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1-cn~kr's writtco agreemcnt or appGcablc I~w. fi~rrower shall pay the amuunt uf all murtgag~ insurance p?~rmiunu ~n the
manner pmvidcd undrr paragraph 2 hareot.
Any ami~unts distx~rsed by l.cmier punuant a~ this par~graph 7, w~ith intcnst therron, shail hecome additional
inJebledtx:s~ of tiorrowcr securcd hy this Mort~;age. Uiile~~ Bl~fft~NCf and I.ro~h:r agree to other terms of payment, such
amounts shall hc payahlc u~um no~icc from I.endcr ~i~ Burrowrr ~ey?nsling p•rymcnt thereuf, and ~hall bea~ interest fmm the
datc of disbursement at Ihc ratc payablc fmm timc tc~ umc un outstanding principal under the Note unlcss paymrnt of
interest at st?ch rate woulil t~e conlrary ~o applicable law, in which evenl such amc?unts shall t+ear iMerest at th~ highest rate
permissible under applicahlc law. Nulhing a~nt:~ined in this paragraph 7 shall requirc t.ender lo incur any expense or take
any action hcrcundcr.
8. Inspectioa. I.ender may male ~~r ca~~~e to t?r made reau~nable eniriec upc?n ~nd incpectionc of the Property, provided
that l.ender shall give B~~rrower nuticr pri~~r tu any su~h ins~xction ~pecifying nnasonable cause therefor related to l.ender's
intcrcct in the Pro~x:rty. •
9. Cot~demnatlan. Thc pnk~rJ. ~~f an>~ a.~:~rd ~~r rlaim f~r dama~cs, dirrct or c~~nccGucntiat, in connectian with any
condemnation or ather ~aking uf the Pn?perty, ur part thcre~~f, or for r~m~~ryancc i~ licu of condemnation, are hereby as~igned
and shall bc paid 10 l.endcr.
In Ihc event of a t~?t.~) laking of thc Pro~x~ly. Ihe pnkcrJs ~hall tx: applic~l to Ihe sums secured fiy this Mortgage,
with thc crccss, i( any, paid to Bo~ruH•cr. ln the ~vcnt ~~f a p:~rti~l taking ~?f the Property, unlcss 13arrower and I.eoder
~~thCrwi.e agree in wri~ing. therc shall he applird tc~ thr .~~mc kcure~! b}~ thi~ M~rt~age such proporticm oF the proeeeds
as is cqu~l t~ that pn.Ex~rtiun Hhich ~hr amow~~ ~.f ~h~ cum< «tinr~d h}~ thiti Atortgagc immediately prior to the date of
taking hcars to the fair market valuc of ~hr Pr~~pcrt~~ immedialrl~~ prii~r to the ~I:UC of taking, with the balance of the procceds
paid to $ormwer.
If the Property ic :ihand<~ne~! i?~• Biirrnw•cr. ~~r ef. ;eftcr r.~~!ire h~~ ! ender tn R~~rra«~er thal the condemnor offers ta make
an award or ~ettle a claim for Jamag~~, Barr~.wrr fail. t~~ rc~~xmd t~. l ender within i0 days after the date such m~tice is
mailed. I.c~~lcr ic authoriTCd to a•llccl and :ip~+l~~ thc pnkecde. at I.ender's option. ~ither to restoration or repair of the
Am~xrty or fo tfic sums xccurcd hv thi~ \i~rtUacc.
Unles, l.ender and 8orrowcr othen~~i~e agm~ in ~+rilinL. ~ny such applicati~~n ~f prcxeedt to p~incipal shall not extend
~r p~xt}x~n^ ~he due date of the momhl~ intitallm~nts refcrr~d to in p:+ra~raph. 1 and 2 hera~f or change thc amount of
s ~ch insta~IKients.
10. Borrower Not Rrleaced. F~tentic,n ~~f the timr fc~r pa~•ment o~ modificatii~n ~~f ;~mi~rlization of the si~mc secared
hy thic Mc~ngaec gr.~ntcd hy I cnJcr t~~ :u?~• .uc~c„~~r in imcrr.t ~?f A~rrowcr ~hall not o~x~atc to rclcasc, in any manncr,
th~ liah:li~y of !he orieinal BurroNCr and B~~rn~H•cr'. curce+.~~n in iMCrest. I.ender shall not be nquircd to commence
pniceeding~ ag:~inct ~uch sucre~si.r ~v rcfu.r ti~ ~~~cn~l timc f~~r payment ~~r otherwi~~ moJify amortizat~on of thc .ums
~e.urc~i h~ itiic N~~rtgagc h~• rcau~n uf :~nc drm:ind m~dr b~ thc <~riein~l BorruHCr antl B~~rrc~w~r's succeti,ors in intcresl.
l l. Farbearance by i.ender \ot a~ti'ai~~rr. ~1m f~.rFx~aranrr h~ t cndcr in c~..rci~in~; am• rigM ~~r rcmcd}~ hrrcundcr, or
otherwise aiiorded h~~ applicahle law. ,h:~ll m.t I.r w~airer i?f ~r preclude ihe c~ercite of an}• such right or remed}~.
The procurement af insu~ance or the pa}~mcnt ta~c. i.r c~thcr lient or charc~s b~~ i.ender ~hall not t~e a a:iiver of l.ender
s
right to acceleratc the m:iturit}• c~f thr indehtcdnc.c .rt~~rrJ h~~ thic',11ortKage.
12. Remedies Cumulative. All rcmc~lic~ rn.vidcd in thi~ ~lortgagc are distinct and cumulativc tn .~ny nlhcr right or
reme~}• under this Aiortgage or afT~~rd~d hy la~~ ~~r eyuil}•, and ma~~ he exerciceJ ce.ncurrcnth•, inde~:ndentl~• ar succecsively.
13. Successors and AsciRns Ba~nd; Join1 and Sererat I.iability; CapNons. The rnvenants and agreementc herein
contairted chall bind, ;~nd the riQht~ herrunder ~h::ll inure 1~.. Ihe mcpective succe~u~rs and asaigne of Lender and Borrower.
subject to thc proviciom of paragraph 17 hcr~of. ~VI ~u~~c~;ants anJ agrecment~ c~f Rorm«~cr shall hc j~~int and ~c.•eral.
'The captions and heading~ of the p:ir:~er:~ph~ ~•f Ihi~ Mi~rtgaee arc for con~•eniencc onlt• and are ni~t tc~ be i~ced to
interpret or definc the pmvi~i~~m hcrcof.
14. Nolict. Except for any n~~ti;r r~yuirrJ undrr :~~plicahle la~~ to be gi~•en in another manner. (a) ;+m• notice to
; Borrc,wer provided for in this \t~•ngate ~hal) :x gi~rn h~ mailinc ~uch notice h~• crnified mail addrec~cd to Borr~~«~er at
~ the Property Addre.~ ~r at such .~!her addre.. as R~~rn~HCr may devgn:ue b~• ni~tice tc. t.ender as providect hercin. and
~ (bl an~~ noUce ti~ (.en~ier xhall tk c~~rn hc cer[ific~l m:~il. rrtt~rn rerei~t requested. tc? I enJere adJress statcd herein or to
' such nthcr addrrsc as l.cndec m:n Jrtiign~tc h~ nnti~r t~• F3~~rmucr as pro~~ided herein. Am• noticc pmvidcd for in this
~ ~tortg:~ge shall be deemed to h:~~e ix:en entn to Bnrmwer ur I rnder ~~hrn cicen in the manner decignated herein.
~ 15. ilniform MoriRa~e; Go~~ernin~ l,•rN; Se.erabilih. Thi~ form of mortgage c~mbines uniform covenants for nationa!
~ use and nc~n-uniform c~~cenant. u ith limitr~! rar+citi«n. hc juri.dicti~~n to constitute a uniform security instrument eovering
real propert}°: Thiti A4ortgage shalt tx cuv~rned h~ thr law of the juri«iiction in which the Properly is Ickated. in the
~ event that an}' provision ~r cla~iu uf thi. ~1~~rt~;,_e ~.r thc \i~te conflictti ~.~ith applicahle law. such conflict shap not afiect
~ other pr~.visionc ~if this ~tortcage or thr \~~tr .~hinc ~:m F.e given effirct ~vithout the conflicting pr~vi~ion, and to this
' end the pm~•isiuns ~.f ihc tiir.rtcacr anc! thr ~~~te arc ~ierlarcd m hc teverahle.
f 16. Burrovrers Cup~. Borruwrr ~hall h~ furni.h~il a ~~m(ormed cop}• ot thc Notc and of thi~ Mortgagc at the time
of execution ~r afler r~tiordation hercc~f.
€ 17. Transfer of the PmpeH~; Actiumplion. if att ~~r am p:~rt of thc Pr~~perh~ or an intcrest therein is sald or transferrcd
~ by Borrower xithc~ut I ender's pnnr wrinrn ~~,mrnt. c~cl~iding h~l thc creation of a lien or encumhrance suhnrJinate to
t this Mortgage. (b) the crea4on c~f a pur.h:~.r m~~nc~ k.urit~~ interest f~r hou~ehold applianees, (c) a trancfer h~• devise,
deuent or hy operation ~f law upon thc ~l~ath ~~f juini tcnant or (il~ the gram i,f an} Icaseh~ld intcrest of thrcr ~•car~ or less
~ not containing an option to p.~rchase. I ender m:~~•, at Lrnder'. i~~?tti~n. derlare a1! thc cun~s secured hy this ?~lorigage to be
~ immediatel~~ due and pa~•ahle. I.rnder th~ll ha~r .~;,,~rd ,uch optiun to accelerate if. prior to the .ale or transfer. L~nJer
~ and the peru~n to whom ihe Pro~?erty i, t~~ hr ,oIJ ~~r tr~nsferred reach agreement in w•riting that the crcdil c~f ~uch person
ie satisfactury to I_en~ler and that the interr~t pa) ahl~ ~~n ~he tum~ ucured hy this M~utgage shatt be at si~ch rate a~ 1_ender
~ shall request. if l.ender has waiveit thc ~~pti<~r~ t~ ,~rceleraie pm~•ided in this parngraph 17. and if Bormwer'~ iuccessor in
£ interest hac eaecuted a written assump:ion agrrement accepted in ~criting by 1_en~ier. Lender chall releate $arrowrr irom al!
- obligations under this Mortgage and the Note.
= If Lender exer~ises such optian t~~ accefer:~te. I_en.ier tihall mait Borrow•er notice of acceleration in acrnrdanrr ti.iih
t paragraph 14 hereof. Such notice ~hall provide a~n~~d uf m.t Iess than i0 day~s fr~m the date the notice is mailed u•ithi~
which Bormwer may pay the sums decla?e~l d«e. If Horro~<<~ faik to pay such sums prior to the expiration of ,uch ~?eriucl.
~ Lender may. w;thout further r~oticc ~r dcmand on H~irmu~cr. ~m•~ke an~ remedies permitted h}• paragraph I4 hcrcof.
" ~ Norr-LxtFOrewt CovF;v~rvrs: Borrowcr and Len~er further :menant and agrce as follows:
k 18. Accdersttion; Remedies. Ezcept ~s pro~ided in para~r~ph 17 hereoi. upon Borrower's breach of any covenant or
agreemeot of Borrower in this !liortga~;e. includin~ the co~~enants to pa~ when due any sums secured by Ihis Mort~age. i.ender
prior to accekration shatt ms~ii notice to Borrower as pro~•ided en paragraph 14 hereof specifying: (1) /hr brcach; (2) the aMiun
rrquIrcd to rnre wcb breach; (3) ~ date. not less than 30 da~s from the date the notice is msiled to BoROwer. by which such
breac6 must be cured: and (4) lhat f~ilurc to cure such bre9ch on or before the date specii'ied in the notice mav result in
accekration of Iht soms secured by this Morig~e. foreclosure by judicial proceeding and saie af the Property. 7T~e notice
shail furtder inform Borrower of tht ri~ht to reinstate after acceleration and the right to acsert in the foreclosurc proceeding
the non-e:istence of a default or aav other defense of Borrow•er to acceleration and foreclosure. If the bresch is aot cured on ~
or beiore the date specified in the notice, l.ender at t.cnder's oplion may declarc a8 of the snms secured by thiS Mort~age to be
immediately due and payabk Nithoul furiher dem:,nd and ma~• forectost this Mortga~e by judicial proceediaQ. I.ender shall
_ be eatiUed to cotlect in such proceedireg all e:penses ~f foreclosure, including. bot not limited to, reasonable atiurnev's fees.
and costs of documeatary evidence. abstracts and ~itk rrporis.
19. Borrower's Right to Reiostate. NotK~ith~tandin~t Lender's acceleration of the sums secured by thrs M~rtgage,
Borrower shall have the right to have any proceeding, hcgun h~~ I.cnder to enforce this Mortgage discontinued at any time
~oaK280 FMcE 8~
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