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1 rnder'c ttrittrn agreement ur :gtph:ahlr Lot. lionuwrr shall pad the am+=ant of all mortgage imurancr prcmiumc in the
manner pn+videJ under paragraph ? hcrarl.
:\nt~ an+ounts dishnrxd M• 1 ender pur.uant to this paragraph 7. with intcrest thercra+. ch:d1 I+ec+=mc additional
imlehredne„ =+I liorrr+ttrr secured h~• thi, MunL.+gr t'nle„ R?+rn+tter :+n?I 1 ender :+gree t+. other term, ul payment, arch
amramh ,hall fk parable up,+n ntaicr fr.an 1 ender tr• Rorn+t+cr rryur,ting payment there.+f. and ,h:?II I+car inh•red fn+m the
date +•f di,hursement a1 the r+tr paeahle frr=m time h• time an outctandin~ principal under lhr \ot~ unjasi payment of
interest :a arch rate tcould he cuntr;tn• a+ applicable late. in which rt•ent such amrarntc ,hall hear inflr+elt St the highret rate
permissible under applicahk I;off. Nothing contained in this paragraph 7 shall rcquirc 1 coder to incur am• rrpcnce or take
.+m• action hrrcundcr.
8. Inspection. Lender mat• make ur c:ur,e kt I+e m;+de rcaconahlc entries r?p+?n and impectiratc of the Property. pmt•ided
that 1 ender .hall give Burmwrr nuticc prior to any such inspection sprcif)•ing reasonable . cruse thcrefr+r related to Lender's
rnhre,t ut Ihr PRgtrrl>•.
9. Condemnation. The pn+crcd, of :uty ;otard or claim for damages. direct ur con,ryuential, in connection with ant•
condcmnaliun or other taking of the Pmperty, or part Ihercof, ur for conveyance in lira of condenmation. are hrreh~• assigned
and ,h:dl hr paid to Lcndrr.
In the event ofr trnal taking of the Amperty. the pmcrcdx ,hall Ix applied t+• the wmc cecurcd M• this Mortgage.
with the r~cres. if am•. paid to Borrower. an the event of a partial taking of the Proprrtt•. unless Rorrattrr and i.cndcr
otfierwi,e agree in writinti•. there ,hall he applied t+• fhr wmc secured by thi, Mortgage such prapr+rtion of the proceeds
as is ryual to that pn•p++rtion which the amount of the some ,c;urrd he this ~turtgazr immediately prior a+ the date of
taking hears to the fair market valor of the Proprm• immcdiatrh- prior to the rl;dc of taking. with the hal:mce of the procrc+ls
paid ro Bormwer.
If the 1'ropert~• is ahandonerl M• Borrower. or if. after notice ht• 1 ender to Burrr+wrr that the condemnor otters to make
an :=N:ud nr ,ettlr a claim for damage,. Born.wer fail, to re,p?+nd to 1 ender within Z(1 dal, after the date ,uch notice is
mailed. I-er>'der is authori~rd to collect and apply the proceeds. at Lcndcr', option. either to rcctoration or~ repair of the
Pmlren~ or to the sum, secur~Yl by this \iortgagc.
Unlrs, 1-ender and Borrower othcnvisr agree in writint==. am such applicati+=n of pn+crrdc to principal ,hall not cttend
or ix+,tpone the due date of the monthly installments referred to in paragraph, 1 and hereof ur change the amonnl of
arch inctallmentc.
10. Borrower ~Iot Released. 1=~tension of the time fur patment or modification of amortisation of the sums secured
M• thn !1t++rteage granted hr 1 ender tr+ am• cucreccor in intrre.t ++f Bormwer ,hall not oprrrte to retrace. in am• m:mncr.
the liability of the original Borrower and Borrower's succe„~+r:•m interest. Linder shall nut I><; rcyuircd to rnmmener
pr++credingc against .uch wcccscor or refuse to c~trnd time fur payment ar othcnti,r modify amortiiati=+n of !hr sums
cecurcd by this Mortgage by rcasr+n of :uty demand made ht the orieinal Rormwrr and &+rrowrr's a?cce„or, in interest.
I1. Forbearance by Lender \ot a Waiter. Am forl+e;rranr•e he I ender in r~crcising am• right ~+r rcmcdt• hereunder. or
=+thrrwise ;dfordc+l hr applicable lave, shall nut he a w•aieer of ur preclude the csrrrisc of am• ,uch rieht or remedy.
The procurement of insurance or the payment u( rate. r+r other liens ar charges M- I ender ,hall not Ix wait•rr ++f I endcr'c
riche to accelcr.+tr the manrrity of the indchtcrlne„ ,eared ht Ihi, Morteagr.
12. Remedies Cumulali~e. All remedies pr.+tided in thi, \lortgagr arc distinct and cumulalire to :un• ether riche or
rcmcdt under thi, Mortgage or alTorded he I:nt or ryuity. and mat Fx rtcrci,e+l concarrentlc. indrprndcntl~ ++r ,ncce,cit-elc.
13. Succe+sors and A+signc Bound; Joint and Seteral Liability: ('aptions. 'The cotenants and agrcentent. herein
cuntauud shall hind. and the richh hereunder ,hall im?re k.. the re,pectivr arses„ors and assign, of I ender and Borrt=wcr.
,abject t.+ the provision. of paragraph 17 hcreaf. All covenant, and agreements of Borruwrr shall hr j+=int and srt•cral.
The caption, and hra+lings of the paracraphs of this ~iurtgage arc fur convenience ante ;+rid arc not ~o he used to
mtrrpret ur define the proti+ionc hero+f-
14. \otice. Except for am• notice rcyuired cruder applicable I:n+ t=+ hr eit•en in another manner. f;u :uty notice to
Born+wer pmtided fur in this Mortgage ch:dl I+r given by mailing such n.+tice h~ certified mail addre„rd to Borrower at
t.tr Pmpem~ :\rldres, ++r ;+t Bach other addrcs, as &+rrr.veer mat de,rcnate hr en=tice to 1 coder ac provided herein. and
Ih? am notice to I ender ,hall tie gitrn by certifie.l mart. return rererpt requested. t.= 1 ender', address stated herein or to
such +=thcr addre,s a, Lender mat designate ht orrice to B++r r+=t+er a, pn.ceded herein. ~~nt m=rice pr=n•ide.l for in Chic
Mortgage shad) fx Jeemed to hate I+ecn given to Borrrwrr or 1 ender then g?crn in the manner Jrsicnatrd herein.
' 15. l'niform Mortgage: Governing Law: Seterabilih. This f==rm of mortga~•r combines uniform ~m•cn:utt, for nations)
use and nrmunif=+rm cotenants with limited variation, M juri,di:ti~+n tr .=v:,titnte a unifornt ,rcuritt• instn.ensue cavcring
real propr:tt. Thi, Mortgage shall t+e gacrnud ht the I:r of the iurisdictu+n r:? which the Proprrtc is I+.cated. In the
event that am' provision ur clause of this ~lortca_=e ==r the ~rtc conllicts with applicable law-. ,uch rnnflict sh:dl not aQect
ether per+ti,iom of this Mortgage or the \ote t?h?ch can F+e siren etTect wi~hrut the amflictinc pn+tision. and to this
end the prrtisium of the \lrrtgacr :uul the \=He arc Declared t.= he uvrrahlr.
16. Borrower's ('op}. Borrower ,hall f+e funushe.l a :=~nf==rnied cope of the \ote and of Ihi, Murtgace at the timC
.=f etecution or after recordation hereof.
17. Transfer of the Pnrpert}; :~swmptian. If all ==r :+m p.?rt of the Property ur an mtcrest therein i, ,=+Id or transferred
ht• &xrawer wrthrut 1 tinder's prier written consent. rtcluding +ar the creation of a lien or encunthrance saM.rdmate to
this ~lortgagr. thl the creation rf a purchase nuaret securitt interc,t f?=r hrucrho!d appliances, tc1 a tramfrr M• devise.
Jc,cent or M• operatu~n of law up+=n Ihr death ~=t r r.=nn tenant or rd• the grant of arts leasehold intcrest of three t•e:+rs or less
not containinc an option to purchase. 1 ender mat- .rt !ender". opurn: drel:+rc all the sums ucurrd M• this ~lortgagc to he
unmr+lruely due and payable. 1 ender ,hall hate t+;utrd .uch option Ir accelcr.+te if. prior to the sale or transfer.-I.cnder
and the person to whom the Prrl?erty is tr F+e ,01=1 or tr;insferred reach agreement in venting that the crr.lit of such pcnun
rs r.+tisfacton to i ender and that the interest payable on the sum, secured ht• this Mortcagc shall he at such rate as Lender t
,hall reyuc,t. If 1 ender ha, w•aitrd the option to accelerate pmt•idrd in this paragraph 17. and if ~Bormwcr s successor in
interest ha, rtecutcd a wrinrn asarmption agreement accepted in writing M• I ender. I.rndcr shall release Borrower from all
rhligationc under this Mortgacr and thr'`utc.
If 1 ender rtercisec such option to accrlrr.?tr. 1 ender sh;dl mail Bormwer nuticc of acceleration in accordance with
paragraph 1~3 hereof. Such nuticc ,hall provide a period =~f not Iec, than iO Jac, from the date the notice is mailed within ,
which &~rrrwer ntat~ pat the sums decL?re.l doe. It Brrro+.rr taih rr pa} such sums prior to the expiration of such period.
Lender mat-, without further notice or rkmand on lirrr++:+er. rnt~rke am remedies permipcd M• paragraph IR hereof.
Nom-U~:trot?st COVENI~TS. Borrower and 1 ender further cotenant and agree as follows:
18. Acceleration: Remedies. Except as provided in paragraph 17 hereof. upon Borrower's breach of any cotenant or
~ agreement of Borrower in this Mortgage, including the cotenants to pad when due any sums secured 6y this Mortgage, Lender
r prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach: 12? the action
F required to cure such breach; (31 a date. not less than 30 days from the date the notice is mailed to Borrower. by which such
~ breach must be cored: and 14) that failure to cure such breach on or before the date specified in the notice may result in
accekratan of the sums secured by Ibis ~forlgage. foreclosure 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
the non-existence of a defauh or any other defense of Borrower to acceleration and foreclosure. if the breach is not eared on
or before the date specified in the notice. Lender at Lender's option ma}• declare aB of the sums secured by this Mortgage to fie
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, reasonable attorney's fees.
and costs of documentary evidence. abstracts and title reports.
I9. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration ut the sums cecurcd by this Mortgage.
Borrower shall have the right to have any proceedings T+egun by Lender to enforce this Mortgage discontinued at any time
~~39 P~1442
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