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1 coder'. ++nnrn .tl;rrentrnt ur apph.,rhlr L+w 13.+r row et ,hall pa) the ,tm.v~nt of all nutrtga~e insur.utre premiums m the
m:utner pr++vide.l under paragraph ? hereof.
:gym :un+auth di,huned by 1 rn,lrr punuanl to this p,tr,?~r.tph 7. w ~t?t uttere,t Ihereun. ,hall he~onu additi.at:d
utdrhtednr„ of Itorrowrr secured hs tht, ~lort_ace 1 •nlr„ Bean+•.ter .utJ I rnJer .?Lree to ttlltrr trrmc of pacntent. wch
;umauth ,hall fx pavahlr up.+n n.ai;r In+m (ender h~ B.+rr.+wrr reyur,tinc payment there.+f.:ut.l ,h.+ll t><,u intrrr,t fmm the
date of di,hunrment a1 the colt paxahlr from time ut time on autslandint; principal under the Notr unless payment ttf
inRrrst at such rate would I+c ct+ntran• to applicahlc I:r+s. in which r+rn1 such amounts ,hall Fear intcrest a1 the highest talc
permissihlr under ;tpplirahlr law. Nothing contained m this paragraph 7 shall require I rndcr to incur any expense or take
.rny action hereunder.
R. In+pection. I ender mas• ma{,e or cau,c to }+c made reasonahlc emrics upon and impaction, of the Property. provided
that I ender ,hall give Barnnver notice prior to am• arch implstJitrn ?pccif~utg reasonahlc must: Ihcrel++r related to Lender's
intcrcst in the Property.
9. Condemnation. The pnkrrd, of any a++ard or claim for damages. direct or consequential. in connection ++•ith am•
condrmn;rtion or other takine of the Pn•pcrty. or part thereof. or for com•cvance in lieu t~f condemnation, art harehy assicncd
and shall t+a paid tt• I ender.
In the avant of a total Taking of Iht Property. the pncccdc shall ite applied to the wms ,rcured by thi, \lortgal;c.
++ith the c~cr,s. if am•. paid to Borro~~~r In the tvrnt of a partial t:?3.ing of the Pmptrt~•. unle„ Rurrt~++~r and I rndcr
otherwi,a agrea in writing. there ,hall Its applied Ia the ,unto sccure.l by thi, \lorteagt ,uch proportion of the proceeds
ac is equal to that pn+~t+rtion which the amount of tha sum, ,accred h+ thi, ~lorttace immadiateh~ prier to the date of
taking hears to the fair markat value of the Pruperq• immcdiateh• prior to the date of toting. ++ith the halancc of the prt.cecds
paid to Bormwcr.
if the Property is abandoned M• Rurn•++•rr. ~r if. after notice hx• 1 ender to &•rmwcr that the condemnor oBcrs to make
an aw:rrtt or settle a claim for damace,. Borrows r faih to ra,pond to I Boller within to dav_ s after the d;nr wch notice is
mailed. Lender is authorind to collect and apply the pn•ceadc• at Lender', option. either to restoration or repair of the
Propane ~r t+• the sums ,ecured hx• this ~lortgagc.
Unless Lcndcr and &~rnrwar othcrwi,r agree in ++ritinL. am such applicatu+n of pn>iceds tt• princip;tl ,hall not extend
or postpone the dtrc .late of the nuenthh• installments referred to in paraeraphs 1 and ?hereof or change the amount of
such installments.
10. Borrower Not Released. Extension of the time for pa+•mrnt or modification of amortisation of the ,ums secured
by this ~fortraee granted by Lender to any surcesutr its intrre,t of Borrrn+er ,hall not oper:uc to release. in anv manner.
the Irthility of the original Borm+ver and Borrower', succas,ors in intcrest. Lender shall not he reyuiretl to commence
pn?cerdings against etch successor ar refuse to extend tinta for payntrnt ar tuhen+i,a modify amortisation of the sums
,ecurcd hx• this Mortgage M• reason of am' demand made h+ the t+ricinal Borrower .utd Rorrowcr's cum„ors ut interest.
11. Forbearance by Lender \ot a ~~'aiver. :env frharance by 1 rndcr in axcrrisini am right or remedy hrrenntlcr. or
otherwise atTorded by applicah~c law, shall not tx a waiver of or preclude the exercisa of am• such ri>:ht or remedy.
The prtxurement of imurancc or the payment of taxc, or other liens or chargac h}• I.cnder ,hall not Ike a ~+aivar of I en.lcr's
right to arcalcratc tha maturity of tha indchtrdness ,a_uretl hx thi, Mortgage.
12. Remedies Cumulati~•e. !ill remedies pn.+ided in thi, ~lurtgagc arc distinct and cumulative to anv ++ther right or ,
rcmc.h• under the, Mortg:rga or afiordad by law or eyuit)•.:utd may he axcrrised concurrently. independently rr ,ncce,si+•cly.
13. Successors and Assigns Bound: Joint and Seteral f_iabilih: Captions. -The axeenants and-acrcentents hcrcin
contained shall hind. and the riehts hereunder shall inure to. the rc,pectivc wcce,sors and assigns of I ender ,ntd Bormwcr.
,object to the pravi,ions rf paragraph 17 hereof. AI! cuvrnantc and atireaments of Borrower shall ha i++int and ,cveral.
The caption, and hradims, of the paragr.rphs of this ~lortgagr art for convenicnir onh• and arc not to hr used to
interpret. or define the pn.vicitms hereof.
IJ. \Mice. Except for anv notice required under applicable I:o+ to t?e eicrn in another manner. (aJ any notice t~
Borrower provided for in this \lortgage shall he given by mailing wch notice hs certified mail :eddres,rd to Borrower at
the Pr.~party :~ddrc„ or at such other adders, as B++rr~+++er may de,i>'n.tn• ht notice to I cndcr :?s provided hcrcin. and
thl :utx noUrr to Lender ,hall he eiven M' rertifiad mail. return reca~}~t reyue,led, to I cndcr', ad.lress stated hcrcin or to
wch ++thrr adders, as Linder ma+ drsi~natr M notice to Brrr++~+ar as provided harein. :env notice pr.++•idad for in this
~Iortgaga shall hr deemed to have baen givt:n to Borrower ..r I andrr v+han eivan in the manner designated hcrcin.
15. t•niform ~UrrikaKe: Go+ernint' i.aw: Sc.erabilih. •Thi, G+rm of mortca~sc combines uniform rrn•en:um for national
use and non-uniform avvenant, with limiter} variations hx jnri,dtction t+~ constinrte a uniform security instrument covering
real proprrtc. "Thi, ~turtgagc shall ha guvernad hs tha Ltvc of tha iun,~lirtion in .which the. Pm{tert)~ i, located. In the
C r+'rnt that anv provision or ciau,a of ihi, ~lortcagr ++r the \~+te contli:t, with app!iarhle la+v, wch cttntlirt ,hall not aficct
! other pn+vi,ton, of thi, ~tort~_aga ++r the \ote which ran hr ,•wan affect v+ithout the contlictini pmci,ion_ attd to this
~ end the pros t,iun, of the \lortga~a and the \otr art +ieclarrd h+ hr ,evrrahle.
16. Bornrwer's Copy. Borrow+er ,hall hr ftrrni,hrd c.atf.+nnad rope of the Notr an+l of thi, :11urtcage at the time
.+f execution or after recordation betas+f_
3 17. Transfer of the Property,: ascumplion. If :ell rr anv !~.+rt of the Property or an tntrrest tharcin is ,++Id or transfcrrcd
by Boer.+war v+nhorq Landar's pryt.r written con,ant. axcluditii ?at the erc:rtirn of lien or encumbrance satx~r.linate to
thy, ~torteaga. tht the rrcatton of a porch;+,r monex ,ecurity intcrest Lac household appliances. Icl a transfer M• devise.
dr,cent ++r by operrtion o; I:n+ uprn the death ++f i++mt ten:net or t+I? the Brant of :mv kasahold intcrest of thrrr scare or less
net containing .tn option tr purchase. I rndcr maw. ,~t I code?' ++ptu+n. drrLrrr all the wm, sccurrd M this Mortgage to hr
~mntadiatrh due and pa)ahle. I rndcr ,hall h:oa w:uvad ,t,ch ++pu++n to accakratr if. prior to the ,ale or transfer. I.entler
j and the 11enon to .+hom the Property i, t,+ hr ,ol.! ++r tr.?n,trrrrd rra.h :?grrrmrnt in writing that the rre+iit of such lxrson
i, s;?ticfacton to Lender and that the intrn,t p:?~ahla rn the ,nm, ,ecured he thi, ~fon~taec shall Lc at snch rate as Lender
,hall reyue,t. If 1 cndcr ha, vvaoad the opti.+n to accr!er.+tr pn.cided in thi, paragraph 77. and if Borrower, successor in
intare,t ha, executed a written assumption :r_rcemcnt accepted in v+ritinc hx~ 1 cosier. Lender ,hall relca,e Borrow+ar from all
++hliuahon, under this \lortg,+ic and the tiotr.
A If I cndcr excrci,e, wch option to :ncrlartte. 1 tinder .h.+ll mail Bormv+ar nottcc of acceleration in acconlanca with
taragraph 1-t hereof. Snch notice ,h:dl provide a Iveri+al rf n.+t Ice, than 3t1 dav_, from the date the notice is mailed w•ilhin
which Borr++war may pas the sum, decla•a.l dna. If Borrovvrr fail, to paw wch ,nmc pril+r to the expiration of wch pcritxl.
~ I cndcr m:n~. v+ith++ut forth+•r notice or demand ++n K.+r r,+v+er. ntvoke an}' remedies parmitte:! he paragrrph 14 hereof.
tit~~-(•~nottxt (~uvt Bormwcr and l tinder further covenant and agree as follows:
1S. Acceleration: Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
- agreement of Borrower in this Mortgage, including the co+enanK to pay when due am' sums secured by this MortRa~e. Lender
- prior to acceleration shall mail notice to Borrower ac provided in paragraph 14 hereof specifying: (1) the breach: (21 the action
required to cure such breach: (31 a date. not less than 30 days from the dale the notice is mailed to Borrower. by which such
breach must be cured: and (4) that failure to cure such breach on or before the date specified in the notice may result in
~ acceleration of the sums secured b} this 3tortRat;e, foreclosure by judicial proceeding and sale of the Property. 'Ilre notice
- shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding
the non-existence of a default or an}• other defence of Borrower to acceleration and foreclosure. if the breach is not cured on
or before the date specified in the notice, Lender at Lender's option ma}~ declare all of the sums secured by this itortgage to be
c3 immediatel} due and payable without further demand and ma} foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to collect in such proceeding all expenses of foreclosure, including, but not limited to, reasonable attorney's fees.
and costs of documentan• ex~idence. abstracts and title reports.
19. Borrower's Right to Reinstate. tiotwithstanding 1.cndcr', acceleratu+n of the sums secured by this Mortgage.
Borrower shall have the right to have am proceedings hagun by Lender to enforce this Mortgage discontinued at any time
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