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I.ender's wnuen agreemenl ar appli~able law. Borrowe~ shall pay the amount of all mortgage iocu~ance prcmiums in the
m~nnrr pruviJcd unde~ parag~aph 2 hercot.
Any amoun~c .~iicbursed by Len~ler punuant tu this paragraph 7, with interect thercan, shall become additiona)
inJeMedne~c of R~xn•wrr securcd by !h~~ M~~rtgrge. Unle~s B~rrower anJ I.rnde~ agree to other ler~s of payment, such
amounts shall hc payable u~x~n no~icc fr~~m I cnder to Borrawrr rtyucc~in~ paymcnl lhcrrnf, and shall hea~ interest from the
date of ditburSCment al ~hc ratc payablc tmm timc to time on outstanding principal under the Note unlesc payment of
intercst at such rate would t+e contrarv ~o applicable law, in which event cuch amounts shall hea~ ihterest at the highest rate
permissibk under applicabk law. N~~thing cc~nt~ioal in Ihis paragnph 7 shall requirc l.ender to incur any eapense or take
any action hereunder.
S. Isspection. I.enckr may make or ca~~~e to I+e made reaconabk entries upon and inspections of the Aroperty. provided
that l.ender shall give Borrower notice prii~~ Io any cuch inspection specifying rcuonabk cause therefor related to I.et~der's
interesl in the Pmpetty.
9• Co~CUU~nstion• The p~aceed~ of any award or claim for damsges, dircet or conseque~tial. in cortnection rvith any
coodemnation or other taki~g of the Property, or part thercof, or to~ conveyaoce in lieu of condemnation. an he~cby astisned
and shall be paid to Lender.
ln Ihe event of a tol~l laking of the Pr+operty, the p~~ shall be applicd to Ihe sums securcd by tfiis Mortaaae,
with the excess, if my, paid to Horrowe~_ In the even~ af a partial taking of the Property. unkss Bornower and Ire~der
otherwise agroe in writing. therc shall be applicd to the sums secured by this Mortgage such proportion of the procesds
as is equaf to that propoMion w~hich ~he amount of ~he sumc securcd by this Mortgage immcdiately prior to the date of
taking bears to the fai~ market value of ~he Property immediately prior to the date of taking, wi~h tht balance of the proceeds
paid to Borrowe~.
Tf the Property ic ahandoned by Borrower. ~-r if. after no~ice by l.toder to BoROwer that the condemnor oRers to makt
an award o~ uple a claim for damaec.. Borrower t~il. ~o recpond to l_ender within 30 days af~er the dale such notict is
ma:!ed. Lender ic authorized to collect and apply ~he procceds, at l.ender's apticx~, either to restontion or repair of the
Praperty or to the sum~ cecured hy this MortRa~tc.
Unlesc 1_ender and Borrow~er otherwice agree in writ~n~e_ any such application of proceeds to principal shall not extend
or pcxtpone Ihe due date of the monthly installmcnts rcferred ta in paragraphc 1 and 2 hercof or change the amount of
such installments. -
10. Borruwer Not Rek~ed. Fxtension of the time far payment or mc~dification of amortization of the sums securcd
by thic Mortgage granted by I_end~r ta any cuccecsor in intere~t of Bnrrower chall na opente to nekase, in any ma~ner.
the liability af the original Borrower a~ Borrower e successorc in intercst. I_ender shall not be required to commence
proceedings against such succecsor or rcfuse to extend time for payment or otherwice modify amortixat~on of thr ~ums
secured by thic Mottgage by reason ot any demand made by the oriqinal Borrower and Borrower s successon in interect.
11. Forbesnnce by I.cader Not a Waiver. Any fc-fiea~ance by 1_ender in etercising any right or rcmedy hercunder, or
othenvix afforded by applicable law, shall not be a waiver of or prcclude the exercix of any such right or remedy.
The procurement of insurance Qr Ihe payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right ta accelerate the maturity of the indehtednecs cecurcd hy this Mortgage.
12. Remedies Comulafi~re. All remedies provided in this Mortgage arc distinct and cumidative to any other right or
remeJy undt~ this Mortgage or afforded hy law or equity, and may be eaercised concurrently, independently or successively.
' 13. Srccessors sed AssiR.s sound; Joist and Se~eral i.iabiNty; Capdons. The covenants and agreements hercin
contained shall bind, and the riRhts hereunder shall inure to. the rcspec~ive successors and assigns of Lender at~d Borrower.
subject to the provisionc of Paragraph 17 hereof. All covenants and agreements of Borrower shall be jairy and sevenl.
'fl~e captions and headings of the paraeraphc of thic Mongage arc for convenience only and are not to be uced to
interprct or define the provicions herec+f.
I~. Notice. Except for any notice rcquircd under applicable law to be given in another manner, (a) any notice !o
Borrower pr+ovided for in this Mort~taet shall be given by_mailing such notice by certified mail addressed to Borrawer at
the Property Address or at such dher addresc as Bc~rrower mav designate by notice to I.ender as provided herein, aod
(b) any notice to Lender shall he given hy certifieJ mail. return receipt requested. to l.ender s address stated hercin or to
cuch other addrcss as Lender may de~ieoate by nntice to Borrower- as provided hercin_ Any notice provided for in this
Mortgage shall be deemed to havc 1+een gnen to Borrow•er or Lender when given in the manner designated hercin.
1S. Unitorn~ Morl~a~e: GoverninR i.aw: Severability. This form uf mortgage combines uniform covenants for national
us~ and non-uniform covenantc with IimiteJ variations hy ~uncdiction to canstitute a uniform security instrument rnverina
rcal proper~y. This Mortgage shall be governed hy the law of the jurisdiction in which Ihe Property is located. in tht
event that any provision or clauce of thic Mortgage ~r the Note conflicts with applicable law, such conflict sha0 not alioct
o~her provisions of this Mortgage or the Notr which can be given effect wi~hout the conflic~ing provicion, and to this
end ~he provisions of the Mortgage and ~he Note arc Jcclued to t~e severablt.
16. dorrower's Copy. Borrower chall be furni~hed a canformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Tnasfer ot tbe Propertv; Assumplion. If all or any part of the Pmperty or an interest therein ic sold or tnnsterred
by Borrower w•ithout IRnder's prior wnnrn consem. excluding (a1 the creation of a lien or encumbnnce subordinate to
this Mortgage. (bl the creahon of a purcha~e m~.nevi cecurity mteres~ for household appliances. (c) a ~ransfer hy devise,
descent or by operation of !aw• opon thc dca~h of a jornt tenant or ld~ ihe grant of any Itasehold interest of thrcc }cars or kss
not containing an option to purchase. I_ender map. a~ I.ender i op~~on, declare all the sums xcored by this Mortgage to be
immediately due and payable. Lender chall h:,.e wa~ved such option to accclerate if, prior to the cak or transfer. Lender
and the persc~n to whom the Property i. i~+ !,r .ol.l ~~r trans(erred rcach agre~mem in writing that the crcdit ot cuch person
is satisfactory to I.enJer and ~hat the imerr.t pa~•able on ~he sums secured by this Mortgage shall be at soch ~att ac Lender
shall rcquest_ 1f I_ender has waevecl the opNon to accelerate provided in this paragraph 17, and if Botrower'a suceessor in
interest has executed a written ~ssump~ion agreement accepted in wri~ing by Lender. Lender shall release Borrower from all
obligations under this Morlgage and the Nott.
If Lender exercises such option ~o accelerate, t_ender ch~ll mail Borrower notiee of acceleration in aeeardanc~ N i~h
paragraph !4 hereof. Such notice shall prov~de a period of no~ less than 30 days from the date the notice is mailed within
which Borrower may pay the sumc declared due. It Banower fails to pay such sums prior to the tapintion of cuch pericd.
Lender may, without further nwict or demand on lbrrower, mvoke any rcmedia permit~ed by parognph IR hercof.
Norr-UNiFORM CovEN~NTS. Borrowcr and Lender tunher covenant and agrce u follows:
la. Accekration: Rcmedia. E:cept a~ pro~•Ided ia p~ra~rapb 1~ I~e~eot. ~ so~o.nr: ~~ or ..r ~o.e~~ or
a~reeme~t of Eorrower ia this Mort~sRe. includ~n~ tbe corenanls to pay wAes due asy soa~s securcd br Ihls MorlRs~e. Lender
prjor to sccekratbo shaq ~nail notke to dorrower as Provided iw psra~rspA 14 hereo[ specKyjns: (1) tAe brescA:121 ~he actlo~
nqafred to eere socb bresch; ~3) a dste. aot kss than 30 dsys tm~n tbe dMe the aotke b a~aikd fo eortor.er. br wAkh wcM
besch mmt be ce~ed: and (1) thst hil~re to ct~re sreh bre~cM ow or leto~+e /be dNe speeWed is the aotke may resWt i~
accekratioa ot tbe son~s secured by Ihis Mort~aRe. tweebs~rr br jndkial rnuceedi~ ~nd sale o1 the Property. The notlee
shall feNher inforn~ eorrower o( tbe ri~M lo rci~stste after ~ccekratio~ swa the ~h1 to asteA iw tbe toreclosrre poeeedl~
tbe non-existtnct ot s dcfauN or any other dcfen~e of Eorrower to ~ecskrstiow awd forecbsoet. It tl~e beacA is not certd o~
or betore the date specibed ia lhe eotice. l.ender at t.ender's o'tlo~ ~ dethre aN o1 fl~e seais stc~re~ by thfs Mort~aRe M be
immediatelY dut snd paysbk withc-ut turther demand ~nd may ~orrelost tb[t Ma1=a~e ~r jndkW proceedinR. I.enJtr shap
be eetided to colleet iw wc~ proceedia~ sll espenses of toreclos~rs. laclodiu~. A~t vot dmite~ fo. nasonsele s~t~,rnev's fees.
aad cosls ot doc~rsewtary e~idence. aAstrscts ~nd lille reports.
19. Eo~rower's Rf~bl to Rei~stsfe. Nolwith~tand~n~t 1 ender's sccelerat~on ot ~he sums secured by ~h~s Mort~a~e.
Borrower shall have Ihe nght to have am prcxecdme~ br~,un by Ltnder lo en(orct tbs Mnngage d~sconhnutd at any t~me
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