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l.enckr's writtco agreement or applirabk i~w. BoROwer shall pay the amount ot all martgage insunnce premiums in the
dianoc~ pruvidcd unda~ parag~aph 2 heroof. ~
Any amaunt~ dichu~scd by I.cndcr-purcuant tu Ihis pa~ag~~ph 7, wi~h intc~est thercon, shall become additional
inJcbtcdocs~ af Bormv?•c~ cecurcd hy Ihic Martgage. Unlccs Bar~owe~ aod I.enJu aarcc to othe~ terms ot paymeot. such
amcKmtc shall hc payablc u~n n~~tice fmm I.cnder ta Ba~~awrr rcquetling paymcnl thcreof, and shall bear intercst tmm the '
. datc ot dicbursemcnt at thc ralc ~?ayahk f~om timc ta time on a~lstandiog principa) under thc Note unless pa~nnent Of
intercst at such rate would be contran? to applicabk law, in which eveot such amounts shaq l~ea~ interat at the hiahest rate
pernnissibk u~der applicabk law. Nc~thing ccuuained in this pa~aanph 7 shall require i.ender~ to ineu~ any expense or tate
any action hereunder.
S. I~apectba. i.ende~ may make or cause ta be made rcasonabk enlries upoo and inspections of the P~roperty. provided
that l.ende~ shall give Borrower nalice pri~~r 1o any such inspection spocifyina reasoaabk cause theretor related to I.ende~'s
intercst in the Propeny. • , ~
9. Coadea~uation. The proceeds of any award or claim [or damages. diroct or consequeattaj. ~in bo~mection ~vith any '
condemnatioo o~ dher taking of the Propeny, or part thercof. or tor conveyanoe in lieu of condemaatan. are here~? assi~ned ;
and shall be paid to i.ende~. . f~
in 1he event of a tolal taking of the Pwperty, the proceeds shall be applied to ~he sums securcd by this Mortaaat.
with the excess. if any, paid to Borrower. in the event af a parti:l takina of the Properiy. unless Borr~ower and La~de~
otherwise agoee in writi~g. ther+e shall be applied to ~he sums securcd by this Mongage such propo~tion of the prooeeds
as is equal to•that proponia~ vrhieh thc amount of ~he sumt securcd by this Mortgage immediately prior to the date ot
taki~g bean to Ihe fair market value of Ihe Property immediately prior to tlie date of laking, with the balance of the proceeds
paid to Borrower.
if the Propeny is abandaned by Borrawer. or if. afte~ notice by Lender to Borrower that the oo~demnor oRe~s to malt~
an award or utlle a claim for d~m~ges, Borrower failc to ~espond to Lender within 30 days atter the date such notite is
maikd. I.ender ic authorized to collect. and apply ihe p~ocecds, at I.ender's option, eithe~ to ratontioe or repair of tl~t,
Propcrry or to the sum~ sccured by this MortRage.
Unlesc l_ender and Borrower olherwice agrce in w•riting, any such applicatian of proeeeds to principal shall not eacteed
or postpone ~he due date af the monthly inslallments referred to in paragraphs 1 aed 2 he~eof or chanae the amount ot
such installments. - _
10. . Borrower Not Rekased: Exte~sion of the time for payment o~ modificatioo of amortiution of the sums secu~+ed
by this Mortgage granted by I_ender to aoy cuccessor in inte~ect of Botrower shall not operate to rekase, in any ma~ner.
the liabilily ot the original Borrower and Bc?rrower
e successon in interest. Lender shall not be requircd to commence
proceedings against such successor or refuse ta extend time for paymeot or othervvix modify amortizatioo of the :ums ~
secured by this Mortgage by rcason of any demand made by the original Borrower and Borrower's uiccessors in iMerest.
11. Rorbeannce hy i,ender Not s Wd~er. Any fort~earance by i_ender in exercising any right or temedy hereunder. or
ot~erwix afforded hy applicable law. shall ne~t be a waiver of or proclude the eaercise of any sueh right or remedy. _
The procurement of insurance~r the payment of taxa or other liens or charges by ~ender shall not be a waive~ of I.enders
right t~ accelerate the matunty of the indebtedness securrd hy this Mortgage.
12. Remedies Comulatl~e. All rcmedies provided in this Mortgage are distinct and cumulative to any othe~ risht or
rcmedy unde~ this Mongage or aBarded hy law or equity, and may be eaercixd concurreotly, independently or successively.
' 13. 3recessors and Assi~as donnd; Jdat aed 3ereral i.isb~ry; Cspdoas. The covenants and a~eements herein
conlained shall bind, and the rights hercunder shall im~rc to. the respective successors and usigns of Lender apd Borrow~er.
subject to the provisions af paragraph 17 hercof. All rnvenants and agreements of Borrower shall be jaM and several-
71~e captions and headings of the paragnphc c~f this Mongaae arc for eonvenience only and are not ta be wed to
interprct or define the provisions,herec?f_
14. No1ke. Except for any oMice rcquircd under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by cenifkd mail addrcssed to Borrawer at
i the Property Addrcss or at such ahcr address as Borrower map desigoate by no~ice to i.ender as provided herci~, and
~ (b) any notice to Lender shall he given hy cenified mail, rcturn rcceipt rcquested. to I.ender's address stated hetein or to
such other addrcss as I_ender may decienate by n~+tice to Bormwer as provided he~ein. Any notice provided for io this
Mongage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Unitonn Mort~a~e; Governiu~ i.aw; Sererability. This form of mortgage combina uniform covenants for national
use and ~on-uniform covenan~c with IimiteJ varialions hy jurisdiction to constitute a uniform security instrument eoverina
rcal propeny_ This Mortgage shail be governed by the law of the jurisdiction in which the Property is located. In the
event ~hat any provision or clause of thic Mortgagc or the Note conflicts with applicabk law. such conflict shall not aRect
other provisions of this Mortgage or the~ Note which can be given efiect without the rnoflicting provision, and to this
end the provisions of the Mortgage and the Nc~te are Jeclared to be severable.
16. domower's Copy. Borrower shall be furnichtd a confornned copy of the Note and of this MortRage at the time
of execution or after recordation hercof.
_ 1~. Tnasfer ot the Property: Assumption. If all or any part of the Propeny or an intercst thercin is sold or transferrcd +
by Borrower without Lender's pri~r wrin.n consent. excluding (al the crcation of a lien or encumbnnce wbordinatt to
this Mortgage, (bl the crcation of a purchace monevi cecurily interest for household appliances. (e) a tnoster hy devise.
descent or by operation of law upon Ihe death of a joim tenant or (d? the gront of any leasehold intercst of threc ycus or less !
not containing an option to purchase. Lender may. at Lender'c option, declare all the sums secured by this Mortgase to be
immediatdy due and payable_ Lcnder shall h~vc w•a~ved sach option to accelerate if. prior to the cak or transfer, I.ender
and the person to whom the Property ic a~ be colJ or transferred rcach agrecment in writina that the crcdit of such perwn
is satisfactory to Lender and that the in~crc.i payablc on Ihe sums secured by this Mortgage shall be at such rate ac Lender
shall request. If Lender has waivod the aption to accekrate provided in this pangnph 17. and if Borrower's succasor in
interat has eaecuted a written assump~ion agreement accepted in writing by Lender. Lender shall rekase Borrower fram all
obligations under this Mortgage and the Nota ~ '
if Lender extrcises such optioq ~o accNera~e. Len~kr shall mail Borrower notice ot atcekntion in accordancc vrith
paragraph 14 hercof. Such notice chall provide a period of not las than 30 days from the date the notice is maikd within
which Borrower may pay the sums declared due_ It Borrower fails to pay uKh sums prior to the eapinlion of cuch peric~d,
Lender may, without tunher nwice or demand t~n liorrower. invoke any remedia permiUed by paragrsph IR hereof. ,
Norr•Urv~FORM CoveN~NTS. Borrower and Lender further covenant and a~rce as follows: ;
18. Aceekrstion; Rea~edfa. Lzcep as provWed ~~ara~npb 17 I~eeeof. rpo~ io~rswers MeacM ot aq coraad K
qrcea~e~t of Sorrower ia lhls Mort~sRt. iACludi~ ~~e eo.e.a~as ~o P.y w~. a.e a.y s.ws ~rea by ~s MoreRaRe. IRw~er
prior to accekrsHoo shall mail notke to dorror.er as ~rorided iw ~ara~rapl~ 14 Uereo~ s~eeN~: (1) Nie eneac~:/21 tAe aetbw
e~eqnlrrd to crre sdcb breseh: t3) s date. wot le~s traw 30 days f~ tl~e ade tUe wotiee h waNe~ b~ruwer. ep whkl~ srai
besch mwt be crred: asd (4) tbat hil~re Io c~e arcw brescM o~ or reforc tbe date s~eel~ed ~ tDe ~otice ~way resrit M
secekratioe ot t6e mms secured by thb Mo~sRe. to~cclo~rr y' jrdkial N'oceedMi a~i tale of tAe reo/erty. 7Ue wotiee
shaM further iaform dorrower ot tbe ~M to reiasfNe af~er ~eeek~sNow s~i the ~A1 fs aMeA h!he toreclosrre l~seee~
tbe wn-e:[stence ot s detault or snr Mher detease ot eonower fe ~ceeknfio~ a~ toreeloa~e. N tl~e lre~cl~ i~ ~of ewe~ e~
or before Ihe dafe speei6ed ~ the notke. Lcwder al I.ende~'s e'tlow ~ary ~eelarc aM e1 I~t sr~ see~ h fl~b Mat~aRe t~ re
ima~edisttly dYe and psyiWt withon! irrther dem~nd and may /ortclott IUft Mo~~t ~ j~ikW ~nteedi~• I.ender ~lup
be eodtled to copecl h sreb proceedfuR dl espeases nf toreclostier. iwc~. brt ~ot Wwite~ to. teato~sele sn.NSeY's fees.
' aoa tosts ot doe~weNsry eridente. sbstrscls aad Iilk reports. _ .
19. ~onoaer's Ri~AI to Reimtate. Nawi~hstandmg I.ender s accelerat~on of the sums securcd sy ~h~s Mort~a~e.
Borrower shall have /he right ~o have an~ procecdm~s bew~n by•Lender ~a entorce thn Mongage disconunued a~ any time
BOOKJ51 PbGE ~,,6