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Lender's vrritten ssreemeot or applicabk law. Botruwe~ shall pay the ~amount d sll mocta~e iasunace ptsmiumt in the ~
msene~ provided unde~ para~tsph 2 heroot.
Aoy amounts disbuned by Le~de~ punuant to ~his psraj~aph 7, with itUerest therooie. shall become additiooal ~
indeb~edneu uf Borrower sccurcd by this Mon~aae. Unless Bwrowe~ and l.ender atrce to othe~ terms oI payd~ent. such -
amamts shall be payabk upoo notice from I.tode~ ia Bo~rower rcquestie~ payment thereot, and shall bear inte~est from the -
date of disburae~e~t at ehe rate payabk tmm time to ~imc ~~n a~~:tandina p~incipal uode~ the Nae unkss paynxnt of
ioterest at such nte would be conlnry to applicabk law, in which eve~t such amouets shall bea~ ioterest st the hi~hat rate
permissibk u~der applicabk law. Nothing contained in thic pangnph 7 sha13 roquioe ~.~nde~ to incur any e~acpen~e ot idte
any actioo hereunde~.
a. I~eetio~. i.ender may make or cause to be made reasooable entties upon and i~spectioes of the Props~ty. ~+rovidtd
that Lende~ s!?all give Borrowe~ ~wtice p~io~ to any such inspectioo specify+na reasonabk caux thercfor related to I.tnder's
interest io the Pwperty. -
9. Coadt~tios. The prc+ceeds of any award or claim for damaga, direct or consequential, in connection with any
condemnation or othe~ takina of Ihe P~ope~ty, o~ pan thereof, c?r far convcyance in lieu of condemnatian. are hertby assiaoed
a~d sha11 be paid to Lender. ~
in the eve~t of a total taking of ihe Fr~perty. the proceeds chall be applied to the sums securcd by this Mortaaae.
with the ezcas, if any, paid to Borrower_ I~ the event at a panial taking of the Property, unless BomoM?e~ and Lendet
otherwice ~ree in writing. there shall be applied to Iht sums secured by ~his Mortgage such proponion of the proceeds
as is equal to that proportion which the amount ot the sums secured hy this Mongage immediately prior to ti~e d,~tC.ot
takioa bean to the fair mulcet value of the Propenp immediately pricx to the date of taking, with tlx balance d tl~e pt6cbds .
paid to Bornow~er. - - . ,
if the Property is abandoned by Borrowe~, or if. after notice by l_ender to Bonower that the condetian.x O1Fe~'s~to md~e _
an award o~ settk a claim for damages. Borrower fails ro rcspond to Lender within 30 days after the date such notice,is
maikd. Lender is authoriud to collect and apply the proceeds. at Lender's option, either to ratontian o~ repair at the ,
Propen r~`oi to the sums securcd by this Mort~tsge. -
Unless Ceoder and Borrowe~ othenwise agrce in v?•ritine. any such application of proceeds to principal shall not~ extend
or postpone the dut date of the monthly installments reterrcd to io paragrapfis 1 and 2 hereof or change the smount of
such installments.
lY. Sorrowe~ Na Released. Extensiort of tho time for payment o~ moditication of amonizatio~ of the sums sccured
by this Mortgage granted by I.ende~ to any cuccessor in interest of Borrower shall not opente to rekase. in any manner.
the liability of the o~iginaf Bonower aod Bc~rrower s successun in intercst. i_ender shal) not he required to commeoce
p~oceedings against such successor or rcfuse ta extend time for payment or othenvise modify amortiutien of the sums
securcd by thic Mortaaae by reason of any demand made !+y the oriqinal Bprrower a~d Borrower's successors io interest.
11. Fotbeuaaee ~ Le~er Not s Wd~er. An}• f~fiearance by I.ender io e~ercising any right or rcmedy herconde~, or
ofhervvix afforaed by applicable iaw, shall not be a waivcr oi or preclude the exercise of any such right or remedy.
The proc~~~ement of insurance or the payment ot ~azes or other liens or charges by I.ender shall not be a waiver of Lender's
right to areeknte the maturity of the i~debtedness cecured hy thic MoAgage.
12. Remedies CoanlMbe. All rcm~dits provided in thes Mortgage arc distinct -and cumulatire to any cuher right or
rcmeJy unde~ !his Mortgage or afforded hy law or equi~y. and may be exerciseJ cone~irrcnQy. independendy or succccsively_
13. S~cisssas ssd Asd~ws douml; Joint and Seven! iLbRity: Captions. The covenants and agrttments hercin
contained shall bind, and the rights hereunder shall inure to. the ~espcctive succeccc~rc a~d assigns of Cender and BorrowYr,
subject to the provisions of paragraph 17 hereof. All covenants and agreementc of Borrower~hall be joint and ~sevenl:
The captions and headings of the paragraphc of tfiis Monaage :~+e for convenience only and are not to be used to
interprct or define the provisions hereof.
14. NMicc. Except for any notice rcquired under applic~ble lavr to be given ~n another manner. (a) any notice to
Borrower provided for i~ this Mortgage shall be given hy maili~g cuch notice by cer~ified mail addressed to Borrow~er at
~ the Property Address ar al such dher addrecs as BorroNer ma~ designate by noticr ta I.ender as provide3 herein, and
~'I (bl an} notice to Lender sf~all be giren by cer~ifxd mail, re~um recc~pt requecteJ. to 1 endtr~ address statrd herein ~r to
cuch ~ther a:ddrtss as Lcnder ma} designate by notice to Barmvver as p~midrd herr~n. An~ nMice provideei for in this
I M~rtgage shatl be deemed to have been given to Borrower or I.cn~er when g~~•en in the manner designated herein.
~ 1S. Uniforw Mori~a~~; Governin~ I.aw: Severability. Thi, (orm of mort~age combines ~:mfor::~ rovenanrc for natiunal
~ use and non-uniform coven~n~s with limited variatic?ns hy ~uri:sl~cti+m to constitute a uniform securih• inttrument cc+vering
I rcal propeny. This Mortgage shall be governed hy ~he law• uf the jun.dicti~~n in a•hich the PraQerty is Icxated In the
~ tvent that any provision or clau~e of thic Mortgage nr the Nute conflic~s v?ith applicabk law, such conflict chall not atfect
Mher provisions of this. Mortgage or the Note which can be given eftect with~ut the conflicling pmvicion. and to this
~ end the provisions of the Mortgage and the '~lo1e are Jeclared to tx ~everable.
16. So~n+wer's Copy. Borrower shall be furnesheJ a conformed copy of ~hc Nofe and of this Mortgage at the time
of execution or after rcccxdation hereof.
17. Tn~sie~ of tl~e ~optrty; Acsnmption. I( ali or am~ pan o( tht Property or ar ~nteresl therein ic s~~ld ur trancferred
by Borrower without Lender's prior wri~ten ronsent. e~ch~ding lat the crcation of a!ien ~x en.-umbrance subordinate to
~his Mortgage. (b) tht creation of a purchase money ~ecunty ~n~erest for household -a~pliar,ce~. (cl a tran~ter ny a~~~.
descent ur by operation of law upon the dea~h of a jo~nt tenant or Ic1~ the grant of any Ieaseh~:ld interest of three years ~r less
not containing an option t~~ purchase. l.ender may. at Lender'. opt~~~n_ declare all ihe a~imc cecured hy this Mortgalte to be
immeJiately due and payabtt. i_ender sfiall have ..~~ived such option tc accelerate if. pricr to the .ale or transftr. ! ender
and the person to whom the Property ic to be so1J or trans(erred rcach agreemen~ in wriung that ~tk credit .~i wch peROn
is satisfactory to I~nJer and ~hat the interest payablr on the sumc secured by this 111or~gage thall be at surh rate as I_ender
shell rcquest. If t.ender has waived the option to accelerate provideJ in this paragraph 17. and if Borrower's s~zrcessor in
interest hac executed a written aswmption agreement accepted in writing by I.ender. I_enJer ~ha!i releatie Burrower from all
obligations under this Mortgage and the Nota
If [_ender exercises such option ta acceferate_ I.enJer ~hall mail Barrovve~ notice of sccekration in acc~~rdance wilh
paragraph 14 heroof. Such notice shall provide a per:a! ~f no~ less than i0 days from the date the notice is maiied ~vithin
which Borrower may pay tht sums declarcd due. If Borruwer failc to pay ~uth sums prior to the expira~:on ~•f ~u:h period.
~ Lender may. wi~hout furthe~ naice or demand un liorrvv?er,-invoke any remniia permitted b)~ paragraph lK hereof_ -
NoH-UH~FO+ent CovENetuTS. Borrower and I.ender further co~enant and agrce as follows-
18. Accekntion; Re+nedks. E:cept ~s prosided !a para;rapb 1~ bersof. ~poe darrowers breacl~ of ~ay coreaaat or
a~reemeat of ~orror?e~ iR tbis Morf~e, i~stsdin~ the coren~Ms to p~~ w6c~ dre asy snn~ sec~red by t4k Mortfa~e, [.e~der
prior tQ sccekntion sMaN ras0 ootice to Sorrow~er at provided in psra~npl~ 14 6~reof specityfs~: (1) tbe bKacb; (2) t4e sctioe
regaired to s~r~e soc~ 6reac6; (3) a d~te, sot less tbaa 30 dsys trom tbt date tbe aotice b ouiled ts Sorrowe~, dy ~Micl~ s~
breseh mwt 6e crred: aed (4) Uut tdl~re to con s~ecb ~eacl~ os or before tbe aate specilied i~ tre ~otke ws~ rrsrlt Ea
sccderatio~ of ti~e saa~s scc~ed by d~is Mo~a~e. foreclosure by jodkial proceedin~ sod s~le o( tbe Property. 7~e ~atiee
sbaq forther iaforw~ ~orrower of tbe ~M to reiaitste ~Ier sccekratioa sad tbe ri~t lo arert in tbe fonclowre p~oeeei~
tbe ~os-exietaKe oE s dets~lt o~ any oti~ defense of Sorrowtr to accek~atiow ~ toreclosrre. If tbe ~ireseA is ~ot riaea ow
or beture tl~e date speci~ b tl~e aotke. I.euder N I.eoder's o~tbw!nay dechne aN d tbe s~ms scc~rei by trM Mort~e to be
'~cdistety doe s~d prabie witro~t f~utber aeiaawa a~d w~ torrclae thi~ Mort~a~e by j~iicW Koceedie~. i.esie~ ~all
•~Itled to ~coYset i~ ~ troceeai~ afl ez~era ~[oreclosrre, hel~~. bN wot Wdte~ fa. reaiowbie attor~ys fas,
costs of docs~tary erWe~ce. abstrscb a~i tlde eeprb.
19. dorrow~er's 1ti~Yt to Rei~tate. Notwithuanding Lender s accelerat~on of the sums securcd by this Mert~s~e,
Borrower shall have the right to have any proceedings he~un by Lsnder to enforce this Mort~aae discontinued at aoy time
aoox ~~i'~1 Pac~ ~02