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1 cndrr't W nt~cn agrcrmcm or appbcable law. &-truwcr shall pay ~hr am~~~~nt ~~f ~II m:~rtgage in~uran~e premiums ~n the
mannr~ pr~~wdcd undc,~ pa~aRraph 2 hereof.
Any amiau~l~ ~h~hin~cd h~' I cn~lcr purwanl 1~~ Ihic parak~aph "/. w~th u~trrc~t thrreim. ~hall F+etome add~lional
in~lchtrdnc.~ u( R~~n~~Hrr ~ccurrd h~• ~h~~ M~-r~R.i~c 1!nlc.. fl~~rr~~wcr .~nd I rn,lcr .~erec ~~ ~~hcr tcrmc n1 paymenl. s~xh
am~~u-H~ ~hal) (x pa~•ahlr u~x~n ~i~~1i~r In~m 1 rndcr 1„ fl~~~n~Nrr rcyuc~~inR ~~a~'rnrnt thcrr~~(. :~iul ~F~a I+Caf iMertst /rom Ihe
dalc ~~f ~li.hiuKmcnt at Ihc ratc p:~~•aMc (r~~m timc f~~ hmc ~m ~~italandinR pr~ncip~l unJcr tht ~h imktc payment o/
interect at s~rch ratc wc~uld Mc c~-n~rar~• ~~. apphrahlc law. in wh~ch cven~ ~uch am~unl~ ~hall hcar inlere~t at thc highect rate
{xrmissibk undcr applicablc law. N~Hhink c~~m:iincd m thic paraRraph 7~hall rcyuirc I cnder to incur any expense or take
any action hercunder.
S. Inspectbn. 1 rr.~4r nt~:• ~tt.~l.c c~r ~:z,,,c t,~ !*r rt.:ctc rca.rr~a`!~ .nt~i~; «~N~r~ .i~+d ~~~.~~cii.,r,. af ilt~ Pr~~.rty. ptavi~c~
~hat 1 ender shall givr RurraN~cr n~~l~~r priur Ii~ .~m ~nch ~mpccl~i~n ~pcc~fy~ng rcasimablt caust tht~efor rclated to Ltndet's
mtcrc~t in thc Propcrty.
9. Coedemnafbn. Thc pnxcedc ~~f anv award or claim to- damaRei. dircct or conuquential, in co~oection w~ith any
condemnalion or Mher Iaking of the P~operty, o~ part therrnf, or tor ccuweyance in I~tu af tondemnalion, are hereby sui6ned
and shall be paid ta l.ender.
in Ihe event of a total taking of Ihe Pro~+erly. thc pr~xeeds ~hall bc applieJ to ~he sums xcvred by this Mo~taaae.
with the excess, if any, paid to Borrower. In the even~ ot a partial laking of the Pro~erty, onlecs Borrower and Lender
o~herwiu agree i~ writing. there thall tx applied ~o the aumc sccured hy this Mor~gage cuch pmportion of the proceeds
as is equa) to that pr~~ttion w•hich ~he am~~unt i.t ~he camc ~eceired by thic MortRa~e immedia~ely prior lo the date ot
takinR hea~t to Ihe fair market value of the Proper~v ~mmed~ately pnor tn the date ~/ taking, with the halance of the proceeds
paid ti~ Bormwer.
I( ihe Pro~+erty i~ ahand~ncd h~• Ai~rmu•cr. c.r i/ after nntice hv 1 c~d~r tn R~rr~vrer that thr conckmnor olltrs to make
an award c~r cettle a claim f~r dam,i-;r~. R~~rn+wer L~~h ~~~ re.pnnd t~~ 1 e~der within l(1 daya after Ihr date cuch notice is
mailed. I.enJer i~ authori7ed ~o c~llect and a~pl~• the prcxeed~ at I ender'a ~p~ion, either to rectoraticx~ ~r rcpair ot the
Pmpcrt~~ or t~ thc ~um~ ~ccurcd h~ thic M~r~gacc
Unlesc (.ender and Borrower olherwice agree in NTIIIRQ anv ~uch applicahnn c.f prtxeeds to principa) shall not tateod
or pc.ct~xine Ihe due date of Ihe mon~hlv inctallmen~c referred tn in paraeraphs 1 and 2 hercof or change the amoimt of
wch inctallmenK.
10. dorrower Not Releaud. Extencion ot Ihe hme /~a p:~vment or m~clificati~n of amortization of tAe cums secured
by this Mori~~ge granled by 1 enJer to any cucceacc~~ ~n intere.t ~f A~rrower ~hall nc.t operale to rclease. in any manner.
the liability of Ihe oriqinal Borrower and Borrower'~ curceccnrc in intercct ( ende~ ahall nM he rcquired t~ eommence
proceedingc againct auch sucretsor or rc(uce to e<tend limr f~r payment or othen+~•iu modify am~rtitahon ~f ~hr ~ums
cecured by ~hic Me-rtgage hy rcasex~ of any demand made t~y Ihe oric~nal R~rr~.wer and A~rmwer's tuecescc--c in iMCrett.
' I1. ForAeannce by [.ender Nof s Wairer. Any f~rMarance hv 1 end~r in erercicinR ar.v right nr remedy hercimdt~, or
~~the-wise afiordat h~~ applicahle law. ihall nM he a waiver of ~r preclude ~he exercice of anv cuch riRM or temedy.
The procurement of inseuance pr t~t payment of tarec or other liens c.r charget hy 1 ender tnall nnt he a wa~ver o! l.en~P~
right to aecelerate the maturity of the indehlednecc cecured hv thic N~rtRaQe
12. Remedies Cnmulafi~e. All rcmeclies provided ~n thic M~rtgaRe are distinct and cumulative to any oMer ~iaht or
remeJy under Ihic Morlgage or aBordrd hy law or equity. and mav be eYerciaed c~ncurrcnNy. inckpendently or succecsively.~
~ 13. Saccessors snd Asai~es donnd:.Joinl and Sereral I.iability; ('sptbnc. The covenants and agreements hcrein
con:ained shall hind, and ~he riRhtc hereunder shall int~re t~. the rrcF+ecliv. ~uccecco~c and ascignc nf I.ender at~d Borrower.
cubject to Ihe prrnicionc ~f paragraph 17 hereot. All emenants and agrcementc of Borrower thall tx joiry and several.
The captions and headingi of /he paraeraphc ~t thic M~rtgage are f~~r c~nvenience ~nly and arc n~t t~ he ~ned to
mterpret or define the provicionc he~eof. ,
1!: Nolke. E~cept (or sny n~tire rcy~iired under applicahte law t~ hc R~vea ~n annther manner. ~a) ~~y notice to
B~+rrower pmvided tor ~n Ihic Mortga¢~ chall tx grven hy ma~linR wch nohce hy cerNfied mail addretud to Bormwer at
Ihe Property Address or at such other aJdreas ac R~rr~wer mav deugnate hy n~~ice to ~ ender ac provided htrein. and
(h) any notice to Lender shall be given hvi certifted m:iil. return rece~pt reaue~ted t~ { ender c addrecs s!ated hecein or to
cuch olher addiesc ac I.ender mav de~ienate hy n~t~;e t~~ B~rrc~wer as prn~~ded here~n .Any notice pr~vided for in .thiS
M~rlgage shall tx deemrd lo havc t+cen g~vcn to R~rn~ucr ~~r 1 ender w•hen g+ven in the mar.ner decignated herein.
1S. Uni(orm MoriRa~e: Go~ernin~ Law: Ser~rabilitv. Th~. f~rm of mcrtgaRe c~mbin~s un~form rnvenant~ for national
uce and non-unifc+rm rnvenantc with limiteJ varahont M~ jnncd~rtie.n t~ c~nstiti~te a uniform ucunty inctrument eovering
rea) property. Thia Mortgage chall Fx governed hv the law• of the {uriad~ctd~n ~n whech the Property is located. In tht
event that any prov~sion or clau~e of thi~ M~rtgace nr the ?~~te rnnflicta wi~h appiicable iaw, such eonflict chall not affeet
other pravisions ot thic Mortgage or thr Nr,te wh~ch can be g~ven efiect wi!hout the conflicting provicion, and to this
end the provicions of the Mc~rtRage and the Vc,te are .Iecl:-red tc. he ~everable
16. Eorrotirer's Copy. Borrower ~hall Me furm~hed a c~nf.~rmed cop}• of the Nott and of th~c Mt,r;gage at the timt
of eucution or after recordation hercof.
17. Transfer of the Propertv: Accumplion. If all c•r any part of the Pr~~perty or an inter~tt therein i~ c~ld or trantferred
by Borrower w~thout Lender's prior wnn.•n ~~.num. e~iluding ta- the creatinn of a!ien or enciimhrance suhordinate to
th~c Mortgage. (bl the creati~n of a ~urch.,~e m~~ne~~ .ecur~rv mterest fnr h~~uuh~ld appl+ances, fcl a trantfer hv devise,
deuent or by operation of law~ upon the dca~h ~/ ~;~um tenaM ~~r (d~ the Rrant of any leauhold ~ntercst of threc ycars cx Iess
not containing an option to purchase. l ender m~v. ar I ender'. +~pti~n. dert,rc .ill the tums xcured by thit ~lortgage to be
immediatelV doe and payahle 1 ender chall h.,~e w.~rvrd cuch opt~on tc~ a.,~lerate ~f. ;~rior to the ~alt or transfer. I_ender
and the person to whom the Pmpertv i. ~~~ t+c .~~IJ +.r srans(erred reach agrrrment ~n wnt~ng that the cred~t ~~f ~uch penon
ic satitfactory to LenJer and that the inter~.~ pa~ahle on the sums ~ecurtd hy thic Mortgage chall be al such rale ac I_ender
shall request. If t_ender has waived thc opt~on a~ accelerete provided ~n ~h+s paragraph 17, and if Borrower'> >uctawr in
mterest ha~ executed a wntten usumpuon agreement accepted in w~it~ng by I.ender. [.er.der shall releace Borrower from all
obligat~ons under th~s Mortgage and thc Ncwe.
if [.ender ererciuc such opt~on t~~ acceler.~te. I.ender .hall ma~l Borrower nohce of 3ccelerahon in acrnrdanc~ .~ ~ih
paragraph 14 hereof Such notiee chall prov~de a penc~d of not less than 30 days from ihe date the notice is mailed within
wh~ch Borrower may pay the sums derlared dur If Borroaer failt to pay t+~ch sums priur to the eYpira~ion ~f ~uch per~nd.
Ltnder may. wilhout further no~ice ~r .icmand on IiorroK~r: ~nvoke any remedia perm~tred hy paragnph IR herc~f.
NON-(J!YIFOIIM COVEN~NTS Borrower and Lender further covenant and agree as follows-
ls. Accekration; Remedia. E:cept as provided in pan~nph 17 he-eof, upoo Eo~+o~+ers M~eacA o1 ~ny cor~nsnt or
~reement o[ Bonower in this Nort~a~e. includin~ the corensnts to psy ~+Nen due any sums securt~ by Ihk MortR~e, i.endcr
prior to scceleration shdl ma~l notke to Qorrower as provided in pan~rapA 14 hereof specNyir~: (1) tht Drt~ch: 121 ~A~ actbn
required to corr snch bresch; (3) a dste, not ksa tAsn 30 days trom tke dste the notice i~ mailed to dorro..cr. Dy ~•hkh such
b~esch mu~t be csred; aad (4) that tailnro fo c~re srch breach on or selo+e ~he dNe speci('ied in the notke n+sr resdt i~
sccekrstion o[ tbe snms secnred Sy tAis NortRaRe. foreclown by jvdicid rwceedin~ s+~d sale of tAe rroPe~. 71~c notke
shdl turther infonn dorrower of tAe ri~M to ninshte ~t1er scceknlion and ~he riRht ro asseA in the loreciosort N+oeteAi~
tbt non-ezistence of a detsuN or sny other defen~e of eorro~+et to accel~rstion and torecbsuee. It tAt brescA is wot cun8 on
or Sefore the date s~eci6ed in the notice, l.ender ~t I.ender's Mtiow n~sy declare dl 01 Me srna xc~red by Mls Mo*t~~e to be
immediately due snd psysble without tunher demand and n~av /o~ecfose thls MorfRa~e by jodieW ~roecedMR• i.en~Jer chaq
be eetitkd to collett h~ srcb proceedinR a8 exp~nces'of to~eclosure, includin~, brt sot ilmited to. reason~bk sn~~re~~'s fees.
and eosts o( doc~rnentary e~idence. aAsteacts snd litle reports. ~ •
19. dorrower's R(Rht fo Reinstste. 11~-Iw~th~~.~nJinf I cnd~%c acceleratt~n of the ~umt ucured by ~h~~ Mnngage.
8orrower shall have tht ngh~ tc- ha~t am pmrer~l~ne• heru~, n> Lender te. c~f~~+:e thi~ 11nr!g.~¢c d~ticnntmucJ at ~m timt
3 ~,,,X'JY•7 P~~~
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