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1 rndr~'c wnucn agnxmcnt or applicable law. Burrawer shall pay the am~~unt at all martgage incurance prcmiums in the
mannr- pcov~drd imdcr parag~aph 2 hercot.
llny amount~' di~hurcrd by Lcn~lcr pur~uan~ ~u ~his paragraph 7, wuh ~nlrre~l thereoa, shall I+ccomc addiliona)
in~kMcdnc~c uf Hutmwcr ~ccund hy ~h~. M~-~i~;agc Unle~~ Borrowrr anJ 1 c~Jer agree to other tctmc of paymcnt, tuch
am~~unt~ ~hall bc p~yablr u~x~n rn~ti« (r~~m 1 rnde~ to Borrowrr reyucqing paymcnl Ihcre~(y ~ji~ill hcpr interest from the
date ~f dicburscment at the ratc payahtc Rom timc to ~ime o~ outslandi~g principa) unQe~lhe Nate unletc payment of
intcresl at such ratc would I+e conlrarv ~i~ applicablc law, in which event cuch am~unts ~hall hea~ interest at 1he hiahest ntt
permissibk under applicable law. Nulhing c~+n~aincd in ~hic paragraph ~ chall requirc I.endcr to incu~ any expe~se or take
any action hereunder.
S• Isspectiou. ~ 1_ender may makc ~•r rai~.c ~i, F+e madc reaconable entriec u~n and inspections ot the Ptoperty. provided
thal I.cnder shall give Bc~rrowcr n~~~~cr pri~~r 1~~ any ~uch inspection specifying rcasonabk cause therefor rolatod to Lender's
intercst in the Property. -
9. Coademnatbn. The p~~~ceedc of any award or claim for damages, dircet or consoquential, in co~nectan with any
condemnation or olher taking of the Prapeny, or pan thercc~t, or fo~ canveyanoe in lieu of condemnation, are hereby assigned
and shall bc paid to l.ender.
in the event ot a total taking of the Properly. Ihe proceeds shall be applied to the sums securcd by ffiis Mortaase,
with the excess, if any, paid to Borrower. In ~he event of a partial taking of the Property, unlGCS Bomower and Lender
o~herwise agroe in w~iting. therc shall be applied to Ihe sums secured by this Mortgage such proportion ot iht procoeds
as is equal to that proportion w•hich Ihe amounl ot ~he sumc ucured by this Mortgage immediately prior to the date ot
taking bean to the tair market value of the Pmperty immediately prior to the date af taking, with the balance of 11~t proceeds
paid to Bormwer.
if the Property ic abandoneJ M• Bormwer..x if after notice by t.ender to Borrower that the condemnor offers to make
an award ~r utNe a claim f~r Jamagr~_ R~~r~~nver tail. t~ recpnnd tc+ Lender within 30 days af~er tho date such notict is
mailed. i_enJe~ ic authorized to collec~ anJ applv the proceeds. at I.ender i option, either to restoration or ropair ot the
Properly or lo the ~um~ ~ccured by thic Mort~aee.
Unlesc f ender and Borrawer othervvice agree in a•rihng, any such application of proceeds to principa) shall not extend
or Ex-ctpone the due da~e of the mon~hly inct~llmems reterred to in paragraphc I and 2 hereof or change the amount of
such ~nstallments.
10. BoROwer Not Relezsed. Ezteosion of the time (or payment or modification of amortization of the sums securcd
by lhis MoAgage gra~ted hy l.enJer to any cuccecu-r in ioterect of Bc~rrower chall not opente to rckau. in any manner.
the liability af the original Borrower and Bc~rrower i succesu~rc in intercst. t_ender chall not be rcquired ta rnmmence
pn~ceedingc against such successor or retuse to ertend ~ime for paymeM or othenvi~e modify amortizat~on of thr sums
ce~ured by thic Mortgage by reascx~ at ~ry demand made by Ihe oriqinal Bonnwer and Borrower s successors in interect_
11. Rorbearance by (.ender Not a N-aiver. Any f~rhearance hy l.ender in ~tiercising any right or remedy hercu~der, or
othervvise a(fordeai by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy.
TFie p~ocurement of insurance or the payment of taxes or other liens or charges by I.ender shall not be a waiver of Lender's
right ta accelerate the maturitv of the iodebtedneu cecurcd hy thic Mortgage.
12. Remedies Comulati~e. All rcmedies provided in this Mortgage arc distinct and cumulative to any o~her right or
rcmedq under Ihis Mortg~ge or afforded hy law cx equity, artd may be exercised concurrcnUy. independently or succeaively.
' 13. Srecessors and Assi~as Bound: Joint aad Sereral f.i~biNry: CapHons. The covenams and agrcements hercin
comained shall bind, and the riRhts herconder shall inure to. the respective successon and assigns of Lender a~d Borrower.
subject to the provisionc of paragraph 17 hereo(. All cove~ants and agreements of Borrower shall be joiry and sevenl.
The captions and headings of~ the paraRraph~ of thic Mongage are tor convenience only and are not to be u~ed to
interprct or defin~ the provitionc hereof.
14. NMiee. Except for any no~ice rcquired under applicable law to be given in another manner. (a) any notice to
Borrower provided for in Ihis Morlga¢e thall be given by mailin~ such noticc by certiBed mail addretud to Bcxrower at
Ihe Property Address or at such other ~ddrcsc as Borrower ma~• decignate by notice to I_ender as provided herein, and
(t~) any notict to Lender shall he given hy ct-~i6ed mad. retum receipt requested. to I ender s add~eu shted herein or to
cuch other oddrcsc as t.ender may deciqnate by n~tice t~ Borrow~er as pro~ided hercin. Any notice pmvidtd for in Lhis _
Mongage shall be deemed to havc heen gn•en to Borro.rer or l.ender when given in the manner designated herein.
15. Unitorm MorlRs~e; Co~erninR I.aw: Se~erability. Th~s (orm of mortgage combines aniforin covenants for national
use and non-uniform crnenamc with IimiteJ variationc h~~ juricdiction to conslitute a uniform security instrument covering
real property. This Mortgage shall be governed h~• ~be taw of the jurisdiction in which the Property is located. In the
event that any provision or clauce of thic Mortga¢c c-r the No~e conflicts with appticable law; such conflict shall no~ atfect
other provisions of thic Mortgage or the Ni~tr v-h~ch can be given tffect wiihout the conflic~ing provi~ion, and to this
end Ihe provicions of ~he MorlRage and the.'VMe are Jeclared te be xverable.
16. domnwers CopY. Borrower thall bc turni~heJ a conformed copy of the Note and of this Mortgagc at the time
of execution or after recorda~ion hereot_
17. Trsnsfer of the Propert~~: Accumptioe. If alI or any part of the Property or an interest therein is sold or tnnsterred
by Borrower without 1_ender's prior wntir~ .oncem. excluding (al tht creation of a lien or encumbranct subordioate to
this Mortg~ge. (b) the creahon of a pur.h~ee m~•nrv eecuriry mterest for household appliances. (e) a trancfer bv devise.
descent or by operation of law upon the Jca~h n( a j~~~m tenant or (d~ the gront of any leasthold intercst of threc ycars or kss
not cont~ining an option to purchase, I.ender ma~~. a~ l.ender'e op~ion. decl:,re all ~he sums secured by ~his Mortgage ta be
~mmediately due and payable. 1 cnder chall ha~e w.,~ved s~ich option to arcelente if, prior to the cale or trans(er. Lender
and the persc-n to whom the Property i. n~ be .oIJ or trans(erred reach agrccment in writing that the credit of wch person
is satisfactory to I.enJer and that 1he intcrr.t pa~rAk on tht sums secured by this Mortgage shall be at soch rate ac Lender
shall request. If [_ender has waiveJ ~he opt~on to acceler~te provided ~n ~his paragraph 17, and if Borrower ~ successor in
interest has txecuteJ a wntten assumption agretment accepted in writing by LenJer, Lender shal) reltase Borrowt~ from all
obligations under th~s Mortgage and thc Note.
if Lender ezercius such op~~~n t~ acceleraie. I_enJer ~hall mail Borrower notice of acceleration in accordancr w~~h
pangraph 14 hereof. Such notice shall prov~de a penod of no~ Iess than 30 days from the date the notice is mailed within
which Borrower r»~y pay ~he sumc declrred due. If Borrower fails to pay such sums prior to ~he expiration of ~uch pe~~c~d.
Lender may, without further notice o~ dcmand on liorrower. ~nvoke any remcdies permitted by paragraph IR herc~t.
NON-[TNIFORM~COVENANiS Borrower and Lender furthe~ covenant and agree u follows:
l~. Accekrslion; Rcmcdies. E~ctpt as Prorided i~ psra~rspA 17 Aereot. rpo~ io~ruwers breach ot say corenawt or
a~~ecmeat ot dorrower ie this MorlRa~e. includinR Ihe corenanls lo psr ~+Aea duc aay soins secured by t6k MoNRa~c, i.eadtr
prior lo ~ctekrstioo shdl mail notke to dorrower as provided In psn~rapA 14 hereo( specftrin~: (1) tAe Me~ch: (21 ~he aefb~
rrquircd to core snch bresch;l3) ~ date. not kss ~hsn 30 dsys from the date the notke b matkd to dorroacr. by ~.bkh sucM
b~esch must be corcd: aad (4) lhat failure to cnre srch brcacb oa w betore tAe date spec~ed in Ihe notkc rosy resWt i~
sccckation ot tbe soms sccurcd by this Mori~aRe. tosecbwr~ by jndkial ~oceedlns sad ssk ot Ihe Propertr. The nolke
sAall tarther inform eorror.er oi the riRht to ieinstsfe sflcr accek~stion aed the riRht to as~eA i~ tbe torcclos~re pviceedl~
tbe noa-c:istence of s dctauN or any other defcnse ot dorroMer lo secekrstion aed toretbsure. If tht ~e~cl~ is not ct~red o~
or 6etore the dite specified ia the notice, l.ender at I.ender's Mt{oe ~ar deelare dl ot the wius secrred by th[s MortRaRe to ee
i~nmedistely due snd payible without turther demand ~nd nuy torttbse fhft Mort~a~e by jodklsl proceedinR. f.en~Cr chall
be cotiHed to cdlett i~ s~eb proceedi~ s0 e~penses o( foreclosrre. iaclnAi~. bd ~of limite/ to. nasonask sn.rrnev's fees.
111d tOSLS O~ AO~Y~At111Yy tY1At11Ct. sbsiracts ind Iitk nports.
19. son~owt~'s Ri6ht lo Rtinstdt. Nolwi~h~~anJinK I ender's accelerat~on ot Ihe sums secured by th~~ Mongaae.
Borrower shall have the r~ght to have am prcke~dme. Fx'~in by Lender t~ en(orct th~t M~rtgaqt dnconhnutJ at any umt
a~;~x 346 NacE 456
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