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I.ender'c writtcn agn;rmFnt or applirabk Iaw. Bonower shall pay ~he amount at all mongage i~curance prcmiums in the
mannrr p~uvid«I w:der paragraph 2 hercot•. '
Any amounts di~hurscd by I.cnder pur.uant ~i~ this pa~agraph 7, whh inlercst thereon, shall bccomc additianal
~ndchtcdnc~c uf Fiurruwcr ~ccurcd hy thi. M~~r~gagc. Unk~c Borrowcr and I.enJer agrce ta other tepnc ot payment, such
amountc ~hall hc payahlc u~+on nu~icr from I.rnde~ to Borrowrr rcquec~ing paymen~ thereof, and shall hear iMerest trom the
date of dichursemcnt at thc ratc payable In•m time to time cM autstanding p~incipal under ~he Note unless psyment of
interest at such nte wauld I+e contran ~o :~pplicable law, in which event such amounts shall hear interesl at the highest rate
permiuibk under applicable law_ Ncithing rc-ntaincd ~n Ihis paragraph 7 shall rcquirc I.ender lo incur ~ny expense or take
any action hercur~der. '
a. laspectioa. 1.ender may make or cauu to he made rcau-nabk entries upon and inspections of the Property. provided
that l.ende~ shall give Borrower nolicr p~i~~r ~~ any si~ch iospec~ian specifyina rcasonabk caust thetefor rclated to Lrnder's
intercst in the Property.
9. Condemealion. The proceedc of any award or claim for damaga, dircet or rnnsequential, in eonnection ~vith any
condemnation o~ other laking of the Propeny, or paR thercof, or fo~ conveyance in lieu of condemnation. are hereby assianed
and shall be paid to Lender.
in the event of a tolal taking of the Propeny, the proceeds shall be applied to the sums securcd by tfiis Motiaa~e,
with the excess, if aay, paid lo Borrowe~. in ~he event of a panial taking of the Property, unless Borrower and Leode~
otherwise agroe io writing. there shall be applied to the sums securcd by this Mortgage such proportion of the pr~ooeeds
as is equal to that proportion w~hich the amounl o( the sumc secured by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Propc~ty immediately prior ~o the date of taking, with the balance of the proceeds
paid to Borrower.
if the Propeny is ahandoned by Bc-rrower. or if. af~er notice by I.ender to Borrower that the co~demnor oRen to mate
an award or uttle a claim for dama¢es. Bc-~rc•wer fail~ to respc~nd to l.ender within 30 days after the da~e such notice is
mailed. Lender ic authorized to collect and apply ~he proceeds, at 1_ender's option, eilher to restoratio~ or ttpair of the
Proptrty or to ~he sum~ cccured M• ~his Mnrt~age.
Unless I.ender and Borrowe~ othenvi~c agree in w•ritmg. any such application of proceeds to principal shall not exte~d
o~ poc~pone the due da~e of the monthlv installments rcferred to in paraRraph~ 1 and 2 hereof or change the amount of
such installmcnts.
10. Borrower Not Rek~sed. Fxtension of Ihe time for payment or mc~dification of amc+rtization of the sums sxured
by this Mortgage gnnted by I ender to any cuccessor in interect of Borrower shall not opente to rekase. in any manner.
the liability of the original Borrower and Bc~rrower'c successorc in interest. i_ender shall not be requirtd to commence
proccedings against such sucressa~ or rcfux to ertend Iime for payment or otherwiu modify amortizat~on of the ~ums
xcured by thic Mortgage by reason o( any demand made by the oriqinal Borrower and Bor~ower s successors in interec~.
tl. Forbearance by I.ender Not s Wdve~. llny forhearance by i_endtr in eiercising eny right or remedy hercunder, or
othenvise afforded hy applicahle law, shall nc~t be a waiver of ar preclude the exercise of any such right or ranody.
The procurement of insurance pr Ihe payment of taaes or other liens or charges by I_ender shall not be a waiver of Lender's
right to accelerate the maturity of the indehtedness cecurcd hy thic Mortgage.
l2. Remedies Cumulati~e. All rcmedies pravided in this Mortgage arc distinct and cumulative to any other right or
rcmedy unde~ this Mortgage or aBordcd hy law or equity, and may be eaercised ccx~currcntly. independently or successively_
' 13. Srceessors snd Assi~ss doond; Joiet sad Several I.iabiNty; Csptlons. The covenants and agreements herein
contained shall bind, and the riRhts hercunder shall inure to. the respective succecsors and assigns of Lender a[~d Borrower.
subject to the provisionc af paragraph 17 hereof. All covenants and agreeme~ts of Borrower shall be joiry and sevenl.
The captions and headings of the paragraphc ot this Mortgage arc for convenience only and ate not to be uad to
interprct or define the provisions hereof.
1~. NMice. Except for any notice rcquired under applicable law to be given in another manner. (a1 any notice to
Borrower Provided for in this Mortga¢e shall be given by mailing such notice by certifled mail addressed to Borrovrer at
~he Property Address or at such dher ~ddresc as Borrower mav designate by no~ice to f_ender as provided herein, snd
(l~) any notice to Lender shall he given by certified mail. return receipt requested. to I.ender s address stated hercin or to
such other address as Lender may deciqnate by n~~ice to Borrower as pro~~ided herein. Any notice pmvided tor in this
Mortgage shall be deemed to havc t+een given to Borrower or I_ender when given in the manner designated hercin.
1S. Unitorm MortRa~e; Governin~ I.aw: Sev~-sbilily. This form of mortgage combines uniform covtnants tor national
use and non-uniform covenantc with limited variations h~• junsdiction to constitute a uniform securi[y instrument coverin6
rca) properly. This Mortgage shall be governed hy Ihe law• of the jurisdiclion in which the Property is located. in tht
evtnt that any provision or clau~e of thic Mortgage or ~he Note conflicts with applicabk law, such conflict shaq nd affeet
o~her provisions of this Mortgage or ~he Notr which can be given effec~ without the conRic~ing provicion, and to this
end the provisions t~f the Mortgage and ~he Nc~te arc Jeclared to he severable.
16. Sorrowe~'s Copy. Borrowtr shall bc furni~hed a contormcd copy of the Note and of this Mortgage at the time
of execution or after recordation hereot.
17. Tnnsfer of tbe Propertr: Assump~ion. I! all or any part oi the Property or an interest therein ic sold or traosferred
by Borrower without I~nder's prior wrin.n ~onsent. excluding tal the crcation of a lien or encumbnnce subordinate to
this Mortgage. (b) the creat~on of :- ~~.~n:,~ m~•nr~~ ucurily mterest for household appliances, (e) a trancfer hy devist,
descent or by aperation of law• upon ~hc Jcath o( -r jo~o~ tenant or (dl the grant of any leasehold intercst of thrcc ycars or kss
not containing an option to purchax. l.ender ma~~. -rt I.ender't opt~on, declare all the sums secured by this Mortgage to be
immediately due and payable. t.ender chall h~.e w;,~~•ed such opt~on to accrle~ate ~f, prior to the ~ale or transfer. Lender
and the person ~a whom the Proper~y ic ~u !,e .oIJ ~r transferred. reach agrecment in writing that the credit nf euch petxon
is satisfactory to I.enJer and th~t the in~crr.t payable on the sums secured by this Mortgage shall be at such ro~e ac Lender
shall request. If !_ender has waived the op~ion to accelerate provided in ~his paragraph 17, and if Borrower'> >uceessor in
interest has executed a written assumpuon agreement accepted in wri~ing by Lencier, Lender shall release Borrower from all
obligations under this Mortgage and the No~e.
If Lender exercises such option ~o accelera~e. LenJer ~hall mail Borrower notiee of atceleration in accordancr N ith
paragraph 14 hereof. Such no~ice shall provide a period of not las than 30 days (rom ~he date the notice is mailed within
which Sorrower may pay the sumc declared due. It Borrower fails ~o pay such sums prior to the eapintion of ~uch pericd.
L.ender may, without further notice ~r dcmand on Borrower. invoke any remedia permitted by paragnph I R hercof.
Nox•UN~FOpM Covey~rvTS. Borrower and Lender turther covenant and a~ree u follows: -
18. Accekrstion: Remedies. Except as provided ie para~rsph 1'7 bertof. ~. sa.~•.~r: ~w or .Ay ro.~..^~ o~
a~reemewt ot Eorrowcr ia this MortRsRe. includi~ tbe co~easMS lo psy when due ~ay sams secund ~ tbis MorlR~c. Lendet
prior to accekrsHoa shdl miit nolice to dorrower as Provfded Is para~raph 14 hereof specHyins: (1) tAe brc~ch: (21 ~Ae sctbw
~+equlrrd to core soch bresch; 13) a dste. aol kss tAan 30 dsys fmn~ ti~e dste the notke M a~aNed to eorrorrer. A~ wAk6 sucM
b~esch mwt be cnrcd; sad (4) Ihat failure to crre srch breacb ow or bc(ore the dale specilied fA 1Ae notke may resril i~
sccek~ioe ot tbe soms secured sy ~hk Mort~s~e. 1o.ecbsure br judklal ~roceed~ ana sde ot tbe Pro~~ry. The wetke
shall turiher in~orm Eorror.er of tbe riRM to rci~stste s(ter accekratiow ~wd the ri~6t lo a~scrt h the /weclosree Noceedi~
tbt aon-existence d s detsuk or anr olher dtfena ot Qorrowet lo ~ctekrslbn awd lorttlostire. it tbe br~e~ is ~ot eseea o~
or before the date specified ia the notice. Lender al l.ender's optio~ ~ deelare ~ 01 the sr~s seet~ed 6y tbis MortRaRe M be
immedi~tely due snd psrabk withaul turthcr demand ~nd n~sy torecbse Mk Mo~a~e ~ jodkW -roeeedhK. i.~n'er chap
be eotitled lo colleet M sucb proeeedinR ap expenses of fonclosrre. incl~die~. bnt ~ot BmiteA to. r'tatouabk stl•~rneY's fees.
aed casts o~ doc~mcstary evidcncc. sbstrsc~s snd lilk nports.
19. donowe~'s Rl~ht to Reinstate. Notw~th.tand~ng 1 ender's accelera~~an of the sums ucured by th~s Mongage.
Borrower shall have the nght to have an~ proce~dmec br~a~n by Lender to enfotct ~hn M~r~gage discontmucd at an} ame
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