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l.ender's wriucn agrecmcnt ar appGcablc lew. Borrowe~ shall pay the amou~t af all mortgage inturance premiums in the
maonrr prav~dcd under parag~aph 2 hereof.
Any amouMc di~bnrud by I.rnder pur~uant tu ~his paragraph 7, wi~h intercct thercon, chall become additional
in~khtednccc uf HArruw~r +ccun:d hy thi~ M~aigage Un{ec~ Borrowcr anJ 1.enJe~ agree ta athcr tertps ot paymcnt, such
amounts shall F+e p~yablc u~-n n~~~irr from I.cnder 1i~ Bo~r~~wrr req~KCting paymcnt thcrcoi, aryd sha11 bear +ntetest from the
date of dicbursement at ~hc ratc payahle (n.m time to time i~n autstanding pri~cipal under the Notc unless payment of
interest at such rate wauld I+e contrarv 1~~ applicable law, in which evenl ~uch amounts chall t~ear interest at the highest nte
permissible under applicable law. Nathi~~ rnn~ained in this parag~aph 7 sfiaH rcquirc I.cnder to incur any expeose or take
any action hereunder.
S. Isspectioa. I.enJer may makc ~~r ca~~.e to he made rcacc~nable eo~rieS upon and i~spections of the Property. provided
that I.e~de~ shall give Barrower not~cr pri~~r to any cuch inspection specitying reasooabk caust therefor related to Ltnder's
interest in the Property.
9. Coademnation. The pre~ceedc of any award ar claim fo~ damages, direet or consoquential, in rnnnoction with any
condcmnation or other Iaki~g of the Property, or part thercof, or for conveyance in lieu of condemnation. arc hercby usia-.-ed
and shall be paid to [~e~der.
i~ ~he event of a total taking of the Propcrty. the proceeds chall be applied to the s~+ms secured by Mis Monsage.
with the excess, if any, paid to Bor~ower. ln ~he event of a partial taking of the Property, unless Borrower and Lendc•'
o~herwise agrce in wri~ing. tfiere sfiall be applied ro the sums secured by this Mortgage such proportion ot the procoals
as is equal to that propohion v-•hich the amnunt ~f the sumc xci~red by this MarlgaRe immediately priar to tfie date of
taking bears to the fair market value of the Propcrty immediately prior ta the date of taking, with the balance of the pt+oceeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by l.ender to Borrower that the condemnor ofkrs to make
an award or'uttle a claim for dam:,reti. B~~rrc+wer fail. ~~ re~~+c~nd t~ l_ender within 30 days atter the date such notict is
mailed. Le~der ic authorized to collec~ and appl~• ~he proceeds. at 1_ender's option, either to restontion or repair of the
Property ar to Ihe sum~ ticcured by this Mor~ga~e.
Unlest I.ender and Borrower othen~ricc agree ~n vrrit~ng, any such application of p~oceeds to principal shall not exteod
ar pcxtpone the due da~e of the monthly inslallments referred to in paragraphc 1 and 2 het+eof o~ change the amount of
such iostallments.
10. Borrowcr Not Released. Extension oi the time far payment or modification of amortization of the sums securcd
by this Mortgage granted by l.e~der to a~y cuccecsor in in~erect of Barrower ~hal{ not opente to nlcase. in any manner.
the liability of the original Borrower and Borrowcr'~ siKCessorc in intercst. I.tnder shall not be rcquired to commence
proceedin~es against such successor or refuse to extend time for payment or othervvi~e modify amortiza~~on of ~he s~~ms
secu:ed by this Mo~tgage by reason of ~ny demand made by 1he ori¢inal Borrawer anci Borrower s successors in interat.
11. Fo~beannce by I,ender Nof s Walver. Any f~rhearance by I-endec in etercisi~g any right or remedy hereunder, or
othenvise aBorded hy applicable law, shall not bc a waiver of or preclude the exercise of any such right or remedy_
The procurem~nt af insurance pr the payment ot taxes or other liens or charga by I_ender shal) not he a waiver of Le~de~'s
right to accelerate the maturity of the indebtedness cecorcd hy this Mortgage.
12. Remedies Cnmulati~e. All rernedies provided in this Mortgage arc distinct and cumulative to any other right or
rcmedy unde~ Ihis Mortgage or afforded hy law or equity. and may be exercised concurrently, independently or succecsively.
' 13. S~ccesso~s and A~us Bonnd: doint sad Sererd iLbility: C~pNons. The covenants and agreemrnts hercin
contained shall bind, and the riRhts hercunder shall inurc to. the oespective succnsort and astigns of Lender ae-d Borrower.
subject to ~he provisionc o( paragraph .17 hereof. All covenants and agrcements of Borrower shall be joiry and sevenl.
'Il~e captions and headingc of the paragraphc of thic Morlgaae are for conven~ence only and arc not to be uced to
intcrpret or defioe the p~ovisions hereof.
ld. NMice. Except for any nolice rcquired under applicable law to bt given in another manner, (a) any twtict to
Borrower provided for in this Mortga¢e shall be given hy mailing such notice by certified mail addressed to Borrower at
the Psoperty Address or at sucfi wfier addresc as Borrower mav decignate by notice to l.ender as provided herein. and
(b) any notice to Lender shall he given by certified mail. ~eturn receipt requested. to [ ender s address stated herc+n or to
such other address as Gender may aeci¢nate by n~tice to Borrower as pro~~ided hercin_ Any notice provided for in this
Mortgage shall be deemed ta havc becn Riven to Borrower or Lender v-hen given in the manner designated herein.
15. Unttorm MoKRa~e: Gorernin~ [aw; Se.erability. This form of mo~gage combines uniform covenants for nafwnal
use and non-uniform covenanlc with IimiteJ variations hy juricdiction to consti~ute a uniform security instrumt~t cove~ina
rcal property_ This Mortgage shall be governed h~~ the law• ot the jurisdiction in which the Property is located. In the
event that any provision ar ctauce of tfii~ Mortgage ~r ~he Note conflicts with applicable law, such conflict shall not af~ect
other provisions of this Mortgage or the Note which can be given eHect without the conflicting proYicion, and to this
end the provisions of the MortRage and the 'Vote arc Jeclared to he severablt.
l6. Dorrowe~'s Copy. Borrower shall bc furniched a con(ormtd copy of the Note and o[ this Mortgage at the timt
of execution or a[~er recordation hereof.
17. Trsuster oi tMe Properlv; Assumplion. If a!I or any part of the Property or an intercst thercin is sold or traasferred
by Borrower without I.ender's prior wrii~rn ~onsent. ew~luding la1 the crcation of a lien or encumbnnce subordinate to
this Mortgage. (b1 the creat~on of a purch~~r mone~~ cecuri~y mteres~ for household appliances, (c) a trancfer hy devise.
dtscent or by operation of law upon the dcath o( a µ•~nt tenant or (d~ tht grant of any {tasehold intercst af threc ycars or kss
not containing an op~ion to purchase. l.ender may. a~ 1_ender's option, declare all Ibe sums secured by Ihis Mortgage to be
immediately due and payable. l.ender chall h•r.c N:uved such option to arc~lerate i(, prior to the cale or Iransfer. Lender
and the person ~o whom the Property i~ ~~- 1-c :o1J or transferred rcach agre~ment in writing that the credit o( cuch penon
is satisfactory to l.ender and ~hat the interr.i pa}~able on the sums secured by this Mortgage shall be at such rate ac l.endet
shall request. If 1_ender has waived the option ~o acceler~te provided in ~his paragraph 17, and if Borrower i succasor in
interest has executed a written assump~~on agreement accepted in writing by Lender, Lender shall release Borrower frc+m all
obligations under this Mortgage and thc No~e.
if Cender exercixs such opt~on to accetera~e. I.enJer shall mail Borrower notice ot acteleralion in accordanc~ Nith
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days lrom Ihe date the notice is mailed wi~hin
which Borrower may pay the sums declrred due. li Borrower (ails ~o pay such sums prior to the expintion ot wch pericxl.
l.endcr may, wi~hout further notice or demand on l3orrower. ~nvoke any remedies permitled by paragrapfi IR hercot_
NON-UNIFOAM COVENANTS Borrower and Lender (unher covenant and agrce u follows:
ls. Aceckntion; Remcdks. Excep as provWcd is p~~rapA 19 hereof. apon EorroMers breacM of any co~ewt or
a`reeme~t ot aorrorrer ln this MortgaRe. includin~ 1he corensnls lo par whea dre aay sums tec~nd by thk MortRa~e. IRAAtf
prbr to ~ccekntbn shdl mail notke to dorror•er as provided ia psra~nph 14 hereot specNyM~: (1) tUe brrach: (211Ae setiow
required to corr soch brrsch;l3) s date. not le~ Ihan 30 days trora the dNe tbe notke b maikd fo Eorror•er. by whkh suc~
b~each wwt be crred: and (+) tbat tailure to cere srch bse~cM ou or betoec tbe dMe speca'ied iw thc aotice n+sy recWt i~
•ccekntion of tbe soms secund by Ihk MortRsRe. tw~ecbsure by j~dkial proceedln~ snd sale o/ tbe Propnry. 'i1~e eotke
shdl fu~thcr lnforn~ Eorro~-cr of Ihe riRht to niRState sfler accckntios and tbe~ riRht M a~eN i~ ~be toreclosree pocKdi~
tbe non-existence of a defauN or sny other deftnse of sorro~+er to sccelerdios a~d iu~eclo~K• 1t the breacA is ~ot cured o~
or before the date specifi~d ia the notice, I.ender al [.ender's a*tfoa ~ declat+c aN at the stu~s see~~ed b~' tl~b M°stR~t t° be
immediattly due and psrsWt ••ithoul (urth~- demand and msy /orcclose tbk Mort~s~t br judkW pr~oceedlnR• I.enAer chall
be eoNNed to collect M such proceedieq~ sp e:peoccs of ~oreclosrre. inelydiu~. b~t ~0/ Yn~iter to. reasonsbk sta,rnev's ftes.
~nd cests uf doc~meNary e.~idcnce. sbstracts and ~itle nports.
19. Don+u~+er's R(6h1 to Reiestste. Nolwilh~trnd~ng 1 ender's acceleration ot the sums securcd by ~h~s Mongage,
Borrower shall have the righ~ to have an} prcxccd~ne< tx~~~n by Lender to tnforct Ihts Mongaqe dnconhnued a~ any time
e~ 345 p~E s7~