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manocr p~uwdr~l undcr pa~a~raph 2 herco(.
Any amuunt~ di~hur~rd Ay LrnJcr punu~nt tc~ Ihis parrgraph 7, w~lh ~n~rrcct the~eon, shall beu~me additional
ind~Mednr~c•uf Burruwer ~rcurcd by ~hic Mur~gage Unlt~~ B~~rrower and LrnJer agrce to othe~ te-ms ~~f payment, such
amountc chall tn payaMr u~x.n nu~icr fmm 1~nde~ 1~~ &~rruw~~ rey~xcting p•rymenl Ihercuf, and shal) bear`fMeresl trom the
da~e of di~hurscment at ~hc ra~e payahtc f~om lime to t~me on outstanding principal unde~ the Nate unlesc paymept of
iMeres~ at such rate would l+e coMrarv to applicable law, in whirh even~ ~uch amounts shall hear intercst at the hiahest tate
permiuiblc unde~ applicablc law. No~hing a•nlaincd ~n ~hic paragraph 'l shall requirc I.endcr to incur a~y expe~se o~ take
any action hercunder.
a• Iaspection. I.enckr may make or.~a~~u to he made rcauu~able emriet u~xx~ and inspections of the Piroperty. provided
that l.e~de~ shall give &~~rower n~~~.r priur ~o any iuch inspectian specitying rcasonabk caux therefor rtlated to I.eoder's
interesl in 1he Property.
9. Co~demnation. The proceedc of any award or claim (or damages, diroet or cansequential, in connection with any
condemnation or dher taki~g of the Property, or paM thercof, or for co~veyance in lieu of condemnatioo, are hereby wi~ned
and shall be paid Io Lender.
ln Ihe event of a to1i1 taking of the Propeny. the proceeds shall be applied to the sums securcd by this Mortaa~e,
with the excess, it any, paid to Borr~we~. ln the eveo~ of a partial takinR of the PropeMy, unless Bo-mwer and I.ender
otherwise agroe in wriling, therc shall !~e applied to Ihe sums sea~red by this Mongage such proponion ot the pror.eeds
as i; equal to that p~aportion v-•hich the amount c-f the tumc secured by this Morigage immediately prior to the datt ot
Iaking txan to Ihe fair market valix o( the Propcr~~ ~mmediately priar to the date o/ ~aking, with the balance of the procceds
paid to Borrower. ~
lf the Propeny is aMandoned hv Bc.rr~w~cr. ~r if after natice hy l.ender to Bc+rmwer that the condemnor oRers to mate
an award or settle a claim for dam:,gc~. B.~rn.w•er fail. to rcc~nd to I.ender within i0 days after tht da~e such notice is
mailtd. Le~der i~ authorizrd ~o collect and ~pply the proceeds. at 1_ender i option, either to rcstoratiuo or ~tpair ot tf~e
Property or t~ the ium, cccured hr thic Mc-r~g~gt.
Unlesc I.ender and Borrower othervv~ce agree in v-rit~ng, any such application af proceeds to principal shatl not extrnd
or pcxtpone the due date ~f the monthlv installmcnts ~c(erred to in paragrapht 1 and 2 hercof or chan~e the amount of
such installments.
10. Qorrower Not Rekised. Extension of Ihe ~ime for payment or modification of amonization ot the sums socurcd
by this Mortgage gnnted by l.ender ta aoy ~uccetsor in interect of Borrower chall not opente to rckase, in any manner.
the liability ot the orisinal Borrower and Bc~rrower'c succesu~rc in interest 1_ender shall not be required to comrt-ence
prc~ceedingt against such successc~r or rctux to ettenJ time (or payme~t or o~hervvice modify amonizahon o( the sums
ucured by thic Mortgage hy rcason ot any demand made by the orieinal Bonower and Barrower's successors in interest.
11. Forbeannce by i.endrr NM a Wdver. Any fort+earance by l.ender in exer~iting any righl or remedy hercunder, or
otherwix afiorekd by applicahk law. shall nM be a waiver of or preclude the exercise of any such right or rcmedy.
The procurement of insurance pr the payment of lax~s or other liens or charges by I.ender shall not be a waiver ot Lender's
right to accelerate the maturity of the indehtedness ~ecurcd hy this Mortgage.
12. Remedies Cnmulsfhe. All rcmedies provided in this Mortgage arc distinct and cumulative to any other riaht or
rcmeJy under this Mortgage ar afforded hy law or equi~y. and may be exerciud concurrcntly. independentiy or successively.
' 13. Srtce:sors sed Assi~ss dound; Joint aad Severd t.iaDiliry; Csptbns. The covenants and agreemeats hercin
conuined sball bind, and the riRhts hercunder shall inure to. the rcspective successc+n and assigns of Lende~ aod Borrower.
subject to the provisionc of pa~agraph 17 hereof. All covenaots and agrcements of Borrower shall be joiry and sevenl.
The captions and headings of tht paraeraphc of this Mor~gage arr for convenience only and are not to be uxd to
intcrpret or define the provicians hereof.
14. NMice. Excep~ for any no!icc required under applicable law to be given in another manner. (al any notice to
Bo~rower pr~ovided fqr m thii Mortgaee chall be given hy mailing such notice by certi8ed mail addressed lo Borrower at
the Property Address or at aoch othcr addresc as Borr~wer mav designate by notice to 1 enckr as provided hetein, aod
(1~) any notice to Lender shall he given h~• certi6eJ mail. return rece~pt requested. ~o I ender s address s~ated herein or to
cuch othtr address as I.ender may deciqnate hy n~tict t~• Borrower as pro~ided hercin. llny notice provided for in this
Mor~gage shall be deemed to ha.~c l+een g~vcn to Borrower or Lender when giveo in Ihe manntr designated hercin.
1S. Uaitorn~ MortRa~e; GoverninR law: Sevenbilily. Thic (arm o( mongage combines ~~niform covenants for national
ust.and non-uneform covenan~c with limited variations M• jur~ul~clion to const6tute a uniform stcurity instrument coverin6
rcal propeny. This Mongage shall tx Roverned hv thc lavr of the jurisdiction in which the Proptrty is located. 1n the
event that any provision or clauce of Ihic Mortgage c-r the i~ote conflicts w•ith applicable law, such conflic~ shall not aQeet
other provisions of this Mortgage or the Nntr wh~ch can be g~ven effect wi~hout the conflicting provicion, and to this
end ~he provisions of the Mortgage and she 'Vc~te are ~kclared to he severablt.
16. dorrower's Copy. Borrower ch~ll bc furniched a con(ormed copy of the Note and of Ihis Mortgaae at the time
of execution or af~er recardation hereof.
17. Traasfer of tbe Propertv: Assumplion. If al{ or any part of the Property or an intercst therein ic sold or tnnsferred
by Borrower without t~nder's pnor wn~~:n ~oncem. rticluding lal tht creation of a lien or encumbrance subordinate to
this Mortgage. (bl tht crtahe+n of a rurch~~c mrne~• cecurily ~nterest for household appliances. (e) a ~rontfer hy devise.
_ descent or by operation of IaN upon thc Jeath ~f a j~~~~~ tenant or (dl tht grant ot ~ny leasehold intercst of ~hrcc ycars or kts
not containing an option to purchase. I ender ma~. at 1 ender'c opt~on, declere all ~he sums securtd hy this Mortgage to be
~mmediately due and payable. Lrnder ihall ha.e v-,~~ved such op~~on ~o arcrlerate if, prior to ~he ~ale or transfer. ~ender
and Ihe person to whom the Pro~xn,r• i. t~~ be .c•W or trans(erred reach egre~ment in w~iting that the credit of auch person
is satisfactory lo [.enJer and Iha~ tht inlrrc.~ pa~able on Iht sums stcured by Ihis Mortgagt shall be at soch rate ac Lender
shall request. If t.ender has waived the op~~~~n to accelerate provided in this paragroph 17, and if Borrower i auccasor in
intertst has executed a wntten assump~~on agreement accep~ed in writing by I.ender. Lender shall release Borrower frc+m all
obligations under ~his Mortgage and thc Notc.
It I_ender exercius such opt~on t~• acrcteraie. I.ender ~hall maif Borrow•er notice ot acceleration in accordancr Mi~h
paragraph 14 hereof. Such notice chall prov~de a pe~iod o( no~ Itss than 30 days from tht date 1he notice is mailed within
which Borrower may pay the sumc derlared due. I( Borrower fails ~o pay such sums prior to the expiration of wch per~c~d.
Lender may, without furthcr not~ce ~r demand on Burrower. ~nvoke any remedia permitted by pangroph IR hercof.
NON-UNIFORlN COVENANTS Borrower and l_ender turther covenant and a6ret u follows:
18. Accekrstbn: Remedia. Excep as provfdcd ia psn~raph 17 bereof. apoe ~rowers bRac~ ot awy co~e~l or
a~reemeat of eorro~+er ja this Mort~sRe, includinR tbe corcaswts lo p~y whew dnc s~y snms ~ecurcd bry th{s MoM~a~e. I.e~er
prbr lo ~ccelerstbn sbdl m~fl notice ~o dorrower as provfded la psra~tsph 14 Aerto[ specNyl~: (1) the bn~cb:/21 IAe aclbw
rcq~lred to cote soch Mrach; (3) s d~te. aot kss than 30 days /rom tbe dMe tbe nolke b maikd fo domer.er, by ~+hkb sdcl~
b~each mwt be cn~cd: aad (1) tAat tdluro !o crre stich bnacb ou or Setorc the dNc sOeciRed f~ ~he wotke m~y resalt iw
accekration ot t6e wa~s secund by tAts Mort~aRe. loaclosun ~ judkial ~oeeedfa= asd sak ot ~be rroPertr. 71~c wolkt
sha11/orther intonn eorrower ot the riRh~ to niestNe dter ~ccekntiw~ ~wA tl~e -iRhl to a~eA is the fortclosr~e ~oeeedii~
tbe aon-e:iMence o( a defauN or ~ny otAe~ defcnse ot dorrowet to ~ccekrstbw sn~ ~oreclos~re. It tAe ~t~cA b sot c~te> a~
or before the dale specified ia tbe wotice. l.ender at I.ende~'s apbw ~ dec~s~e aq d the sr~ secsred by Mb MortR~lt~ ~~
immediately due and psyibk witAou/ turther dem5nd and mar foretlost tl~k Mo~~e ~ j~dkial ~ote~tAh~R. f.ender sAaN
be eotitled to cdltet Iw stic~ ProceedieR ~fl e:Penses ot torecbsore. lacludin~. Mit sot Ifa~iled to. reasonaele ~n„rner's fees.
and co~s ot doeYiaeut~ry evideece. absirscts ~nd ti~k nports.
19. dorrower's RI`bt to ReinstNe. Nolwith~Irnd~n~, I ender's accelerat~on o/ the surn~ secured by th~t Mon~a`e.
Borrower shall have Ihe ngh~ to have am prcxc~d~n¢c hrF~~n b~ Ltnder to enfo/ct Ihn Mc-r~gagc dnconUnueJ at ~n~ t~me
: ~'~K 3~8 ~~~f 17
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