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l.en~r's wriucn ag~ccmcn~ or apphrablc law. Bo~~awer shall pay thr am~~unt ~~f all martgage inw~ance premiums in the
mannrr pruv~dr~l undcr par~~taph 2 hereof. •
Any am~~untc ~h~h~ucrd hy I.rndcr pur~uant ta this parag~aph 7, w~th u~~crect thcre~~n, chall hecome additiana)
~mich~cdnc~c u( Hurruw« u~ured hy ~hn N~~r~gagc U~Ic.~ Horrower and 1 rnJer •rRree to other tertr~c ot paymenl, such
amouMc ~hall be p•r}•ahlc u~~n nuiicc fr~-m I cndrr t~. Burruwrr reyue~~ing paymcnl thercuf, and chall hear ioterest from the
datc of dilbiirsemcnt at thc ratc payahlc frum timc to time on outsta~ding p-i~cipal under Ihc Nate unlcsc payment of
interest at stech rate we~u1J be co~tran• ~~~ applirable law, in which eveM cuch amoun~c ~hall hear imerest at Ihe hightst tate
permissible unde~ applicable law. N~~~hing c~-maineJ in ~hic paragraph 7 chall requirc I.ende~ to incur any expense or talce
any action hereunder.
S. laspetti~ia, I.ender may male i.- ca~~~e lo he made rracc~nahle entriec upon and inspections of the Property, provided
that I.ende~ chall give Borrower no~~rr pri~~r tu any .uch m~pec~ion specitying rcasonabk cause therotor related to Lender's
interest in the Propeny. ,
9. Cademnatioa. The pmceedc ot any award or claim for damages, dircct or consequontial, ie coe~ection with a~y
condemnalion or other taking of the Propeny, or part thercot, or for conveyance in lieu ot tondetn~a4i0n. sre hereby assianed
and shall be paid to Lender.
in the event of a total taking of the Pmpe~~y. the proceeds chall be applied to the sums securcd by this Mortaaae.
with the excess, if any, paid to Borrower_ ln thc event of a panial taking ot the Property, unleu Borrower and Lender
otherwise agroe i~ wriling, therc shall tx applied to the tums secursd by ~his Mongage such proportion of the proeeeds
as is eqoal to that proporti~n which the amoont of ~he sumc ucnrtd by this MoAgage immedialely prior to the date of
taking bears to the fair market value o( ~he Pro~riy immediately prior to the date of taking, wi~h the balance of the proceeds
plid to Borrower.
if the ~roperty ic aha~daneJ hy Borrower. or if after notice hy i.ender to Borrower that the condemnor of~en to m~ltt
an award or utlle a claim for damage,. Bo~mwer tail. tc. re+pc-nd to I.ender within 30 days after Ihe date such notiee is
mailed. I_ender ic at~thorized to collect and apply the prcueedc, at l.ender's option, either to restoration or rcpair of tlie
Property or to the sum> >ecured i~~• thic M~ngage.
Unlesc t.ender and Borrower othervvi~c agree in wri~ing. any such application of proceeds to principal shall not extend
or pcxlpono the due date o( the mon~hly inslallmcn~s rcferred to in paragraphc 1 and 2 hercof or change the amount of
such installmenis.
10. do~ower Not Rekased. Extension of the time far payment or modification of amortization ot the iums securcd
by lhis Mortgage granted by t.ender to any cuccecsor in in~erect of Borrower shall not opente to release, in any manner.
the liability of the original Borrower and Borrower'c sirccessorc in intercst. l.ender shall not be required ta commence
proceedings against such successor or rcfuse ta e~teoJ time for payment or otherwice modify amortizat~on of Ihe sums
ucured by thic Morigage by rcason of any demand made by the oriQinal Borrower and Borrower s u~ecessors in inlerctt_
11. Forbearance by I.ender Nof a Waiver. Any (orhearance by I.ender in etercising any right or remedy hercunde~, or
otherwise aRorded hy applicable law, shall ~t be a waiver ot or prectude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by [.ender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness ~ecurcd hy thic Mortgage.
12. Rtmedies Cnmulati~e. All remedies pmvided in this Mortgage arc distinct and cumulative to any olher right or
rcmeJy under this Mortgage or afforded hy law or equity, and may be exercised concurrcnlly, independently or successively.
~ 13. Sdccessors and Assi~ss Eound: Joiat and Sererd I.iabilify: Captbns. The covenants and agreem~nts hercin
conui~ed shaU bind, and the riRhts hereunder shall imire to. the respective soccecson and assigns of Lender aod Borrower.
subject to the provisionc of pa~agraph 17 hereof. All covenants and agreemenls of Borrower shall be joir~ and sevenl.
The captions and headings of the paragraphc of ~hic Mongage are for convenience only and are not to be u~ed to
interprct or defin~ the provicions herrnf.
U. NMke. Excep~ for any noticc rcquired under applicable law to be given in another mann~r, (a) any notice to
Borrower pr~ovided tor in thix Mortgaee shall be given hy mailing such notice by certified mail addressed to Borrower at
Ihe Property Address or at such o~her address as Borruwer mav dccianate by noiice to 1_ender as provided herein, and
(b) any notice to Lender shall he given hy certi6ed mad. retum receipt requested. to i.ender's address stated herein or to
such other addrcss as Lender may deci¢nate by ne-tice to Borrower as pro~ided herein. Any notice pmvided for in this
Mortgage shall be deemed to have t+een g~.•en to Borrov-er or I.ender w•hen given in the manner decignated herein.
1S. UeNor~n MortRa~e: Governin~ taw; Severability. Thit form o( mortgage combines uniform covenants for national
use and non-uniform covenant~ with IimiteJ variatione hy jur~~iclion to constiaite a uniform security instrument coverina
rcal propeny. 'I?~is Mortgage shall be govcrned hv the law of the jurisdiction in which the Property is located. In the
event ~hal any provision or clau~e of thic Mortgage or the Nate conflicts wi~h applicable law, such conflict shal) not atfeet
other prov~sions of this Mortgage or the Note v-h~ch can be grven efftcl without the conflicting provis+on, and to this
end the provisions ot ~he Mortgage and the :~.ite are Jeclared to tx severable.
16. domowe~'s Copy. Borrow•er chall bc furni.hed a ccnformed copy o( the Note and ot this Mortgage at the time
ot execution or a(~er rccorda~ion herrnf_
17. Tnasfer ot the Propertv: Ascump~ion. If all or any~part oi ~he Property or an interest therein ic sold or tnnsftrred
by Borrower wrthout I.ender's pnor vvrm~n i,~necni. e~cluding (al tht creat:on of a lien or encumbrance subordinate to
this Mortgage. (b1 the creahon of a ~urchaee m~me~• ~ecuriry mteres~ tor household appliances. (e) a trancfer hv devise,
descent or by operation of law upon the Jcath o( a j~~nt tenant or (d~ the grant of any leasehold intercst of threc ycars or kss
not containing ao option to purchase, ( ender may. at I.e~der'~ option, dec~are all ~he sums xcured by this Mortgage to be
~mmed~ately due and payable. Lcndc~ ~hall ha.c M.uvcd such opdon to acrel~rate if, prior to Ihe sale or t~ansfer. Lender
and the person ~o whom the Propenv i. i~~ t~c .oIJ or transferred reach agrerment in writing that the credit of ~uch pe~on
is satisfaclory to I.enJer and that Ihe intcrr.t payable on the sums secured by this Mortgage shall be at such nte ac Lender
shall request. If l.ender has waived the opi~on to accelerete provided ~n this paragraph 17, and if Borrower i successor in
interest has executed a written assumpiion agreement accepted in wriung by [_ender, 1_en3er shall releax Borrowe~ trom all
obligat~ons uncier this Murtgage and the No~e.
If Leoder exercises such opt~on te. accelerate. I.ender chall mail Borrower notice ot accderation in accordancr Hi~h
paragraph 14 hereof. Such not~ce chali prov~de a period ot not less than 30 days from the date Ihe notice is mailed within
which Borrower may pay Ihe sums declrred ~ue. It Bo~rower faiis ~o pay sach sums prior to the e;pintion of cuch pe:~od.
l.ende~ may, wi~hout furthcr not~ce or demand on Borrower. ~nvoke any remedia permit~ed by paragraph 1 R hereof.
NON-UNIFONM CUVENANTS Borrower and Lender turther covenant and agree u follows:
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la. Accekrstiou: Remedies. Except ac prorWed ia pa~npA 17 hereot. ~poe eo~..~r: s~w ot .ar ~o.e~~ or
a~reemeat ot Sono~+er in th[s Mort~aRe. includi~ Ihe co~enants lo p~y when due swy soa~s secured by thk Mo~fR~e. i.ender
prior lo ~ccekratbn shdl mail notice to dorroMer as provided ia para~rapb 1~ bereot specNrfee6: (1) the breicb:121/he ~etfo~ _
rcqoired to c~re soch bnach;/3- a date. not less thsn 30 dsrs from tAe date the notke b nullea to sorrower. by whkh weM
bcscb isnst be c~red: sad t4) tAat tailure lo cort sach bre~cl~ oa o* setore ~he dMe speclfied in Ihe notke msy nsWt i~
sccekntbn ot t6e soms secund Sy tAis MortRaRe. toreclosure ~ jndlcial proceedi~ ind sde ot thc Pwpe~. 71~e nolke
shall f~rtber inform dorrower ot tAe riRbt lo rcinstafe a(ler ~ccekMion snd Ihe ri~At to bstA is fbe tortclosrre ~oeeedi~
Ibt aon-ezistence of s dctiuN or any Mher defense o1 dorrower to ~ccelerstion ~na to~ec{osotr. If the ~escA is not co~ei o~
or betore the date specified ia the notice. l_ender at 1 ender's apio~ a~ay declart sq oI tbe stiss sea~red bp thfs Mort~aRe to be
ima~edi~ttly due snd parabk wilhoul turthe~ dtm~nd ~nd msy toretlost Mk Mo~a~t by jddkld ProtetdieR. I.ender shap
be eetided lo edleet M sYCb pweeedinR afl e:peoses nf forcclos~~r. fecledin~. brt wot limi~d to. reasonibk stt•~rnry's fces.
and eosts ot doctirsewtary e~idence. abstracts ind ~i1k reports.
19. dorruwe~s Ri~b1 fo Reinststt. Notwilh~~andin~ 1 ender's accelerat~on of the sumc ~ecured by th~s Mohgage.
Borrowet shall havt the nght to ha~~t am ~~M«<i,~~~ hrF~~~~ b> Lender to enf~ru thi~ M~rtRa¢e d~sconlmued at ~n} timt
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