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(.cnckr's wnttcn agrcemcn~ or applicable law. Borrowtr shall pay ~he amuun~ o( all monRage in~u~ance prcmiums in the
ma~nrr prc~vidcd under parag~aph 2 herco(. ~
/1ny am~~unts di~bur~cd by I.endcr purcuaot to this paragraph++~1, wi~h uucrcc~ ~hercop, 3~ ~ll,lpc9~ additia~al
indcMednc~c of Hor~uwcr ~cccurcd by thi~ MongaRc Unlc.c Rorrow•cr and 1 rnJer agrec ~o othci tcrmt c~( payment, such
am~unh ~hall hc payaMc u~x~n n~~tirr from I.cnde~ to (iurrov-•rr rcyuccling paymem ~hcrcut. aod chall hear intcrest trom tht
datc af dicbu~cement at ~he ra~c payahlc frc~m timc ta ~ime ~~n ao~ctanding principal under thc Notc unlesc payment of
interes~ at such rate wou1J be cantrarv to applicabte 1-rw. in whirh event ~uch amoun~s chall hcar interest at the highect nte
permissibk under applicabk law. N~~thing can~aineJ in ~hi~ paragraph 7 chall ~equire I.ender ta incur any eapense or take
any action hereu~der.
s• Iwspectioa. I.ender may make or ca+„r to he made rca~nable enlriec u~n and i~spections of the Property. pmvided
that t.ender shall give Borrawer no~ice priur to any ~uch inspeclian specitying reasonabk cause therctor rtlatod to Lender's
interest in the Ptopehy.
9. Cosdemwatba. The pre~ceedc of any award or claim fvr damages. direct or cooseque~tial, in coanoction ~-i1h any
condemnation or dher taking ot the P~operiy, or patt thercof, or for conveyance in lieu of condemnation, ue hettby assianod
and shall be paid to Lende~.
in the event of a total taking of the Property. the proceeds chall be applied to the sums secured by this Mortaage.
with the excess, if any, paid to Borrowe~. in thc event ~f a partial taking of the P~openy, unless Borrower aod Leoder
aherwise agree in writinR. there shall be applied to the sums secured by this Mortgage such proportion of the procoeds
as is equa) to that proportion w•hich ~he amount of the sumc ucured by this Morigage immediattly priar to the date of
taking bears to the fair market value of the Propcrty immediately prior to the date ot taking, with the balance of the proceeds
paid to Borrow2t.
If the Properly is ahandoned by Bor~ovrcr. o~ if. after nolic~ by I.endtr to BoROwer that tht condemnor offen to maite
an award or utUe a claim for damages. Borrower fa~l. ~o respond to l_ender v-ithin in days aher the date such notice is
mailM. 1_ender ic aiNhorized to collect and apply the procecds. at I.ender's option, either to ratontion or repair of ihe
Pro~erty or to the sumt cccured M• thi~ Moriga1ze.
Unlesc [_ender and Borrower otherwice agree in w~ritinc. any such application of praceeds to principal shal) not extend
ar postpone the due date of the monthly installments referred to in paragraphc 1 and 2 hsreof or change the amount of
such inslallments.
16. Borrower Not Rekased. Extension of the time t~r payment ar modification ot amortization of the sums securcd
by this Mortgage granted by [.ender to any cuccecsor in interect of Borrower ~hall nat operate to release, in any maoner.
the liability of the original Borrower and Bc-rrower'c succesu-n in interest. l.ender shall not be rcquircd to eommence
proceedings against such successor or refux to ettenJ timc for payment or othervvise modify amorlizat~on o( the sums
secured by thic Mortgage hy rcason of any demand made b~• the oriqinal BoROwer and Borrower s successon in interect.
' 11. For6eannce by I.ende~ Not a Wdver. Any forhearanc~ by l.ender in exercising any right or rcmedy hercunder, or
otherwise afTordeci by applicable law. shall nM lu a waivtr of or preclude ~he exerciu of any such right or temedy.
The pronirement of insurance Qr the payment ot taaes or other liens or chargec by I_ender shall nd t~e a waiver of Lenders
right la accelerate the maturity of the indehledntss ~ecurcd hy this Martgage.
12. Re~nedies ComuWi~e. All remedia pravided in this Mortgage arc distinct and cumulative to any o~her right or
rcmedy unde~ thic Mortgage or aftorded hy law or equily. and may be exerciud concurrcntly, independently or successively.
' 13. S~ccessors aad Assi~ns Sound:.Joiat and Several i.isM'liry; Csptbns. The covenants and agreements herein
contained shall bind, and ~he riRhts hercuader shall inure to. the rcspec~ive succetsors and assigns of Lender aod Bonower.
subject to the provisionc ot paragraph 17 hereof. All covcnants and agre~ments of Borrower shall be joiry and several_
The captions and headings of the paragraphc of ~hic Mongage are for convenience only and arc nol 1o be ined to
interprct or define the provisions herec+f_
14. NWke. Excep! for any notice required under applicable law to be given in anothtr manner, (a) any notice to
Borrower provided (or in this Mortga¢e shall be giv~n hy mailing such notice by certiBed mail addressed to Borrower at
Ihe PropeAy Address or at such wher addresc as Borrc-wer mav decignate by no~ice to I.ender as provided herein, and
(b) any notice to Lender shall he given by certified ma~l. return receipt requccted. to [ ~nder s address stated hercin or to
such other addrcss as Lender may decignate M• nc-tice to Borrower as pro~•ided herein. Any notice provided for in this
Mortgage shall be deemed to havc l~een g~ven ~o Be~rrox~er or I_ender vvhen given in the manner decignated herein.
1S. Uniform MotlRa~e: CoverninR Law: Sererabilily. This form ot mortgage combines ~miform covenants for national
use and non-uniform covenants with IimiteJ variations h~ jurisJ~ction to constitute a unifernn security instrument coverins
rcal property. This Mortgage shall be governed hy ~he law~ of the jurisdiction in which the Property is located. In the
event that any provision or clause of thic Mortgage ~r the Note conflicts with applicable law, such conflict shall not affeet
other provisions of this Mongage or Ihe Notc wh~ch can be g~ven efiect without the conflicling provicion, and to this
end the provisions of the Mortgage and the '~IMc arc Jeclared to t-e severable.
16. Eorrower's Copy. Borrower shall be (urni~hed a conformed copy of the Note and of this Morigage at the time
of execulion or after rccordation hereof_
17. Trausfe~ ot the Propeirtv: Assumption. I( all or any part of the Pmperty or an interest thercin ic sold or tnnsferred
by Borrower without Lender's prior wnt~~n ~unsent. ercluding la) the creation ot a lien or encumbnnce subordinate to
this Mongage. (bl the creat~on of a purchacc m~ne~• ~ecurity interest for household apPliances, fe) a t~anc(er hy devise,
descent or by operation of law• upon the Jeath of a j~.~n~ tenant or (d~ the gram of any leasthold intercst of ~hrcc ycars or kss
not containing an option to purchase. l.ender ma~. a1 I.ender'~ option. decl,,re all the sums secured by this Mortgagt to bt
immediately due and payable. [_ender ~hall have w:~~ved such option to acc~lerate i(, prior to the cale or Iransfe~. Lender
and the person to whom the Property ic a~ t-e :oIJ or ~ranskrred reach ~grerment in writing that the credit of auch person
is satisfactory to Lender and that ~he imerr.i payable on ~he sums secured by ~his Mortgage shatl be at such ~ate a~ Lender
shall rcquest. If [_ender has waived the op~ion to accelerate provided in this paragraph 17, and if Bo~rower ~ successor in
interest has exuuted a written assump~ion agreement accepttd in wriung by Lender. Lender shall release Borrower fnun all
obligations under this Mortgage and the No~t.
If I_ender exercises such option to accelera~e. I.enJer ~hall mail Borrower notice of acceleration in accordanc. with
paragraph 14 hereof. Such notice shall providt a period ot no~ less than 30 days from tht date the notice is mailed wi~hin
which Borrower may pay the sums declared due. I( Borrower fails ~o pay such sums prior to Ihe expiration of cuch period.
Lende~ may, with~ul (urther no~ice or dcmand on 13orrower. ~nvoke any remediu permitted by paragraph IR hereot.
Norv-Utv~FORtit CoveNeNTS. Borrower and ~ender further covenant and a`ree u tollows:
ls. Accekrstion; Rcrnedia. B:cep as provi~ed ia p~~npb 1~ Uereof. e~. sa.n..~r: ~~ or ..y ~o.~~w~ o~
a~reemest of Eorroaer lw tAis MortRaRe. lncludin~ We cosewants fo pay r-bca due any snms sec~rcd ~y Ihis Mor/Rs~t. i.ender
ptb~ to sccekntioa shall mail sotfce to dorrower as provided in para~rsph 14 bereof specNyiu~: (1) tAe brcicA: (2) the setbn
rcquired to core wcb bresch; (~) a d~te. not ksa tbsn 30 dsys tron~ tAe dNe tbe notke b msikd to Eorror•er. ~ wAkh srcw
b~esch iomt be cnred: aad (~) thst tail~n lo ern s~cb erescM ow or Scfore ~he dNe speeified in Ihe uo~ke iway resdt h
accekratan ot t6e sews secored Sy this MorlRaRe. /aeclos~rr br judkial ~roceedf~ ana ssle ot IAc rwperty. 7Le nolke
shdl further iaforn~ dorrower ot tbe riRbt to rei~slste af~er accckrnion and tbe riRbt to asseA i~ tbt toreelosrre ~oceeaM~
t6e aon-e:astencc o1 a detsuk or aay otber dcfen~t ot eoROwer lo ~ccekrstbn and fonclosnrc. It tbe bnscl~ b nM cerea o~
or betore Ihc date sOeci6ed ja tbe notice. l.ende~ at I.end~r's optios ~way dedare al{ ot fbe sun~s secrr'e~ !y tAis MortRaRe to be
immedistely due and p~yabk withoul tnrther dem~nd and niar torecbse Mis Mart~a~e ~y jrdkW Noceedhqt. I.ender shaq
be eatitled to colket M srcM proceediwR sll e~PenKS nf foteclosure. fncludi~. Mit aot Ymiled to. re~soesele a(~.,rwer's ftes.
aad cosLs of doc~me~tary eridenee. ~bstrac~s and Ii~k nports.
19. dorronels Ri`At lo ReiostNe. Nolwilh~landing 1 tncler's accelerat~on ot the sums ucured by th~s Mort~age.
Borrower shall have the righ~ ~o ha~e an~ prcxccd~nc: hr f~~n b~ Lendtr t~ cn(~rce th~- M~ngaqe dncon~~nued at ~ny hme
an~x 345 pacE 239?
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