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~ l.rnder's written agrcement or applic~ble luw. Horrower shall pay the amuunt d all fiortgag~ in.uM6~c~''premiums in the
m~nncr pruvidrd ~mdcr paragraph 2 hcrcof.
Any amounts disbursed by 1_rn~ler punuant to ~his paragraph N~ith intercst thereon, chall become addi~ional
imkhtednes~ uf Bo~mwcr securrd b~• ~his Mongage.. Unle,c Borruwer anJ 1 cn~ler agrcc t~ other terms of payment, such
amounts ~hall hc pa~aMc upon nutice frc~m I.rndcr tu Borrawrr reyuc~ting paymcnl thrreu(, and shall bcar interest from the
date of di~bursement at thc ratc pay~aMr fmm time to lime on outstanding principal undcr the Note unlesc payment of
interest at such rate would he contran~ t~~ applicable law._in which evem such amounts ~h~tl hear interest at the highest rate
. pe~missible undcr applicable law. N~nhin~; rontaincd in thic paragraph 7 shall require I.cnder to incur any expense or take
:iny action hcrcunder.
8. Inspection. I.cndcr ma~• m;~lc ~•r cau.r t~ he madr rcaconahlc cntric~ upon and inspcctionc ~f Ihe Pmpcrty. pmvidcd
th~t I.ender shall givc Aorrow•er n~~ur~ ~~riur tu am curh inspccti~m ~pccif~~ing rcast~nable causc thcrcfor rclated to l.ender's
intcrect in thc Pro~xrt~•.
9. Condemnation. Thr pnxrcd~ ~~f anr a~~:~rd or claim for dama~c., dircct nr ronccqucntial, in conncttian with any
condemnati~~n or other takin~ ~~t the Pro~xrty. ~~r part therr~~f. or f~~r c~~m~eyancc in lieu of rondemn~tion. are herchp assig~ed
and ehall hc paid to I.endcr.
In thc cvcnt of a tot.~l takinc of thc Pm~xrt~•, thc pra~ccds .hall Fx applicJ li~ iiie .u~~i~ :~c~~rcd b~• thic Mortgagc.
Kith the ercecs, if an}•, paid ~o Borm~cer. In ~he•evcm rf .1 p:~rtial taking ~~f the Properiy, unlece Borrow•er and I.ender
o~herwi.r agree in writin~_ there shall he applie~l t~~ thr .um~ srcurc~l M• thi. Alortgage such pro~rlion of the prcx:eeds
as is cqua) to that proEx?rlion ~~hich thc am~~unt ~~f thr ,um. u:iired h~• this ~{orte.~tie immediateh• prior t~~ the date of
taking bears to the fair market ~~aluc uf the Pr.~~xn~ imtn~diatcl~' pri~~r ti~ 1he ~latc ~~f taking, Hith the halance of the proceeds
paid to Bormwer.
if the Propert}• ic ahand~ne~l h~~ Borr~~~cr. ~~r if. aftcr ni~!icc h~~ 1 cnder t~ Rorrnw•er that the condemnor offers to make
an :?ward ~r cettle a claim For ~I:~magc~. R~~rr<~w~~r f:~il. a. m.p,•nd t:• t ender within 30 da~•s after the date such notice is
mailed. Lender ic authori~cd to rollect and :~~~Ir the pn•ccede, al I.ender'~ ~ption. rither to restaration or repair of tht
Pro~rt~• or to thc sum, .rcurcd M• this 11c~rte:~,_c.
Unles. Lender and Borm~ccr otherwi.r a~crer in ritin~_. am• tiuch appliratic~n ~f prcKCed~ to pri~cipal shall not ertend
or pcxtFx~ne the duc da~e of thc monthl~ in.tallmrnh ~cfcrrcd ~o in p:uaeraphti 1 and 2 hemof or change the amount of
' such installments.
10. Borrower Not Released. E?~tcncion of thr time fur pa~•mcnt or modifirati~n of amortization ~f the sum~ sccured
b~• this Mortgage granteJ M~ 1 ender t~~ an~• ~urrec.ur in int~rr.t ~~f Rc.rrower .hall n~t aExntc to rclease, in any manner.
Iht liahiiity of the oricinal BorroHCr :ind R~~rraw~r'. ~uccr~.~~r~ in intrrect. l ender ~hall n~~t he rcyuired t~~ e~mmenre
pr~?ccedings against such successor ur refu.c ti~ cr~crnl timr for paymcnt or otherwi~c mociif~• amortizatu~n ~~f ~hr ~ums
W:.:ureJ b~• thic Mortgage b~• reasc?n of am• dcmand madr h~ th~ ivi~inal Rarcow~er and B~~rrow•er s suceestorti in int~re~t.
11. Forbesrance 6y I.ender 1of a Waiver. :1m fi~rtx aranrr h~• 1~nder in r~ercisin~ :~n~• ricM or remed~• hereunder. or
c.then+~ise afTorded h~~ applicahle law•. ~h:~ll n~a Fk a wai~•er ~f ~•r preclude the e~ercise of am• such richt ~r remed~~.
The procurement of insurance or the pa~~ment ~f ta~c~ or ather lienc or charges b~• Lender ~hall not he a w:+iver of I.ender's
right ti~ accelerate the maturity of the indeMrdnr.s ~ccured h~~ thic ~iortgage. ,
~2. Remedies Cumulative. .Al) rcrrc~lic~ ~+r~~~ided in thiti At~rtgage arc distinct and cumulalivc to ~n~~ ~thcr right or
remeJ~• unJer this Mor~gage or aQ~~rd~J M• law ~,r cyui~~. anJ ma~~ he exerci~cJ r~ncurrenth•. independentl~~ c.r sncce~ci~~ch•.
13. Successors and AssiRnc Buund: Joint and Se~er~l I.iabilit~~; CapNons. Thc rnvcnants and aErccmcnts hrrein
rnntained shal) hind, and Ihe rieht~ her~under ~h:~ll mure to. the rrcpective suceec,i.rc and a~signc of Len~ler and Borrow~er.
subject to the prosision~ of paracr:~ph 17 hcrcc~f. rtU a~~•cr,ams an~ agrccments of Borrow~cr shall tx: j~~int :ind ee~•eral.
'1'he captions and headingc of thr paraLraph~ ~~f thiti Mc.rtcage are for convenience i~nl~~ and are nc~t t~ ha: u~ed to
intcr~ret ur define thc pro~•isionti here~f.
14. tiotice. E~cept for ant~ n~•ti:c r~yuircd un~lrr applirablr law to bc givcn in anathcr manncr. fal am' noticc t~
~ Borm~r.r prrn•idcd for in thic ~ti~rlga~r lhall hc gi~~~n hti' mailine euch noticc h~• ~rrtificd-mail addretisrd to B~rm~~~cr at
the Property Addrets or at such othcr a~drc.. as R~~rr~~HCr ma~• desicnate b}• n~~ti~e to i_enJer as pnn•id~d herrin. and
(h) any notice to l.ender sh~ll Fx gi~~n M• ~erlific~l n~:~il. return reeeipt reyu~sted_ to I ender~ ad~recs s~ated hercin or to
~uch other address as Lender ma~ d~~ienate hy nntiir t~~ B~~rr~~~er as pm~~ided hcrein. Am• notice pre~vided for in this
Mortgage shall be deemed to h;ne t+ccn L~~'r~ to B~rruwer ar Lrnder Hhen given in the manner decignated herein_
15. Uniform Mort~a~e; Goa•ernin~ I.aw; Se~errbilih•. ~Thiti f~•rm of mortgage rnmbines uniform c~venants for national
~ usc and non-unift.rm r~~~cnant~ uith limitr~l ~ariation. h~ juri.~lirtiun to constitute a uniform sccurit}~ instrumcnt covcring
real propcrq•. This Mi~r~gage ~hall he euvrrnrd h~ th~ law ~f thc juritiJiction in ~•hich the Propem~ i~ Iexated. In the
event that any pmvisi~,n ~•r rlau~e of thi. ~1~~rteace ~~r thr \ute r~n(lict< <~ith applicahle law•. such rnnflict shall not afiect
other pr~~~~isi.m~ of thie 1ltortgag< <.r thr \~~t~ ..hich can Ix given elTcct ~~i~hout the conflicting pmvisic~n, and to this
end the provisions of Ihe Mortcacc and 1h~ `utc arc .frrl:~rcd t~. he severable.
16. Borrower's Copy. Borr~~~ccr .h:~il F+r furni.he~l confom~ed copt' e~f the Not~ and of thic Morttiage at the time
of execution or aher recordation hercof.
~ 17. Transfer of the Propert}~; Assumption. Tf ali .~r arn part of the Pr~~pertt~ or an interest thcrein is sold or trancferrcd
by Borrower without Lender's pn~~r writ~rn ~~~a.em. ~~cluding la? the cr~~ti~.n of a lien or enrumbrancc sulx~rdinate to
thi~ M~rtgage. (hl the creah~n ~f a ~~~,;r~:~.r m~~nr~ ~rruritc mterest f~r h~usehoW appliances, (rl a transfer h~- devise.
~ dcuent ar b}• rEx:ration of 15w u~n thc .Icath a iuint tcnam ~r (d~ the gram cif am~ le:?ah~ld interest ~~f thrcc ~~arti ~~r lecs
~ n~,t containing an option t~ purchasr. i.ender ma~•. :~t Lender'. opu~,n. ~ecl~rc all Ih~ sum~ secured h~• this ~1~~rtgaee to I+e
immediatel~• due and pa~~aMe. Lender ~hall h:~~c ~~:u~rd .u~h opti~~n to accelerate if. prior to the .ale or transfer. t.~nder
~ and the per~n to whom thc Properl~~ i. tn he ,i•IJ tran~ferrrd reach aereement in wnting that the cre.iit ~~f ~uch per~on
~ it satisfacton- t~~ I.en~er and that the intcrr.i pa~able an thc sum, scrured h~• this '~iorteage shall be at snrh ratr a. I.ender
~ shall request. If l.ender has wai~•eJ thr opti~~n to :~ccelrrate pro~•ided in this paragraph 17. and if Bormwer', ~uceess~r in
~ interest hat executed a written assump~ion agr~em~nt accepted in writing by I.enJer. I.ender shall releace Bi~rrower fmm all
~ obligations under this Morlgage and the Nrne. -
~ If I.ender exercises such opti~n t~, ac~cler:~te. Len~ler ,hall mail Borro~er notice c~f acceleration in arcordancr •.~ith
paragraph 14 hereof. Such notice chall provide a~:ri~~d of not Ies~ than 30 da}~~ fr~m the date the notice is mailed ~ithin
~ which Borrower may pay the sums Jecl:~reJ due. If R~rrower failti to pa}' s!~ch sums prior to the expiration .~f tiuch ~xri~~d.
~ t.ender may. wiihout further notice or ~iemand c.n B~~rroHCr, im~oke an~ remedies permitted h~• paragraph 13 hercof.
NON-UNIFORAi CO~•e~reNTS. Borrower and I.enJer further cmenant and agree as follows:
; l8. Accderation; Remedies. Except as procided in parr+~raph 17 hereof. upon Borrowe~'s breach of any covenant or
agreement of Borrower in this Mortga~e, includin~ the co~•enaots to pay when due Any sums secured by this Mort~age, I.ender
prior to accekrstiou shall mail notice to Borrower as pro~~ided in paragraph 14 hereof specifying: (1) the breach; (2) the action
requircd to cure such breach; (3) a date. no! less than 30 d~ys from tbe date the notice is mailed to Borrower. by which such .
- breach must be cnred: aad (4) that f~ilurc to cure such breach on or beforc the date spec'died in the notice may result in
~ accderation of t6e sums secured by this ~tortgage. foreclosure by judicial proceedin~ and ssde of the Property. The notice
shall further inform Borrower of the riRht to reinstate after acceleration aad the right fo assert in the foreclosurc procteding
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the noo-existence of a defauk or anv other defense of Borrower to acceleration and forcclosure. If the breach is not cured on
or before the date specified ia !he noNce, I.ender at I.cnde~'s option may declare 911 of the suins secured by this Mortga~e to be
- immediately due and payable without fuAher demand and may foreclose thls Mortgpge by judicial proceedinR. I.ender chall
'?i~ be eudtled to collert in such proceediry~ all expenses ~~f forcclosure. includiog, but oot limited to, re~sonaWe anurnev's fees,
_ and costs of documeatary evidence, abstracts and titk reports.
19. Borrower's Rigbt to Reinstate. NotK•ithstanding I.ender's acceleration of the sums secured by this Mortgage, _
~ Borrower shall have the right to have any proceedingti tx~un '~y 1_ender to enforce this Mortgage discontinued at any time
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