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1 rndrr'~ writ~rn a~;rrrmcn~ o~ applirabk luw. Eiorrowe~ shall pay thc amuunt o( all mottgage inwrance ptemiums in the
mannrr pnrvidr~l und~r paragraph 2 heteot.
A~~?' ~+~~~~~~~~~• ~t~•h+~rsctl hy t en.ter pur.~iant t~- this p~r~gr~ph~ 7, w~ih inlereN Ihercon, shall t-ecame additio~al
indcMcdnr~~ ~~f li~~n~~ucr Kcurrd hy ~h„ Murt~agc. Unlc.c Horrowcr anJ I.rnJe~ agrec to othcr tcrmc ot payment, such
am~~unt~ ,hrll hr pat~ahlc iiMm n~~ti:c fmm 1 cndcr to &~~ruwrr reyuecting paymcn~ ~hercof.apd sh~l btsr interett from the
~iate ot di~burumcnt at ~hc ra~r pavahlc fmm timc to time i~n outstanding principal unde~ Ihe~NMe unltst payme~t of
interesl at such ~ate would F,e cootrarv lo applicahle law, in which event ~uch amounts shall hear inle~est at the hi6hest rate
permissi6le under apphcable law. Nuthink c~~~~aineJ ~n thi~ pa~agraph 7 chall require I.ender to incur any eapeose or take
any action hercuodcr.
8• laspection. I.ender may makc ur cau.e to he made reaconable c~tries upon and inspections of the Property, provided
that I.ender sh:~ll give &~rrower ni~~~cr pri~~r ~~~ any ~uch inspec~ian specifying rcasonabk cause thercfor rclatod to Lende~'s
interest i~ ~ho Propcny.
9. Coademnation. The prcxcedc of any award or claim for damages, dircet or consequenti~l, in co~nection with any
co~demnatian or other taking of the Properiy, or pan thercof, or for conveyance in lieu of condemnation. are hereby sssiaoed
and shall be paid to I~nder.
in ~he eveM of a ~otal hking of the Proper~y, the procecds thall be applied to the sums securcd by lfiis Mo~a~e,
with the sxccss, i( a~y, paid to Borrower. In thc eveot of a panial taking ot the Properry, unless Borrower arid Lender
othc~wise agree in writinR. therc shall be applied to the sums securcd by this Mortgage such proportion of the poocoods
as is equal to that proportic-n w•hich ~he amount ot Ihe sumc secured by this Martgage immediately priar to the date of
~aking hears to the fair market value of Ihe Pm~xr~~ immediately p~ior to the date of taking, wilh the balaoct of the proceeds
~fai(~ tn $(-fmwtf.
If the Property ic abandoned hy 8c-rrowcr, or if. afler nMice hy 1_ender to Bormwer lhat tht condemnor oBen to make
an aw~~d or ~etUe a claim for damaKr,. B~•rrc.w•er fa~l. ~~, n~pe~nd to I_ender within 30 days a(ter the date such notict is
mailed. i_enJer ic aulhoriard to collect and apply the proceed~. at 1_ender c option, either to restoration or rtpair ot the ~
Pmpcrty n~ 10 ~he .um~ ~ccurcd M• this M~rt~tage. .
Unlesc 1 ender and Borrower olherv-ice agree in wrihnc. any such application of proceeds to principal shall no! extend •
ar Fx,ctpone the du~: date ot thc monthlv installmcnts rcterred to in paragraphc 1 and 2 her+eof or changt the unount of
cu:h instailments.
10. Borrower Not Relessed. Extension of ~he ~ime for payment o~ modiBcation of amonization of the sums secured
by th~s ~IoNRage granted by I.ender to any cuccecsor in interect of Borrower chall not opente to rckase, in any manner.
the liabilit~ of the ori¢inal Borrower and Bc-rrower'c succesuxc in intercst. I.ender shal! not be rcquired to eommence
p~~ceediogc against such successor or refuse to ertenJ lime for payment or o~hervvice modify amortizat~on of the sums
cc~ured by ~hi~ Mortgage by rcason of any demand made by the original Borrower and Bor~owers successors in interect.
11. Forbeannce by [.cnder Not s Waiver. Any f~rhearance by I.ender in etercising any right or remedy hercunder, or
~therwise aHurded hy~ applicable law. shall rx~t be a waiver of or preclude Ihe ex~rcise of any such right or remedy.
The procurement nf insurance pr Ihe payment of taxes or other liens or charges by I_ender chal) not tx a waiver of LendePs
right to accelerate the maturity of the indthtedness cecurcd hy thit Morigage.
12. Remedies ('umulati~e. Ail rcmedies provided in ihis Mortgage are distinct and cumulative to any other right or
remeJy under this Mortg~ge or afforded hy law or equi~y, and may be exerciud concurrrotly, irtdependently or successively.
~ 13. Successors ami AssiRns Bonndc Jdnl and Sereral I.iability; CspNons. Tht covenants and agreemeMs herein
con~aineei shall hind, and the riRhts hercundtr shall imire to. the respective successors and assigns of Cender at~d Borrower.
subject to the provicionc of paragraph 17 hereof. All covenants and agrcements of Borrower shall be joiry and sevenl.
The captions and headingc of the paragraphc of this Mortgage are for conveniene~ only and arc not to be used to
~nterpret or de6ne the provicionc herrnt.
14. NMice. Except tor any notice required under applicabte law to be given in another manner, (a) any notice to
Borr~wer provided for m Ihis Mortga¢e chal) be given hy mailinR such notice by certifitd mail addressed to Borrower at '
~he Property AJdrest or a~ auch othcr add~es~ as Borrower mav designate by notice to (.ender as provided he~ein, and
(h) any n~tice to t_ender shall he given by certi6ed mail. re~um receipt requected. to t ender s address stated hertin or to
cuch other addresc as Lender may de~i¢natc by n~tice to Borr~wer as pro~~ded herein. Any notic~ provided tor in this
Nc.rtgage shall he deemed to havc hcen gi.•en to Bc-rr~w~er or l.endcr w•hen given in the manner designattd herein.
1S. Unitorm MortRa~e; GoverninR i.aw; Se~•erabilil~. Thic form of mongage combines uniform covenants for national
use and non-uniform covenantc with IimiteJ variationc h~ juricdiction to ennstitute a unifomt security instrument eovering
real property. This Martgage shall be governed hv the law of the jurisdiclion in which the Propetty is located. In the
event ~hat any provision or clau~e of thic Mortgage ~r the Note conflicts w~ith applicabk law, such conflict shall not affeet
other prov~sions o( th~s Mortgage or Ihe Notr which can be given efiect wilhout the conflicting provicion, and to ihis
end the provitionc o( Ihe Mortgage and the Note are ~kclared to he severable_
16. Borrower's Copy. Borrower shall bc furn~.hed a conformed copy ot the Note and of this Mortgagt at the time
of execution or alter recordation hereof.
17. Transfer et the Propertv; Accump~ion. If all or any part of the Pmperty or an interest therein is sold or tnnsferted
by Borrow~er w~thout I.ender's ptior wnlt~n ~uncent. e~cluding tal Ihe creation of a lieo or encumbrance subordinate to
th~s Mortgage. (bl ~he creahon of a purchak mn~e~• ~ecurity interesl (or household appliances. (c) a trancter hy devise,
dcscent or by operation of law upon Ihe Jcath o( a j~•~nt'~enam or (d~ ~he gnnt of any leasehold intercst of Ihree years or kss
not containmg an opliun 1o purchase. l ender may. a~ Lender ~ op~~on, declare all the sums secured by ~his Mortgagt b bt
immediately due and payable. l.ender chall ha.e w.~,ved such opt~on to arcrlrrate if, prior to the cale or transfer. Lender
and the person ~o whom ~he Proper~y i. i~~ t-c .ol.i or trans/erred reach agre~ment in writing that the credit nf wch petson .
is saticfutory to LenJer and thal 1he interr.~ payable on the sums xcured by ~his Mortgage shall be at such nte ac I_ender >
shall request. If I.ender has wai~•eJ ~he opt~on to acceleratt provided in Ihis paragraph 17, arid if Borrower> >uceeisor in ~
intertst hati executed a wntten ascump~ion agreement accepted in writing by I_ender. L^_nder shall release Borrower fr~m all
obligat~ons under this Mortgage and ~he Not~. •,
It Lender exercices such oplion t~ accelerate. I.enJer chall mail Borrow•er nolice ot acederation in aecordancc w~th
puagraph 14 hereof Such no-~ce chall prov~de a period af not (ess than 34 days from Ihe date the notice is mailed wilhin
which Borrower may pay the s~mc declarcd dut I( Borrower fails to pay such sums prior to the expiration of wch period,
Lendrr may, wilhuut further not~cc or ~kmand an Borrower. ~nvokt any remedia permit~ed by pangraph IR hercof.
NON-UNIFONI-1 COVF.NANTS Borrower and Lender (urther covenant and o~rree u tollows:
I8. Acctlerstan; Remedies. E:cept as provided is para~nph 17 hereof. upoe sorrowers brexA ot aay co•ewt or
agreement of Borro~+er in this MortRa~e. includin~ Ihe corenaets to pay wbee due any wms sccured by thls MortRaRe. i.tuder
prbr fo accelerstioe shdl mail notice to dorrower as prorlded in paratnph 1~ Aereof specHyin=: (1) the brr~cA: 121 ~Ae setfo~
required to curc such bresch; (3) a date. not les tAsn 30 dsys irom the dMe tUe notke b maikd to domower. by wAkb s~e~
b~each must be cnred: ~nd (1) ~bat failure to cure srch breacb ow or betore ~be date specified in tAe notke miy resWt iw
~ccekrstion of t6e snms secured br Ihis MortRa~e. /oreclowrr br juAkial proceedln~ snd sak of tAc Propertr. The notke
shdl tuNher inform ~orro..er of the ri~bt to nlnstalt af~cr sccckrstbn snd the riRht to asurt in Ihe foreclosrre rnoceedl~
tbe non-etistence ot a defauN or any Mher defense o/ eorro~+er fo scctlenfbn s~d torecbsore. It tbt brrscb b oot errtd o~
or before the dite specifi~d in the notice. Lender at I.ender's o'tbw may deel~re sp ot tbe sews see~red bp this MortRaRe fo be
immed'utely due snd p~y~ble withoul (urther demand ~nd msy foreclose thB Mottsa~e ~ judkW proceedlnR. I.ender chall
be eotitled to collett le such proctedin~ a0 e:penus nf toreclosnrr, Includieq. bot ~of limiltd to. reasonsAle sft~~rnrv's fees.
ifld COSCS O~ ~YIDlA1~ t~dtlKt. sbslrsc~s snd ti~le reports. .
19. aorrowePs RiRht to Reinst~te. Notw~Ih~landing 1 ender's acctleratinn of the sumc stcured by M~c Mongage.
Borrower shall have tht r~ght to have am prc.cerdme. txK~m by Lender Io en/orct Ihi- Mor~gaqe d~xoMmueJ ai any timt
.;.: ~ 350 ~~~~~ ~.08?