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1 r~~kr'~ wnttcn agrccmcnt o~ appl~.able lew Ff~aruwcr ahall pay ~hr am~~„n~ „t nll mi~rlgaRc in~urance prcm~ums m Ihe
mrnnct pruv~drd undc~ paragraph 2 hcrcot.
AnY am~-unl~ ~li~huncd hy I rn~lcr pui~~i~nt t~~ ~hic p.~reKraph 7, wi~h uilrrc~l Ihcteun, sha~l bcc~-mc adJilio~a)
~n~lrh~rdne.. ut R~ar~~NCr .ecured hy ih~~ \1nrt~.~}~e 1 ~nle:~ R„rn~wer enJ 1 rn~ler .~Kree to OthK~lemta ~~t payment. ~uch
am~~tint~ ~h:dl hc pavaMc u~~n n~~tirr Ir+,m 1~~n~lc~ ~~~ Iiu~r~~Nrr rci;~ie~linR p,~~'mrnl Ihcrc~~t and ~h:~ll hear inlerctt from the
~iate i~t di.burcement at ~he ralr pavaMe 1r~~m limc 1~~ lime ~tin ~-iit~landinR pnnc~pa) iinder t!~e NMe unle~c paymenf a1
intercat at such rate would he rantrarv ~~• apph~~Me I,~w. ~n ..hrch evem wch am»ur,~c .ha11 hcar ~merest at the highect rate
permi sihk undcr apphcatilc law. Na~hinK c~~ni.~incJ n- ih~~ p.~r:iKraph 7~hall rrywrc I cndcr to incur any eapense or take
any action hereunder.
S. luspecfbn. 1 endrr may m,~{,e rr ..i~~.c n~ Fx• made rc;~~unahic en~nec ~qxm and incpeclionc of the Property, provided
Iha~ Len~kr ch;ill grve RorroM-er nut~~r pri~+r t:~ ;~m .u.h ~i,~~K~~~~~n .~xc,(y,ng rcaconabk cause therefor rela~ed to I.ender's
~~~ercal in Ihe Property.
9• Coademestioe. The pnxeed~ af ai~y ~ward ~r claim fo~ damages. dircc~ o~ concequential, in con~ection with any
condemnation or Mher taking of the Propehy, or part t--ercot, or far c~invcyance in lieu of condemnation, sre hereby usianed
and shall !+c paid to l.ender.
In Ihe event of a tol~l taking of the Proper~y. the p~~x~t~~lc ~hall ht app~itd t~ the c~~ms tteuttd hy lhis MoA~:ge:
with the e~cess, if any, paid lo Bor~i~wet. In ~hc eveni of a partial takmg o( the Property. unlea Borrower and i.toder
o~henvise agree in writi~g. therc shall tx appl~ed t~ ~he ~umc secured hy this MortRage ~uch pro~rtion of the proceeds
as is equal to that p~oportion w•hich ~he ~m~~unt ~~t ~he cum~ tec~utd by thic Mortgage immediately prior to the date ot
Iaking hearc to the fair market valuc of Ihc Pm~x rt~ ~mmcdialcly pnor to the date nf rakinR. with the balance of the proceedt
paid lo Bcxrower.
I/ tht Properly ic ahand~~ned h~• H~~rr~•wcr ~.r ,f ::f!cr nn!"scc hv ! cn:!er t~ Bnrmwrr that !ht condemnor o}~en to mate
~n aw•rrd o~ seUl~ a claim (or dam.~s~rti_ R~~rmwcr f.i~l. t~, -e~~~nd tc. 1 ender wi~hin ~(1 days aiter the date such notice is
ma~~ed. I.enJ~r ic aulhorimd to c~~llect and .~p~+l~ the pr~~ceed~ at I ende~'c ~~pti~n, either ro rectoraticx~ or ropair ot the
Propcrt~• ~: 1c. thc ~um~ .ccurcd M th~. Mi~rlF;~ec
Unlesc 1 ender and Borrow•er otherwnc aRrce ~n w riti~e ~m• ~ui h applii ati~~n ~f prtxeedc to principal shall not ettend
ar ~x~ctEx~nt the dx datc ~f the m~nthlv m~t.~llment~ referrcd ~~ in paraRr:~ph~ 1 and 2 hereof or thange tht amount of
cuch inctallmcnt~.
10. ~orrowe~ i~lot tteleased. f?xtenann ~f the t,me t~~r pavment ~r m~~ciifi~_at~~n ot amortization of the sumc securcd
by Ihi• Mort~agt Rranted by 1 enJer Ic- any ~ucce«r m interctt c.f Borrower ~hall not operate to rckase. in any manner,
Ihe fiability of Ihe oriqinal Borrower and B~rrower'c tu~ce~c~~re m interes~ 1 enekr chall nat F~e required t~ Mmmence
rnkeedingc againct cuch succeaor or refuce ~~ er~end t~mc f~r pavment or othervvi~e me~dify amorticat~on of thr wms
ucured by ~hic Motigage by rcase-n of any demand made M~ the '~ri¢inal B~rmwer .~nd R~~rr~wer's cuccesaorc in interect.
' 11. Forbesnnce by I.ender 1~iof a Wsirer. Am• f~nc~ararr•c hv 1 cnder in cYerci~inR any right nr remedy hereunder, or
c~therwice afT~~rded hy applicahle law. chall n~t Fx a waivet ~f ~r preclude the e~ercise of anv cuch right or temody.
The procurement ~t insurance or the paymenl of t~xec ~r ~ther hena ur charge~ hy I end~r ~hal1 nnt he a warver of [.ender's
-ight to accelerale the maturity of the indehtednecs ~ecurcd hv th~c M~rtRaRe
12. Remedies ('umulafi~t. All rcmedits pmwdtd in thic Mor:gage arc di~tinct and cumulative to any other right or
temeJy undt~ Ihis Morlgage or afiorded hy law or eyuity. .ind may tx e:zrc~ced concurrcntly. independently or succecsively.
' 13. Successors and AssiRws donnd: Join1 snd Seve-sl I.isAiliry; t'sptbnt. Th~ c~venants and agreements herein
cantained thall bind, and Iht riRhts hereunder shall in~ir~ to. the re~pect~ve cuccecu~r~ and acsigns of I_ender aod Be~rrower.
subjtet to the provicionc of paragraph 17 hertof All c~venaMs and aRrcement~ of Borrc~wer shall be joir~ and several.
The captions and headings of the para¢raph~ of ~hic M~rt¢aRe arc f~r c~nvenience only a~d are n~t ~~ he uad to
~nterprct or define the provicionc hereof.
10. Nolkt. Eacept for any nMic~ rcyuired under applicahle law m Me give~ ~n another manner. (al any notice to
&~rrower provided for in this Mottga¢e chall !x grve~s hy mailinR cuch n~~hce bY crrt~fitd mail addre~ced to Bormwer at
the Property e~lddress or at such cuher addrcc~ as R~~rr~~wer mav decignate by nc~~ice t~ ( ender as provideA herein, and
(h) any nMice to Lender shall he grven hvi certified m.,~l re~um rece~pt reyueaed. to 1 ender'c addrecc stated herein or to
cuch o~her address as I.ender maV deci¢natt M n~t~~e t~~ R~rn~wer as pr~~.ideJ he~e~n Any notice provided for in this
Mr.r~gage shall he dtemed to havc I+een R~~en t~ B~~rr,••Acr ~,r 1 rnder ~hcn g~ven in the manner decignafed herein.
15. Unilonn MorlRa~e; GorerninA Iaw: Se.erabilil~. Th~. f~rm of m~rtgage c~mbines umfarm coven~nts for national
use and non-uni~orm rnvenan~c w~ith IimiteJ van~hnm h~ ~„r.~i,ct~~.n t~ c~nshtute a un~form ucunty enstrument coverins
real propertV. This Mortgage chat) be g~~verned h~ thc I,,w ~f the ~unc:fiction in which Ihe Property ~c Iceated. Tn the
event ~hat any provision or clau~e of thi. M~~ngacr ~~r ~he '~~~~e c~nflic~c uith appiicable law, such conflict shall not affect
other prov~sions of Ihis Mortgage or thc tinte ~h~rh ~:~n he g~ven efie~t wnc~~ut 1he conflic~ing provicion, and to this
end the provisions of 1he Mortga~c and the ~~~tc erc ~Icrl:,red m he ceverahle
16. dorrovrer's Copy. Borrower chall t+c furm~he~t a c.~nf~~rme~ cup~~ of ~he Note and of thic Nortgage at the timt
af tiecution or after recordation hercof.
17. Tnnsfer of the Propert~; Accump~ion. ff att ~~r any part of the Prnperty ~r an ~nterest theran ic sotd o~ transferred
by Borrower without t_ender's pr~or r.ntr,n ~~+mini e~~luding i~i the creation of a hen or enuimbrance cubordmate to
this Mortgagt. Ibl the creahon of a piu.h.nr m~~n~~ ~rcun~c ~nterect fnr househotd appfiances. /c- a tranafer hv devise.
deccent or by t-peration of law upon the Jea~h ~~f e n~mi tenanr or (d~ the grant of any Icauhofd ~ntercst ~f thrcc years or kss
not containing an option to purchase. ! ender m.,~. .,t I ender'~ ~~pt~i?n. d~i~.arr all the sums secured hy rhis Mortgage to be
immediately due and payable t ender chalt ha~c w.:,.rd t~irh opt~on ro.~"~Irrate ~f, prior to the cale or Iransfer. Lender
and the person to whom the Propern• ~. a+ t+r .~~i~l rr tr~nslerrcd reach egrecment in wnting that the creJil ~~f wch percon
~c s~tis~actory lo I.enJer and that Ihe mtrrr.t pa~ahle :m ~he sums ~ecured hy this Mortgage shall be at such rate ac Lender
shall request. If I.ender has waived the op~u~n a~ accelerate provided ~n thn paragraph 17, and if Bonower'~ wccessor in
mterest hac e~ecuted a w•ntten assumpuon ag~eement acceptcd in writing by LrnJer. Lendu shal) relea~e Borrower from all
obligations under this Mortgage ~nd the :~Intt
If l.ender exeraus such opt~on t~~ accr~rr,~~c. l en.irr ~hall ma~l Borrower notice of xcelerauon in accordanc~ ~. ~th
paragnph 14 hereof. Such notice chall prpv,de , F+cr~~xi of nut less thar. 30 days from the date the notice is mailed with~n
wh~ch Borrower may pay the sum~ ~le.f~reJ dur If Borrouer fail~ to pay tuch sums pnor to the expiraaon ~~f wrh penc~d.
l.enJer may. withuut funher no~~ce ~~r Jrmand rn Fiurrower. ~nvoMe any remed~es permrtted b;- puagraph 1R hercaf.
NoN-UNiFO~M ('o~•ty~!vTS Borrower and l cnder further wvenant and agrce u follows:
18. Accekrs/aa; Remcdia. Exctp as prn.ided ie para~npM 17 bereof, upo~ forrowers bRacM ot asy co~eaaat or
a~reement of Borrower ie this !-~ortgaRe, intludir~ the co~enants to pay when due rny snms secured ~ry this Mort~s~e, i.ender
prbr lo actelerstion shall mail notict to QoRO.•er as provided fa psra~raph 14 hereot specityina: (11 tAe bre~ch: 12f the setbn
requfred lo cun such breach; 13) a date. not kss tAsn 30 days [m~n the dsle the notice b maikd to dormwer. br ~+hich sucr
b~eacA mwt be cured: aad (1) Ibst failrro to cure srch breach ow or betore ~he d~1e specified ia the notice n~av result i~
•cctkrstioA of ~he s~ms secu~ed ay tAis MortRaRe. forecfos~re by judicid proceedfe~ and sdt ot the Pro~erry. 'il~e notice
shdl further inform Borrower of tbe rq~ht to rei~utatt after accekntion and the riRht /o assert iw the foreclosnrt ~roceedi~
the aon•existencc ot a defsuN or any WAer defen~e oI sorror.cr to sccekrstion ~nd forecbwre. It the brracA k not cored ow
or betore Ihe date speci5ed ia lhe notice, l.enA~r ~t 1 cn~kr's nptbw ~w~r declart ~ ot tht s~n~s sec~red by this NortRaRe to be
immcdiately due and payable witi~out further dem~nd and msy toreclose this MortRa~e by jodkW proceediu~. i.ender cbaN
be eotitkd to coUect in wcM p~qceedin~ all cxpemes r~f toreclosu-e. includint, bul so/ lia~ited to. rcasonibk at~~~rnrr's fees.
and cosls ot doc~raenlary evideace. abstracts and ~itle reports.
19. dornuwers Ri~hl to Reinstate. tie,tw~~h.~.~nJ~n~ I en~ter'c accelerah~~n of tht sums ucured by th~s Nongage.
Horrower shall have ~he nght to ha~c ~m rr~hrr~t~•~~ •'•.::.•~ ~~y Lrnder r~~ rn(~~~.c th~+ ~1~~r~gagc d~tic~~nl~nurl .~~ ~m time
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