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1 c:~~1rr'c wnurn agrcrmcnt or appbcahle lew. Borrawer shall pay thc am~~unl ot all m~-rtgagc incurance prcmiums in the
m;~nnrr pn-v~dc~l under par,~graph 2 hcrco(.
Any amuunlc di~hurccd hy I ciulcr punuanl Iu Ihis paragraph 7, wilh u~lrrecl Iherc~~~, shall hccamc addiliona)
~mlrMrdnr~< <-f Hurruwrr ~ccumd hy ih~. M~~n~~Rc t~nlr~~ Bor-awer and 1 enJer agrec k- olhet teTmt of paymtot, tuch
am~.unt~ ~hall hc pa~•ahlc n~x~n nniicc h~~m 1 cndcr 1~~ Hu~ruwcr reyuc~~ing paymcm ~hcre~~f, and ~~all hear imercst from the
datc o( dichurccmcM a1 thc ralc payahlc from limc t~~ Iime i~n oulstanding principal under the Note unle~c payment ot
intcrctt at such ratc w•ould hc contrarv ~~~ applicahlc law, in which even~ cuch amountc chall hcar interect at the highest nte
permissihle under applicable law. N~~thing cant;~ined ~n thic paragraph 7 ahal) require 1 ender to incur any eapense or take
any action hercundcr.
S. laspeefion. I.enJe~ may ma{,e ~.r c;iu~e t~• Me made reaconable enlriec u~n and incpectians ot the Property, provided
~hal I.ender shall give B~~rmwer n~-~~ce pri~~r w any .uch inspect~on cpecitying reasonabk cause theretor related to Lender's
~nterexl in Ihe Pmperh.
9. Condemnafion. The pnxeedc of any award or claim for damages, direct or conxquential, in connoction writh any
condemnation or other taking of ~he Property, ix pari tAereof, or tor a~nveyance in lieu of condemnation. arc het~eby assi~ned
and shall be paid to [.ender.
In ~he ~vent o[ a total iaking ot thc Pmperty. Ihe prcxeeds chall bc applicJ to ~he tums securcd by this Mo~aae,
with the e~cess, if any, paid to Bormwe~. In thc cvrnt ot a partisl laking of the P~aperly, unless Borrower and Leoder
otherwiK agrce in writing. there shall t~e applied t~ ~he wms securcd by this MortRage such pmportion af Ihe proce,eds
as is equa) to that pro~tlion w~hich ~hr amoun~ i~f the sum~ cccured by this Mortgage immcdiately prior to the datt of
Iaking hears to Ihe fair market vatue of ~he Pro~xr~y ~mmediatety prior to Ihe clate of ~aking, with the halance of the ptoceeds
paid M Bormwe~.
1t the Properly is ahand~neJ h~~ Borrc-vrrr. ~.r it after nolice hv 1 ender ti~ Rormwer that tht condemnor oRen to makt
an award ~r ~etNe a claim tor d;~m.~~r.. R~~rr~•wer f;~d. t~. re~~+c~nd tt- Lender within i0 dayc af~er the date such notict is
mailed. I.ender ic auth~rin~d lo rnllect and ap~l~• the proccedc. at 1_ender'~ option. either to rttbntion or repair of tht
Propcrtv or to thc sum. .ccurai h~• th~~ M~~r~~a¢c
Unlesc 1 ender and Borruwer otherwiee agree in urit~nc. any such applicati~n of proceeds to principa) shall not extend
~~r po~t~ne Ihe duc date ~~f the monlhh• ind~llmcnls refcrred 1~ in paragraphc I and 2 hercof or chan6e the amount of
cuch inctallmentc
10. Borrower Not Released. F.xtenaion of Ihe time for paymcnt ~r modiRcation ot amortization of the sumc securcd
by thic Mort~age qranted by 1 ender to any aucce~cor ~n intere~t of Borrower ~hall not ope~ate to rcleax. in any manner.
the liability o( the ~~riqinal Borrower and Hc~rrower'c success~ra in inlerect 1 ~nder chall not he req~iired to commence
pn•ceedingc againct cuch sucresmr or refuce to e~tenJ time for payment or othervvi~e mndity amortizat~on of the ~~~ms
~e: ured M• Ihic M~rlgage hy rcacon o( an~ demand made M• the orieinal Rorr~~wer and Aorrower's tuccecsors in interect.
11. Rorbeannce by Lender Nof s Wdver. Any f~nc~arance hy I cnder in etercicinR any right or remedy hercimder, or
~~thenvice affordcYl hy applicahle law. shall not he a waiver ot or preclude tht erercese o/ any such right or rcmedy.
The procnrement c-f ina~rance or the paVment o( ta~e~ or other litnt or chargec by 1 ender ~ha!! nM he a waiver of Lender's
right t~. acceleratc the malurity of Ihe indebtednecs cecured hy thic MortgaRe.
12. Remedits ('umulafi~e. All rtmecli~c provided in thic Mortgage are dictinct and comulative to any other ri6ht or
remedy under Ihic Mortgage or affnrded hy law or equity. and may he eRerciced concurrcntly. independemly or succtasively.
' 13. Srccessors and Assi~es Bonnd: Jolnt snd Sereral f.isbiifty; CspNons. The covenants and agreemems herein
contained shall bind, and ~he riRhtc hercunder chall inurt to. tht respectivt succeccon and assignc of I.ender aod Borrower.
subjecl to the provicion~ ~t para~traph 17 hereo(. All covenants and agreementc of Borrower shall t~ joiry and ceveral.
'il~e captions and headingc of thr paraq~aphc ~t Ihic Mortgage are f~r ~onven~ence only and arc not lo tx uad to
mte~prct or defint the pmvicionc herc~f.
14. Notke. Excep~ for aoy n~~irc rcyuired under ap~licable law• tc. bt given in another manner. (al any notict to
Borrower pmvided /or ~n Ihic M~rtgaee ~hall Fx given hy mailinR ~uch n~t~ce by certified mail addrec~ed lo Borrower at
the Property Address or at such o~her addrec. as B~rre~wer mav decignate by n~iice to Lender as pmvided herein, and
(bl any notict to Lender shall he given bvi cer~ified ma~l. return receipt reyuected.. tn ! endtr't addrest stated herein or to
auch other addrcsc as i.ender may deci¢na~t by n~tire a~ B~rrc~wer ac prov~deJ herem. Any notice provided for in this
41~~rtgagc shall tx dtemed lo havc F+een ~eivrn to B~rre~wcr c+r 1 ender when given in the manner designated herein.
1S. Uniform Morl~a~r. CorerninR I.aN; Se.erobilily~. Th~c torm of mortgage rnmbines uniform covenants for nstional
~iu and non-uniform cm~enamc with IimiteJ vanalionc h~ ~un~diclion to cc-nst~tute a uniform stcurity instrument coverin~
rcal properly. Thic Martgagt chall be g~verned ht~ ~he law ~f the juricdichon in which tht Property ~s located. In the
event Ihat any provision ~r ciau~e oi th~~ M~rtgacc ~~r the N~~te conflict~ wi~h applicable law, such conflict shall not affect
o~her provisions of thic Mortgage or the N~~tr v-h~ch can be grven eHect without the conflicting provi~ion, and to this
end the provicions ot Ihe Mortgage a!~d the '~I~Ie are declared to f+e ceveraMe.
16. eorro~-er's Copy. Borrow•er shall F-c turn~~hed ~ c~nfnrmed copy of the Note and of thic Mortgage at Ihe timt
of ezecution or after recordatian hereof.
17. Traaster of fbe Propertv: Assump~ion. I( all ~~r any part ot the Property or an intercst therein ic sold or trantferred
by Borrower wrthout Lender's pn~r wnt~,n .~~n~ent. eticluding la- ~he crca~ion ot a lien or encumbnnce sul~ordinatt to
th~s Mortgage. Ib) ~ht creation c~~~a purche~r m~~nev ~ecurily iMtrcst t~r household appliances. /cl a trancfer hy devise.
descent or by o{xration of law opon the Jcath nf a j~~m~ tenant or (c1~ ~he grant of any leasehold iqtercst o( thrcc ycars or kss
not containing an oplion 1o purchase. [ ender may. al 1 ender'c ophon, decl.ue ail 1he sums secured by this MoAgagt to be
immediately due and payable I rnder chall h;,oe .+.~~ved tuch opt~on to :+icrleratt if, prio~ to Ihe cale or transter. Lender
and the person to whom ~he Propeny i, t~• hr .~•IJ ur transferred reach ~grerment in writing ~hat the credit ~t cuch perwn
is salisfactory to l.enJer and lhat Ihe imcrr,~ pa~~nle ~n 1ht sums stcured by thic Mortgage shall be at such ra~e a~ t.ender
shall request. tf l_ender has waived the ~~St~c~n ~o acceler~te provided m this paragraph 17. and if Borrower'~ wccasor in
interest hac execwed a writtcn ascumpuon .+greement accepted in wri~~ng by Lender. Lender shall ydease Borrower (rom all
obligations under th~s Mortgage and the Notz
If t_ender exetcius such opt~on t~ ac.eter~te. LenJer ~hall mail Borrower notice of acceleration in accordancr u~~h
paragraph 14 hereof Such nohct ~hall prov~dc a pcnod o( not less than 30 days frorr. the date the ,~oticc is mailed with~n
which Borrower may pay ~he sumc decl~red due If Borrower fails to pay such sums prior to the expiration of wch per~c~d.
Ltnder may, without furthcr not~ce ~r dcmand on Korrower. ~nvoke any remedies perm~ued by paragraph 1 R hercof.
NON-UNIFONM COVENANTS Borrower and Lender tunher covenant and asrce u follows:
18. Accekrstbn; Remedies. E:ttpt as previded is pan~raPb 17 bereo/. rpo~ aorrower's breacw of ~ay co•ews~t er
a~~cemeot ot Borrower in this MorlRs~e. includinR Ihe co~easals to p~r wAes dne swy soa~s securcd Dr thk MortR~e, I.ender
prior to accekratbn shdl m~il notke to,dorro..er as prorided Iw par~rapA 14 he~eoi specHrio~: (1) tAe bre~ch: 121 ~he aclipp
requlred to core such breach; (3- a date. not less tAan 30 dsys trom IAe date the notke is nuikd lo donor.er. by ••hicb sac~
b~cach must Ae cnred; snd (1) lhat tailuro to cdrt src~ brescb ow or betore Ibe date speclfied iw Ihe nolice msy resdt iw
~cctkration of Ibt snn~s tecund by this Mori~aRe. faecbsure ~ judkial proceedi~ snd sale oi Ibe rropcrty. "il~e wotiee
shall turther inform eorwwer of ~he riRM to reisshte atler accelcntiou swd tAe ~bt lo ac~crt iw the foreclosrrt ~noctedl~
tbe ean-existence of i dtfsuN or sny Wher dcfcnse o/ EorrowK to accekrstios awd tonclos~tc. 1~ the bre~c~ is nof c~ aw
or before the dite specified ia lhe rafice, l.ender ~I I.ender's o/lfow aay deciare ~q a/ tl~e s~ws ~ecored by this MortRaRe b be
immediate~y due and parsWt witla~ul fuAher demand ~nd may /ortclose thls Mo~a~e br jodicW proeeediuR. 1_en~er ch~N
be totitkd to co1kN in sucl~ procetdinR s0 etpenses r~f toreclosure. inclYdin~. brt sot dmiled to. reasonsble stt•~rn~v's fees.
and cosls o/ doc~n~e~lary evidence, abstncts ~nd iitte ~eports.
19, donoaers RI`ht lo Reinst~tt. Nulwith~t~nding I tnder't accelerahon of the sums uc~red by ih~c yfonEage.
Borrower shall havt ~he nghl to havc am pr~~.r~.lin~. !r•~~~n b~ ~cnder to cnto-cc th~+ !Nc~rtga¢e dnc~nt~nucJ at an~ lsmt
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