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I.endrr'c writlcn agrremcnt or appl~:able i~w. t3arrower shall pay thr amu-mt ot all mortgage incurance premiums io ihe
mannrr pruvi~lyd unJer para~raph 2 hercof.
A~y am~~untc di~h~~~~rd hy I rnJet punuant tu th~s paragraph 7. w~~h ~nlcrccl 11-eSe4n...sha1L pscome addiUanaf
in.lrhtcdne~c uf Rurruwrr ~ecurrd by ~h~. Murt~;age Unlc.~ B~~rrower and 1 rnJrr ag~ec to other fennc o( payment, such
amauntt ~hall hc p•ryaMc uEx~n ni~tirr fmm 1 cnder ta Borrowrr reyuecling paymrnt thcrcut. and ~hall t+ear interexl from the
date of Jicburcemcot at the ~atr payaMe fram time to time un ou~standing p~incipal unde~ Ihe Note u~ksc payment ot
i~terest at such ~ate would !ie contranr ~a applicahle law, in which event tuch amountc ~hall bcar interest at the highett rate
permiuible under applicable law. NuthinR c~miained m ~hic paragraph 7 thall require Le~de~ to incur any expense or take
any action hercunder. •
S. lsspecfbn. 1_enJer may malc ~x rau.r to bc madc reaconable entriec u~+c~n and inspections of the Property. provided
that I.ender shall give Borrower n~~ticr priur t~~ any ~uch inspection specifying rcasooabk cause therefor related to I.ender's
~nterest in the Propehy. -
9. Cademnatbn. The prc~ceeds ot any awa~d or claim for damages, dirce~ or co~sequential, in connection rvith any
condemnatio~ or dher taking of the Propeny, or part thercof, ex for conveyance in lieu of condtmnation. are hereby assigned
and shall be paid to I.ender.
In Ihe event of a total taking of the Pmperty. the p~oceeds chall be applied to the sums secnrcd by tfiis Mo~age.
with ihe excess, if any, paid to Borrower. In ~he event of a partial taking of ~he Property, unless Borrower and I~ender
otherwise agrce in writinR. thete shall be applied to Ihe sums securcd by this Mortgage such proportion of the prooetds
as is equal to that proportion w•hich thc amount c-f thc sumc sccurcd by this Mortgage immediately prior to the date ot
taking bears to the fair market value of thc Pru~xrty immcdiately prior to the date af taking, wilh the balance ot the proceeds
paid to Borrowe~.
1f the Propehy ix ahandoncd hv Borrov-•cr. ~r it. after notice by l.ende~ tn Bormwer that the condemnor oRers to mate
an a~+rar~ or utUe a claim tor dama~., B~~rmwer fail. ~~ re~~nd to Lender wi~hin 30 days after the date such notice is
mailed.;Lender ic authoriaed to collrct and appl~• ~he prcuceds. at I.ender's optian, either to ratontion or repair of the
Property or tc- 1he sum~ cecured b~• thi~ Mor~gag~ .
Unl~sc l.ender and Borrovve~ olhenviec agree in u•rit~ne. any such application of procetds to principa) shall nW tatend
or pcxlpont the due da~e o( the monthlv installmcnls rcferrcd to in paragraphc 1 and 2 hereof or thatlge the amount of
such installments.
l0. Sonower Not Rekased. Fxtension of the time for payment or modification of amortization of ihe sums securcd
by this Mortgage gnnted by l.ender to any cuccecsc-r in in~erecl of Borrower chall not operate to release. in any manner,
the liability of the original Borrower and Be•rrower's succescor~ in interest. I.ender shall ~ot be required to eommence
proceedings against cuch successor or retuse to ettend ~ime far payment or othenvice modify amortizat~on of ~hr sums
ucurcd by thi~ Mortgage hy rcasan of any dema~d made by the orieinal Borrower and Borrower s successon in interect_
I1. Forbeannce by I.e~der NM a Wdver. Any forhearance by l.ender in etercising any right or remedy hereunder, or
othenvise afforded by applicahle law, shall not lx a waiver of or preclude the exercise of any such right or rcmedy.
The procurement of insurance pr the payment ot ta~ces or ather liens or charget by 1_eoder shall not tx a waiver of Lenders
right to accelerate the maturity of the indehted~ess cecurcd h}° thic Mortgage_
12. Remedies Cnmulati~e. All rcmedies provided in this Mortgage arc distinct and cumulative to any other right or
rcmedy unde~ this Mortgage or a(forded hy law or equi~y. and may be etierciud concurrcntly, independently or successively.
~ 13. Seccessors and Assi~ns Boond; .7oint aad Several I.iability; CapHons. The covenants and agreements hercin
con~ained shall bind, and the riRhts hercunder shall inure to. the retpective successorc and assigns of Lender ~d Borcow~r.
subject to the provisionc of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and sevenl.
The captions and headings of the par~graphc of ~his Mortgage are for convenience only and are not to be uad to
interprct or define the provicions hereof. .
t4. Notke. Excepl tor any no~icc required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortga¢e shall be given hy mailing such notice by cer~ified mail addressed to Bon~wer at
the Property Address or at such other addresc as Borr~wer mav designate by notice to I.ender as provided herein. and
(b) any notice to Le~der shall he givcn hy certificd mr~l_ return rece~pt rcquected. to l enders addreu stated herein or to
such o~he~ addrcss as 1_ender may deci¢nate by n~tice 1~ Borr~•wer as prov~ded here~n. Any notice provided for in this
Mongage shall be deemed ~o have t+een R~.•en to Bc-rrrwer ~.r l.ender w~hen g~ven in the manner decignated herein.
1S. Unitorn~ Mort~a~e: Gorernin~ I.a~.; Se~erabilil~•. Thi~ f~rm of mortgage combines uniform covenants for national
use and non-uniform covenan~c with IimiteJ vana~ionc h~ juricd~ction to constitu~e a uniform secority instrument rnvering
rcal property. This Mor~gage shall be governed h}• the law of the juricdiction in which the Property is Iocated. In th~
event that aoy provision or clau~e of ~hic Mc-rtgace c•r the Note conflicts v-~i~h applicable law, such conflict shalt not atfect
o~her provisions of ~his Mohgage or the Nntr wh~ch can t-P g~ven efTect wi~hout the conflicting provicion, and to this
end Ihe provisians of the Mortgage and the 'Votc arc dcclared to be uverable.
16. eorrower's Copy. Borrower chall lx (urn~.heJ a contormed copy o( ~he Note and of this Mortgage at ihe time
of ezecution or atter recordation hercof.
17. Transfer of the Propertv; Assump~ion. If all ~r any part of the Property or an intercst thercin ic sold or transftrred
by Borrov~er without Lender's pnor wnncn ioneent. excluding lal ihe crcation of a lien or encumbranct subordinate tc
th~s Mortgage. (bl the creation of a purch,,.e m~~nev ~ecurity mterest for household appliances, (cl a ~ransfer hy devise.
descent or by.operation of law upt~n Ihc Jcasfi ol r i~~~n~ lenant ar (di ~ht gran~ o( any leasehold interest of thrce years or less
not cont~ining an option to purchase. l.enJer may. a~ .!_ender'c optia~. declare all the sums secured by this Mortgage to be
immediately due and payaMe. t.ender chall h~.e M.uved such opbon ~o accrlerate if, prior to ~he wlt or transfer. Lender
and the person to whom the Properry i. ~~~ t+c .oW or trans(errcd reach agrrrment in' writing ~hat the credi~ of ~uch percon
is satisfactory to LenJer and that Ihe inlrrr.~ pa~able on Ihe sums secured by this Mortgage shall be at such rate ac 1_ender
shal) request. If [.ender has waived thr op~~on ~o accelera~e provided in ~his paragraph 17, and if Borrower'> >uceessor in
interest hac executed a wntten assumpuon agreement accepted in wribng by [.ender. Lendtr shall ydease Borrower trom all
obligations under this Mortgagt and the Note.
If t_eoder exercises such opt~on a. ac~elerale. Lender :hall mail Borrower notice of acceleration in accordancr ~+i~h
paragraph 14 hercof. Such notice ~hall prov~de a penexi ot nat less than 30 days from the date the no~ice is mailed within
which Borrower may pay the sumc declared due. If Borrower fails to pay such sums prior to the expirat~on of cuch pencxl.
L.ender may, without (urther not~ce or dcmand on Borrower. ~nvoke any remediu permitted by paragraph 1R herrnf.
NON-UNIFORM COVENANTS Borrower and l.ender tunher covcnant and agree as fol{ows:
ls. Accekrstan; Remedks. E:cep as provWed io pansraph 1~ hc.eof. ~poa Sorrowers brex- ot asy covewl or
a~rcement of eorrower in this Mort~a~e. includinR Ibe corensnts to pay wben due sny sn~a secured by tbls MortR~e. I.cudcr
prbr to accekratbn shalf mafl notice to dorrower as provided In psrs~rapb 14 hereo~ specHyie~: (1) tAe Sreacb:121 tAe setbA
reqnired to con socb brcach;l3) s date. aot ks than 30 dsys trorn the dMe the notke b rnailed to dorror.er. by •rAkh wcM
bresch must be c~red: sad (1) ~hst tailurr lo core srch brc~ch ow or be(ore /hc date specN'ied In the aotke mir resalt i~
sccekration ot tbe sua~s secnnd by Ihis MortRaRe. Ioreclowre by judkid proccedin~ and sak ot thc Properry. 'tl+e nolke
shaN turtber ietorn+ dorrower ot the ~ht lo rcinstate stlcr sccekrstba snd the ~hl to a+seef is the foreclosrre ~noeeedl~
tre aon-existence ot a dcisuM or sny olher delena ot eorro..er fo ~ccelcntion iud toreclosort. 1/ 1hc bre~cw b nM crrea o~
or before the dsle speciBed ia tbe notice. l.ender ~~ I.endtr's oplfo~ aay deelare dl o~ tht stiw~s set~red bp thb MoAR~e lo be
imn~ediattly dut and psysble witM-u1 tunher dem~nd ~nA may forec{ost tbis Mo~a~e by jodkW proeetdlnR• t.eedtr chaN
be entitltd to cdlect M sncb proecedinR sll e:penus of forecbsurr. Includin~. eut wot Umilad to. nasowabk st~•-rnev's fees.
aad costs d docY~sestary e•idence. ibstncts ind Ii11e reports.
19. ~rowtr's RiRbl fo ReinslMe. No1w~Ih~ta~d~ng I ender's accelerat~on ~of ~he sume ucured by th~c Mort~age.
Borrower shall have the nght ~o havc am prcxe~d~nc~ he~un b~ Lcnder 1o en(orce Ih~~ M~r~gaqe d~scont~nued a~ an~ t~me
. ~t'~x 349 P~~E 2813