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I rnder's wntten agreement or apish;ahk law. B.+rr++wer .hall pa) rhr ant.nntt of all mt+ngagr in,ur.utce premiums to the
manner pr.+y,ded under paragraph hereof.
r\ity ant.arnt, di,hur,r.l by I ender pur,u:utt to this paragraph stub utterrct the«on, shall he:onte additional
indrhtrdne., of Born+wer ,ecu«d by thrs ~torteagr l'nle,c Rorru+srr an.l 1 emler ac«e to other terms of payment. such
amuunh ,hall hr payahlr upon notice front I ender m Borrower «yur,ting payment thorn.+f. and ,hall Friar intereN fmm the
.L,te of di,hurcement at the cast pa.:,hlr from Iimr to time rn ouKtandinR principal under the Note unless payment of
sure«ct at such talc would t+e contrary to applicable I:rw, in which event such amounts .hall hear interest at rhr highest rate
permiscihlr undrr applicable law. Nothing contained in this p:uagraph ?shall require I.endcr to incur any eypence or take
li .uty action hc«undcr.
B. Inspection. Lender may make or cau,e to Ix~ made reasonable entries upon and impectionc of the Pn+perty. pmvidr,l
that 1 ender shall give Born+wer nosier prior to am• s{rch inspection specifying «asonahle cause the«for rel:rtcd to l.ender'c
~ rntrrect in the Property.
9. Condemnation. The pmct:edt;bf am"aw:?rd or Maim for damaee., direct or r~tnccyucntial. in ronneilion With an)•
condemnation or other taking of the Pmpert~. or part the«:•f. or for cunvev_ ante in lieu of condemnation.:ue hereM• acsignrd
~ and ,hall he paid to i.cnder.
In rhr event of a total taking of the Pmpeny. the praceedc shall F+c applied to the .rms. crcn«d by this 'ktongage.
with the eycecc. if any, paid to Born+w•rr. in the event of a partial taking of the Pmpcrt~~. unless Borrower and 1_rnder
otherwise ag«r in ..riNng. the« shall ttr applied tc. rhr sums secu«d by this Mortgage ,uch prop,+rtion of the proceeds
ac is equal to that prnp..nion which the amount of the gums cecu«d by this ~longa~e immrdiatrh pri.?r n. the date of
taking hears to the fair market valor of the Property immedi:rteh• prior to the date of taking. with the balance ~+f the proceeds
paid n+ Borrower. •
If the Property is abandoned by Rormacr. or if. after nosier by 1 ender to &+rrower that the condemnor offers to make
an awarl or settle a claim for damaiec. Born+wer fail, to «,?x+nd to I .ender within 3(? days after the date such notice is
mailed. i.ender is authori~rd to collect and apply the prod-cdc. at l.cndcr's option. either to restoration ar «pair of the
Property or to the sum, sccu«d by this :kortgage. _
Unlecc 1 cndcr and BOrrowt'f othenyise agrcr in wrilinti. any such application of procerdc to principal .hall not c~trnd
or po,tpone the due date of the monthh~ installment. «fer«d to in par.?Craphs 1 and he«uf or ch:ut~e the amount of
,uch indallntcnK.
10. Borrower Vot Released. F~tencion of the time for payment or modification of amortisation e•f the •ums secured
M• thi, hlort,•age granted by I ender to any_ cuccescur in intrrr,t of Rormwrr shall not operate tr. «Ieace. in am' manner.
the liability of rhr original &tnower and Borrower's yuccec,ors in interest. Lender shall not he rcqui«d to commence
pr,+ceedin~c again,t .uch successor or reface to eyten.l time for payment or otherw-ice modih• amortisation of the sums
,r:u«d by this Mongage by «as,+n of am• demand mad. ht rhr oriLinal Rorn+wer anJ Borrowers a?cce„ors in intrrect.
11. Forbearance by Tender \ot a N'aiyer. a,ny forhearan:e by I ender in ryercising any right .•r rcmvdy hr« under. br
•+therwi,e atTurded M applirthle law•, shall not F+e a waiver of or p«clude rhr e~rr.:icr of am• ,uch right or remedc.
T'he pnxuremcnt of insurance or the payment of save, ar other lien or charges M• Lcndcr .hall not Ftr a waiver rf I cnder'c
right n• accrlrratr the maturity of the indehtrdnrss se:urrd by this !1longagr.
12. Remedies Cumulaliye. All remedies pmyidrd m this Mortgage a« distinct and cunndatice to am other right or
«me.ly undrr this \1ortLage or a(Torded Ly law or equity. and may t+e eycrcicrd c+tncur«nth•. independcnth or ;u:rr„ively.
13. Successors and Assigns Bound; Joint and Several Liabilitc: ('aptionc. The covenants and agreements herein
:ontaine.l shall hind. and the rights he«under .hall inu« to. the «sl+ectiye wccessorc and assigns of Lender :ntd Borrower.
,object to the pre+.isions of paragraph 17 he«of. :III ruyen;utn and agrcemenis of Rorntwer shall I?e 1++int and several.
The caption, and headings of rhr paragraphs of this Mortgage art for convenicn:e only area arc not to F+e need to
ntterp«t or define rhr provisions herc.+f. -
Id. \olicr. Eycrpt for any notice required under applirrh?e Ln, :o hr grven in another manner. fat any notice to
Borrower pmyrdcd for in this Mortgage shall t+e given he retailing w:h maim by :ertificd mail addres,ed to Rrrrower at
rhr Property .-~.W«„ or at ,uch other addre,s ac Rorr,n.rr Wray dcsicn.,tr ht notirc rt~ 1 ender ac pre+vi.h.l herein. and
rhr am notice to I cndcr shall F.e given by certif?ed mail. «u,rn «reipt rryuestrd. u+ 1 cndcr'. address stared herein or to
,uch .+ther address as I.endcr ma. designate h~ notice to Rom+wer as pro,idr.F hr«iu Any notice provide.) f.x in this
fit.+rtgage ;hall F+r domed to hays horn given to Borrower or 1 cndcr when eisrn in rhr manner designated hcrrin.
15. 1•niform ylortKaKe: Goyernin{: i.aw; Seyerability. T hrs t.+rm of mong:+gc combines uniform royen:ntts for natu~nal
;ae and non-uniform co,cn:uus with limited variation, M jurisdr:ti.+n t,• con,titutc a uniform sc:urity instrument rnccring
«al property. "fh„ \longage shall tie gu+ernrd by rhr law of rhr juri,dr:uon in .shish Ihr Pmprrty' i. located. In the
event th:.t :ury proyr.ion or clause o! thi, ~toneage or rhr \ote :ontlirt, with applicable law. ,uch contlict hall not a(frct
••thrr pre+.,,iom of rhr, !~tortgagc or rhr \ote ,shish can hr ~~i.cr~ etTe:t wi!hotA rhr contli:ting pmcision. and to this
end rhr pre+,isirm of rhr Mortgage ;end rhr \ote art .ircla«d h• hr ,rverahlr.
16. Borrower'. ('opy. Born+t.cr sh:,ll he furni,hed conf.•rnted i.+p. .+f Ihr Notr .,n.l of thi, ~torlLage at rhr time
~•f eyecution or after «~ordation he«,+f.
17. Transfer of the Property::lcuuuption. If all or ;utt ~.ut of rhr Pr.+prrty or an interest therein i; sold rr transferred
t,v Borr+wer wuhout Lender's prior syritten .onsent. r.:luding tar rhr :«ation of alien or encnmhran:e urhonlinate to
thy. ~1.+n,,a_e. tht the creation of a p~:r.ha.r ntone+ .r:urit. ~nh«;t for h+arsehrld applian:es. tct a tramfer by devise.
des:rnt or by olter.,tion of law upon Ihr de:,th .+t i,ant tenant .•r r,lr rhr grant of :ut. leacehoid interest of thrrr years or Irsc
+ua :ontaining :,n option to purchase. I cndcr nt:,y. at 1 endrr'~ ol•w+n. declare all rhr sum, secu«d M• this \lortgagr to he
unntedi:,teh due ;uu1 payahlr. I.rndrr shall have w.uted ,rr.h option h• acrrleratr if. prior to rhr ,alt or tramfcr. Lrn.lcr
,nJ rhr peruat U• whom Ihr Property i, to F+e ,.+hl .+r tr.,mterreJ trash aererment i?t wntini that the .redit of .uch pennon
,aticfa:n+r. to 1 ender :,red that rhr interest pay.thlr on rhr ,ant. secured by this Mortgage ,hall F+e :?t cosh rate as 1 ender
shall rr.luest. if l cndcr has waived rhr rpti.•n to a:irtrr.rtr pre+cided in this p:,ta_raph 17. and if R.+rrower's wccessor in
interest ha, ryecutrd wrinrn assumption ag«entent a:repted in writing he I en.ler. I cndcr ,hall release Rorn»yer from all
ohlrgaNons undrr this Mortgage and rhr Notr.
If I cndcr cyerci,es sash ++ption to a:celeratr. 1 ender sh,ll mail Borrower Halite of acceleration in a:conlance with
I+.uacraph IJ hereof ~n:h notice sh.rll pros•rde a period ~•f n••! less than i(1 days from rhr daft rhr notirc is mailed within t
•.,hi~h Borrower m:t. rhr sums decL,reJ due. If Borro•srr !:,its to ~ ;
I pay rush sum, prier to rhr cypirauon of such j+erird, t
I cndcr m.,e..arth••ut t~rrthrr notirc or demand on Borrower u,soke any remedies permitted he paragraph IR hereof. r
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\o~-! ~ttoRyt (.,ct~~s:t; Borrower and I cndcr hrrther crncnant and deter as follows:
1R. Acceleration; Remedies. Fxcept ac presided in paragraph 17 hereof. upon Borrowers breach of any corienant or
aKreement of Borrower in this Mortgage. including the rn.enants to pas when due any- sums secured by this'.1lortgage. Tender
prior to acceleration shall mail notice to Borrower as pros~ided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure such breach; (3) a date, not less than 30 days from the dale the notice is mailed to Borrower. by which such
breach must be cured: and (41. that failure to cure sash breach on or before the date specified in the notice rosy result in
acceleration of the sums secured by this Mortgage, foreclmure by judicial proceeding and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding f
the non-existence of a default or any other defence of Borrower to acceleration and foreclosure. If the breach is not cured on '
or before the dale specified in the notice. Lender at Lender's option may declare all of the cams secured b}• this Mortgage to be
immediately- due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to collect in such proceeding all expenses of foreclosure, including. but not limited to. ressonabk attorney's fees.
and costs of documentary er;idence. abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithclanding Lender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right m have anc pntcerdings F•ecun by Lcndcr to enforce this Mortgage discontinued at any time
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