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I.cnde~'~ wriuen agrcem~nt ur applirablc law. f3urruwrr ~hall pay ihr amuunt ut a11 mungage incu~anre p~emiums in the
m•rnnrr p~uvidrd undcr par~graph 2 hereo(
Any amounh dichur~r~i hy 1 rn~tcr pur~~~ant ~u this par~graph 7, w~~h uurn,~ N~erru-i, thall l+tcume addit+onal
inJ~Mcdncs~ uf Burn~v-rr ururcd hy ih~. ~1~,»~~gc 1?iilc.~ Aurn-NCr anJ I rnJrr :~Rnr tv pt~:t~tMt•~~( payment, such
ami,unt~ ~hall he pa~•aMr u~x,n nuticr fn-m 1 rnder tu Borrowrr reyur,~inR pa~'mrnt lherr~,(. anc) ~ all~hear iMerec! tmm the
Jale of di~burument at Ihe rate pavaMe tr~~m lime t~ tmie un out~tandinR principal under the Note unlecs payment of
interest at such rate would he contran a~ ;,~~i;~aht~ law. in which evcnt ~uch amuuntc ~h~N txa~ ~nterect at the highect rate
permissible under applicable law~. Nuthink c~~ntained ~n ihic par.~xraph 7~hall r~yuur I~nder to incur a~y expense o~ take
any action hercunder.
S• Inspection. I.ender m~Y mal,c rr ra~~.c h~ F,e rnaJc rca~onable enlrie. ~i~x~n and m~pectiunt of the P~operty, prov~ata
that l.ender shall give Borrc~K•cr nolirc p~i~~r ti- am wrh ~ntipcctiun ~peci(ying reasonabk caux iherefar rtlated to l.endet's
interes~ in 1he P~opeNy.
9. Condemnafion. The proceedc of any awarc! o~ claim tor damages. direc~ or ronsequential, io coonoctio~ with any
condemnation or other taking of tho Propeny, ar pah thercof, or for conveyance in iieu of condemnatioo, arc hereby usignod
and shall be paid to I.ertder.
in ~he event of a tot~l taking of the Propeny, the prcxecJs chall be applied to ~he xums sec~~rcd by tfiis Monaage,
with thc excess, if any, paid to Bormwer. In =hc evcnt of a partial taking o( thc Pro~rty, ~mlccc Rorrower and Lende~
otherwise agrce in writing, there shaR l~e applieJ to ~he cums sccurc~ hy this Mc-rtgage SucA proportion o/ !he proceeds
as is equa) to that propottion x•hich ~hc ~~m~~unt ~.f thr s~~mc ticcured by thiz M~rtgaFe immcdiately prior to the date of
taking bears to the fair market valuc of thc Pn,~r~v ~mmcd~ately pni~r ta the date of ~aking. with ~hc halance of the proceeds
paid to Borrower.
if the Property iz ahandone~! h~~ Barr~w~cr...r if ;~fter n~tire hv 1 ertder tc~ B~rmu•er that the tondemnar o(ftrs to makt
an award or selNe a cfaim tor damaLC.. R~•rr~~wcr f:ul. t~• rr.{x~nd ~c• I.cnder Mi~hin iq ~~~~ at~er the date such notice is
mailed. I_enekr i~ authoriard to c~llect and ip~h• ihe pr~ceed~. at Lender'~ option, either to rt~toration or rtpair of the
Proper~y or tc- the wm. ~ecured M• thit M~•ne:~er
Urtiesc i encter ahd 6orrower MhCrK'lll' a fCt tR u'Iltl-1R. aftl' tiUi/l ~>>i~i~ii~•ii C~: ::.~~:.v~ St; ~ i"..~ °4;3~~ ??^~ tY~r~
F 1 1 F' }%:: :: y'. .
or pastpone the due date of !he mon~hlv int~allmcros referrrd to in r:uaFraph. 1 and 2 hercof or change the amount of
cu~ installmentt.
10. Borruwer Nof Rekased. Fxtention of Ihe timc (ar paymcnt ~r m~~dification of amortezatian of the sums securcd
by this Mon~age qranted by 1 ender tn any circce~cor ~n imrre~t ut Rorrower ~hall n~t operate to rclcase, in any manner,
the liabdiry of ~he oriqinal Borrower and &.rrower'. curcc«~~r~ in imerect 1 cnder shall not he rcquired to commence
proceedings againtt such suc~essar or refuse to ertenJ timr for paymem or othen+~i~c modify amorticat~on of thr sums
crrured by thi~ Martgage hy reason of ~nf demand made M the orieinal Bi~rn~+~rr and Bi.rr~v-•~r's succescors in interect.
' 11. ForAearsnte 6y I.ender 1\of a Waiver. An} f~rhearance h}• Lender in e~erciting any right nr remedy hercimder, oT
o~henvise afiordai by applicable laar. shall ~ot be a waiver of or preclade the e~ercise of any such ~ight or remedy.
The proearement of insurance nr the payment of tatec or other tiens or chargrc hy ( ender chall nat t~e a K~aiver of ~enders
right to accelerate the matoriry of the indehtednecs cerurcd hy thic Mortgarte
12. Remedies Cumulati~e. All rcmedies proYided ~n thic MorlgaRe are diztinct and cumulative to any othe~ right or
remedy unde~ this Mortg~ge or aftorded by law or equity, anJ may be etierc~ced rnncurrently, independently or snccetsively.
~ 13. Sreeessors and Assi~us Bound; Janf and Se~eral l.iablitv; CaptMns. The cavenanls and agreements hercin
contained shall bind, and Ihe riRhts hereunder shall inure to. the recpective succeccorc and assigns of Lender sod Borrower,
subject to Ihe provisionc of paiaRraph 17 hereoL l~ll covenams and aerrementc o( Bormwer shall he joiry and several.
'llte captions and headingc of the pa~agr~phc of Ihi~ AtortRage are f<.r rnm•en~ence only and are not to be uced to
interpret or define the proviciom hertof.
14. Ndica Except for any nMice reyuired unJer applicahle law t.~ t+e given in another manner, (a) any notice ta
Borrower provided for in this Morlga¢e aha1) E-e gwen by mading ~uch noNce h~ certified mail addrecced ~o Borrower at
the Property Address ar a~ such o~hcr addre~. as B~~rr~~K~cr mav det~Knatr b}• notire t~ I ender as provided herein. and
(b) any notice to Lender shall Me given hy certifie~l ma~l. r~t~~rn rece~pt reyuec~ed. io ! end~r'c addrec~ staled herein or to
tiech olher addrcsc as I.ender ma~~ dc~ienate by n~~~i:c ~~~ B~~rmaer as ~r~~~~deJ hrre~n Any notice prcivided for in this
Mortgage shall be deemed ~o ha~•c txcn gi~rn to Bc•rm..rr ~~r I rnder Nhen g~~~en in Ihe manner de~ignattd herein.
15. Unitorm MoriRa~e; Gorernin~ Iaw; Se~erabilih. Thi. f~im ot mongage combines uniform covenanK for mtiona)
use and non-uniform covenamc with limitrd variahon~ h~ ~uncdictii.n to c~nstilute a unifnrm security instrument covering
rcal properly. Thit Mortgage thall be governed ht~ thc I:~w~ o( ih~•jun~d~cU~~~ in which the Propcrty it Ic~cated. )n the
event that any prov~sion or clauce of thic M~nbace ~~r the N~~te conflictc with applicahle law, sach conflict shall not aBect
other provisions of thic Alortgage or the N~.tr ~h~nc ~:,n he given efiect without the conflicting pmvicioo, and to this
end Ihe provisions of the Morlgage and ~he '`ote arc Jeclared to be uverable.
16. EortowFr s Copy. Borrowe~ tihall t-c furm.heJ ~ conta~med copy of ~he Note and ot thic Mortgage at the time
of execution or af~er recordation hereuf.
17- Trsusfer of the Property: Accumplion. If all ~-r am• part of the Pr~~pcny or an intertst tfierein ic sold or tnnsferred
by Borrower without l.ender's ~+nor wnte~ n«.ncent. r~iluding /al the creation ot a lien or encumbrance subordinate to
this Mortgagt. Ib) Ihe creahon of a ~urih.~.c m~me< <ecuniy ~nteres~ fc.r household appliances, /c/ a ~rantftr hy devist.
descent or by opcration of taw upon thc dca~h ~f a ~n,n~ Icnant nr (d- the grant of any leaseh~ld interesl of thrcc ycars or kss
not containing an option to purchax. l ender ma~. ~i l ender'< <~pt~c.n. de:~.~re all ~he sums uc.~red by this Mortgage to be
~mmed~ately due and payable. l cnder thall h.~~c w,~~~rd su~h op~~on tc~ :,..~Irrate if, prior to the cale or transfer. Lendet
and the person to wh~-m the Properry i. ~a hc .~~I~i ~,r tr~nsferred reach agrcrment m wnt,ng that tbe credil ~t wch percon
is satisfactor~~ to Lender and tbat ~he intcir.t pa~able un the sum~ secured by thic Mortgage shall be at such ra~e a~ Lender
shall request. lf Lender has waiveJ the opuon ~c+ accekre~e pravideJ ~n thn paragraph 17, and if Borrawer'~ wccasor in
inlerest hac executed a wnltcn ascumption agreement acceptcd in wri~~ng by Lender. i.encitr shall releax Borrower from al)
obtigations under this Mortgage and the ~lote.
!f !_ender extrcises such apU~-n t~~ ac~c(erate. I.ender ~hall mail Borrov-er not~ct o( acceleration in accordancr ~. ith
paragraph 14 hereof. Such noiice ~hall prov~dc a pen~xi of not less than 30 days"trom the date the notice is maited wi~hm
which Borrower may pay the sums declrreJ due If Borrower faits ro pay such sums pr~or to the expirahon nf iuch per~c~d.
Lendcr may, without further not+cc or dcmand on Horrower. ~nvokc any remedies perm~t~cd by paragraph I R hcrrnf.
NON-UNIFORM COVENANTS Borrower and Lender further covenant and agrte'as follows:
18. AcceleAtan; Rcmedies. E:cept as pro.ided in pars~npA 17 hrreo/. upon Eorwwers breacA of any corenant or
a~recment o/ Borrower in tbis MoitgsRe. includin~ the corenants to p~y when due any sums secured by Ihis Morl~a~c. I.ender
prbr lo accekntbn shdl m~il notke to doROwer as provided In psra~raph 14 hereot speclfYfa~: (1) fhe b~esch: !Il lhe setbn
nquired to core sncb breach; ~3) a d~te. not lest Ihan 30 da~~s ~rom Ihc date the notke Es mdkd to aorro+•er. br wbkh sucw
baach mmt ee cated; aod (1) tAat failurc to cun svch breub on or betorc Ihc dale sPeci6ed iw the nolice may resuk i~
accderstion of tbe snms secund by this Mort~s~e. fonclosure by judkial proceedi~ aed sak ot the Propcrtr. 'I~t noliee
shall further intorm dormwer of the rq~h1 to ~einstile atler accekrstion snd the riRht lo asseet in tbt toretlowte /toetedh~
t6e aon-existence d s detauh oraay other defense ot sonower to accelention and forecbsnre. !t Ibe b-eicM is not corta o~
or betore the d~te specffied ip the ratice. l.ender at I.ender's optbe ~nay declart ~0 W the sun~s see~~ed by tAis MoMRa~e to be
in~aeediately due snd psyabk without (urthe~ demand and ~nav fortclose this Mo~~e br judkial proeeedfn~. i.ender chall
be entidtd to colkel in srch proceMinR sll expenus ~~( forrclosure. (aclndin~, but nat timited to, nasonablt s~a,rnrv's fees.
and eosts of doeumentary evidence. sbstrscts and litle nports.
19. Sorn~..er's Ri~A~ to Rtinslfle. tiolw~ith~tand~n~ 1 ender's accclera~~on of the sum• ~ecured by th~s Mongage.
Borrowtr shall have the nght a~ have am ~r~xr.~fm~. Fx~nn ~>> Lcndcr t~ cn(~•r:t tAi~ ~lnrtga¢e dnconhnutd a~ ao} hmt
~~~'~~ 350 rt~«b~ 1764