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ender'. ssritten agreement or :?ppfi~ahlc law. it.?rnrwrr shall p:q Ihr amount of all mortgage' inwt;.rttcr prcAtiBtgs in the
rnanncr pr.+vick.l under paragraph hereof. }
:\nv amounts di.hursrd M• I rn.irr pur.u:uu a+ this paragraph 7, wnh interest thereon. shall hrcomr additional i
indrhrrdnrss .+f li.+rrowrr secured hr this \1unLaLr t'nlrs. Borr+?++rr and 1 rmhr aerer U~ athcr term. t+f payment..uch ~
ann+unh shall F?r pavahle ula+n ntaicr fr.+m 1 rndrr a+ B++rrower rryuestinL payment there.+I. and .h:dl I*rar imrrect fn•m the 1
date of +li.hunrmrnt :q the rde pas•ahlr from time to time ++n autctanding princip;d under the \ote unless payment of
inhreu at such rttr svoul+l l+e c+attrtrv U, applicahlc la+v. in ++hich event such amaunts shall hear imerect at the highest rate
prrmiscihle under applicahlc la+v. ?~++thing contained in this paragraph 7 shall require 1 ender to incur any cslxnce ar take
:ut1• action hereunder.
8. Inspection. I ender may make ar muse to I+e made reasanahlr rntrie. upon and irnprctions of the Pn•prrty. provided
that I ender shall give Burrower naticr prior tt• am• such irnprction specifying reasanahle caner thrmf++r related to 1 ender'.
rntrrect in the Property.
9. Condemnation. The pr++crcds of any a+vard or claim far damages, dircca or c.+nseyuential. in conncctian with any i
cundenutatiun or other taking at the Property..+r part thereof. or fur a+nvey:incc in lieu of condemnation. arr hcrcM• assigned ~
and ,hall hr paid to [.ender.
In the ecrnt of a total taking of the i'ropcrty, the pn.cerdc shall Ix applied to the sums secured M• this ~~l+rtgage. 1
with Ihr r~cecs, if am•. paid to Rorr.+wrr. In the even) ++f a partial taking of the Pmpcrts•. unless Borrawrr and Lender
othrrwi.e agn^e in writing. them shall Ft+: applied to the sums secure.[ by this 1lortgaLe such prulx+rtion of Ihr praceedc
as is equal to that proportion which the amount of the snots sr:ured by this \tortgaer immediateh• prior to Ihr. date of .
taking bran to the fair market valor of the Property immediately prior to the .late of takinL. with the halancc of the pracccds
paid to Barrow•cr.
if the Properh• is ahandc•ned by &+rmwrr. or if. after notice hs• 1 ender tr+ &+rrow•er that the condemnor aRerc to make
:m award or settle a claim fete damages, Borrower fail. to rrslxaul to 1 ender within it1 das•. after the daft such notice is
mailed. Lender is authari~rd to collect and apph• the pncecds, at 1 ender'. option. either tr. restaration or repair of the
Praprny ar to the sums srronYl by this ~lartgagc.
Unless 1_endrr and Borrower othen+•i.c agree in ++ritin~. ;env >u~h appli:atir+n of pmcecck t++ princip:d shall not estcnd
or ~xntponc the den .late of the monthh• installment, referred k? in paragraphs I and hcrcof ar ch:utcc the amount of
wch inclaRmentc.
10. Borrower Not Relesud. 1?~tcncion of the lion for payment or modific:nion of amortisation of the wore secured
M• this ~iorteage granted M• I rndrr b: am• successor in intrre.t of Borrower shall not operate to mleax. in any manner.
thc_ liability .+f the original Borrower and Borrow•rr's aiccrse+r. in interest. Linder shall not he reynired to commence
pn+cre?ling. against such wccesor ~or refuse to c~tend time for payment or alhcn+i,e mrxlih• amortitalion of the sums
secured h~• this Mortgage by reason of any demand made h+' the original Burn+++•er :rod H++rrowrr c cu~cesur. in interest.
11. Forbearance by Lender Npt a Waiver. Ans forl+raran:e hs_1 rndrr in escrisinL any rich or remedy hrrrnndcr. or
otherwise afiurdcd M• applicahlc law. shall not tx a w•aivrr of or preclude the csercisc of ;m+' wch right or remedy.
Thr prcx:urement of insurance or the payment of fasts or other liens .a charges M• I.rnder shall not Ix a waiver of Lender's
right to acreleratr the mantrih• of the indchhdnrs searmd by this ~lortgagc. t
12. Remedies Cumulative. All remedies provided in this \lortgage arr distinct and cumulative th any .ahcr right or ,
remr.h• under thi. MortgaLr ur afforded by lave or equity. and mac hr rserriud concurrently. indepentlentlc or .u::essivcly
13. Succeswn and Atcignc Bonnet: Joint and Seseral Liability: ('aptions. Thr a»•rnants and agreenuMs herein
contained ch:dl hind. and Ihr riLhts hrrrnndcr shall inure to. the re.h.:ctivr succesors and assigns of I.endcr :utd Rormwer.
whjcct t+. the provisions of I+aragraph 17 hcrcof. :111 covenants :ut+l aLrermrnh e.f Born+wcr shall txr i++int and several.
Thr captions and headinLs of the paragraphs of Ihic ~IortgaLe arr for convcnicnce onh• ana arr not to I+r used to
interpret or define the provisions hereof.
iJ. \otice. Except for am• notice required under applicahlc law to hr Liven in another manner. (al :utv notice to
Borrower provided for in this Mortgage sh;dl F?e Liven he mailing w.~Ft n.+UCe h+ certifier[ mail .rddressed to 13orrov+er at
j the Prolxm- Adders ar at such other address as Borrower m::v design:rtr by nori.e t.+ 1 rndrr ac provided herein. and
Ih) am~ notice to I.endcr shall F.r Liven by certified mail, return recey+t reyue~tr.l. to I ender'. address gated hrrrin nr to
such other address as 1 rndrr may designate by Holier to 13orn+++rr as pr.+vidrd hrrrin. :env nutirc •pr.+vidrd for in this
` fit.+rtgagr shall hr deemed to have been Liven to Borrower or I rndrr whin Lnrn in the mantxr de.ignated herein.
~ I5. t'nifnrm ~1ortK:ike: Governing LaN: Seserabilih. This f,+rnt ui mr+agagr ~~+mhinec uniform covenants for national
use and nrn-uniform covenants with limited variation. Lv ~nrys~li.ti++n to constitute a uniGxm sriurity instrument cmcring
real property. This ~tortL:rLc shall hr Lovenxd by the Ln+ rf the iuri..liction m which Ihr Property is located. In the
f event that one provision or clarrsr of this ~lurlL:rgr ~+r the \,~tr iontli:ts with appli~ahlr law. such ~onllict shall not afirct
k! ~+thrr provisiom of this !llartgaLr or the ~otr wh«h :an 1.r ~rsrn rtTr.t wi~hout the conflictinL provision. and to this
end the pn+visi+nts of the ~fortgaec and the \ote arc ,lecl:rred t.. 1+r srcrrahlr.
16. Borrower's ('opy. Born+wer shall I+e funtishrd a cont.+nttcd iopv of the \aM :rod of this ~k+rtg:+ge at the time
ul r~ecution or after recordation hcrcof. s
17. Transfer of the Propert}; Acsnmption. If :dl +~r :urv part of the I'r~+pcrt)• or an interest therein is s,+ld ar transferred
by Barn+arr without Lenders prior wriurn consent. rscludinL ra? the creation of a lien or rncrrmhrancc wM~rdinatc to
this Mortgage. Ihl the creation of a purchase nt.+nev security uttrrrst for household appliances. tcl a transfer by devise.
descent or M' operation of law ulx+n the death rt ,r i,+nrt ten;ntt or rd. the Leant of am leasehold interest of three years or less
not containinL an option t++ purchase. (rndrr may. ,rt I ender'. +~pt~on. dccl:oe all the sums secured by this 1lortgagc to hr
~mmediatrls• due and pa)'ahlr. 1 rndrr shall have w:uved snch rptiun tr accrlrrrtr if. prior tc. the sale or transfer. I.cnder
and the person to w~?om the Property is to hr sold or tramlerred reach, ;rrrrmrnt in writing that the :rrdit of wch person
is satisfacturc to Lender and that the intcrrst payable on the sums secured he this 'k1orlLa¢e shall he at each rate ac Lender
shall request. If I rndrr has waived the option to accrlrretr provided in this par.?Lraph 17, and if Bc.rmwer's wcerssor in
intcrrst has executed a written assumption agreement accepted in writing M• I ender. Lender shall release Burrower from all
ohligatir•n. under this ~iortg:+LC and the tirtc.
If 1 rndrr exercises such option to accrlrrate. 1 rndrr .halt trail Borrower nutirc of acceleration in accordance with
paragraph, l ~i Ftrrec.f. Such notice shall per?vidr a period ++f not less than 3(1 days from the date the notice is mailed within
which &+rn+w-cr mac pas the sums declared due. It B.+rrov+rr t.+ils ro pas wch sums prior t?• the expiration rf such pericxl.
? I.rndcr m:n•. withotrt further notice or +Irmand .+n liorro•.+rr, invoke any remedies permittrl M• paragraph IR hereof. '
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( Nrt!~-UnrroR:?r ('ove~t.~?~•rs. Borrower and Lender further covenant and agrrc 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. including the cotenants to pay when due an}• sums secured b}• this Mortgage. Tender
prior to acceleration shall mail notice to Borrower ac prodded in paragraph 14 hereof specifying: (1) tht breach; (2) Ihr adron
required to cure snch breach; (3) a date. not less than 30 da}•s from the date the notice is mailed to Borrower. by which snch
! breach must be cored; and ~4) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the stems secured b}• this Mortgage. foreclosure b}• judicial proceeding and sale of the Property. 17te 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 defense of Borrower to acceleration and foreclosure. If the breach is riot cored on
or before the date specified in the notice. [.ender at Lender's option may declare all 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 docomentary evidence. abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings hrFun h}' Lender to enforce this Mortgage discontinued at any time ;
8~~39 P~E1456
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