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l.e~der i written agrecment or applicabk law. 8orrower shail pay the smount of al! mortg~ insurance prcmiurru in the
ma~r~er providec! undor' parag~aph 2 heroof.
Any amou~ts disl~uised by Leodcr pursuaot to this paragraph 7, wilh intetxst theteon, shal) becomt additiona)
imicbtedness of Borrowc~ secured by thic Mangagc. Unlctc 8onower anJ l.e~Jer agree to othet ternu af payment, such
amounts shall be payabk upon notice fr~m i.c~der to Bu~n~wrr requcs~ing pa~mcnf the~eot, ancl shal) bea~ inter from the
date of disburscmcot at the ratc payable t~~m time to time ~~n a~tslanding p~incipal unde~ thc Note unless yment of
interest at such rate would be contrarv ta applicable law, in which event such amounts shall l~ear interest at the ighest rate
permiuibk under applicabk law. N~?thing contained in Ihis paragraph 7 shall requirc l.ender ta incur any ea or talce '
any action hercunder. +
S. laspectbw. I.coder may make or rau.c to he madc rcasnnable cmriec u~n and inspectians at the ropeNy. provided
that I.ende~ shall give Borrawer noli~ti priur 1o any such inspection specifying rcasonabk cause therefor related to I_e~der's a
interest in the Property. ~
9. Coademnation. Thc prcxccd~ uf ;my award a~ claim for damages, direc~ or consequcntial, in connectian ~vith any ?
condemnation or other taking of Ihe Property. ~~r part therrnL or far comeyance in lieu af ccu~demnation, arc hereby assigned
~nd shall be paid to Ixnder.
ln the event af a tolal taking of the Propcny. thc p~cx:ceds ahall bc applied to ~hc sums securcd by this Mortgage, `
with the excess, if a~y, paid to Bc~rmwcr. In thc cvcnt of a partial laking .~f Ihc Pmperiy, unless Rorrower and Lende~ ~
otherwise agrce in writing. ~hcre shall be applied ~o thc ~ums sccurcJ M thic Mar~gage such proportian of ~he proceeds
. as is equal to that praponion w•hich ~hc ami•unt ~.f thc sum~ uxurcd by this Mortgagc immcdiately prior Io the date of
taking bears to the fair market value of Ihe Propert~~ immediatcly prio~ to 1he date of Iaking, with the balance of the proceeds t
paid la Borrower.
lf the Property is ahandoncJ by Borrowcr, or if. aftcr notice hy I.cndcr to Bormwer lhat the candemnor otfers to make r
an award'or settle a claim for damage~. Bormwer fail. tu re+{x~nd to Lender wilhin 30 days after the date such notice is ~
mailed. Lender ic authorizcd to coUcc~ and apph• thc procecds. at i.ender ~ option. either to restoration ar rcpair of the
Pro~xrty or to the sumti secured b~• this M~rteaer. ~
Unlesc I.enckr and Borrower othervvicr agree in w~riiine. an~~ cuch application of proceeds to princepal shall not extend
or pcxtpnne the due date of the monthlv in~~allmcnts referrrd to in parag~aphc 1 and 2 hereof or -change the amount of
such installments.
10. Borrower Not RtirasM. Eztcnsion of thc time for p;?ymcnt or modificalion of amortization of the sums securcd
by thic Mortgage granted M I.enJe~ t~~ am• ~ucce~sor in imere~t of Borrower ~hall not operate to release, in any manner.
thc liabiliry oi' Ihe original Borrowcr and Born~w~cr'~ succcscar~ in imerest. I_ender shall not bc requircd to rommenrc
proceedings againsl such sucressor or refuse tc. ertenJ time for paymeni or otherx•ice modify amortizat~.m of ~hr ~~~ms
secured by this Morigage by rcau~n of :?nr demand made b~ the original Rorrower and Bormwer s succescars in intcrect_
11. Forbearance by Ixnder Not a Wairer. :1n~• f~rt?carance b~• I.ender in crercising anV right or remcdy hereunder. or
othenvise afforded by applicable law_ shall not be a wai~er of or preclude the exercise of any such right c?r remedy_
The procurement of insurance or the paymcnt of taxe. or other liens or rharges by l.ender shall not he a wsiver af Lender s
right tn accelerate the maturity of the iodehtedne~s secured hy thie Mortgage.
12. Remedies Cnmulative. All reme~lies pm~•ided in this Mortgage are distinct ~nd ci~mulative to any otF~er right or
remedy undcr this Mortgagc or afTordrd h~~ la~• ~r cyuit~. and may he cxerciscJ rnocurrcntly, i~dependenN~• or succeaivch•_
13. Sncceswrs s~nd AssiRus Bound: JoFnt and Se~eral I.iabillty; C.aptlons. The covenants and agrecmems hcrein ;
contained shall bind, and the rights hen:under shall inure to. the n,~spective succecx?rc and aaignc of Lender and Borrower. '
subject to the provisions of paragraph 17 hcr~~L All rnvcnants and agrecmcnts of Borr~~wer shal( be joint and several.
The captions anJ headings of the paracraph~ of thic Mortgage are for rnnvenience only and are not to he uced to ~
interpret or define the pravisions hercof.
14. Notice. E~cept for any n~.ti.c r~yuircd under applicable law- to be given in another manner. (a) an~ notice to '
Borrowe~ provided for in this Mortga~e ~hall he givrn hy mailing wch notice by certified mait addresced to Bormu•er at .
the Property Addrecs or at ~uch uther ~ddrcc, as iiorr~~u~er ma~• designate b}• notice to l.ender as proviJed herein. and
(b) any notice to Lender shall he givcn h}~ certifird mail. retum receipt rcquested, to l.ender s address s~ated herein or to
such other address as l.cnder may dc~ignate h~~ n~tirc t~~ Bormw~er as pravided herein. Any notice provided for in this
Mortgage shall be deemed to havc becn givcn ta R~rrowcr or I.cnder w•hen givcn in thc manner designated herein.
IS. Uniform MoKRa~e; Gorernin~ ta~~; Se~errbilih~. This form of mortgage combines uniform rnvenants for national
use and non-uniform covenanic v?•ith limited ~•ariations h~• juricdiction to constitute a uniform security instrument covering
real property_ Thi~ Mortgage shall h~: ~~~vernrd M the law of the junsdiction in w~hich the Property ic located. In the
event that any provision or clau~e of thi. l~tortgage ~~r thr Note eonfticts W~ith applicabte iaw, sunc ~anflict shall not affect
other provisions of this Mortgage or the Ih~nr ahech c~n F?e given etfect without the conflicting pmvi~ion, and to this
end the pr~~visions of thc Mortgage and thc Votc arc .IrcJarcd to he severablc.
16. Borrower's Cop~. Borrow•er shal) t?~ furni~hed a co~formed cop}• of the Note and of this Mortgage at the iime
of execution or after recordation hereof.
17. Transfer of fhe Properir: Acsumplion. it aR ~~r an~~ part of tbe Pmpcny or an interest therein is sold or transferrcd
.by Borrower without i~nder's prior writi~n «~men~. e~cluding !al the crcation of a lien or encumbrance sutx~rJinate to
this Mortgage. (b) the creaUon of a pur.•ha.c mnnr~• tiecuritv interest far household appliances, (c1 a transfer h~~ devise.
descent or hy operation of taw upon thc dcath of a juint tenant or (d1 the grant of ant• lcasehald interest of thrcc }~r~rs or lcsc
not contaer~ing an option to purchase, I.ender may, at I.ender'~ option. declare all the sums secured hy this ~1lortgage to be
immediately due and payable. I_ender shall ha~•e ~+:u~•ed such option ro accelerate if, prior to the sale or transfer. LenJer
and the person to whom the Propert~~ i. ta tx ;ol.l .,r transferred reach agrecment in writing that the crcdit af .urh perton
ic satisfactory to Ixnder and that the interr.t pay~able ~m the sums secured b}• this Aiortgage shall be at such rate ac i_ender
shal! request. If I.ender has waived the option to accelerate pro~~ided in this paragraph 17, and if Barrower i,uccessor in
interest has executed a written assumpiion agreement accepted in writing by I_enekr. Lender shall release Borrower fmm all
obligations under this Mortgage and the Note.
if [.ender exercises such option to acrelerate. !_enJer sha!! mail Borrower notiee of acceleration in accard:~ncr ~ih
paragraph 14 hercof. Such notice shall provide a pericxi of not lesx than 3Q da~•s from the date the notice is mailed ~+ithin
which Borrower may pay the sums declareJ due. If Borrower f:?ils to pay such sums prior to the expiration vf cu~h ~xri.xl.
Lender may, without further notice or demand on Borrow~er. invoke am• remedies permittecl by paragraph 14 hereof.
Nox-UN~FORt~t CovEx~?rtTS. Borrower and l.ender further covenant and agrce as follows:
18. Accekr~ion; Remedies. Excep as pro~-ided in paragraph 17 1?ereof, upoa Bormwer's breach of any coveaant or
a~greement ot Borrower ia this Mortgage, iacluding tl~e co~•enanis to pay when doe any soms secored br thk Mort~aRe. I.ender
prior to accekratbn s6aU msA nodce to Borrower as provlded fn pua~raph 14 hercot specHying: (1) tbe breacb;l2) the actioo
requjred to enre soch bresch; (3) s date, not less than 30 days irom t6e dste t6e ootice ~S malkd fo Borrower. by whkh suc6
breac6 must be cared; and (4) that failure to cure sucb brcac6 oa or before 16e date specified in the aotlce may result ia
accekration of tbe sams secared by tl~ Mortga~e. forrclosurc by jndicial proeeedi~ and. s~de of tbe Property. The aotice
shall furthcr infora+ Bonower of the rigbf to reinstate after accekratioo aad the rig6t to asseirt in the foreclosure pmceedi~
the noa-~ktence d a defanlt or aoy otl~er defease of Bonower to accekratfon aad foreclosnre. If tbe breacb is not ca~ed on
or before the date speri~ed in the notice. Leader at (.ender's option may dectare a~ of tbe sems secnred by t6b Mortga~e to be
iwmedis~tely due aad payabk wit6oot fnrther demand and mar forrclose tbb Mort~a~e by judicial proceedioR. i,en~er chall
be entided to col)ect ~ soc~ praceedin~ all e:penses of foreclosore. Incladiu~, b~t not li~sited to, rt~onable atturney's fets,
aod costs of docomeetary eridence, abstracts and litk rcportc.
19. Eornower's Ri~6t to Reiastste. Notwit6standing i.ender s acceleration of the sums secuted by this M~rtgage.
Borrower shait have the right to have any proce~:d~ngs he~un hy 1_ender to enforce this Mongage discontinued at an}' time ~
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