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Lender's w rittcn ~grcemcnt or appGrabte taw. Borrowrr shall pay the amuunt o[ ~II monbage insurance prcmiums in the
m~nner providcd tu~der paragraph 2 hereof.
Any amounts dichursed by I emler pw,uant ~u ~his parag~aph 7, w•ith intcres~ thereon, shall become additional
in.l~Mednrs< <~f HurruN•cr xecuRJ hy ~hi. Mungage. l'nlc.~ Burr.?wer and I rn.ler agr~*c to othe~ termx of payment, wch
amounls ~hall hc payahfc u~xm notirr fr~~m Lrndcr ~o B~?rruwrr « yuc~ting payment thereuf, and shal! hear interest from Ihe
dc~le of di.bi?rsement at the rale payaMr fmm time to time ~~n oulstanding principal under the Note unlcsc psymt~t of
interest at such rate woi:!~+ ?+e cuntrar~~ t~~ ;~pplirablc law•, in which evem ~uch amounts tihall hear inte~ect at the highest rate ~
permissihlc under applicable la~v. Ni~thing rnn~ained in thic patagraph 7 shaU requirc 1 ender ~o incur any etpenu ar take ;
any action hrreunder.
8. fnspeetbn. LenJer may makr ~.r : au,r t~? tx m:~de re~.~~nahle rntrie~ uEx~n and inc~ctionc of the Pro~rty, provided
that l.ender ~hall give Bnrrc~wer n~~~~cr rri~~r tu any ,uch ins~ction sperifying rrasonable cauxe therefor related to i.ender's
int~rcct in thr Pm{~rtr.
9. Condemnatiun. Thc pnkcr.t. u( ,,nc a~.:,rd or rlaim for ilamaces. ~lirecl ar con~equential, in conneclion with any
rondemna~ion ~.r other takinc ~~f Ihc Pro~xrty. ur pah therrc.f, ur for runveyance in liru of condemnation, arc hereby assigned
and shall tx; paid lo t_cndcr. ~
In•the eve~t of a tatal takine c,f thc Pm~xn~•. ~hr pr~k•crJc ~hal( he appticJ t~ the eums ~ecured by thic Mortgage. f
with the ~rrecs, if anp. p:~id te~ Burma•cr. In the cv~nt ~~f a pa~ti:d ~akine of the Pmperty, nnless Rorrower and I_ender ~
otherKik agree in w~ritin~. th~rr shall ix applieJ t~~ thr .um~ ~ccurc~l h~• thi~ Mor~gage surh pmporlion of the proceeds
as ic equal to that proportian ~rhich the amuun~ ~•f the cum~ ~crured b~• thie ~1c?rtFage imm~diately~ prior to the date af `
taking hears to the fair markrt ~~aluc uf lh~ Pru~xrlc in~mrdiatrl~- priar to ~he dale of takinF, with the balance of the proceeds -
paid to Bormu•er.
If the Proper~~~ ia abandc~ne.l M• Borrc.H•rr. i~r if. af~rr m~!ice h~• l.ender to Rorr~w~er that the condemnor ofTers to make '
an aH:?rd ~r scUle a cl~im f~u Jaroazr~. B~~rrawcr fail. t~~ r~~~x,nd ti~ I cnder within ?0 davs after the date ~uch notice is
mailed. [.rn~ler i~ authorizrd to c~ltrc~ and :~r~+l~• ~nc pn•ceed~. at Lender'~ option. either to restoralion or irpair of !he
Properi)~ or thr ~um. .rcurcd h~• thi. ~t~~r~~~agr. f
l~~le« Lendcr and Borruw~r ~thenvi.c agrcc in ~~ritine. am• ~u;h ar~r.a~i~~n c.f prcxeed~ to prinripal shall not ertend
or potit~ne the due d,~te c.f the mc?mhl~ in.~allntents rcferr~d to in ~~raeraph~ 1;~nd 2 hereaf or ch~nge the amotmt of
such +nstalinte~t~.
10. Borrower Not Releasrd. F~tenci~.n ~,f ~hr ~ime fur p;~cment or modificatii~n ~f am~rti~ation of the ~um~ secured
by this Mortcage granted M• 1 cn~lcr tc~ am~ .uccr~..,r ~n intrrr~t uf Rorro~er ~h~ll n~t oFx:ratc to rclease, in any maor~er.
thc liability {,f thc .?riginal Rorrowcr and B~~rrowrr'. ,uc~r,~~~n en intcrect. Lcndcr ~hall not hc rcyuired to rnmmenrc
proe:eedengc a~ainst sach sucrecs~r ~~r ref~~:r~ t~~ e~tenJ tim~ f~~r p.~~~nteni or othen?i~e modifY amnrtization ~f Ihr tiums
se.ured h~~ tbiti ~1lortgage b1' reae~~n ul am• dcm:~nd madr h~ the oris~inal Burr<,H•er and Rormwer's ~ucces~or~ in intere+t.
11. Fort~earance b}' l.ender \M a N'ai.e~. :~m f~~rtx.tranrr h~ I ~nder in r~ercicine any right or remedc~ here~mder. or t
otherwise afiorded hy applieahle law•. .h:~ll nca tx a wai~~cr ~f ~.r preclude the e~ercise of am• such right or remedy.
Thr prorurement c?f insurance or the ~aymrnt c.t tate, i.r other liena ar charges hy l.ender tihall not he a waiver of I.ender's
right t~~ ace~lrratc the ma~urity of thr indcht.d~n.c .~~ur~d h~ thie ~tortgaee.
12. Remedies Cumulative. Ali rcme~ficc rr~~~ ided in thi~ Mortgage arc distinct and cumidati~•~ to an~• other right or
remc~l}• unJcr thiti Mc?rtc:+gr ur a1T.~rd~.l h~~ la~~ ~~r ryuit~~. and ma~~ bc c~crcisrd a?ncarrcntlt•, inck~xndemlr or succr~si~~ch•.
13. Successors and AueRns Bound; Joint and Sereral I.iabilih: C'aptions. Thc covenams and agrcements herein
rnntaine.l sha!! hind, and the riRhtc her~unde~ ~h::ll inurc m, th~ rc.pective sucee~.c~rs and accignc of i_ender and Bormw•er.
subject to the provision. c~f parae~aph 17 hcr~of. :~II co.•ci,an~s and ~grecmcnt~ of $orro.~•er shall t+e joint and ~everal.
Tlie captions anJ headings of tfir ~aracra~h. ~~f thi~ tl~rtenge are for convenience ~n!)• anJ are i~~~t t~~ be uced tq
entcrprct or dcfinc th~ pmvisionc hcrcnt_ _
14. Nolice. Except fc~r any nnli.r rryi~irrd undrr applirahie la~ t~~ t+e given in an~~ther manner. (al an~• n~~tice !o
Borrower provided for in thi~ ~tc~rtga~•e ~tzall t,c ~ivrn M mailine cuch notice f.y rrrtified mai( addre~ced to Bormu•er at
the Property Addretis ur at such .~thrr a~ldre~. :~c R~+rr~~uer m;~~• de~i¢oate b~• n~~ti~e t~ Lender as provided hercin. and
(b) am• notice t~ Lender sh~ll F.~ zi~~n h~ cenificd m:~il. return rec~ipt reqocctrd. to 1 enders address stated herein or to
such other addresc ;~s Lender ma) de~i~natr h~ ro~ti;r t~~ Bnrr~~.~~er as pro~ided herein_ Am• notice pmvideJ (ar in this
~fortgage shall h~: deemcd to ha~c t+ecn L~v~n to B~~rrrwrr .,r Lcndcr whcn gi~~cn in thc manncr decignated herein.
15. Uniform 3toriRa~e: Gocernia~ I.aw; Se~erabilih. "Thi. form of mortga~e combines uniform rnvenants f~r national
use and nan-unif~~rm c~~~rnani...ith IimitrJ .~ariah~~n. hc juriti~irtinn to constitute a uniform security inttrument rnvering
rcal property. Thi~ hti.rtgagc shall Fx eu~~n~cd h~~ thc laW vf thr juri~diction in whirh the Property is Icx:ated. In the
event that an}• provisiun or rlau~e of thi. ?lt~~rtLas;r .~r thc '~~~t~ c~nftirt~ .~ith applicable law, such rnnilict ~hall not affeet
other pr~~ti~isiunc of this Me.ng:,Rr ur the ti~~tr .+hich can hr givcn elTert ~vithout the conflicling proei~ion, and to this
end the provision~ of thc liortg•rge and thr ~~,tr arc Jrrlared tu hc severable.
16. Bo~mwer's Cop~•. Borro~~cr .h:+ll br furni~he~l c~~nfc•rmed r~p}• of the Notr and c•f thic Mortgage at the time
of c~ec~Uion or afler recorda~ion herrof_
17. Trlnsfer of tht Pmperty: Assuinplion. 11 :~li ~~r an~ part of the Pmpert}• nr an intcrest thcrein ic sald or transferrcd
by Barrowcr withuut l.ender's pne~r W ritrrn <<+m~n~, c~~luding lal thc rrcation of a lien or encumbranre ,utx~r.linate to
this Mort6age. (h1 the creahon ~f a nur.h:~.c m~•n~c kcuri~~- interest ~f~r hoiiseho(J app(ianres. (el a Irancfer h~~ devise.
de+uent or b}~ e~pcrati~n of laa upon thc ~fcath <~f ~ iuint trnant e~r ld? the grant of am• lcasch~]d interest ~f thrcc }~car. or Icas
not conlaining an optinn ta purchase, I endcr ma~~. a~ Lender'c ~~p~ion, de~lare all the sums secured h}• this ~lortgage to 1~e
immediatcly due and pa)'able. 1_cndcr ~hall h;i~r ~~:~ivrd .t~ch optiun to accclcrate if. pri~r to Ihe tialc or transfcr. Lcnder
anJ the person to whom the Pro~,erh~ i~ t~. tx ,ol.l ~,r tranc(errrd reach agrceme~t in writing that the credit of .uch person
is satisfactc?n~ to I.enJer and that the ir~terr.t pa~:~ble i~rt thc seimti cecured hy lhic Mortgage shall be at such rate a~ Lender
shall request. If l.ender has w•aived the ~~p~i~,n to :,cceleratr pro~•ided in this paragraph 17, and if Borrower', wccessor in .
interext ha~ executed a written ass?~mption aercement accepted in writing b} Lender, LenJer shall rele:ise Borrow•er from att
obligations undcr this Mortgage and thc :`'otc_
If I.ertder exercises se+ch option t~~ acreler~te. l.ender ,hall mail B~rrow•er notice of acceleration in accorJancr H i~h
paragraph 14 hereof. Such notice shall pruvide a Ex:ri~~J of not less than 30 days from the date the notice is mailed w~ithin
which Borrower may pay the sums decl~rcd due. li B~rrower failc ro pay such sums prior to the e!cpiration of ~uch periexl.
[.ender may, without further notice c~r Jemand ~~n Horrower. inroke any~ remedies permitted by paragraph 1R hereof.
Nort-UN~FOtet?~ CovEVn:vTS. Borrower and LenJer turther covenant and agree as follows:
18. Acceleration; Remedies. Ezcept ~s prorided in par~roph 17 hereof. upon Borrower's 6rcach of any covenant or
agreement of Bormwer io t6~ l~tortga~e. includin~ the co~~enants to pay when due any soms seeured by thk Mort~age. ixnder
prior to acceleratlon shall mall notice to Borrower ac providcd in para~raph 14 hereof specifyiu~: (1) the brcach; (2) the action
required to cure such brcacb; (3) a date, not less t!?an 30 daYs fmm Ihe date the aotice is mailed to Borrower. by which suc6
brtac6 mmt be cured; and (4) thstt failure to cure such breach on or beion the dale specN'ied io the notice may result in i
accekmtioa of t6e sums secured by this MortRage. forcclocure by judicjal proceedin~ and sale of the Property. 77~e notice
sfiaU further inform Borrower of the right to reinstale after accckratlon and the right fo assert in the foreclosut+e proceeding
tbe non-existence of ~ defauk or any other detense of Borrower to acceleration and foreclosure. if the bresch Ls oot cnred on
or before the date speci6ed ia the notice. [.ender at t.ende~'c opfan may declare a1l of tde soms secnrtd by this Mortga~e to be
immediately due and ~ayable without further demand and may fonclose th~s Mort~a~e by judicW proceeditt~. i.ender shall
be eotitkd to collect in such proceeding all e=penses ~~f foreclosurc. includiu=. but not limited to, ressonabk sttorney's fea.
aad costs of documeatary evidence, abstracts and tilk rcport~
19. Eorro~er's Rf6bt fo Reinstate. Notw~ithstanding Lender's acceleration of ihe sums ~xcured by this M~rtgage.
Borrower shall have ~he nght tn have any prace~dinc. M:~tun hy I_ender ro enforce this Mortgage discontinued at any time
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