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1 cndrr's wntten agrecmrnt o~ apphrabk lew. 13~rrowrr shall pay thr amuunl ot ali murtgage inwrar-ce Prcmiums in the
mannrr pruv~dr.l under paraRraph 2 herco(.
Any amuun~~ d~~hiuud by LcnJe~ punuaM tu ~his pareg~aph 7. w~~h intrrca ~hercun, thall l+ecome additional
m~lchtednc~~ uf N~~rr~iwcr ucu~cd hy ~h~c Mun~rgc Unic~c R~-~mwcr and I rnJrr aRt~YlAAl~e~t~r~.~ i-t paymenl, tuch
amouMc tihall hc paYahlc u~xm nuli~a fmm 1~ndcr ti~ B~~rruw~r rcy~Kaing paymrn~ ~hcrci-f, and iFiall hcar interesl from the
date of ditihurkment at the ratc paVahlc fram limc 1o t~me on outsl•rndinR principa) under thc NMe unlesc payment of
inte~est at such rate would he contranr to applirable law, in which event ~uch amounts shall txar intetes~ at the highest rate
permiuihk under applicable law_ Nulhing r~~n~ained ~n thic paragraph 7 chatl requirc I.ender to incur any eapente or take
any action hereuoder. ,
S• Isspection. 1 enckr may mal,c ~.~ rau.r t~~ I+c madc ~cauinable en~reec i~~xm and inspections ot the P~operty, provided
that I.ender shall give &~~rower n~~t~ce pri~+~ ~o any ~uch inspa:Uon tpecity~ng rcasonabk cause thercfor related to Ltoder's
in~eres~ in the Property.
9. Coademaatioa. The prc~ceedc of a~y award ar claim tor damages, dirccl or consequeatial, in coonection with any
condemnation or dher taking of the P~operty, or pan thercof, or tor conveyance in lieu of condemnatioo, are hereby assi6ood
and shall be paid to Lende~.
in the event of a tot~l taking of the Proper~y. the proceeds ~hall be applitd to tlu sums securcd by this Mortaaae,
with the ezcess, if any, paid to Borrower. In the event ot a partial taking of the Property, unless $orrower and I.et~der
aherwise agroe in writing. therc shall be applied tc- ~ho sums sec~crcd by this Mur~gage cuch proportion of the pmceeds
as is equal to that praporiion w•hich the amounl of Ihe sumc ucured Ay thit Mortgage immediately prior to the date of
Iaking bears to the fair market value of ~he Proper~y immediately prio~ ta the date of taking, with the balance of tfie proceeds
paid to Bormw~tr.
Tf tho Property it ahandoneJ bv Barmw•cr. ~r if. afte~ nolice hy 1 ender to Borrower that the condemnor oBers to make
an award or uUle a claim (or d~maKC~. B~~rmwer (ail. ti, re+~+c~nd to I.encler within 30 days afler the date such notice is
mailed. 1.ender ic aiNhorited to rnllect and apph• ~he proceedc. at I.ender'c optii~n, either to r~storatio~ or repair of the
Propcrly on~o tht sumt ~ccured M• thic Mortgaec.
Unless l.ender and Borrov-•er olherwice agree in wri~~nc. any such application of pre~ce~ds to principal shal) not extend
or ~stpe,ne the due date of the monthly ins~allmcros rcferred to in paragraphc 1 and 2 hettoF or change the amount of
such inslallmems.
10. Botrower Not Rele~sed. Extension of the time tar payment or modification of amortization of the sums securcd
by this Mort~tage granted by l.ender to any auccecsor in interect of Borrower chall not o{+erate to rclease. in any manner,
the tiability of the original Borrower and Bnrrower'c succesu•rc in interest I.encier shall not be required to commence
proceedings against such succestor or rctuu to e~tenJ ~ime for payment or otherwiee modity amortizal~on ot Ihr ~~~ms
secured by Ihis Mortgage by rcason o( aryr demand made by the ori¢inat Eionuwer and Borroweri successon in intercct.
' 11. Forbeacance by I.ender NM s Waiver. Any f~rhearance by (.ender in etercicing any right or remedy heteunder, or
otherwix afforded by applicabk law. shall nc~t be a waiver af ar preclude the exercise of any such right or remedy.
The procurement of insurance ~r the payment of taxec ar olher liens or charges by l.ender chall not tx a waiver ot Lenders
right to accelerate the maturity of the indehtednecs sec~~rcd hy this MortgaRe.
12. Remedies Comulati~e. All remedia provided in this Mortgage arc distinct and cumulative to any other ri6ht or
remeJy unde~ this Mortgage ar afforded by law or equiry, and may be eaercised concurrently, independently or successively_
~ 13. Soccessors and Assi~os eound; .loint and Several i.iaM'lity; Captbns. 'll~e covenants and agreements herein
contained shall bind, and the riRhts hereunder shall imire to. the recpective successorc and assigns of Lendtr at~d Borrower.
subject to the provisionc of paragraph 17 hereof_ All covenants and agreementc of Borrower shall be jain- and several.
The captions and headings of the paraeraphc of thic Mongage are f~r convenience only and aro nat to be u~ed to
~nterpret or define the provisions herec~L •
14. Notke. Except for any no~ice required unJer applicable law ~o be given in anolher manne~, (a) any notice to
Borrower provided for in this Mortgaee thall be g~ven by mailing tuch notice by certified mail addretud to Borrower at
the Property Address or at such dher addresc as Borr~wer mav dec~gnate by notice to I.ender as provided herein, and
(b) any notice to Lender shall he given by cer~i6eJ mail. return reCeipt requested. ta i ender s address staled herein or to
cuch olher address as i.ender may decignate by n~tiie t~~ B~rmwer as pro~ided herein Any notice provided for in this
Mort,gage shall be deemed lo havc l~een g~ven to Borrrv-er or I.ender v-htn g~ven in Ihe manner detignated herein.
1S. Unitorm Morl~s~e; GoverninR LaN: Se~erabilit~~. Thit form of mongage combines unifonti covenanls for national
use and non-uniform covenan~c with IimiteJ vanat~ont h~ ~~~n~Jiction to constitute a uniform security instrument covtrina
real property. This Mortgage shall be gaverned hv thr law of the jurisciiction in which the Property is located. ln the
tvent ~hat any provision or clat~~e of thic Mortgage ~•r the tirne conflictt wi~h applicable law, such conflict shall net aifect
other provisions of Ihis Mortgage or the Nnte which can be given effect wi~haut the conflicting provicion, and to this
end the provisions of the Mortgage and the '~lote arc .kclared to tx uverable.
16. Eormwers CLOpy. Borrower shall be furni~hed a con(c-rmed copy of the Note and of thit Mongagt at the time
of exccution or atter rccordation herrnf.
17. Tnaster of the Property: Assumplian. 1f all or any pan of ~he Pr~:peNy or an interest therein ic sold or tnnsferred
by Borrower w~thout Lender's pnor wrni~~ .un~ent. etcluding lal the creahon of a litn or encumbran~e subord~nate to
this Mortgage. (bl the creat~on of a purch:ne m~~nevi cecuritV mterest tor household appliances. (c) a trantfer hv devise,
descent or by operation o( law upon Ihe dcath nt ~ j~im tenant or fd~ the grant of an} leasehold imercst ol lhrcc ycars ot less
not containing an oplion lo purchast. 1 ender ma~•. u~ I ender'~ opt+on. decl:~rc all ~ht sums secured by this Mortgagt to bt
~mmediatdy due and payable. Lender chali h~.e w,uved such option to acrrleralt if. prior to 1he cale or ~ronsfer. Lender
and the person to whom ~he Propeny i~ a~ bc ~nIJ ~.r trans(errcd reach agre~ment in writ~ng th~t ~he crcdil o( auch pcrxon
is satisfactory to I_ender and thal Iht inler~.~ pa~ablt on tht sums secured t~y this Mortgage shall bt at soch rate as !_ender
shall rtquest. If I.er+der has waived thc op~ion ~o accelera~t provided in ~his paragraph 17, and if Borrower'> >uccessor in
~nterest ha~ executed a written assump~ion agreement accepted in writing by 1_enJer. Lender shall rekau Borrower f~om all
obligat~ons under this Mor~gage and the Note.
If I_ender exercises such opt~on t~ accelera~e. I_enJer ~hall mail Borrov-er notice ot accelera~ion in accardenc~ ~ ith
paragraph 14 hereof. Such nohce chall provide a peribd o( not less tban 30 days (rom the date the notice is mailed within
which Borrower may pay tht sums decl:~red due. I( Borrower h~lt to pay such sums prior to Iht expintion of ~uch penod.
Ltnder may, without (unMer notice or dcmand an Bo~row•er. mvoke any remediu pum~ueA by p~ragrapfi IR hercat.
NON-UNIFORM COVENANTS Borrower and Lender turther covenant and agree u follows:
la. Accelerstioo: Remedks. Excep as provided io p~~npA 17 be-eot. nps iorrowers brexM ot ~uy co~enawl or
qrecmeat of Qorrower ie t6is Mort~sRe. includinR Ihe co~enaats to ~ay wAew dYe ~ey soms secured Sr thk MortRs~e. I.taAer
prio~ to sceelerstion shall m~il notke Io dorrower as provided In para~nph 11 he~cot specHyin~:11) the brr~cA:121 ~Ae sciiow
rcqulred to core sticb brescb;l3) a date. wot kss than 30 dsys fmm thc date the- notke b~nailed to dorror.er. A~ .+hkh src~
~each a~mt be cored: ssd (Il thst tail~re lo crre srcb brescA oa ot befoK Ibe dale speci6ed is tAe aotke msr resdt i~
accekrstioa ot tre sams accnred 6y this MortRaRe. to~ecbwre by judkial proceedi~ a~d sale ot tAe Prope~ry. 'i1+e notke
shall turther inform dorrower ot tAe riRhl lo rei~stNe sfler accelentbn and the ~A1 !o a~seA ia the fortclosrre Noceedi~
tbe aon-etistence of s detsuN or sny Mher defense of Eorroaer fo scctkrstbw ~nd torecbsure. /~ tbe bnscA is not c.re~e~ o~
or before ~he dste specifieA ia tbe notice. Lender at I.ender's opbw w~ay declsn ~1 ot tbe stia~s xc~red ~ thb MortRaRt fo be
imw~ediattly due snd psyabk withoul furtNer demand ~nd msr totecbst tAk Mo~a~e ~ jndkW rroceediuR. I.en~er shall
be entitkd to edket in srcl~ proceedi~ sll e:penses nt toreclowre. Inclndi~. bot no1 Umited to. rc~sonabk st~.,rnev's fees.
and costs ot doc~w~ewtary e•idence. sbstrscts and ~itk repoAs.
19. don+uwers Rl~ht lo Reis~state. Notw~~h~trnd~n~ I tnJtr's accelerat~~~n of the sume secured by ~h~s MonRage.
8otrower shal) havt tht nghl ~o have am pr~xerdin~. hrf~~n b~ Lcnder ~o en(~rct tAn !11~rtga¢e d~uonUnucJ a~ any hmt
n"7x.,~J P~GE~C7JU