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(.ender's wrilicn ~grcemcnt ur appl~cable law. B~~~mwrr shall pay thr am~~un~ i~t all mortgagr incuranre premiums in the
m~nn~r pruv~drd under par;~graph 2 hereo(.
Any amuanl~ dnbnr~rd hy I cn~lrr punuant tu Ihis par.~graph 7. w~ih ~nt~rc~l Ihereun, c~al) 1+trnmt additional
~nilcMcdnr+~ i~( Hurruv-rt ururrd hy th~~ \1~~r~~a~;c l'nlc.~ Borruwrr a~~l 1 rn~lrr akrrc to ~~thcr ttrmc ~~t paymenl, tuch
am~-unl~ ~hall tx pavaMc u~-n nutirr ft~~m 1 cndrr to NurmNrr rcy~K~lin~ p:n•mriH ~hrtc~~(..;~n~1 fh;Vl~ear interett f~om the
da~r ~~( dichur~emenl at the rale pavahlr fram lime ~~- nme un o~nstandinR principal under thL ~lote unlecc paymenl ot
iiliCi25* 31 3iK~1 (dl~ WI~UI/I I~C CUtllt:l~Y ~u ;ippiicablr iaw. m ah~rh even~ cuch am~~un~~ ~i~rti hear iniereti ai ii~ high~t rait
permissible under applicablc law. N~~thing c~~n~.~incd ,n ihi. paraRraph 7~hall req~u~c 1 cndc~ ~o incur any expena or take
any action hereunder.
8. Isspection. I.enJer may malc ~-r . au.r t~~ tx made rca~nahle entrie~ upon and inspcctionc of the Propeirty. provided
that l.ender xhall give Borrower na~~~r pri~~r m any ~uch mtipcct~un ~pec~fy~ng rcasonable cause thorefot related to Lender's
iMerest in the Pmperty.
9. Co~daanaKon. The pnxecdc of any •rv-•ard or claim for damages, direc~ ar consequential, in connection with any
ca~demnation or dher taking of the P~operty. or part thercot, or tar ccxi~•eyance in lieu of condemnation, ~n he~y ~~a~ea
aod shall be paid to I.ender.
fn Ihe event of a total taking of the Pmpert-. Iht proceeds ~hall be ap~+lied to ~he sums secund by fhis Mortaage.
with Ihe excess, if any, paid to Borr~wer. In the event oi a partial taking ot 1he Property, unlc~ss BarroNrer snd Lender
otherwix agree in writing. therc shall be app6ed to :he sums xcured by this Mortgage such proportion af the proceeds
as is ~qua) to that proportion which ~he amounl ~t the sumc cecured hy this Mortgagc immediately prior to the date of
taking bears to the fair market value of ~he Pro~x ~~v immedia~ely pri~~~ ~o the Jate of taking, with the balance of the proceeds
p~ id to Bor~ower.
if the Property ic ahand~ned b~~ Borrowrr. ~.r if :~t~er nnticc M 1 ender lo Borr<~wer ~hat the condemnor oflers to maite
an award or sN~le a daim tor Jama~~~, B~~rn~wrr fad. !~. n-.~x~nd t~ 1 cnder within 10 days after thc date such ~otice is
mailed. l_eoder ic authori7ed to collec~ and appl~• ihe proceedc. at I.ender'c oplion, either to rcstoraticx~ or rtpair ot the
P~operty or t~. the ~um~ ~ecured hp this 111ort~age
Unltsc l.ender and Borrower otherwice aFree in wrihnc. an}• siich appli: ~ti~n of proceeds to principal shal) not extend
or pustpone the duc date of the mon~hlv inctallmcnts referrcd to in paragrapha t and 2 hercof or change the amount of
such irtslallments.
10. Borrower Not Released. Extension ot the ~~me f~,r pavment or mc~dification of amo~tization of the sums securcd
by this Mohgage granted by l.ender to any cuccecsnr in interrtit of Borrower ~hall not operate to rckase. in any manner.
thc Iiabilily ol ~he oriqinal Borcower a~d Bc-rrawer'~ succescorc in interect. l.ender shall ~ot i~e rcquired to commence
pn~ceedings aga+nst such socc~ssor or rctuse to etitenJ time for payment or othervvi~e modity amor~izat~on of ~hr •i~ms
secured hy ~hic Mortgag~ Ay reason of any demand made b~~ the ori¢inai Borrower and Bnrrowers succes~ors in intertu.
~ 11. Forbeuance by I.ender Nof s Waire~. Any f~rhearance by T ender in rtercising anp right or remedy hereunder, or
otherwise affordeci hy applicable law, shall not t+e a waiver of or preclude the exercise of any such right or r~medy.
The proeurement of insurance or the payment o[ tarec or other liens or chargec by I.ender shall not tx a waiver of Lender s
right to accelerate the maturity of the indebtednecs cecurcd hy thic MortgaRe. ,
12. Remedies Comulstitt. /~111 rcmedies provided in this Mortgage arc distinct and cumulative to any other right or
remeJy unde~ this Mortgage or afforded hy law or eyuity. and ma}• be e~erc~ud concorrently. independently or successivtly.
~ 13. Snccessors and Assi~as Eound:.Ioint and Se~•eral I.isAility; Captbnc. The covenants and agreemenls hercin
contained shall hind, and the riRhts hercunder shall imire to. the rc~pective succeccorc and assigns of Lender ~d Borrower.
subject to Iht provisions of paragraph 17 hereof. All covenants and agreement~ of Borrower shall tx joiry and several.
'I?~e caplions and headingc of Ihe paragraphe of thic Mortgage arc fc•r convenience only and ate not tt~ be u~ed to
interprct or defint the provicionc hereof. ~
l4. Notke. Except for any no~ire req~iired unJer applicaAle la~ to be gir•en in another manner, (a) any notice to
Borrower provided tor in this Mortga¢e shall be grvrn br• mailing ~uch not~ce by certified mai) addresced to Bexrower at
~he Property Address or at such othcr addret. as R~~rmwer mav detignate by n~~~icc to I ender as provided hcrein, and
(b1 an~• notice to Lender ihal) he givcn bY cer~ifieJ ma~l. return rece~pt requecred. to 1 ender's address stated herein or to
tuch other address as 1_ender ma~• de~iqnate b~ m~tire t~. Bc.ru~wer as pr~~a~deJ hercin. Any notict provided (or in lhis
Mortgagc shall be deemed ~o ha.•e been F~.•en ~o Bc.rm..er ar Lender Nhen g~ven in ~he manner decigmted herein.
1S. Uniform Mort~a~e; Governin~ t.aw; Se~erabilih. Thn fnrm of mongage combines uniform covenants tor national
ose and non-uniform covenamc with limitr.l ~anaUons M~ur~tiJ~~tion io const~tute a uniform security instrument covering
rcal propetty. This Mortgage shall be go~erned M thc law ~,f the jurisdiction in vvhich the Propeny is located. In tht
event that any provision ar clau~e of :hi~ M~~rtbace ~~r the ?~ate conflicts wi~h applicabk law, such conflict shall not affect
other provisions of thic Mortgagt or the N~.tr Kh~ch can t+e g~~•en eHect wi~hout Ihe conflicting provi~ion, and to this
end the provisions of the Morlgage and the '~f~~te arc ~tecl~red to he ceverable.
16. Borrower's Copy. Borrower shall tx turm~ned a con(ormed cop~~ of ~he No~e and of this Mortgage at the time
of execulion or after recorda~ion hereo(_
17. Trsnsfer ot the Propertv; Acsumplion. 1( ali c.r am part of the Pn•perty or an i~terest therein ic sold or transferred
by Borrovver without [.ender's pnor writ~.•n <<incent c~cluding lal the creation of a lien or encumbnnce subordinate to
this Mortgage. (b) tht creahon of a pierch.,c~ mrnec ~ecurit~ ~nteresl for household appliances, (cl a trancfer h~• devise.
descent or by opera~ion of lav- upon the Jcath ot a j~~~m-tenant or ld~ ~he gran~ of any leasehold interest of ~hrcc ycars or kss
not containing an option to purchase. l ender may. at I ender'< <,puon. de~l.~re all ~he tumc secured hy th~s Mortgage to be
~mmed~ately due and payaMe 1 ender ~hall ha.e w,u.ed tuch opt~on to :+~cclrrate ~f, prior to the c~le or transfer. I.ender
and the person to whom the Properiv i. a~ he .~•IJ ~•r transferred reach agrerment in wnting that ~he credit ~f tuch penon
ic satishctory to 1.enJer and Ihat Ihe in~cre.t pa~able on ~he sumc ucured by this Mortgage shall be at s~kh nte a~ I.ender
shall request. If I.ender has waived tbe op~~on.t~ accelerate provided ~n ~his parag~aph Il, and i( Borrower'> >uccasor in
interest hac executed a wntten ascump~ion agreement accepted in wri~~ng by I.enJer. Lendcr shall releace Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such opt~on tn accelerate. 1_enJer ~hall mail Borrower nohce ot accderation in accordancr u~~h
paragraph 14 hereof. Such oot~ce ~hall provide a perioei oi no~ less than 30 days (rom the date the no~ice is mailed wi~hin
which Borrower may pay the sumc decl:,reJ due. I( BorroMU fails to pay soch sums prior to Ihe eapintion ~f tuch per~c~d.
Lender may. without further notice or dcmand on Barrower. invoke any remedies pcrm~t~at by paragraph IR herco(.
NON-UNIFORM COVENANTS Borrower and I.cnder tunher covenant and agree as follows:
IS. Accekntioe; Remedks. E:ceq as provided ia para~rspA 1'f hereof. apoq sorrowels b1eK6 0/ ~ny co~cnanl or
as~eemeet ot Borror-er in this MorlRaRe. includin~ Ihe corenanls to pay when due sny su~ns secured by tbis MoN~a~e, i.ender
prior to sccekrstbn shdl mail notke to dorrower as provided in para`rsph 14 hereot specltyin=: (1)tbe bre~ch: (21 the actbn
requircd to enre such brescb; (3) s d:te. no~ less thsn 30 days irom the dste the notice is mdkd to dorro~+er. br which suc~
~each must be cored: aad (4) IAat failure lo cnre snch bresch on or betore ~he date specified in the wotke miy readt i~
accekration ot t6e sun~s secured by tbis Mort~s~e. toncbsurt ey judicid proceedln~ and ssk ot tAt Propertr. 71~e notiee
shall further inform Borrower of the ~ht to reinslafe aftar accekratbn and the riRht /o asse~t ie the fotetlosurt'toeeedlK
the aon-existence o( ~ detauH or any olher detense of eonower to accckrstion and forec{ostrre. li the ~eic~ is not cured o~
or before Ihe date specified in tbe notice, l.ender at i.ender's t~plbn miy declart iD ot the sams uc»r'ed ~ this Mort~~e to bt
imtnediattly due and p~yabk w'~~hout turther demand ~nd may ioreclost this MortRa~e by jedkW proceedin~. 1-en~cr ahall
be eotiNed to collett in srch proceednqC ~n txP~nses nf toreclotore. Includin~. but aot drnited to. teasonablt stlntnrY's ftes,
and costs ot docYmeatary e~idence. abslncts snd ii~le nports.
19. Qorrower's RiRht fo Reinstata '~~~~~+'~~h~t~ndin~ I ender's accel~rat~on of ~he sume secured by ~h~s Mongage.
Borrower shall have the nghl ~o havc am pr.-~ccdinc. tx fun b~ Lender ~~ cn(~rce Ih~ti ~1~ngaqe d~sconhnucd at ~n~ ~~me
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