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I.cnJrr's writlen •rgrecment or appl~cahle law. Burruv-rt chall pay thc amuunl of all mc~rtgagc inwran~e prcmiums ~n the
n-annc~ prov~drd undc~ paragraph 2 hercof.
Any am<~untti di~hurcrd by 1 en.ler pu~.u•rnt ta Ihis paregr:~ph 7. w~th u~tere~~ thercon. chall become additianal
indrbicdne~~ uf'13ur~uwcr Kcurcd by ~hi~ Mur~g.~ge t!nlc,. Ronower rnd 1 cnde~ eg~rc to o~hc~ tenn~ of payment, wch
amoum~ ~hall tx payaMr u~x~n nuticr fr~~m 1 cndcr ~u B.~rruwrr rcy~ic~~inR paymcnt thcrri~f. and ~hall hcar intcrctt from tht
da~e ot di~b~ucement at ~he ratr payaMr frum ~ime ~i- lime un outc~andinR principal under ~h0 Nolt;untlss'payment of
interest al such rate would be contran• t~~ appficablc law, in whirh event ~uch ami~untc ,hall hcar interest at the highect rate
permissible under appticable law. N~Nhing cun~aine.l ~n Ihic par~g~aph 7~hall reywre I.ender ta incui any eipense or take
any sction hcreunder.
S• laspecfioa. Lende- may male ur .-au.c ~~• t,e madc rcau~nahk enlrie~ uFx~n and inspectionc ot the Proputy. provided
that I.ender xhall give Borrower nalice pri~~r lu am wch in~Fxrh~~n ~peci(ying re.~s~nabk cause therefor relatod to I.ender's
interesl io the Propehy.
9. Coademaation. 'T?ie p~ciceedc o( a~v award or claim tor damages. direct or comequential, in connectan rvith any
condemnation o~ other taking of the Propcrty, or part thereof, or tor conveyance in IKU of coodemnation, are he~+eby assigned
and sfiall be paid to Lender.
in Ihe event of a total taking of the Propcr~y. the prcxeeds ~hall be applieJ to ~he sums securcd by this Moirt6age.
with the excess, if any, paid to Borrower. In the even~ oi a pa~~ial taking ot ~he Prope~ty, unlecc Borrowtr and l.ender
othe~wix agrce in wreting, therc sh~ll he applied t~ ~he cumc secured by this Mortgage such proportioo of the p~oceeds
as is equal to that propoMion which ~he amaunt ~i ~he sumc securtd by this Mortgage immediately prior ta the date of
taking bears to tlx fair market value of the Pn,~xr~v ~mmediately pnor to the date ~f ~aking. v-•ith ~he balance ot the proceeds
paid to Borrower.
if the Property i~ aband~meJ bt• Horrow•cr. ..r if after notice hv I ender tn Rorr~wer t'~at thc condemnor oRers to make
an award or tet~le a claim for dam~~c~, B~~rr~~wcr fa~h -~~ rc~~x.nd t~ Lender w•i~fi~n ~0 days after Ihe date such notice is
mailed. Lend« i~ authori~_~! to collect and ap~+h thr prc~ceedc. at 1 ender'e .~ptio~. either to restonticx~ or rtpair of the
Prapeny o~ 1~ the cum~ ~ccured M thic M~•rtFaer
Unlesc Lenekr and Borrower otherw•ice agree in w rihnc. am• such applicati~n .~f prt~cetds to prineipal sAall ncN tatend
or ~clpone the duc da~e of the mon~hl4 inst~llmcntc referrcd to in paragraphc 1 and 2 hereof or change the amouot of
~uch installments.
10. Borrower Not Released. Extension of ~he ~ime (or p~yment or mc~di6ration of amortiu~ion of the sums securcd
by this Mortgage granted by I.enekr to any cuccecu*r in inlcre~l of Borr~wer chall not o~+erate to rciease, io any manner.
the liability of the original Borrower and Bc•rrowcr'~ succescor~ in interest 1_emkr chall not be ttquired to commence
pr~xeedingc against such successor or rctuse to e~tenJ time for payment or othen+-•i~e mc~dify amortizat~on o( thr wms
ucured hy ~hic Mongage by rcason of ~ny demand made bv the orie~~al &~rr~~wer and Borrc~wer's successors in imerec~.
' 11. Forbeannce by /.ender 1~iof a Waiver. Any f~rhearance hy I.ender in e~ercicing any right or remedy hercunder. or
~thervviu afforded hy applicable law, shall rx~t tx a waiver o( or preclude the ercrcise of any such right or remedy-
The procurement of insurancC pr the payment of tarec or other liens or chargec by I.ender ~hall not he a w•aiver of Lender s
right to accelerate the maturity of the indehtednecs cecured hy thi~ MortgaRe
12. Remedies Cumulsti~e. All rcmedies provided ~n thic Mortgage are uis~inct and cumulativc to a~:y o~her right or
remedy unde~ thic Mortgage ur afiorded hy law• or equ~ty. :md may be etiernced concurrc~lly. independentl} or succetsivtly.
~ 13. Snccessors and AssiRns Bound; .Joint and Serenl 1.iaM'lity; Captions. The covenants and agrecments herein
contained shall bind, and the riRhts hereunder shall inure to. the recpec~ive suc;ecsc~n and assigns of [_ender aod Borrower.
subject to Ihe provisionc of paragraph 17 hereof. All covenanls and agreementz of Borrower shall `~e joiru and several.
"Ilu captions and headings of Iht para¢raphc of Ihic Mongage are t~r convenience only and arc not t~ be u~ed to
interpret or de6ne the provicions hereof.
14. Nofke. Etcept for any nolice reqnired under applicable laN to be given in another manner. (a) any notict fo
Borrower pre~vided for in this Mortgaee shall tx grven hy mailing wch notice by certified mail addresced ro Bormwer at
Ihe Property Address or at such o~her addrec~ as 8~~rre~wer mav decignate by n~iice to f.encier as provided herein, and
(b) any notice to [.ender shall he given hvi certificd ma~l. relurn rece~pt reyue~~ed. tc- I ender's address stated herein or to
cuch other address as [_ender may de~ienate b} n~•ti.-r t~~ Be•rr~•wer as pm.~deJ herem. Any notice providtd for in ihis
:~iortgage shall be deemed to havc Ixen gi~en ta B~rmwcr ~}r ! endtr when g~~•en in the manner decignated hercin_
1S. Unitorm MortRa~r. Go~erninx l.aw; Se.er~bility. Th~. i.-~-m of mortgage combines uniform covenants for national
use and non-uniform eo~enamc with IimiteJ ~anati~~m h~ ~uncd~ction to c~nsl~tute a uniform secunty instrumtnt coveri~g
real property. This Mortgage shall be governrd hv the I~w of the juricdicNon in which the Property ~is located. Tn tht
event that any provision or clause of thic R1~rt~;ace ~•r ~he T~c~te conflictc v-•ith applicable law, such confliet shall no! affM
other provisions of this Mortgage or ~he N~~tr wh~ch can t+e given eflect without the conflic~ing provicion, and to this
end the provisians of the Mortgage and the ti~,tc arc Jrclared to he uverable
16. Eorro.rer•s Copy. Borrower ~hall Fx furm.heJ ~ cnnf~rmed copy o( the Note and of this Mortgage at the time
of execution or aRer rernrdation hereof.
17. Traasfer of the Property; Accumplion. If all ~.r any~ part ot the Pr~~pertY ur an intertst therein ic sold or transferred
by Borrower without [_ender's pnor wr~n:n .~~n~rnt. c~:luding lal the crea~ion o( a lien or encumbrance subo~dinate to
this Mortgage, fbl the creahon of a ~urch~~_ m~•nr~ Kcurin~ mteres~ fnr household appliances. (c) a tranc(er hy deviu.
descent or by oFxration of IaN upon ~hc ~1ca~h ~( a i~+~nt •tcnant or ld- Ifie grant of any leasehold intertst of lhrcc )•cars or {ess
not containing an option to purchase. Lender may. at 1 ender'. ~pt~on. decl,,rr ail the tums secured by this Mortgagt to be
~mmed~ately due and pay~able. 1 cndcr ~hall h.~.c ~,~~~ed tiuch opt~on t~, ;~.,~lera~e if, prior to Ihe calt or transter. Lender
and the person to whom ~he Propeny i. ~,~ t+r .~~~J .,r tr~nsferred reach agrr~ment in wnhng that the credii ~( wch percon
is satisfactory to l_enJer and Ihat 1he inlerr.t pa~~ble ~~n the sums ~ecured by~ this Mortgage shall bt at such ralt ac I_ender
shall request. If l.ender has waiveJ ~hc opi~~~n to rccelerate pro~•ided in ~his paragraph 17, and if Borrower'~ wccessor in
interest hat eaecuted a wntten astump~~on agreemem accepted in w~rit~ng by [.ender, l.ender sball releau Borrower from all
obt~ga~~ons under th~s Mor~gage ~nd the Nc.tr.
1f I.ender exercises such ophon t~~ ac.eieraie. I.ender ~hall mail Borrower notict o( accelention in accordanc~ u ith
paragraph 14 hereof. Such notice ~hall prov~de a peri~xi of no~ lesti than 30 days trom ~he date the notice is mailed v-ith~n
which Borrower may pay ~he sums decl.ired due I( BorroNer fa~ls to pay such sums prior to tht txpirat~on ot ~uch F+eriod.
Lendcr may, without furlher noticc or ekmand ~~n HurroNer. ~mole any remed~ts perm~tteA by pangnph IA hercof.
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NON-UNIFORM COVENANTS Borrower and I_ender tunher covenant and agree u tollows:
18. Acceleration; Remedies. Excep as pro~Idrd in Para~npA 17 hereot. ~epw dorrowers breacw ot awy co~e~awt or
aircement of eorro~-cr in fhis Mort~a~e. iecludinR Ibe co~enanfs to par wlun due sny soms secured ~y thfs Mori~a~e, t.endet
prbr lo accekrstbn shdl mail notice to donower as pro~ided ia psrs~nph 14 herto~ specHrie~: (1) tAe br~acA: II11Ae actbs
nquired to core snch bnsch;l3) s date. not kss tAan 30 dsys tmm /he dsle the notice k mafkd to dorrower. by wAicA suc~
b~each mwi be cored; aad (1) Ihst (oilure lo cure snch brcicb ow or Setore the dNe specified is IAe aotke nur resuN i~
accekration ot tbe snms secured by this MortRs~e. fo~eclowrr Sy judkial proceedin= and s~le ot Il~e Properry. 71~c notice
shall further inform Borrower of /he ri~ht Io reinsfale af~cr sccckntba and /he riRht fo ~sscA iu tbe /oreclosrrt ~roctedl~
tue non-exisience o( a detsuN or sny Wher detense o1 dorroner to ~ctckrstion aad (oreclowre. It Ihe brescA is wof cw~ed o~
or before the d~te specified ia the notice, I.ender ~I i ender's o'fios ~ declart aA ot tbe s~ss ~r~d 6y this MoriRaRe ~u be
immediately dut snd p~ysbk wilhout f~rther demand ~nd msr foreclast Mk Mo~a~t br jrdicld proetediu~. t.ender cAall
be eotitkd !o col~ett in sut4 proceedinR all expenses of foreclotree. Includi~. MN nof Umited to. «asonibk att•rrncY's fets.
SIIA ~04Lf O~ dOCY111t111aPy t~'~dllltt. abstrscls ind ~i11e reports.
' 19. Sono~+er's Rl~ht fo Rei~t~te. '~1o1wi1hN~nd~n f I ender's ~ccelerat~on of the ~umt ~ecured by ~h~s Mort6age.
Borrower shall have Ihe nght ~o have am pnxerJ~n~. he~un b> Lcnder t~ cn(~r:e thi. M~at~aqc d~~c~ntmucd at am Ume
g~'~ 349 Pb~E i 773
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