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I.enJrt'z wriUcn agreemco~ or apphrable law. Ho~rower shall pay thr amuunt <~t all m~~ngage im~uanre pnmiums in the
man~rr pruv~dc~i under paragraph 2 hcreot. . .
Any amoun~c di~hurxrd by I.cndcr pur~uam ~u Ihis par.~Kraph 7, w~~h uurrrct ihcreon, chall bccomc add~tianal
ind~b~cJnr~ti ut NurruNr~ ucund hy ~hi~ Mor~~;age Unle~~ Hurruwcr anJ 1 r~.lei aRrcc to Mhrr tcrm~ i~f payment, tuch
am~aint~ ~hall hc pa~~aMc u~x~n nuticc fn,m 1 cndc~ ~u Burruwrr rcyue~ting ~~aymrnl thercuf. aA8 Shall hear inleresl from the
da~e of dichurument at ~he ratr payaMc fn,m timc to hme un rnitslandinR principal under the Note unlecs payment of
interesl at such rate wa~dJ he contrarv U- applicable law, in whirh evcm ~uch amoimtc ~hall Fxa~ interect at the highest rate
permiuibk undcr applicable law. N~ilhing c~~nlained m ~hic parag~aph 7~hall rey~nrr 1 rnder to incur any expense or take
any action hcrcunder.
S• lospecfioa. I.cnde~ may make ~•r cau.c t.• Fx made rcaconabk cn~rie~ u{x~n and insp~ctions of the Araperty, provided
that I.ender shal) give &irrower n~~Uc~ priur tu any ~uch inspection ~ptcifying reasanabk cause therefor rtlated to Lendt~'s
interest in the P~operty.
9. Coodemaatioe. Thc proccedc o( any award or claim fo~ damages, direc~ or consequential, in connection with any
condemnalion or other taking ot the Property, or part thereof, or for ccx~veyance in lieu af condemnation, are hereby assigned
a~d shall be paid to I.ender.
1n the eveot of a tot~l taking of the Proper~y. the proceeJs ahall be applieJ to the sums securcd by this MoK~age,
with the ezcess, if any, paid to Borrowe~. In ~hc eveot of a partial taking of the Pra~rty, unlcss Borrower and Lender
o~herwise agra in writinR. there shall he applied to the cumt secured by this Mongage ~uch pro~rtian ot the procteds
as is equal to that p-opoNion w•hich ~he amou~t of the sumc securcd Ay thit Mortgage immediately p~ior ta the date of
taking bcan to the (air market value af ~hc Properiy ~mmcdiatcly priar ta the date o( ~aking, with the balance of the proceeds
paid to Borrowe~.
If iht Property ic ahand~neJ bv Bnrrower. c.r if after nntice hy l.ender t~ Borrower Ihat the condemnor ofien to make
an aw•~rd or cetlle a ctaim for damacc~. B~~rmwer fa~l. t~. rc<<+c.nd to Lender within 30 days afler the dale such natice is
mailed. 1_ender i~ aothori~ed to collect and apply ~he prc~ceedc. at I.ender'c option, either to rcstoration or rcpair of the
Property or lo the sum~ ~ccured M• Ihis Mongagc.
Unlesc l.ender and Barrow•er athenwce agree in v-•riting. any cuch application of procecds to principa) shal) not extend
or poctpone the du~: date ot the monthly inslallmcnts rcferrcd to i~ paragraph~ 1 and 2 herco( or change the amaunt of
such installmentz.
10. Borro~+e~ Not Released. Extension of ~he time for payment or mc-dification of amortization of the sums securcd
b~ this Mortgage granted by 1 ender to any cuccecsor in in~erest of Borrower chall not operate ta rclease, in any manner.
th~ liability of the original Borrower and Borrower'c succesu.rr in intercct. I.enJer chall not be rcquircd to eommence
pn,ceedings against such successor or refute to erlenJ ~ime for payment or otherwi~e modify amortization of ~hr wms
u~ ured by Ihic Mortgage by rcason o( any demand made b~~ the orieinal Rorr~~wer and• Borrower's successan in inlerecl.
' 11. Forbeannce by i.ender Not a WJre~. Any f~rhearancc hy t.ender in e~erci~ing any right or rcmedy hcrconder, or
othenvise aBorded by applicahle law. shall ne~t be a waiv~r o( or preclude the exercise of any such right or rcmedy.
The procureme~t of insurance pr the payment of taxes ar olher liens ur chargec by I.ender ~hall not Me a waiver of Lender's
right to accelerate the maturity of the indehtednecs cecored hy thic Mortgage. -
12. Remedies Cumulati~e. All remedies provided in thic Atortgage are dis~inct and cumolative to any othe~ right or
remeJy unde~ this Mortgage or aBorded hy law or equity, and may he exerciud concurrcntly, inde{xndently or succecsively.
~ 13. Snccessors and AssiRas Eound; ,loiat and Se~•eral I.iaM'lity; Captbns. The covenants and agreemenis herein
contained shall bind, and the riRhts hercunder shall inure to. the recpective succescorc and a~signs nf Lender at~d Borrower.
subject to the provisionc of paragraph 17 hertof. All c~venants and agreemenlti of Borrower shall be joiN and several.
The captions and headingc of the paragraphc of this Mongage are for convenience only and are not to be u~ed to
interprct or define the provicionc hereof.
14. NMke. Except for any notice req~iired under applicable law• to be given in another m~nner. (a) any nolice to
Borrower provided for in Ihic M~rtga¢e shall Me given hy mailing tuch notict by ccrtified mail addresced ro Borrower at
the PmpeAy Address or at sueh other addresc as. B~~r~i.w•er mav dec~gna~e hy notice to I.ender as provided herein, and
(b) any notice to Lender shall Fx given hy crrtifieJ m:+~l. reium rece~pt •eyuesled. to 1 enJer's address stated herein or to
~uch other addrcss as [.ender may deci¢nate by n~tire t~• B~rr~.u•er as provided herein. Any notice providtd for in this
Mortgag~ shall be deemed to havc 1+een gi.•cn ta B~rm..cr rr 1 ender when gwen in ~he ma~ner decignated herein_
1S. Unitorm Morixa~r, Covernin~ taw; Se~er~bility. Th~~ (orm ot martgage combines uniform covenants for national
use and non-uniform covenams with limited vanationt h~ ~uricd~ction to cnnstitute a uniform ucurity instrument rnverinE
rcal property. This Mortgage shall be governed hv the law• of the jurisdict~on in which the Property is located. in tht
event thas any provision or clause of thic Mortgage ~~r the N~~te conflict~ with applicable law, such conflict shall not atiect
other provisions of thic Mongage or ~he Natr wh~nc ~an he g~ven efiect withoot the conflic~ing pmvicion, and to this
end the provisions of ~he MortRage and ~he wote arc decl~red ta t+e ceverable.
16. Borrower's Copy. Borrower ~hall tn furm.hed a contormed copy of the Note and of this Mortgage at Ihe time
of execotion o~ after recordation hereof.
17. Tnnster of the Proptti~•: Acsumption. If all or any part of the Pmperty or an interest therein ic sold or tnnsferred
by Borrower without Lender's pnor wnlirn .~.n~er~t. euluding la1 ~he creation of a lien or encumbronce sufwrdinate to
this Mortgage. Ib) the creahon of a pur~ha.r m~~ne~~ ~ecurily interesl fc.r houuhold appliances. (cl a ~rancfer hy devist,
descent or by operation ot law~ upon the Jca~h ~( a ~~~~nt tenant or (d~ ~he grant of any leasehold interest of thrcc }fiars or less
not containing an option to purchase. Lender may. at I ender'~ option, decl.,re all ~he sums secured by ~his Mortgage to be
~mmed~atelp due and payable. Lcnder chall h~~e ~.uved such opt+on to a~:~l~rate i(, prior to the eale or transfer. Lender
and the person to whom ~he Property i. i~~ F+r .ol.l ar Ir•rns(t~rcd reach agrrment ~n writing that 1he crcdi~ ot wch per~on
is satisfactory to I.enJer and that 1he intrrr.t payable on the sum~ ~ecured by this Mor~gage shall be at such rate ac l.ender
shall request. if I_ender has waived the op~ion to accelerate provided in this paragraph 17, and if Borrower'> >uccawr in
interest hac exuuted a wri~ten assumpt~on agreemen~ accepted in writ~ng by [.enJer. [.ender shall releace Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such opt~on t~ accelera~e. l.enJer chall mail Borrower notice o( acceleration in accordanc~ ~•~th
paragraph 14 hereof_ Such noiice chall provide a period ot not less than 30 days [rom the date the notice is mailed within
which Borrower may pay the sumc declared doe It Borrower (ails to pay such sums prior to ~he eapiration o( ~uch period.
Lender may, without furlher notice or dcmand on 8nrrower. ~nvoke any remedies permitted by paragraph IR hercof.
NON-UNIFORM COVEYANTS Borrower and Lender funher covenant and agree u follows:
18. Acceleration; Remedies. Excep as previd~d ia ps~rsph 1'7 bereot. upop dor-owe~s breach of any covenawt or
ssreement ot eorrower in fhis Mort~a~e. includinR tht toren~als fo pay wben due ~ny sums secured ~y thk MorlRs~e. I.endr~
prb~ to acceienHon shdl m~il notice to dorro.-er as Provfded le p~raataph 11 hereoi specitrinR: (l) the bre~ch:121 ~he setbw
requlred to crre socA breach; t3) s dste. nolless ~hsn 30 days from the date the nolice is mdkd to dorror.er. by wAkh wcM
besch must be carcd; aad N) Ihat f~ilure lo cure soch breub on or before the d~fe specf6ed in the ootkt m~y resuN i~
~ecekration ot t6e soms secured by Ihis Mort~s~e. /orecbsurt by judiciil proceedlr~ snd ssk ot the Pwperty. 'il~e notiee
shall further inforn~ dorrower of the riRhl to -eiwstale stfer acctkratbn and Ihe tiRhl fo asseA is tAt toreclosn~+t ~noceedi~
tbe non-e:istence o( s defsuh or any Wher detense ot eorroaer fo xcekration and fotecbsorc. ff the A~e~cb is not ce~ed ow
or before ~he dale speci5ed ia the notke, l.ender at I.ende-'s oplba ~u~y deelant ~q o1 ~Ae s~n~ sec~red by tbis MoriRaRe to be
immediatcly due and parsble withoul (urther demand ~nd may (oeeclose thb MotlRa~e by judkW proceedinR. f.~nder chall
be totitkd lo tdlttt fn wcb ProctedinR ~II t=pe~-ses nf foteclosure, includin=. bdt nof U~nited to. na~onaele s~a-rnev's fees.
•/Id CpS1S O~ d0lYN1t11f~ tY~AtIKt. abstrscts snd ~i~le reports.
19. eorruwers Ri~hf to Reinstate. No~wnh.~.~~d~n~ I ender's acceterahon of the sumc ucured by ~h~s Mortgage.
Borrower shall havt Ihe nght lo havt ~m pnxerd~n~. tx~im b> Lender ~~~ en(c~r~t Ihi+ M~~rtgaQe d~ticonhnued a~ an} timt
ao~K 346 P~r,t ~s
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