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Lenck~'s wrilten agr+cemcnt or applicabk law. Sorrower shall pay the artaunt of Atl ti?origagc insurance premiums in the
manner providrJ u~de~ parag~aph 2 heroof.
Any amounts disbursed by I.cnJer pursuant ~o this paragraph 7, with interat thcreon, shall t~ecame additiana)
indebledness af Bbnower secured by this Mnrtgage. Uniccc 8orrower and l.ender agree to other terms of payment, such
amounts shaU be payablc opc~n no~it~e from I.cnder to Borrawc~ reyucsting paymem thercof, and chall t~a~ intcrest from the
date of disburscment at the ratc payabk (rom time to titne on a~tstaodi~g pri~cipa) under the Nate unless psyment of
interest at such rate would be contrary to applicable law, io which event such amounts shatl hea~ interest at the higl~t~ct nte
permissibk under applicabk taw. NMhing contained in this paragraph 7 shall requir+e l.ender Ia incut any expense or take
any action hereunder.
8. laspecliow. i.ender may makc or rausc to bc madc rcasonahlc cntricc u~n and inspccti~.ne of the Property, pravided
thal Lender shall give Barrower nMice priar to any such inspoctinn speeifying rcasonable cause therefo~ related to I.ender's
inlerCSt in fhc Ptnperty. •
9. Cowdemsstbn. The prcxeeds of any award or claim for damages, direct or concequential, in connection with any
condemnation ar other taking of the Propetty, or part therrnf, o~ for conveyance in lieu af candemnatiim, arc hercby assigned
aod shall t?e paid to I_ender.
in the event of a total taking of the Property, the proc-eeJs chall tx~ applieJ tn the sums securcd by this Mortgage.
with Ihe e!ccess, if any, paid to Borrower. ln the event of a partial taking of the Aroperty, anlesc liorrower and Lender
athenwise agree in writinR. Ihere ahall be applied to the sums securt~l by this Mortgage such proportion of the proceeds
as ix equal to that proportion w•hich the amount of ~he sumc sec~ired hy this Mortgage immediately prior to !he date of
taking heats to the fair markel value of the Property immediatety prior Io Ihe Jate of taking, with the halance of the pmceeds
paid to Borrower.
if the Property ix ahandoneci by Bormwer, or if, after notice by l.ender Io Born~wer Ihat Ihe condemnor ofters to make
an award or settle a claim for damag~~, Borrower failx t~~ rc~~nd M Lender within 30 days after the date such notice is
maikd, i.ender is autharized to collect and apply the prcx-eeds, at l.ender i option, either to restoration or repair af the
Property ar to the sums secured hy this MortRage.
Unless !_ender and Borrower othenvice agree in ~~•ritinL. an~~ such applica~ion of proceeds to principal shall not extend
or postpone the duc date of thc mon~hly installmcnts referrcd to in paragraphs 1 and 2 hcmot or change thc amount of
such installmeois.
l0. BQnower Not Rele~ased. Exlcnxion of Ihe time for paYment or modification i~f amortization of the sums secured
by this Mortgage granted by 1_ender to any ~uceecsor in intercct of Borrov?•er shall not ~,~;ratr to rctease, in any m~nner,
the liabiliry af Ihe originat Borrower and 8orrnwrr ~ succecce~rs in interest. i.ender shall not he rcyuired ta rnmmence
proceedings against such successor or rctuee to extend teme (or paymenl or otherwice inodify amorti7ati~~n of the sums
sec:ured by thit Mortgage hy reason af am• demand made bp Ihe orieioal Rormwe~ and Borrower s succe~.ors in interest.
11. Forbearsnce 6y i.ender Not a Waiver. An}• forhearance h~• I.ender in erercisin~ any right or rcmedy hereunder, or
othetwise a(forded hy applicahlc faw, shall not he a waiver of or preclude the exereise of an~~ such right o~ remedy.
The procurement of insurance or the payment of tatca or other liens or charges by I.ender shall nM be a H aiver of l.ender's
right to acrelcratc the maturity of Ihc indchtcdn~:~s cccured h~~ thi~ Mortg3ge.
12. Remedies Cumulati~e. All remedies pm}•ided in thic Mortgage are distinct and rumulative to any other right or
remeJy under this Mortgage or afforded hy !au• ~,r eyuity~, and ma~• be exerciseJ rnncurnntly. inde~ ndently ar succe.sively.
13. Snccessors and Assigns Bound; Joint and Several i.iability; Captions. The rnvcnanti and agrecments hcrcin -
contained shall bind, and the riRhts hereunde~ shall inure to. the respective succe~sors and as~igns of t.ender and Rorrow•er.
subject to the provisions of paragraph t7 hereof. All cavcnants and agreementc of Horrourr shall be j~~int and sevcral.
The captions ~nJ heaJings of the paraeraphc ~f ~hic Mortgage are for convenienre only and am not tu he uced to
interpret or define the pmvisions hercof. "
14. Notice. Except for any notire reqi~ired uniler applicable law• t~~ be given in an~ther manner. (a) :~m~ notice to
Borrower provided for in this Mortgaee shall he gi~~rn h}~ mailing such notice by certified mail addressed to Borrcnver at
the Properly Address or at sueh uther addrecc as Barr~~w•er may deeignate b~• nc.tice tc• I.ender as pra~~ided herein, and
(bl an~• notice to Lender shall he givcn hy certifird m:iil_ rrtum rereipt requected.~c. I.ender~ address stated herein or to
~uch other address as I.ender mar deaignate b~~ n~~tire t~~ Rorrc~wer as provideJ herei~?. Any notice pr~vided for irt thic
Mortgage shalt bc deemed to havc txen eiven to Borr~~w•er or Lrnder uhrn given in thc manner dcsignatcd herein.
15. Uniform MorlRa~e: Go~•erninR i.•rw; Se•erabilih~. Thi~ form of mortga¢c rnmhines uniform covenants f~~r national
uce and non-unifarm ro~•enam~ with IimiteJ ~~ariati~~ns M~ juriuiiction lo constitute a uniform security instrument rnvering
real propert}'_ This Mortgage shall be govrrned M• thc law c.f the juri~dicti~n in v~•hich the Propert~~ ic Icxated. In the
event that any provision or clatice of thi~ MOfI~JLI` i~r the T~~»e rnnflicts Hith applicahle law•. s~ich conflict ~hall not affect -
other provisio~s of Ihis Mortgage or the Not~ ~.hich can tk ;iven etFect ~~~ithout the rnnflirting proviaian, and to this
end the pro.~isions of the Mortgagc and the `otc are Jrclarcd to he SeveraMc.
16. Borrower's Copy. Borrower thall tx furni~hcJ c~,nf~~rmcd copv ~f the Note :ind af thi. l~torteage at the time
of execution or after recordation hereof.
• 17. Trs~nsfer of the Property; Assumption. If ali c~r am~ ~:~rt of the Pr~•pertJ~ or an interest thcrein is c~ld or transferred
by Borrower w~ithout I.ender's prior writtrn runsent. e~cluding (al the creation of a lien or encumhranre whoniin~te to
this Mortgage, (b) the crea4on of a purch~~e m~~nec kcuritt~ interest f~r hoi~cehoW applianr~s, fc) a transter M• devise.
descent or by nperation of lax upon the death ~f a i.~int tenam or (~I~ the grant of am~ Ieasehold interest ~f three ~~~:+rc or lecs
not containing an option to purchase. I.e~der ma}•. at I.ender'. optii~n, declare all the sumc secured h~~ this ;1lortgage 1~ 1?e
immediately due and payable. Lender shall ha~•e ~;,i~~cd ~uch option to aerelerate if. prior to the .ale or transfer. I.ender
and the peru~n to whom the Property i; to t+e solel c,r transferred reach agreement in w~riting that the credit of surh person
ic satisfactory~ to I_enJer and that the intere.t pa~•able ~~n the sums secured hy this'.ltorteage ~hall be ai surh rate a~ i_ender
shall request. If I.ender has waived the opti~n to accelerate pravided in this paragraph 17, and if Borrower's tiuccessor in
interest hac executed a wriuen assumption agreement accepted in writing by Lemier. I.ender shait releace 8orrouer from all
obligations under this Mortgage and the Note. .
' If I.ender exercises such option to acreler;,te. Lender thall mail Borrow~er ~otice of acceleration in arcorJance ~ith .
paragraph 14 hereof. Such notice shall provide a perioei of not Icss than 30 da)•~ from the date the notice. ie mailed within
which Borrower may pay the sums declareJ due_ If Borrower fails to pay such sums prior t~ the exPiration <~t ~iech period.
[.ender may, without ftirther notice or demand on liormwcr, invoke an~• remedies permiued by pa~agraph 13 hercof.
NoN-UNtFOR~?t CoveN~NTS. Borrower and l.ender further covenant and agree as follows:
1S. Acctleratioa; Remedies. Except as pmvided in pangraph 17 hereof~ upon Borroaer's breach of any co~•enaat or
agreement of Borrower in this Morigage. includi~ the co~•eaanls to R,y wben dne any sams secured by this MortRaqe. I.eader
prior to acceleration shall mail ootice to Borrower as provided in par~raph 14 hercof specifying: (1) the breac6; (2) t6e action
rcquind to cnre soch breach; (3) a date, not less than 30 days fmm the date the notict ts mailed to Borrower. by ~rhich such
breach ma~st be cured; aad (4) tlwt fsifure to cure such breach on or beforc the date spec'~'ied in Ibe notke may resdt in
sccekration of tbe sams securcd by this Mort~age. foreclosure by judicial proceedi~ and sale of the Property. 71~e notice
shall further iaform Bonrower of the right to rcinstate s~fter accderation aad t6e right to assert ia the foreclosure proceediug
the noo-e:istence of ~ default or aay other defense of Borrower to acceterafion and toreclosure. If tht breach is aot cured oa
or before tbe dafe specified in the notice. I.ender at [.ende~'s option inay declare sll of tbe sou~ secnred by this Mortga~e to be
immediately due snd psyabk wittwat further demand and may foreclose t6iS Mortga~e by jndicial pcoceedin~. tender shall
be entitkd to collect in sac~ proceediu~ aU expeases of foreclosure, including. bot not Hmited to, roasonaable sttornty's fees,
and costs of docnmeatary evidence, abstracts aad tit{e repo~. .
14. Eomawer's Ri~ht to Reiastate. Notwithstanding Lender s acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings F~egun by I_ender to enforce this Mortgage discontinued at any time
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