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Lendcr'c wntten agreement or appl~cable lew. Horrower shall pay Ihr amount ot all mortgage inw~ance prcmiums in 1he
manncr p~uvidr~~ unde~ pa~a~;raph 2 hercot.
/1ny amount~ ili~h~irccd by I cn~lc~ pu~~uan~ t~. thic paragraph 7. w~th in~crr~sS ~htlton., shall F+ecome addiliona)
in~lrhtcdnr~c uf R~~rr~-Nrr ~rcured by th~. Ni-n~agc Unlc.c-BorruNCr and 1 rndcr aRroc to athe~ tcrmc ~.t p~ymcnt, :ui:h
am~.unh ~hall hc paraFlc uM-n nulicc f~~~m 1 rndcr t~~ &-rrowrr ~eyur~~ing p•rymr~t thrreot, anJ sh•rll hear inle~ett fmm the
date ot di~borxmenl al ~hc ratc payahlc fmm timc to time ~m o~qxtanding principal under the Note unlesc payment of
interest al such rate would he con~rarv a~ applicable law, in which evem ~uch amoun~x shall I~ea~ interest at ~he highest ~.e
permissible u~der applicable law. Nulhing a~n~ained iu thic paragraph 7 chall requirc I.ender to incu~ any expense or t/ke
any action hereunder. •
8• laspection. I.ender may makc i.r c~nu t~~ he made rcaconable entries upon and iospections af the Property. provided
tFat l.ende~ shall give Borrower nut~cr pri~~r ~a any ~uch inspection speci(ying reasonabk caux thercfor related to LendeP~
~nterest in the Property.
9. Coademnation. The prcxeedc o( any award or claim for damages, direcl or conxquential, in connectan wilh anv
condemnation ar olher ~aking of the Prapeny, o~ part ~hercof, cx tor conveyance in licu of condemnation, are he~eby usignal
and shall be paid to Lender.
in the event of a total taking of the Proper~y, the proceeds chall be applied to the sums securcd by this Mort~aae,
with the excess, if any, paid to Borrowe~. In ~hc cvent of a partial taking ot Ihe Properly, unless BoROwer and Lender
otherwise ag~ce,in .writing. therc shall be apptied to the cums securcd by this Mongage such proportion of the procoeds
as is equa) ta that proportion w~hich the amounl ~f ~he sumc secured by ~his Mohgage immediately prior to the date of
taking bears to the tair market value of ~he Pru~xriy immediately prior to the date of Iaking, wilh the halance of the procetds
paid to Bormwer.
If the Praperty ic ahandoned b~• Bormwer. ~r if after notict hy I.ender to Bormwer that ~he condemnor offen to make
an award or settle a claim for dama~r~. H~+rr~w•e~ f~~l. a. re~pnnd t~ I.ender witFiin 1Q days atter the date such notict is
mailed. I.ender i~ authorizrd to rnllec~ arxl appl~~ the pn+cecdc. at Lender c option, either to rcstontion or repair of the
Prapcny or to the ~um~ .rcured h~~ thi. Mi~rtgagc
Unlesc Lender •rnd Borrower othen-~~ec aFree in K rihnc. an~• such application of procetds to principal shal) not extend
or ~ctpone Ihe due da~e of the momhlv inctallments reterred to in paraRraphc I and 2 hereof or cfiange the amount of
cuch inslallments.
10. Borrovrer Not Released. Extenaion of the Iime tor paymeM o~ modi6cation of amortization of the sums securcd
by this Mortgage granled by I enJer to any cuccecsor in inlcre~t of Borraw~er chall no~ operote to rclease. in any ma~ner.
the liability of ~he original Borrower and Bc-rrower i soccesu~rc in in~eres~ l.endtr chall not be rcquired to commence
proc~edingc against such xuccessor or rc(use to ertenJ ~ime tor payment or othen~•itie modify amortizat~on ot thr •ums
cecured by Ihis Mortgage hy rcason of any demand made by ~he ori¢inal l3orrower and Borrower s successc~rs in interect.
11. Forbeannce by i.ender Nof s Wdrer. Any fc.rhearanre by I.ender in exerci~ing any right or remedy hercimder, or
othervvix afforded by applicahle law. shall n~+t be a waiver of or preclude the exercise of any such right or rcmedy.
The proc~~rement o! insuraoce o~ Ihe payment of tatec or other liens or charges by I.ender ~hall not tx a waiver of I.tader's
right to accelerate ~he maturity of the indeb~ednecs cecurcd hy thic Martgage,
12. Remedies Cumulati~e. All rcmedies providtd in this Mortgag~ arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity. :ind may be eierciud c~ncurrcntly. independently or successiv~ly.
' 13. Successon snd Assi~as Bonnd: Joint and Several I.iabiliry; C.spHons. The covenants and agreements hercin
comained 3ha11 bind, and the riRhts hercunder shall inure to. the recpectivt succetsorc and assigns of I_ender a[-d Borrower.
subject to the pravision~ of paraRraph 17 hereo(. l~ll covenants and agrcementc ot Borrower shall be joiry and several.
The captions and headings of the paragraphc of this M~ngage are for convenienc~ only and arc not to be ined to
interprct or define the provicionc hereof.
14. Notke. Except tor any noticc rcyuired under applicable lavr to be given in ano~her manner, (a) any notice to
8orrower provided for in this Mor~ga¢e chall be given by mailing such noace by certi8ed mail addressed to Bor~~wer at
~he PropeAy Addresc or at such wher addresc as &xrower mav decignat~ by no~ice to t ender as provided herein. and
(f~) any notice to Lender shall he given by cenificJ mail. retum receipt rcquetted. to 1 ende~ s address stat~d herein or to
cuch other address as [.ender may deci¢nate by n~tire ~c~ Borr~wer as pro.~ided herein Aoy nolice provided for in this
Mortgagt shall be deemed ~a havc t+een given to Bc~rrc~wer or Lender w•hen grven in the manner designated herein.
1S. Unifor~n Mor1R~e; Governin~ Ia.+: Se.erabilit~~. Th~e form of mortgage combines oniform covenants for national
ux and non-uniform co.•enan~c wi~h IimiteJ variationc h~ ~untJiction to consti~ute a uniform security instrument eovering
rcal properly. Thic !Nortgage shall be governed hv ihe l~w~ of ~he junsdiction in which the Property is located. In the
eveot ~ha~ any provision or clau~e of thic M~rtga¢c ~~r ~he Note conflicts with applicable law, such conflict shall not aftect
o~her provisions of this Mortgage or Ihe N~~tr which can be g~ven effecl wi~hout the conflicting pmvicion, and lo thu
end the provisions of ~h~ Mortgagc and the 'Vote arc ~kclared to be severabla
~ 16. dorrower's Copy. Borrower ~hall t~c fl~rnnhed a conformed cupy of the Note and of this Mortgage at the time
of execution or af~er recorda~ion hereof.
17. Trsnster of tAe Propertv: Acsump~ion. If all or any part of ~he Property or an intercst therein ic sold or tnnsferred
by Borrower w~th~ut I.ender's pric.r wnn;n ~un~en~. etcluding la) tht creation ~f a lien or encumbnnce sutardinate to
th~s Mortgage. Ib) the creat~on of a purcha.r m~~ne~• cecuriry mterest f~r household appliances, /c) a trancfer hv devise.
descent or by operation of law upcm the dcath 1~f a jianl Icnant or (dl the grant of any leasehold intercst of Ihrcc ycars or kss
not containing an oplion to purchase, l enJer ma~•. at 1 ender'~ opt~on, decl~re all Ihe sums secured by this Mortgage to be
immediately due and payable. l ender ~hall h~.c w,uved cuch opUOn to a~crlerate it, prior to the cale or transfer. Lender
and the persnn to whom the Property i, tu Fx .~IJ ~x transferred reach agrerment in wri~ing that the credit of wch penon
is satitfactory to 1.enJer and that ~he mtcrr.~ pa~able on ~he sums secured by this Mortgage shall be at such rate ac I.ender
shall request. If 1_ender has waived ~hc c~puon to accdeute provided in this paragraph 17, and if Borrower ~ wccessor in
interest hac executed a vvntten ascumpiion agreemen~ accepted in writing by [_ender. Lender shall releax Borrower from all
obligat~ons under this Mortgage and thc No~e.
~ If Lender exercixs such opt~on te. ac~ek~ate. I.enJer ~hall mail Borrower notice of acedera~ion in accordancc ~~th
p~ragraph 14 hereof. Such no~~ce chall prov~de a peric~d of not less than 30 days (rom the date the no~ice is mailed within
which Borrower may pay ~he sumc declared dne. If Borrower fails to pay such sums prior to ~he expiration o( ~uch peruxf,
Lender may, wi~hout furthcr nodce c~r dcmand on Borrower. invokt any remediu permiued by paragraph 18 hercot.
NON-UNIFORM COVENANiS Borrower and I_ender (urther covenam and agret u tollows:
18. Acceknt'an; Rcmedks. E:ceq as provided ia p~~nph 1'f hereo/. opos Eo~rowers brescA ot aey covena~t or
a~reemcat of Borroacr in Ihis Mort~aRe. includinR Iht co~tnanls to psy whea due aay sums sec~red by thfs MortR~e. I.tade~
prior lo ~ccekraNon shali mail notice ~o dorro~-cr as provMed in para=rapb 11 Aereo~ specifyius: (1) Ihe breich:121 tAe sctba
requlred to cnre snch brrsch;l3) a date. not less ~Aan 30 dsrs ~rom the date tAe notke b malkd to dorror.er. br wAich sucA
b~each mwt be cnnd: and (1) IAat fsilurr to cn-e soch breuM os or Sefore the date specN'ied in the notke miy nsuM i~
sccekntion of 16e sun~s sccured br this Mo~1RaRe. to~ecbwrc Ay judkid proceedin~ and sde o/ tbe rwpcrry. The notlce
shall futther inform eonower of Ihe riRhl lo reisslsfe dter ~ccckratiow snd Iha ~ht to asscrt ia t6e fortcfos~re Noeetdf~
tbe non-existenct of a dctauN or any Mher defence o/ Sorroaer fo sccdersfbn snd fotecbsrre. Ii the 6rt~c~ is nof cweed o~
or beforc Ihe date speci6ed ia the norice. I.ender at I.e~er's ~Iba war declart ~ ot the sra~s stc~red by thb MortRaRe fo be
immediately due and paysble without (u~tl~er dem~nd ~nd msr torrclost Mis Mal~sse by jodkfal proeetdin~. l.en~er chdl
bt totitled to topeet M wc6 proceedin~ aD espenses ot fo~tclos~re. Inclndin~. ent not Omiled to. nasonsbk atl~~rne:'s fets.
and costs ot docuiatntary e~ldence. sbstrsc~s ~nd lille reports.
19. Sorrowers Ri~h1 Io Rtitlslsft. NotwNhtil~nd~~K 1 ender's accelerat~on of the sums ucured by ~h~c Mortg~ge.
Borrower shall have the right ta havc am prcxe~dme. tx~~in b~ Lender to enforct 1hn M~rtgaqc d~sconAnucJ at an~ time
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