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1 cndrr's writtcn aRre«ucm or app6rahle law. Bo~rower shall pay thc amount of ail mongage inw~ance premiums in the
mannc~ providr.l undcr paragraph 2 hercaf. ~
Any amounts dishi~~sed hy l.cnJcr punuant to ~his paragraph 7, with interext thcreon, shall become additianal
ind~htrdncss of Borrow•cr securcd hp ~his M~~n~agc. Unlr.. BorruHCr and I cnJcr agree to othe~ terms ot payment, ~uch
amountc shall be pa}~ablc u~x~n n~aire fr~?m l.~ndcr to Bu~rowr~ reyuesling paymrnt there~~f, and shall hear interest from the
date M dishursement at the ratc payahle f~~~m time to time o~ outslanding principal under the Note unlesc payment of
intere~t af ss~ch rate waul~l he cn~tran• t~~ annlicable la~~•, in which event such amounts shall hear interect at 1he highest n~te ,
permissiMe under applicablc law. Nuthing conlained in lhic paragraph 7 shall require l.ender to incu~ any expense or iak~
any action hcreunder. ~
8. Inspeelioo, I.cnJer may malr ~~r rau,r to tx: made rca~onahte ~ntriec u~x~n and iosnectionc of the Property, pro~~ided
that l.ender sh~ll give 13urrower ni~ti~•r pri~~r ~u an~~ wch imrerti~~n cpecif~•ing rcasonable cause therefor related to I.endtr s '
intcrcet in thc Propcrty. ~
' 9. Condemnatbn. The pnkeed. ~~f am• a~~:~rd ur claim for damaers, direi~~ ~r conceqln;ntiat, in conoection with any 3
condemnation or othcr laking of Ihc Pm~xrty, or part thcm~~f, or f.c?r run~~e~•ance in licu of condemnation, are hereby assigoed '
and shall Fx paid to Lrndcr.
lo the e~•ent of a t~+tal takine ~~f ~h~ Prarx r~~•, thc pru:ecJs chall tx applic~l t~• ~he cums secured by thic Morigage.
with the c~ress, it any, paid to Bi~rmH~cr. In ~hc rvcm ~.f a ~artial taking ~.f the Property, unless Borrow•er and Lender '
c~therwiu ;~gree in writing. thrrc shalt he app6cd t~~ the .umc ~ecurzd b~• thic Mort~age ~uch proportion of the proceeds ~
as is equal t~ that pm~rti~~n ~~hich ~he amuun~ ~,f ~he sum~ ~crurcd b~~ lhic ~1orlga~ee immediately prior to the datt of `
taking bears to the fair market valur of thc Pm~xrty imm~diatcl~• priix to thc ~latc of takiog, w•ilh the halancc of the proceeds
paid to Borrower.
If the Pmperty i~ ahandoned M• Borr~H•er. or if. after n~ticc b~• Lrnder to Borr~.w~er that the condemnor offers to make
an award i.r settle claim for Jamag~~, R~~rruwer fail. t~~ rc~pond U~ l.ender within ZO day~ afler the date such notice is
mailed. i.endcr ic authori~cd to a?llcrt and :?ppl~~ thc pn~cccdc. at Lcndcr'+ ~~tion. citfier to resroration or repair of the -
Pro~r•?~}• or t.~ thc sum~ .~YUrcd h~~ ~hi. \tc?rieaer.
Unlese Lender and Aorroti~er ~~hrruite aerec in ~critini. am• su~h applirati~n ~f prckeed~ to principal shall not extend
w~~~i~xri~c ii~c uiic ii:iii: :~i iii~ :il:. ;Il.;:,~e~ .~f~.~r_.ri ~n in nar~nra~h~ 1 and ~ hCROf or changc the amount Of
such ~n~tallmentc. ~
ld. Borrower Not Releaced. f:~t~n~ion i~f the timc fur pa~~ment or mcxlific.~ti~~n iif amortizalion ~~f the sumc secured
by ihis I?i~~rtg:~¢e g~antcd hy I cn~lcr 1~~ anr .ucrr.,~.r in intrrc~t .~f Rc•rm~cr ,hall nat o~x:ratc t~ rclcasc. in any manncr.
Ihe liability rl the original Borrow~r and R~~rrow~r'. su:crt.~~r~ in interect. I.ender ~hall not he rcquircJ t~• e~mmence
proceeJings ag~inst sueh auccecsor or refu~e t~ C~ICnJ timc for pa~•ment or atherH~i~e mcxiily amortizat~on of thr .ums
se~ured h~~ this Mort~age by reacun uf :in~• dcrnand made b~~ thc oreeenal Bormwer and Bnrrox~er s siiccr~~ors in intcrett.
I1. Forblarance by Ixnder 1ot a~Yai.er. -~m f~~rtxarancr h~ l cnder in erercising am~ right or remedy hereunder. or
othenvise afTorded hy applirable IaH-_ .hall m•t Fx a w~ai~~cr of or preclude the exercise of am• such right or remedy.
The pro~urement of insu:ance or the pa}~mrnt ~,f ta~e. ar ~~ther liens or charges b.• I.ender shall not F?e a a•aiver of I.ender s
righf t~~ acrcicratc thc maturit~• of thc indcMcdnr~s .crtired hy thic Mortgagc.
12. Remedies Cumulative. All rcme~lic~ ~rovided in Ihic ~lortgage are distinci and cumulati~•e to an~• ~ther righl or
remeJy unJer thi~ Mortgage or atT~~rd~d h~• la« ~~r eyuit}•, :~nJ may he exerrikd rnncurrcntl~•. independenth• or sucrecsivel)'.
13. Successors and Assi~nc Boond: Juinl and Se~er~l I.iabilih•; Captions. The covenants and agreements herein ~
contained shal) hind, and the riQht~ hercunder .h~ell inure to, tbe reapective succeti~or~ and a~signc of I.ender and Bormwer.
~ubject to ~he provitiom uf paragraph 17 herec.l. .All co~~~i~ants and agreementc of Born~~~•cr sl:all he jr.int and ~e~~eral.
The raptionx and heading, of the p:ir:~eraphc ~~f thic M~~rlgag~ are f~r convenicnce ~.nly and arc n~~t tc, he used ro
intcrpret or define thc provici~~n~ hcrc~•f.
t4. Notice. Eire~t for a~~y n~~~~;r rcynir~d umhr :~pplic:~hle law• 1~~ be given in another manner, (al am' ~oticC t~
Borrow-er provided for in thic '~te~rtga~se .h:~ll tx givrn ht~ mailing coch notice by rertified mail addressed to Bormw•er at
the ProEx;rty AJdre~~ ijr at ~uch other a~idr«~ :~c B~+rr~~HC~ mac de.ignate by notice ro I.ender as pro~•ided herein, and
(b) am~ notice to (.enJer shail t.~ gi<<n h~~ ccrtifird mail_ return receipt reyue~ted. to t ender s address stated herein or to
such olher addresc as I.erider ma~ designate h~~ n~~tirr t~~ Borre~wer as pm~~ided herein. Any notice prrnid~til for in this
vlortgage shall be deemed to ha~c tk:cn e~~~en to R~rr~~~tirr ~,r I.cnder w•hen given in the manner deaignated herein.
15. L3nifonn Mort~a~e: Go~-ernin~ I.aN; Se~erabilitc. ~Thi. form of mortgage rnmhines ~miform covenants for national
ute and non-unife~rm a~.•enant. with limitc~i ti~ari:~ti~~nc hc juri~dictii~n to conslilute a uniform securit~ instrument rnvering
real ptoperl~•. Thic Mortgage shall he ~~w~rned h~~ the I~w• c~f the jurisdicti~m in w~hich the Property is Icxated. In the
event that :~ny pruvisi~in c~r clauu of thi. 41~~ngagr ~~r thr \ote c~ntlictc with applirable law, such conflict shall nat atiect
other provisiom of lhic !ltortgagr ur Ih~ ti~,tr KhicR c:~n tx gi~•rn efTect ~ithout the rnnflicline proti•ision, and to this
end the provicions of the M~rtgagr and thc \o~r .~re ~Ir~larcd t~~ hc acveraMc.
16. Bomow•er's Cop~. Borro~~er ,hall F.r furni~he~f a ~unformcd rop~• of thc Notc ~nd of thia Mortgage at the time
of execution ~~r after recordation here~~f.
17. Transfer of the Pmperl~; A~sumpliun. if ali_~~r:mc part of the Pmpert}• or an interest therein ie si~ld or transferrcd
b~~ Borrouer N~ithout 1_rnder`.t pri~~r writtrn :~~ment. r~cluding ~a~ the creati~n of a lien ~r cncumhrance suhordinate to
thic Mortgage. Ih) the rreatic.n <~f a ~ut~h.~.e m~+nr~ krurit~ mterest for household applianee~. Ic) a tran~fer h~• devise,
deticent o~ hp opcration of laa~ upc~n the Jrath ~~i j~~int tcnant ~.r (~t~ the grant of am~ icaseh~id intcrest of thrcr t•r~r. or less
not containing an option to ~+urchase. i end~r mat. :~t Lrnder'~ .~pt?~n. declare all the sumc secured M• this M~?rtgage to f~e
immediately due and payabie. Lrnder ~hall h;~.e .+:~nrd .uch option acc~lerate if, prior to the .ale ~,r transfer. I.enJer
and the person to whom the Property i, tu Fx ,~.1J ~~r trancferred reach agreement in writing that the credil of wrh person
i~ satisfactory to LenJer and thal the intrn•.t pa~:~Me ~~n the sum~ kcured by Ihi~ Mortgage shall be at si~ch rate ac Lender
shall request. lf I.ender has waived the ~?pti~~n a~ acc~ler:ete pmvided in this paragraph 17. and if Borrower'. u~ccessor in
interest hac executed a w~ritten assump~ion ~grrema:nt accepted in writing by Lender, i_enJer thall releace Borrow~er from all
obligations under this Mortgage and the N~te.
If i.ender ezereises such opti~~ to acc~lerate. (.en~ler ~ha(i mait BorroKer notice ~f aeceleration en areordancr ~+i~h
paragraph 14 hercof. Such nc?tice ~hall provide a~xri~~~! of not less than 30 days from the date the notice ic mailed w•ithin
whieh Borrov?•er may pay the sums declareJ due. If Bnrrower faik to pap siich sums prior to the expiration of ~uch Fxriud,
l.ender may, without further notice or eirmand ~~n Fic,rmwer, in.•oke an~ remedies permftted h}• paragraph 13 hereof_
I~/V1V-VJtlItVKM I,VVG.~ni~T~. a~iv~iv:.~:. :_~,^.•1.~f (~~n{.o~ _n.~snot+l a?~f~ aOTPr a4 fQ~~(1WS:
18. Accderatioo; Remedies. E:cept as pro~ided in paraR~ph 17 hereof. upon Bormv?er's breach of any co~eoant or
~rcement of Borrower in this Mortg~e. includin~ the covenants to pay when dne any sams secnred by this I?tortgaqe. i.ender
prior to accekration shall mail ootice to Borrower ac provided in parr~qraph 14 hereof specNyinE: (l) the breach; (2) tht actan
required to rare suc6 bnach; (3) a date, not Ic~s than 30 days from the date the notice is maikd to Borrower. by which such
breach must be cared; and (4) 16at failure lo cure snch breach on or before the date speci!'ied in the notice may rault ia
accekntion of t6e sua~ securcd by this Mortga~e. foreclo.wrc by judjcisd proceeding and ssk of the Property. 'ILe notice
shall further_inforrrt Borrower of thc ri~ht to reinstale after accelerotion ~nd the right to assert in the forecbsure proceedin~
the aon-existence of a default or any other defease of Borrower to acceleration and forecloaure. If tht breach is oot cgred oa
or 6eforc the dste specified io the notice. l.ender at I.ender s option may declarc all of the snms secnred by this Mortgsge to be
immedistely dne and payable w~ithout furlher dem•rnd and mav foreciose thls MortRag! by judkial pracetdi~. Lender shall
be eotided to collect In snc6 proceedireg all e:penscs of foreclosurr, includin~, but oot limited to, rcasoaable attornep's fees.
aad costs of docuaxntary evideoce. abstracts and ~itk reports.
19. Borrowe~'s Ri6ht to Rei~tste. N~Kwithstanding l.ender s acceleration of the sums secured by th~s Mortgage.
Borrower shall have the right to have any proceedings hegun hy I.ender to enforce this Mortgage discontinued at any time
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