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I.ende~'t written agrcemeot or applicable low. Borrowe~ shall pay the am~x~nt of all mortgage insu~ance prcmiums in the
mannrr pruvidcil under paragraph 2 hercot.
Any amuun~~ di~hu~ud by Len~ier punuant ~o Ihis paragraph 7, w~~h ~nierect Ihercon, shal) becomt additiana)
in~kbtcdncxc iif liu~mwc~ sccured by Ihi~ MonRagc. U~le~ti Borrowc~ anJ I.rnJer agrce to othcr lerms ot paymcot, such
amountc chall he payabk u~n notice fmm 1 rnder ta &~rrowrr requecting payment Ihereaf: and ahali Be~r' interest trom the
datc o( di~hursemenl at the ~atc payahlc tmm time to ~ime cx~ autstanding principa) unde~ Ihe Notc unlesc payment ot
interest at such ~ate would be contrarv to applicable law, in which event such amountc chall hcar interest at the hiahest nte
permissiblc unde~ applicablc law. N~-thing c~~ntaineJ in this paragraph 7 xhall rtquirc I.ende~ to incut any espense or take
any actio~ henunder.
S. laspectioa. 1_ender may make ~~~ rau,c to he made rtaconabk enlriec u{wn and inspections of the Propetty. provided
that I.ender shall give Barr~wer nohre pri~~r to any ~uch inspection specifying reasonabk cause thetefor rclaled to I.eoder's
interest in Ihe Praperty.
9. Cowdemaafbn. The proceeds of any award or claim tor damaga, dirccl o~ consequeMial, in.conneetioe ~vith anY
condemnation or other taking of the Property, or pan thercof, or for conveyance in lieu of condemnation. are hereby assiaeed
and shall be paid to Lende~.
in Ihe event of a total taking of the Properly. the proceeds chall be applied to the sums secured by fhis Mottaaae.
with the eacess, if any, paid to Bo~rowe~. Io the event af a partial taking of the Propevty, unless Bomower and L.ender
o~henvise agree in writing. therc shall be applied to the sums secured by this Mongage such proportion of the pt~oceeds
as is equal to that proportian w•hich ~hc amaunt of thc sums secured by this Mortgage immediattly prior to the date of
taking bears to the fair market value of the Property immediatsly prior ta the date of taking, with the balance of the proceeds
paici tc~ Bc~r~ower. •
If the Property is abandoned by Borrower. c-r i(. a(ter notice hy l.ender to Bomower that the condemnor olkrs to make
an award or Settle a claim for damage+. R~~rr~we~ tail. ~o rec~nd to l.ender within ~0 days after the date such notice is
mailed. Lender ic aulhorizrd ta collect and apply ~he proceeds. at I_ender's option, eithet to re.ttontion or ~spair of the
Prapeny or to the sum~ sccurcd h~• this Morlgage.
Unlesc l.ender and Borrower othenivice agree in w•riting. any such application of proceeds to principal shatl not extend
or pcxtpone the due date ot the mon~hly ins~~llments referrcd to in paragraphc 1 and 2 heteof or change the amouot of
such installments.
10. dorrower Not Rekised. Extension of the time (or payment or madification of amortization of the sums socurcd
by this Mortgage gnnted by I.ender to aoy cuccecwr in interect of Borrower chall not operate to rekau, in any maoner.
the liabiiity of the original Borrower and Bc-rrower'c si~ccessc*rs in interest. 1_ender shall not be required to eommence
proceedings against sueh succ~ssor or re[use to e~tend time for payment or othervviu mottify amortization of the sums
secured by this Mortgage by rcason of any demand made by the oriRinal Borrower and Borrower s successors in imerect.
11. Forbearance by I.ender Not a Wdver. Aoy forhearance by l.ender in exercising any right or remedy hercunder, or
otherwix afforded by applicahle law, shall not be a waiver of or preclude ~he exercise of any such right or remedy.
The procarement of insurance pr the payment ~f Iazes or other liens or charges by I.ender shal) not be a waiver of Ltndet's
right to accelerate the maturity of th~ indehtedness cecorcd hy thic Mortgage.
12. Remedies Cnmulati~e. All rcmedies provided in this Mortgage arc dis~inc~ and cumulative to any whe~ right or
rcmedy unde~ this Mortg~ge or afforded by law ar equity, and may be eaerciud concurrcntly, independently or suceessively_
' 13. Saccessors and Assi~ns Bound:.7oint aad Sevetil f.iabiHry: Captbns. The covenants and agreements hercin
contained shall bind, and the riRhts hercunde~ shall inure to. the ~pective succeswrs and assigns of Cender at~d Borrower.
subject to the provisionc ot paraRraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphc of thic Mohgage are for convenience only and are not to be ined to
interprci or deBne the provisionc hereof.
l4. No1ke. Except for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower provided tor in this Mortgaee shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such dhcr addresc as Borrowe~ mav designate by notice to -.ender as provided herein. and
(bl any notice to Lender shall he given by certificd mail. re~um receipt reque~ted. to I ender s address stated hercin or to
such other address as Lender may d~cienate by ne-tice to Borrower as providcd herein. Any notice provided for in this
Mortgage shall be deemed to have Ixen given to Borrower or Lender when grven in the manner desigmted herein.
1S. Unitonn MoA~a~e; Governin~ Law; Severability. This form of mortgage combina isniform covenants for natwnal
use and non-uniform covenantc with IimiteJ variations h}~ joricdiction to constitute a uniform security instrument ooverina
rcal property. This Mortgage shall be governed hv the law• of the jurisdiction in which the Property is located. In tht
event that any provision or claux of thi~ Mortgage ~•r ihe Note conflicts with applicabk law, such conflict shal) not atfect
other provisions of this Mortgage or the N~te which can be given eBect without the conflic~ing provicion, and to this
end the provisions of ~he Mortgage and the Note are Jcclared ~a he severable.
16. dorrower's Copy. Borrower shall be Runished a contormed copy of the Note aod of this Mortgage a! the time
of execution or after recordation hereof.
17. Transter of the Propertv: A:cumplion. If all or any pan of the Pmperty or an intertst thtrein ic sold or transfened
by Borrower without i_ender's prior wrin.n ~unsent. e!ccluding (aT the crcation of a lien or encumbrance subordinate to
this Mortgagt, /bl the creat~on of a purchacr m~•nev ~ecurity mtertsl for houxhold appliances. (c) a trans(er hv devise.
descent or by operation of law upon thc Jca~h o( a j~nnt tenant or (dl the grant of any leasehold interest of ~hree years or kss
not containing an option to purchase. [.ender may. at l_ender'~ option, declare all ~ht sums secured by Ihis Mortgage to bt
immediately d~x and payable. l.ender ~hall ha~~e w.uved such option ~o accelerate i(, prior to the cale or Iransfer. Lender
and the person to whom the Property i~ ~u bc colJ or ~rans(errcd reach agre~ment in writin~ thal the credit of cuch pe~on
is satisfactory to Lender and that the interr.~ payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall requesi_ if I_ender has waived the opt~on to accelerate provided in ~his paragraph 17, and if Borrower'a ~uccessor in
interest has executed a written assumption agreemem accepted in wri~ing by Le~der, Lender shall releax Borrower from all
obligations under Ihis Mortgage and the Note.
If Lender exercises such opt~on ~c~ ac~elerate. 1_enJer chall mail Borrower notice of acceleration in accordanc~ ~ith
paragrapb Id hertof. Such notice shall prov~de a period o! not less Ihzn 30 days [rom the date the notice is mailed within
which Borrower may pay the sums declared due. I( Borrower fails to pay such sums prior to the expiration of auch peric~d.
Lendcr may, without (urther notice ~r dcmand an liarrower, invoke any remediu permitled by paragraph 18 hercof.
NoN-UN~FORM CoveNeNTS. Borrower and Lender funher covenant and a~ree u follows:
18. Accekrstan; Remedies. E:ceq as Provided ia Para~nph 17 henot. rpos ~roner's breacM o/ aay corewt or
~f!lltllO~ O~ ~OROMtf IA /I11S MM1~~t. includi~ the covcnsnls to pay wbea dne ~wy wa~s secured bp tMis MorlRs~e. I.eader
prior to ~ccekratbn shdl mail notice to dorro~.er as ProvWed ta para~rapb 1~ hereo~ specftrit~: (1) tl~e brescA: (21 tAe actio~
required to cnre soch br'csch; (3) s date. not less ~han 30 dsys from Ihe dsle the notice h mailed to Eorro~-er. by whkh seeA
b~cacb must be cond: sed (~l Ihst failurr to crre srch brescl~ oe or Sefore the dsle spccf6ed iw the aotke n~ay ~+esdt i~
accekrstion ot t6e sums secund by Ih~s MortRaRe. fo~ecbwre br jndkfal proceedi~ ~ad sak ot tAe rroperry. 7be wotke
shail turther iatonn dorrowcr of tbe ri~M to reiastste sfter ~ccekrstb~ snd tAe ri~1~1 b asrcrt i~ t6e toreclosrre ~roceedl~
t6t aon-exisience d ~ dtfauN or anr other detcnse o1 dono~+er to accekntion aad tortclosrrt• It tbe 6re~cM b wof c~r~A a~
or betore the dste specified ia t6e notke, Lender at I.ender's optbw n~ay declm aM d tbe w~es secrnd bp tl~is M°rt~a~e t° be
imn~tdisttly due and psysbk ~-ilhou/ turther demand ~nd msy fonelost th4 Mo~~e 1J' jrdkW p~+ottedh~R. I.ender sAall
be eotitkd to colleet ia such proceed~eR in exP~nses of toreclosnrr. tacludin~. bot ~ot Ymite, to. reasonsAk ata,rnevs fees.
•Ild tp6Lf O~ dOtY1wC111~l~Idtlltt. sbstruts and ~i~k reports.
19. domnr-ePs R~ht to ReiastNe. Notwilh~t~nding I encler s accelerati~n o/ the sume secured by ~h~s Mortgaae.
Borrower shall havt tht tight to have am prcke~dine~ hrf!~n b~ Lender to en(orct Ih~s Mortgage d~scontinutJ a~ an~ lime
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