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l.cnder's wriucn agrcrmcnt ar applirahle lew. Borrowe~ shall pay the amou~t at all mortgage iowrance prcmiums in the
mannrr pr~~wdr~i undcr paragraph 2 hcrcof.
Any amounl~ dichur.cd by I.enJer purcuanl tu Ihis pa~agraph 7, with interesl thereon, shall became additio~a)
indrMrdne~~ i-f Ii~~rruwer kcured by ~h~~ Mor~gage. Unle~s Born~wer and I enJer agrce to Mhe~ termc of payment, such
amoun~c ~hall F~c pavahtc u~n notirc fmm 1 cnder ~o Bcxmwrr rcquec~ing paymcnt Ihqcpf, and sA311 hear intercst from lhe
date of dichursemcot at thc ratc payahlc (mm timc to time on outstanding principal iihd~r the Note unless ptymeet of
interest at such rate would he conl~arv to applicablc law, in which event cuch amounls shall l~ear interest at the hiahest rate
permissible under applicable law. Nolhing ci~n!•rined in thic paragraph 7 zhal) require I.ender to incur any eapense or takt
any action hereunder.
a• lsspectloa. I.ender may make or ca~~~c Io he made reacanable entries upon and inspections of the Property. provided
that Lender shall give Borr~wer nol~ce priur 1~. any such inspection specifying rcawnabk cause therefor rclatod to Lender's
interes~ in ~he Propeny.
9. Coademeatba. The proceedc of any award ar claim for damages, diroet or conuquential, in connoetion with any
condemnation or othe~ taking of the Property, or pa~t thercot, or tar co~veyance in lieu of condemnation. are het+eby atsiaoed
and shall be paid to Lender.
ln the event of a total taking of the Property. the proceeds chall be applied to the sums securcd by this Mortaaae,
with the eac~ss, if any, paid to Bo~rowe~. ln the event of a partial taking of Ihe Property. unless Borrower and I~ender
otherwise agret in writi~g. Iherc shali lx applied to the sums secured by this Morlgage such proportion ot the procteds
as is equal to that proportion w•hich ~he amounl of the sumc secured by this Mortgage immediately prior to the date of
taking bears to tht fair market value of ~hc Pmpcr~y immediately prior ta the date of taking, with the balance of the pooceeds
paid to Borrower.
lf the Property is ahandoncJ h}• Borrowcr. or if. af~er notice by l.cnde~ to Borrower that the condemnar oRen to makt
an award or uttle a claim for damagc~_ B~•rr~wer fail~ to rec~c+nd to I_ender within 30 days after the date such ratice is
mailed. Lender ic authorized to collec~ and apply the proceeds, at 1_ender's option, tither to restontion or ~epair of the
Properly or to the sumt ~ccured hy thi~ Mortga~te.
Unlesc I.ender and Borrow•er othenvi~c agree in w•rit~n~_ any such application of proceeds to principal shall not extend
or pcxtpone the due date of the manthly ins~allmcnts rcferred to in paragraphc 1 and 2 hereof or chaage the amount of
such installments.
10. Borrower Not Released. Exteosion of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by I.toder to any cuccecsor in interect of Bc~rrower ~hall not operate to rekase, in any manne~.
the liability of the original Borrower and Borrower'c soccessc~rc in intercst. i.ender shall not be rcquircd to commence
proceedings against such successar or rcfux to ertend time for paymenl or otherwise modify amortizat~on of thr sums
ucured by thic Mortgage by rcasan of aryr demand made by the oriqinal Borrower and Borrower s successon in interesl.
11. Forbeannce by i.endet Nof a Wdver. Any f~rhea~ance by I.ender in exercising any right or remedy hercunder, or
otherwise afforded by applicahle law, shall nc-~ be a waiver of or prcclude the exercise of any such right o~ remedp.
The procurement of insorance pr the payment of taaes or other liens or charges by I_ender thall not be a waiver of Lender's
right to accelerate the maturity of the indehtedness cecurcd hy thit Mortgage.
12. Remedies Cumulathe. All rcmedies provided in Ihis Mortgage arc distinct and cumulative to any other right or
remedy under Ihis Mortgage or aflc+rded hy law or equity, and may be ex~rciud concurrcntly, independently or succestively_
' I3. Ssecessors and Asi~as Eound: Joint sed Several i.iabilifY; Csptions. 71K covenants and agreements hercin
contained shall hind, and the riRhts hereunder shall inure to. the respective successors and assignf of Lender at~d Bomower,
subject to the provisionc of paragraph 17 hereof. All covenanls and agreements of Borrower shall be joiry and sevenl.
The captions and headingc of the paraqraphc of ~hic Mortgage are for convenience ooly and arc not to be used /o
interprct or define the pravicionc heree-f.
14. NMke. Excep~ for any notice requircd under applicable law to be given in another manner. (a) any rwtite to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certifled mail addresud to Bo~mwer at
the Property ~lddress or at such other addresc as Borrower mav designate by noiice to I.ender as provided herein, and
(!~l any notice to Lender shall t~e given by cerlifieJ mail, relum receipt requested. to l.ender s address stated hercin or to
such other address as Lender may deci¢nate by nrnice to Borrower as provided hercin. Any notice pmvided for in this
Mortgage shall tx deemed to havc l+een given to &-rrow~er or I_ender when grven in the manner designat~d hercin.
15. Unitorm MoriRa~e; Covernin~ Iaw: Se~erability. Thit form of mortgage combines uniform covenants for national
use and non-uneform covenantc with IimiteJ va~iations hy juriuiiction to constitute a uniform security instrumeot rnverina
real property. This Mortgage shall be governed hy the law of the jurisdiction in which the Property is located. in the
event ~hat any provision or clau~e of thic Mortgage c.r the Note conflic~s with applicabk law, such conflict shall not affeet
other provisions of this Mortgage or Ihe Notc which can be given efiect wi~hout the conflicting provican, and to this
end the provisions of the Mortgage and ~he 'VcNe arc dcclared to be severable.
16. Eorrower's Copy. Borrower shall be furni~hed a conformed copy ot the Note and of this MortRage at the time
of execution or aher recorda~ion hereof.
17. Tramier of fhe Propertv: Ascump~ion. If all or any pan of the Pmperty o~ an int~rcst therein is sald or tnnsftrnd
by Borrower witf~out l_ender's prior wn~t.n ~un~ent. e~-cluding lal Iht creation of a lien or encumbnnce subordinatt to
this Mortgage. (b) the creat~on ot a purchacr m~•ne~ cecuri~y mterest for household appliances. (c) a tnnsfer hy deviss.
descent or by opera~ion of law~ upon the Jca~h of •r j~•m~ tenan~ or (d- the gnnt of any kasehold intercst of ~hrcc ycars or kss
not containing an option to p-~rchase. Lender may_ a~ l.ender'~ option, declare all ~he sums secured by this Mortgage to be
immediatdy due and pa~ablc. Lcnder ~hall h~vc N;,,ved such opuon ~o arrrlerate if, prior to Ihe wlt or ~ransfer. Lender
and the person to whom thc Proper~y i~ ~~~ bc .o1J or transferred rcach agrcrmcnt in writing thal the credit of cuch person
is satisfactory to I_enJer and that the in~crr.t pa~able on Ihe sums secured by this Mo~tgage shall be at such rale ac Lender
shall request. If l.ender has waived the option to accelerate provided in this paragraph 17, and if Borrower i succasor in
interest hac executed a written assumn~ion agreement accepted in wri~ing by l.ender. Lender shall releau Borrower from al)
obligations under this Mortgage and thc Note. .
If Lender ezercises such option t~ accelerate. I.tnder chall mail Borrower notice o( aecderation in aceordancc ~~ith
paragraph 14 hereof. Such not~ce chall provide a period of no~ less than 30 days from-Ihe date the notice is mailed wi~hin
which ~o.rower may pay the sumc declared dut. I( Borrower (ails to pay such sums prior to the expintion of cuch period.
Lender may, wethout further notice or ciemand on !lorrower. ~nvoke any remtdiu permit~ed by paragraph IR hereot_
NON-UNIFORM COVENANTS Borrower and Lender turther covtnant and a~ree u Eollows:
18. Acceleration; Rcmcdies. Except as providcd ia Para~npb 1~ ht~aot. rpoe Sorr+uwers 6reacM of swy co~twawt er
a`reement of Borrower in tbis Mortga~e. IncludinR the corensnts lo pay wbew d~e sar snms securcd by thB MortR~e. I.ewder
Prbr to accekntbn shdl mail notke 1o dorro~!-cr as provided in pira~~spb 14 hereot specNyins: (1) tht ~e~ch:121 tht atNo~
requlred to core such brcach;l3) a date. oot le~ tl~sn 30 dsys iwm tbe date the notke b ma8ed to Eorrower. br •rAkh sud
Sresch must be cored: sad (1) Ihst f~ilure to c~re srch brescM o~ or betore tbe dMe specified in Ihe wotke rnsy risdf h
accekration of tbc sums secured br tbis Mort~a~e. tacclosdre by judkid proceedin~ ..a ~ or ~u~ rro~~. 7be nolke
shall further inform Sorro..e~ ot the ri~ht to reinstNe atler sccekrstb~ snd tbe riRAt lo agert i~ tbe tortclos~re ~e~oeeedi~
tbt aon-exastenct ot a defauN or sny olher detense ot EoROr-er to accekratiou awd toreclosore. 11 tbe ~e~cl~ is ~ot c~ o~
or before ~he d~te speci5ed in the notke. l.tnder at I.endtr's optlo~ ~ dtttart all oI Ibe s~n~s ien~+e~d br tA[s MoA~aRe to be
immediattly due snd pty~bk witM-ut tuAher demand and may toretlost thk Mort~ate bp jnakW ~oeetdl~- I-~nder shap
be eotiHed to eollett in such proceedie~ all e:peoses of foreclosurr. inclndin~. ent ~ot drsild to. reasonibk stt.,rner•s feas.
and costs ot documestary e~idence. abstrsc~s snd ~i~k reports.
19. Qomu~+er's Rl~ht to Reinstate. Notwith~~a~dmg I tnder's acceleration of the sums secured by iA~s Mon~aae.
Borrower shall havt the righl to have any prcktcdine. br~~~n by Lendet to tn(oru Ihi~ M~ngage d~sconlinueJ at any timt
6aa ~~~ Pat~ 6rvV