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Lc~Jrr'c writtcn agrecmc~~ or applirable lew. Borrowcr shall pay Ihc amuunt of ~1) morigagc in~urance premiums in the
m~nncr pruwdrd unJcr par;~Fraph 2 herco(.
Any amounh di.h~~r.cd hy 1 cn~lcr purtiuanl ~u ~his pa~agraph 7, w~~h mtrrect Ihereon, chall IKCOmc addi~i.~nal
in~lcb~edne~e of liurrawrr ~ccund hy Ihn tilur~gagc Unlc~~ Rorruwe~ and (~nJer a~rqe~tA other~lcrmc of payment, cuch
am~~u~~~ ~hall hc pavaMr u~x.n n~Hirc fmm 1 cnder t~. Bormwrr -cyuc~ting p~ymrnt thcrcuf, anJ chall hear intcrett from U-
da~c of di.burcrmcnt a~ thc ratr payaMr (mm limc to time un outstandinR principal ~mde~ the Note unlesc payment of
interett at such rale wauld 1-e contrarv a~ appl~cable law, in which event ~~~ch amoimtc ~hall hcar interest at the highest rate
permissible under applicable law. Nothing r~~nr.~ined ~n thic prrag~aph 7 chall rcquire Lender to incur any espe~se or take
apy action heteunder.
a. laspection. Leoder may male i-r rau,r ta he madc reaconable entriec u~n and inspectiont of the Propetty. provided
Ihat i.ender shall give &irrower oo~icr pri+•r a. any ~uch inspection specifying rrasonabk cause thercfor relatod to Lender's
interest in the Property. ~ ,
9. Coodemaatbn. The proceedc of any av-•ard o~ claim fo~ damages, dirce~ or consequential, in connoction with aey
condemnation or other Iaking of the Propeny, or pa~t thereo(, or far conveyanee in liou of condemnation, are he~eby usigned
and shall be paid to Lender.
In the event of a total laking of the Propeny, the proceeds chall !~e appli~d to ~he sums secured by Mis MoKgage,
with Ihe excess, if any, paid to Borrowe~. In ~hc cvent ot a partial taking ot ~he Proputy, unlc.u Borrower and Lender
atherwix agroe in wriling, therc shall he applied to the cumc securcd hy thix Mortgage such proportion ot the proceeds
as is equa) to that proportion which the amounl ~t ~he sumc xcured by lhis Mortgage immediately prior lo the date ot
taking bearc to Ihe fair marke~ value of ~he Pn~~xr~y immediately prior to the date of ~aking, with Ihe halance of the proceeds
paid to Bormwer.
If the Propeny ic ahandoned hv Ror~oK•er. ~x if af~er notice hy l.end~r to Bormwer that the condemnor offers to mahe
an award or celtle a claim for Jama~r~. H~~rmwer f:~~l. t~ rec~c,nd to 1 ender within 30 days a(ter the date such no~ice is
mailed_ LenJe~ ic authorized to cc-Ilcc~ and appt~~ ~he pracecdt. ai I_ender's option, either to restoration o~ repair of the
Propcrty or to Ihc ~um~ ~ccurcd M• ~hi~ Monkagc.
Unles~ 1.ender and Borrov-~er olherwice agree in u rilin~. any such applicalion of prc~eeeds to prineipal shall not eictend
or pc,c~pc~ne ~he duc Jaie of the monthl~~ installments re(erred t~ in paragraphs 1 and 2 hereot or changc the amount of
cuch installmentc.
10. Borrower Not Rele~sed. Fxtension of the time (or payment o~ m~+diRcation o( amorlization of the sumt securcd
by Ihis Mortgage granled by t.ende~ to any cuccecsc~r in intere~t of Borrower chall no~ o~+erate to releax. in any ma~ner.
the liabili~y ot ~he original Borrawer and Bc+rrower'c succcsu~rc in interes~. I.ender chall not be required ta commence
proceedings against cuch successor or refuse to ettend time fo~ payment or otherwiu modity amortizat~on of ~hr sums
urured b}• thic Mortgage hy reascu~ of ~ny demand made M• the oriQinal Borrower and Borrower s successors in interect.
11. Forbearance by I.eoder Nof a Wairer. Aoy f~rhearance by I.ender in exercising any right or remedy hercunde~, or
otherwise afiorded by applicahle law. shall not lx a waiver ot or preclude the exercise of any such tight or remedy.
The procurement of insurance Qr Ihe payment of taxec or other liens or chargec by l.ender chall not be a waiver of Lender's
right to accekrate the mawriry of the indebtednecs cecurcd hy thic Mongage.
12. Remedies Cumulali~e. All rcmedies provided in thic Mortgage arc dis~inct and cumulative to any other ri~ht or
remedy unde~ this MortRage or aftorded by law or equity, and may tx exerciud coocurrcntly. independently or succ~csively.
~ 13. Successors and Assi~os Bound: Joial and SereM i.iability; CspHons. The covenants and agreements hercin
conlained shall bind, and the riRhtc herEunder shall inure to. the respective succetsnn and assigns of Lender acid Borrower.
subjtct to the provisionc ot paragraph 17. hereof. All covenants and agreements o! Borrower shall be joiry and sevenl.
The captions and headingc of the par~graphi of thic Mortgage are for convenience only and are not to be ' uad to
interpret or de6ne the provisions hereot.
14. NMke. Except for any notice required under applicable law ~o be given in another manner, (a) any notice to
Borrower pr+ovided for in thic Mott~taee shall tx given hy mailing such notice by certified mail addresud to Borre+wer at
the Property Address or at such other addres. as Bo~rower mav decignate by no~ice to I.ender as provided htrein, and
(bl any notice to Lender shall he given by cer~ificd mail. rc~urn rece~pt rcquected. to 1 ender s addrets stated hereio or to
~uch other address as I.ender may deci¢nate by noti~e te. B~rrnv-~er as pro~•ided herein. Any notice provided for in this
Mortgage shall be deemed to havc t+een R~vcn to B~rrawer i~r Le~der when grven in ~he manne~ designated hercin. ~
1S. Uniform MoNRa~e; Covernin~ I.aw: Se.e-abilily. Th~c torm of mortgage combines uniform covenants tor national
use and non-uniform em•enamc with IimiteJ vanaUonti h~• juncJ~ction to rnnstitule a uniform security instrument rnvering
rcal property. Thi~ Mortgage sh-rll be governed hv the law of the juricdiction in which the PropeRy is locattd. In tht
event that any provision or clauu of thic Mortga¢c ~~r the N~.te conflicts wi~h applicabk law, such conflict shall no1 afket
aher provisions of this Mo~tgage or the N~ur wh~ch can be g~vrn eBect wi~hout the conflicting provicion, and to this
end the provisions ot the MortRagc and the N~,~e are Jcclared to t~e severable.
16. sormwePs Copy. Bor~ower chall be turni~hed ~ conformed cop}• of ~he Note and of this Mortgage at the time
ot execution o~ afler ~ecorda~ion hereaf_
17. Transfer oI the Propertv: Acsumption. If all ar any part of the Pmperty or an interest therein ic seld or transferred •
by Borrower withnut I.ender's pn~r v-•nt~~n ~umem. e~cluding (a1 the crcation o( a litn or encumbrance subordinate to
Ih~s Mortgage, fbl ~he creahon of a purch~« m~~nev «curiry m~erest f~r household appliances. Ic) a trancfer hy devise.
descent or by o{xralion of law upc~n Ihe death o( a j~~un tenant or ld~ the grarst ot any leasehald interesl of Ihrec ycars or Itss
not containing an option to purchase. Lender may. a~ 1 ender'c option. declare all Ihe sums secured by Ih~s Mortgagt to be
~mmediately due and payable I.cnder SFI:iII F1:I~C N,uvcd such opUOn ~o acrrlerale ~t, prior to the wle or Iransfer. Lender
and tht person to whom the Praperty i. ~~~ tx .ol.l ~x trans(erred rcach agrermem in writing that the credit ot wch person
is satisfactory to I_enJer and Ihat 1he inlrrr.~ pa~able on the sums seeured by this Mortgage shall bt at such rale ac 1_ender
shal! rtquesl. If l.ender has waived Ihe aption to acceler~tt provided ~n ~his paragnph 17, and if Borrower'~ wcceswr in
interest has uecuted a wntten assump~ion agreemrn~ accepted in wri~ing by I.ender. Lender shall ydease B~rrower ~re+m all
obligations under this Mor~gage and the Note. '
If [.ender exercius such opl~on 1~ a~celer~~c. (.enJer ~hall mail Borrower notice of acceleration in accordanc~ Hiih
paragraph 14 hereo(. Such notice thali provide a period o( not less than 30 days f~om ~he date tht notice is mailed wi~h~n
which Borrower may pay ~he sum~ derlared duc. I( Borrower f~ils to pay such sums prior to the expintion of wch penc~d.
Lenck~ may, wilhoul further not~ce or dcmand on Horrower. invoke any remediu permit~ed by parograpfi I R hereof_
NON-UNIFORM COVENANTS Borrower and Lender funher covenan~ and a`tee as tollows:
18. Accekralbn; Remcdks. E:ceq as prov{ded in psra~npl~ 17 bereo/. upo~ eormwe~s breacw of any co~ensM or
a~reement ot Qorrower in this MorlRaRe. includinR the corenants to pay aben due ~ny snms stcured br Ihk Mort~~e. i.ender
prior to accekrstbn shdl mail notice to dorrorrer as provWed in psrs~raph t4 hereot speclfyin~: (1) the Sre~ch: II1 tAe selb~
rcquired to cure such bresch; (31 s date. no~ les Ihan 30 dars twm the dste thc notice is miiled to dorror.er. by whkh wc~
b~cach must be cond: ~nd (1) tAat tailun lo cnre sotb bre~cb ow or be(ore thc dMe speclfied M th~ nolke msr resdt i~
~ccekntion ot tbe snens secured by this MortR~e. /o~ecbwrr ~ judkial proceedi~ a~d ssk ot tbe ~ropcrty. 71~e notlee
shdl furthrr inlorm Eormwcr of tA~ ri~bt Io reinslate M~er ~ccckratb~ and IAe riRht to astert iw tt~e foreelosnre ~noceedl~
tbt aon-ezisttnct ot s detauk or anr other dtten~t of eorrower to accckrstion iad (orttbsurc. 1/ the brescl~ [s sot c»rea o~
or 6etore Ihe date specified in the notice. I.ender at I.ender's eplbw rutr declm all d the wms iecrrt~ Ily thk MortRaRe to be
ima~ediattly due ~nd payible wilhout furthe~ dem~nd ~nd mar torecbst Mls Mo~a=e by jodkW proceedinR. ~.eo~ler cAdl
be eotiNed lo colleet In sncb ~roeeedinR all etpences ~~( ~oreclos~re. includin~. b~t wo1 dmfted to. rtasonable a11~~rneti's fees.
and cosRs ot docunie~fary e~idence. abstrscts ~nd lille rrports.
19. Donower's RiRht to Rtinstde. Notw~Ih~~andinK 1 ender's accelerat~on of ~he sums ucured by ~A~s Mongage.
Borrower shall havt tht nghl to have am pnxc~dmc~ hc'~~n by Lcnder Io tn(~rre th~~ :~1~r~gaqe d~sconl~nueJ a~ an} time
~~,~x 346 P~~E 475 ~ . ,
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