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I.ender'c writte~ agrCcmc~~ a~ applirable I~w. Borrawer shall pay the amount ot all mortgage in~urance premiums in the
mannrr p~uvidrd under paragraph 2 he~tof. ;.
Any amountc di.huruJ by LenJe~ pur~uaM ti~''tllis paragraph 7, with inlcnct thercon, shal) become additianal
indehtednes~ of Ho~raNCr cecurcd by ~hrc Mor~~age Unlec~ Rorrower anJ l.rnJer agrce to other tertnc ot payment, such
amountc shall he p•ryahle u~x~n n~aicr fmm 1 ender Ic~ Borrowr~ reyuecting paymrnt Ihereof, and shall bear inlerest from the
date of dicburscment at thc rrtr payahlc from time to lime on oulstandin& pri~cipal under Ihe Nate unless paymeet of
interest at such rate would 1+e cont~arv ti. applicable law, in whech event ~uch amounts chall F~ear interest at the hiahest rate
permissible under applicable law. Ni-thing comained in this pa~agraph 7 shal) requirc I.ende~ to incur any expense or take
any action hereunder. '
S. iaspecfioa, l.enJe~ may make or r~~~cc to he made rca~nable entries upon and inspertioos of the Property. provided
that I_ender shall give Borrower not~ce pri«r ta any such iospection speci(yiog rcasonabk cause therofot related to I.ender's
intcrest i~ the Pmperty.
9. Coademnation. The proceedc of any award or claim for damaga, diroel or consequential, iq oo~u~pc~t~ with any
condemnation or other taking of the Property, or paA thercof, or tor conveyance in lieu of condem~ation. are htreby sssianed
and shall be paid to l.ender.
In the event of a total taking of the Proptrty. the proceeds shall be applied to the sums securcd by this Mortaaae,
with the excesa, if any, paid to Borrower. ln the event of a panial taking ot the Property, unless Bomower and Lender
otherwise agtoe in writing. therc shall be apptied ~o ~he sums securcd by this Mongage such proportion of the proceeds
as is equal to that propohion w•hich Ihe amount ~f the sumc secored by this MortgaRe immediatety prior to the date ot
taking bears to the fair market value af Ihe Propcrtv immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is ahandoned by Borrower. c-r ii. afler notice hy t_ender to Borrowtr that Ihe condemnor oifers to maice
an awa~d or xttle a claim for dama¢ct. Bc~rrower fail. t~ rctpond to l.ender wi~hin l0 days atter the date such notice is
mailed. Lender ic authorized ta collect and apply the proceeds. at I.ender's ~ption, either to restontion or repair of the
Proper~y or to the sum~ ~ccured b~• this Mort¢age.
UnTess I_ender and Borrower otherwi~c agree in v-•rit~ng. any such application of praceeds to principa) shall not extend
cK postpone the due date of the monthlv ins~~llmcnts rcferred ta in paragraphc 1 and 2 hereof or change the amouot of
such installments.
10. doROwer Not Rele~std. Extension of the time for payment or modi6~ation of amortization of the sums securcd
by this Mortgage granted by I.ender to any cuccessor in interett of Bor-ower ~hall not operate to rckase, in any manner.
the liability of the oriqinal Borrower and Bc-rrower't successor~ in interest. I_ender shall not be requircd ta commence
proceedings against ~such successor or rcfus~ to exlenJ time tor payment or othenviu modify amortizahon of ~hr }ums
cecured by thic Mortgage hy rcason of any demand made by the ori¢inal Borrower and Borrower s successon in intercct.
I1. Forbearance by I.ender Nof ~ R-aiver. Any forhearance by l.ender in eiercising any right or remedy hereunder, or
otherwise aftorded by applicable law, shall nc~t be a waiver of or preclude the exercise~ of any such right or rcmedy.
The procurement of insurance Qr the payment of tazes or other liens or charga hy I.ender chall not tx a waiver of Lender's
right ta acceterate Ihe maturity of the indebl~dness cecorcd hy thit Mortgage.
12. Remedies Cumulati~e. All rcmedi~s provided in thic Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or atfordcd hy law or equi~y. and may be exerciud concurrently. independemly or successively.
' 13. Soccessors and A~ns Bound: ,7oint aad Sereral I.Isbaify; Capfbns. The covenants and agreements herein
contained shall bind, and the riRhts hereunder shall inure to. the respective successors and assigns of Lende~ ac-d Borrower.
subject to the provision~ of pa~agraph 17 hereof. All covenants and agrcements of Bo~ruwer shall be join- and several.
The captions and headings of the paragraphc of Ihis Mortgage are for canvenience only and ar+e not to be uud to
interprct or define the provisions hercof.
14. Notkt. Excep~ for any notice required under applicable law~ to be given in another manner. (a) any notice to
Borrower provided for in this Mortgaee shall be giveo hy mailing such notice by certifled mail addressed to Borrower at
the Property Address or at such other addresc as Bo~rower may designate by noiice to t.ender as provided herein, and
(b) any notice to Lender shall Me given by certificd mail. retum receipt rcquested. to I.ender s address stated htrein or to
such other address as Lender may deci¢na~e by ne-tice to Borrau•er as provided hercia Any notice provided for in this
Mortgage shall be deemed to havc heen given to Borrov-•e~ or l.ender when given in the manner d~signated hercin.
15. Unitorm MorlRa~e: Governin~ Iaw: Sererability. Thic torm of mortgage combines uniform covenants for national
use and non-unifotm covenan~c with IimiteJ variations h~• juncdiction to constitule a uniform security instrument covering
rcal property_ This Mongage shall t~e ~toverned hv the law~ of the jurisdiction in which the P~operty is located. In the
event that any provision or claux of thic Mortgage or the Note conflicts with applicabie law, such conflict shall not altect
o~her provisions of this Mortgage or the N~te which can be given efiec~ without the conflic~ing provicion, and to tha
end the provisions o( ~he Mortgage and the Note are Jeclared to be sevenble.
16. dorrowe~'s Copy. Borrow~er shall bc furnichcd a confortned copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Traasfer of tbe Property: Assumption. It all or any part of the Pmperty or an interest therein ic sold or tnnsferrcd
by Borrower wi~hout Lender's prior wnt~. n~onsent. excluding (al the crcation of a lien or encumbrance subordinatt to
ihis Mo~tgage. (bl the creation of a purchace mnney ucuri~y mterest for household appliances. (c) a trancfer hy devise.
descent or by operation of law upon thc Jcaih o( a j~~nt tenant ar fd~ the grant of any leasehold interest of threc ycars or kss
noi containing an option to purchase, l.ender may. a~ I_ender'~ opt~on. derl~re all the sums secured by ~his Mortgage to be
immedialely due and payable. Lender chall h~ve w:~iv~d surh option to acc~lerate if, prior to the cale or transfer. Lendet
and the person to whom the Pro~+eny i. ~~- be .o1J or transferred rcach agrcement in writing ihat the credit of ~uch person
is satisfactory to LenJer and that the in~cr~.t payable on the sums secured by this Mortgage shall be at sach rate ac l.ender
shall request. If l.ender has waived the ~p~ion to acctlerate providcd in this paragraph i7, and if Borroweri ~uccessor in
interest has executed a wntten assumpuon agreement accepted in writing by I_ender. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
It Lendtr exercises such option tc. acrelerate. I.enJe~ ~hall mail Borrower notice a( aeceleration in accordancr wi~h
paragraph 14 hercof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums declared dut. It Borrower fails to pay such sums prior to the ezpintion of ~uch period.
Lender may, without (urther notice or dcmand on Borrower. ~nvoke any remedies permitted by p~ragraph IR hercof.
NON-UNIFORM COVENANTS Borrower and Lender further covenant and agrce u follows:
ls. Accekratlon; Remcdies. Exceq as provided ip pa~np~ 17 bereof. ~ bn~owers M~eacM ot ~sy corcnawf or
a`reement ot Borrower in this MoufgaRe.lncludinR the corenants to p~y ahee dne ~ay soms sccund Ay t6is MortRs~e. Lender
prbr lo accekntbo shdl mail notice to donower as prorided Ip psra~rapf~ 1~ hereot spccltyins: (1) the brcich;/21 tt~e setbA
rcqu;red to can such breach;l3) a dste. not le~ than 30 dsys trom the dNc the notke b msikd to aorror-er, by .rhkb soc\
b*each must be cared: aad (4) that t~ilure lo eore srcA breacw ow or betore ~be date speeifiied is Ihe nolke mar res~lt i~
scceleration oi tbc sums second by Ihis Mo~a~e. toreclosure by judicial ~wceediu~ an~ sNe ot the Properry. 7Ue wolice
shall further inform sorro.-et of tbe ri~ht to reiastate attcr sccekrstbn and the ~ht M a~crf fw Ihe tonciosrre ~eeedl~
tbe non-existcnce o~ a dcfauN or sny wher detense o/ aorror.er to accekntion awd toreclosnre. It the ~escl~ is not nreA ow
or beton the date speci6ed ia lhe notice, Leeder at 1_ender's apfow ~ aeel~re s~ ot N~e s~ais set~red bp tAts Mort~aRe to se
immedialely due snd Pay~blt wilhout tuAher dem~nd ~od msr forttbst Mk Mo~a~e by jrdkW ~ocetdi~. I.ender cAap
be-totitkd to eolleei M srcb procetdie~ all tspcnses of ~o~eclost~rt. inclodin~, b~t ~ot WaNeA to. rrasonsble s~t.~~nev's fees.
and ¢ostc ot doc~n~eatary eridence. sbstrac~s aed iitk reports.
19. sonower's Ri`bt to Reinst~te. Nolwi~hct~nd~ng 1 ender's accelerat~on ot ~he sumi xcured by ~h~s Mongage.
Borrower shall have ~he ~ight ~o have any prcxe~d~nec hr~,un by Lender Io en(orct thi~ Mortgage dncont~nued at an~ Umt
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