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1 cndrr'c wnUcn ~grc~mcm or applicahic lew. I3orrower shall pay the amount a( all mortgage inwrancc prcmiums in the
mann~r pruv~dr~l undcr pa~agraph 2 herco(.
Any amuum~ di~h~inc~l by 1 rndcr pur`uant ~u ~h~s pa-~g~a~h ~, wqh u~icrcct thcreon, chall hccomc addiliona)
inilcMcdnc~c uf RurruN~r ~ccund by ~h~~ M~~~~gage Unlc~~ Horruv-e~ anJ I rnJrr agrec to othcr Icrmc ot paymcnt, such
am~.un~c ~h~ll hc payablc uMm nulic~ fn-m I rndcr to Burrc-wrr rcyue~ting paymrn~ thc~caf, a~l.chall hcar iMercst from the
dale of dicburccment at thc ratc payahlc fmm timc to lime i~n autstandinR principa) under th~ T3ote unlecc paymeof of
interes~ :~t such rate would he contrarv to applicablc law, in which evcnt ~uch amounts ~hall hca~ intcrest at thc highest rate
permissible under applicable law. Nalhin~; can~ained m ~his p•rrag~aph 7~hal) rcquirc I.ender to iocur any expense o~ take
any action heteunder.
- 8• I~spectioa. I.endcr may makc ar rai~.c ~o hc made ~easonable eotriet u~+c~n and inspections of the Property; provided
that i ender shall give Borrower nat~cr pri~~r w aoy .uch inspection sptcityin6 reasanabk caux thertfor rclated to Lender's
interest in the Pmperty.
9. Condcmnation. The proeredc ot any award or claim for damaga, dircc~ or consequential, i~ rnnnoction with a~y
condemna~i~n or other laking af the Propeny, or part thercof, o~ fot conveyance in lieu of condemnation. ate hercby assigood
and shall be paid to I.eoder. ~
in ~he event of a total taking of Ihe Prapeny. the procee~s chall be applied to the sums securcd by this Mortaage,
with the excess, it any, paid to Borrower. In ~he event ot a partial taking of ~he Property, unless Bomawer and I~ender
o~herwise agrce in writing. there shall be applied tc- the sums acurcd by this Mortgage such proportion of tht proteeds
as is equal to that praportion w•hich thc amounl a( ~hc sumc securcd by this Martgage immedialcly priar to the date of
laking bears to Ihe fair market value of the Pru~xr~v immediately prior to the date of taking, with the balance of the procetds
paid to Borrower. ~
If the Property ic abandoneJ by Borrowe~. ~r if. after ~o~ice hv f.ende~ to Borrower that the condemnor of~en to makt
an aw;~rd or cetNe a claim (or J~m~t;e~. Bnrmw•er fail. t~. re~~+c~nd to I ender within i0 days after the date such natice is
maited. LenJer i~ authorizcd to colkct and apply ~he proceeds. at I.ender's aption, either to restoration or repair of the
Property or t~ th~ cum, ~ecured M~ thi~ Mon~age.
Unlesc l.ender and Born.v-er atherwik agree in writ~nc. any such application of pre~ceeds to principal shall not extend
or pc~ctpone the due da~e of ~he monthlv inctallmentc referred to in paragraphc 1 and 2 hercof or change the amount of
such installments.
10. Borrower Nof Rtla~sed. Extension of the time tor payment or modification of amortization of the sums securcd
by this Mortgage granted by I.ender to any cuccessc~r in interect of Borrower chall not opente to rciease, in any ma~ner.
ihe lia ility of the oriqinal Borrower and Bc-rrower'c soccessorc in intertst. I.ender chall not be rcquircd to commence
prcxee~ings against such successar or reft~se to ertend time for paymeM or otherwi~e modify amortization of tl-e aums
ucurcd by thic Mortgage by rcason of any demand made by the ~ri¢inal Borrower and Borrower s succeston in interect.
11. Forbeannce by I.ender Not s Waiver. Any forhearance by I.ender in erercising any right or remedy hercunder, or
~therwix aBorded by applicable law, shall not be a waiver of c+r preclude the ~aercise of any such right or nmody.
The procorement of insurance or Ihe payment of taxes or other liens or charges by I.ender chall not he a waiver of Lender's
right to aecelerate ~he malurity of the indehtednecs cece~red hy thic Mottgage.
12. Rrmedies ComulaH~e. All rtmedies provided in thit Mortgage are distinct and cumulative to any other right or
remedy unde~ this Mor~gage or afforded hy law or equi~y, and may !x exerci~ed concurrcntly, independently or socttssively.
' 13. Sncceswrs and AssiRns Bound: .Joiat and Seversl f.Lbility; CspHons. The covenants and agreements herein
can~ained shall hind, and the riRhts hereunder shall inure to.~the rcspeclive successors and assigns of Lender aod Borrower.
subject to the provisionc of paragraph 17 herco(. All covcnanls and agreementt of Borrower shall b~ joiry and several.
The captions and headings of the paragraphc of thic Mohgage are for canvenience only and arc not to be oced to
interprct or define the provicions hertof.
14. Nofiee. Except for any notice required under applicable law• ~o be given in another manner, (a) any notict to
Borrower pr~ovided tor in thic Mortgaee chall be given by mailinR cuch notice~by cerlified mail addresud to Borrower at
she Property Addrcss or at such other addrest as Borrower mav designate by notict to l.ender as provided herein, and
(b) any notice to Lender shall he given by cenificd mail. retum rece~pl requested. ~o I enders addrets stated herein or to
cuch other addresc as I_ender may decienate b~- n~~ice tc• Borre.wer as prov~ded hercin. Any ~otice provided .for in this
Mortgage shall be deemed to ha.c t+ecn Riven to Barrowcr i~r Lender when grven in Ihe manoer designaled herein.
15. Unitorm MortR~e: GorerninR I.aN; Se.erability. Th~ti form oi.mortgage combines uniform covenants for national
use and non-uniform cmenant~ with limired variationc ht ~unsJiclion to constilutt a uniform secu~ity instrument covering
rcal properly. This Morrgage shall be govrrned hv the law of the jurisdiclion in which the Property is located. In the
event that any provision or clau~t of thi~ Mortgage or the Note conflic~s wi~h applicable law, such conflict shall not aftect
other provisions of ~hic Mortgagt or the he~tr vrhich can t+e grven effect wi~hout the conflic~ing prmicion, and to this
end the provisions of thc MortRage and the 'Vote arc decl~red to be xverable.
16. dorrower's Copy. Borrower thall br turni.hcd a rnnfo~mcd copy of the Note and of this Mortgage at the timt
of execution or after recordation hercof.
17. Tnnster o/ the Propertr; Assump~ion. If all or any pan of the Pniperty or an intercst therein ic sold or transterred
by Borrower without [.ender's pnor wrm:n ~nmem. erctuding (al the crca~ion of a lien or encumbranct subordinalt to
this Mortgage, tbl the crcauon of a purch~.r m~~nr~• ~ecurity mterest tor household appliances. (c) a ~rancter h~ devist.
descent or by operation of IaM upc~n Ihc ~lcath o( :, ju~n~ tenan~ or (d- the gram of any leasehold intercst of thrcc years or kss
not containing an oplion to purchase. LtnJer m:~~_ at 1 ender'~ opUon. decl;,rc all Ihe sums secured by this Mortgage to bt
~mmed~ately due and payable. l ender chall ha.e w.uved such opl~on to :+cr~lerate if_ prior to the cale or transfer. Lender
and the person to whom the Propetty i. tr t+r .~•I.1 <,r transferred reach agrerment in wr~ting Ihat the credit of auch penon
is satisfactory to 1_enJer and Ih~t Ihe in~rr~.~ pa~able on the sums secured by this Murtgage shall be at such rate ac l.ender
shall request. If 1_ender has waiveJ the opuon to accderate provided m ~his paragraph 17, and if Bortower i~uceessor in
inter~st has exuuted a wri~teo assumpnon agreemem accepted in wri~~ng by l_ender, Lender shall release Borrower trom all
obligations under this Mortgage and the Note.
If Lender exercixes such option to ac~elerale. I_enJer chall mail Borrower notice of accderation in accordanc~ ~.~~h
paragraph 14 hereof. Such notice ~hall prov~de a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums derlared duc. I( Borrower lails ~o pay s~Kh sums prior to the expiration of ~uch per~c~d.
Lende~ may, without further notice c.r ~kmand on Borrower. ~nvoke any remedies permitled by paragraph IR hercof.
NON-UNIFORM CUVENANTS Borrower and l.cnder tunher covenant and agree u follows:
18. Accelerstba; Remedies. Exctq as ProvWed ie pira~nph 1~ 6ereo/. ~pos aorro~+ers bnacM ot any co~ensM or
atreemeot o/ Borrower ia this Mort~aRe. includin~ thc covenants to p~y wbea due any sums securtd by this MorlRa~e. I.ender
prior lo accekrstion shdl mail noticc to doROrre~ as provWed tn parqnph 14 hereot specltrins: (1) the Mrach;121 ~he actba
requircd to cure sach breach; (3) s date. not kss ~hsn 30 dsys from tbe d~te the notice b malkd fo Sorrowcr, br which sucA
b~esch mwi be cured; snd (4) Ihst tailurc to care snch breacb on or beton Ibe dMe specWed ia lhe aotke m~r resuN i~
accckntion ot the snms secund by IAis MorlRsRe. to~eclowrr by judkial proceedin~ and sde ot the ProPc~. 'il~e nollet
shdl turthcr inform Borrower of the riRht to ninslsfe sfler acctk~stbn ~nd Ihe ~At b assert in the torttlosrrt p~oceedf~
tbe aon-etastence of a defauk or any olher defense of donoae~ to ~cttkrstion snd tortc{osae~e. It Ihe A~e~cA is not cured ow
or bctore the date specified in tbe notice, I.ender at t.endtr's eplfw~ iway Aeclare aq ot tbe soius secrr+cd by tAis MortRaRe to be
immed'uttly due snd psyabk withoul further dem~nd and msy fotcclost fhb Mwi~a~e Sy j~dicW ~roteedin~. I.ender shdl
be totitled to col{ttt in st~cb procetdin~ all expenses nf (oreclot~ro, inclodint. but wof Y~nifed to. nasonabk sta~rner•s fees.
a11d COSLS O~ dOCY/AlAI~ lYldllKl. sbstrscts and Ii~le reports.
19: Sono~+er's R~ht to Reinstde. Nolwilh~l~nd~n~t 1 ender's acctleration of the sums ~ecured by th~s Mortgage.
Borrower shall have the ngh~ ~o have an} prcxe~d~ne: tx'un b~ Lender to enfo~ce Ih~s M~rtgaqe dnconlmutJ a~ an} Ume
BOOK 346 Pa~E 511
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