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I.~nder'~ wnuen agrcemen~ or appl~cable low. Ha~rowe~ shaU pay the atnuunt of all mortgage in~urance premiums in the
m•rnner p~uv~dc~l under paragraph 2 herco(.
Any amoun~c .li~h~irscd hy l.rn~lc~ purwanl w ihis paragraph 7, w~~h uurrcct thercon, chal) 1+ccomc addili~nal
indrhtcdnc~c uf &~rruwr~ K~und hy ~h~~ Mun~•rgc Unlc.. R~~rruwcr anJ 1 ender agrce to Mhcr Icrmc i~~ paymc~t, wch
ami~un~ti ~hall ~x pa~~ahk u~x~n nu~irr f~~~m 1 cndrr ~u &~~ruwcr rcyuc~ting paymrnl Ihc~cot, anJ chall hcar interett trom the
da~e of dicburk;mrnt at the rate payahle tmm Iime to lime an autslanding principa) under the Nate unlecc payment of
inlerest at such rate wauld bc conlrarv ~~~ applicable law, io which evcnt arch amounls shall hear interest at the highest rate
permissible uoder applicable law. Nu~hinR cantaineJ ~n thi~ pa~agraph 7 shall requirc Lender to incur any expense or take
any action hereunder.
s. laspecfion. Lende- may makc ur rau.c ~o he madc reacnnabk enl~iec upon a~d inspections of the P~operty, provided
tha: I.ender shall give Borrower n~~ticr pri+~r ~~. any .uch incpecUOn specifying rcasooabk cause there(or rclated to l.ender's
interest in thc Propchy.
9, Condemnation. The proceedc of a~y award or claim for damages, dircet or consequential, in conooction writh any
condemnation or olher laking of the P~operty, o~ part tAercof, or tor conveyance in lieu of candem~ation; aro he~eby assigned
and shall be paid to t ende~.
In the event of a total laking ot ~he Pmper~y. ~he proceeds chall be applieJ to the sums secured by tfiis Mortgase,
with the excess, if any, paid to BorFOwer. In ~he event af a partial taking of th~ Property, unlen Bomowe~ aod i.eader
o~hervvise agree in wriling. therc shall be applieJ tc- ~he sums securcd by this Mo~lgage cuch proportioo of the procoeds
as is equal to that propoNion w~hich thc amc~unt ~f ~hc sumc securcd by this Mortg~ge immedia~ely prior to ~he date of
taking beart to the fair market value of Ihe Pmpertv immediately prior ta the date of taking, wilh the halance of the proceeds
paid to Borrower.
If the Property ic ahandoned hv Borrower. ~r if. af~er notice hy l.ender to Borrower that the condemnor often to make
an aw•ard or uUle a claim for d~maecti_ B~rmwer fad. 1~ rc~pond Io I.ender wi~hin 30 days aher the date such notite is
mailed. I.enJer ic authori7ed to collect and apply ihe proceeds. at 1_ender i option, either to rcstoration or rcpair of th~
Propcr~y or to the cum~ c~tiured h~ thi~ Mnngagc. ~ ~
Unlesc 1 enJer and Borrav-er Mhenvi~c ag~ee in writinc, any such application.of praceeds to principa) shall not extend
or ~xx~pc~ne ~he due da~e of Ihe mon~hly installmems referred to in paragraphc 1 and 2 hercof or change the amount ot
a~ch installments.
10. doROw~er Not Rekased. Extension of 1ht time for payment or mc~dification of amortization of the sums securcd
by this MortRage granled by l.ender to any wccec.sor in interect of Barrower chall not operate to rekau, in any manner.
the liability o( 1he original Borrower and Borrower'c succescc~rc in interest. 1_ender shall not be rcquired to commence
prc,ceedingc against tiach sucressor or refux t~ eti~enJ Iime for payment or othervviu modify amortizaUon ot the eums
cecured by thic Mortgage by reason of any demand made b}• Ihe oriqinal E3orrow~r and Borrowei s suecessors in interect.
11. Forbeannce by I.ender Not ~ Wai~er. Any fc-rhearance hy I.ender in etercising any right or remedy hereunder, or
othervrise aRordal hy applicahle law. shall ne~~ Ae a waiver of or preclude ~he exercist of any such right or rcmedy.
- The procurement of insurance pr the payment ot taxes or other liens or charges by l.ender chall not tx a waiver o( Lender's
right to accelerate ~he mawrity of ~he indebtedne~s cecurcd h}• thic Mortgage.
12. Remedies Cumulati~e. All rcmedies provided in this Mortgage ate distinct and cumulative to any other right or
remeJy unde~ thic Mo~tg~ge or afforded hy law or equity. and may tx exerciced concurrco~ly, independently or successively.
~ 13• Seccessors and Assi~ns Boand: Joint sad Several I.iaM'lity; Captbns. The covenants and agreements hercin
comained shall bind, and the riRhtc hereundt~ shall inure to, the recpective succetson and auigns of I_ender aod Borrower.
subject to tf~e provisionc of paragraph 17 hereof. All covenanls and agreements of Borrower shall be joiry aod several.
The captions and headingc of the paraRraphc of ~hia Mortgage are for convenience only and are not to be uced to
interprct or define the provicions hereo(. -
14. Notke. Eacept for any no~ice rcyuired under applicahle law to be given in another manner. (a) any notice to
Borrower provided for in Ihis Mortga¢e chall be given by mailing tuch notice by certified mail addresud to Borrower at
the PropeAy Address or at such other addretc as Borr~w•er mav dec~gnate by notict to f.ender as provided herein, and
(bl any notict lo Lende~ shall he given hy certified ma~l. return receipt requetted. to t ender s address stated herein or to
~uch other addrest as 1_ender may de~i¢~ate h)• n~ti:e t~ Bc~rrnwer as prov~ded hercin. Any notice provided for in this
Mortgage shall lx dtemed t~ havc heen Rn~en to B~rmN•cr or l.cnder when given in tht manner desigoattd herein.
1S. Unitorm MortAaRe; CorerninR l.aN; Se.~erobilit~~. Th~s (orm of mortgage combines uniform covenants for national
use and non-uniform covenanlc wi~h IimiteJ vanations h~• junKf~clion to constitule a uniform security instrument coverina
rcal properry. Thic Mortgage shall tx governed hv the law of the jurisdiction in which the Propetty is located. In the
event that any prov~sion or cla~ne of thic Mongaec ~-r the Note conflictc with applicabk law, such conflict shall not a$eet
other provisions of thic Mortgage or the Notr wh~ch can be given efiect without the conflicting provicion, and to this
end Iht pravisions of the MorlRage and thc NcNe arc dcclared to Ix severable.
16. aomower's Copy. Borrow~er chall F-c turni~heJ a con(ormed copy o( ~he Note and of this Mortgage at Ihe time
of execution or after recordation hereot_
17. T~sasfer ot the Propertv: Acsumplion. 1f all or any pih of Ihe Property or an intetest thercin ic sold or transferred
by Borrower without l.ender's pn~r wrm~•n ~~~nticn~. excluding (a1 the cteation ot a lien or encumbnnce subordinate to
this Mortgage. (b) Ihe creat~on of a pur.ha.r m~~nev ~ecurity mterest for household appliances, Ic) a Iranifer hy devise.
descent or by operalion of law upon tht Jcalh o( a p„nt Ienanl or (d~ the grant ot any (e~sehold interest of Ihrcc years or ltu
not containing an op~ion to purchase. I.ender maq. at l.ender i nptson, decl~re all tht sums secured by Ihis Mortgage to be
immediately due and payahle. Lcnder chall h~~c M.uvcd such ophon ~o accrlerate if, prior to the cale or Iransfer. I_ender
and tht person to whom the Proper~y i. w be .oIJ or ~ransterred rcach agrerment in writing thal the credit ot auch percon
is satisfactory to I.enJer and that Ihe imerr.t pa~able on the sums secured by Ihis Morlgage shall be at such rate ac I_endtr
shaU request. If Lender has waival ~hc opuon to a:celtrett prdvidcd in ~his paragraph 17, and if Borrower i wccessor in
interest hac executed a wntten ascump~ion agreemen~ accepted in writing by [_ender, I_ender shall releau Borrower Irom all
obligations under th~s Mortgage and Ihc Note.
If Lender eaercius such opt~on t~~ acrdera~e. I.enJer chall mail Borrower notice of acce~eration in accordancr W i~h
paragraph 14 hereof. Such notice ehall providc a period of not less than 30 days from ~he da~e the notice is mailed within
which Borrower may pay the sumc declared due If Borrower fails to pay such sums prior to the expiration of wch penc~d,
Lender may. wrthout further nat~ce ~r demand on Hurrower. ~nvoke any remediu permittcd by pa~agraph IR hercof.
NON-UNIfO1lM COVEVANTS Borrower and t_ender further covenant and agree as (ollows:
la. Accelcration; Remedies. Excep as providcd io p~ra~rspb 17 hereot. rpow sorrowers b~cach of any co~ewaM or
a~reemeat ot Borrower ia fhis MortRsRe. includin~ Ihc co~ensMs lo pay wbca dne any snms securcd by fhls MortRs~e. I.endtr
prior lo acctkntbn sAdl mail notke to sorrower as Prorided Ia pirqrspA 1~ hereo/ specltriu~: (1) fhe breich: 12) the ~cflps
nquircd to core such breuh;l3) a date. aot kss Ihan 30 dsys fro~n the dMe the notke fs mafkd to Eorrowe~. ~ wAkh wc~
A~each mwt be cored: sad (4) Ibst tailare to c~-e srch brescM ow or eefore Ihe dMe specified iw Ihe notke msr resolt i~
accekratioe ot tbe so~ns secured by this Mort~aRe. toreclowre by jndicisl pwceedie~ md sak o/ ~be PropertY. 7t~e notke
shdl fuMher inform eorrowe~ ot the ri~ht to reiastate affer sccekMioa aed the riRAt to asrcrt fA fbc forec{osrre ~ocecdi~
t6e non-e:istence ot a defsuN or sny olher defen~t of eorrower to sccekrsfbn ied toreclosere. It fAe betcA is nM cortA o~
or before Ihe date specified ia the nofke. I.endtr al I.endtt's r~/fio~ w~sy declare ap of tbe s~~ws seeored ~ tAfs MoAR~e to Se
ima~ediattly due ~nd paYaWt without further demand ~nd msr Ioretbst tbk Mo~~e by jndicW /roctediuR. I.ender shaN
be eotiNed to colleet in sucb procetdi~ sll t:penses .rf torectocurt. laclndi~. eot ~ot Umiled to. rrasowsAk att.~rnrr's fees.
and eosts of doe~rwe~hry evidence. abstracts snd ~itk reports. -
19. eorrowers RiRht to Rti~tate. Nalwith~ianJing I tnder's accelerat~on ot the ~umc secured by th~t Mortgage.
Borrower shall have the ngh~ ~o have ~m pnxerd~ne~ hr~i~n b~ Lender tc- enlorce thi~ Mc~rtgaqe dnconhnucd a~ ~ny time
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