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Lcnder's writtw asc+ee~neat or applicable law. Horrower ~hal1 pay the amouut of dl morts~o L~aucaaoe praaluau~ in tbe
manne~ p~ovided under pua~aph 2 hereof.
~1ny *tnounta disbu~sed by I.e~de~ punuant to thit pan~~raph 7. with iaterat thereon. thall ba~ome additiond
indebted~ess ot Borrower ~ecured by this Mo~a~o, Unku Borrower aad Lende~ a~+ee to othe~ ternu ot paytnetk. wcb
•monats s?~a11 be paY:bk upoo notice trom L.ende~ to Borrowar requeslln~ payment thereot. and shaii bea~ intereu ft+an the
date of dtsbunement at the t~ate payabk from ti~ i+? time on ouhtand~ principal under the Note unless p~yn~ent oi
iater+ast at :uch ate wonld be contary to applicabk law. in which event sueh amounu ~afl bear intertxt at the hi~st nte
permissibk under applicabk law. Nothint oontained in thi: pu~nph 7 shall roquire Le~der to iacut any e:pen~e or tate
any sctioa hereuader. -
I~ectior. i.enc#er may make or cau~e to be made rcasonabk entries upon and inspections of tl~e Property, provided
that i.eeder shall ~iv~e Botrowec notice prior'to ~y wch inspoction spocifying reasonabb cause theretor reiated to Lender's
interest in tha Property. Y., •
9. Cade~~piow. '11~e proa~eds'o( any award or claim for dunages, direct or consequeatial. in connectlon with aay
condemnation o~ otber talcina ot tht Pwperty~ or part thereof. or for conveyance in lieu of coodemnation, ue hereby aui~ned
and shall be paid to I.ender.
In the eveat of a toWi i.;:;s~~ t~ property. the proceed~ shall be spplied ta the sums ~ecurod by this Mort~age.
with the excas. if aay. paid to Borrower. In the event af a partial taking of the Property. unless Borrower and Lender
otherwise sgr~ ;n writi~g, therc ~alh be applied to the sums secured by this Mortgage such proponio~ of the proceeds
as is equat to that pwportion which the amount of the sums secured by this Mortgage immediately prior to the dsro of
, takin~ bcan to the fair market value of the Property immediatcly prior~to the date of takiag. with the balance of the pmceeds
paid to Borroaer.
If the Property is abando~ed by Borrower. or if, after notioe by Lender to Bornower that the condemnor oRers to m~ice
an award or settk a claim for damages. Borrower fails to rapond to i.ender within 30 days aher the date such notice ia
mailtd. I.ender is wthoriacd to ooltect and apply tht procceds. at i.ender's option. either to restoration or repair of the
Pwpeny or to the swns secured by this Mortgage. .
Unless Lender and Bornower otherwise agr~oe in wrlting, any such i{~tication of pr+oeeeds to pdncipal shal! not extend
or postpone the due date of the nwRthly installments nferred to in paragraphs 1 and 2 her~of or change the amount of
~ such installmenta.
lA. lbrrower Not Rekased. Extension of the time for payment or modiflcation of amortization of the sums secured ~
. by this Mortgage granted by Lender to any succeswr in intercst of Borrower shall noi operate to nMa:e. in ~any ma~ner.
the liabiliry of the original Borrower and Borrower's successon in interat. Lender shall not be "required to canmenc~e ~
D~ooeedings aaainst such suocessor or refuse to extend time for payment or otherwise rnodify amottization of the sunu
sceured by this Mortgage by cr,~son of any demand made by the original Borrower and Borrowe~'s auccessors in Interest.
lt. For~earanc~ y Lender Not s Wdrer. Any forbaaranc:e by Lender in exercising any right or nmody hereuader, or
otherwise sfforded by spplicabk law. shall not be a waiver of or proclude the exercise of any snch right or remedy. .
The procurement of insuranoe or the payment of taxes or other liens or charges by L.ender shall not be a waiver of Leader's
. right to accelente the maturity of the indebtedness secured 6y this Mortgage.
lZ. ltemedie~ C~mWafite: All remedies provided in this Mortgage arc distinct and cumulative to any other right or
rcmedy under this Mortgage or atforded by law ar equity, and may be eaercixd concurrendy, independently or suoasaively.
13. Srecesrors aad A~ 1oa~d: Joiet aod - Several i.i~6~ry; Capdoos. The covenanta and agreements herein
contained shaU bind. and the rights hercunder shalt inuro to, the rcspectiv~e sueoessors and assigns of Lender and Borrawer.
subject to the provisions of puagraph 17 hereof. All rnvenants and agreemenu of Bonower shap be joint and severAl.
The captions and headings of the paragraphs of this Mortgage are for conveniena only. and an not to be uxd to
, interpret or defi~e the provisions hereof.
I4. Notice. F.~ccept for any notice required under applicable iaw to be given in aaoiher manner. (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such natice by certifled mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to i.ende~ as provided herein, and
(b) any notice to Lender shall be given by certitied mail, rctum reoeipt requested. to Lender's addrcss atated hercin or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notic~ prnvided for in this
.'.?~rtgage shall be d~enxd to have been given to Borrower or Lender when given in the manner designated herein.
1S. Ueiform Mo~a6e; Goveroin~ Lw; SeverabWty. This form of mortgage combiaes oniform rnvenants for nationai
use and non-uniform covenants with limitcd variations by jurisdiction to constitute a uniform socurity instrument covering
r+eal property. 71~is Mortgage shal! be governed by the law of the jurisdiction in which the Properry is lceated. in the
event that any provision or clause of this Mortgage or the Note conflicts with applicabk law, auch conAict shall not atftct
: other provisions of ihis Mortgage or the Note which can be given etfect without the eonflicting pr+ovision. and to thia
end the pcs.?visions of the Mortgage and the t~~te are dectared to be severable.
16. Dorruwu'a Copy. Borrower shall be furnished a~conform~d oopy of the Note and of this Mortgage at the time
of ea~ecution or after recordation horeof.
17. Traoder of tbe Property; Assomptiou. If all or any part of.the Property or an interat therein is soid or transferrtd
by Borrower without Ltnder's prior written consent, excluding (al the creatioa of a lien or encumbnnce subordinate to
this Mortgage. (b) the cnation of a purchase money security interat for household appliances, (c) a transfer by devise.
desc~nt or by operation of law upon the dcath of a joint tenant or (d) the grant of any leasehold interat of three years or kss
not containing an option to purchate. Lender may. at [.ender's option. dectare all the sums securod by thia Mortgsge to be
immediatety du~e and payabk. Lender shall have waived such option to accelsrate if, prior to th~ sak or tranafer. Leader
and the person ta whom the Property is to be sold or transferned reach agreement in writing that the credit of such person
is astisfactory to Lender and that the interest payable on the sums sxured- by this Mortgage shall be at such nte aa Lender
' shall request. Tf Lender has waived the option to aoxlerate providad in t6is paragraph 17. and if Borcower's sucxessor in
interat has executtd a written assumption agroement accepted in writing by Lender, Lender shall rekase Borrower fran all
obligations under this Mortgage and the Nae.
If Lenckr exercises such option to aocelerate, I.ender shall mail Borrower notice of accekration in accordsncx with
paragraph 14 hereof. Such notice shati provide a period of not iess than 30 days from the date the notice is maikd witbin
which Borrower may pay the sums declarcd doe. If Borrower fails to pay such sums prior to the expiration of such period.
[.ender may. witt~out further notice or demand on Borrower. invoke any remedies permiKed by paragraph 18 hereof.
NON-UMFORM COVFNANTS. Bomawer and Lender furthtr oovenant and agne as follov~n:
l~a. Accderaqo~ Re~edia. B~cept as p~+o~ided i¦ pu~rapb 17 bercof. ~po~ dorrower's breac~ ot ~ co~ewt or
a~reeve~t ot ~orrower h ti~t Mo~a~e. indo~ tl~e co~eaaNs to p~y wheR dre asy wms reesrei b~ t~ MorfpKt, Le~der
prior to scederaio~ sl~all auil ~odee to Dorrower as pro~Wed b pan~rapb t4 iereot ~(1) fi~e bn~ch: tLe ~etloi
~ r~ 1o ca~e s~ 6raic~ s date, not las lhan 3A days frow tbe date tlie ~atlce ls ~ te lotrnwer, !rJ wMki weti
~ 6rescl~ ~srt be er~'e~ aod t6at tail~re to ceee socM 6cesc6 os or 6etae tiie dade ipecl6ei i~ tlk ~olke ~~ss~lt i~
~ aeederaAio~ ot ~e nurs iee~ed 6~ tiis Mortp~e, faecloeare 6y ~1 lroeaddK a~ s~k ot ttie lroperlp. 'IUe ~otke
~all t~rt6er i~Mr~ Donower ot tre riCbt to rsi~hte att~ secdentio~ awd tie ri~it b~e~t ~ tie. [oroclew~e Nooeeii~
tre eotezl~te~e at a detaalt or aar otLer ~etea~e oi sorrower to:ccekrstloa a~i tor+cclowre. g fYe reeacl~ i~ aat e~rei aw
. ar betore ~e dale ~pcetiai i~ I~e ~otke, La~er at I.eader's optio~ mr 8eclare a/ ot tre wss sec~n+ei i~ tl~i~ MoNpp 1a be
I~r~eil~bd~ dre ~d ~qa61e wili~oYt tmt6er desari ar~ sq toreeloK trM Mor~e b~ N~•
~ be e~tl~ei to eolfett 6~ ~~rooadi~ a~ e~eMes ot [o~eelowrr, tae~, bot oot Ywkei fa, rearo~bie attor~e~'i fea.
' ~wd torr oi iaca~ar~' e+liesee, s6~hatb a~i tltle rs'orb.
F 1!. lorrowe~~ Ri~kt to Rd~tate. Notwithstanding Lender': aocekntion of the wms saaired by this Mort~a~e. .
~ Borroaa shall 6ave the riaht to have aay ~oceedings begun by Lender to eoforce this Mort~age discontinued at any time
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