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Lcndcr's written agrecment or applicable lew. Horrower shall pay thc amuunt ~~f all mortgage imurance premiums in the
manncr providcd under par~graph 2 hcreof.
Any amoiints disburscd by 1_enJcr punuant to this .~arag~aph 7, with intcrest theTeon, chat) t~ecomc additional
indeh~edne~s of Borrower secuttd hy this Martgage. Unle.~ Borruwer arnl LenJer agnre to other tertns of payment, such
amounts shall hc payablc upon nulicc f~um Lcndcr ~o Borruw•rr rcy~KSting paymc~t thcreof. and shall hcar intcrest from the
date of disbursement at the rate payahlc fmm timc to timc un outst~nding principal under the Nate unlecs payment of
interext at such rate would he contrarv to applirable IaH•, in which event such am~unts shall t~ear imerest at the highest rate
permissible under applicable law. Nothing contained in thie paragraph 7 shall requin l.ender to incur any expense or take
any action hcrcunder.
8. lnspection. Lender may m:~ke or cau,c to F+c madc rra~onahlc emrie~ ?~~x~n and in~(~ection~ of the Pmperty, provided
that T.ender shall give Bor~aw~er notire p~irr to an}• curh inc~xction <<xrcifyin~ nas~nable cause therefor rclated to Lenders
interest in thc Propcrty.
9. Condemnation. The pr~x~eedc of an~• aH•;~rd ~•r rlaim for damaces. Jirect or rnncequential, in connection with any
condemnatian or other taking of the Property, o~ part therc~•f, ur for c~~nv~~:~nce in liru of condemnatiun, are hereby assigned
anJ shall bc paid to [.endcr. .
1n the cvent of a total taking of the Pm~xr~y. thr pmrr~ds ~hall he applic~l to the tums sccurcd hy this Mortgage.
with the e~cess, if any, paid lo Borrower. ln the c~•cnt .~f a parti~l takin~ uf ~he Property. unlc~s Borrower :?nd I.ender
otherwisc agree in wri~ing_ there shall he applird ihr .um~ ucurr.t M~ thi~ Morl~agc ~uch pro~rtion of the proceeds
as ic equal to that pmpc~rtion Hhich the amount thr ~um. ~r~ur~d hv thi~ ~iortcage immediatel~~ prior 1~~ the date of
taking hears to the fair market ~•aluc of thr Pro{krt~~ immrdi:~trh• rrinr t~ the ~late of taking, w~ith the balancc of the proceeds
paid to Borrowcr.
if the Property is abandoned b~• Bormwer. ~•r if. :~ftrr n~~ice h~~ l.ender t~ Borr~•wer that the candemnor of~ers to make
an aw5rd or setNe a claim for damage~. Burrc•v?~er fail. t~~ rc.{xmd h• Lender within :t0 da~'s after the date tuch n~~tice is
mailed. Lender ic authoriz~d to collect and apph• ~he pr~~ceedti. at I.ender't i~ption. either to restaration or cepair of the
Propcrty or to the sumti sccurcd b~• thic Mortgagc.
Unlesc Lender and BarmHCr otherH•i~r aerer in ritine. am• ~uch applicati~n c•f proceed~ t~ principal shall nM e~tend
or postpone the due date nf thc mon~hh in~tallmrnl~ rrfcrrrd to in paraeraph. 1:~nd 2 hercof ~~r changc the amount of
such inslallments.
10. Bonower Not Releaud. Exten~ion ~•f the t~m~ f~~r p~~'ment o~ mc~difiratie.n of amc•rtization of the ~uma cecured
by this Morteagc granted b~~ l.cndcr t.~ am~ cuccc.~or in intrrr.t of R~rrm+cr .hall nnt ~~~~ratc t~ relcasc. in any manncr.
the liability~ c~f the original Borrower :+nd R~~rrow~cr'. su~crcti~~n in interest I.ender shall not he rcyuired to c~mmence
proceedings against such succecsor or re(u~e t~~ c~ten~l timc for p-ryment or otherw•i~e mc~dif}' amortizati~n c~( ~he sums
secured b~• thi~ Mortgage bV reason o( am~ dem:md madc b~ thr orieinal Borr~•~er and Bi~rr~H•er's succescar~ in interest.
11. Forbearanre 6y I.ender \M a Wai~er. ~m f~~rhear.~n~r h~ I rnder in r~crcieinc am• rigM or rcmcd~~ hrreunder. or
otherwise afTorded hp applicahle law. ~hall ne~t ix a wai~•er of c~r preclude the e~ercise of an~• cuch right or remed~•_
The procurement of insurancc or the pa~~mcnt ~f ta~r. ~~r <~ther lien< <.r rhargcc M~ l.cnder ~hall not hc a N~iver ~f I_ender's
right to accelcrate the maturity of the indcbtcdncs~ ;crurcd h~~ this \tarigage.
12. Remedies Cumulative. All rcmediec prc~. idcd in thi~ ~tortgage are distinct and cumulative to an~• ~ther riFht ~r
! remeJy under this Mortgage or aftordcd h~• la~.~ ~~r ryuit~•. anJ mac he e~erciticJ c~ncurrcnth•. independenth~ or succe~si~'rl~'.
13. Successors and Assigns Bmmd: Joint and Se~eral l.iabilih': Captions. Thc rn~~enants and agrecment~ herein .
contained shall bind, and the riAhts he~cunder shall imire ti~. lhr rc~pecti~•e succe..~~r~ and aeaiFn~ of Lender and Aorrower:
4 subject to the prm~isions of paraQraph 17 hereof. :111 c~~viceants and aerccmenK of Rorr~~w~er shall I~e ji~int :~nd ~everal.
j The captions and headings of the par.~ura~h. ~~f thiti '~i~rtgak~ are f~r convenicnce ~nl~~ and are n~~t t~~ tx: u~ed t~
~ interpret or define the provisiont hcreof. .
14. Notice. Except for an}~ noticc rcyuirrd undcr applic:iblc law t~• t+c givcn in anothcr manncr. (a) :?m~ noticc tc.
~ Borrower provided for in this Mortgagc ~h:~ll Fx eivrn M~ mailinc wch noUCC h~• rrrtified m:+il addrcs~ad t~. Bormwcr at •
_ the Property Address or at such other addre~. ac B~~rr~~wc~ ma~ de~ienate b}~ no~irr t~ l ender as pn.~~ided hercin, and
(b) anti• notice to I.enJer shall he gi~•cn M~ cerlifird mait. return rccei~t reque~ted. ic. t ender'c ad~ress slated herein or to
~uch other address as I.ender may~ de~ignate h~ nntire t~• B~irn•~+cr as pro~~ide~l herein. Am• notice pmvide.l for in this
~ 4(ortgage shall be deemed to ha~~c tx:en gi~•en to B~rn~~vcr or Lrndcr ~chen gi~•cn in thc manner decignated herein_
~ 15, Uniform Mori~a~{e: CorerninR Iaw: Se~erabilit~. Thi~ f~xm of morlgacc c~mbines uniform covenaMc for national
~ use and non-uniform covcnants w~ith limited ~~:~nation~ h~~ ji~ri~di~tii.n t~~ constitutc a uniform securih~ inttrument r~vering
4 ceal property. Thic Mortgage ehall Fx gi~~~crned h~ ~he I::w ~~f the iuricdicti~~n in ~'hich the Propert}' i~ l~kated. ln the
~ e~~ent that any provision or clautie of thi~ '~tortga~,e nr thc \~•te conflicl~ «i~h c~pplicahle law. sunc ~onflict shall not atfect
~ other provi~ions of thit Mortgage or thc \.,tr whi~h ~:in hr gi~rn CQcct ~~ithout the con(lictine pmviaion. and to this
~ end the pro~•isions of the Mortgaee and the ~~ue :irc ~Irclarcd ta he ~c~erahle. .
~ 16. Bomower's Copy. Borro~rcr ~h.ill bc furni~hcJ :i a~nlormed cop)' of thr Notc and ~f ihic I~1ortgagc at the time
of execution or after recordation hereof.
~ V. Transfer of the Property; Atsumption. If ali ~~r an) part of thc Pr~~pcrty c~r an interest thcrcin it s~.ld or trancferrcd
~ by Borrower without Lender's prior ~rittrn ~oncent. i~cluding lal the crration of a lien ~r encumbrance suhor~linale to
~ this Mortgage. (bl the creation of a purcha~e mi~ne~ ucurit~~ interest f~r hi.usehold :~ppiianc«. Ic) a trantfer h~• devise.
~ descent or by operation of law upon thc ~ieath ol a j~~int trnant ~r (d i thc grant of an}- Itatchold interest ~~f thrcr ycarti or less
~ not containing an option t~ purchase. t.endcr m~~. :~t I.ender': ~~ptiun, declare all Ihe tium~ secured ht~ this ~1~~rtgage to he
immediately due and payable. I.ender shall hace w~:u~~ed ~uch opti~~n to acceler:~te if. ~+ri~r to the ~ale ~r transfer. I.ender
~ and the person to whom the Pmperty i+ to be sold or tr.insferred reach agrecment in w~riting that the credit ~f wch person
~ is satisfactory to I.ender and that the intere,i pa~ablr ~~n the simi~ ~cured h~~ thi~ '~tc•rtgage shall be at such rate a. Lender
~ shall request. If [_enJer has waived the option to accelerate pm~•idcd in this paragraph 17. and if Bormw~r's wccessor in
~ interest has executed a written assumption agreement accepted in w~riting hy I.enJer. I.ender shall releace Borru~•er fmm all
~ obligations under this Mortgage and the Note.
If i.ender exercises siich option to acrelerate. Len~fer .hall mail B~rrower notice ~f acceleration in arcordance with .
~ paragraph 14 hereof. Such notice ch.ll provide a peri~.J nf nca Iesti than ?0 da~•c fr~m the date the notice ic mailed within
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~ which Borrower ma a the sums declared due. If Borro~er f:?ilc to pay such ~ums prior to the expiration i~f cuch period.
~ Lender may, without further notice or dcmand on B~rrower. invo{.c an~ remcdies pcrmit~ed h}~ paragraph 13 hcrcof.
Nox-UtvtFOR!?.t CovE~~rrrs. Borrower and I.cnder further cavenant and agree as follows:
- l8. Acceleratan; Remedks. Except as pm~~ided in paraRraph 17 hereof, upoa Borrower's breach of any co~•enant or
~greement of Borrower in this Mortga~e. induding Ihe co~~enants b pay when due any sums secured by thls Mortgage, I.ender
prior to accelentaa s6a11 mail notice to Borrowcr as prorided in paragmph 14 hercof specifyit~: (1) the breach: (2) the action
required to cure such b~eacb; (3) a date. not less than 30 days from the dste the notice Is mailed to Borrower, by which suc6 ;
brcach must 6e enred; and (4) that failure to cure such bresch o0 or beforo tbe date specified in the notice may resnlt iR
c> acctleradon of t6e soms secured by this Mortgage, foreclosure by judicial proceeding and sale of the Pmperty. 77~e notice
shall further iaform Borrower of the right to reinstate aftcr acceleration and the right to assert in the foreclosurt procceding
_ the noat:istence of a dtfault or any other defense of Borrower to acceleration and foreclosure. If the breach is not cnred o0
- or beforo the date speci6ed io the notice. I.ender at I.ender's option may declare a0 of the sums secured by this Mortgage to be
- immediatdy due aad p~yabk without further demand and may foreclose t6i~ Morlgage by judicial proctedin~. Lender shall
be eaQtled to coUect in we6 proceedi~ all ezpeoses of foreclosurc. including, but not llmited to, reasonabk sttorney's fees,
aod costs of docamentary evidence, abstracts and titk reporis.
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~ 19. Borrowe~'a R~6t to Reinstate. Notwithstanding I.encier's acceleration of the sums securcd by this ortgage,
~ Borrower shall have tht right to have any proceedings hegun hy Lender to enforce this Mortgage discontinued at any time
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