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IxnJrr'c wnt~en•agreement or appi~cable law. Borrower shall pay ~he amounl ot all murtgage inwrance prcmiums io the
manncr prt~vidr~i ui~dtr para~taph 2 hercot.
/1nv amauMt di~hursed by Len~ler punuant lu this ~+aragraph 7, w~th ~mrrect ~herenn, chall I+ecome addiUana)
indeMednes~ ut Hor~owrr securcd by th« !11ur~gagc Unle~~ Hc.rrc~wer and I~nJrr agrre lo other termc o( paYment, such
am~unt< <hall he payahlc u~~n nulice (rory 1 cnder t~~ &~rroNrr rcye~c+~ing paymcnt IhcreaL and chall Ixar interest from the
date of di~bursement at ~he rate ~yable from time to ~ime un outstanding prii-cipa) under ~he Note unlecc payment of
interest at such rate would be coM~arv to applicable law, in which event ~uch amountt chall hear interest at the hi6hest ntt
permissibk under applicablt law. N~~thing a~mained in thi~ paragraph 7 chall requirc I.ender ta incu~ any expena or take
any action hcreunder.
S. laspectba. l.enckr may make ~~r cru.r to F-c maJe reawnable entrie~ u~n :~nd inspechanc o( the Propetty, proviJed
thal I_e~der shall give Borrower nohce pri~~r ta any wch in~pectum ~pecitying na~emabk caux theretor rclated to Lender's
ioteresl in the Pra~-erty.
9. Coodemnalioa. The procced< <~f any awa~d ar claim fo~ damages, direct ar consequeotial, in connectiw~ with any
c~ndemnation or other taking of ~he P~operty, or pan thercot, cx for conveyance in lieu of cond~mnatioo. are heteby assignod
and shail be paid to i.snder.
In the eve~t of a tolal takin~ of the Properly. the proceeds chatl be applied to the u~ms securcd by Mis Mortgagt.
with the excess, if any, paid lo Borrower. In Ihc event of a partial taking o( the Praperty, unless Borrower and I.ende~
otherwise agree in writing. therc shall be applied tc- Ihe ~umc seaircd l~y thit Mortgage such proportian at the procecds
as is equa) ta that proportion w~hich Ihe ~mount of ~he sum~ sccurcd by this Mortgage immediately pn~r to the date of
taking txarc to the tair market value of the Pr~~{xrtv immediatety prior ~o the date of taking, wi~h the balance of the procetds
paid ta Borrower.
if the Properly ic abandoned hy B~~rrower. or if a(ter notice hy l.ender to Rorr~~wer that the condemnor o}ftrs to matt
an award or sNtle a claim (or damaKC~. Rarrc.wer fail. ~~~ re<<x~nd t~ I.rnder w•ithin i0 days after the da~e such notice is
mailed. i_rnder ic authorizrd to collecl and appl~• the proceeds. al 1_ender'c option, eithe~ to rtstoration or rcpair of the
Property or to the cum..ccured b~• this Mori~taec
Unless l.enJer and Borrower Mhervvicc agrce in wrihnc. any tuch applica~i~n of proceeds to principal shall not extend
or pc•ct~ne Ihe due Jate of the mon~hlv ins~allmen~s rcferrcd to io paragraphti 1 and 2 hereof or change the amount of
cuch inslallmentc.
10. Borrower Not Rekased. Extcnsion of the Iime (or paymenl or mc~difica~ion of amorlization of the sums securcd
by thic Mortgage granted by 1 ender to any cuceecsor in intrre~t of Sorrower chall noi operate to release. in any manner.
the liability of the o~iginal Borrower and Bc~rrower'c succestorc in interest. I.ender ~hal) not be rrquired to commence
proceedin~c a¢ainct such tuccessor or rcfuse to ertenJ time for paymen~ or otherwi~e modify amortizat~on of thr wms
urured by thic Me-rtgage by rcacon of any demand made b}~ the oriq~nal Borrower and Borrower s succesu~rs in inter~ct.
' I1. Forbesrance by l.ender Not ~ Waiver. Any f~rhearance hy l.ender in etercicing any right or remedy hercunder, or
otherwise afiorded by applicable law, shall not be a waive~ o( or preclude tfie e~ercise of any such right or remedy-
The procarement of insurance pr the payment of taxes or other liens or charges by Lrnder thall not tx a waiver of Lender'a
right to accelerate the maturity ot the indehtednecs cecured hy thic I-iartgaRe.
12. Remedies Cumulsli~e. All rcmedies provided ~n thic Mongage are distinct and cumulative to any o~her right or
remedy uRder this Mortg~ge or aflorded hy law or tqui~y. :~nd ma~• Fx eterc~ced concurrcntly, independently or succeu"wely.
' 13. Successors and Assigas Bound; .,)oint and Se.•ersl I.iaM'liq•; Captbns. The covenants and agreements herein
contained shall bind, and the riRhts hereu~der shall inurc to. the recpective succe~sorc and assigns c-f Lender ~d Borrowe~.
subjtct to the provisionc of paragraph 17 hereof. All covenants and aRreements of Borrow•er shall be joiry and several.
"il~e captions and headings of the paragraph~ of thic Mortgage art for convenience only and are not to be tned to
interpret or de6ne the provicionc hereof.
14. Notict. Except for any notice required ~~nckr applicable law t~. be given in another manner, (a) any notice to
Borrower provided tor :n this Nortga¢e ~hall tx given by maifinR wch noUCe by crrtified mail addrccied ~o Borrower at
Ihe Property Address or at such o~her addrccc as B~-rr~.wer ma~• decignate bq ni~tice to ( ender as provided herein, and
(bl any notice to i_ender shall he given hr certifieJ ma~l. return receipt reyuected. to I ender'i addrecs stated herein or to
cuch other address as l.ender may de~i¢nate M ontire t~~ Bormwer as pro.~deJ herein. A~y no~ice pmvided for in this
M~~rtgage shall tx detmed to have t+een Fi.•en to B~rmwer .~r I~_~der v-h-n g~ven in the manntr ciecignated hertin.
• 1S. Unitorm Mort~a~e: Governin~ Iaw: Se.erabilit~. Th~~ f~rm of mortgage combines uniform covenants (or national
use and non-uniform covenantc with IimiteJ vanauon~ h~~ ~~~neJ~ction to c~nsti~ute a.unitorm security instroment tovering
rcal property. This Mortgage shall be governed h~• ~he law• of the jurisdiction ir. which Ihe Ptoperty is locattd. in the
event ~hat any provis~on or claine of thic Mortga¢e ~~r the !~~~te conflic~s wi~h applicabk law, such conflict shail not afltet
other provisions of lhic Mortgage or 1he Nulr wh~ch can Me grven efTect without tht conflicting pmvicion, and to this
end the provisions ot thc Mortgage and the V~He arc ~lcclrred to he uverable.
16. dorrower's Copy. Borrow•er chall t+c furni~heJ ~ rnn(i~rmed copy of Ihe Nole and of this Mort¢age at the time
of ezecution or af~er recorda~ion hereof.
17. Transfer ot the Propertv: Ascumption. 1/ all ~~r any pa~t of the Propeny or an intercst therein ic sold or tnnsterred
by Borrower without t.ender's prior wnttin ~~~ncent. culuding (al the creatian of a lien or encumbranct subordinate to
th~c Mortgage. (bl the creahon of :~ ~unh~k m~~nr~ cecurily interest f~r hauschoW appliances. (c) a ~rancfer hv deviu.
descenCOr by operation of law upon the death ~~f a i~~~~t lenant or ldi the grant of any leaxhold interest of thrce )cars or Itss
not containing an option to purchase. 1 endtr may. ~t 1 ender'~ option. decl:+rr all Iht sums secured by Ihis Mortgage to bt
~mmediately due and'payable. 1 ender ~hall h~.e M.~~.ed such opUon io ,~..~Irrate ~f. prior ~to th~ cale or transfer, l.ender
and the perx~n ~o whom the Propertv i. ~~~ t+r .~~IJ ~•r ~r~n~ferred reach agre~menl m wnting that the c:tdi~ c.f wch person
is satislactory to I.enJer and lhat Ihe in~err.t pa~~blc on the sums ucored by this Mortgage shall bt at sach rale ac I.ender
shall request. If I.ender has waiveJ the op~iun to accelerate provided in thit paragnph 17, and if Borrower'a successor in
interest hac executed a wnlten assumpt~on agreement atcepted in wriung by l_ender. l.tnder shal! release Borrower (rom all
obligations under ~his Mor~gage and the Notr. •
If I.ender eaercius such opuon M accekra~e. 1_enJer ~hall mail Borrower notice o( accelerauon in accordanc~ N~~h
paragraph 14 hereof. Such no~~ce +hall prov~de a Exnc.d of not less than l0 days trom ~he date the notice is mailed wi~hin
wh~ch Borrower may pay ~he sums declrred due I( Borrower fa~lc to pay such sums pnor to the expirabon of wch ~xr,c~d.
Lender may. w~~hout [urther no~~ce or Jcmand on Horrower. ~nvoke any remed~es perrn~tted by paragraph IR hcrcot.
NON-UNIFORM COVEVANTS Borrower and lender (urther tovenanl and agret u follows:
18. Accekralion; Rcmedia. Excep as pro~Wed in pa~npb 17 Aereot. ~pw io~*'uwers breuA ot aar covewiwt or
asreemeet o( Eorrower ia this MatRaRe. includl~ the co~eaanls lo psy wbsw due iey snn~s secured ~y Ihts MorlRa~e. I.ender
prior fo sccekrsfbn shdl mail aotice to dorro~-er as pro~ided ie parsRrsph 14 hereot specNyins: (1) the bre~cA: (21 tAe scibw
«qufred to cure soch bn~ch;13) a date. not kss ~bsn 30 days trom Ihe date the notice is maikd to Sorror.er, by wAich suc~
b~esch must be curcd; aod (~) Ihat failun Io crre snch brcach on or bctore tbe date speci6td in the nolke m~r resuM i~
sccekntion ot tbe sun~s secured by this MortRaRe. toreclowre by judicfd Proceedfnt ~nd ssle of the Prope~ry. The ~w1ke
shall furthcr intorm Borrower of Ihe ri~hl to reisstafe sfler sccekrstbn and tbe ~bl fo asseA iw the fortclos~re ~e+oeeedi~
t6e aon-existence of ~ defauk or any othe~ detena ot ~ono+-er to accekration snd toreclosore. 1( tbe bre~ch is not cored o~
or betore the date speci6ed ia 1he notice. Lend~r a~ t.rnder's oplioe may declare ~q oI the srias secrnd br this Mort~s~e to be
immediately due snd psy~blt wilhoul turther deman0 ~nd msy fonclost thk Mo~a~e by j~dicW ~oettdlnR. /.en~er cAap
bt entiNed to cdket in wcM proceedie~ sll e~tpensts «i fo~eclosun, leclndin~. bnt ~ot limiled lo. reasonible stt.~rncti's fees.
and costs u( doc~rnentary tvidence. sbstrscts ~nd litk rcports.
19. aono~+er's Ri~ht to Rtinstste. NotwilMtendin~ I ender'i acceleraUon of the sum~ ucured by ~h~c Mor~gage.
Borrower shal) have Ihe right to h~ve an~ prcKtrd~~e< he~,~~~ b> L~ndtr tt- enf~rct Ihn M~ngage dnconUnucJ at a~~ ame
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