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I.enJer',,,ritten agrecn,cnt r?r apphc:rhlr• I:+w. Barn+wrr shall pa}' the amount of all Jtt~rt~rge in,ttat~~ prl~niums in the
m;utner rt.+yidrd under par,tgtaph ?hcrcof.
Am' ant,+unts Ji.hursetl ht• Cruder pur,uant to this p;uecrrph with inured thereon. ,hall heconte aJJitirntal
in.lrhtrdne,s .+f tturn?wrr cecurrJ by th„ \lortza_r. l'nle„ Burr.+++er :uul 1 en+ler agrrr to other term, of payment. cuch
amounts ,hall he p,t~~ahle upon nuuw from (ender to Born+wer re.lue,ting p.,yntrnt thrrr++f. amt ,hall Ixar intrre,t fmm the
date of .lishurcemcnt at the rat. payable fn+m time to time on outstanding principal under the Notc unlec, payment of
interest at such rate w•uutd he conlrarx• to applicable Ia,v. in ,shish event cuch amounts ,hall hear interest at the highest rate
prrmiscihle unJcr applicable law. Nothing contained in this paragraph 7 shall require Lender to incur am• expense or take
any action hereunder.
8. Inspection. LenJer may make or cause to t+c made rcaatnahlr entrie, upon and in,prctionc of the Property. provided
that LenJer shall iye Borrower notice riot to anx• such in, ><.etion ,
ti p 1 • pacifying reasonable :dose therefor related to Lender's
interc,t in the Properh•.
9. Cpndemnation. The pnxeedc of any award or claim for damages. direct or rnn,cquential. in connection with am•
conJrnrtation or other taking of the Property, or part thera~f, ur for conveyance in lieu of condemnation, arc hereM• designed
and shall Ix: paid to 1_cndcr.
in the event of a total takine of the Pmt: ty. the proceeds shall he applied to the dune secured M• this Mortgage.
with the excess, if any. p:rd to Bot~vtv~T~ yin 111e event of a partial takine r+f the Pmpertc, unlc,c Born+wer and i.cnder
otherwise agree in writing. them ,hall he applieJ to the come a-r„rrd by rh~c Mortgage ,wch pmptxlion of the proceeds
as is equal to that pmponion which the amount of the sum, ,cured M• this Mortgage immediateh• prior to the date of
taking bears to the fair market value of the Property immediately prior to the riatr tai,ir~~. with the haL•rnce of the proceeds
paid to Borrower. s
1f the Property is abandoned by Borrower, or if. after notice by Lender to Bornn,•er that the condemnor offers to make j
an award ar s~ttle a claim for J;un:rgr,. Borrower fail, tr: rrsp,+:rd to 1 enter within ~(1 Jays after the Jate such notice is j
mailed.'Lender is authorized to collect and apply the proceeds. at Lender', option. either to rccroration or repair of the
Property or to the some ,ecured h, this Mortgage.
Unless I.cnJer and Borrower otherwise agree in writing. any such appli:atirn of prc>leeds to principal ,hall not extend '
or ix+stponc the due date of the monthh• installments reterrrd to ±n paragraphs 1 and 2 hcrcof or change the amount of
cuch mstallments.
lo. Borrower'.~ot Released. 1?xtencian of the time for payment or modification of amortization of the wmc secured
by thi, !llcvrtraec erantcil by I cndrr to an_y cuccc,u+r in intend of Borrower ,hall not operate to release. in any manner.
the liability of the original Barm+rer and Born.wer'c successors in interest. Lender ,hall not he tryuired U+ commence
pruce~dingc again,t such cucee,cor or refuse ti. exrenJ tints for pa>•ment or otherwise modify amortization of the sums
,ecured by this Mortgage by reason of any demand mach i+~ the original Borrower :rnJ Borrowers cuccesors in interest.
11. Forbearance by Lender !dot a Waiver. ~\m forlx ar doer he 1 ruder in exercising :rm• right or remedy hercundrr. or
~I otherwise atTorJeJ by applicably taw. shall not Le a waiver of .+r preclude the exercise of am' ,urh right or remade. j
Thr procurcmcnt cf ineurance or the payment of taxes or other lien, or sharers by Lcndrr ,hall not he a w:ris•er rf Lender's
right tr• acrckntr the maturih• of the inJrhlednes ,r_ure.l M' thi, \lortgagr- j
12. Remedies Cumulative: !111 reme.liec pmxided in this \lorteage arc distinct and cumulative to out ++ther right or
remedy outer thi: Mangagr or atforJed hx• law or equih•.:rnJ mac he exerci,rJ concurrcnth•. inJepcndenlly or succrs,ix•rh•.
13. Successors and A~cigns Boond: Joint and Several Liabilih•: Captions. The rnvenantc and agrrentent, herein
:ontainrJ shall hinJ..utd the ris;hts herrurdrr ,hall inure to, the re,pectivr succrsa+r, ant as,ignc of Lcndrr .end Rarrowcr.
,uhjeet to the pr.n•i,ion, of paragraph 17 hereof. All coxrnant, an.l agrcrmrnt, of Borrower shall t?r joint and ,cvcral. -
The .caption, :uul heading, of the p:uagraph, of thi, \furt>r:rge arc for ronvemence ..nh• ant arc not to 1?e useJ to
:ntrrprrt ar define the provision, hcrcof. -
14. \Mice. Except for am notice reyuircJ under appiicahlr la„ to h~ given in an,nher manner. (al any notice to
Borrower provide) for ,n thi, ~1r+rtgage shall he eivrn by maiiine ,u;h nutirr by cer:ifirt! mail :rJdre„rd try Borrower at t
the Pmt+rrtx• Addre,s or at such other addre„ as Born+wer m:„ de,ign:nr hs u+~ticr to 1 ender ac pn+yidrJ herein. :rod i
Ohl ;ins Holier to 1 ender ,hall h,• ~~iven by certifirJ mail. rcurrn receiM rcuurste.t. a+ I ender'. addre„ stated herein or to
,wch other address a, 1 enter may deci¢nate hx notice ro Borruwrr ac provided herein •1nv notice pr.n•ided fur in this 3
Mortgage shall tic JremrJ to have txxen gi.en to Born+wrr or t rnJrr whin ei.en in the manner de,ign:~teJ herein.
15. Lnifurm ~lorti!ake: Governing LaN: Sescrabilih. -I~hi, h•rm of mort>•;rce comh'vrrs uniform ,o,•enant, for national
use an+f nun-unifrrn::v~,rn urh with lintitr.l sariatium h~ ~nn,d!cl:a+n to ion,tinrte a unifornt srcnrity indnnnent covering
real property. This ~lorteagr sh,dl he a++,rntrJ h, the law of the iuri,dictiurt in which the Property is IocatrJ. In the
event that am• proviiion or clau,r of thi, \lurta!age or the \,•te conlli:t, "ith apt+lirrhle las+, such conflict ,hall not affect •
other pn++r,iun, of thi, Mortgage or the lots ~,hiih c:,n hr ~_i,rn rfle.! wi!hont the conflicting pm,•ision. and to this
:rid the pro,rciun, of the \tortcacr :uuf the \otr err Je~l:,red to t+e ,eyerahlr.
16. Bormccers Copy. Born+wrr ,hall hr furn„hed contormrd cot+~ of the \ote :,rid of thi, ~tortiagr al the time
.~t execution c+r after rrcurJation hcrcof.
17. Transfer of the Pmpertc: A~curnption. if all .+r :,nv p.,rt of the Pr»prrty or an interest therein i, „+ld or transferred
M' Born+wrr without LenJer', prior wriltrn con,ent. ex:ludinc !ar the crrati.~n of a !ien or cncnmhrancr urhordinate to
i thi, ~lortgagr. fhl the creation of a purchase ntone+ sccurit, intere,t for householJ appli.rncr,. Icl a transfer M• devise.
~ Jeseent or by operation of Ln+ upon the death ,+f i~~:r!t tenant or (.ir the grant of any leasehold interest of three yrarc or less •
n,+t containing an option to purchase. I entry m;n . ar I cnder'~ .+pti,+n. declare alt the wms ,ecured by this Mortgage to F?e -
:mme.liatrl~• due and payable. 1 ender ,hall base ~~:u.ed ,r.h opium n+ a:celerate if. prior tc. the ,ale or transfer. LenJer
:,nJ the person ?o whom the Pn+perty i, to hr ,.+I,1 or tr.:n,frrred reach agreement in writing that the credit of wch person
i, sati,factrn- to Lcndrr and that the imerc,t pa)ahle ~+n the sums ,ecured he this '.Mortgage shall be at such rate ac 1_ender
shall request. if Lender has waived the upti,+rr to acceler.,tr pn+virtrJ in thi, paragraph 17. ant if Borrower's successor in
j interest ha, execuietl a written asurmption agreement accepted in writing by Lender. Lender shall release Borrower from all
s obligations under this ~lartgage and the Note.
If I.endcr exercises such option to accekrue. I enter .hall mail Borrower Halite rf acceleration in acrnrdancr with
paragraph I-t hereof. Such notice ,hall provide a prro.l .•f not ks, than ill da}•c from the date the notice is mailed within
:,Filch Borrower may p:ry the wm, JecLrre.l J::~ It Burn+++rr fails to pay ,wch sum, prior to the expiration of ,wch period.
Lcndrr may. without further notice or demand on Borrower. rn,oke am remedies prrmrtted M• paragraph IR hereof.
Nox-L'\IFOR~t Crn•rti.+~TS. Borrower and Lender further rnvenant and agree as follows:
18. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, includin{; the covenants to pay when due any sums secured by this ;1lortgage, bender
prior to acceleration shall mail notice to Borrower ac provided in paragraph 14 hereof specifying: (1) the breach; (2) the aMion
required to cure such breach: (3) a date, not lase than 30 da}s from the dale the notice it mailed to Borrower. by which such
breach must be cured: and (41 that failure to cure such breach on or before the date specified in the notice may result in "
acceleration of the sums secured by this Mortgage. foreclosure by judicial proceeding and sale of the Property. 7Le 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 any other defense of Borrower to acceleration and forecbsure. 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 Mortgage to be
immediately due and pa}able 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. reasonable attorney's fees.
and costs of documentary evidence, abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding 1_ender'c acceleradon of the sums ,ecured by this Mortgage.
Borrower shall have the tight to have an}~ proceedings begun by Lender to enforce this Mortgage discontinued at any time
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