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I.e~Jc~ i a•ritten agrrrmrnt or applirable law. 13orrower shall pay the amuunt of all mortgagc incurance premiums in the
mrnncr prmidcd under paragraph 2 hereof.
Any amounts dishursed by Len~er punuant tu ~his paragraph 7, with intcn;st Ihereon, shall ~ bccome additional
inJehledness of &~rmwcr securcd hy Ihis Mu~tgage. Unle~s Bo~roWCr and I.enJer :~gn~ to ather terms of payment, cuch
amounts shall he payahle uEx~n nc~ticc from I.cnder t~~ Aorruw~r rey?n;sting paym~nt therco(, and chalt hear interest from the
datc of disbursement at ~he ratc p~yahlc fmm time to time on outstanding principal unde~ ~he Note unless payment of
interest at such rate would he contrary t~~ applicable law, in which event such amounts shall hear ioterest at the highest rate
permissible under applicable law•. Ni~thing c~~n~ained in Ihis paragraph 7 shall requirc l.ender ~o incur any expense or take
any action hercu~der.
8. laspection. I.ender may make or rau.r t~ t?e madr rea.onable rn~riee opun and inspectionc of the Property, provided
that I.ender shall gi~•e Borrower notice pri~~r t~~ any ~uch impeclion s~xcifying rrasonable cause thercfor related to I_ender's
intcmet in the Pmpcrty.
9. Condemnalion. The prckeed~ of am• a~~;ird or claim for damakes. dircc~ or roncequential, in connection with any
condemnation or ather taking rf the P~o~rty, ur part thcrr~~f, or for cunvcyanre in licu of rnndemnation, are hercby astigned
and shall t+c paid to t.cnder.
ln ~he event of a tut.~l taking of ~h~ Pr~~~xn~•. ~hc pr~k•re~ls ehall he applird to the tums secured by this Mortgage.
w~ith the eticcss, if any, paid to Rorn~wer. In thc cvcnt ~.f a partial taking of Ihe Property, unlecc R~rrower and I.ender
otherwi.e agree in writine. there chall t+e applied t~~ ~hr wmc ucure~l h~~ thi. ?~iortgage_ such proportion of the proceeds
as is cyual M that propoNion~~hich thc amount ~~f ~hr .um~ .ccured M thic ~1orlcagc imm~diatcl}• prior ro ~hc date of
taking hear~ to the fair market valuc of thc Pro~xrt~ imma~liatcl~• pri~~r to the ilate.•( taking, with the balance of the pmceeds
paid t~~ Bormwcr. - _
if the Property ic :~hand~ne~ hy~ BorroH~rr. i~r if. after notice hv I ender to Borr~wer that the candemnor offers to make
:~n aw~ard c.r ~ettle a claim for dama,r~. R~~rrc.wrr f:~il. t~+ rc.Fx~nd t~~ l endcr ~'ithin ?0 da~s afler the date such notice is
mailed. Lender ic authorind to a~llect and ap~l~• the prc~cced~. at I.ender'< ~ption, either to restoration or repair of the
Propcr~~• or to thc sumti ~ccurcd hy ~hi~ !~1or~ga,~c.
Unlesc I.ender and Borrowcr Mhenvicr aeree in ~+ritine. am~ wrh applicatii~n ~f pnkeedc M principal thall not extend
or ~~t~~ne Ihc du~: date of thc monthl~ in.tallmrnts referred to iR paragraphc 1 and ? hercof or change the am~~unt of
such installments.
10. Borron•er Nof Released. Extcn~ion of the timc fur pa~•ment or modificati~•n of amorti-r.ation of the sumc secured
by this Mor;cacc grantcJ M• I cndcr tr :111\' ~U~l'l`~WF in imrrr.t of Rorr~ker ~hall n~t i.~xratc to rclcasc. in an}• manncr. .
the liability of the original Borrowcr :md B~~rmw•cr'. surcc~.~~r< in intcrctt. I_endcr ~hall not Ix: mquired ti• rnmmenrc
prn;ecJings againtt such sucrc~s~r or m(ucc tc. c~tcn.l tirpc for payntent or u~hcn~•i.c modif~• amortizatinn ~~f thr ~~~ms
~erured h}• thi. Martgage by reas~~n uf am~ drmand made b~ thr ~~ricinal Borri~wer and R~~rmH~er's succrscorti in intcre.t.
11. Forbearance 6y I.ender \ot a R'aivcr. :~m f~~rtxraranrr h~• I.rndcr in c~crcising am~ right or rcmcdy hereunder. or
otherwi~e afTordtYl bv applicahle law•. ~h:~ll n~•t he a wai~•er of or preclude the e~ercise of am~ wch right c~r remedy.
The procurement of insurance or the paymrnt oi t:?~~~ or othrr lien~ or chargec b}• I.ender chall not he a Naiver af I.ender'~
right to acrrlcratr the maturit~• of the indchtcdne~c kcured h}~ thiti Alortgagc.
12. - Remedies Cumulative. All reme~lie~ ~rm•ided in thi< 1lorteage are .listinet and rumulative m am• c.ther rieht c•r
remed}• under this Mortgage c~r afiorde~l h~• la« ~.r ~yuit~•. c~nd ma~~ ~ ercrci~eJ concurrcntl~•. independentl~• or sucre~~iceh'.
13. Successors and Assi~ns Bound; Join~ aod Se~eral Liabilih~: Captions. The covenants and aercements herein
containal shall hind, and the riQht~ hereunder shall inure to. Ihe recpective succecx~rt and actigne of I en~er and Borrower.
subject to ~he provi~ionc of paraeraph 17 hercof. All cm~enants and aereement~ c~f Borro~~er shall tx; j~~i~t :~nd te~~eral.
"il~e captions and headinRs of the par.ierar~h. ..f thi~ Morleaee arc for rnnvenicncc ~nh• and are nat tc~ tx ~i~ed to
interpret or define the pmvisionc here~l. ~
14. Notice. Except tor any n~~ti:e r~yi~irrJ undcr :ipplicable laa t~. be given in another manner. (a1 am~ notice to
Burrower pmvided for in this ~4ortea~e ~hall Fx givrn h~ mailin¢ ~uch n~tice b~' rerlified mail addre~sed to Bc.rm~.er at
the Property Addrecs or at.such othrr addrc.. :ic B~,rr~~wer m.~:•.desienate b~• n~~ti~e ti~ I.ender as pro~•i~icd hrrrin. and
~(hl an~~ no[ic~ ti~ Lender shall Frr ci~~n ht~ c~rtifi~~i m;~il. mtum recei~t reyue~ted. Ic. I ender~ addresc stated herein or to
~uch o~her addrest as I.rnder mac dcci~nate•h~• n~•ti:r t~~ Borr~~w•er as pm~•ided herein. AnJ~ notice pmvided for in thi~
~lortgage shall hc deemed to h:~~c b~c~ g~~•en to R~rn~wrr ur Lcnder ~•hcn gi~•cn in thc manner designated herein.
15. Uniform !liortRa~e: Go~•ernin~ i.av?; Se.errbilih. ~Thi~ f~~rm uf mortgaee combines ~miform covenants for national
; use and ni•n-uniform a.~enant~ with limite.l rari:~tii~nc h~- jurisdirtion to constitute a uniform serurih~ instrument rnvering
real property. Thic Mortgagc shall bc govcrned h~- the la~~ ~f the juri~diction in which ihe Property i, I.x:atcd. In the
e~~ent ~hat any provision ~r claute of thi. ;1lortgaee ~~r thr '~~~te ~c.nflict~ ~ith applicable law. sunc ~onflict shall not afTect
iuher pmvisionc of this Mortgage or thr N~~tr ~hich ran tn given etiect ~~•ithout the ~onflicting pm~~ision. and to this
end the pro~•i~ions of the Mortgage and th~ \~~tr arc .Irclared t~~ he ;cverable.
s lb. Borrow•er's Cop~~. Borro~~•cr ~h:ill t+r furni~hc~l a ronformcd rop}• of thc No~c and ~f thic Martgagc at the timc
of eYecution or after rcc~rdalion hereof.
~ 17. Transfer of the Pmperf~; Actiumplion. If all ~~r am~ pari of thc Pr~~pcrty or an intcrest thercin it s~dd or trancferrcd
' by Borrowcr without I_cndcr's pri~~r Hrittri? ~~~mcnt. r~~luding lal thc crcation of a licn or encumbranre suhor~linatc t~~
~ this 1~tortgage. (bl the creaUon ~,f a ~or:h:~.c m~mrc .eruri~~~ mterest for househ~~W app7iances. Icl ~rantfer h~~ devise.
F descent or by opcration of law upon thc Jrath ~~f a j~~int tcnant or Ici~ the grant of am• !~auhold interest ~~f thrrc ~rar. ~~r lets
~ not containing an option to purchase. Lendcr m:~c. at Lcnder'. option. declare •rll ihe sums secured h~~ this '?lortgage to be
~ immediately duc and payable. Lender ~hall ha~c H:uved wch option to attelerate if. prior to the .ale ~~r transfer. 1_cnder
~ and the peru~n to whom the Property i. tu h~ .ol.f ~~r transferrcd reach agrerment in M•riting ihat the creelit ~~f ~uch Exr,~n
4 it satisfactory to I_ender and tha~ the interc.t pa~•~hle i.n the sumc secured ht~ thi~ Morteage ~hall be at such rate ac I.rnder
~ shal~ request_ If [.ender has waiveJ the optior~ te~ :~ecelerate pro~~ided in thic para¢raph 17. and if B~rrower'. ~uccess~r in
~
~ interest has executed a written assumption agreement accepted in writing by (.en~er. Lender shall reieace Borrow•er fmm all
s: obligations under tliis Mortgage and the Note.
~ If I.ender erercises such option t~~ accelerate. t_eniler ~hall mail B~rrower notice ~~f arreleration in arcordancr •..~th
_ paragraph 14 hereof. Such notice shall provide ~ri~xl ~~f n~~t lesc than i0 daps fmm the date 1he notice ic mailed with~n
;3 which Borrower may pay the ~ums declareJ due. If Borruwcr fails to pay such sums prior to ihe eYpiration uf cuch ~xri~xl.
b I.ender may, wilhout further notice ~~r d~mand on linrruaer. im~oke am~ remedies permitteci h~• paragraph 13 here~~f.
't NON-UNIFORM COYENANTS. BOf(OWCf :lRd I.C(1(ICi fU~1F1C~ COVC(laftl 3I1(I agree as follows: .
- l8. Acceleratan; Remedies. Except as provided in paro~raph 17 hereof. upon Borrower's breach of any coveaant or
~ agrcement of Borrower in tbis 111ortga~e. includinR the co~•enants fo pay when due any sums secured by this MortRa~e. [xnder
= prior to acceleratioa s6a11 mall notice to Borrower as prorided in paragraph 14 hereof specffyin~: (1) the breach; (211he action
required to curc soch breach; (3) a ds~te. not lcss than 30 days from the date the notice is majkd to Borrower; by which such
- bnach must be cnred; snd (4) lhat failure to cure such breach on or beforc the date specified in thc notice may result in
= acceleration of fhe so~u secured by this Mortgage. foreclosurc by judicial proceeding and sWe of tbe Properly, 'Il~e notice
shall further inform Borrower of the right to reinstate after acceleratan and the right to assert in the foreclosnre procetding
the non-exisfence of a default or any other defence of Borrower to acceleration and forecbwrc. If fhe breach is not cnred oa
or before thc dafe speci6ed in the ratict. I.ender at I.ender's option may declare aA of the snms secured by thic MortgaRe to 6e -
_ immediattly due and payablt without further demrnd and may foreclose this Mortgage by judicia! proceedin~. I,ender shall
- be entitled to coUect in soch proceedi~ all expenses of foreclosurr. including. but not limited to, n~sona6le atturnev's fees.
and costs of docomeatary evidence, abstracts and title reports.
19. Borrower's Right to Reiastate. NotwithclandinK l.ender's acceleration of the sums secured by th~s Mongage.
Borrower shall have the right to have any procecdines tx:gun hv l.ender to enfarce this Mortgage discontinued at any time
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