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t.ender's written agreeme~t or applicabte law. Bo~rower shall pay the amount ot all mortgage insurance premiums in the
manner provided unde~ paragcaQh 2 hereof.
Any amoun~s diShursed by I.e~de~ pursuant to this pa~agraph T, with i~terest lhereon, shal{ become additiona{
indcbtedness af ~iorrower securcd by thic Mor~gage. Unlea Bo~rower and [.enJer agrce to olher ty~s pf payment, such
amcN~nts shall I~e payable upon no~ice f~om 1_ender ta Bor~owrr requec~ing payment thereof, a~d sball bea~ interost trom the
date ot disbursement at the ~ate ~+avahlc tram time to time on oi~tstaoding principal under the Note unless payment of
interest at such ~ate would be contran+ to appticable law, in which event such amounts shall Rxa~ +nte~est at the highest rate
permiuibk under applicabk law. Nolhing con~~ined in Ihis paragroph 7 shall requirc i.eoder to incur any expensa or take
any action hereunder.
a. I~spectios. l.enJer may make or cause to t~e madt reasonabk entriec upon and inspectio~s of the Property. pmvided
thaf [.ender shall give Borrower nMice pri~~r lo any such inspectioo specitying rcawnabk cause thete[or relsted to Le~der's
interest in tfie Property.
9. Co~demaation. The prc~cetd~ af any award or claim for dxmaga, dircet ar consequential. in rnenxtion with any
condemnalion or other taking of the PYoperty, or pa~t thercof, or fo~ conveyance in lieu ot condemnatioo. are het~- assia~ed
and shall be paid to Lender.
in the event of a total takina of the Propehy. the procee~ ~hall be applied to ~he sums securcd by this Mortaage.
with the excess, if any, paid to Bofrowtr. in the event of a putiai tal:ing of the Property, unless Borrawer and Lender
otherwise agree in writing, therr shall be applied to the sums seru~ed by this Mortgagt such prop~rtion of the ptoateds
as is equal to that proportion w•hich thc amount of ~hc sumc secured by this MoNgage immediately prior to tht date ot
taking b~ars to the tair market value of ~he Propcr~y immediatcly prior to the date of taking, with the balance of the proceeds
paid to Borrower. '
If the Property is abandoned by Borrowcr. or if. after no~ice by I.ender to Borrower that the condemnor oRers to make
an award or settle a claim for damagcs, Be~rrower failc to recpond to l_ender wilhin 30 days after the date such notice is
mailed. Le~der is authorized Io collect and apply the proceeds. at l.ende~ s option. either to restontion or nepair of the
Propeny or to the sumti sccured by this Mor~gage.
Unlesc 1.ender and Borrower othennice agree in w•ritme_ any such application of praceeds to principal shall not extend
or pcxtpont the due date oi the monthly installmcnts rcterrcd to in paragraphc 1 and 2 hereof or change the amount of
such inslallments.
10. Borrowe~ Not Rekssed. Fxtension af the ~ime for payment or modification of amortization of the sums secuned
by this Mongage granted by I.ender to any cuccessor in interect of Borrower chall not operate to rclease. in any maontr.
the Iiabilily of the origina{ Borrowtr and Bc-rrower e successorc in intercst. l_ender shall not t~e required to eommence
proceedings against such successor or refuse t~ extend time fo~ payment or otherwiu modify amonizat~on of the ~ums
seYUred by this MoAgage by reason of any demand made by ~he ori¢inal Borrower and Borrowers s~~ccesso-s in inle-rst.
~ l l. Forbearance by I.ender NM s Wairer. Any f~rhearance by I.ender in erercising any right nr rcmedy heramder, or
otherwix aRorded by applicaMe law. shaN nc~t be a waiver of or preclude the exerciu of any such right or rcmedy.
The procurement af insurance pr the payment of taxes o~ other liens or charges by [_ende~ shall ~ot he a waiver o[ Lender's
right to accelerate the maturiry of the indebtedness sea~rcd hy ~hic Mortgage_
12. Remtdies Cnmulati~e. All rcmedies pmvided in this Mortgage arc distinct and cumulative to any olher right or
rcmeJy unde~ this Mortgage o~ af[o~ded by law or equity. :nd may-be exerciud concurrently, indcpendentfy or succ~ssively.
' 13. Snecessors and A~s Boond; .Joiat aad Several i.iaMlity; CapHons. The covenants and agreements herein
contained shall bind, and the rights hercunder shall inurc to. tF-e respective succexsors and assigns of Lender at~d Borrower.
sub{ect to the provisionc of paragrapfi 17 hercof. AH covenanls and agrcements oi Borrower shall be joiry and several.
'fl~e captions and headings of the paragnphc of this Monga~ are for co~venience only and aee not to be t~ed to
interprct or de6ne the provisions herrnf.
lA. Notiee. Except for any notice requi~ed under applicablt law to be given in another manner. (a) any notice to
Borrower pPUVided fo~ in this Mortga¢e shall be given by mailing such notice by certificd mail addressed to Borrower at
the Property Address or at such other addresc as Borrower may detignate by ootice to T.ender as provided he~ein, and
(b) any notice to Lender shall he given by certified mail. ret~~rn receipt requested. to i ender s address stated hercin or to
such other address as Lender may deci¢nate hy n~tice to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have ~+een g~ven to Borrowc~ c~r l.ender when given in the manner des+gnated hercin.
iS. Unifonn MoriR~e: Gorernin~ Iaw; Sererability. This form of mortgage combin~s uniform covenants for national
use ana non-uniiorm covenantc with IimiteJ variations hy juriuiiction to constitute a uniform securiry instrument coverina
rtal property. This Mortgage shall be governed hy she law of the jurisdiciion in which the Property is iocated. in ihe
event Ihat any Provision or clause of thic Mortgage or the Note conflicts with aQplicabk law, such conflict shall not aRect
other provisions of Ihis Mortgage or the N~te which can bc given eficct wi~hout the conflicling provicion, and to this
end the provisions of the Mortgage and thc Note arc declarcd to be severable_
16. sorrowe~'s Copy. Bor~owe~ shall be Eurni~hcd a conformed copy oE the Note and of this Mortgage at the time
of execution or a(ter recordation hereof_ -
17. Trsnsfer ot the Propertv: Assump~ion. lf all or any part of the Property or an intercst thercin is sold or tronsferred
by Borrower without Lender's prior wrincn consent. e~cluding tal the creation of a lien or encumbranc~ subordinate to
this Morigage. (b1 the creation of a purch~ce mi~nevi cecurit~• mterest for household appliaaces. (cl a trancte~ hy deviu.
descent or by operation of law upon the death of •r jc.~n~ ~cnan~ or (d- the grant of any leasehold intercst of ~hrcc ycars or kss
not containing an op~ion ta purchase, l.ender may. at l.ende~ c opuon. declare all the sums secured by this Mortgage to be
immediately due and payable. l.ender shall ha~•c w:++~ed cuch op~inn to acceleratt if, prior to the salt or transfer. Lender
and the person to whom the Properly ic a~ be .ol.l or ~rrnsferred rcach agrecment in wriling that the credil c-f cuch pet~on
is satisfactory to l.enckr and that ~he interr.t pa}•able on the sums secured by this Mortgage shalt bt at such ra~e ac Lender
shall request. {f l.ender has waivai the option to acceltra~e provided in this paragraph 17, and if Borrower'~ ~uccessor in
interest has executed a w~itten assumption agreement accepted in writing by Lender. Lender shall release Bovrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelera~e. Lender ~hall mail Borrower notice of accelera~ion in accordanc~ w~i~h
Qaragraph 14 hereof. Such noticc shall provid~ a period of no~ Icss than 30 days irom 1he date 1fie notice is mailed wirfiin
which Borrower may pay the sumx declared due. It Borrower failc ~o pay such sums prior to the eapiration of cuch period,
Lender may, wi~hout further notice or demand on Borrower. invoke any remedies permitted by p~ragraph 18 hereof.
NoN-UNtFORM CovEN~Nrs. Bor~ower and Lender turther covenant and agrct as follows:
ls. Accekrstios: Ren~edks. E:cept as provided i~ Para~rapb 17 hcreof. ~pw So~rowe+'s brcacl~ ot iay corewt or
a~reemcst of eorrower ie t6~s Mort~a~t. iscludia~ tbe co~esaMs fo p~y wAcw dne sny so~s iec~red ~' thts MorfRa~e. I.tader
prioT to sccekrstba shaN ~nail notice to doRO••er as provided fn pan~nph 14 hereot specifyfu~: (1) the bre~ch: 121 the setb~
required to cero socb brescb;l3i s dste, no1 kss thaw 30 days trom thc date the notke h asaikd to ~ocrowe~. bY ~+hkh sncl~
eresch musi 6e crred: snd (4) Ihst f~ildre 1o cure s»eb brescb ow or betore tUe dMe speei6ed iu the notke n~ay resWl h
accekratioe~ ot t6e sna~s fecared Dy this MortRa~e. forrcbwrr by jrdicial proceedia~ ~nd sde of tbe Prope~ry. The natlce
sball furtber inEorn~ dorro.rer ot IAe riRM to reinstale afler sceekMion and t6e ~,h1 to asaA iw tbt ~oreclosrre -~ocee~i
tbt uon-exastencc d a detauM or any other detense o/ eonower to ~ccekrstion swd iwetlosore• it the brrscA b not c~rea ow
or bcion the datr specified fa the notice. Lender ~t l.end~r's aptiow eu~ declaR vl o~ tbe s~.s ~c.nd b~ ~bts MortRaRe ro be
immediately due and p~y~ble ~+ithout turther demand ~nd insy torrcbse tbis Mori~a~e D~ jodkW pnoceedln~. 1•ende- chaN
be entitltd to collect iA suc6'roceedi~R slt espenses ot torecbsr~. laclodiaf. Iwt wot Ifmiled to. re~sowsek sta~rnev's Eees.
a~d cosls ot doc~~pewtary eddcace. abstrscts snd ~ilk rrports.
19. dorrower's Ri~ht to Reias~ate. Nolwilh~tand~ng I enckr's acceleration of ~he sum~ ucured by th~c Mongage.
8orrower sfiafl have ~he righ~ to have any proce~dmcc t~r~~n b~ Lender to enfo-ct Ihn Mor~gagt disconlmued a~ ~ny time
61~~xJ~ Pdl~~,c~71)~
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