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l.cnde~'s w~itten agreemen~ or appiirable law. Borrower shall pay the unount ot all mortgage insurance premiums in the
manner pnwidrd unde~ paragraph 2 hercot.
Any amaun~c di~hurscd by LenJer purcuaM t~~ this paragraph 7, with interest thercoo, shall become additional
inJebtednesc of Hor~ower ucurcd by ~hic Mor~g•rge. Unlns Borrower and te~r ~groe.tp other Iern-s of payment. such
amountx shall 6c payahk upc~n ni~tice t~om Lcndcr to Borrowrr rcquccting paymcnt thcreot, and shall bear i~tercst fmm the
Jate of dicbursement at thc rate E+ayahk fram timc to ~ime on oulstanding principal ueder the Note unleu Paymene of
intercst at such nte would i+e contnnr ~o applicabk law, in which event such amaunts shall bear interat at the hiahest rate
permissibk u~dt~ applicabk law. Nothing a~Mained in this pa~ag~aph 7 shall ~quirc t.ender to incur any expense or take
any action hercunder. ~
S. Iws~eclio~. I.ender may mal~c or rausc to he made reasonabk enlries upon a~d inspections of the Property. provided
thal l.ender shall give Bor~ower ncuice p~i~~r to any such i~spection specifyina reaso~abk cause therefor rclated to I~ender's
interest in the Property.
9. Cowdemaatbn. TtK prcueeds of a~y award or claim for damages, dircet or consequentid. in connation rvith any
condemnatioo or othe~ taking of the Propeny, o~ pan thercof, or for conveys~a in lieu of condemnation, an he~eby aui~ned
and shall be paid to I.eoder. '
in the event of a tdil taking of the Propeny. the prceeeds shall be applied to the sums secured by this Mat~a~
with the excess, if any, paid to Borrowe~. ln the cvent of a partial taking of the Property, unlas Borrower and La~der
aherwise sgroe in writing, therc shall be applied to the sums secured by this Mortgage stich proportion of the pmoeeds
u is equal to that proporiioo w•hich the amount ~f 1he sums secured by this Mortgage immediately prior to the date ot
taking bean to the fair market value of ~he Propeny immediately prior to the date of uking, with the balance of the pr~oceeds
paid to Borrovrer.
if the Property is ahandoned hy Bc-rrower. or it. after notice by l.ender to BoROwer that the condemnor oRen to maite
an awa~d or uttle a claim tor damaqet. B~rrowe~ fail~ to respc~nd ta Lendcr within i0" days after the date such notice is
mailed. I.ender ic authorized to collect and apply the pracecds. at 1_ender's option, tither to rtstoration or repair ot thE
Property or to the sums cccu~cd h~• ~his MortRa!¢e.
Unless Leoder and Bor~ow•er o~herwice agree in writinF. aoy such application of procteds to principal shall not extend
or postpone the due date oF the manthly installments rcferrcd to in paragraphs 1 and 2 hereof or chanst the amount of
such installments.
10. Sorrowrer Not Rekised. Extensio~ of the lime for payment or moditication of amortiution of the sums secu~+ed
by this Mortgaae gnnted by I.ender to any cuccessor in interest of Borrower shall nc~t operate to rckase, in any manner.
the liabi~yr of the origioal Borrower and Bc-rrower s successors io intercst. Lender shall not be rcquircd to commence
pr tags against such suocessor or refuse ta ectend time for payment or otherwise modify amortization of the sums
rcd by thix Mortgage by reuon of any demand made by the oriqinal Borrower and Borrower'a successon in intercst.
11. Fo~Aeannce by Leader Not a R-siver. Any fort+earancc by l_ender in exercising any right or rcmedy herctmder, or
othervvise atforded by applicabk law, shall not be a-waiver of or proclude the eaercisc of any such right or remedy.
The procurement of insurance pr the payment of taYa or olher liens or charga by Lender shall not be a waiver of i.e~der'i
right to accelerate the maturiry of the indebtedness cecur+ed hy this Mongage- ~
12. Remedies Cuw~alsli~e. All rcmedies provided in this Mo~tgage arc distinct and cumulative to any other riaht or
rcmedy unde~ this Mortgage or atiorded hy law or equily, and may be ezercised concurrr~tly, independently or successively.
' 13. Srccesso~s aad As~~s dound:.Jdwt a~d Se~ed i.Lbility; CapBons. The covenants and aareements hercin
containtd shall bind, and the riRhts hercunder shall inurc to. the rcspoctive successors and assigns of Lender and Borrower.
subject to the provisionc of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry a~d sevenl.
The captions and headings of the paragraphc of Ihis Mortgage arc for convenience only and arc not to be used to
interpret or define the provicans herec+f.
14. No1ic~. Except for any nc+tice rcquircd under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortgage sbatl be given by mailing such notice by certified mail addresxd to Borrawer it
the P~operty Address or at such other addresc as Borrower mav designate by noiice to I.ender as provided htrein, and
(b) any notice to Lender :hall he given by cenified mail. retum receipt rcquested. to [.ender s address stated hercin or to
such other addrcss as Lender may decignate by n~tice to Bormwer as provided herein. Any notice~ provided for in this
Mortgage shall be deemed to have been gwen to Bc-rrovver or Lender wheR given in the manner Jesignated herein.
1S. U~tora~ Mort~s~e: Co~erninR [.aw: Sevcrsbility. This (orm ot mortgage combines uniform covensnts for national '
use and non-uniform covenantc with limited variaiicx~s h~~ jurisdiction to constiuite a uniform securiry instrument ooverint
rcal property. This Mortgage shall be Roverned hy the law of the jurisdiction in which the Property is located. Ie tht
evtnt that any provisioo or claux of thic Mortgage ~r the Note conflicts wi~h applicabk law, such conAict shall not zRect
other pr~visions of ~his Mortgage or ~he Note which can be given effect wi~hout the conflictins provicion. and to this
end the provisions of ~he Mortgage and the NcHC arc Jeclared to !x severable.
16. dorrower's CoPy. Barrower shall be farniched a coo(ormed copy of the Note and of this Mongaae at the time
of execution or after recordation hereof.
17. Tnaster of t4e Propertp; Assumption. If all or any part ot the Property or an interest thercin is sold or tnnsferred
by Borrower without Lender's prior writirn consent_ excluding (al Ihe crcation of a lien or encumbnnce subordinate to
this Mortgage. (b) the creal~on of a purchace moncy cecurity interes~ for household appliances, (c) a transfer hv devae,
descent or by operation of law upon the Jea~h of a joint tenant or (dl the grant of any leasehold intercst ot threc ycars or kss
not containing an option to purc,hase. Lender may. at Lender'c option, declare all ~he sums secured by this MoAEage to be
immediately due and payable. Lender chall h~ve w•a~ved such option to accelerate if, prior to the cak or Iranskr. Lender
and the person to whom the Property i. a. be colJ or transterrcd rcach agrcement in writing that the credit of cuch petson
is satisfactory• to I_enJer and tha~ the intcrr.l payable on the sums secured by ~his Mortaage shall be at such rate ac Lender
shall request. If Lender has waived the op~ion to accelerate provided in this paragnph 17, and if Barrowers successor in
interat has executed a wntten usumpiion agreement accepted in writing by I.ender. Lender shall release Borrower fram all
obligations under this Mortgage and the Not~.
if Lender exercixs such option to accc:era~e. I.enJer chall mail Borrower notice of accelention in accordanc~ w-ith
paragnph 14 htreof. Such notice chall prov~de a pe~iod of not las than 30 days from Ihe date the notice is mailed within
which Borrower may pay the sums declared due. 1t Borrower tails to pay such sums prior to the expintion of cuch peric~d,
Lender may, wi~hout further notice or demand on Horrower. invoke any remedia permitted by paragrsph IR hereof.
NON-UNIFOUM COVENANTS Borrower and Lender tutther covenant and asrce as tollows: ~~
la. Aceeknlioir, Rcmedia. L:cept a~ Provided ~ rara~~s~Y 1~ hereof. ~w forrowe~'s breae~ of ~wr co•ewM K °~
a~recaieet ot eorrower ie tAis Mat~aRe. includinR the co~cesats to p~y wMe~ dre ~wy wms tecrrcd by tbM Mo~aRe. I.ew/er
prior a accekraNoo sba~ n~au no~ke ~o eomo..cr as ~ovided f. rsra~raph 1~ he~eot specNyln~: (11 the br~cA:/21 tbe setlo~ Y
rsqvincd to core src6 Mesch; (3) s date. not less thaa 30 days twrw tbe date tUe ~otke N u~dled to dorrower. dy wAkA srel~ ~
be~ch iaoM be nred: ud (1) tbat tsilrre lo cYre srcM breacA o~ or 6efo~e tbe date s'ecMtd i~ tAe wotice ~sy resdl 1~ t
•ecekratio~ of tbe s~~ secrrrd by this MortRaRe. Ioreciosrer !f jrdicial ~oeeeai~ a~i sale ot Ibe r~o'e~. 71~c wofke d
shaN f~rtber intonN Eon~o~+cr ot the ~M to nfaslNe Jler ~ccektstiow ~wd tUe ri~bt b aae~l h fbe /oreelesrrt /~oeet~ ?
trt ~on-tsistellct Of a detanN or any Mbt~ dt~cast O~ DORO»K 10 ~tttltrMbw awd (OKtloal'e. 11 tl~e ere~cl~ b~ot cwei M '
or before the dste specffied in Ihc ootke. l.ender at t.ender's ortbw ~ 8ecl~re a~ 01 the s~ar seesred by tNs MortRa~e N tie
i~a~edistely dae s~d ~sysbk without t~Ahcr demand and nuy /otrcbte tldt Mo~a~e y jrdkW ~ocetdi~R. I.ender ~hap
be eatiNed to coHtet is srcM proceedfaR sp e:penses nf foreclosrre. foelydia~. bN.~et Ymite~ to. na~w~sele an~~rneY's ftes, ~
a~d costs ot aot~se~hry e•Mesce. abstrscfs ~nd ~i~k reports. ~ -
19. ~~ower's R(~IN lo Reiwsute. No~withc~and~ng 1 endet s ucelerat~on of ~he sums securcd by ~h~s Mortaa~t, i I
Botrower shall hare the right to have an} prcxerdin~~ br~~n by Lender to enforce Ih~s Mor~gage d~scontinued a~ any time ~~
9!~~1K •~4S P~GE ~~O
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