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I.ender's writtcn agtcemcqt or applicable I~w. Borrower shall pay the amount ot all martgage insurance promiums in the
mannrr pruvidcd undcr paragraph 2 hcrcot.
Any am~~untc d~chu~scJ by I.cnJcr pur~uant t~~ this parrgraph 7, with interest therean, shall become additional
indchtednect af Burniwer cecurcd by th~~ Mur~gage. Unlecs Barrow•er ~nd I~e~ agrce to ather tertnc of payment, such
am.~untc shall hc p•ryahk u~x~n n~-lice from Lender t~~ Bc~~rowrr requeding paym~rit thcreoL and shall hear intercst fran the
dale at ciisburscment at thc ratc payahlc tmm lime to time on outstanding principal undsr the Note unless payment of
interest at such rate wauld be cant~arv ta applicable law, in which event such amaunts shall bear interest at the hi~hest nte
permissibk under applirabk law. No~hing a~ntained ~n ~hic paragraph 7 shall requirc I.ender to incur any expense or take
any actioo hercunder.
S. I~pecfion. I.e~der may m•rkc or cau~e to 1+e made reaccMabk eMties upon and inspections of the Property. provided
that I.eoder shall give Bc~rrower noacr priar ti- ~ny ~uch inspection specityina reasonabk caust theretor rdatod to Ltnde~'s
interest in the Property.
9. Co~demuafbn. The pmceedc ot any award or claim for damages, diroct ot rnnstquential, in coeoection ~vith any
condemnation or other laking of the Property, or part thercot, or for caweyance in lieu of coodem~ation. are hetebp assianed
and shall be paid to I.ender. . .
Tn the event oE a totil taking of the Propeny, the proceeds shall be applied to the sums secuted by lhis Mo~aae.
with the ezcess, if any, paid to Bonowe~. ln the event of a partial taking of the Property. unlas Borrower and i~mde~
o~herwise agtee in writing. therc shall be applied to ~he sums secur+ed by •ihis Mo:tgage such propoNion of the proceeds
as is equa) to that proporlion w•hich the am~~~nt of ~he sum~ secured by this Mortgage immediately prior to the date of
taking bcars to the tair market value of the Propcrty immediately prior to ihe date of taking, with the balatwe ot the pt+oceeds
paid to $orrowe~.
1f the Property is ahandoned by Borrciwcr. or if. after notice by I.ender to Borrower that the tondemnor offen to makt
an award or utNe a claim for damaee+. B~~rr~wer faih ~o respc~od to Lender within 30 days atter the date such notice is
mailed. i_ender ic authorized ~a collect and apply ihe proceeds, at l.ender's option. either to restoratio~_ or, repair of 1ha
Proper~y or to the sum~ accurcd M• this Monga~c. •'` ~~' ~~.
Unlesc Lender and Borrower o~h~rwice agree in wrihnF. any such application of prQ ~O.Pd~tclpa~~aU,n~ot exte~d
or pcxtpone the due da~e o( the monthly installments rcferred to in paragraphc 1 and l~h~'L~,'..Rric~l~e tiK amaunt of
such installments.
10. dorroaer Not Released. Extension of the ~ime for payment or modi6cation of amortiution of the sums socurcd
by this MoAgage gnnted by [_ender to any cuccecsor in interect of Borrower chall na opente to rekase. in any manoer.
Ihe liability of the original Borrower and Borrower'c successorc ie interest. l.ender shall not be requircd to eommenoe
proceedings against such successor or rcfuse to etitend time tor payment or othenivise modify amortization of the sums
secured hy lhis Mo~igage by rcason of any demand made by the oriqinal Borrower and Borrower s succ~ssors in interest.
11. Forbearsnce by I.ender NM s Wsive~. Any forhearance by i_ender in exercising any right or rcmedy hereunde~, or
othen~rise afiorded by applicable law, shall nc~t be a waiver ot or preclude the exercise of any such right or rcmedy.
The procurement of insurance ur the payment of taxes or other liens or charges by I.ender shall not be a waiver of Lendet's
~ right to accelerate the maturity of the indehtedreess securcd hy thic Mortgage.
12. Reinedies Cnmulafi~e. All rcmedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy unde~ this Marlgagc or afTordcd by law or equi~y, and may be exercised concurrcntly, independently or successively.
' 13. Soccesso~s and Assi~as dound; ,Joist aad Sererd i.iabiNlr; Cspdons. The cmenants and agreements hercin
contained shall bind, and the riRhts hercunder shall inure to. the rcspective successors and assigns of Lender aod Borrnwer.
subjeci to the provisions af paragraph 17 hereof. All covenants and agrcements of Borrower shall be joiry and sevenl.
The captions and headings of the paragraphc of this Mortgage arc for convenience only and are not to be used to
interprct or define the provisions hermf.
14. NWke. Except for any nc~tice rcquired under applicable law tu be given in another manner, (a) any notice to
Borrower provided tor in this Mortga¢e shall be given hy mailing such notice by certified mail addressed to Borrowtr at
the PropeAy Address or at such dhcr address as Borrower mav designate by notice to T.ender as provided hercin, and
(b) any notice to Lender shall he given hy certificd mail. return receipt rcquested. to i.enders address suted hercin or to
such other addrcss as Lender may deci¢nate by n~tice to Borrower as provided hercin. Any rwtice provided for in this
Mortgage shall be deemed to havc t+een given to Borrow•er or l.ender when given in the manner designated hercin.
1S. Upitorm Mort~a~e; Covernin~ law; Severabilit~•. Thic form o( mortgage combines uniform covenants for national
use and non-oniform covenan~c with IimiteJ variations h~~ juricdiclion to constitutt a uniform security insttument ooverin~
rcal property_ This 1Nortgage shall be gaverned hy the law of the jurisdiction in which the Property is located. In the
event ~hat any provision or clause of thic Mortgage ~r ~he Note conflicts with applicabk law, such conflict shall not affect
other provisiuns of ~his Mortgage or the Note which can be given etfect without the conflicting provicion, and to this
end the provisions ot the Mortgage and the Note are ~kclared to be severable.
16. Eorrower's Copy. Borrower zhall bc furniched a conformed copy o( the Note and of Ihis Mortgage at the time
of execiUion or after rccordation hereaf_
17. Transfer of tbe Propertv: Assumplion. If all ar any pan of the Property or an intercst therein ic sold or tnnsferred
by Borrower without Lender's prior wri~~rn consens. excluding lal the crcation of a lien or encumbronce subordinate to
this Mongage. (b) the creat~on o( a purch~cr mnney aecurity mterest tor household appliances. (e) a trancfer hy devise.
descent or by operation of law upon the Jcath rf a j~~~m tenant or (dl the grant of any leasehold interest of threc ycars or kss
not tontaining an option to purchax. Lender may. a~ l.ender'~ opaon. declare all the sums secured by this Mortgaae to be
immediately due and payable. I.ender chall have wa~ved such option to acceler~te it, prior to the cak or Iransfer. Lender
and the person to whom the Propeny ic w be :oW or transferrcd reach agrccment in writing that the~credit ~f cuch person
is satisfactory to l.enJer and that the intcr~.~ pa~able on the sums secured by this Mortgage shall be at_sucb ra~e a~ Lender
shall rcquest. If Lender has waived the op~ion to accelerate provided in this paragraph 17, and if Borrower'~ successor in
mte~est has executed a written assump~ion agretment accepted in writing by i.ender. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such opt+on t~ accelerate. l.enJe~ ch~ll mail Borrower notice of acceleration in accordanc~ with
paragrapi~ fd hereof. Such no~ice shaii provide a peri.~ of not less ihan 30 da}s fram tht date the nutece is maelt~ w!lhin
which Borrower may pay the sums declared due. It Bonower fails to pay such sums prior to Ihe expintion of such peric~d.
Lender may, wi~hout turther notice or dcmand on Horrower, invoke any remedia permitted by paragnph IR hercof.
NON-UNIFORM COVENANTS Borrower and Ltnder further covenant and asree u tollows:
18. Accekratioa; Remcdies. Eseep as Prov{ded is pa~rapb 17 bereo% rpo~ io~rowers beeac~ ot awy cove~swl or
a~recmeat of EoROwer ia this Mortgs~e. includin~ tbc coreaaMs lo psy whc~ dre ~ay soms secund by tbk Mort~a~e. I.ewaer
prbr to sccekrstbn sbdl maii notice ~o dorwwer as provlded Iw psn~rapA 11 htreo( specHriu~: (1) /Ae Aresch:121 tAe setbw
required to core socb bresch; t3) ~ datc. not less thaa 30 days /ro~n the dNc tbe aotke b m~ to eorro..er. by wAk6 s~ai
b~each mwl be cond: and (Il that (~ilure to core srcb bre~cM ow or !e(ore tbe date s*eci6ed iw tAe wotke wuy resrlf h
sccekration ot tbe snms secured by thfs MorlRaRe. to~eclosure 11y jndlcfal p~oeeadb~ aua sak ot tl~e hoPc~. 7be uotiee
shall turther intonn Sor-owtr of tbc riRM to rel~sbte afler aceekrstiow swd the ri~M1 to merl iw the tortclow~e pocee~
t6e uon-e:iste~ee ot s detauN or any other detewsc o~ Sonm-er lo aecekratiow swd toretlow~e. It the ~eacM is aot c~ee~ ow
or betore Ihe dste sOecified in the notke. Lende~ at t.endK's o~tio~ w~ decl~e a~ a/ tUe stiuK stc~ted r7' tA~s M°etR~R~ b k
immediately due snd p~ysble without ~urtber demand and msy /oreclost tbk Mai~a~e -r ~dkW ~recsediuR. I.en~Jer sAall
Se totitkd to tdket b~ wch proceedi~ sll e:penses ot forcclosrre. Iwclydia~. brt ~ot dmited to. rratow~bk m•,rney's fees.
and costt ot doe~~tttary evidence. sbstracls and titk reports. .
l9. Donower's R(~A1 to Reinstste. No~wi~h~t~ndmg 1 ender s accelerat~on of ~he sums securcd by th~s Mongage.
Borrower shal) have Ihe nght to have an~ prcxerd~ne~ hr~in b~ Lender to en(orct fh~s Mt+r~gage d~stonhnued at any t~me
oc~t Kt~,~~ PA~f~~