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l.eader's wcittea serameat or applicabb taw. Borrower sh~U psy thc annount ot aU mortaa`e iaswaace premiuan~ in tbe
manner providod uode~ pusgapt~ 2 hereof.
Any amounts disbursed by i.~nder punwnt to thi~ paragnph 7. with inter+est ~hercon. shall become additiond
indebtodness ot Borrovrcr sxurod by this Mongage. Unkss BoROwe~ and Lenckr agroe to Mhe~ temis ot paymeM. such ,
amounts shall be payabk upon natice from I.ende~ to Bartower reqyestina paYment theroof. and shaU beu interest from the
date of disbursement at the rate payabk trom time to ~tiine o~ artstandint princip~l under the Note unkss payment of
intereat at such nte vrould be contnry to appticabk law, in which event such amounb ahal! beu interat at the hi~hest rate
pecmiaibk unde~ applicable law. Nothing containcd in this paragraph 7 shdl requir+e i.ende~ to incur aay experae or t~te
any action hereuadar.
S. lae~ettio~, i.ender may make or'cause to be made rca.wnabk entries upon and inspoctio~s of the Property. provided
that Londe~ shal) give Bomower notire prio~ ta any such inspection specitying reasonabk caute thercfo~ rclatod to I.a~de~'s
interest in the Pmperty.
9. Co~sdewasfio~. The proceeds of any award or claim for damages, dircct o~ consequential, ie connection with any
co~demnation or other taking of the Property, or paK thercof, ar for cc~veyancc in lieu of rnndemnation. arc hereby assianed .
and shatl be paid to I.~nder.
in the eveni of a tota! taking of the Propeny. the proceeds shall be applied to the sums secured by this Morta~ge.
with the excess, if any, paid to Bonower. in thc event of a panial laking of the Propcrty~ unless Bomowcr and I.endtr ~
otherwise agree in writing, there sfiall be applied to the sums securcd by this Mongage such pmponion of the praoads
u js equat to that proportion which thc amount of ~hc sums serurcd by this Mortgage immediately prior to the date of
takipg b~ars to the fair market value of the Pmpeny immediately prior to the date of taking, with the balance of the pmceeds
paid to Borrowe~.
if tbe Property is abat?doned by Bo~~ower, ar if, after notice by I_ender to Borrowrr thu th~ cond~mnor o}ftn to malce
an award or settk a ctaim fo~ damages, 8c~rrnwer failc Ia res~nd to I.ender within 30 days after the date such notia is
maikd. Lender ~s authariud to collect and apply the proceeds, at l.ende~
s option, either to restoratio~ or repair of the
Propeny or to the sums sccurcd by Ihis Mort~tattc.
Unless Lender and Borrower otherwise agree in writing, any xuch application of praeeeds to ptincipal shal) aot extend ;
or postpone the due date of the monthly installments referred to in paragraphs ~ and 2 hereof or change the amount of
such installments.
10. Eorrower Not Rekistd. Extension of the time far payment or modi8cation ot amortization of the sums sxurcd
by this Mortgage granted by [.ender to any cuccecsor in interest of Borrower shall no~ operate to release. in any manner,
the liability of the original Borrower and Bc~rrower'c successnrs in interest. I_ender shall not be required to commence
proceedings against such successor or reA~se to extenJ time fo~ payment or othervvise modify amortizat~on of ~hr ~~~ms
secured by this Mortgage by reason of any demand made by the ori¢inal Borrower and Borrower's strccessors in intercct.
1l. Forbearance bp I.ender Not a Wairer. Any fort+eara~ce by l~nder in exercising any right or remedy henunder. o~
otherwiu affordtd by applicablt law. shall nc+t be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insarance or the paymeat of taxes or other liens or charges by l.ender shaii not be a waiver of Lender's
right to accelerate the maturity of the indehtednecs secured hy this Mortgage.
12. Remedies Ce~ouhti?e. A11 remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or atiorded by law ar equily, and may be exercised concurr+ently, independendy or u~ccessively.
' 13. Socce~o~s and Assi~as lbuad:.Iaat snd Sere~ [.iab~ty; Captbos. 'I1~e covenanu and agreements hercin
contained shall bind, and the rights hereunder shatl inure to, the respective successors and assigns of Lender and Borrower.
subject to the provisionx of paragraph 17 he~eof. All covenants and agrcements of Borrower shall be joir~ and several_
The captions and headings of the paragraphc of this Mortgage are for convenience only and are not to be usM to
~ interpret or define the provisions herec~f.
14. NWke. Except for any notice rcyuired uockr applirable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortgaee shall tx given by mailing such notice by certified mail addressed to Borrower at
the Property Addrcss or at such c?thcr addresc as Borrower mav designate by notice to 1.ender as provided herein, and
(b) any notice to Lender shall he givcn by certified mail. return receipt requested, to l.enders address stated herein or to
such other address as Lendt~ may desiqnate by n~+tice to 8ormwer as provided hercin. Any notice pmvided for in this •
Mortgag~ shall be deemed to have been given to Borrower or Lender when given in the manner dtsignated hercin.
15. Uniforai Morf~a~e; Gorernin~ Law; Se~•eraM'lit~:. 'il~is form of mortgage combina imiform covenants for ~ational
ux and non-uniform covenants with limiteJ variations h}• jurisdiction to constitute a unifqnn security instrument eovering
r+eal prarpeny. This Mortgage shall be governed hy the !aw of the jurisdiction in which the Property is located. 1n ihe
eveni that any provision or clause of thic Mortgage or the Note conflicts with applicabk law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the N~ite arc declared to be severable.
I6. Borrowe~s Copy. 8orrower shal! bc furniched a conformed copy of the Note and of this Mortgage at the time
of execulion or after rccordation hereof.
l7. Traosfer of fbe Properfy: Assumption. if alI or any part of the Property or an interest thercin is sold or transferred
by Borrower without Lender's prior wriacn ~onsern. exctuding (a) the creation of a lien or encumbraoce sutwrdinate to
ihis Mortgage. (ts) the creaUOn of a purchace m~ne}• security interest for household appliances. (c) a t~ansfer hy devise.
descent or by operation of law• upon the cicath of •r joint tenant or (d) tfie grant of any leasehold interat of threc ycars or less
not containing an option to purchase, Lender may, at Lender's option, declare ait the sums securcd by this Mortgage to br
immediately due and payable. Lender shatt have ~~aived such option to accelerat~ if, prior to the cale or transfer. l.ender
and the person to whom ihe Properly ic to bc :o1J or transferred reach agrcement in writing that the credit of wch pcrson
is satisfactory to Lender and that the intcr~at pay~able on tbe sums secured by this Mortgage shall be at such rate ac l.ender
shall rcquest. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s sucressor in
interat hu executed a written auumption agreement xcepted in writing by Ixnder. [.ender shall release Borrower fmm all
obligations under this Mortgage and thc Nae.
if Lender exercises such option to accelerate, Lencier ~hall mail Borrower notice of accekration in accordanc-~ ~+~eh
paragraph 14 hereof. Such notice shall provide a period of not tess than 30 days from the date the notice is mailcd wiihin
whic6 Borrower may pay the sums declared due. !f Sorrouer fails to pay such soms prior to the expiratioo of cuch pericxl.
[.ender may, wilhout further notice or demand on liorrower, invoke any remedies permitted by paragraph I R hereof.
Nox-UNiFORnt Covetv,?NTS. Borrower and Lender further covenant and agrce u folbws:
- Ia, Accekrstion; Rersedies. E:cept as prorjded Ia ~r~rsph 17 i~ereof, ~po~ Eorrowers Me~cl~ of aay co~c~ant or
a~rrsaoeat ot Borrowcr fa t6h Mo~e, ieclodin6 t6e coreasMs to ~ay whe~ dre a~y s~a~s sec~rei bp tMk Morl~a~e. Lewde~
ptior to aecekrstioa shdl mail ~otice to dorrawer as provlded !a para~rapU 141~ereof s~ecit~: (11 tbt breac1~:12) tbe sctiw
~+eqaired to c~re s~cM bresclu (3) s date, aot less than 36 dals fro+w tbe date ttie ~Mke M waile~ to dorrower. b7' which suc6
bresch aswt be c~re~ ~d (4) t6st iailure to cere srcM bresc~ os or ~efore t6e date ~ iw tbe wotke wsr restilt L
secdersfio~ of tbe s~ sarred br tbis Mortta~e. foaclosore by j~cW Proc~ aoi sa4 ~ the Prope~. 'IUe notice ,
sWl fortber iefona Dorrower at tbe ri~~ to reiastate ~t1er aceckrsKow aai tl~e ri66t to atsc~t t~ tl~e for+etiossre N+ocee~ .
tMe oo~-e:istesce of a dtiaWt or aay dber dHease of ~orrower to sccelerstio~ ssd foreclosrre. N t6e breacr is ~ot c~N o~ ~ .
or bttore tl~e date spec~d b t6e sotice. l.ender l.ender's optioa msy declare d ot tre wws see~red by His Mort~aRe b be
fa4sedistely dne sai payabk ~?itlwot Ewiher demand ~nd may farcbse tbi~ Mott~a~e yr jodicW'roeeedioR. Lender chaq
6s eNitled to co8ect i~ wcr proceediu6 sN expcoses oi foreclosure. incindia~. brt ~ot ~ite~ t0. rra~ooaaie stt~xney's fees.
aad costs af doc~Mar7 e~i8e4ce, abtrscts and titk rrcporls. - `
l9. sore~ower's Ri~! to Ret~tate. NMwilhslanding l_ender s acceleration of the sums secured by th~s Mortgage,
Borrower shall have the right to have any proceedings he~un hy l_ender to enforce this Mongage discontinued at any time
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