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I.ender'c wnttcn agrecmcn~ or appl~cable law. Borrawer shall pay thr amuunt ~~f all mnNgagc inturancc prcmiums in Ihe
mannrr, pruv~dcd undcr paragraph ? hercof.
Any amountc ditihurccd by I r~dcr punu•rnt lu ~his paragraph 7. w~~h -ntrncl Iheroun. chal) t+ccome additiam)
in~kMednr~c u( liurruwrr ucunJ hy ih~. Murtgage Unle~~ B~~rmwer and ( rnJet agree to other tertnc at payment, such
amouM< ~hall hc payaMc uM~n nuiicr fmm I.rnde~ lu Burruwrr ~eyuc~ling p:rymrnl Ihcrc~~(, apd Shall bea~ inter~tt from the
dale of di~bursement at ~he ~ate payahle tmm time lo t~me un outuanding pnncipal -mder thc Nate unlesc payment of
interest at such rate woulJ he contrarv t~~ applicable law, in which event ~uch amounlc chatl hcar interest at the highest nte
permissibk under applicabk law. Nothing c~•mained m Ih~~ paragraph 7 chall requ~re I.ender to incur any expense o~ take
any action hcrcunder.
a. IsspetHoa. I.e~der may make ar raa.c ta hc made reau~nable emries upon and inspections o( the Ptoperty. provided
that I_ende~ shall give Bora,wer n~~acr pri~~r ~i~ a~y ~uch inspect~on specifying reasonabk cause theretor related to Lende~'s
inleresl in the Propehy.
9. Cademnatioa. The pnxeedc of any •rward ar claim for damages. direct or conseque~tial, in m~noction with any
condemnation ar other taking of 1he P~operiy, or pan thercot, cN tor conveyance in lieu of condem~ation. ~re hereby assiaood
and shall be paid to Lender. ~
in the event of a tot~l laking of Ihe Praperty. Ihe proceeds cha11 be applied to ~he sums seaircd by tfiis Mo~a~e.
with the excess, if any, paid to Bonower. ln ~hc cvent of a panial taking ot tht Property, unless Borrower and Leader
o~herwise agrce in writing. Ihere shall he applied to ~he cumc securcd by this Mortgage such proportia~ ot the procoeds
as is equal to that proportion which ~he am~.~u~t o( thc sumc secured by Ihis Mortgage immediatcly prior lo the date of
taking bears to the hir markN val~rc of ~he P~a~Kr~y immediately prior to the dale of ~aking, with the balance of the procetds
paid to Borrower_
Tf the Propeny is ahandoncd hy R~~rrowc~. ~r if. at~er no~Ke by l.ender to Borr~wer that the condemoor offers to make
an award or cetNe a claim for damace~, B~•rri~wer fail. ~i. rc~~nd t~ 1 ender within i0 days at~er tht date such notice is
mailed. i_ender ic authorizrd to collec~ and apply ~he procecds, at I.ender i optian, either to restontion ar rcpair of the
Prope~ly or to the sum~ ~ccured by thi~ M~rt~aFe.
Unless I.ender and Borrow•er otherwic~ agree in writinc. any such application of pr~ceeds to principa) shall not extend
or pcxlpone the due date of the manthlv inslallmcn~s rcferrcd to in paragraphc 1 and 2 hereof or thanae the amount of
xuch installments.
10. Borrower Not Released. Fxtensian of the time for payment or modification af amortization of the sums securcd
by this Mortgage granted hy I eniie~ to any cuccecuir in interect of Borrower ~hall nat operate to rcleau, in any manner.
the liability o( 1he original Bonower and Borrower'c succesu.rt in intercst I.ender chall not b~ rcquired to eommenee
proceedings against such cucceuor or refuse to ertenJ time for paymtnt or otherwiu modify amortizat~on ot the sums
secured by Ihic ?-torigage by rcason of any demand made by the ori¢inal Borrower and Borrower s succescors in interecl.
11. Fo~bea-ance by I.ender NM a Wdrer. Any fnrhearaoce hy I.ender in exerci~ing any right or remedy hercande~, or
otherwix affarded hy applicable law. shall nc-t be a waiver af or preclude the exercise of any such right or rcmedy_
The procurement of insurance nr tht payment of taaes or other liens or chargec by I.ender shall not be a waiver of Lender's
right to accelerate ~he maturity of the indebtednexs cecured hy thic MortgaRe.
12. Remedies CnmulsN~e. All rcmedies provided i~_thic Mortgage arc distinct and cumulative to any olher right or
rcmeJy ande~ this Mortgagc or affordcd hy law or equi~y. and may be exerciud concurrcntly, independently or successively.
' 13. Setcessors and AsaiRes Bound; .]oint snd Sereral i.iabiiity; Captbns. The covenants and agreements ~ hercin
contained shall bind, and the riRhtc hereunder shall inure to. the recpective succe~sors and asiigns of Lender a~d Borrower.
subject to ~he provisionc af paragraph 17 hereof. All covenants and agreementc of Borrower shall be joiry and several.
The captions and headings of the paraRraphc of thic Mongage are (or convenience only and arc not to be osed to
interprct or define the pravicionc herec~f.
11. NWke. Exctpt tor any n~~~ce rcyuired under applicable law to be given in anolher manner. (a) any notice to
Borrower pr~evided (or in lhis Morlgaee chall be grven hy mailing cuch nofice by certified mail addresud to Barrower at
the Property Address or at such iHher addres~ as Bc.rrower mav decignate by no~ice to I.enJer as provided herein. and
(!>) any notice to Lender shall Fx g~ven by certified mail. re~urn rece~pt requecled. to I ender s address stated herein or to
cuch other addrest as I.ender may deci¢nate hy n~tire tc. B~rr~wer as pro~•ided herein. Any notice pmvided for in this
Mortgage shal) be deemed ~o havc heen Fiven lo B~rr~wer or Lender u•hen givcn in the manner designattd herein.
1S. Uni(onn Mort~a~e: Covernin~[ Iaw; Se.erability. Th~c form of mortgage combines tmiform covenants for national
use and non-uni(orm covenant~ wi~h IimiteJ vanatiuns h}• ju~~cd~rlion to consti~ute a uniform security instrument covering
rcal propetty. This Mortgage shall be governed h~~ ~he law of the juricdiction in which Ihe Property is located. in tht
event ~hat any provision or clauu of thie M~rtgace ~r the N~.te conflicts wi~h applicabk law. such conflict shal) not alfect
other provisions of this Mortgage or the N~-tr wh~ch can he gwen eBect wi~hout tht conflicting provicion, and to this
end the p~ovisions o( ~he MortRagc and ~he '~Inte are ~Icclarcd to tx uverable.
16. EorrowePs Copy. Borrower thall t-c furni~heJ a conformed copy of the Note and of thit Mortgage at the time
of execulion or af~e~ recordation hereo(.
17. Transier ot tht Prope~lv: Ascumplion. I( all or an~• part ot ~he Property or an interest lherein ic sold or transferrtd
by Borrower without I.tnder's prior wn~~.~ ~ununt. excluding la1 the crea~ion o( a lien or entumbranct subordinate to
this Mortgage. (bl the creat~~n o( a purch~K m~~nrv kcurity ~nterest for househald appliances. /e) a trane(er hy devise.
descent or by operation of law upon ~he Jcath of ~ ~~~~nt tenant or fdi tht granl of any leasehold intercsl o( thrce ycars or kss
not containing an option ta purchase. I e~Jer ma~•. at I.er.der'~ opt~on. declare all the sums secured hy thin Mortgage to be
~mmedutely due and pa~'able. I.ender tihall h~ve N,uved such opuon to accrleratt if, prior to the wlt or transfer. Lender
and the person to whom tht ProFxrty i. ~n Ix .oIJ ~-r ~ransferred reach agrerment in wrNing that Ihe credit of wrh person
is salisfutory to LenJer and tha~ Ihr in~crr.t payabk on the sums ucured by thie Mortgage shall be at such ra~e a~ I_ende~
shall request. 1t Lender has waiveJ Ihe ophon to accelerete provided m this paragraph 17. and if Borrrnver'~ wccasor in
interest has executed a wntten as~ump~~on agrcement accepted in wri~ing by I.ender. [_ender shall releace Borrower from all
obligations under this Mor~gage and the N<.te
It Ltnder exerciuc wch opUnn 1~~ accelerale. I.ender ~hall mail Borrower notice of acceleralion in accordenc~ M i~h
paragraph 14 hercof. Such no~~ce ~hall p~ov~dc a pcruxi of not less thao 30 days fram ~he date the notict is mailed within
which Borrower may pay the sums declered due. If Borrower fails to pay such sums prior to ~he expiration ~f cuch penod.
L.endt~ may, withaut further no~~ct ~r Jcmand ein lMrrower, invoke any remedits perm~tted by pangraph 18 hereof_
NON-UNIFOIIM COVENANTS Borrower and l.ender further covenant and agree u tollows:
IA. Accekration; Remedies. EYCep as provldcd ia psraRraph 17 hcreo/. ~~. s~o..ers a~~ ~r aAy ~o.~~~ or
a~reemest ot dorrower i~ tbis MorlgaRc. includin~ Ihe co~ea~ats to pay wl~en due sny snn~s secured br thk MoetRa~e. Lendtr
prbr to ~cctkntion sbdl m~il notict lo dorro.rer as provldeA In Psrsanph 11 bereot specftyins: (1) Ihe bre~ch: 1211Ae scfiow
required to core soch brcuh; /3) a date. no~ less ~han 30 dsYs fmm tbe dale the notice b e~aikd to domoner. by wAkh sucM
b~escA must be cored; aad (4) Ihat tailure to cure sdcb brescb on or bc(ore the dNe speclfied iw tAe oMice nnr resolt i~
~ccderation ot tbe suens secured by this Mo~aRe. fo~eclosure br judicial rroceed{eK and sak ot IAe Property. 71~e nollee
shap t~Ahcr inform aorrowe~ ot the ri~hl to nipsfMt sfter accekratba awd tht ~A1 M asseA in the toreclosntr'roeeedi~
tbe aon-existence ot ~ detsuk or sny Mher deteese o~ eorroner to ~cccknfion ~nd tonclosrrt. 1/ tbe bresc~ is not cn~+eA o~
or beforc tht dafe sPecf6ed in 1he notict, l_ender a~ I.endes's aptba msy declue aq o1 tht son~s stc~red by tAk MortRaRt fo be
immedi~ttly due and psrablt wilhaut tuMher demand and mir /orecbst tAb MottRa~e by judkW /rottedlnR. I.~nder chall
be entitkd to collect in wch proceedi~ all e:peous ot foreclos~ro. Inclndir~. Mtt aot Umiled to. re~sonssle st~~~rnevs fets.
awd costs ot docuraeatary evidence. sbslncts and lilk «poAs.
19. domor-er's RiRht fo Reinstste. No1wHh~tand~nK 1 endtr't accelerahon of the sume ucured by th~c S1onEagc.
Borrower shall have Ihe nght to havc am pr~xccd~ne. hrfun b~ Lcndtr t~ tnf~~rce th~t M~r~gaqe dmm~tinueJ a~ ~ny timt
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