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l.cndc~'s written agrcement or applicablc lew. Borrower shall pay the amount of al) mortgabe insurancc premiums in the
mannrr providcd unde~ paragraph 2 hercof.
Any amounts dishurscd by I.enJer punuant to this paragraph 7, with interest thereon, shal) herome addiiional
indebttdness i~f BorroN•er ucurrd by lhis Mortgage. Unle~s Borrower anJ l.rn~er agn.~e to ather ternts of payment, such
amounts ~hall he payabk u~x~n n~~ticc fmm I.cndc~ to Bormwer reyiKSting payment therc~~f, and ~hall t+ear interat trom ihe
date of dishursement at thc rate payahlc fmm timc to time an outstanding pri~cipal under thc Note unlecs payment of
interest at such rate woutd be contrary to applicable law, in which event such amou~ts shall hear interest at the highest rate
permissible under applicable law. Nothiog cantained in this paragraph 7 cha)1 requim l.ender to incur any expense or take €
any action hereundcr. ~
8. Inspectbn. 1_ender may m:?ke ur r,~u,r to he made rea~onahle rntriec upc~n and inspectione af the Pr.operty, provi~ied ~
that I.ender ~hal) gi~e Bor~ower notice pri~~r to an~• ~uch inspec~ion specifying rnamnable cause theretor related ta I.ender's
interest in the Property.
9. Condrmnntion, TFx; pnx:eed~ ~?f any a~~ard or claim for damaees, direcl or concequential, in connection with any
condemnation or other taking of the Pm~xny, or part therrc.f. or for comeyance in lieu of rnndemnation, are hereby assigned :
and shall t+c paid to I.endcr. . `
ln the event of a total takinG of ~hc Pmpcr~~•_ ~hc pnxreJs chall hc applicd to the sums securcd by thic Mortgage. i
w•ith the ercecs, if aoy, paid to Borrower. ln ~he ev~m ~~f a partial taking of the Prope~ty. unlecc Borrower and I.ender '
othe~wice agree in writinK. therc chall be applied to ~hc ~umc secuR~l M• thi~ Mor~gage such proportion of the proceeds
as i~ equal to that pro~rtion which thc amoiu~t e~f thc sumc ucored hy thic Mortgage immediately prior to the date of ~
taking bears to the fair market vahec of thc Propcrt~~ immcJiatcly prior to the datc of taking, with the bafance of the proceeds ;
paid to Borrower. , ~
if the Property is abandoned M• BorroH•er, ar if. after notice hv I ender to Borrower that the condemnor offers ta make
an award or setNe a claim far ciamageti. B<.rrower fail. to ree~nd tc? I.ender within 30 da}~c after Ihe date soch notice is
mailed. l.ender is authorizrd to collect and apply ~he procecds. at I.ender'c option. either to restoration or repair of tht
Protxr~}• or i~ thc sums sccured b~~ this ~1or~¢aec.
Unles~ Lender and Bormwe~ otherw•i:r ag~ca; in ~~ritinL. ao~~ such appliration of proceeds ta principa) shal! not extend
or po~tpone the d~ic date of the mo~thh• in.tdlmrnt~ referrcd to in paragraphc 1 and 2 hereof or change the amouot of '
such installments.
10. B~rrower Not Released. F~tension ~~f the time for payment or modification of ami.rtization of the sumc secured
by th~c Mor:~age ¢ranted by I ender t~• aiiy wcce~co~ in intere~t af Rorm~~er shall not o~xrate to release. in any manner.
the l~ability .~f ~hr origina! BormKer and Ri~rrow•rr', surccss~~rt in interett. l.cnder shall not he rcquired to c~mmcncc
p?.xeedings ag:~inst such successor or rcfuce to r~tend time for payment or othen~~i,e modify amortizat~on of ~hr .,,ms
seru~x'~e! by ihis Mortgage by reasan of an~~ demanJ made b~ the orieinal Borrow•er and Borrower's succes~orc i~ in~~re~t.
ll. For6earance 6y [xnder l~iof a Wai.•er. .~im• fc~rtx:aranrc h~• Lender in erercising any right or remedy hereunder. or
otherwise afiorded by applicahle law. ~hall nnt tx a wai~•er of ~~r preclude the exercise of an~• such right or remedy.
The procurement of insurance or the pa~ment ~,f ta~es or other liens or charges by Lender shaD ncit he a~.aiver of 1_ender s
right ta accelerate the maturity of the indehtedness a:cured h~• thic Mortgage.
12. Remedies Cumulafire. All rcmcdics pm~~idcd in thic Mortgage arc Jestinrt and cumulativc to am~ ~thcr rieht or
remeJy under this Mortgage or affordeJ h~~ law• c.r equit~~, and may he exerciscd rnncurrently. independentl~• or succeesiveh•.
13. Successors and Assi~~ Bound: ]oint and Se~eral i.iab~liry; Captions. The covcnants and agnements herein
contained shall bind, and the riQhtc hercunder shall inure to, the respective succec.orc aod a~tigns of I_~nder and Bormw•er.
s?ibject to the provisionc of paragraph 17 hereot. A!! co~•e~~an~s and agreementc of Bnrmu~er shall he joint and teve~al.
The captions and heading~ of thc parakraph. ~~f ~hi~ Mortgage are for ronvenience only and arc not t~ Fx u~ed to
interpret or define the provicionc herrnf.
14. Notice. ~xcept for any noti.c rcyuired under applicahle iaa• to be given in another manner. fai :iny notice t~
Borrower provided for in ~hic Mortga~e shall be given hy n~ailing wcb notice by certified mail addrezu:d to B~rmw~er at
the Properly Addrets or at such uther addrc~, •rs R~.r~~~wer ma~• designate b~~ notice to Lender as provided hercin, and
(hl am• notice to Lender shull Fx gi~~~n M• ccrtified mail. retum receipt requested. to Lender s adJress stated herein or to
such other address as Lender ma~~ detii~nate f+y nrnice t~• Rorro~~er as pro~-ideJ herrin. Any natice provided for in this
Mortgage sha!! be deemed to ha~c t+cYn ~rvcn to Borrnu-cr or I_rnder µ•hen givcn in the manoer de~ignated hereio.
15. Uniform ~fort~a~e: G~r•ernin~ I.aM; Se•erabilit}•. Thi~ form of mortgage combines uniform rnvenants for national
use and non-uniform co~enantc with limitrd variatinnc h~~ juric~liction to constitute a uniform secority instrument covering
real property_ This Mortgage shatl be go~~erncd he thc laK~ af tFte jurisctictioR ia which ~he Propeny is located. In the .
event that any provision or clautie of thi, 1lfortgagr .,r the T`ote conflictt ~~ith applicable law, such conflict shall not affect
other provisions of this Mortgage or the N~.tr Nhich can Fx gi~•en etTect wi~hout the conflicting pmvicion, and ~o this
end the provisions of thc Mortgagc and th~ ~1otc am .leclared to he severahte.
16. Borrower's Copy~. $orro«~er ~halt F?r furni~hed a c~nformed copy of ~he Note and of this Mortgage at the time
of execution.or after recordation hereoi. ~
17. Transfer of the Property; Azsumption. If ali ~~r an~• part of thc Ar~~peny or an interest thercin i~ s~~ld ur transferrcd
by Borrou•er without I.ender's prior w•ritiro ~un.ent, ex~hidinK lal the creation of a lien or encumbrance suhordinate to
this Mortgage. fb) the creatcon c?f ~itrrh:~u; mnnrc Kcarih interest for househoW appliances, /c) .i tramfer h~• devise.
descent or by ope~ation of lau• upon the dcath ~.f a juint tcnant or (d~ thc grant of am• leaschold interest of threr ~•cars or lccs
not containing an option to purchase. Lender may. ~t I.rnder'. option. declare all the sum~ secured by this !~1c.rtRage to lie ~
immediately due and pa~~able. Lender ~hall h;~~e ~.ai~~ed such option to accelerate if, prior to the ~ale ~r transFer. l.ender
and the person to whom the Properly i~ t~~ tx ~ol,I ~~r transferred reach agreement in x•riting that Ihr creJit of tiurh person
is satisfactory to I_ender and that the intcrr.t pa~•able i~n the sum~ secured by this Mortgage shall be at such rate ac Lcnder
shall request. If I_ender has waiveJ the option to :~ccelerate pm~~ided in this paragraph 17, and if Borr~wer's ,uccessc?r in
interest has executed a written assumption agreement accepted in w-riting by i_ender, l.ender shall releace Borrow•cr from all
obligateoos under this Mortgage and the Nnte.
If 1_ender exercises such option to accelerale. Lender tihall mail Borrower notice of acceleration in arcordan« iih
paragraph 14 hereof. Such notice shall provide a peri~xi of not les~ than 30 dapc from the date the notice is mailed w•iehin
which Borrower may pay the sums declared due. If BarroKCr tails to pay such sums prinr to the expiration nf such periucl.
Lender may. without furiher notice or cicmand on Borrow~cr. invoke an~• remedies permitled hy paragraph 13 hcreof.
NoH-UNtFORt?t Cove~eivTS. Borrower and l.ender further covenant and agree as follows:
18. Acceleratioo; Remedks. E:cept ~s provided in parat;raph 17 hereof. upoo Borrower's breach of any co~enant or
agretmeat of Borrower je thk Mort~rage, includin~ t6e covenants to pay w6en dat aay soms secured by thiS Mortg~e. i.ender
prior to accekntbn shall msil notice to Borrower as proridcd ia para~raph 141~ereof specifyio~: (1) the broach; (21 the action
requir+ed to cnre sac6 brarh; (3) a date, not less than 30 days from the date the notice is mai1M to 8orrower, by which such
breac6 must be carrd; and (4) ihat fallurc to cere such brcacb on or before the dste specified in the notice msy resdt io
•ccderatioo of t6e snuas secured by thi~ Mort~sqe. foreclosun by jndicia) proceedln~ aad sale of tbe Property. 'IUe notice
shaU furt6er ioform Borrower of the right to reinstate dter accekration and t6e right to assert in t6e fotecMsure proceediag
tl~e noa-e:isteece of a default or aoy other defe~e of 8orrower to accelention and forecbaurc, if the bresch k aot cured on
or 6efore the date speciBed ia the ooticr. Leader at I.endcr's option may declare ap oE the sums secnred by this Mortga~e to be
immediately dut and papabk witbout furiher dem•rnd and may forcclose this Moti~age by judkiai proceedio~. Lender chaq
be eotided to collect in soc6 ~roceediag all expenses oi foreclosurr. inclndiug, bnt aot limited fo, reasonabk atturner-'s fees.
sod costs of docomeotary evfdence, abstracts a~d titk rcporis. ~ ~
19. Borrn~?er'a Rigbt to Reinst~e. Natwithstanding I.encier s acceleration of the sums secured by th~s Mortgage,
Borrowet shall have the tight to have any proce~:dings t~egun hy l.eoder to enforce this Mongage discontinued at any time
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