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I.ender's wtittcn agreemc~t or appl~rable law. Eiorrowe~ shall pay the amoun~ of all mortgage incurancc premiums in the
manne~ providrd under parag~aph 2 hertof.
Any amauntc di~hurxcd by I.cndcr purcuant tu ~his pa~agraph 7, wuh in~crrct Ihereon, shall becomc additional
inJchtedness of Horruvrc~ K~ured hy ~h~~ 1~lurtgagc Unlc.~ Born~wcr and I.cnJer agrcc to Mher tcrms af paymenl, such
amountc shall bc payahlL u~x~n n~~~icc fn.m I cndc~ to Bor~uwcr reyue~ting paymrnt Ihcrcot, aod shall be,~~ ioterest from the
date af dicbursement at Ihe rate payablc trom time to lime ~~n outslanding principa) under the Note unless payment of
intercst at such rate wouW t~e contrarv to applicable law, in which event such amoums shall hear intercst at the highest nte
permissibk undt~ applicable law. Nothing canlaineJ in thi~ paragtaph 7 chall requirc I.ender to incur any eapense or talce
any action hereunder.
S. laspectioa. l.ender may makc or ca~~~c u~ Me made rcacc~nabk entriec. upon and inspections of the Piroperty. pwvided
that l.ender shall give Borrower ~olice priu~ to any u~ch inspection specitying reasonabk cause theretor rclatod to Lender's
interest in the Propetty.
9. Coode~anstbe. The proceed~ of any award or claim for damages, direct or consequential. in oonnection with any
condemnation or other taking of the P~operty, or pan thereof, or tor conveyance io lieu of cor~demnation. are hereby sssianed
a~d shall be paid to I.eoder.
1n the event of a total Uking of the Propeny. the proceeds chall be applied to the sums securcd by this Mo~a~e,
with the excess, if any, paid to Borrower. In thc event af a partial taking of the Property, unless Bomower and La~der
otherwise agree in writinR. therc shall be appli~d to the sumc secured by this Mortgage such proponion of the prooeeds
as is equal to that proportian w•hich ~hc amounl of ~hc sumc senircd by this Mongage immediately prior to the date of
taking bean to the tair market value of the Pn~per~y immcdiately prio~ to the date of taking, with the balance of the proceeds
paid to Borrower.
if the Property is ahandoned by Bor~ower. or if. after notice hy 1_ender to Bo~ower that the condemnor offets to make
an awa~d or xlNe a claim for damages. B~rr~wer faih ~o respnnd ro~~+~j~0 days after the date such notice is
mailed. I.ender i~ authorized to collec~ and applr the prc~cec~i,~.~, rs option, e~th~'tU restoration or -epair of the
Propeny or to tht sum~ ucured b~• ~his M~rtgage_ ~~~~s~~ ~r„
Unlesc I_ender and Borrower othervvice agree in writ~ng, a~p~~pVi~,~tha.of p*ateeds to principal shall not extend
or pcxtpone the due da~e of the monthly installments referrcd to in paragraphc 1 and 2 hereof or change the amount of
such i~stallments.
10. Borrowrer Not Rekased. Eztensian of Ihe time far payment or mndification of amortization of the sums sxurcd
by this Mortgage granted by l.ender to any cuccessor in interect of BorroK•er chall not opente to rclease. in any manner.
the liability of the original Borrower and Borrower'c successara in interest. Lender shall not be requircd to commenoe
proceedings against such successor or rcfuse to e~tend t~me far payment or otherwise modify amonization ot the sums
secured by thic Morigage hy rcason of any demand made by ~he oriqinal Borrower and Borrower s s~~ccessors in interect.
11. Forbeannce by i.ender Not a Wdver. Any fort+eannce by l.ender in exercising any right or remedy hercunder, or
othenvise afforded hy applicable law, shall not lx a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance p~ the payment of taxes ar other liens or charges by I.ender shall not be a waiver of Lender's
right to accelerate the maturity of the indeh~edness ucurcd hy thic Mortgage.
12. Remedies Cnmulati~e. All remedies provided in this Mortgage arc distinct and cumulative to any other riaht or
rcmedy unde~ this Mor~gage or aBorded hy law or equity, and may be exercised concurrently, independently or successively_
~ 13. 3uccessors and A~es Bonnd: Joint aad Sererd I.iability; Captbns. The cove~ants and agrcements hercin
con~ained shall bind, and the riRhts hereunder shall in~~re to. the respective succecson and assigns of Lender at~d Borcower.
subject to the provision~ of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphc of ~his Mortgage are tor convenience only and are not to be used to
i~terprct or define the proviciont hercof.
14. NMke. Except for any notice required under applicable law ~o be given in another manner, (a) any notite to
Borrower pPOVided for in this Mortga¢e chall be given hy mailing such notice by certifted mail addressed to Borrower at
ihe Property Address or at such ~~ther addresc as Borrower ma~ designate by notice to i.ender as provided herein, and
(b) any notice to Lender shall he given hy cer~ified mail. return receipt requested. to l.ender s address slated hercin or to
such other address as I.ender may de~i¢nate by n~tice to Bormwer as pro.~ided hercin_ Any notice provided for in this
Mortgage shall be deemed to havc been g~ven 1o Bc-rrow~er or I.ender w•htn given in th~ manner designated herein.
IS. UnHonn MoMRs~e; Gorernin~ I.aw: Severabilit~•. This form of mortgage combines uniform covenants tor national
ose and non-uniform covenantc with IimiteJ variations h~- jurialicticx~ to constitute a uniform security instrument coverina
rcal propeny. This Mortgage shall be governed bv the law of the jurisdiction in which the Property is located. In the
event that any provision or claoce of thia Mortga¢e ~r the Note conflicts with applicable law, such conflict shal) not affect
other provisions of this Mongage or the Nute which can be given efTect wi~hout the conflic~ing provicion, and to this
end 1he provisions of ~he Mor~gage and the Note arc ~kclared to lx severable.
16. Eorrorrer's Copy. Borrovver shall be furni~hed a conformed copy of the Note and of this Mortgage at the time
of execotion or after recorda~ion hereof.
17. Traasfer of tbe Propertv; Acsump~ion. If all or any part of ~he Pmperty or an intercst Iherein ic sold or tnnsfetted
by Borrower without Lender's pnor wnti.n cunum. excluding (al the crcation of a lien or encumbnnce subordinate to
this Mortgage. Ib) the creation of a purchacr m~•ney ~ecuri~y mterest for household appliances. (e) a tr~nsfer by devise.
descent or by operation of law• upon the Jca~h c.f a jn~n~ tenanl or (d~ the grant of any leasehold intercst af Ihrcc ycan or kss
not cont~ining an option to purchase, l.enJer may. a~ I.ender'c opuon, decl:,re all the sums secured by this MoAgage to be
immediatdy due and payable. !_rnder ~hall h~ve w,uvrd such option ~o accrlerate if. prior to the sale o~ transfer. Lender
and Ihe person to whom the Proper~~ i. ~u tx .oIJ or transte~red reach agrerment in writing that the credi~ of ~uch perxon
is satisfactory to I_ender and that the in~crr.t pa~able on ~he si~ms secured by this Mo~tgage shall be at such rate ac Lender
shall request. If [_ender has waived the opnon to accclerate provided in ~his paragraph 1'7, and if Bortowe~ i~uccessor in
interest has taecuted a wrilten assump~ion agreement accep~ed in wri~ing by [_enJer, Lender shall release Borrower tram all
obligations under this Mortgage and thc hote.
It Lender exercises su~h opt~on to accelerate. Lender shall mail Borrow~er notice of acederation in accordanc~ wi~h
paragraph 14 hereot. Such notice shall provide a period of not less th~n 30 days from the date the notice is mailed within
which Borrower may pay Ihe sumc declared due. If Borrower lails to pay such sums prior to the eapintion of ~uch peric~d.
[.ender may, without turther no~~ce ~r cicmand nn Borrower. ~nvoke any remedies permit~ed by paragraph IR hereot.
NON-UNIFORM COVENANTS Borrower and Lender further tovenant and agree u follows:
ls. Actekrstao; Remedia. E:cep as provided ia pa~nph 17 bereot. opoe Sorrn~+ers beacA o~ any co~ea~t or
a~rcemest of eorro~+cr io this MortRs~e. includln~ tbe coreaants to psr w6ee due asy wa~s secured by th[s Mort~~e. I.eudc~
prbr lo ~ccekntbo shdl mail notice to Qorrower as prov{ded fp psra~raph 11 hereoi specNylo~: (t) tl~e brrich:1211he setbw
rcqnirtd to cnre soch bresch;l3) s d~te. not less thin 30 days irom the date the notke b maikd to Eorror-cr. by wAkh wcU
b~each must ee co~: -aod (~) IAst tsilu-e to crre srch breacM on or bcfore tbe dsle spcc~ied in Ihe notke mar ~ult i~
sccderation ot t6e sums secured 6y this MortRaRe. fo~eclowrr ~ judkid pwceediu~ s~d ssk o( tbc Propcrtr. Thc noliee
shall f~rtber intorm dorro~.er of tbe ri~ht lo niAStNe atler sccekrstios snd 1he ri~hl to as~eA ia the toreelosrrt Noctedi~
tbt soa~e:istence ot s defauM or sny Mher deten~t ot dorrower to ~cctkrstioe awd foteclosorr. If tAe bre~cl~ is nM er~+ta ow
or be/on the date specified ia the notice. Lender at I.endes's optio~ ~ dtclsre sll of the su~ws senr~ed by thls MoARaRe M be
imn~ediattly due and Psy~ble without further dtmand ~nd msy foretlost Mk Morfp~e 6y jodkW proceediaR. i.ender cbap
be eatiHed fo cdltel M sucb proceedi~ s0 e:penses nf foreclosrre. tnclndin~. brt aot Umiftd to. rtason~bk att•~rnev's fees.
aod costs of doc~~ae~fary evidence. abstracts and litk reports.
19. ~orrower's Rt~ht to Reinststt. Nolwilh~~and~n~t 1 ender's accelerat~on of the sums xcured by ~h~s Mortsaae.
Borrower shall have the right ~o have am prcxecd~n:c tx~.un by Le~der ~o enforce ~hn Mor~gagt dnconhnued a~ any time
~ 8l+.~.X J`t~ P! Gt ~J~
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