erate. Leneler shall ma Borrower notice of lccelerati n in accordancr ~~h
paragraph 14 hereof. Such notice shal{ provi~e a period of not less th 30 d from the da th tice is mailed within
which Borrower may pay the surtu declared due. If Borrower fails to pay suc sums pria o the xpiration of cuch pericxl.
i.ender may, without further notice or demand on fiorrower, invoke any remaiia perm' ed by paragraph 18 herc.-of.
;
*iorr-UxtFOa~t CoveNertss. Borrower and Lender fnrther covenant and a as follows: ~
t 18. Accderatio~; Remedies. Excep as pro~ided io pa~a~rapb 19 he opoe Eorrower's breac6 of ay rnTeoaut or _ .
~ aareeoeet of ~orrower ii tYts Mar~s~e, iucludiu~ i6e co~eaants to pay wbea dee aay snms secered by t6b Mort~a~e. i.eader =
~ prior to scedera8oe s6aM ~ eotke to Sore~ower as pro~ided i~ para~rap6 l4 hereof apecffyi~: (1) tbe breac6; t2) tbe actbe <
reqairea ~ cors s~c6 brac6i a dde, aof less t6an 3A days from t6e date tbe ~otke is ma8ed to ~or~+ower. br ..i~ich sac6 ~
brac~ d~ut be corei; aod (4) sbat fa~are to eure soch brrsc6 00 or ~efwe t6e date speei6ed Io t6e aMice may raak ia ;
accekrsKos ot t~e ssss seerred by t6is Mort~e, fonciosnrc ~l' ~icial ~rocecdia~ ~ sak of f6e Troperty. 'Ibe aatice
s~l1 fart~er iaforn Borros~er of ti~e ri~61 to rei~stste d~er acceleratba snd t6e ti~t to a~aed in tbe foreclosare p~ocee~g
t6e oowt~ktewee d a dehsit as ~ay atber defe~e of Borrower to accekrst~w sod forscbwre. If We brescti is oot c~ed oe
or betore the dMe steeified i~ tbe sotice. Lender ~t i.ender's aptioa m~ deelane aA of tbt soms sec~ctd by th[s Mort~aRe b be ~
~ ~~~~r sna pysbk witboot fartber demand ~nd may foreclose t~is Mortaa~e br jud~cW ~roe~• Lender shaN ~
be ~ to colket ia s~ proeecdin~ aY e:penses of f~.~reclosore. ioclgdlo~, bot ~ot Woited to, rea~able attvrnr~'s fees.
~ aed a~osfs of doca~ e~Weaoe. abstrscts aRd litk reports.
1~. Don~owec's Ri~t to ReLsfate. Notwithstanding lxnder
s acoekration of the sums securod by th~s Mortgage,
~ Borrawar shall bave the right to have anY proceedings hegun by i.ender to ~foroe this Mortgage discontinuod at aay time
BOGK ~7 d PAGf p~ ~