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I cndcr'c wnucn agncmcm or applirablc tew. Borrower shall pay thr amuun~ ot all martgage inwrancc premiums in the
mannrr pruv~dcd under paragraph 2 hercoL
Any am~~unt~ di~hur«d hy I.cn.icr pur~u•rn1 tu ~his pan~graph 7, wi~h u~trrccl thereon, shall F~ea~me additianal
m~l~btrJnccc of Ra«uwrr ~currd by ih~~ Mun~;age Unle.ti Horrowrr and 1 rn.ler agree to o~hc~ lcrlni pt payment, such
amountc ~hall hc payablc u~-n n~-tirr f~~~m I rndcr ~<~ B~~rrowcr reyuecting prymcnl Ihcrcuf, and shall btar inlerest from the
date of dicburcemenl at the rate payahle trom ~ime to ~ime on aulstanding p~incipal under the Note unlecc payment of
interest al such rate wauld be contrarv ~~ appl;cable law, in which eve~t a~ch amounts ~hall hear intercsl at Ihe highect rate
permissible under applicable law. Nulhing comaineJ ~~ Ihic paragraph 7 shall requirc I.ender ta incur any eapense or take
any action hcreundcr. ~
8• lasptefioa. I.ender may make ~r ca~nr te. he made rea~nahk en~~iec upon and inspections of the Property. provided
t!~at !_ender shall give Rorrowe~ not~ce p~i~-r ti~ :my wch inspection specifying reasonabk cause therefor rclaled to LendePs
interest in the Pmperty.
9. Coedcmnation. The proceedc of any award or claim for damaga, dircc~ or consequential, in connoction with a~y
condemoation or other taking of the Property, or part thercof, or for conveyance in lieu of condemnation. are hereby sssigned
and shall be paid to [.ender.
in the event of a tot~l taking of the Proper~y, the proceeds chall be applicd to ~he sums securcd by tfiis Mo~taage.
with the ezcess, it any, paid to Bonower. In ~he event of a partial laking of the Properry, unlesc Borrower aod L.ender
othenvise agree in writinR. Iherc shall he applied to ~he sums secured by this Mortgage such proportion ot the proceeds
as is equal to that proportion w•hich the amount ~.f ~he sums secured by this Mongage immediatcly prior to the date of
takiog bwrs to the fai~ market value of the Pmpcrty immediately prio~ to the date of taking, with the balance of the proceeds
paid to Borrower. ~
If the PrapeNy ic ahandoned bp Borr~wer. or if. after notice hv I.ender to Borrower that Ihe condemnor oAen to make
an award or xttle a claim tor Jama~rti. B~~rrower (ail. to ret{x.nd to 1_ender within i0 days aher 1he da~e such notice is
mailed. i_ender ic authorin-d to rnllect and apph• 1he proceeds, at I.ender s option, either to rcstontion or repair of the
Property o~ to tht sum~ cccured bv thit M~r1~ta c.
Unles; I.ender and.Bd-row!'MMI~w~~~~Iifwri~~ng, any such appliration of praceeds to principal shal) not extend
or pcxtpc~ne the due daNt~M Y~f:1~nMiR~RM~~'~MI~I~Ms rcferred ta in paragraphs 1 and 2 hereof or change the amount of
such inalallments. -w-ff M 1~IY1~ M[tt
10. Borrower No1 Rekased. Extencion of the time for payment or modification of amortization of the sums securcd
by this Mortgagc gnnted by I.ende~ to any cuccecwr in interect of Borrow~r chall not operate to rclease, in any manner.
the liability of the original Borrower and Borrower i succesce~rc in intercst. 1_ender shaQ not be required to commence
proceedingc againct such successor or refuce to ertenJ ~ime for paymer.t or otherwiu modify amortizal~on of Ihr sums
urured by thic Mortgage by rcaccM ot any demand made b~ the oriQinal Borrower and Borrower s successors in in~erect.
11. Forbeannce by i.ender Not s Waiver. Any f~rhearance by I.ende~ in erercising any right or remedy hercunder, or
otherwix afFordni hy applicable law. shall ne~1 be a waiver ot or preclude the exercise of any such right or remedy.
The procurement of insurance or Ihe paymen- of taxes or ather liens or charges by I.~nder shal) not he a waiver of Lender's
right to accelerate the matu~ity of the indehtednecs cecurcd hy thic Mortgage.
12. Remedies CnmulaH~e. All remedies pravided in thic Mortgage are distinct and cumulative to any other right or
remeJy under thic Mor~gage a~ aHorded hy law or equity, and may be exerciud concuirrntly. independently or succesiively.
' 13. Snccessors aed As~es Bound; ,,1oin1 aad Sereral I.iability; CspHons. The covenants and agreements herein
contained shall bind, and the riRhts hercunder shall inure to. the rcspective succecsors and assigns of Lender aod Borrower.
subject to the provisiona o( paragrapfi 17 hereof. All covenants and agrcements of Borrower shall be joiry and several.
The captions and headings of the par~Rraphc of thic Mortgage are for convenience only and arc not to be uced to
interprct or define the provicionc hereof.
14. NWke. Excep~ for any notice requircd under applicable law to be given in another manner, (a) any notice to
Borrower provided for in thic Mor~gaee chall be given by mailing such notice by certifled mail addrecsed to Borrower ar
the Property Address or at such othcr addresc as Borrower mav detignate by notice to T.ender as provided herein, and
fbl any notice to Lender shall he given by certificd ma~l. return receipt requested. -ro I ender s address suted hercin or to
such other address as Lender may decignate b}~ n~lire tc. Borrower as prov~ded herein. Any notice pmvided tor in this
Mortgagt shall tx decmed to havc hccn given to Borror-•e~ or I.ender when given in the manntr dtzignaled hertin.
1S. Uaitorm MortRa~e: Covernin~ I_aw; Severabilit~•. Th~c (arm o( mortgage combines uniform covenants for oational
use and non-uniform covenantc with IimiteJ vanations b~• juricdiction to constitute a uniform security instrument rnvering
rcal property. Thic Mortgage shall be governed hv thc law nf the juritdiction in which the Property is located. Tn the
event ~ha~ any provisian or clauce of thic Monga¢e ~r ~he Note conflic~s with applicable law, such conflict shall not aBect
other provisions of this M~rtgage or' the N~.tr wh~ch can be given effecl without the conflicting provicion, and to this
end the provicions of ~he Mortgage and ~he 'Vo1e arc ~kclared to tx uverable.
16. So~ower's Copy. Borrower thall be furni.heJ a con(ormed copy of the Note and of Ihis Mortgage at the time
of execution or after recordatian hereof. ~
17. Traaster of tbe Properiv; Atcumption. If all nr any part of ~he Pmperty or an intrrcst therein ic sold or tnnsferred
by Borrower without I.ender's pnor vrrm: n.~,neent. e~cluding lal the creation ot a lien or encumbrance subordinate to
this Mortgage. (b1 ~he creaUOn ~[ a pur.ha.r m~~~evi cecurily interest tt-r household appliances, (N a trancfer hy devist,
descent or by operation of laN upc~n the dcath ot :, j~~~nt tenant or (d~ ~he grant of any ltasehold intercst of Ihrcc ycars or kss
not containing an optidn tn purchase. I.enJer may. -r~ t_ender'~ ctption, declare all the sums secured by th~s Mongage to be
~mmediately due and payable. Lender ~hall h~.e v-.uved such option to accrlerate if, prior to the cale Of transfer. Lender
and the person to whom the Proper~y i. ~~~ t,c coW or trans(erred reach agrermrnt in writing that the creJit of euch person
is satisfactory to I_enJer and that the intrrr.t pa~•able on the sums secured by this Mortgage shall be at such rale ac Lender
shall request. lf I_ender has waived thc.opt~on ~o accelerate provided in ~his paragraph 17, and if Borrower's ~uccasor in
interest has executed a wri~ten ascomp~ion agreement accepted in writing by l_ender. Lender shall release Borrower trom all
obligations under Ihis Mortgage and the Note.
If Lender exercius such opt~on t~ ac~elerate. I.enJer chall mail Borrower notict of acceleration in accordancr u~~h
parag~aph 14 hereof_ Such notice chall prov~de a period of no~ less than 30 days from ~he da~e the no~ice is mailed within
which Borrower may pay the suma declared due. It Borrower tails to pay such sums prior to ~he expiration of euch peru~d.
Lendcr may, withoul (urlher notice c-r Jcmand on.t3orr~wer. ~nvoke aoy remedits permit~ed by paragraph I!{ hercof.
NON-UNIFORM COVENANTS Borrower and l.ender further covenant and agrce as follows:
18. Accelentba; Rcmcdies. Except as provWed in paraRnph lT bereof, d~. so~o..~r: e.ti.~~ ot .py ~o~~~~ or
a~reemcet of Borrower ia this MortRa~e. includln~ 1be covenants to p~y when due ~wy snms sec~tred by tbk MorlRa~e. T.endc~
prior to accekntbn shdl mail notke lo dorrower as provided la psra~raph 14 hereot speclfy~n=: (1) the breach: 12) IAe sctbA
reqnlred to core snch breach; 13) a dste. not less than 30 days irom the dNe the notke b m~iled to domower, br which sucl~
b~each must be cared; aad (4) Ihst tailure to cYre svch brescA ow ot betore Ihe dite specN'ied fn Ihe notke may ~esuN i~
accekrstion ot ~be soms secured by this MortRaRe. to~ecbsure ~ judkid procetdin~ snd sak ot tbe Prope~. The notke
shall turiher infonn donowcr ot the riRht Io reinstate d~cr ~ccekMbn snd tMe ri~Al to asseA iw the tortcbsrte Noeeedl~
tbe aoe-existtnct ot s defauN or any Mher detense ot dorroaer lo scctl~tsfio~ snd (oretlostre. If Ihe b~escA is not crecd ow
or betore the date speci6ed in Ihe notict, l.endrr at I.ender's eplbw w~ry .deelm a11 ot tht stin~s sea~t~ed by thb MortRa~t fo bt
immediatcly due and paysble wilhoul tutiher demand and ~nsy forrclose this Mort~a~e by jrdkW proeeedfnR. I.~nAer chaN
be eotitled to cofleet in snch pwcecdin~ sll e:penscs .~f toreclosuro. lnclodins. but ~ot li~nited to. reasonibk sn.~rner•s Eees.
and costs of documtatary e~idence. sbstncls and iitle repoAc.
19. Eorror-ers Ri~h1 to Reinstite. Nolwith~~~ndin~t 1 ender's accelenl~on o~ the sum~ cecured by ~h~c Mortgage.
Borrower shall have Ihe nght to have am prcxerdmc. hr~nn b~ Lender t~~ en(~rce Ih~~ M~r~gaqe d~scont~nucd a~ m} hme
acoK ~46 p~GE ~1~
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