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l.cnder's w~ittcn ~grc~m~nt ar applirahlc lew. Borrower shalt pay the amount ot all mortgage insurance premiums in the
man~er providrd under parag~aph 2 hereof.
Any amuunis dishursed by 1 cn~ler pursuant tu this par.~g~aph 7, w~ith intercct there~~n, sh:+ll bec.~me additiona)
inJ~bledrnnsc ~~f &~rruwer secuted hy thi~ Mungag~. Unle.c Barruwer an~) 1 enJc;r agrce to olher terms of payment, such
amcxmts shall be payahlc uEx~n nutirr fn~m I.rndrr t~~ B~~r~aHrr rcyurtiling payment thcr~ti~f, and chall hea~ interest from the
date of dicbursemcnt at thc ~atc pa~•ahk tram timc to time un nutstanding principa) ~~nder thc Note unlesc payment of
intereu at such rate would he ronlrary ta applicable law, in which event such amounts ehall hear interext at the highest rate
pcrmissible under applicablc law•. Nnthing comained in ~hic pa~agraph 7 shall require I.cnde~ to incur any expe~se or take
any aclion hcrcunder. ' '
8. laspection. I.cn~ler may makc ~~r : au.r to Mr madc r~a.onable cntriec uMm and ins~tionc of tht Property, prmided
that l.cnder shall gi~~e Borruw~er notirr pri~~~ t~~ an~~ .uch impectii~n tipecifying masc~nable c.~uae there(or related to 1_ender's
in~crcct in Ihc Pm~xrty.
9, Condemnatioo. The pr~x~cd~ ~~f am• a~~:ird e~r claim for damagcx. Jirect o~ roncequcntial, in connection with am
condemnation or other taking of thr Propert}•. ~~r part therr~•L or for r~~m•r~~an~e in lieu of condemnation, are herehy ascigned
anJ chall t+c paid to l.cndcr. ~ !
in the event of a Io1at taking of the PmExr~~•. tt~c ~r.k~c~ls ~hall hc applicd t~ the sums sccured by thi~ ??iortgage.
w•ith the r~cccs. if anp, paid to Rorn.H~cr. In thc ~vcnt ~~f a parti~l taking thc Property, onlecc ~rmwcr and I.ender `
o~herwice agr~-e in w~iling. therr shall he applied to ~h~ ~um~ ,rc~~rc.l hr th~~ M~rtgage such proportion of the proceeds '
as is cyual to Ihat pro~nion ~?hich ~he amuu~~t ~~f thr c~im. .ecnred h~• thi~ \tortgage immediately prior to the date of !
taking bears to the fair markrt ~~aluc uf thc Pr~~{krty ~mmr.lialrh• prior to thc .latc <~f taking, w~ith Ihe halao~e of the proceeds
paid to Bormwer.
if lhe Propert~~ ic ahand~•neJ h~~ Barrowcr, or if. :dtcr n~~!ice h~• Lcndcr to Born•~•c~ that the rnndemnor ofTen ta make
an award c.r .eitk a claim f~~~ dama~r+. S~~rmw~~r fail. n~~x?nd to I ender w~ithin z0 da)'s after the date ~uch notice is
mailed. I.rnJer i~ ai~thori~ed to caUrct and :~prl~• ~hr prc.creds, at l.ender s option. either to restoration or repair of the
Proprrt}• or t~~ thc tum, .ccurcJ h~~ ~hi. ~1.•ris;:~gc.
Unles. l.ender and Borro~ver othen+•i~r aercc in ~~ritinL. am• ~uch applicatic•n ~f prc.c~eda to principa) sFiall not e~tend :
. . !
tir M~~OI~f1P thn r1~~v ~I:~t~ nF ~h~~ mnn~hl~ l~~.~ ;Ilm.~ntc r..f.-rr.•r1 tn tn n:ir~oranhc 1:~n~ ? hQmnf M chanQe 1~IC amnunt Af
. ~ r'-r-. .
~ suCh installmentc
' 10. Borrower No! Releaced. !?~tcncic•o of the time for pa}•mcnt ar modificatic.n ~d ~mortization ~f the sumc cerurcd
by thi~ Mort~age gr.~ttted M~ I cnJcr t~• am• .ucce~cur in intrrr.t uf Borrovrer ~hall n~•t o~rate to release. in an}• manncr.
' thr liahilit}' of die orieina) Burrower :~nd B~~rroa~rr'~ succcs.~~rc in interetl. I.ender ~hall not he required t~~ rnmmence
proreeJings against wch sucrecsor or refu.e t~~ c~ten.l time f~~r ~+:~~~ment or rnher~ice mc.dif~• amor~ization of th. ~ums
,e~ur~d hy thit Mortgagr h~• reacon ol am~ drman~i madc h~ thc ~•rieinal &ir~uw•er :~nd Bor~ou•e~ s succ~»or~ in imrr~~t.
I1. Forbcarance by I.ender \ot a Wairer. ~m f~~rt+raranrr h~ l rnder in e~crricin~ am~ right or remecfy hrreunder_ or
otherwise aflorded hy appliraMe law~. ~hall n~?t hr' :i v?•;+i~~cr of ~r preclude the c~ercise of am• such right or remed~•. ~
Thc prcxurement of insurance or the payment ~.f ta~c~ ~~r c•ther liens or charg~~c b~~ l.ender thall not he a waiver ~f l.ender's
right t~~ accrlcratc the maturity ~.f thc indchtcdnecs .ccurcd h~• thic ~1lortgagc.
12. Remedies Cumulgtive. All rcme~lie~ ~mvid~d in thic Atortgage are distinct and cumulati~•e to ~m• ~ther right or
reme~i~• under this Mortgage or atTorJed h~• I:IN' ~~f Cl~llilY. anJ n~a~~ be e~erciccJ concurmnth~_ ind.pendentl~• or succe:sivel~•.
13. Successors and Acsi~ns Bound: Joint and Se~eral i.iabilit;~': Captions. The crn-enants and agrcrments hrrcin
~on~ained shall hind, and the ri~htt nereunder +hall inurc t~. the rrcp~rctive succe~.~~rs and acsignc of l.ender and Bormw•er.
subject to the pmvis~onc of paraeraph 17 hrrcoL All cm•en:~nts and agr~~mem~ ~~f Borro~~er shall t?e joint and ce~~eral.
The captions and headingc of the p:+ra~r.~ph~ ~~f thie Mongagr are for conve~ience onl~~ and am n~~t tc. tx uced to
interpret or defiree thr provision~ hcre~f.
14. Notice. Ercept for any nntirr r~yuired unJrr applicahle law tu be given in another manner. (a) an}• n.~tice m
Borrow•er provided for in Ihis 11~rt~aer ~halt he ci~~rn h~ mailing ~uch notice b~• rrrtified mail addre~~ed to Borrouer at
the Propert}• Addresc ~~r at cuch uther :~ddrr.. as B~~rmwer m.+~ de~ignatc b~• noti:e to I.encier as pm~•ided herein. and
(h) am• nolice to l.ender ~h~ll t+e s:i~~n hr certifir~l mail. return receipt requected. t~ 1 ender'c addresc s~atrd hercin or to
such ~~ther addresc as I.ender ma~ J~~i~nate h~ n~~tir~ B~rr~~wer ac pro~ ided herein. Am~ notice pmvided for in this
Mortgage sh~ll be deemed to ha~~ h~cn ci••cn to B~rr~~~.cr ~~r Lrndcr Hhen gi~•cn in the manner de.ignated herein_
15. Uniform MortRaRe: Governin~ law: Se•erabilih. Thi, fo~m of mortea£c rombines uniform rnrenants for national
,
uce and non-uniform c.~~enan~~ ~cilh limitr.l vari~tii~nc h~ juri~.liction to constitute a uniform sc~urit}' instrument c~vering
real propert}'. This Mc~rtgagc shall Fx go~'crnrd h~~ th~ ~:IK Af thc juricdirtion in which the Property iti I~x:atcd. In the
event that any provisiun ~r clauk of thi, ~t~rtg~ce ~~r the \ate r~ntlictc ~~ith applicahle law•. such rnnflict ahall not affect
other pro~~isions af Ihi~ Me~rtgage or thr '~~~tr ~~hich ran tx: gi~'en etiect withnirt the conflirting pm~~icion, and to this
~ end Ihe pm~~isi~~nc of ~he 1~iortgaec and thr \~~t~ arc Jccla?ed tr he ~everahle.
16. Borrower's Cbp}. BorroH~r ,hall Fx furni.he~l ci~nf~~rmed ~op~• of Ihe Nate a~d c?f thic ~lortgage at_ the time
~ of execution or a(ter recordation hereof.
' 17. Transter of the Properl~; As~umplion. lf aN c.r ant pan of thc Prapcrt~• or an interest therein i~ s~~ld or transferrcd
by Borrow~cr v?ithoW l.ender's pri~.r Hrin~n c.•n.rm_ c~cluding la) the cr~ati~~n of a lien ~r encumhranrc wt+or~linate to
i this Mortgage, (b1 the creation i~f c~ ~ur~t~.~.~: m~~n~~ .~rurit~• mterest f~r household appliancea. 1cl a Iran~fer h~• devise.
~ descent or h}• ~peration uf law upon the Jeath ~~f a i~~mt tenant «r ld~ the grant of an~ kasehc.ld inierest ~•f three ~rarc or lesc
~ nol containing an option to purchas~:. I e~der ma~. :~t l rnder'. apti~m. declare all the wmc secured M~ this ~tortgace to he
~ immediately due and pa~•aMe. Lrnder chall ha.r .~a~~ed ~urh e•ption to accelerate i(. ~rior t~~ IFx .ale ~r trancfer. LenJer
~ and the peru~n t~ whom the Pmper~~~ i, a~ F.e :~~IJ ~•r ~ransferrcd reach ~grecment in Writin¢ that thc creclit of .urh percon
x i~ satisfaetory to Lender and that the intrrr,l pa~abk ~•n the sumc u~ured by thic Morteage chall be at surh rate a. L~nder
~ shall request. lf l.ender has waived the c.~ti~~n t~~ :~cceler:~~e pm~~ideJ in this ~?aragraph 17, and if Borrov?~er'~ ~uccessor in
~ interest has executed a written as~umpiion agreemrnl accepted in writing b~~ I.enJe:. LenJer ~hall re~cace Borro~•er from all
~ obligations under this Mortgage and the N~te. ' . '
3 If l.ender erercises s~~ch option to accelerate, t.ender .hall mail Bc.rrower notiee of acceleration in accordancr :+~th ~
~ paragraph 14 hereof. Such notice chall provide a{~eri~.d uf m~t lesc than ?0 da~~t fr«m the date the notice is mailed within
~ which Borrower may pa~• the sums declareJ due. If B~rro~er failti to pa}• sunc ~ums prior t~ the e~piration ~~f ;uch ~xnod.
& Lender may. withuut further n~~ticc or demand on H~rrower, im~oke am remedies rermittcd h~ paragraph 13 hereof.
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~ NON-UNIFORM COVev~N7s Borrowe~ and Lender further rnvenant and agree as foUows: ~
~ 18. Accderation; Remedies. Except a6 provided in para~raph t~ hereof. npoa Borrower's breach of s~ey co~enant or (
s agreemeat of Borrower in t6is Mortgsq~e. includin~ the covenants to pay whea dat any sams secured 6y t6k Mort~a~r. i.ender 3
prior to sccekrntfon s6ai1 mail notice to Bonower ~ pro~~ided in paragraph 14 hereof specifyi~: (1) t6e breaca; (2) the actioa
K requind to curc snch breach;l3) a date. not less than 30 days from the date the notice ts ma~ed to Borrowcr. b~ which we6 i
= bnach mnst be cared; and (4) fhat failurc to cure such breach on or before the date speci6ed ia tbe aotice may resWt in
~ accekratioa of tbe sutt~s secored by this Mortgs~e. foreciosure by judicial proceedi~ smd sak of tbe Prope~. The notice 9
shaU furthe~ inform Borrowcr of the riqht to reinstate after accekration and tbe rigbt to asse~t in t6e foreclosu~e proceedie6
the aon-esistence ot a defauN or any other defease of Borrower to acceleration pnd forecbwre. IE tbe brescb is sot cured on z
' or before the dste specified in ihe notice, I.ender at l.ender s option may declue a0 uf the sn~s senred by tbis Mort~a~e b 6e
~ imtnediately due sad paysbk w~ithouf furlher demand and m9v foreclost t6is MotiAa`e by judkial proetedio~. I.ender shall
w~ be eutitled to co0ect in snch proceeding all expenses of foreclosurc, includiug. Mit aot timited to, reawaabk anumev's fees.
~ and costs ot docomentary evidence. abstracts and title reports.
~ 19. Borrower's Rig6t to Reiastate. Notw~ithctanding l_encier s acceleration of the sums xcured by th~s Mortgage.
~ Borrower shall have the right to have any prcx:eeding, hCgun hv 1_ender to enforce this Mortgagt dixontinued at any time
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