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Lcndrr'c w~qtc~ agrecmcnt or apphcablc law. Horrower shaU pay ~hc amuun~ of all mohgage inwrance prcmiums in the
mannrr pruvidcd undc~ paragraph 2 hereo(.
llny am~~un~~ ditihunr~l by 1 cmlcr pu~.~~ant Iu ~his pa~.~g~•rph 7. w~~h ui~rrcct thercon, shall I~ccome additional
inJcMcdnc~~ ~-f B~~cmNr~ ucurrd hy ~h~. MunKagc th,~c~~ Rorruwcr and 1 rnJcr agrcc to olhc[ ~ertns ~it paymcnt, such
amouM~ ~hall hc payaMc uM~n na~i~-r fn,n- I cndc~ ~o Nc~rrowr~ reyue~iing paymrnt lRcfco(, and thall hear inte~est from the
da~c ot disburscment at thc ratr pavahlc fmm timc [o ~imc on oultla~diog principa) under Ihe NMe unlesc payment of
interest al such ratc would he cc.ntrarv ~~~ applirablc law. in which cvent ~uch amounlc ~hall hcar in~crest a1 the highest rate
permiuibk under applicablc law. N~-thing cun~aincd ~n Ihi~ paragraph 7 chall rcquirc I.ende~ to incur any expeose or take
aoy actio~ hcreundcr.
S• I~specflon. I.endcr may makc ~.r ca~~u t~~ hc mack rcaconahle cntriec upon and inspections of the Propetty, provided
that l.ender shal) give &xrowet nul~cc pri~~~ te~ any ~uch inipec~~un cpecifying rcuonabk cause the~efo~ rclated to La~de~'t
interest in the P~operty.
9. Coedemnstion. Thc prc~ccedc o( any aw•ard ar claim for damages, diroct or consequential, in connoction with any
condemnation or other taking of the Praperty, or pan tAercof, cK for conveyance in lieu of condcmoation. ate hereby atsianed
and shall be paid to I.ender.
in the event ot a total taking of the Pmper~y, the proceeds chall be appleed to the cums secured by this Mo~aae,
with the excess, it any, paid to Barrower. 1~ thc event ot a partial taking of the Propeny, unless Borrower and Lender
atherwise agree in writi~R, therc shall bc applied to thc sums securcd by this Mortgage such proponion ot the proceeds
as is equal to that proportion w•hich 1he ami~unl ~( ~he sumc ucurcd by this Mortgage immedialely priar to the date ot
taking Ixan to the fair market value of thc Pm~xrtv ~mmediately prior to the date of ~aking, wi~h the Aalance of the procetds
paid to Borrower_
If the Property ic ahandoneJ hy Borrnw~er. ~.r if after nMice by I.ender ~o Rorrower Ihat the condemnor oBers to make
an award or ce~~le a claim for d~maer~_ B~•rn.wer tail. t~ reti~+nnd to I.ender withio i0 days af~er the dale such notice is
mailed, i_ender ia authoriard to collcct anJ 5pplv ~he pre~cceds. at I.ender i option, either to rcstontion or repair ot the
Praptny or lo Ihe wm> >ccured hy ~hit Mc~r~~alrc
Unlesc Lender and BorroNCr olherwicc agree in wriUng. any cuch application of prcxeeds to principal shall not extend
or pcxtpone Ihe duf'dat! ot the man~hlv inctallm~nlc reterred to in paragraphc 1 and 2 hereof or change the tmount o~
cuch installments. -
10. Sorrower Nof Rekased. Extensian of Ihe Iime t~~r paymen~ ar modification of amortiution of the sums socu~ed
by thic Mortgage granted by l.erxler to any supcessor in intcrec~ of Borrower chall not apente to rckase, in any manne~.
the tiability af the origina) Borrower and Bc-rrower'~ xuccessorc in interest. 1_ender shall not be required to commence
proceediogs againct such succcssor or rctux t~ e+ctenJ time for payment or otherwice modify amortizatwn of thr sums
secured by thic Mortgage by reason of any demand made by the orieinal Borrower and Borrower s successon in iMercct.
11. Forbeannce by i.ender NM a Waiver. Any (~rhearance by I.ender in e+cercicing any right or remedy hercunder, or
othervvix afforded hy applicable law. shall ~x-t be a waive~ of or preclude ~he eaercix of any such right or remedy.
The procurement of insurance pr Ihe payment of taxes or other liens cx chargec by [.ender ~hall not be a waiver of [.endet's
right to aecele~ate ~he maturity of the indehtedneu cecurcd hy thic Mortgage_
12. Remedi!! Cnmulsth~e. All rcmedies provided in this Mortgage are dis~inct and cumulative to any o~her ri6ht or
rcmeJy under this MortgaRe or aBordcd hy law or equity. and may be exerciud cancurrently, independently or successively.
~ 13. Srccessoa snd Assi~as Bound; Jo1~t sad Seve~al I.isAilNy; Captbns. The covenants and agreements hercie
conuined shall bind. and the riRhtc hercunder shall inure to. Ihe rccpective succecsors and azsigns of ~ender_ a~d Borrower.
s~bject to ~he provisionc of paraRraph 17 hereof. All covenants and agreementc of Borrower shall be joiry and several.
The captions and headingc of the paragraphc of ~hic Mortgage are for conven~ence only and arc not to be u~ed to
interpret or deBne the provicionc herec~f.
14. NMke. Eacept for any notice reyui~ed unckr applicable law to be given in Snother man~er. (a) any notice to
Bo~rower pPOVided tor in thic Mongaee chall be given by mailing such not~ce by certifled mail addressed ~o Borrower at
the PropeAy Address or at such o~her addretc as Barmwer mav dec~gnate by noiice to i.ender as provided herein, and
(b) any notice to Lender shall he given by cerlifieJ mail. relum rectipt reque~ted_ to 1 ender s address stated herein or to
such other addrcss as I.ender may deci¢natt by nMire tr Bormwer as pro~ideJ herein. Any notice provided fw in this
Mortgage shall be deemed to ha~•c heen R~~•cn to R~rr~~wer or 1_ender when given in Ihe manner designated herein.
1S. Uaifonn Mort~a~e: Covernin~ Ia~+: Severabilit~. This fo-m ot mortgage combines uniform covenants tor national
use and non-uniform covenantc with IimiteJ vanations h~ ~urrcdiclion to consthute a uniform security instrument rnverina
real property. This Mortgage shall be governtd hv the lavv of the juritdiction in which the Property is located. in the
event that any provision or clauce of ~hi. M~ngacc or ~he Noie conflicts wi~h applicable law, such conflict shall not aBoet
other provisions of thic Mqrtgage or the Notr wh~ch can be g~ven effect wi~hout Ihe conflicting provicion, and to this
end the provisions of ~he MortRage and the ^Iolc arc ~kclared to F~e Severable.
16. Sorrower's Copy. Borrower thall tx (urni~hed n conformed copy of the Note and of thii Mortgage at the time
of ezecution or af~er recorda~ion hereof.
•17. Tra~ter ot the Propertr: Acsump~ion. If all or any part of the PropeNy or an interest therein ic sold or tnnsterred
by Borrower wqhout [.ender's pnor wnn.-n ~.~nu~t. eicluding la1 ~ht creation o/ a lien or encumbnnce subordinate to
this Mongage. Ibl the creation of a ~ur~h.,.r m~~~e~• ~ecurity mterest f~r household appliances. (e) a ~ranster hy devist.
desceM or by operation of law~ upon the dca~h ~.f a j~nnt ~enam or (~U ~6e gram of any Icasehold intercst of ~hree years or kss
not containing an option to purchase. I endtr may. at I.ender'~ op~ion, dtcf,rc all ~he sums secured by this Mortgage to be
~mmediately due and payable. Lender ~hall h~ve N,uved Sach ophon to :+:rrlente if. prior to the cale or irans(er. Lender
and the person to whom ~he Proper~~ i. t~. M.o1J or ~rrns(erred reach agre~ment in wr+~ing that Iht creJil ot cuch person
is satisfactory to LenJer and thnt the interr.~ pa~•abk ~~n the sums ucured by tbia Mor~gagt shall bt at such ratt ac Lender
shall request. If I.endu has waived the opt~on to -rccelerate provided in this paragraph 17, and it Borrower's wcceswr in
interest hac executed a wntten assumpi~on agrcemem accepted in wri~mg by l.ender, i_e~der shall release Borrower frc-m all
obligations under this Mor~gage and the Note.
I( t_endcr exercius such opt~on ~~. acreterate. I_enJer tihall ma~l Bo~rower notice of accderotion in accardencr w~~h
paragroph 14 hereof. Such not~ce chall provide a pericxi of not less than 30 days from the date the notice is mailed wi~hin
which Borrower may pay the sumc declareJ due. If Bonower fads to pay soch sums prior to ~he expirnion ot wch pencd.
Lender may, without (urther notice ar dcmand on Horrower. ~nvoke any remedies perm~t~ed by paragraph IR hercof.
NON-UNIFORM COVENANTS Borrower and Lender further covenant and agree u tollows:
18. Accekntioa; Remcdies. Excep as provlded ia ps~raph 1'f Aereot. ~p~ Sorrowers bexM of a~y co•e~t or
a~rtemtat of dorrower iA Ihis Mo~7Ra~e. Includln~ tbe corenants to pay Mhea d~e ~nr snms secured Sy tAis MorlRaRe. l.ender
prbr lo ~ctelerotba shdl mail notice to eorrowcr ~s ~rovlded la psra~raph 14 hereot specltyiu=: (1) thc brescA: 1211hc sctio~
required to core snch breach;l3) s date. not less than 30 days trom the dMe the noticc is miiled lo eorr+oner. A~ wAkh wcl~
ae~ch ~nmt bc cored: and (4) ~bat tailure lo cure srcA bresch ow or be/w~c tt~c date speclfied iw tAe notke msy nsdt h
•ecsk~stioa ot the sams secnred by ~h~s Mort~sRe. foreclos~n by jndklal ~oceedi~ n~d sak ot tbe Prooe~. 71~e wotke
shall further intonn Dorro..cr ot tbe ~ht to reiestate d~er ~ceekrstb~ sad tl~e riRAt b a~serl i~ tre foreclosrrt ~octedi~
Ibt non-e:astenee ot s detsuN or any olher defense o/ dorroner to sectkratbn aad toteclosrrt. N the brescb is not ce~+ea o~
or bctore fhe dite specified in the notice, l_ender a~ t.ende~'s npiow w~~ declaR iM ot N~e serws see~rrd br this MortR~e /o be
imtnedLtely dut ~ed psyable wilhout tuAher demand ~nd may forrclose thb Mo~a~e by jodkW ~roccecdfnR. i.ender shaq
be totitkd to colletf ie wcA Orottedir~ sll e:penus ~~f toreclotnre. iacludi~. bnt iwf limiled to. ftafOMAIt ifl~~llleY'f ItK.
aud cosls o~ doc~w~eatary e~fdence. abstrscts ~nd Iitk nports.
19. So~+o~-er's Ri~hl to Reirutste. Notw~lh~land~nK 1 tndtr's acceleration o/ Ihe sum< <ecured by ih~s Mongage.
Borrower shal) havt Ihe nght to have am pnxecd~ne• tx'~~n b~ Lender Io enforct fh~~ M~ngaqe d~sc~nUnued a~ an~ umt
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