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l.enJrt'c wntten agrecmen~ or applicahle lew. Borrowe~ shall pay thr amaun~ at all mortgage incurance prcmiums in the
mannr~ pruvidrd under pa~agraph 2 hercof.
Any amounh di~burscd by I.~ndc~ pur~uaol tu this paragraph 7, whh interest Ihe~ton. th~illbecome additiona)
inJcbtednc~c uf liurrowc~ ~ccund by Ih~c Mor~gagc. Unle.s Borrawcr anJ LcnJcr agree M oihcr tennc of paymenl, such
amountc tihall he payahle ii~+c~n n~~tice fmm I.ender to Borrowc~ requcs~ing payment thercat, and ~hal) hear interest trom the
datc of di~bur~cmcnt at the ratc pavahle (mm lime to time un outstanding principa) under Ihe Note unlest payment of
interest at such rale wauld !+e conlrarv ~o applicable law, in which event a~ch amounls shall bear interest at Ihe hiahest nte
permissibk under applicablc law. N~~thing comained ~n Ihic pa~agraph ~ shall rcquirc i.ender to incu~ any expe~se or take
any action he~eunder.
S. Isspectioa. I.ender may m:~ke ~~r ca~~u to he made reaumable entriec u~n aod inspections ot the Property. provided
thal l.ender shall give &~~~uwer rn~t~cr pri~-r 1~ any u~ch inspection specifyin~ reasontbk cause therefor t~latod to l.ender's
~nterest in the P~openy.
9. Coademnation. The proccedc of any award or claim for damaga, dircct or consequential, in connectio~ writh any
condemnation or dher taking of the P~operty, or part tAereof, or tor conveyance in lieu ot condemnation. ate heteby assiaoed
and shall be paid to Lender.
in the event of a tot~l taking of the Propeny, the proceeds shall be appliai to the sums securcd by this Mat~aae,
with the excess, if a~y, paid to Borrower. In thc event of a partial taking of tlie Property, unless Bornower a~d I.ende~
otherwix ag~ce in wriling. therc shall Ue applied to Ihe sums securcd by lhis Mortgage such proportioo of the prooteds
as is equal to that propotlion w•hich Ihe amount of the sumc secored by this Morigagt immediately priar to the datt of
taking txars to Ihe fair market value of thc Propcr~y immediately prior to the date ot taking, with the balaoce of the proceeds
paid to Bormwer.
lf the Property it abandoneJ hy Bor~ov-•er, or if. a(ter notice by l.ender to Bormwer that the condemnor oBen to mdce
an aw•rrd ~r ut~le a claim for damage~. Bormwer f~il. ro respond to Lender wi~hin 30 days after the date such notice is
mailed. I_ender ic aulhorizrd to collect and apply ihe proceeds, at I.ender's option, either to restontion or ~epair of the
ProF+er~y o- to Ihe cum~ ucured by thi~ Mongage.
Unlesc I.ender and Barrower othcnvi~e agree in v-•rit~nF. any such application of proceeds to principal shall not extend
or ~xxtpc~ne ~he due date of the monthly insiallmcnts referred to in paragraphc 1 and 2 hereof or change the amount ot
such inslallments.
10. BoROwe~ Not Rekzsed. ~xtension of the time for payment or modification of amortization ot the sums securcd
by this Mangage granted bv I_ender 1~ any cuccecsc~r in interect ot Borrower ~hall not operate to rckau, in any manner.
the liability of the original Borrawer and Borrower's soccessorc in intercst. i.ender shall not be rcquired to commenct
proceedings againct sueh successar or rcfux lo eYtend time for payment or otherwice modify amortizat~on of the sums
secured hy ~hia Mortgage by reason ot any demand made by the oriqinal Borrower and Borrowers successon in inlercct.
11. Forbesnnce by I.ender Not a Wairer, Any fothea~ance by l.ender in exercising any right or rem~dy hercunde~; or
otherwise aBorded by applicahle law, shall ne~t b~ a waiver of or preclude ~he exercise of any cuch right or remedy.
The procorement of insurance or the payment of taxes or other liens or charges by l.ender shall not he a waive~ of Lender's
right to accelerate the maturity of the indehtednets cecurcd hy thic Mortgage.
12. Remedies ComulsH~e. All rcmedies pmvided in this Mortgage arc distinct and cumulative to any other riaht or
remedy under this Mortg~ge or afforded by law or equity, and may be exerciud concurrc~tly. independenlly or successively.
~ 13• Successoa and Assi~os Bound: Jdsl aad Sereral i.iabilify; Captbns. The coveoants and agreements herein
contained shall bind, and the riRhts hercunder shall inorc to. the respective successon and assigns of Lender aod Borrower.
subject to the pravisionc of paragraph 17 hereof_ All covenants and agreements of Borrower shall be joiry and sevenl.
The captions and headings of Ihe paragraphc of thic Mortgage are for convenience only and arc not to be uced to
interpret or de6ne the provicions hereof.
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrowe~ provided tor in this Mortga¢e shall tx given hy mailing such notice by certifted mail addressed to Borrower at
the Property Addrets or at such dhcr addresc as Borrower mav dcsignatt by ~o~ice to i.ender as provided herein. and
(bl any notice to Lender shall he given hy certified mail. return receipt requected. to t.ender's address stated herein or to
cuch other address as I.ender m~y de~i¢nate by notice to Borrower as provided hercin. Any notice provided for in this
Mongage shall be d~emed ~o have becn g~ven to Borrower or I.ender when give~ in the manner decignated herein.
1S. Unitorm NoriRa~e; Governin~ Law; Severability. This fo~m of mongage combin~s uniform covenants for national
use and non-uniform covenantc with IimiteJ variations hy jurisdiction to constitute a uniform stcurity instrument coverin`
rca) property. Thic Mortgage shall be governed hv the law of ~he jurisdiction in which the Property is located. In the
event that any provision or clau~e of thic Mortgage e.r ihe Note conflicts with applicable law, such conflict shall not a}teet
o~her prov~sions of ~his Mongage or the Note wh~ch can be given efiect wi~hout the conflicling provicion, and to this
end the provisions of the Mortgage and ~hc 'Vote are Jeclared to t+e severable.
16. Eorrower's Copy. Borrower chall be furni~hed a conformed copy of the Nott aod of this Mortgage at the time
of eaecution or af~er recordation hereof.
17. Transfer ot the Propeirfy: Assumplion. If all or any pan of the Property or an inttrcst thercin is sold or tnnsferred
by Borrower w~thout Lender's prior wrin~ n ronsent. excluding (al the creation of a lien or encumbranc~ subordinate to
this Mortgage. (b! the creat~on of a purch~cr m~•nevi cecurity inte~est for household appliances, fe) a trancfer hy devise.
descent or by operation of law~ upon the Jcalh of a j~.~~t tenant or (dl the grant of any leasehold intercst of thrcc ycars or kss
not containing an option to purchase. l.enekr may, a~ 1_ender'c opt~on, decl:.re all ~he sums secured by this Mortgage to be
~mmediately due and payable. Lcnder ~hall h~ve w,,~ved such option ~o ~rcrlerate if. prior to the cale or transfer. Lender
and the person to whom the Property i, tu bc .~~IJ or transferred reach agrermeM in writing that the credi~ of such person
~s satisfactory to LenJer and Ihat the interr.~ pa~~able on the sums secured by this Mortgagt shall be at such rate ac Lender
shall request. If l.ender has waived the op~~on to acceler~~e provided in this paragraph 17, and if Borrower's suceetsor io
interest hac ezecuted a wntten assump~ion agrcemrm accepted in writing by i~nder. Lender shall release Borrower from all
obligat~ons under this Mortgage and the Note.
1t Lender exercises such opt~on ~~ accelera~e. I.e~Je~ chall mail Borrower notice of acceleration in accordanc~ ~~i~h
paragraph 14 hereof. Such not~ce ~hall prov,de a period of not less than 30 days from Ihe date the no~ice is mailed within
which 3orrower may pay the sumx declared due. I( Borrov-er fails to pay such sums prior to the expintion of cuch perie~d.
Lender may, w~~hout turther not~cc or dcmand on kiorrower, invoke any remedies permitted by paragraph IR hercof.
NON-UNIFORM COVENANTS Borrower and Lender (urther covenant and agree u follows:
la. Accelerslion; Remedia. E~cep as provided is psra~rapb 17 hereof. opoe ~orrowePs b+cscM ot a~y cove~aaf or
a~retment of dorrower in this MortRa~e. inctudin~ tbe co~enaMs to pay wben due awy soms secured br tbk MoN~s~e. I.enAer
prior to accclentbn sAall mail notice to 6onower as providcd ia para~rapA 141~treo~ specHyin~: (1) tbe brr~cb:121 ~he sefiow
required to corc such breach; 1~) s date. not kss tban 30 dsys trom tbe dsle the notke [s maikd to dorrower. A~ ..hkh wc~
b~each mu~R be cnred: and (11 Ihst failurr to cure wcA bresca ow or befoe~e Ihe dMe specf6ed iA tAe wotke wur eesah h
•ecekntion ot tbe snms secured Ay this Mort~aRe. foreclowro y~ judkial proeeedi~ and sde ot tAe rro~e~. The iwtiet
shaN further inform Eorrov.er ot the riRht to rei~stafe after accckntbn snd Ihe ri~bl b a~eA iw tbe tonclosrre'toceedi~
tbe non-existence ot a dt(suM or any Whtr detenst o/ eorrower to ~cttkrstiow ~wd fonelos~re. 1/ tbc brrsc~ b wot c~ ow
or before the date specified io Ihe notice. Lender al I.ender's optiow ~ declare sll ot the s~nu ~enred br tUls MortRa~e M be
immediately dut snd parablt r-ithout fuAher demand ~nd may foreclost Mis Mo~a~e by jedicW N+uetedluR. I.ender sAap
be eotitkd /o coilect !n weh proeeedin~ all e:penses of foreclosorr. Includin~. bnt sot Ymitea to. rtawusMt stl~,rneti's ftes.
and cosfs ot doc~rutnhry evidence. abstrscts ind ~i11e reports.
19. dorrower's Ri~ht to Reinstate. Nolwith~trnd~ng 1 tnder's acctlerat~on of Ihe sums ucured by ~h~s Mortgaae.
Borrower shall have the righ~ to have an} prcxe~d~nr. hr~,un b~ Lcnder lo enforct Ih~ti M~rtgaqe dnconhnueJ ~~ an~ ~dmt
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~ ar~ix,,45 PaCtz4~z
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