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l.enJer's written agr~cmcnt or applirablc law. Horrower shall pay the, amount of all mortgage insu~anee premiums in the
mannc~ pn~vidcd onde~ paragraph 2 hercof.
' Any ampunts dishursec! by Le~~lcr pursuant to ~his paragraph 7, we~h inlerrct lhereon, shall become additional
inJcbtrdness uf Borrowcr sccun,~d by this Mc~r~~agc. Unl~~c Barrowcr anJ I.enJer agn.~c to othcr tcrms M payment, such
amounts shal) be payahle u~n notirc fmm Lende~ tu Borrowcr requcsting p•ryment Ihcrcof, and shal) hear inte~est from the
date M disbursement at Ihc ratc payahlc trom timc to time on outstanding principal under thc Note uniess payment of
inte!est at such rate wauld be contran~ ta ;~pplicable law, rn which event si~ch amounts chall hear interest at thc highest rate
permissibk under applicable law. N~~thing contained in this pa~agraph 7 shall require I.ender to incur any expense or take
any action hcrcunder.
8• I~spectioa. I.ender ma~~ makc u~ rau,c to be made reaconahte entrie~ uFxin :md inspectionc of the Pr~iperty, pmvided
that l.ender sh:~ll give 8arrow•er itotirc pri~~r to ;~np surh insExctii~n cpecifping rcasonable cause therefor related to I.ender's
intcrccl in thc Pmpcrty.
9. Condemnation. The pnxcedc ~~f .~n~~ a~~;~rd or claim for damaees. direet .~r rnncequential, in rnnntction with any
co~demnatiun or other taking of the Prc~perty, ur part i4en~f, or for ronv~yanre in ticu af condemnation, arr hercby assigned
ancl shall hc paid to i_cndcr.
Tn Ihe event of a tutal taking of the Pmper~y. ~hr pnk~•cds ehall Mc applicd to thc ~ums sccurcd by this Mortgage.
with the exccss, if any. paid to Aorrc~wer. In thc cvcnt af a partial takin~ ~.f ~he Property. unlesc Bo~mwcr and t.e~der
a~herwise agree in wrilinK_ therc shall he applied to thr ~um~ kcum.l h~• thi~ M~rtgage cuch proportion ot 1he proceeds
as is eqt~a) to tha! pro~rtion which ~he amount t~f thr sum~ K;curcd hy thic Mortgage immediately prior to the date of
taking bears to the fair market value of the Pr~.~xrt~ imm~diatcl~• prior t~ the ~late of taking, H•ith the balance of the proceeds
paid to Barrower.
if the Propert}• i~ abandonc~ h~• Borroa~cr. or if. aft~r nc+!icc hy I.endcr to 8orrower that the condemnnr offers ta make
an aw•ard or tiettM a claim fnr Jama~~e,. R~vmwer f:~il. m r~c~nd t~ Lender wiihin ?0 da~•s after the date such notice is
mailed, I.ender ic authoriud to c~•lk~ct and appl~• the proccedc, at I.ender'~ option. either to restoration or repair of the
Propen~• or to thc sum..ecured M~ thiti ~1~.rt~agc. _
Untesc i.ender and Borrower otherti~i.r agrcr in «ritine. anr such appliratii~n ~f prcxeeds ta principal shall not ertend
or ~stp~~ne the duc d•rte of the monthh in.tallments rcfcrrrd ro in paracraph. 1 and 2 hemof or change the amount of
such iostallments.
10. BoROwer Not Released. Ext~nsion ~~f the time f~~r paymen~ or modification of amortization ~f the sums secured
hy this Morteage granted t+y 1 ender ti~ ;in}~ .uccec~ur in entrre~t of Rorrab~er chalf not ~~~urate to release. in any manner.
the liability of Ihe origin:~) BorroKCr ;?nd B~~rroH•rr'. cucc~s~ar~ in interest. I.ender shall not he required t~~ cc.mmen.•c
proceedings against such succetsor ~r refuK to e~tend timr for payment ~~r otherH~ice modif~• amortizanon of thr .+~ms
se~ured br this MoRgage b~~ reason ~~f am• drm:md mad~ b~ thc orieinai Borrower and Be~rr~K•ers ct~ccescorc in int~re<t.
11. Foratarance 6y Ixnder ?~ot a Wai.~er. :1m~ f~~rhrarance h~• l.~nde~ in exercising an~~ rigM or remed}' hereimder, or
otherwise afforded hy applicable law•, .h:~ll n~t tx a w•;ii~•er o( c~r preclude the e~ercise of am• such right or remed~~.
The procurement of insurance or thc pa~~mrnt ~f ta~ce ~:r other lien~ or chargrs by t.ender tihall not he a Haiver of [_endcr's
right to acceleratc the maturity of thc indet~tednecs cccured h~• thic ~lortgage. '
12. Remedies Cumulative. All rcme~lies ~m~ ided in thic ~1lortgaee arc distinet and cumulative tc? am• other right or
remeJy under this Morteage ur atTordrJ h~• la~c i.r ~yuit~~. and ma~• be exerciced concurrentl~•. independenth• or succecsi~~el~•.
13. Successors and Assi~ns Bound: Joint and Se~eral I.iabilit}•; Captions. The covenants and ~erccments hcrein
cantained shalf hi~d, and the riehts hercu~der .hall inure to. the respeeti~~e si~cceca~rs ~nd acaigns of i_ender and Borrower.
subject ta the provisionc ~f paragraph 17 hcre~~f. :~II co~•enants and agreements of Borm~~•er chal) he join~ :ind ~e~~eral.
The captions and headings of the para_raph~ ~.f thic Martgagc are fo~ convenience ~~nh~ and are n~~t t« he used to
interpret or define the prov~cic~ns herec?t_
i4. ~Iotice. Exrept for ana• n~•ti:r r~qt~ir~J undcr ;~pplicahlc law~ to be given in anothcr manncr. (a) an~• n~ticc to
Borrawer pruvided for in this \tortgage ~hall l,e givrn h}• mailiog such notice by certified mail addresud to B~rre?wer at
the Propem• Address or at such uther addrc~. as R~~rr~~wer ma~• deaignate b~~ natice to l.ender as pmvided hercin. and
(bl any notice to Lender shall he ~i~rn hy certifir~l mail. rMurn receipt requested. m i ender'c addrecc stated herein or to
sach other addre~c as I.e~der R1J\' (}C~IQfI:!(C hr n~.ticr ta Bormuer as pm~~ide~1 herein. Any notice pmvided for in this
Mortgagc shall be c1.:emed to ha~c t?ecn ~i~~cn to Borrawcr or Lcnder wfien given in thc manner de;ignated herein.
15. Uniform MortRaRe: C:o~ernin~ i.aw; Srverabilih•. Thi~ form of mortgage combines uniform covenants for nationai
use and non-uniform ro~enanh w•ith limite~f ~•ari~tiom h~ juri~Jirtion t~ constitute a uniform secur+ty instrument rnvering
real propert~•. Thi~ hlortgage shall tx gu~~~rnrd h~- thc 1aH~ of the juricdicti~n in which the Pmpert~~ ic lixated. In the
event that any pmvisiun or rlaute of thi. MortLagc c~r the iv~~te conflirts ~+ith applicable law~. su~h ronflict shatl not atTect
other pmvisions of this Mortgage ur thr '.`ute ~+hinc ~an Ix gi~•en efiect ~~ithout the conflicting pro~~iaion. and to this
end t6e provisions of the Mortgagc aod thr ~~~tr :~rc .trctared t~ be severable.
16. Borrower's Copy. Borro~crr tihall tx furni.hed a cc~nG~rmed cop}• of the Note and af thi~ Mortgage at the time
of execution or after recordation hereof.
17. Tr~acfer of the Propert~•; Acsumption. If ali c•r am part of the Pmperty or an interest t6erein i~ sold c.r transferred
by Borrower without Lender's prior writtcn ~~tin,rnt. e~rluding (al the creation of a lien ~r encomhranre subor~linate to
thit Mortgage. (b) Ihe creaUon ~f a~ur:ha.~ m~mrti~ .crurit~~ mterest f~r household appliances. Ic) a Irancfer h~~ devise. ~
descent or by operation of law upon tfie Jca~h uf a i~~int tenant or (.1i the grant of ~m~ Ieasehnld interest of thrc~ t~ars or lete
not containing an option to purchase, i.ender ma}•, at Lrnder ~ optic•n. declare alt the cums se~ured b~• this 1lurtgage t~ hc
immed~ately due and payable. Lender ~h~ll hair u:~ned .~+~h option to acrelerate if. prinr ro the ~ale ~r trancfcr. Lender
and the person to whom the Property i, tn h~ ,~1.1 ~~r tranderred reach agreement in writing that thr credit rf .uch ~non
ic satisfactor}• to i_ender and that the in~err.t p~y-~Me ~•n the sume krured h}' thi~ ;11ort¢age shall be at such rate a~ Lender
shall requesL If l.ender has waived thc option to :~cccler~ic pro~•ided in this paragraph 17. and if Borrowcr', ~ur.ecsc.r in
interest has executed a w~itten aswmption agreement accepted in writing by i.ender: Lender shall release Borrow•cr fmm all
obligations under this Mongage and the Note.
If I.ender exereises such option ~o accelerale. I.en~ier ~hall mail Borrower notice ~f acceleration in accord:inrr ~~h
paragraph 14 hereof. Such notice shail pravide a reri~,d ~~f not Ies~ than 3A dacz from the date the notice ic mailed within
which Borrower may pay the sums declared due. lf BorruHCr tails to pa~~ such si~m~ prior M the expiration c•f ,urh ~n~Kl.
Lender may, without further notice or demand on F3orrower. im•oke an~- remedies permitted h}~ paragraph 1 R hcrcc~f.
Norv-UxtFORnt CoveY~xTS. Borrower and Lender further covenant and agree as follows:
18. Acceletation; Remedies. Except 9s pro~~ided in para~raph 17 hereof, upon Borrower's brcach of any co~enant or
agreement of Borrower ia this Nortgage, includin~ the covenants to pay when due any sums secured by this MortRage. I.ender
prior to acceleratbn shaq mdl notice to Borrower as provided in paragrap6 14 hereof specifying: (1) N~e breach; (2) the action
requind to cure such br+tach; (3) a date. not less than 30 days trom the date the notlce js mafled to Borrower. b~~ v?hich such
brcach musf be cored; and (4) that failure to curc such breach on or before the date specified in the notice mav result in
accekration oE the soms secured by this Mortga~;e. forcclosure by judicial procteding and sale of the Propcrt~. 11~e notict
s6a11 further inform Bormv?er of the riqht fo rcinstate after accekration and the right to acsert in tbe foreclosurc pmceeding
t6e aon-esistence of a defauM or any other defense of 8orrower to seceler~tion snd forecbsure. If the breach ts aot cnred oa
or before the date specified io the notice, l_ende~ at t.ender's option may declue all of fhe sams secured by this Mortgage to be
immediately due and payable without further demand and may foreclost thls Mottga~e by judicial procetdin~. I.ender shatl
be entiHtd to collect in such proceeding aN e:penses of foreclosure. inciudiog. but oot timited to, rrasooaWe setturney's fees.
aad costs aE docomtotuy evidence. abstracfs and titk nports.
19, norrower's Ri~6t to Reinslate. Notw~ithsia~ding I encier s acceleration of the sums secured by ~his Mortgage. ~
Borrower shall have the right to have any procecdings he~un hv I.ender to enforce this Mortgage discontinued at any time
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