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Lc~dc~'s wnucn agrcemcnt ur apphcabk law. Bu~~uw~r sh~ll pay Ihc amuum ot all mungage inwrance prcmiums in the
m•rnnr~ p~uv~drd undcr pa~agraph 2 hereof.
/1ny am~~unlc di~hur~ed by I rn~lc~ pur~uanl a- ~his prr.~graph 7. wuh uitr« u ~here~,n, ch:dl herome addiliona)
inJcb~rdnr~c uf Ru~ruNC- ururrd hy th~. ~1uri~;.~Kc 1'~ilc.. Rorruwcr an~l 1 rnJC~ agrtt to ~lhcr ttrtnc i.f paymcnt, cuch
am~~unt~ ~hall hc payablr uM~n nuticc frum I cndrr ~o B~~rr~,~rr rcyuc,ling paymr~H thcrc~~f. ~*1 th'•rY t+ear intcrect.ftQm the
date of di~bursemenl al Ihe rale pavahlr tn•m Iim~• ti~ Ume un outqanding primipal under the Note unlecc~paymedt of
interest at such rate would he cc~ntrar~• ~o applirablc law, ~n uhich rvem ~uch amounts thall hear interesl at thp highect rate
permiuible undcr apphcable law. Nu~hing c~~niained m ~h~. pa~aRraph 7~haU reyuire t.cnder to incur any expenst or take
any action IKrcunder.
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i::+j:~iiwiw. i-c~YUCi maY u~.~wC ~q ~a~~~l' 1~~ nl' (II:IdC fl'dWqJOIC l'f11~ICC U(1OO :Illd if1S~lCCl10OS OI !fl0 YfOPCfiy. prov~oea
that l.ende~ shall give Bormwer notice pri~~r tu an~ wrh impectiun ~pecifying rcasonabk cause theretor related to Lender's
intcrest in 1he Propeny.
. 9. Cosdemaation. 'Tl~e prc~ceedc of any award or claim for damages, direcl or consequential, in connection with any
ceodemnation or olher taking of the Prapeirty, or part thereof, or tor conveyance in lieu of condemnation, are hereby usigned
and shall be paid to I.ender.
1n lhe eveot of a total laking of the Property. the proceeds chall be applieJ to the soms secured by tfiis MoKaaae,
with tht excess, if any, paid lo Borrower. In ~hc evem of a partial taking of Ihe Praperty, unless Barrower and Lender
othenuise agree in writing. there shall t~e applied to ~he ~ums securcd by this Mortgage cuch proportion ot the procoeds
as is equal ta that •proporlion w•hich ~he amuun~ of thc cumc ucured by this Mortgage immediately prior to the date of
taking b~an to the fair market value af the Pn~pc~tv immcdiately prior to ihe date of taking, with the balance of the proceeds
paid to Bor~ower.
if the Property ic ahandoned M• Rormwr~. .~r it alter naice hy 1 ender to Borr~wer that the condemnor oBers to malce
an award or setNe a claim (o~ Jamace~, B~+rr~~wrr t:,~l. i~. rc~~nd to I.ender wi~hin i0 days ai~er the date such nolice is
' rrmailed. I.e~der ic authoriaed to collec~ and appl~• ihr procecdc. a~ l.ender'~ option, either to restoration or repair o[ the
Proptrty ar to the wm. ~crured h~• thit Mc~rtFaer.
1.~nlesc ! encle~r an~1 ~~rrnk~e~ Mhrnv~ci ~nrrr ~n urit:..n ~.,~• ~::~h a~nl~.-ass~n nf nrm~~e tn nrincinal chall nn1 txfend
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or poctpone the due date of the monlhlv inst:~llmcros rc(erred Io in paragraphs 1 and 2 hereof or changt the amount of
cuch installments.
10. EorroMre~ Not Releaced. Extension of the iime for pa)menl or modiBcation of amortization ot the sums stcurcd
by this Mort~tage granted by 1 ender to any tuccecu~r in imere~t of Borrower ~hall not operate to rclease. in any manner.
the liabiliry ot 1he original Borrower and Borrower'c succesuxc i~ interest I.ender shall nut be required to eommence
pn.ceedings against such successor or rc(use tn eYtenJ time for payment or othervvice modify amortization of ~hr wms
cerured by thic Mortgage by reason of any demand made by the ori¢inal B~rrower and Borrower s successors in interect.
' 11. Forbeannce by I.ender Not a Waiver. Any f~nc~aranre b}• l.ender in erercising_an~ right ot rcmedy hereunder, or
otherwise affiorded hy applicable law. shall not he a waiver ot or preclude the exercise of any such right or remedy.
The procuremenl of insurance Qr the payment ot tate~ or other liens or cF~argec hy l.ender chall not he a waiver of Lender's
right to accelerate the maturity of ~he indehtednecs cecured h}~ thic Mortgage.
12. Remedks Camulati~e. All rcmedies provided in thic Mortgage are distincl and cumulative to any other right or
remedy unde~ this Mortgage or afforded hy law or equi~y. and may tx exerciced concurrently, independently or s~:eceu+vely.
-~ 13. Soccessors snd Assi~es Bound: Joint and Several I.isMlity; CspHons. The covenants and agreements hereio
contained shall bind, and the riRhts hercunder shall inure to_ ~he re~pective succe~corc and assigns of I.ender at~d Borrower.
subject to tF-e provisionc of paragraph 17 hereof_ All covenants and agrcementc of Borrov-er shall be joiry and several.
The captions and headin¢s of the paragraphc ~f thic Mortgage are f~•r conv~nience only and art not to be used to
interpret or define tfie provicion~ he:eof.
14. NMke. Except tor any notice required unJer ~pplicahle law t~: t+e given in another manner, (a) any notice to
Borrower provided for in thic Mortga¢e ~hall be g~ven M~ mading tuch notice by certified mai) addresxd to Borrower at
the Property Address or at such o~hcr addres, 3s Borr~~we~ ma~ decignate b}~ n~tice to I.ender as provided herein, and
R+) any notice to lender shall he gi~cn by certified m~~l. rctum rere~pt requected. to 1 ender s address sta~ed herein or to
~uch o)her addrcsc as Lender may decienate M n~~6re t~. Bixmwer as pro~ideJ herein. Any notice pmvided for in this
Mortgage shall tx deemed ta ha~~c t+cen Rnen to B~rmwer ur 1 ender whrn gwen in the manner decignattd herein. '
1S. Uniform Mort~a~e: GoverninR [aw; Se.crabilit~. Th~~ (orm o( mortgagc combines uniform covenants for national
use and non-uniform covenam~ with IimiteJ variahom h~ ~i~rnd~ction to constitute a uniform security instrument covering
rcal properly_ This Mortgage sh•rll be governed hv Ihe lau of the juricdiction in which the Propetty is located. 1n the
event that any provision ~r clauce of thic M~rtgace ~~r ~he N~.te c~nflicti with applicable law, such conflict shall not ~ffect
other provisions of this Mongage .~r the N~ne which c:,n be g~ven eRect wi~hoot the eonflicting provicion, and to this
end Ihe provisions of Ihe Mnrtgage and the tiute are ~Iccl~red to tx ceverable
16. Eorro~rer's Copy. Borrow•er tihall tx furn~~hed ~ rnnformed cop}' o( the N~te and of this Morigage at tht time
of execution or after rccordation hereof.
17. Traaeter of tbe Propeirtr: Acsump~ion. If all or any part of the Pmperly ar an interest Ihertin ic sold or tnnsfetred
by Borrower without Lender's pnor wnr~:n ~~~ncent. c~cluding (al the creation o( a lien or encumbrance sut-ordmatt to
thic Mortgage. Ib) the creahon of a~+urch.~er m~mr~~ eecuril~~ interest fc.r household appliances, fcl a ~rancfer hp devix.
descent or by operation of lav- upon the dcath ~f a j~~~nt tcnant or fdi ~ht grant of any leaxhold intercst o( threc years or Iess
not containing an op~ian to purchase. I ender may. a~ ( ender'~ op~ion. declere all ~he wms xcured by th-s MoNgage to be
imtnediately due and payable. ( ender ~hall h~vr .+,u.•ed cuch option to a~c~lerate if, priot lo the cale or transfer. Lender
and the person to whom the Property i. tn tx .~~l~I ~,• ~ranslerred reach agre~ment in writmg that tht credit of wch person
is satisfactory te LenJer and tha~ the intcrr.~ pay~ble on the sums secared by Ihis Mor~gage sh~ll be al such rate ac Lender
shall rcquest. If I.ender has waived ~he ~p~~~n to accelerete pmvided m shis paragraph 17, and if Borrower'~ wccasor in
interest hac ezecuted a written ascumpnon agreement accep~ed in wrinng by I.ender, Lender shall release Borrower tmm all
obligat~ons urder this Mortgage and the Note.
If Lender ezercius such opt~on 1~~ acceterrle. f.ender ~hall mait Borrower notice of accelerat~on in accordancr ~~iih
paragraph 14 hereof. Such notice chall prov,Jc a pericxi of no~ less than 30 days (rom the date the no~ice is mailed within
'~+vhich Borrower may pay Ihe sumi derlareJ due. If Borrower (ailc to pay such sums pnor to the e:pirat~on ~f cuch penc~d.
Lender may, without further nohce ~r dcmand on Korrower. invoke any remediu permrt~ed by puagraph 1 R hercof.
NON-UNIFORM COVENANTS Borrower and l.ender tunher covenant and agree u follows:
18. Acceleralae; Remcdks. E:cept as pre~Wed in p~ra`rspA 1~ hcreo~. ~po. so~.o..~r. ~~ ot .~y ~o.~~~ or
asreemest o~ Eorrower ia this MorlRaRe. includinR the covensnls fo pay when due any wms secnred Sy this MortRa~e. I.eader
prbr Io ~ccekratbn shdl mail notfce to dorrower as providcd In parssrapA 14 hereot sptcHyia~: (1) the bre~cA: 1211he sctbA
reqaired to core snch bresc1~;131 s date. not les~ Ihan 30 days (rom the dsle the notice b mailed to Eorrower. br which sucw
b~each mwt be cored: sad (1) Ihst hiluro to cure s~ch bnicl~ on or betore 1he date speciGed in the nolkc rosy result iw
•ccekration ot t6e snms secured by Ihis lllortRaRe. foncbsun A~ judicid proceedin~ and sak ot tbe Pmperry. 71~e notice
shall furthcr inform dormv.er ot the riRh~ to reinslatc afttr accdentba awd tbe riRhl to as~eA i~ tbt foreclosnre'roceedf~
Ibe non-e:isience ot a defauk or any Mher detenct of Bono~+er to ~ccekntioe and torecbwre. It the breacA is not cored o~
or beforc Ihe dale speci6ed in the noticc. l.ender at 1 end~r's aptbw m~y declare ~q of tbe sums sented by ti~b MortRaRe to be
immediately due snd psribk r-ithoW fuNher demand and ~nay (orecbse Mis Morl~.<< ey j~akw ~«Ka~~. r_~~~. chdl
bt eofitkd to coUett in such proceedi~ ~II expenus of tortclowrt. Includin=. bnl aot limited lo. rtasonabk stt.,rnevs fees.
ud eosls ot docuiaeNary evidence. sbsltsc~s and litle nports.
19. dorro~-er's Ri~hf lo Reinstatt. 'Notu'~th~tendinR 1 ender's acceleration ot ~he sums ucured by ~h~c Mongage.
Borrower shall havt tht nght to have am prcxerd~ne• ~~un b~ Lcnder t~ en(~r,c Ihi~ 11~.n~tagc d~uonhnucJ at an~ hme
E ~~r~l(349 P!~E~,`~~
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