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Leni~cr 5 wntten ~grEement or ~lppiiCdvlE Idw Borrower 5h~i11 ~~~y ihN ~lmOt~1) M ~yAt)A ~ris~~~1y~ Nremium5 ~n tiit
mdnner prov~de;d unc~er paragraph 2 he~eot .,'~~ ~`" •.
Any amounts d~sbursed by ~ender pursudnl to th~5 ~~arayraph 7 w~th ~nteresl tnereon, sr,aiE become acid~l~ona~
~ndeD~eUness ol Borrower securec! by th~s Mortgaye Unless B~~rower and lenUer agree lo othe- lerms ot payment. such
dmounts shall b~ payabie upon not~ce trom Lender to Borrower requestmy payment thereot and shai~ bear ~merest t-om the
ciate of d~sbursement at the ~ate p~ayable t~om Ume to bme on outstanci~ng pnnc~pa~ under ihe Note unless payment ot
~nterest at such rate wouid be contrary to appifcable iaw in wh~ch eveni such amounts shatt ~ear ~nierest at th~ higheSt rale
perm~ss~ble under appl~cabte ~aw Noth~ng contamed ~n th~s parag~aph 7 shall requ~-e Lender to ~ncur any expense or take
any act~on nereunrier
8. (nspection. Lender may make a cause to beynade reasonabie entnes upon and ~nspect~ons of the Property.
prowded tha! Lendershall g~ve Boirowe-notiCe pnor loany such mspechon spec~ty~ng reasonabie cause tnerefur reiated to
Lender s ~merest ~n Ihe Property •
9. Condemnstio~. Theproceedsotanyawardo~c~aimlurUamages cinectorconsequent~at ~nconnecUonw~thany
condemnat~on or other takmg ol the Property, or pa-1 ~hereot. or tor conveyance ~n ,~eu ot condemnat~un hereby ass~yne~~
and shalt be pa~d to Lender
In the event ol a.total takmg ~f the Property, Ihe p-oceec/s sha~~ be app~~ed to ~ne sums secu~ed by th~s Murtgage
w~th the excess. ~1 aQy patd to BorrGwer. In tl~e eve~t ot a pe-hal lak~ng ot the P-operty unless Bonower and Lender
otherw~se agree ~n wnt~ng. there shall be appi~ed to the sums secureu by th~s Mortyaye such proport~on ot the proceeds
as ~s equal to that proport~on wh~ch the amount of the sums secured by th~s Mortgase ~mmeU~ately pr~or to the date of
tak~ng bea~s to the ta~r market vatue ol the Property ~mmed~atery pno- to Ihe date ct tak~ng. w~th the b8lance of ihe proceeds
pa~d lo the Borrower
It the Prc~perty ~s abanhonec~ Uy Borrowe~. or ~t atte~ noUCe i~y Lende- to Sorruwer that the conUemnor otfers to make
an award or Settle a cla~m fo- damages Boirower fa~ls to respond to LenUer w~th~n 30 days atter the date such no;~ce ~s
rna~ied. Lender ~s aumon~ec~ to conect and app~y the proceeds at Lender s op~~on. e~ther ro restorat~on or repa~r ot Ihe
Property or to the sums scc~~ed by lh~s Mortgage.
- lfniess Lender anc~ Bvrrower otherw~se ay-ee rn wr:Ung any such appt~cahor, of proceeds to pnnc~pa~ shali not exten~!
or postpone the due date of !he mor,tniy ~nstaliments referred to ~n uarayraphs t and 7 nereof or chanye Ihe amounl ot
suCh ~nslallments
10. Borrower Not Released. Extens~on of the time for payment or -nod~ficatiore of amortization ot ihe sums secured
by th~s Mortgage granted by Lender to any successor +n ~nterest ot Borrowe- shalt not operate to release. m any manner.
tne I~ab~l,ty of the a~y~na~ Bor~o~rer and Borrower s successors ~n ~nterest Lender shall not be -equ~red to commence
proceed~nys aga~~st such successor or •etuse to extend t~me for payment or ~therw~se mod~ty amort~zat~on ot the sums
secured by tn~s Mortgage by reason o! any demand made by tre onyma! Borrovrer and Borrower s sucGessors ~n ~nterest
11. Forbearance by Lende~ Not a Waiver. Any forbearance by Lender ~n er.erc~s~ng any r~ynt or remedy hereunder.
or othe-w~se affor~e.f by apphcab~e ~aw shall nOt be a waiver ot or ~rectude tne exerc~se of any such nght or remedy
The procurement Gt ~nsurance or the payment o! taxes or othe~ ~~ens or charges by Lender sha~i not be a wa~ver of Lencier s
nght to accele~ate Ihe matunty of the ~ndebtedness secured by th~s Mortgage
12. Remediea Cumulative. Ait -emed~es prov~ded m ih~s Mo~tgage are d~st~nct and cumulat~ve to any othe- right or
~emedy under this Mortgage or afforded by ~aw or equ~ty, and may be exe-c~sed concu+renuy ~ndependently or sucCess~vely
13. Successon and Assigns Bound; Joint and Several Liability; Captions. Tne covenants and agreements
r,ere~n conta~ned shall b~nd. and the rsghts hereunde~ ~haii ~nure to the respect~ve successors and ass~gns of
Lender and Borrower. sub~ect to Ihe prov~s~ons ot paragraph ? 7 hereot. AIi covenants and ayreements ot Bo~rower shai~ be
io~nt antl severa~ The caphons and headings of tne paragraphs of tn~s Mortgage are tor cove-nence oniy and are not to be
used to~nterpret o! define the prov~s+ons hereoi
14. Notice. Except tor any noUce ~equ~~ed under app~~cab!e ~aw to Ge g~ven ~n another manner ia~ any not~ce to
8orrower provided for ~n ihis Mortgage shaU be g~ven by ma~!ing such noUce by ce-hf~ed ma,i addressed to Borrowe~ at
the Prdperty Address o- at such othe~ address as Borrbwe+ rnay des~gnate by not~ce !o Lende: as prov~ded here~n. and
~b- any noUce to L~nder snan be g~ven by :,e~t~fied ma~t. retum rece~pt requested. to Lender s add-ess stated here~n or tc,
such other address as Lender may des~gnate by not~ce t~ Borrower as p~owded herein. Any notiCe prov~ded for ~n th~s
Mortgage shall be deemed to have been g~•:en to Borrcwer or Lender when given ~n the manner designated here~n
15. Uniform Mortgage; Gover~ing law; Severability. This to-m ot mortgage combines uniform covenanis tos
~d~~U-^.d; i:Sf~ d11(: *~~., ...",i}!ir!n ~~:J~.~. .d"'~ ...T.~~, .. 'E• ..d.'.~i,.,,{lc tp~ i~.~5c1~C'~on io CvnS''~Ut~= d u~~i~r,'1T' SE~r_~!~ty i~IS1fU/TEn~
COVeri(~I!(~ {f~.l~ j)fOE~C't~ T!'E' S:a1E' dRr1 iU! ~i -~::~ .i{:I: ~~.d!, e•'U lhii F:~,;if~~lC~f' S!1dl! t~P I!tP 1avlS Of f.'lE' [ur~5cli!'Tinn in Wh~Ch
1!lE~ rf(j~Jf.'f~'i ;S :li::.dTE'C~ T'lf• ~~;fr:lCii~~ij ~. .,:~..,, t. : ri ,. ~• • ~hF:lii~) ~. ,i:)I~i~'~I ~,t te~~ert~'~rA:: ~ ; 1!~IC (rij'?'.~~.lt~E' ~I? •,hE't?VE~~~
,,f ! , ~~ ' ~• i.~i'F-' ~'1~ ,. .fGI; !C2f:~ r'd1: Sl;'.~, ; .ti}~;,-• cn~i; r~r~• d1fP~_! p!hpr
irnT ~in~~ pro. •~.;,, l~ C'di1S<~ . ~~ . , C}a(~:- ~ ~ . , .
~, ..'~~ 1~17 Ut ;~`:> ~.'~~ ~~C;.f(;~- l• '~~ . ~f• .. ' ' t' . ~F• . . r ~~~•i ...rn ,,. '~F• r ,'~~ ,~ !i^,(j (. .iSl'~!~ .a~l~: i) ~~"~ (.'rllt ~~~f'
UrOY~Si~)~S ~,f tF~n ~v"", '[~.f ~~• •~' . ~ . .'r . , a' . . . . . . i: c.
t6. Borrower's Copy. BOrrplfer S~dl; C,E,`~"~tShE'1 d c;;•?'o~~^e~ cupy o? 'ne Note an~~ o! !h~s t,AOi?gaye at tne ,im@
~~t execu':on or atter recordat~on nereot
17. Transferof the Property; Assumption. I+. a~! or any Uart ot !re prcperty o~ an mterest t~ere~n ~s scid or transte-red
by Borrowe- w~2houi Lenders p~ior wni~en CGnseni exc~ud:ny ~a~ !ne crea+~on ~? a!,en o• encumbrance subo*d;nate to
m~s Mortgage. Ib~ the creat~on of a Ru+cnase money secu~~ry ~~teres~ to+ househo~C appi~ances ~u a transte~ by aews:,
~escent or by ope-at~on ot law upon the death of a ~o+nt fenant or idti the grant of any ieasehold ~nterest of three years or tess
nat conta~n~ng ~n opt~on to purchase lende- may. at Len~er~s opt,on dectare ai~ tne s~ms secured by th~s Mortgage to De
~mmeci~ately due and payahle. Lender shaii have wa~ved such opt~on to acceierate ~I pnor to the sa~e or transfer. Lender
and tne person to whom the Property ~s to be so~d or t-ansfesred reach ag•eement m wnhng that the cred~t of such person
~s saUSfactory to Lender and chat ihe mteresi payabie on the sums secured by th~s Mortgage s~at! be at sucn rate as Le~der
sRail request Ii Lender has wa~ved ;he opt~on to acce,erate prov~ded ~n th~s paragraph t 7. anci ~t Borrower s successor ~n
~nterest has executed a wnitEn assumpt~on agreement accepted ~n vrntmg Dy Lender. Lender shalt release Borrovrer irom a-1
obt~gat~ons under th~s Mortgage and the Note.
If Lender exerc~ses such ophon to accelerate Lenve~ sna!! ma~~ Borrovrer not~ce of acce!erat:on m accordance w~th
paraqraph 14 hereof Such not:ce shall prov~de a per~od of no! iess that 3G days from 1rte date tne not~ce ~s ma~ied w+tn~n
~nh~ch Bo~rower may pay the sums dec-ared due It Borror.er fa~is to pay such sums pnor to the exp~rat~on of such penoci.
Lende~ may. w~thout lurther not~ce or demand o~ Borrower. ~nvok~ any remed~es ~erm~tted by parayraph 18 t~ereot
NC"~-UNIFORM CC~VENANTS Borrower and Lende~ turther covenant and agree as totiows
18. Acceleration; Remedfes. Except as provided in paragraph 17 hereof. upon Bonowers b~each of any
covenant or agreement of Borrower in this Mortgags, including the covsna nts to pay when due sny sums secured
by this Mortgage. Lende~ prior to acceleration shall mail notice to Borrower as provided in paragrsph 14 hsreot
specifying: ~1) the breach; (Z) the sction requfr~d to cure such breach; (3) a date, not less than 30 days from the
dstethe notice is rr.siled to Bo~rower, bywhich such breach must be cured; and (4) thatfailurstocure such breach
on or betore the date specified in the notice mey ~esult in scceteration ot th~ sums secured by this Mortgage,
fo~eclosurs by judicial proceeding and ssle of the Property. The notice shall fu~ther intorm Borrowe~of the rightto
rofnstate siter acceleration snd the right to asse~t in the fomclosure proceeding the norrsxistence of s default or
any other detenae of Borrower to acceleration and foreclosure. If the breach is not cured on or before tha date
speciffed in the notice~ Lender st Lender's option may declare all of the aums secured by this Mo~tgaqe to be
immedistely due snd payable without iurther demand and msy forsclos~ this Mortgage by judicisl proceeding.
Lendsr shall be entitled to collect in such proceeding all exp~nses of foreclosurs. includin9, but not limitsd to.
reasonsbte sttomey's fees, and costs of documentsry evidsnce, abstracts and ~itle r~ports.
19. Borrowers Rfght to Rsinstate. Notw~thstand~ng Lender , acceterat~on ot the sums securecf by th~s Mortgage.
Bo-rower sha!i have the r~ght to have any proceed~ngs Degun by Lender to enlo~ce th~s Mortgage d~scont~nued at any t~me
~~~~34~ ~M~~ 9~1