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l.cncierl writtcn agrecment or applicabk law. Borrow•er shall pay the amount uf aU martgage insurance premiums in the
manncr providccl ~nder paragraph 2 hereof.
Any amaunls disbursed by Lendcr punuant to this paragraph 7, with inter~st thcreon, shall Fx~:omc additional
indcbtedness of Barrowcr securcd by this Mortgagc. Unlccs Borrower and LenJcr agn.~c to olher Icrtns of payment, such
amounts shall he payablc u~n noticc from Lcnde~ tu Borrowr~ reyuesling payment thcrcof, and shall hcar intcrest from the
date of disbursement at the rate payable from time to time on autstanding principal under the Note-unlecc payment of
interest at such rate would be contrary to applicable law, in which event such amounts ~hall hcar imerest at the highcst rate
permissible under applicable law. Nathing contained in this parag~aph 7 chall require I.ender to incur any expe~se or take
any action hereunder.
8• lnspeefioe. 1_ender may make or rause to he made rra~nahle enlriec u~xm and inspectionc of the Property, provided
that i.ender shall give Borrower natice priur Io any such iospection ~{x:cifying rcasonable caust: therefor related to l.ender's
interest in the Property.
9. Co~demnation. The pr~eedt of any aw~rd or claim for damages, direct or conceq~ential, in connectioo w•ith any
condemnation or other taking of the Property, or part therrof, or for r~~nveyance in lieu of condemnation, arc hereby ac~ig~ed
and shall bc paid to I.ender.
Tn Ihe event of a lotal taking of the Pmpcr~y. thc prcxccds .hall bc applied to ~he sums sccurcd by this Mongage.
with the excess, if any, paid to Borrower. ln the event ~.f a parlial ~aking i?f Ihe Property, unlecc Rorr~?wer and I_ender
otherwise agree in writing, there shall be applied tc? ~he sums cecun:~l b~• thit MortgaRe ~uch proportion of the proceeds
as is equal to that pm~rtion which the amoun~ ~f the ,umc ~ecured hy thit M~~rtgage immediateh~ prior t~~ the date of
taking t~ears to the fair market value of the Pro~xrry immrdiatel~• prior to the ~late of takiog, with the b:,lance of the proceeds
paid to Bormwer_
If the Property is abandoned by Borrow•cr, ~~r if. aftcr noticc bv i cndcr ti~ Borrowcr that thc condemnor ofTers to make
an award or setde a claim for damage~. B~rrower f:~il, t~~ re.~x~nd ti~ I ender wi~hin z0 days after the date ~uch notice is
m,~iled. I.ender ic authorized to collect and apph• the proceecic, at I.ender'~ option. either to re~toration or repair of the
Propeny ur to the sum. xcurcd b}~ this M~r~gagc.
Unless 1_enJer a~d Borrow•er othervvice agree in ~~ritine, am• such applic:~ti~n of pnxeed~ to principal tihall not extend
~ or pos:pone the due date of thc monthly inst:illmc~~s rcfcrrcd to in paragraph~ 1 and 2 hereof or change thc amount of
such installments.
I0. Borrower Not Released. Exlenaion of ~he time f~~r payment or modificati~n of :~mortiiation ~f the +umc s,:cured
by this MortRa¢e granted by l.cndcr 1~~ any wccc~~or in in~erc~t of Borrow•cr shall n~t ~.~xratc tc. rclc~cc. in any manncr.
t!?e liability of the o~iginal BorroK~er and B~~rmw~er'~ succeca~r~ in interest. Lender shall n~~t he rcyuirrd ti~ c~mmence
prc•ceeding, against such succecsar or refuse to ertenJ time for payment or otherv?•i~e mcxlif}~ amortiiaUon c~f thr wms
se::ure~ b~~ this Mortgage by reason af am~ demand made bc the ori~inal Barr~w~er anJ B~~rrow~er's succ~s.c.r~ in interect.
11. Forbearance by I.ende~ !\ot a Wai~•er. Am~ f~rhearanrr b}• I.cnder in c~crci~in~ am~ riFht ~,r remrdy hrrcundcr, or .
othenvise afforded hy applicable law. ~hall n~t tx a wai~•er of or preclude the exercise of an~• ~uch right or remedy.
The procurement of insurance or the paymrnt of tares or other liens or charget b}• t.cnder ~hall not he a waivc~ i~f I.ender's
right to accelerate the maturity of the indehtednecs .ccured M~ thit Ttortgage.
12. Remedies Cumulatire. All remedics pm.•idcd in thi~ Morigagc are distinct and rumulativr to :~m• ~~thcr rieht or
remeJy under this Mortgage or afforded M• law~ or rquity. and ma}~ he eaerciu d rnncurrentl~•, inde~nJenth• or tucce~si~•eh•.
13. Successors and Assigns Bound; Joint and Several i.iability: ('aptionc. The rovenants and aerc~ment~ herein
contained shal) hind, and ihe riRhts hem,under shall inore to. the rcspective succe~u.r~ and a~~ignc of 1_en~le~ and Bi~rmw•er,
subject to the provisions of paragraph 17 hereof. All co~•enants and agreemrntc of Bormw-cr shall he j+~int and tie~~cral.
The captions and headings of the para¢raph~ of thic Mortgage are for convenience ~nly :ind are nut tc~ F,e uced to
interpret or define the provisions hereof. ~
14. Notice. Except for any notice reyuircd under :~pplicablc law• to be given in another manner. fa? am~ n~~tice t~
Borrower pmvided for in this Mortgaee shall he givrn h}- mailine ~uch nMice by certified mail addresud t~~ B~~rrc~~+er at
the Pmperty Address or at such xither :iddrecs a; Bi~rr~~w-er ma~• design.itc bt• notire ti~ I.ender as pnwided hercin. and
fb1 anp notice to Lender shal! he Ri~•~n M• certificJ m:iil. retum reccipt reque~ted. tc. I ender ~~addres, statrd hcrein or to
such other addrest as I_ender mac de~ignate h~~ n~tice t~~ B~~rmw~er as pm~~ided hemin. Am• notice pr~~videJ for in thi~
;blortgage shall he deemed to ha.•e becn gi~~en to B~rrow•er ~~r Lender Hhen gi~~en in the manner detiignatcd hercin.
~ 1S Uniform Mort~aRr, Covernin~; I.aK; Se.erabilih~. Thi~ f~rm of mortgage comhines uniform c~venantti fi~r national
~ use and non-uniform covenant~ with limiteJ ~•ariatic.n~ h~• juri~Jiction to constitute a uniform s~YUrit}~ instrument rnvering
real property. Thic Mortgage shall be go~'erned h~• the law• of the juricdiction in w•hich the Property i. Icx-ated. In 1he
event that any provision or clause of thic ?11ort~agr ~~r the \ute rnnflirtc Hith applicahle laa_ cuch rnnflict ~hall no~ afTert
other provisions of this Mortgage or the Ni~tr whirh ran be gi~~en effect ~~ithaut the conflictinc pr~~~•ision. and ro this
end the prmisions of the Mortgage and the \otc are ~icclared tc. he severable_
16. Borrower's Copy. Borrow•er ~hall 1,~ furniched a canfc.rmed cop~• of the Note and ~f thi~ ~tortgage at the time
of execution ~r after recordation hereof.
17. Transfer of the Propert~•; As.sumption. If all or am part af the Pr~~pertq or an interest thercin i~ c~~ld ~~r tra?r.ferrcd
by Borrower without L.ender's prior w•rit~rn ci~n~rnt. e~cluding (al the crration ~~f a lien ~r encumhran~e tiuhc~rdin~te ti•
this Mortgage. (b? the creat~on of a purchas~ mi.ne~ .erurin• ~nterest fi.r householJ appliances, fri a trancfer h.~ de~~ise.
descent or by operation of laa upon the Jeath c~f a j~.int tenant or (d? the grant of am Irasch~ld interest ~~f threr ~~rar~ or lec~
not containing an option to purchase, 1_ender ma~•, at Lender'. c,ption_ declare all the sums secured M• this ~t~rteage t~ t?e
~mmediately due and pa}•ahle. l.ender chall ha~e .+:+icrd ~uch opti~~n t~ accelerate if. prior t~? thr .alc or transfer. Lender
and the persan to whom the Propcrty ic to bc s~il.l ur tr:insferrcd reach agrccment in ~•ritine that thc rrc~iit ~~f tiuch pcrs~n
ic satisfactory to I.enJer and that the intere.t pa~~hle nn the sum~ cerured hy~ thic Morttiage ~hall he at si~rh rate a. I.ender
~ shall request. If [_ender has waived the option to c~ccrlerate pm~•ided in this paragraph 17. and if Bi~rrow•er'ti ~uccess~~r in
~ mterest has exe_-~~cc~ ~ 4<<itten assump~io^ w2:.~:::ent acccptcd ir ~.:::;;n~ ht• i.cr.'.~r. :_:,~.;.~e~ :hatt relcacc Bo:ro:.~e: from a11
obligations under this Mortgage and the Note.
~ If Lender exercise5 such option to accelerate. Lender tihall mail Bormw•er notice ~f acceleration in acrnrd:in~r Hith
~ paragraph 14 hereof. Such notice shall provide a.period of ne~t Iest than 30 da~'s fmm the date the notice i~ mailed within
which Borrower may pay the ~ums decl;~red due. If Borrower fails to pay such tiums prior t~ the crpirati~n ~~f ~urh ~xri~xl.
~ Lender may, witho~t farther noticc ot !••~.and on Fi~~rroHCr. im~~kc an~ rcmedies pcrmilted h~• paragraph IR hc~cof.
~ Notv-UrttFORtit CoveN~xTS. Borrower and I.ender funher covenant and agree as follows:
= 18. Acetleratioe; Remedks. Except as Proviaed io para~rap6 17 6ereof. opoo Borrower's breac6 of any covcwnf or
agrtement of Eorrower ia this Mwtss~e. includin~ t6e covnwnts to pay w6se doe say soms secured by t6is MortgsRe. I.ender
prior lo sccek~atbe sl~all maA notice to Borrower as prorided in paragraph l4 hcnof specif~: (1)16e breach: (21 the action
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reqoired to carr soch bresch; (3) a date, not le~ tban 30 days from t6e date We notice is mailed fo Borrower, by whicb suc6
brexh mmt be c~red; aod (4) l6at falure to corc soch brcach on or before tbe date speci6ed in the notice may resdt ia
~ accderatioe of t~e samt aecared by t~ Mort~s~e, forecbsnrc by jodicial proceedi~ and sak of the Property. 'ILe notice
r, sha0 ftirt6er iafono Eorrower of t6e ri~ht to rei~tste tfter sccekrstion and tbe ri~6t to ~ert in tbe toreclos~rc proceedie~
~ tbe ooat:'steoce of a defsolt or any otber defense of Eorrower to acceleratioo and forecbwrr. if the brescb is not cured on
or before the date spect6ed io tbe ratice, Lender a1 I.ender's optan may dcclare a~ of tlx san~ secured by this Mort~s~e to be
- immediatdy due and payabk withoot further demand and may forecbse this Mort~a6e by jodicisl proceedi~. Lender shall
be ea6tled to colket ie sne6 pr+oceediu~ aN e:peases of foreclosnre, includioa. but sot 6mitsd to. re~onsble attorney's fees.
- aod caBts of docBment~ evi~knct, abstrscts and litk reports.
19. dorrower's Ri66t to ReinsWa Notwithstanding 1_encier's accekration of the sums secured by this Mortgage,
Bonower shall have the right to have any proceedings begun by [.ender to enforce this Mortgage discontinued at any dme
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