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t.~~~ wrin«, .s~~ a•~u~~e ay. Dorrow?u ~Il pay the amouot d a11 n~o~t~e iasora~os pnmium~ ~a e~
maaner provided unde~ para~apli 2 i~e~eot.
Any amounts disbuned by i.ende~ pursuant to thi~ pan~sph 7. ~vith ioterat theroon. ~all becar~e add~tional
i~debtedr~as of gorrowet securod by this Mortsa=e. Unlesa Borrowr,~ aod l.ender aaree to other te~ns ot payaaeat. such
amounts shall be payabk upoe notice trom I.ender to Boi~o~wer roquestina payment theroot. and shsll bear intec~at troo~ tha
date ot dhbur~ement at the rata payabk fmm time to time o~ oubtandin~ princip~l unda* the Note unlas P~7~ne°t
interest at wch ate would be contnry to applicabk law. in which event such amounb ~sll bear interest at the hisheit raee
pamqs~'bk ~u~der applicsbk law. Ndhin~ oonlained in this pansraph 7~halt reqoi~e I.ende~ to iacur anr e~cpeias or tute :
any action beretmder•
I~yeeMo~, Lender may make or cu~x to be made reasonabk entries upon and i~spections of the Propertp. providcd ,
that Lender shall sive Borrowe~ nolice prior to any such inspection apecifpina reasonabk cause iherofor nlated to I.ende~'s
interest in the Property.
9. Co~ie~Noi. The proceeds of any award or claim tor dama~ea, direct or conse4uential. in connection with auy ~
condemnation or dher taking of the Piroperty. or psh thercof, or for oonveyanoe in lieu of coodemnstion, are hereby a~siEned :
and :hall be paid to Lender. • `
in the event of a total talcina of the Property. the proc~eeds sh~l~ be appliod to the sums securod bY this Mort~a~e. ;
rvith the exceu. if any, paid to Bormwer. Tn the event of a panial takina of the Property. unkss Bomow~r i~d La~der
otherwise aaree in wRiting. there ~all be applied to the wms sxured by this Mort~ssaee such Pmportion of the prooeeds !
at is eqwl to that p~oportion which the amount af the :ums socurod by this Mortgage immediately prior to the date ot ;
taking bears to the fai~ market value of the Propehy immediately prior to the date of taking, with tbe balar~e ot the Pt~ocecds >
paid to Horrawer. ~
lf 1he Property is abandoned by Borcowe~. or if, after notice by Lender to Borrower that the~
n~or o~t[ers to malte
an award or settk a claim for damages, Borrower fails to rcspond to Lender within 30 days after the date-such notice is ;
maikd, Lender is authoriud to colket aod apply the proceeds. at I.ender's optan. either to nstoration or repair of tlre :s
Property or to the sums securcd by this Mort~tage. ?
Udas Lender and Horrower otherwise agrce in writing, any such application of proceeds to principal shsll not extend ~
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or post~one the due date of Ihe monthly installments refernd to in pangraphs 1 and 2 hereof or chanae the amount of t
such inctallments. - '
19. ~rower Not Reka~ed. Eztension of the time tor payment or modiflcation of amort'rution of the sums secured ~
by this Mortgage.g~nted by Lender to any xuccecsor in intercst of Borrower shall not opente to rekase. in any manner. •
the liability of the original Borrower and Bc+rrower s successors in interest. . Lender shall not be requircd to commence
proaedings against such successor or reft~oe ta extend time for paytnent or othenivise modify amortization of ~he sums
secured by this Mortgage by reaso~ ot any demand made by the original Borrower and Borrower': successors ~n interest.
11, irorbearawce bp i.eade~ Not s Wai~er. Any fofiearance by Lender in exercising any right or rcmedy hereunder, or
otherwise afforded by applicabk law, shall nc?t be a waiver of or preclude the exercise of any such right or nmedy.
The procurcment of i~ura~ve or the payment of taxes or other liens or charges by Lender shall not be a waiver of I.ender's
right to accelerate the maturity of the indebtedness cecured hy this Mortgage. ~
12. Rewcdies ~xsolMi~e• A1~ remed~es Provided in this Mo~tgage ar+e distinct and cumulative to any other right or ~
rcmedy under this Mortgage or aftorded by law or equi~y, and may be exercixd co~currently, independently or s~~ccessively. ~
']3. S~ccea~ors ~d A~dR~s Eoaed: ,Joi~t aad Serc~al i.hbi~, Cspdoas. 'i1~e covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective aucxessors a~d assi8ns of ~.ender at~d Borrower• ~
subject to the provisioos of paragraph 17 hereof. All rnvenants and sgrcements of Borrower shall be ja~ and several. -
71~e captions and headings of the paragraphs of this Mohgage an for convenience only and are not ta be used to
interpret or define the provisions hererf. - ~ ~
1`. Ndice. Except for any notice rcquired under applicabk law to be given in another manner, (a) any notice to }
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certifled mail addressed to Borrower at ~
the Property Address or at such dher address as Bormwer may designate by notice to T.ender as provided herein, and ~
(b) any notice to Lender shall t+e given by certificd mail. retum receipt requested. to l.ender's addras stated herei~ or to ~
such other address u Lender may designate by nMice to Borrower ss provided herein. Any notice provided for in this
Mortgage shall be deemed to have been iven to Borrower or Lender when given in the nlanner designated herei~. ;
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l5. Ua~oro~ Mort~e: Gorerain~ Law: SeveraWlity. This form of mortgage combines uniform covenants for national
k use and non-uoiform covenants with limited variations by jtirisdiction to constitute a uniform socurity instrument oovering ~
; real property. This Mortgage shall be governed hy the law of the jurisdiction io which the Property is located. in the }
~ event that any provision or clause of thic Mortgage or the Note rnnflicts with applicabk law, such conflict shal) not aRoct ~
other provisions of this Mortgage or ~he Note which can be given effect without the conflicting provicion, and to this
~ end the provision3 of the Mortgage and the Note are Jeclared to be severable. _
~ 16. sorrower's Copy. Borrower shall bc furnished.a conforn?ed rnpy of the Note and of this Mortgage at the time ;
~ of execution or after recordation hereof. ~
17. Tra~sfer of t6e Properfy: Assnmption. if all or any pa~t of the Property or an interost ihercin is sold or transferred
by Borrower without Lender's prior writtcn ronsent. excluding (al the creation of a lien or encumbrance subordinate to ~
this Mortgage. (b) ihe creat~on of a purchace monev security interat for household appliances. (c) a transfer hy devise. _
descent or by operation of law upon the death o( a joint tenant or (d) the g~ant of any leasehold interat of threc years or less
not containing an option to purchase. Lender may. at Lender
s option. declare all the sums securcd by this Mortgage to be ~
immediately due and payable. Lender shall have w••rived uich option to accelerate if, prior to the cale or transfer. Lender
and the person to whom the Property ic to be sc~IJ or tnnsferrcd reach agreement in writing that the credit of such person ~
is satisfactory to Lender and that the inter~~t payable on the sums secured by this Mortgage shall be at such rate a~ Lender >
shall requat. if Lender has waivod the option to accelerate provided in this pangraph 17. and if Borrower's successor in ~
interest has exocuted a written assump[ion agreement ucepted in writing by i.ender. Lender shall releau Borrower from a{I
obligations under this Mortgage and the Note. ~
if Lender e?cereises such option to accelerate, Lenckr shall mail Borrower notice of accekration in accordanc~ v?~i~h
paragnph 14 heroof. Such notice shall provide a period of not las than 30 days from the date the notice is mailed within
which Borrower mty pay ihe sums declared due. lf Borrower fails to pay such sums prior to the expiration of such peric~d.
Lender may, without further notica or demand on Borrower, invoke any remedia permitted by paragraph 18 hereaf.
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~ NoN-UxtFORwt CoveNer?TS. Borrower and Lender further covenant and agree u follows:
~ IS. Accdnatbn: Ren~edia. B:cept as provided ~ p~ra~rapr 17 bereof. ~ Eo~er's 6rescY ot a~y co~eant or
a~reeweN ot Eorrower i~ trk Ma1~e. i~cludielG tre cwsasats to py M?hew dre ~y s~ms seerrti by d~k MorqGa~~. i.eadcr
~ , prbr b sccdentiow shaU mail woHce to dorrower as'ro~Wed h~ 14 bereot srccifpia~: (1) tLe beacA: (2wbich srcli {
~ reqoird b c~re src~ 6reacM: I31 wot las tbaw 30 days frow tre date fre ~otice it ~ to Sorrower. b!'
~ 6rescl~ o~t be esre~ aea (4) trat ta~~re to cere s~c6 6reseM ow or re[ore tbe date s'cciBei i~ the wotice ~asy res~lt L~ ;
accderatbw ot tre sa~ aec~ by tl~k Mo~e, fo~cclosnre b 1~W !~L a~i sde ot tbe Properry. 'Il~e notice ,JI
~ swaM furtber ieEona Eorro~?er of tie ri`M to rci~ate ~tter sccekrMba aad tre ri~t to areet h tbc foreclosrre ~roeaai~ s~
fre aon-e:ieteaee al a defa~dt or aq otber defesse of ~orrower to sccek~ ff~~~°O~ ~
or betore tbe dafe sptcilkd h t~e ~otiee. I.ewder al I.esde~'s optio~ ~eay dechre ar oE tre st~s sca7rred by tl~s LN'1ort~
due ae~ pyabk witboot tuther dem~nd aad msy toreclote tbis Matia~e rl' j~1~~
be e~titl~d to collett iw weM proceedi~i sN espe~es of forecksare. i~tlydiaL+ bd ~ot liw~ihJ to. rtato~abit m~~rneY's fees.
asd eods of doe~~eshr7 ~~Weace+ ab~*~~* a~d 1Nk reports.
19. ~o~m~~s W`Mt ~u Re~tata Nawi~hstanding Lender s acceleration of the sums securcd by this Mongage.
Borrower shall have tf~e right to hsve any proccedings hegun hy 1_ender to enforce this Mortgage discontinued a~ any time
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