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t.enclr~'s written agn~me~t or applicablc law. Borrower shall pay the amount of all martgage insurance prcmiums in the
manncr pruvidcJ undcr paragraph 2 heraof.
llny amounts di~bu~scd by LcnJcr punuant to this paragraph 7, with inlcrest therea~, shail become additional
indchtcdnc~x uf Eiarrower scrured by this Mongagc. Ui;Ic.c BorroHCr and i.rnJer agree ta othcr tertns of payment, such
amounts shall hc payablc u{x?n notier from I.ender t~~ B<?rrow~r ~eyues~ing payment Ihereot, and shall hcar interest from the
dale ot disbursement at the ratc payahlc tram timc to ~ime ~~n outstanding principal under the Note unless payment of
interest at such rate would t~e cont~ary lo applicable law, in which event such amounts chall hear interest at the highest rate
permissible under applicable law•. Nothing camained in thie paragraph ~ shalt require I.ender to incur any ezpe~se or take
any action hcreunder.
8. taspection. l.emter may m;~ke or rau.r tc. t+e made reaMnahle enlrie~ uEx?n and inspectionc of Ihc Propehy, pravided
that l.encier shall give_Barrower nu~icr priur ~o an~• surh~ ins~x.,ction specifying rcasonable cause therefor related to I.ender's
intcr~ct in the Pmpcny.
9. Condemoatioe. Thc prex~ed. uf am• .nr;ird or rlaim tor damagcs, dircct or concequential, in coonection with any
condemnatian or ather taking of the Pmperty, ur pary thercof. or for cunve~anre in lieu of condemnation, are hercby assigned
and shall hc paid to 1_cndcr.
In the event of a total taking of thc Pmpcr~~~. !hc pr~kecJs chall he appFied to th~ sums secured by this Mortgage.
with the eYcea, if any. paid Io Borrowrr, ln thc cvcnt e~f a partial taking af thc Propertp, unlecc E3orrowcr •and l.cnder
o~herwise agree in writinR, therc xhall he applied t~~ thr wm~ securcd h~• thi~ Mor~gage such proportion of the proceeds i
~s ic eyual to that proponion ~hich thc amuun~ a( ~hc wm~ .ccurcd hy this Mortgagc immcdiately priar to the date of '
taking hears to the tair market value ~~f the Pru~xr~y~ immrdiately pri~r to the date of taking, with the halance of the proceeds
paid to Bormwer. .
If the Property ic ahandone~! hv Bo~row~er, or if. af~er noticc hv Lender to Rormwer that the condemnor ofTers to make
an award or cetUe a rlaim for Jama~r~, Ri~rr~~wer fait..t~. rr,{pc•nd to I.ender within 30 da~•s after t~e date such notice is
mailed. Lrn~e~ is uuthor'rzed to callcct and appl}• the pre~ceedc. at Lender'c ~~p~ion. either to restoration or repair of the
P~~peny ar to the sum, ~ecurcd h~• thi. 11„r~Ka~c.
Unlcsc 1_cnder and B.irruwcr othenk•i.r acrc~ in ~~ritinc. anv surh applirati~~n ~f prt~ceds to principal shall not ertcnd
or ~stpone the duc date of thr monthh in~ta(Imrntc rcferrcd to in paraeraph~ 1 and 2 hercof or cbangc the amount of
such installinrnts.
10. Borrower Not Releaccd. E~ten~inn of the ~ime for payment or mc~dificati~?n of am~rtization of the suma secured
by this Mortgage gr.ented by l.enJer t~. an~• .ucresu~r in intcre,t of BorroH•er ~hall nol o~:rate to release. in any manner.
the I~ability ~f Ihe original Borrowe~ and B~~rrow~r~ succesc~.rt in iMerest. l.ender ~hall not be required tn rc?mmen~e
procee.~iings ag~inct such sir~.recsor or rcfu.e tn etitend timr for payment or o~her~i.e modif~~ amortizat~on i•f ~h~• .~~ms
secured t=y thic Mortgagc bV reacon of :m~• dcmaad made M thc oriainal Rormwe~ and Rorruwcr s sucrc~.on in in~rrc~~.
11. Forbearanct 6y I.ender \ot a Waiver. Am~ f~uhcaranrr by l.cnder in e~enising am~ right or remrdy heretmcMr, or
Mherwise afforei~d h}• applicahle taw•_ ,hall n~•t Ix a waiver c.f or preclude the exercise of an~• such rigM or remed~.
The prociereme~i of insurancc or thc payment af t~tcs ~u othcr lieac or cha~c~S by Lender thall not hc a waiver of I_ender s
right to acccleratc thc maturity of thc i~dcMcdnr~c kcurcd h)~ thit Mortgagc.
12. Remcdiec Cumulatire. All rcmedic~ ~m~ided in thi~ hiortgage arc distinct :~nd rumutative ta an}~ ~ther right or
remedy under this Mortgag~ ur afT~~rdrd hy la~c c~r eyu+t~~. :~nd ma}• be exercice~ concurr~ntly_ independentl~• or sucret~ivel~•.
13. Successors and AssiRns Bound; Joinl and Se~eral LiaF?ility~; Captions. The covenants and agrec;ments herein
containeJ shal) bind, and the riRhts hercunder ~hall inure to. the recpecti~~e succee~ors and a«igns of l.ender and Borre~wer.
subject to thc pmvisionc of paragraph 17 hcrcof. All a~vcnanls and agrcemcnt~ of Borro«~cr chall he j~~int :ind scveral.
The captions anJ heaclings of the par:~eraphc ~~f thic Morigage are f~r c~nvenience i~nly and are not to he u~ed to
interpret or define the pro~~ieiom hercof.
14. Notice. Excepl for any noti;c rcyuired under ;~pplicahle IaN t~~ be gi~~en in another manner, (ai am• notice t~
Borrow•er provided for in thic Mortgake ~h~tt be given h~• mailinc •u~h notice by certified mai! addrecud to Bnrrs•~?rr at
the Propc.ti~~ ";.'~:~ss or at ~uch .~~her :uldre~c as B~.rr~~w•er m~v de~ignate b~• noiicc tr I.ender as pmvidcd her~in_ and
(b) am- notice to ~ender shall he gicrn by certifird mail, rctum receipt reque~ted. to t ender s address stated herein or to
~uch other address as Lender rnay deai¢~ate b~ rn~tice t~• Borrow•er as pro~~ided herein. Any notice pmvided for in this
~iortg~ge shalt be deemed to ha~c Ix-en c~~~cn to B~rr.+KCr c~r I.ender u•hert given in ihe manner designated herein.
15. Uniform Mort~a~e; Gorernin~ I.aN; Se~erabilih. Thi~ f~rm of mortgage combines uniform covenants for national
use and non-unifurm co~enant~ ..ith limitr.l v;?riatiom M• juri~dirtion to constitute a uniform security inctrument covering
real property. This Morlgage ~hall be c~~vernrd h~• the law• of the juri~diction in M•hich ~he Property ic Iocated. In the
event ti~at any provision or claute of thi. !1i~rtg;,ge ~~r thc Nute rnnflict~ ~ith applicahle laa•, such conflie: shall not affect
other pro~•isions af this Mortgage ~.r thr '`„tr ~h~nc ~:~n he gi~•en e(Tect ~vi~hout the conflicting pmvi~ion. anJ to this
end the proricions of thr Mortgage and thr \utr are .I~clared t~~ he severable.
16. Borrower's Cop~•. Borro~~~er ,h~ll Fx furni.heJ a~c.nf~•rmed cop~~ of the Note anJ of thic !~1ort¢age at the time
of execution or after rc~ordation hereof.
17. Transfer of the Propeirt~•; Ac~umplion. If a13 ~~r am• part of thc Pn•pert}~ or an interest ~hcrein i~ s~~ld or trancferred
by Borrawrr without I.cndcr's prior Nrittcn «,m~m. r~~luding lal thc cr~ation of a lien or encumhra~cc sutx~rdinatc t~?
this Mortgage. (hl the creation ~f a rur.ha.r m~~nr~ ururit~~ mtCrest f~r household appliances. Ic) a tramfer M• de~•ise.
descent or by operation of law• upon thc ~lrath +~f a j,nnt Icnant or (d? the grant of am~ Icatehold interest ~f threc ~~rar~ or lees
n«t containing an option to purchase, l.ender ma}•. ;~t Lcnder'~ aption. declare all the sums secured b~• this ~1~.ngage to be
immediately~ due and payahle_ I.cnder shall h:~~c ~+:~~~rd .uch option to acc~lerate if, prior to the cale or transfer. L~nder
and ihe person to whom the Pmperty i~ to l~e ,~~hl ur tranderr~d reach agreement en wriung thal th~ cre~lit ~~f ~urh perton
is satisfactary to I.ender and that the intrr~.t payable ~~n the sum~ secured h<< thic Morteage ~hall be at such rate ac T.rnder
shall request. If [_ender has waived tfie opti~~n to accelerate pmvided in this paragraph 17, and if Bormwer'. wcccss~r in
interest ha~ executed a written assumption agreement accepted in writing b~~ I.ender, i.ender ~hall release BorroM•er from a!I
obiigations under this Mortgage and the Note.
If t_ender exercises sueh option to acceler~te. Lender ~hall mail Borrov?~er notice nf acreleration in accordanc~ ~th
paragraph 14 hereof_ Such notice shall provide a pericxl of ni,t Iesc than 30 days fmm the date the notice ie mailed within
which Bormwer may pay the sums declared due. If Borrouer faits to pay siich sums prior to the expiration of ~urh periexl.
i_ender may, without further notice or dcmand ~m t3~rrower. invokc an}• rcmedies permiued hy paragraph 13 hcrcof.
NoH-Utv~FORM Cove:v~tvTS. Borrower and I.ender further covenant and agree as foNows:
18. Accekratioa; Remedies. Except as pro~•ided in para~raph 17 hereof, upoo Borrower's brcacb of any coveaant or
agreement of 8orrowtr in l6is Mortgagt, includin~ the covenanfs to pay when due any sums securcd by this MortRa~e. I.ender
prior to accekratbo shall mdl notke to Borrower as pro~idcd in paragrap6 14 hereof specifying: (1) the breacA; (21 the action
reqnlred to cure sach brrac6; (3) a date. not les~ than 30 days from ti~e date the notice k mafied to Borrower. by which such
brwch must be cortd; aod (4) that f~+iture to curc such breach oa or beforr the date specified in the notice may result in
acceleratioa of tbe sa~ secnred by this MortgaRe. foreclosure by judjcisl proceedl~ and sale of the Property. The notice
shaU furtber inform Eorrower of the right to rcinctate after acceleration and tbe rigi~t fo assert in tl~e foreclosure proceeding
t~e aon-e:istence of a defauh or any uther defenu of Borrovse~ to acceleration and torecbsu~r. if the breacb is not cored on
or before the date specified in the notice. l.ender at I.rnder's option may declur ~Il of the snms secored by this Mortga~e to be
imtnedlatcly due and pay~ble without furlher demand and may foreclose thk Mortaa~e by judicW proceedi~. i.rnder shsdl
be tutided to collett in snch proctedi~ all ezpenses of foreclosure. includiu`. bnt not timited to, re~onabk attornev's fees.
aod costs of docnmentary evidence, abstracts and ~itk reporis.
~ 19. Borrower's R~6t to Reinst~e. Notwithstanding Lencler's acceleration of the sums secured by ~his Mortgage.
Borrower shall have the right to have any proceedmc, hegun hy I~ender to enforce this Mangage discontinued at any time
8a0x~81 Fac: 218