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1 cnJrr't wnucn agFecmcn~ a~ appl~rablc lew. Norrower shaU pay thc amaunt uf al) mortgage imurancc prcmiums in the
man~rr pruv~dc~i undcr paragraph 2 hereof .
Any amu~im~ ~fi~bur~cd by ! cndcr pur~uanl ~u ~hic par.~graph 7, w~ih u~Icrc~t Iherec~n, shall F~ec~~me additiona)
inil~hirdnr~~ u( Burn~wrr ucurcd hy Ihi~ Murl~age ilnlc.~ B~xruwer anJ I.rnJer ag~ee tA other tertns o( payment, cuCh
am~~untc ~hall tx pavaMc u~x~n n~,iicr imm 1 rndcr to B~,rruwr~ reyocqing paymrnt Ihcre~~(, anJ ~hall hc~r intcrest from /he
date ~it di~burcrment at ~he rate payahle from time to time ~~n outitanding principal unde~ the NMC unletc paymrnt of
interest •rt such rate would he cont-arv ~~~ app)icable law, in which event t~uh amountc chall hear iMertst at 1he highest rate
permissible under applicable law. Nu~hing cuntained m thie parag~aph 7 chall require Lender to ineur any expense or take
any actio~ i~ereunder_
8• laspection. I.ender may makc ar .:a~~.r ~~~ t-e made reaconable entriec upc-n and iospc~ctioos of the P~operty~ provided
that I.ender shall give &~rrower nc.t~cc prinr ~a :,ny c~~rh inspection specitying reasonable cause thercfor relatM to l.ender's
interest in the Propeny.
9. Coodemnstion. Thc prckccdc .,f any award or claim for damages, dircc~ or consequentiat, in co~ooction with any
condemnation or other taking of the Praperty, or part thereof, or for conveyance en lieu of condemoation. arc hereby assigned
and shall be paid to [.ende~.
1n the eveot of a total taking of the Property. the prc~ceeds shall be applied to ~he sums securcd by tfiis MoR~age,
witfi ihe excess, i( any, paid to Borrowe~. Tn the evenl of a pa~tial Iaki~g ot Ihe Property, uniess Borrowe~ artd Lender
otherwise agree in writioR, therc shall he applied to ~he sums serured by this Mongagt such proportion ot the pmcoeds
as is equal to that praportinn w•hich the ~m.iunt ~.i ~he sumc ucured by this Martgage immediately priar to the date of
taking b~an to 1he fair market value af thc Pm~xrty ~mmediately priar to the date ot taking, with the balance of ihe proceeds
paid to Borrowcr.
If the Praperty is aband~ned b~• Bnrrn~~•er. ~.r if_ :~f~er nrnice hy l.ender to Borrowe~ that the condemnor otfen to make
an aw~~rd or SetNe a claim (or dam~CC~. B~~rr~wer fa~l. ~o ret~nd m I_ender within i0 days ai~er the date such notice is
mailed. I_ender ic authorirrd to collect and ~~ri~• ~~;~ proceeds, at I.ende~ s aption, either to restoration or nepair of the
Property or to the tumti ~ecured hy thi~ M~rtgage_
Unlesc t_ender and Borrow~er otherw•i~c agrce in writ~ne, any such application of praceeds to principal shall not extend
or {xxlpc~ne Ihe duc date c•f the monthlv inslallmenls reterred to in paragraphc 1 and 2 hereof or change tht amount of
cuch installmenlc.
10. Borrower Not Rtlessed. - Extension of ~he time for payment or mcidification of amortization ot the sums secured
by thic Mortgage granted by I.ender to any cuccecsor in interect of Borrower ~hall no~ operate to rclease, in any manner.
the liability of the oriqinal Borrower and Be~rrower i sucrescorc in intercs~. I.ender shatt ~ot he reqoired to eommence
proceedings against such succcuor or refuse ta ettenJ time far payment or atherx•ice modify amartizanon of the ~ums
secured hy thic M~Agage by rrau~n of ~ny demand made by the oriqinal Be~rmwer and Borrower's succeston in intercct.
11. Forbeannce by I.ende~ Not a Wdver. An~• fnthearance h}• I.ender in etercicing any right or rem~dy hercunder, or
o~herwise afiorded hy applicahle law. shall nM he a waiver ot or preclude ~he exercise of any such right or rsmedy.
T~e proc~~rement ot inw~ance or the payment of ta:es or other liens nr charget by I.ender ~hall not he a w~aiver of I~ndePs
right to accelerate the maturit~~ of the indehtedneu cecurcd hy thic MortgaRe.
12. Remedies Cumulati~e. All remedies provided in Ihic iNortgage are distinct and cumulative to any o~her right or
remeJy unde~ this Mortgage ar afforded by taw or equity, and may tx exerciud ccx~currcn!!y. independenlly or successively.
' 13. Snccessors and Assi~ns Bound; ,,loint and Sevenl i.iabillfy; CapHons. The covenants and agreements hercin
comained shall hind, and the riRhtc hereunder shall imire to, the rccpective succetu~n and auigns of Cender aod Borrower.
subjeet to the provisionc ot paragraph 17 hereof. All covenanls and agrcementc of Borrower shall be joi~ and stveral.
The captions and headingc of the paragraphc of thic Mortgage are tor convenience only and a~e n.~t to be used to
interprct or define the provicionc htre~t.
14. Notice. Except for any no~icc required under applicable law to be given in another manner, (a) any notice to
Borrower provided for ~n thic Mortga¢e shal( be givtn by mailing such notice by certified mail addtesxd to Borrower at
the Property Address or at such othcr addresc as Barrnwer mav detigna~e by no~ice to I.ender as provided herein, aod
(b) any notice to Lender shall t~e given by cer~ifieJ m•r~l. return rece~pt requetted. to [ ender's address s~ated herein or to
cuch o~her addrest as Lender may de~ignate by n~tice ti~ B~~rrc.w•er as provided herein. Any notice provided for in this
Mor~gagt shall fx deemed to havc heen ~~~•en to Bormwer ar Lender when g~~•rn in ~he manner designated herein.
1S. Uaitonn MorfR~e: Governin~ [a.~; Se~erabilil~. Thic (orm of mortgage combines uniform covenants tor national
use and non-uniform rnvenantc with IimiteJ vanahan~ h~ ~uncd~ction to constitute a uniform securiry instrurrKnt covering
rcal p~oper~y. Thit Mc+ngage chall be governed hv the law of ~he juris.fiction in which the Property is located. In the
event that any proveseon ar clau~e of thi. Mongagc ~•r the N~,te conflectt vvith applicable law, such conflict shall not affect
olher provisions of thit Mortgage or Ihe N~~te which can ~-e grven _efTect wilhart the conflicting provicion, and to ihis
end the provisions af the Mo~tgage and ~hc '~1~~tc are dccl~red to Ix xverable.
16: Eorrower's Copy. Borrow~er ~haH Ix turn~~hed a conformed copy ot the Note and of this Mongage at the time
of ex~cuteon or af~er recordation hereaf.
17. Twnsfer of the Properlv: Ascump~ion. I( all or any- part of the Pruperty or an interest Iherein ic sold or tronsferred
by Borrower without l.ender's prior,w~m.•~ .un~ent. e~cluding (a1 the creation of a lien or encumbrance suhordinalt to
this Mortgage. (bt the creah~n of a pur~h~cr m~~nev eecurity ~nterest f~r household appliances, (c) a tranc(er M devise.
descent or by o{xration of law upon Ihe Jca~h o( a j~~~n~~tenan~ or (d~ the grant of any Itasehold intercst ot thrcc years or kss
not containing an oplion Io pi~rchase. I ender may, a~ I.ender'~ option. decl~re all ~he sums secured by this Martgagt tn be
~mmediately due and payable. I rnder ~hali hr~e M,u~•cd such ophon to a~crlerate i[, prior to the cale or transter. Lender
and the person to whom the Properl}• i~ ~,. I,e ,ol~l ar transterred reach agrerment in writing that the credit of wch person
is satisfactory to 1_enJer and that ~he intcrc.t pa}~ble on ~he sums cecured by this Mortgage shall be at soch rate a~ l.ender
shall requesL If Lender has waived thc opti~•n to accelerete provided in this paragraph t7, and if Borrower> ;uccasor in
interest hac taecuteJ a wntren assumpr~on ~grecment accepted en wriung by Lender. I_ender shall ydeaa Borrowcr from all
obligations under this Mortgage and the No~e.
If I_ender exercixs such opt~on ~~ ac~etera~e. I.enJer tihall mail Borrower notice of accele~ation in accordanc. u~th
paragraph 14 hereof. Such notice shall prov~de a peruxl of no~ iess than 30 days from the date the notice is mailed within
which Borrower may pay ~he sumc declereJ diu I( Borrov-er failt to pay such sams prior to ~h~ expiration of ~uch per~c~d.
Lender may, wi~huut turther not~ce or dcmand on liorrower. ~nvoke any remedia permitted by paragraph IR hereof.
NON-UNIFORM COVENANTS Borrower and Lender funher covenam and agrce u follows:
18. Accekrstion; Rem~dks. Fscep ~s prnvfdcd ia panKnPb 17 bercof. ~poo do~owers ereacl~ ot any co•cnanl or
a~~eemeat of dorrower in this MorlRa~e. includi~ tht covensnls lo p~y wrhen due sny su~ns secured Sy thk MorlR~e, I.ender
Prior lo accekratba shdl mail notice to dorro.rer as prorfded Ia pa~a~vaph 14 Aereot specitrfns: (1) th't Lnuh:/2! tAe setbA
rrquired to cnre wch breuh; (3) a date. not kss than 30 dars tmm tbe dste the eotke b endkd to Eorrnr-er. A~ wAich sucM
beach must be cored: aad (1) Ihat tailure lo cure stich Mcsch oa or bcfore the dNe specified in the notke msr resWt iw
sccekrstion ot 16e soms secnnd by this Mort~~e. /orecfowre br judkial proceedin~ ~nd sak o- Ihe Property. 'iAe notkt
shdl turtAer infonn Borrower ot the riRb1 Io ninshtt dfer sccekrstba and tbt riRAt lo ~ert jA tbt toreelosure p~oceedf~
tLt aon-existtnce ot a dt(auk or snr olher deftnse o/ dorrower to ~ccekrstion ~nd foreclositre. If tht SrescA is nof cored o~
or 6etore Ihe date specified in Ihe notice. [.ender ~I 1 rnder's oplbn ru~y declare ~p ot tbt s~~as secrnd by tAis MortR~e to be
immediattly due ind psyible withoul tunher demand ~nd may ~orecbse this Mori~a~e by jddkW OtocetalnR. I.ender chall
be eolitled to colket in soch proceedin~ afl expenses of (oreclosrn. includi~. Dbt eot liruited to. reasonaelc s~t•~roev's fees.
and costs ot doc~nreetary eridence. sbstrscts and li~le nportt.
19. donvaers Ri~ht to Reinsta/e. Notwilh~t~nding 1 enJer's accelerat~on ot ~he sumt ucured by ih~c Mortgage.
Borrower shall have the righl to have am pn•~e«f~n~~ ti~ f~~n b~ Lcndtr ta enft~rct th~~ M~n~ra¢e d+uontinued a~ ~n} Ume
a~,~x34fi P~r,E1~2