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I.ende~'s wnlten agrcement or appl~rabic low. Borrower shall pay the amount ot all m~hgage incurance premiums in the
manner pruv~drd under paragraph 2 hercot.
Any amoun~c d~~hunrd by 1 cn~ler pur~uam -o Ihis parag~aph 7, wi~h intcred thereon, shall become additional
in~khtednecc of Hurruvv~r ~ecund hy ~hi~ Mor~~;age. Unlec~ Bo~rower and 1 rnJer agree to otfieir tet'qtt of`payment, sueh
amountc ~hall he payahlc u{wm n~~tirr fmm I cnder to &~rn~wrr rcque~~ing payment therco(, and chall hear iMerest from the
drte of dicburument at the rate payahlc fmm time to time on outstanding principa) under thc Note unlesc payment of
interest at such nte would !+e cantrarv to applicable law, in which event a~ch amounts chall l~ear interest at the highest rate
permiuibk under applicable law. Nothing con~ained in this paragraph 7 shall require l.ende~ to incur any eape~se or take
any actio~ hercunder.
a. laspectio~. I.endcr may make ~r c~i~,c t~ t+e made reau~nable cnlries upon and inspectiot-s of the Property, provided
that I.ender shall give Borrower ni~hcr pri~~~ to any cuch inspection specifying rcuooabk cause thercfor related to Lender's
interest in the Prope-ty.
9. Conden~nstion, 'Il~e prcueedc of any award or claim for damages, direct o~ consoquential, in eonr~ection rvith any
condemnation or other taking of the Propeny, or pa~t thercof, or for conveyance in lieu ot condemnation. arc Aetrby assi6nod
and shall be paid to Lender.
In the event o[ a total taking of the Propeny. the proceeds chall be applied to the sums securod by this Mo~age.
with the escess, if any, paid to Borrower. Tn Ihe event of a partial taking of the Property, unlcss Borrower and Leoder
otherwix agroe in writing. therc shall be applied to the sums securcd by this Mongage such proportion of the proceeds
as is equal to that proportion w•hich ~he amoan~ of ~he sumc seciired by this Mortgage immediately prior to the date of
takiog bean to the fair market value of the Propcrty immediately prior to the date of taking, with the balance of the proceeds
paid to Borrowcr.
Tf the Propeny is ahandc-ned b}• Borrower. or if. af~er notice by i.ender to Borrc+wer that the condemnor offers to make
an award or uttle a claim for Jamaee~. B~~rrower f~il. to rec~nd to 1_ender within 30 days after the date such notite is
mailed. Lcnder ic authorized to collect arni apply ~he proceeds. at l~nder i option, eilher to ratontion or repair o[ the
Property or to the sum. ~ccured hy ~his Mortgage.
Unlesc I.ender and Borrower otherwi~c agrce in w~rit~ng. any such application of proceeds to principal shal) not exttnd
a~ pcxtpc~ne the due date of the monthly installments referred lo in parag~aphs 1 and 2 hercof or change the amount of
cuch installments.
10. Eorrow~e~ Not Reka~ed. Fx~ension of the time for payment or moditication of amortizalion of the sums socurcd
by tfiis Martgage granted by I.enJer to any cuccessor in intc~eu of Borrower shall not operate to rckase, in any manner.
thc liability of the original Borrower and Borrower'c succasars in interest. l.e~der shall not be nquired to commence
proceedings against such successor or refux to extend time for payment or otherwi'se modify amortizat~on ot the ~~~ms
secured by thic Mortgage hy rcason of any demand made by the oriqinal Borrower and Bor~ower s succ~ssan in imerecl.
11. Forbeannce by I.ende~ Not a Wdver. /-ny forhearance by [.ender in e!cercising any right or remedy herounder, or
etherwise afforded by applicabk law, shall not be a waiver of or preclude the exercise of any such right or remedy.
The prociirement of insurance Qr the payment of Iaxes or other liens or charges by I_ender shal) not be a waiver of Leode~'s
right to accelerate the maturity of the indebtedness cecurcd hy thit Mottgage.
12. Remedies Cumulathe. All rcmedia provid~d in this Mortgage are distinct and cumulative to any other right or
rcmedy under this Mortgage or atforded hy law ar equity. and may be eaercised concurrcntly. independently or succe3sively.
' 13. Srecessors sad Assi~ns dound:.7oint aod Streral I.isbitity; CapNons. The covenants and agreements herein
con~ained shall bind, and the riRhts hercunder shall inure to. the rcspective successc~rs and assigns of Lender aod Borrower.
subject to the provisionc of parag~aph 17 hereof. All coveiiants and agrcements of Borrower shal) be joiry and several.
The captions and headings of the paragraphs ~f Ihis Mongage are for convenience only and arc not to be uced to
interprct or define the provisions hereof.
11. NMke. Except for any notice required under applicable law~ to be given in anotl~er manner. (a) any notice to
BoROwer pr+ovided for in this Mortga¢e shall be given hy mailing such notice by certified mail addressed Io Borrower at
the PropeNy Addrcss or at such other addresc as Bc~rrower mav decignate by no~ice to I_ender as provided herein, and
(b) any notice to Lender shall he given by cer~ified mail. retum receipt requested. to [.ender s address suted herein or to
such other addrcss as Lender may deciq~ate by n~tice to Bo~rowcr as pro~•ided hercin. Any notice provided for in this
Mortgage shall be deemed to havc t-een g~ven to Bnrrower or l_ender when given in the manner designated hercin.
1S. Uoitorn~ Mort~sRe: Governin~ I.aw: Se~erability. Thic torm of mortgage combines uniform covenants for national
use and non-uniform covenaMc witb IimiteJ variations by jur~aiiction to constitute a uniform security instrument rnvering
real property. This Mortgage shall be govcrned by ~he law of the jurisdiction in which the Ikoperty is located. In the
event that any provision or claux of thic MoNgage or the Note conflic~s wi~h applicabk law, such conflict shall not affoet
other provisions of ~his Mortgage or the Nate wh~ch can be given efiect without the conflicting provicion, and to this
end the provisions of the Mortgage and ~he NMe are Jeclared to be severabk.
l6. dorrower's Copy. Borrower shall bc furni~hed a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Transfer of the Prope~lv: Assumplion. 1f all or any part of the Prupehy or an iotercst therein is sold or tnnsferred
by Borrower without Lender's prior wrin.n ~ancen~. excluding ia) the creation of a lien or encumbrance subordinatt to
this Mortgage. (bl the creatic+n of a pur~h~K manev ~ecurity mterest (or household appliances, (c) a ~ranafer hy devise.
descent or by operation of law~ upon the Jcath o( •r jo~m tenant or (dl the grant of any leaxhald intercst of thrcc ycars or kss
not containing an option to purchase. Lender may. at I.ender'~ optian, declare all the sums secured by this Mortgage to be
immediately due 3nd payable. l.cnder chall have Ma~~ed such option to a~cclerate if, prior to Ihe cak or transter. Lender
and the person lo whom the Properly ic t~• t+c .oIJ or transferred reach agre~ment in writing that the credi~ ot auch perxon
is satisfactory to I.ender and ~hat the in~cr~.~ pa~able on the sums secured by this Mortgage shall be at such rote ac Lende~
shall requesl_ lf Lender has waived the op~ion to accelerate provided in this paragraph 17, and if Borroweri successor in
interat has executed a wrrt~en assumpuon agretment accep~ed in wri~ing by Lender, Lender shall release Borrower from al)
obligations under this Mortgage and the Note.
If Lender ezercixs such option t~ accelera~e. t.e~der ch~ll mail Borrower notice of acceleration in accordanc~ u i~h
paragnph 14 hereof_ Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay tht sums declared due. It Borrower tails to pay such sums prior to the eapiration of cuch peric~d.
Lender may, without (urther notice or ckmand on Borrower. mvoke any remedia permitted by paragnph IR hereof.
NOIM-UNIFORM COVEI~ANTS Borrower and Lender (urther covenant and asree u follows:
I8. Accekrstiou: Remedia. E:cept as provided io pan~n~M 1~ Uen~of. ~ ionowers breacl~ ot ssy co•ena~t or
a~reemest of dorrower In tbis Mort~a~e. includin~ Ihe toveaaMs to wy .+~. a~ .py ~~ x~~«a br ~tir~ ~toN~.Ra f.tader
prbr lo accekrsHoe shdl mall notice to dorror-er as prorWed ie p:n~nph 1~ hcrcot speclfylu=: (1) tbe bre~ch:121 ~he setbn
reqnlred fo care sech ereacb;l3) s date. aot less tAan 30 dsys fwm the dMe the notke [s a~~Iled to dorrower. by whkh sec~
b~escb must be cered: asd N) tAat tajlurr lo crre srch bre~c~ on or before ~bc dale specised ie the notke nuy resdlt i~
accekrstiow ot tYe sems ucared by this MortRaRe. taeebsure br judklal ~roceedl~ ~nd sak ot tbe Propertr. 7Ue notiee
shaU forthcr iatorm eorrower of the ri~bt to rcinshte stlcr accekrstio~ aed tbe ri~l~t b assert iw il~e toreclosrre ~ceedl~
tbe aon-eiislence ot s detsuN or any othe~ dctena o1 eorrower to accclcMion sud toreelosrre. 1/ the A~e~cA is not crrta o~
or before the dsle specified ia the notice. Lende~ a~ l.rnde~'s opbw mar derlare sl! ot d~e s~~as setrnd by tl~b Mort~e to be
immediattly d~e and psyabk withoul turthcr dcm~nd and mar totst{ose Mk Morl=a~e by jrdicW proteediuR. I.endc- shall
be eetided !o collect ie srcM proceedin~ all e:penses nf forecbsoro. inclodf~. brt ~ot Ymited to. nasonaDk sta~rnev's fees.
awa eosts of aocrn~edary e~ideece. abstrac~s and ~ille reports.
19. Dorrowe~'s Ri~At to Reiustste. Nolwith~~rnding 1 ender s acceleration of the sums ucured by tA~s Mongaae.
Borrower shall havt the right to have an} prc~c~rdine: hrf~in b~ Lender to en(arct Ih~~ Mortgaqc d~sconlmueJ a~ any time
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