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Lrndrr's wnilc~ agrcrmcnt or applirahlc law. f~xruwc~ shall pay tM anwunt ~~( all mongage inwrance Prcmiums in the
mannc- pruv~dr.l under parag~aph 2 hcreot.
Any amuunl~ dichurscd by 1 rndcr pur~uant tu ~his par:~g~;~ph ~. w~~h u~trre~~ Ihereun, ~hall I+ecome additiona)
inJcMcdnr~ti u( Bi~rruvv4r Kcur~d by ~h~~ N~~r~~a~;c l'nlc.~ Rormwer anJ I rn.ICr :~grec t~ olhcr Icrntt ~~( paymcnt. cuch
amounl~ ~hall hc pavaMe iqxm n~~tirr fn,m I cndrr t~. R~~rmNrr rcyur~lin~ p:~ymcnt thrreof, and shel) tiCar inlcrett ~ratn the
date of di~burscment a~ thc ~a~c pay:ihle frum Iimc t~- Umc un ouletandinR principal undcr ~he NMe unlecc payment ot
interest at such rate would he contrarv ~~~ appliraMe law. in whirh event ~uch am~~unlc ~hall hear ioterect at the highect rate
permiuible under applicable law. Nulhin~; c~~ntained ~n ~h~c paragraph 7 chaU ~eyuirc I.ender 1a incur any expense or take
any action hereunder.
S• laspecfion. I.ender may ma{.c a~ cau.c ta tK madc rcaconahk cMricc u~n and inspectionc of the Property. pmvided
that 1 ende~ shall give Borrower no~~rr pri~~r 1u any curh ins~li<~n ~peci(ying rcasanabk cause therefor rolatod to Lender's
i~~erest in the Propeny.
9. Coademnatbn. The prcxeedc of anY award or claim for damages, direct or consequential, in connoction wilh aay
condemnation or other laking ot the Propeny, or part thercof, or for axrveyance in lieu of condemnation, are hertby assi6nod
and shall be paid to I.ende~.
in the eve~t of a total laking of the Property. the prcxeeJs chail be applieJ tD ~he sums securcd by this Mortaage.
with the excess, if any, paid to Born•we~. ln ~hc event of a partial taking of the Property, unl~sc Borrower and Le~der
atherwise agree i~ writiog. Iherc shall be applied to the ~ums secured by this Mortgage cuch praportian of the ptoceeds
as is equa) to that proportion v-•tiich ~he am~~unl of Ihe sumc sec~~red by Ihi~ Mohgage immediateiy prior to the date of
taking txan to the fair market value of Ihe P~~~~x r~y ~mmedia~ely prior to the Jate of taking, with the balanct of the proceeds
paid to Borrower.
lf the Propetty ix ahandoneJ br Borrowcr. ..r ~f :dtcr notice hy 1 ender to Bormwer that Ihe condemnor offen to make
an award o~ sellle a claim for damaer~. Ri~rmwrr t:ul. ~~. r~~~+c~nd to I.ender within 30 days after the date such notice is
mailed. I_ender ic aulhori7ed ta c~llect and ap~~~• ~he prcueedc. a1 1_ender'~ option, either to restoration or repair of the
Propcrry or 1~ Ihe sumti ~ccured M• this Mortg:~ec_
Unlesc I.tnder and Borrower othen~vicc agree in wri~~ne. any such applicaii~n of proceeds to principa) shal) not extend
or poctpone Ihe due date ot the monthlv inctallmcntt mferrcd to in paraRraph~ 1 and 2 hercof or change the amouot of
s~xh installments_
10. Borrow~r Nol Relessed. Extension of the ~ime for payment or me~dification of amortization of the sums securcd
by thic Mortgage granted by I.ender to am cuccecce.r in imere~~ of Borrower chall not operate to rcle.ase, in any mann~r.
the liability of the original Borrower and Bc-rrawer'~ succrsti~~rc in interc~t [.ender shall not be rcquired to eommence
proceedings againct such successor or refuse to etitend time (or payment or other.vice modity amortizat~on of thr ~ums
~ecured hy thic Mortgage hy reau~n of aay demand made bc the orie~nal i rrrower and Borrower's succescors in imerect.
' 11. Forbeannce hy I.ender Nof a Wsirer. Any forhearance by 1 ender in etercicing any right or remedy hercunder, or
othenvise afTorded hy applicahle law. shall not tx a waiver of or Qreclode the etiercise of any such right or temedy.
The proeurement of insurance Qr the payment of taxes or othe~ liens o~ chargec by 1 ender chall not tx a waiver of Lender's
right to accelerate the maturity of the indebtednecs cenzrcd hy Ihic Mortgage. .
12. Remedies Cnmulatitt. All rcmedies provided ~n thi~ MortgaRe arc distinct and cumulative to any ather right or
remeJy uoder this Mortgage or afforded hy law ~r equity, and may Ix exercited concurrently. independently or succeuively.
' 13. Snccessors snd A~as Bound:.Jo{nt and Se~•eral I.iaM'lity; CspHons. The cavenants and agreements hercin
con~ained shall bind, and the riRhts hereunder shall inurc to. Ihe rcspective succeccorc and usigns of ~ender at~d Bornower.
subject to tF~e provisiona af paragraph 17 hereof_ All covenants and agreementc of Borrower,shall be join~ and several.
The captions and headings of tht paraq~aphe of ihis Mnrtgage are for convenience anly and are not to be uced to
inlerprct or define the provicions herec~f.
14. NMke. Except for any noticc reyuired under ~pplicable law to be given in another manner. fa) any notice to
Borrower provided for in this Mortgaee chall !~ grven hy mailing ~uch notice by cer~~fitd mail addrcsud to Borrower at
the Properiy Address or at such other addre~c as Aurmwer mav de~igneir by notice to I.ender as provided herein, and
(b) any notice to Lender shall he given hy certified ma~l. retum receipt reyue~ted. to 1 enders address stated herein or to
tuch other addrcss as Lender may deci¢nate M n~~t~ie t.~ B~~rr~wer as proc~deJ herein. Any nolice pmvided for in this
Mortgage shall tx deemed ~o hav~ t+een ~i~rn to Bc.rmwer ~~r 1 cnder when g~ven in the manner detignated herein.
1S. i,initorm MortRa~e; CoverninR la»: Se•er~bilih. Th~c form oE mortgage rnmbines unitorm covenants for national
use and non-uniform covenantc wi~h IimitrJ ~•sr~ahi~m h~ ~~~ricJ~ction to constitute a uniForm security instrument coverina
rcal property. This Morlgage shall be ~to~~erned h~• the IJN Of the jurisdiction in which the Property is located. in the
event that any provision or clauce of thic Mort~,acc ~~r the tiate conflictc w•i~h applicable law, such conflict shal) not affect
other provisions of this Mortgage or the N~~t~ wh~ch can t-e g~~•en efTect witho~~t the conflicting provicion, and to this
end the provisions of Ihe Martgage and thr '~1ote arc .teclarcd to he ~everable
16. dorrovier's Copy. Borrower chall t-r furni.heJ ~ cc-nt.~rmed copy of the Note and of thit Mortgage at tht timt
of execution or aher recorda~ion hercof. ~
17. Tnnsfer of the Property: Acsumption. if alI or any part of ~he Pmpeny or an interest thereio ic sold or transterred
by Borrower without l.ender's prior wnnrn ~~~mcnt. c~cluding fal Ihe creation of a lien or encombnnce sqbordinate to
this Morigage. (bl the creahon of a pur~ha~r m.+ncc terurit-; mterest t~r household appliances, tcl a trancfer hy devist~
dcscent or by operation of law upon thc Jcath c.f .~ j~~~n~ lenant i.r (di the grant of any leasehoid iMerest of Ihrcc ycars or less
not containing an op~ion to purchase. t ender may. a~ 1 ender'. ~~pt~on. decl:,re all ihe cums secured hy Ihis Mortgage to be
immed~ately due and payable. l.ender .hall ha.e ...~~.rd cu~h oplion to :~rc~lrrate if, prior to the cale or trans(er. Lender
and the persc~n to whom the Propertv ic t~~ tx .i~l.l i,r tr~ns(erred reach agrrcment in wriUng that the crtdit of wch person
is satisfactory to I_enJer and Ihat Ihe imrr~.i pa~ ~ble e-n the sums cecured by ~hit Mor~gage shall be at such n~e ac l.ender
shatl request. If Lendtr has waived the opuon u• accelerete provided m this paragraph 17, and if Bonower'a wccessor in
interest has executed a wr~~ten assump~~on agreemem accep~ed in writ~ng by I.endsr. Lender shall releau Borrower (rom all
obligations under this Mortgage and tbc Note.
lt Lende~ eaercises such op~~on tc- ac:elerate. I ender tihali ma~l Borrow•cr notice of acctleratiort in accordanc~ ~. i~h
paragraph 14 hereo(. Such not~ce chall prov~de a peric~ of not lesc than 30 days from ~he date the notice is mailed wi~hin
which Borrower may pay the sumc declered due. It Borrower (aile to pay such soms prior to 1he expinUOn of wch penc~d.
Lender may. without turther no~ice or dcmand on K~irrower. ~nvoke any remediu perm~tted by puagraph IR herc~f.
NON-UNIFORM COVENANTS Borrower and l cnder turther covenant and agree u follows:
18. Accelerstaa; Remedies. E:cept as pravided ia ps~nph 17 bcreof. upoo dorrowee's breuh ot ~ay co~tnanl ot
a~reemeat of Borrower in this yio-tRa~e. includin~ the co~cnsnls fo pay whee dut sny sums sttured by fhls MortRa~t, i.eedcr
prior to accekntba shall mail notice lo Eorror-er as provWed in pars`nph 14 hereot specltyin~: (1) the MescA: 12- the sctbs
uqulnd to cnre snch bresch:l3) a dste. no~ less than 30 days from thc dste the notice b ma[kd to dorro~.er. by•••Akh snc~
b~cach mu~t be cured; aad (~) tAst tailure to cure sech bresch oa or bclore thc dNe specified ia lAe notke ~nay resull i~
accekration ot tbe sna~s ieco~ed by this MortRsRe. lorecbwrr by judkial proccedin~ and ssk o( tbe Properry. The nolke
shall turther inform eorror.er of Ihe riRh1 lo reinstate a(tcr ~ccekMion snd !he riRht fo assert i~ Ihe /oreclos~rt ~roccedbK
tht aon-e:islence ot s defauk or anr Wher defeese of donower fo acccknition sed foreclosore. 1/ tl~e breaeA is nM cored o~
or befon the date specifird ia the notice, l•ender ~t t.ende~'s oplbn n~ay declsrt aB o~ tl~e s~ss secrnd by tAb MorfR~e fo be
immediately due ~nd p~yablt withoul further demand and may forecbse tAb Mort~a~e ~ jndkW proteedinR. f.en~ler cball
be eotitkd lo colleel M wcM proceedi~ slt e:Pen~es ~~t toreclosurs, includin~. Aut not limited to. reasonsbk alt~rrney's fees.
•11d COSfS O~ dOCY111tA1~ t~lAtlltt. abstracts snd tiUe nports.
19. Borrower's Ri`ht to Reinstsie. :~1~~Iw~th~land~nF 1 ender't accelerat~o~ of the sum~ ucured by ~h~s Mor~gage.
Borrower shall have Ihe nght to havc am pn.cerd~nc, tx~~m 1~~ Lcnder ~o en(~r:t tF~~~ ,1~ngaqc dnc~ntinued a~ an} ~~mt
a,»x 3~s Ps~,~ 410
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