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Lender's written agrceaaent or appL: aMe ?ie~ .~t:m~.~ rn:eil puy ch~c amuunt uf all mortgage insurance premiums in the
manner provided under paragrapb 2 t~eracd
Any amounts disM~rsed M~ Lencbr ~ur•;uh~,n a,r ~fen~ pu~rapb 7, with wtetrst thercon, shall became additiona!
indebtedness of Borrowrr secuiod bti chK aAcrn~;apc l~niew? B~.~rruwrr and LenJer agne to othe~ terms of payme~t, such ~
amounts shaQ he paysMe upcx? nc•tioe frc.m i.antlar a,r Sa~r reyu~u;ng payment thereof, aad shall bear interost from the
date of disburseme~i u the nu pa~~at~ frcna ~nnr t~ ame .xf .wts~nding pnncipal under the Note unlcss payment ot
intercst at such rate would bt concran~ u+ ~q?~~ik ?.iw. ~e +~t~~ch event wch amcwnts shall bear interest at ihe highest rate
permiuibk uoder applicabk taw-. Ncahmg cxqaeiinoe :a: ri~,s ~.egrapb 7 s~all rcquire tender to incur any expense or take
any action hercuuder.
8• luspectioa. LendN ma~• mai;,c nr i:a~wr z.a 3r m;abc re~,~una~ rntries upon and inspections of the Propeny, provided
that I_ende~ shall give Borrower ncnicc ~ricrr ~a u~ ws~ ~n~a;nun ~pecifying re:~conabk cause therefor related to I_ender's
i~tercst in thc Propttty.
9. Coadeauatbw, The prn~ads cd una ~xxd :.~r ~isum fue~ dama~s, direct or cvnsequential, in connection with any
condemnation or other tal:ing of the Prc~em . r.r ~~rretif. ~x fur ~.mveyance in lieu of condemnation, are hercby assigoed
and shall be paid to Lendrr.
In the evrot of a trtal ial-in¢ c?f ih ~rrq~cr,~x_ shaD !x applied to the sums secured by this Mortgage.
with the ercess. if an~, paid to BaTOx~er. $n fl~c ~cuenr: af pautial tsking of the Property, unless Borrower and Lender
otherwix agrer in writin~. thef+e zhxll hr a~gel~ ~ c~r wmd ~ecure~f by this Mortgage such proportio~ of the proceeds
as is equat ta that pmportion w~i?ich tfir xmcu~re ,se aEhr ~.;~urecf bv this l~tortgage immediately prior to the date of
taking bean to ihe fair marlet ~alue ni z~e ~-yr.-~x ~~:~triv priur to tlx Jate of taking, with the balance of the proceeds
paid to Borrower. .
if the Property is abandc+tied br ~rrnwc~ .~7 .it~z m~~-r Fyv Cender to Borrovvtr that the condemnor offers to make
an award or xnk a claim fnr dsms+g~. $ra~r.~ ~nt!~ ;x,T r~{h~nd tu Lender within 30 days after the date such notice is
mailed. Lender is authaiu~d tc? cnik,ct snd ~?a ~r ,it Eender's option, either to restoration or repair of the
Propeny or to the sums serurcd M- t~~s ~6c~rtpes
' Unless 1_ender and Bc?rrov?~er other~•eir ~ iir. a.ri~r.~ anQ ~u~A appiication uf procreds to principa) sha1) not extend
or postpone the due dztc of thc mc?r,thh insu~itm~r~ tu m para¢raphs 1 and 2 hereof or change the amount of
such installments. ~
10. Borwwer Not Aeiea~d. ~?-icnsi.~n ;rd ~r a~ *`r ~svrtrent oc modification of amortization of the sums secured
by this Mortgage grantod b~• Lender ~c• sm ~~~~~~e ~rr• i~c~~ uf 8orrower shall not operate to release, in any manner.
the liability of the origina] Bc~rmwcr and ~:+-s~r
~~~~ce~x~rc in interest. Lender shall not be required to commence
procce~lings against su~h successar or rr.fuoe ~~-~ne~rtiF cme f~•r pavment rr othenvise modify amortization of the sums
secured by this Mortgage 2n• reascm c~f um .tlamm~8 m~u~c ba rhe ~ri~tinal Borrowe~ and Borrower's successors in interest_
U. Fw~ara~ce i~ I.e~ier !~wt a~ai.~. i-~u ttr~cr bv Lencier in e~ercising any right or temedy hereunder, or
otherwise affordaf by ap~licable law-_ s~a7; nea ::~r k va:r;xer af ur ~xeclude the exercise of an~• such right or remedy.
The procorement of ituuurance or t1~e {,asm~e~II ~t Rn~ w* acfi~r tiens vr cfiarges by Lender shall not be a waiver of Lender's
right to accelerate the maturih• af ti~e ~+r:u~ F~ chis Si.xt~age.
12. Rt~ne~es Cw~la6re. Ail r~ ~ueu~~SE :a. tfrs~; ~i~,rtgage are destinct and c~~mulative to any other right or
remedy ut~der ihis Mortgage or a$orcied tn 7ax .•v awucu. ;~u~£ mu.~c be e~erci~d concurrend~~, independently or successively.
13. Saccessors ay As~as i~~~ iir ~ 5nerai [io~t~; Captioas. The covenants and agreement~ herein
contained shall hind, and the rights lurcuirtier ~ha71 m~ce aT t[rt recpecrive successon and assigns of Lender and Borrower,
subject to the pro~~sions of paragraph 1% ieer.erzrf ;T ,:vYerr:u~ ;ind agreementc of Borrower shall be joint and several.
The captions and hesdings of the para~:riq~x .,-d :ttih~3~•rtgr~te are f~~r convenience only and are not to be used to
interpr~t or define ihe pro~•isions herecr~.
14. Notice. Except fc~r am• nc.t~ce sr~u"r~+8 :a,~x- :~~pi"~;:i6te faw t.• be given in another manner. (a) an}• notice to
Borrower provided for in this Mortgu~r s-tcxtl ~e ~.~r. :~c m;alin$ ;uch notice by certified mail addressed to Borrower at
the Property Address or at such ca}~er bc}t}rr~ .ie, .r„awvn- macc designate by notice to i_ender as provided herein. and
(b) any notice to Lender shatl t+e given }n ~r.t~ioE 1r,nP~ :-e~urn receipt req~sted. to I ender
s address stated herein or to
~uch other address as Lendu mati dcsisnute ~a ~,~r ti* S~•rrcnver as provided herein. Any notice provided for in this
Mortgage shall be doemed to ha.r ~een giuen 1r+ ~rr.~:~v~eer or ~euder v~hen given in the manner designated herein.
l5. Uaiform Moe~ Ga~+eaai~ [s~ 3e.~}_ 1~his term of mortga~ge combines uniform covenants for national
use and non-unifotm covenant~ w~itfi Iimitc~ a~:x;.m~ ~e :ur~icrian to corutitute a uniform security instrument covering
rea) propen~~. This Mc?rtrtea¢e shalt t~c ~ernr.Ti ~ di~r Eaw~ af t~r jurisdiction in which the Properiy is located_ In the
ever+i that any provisio~ or claiise c~i this ~rxcx~ ar. r~ ti.x~ cunfticts with applicable }aw, such confliet shal! not affect
other pro.•isions of this Mortea$e or thc ~rar a~,~:n ~-ra 6e stsven effect wethouE the conflicting provision, and to this
end the pro~•isions of thc Mortgage ~l the 1:cnr .xg ,~;are~ t~ i~e gevera(~ie_
16. dorrowrer's Co~}•. Borrnwtr si~sil i~e ~lr-n~:i~f ~unfvcmed copy of the Note and of this Mortgage at the time
of executior~ or aiter.racordatiwE hur.~d.
19- 7'ra~sfer of tLe h~e~elt~: R~. .~1 .:c ~v ~art uf che Property or an interest thcrein is sold or transferred
by Borrower without I.ender's pric?r a~-rincn ;,,~rr., ~;:i43n~t ~ai the creation of a lien or encumbrance subordinate to .
this Mortgage, (b) the creation crf a~ur;,fixor ~m.~ ~uric,< <nt~resr for househoid appliances. (c) a transfer by devise.
descent or by operation of )a++ vpcm t~r t~ x:?:nic t~~r ~•r ~~f~ the grant of any leasehold interest of three years or less
not containing an optian to purchase. l.encl~ mir... ,ir ~en~r+ ~~m~•n. declarc all the sums secured by this Mortgage to be
immediately due a~ pa~~abk. i~nder stsa3l ~~r w,•+~ ~ch ~q~rcion to acceterate if. prior to the sale or transfer. Lender.
and the person to wfiom the Pro~ertt• n en ~r ~riiB ar- e-~n~rred c~ach agreement in writing that the eredit of such person
is satisfactory to I.ender a~ that the :imsrcya ~uas~~ ~n :iie ue~ secured by this Mongage shall be at such rate as Lender
shall roquest. if t.ender has ~aivod ~he c.}s~~cm ~.a.-~d~-.ue provided in this paragraph 17, and if 8orrower's successor in
interest has exccuted a written a~smnptwn u~n~m a~~ iir v~riting by Len.ier, Lender shall release Borrower from al!
obiigations undtr this Mortgage and thr `?+re~ .
If iender eaercises such c~st~cm tn .acccics,~t ~~4er ,ftati mail Borrower notice af acceleration in accordance with
paragraph 14 hereof~ Such naeioe sfiut~ ~;~?u.e~e ~~er.,.~ ur nut tess than 30 days from the date the notice is maited within
which Borrower may pa~• the sums de.;4,fr,eel ;fiu~ is ~-rc-.~wer r,iiLS tu pay wch sums prior to the expiration of such period. _
Lender may. withaut furtt~er notic,e c.r tlema~ ,rm 9wc7s~w~er ,rrvol~e any remedies permitted by paragraph 18 hereof.
NoN-UN~Fae~.r Cov~wrrrs. ~nrsowcr ,sni'i 1~ furti~r covenanc and agree as foitows:
18. Acceleratio~ R~~c+i'ec. F,:,e~t ~~w~iii i~ ~sa~ea~i tT 4reof, sros aorr~wer's brrach of any rnvenant or
agreeme~t oE Eorr~uw~er i~ 1~'s ~Mr~e, a~3i~ ir ewa~rs r~ win ~se my wms secand by thts Mortgage, Leoder
prbr b accekratioo srai d s~iQ ~ irw~Q s/~w~iii 14 rereot specifyio=: (l) the breacb; (2) tbe actioa
reqoir~ed 1o c~e ssc~ i~eac~ p) a i~e, ~rrt ies ~ 3r i!s ir~ de i~e t~e ~otke is ms~ed to Bornower, by whk6 aucb
breac6 ma~t ~e ~ a¦i (y iit ~aie r~~si i~a~i ~s ~r tiefere t~e iate spec~ed !a the ootke mAy nsdt in
accderatiow af Iie sws sec~ei iy iis ~ iw+d~e ricid lrocee~ aed sale of tbe Property. '1Le notlce
sh~di fortLer i~forw M~ewer r+i ie a~ ~ei~~ a/~ accdm~ ai tre ri~t b a~crt in the foreclowre Pmcced~g
t6e oo~-ezktesee d a ieEaYit sr sy iQ ii~r i~.Q tr sceeie~afiw" a~ forecfosure. If the bre~eb is oot cared on
or before ttie L~e s~eeiiei "s ie aict ~aier at [a~is'~ ~ii ~r ieeh~e aY of the m~s seenred by this Mortga~e to be
imnx~a~dy die s~i pya~ir wil`wit i~i~ i~~i ~i rs f~~1~se ~is Mort~e by jndkW ProceedinB. Lender s6a11
be estided to colieet i~ acl~ ~waK+i¦~ ~ 4~ ~f ~we~i~ ici~~• b~t aM limited to, reasona6le attorney's [ees.
aed costs d~ e~iie~c~e, ai~ac~ ai ~ 4~
19. D~w~"s R~t r ~ei~e. ti~ca~a~mm~ E.esr~iers accekratioo of the sums secured by this Mortgage,
Botrrnver shall have the rigbt w~av,e .a~ ~ be~cR: bg Lender to enforce this Mortgage discontinued at any time
e ~RY ~J~ f v~;E ~~~.r