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I.cnJrr's wriuen agrrrm~iit or applirable luw. Horrower shall pay the amount o[ al) mortgabc insur~ncz premiums i~ the
manncr pruvidc~l undc~ paragraph 3 hereu[.
Any amounts ~lishurxrd b~~ I cnJrr punuant to this par:Igf8~f1 7, N~iih intcrexl thereun, shall t+ec~me additianal
imlchtednc~s B~~rru~vrr xcur~d hy ~his ~lurtgagr. l!nlcc~ Borroae~ and I en.ler agrce to other tertns of payment, such
amountc tihall tx pavablc u~x~n n~~tirr fr~~m 1 rndcr tu R~~r~uwrr rryuc~ting pa}~mrnt thrreof, anJ shall t~car intcrest from the
Jate of disbursement at the ~ate p:~~~ahlr fn~m time t~~ time on outstanding p~incipal under the Nate unlecs payment of
interest at such ~ate wouiJ he c~~ntrarv t~~ applicablc la~~~, in which eveni such amouMs chall hear inte~est at the highest nte
permissihlc under a~pli~ablc la~~~. Ni~thing c~~n~aincd in Ihie par.igraph 7 shall requirc Lendcr to incor any expense or take
any action hercundcr.
8. Inspeclbn. 1 rndcr m;~y ma{.r ~+r rau.c h~: madr rra~i~nahl. cnt~iec u{x~n and in~~+ertionc of the Pmpetty, pmvided
thal l.ender shall ~ive R~~rr~~wrr naticr ~ri~~r tu an~~ wrh inspection ~perif~~ing rcasonable cause theret~~r related I.eoder's
inlcrrct in thr Pro~x;rt~~.
9. Condemnaliun. Thc ~nk~cd. uf anr a~~ard or rlaim frr damaers, direc~ or comenuential. in connection with any
rondemnation ~~r other takin~ uf the PmEx rtp, ~~r pan th~rec.L «r for c~~m•cyance in lieu of condemnation, are herchy accigned
an~l ~h:?ii t.c ~•aid ta I.cndcr.
In Ihe event of a tutal ta{.in~ ~~f the Pra~xn~•. the pr.s•«d~ .hall Fx appli~d to Ihe ~ums Sccurcd by lhit MortgaRe.
with the r~ce~s, if an~~. paid Rorr~~~c~r. (n thr tvent ~+f a partial t:~kinE uf the Property, ~mtecc Bormwer and [_ender
olherKik agree in H~~iting. thcm ~hall he applied 1~~ thr wmc ~ecurc~l b~• thi~ Mortgage ~uch pmportion i~f the proceeds
as ic equa) to th~t pre~~x•rtion ~~hich ~t~c : maun~ ~~f ihe ,um. .rcured h~~ thic ~1~rtg•rge immediateh• prior t~~ the date of
Iaking t?ears to the fair market :•aluc uf the Pru~xrl~~ imm~cliateh• prie?r to the ~late of taking, with the balance of the pmceeds
paid t~~ Borrow•er.
if thc Pmperty i~ ahand~~nr.l h~• Bormti•rr. ~~r if. aft~r n~~ticc M• I cndcr ro Borr~~wcr Ihat the condemnor ofTers to make
an :IN':lfll ~.r ~et~le a claim fi~r ~fama~r., B~~rr~~w•rr f:~il. t~~ rr~{xmd ti~ I ender N•ithin ?f) Ja)'s after the date such notice is
m:?iled. [.cnJer ie authoriicd t.~ c~•ll~cl and ap~h• thr prckredc. at l.ender'~ ~~ption, either to restaration or repair of the
Propcrtc c~r to thc ~um, .rrured h~• ~hi. \1~~rtgacc.
Unlcs. Lcndcr and Borri~~~cr ~~thcrwi.r aerer in ti~riline, am• wch applir:itii~n ~f pnxcedc to principal shall not crtcnd
or jxi.tpunc thc du~ datc ~~f thr mnnthh imlallmrnt. rcfcrrcd to in paragraph~ I and 2 hcrcof or changc thc amounl of
cuch ins~allmentc. ~
10. Borrower Not Released. F~t~n,i~~n ~~f thc timc for nat~mrnt or mc~difiratii~n of :imc•rlization of the sum~ secured
by thic M~.rtiaec grantc~l h~~ 1 cn~hr h~ ;u~~• .ucrc,~ur m inlrrc~t of Rorrc~Hrr ~hall nM o~xratc to rclcasc. in any manncr.
the liabili~y oi the arieinal RurroHCr and Rurmw~r': su~cec.~~rs in interect. I.ender tihal) not he myuired ta rnmmenre
prorccding~ againct wch wctccsor c.r rcfu.e t.~ c~tcnJ ~inm fnr paymcnt or othcrW iu nuxlif}~ amortizali.~n ~~f thr .~~ms
sc~ureJ h~• this Mortgage h~~ rca.i.n ~~I :~nv drmand made h~ the ~~ri~inal Borrow~cr and Bormw•ers succes~or~ in interecl.
11. Forbearance hy txnder 1ot a N'ai~er. ~~m fc~rt.~aran« h~ I.ender in e~ercicink an~• rigM or remedy hereunder, or
~therwise afforded h~• appli~aMr la~v_ .h:~ll nc.t tx a w~ai~•cr ol ~~r preclude the e~ercise of an~• s:~ch right or rcmedy.
The procurement of insurancr the pa~•ment i?f ta~r. ~~r u~her liens i?r chargrs h}• Lender .hall not he a waiver of I_ender's
right t~• acr~kratr the ma~urity ~~f thr indehtrdnr~c .ecumd M• thi~ 111orteage.
12. Remedies Cumulatira All rcme<lic~ rrr~idrd in thi, I~tortgagc arc distinct and ~umulativc M an~~ ~ther right or
reme~l~• under this Mortkage or afT.~sdr.l hc la~~ ~u ryuil~•_ :~nd ma~• he ~rercikd roncarrcntl~•. independenth• or succecci~•ch•.
13. Successors aod Atsi~nc Bound; Joint and Se~eral I.iabilih': Captions. The ~ovenants and agreement~ herein
contained Shall hind, and thc rieht, hcrcundcr tihall ~nurc ti.. thc rcepcctivc succc.u~rt and ac~ign~ of I cndcr :~nd Rorrawcr.
subject to the pri~vi~ionc ~~f paracrarh 17 hcrrul. :\l! «~vri~anls and aerecmemti ~f Borrow•cr shall hc j~int and ~ereral.
The raptions :~n~ headinec ~if thr ~~aracr,~h~ ~~f thi~ 1~lortgage ~~c f^~ convenientt onl~• and are not to hc uced to
intcrprct or dcfinc thr pm~~i~iun. here~~f.
14. hotice. Errcpt for am• n~~ti~r rry~iire~l undcr aE~plirahlc law t~~ bc givcn in anothcr manncr. (a1 any noticc to
Borrower provided for in thi~ \tort~azc .hall tx gi~•rn hv mailing cuch notice b}• rertified mail :~ddret.ed to Borrowrr at
thc Pro~xrty Addre.. i~r :it ~urh ~~thcs :u1drc., :n R~~rr~~wcr m:~~• dccign:dc h~• nc?ticc t~ Lcnder as pmvidcd hcrcin. and
(h) am• noticr to Lender shall hr ei~rn hr rertificJ mail. rrti~m r~ceipt requestcd. to I.ender~ "adJress stated herein or to
such c~ther addres. :?s Lrnder may dt~ignatc h~ n~~tire t~~ Borr~~~~cr as prmide.l hcrein. Any n~tice pmvideJ for in thic
i Mortgagc shal) tx: decmcd to ha~e ha:cn e~~~n to B~rruticr ~.r Lrnder w•hcn gisen in thc manner designated hcrein.
i 15. Uniform \ioriRa~e: Co~-ernin~ I.a~+; Se~erabilih~. Thi~ form of m~rtgage c~mbines uniform covenants for national
~ usc and n~~~-unifurm c.~~cnam. Nith limilrcl ~:~riati~~n. h~ juritidirtian to constitatc a uniform sccurit~~ instrumcnt rnvering
r real properly. Thiti ~lunga~c ~hall tx~_ e~n~~nzcd h~ thc law ~f thc juricdirti~~n in which thc Praperty i~ Icx:ated. in ihe
r event that any provisi~~n or clauu ~~f ~hi. til~~n~aer ~~r the ti~.te cc~nflict~ Nith applicable law. sunc ~onflict shall n~~t atfect
~ other pmvitiiom of thiti Mortgage ~~r thr N~~tr uhirh ~an he givrn efTect without the conflicting pmvicion, and to this
~ end thc provitiion~ of thc ~1i~rt~:agc and thc ti~~tr :u~ .I~~larcd tc. hc ccvcrablc.
~ 16. Borrowers Cop~. Borrc~~ccr ~h:ill hr furn~.hr.l a r~~nf~umed rnp~• of thc Note :~nd of thi~ Mortgage at the time
; .~f exerution i.r aher recordation hereof.
~ 17. Trsnsfer oi the Propert~; Ac~umplion. 11 ali ~~r am rart of thc Pr~~pert~• or an interest thcrcin i~ s~dd or trancferrcd
~ b}• BorroK~er withuut I.ender's prior wrinrn :~~mrnl. c~~luding la1 the crration of a lien or encumbranre wtx~rdinate to
~ thit Mortgage. (bl the creat~on ~~f :i ~ur.h.~~c m~mr~ .eiurit~~ interest fc•r h~~usehold appliances, Icl ~ tr•rnsfer h~• de~•ise.
deuent c~r by ~~Ex:ration of laH u~~n the ~irath ~~f i~~~nt trnant ~•r (~I~ ~he grant c~f am• tcatehnld interest c~f Ihrrr )rar~ or lecs
~ not containing an option tc~ rurrhasr. 1 enJrr m.n•. at ! ender'. ~~pt~~~n, declarc all tbe sumti secured b~~ this '~lortgage to be
immediateh~ doe and pa)'ahle. I rnder ~hall h:~.r ~t;u~•rd .uch option t~ accelerate if. prior to thr ,ale c.r transfer. I.cnder
and the persc~n to whom the Proper~~~ i, t~+ he .u1.1 .~r Ir.~ntiferred rearh agrerment in writing that the credit i~f .uch perccm
i~ satisfactory to Lender and that the intcrr.t pa~:~hle i~n the wm+ s~rured h}• thic Mort¢age shall be at sucfi rate a~ l.ender
~ sh:,lt request. If I.ender has w•ai~~eJ thr ~~pti~~n to :~crelerate pm~~ided in ~his paragraph 17, and if Borrower'ti ~uccessor in
~ interest hac executeJ a w~ritten as~umptio~ ~greemcnt acceptcd in writing by LenJer. 1_ender shall reiea~e Borrower from all
obligations under this Martgage and th~ N~te_
A (f I.ender exercius cuch option ti~ arccler:~te, I cn~lcr tihall mail Borrower notice c?f acceleration in arcordancr Hith
paragraph 14 hereof. Such notice shall pmvide a~ri~xl c.f nat lesti than 30 dayt from the date the notice ic mailed K•ithin
~ w•hich Borrower may pay the sums de.•lared duc. lf Bc.rro~~er failt to pay such cumc prior to the expirati~n of tuch peri.xl.
~ I.ender may, without (uriher noticc ~.r Jrmand ~~n li~~rruwer. im•ake am remedies permitted hy paragraph 13 hercof.
~ No*t-UNiFOttnt Cove~~tv-rs. Rorrower and LenJer furiher cmenant and agree as follows:
; 18. Accelerataa; Remedies. Except as procided in pars~roph 17 hereof. upon Borrower's breach of any coveaant or
- agreement of Borrower in this Mort~a~e. inciudinR the covenants to pay when due sny sn~s secnred br this MortRage. i.eader
prior to accdcration shall mail notice to Borrower as pro~•idcd in paragraph 14 hereof specifyiog: (1) tbe breach; (2) tf~e actan
? requlrcd to cnre snch breach; (3) a date. not less than 30 daya from the date the notice is maikd to Borrower, by whirh sucb
breacA muat be enred; aad (4) that failurc to cure such breach on or before the date spectt'ied in the notice may resd! in
accekration of tbe su~s securcd by this Mortga~e. forcclosure by judlcial proceedin~ smd sa{e of the Prope~. 'Il~e notice
shall further inform Borrower of the right to reinslate after acceleration and the rig6t to assert in the foreclosure pmceedi~
~ t6e oon-exislence of a defauk or any other defense of Borrower to accderation and foreclasute. If the breach is oot cured on
or before the date specified in the notice, Lender a~ I.ender's option may declue all of the soms secnred by this Moriga~e to be
immediately due and payaWe without further demand and may foreclost tbis Mottgaae by judicial proctedin~. Lender shap
~y
be eatiUtd to collect in such proceeding all expenses of foreclosurc. including, but oot Umited to, reasonabie sttornev's fets.
" and costs of docnmentary evidence, abstrnctc and litk reports.
n:
- 19. Borrowe~'s Rigbt to Reiostate: Notw~ithstanding I.ender's acceleration of the sums xcured by th~s Mortgage,
s; Borrower shall have the right to have am~ procecdinK+ heEun h~~ l.ender to enforce thia Mortgage discontinued at any time
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