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l.ender'c w~itten agreement o~ appl~rable lew. Bo~rowt~ shall pay the amount o( all mortgage iosu~ance prcmiums in the
mannrr p~ov~drd under parag~aph 2 hereof.
Any am~~unt~ ditih~ircrd by Lrn~ler pu~~uan! ~~~ this paragraph 7, with ~r-terccl thercon, shall hecame additiana)
in~kh~edm~c a( 13utruw~~ ~ccuRd by Ih~c Mungage tlnte~~ Aorruwer and Le~Jer agrce to ather terms of payment, such
am~~unt> >hall he payaMe u~x~n m~lice fmm I ender lo [3~~~n~wr~ rcquecting payment there¢f, and ihaH bear interest from tfie
date of di~bursement at ~he ~atc payablc fn.m Iimc to ~ime on outstanding principal under the Note unlesc paymet-t uf
interest at such rate wau1J t+e con~rarv ~o applicablc law, in which event such amounts shall hear interest at the highest rate
permiuible under applirable law. Ni.thing a•ntaincd ~n lhic paragrapfi ~ shall rcquire l.ender to incur any tapense or take
any actio~ hereunder.
S• Iospettlon. 1_enJer may makc or rau.c to F-c made reasonabk enlries upon and insptctions of the Property. provided
that l.cnder shall give Borrowcr notirc priur to any wch ins~tion spccifying rcasonabk cause therefor rdated to I.toder's
interest in the PrapeNy.
9. Coademnation. The prc~cceds of any award or claim for damages, diroct or consequential, irt connoction with any
condemnation or othe~ taking of tho !'ropeny, or pa~t thercof, or for conveyance in lieu of condemnation. are hercby sssignod
and shall be paid to Lende~.
in the event of a total taking of the Propeny, the procecds shall be applied to the s~~ms secured by tfiis Morigage.
with the excess, if any, paid to Bo~~ower. in 1he event of a partial takiog of the Property, unless Borrower and Lender
o-herwiso agree in writing. lherc shall he applied to the sums securcd by this Mongage such proportion of the procads
as is equal to that propoctio~ v-hich 1he amo~~n1 of ~he sum~ sccurcd by ~fiis Mortgage immediately priar to Ihe date of
taking txars to the fair market valuc of Ihc Propcrly immediately prior to the date of taking. with the balance of the Q~eds
paid to Bormwer.
if the Pfoperty ic ahandoned b~~ Borr~vver. or i(. atter notice by l_ender to Barmwer that the condemnor otfers to make
an award or uttle a claim for d~maec., &~~rovver fail~ ~c- re~pond Co l_ender within 30 days after the date such notice is
mailed. l.ender ic authorized ta collect and apply the proceeds. at I.ender s op~ion, either to restoration or repair of tht
Propeny or t~ tht sum~ cecured h~• ~his Mori~¢age.
Un1eSC l.ender and Borrower otherwi~c agree in writing. any such application of proceeds to principal shal) not extend
or pactpone the due date of the monthly installments referred to in paragraphc l and 2 hereof or changt the amount of
such installments.
10. Borrower Nol Rekased. Extension of ~he time tor payment or modiRcation of amortization of the sums securcd
by this Morlgage grdnted by I.ende~ to any cuccecsor in interect of Bc-rtowcr ~hall not optrate to rekase, in any manner.
the liability af the original Borrower aod Bc+rrower'c succesu-rs in interest. i_ender shall not be required M commence
pn,ceedings against such successor or rcfuse to extenJ time for payment or otherwice modify amonizat~on of thr sums
cecured by thia Mortgage hy reason of any dtmand made b}• ~he orieinal Borrower and Borrawer's successors in inttrcct.
l l.. For6tarance by I.ender Not s Wai~er. A~y fo~hearance hy i.ender in ezercising any right or remedy hercunder, or
otherwise afTorded by applicable law. shall ne+t be a waiver of or preclude the exercise of any such right or temedy.
The procortment of insurance Qr the payment af taxes or other liens or charges by I ender shall not be a waiver of Lender's
right to accelerate the matu~ity of the indebtedness cecurcd hy this Mortgage.
12. Remedies Cnmulati~e. All remedies providrd in this Mortgage arc distinct and cumulative to any other right or
remedy unde~ this Mor~g~ge or aRorded by law or equi~y, and may be exercised concurrcntly. independently or successively~
' 13. Snecessors and AssiRes 4ound:.Joint aad Sere~al I.LbAiry: CapNons. The covenants and agreements hercin
contained shall bind, and the riRhts hereunder shall int-rt to. the rcspective successors and ass+gns of Lender at~d Botrowet.
subject to the provisionc of paragraph 17 FKreof. All covenants and agrtements of Borrower shall be join~ and sevenl.
'Il~e captions and headings of the para¢raphs of this Mortgage are for convenience only and are not to be ~ned to
interpret or define the provicians herec-t_
14. NMice. Except for any notice ~equired under applicable law to be give~ in another manner, (a) any notice to
Borrower Qrovided to~ in this Mortga¢e shall be given by mailing such notice by rertifled mail addressed ~o Borrawer at
tfie PropoAy Address or at such o~her addres< as Borrower mav designate by noiice to T_ender as provided herein, and
(1>) any notice to Lender shall he given hy certificd mail. return receipt rcquested. to [.endei s address slated henin ot to
soch other address as Lender may decignatt by n~tice to Borrower as pro~•~ded hercin. Any notice provided for in this
Mortgage shall be deemed to havc E+een given to Borrower or l.ender when given in the manne~ designated herein.
1S. Uatfos~n MoARa~e; Covcrni~ iaw: Severobility. Thi~ form of mortgage combina uniform covenants for national
use and non-uniform covenantc vvith limited variations h~• juricd~ction to constitute a unitorm soci~r+ty instroment rnvering
rcal property. This Mortgage shall be governed hy ~he law• of the jurisdiction in which the Property is located. In the
cvcnt that any provision or clauu of thic Mortgage or ~he No~e conflicls with applicable law, such conflict shall not affect
o~her provisions of this Mortgage or the N~te which can be given efTect without the conflicting pmvicion, and to Ifiis
end the provisions of the Mortgage and ~he Nc~te are Jeclared to be uverable.
16. ~orrovre~'s Copy. Borrow•er ,hall be furni~hed a conformed copy of the Note and of this Mongage at the time
of ezeculion or after recordation hereof.
17. Trsosfer of the Propevtr: Assump~ion. If all or any part of the Pr~perty or an intercst lherein is u-ld ot tnnsferted
by Borrower wi~hout Lende~ s prier w•nncn ~.insent. e±ecluding la) the crcation ot a lien or encumbrance subordinat~ to
this Mortgage. ib) the creation of .l ~Uf~'h:l~l` mnne< <ecuri~y mterest (or household appliances, (cl a transfer hy devise.
descent or by operation of law i~pon the aka~h of a jomt tenan~ or ~dl the grant of any Itasehofd intercst of thrcc ycars or kss
not containing an option to purchase. [_ender may. a~ I.ender'~ option, declare all Ihe sums stcured by this Martgage to be
immediately duc and payablc. (.cnder ~hatl h~vc N:uved such option to accelerate if, prior to the wle or transfer. Lender
and the person to whom the Property i. ~~= be .ol.l or transierred reach agrerment in wriling that the credit of cuch percon
is satisfactory to I.enJer and that the iMcrr.t pa~•able o~ the sums secured by this Mortgage s6a1! be at such rate ac l_ender
shall request. If 1_ender has waived the aption io accelerate provided in this paragraph 17, and if Borrower> >uccasor in
interest hac executed a written ascumntion agreement accepted in writing by 1_ender. Lender sha0 release Borrower (rom all
obl~gat~ons under this Mortgage and the Note.
If [_ender ezercises such opt~on ~o acceterate. Lt~Jer chall mail Borrower notice of accdentio~ i~ accordanc~ a~~h
parograph 14 hereof. Such notice ~hall prov~de a period of noi less than 30 days from the date the noiice is mailed wi~hin
which Borrower may pay the sums declared due. 1( Borrower fails to pay such sums prior to the expintion of wch pencd.
Lender may. without (unher notice ~r ckmand on Korrower. ~nvoke any remtdiss permstted by paragraph 1!t hereof.
NON-UNIFORM COVENANTS Borrower and Lender further coven~nt and agree u follows:
18. Acce{erataa; Rcmtdies. Excep as Prorided ia parsR~apM 1'f hereot. Mpo~ forrowe~'s beacl~ ot iay co~e~t er
a~reemeot of eormwtr in this MortRs~e. includi~ /he co~eaaats lo ~ay v-bew dne aey sums sec~red by thk Mort~~c. [.ende~
prior lo accekratbn shdl mail notice fo dorro~*er as provided In para~rapb 11 hereot specityint: (1) tbe bn~ch: 121 tAc actb~
required to core such bresch;l3) a d~te. no1 kss Iban 30 days trora the date the aotke b e~aikd to eomuwer. by rrhkh suc~
b~each armt be carcd: aad (4) tbst tailnse to c~re sMCh brtsci~ on ot before tht da~e specl~ed in ~hc ao~ke ~nar resWt iw
accckration of tbe sums secured by this MortXs~e. ~o+eclosrre by judkid rroeeedl~ snd ssle o/ tbe rnopc~t}~• The nolke
shall turthcr infurn~ Eorrovrer of thc riRM to reinstste at/er aceekrstbw a~d Ibe ritat Io a~eA i~ tAe /ortclos~rre poctedh~L
tbt non-existence of a defsuh or any other detense o/ Eorrower to accekratba sad toreclo~ore. li the erescw b eot cw~ea o~
or before Ihe date specified in the notice. Lender at [.rndtr's opbw a~tY dtcla~e s~ ot tbt sa~s secMSed eY thk Mort~~e M be
immed'utely due and p~yable r-ithout turfher dem~nd ~nd ~nay torecbse tbb Mort~a~e by judicW ~roceedluR• I.ender shall
~ be entitkd to colleet M sYCh prottedii~ sH e~penses oi foreclosrrt, tnclydi~. bNt ~ot limite~ to. re~sonaelt sn~~rnrr's fees.
and eosts ot doc~~sewtary e~idence. sbsiracts snd titk rcports.
Iq, dorrower's Ri`hl Io Reinsbtt. Nolwilh~tandmg 1 ender's xcelero~ion Q/ the sumc sewred by th~c Mon6a~e.
Borrower shall have Ihe right to have an~ prcxe~dme~ br~un by Lendet to enfnrct Iht~ Mortgaqe d~~coniinueJ a~ an} time
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