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i rndrr'c w~~ttcn agrccmcnt or appl~cahle law. &~rrc-wer shall pay ~hr amuunt o( all mongage inwranre prcmiums in the
mrnnrr pruwdc~l under paragraph 2 hercot
Any amuunt< <6th~n,c~1 hy I.rn~lc- purwaM w ~his paragraph 7, w~ih u~lcn~t ~hcr~s, Shal{ b~come additiona)
in~lrbtedne~~ uf Nor~uv-rr ~ecured hy ~h~~ M~~r~~;age tJnle.. B~~~rower anJ 1 rnJe~ agree ~o other lertnc ~~f payment, cuch
ami-untti chall he pavaMc u~xm nulicr fmm I rndc~ ~o Rurruwrr reyue~~ing paymriit ~hcreut, anJ ~hall F~ear inlerett trom the
d:+~e of di~burcement at ~he rate pavaMe tmm lime to ~ime un outstandi~g principal under the Note unltcc payment of
intereu at such ~ate would be contrarv ic- applicahle law, in which event ~uch am~unls chall hear imeroct at the highext rate
permissible under applirable law. Nothing c~~ntained ~n Ihic parag~aph 7 chal) reyuire 1_ender to ineur any eapense or take
any action hereunde~.
S• lASpection. I.ender may make or cau.c to he made rcau~nabie entriec upc~n and inspections of the Property. provided
thrt l.ender shall give 8c~~rowc~ n~~t~a•r pri~~r t~~ any .i~rh intpcclion speci(ying reaso~abk cause therefor rclatcd to Lender's
imeresl in the P~operty.
9. Coademnation. The p~ixeed~ of any award o~ claim tor damages, dircct ar cansequential, im m~nection with any
condemnation or other taking of the Praperty, or part ~Aercof, ar tor conveyance in lieu of condemnation, arc he~sby assigned
and shall be paid to [~nder.
ln the event of a total taking of the Proper~y. the proreeds chall be applieJ to ~he sums securcd by this Mortaage,
with ihe exccss, it any, paid to Borr~wer. ln the event of a partial ~aking of the Property, unless Borrower and i.ender
othtrwix agroe in writing. therc shall be applied to the cums securcd by this Mortgage such proportion ot tht procads
as is equal to ihat proportion a•hich ~he ami~unl o( ~he sumc cecured by lhis Mortgage immediately prior to the date of
taking Aeart to the fair market valuc of Ihe Pr.-~ny immediately prior to the date of ~aking, wi~h the balance of the proceeds
paid to Bormwer.
1f the PmperlV ic abandi~ned h~• Bc~rrower. ~.r iL after notice by I.ender to Borrower Ihat the rnndemnor offers to mate
an award or utNe a cl~im (or d~ma~c~. Ra~rr~.wer fail. tn re~{x-nd ~o I.ender within 10 days aHer Ihe date such notice is
maile~. Lender i~ authorizrd to collec~ and apple the p~ocecds. at 1_ender i option, either to restontion or repair of the
Prapeny or to the cum~ ,ecured M• ~hi~ M~nRaFc
Unlesc Lender and Horrower othen+•i~c agrec in v-rihne. any such application of proceeds to principa) shall not extend
or pcx~p~ne the due date ~( the momhlv inctallmcots referred to in paragraphc 1 and 2 hereof or chang~ the amount of
cuch inslallmentc
10. EoROwe~ Nof Rekased. Extencion of Ihe ~im~ tor paymenl or modiRcation of amortization of 1he sums securcd
by this Mo~i~age q~anted by I.enJer tc+ any cuccecsor in interect of Borrowe~ ahall not opente to rcfcase, in any manner,
Ihe liability of the ariginal Borrower and Be~rrower'~ succexcorc in intercst I.ender shall not be required to commence
prc.ceedingx against tuch successor or retuse to ertend lime for payment or othervvice modify amortizat:on of thr sums
ucured hy thic Mongage by rcason of any demand made b~• the ori¢inal Aorrower and Borrower's succescon in interecl.
11. ForAearance 6y I.ender Not a Wa1ve~. Any k+rhearance by ( ender in exercising any right or remedy hercunder, or
o~herwise atiorded by applicable law. shall not be, a waiver of or preclude Ihe exercise of any such right or . remedy_
The procurement of insurance o~ the payment of ~axes or other liens or chargec by I.ender shaq not tx a waiver ot LendePs
right ta accelerate the maturity of the indebtednecs ~ec~~rcd hy thic Mortgage.
12. Remedies Cumulati~e. All rcmedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under thic Mortgage or aBorded by law or equity, and may he ezerciud concurrently, independently or successively.
~ 13. Successors and AssiRes Boned; ,Join1 snd Se~•eral t.iaMliy; Captbns. The covenants and agreementc htrein
con~ained shall bind, and the riRhtt hereunder shall inute to. tht rc~pective succescon and assigns ot Lender ~d Borrower.
subject to Ihe provisions of paragraph 17 hereot. All covenants and agreementc of Borrower shal) be joiry and several.
'T1K captians and headingc of Ihe paraRraphc of thic Mongage arc for c~nvenience only and are not to be used to
interpret or define thc provicion~ hereof.
11. Nofice. Except for any notirc req~~ired unckr applicable law to be given in another manner, (a) any notice to
Borrowe~ providtd tor in this Mortgaee chall be given by mailing cuch notice by certifled mail addresced to Borr~wer st
the Property Address or at cuch other addrecc as B~rrow~er mav dec~gnate by no~ice to I.ender as provided herein, and
(h) any notice to Lender shall he given by certificJ mail. return receipt requected. to I e~der s address sta~ed herein or to
~uch olher address as l.ender may deci¢nate by n~lice tn Borraa•er as pro~~ded herein. Any notice provided for in this
Mortgage shall be deemed lo havc lxcn Riven ro B~rr~w•cr or Lender vrhen grven in Ihe manner designated hertin.
IS. Unitorm Mort~a~e: Covernin~ Iaw; Se.ersbilily. Thi~ torm of mortgage combines uniform covenants for national
ase and non-uniform rnvenan~c with IimiteJ variahonc M juricdiclion to constilute a uniform securiry instrument covering
rcal properly. Thic Mortgage shall be governed hv the I~w o( the juricdiction in which the Property is located. in the
event ~hat a~y provis~on ~r clauce of ~hic Mongage ~•r the Note conflicts with applicabk law, such conflict shall not atfeet
other provisions of Ihic Morlgage or the N~~tc which can Me g~ven eficct without Ihe conflicting provi~ion, and to this
end Ihe provicions of the MortRage and ~h~ ~VMe arc Jeclared to F-e severable.
16. domower's Copy. Borrow~er tihall tx furniched a con(ormed copy of the Note and of this Mortgage at the time
of e~ecution or a(~er recordation hereof.
17. Transfer of the Propertv: Assumplion. If all or any part of the Property or an intercst therein ic sold or tnnsterred
by Borrower wrthout t.ender's pnc.r Wr~~t:n ~~~ment. ercluding lal tht creation of a lien or encumbranct suAordinate to
this Mortgage. (bl Ihe creat~on of a ~urch~.c m~•nevi cecurity mteres~ f~r household appliances. Ic) a trancfer hy devise,
descent or by operation of law upc~n 1he dca~h o( a j~.~nt ~enam or (di the gra~t of any leaxhold intercst of ~hrcc yea~s or kss
not containing ae option to purchase. I.ender may. at 1 ender'~ opbon. d~rla~e all the sums secured by this Mortgage to be
immediately due a~d payable. Lc~dcr ~hall h:,vc ..,uved such option ~o ar~clerate if, prior to 1he wle or transfer. Lender
and ~he person to whom the Propert}~ i. t~~ be .~.1.1 ~~r Iransterred rcach agrcrment in writing thal the credit nf wch pet~on
is saUsfactory to Lender and that Ihr ~ntrr~.t pa~able on the sums ucured by Ihic Mortgage shall be at such ratt ac I.ender
shall requtst. If l.ender has waived Ihe optu~n ~o acctlerete provided ~n this paragraph 17, and if Borrower'~ successor in
interest has executed a written assump~~on agreement accepted in w~riung by I_ender. !_ender shall releau Borrower from 311
obligahons under th~s Mor~gage and Ihe N~te.
If I_ender esercius such ophon u~ acce(erate, LenJer chatl mail Bor~ower notice of acceleration in accordancr u ith
paragraph 14 hereof_ Such notice ~h:,ll prov~de a per~oei of not less than 30 days from ~he date the no~ice is mailed within
which Borrower may pay the sumc declrred due If Borrov-er (aih to pay such sums prior to Ihe expiration ~( wch ~-eriod.
Lender may, wilhoul further notice ~r dcmand on 13orrower. ~nvoke any remediu perm~t~ed by paragraph 1 R herco(.
NON-UNIfORM COVE:VANTS Borrower and t_ender (urther covenam and agree as follows:
1~. Accekrst'an; Remedies. Excep as provided ia Pa~rspA 1~ btreot. upoe Qornowers breacb ot sny covenset or
a~reemeet ot dorrower in this MortRs~e. includin~ Ibe covenants to pay wben due sny snms secu-cd by tAk Mor1R~e. i.eeder
prbr to sccekntba sbdl msil notice to dorrower as provWed fn psra~rsph 14 Aereot specifyin~: (1) the A~e~ch: /21 the actba
nqulred to core soch bresch;l3) s date. not less Ih~n 30 days trom the dNe tAe notice b m~ikd fo do~~+uwer. by whkh wcM
b~each mu~t be cored; and (~) that failure !o cure srch breuh on o~ Aetore Ibe dNe speeified in the nolke msy res~df 1~
•ccekration ot tAe soms secu-ed sy ~his MortRa~e. finecbsure ~ judkid proceedin= ~nd sak ot tAe Properry. The notiee
shall turther intorn~ Sorro..cr of the ri~h1 to rrinstafe aflcr sccekMbs awd Ihe ~ht fo assert iw tbe fortcbsrre p~oceedl~
t6e non-existence of a de(auN or sny other detense ot Eonower to iccekration awd (oreclosdre. If fhe bn~ch is not cured o~
or Sctore the date speci6ed in the notkc, l.ender ~t I.ender's optbw a~q declr+e ~p ot the son~s sec~rtd by tAfs MortRaRe to be
immedi~tely due and psrable wilhout turtber demand and msy foreclost tb[s Mort~att Sr jodkW proetedlnR. t.en~Jer chall
De eoKNed to coqeet in wcb proceedi~ all e:penccs ~~f foreclosore. Inclndin~. bnt oM Umifed to. natonibk s~~•-rncv's fees.
•Rd COSLS OI dO~Y111tA1~ trldlllCt. sbslrsc~s and Iille reports.
19, aonower's RiRh~ to Reinstste. Notwilh~t~nd~n~ 1 eoder's acceleration of the sume xcured by ~h~s Mongage.
Borrower shall have the ngM ~o havc am pnxc~d+ne: Fx'~~n b~ Lcnder tc- entorce thn M~ngaqe dnc~nl~nucJ a~ any Ume
r
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