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l.cndrr'x wnucn agn~mcqt o~ applicable law. Borrowe~ shalt pay the amount ot all mongage incu~ance prcmiums in the
manncr pruwdr~l under para~raph 2 hcrcof.
Any am~~untc, di~hurccal by I.cn.ler pur~uant Iu Ihis parag~aph 7, wilh uitcrctt the~eon, shall hecome additianal
~rrikhtcdnecc c~f Nc~tr<ouc~ ~ccurcd hy th-c 1t<ut~;~gc l:nlcc~ 8orr«ucr and (.cn~cr agrec to othrr tcrtrtc of paymenl, sach
am~,unt< <hail hc payablc uJk,n nu~icr fn.m I rndcr lo Bormwcr reyuctting paymcnt thc~oc•f: and shfll Ijcar interest from Ihe
dale ~f dicbu~sement at the ratc payahle fmm time to time on outstanding principal under the Note unltst payment of
interest at such ~ate wau1J be cont~arv ~o applicable law, in which event cuch amaunts chall hcar iMerext at the highest rate
petmissible under applicable !aN•. N~~thing c~-ntaineel in ~hic paragraph 7 chall requirc I.ender to incur any eapense or take
any actio~ hereunder.
a• ~aspectioa. 1_enJer may make ~~r cau,c to he made rcaconabk enl~iec upon and i~spections of the Proptrty, provided
that i.ender shall give Borrow~r not,ce pri~~r t~ any ~uch inspecUOn specifying rcasonabk c~use therofor relatad to Letide~s
interest in the Property.
°. Coadsmnatbn. '(~; pr.-~cccd~ of a3} ati1'~i.'S CcT ~IitiYi fOi 4ii:73ig"Si.. ~ti'~i Oi CCTf25tQtl~!!tl3~. er, connection with any
condemnation or dher taking of Ihe P~openy, or pan thercot, or fo~ conveyance in lieu of condemoation. are hercb~r usigood
and shall be paid to Le~de~,
In the event of a ~olal taking of the property, the proceMs shall be applied to the sums securcd by this Mott~age,
with the excess, if any, paid to Borrower. in the cvent of a partial taking of ~he Propetty, unless Bormwer and I.ender
oihenvise agree in writing, therc shall he applied to the sums secured by this Mongage such proportion of the prooeeds
as is equa) to that proportion w~hich the am~~un~ of the sttmt secetred by this Mortgage immedialely prior to the dtte of
taking bears to the fair market value of Ihe Property immediately prior ~o the date of ~aking, with the balance of the proceeds
paid to Bormwer.
if the PropeNy is abandoned by Borrower. ~r if. atter notice by i.ender ta Borrower that the condemnor oRers to make
an award nt ullle a claim for dam~uc~, Anrmwer tail~ !n rec~nd to l.tnder within 10 days after ihe date such notite is
mailed, I.ender i~ authorized to collect and apply ~he proceedc. at I.ender's option, either to restontion or t~epair of the
Property or lo the sum> >ecurcd bv this I1lortgage.
Untesc (.ender and BorroK~er othtrwicr agrce in writinc. any such application of procteds to pri~cipal shall not extend
or pe-stpane the due date ot the monthly installments rcferred ta in paragraph~ 1 and 2 her+eof or chaogt the amount of
such installments.
10. Eo~owe~ Not Rek~sed. Extension of the time for paymeot or me~dification of amortiution of the sums xcurcd
by this Mortgage g~anted by i.ender to any cuccecsnr in interect of Botrower ~haii noi c~p~r~ie iv tc9.::sc, in aay maaratr.
the liabili~y ot the original Borrower and Be~rrower i succescorc in interest. I_ender shall not be required to commence
proceedings against such xuccessor or refux to eitend time for payment or otherwice modify amortizat~on of thr sums
cecured hy Ihic Mortgage by rcason of any demand made by the ariqinal Borrower and 8orrower s succtsson in interest.
11. Forbeannce by I,ender Not s Waiver. Any fnrhearance by l.ender in etiercising any ~ight or remedy hertunder, or
othervvise afiorded hy applicahle law. shall not be a waiver of or prcclude ~he exercise of any such right or tcmedy.
The procurement of insu~ance Qr the payment of tax~s or other liens or charges by I_ender chall not he a waiver of Lender's
right to accele~ate the maturity of the indebtednecs cecured hy thec Mortgage.
12. Remedies Cumulat~~e. All rcmedies provided in thit Mortgage arc dislinct and cumulative to any other right or
remcdy unde~ this Mortgage or afforded hy law or equity, and may be exercised concurrcntly, i~dependen~ly or successively_
~ 13• Ssecessors and Assi~os eound; Joint and Sereral T.isbillty; CspHons. The covenants and agreements hercin
contained sha11 bind, and the riRhts hereunder shall imirc to. tF-t mpective successon and assigns of Lender at~d Borrower.
subject to the provisionc nf paraRraph 17 hereof. All covenants and agrcements of Borrower shall be jary and several.
The captions and headings of the paragraphc of this Mortgage arc for convenience only and are not to be u~ed to
interprct or define the provicions herec•f.
11. NMke. Except for any no~ice required unde~ applicable law to be given in another manner, (a) any notice to
Borrower pr+ovided for m this MortRa¢e shall be given by mailing such ootice by ce~tified mail addressed to Borrower at
~he Prooertv Address or at such wher addresa as Borr~wer mav deiignate by no~ice to /.ender as provided herein, and
(bl any notice to ~ender shall he given by certiheJ mail. retum receipt requested. to l.endtr s address statea nerein or ~o
such o~her addrcss as Lender may deci¢nate b~• n~ti:e to Bormwer as pro~ided herein. Any notice provided for in this
Mortgago shall be deemed to havc bcen g~ven to Borr~•v-er ar !_ender when given in the manner designated hercin.
1S. Unitorm Mor/Ra~e: GoverninR I.a..; Se.•erability. Thic form of mortgage combines i+niform cavenants for nstional
uu and non-uniform coven~ntc wi~h limited variationc h~~ juri~diction to constitute a unif~rm seeurity inst~ument eovering
rcal properly. This Mongage shall be governed hv the law~ of the jurisdiction in which the Property is located. In the
event Ihat any provision a~ clauce of thic Morigage ~r the Note rnnnicls wiin appiKa~iit Qaw, s~c~ ~o,-~Pi~: sha:: r.N alf~t
othtr provisions of this Mortgage or the Ne~tr wh~ch can be g~ven eflect without the confliding provicion, and to this
end the provisions of the Mortgage and the ~lo~e arc declared to be xverable.
16. Qorrowe~'s Copy. Borrow•er shall be fiirni~hed ~ conformed copy of the Note and of this Mortgage at the titne
of execution or af~er rccordation hereof.
17. Traasler of the Propertv: Assumption. If all or any pan of the Property or an intercst therein it sold or tnnsferred
by Sorrower without [_ender's prior wr~~i.n ~unxnt. excluding tal the creation of a lien or encumbrance subordinate to
this Mortgage. (bl the creation of a purch~c~ mane~~ cecurity mterest for household appliances, fei a trancter hy devise.
dtxent or by operation of iaw• upc-n the cicath of a jornt tenaM or (dl 1he gran~ of any Itauhold intercst of ~hrec ycars or kss
not cont~ining an option to purchas~. Lender ma~•. a~ I.ender'c opt~on. declare all ~he sums secured by ~his Mortgage to be
immediately due and payable. Lendtr chall h~~e w;uved such option to arcrlerate if, prior to ihe cale or transfer. Lender
and the person to whom the Proper~y i. a~ tn .ol.! or ~ransferrcd rcach agre~ment in writing that the credi~ ~~( cuch person
is satisfactory to I.enJer and tha~ the interr.i pa~able on the sums secured by this Mortgage shall be at snch ratt ac [.ender
shall request. If [_ender has waived the option to accelerate provided in this paragraph 17, and if Borrower i~uccasor in
interest has executed a wntten assump~ion agreement accepted in writing by LenJer. Lender shall release Borrower from all
obligat~ons under this Mdrtgage a~d Ihe Note.
U Lender exetcises such o~bon tn accelerate. LenJer th~ll mail Bo~rower notice of acceleration in accordancr H i~h
paragraph 14 hereof. Such no~ice ~hall prov~de a pcnod of not Icss than 30 days trom ~he date the notice is mailed wi~hin
which Borrower may pay the sumc dectared due. I( Borro~er fails to pay sueh sums prior to the expintion of cueh perie~d.
Lender may, without turther notice or dcmand on Horrower. ~nvokt any iern~dies permi~ted by paragraph 18 hercof.
NON-UNIFOIIM COVENANTS Borrower and Lender turther covenam and agret as tollows:
18. Accelersl'an; Remedia. E:cep as prorided in pua~rapA i7 Aenot. ~pon Somnwe~'s brracw o/ sar co~ewswt or
~qrecmeat ot Eorrowcr in this MortRs~e, includln~ tbe coren~nls to par wAea due sny su~as ~ecured sy Ihis MortRs~e. I.ender
prior lo accekntbn sbdl mail notice to ~oROwcr as p~orided in para~raph 14 hereol specftri~: (1) the brtich: 121 the scibs
rcquirtd to edre soch brcach; (3) s date. not less ~han 30 days tw~n ~he date the nofice b mafkd lo aorro~rer. by whkh suc~
b~exh must be cond: and (4) Ihst hilure to core srcA bre~cR ow or betorr Ibc dsle specb'iM in the notke m~Y resWt i~
acceleratioe ot Ihe soms secured by IAis MortRsRe, /orecbsure ~ judkid N~oeeedin~ ~nd sde o/ thc ProPerly. The notke
shall further intorm ~onower of thc ri~ht lo reiASfsle atlc~ accekratio~ anA the ~bt to ageN iw Ihe tareclosore ~oeeedi~
t6e aon-existence ot s dctsuN or any other detense o( dorrower 1o secekration aed torecbsotr. It tht ~eacR b not c~rtA o~
or before the dale specil~ed ia the noticc. I.ender at I.ender's uplo~ a~sr deeh~e ~M ot the son~s secrrcd by Mk Mo~tRaRe b be
ienmediately due ind Psrsblt without turlber demand and rnsy toreclost tbb MoHSa~e by jndkW proctedinR. I.enAer cAdl
be eoKtled lo colkcf in sucb proceedi~ sfl e:penses ~( (oreclosdre. lAClndin~. Snt eot UmileA to. reason~bk sn~,rncv's fets.
and costs oE docun~eatary eridence. abstrsces and ~itie nports.
19. eonowtr's R~bt to Reinsts/e. Nolwith~t~ndin~t 1 cnder's acceleralion of 1he iums secured by th~s Mongage.
Borrower shall have tht nght to have am prcxe~din~. hr~~~n b~ Lender ~o en(orce thi~ Mortgage dnrnnhnued a~ an? hme
b,~~~K 350 F~:UE 1728