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Lender s wntten agreemem o~ appi~cable iaw Burrowc;r shalt pay the amourn ot all mortgaye ~nsuiance urem~ums ~n tne
manner prowded under paragraph 2 hereof ~
Any amounts d~sbursed by Lender pursuant to th~s paragraph 7, w~th ~nterest Ihereon, sha11 become aad~aona?
~ndebtedness ol Borrowe~ secured by th~s Mortgaye. Unless Borrower and Lender agree to other terms of paymen~. such :
amounts shali be payable upon not~ce irom Lencier to Borrowe? request~ng payment thereol, and shall bear ~nterest irom the
date ot d~sbursemem at the rate payable from Ume to I~me on outstanding pnnc~pal undei the Note unless payment ot ~
~nterest at s~ch rate v.-ould be contrary to appl~cable law. ~n wh~ch event such amounts shaH bear ~nleresl al Ihe n~ghest ~ate
perm~ss~ble under epp~~cabte iaw. Nothing conta~neci ~n th~s paragraph 7 shali requ~re Lender to ~ncur any expense or take
any acUOn nereunder.
8. I~ip~etion. Lende~ may make or cause Io be made reasonabte entnes upon and ~nspect~ons ol the Property.
prowded thal Lender shan g~ve Borrower noUCe pr~or to any such ~nspechon spec~ty~ng reasonabte cause tneretor reiatecl to
Lenders ~nterest m the Property.
A. Cond~mpaUon. The proceeds of any award or cia~m for damages, duect or consequent~al. ~n connecUOn w~th any
cOndemllitipn or pthe~.tak~ng of the Properry. or part thereot, or tor conveyance m I~eu ot condemnaUon, hereby ass~gned
and 81?a11 be paf4 to.~ender.
, In the event of a total tak~ng ot ~the Property, the proceeds shau be appl~ed to the sums secured by tnis Mortgage.
with•tt~e e~c,~.e~x~J ~ny~pa~d to Borrower In the event ot a part~ai tak~ng of the Property unless Borrower and Lender
othervv?seagree in wri~ing, there shall be appl~ed lo the sums secured by th~s Mongage such proport~on of the proceeas ±
ae i~ eQual t0 tbat. proport~on wh~ch the amount of the sums•secured by.th~s Mongage ~mm@diatety pnor to the date ot
taic~ftqbears lA~~e i~v ma?ket va{ue ot the Property ~mmed~ately pnor to the date ot.tak~ng, w~ih the balance ot the proceeds
paid tO:t~6, flS~a~ower.
It the Property ~s abandoned by Borrower, or ~f, after not~ce by Lender to Borrower ihat ihe condemnor olters to make
an award or settle a ala~m for damages. Borrower ta~is ro respond to Lender w~th~n 30 days atter the date such not~ce ~s
ma~led. Lender ~s authonzed to conect and appty the proceeds. a; Lender's opUon. e~ther to restorat~on or repa~r ot the
Property or to the sur?~s secured by th~s Mortgage
Uniess Lender and Borrower otherw~se agree ~n wr~t~ng any such appl~cat~on of proceeds to pr~ncipai shaii not extend
or postpone lhe due date ot the monthly ~nstaliments refe~red to ~n paragraphs t and 2 hereot or change ihe amaunt ot ,
such insta~lmenls.
1 O. Borrower Not Released. Extens~on ot the time tor payment or mod~t~cation ot amorlizat~on ot the sums secured
by th~s Mortgage granted by Lender to any successor ~n ~nte?est ot 8orrower shall not operate tQ release. m any manner,
the I~ab~i~ty of ihe or~g~nai Borrower and Borrower s successors ~n ~nterest. lender shall not be reqwred to commence
proceed~ngs aga~nst such successor or ret~se to extend t~me for payment or otherw~se mod~fy amon~zat~on o! the sums
secured by th~s Mortyage by reason of any demand made by the ong~nal Borrower and Borrowe~s su~cess~rs m Interest.
11. Forbearance by Lender Not a Waiver. Any torbearance by l'ender ~n exerc~s~ng any r~ght or remedy hereunder,
or otherw~se afforded by appl~cable iaw. shall not be a wa~ver of or preclude the exerc~se ot any such r~ght or remedy.
The procurement of insurance or the payment of taxes or other I~ens or charges by Lender shali not be a wa~ver ot Lender s '
right to acce~erale the maturity of the ~ndebtedness secured by th~s Mortgage.
12. Remedios Cumulative. AIi remedies provided in th~s Mortgage are d~stinct and cumulative to any other r~ght or
~ remedy under this Mortgage or attorded by taw o? equ~ty. and may be exerc~sed concurrently. ~ndependently or success~very
13. Successors and Assigns Bound; Joint and Several Lisbility; Captions. The covenants ana agreements
nere~n conta~ned shaU b~ncs, and me r~ghts nereunder shai! ~nure to. the respect~ve successors and ass~gns of
Lender and Bonower. sub~ect to ihe prov~s~ons ot paragraph t 7 hereof An covenants and agreements of Borrower shaU be
~o~nt and several The captions and hea0~ngs ot tne paragraphs of th~s Mortgage are for coven~ence oniy and are not to be
used to ~nterp?et or define tne prov~s~ons hereof
14. Notice. Except tor any not~ce requ~reC unCer appl~cable iaw to be g~ven ~n another manner, (a) any nol~ce to
Borrowe? prov~ded tor m th~s Mortgage sha11 be grven by ma~i~ng such not~ce by ce?Ufced ~ma~~ addressed to Borrowe? at
the Property Address or at sucn oiher address as Borrower may des~gnate by not~ce to Lender as prov~ded here~n. and
~b) any not~ce to Lender shall be g~ven by cert~hed ma~I. retum rece~pt ~equested, to Lender s address stated here~n or to
! such other address as Lender may des~gnate by not~ce ro Borrower as provideci herem. Any not~ce prQv~ded lor ~n this
'I Mortgage shatl be deemed t0 have been g~ven to Borrower or Lender when glven' ~n the manner designated here~n.
15: Uniform Mortgage; Governing Law; Severability. Th~s form of mortgage combines un~fo~m covenants !er
~ ~~<,tiur~a~ use anJ npn-unt!O~T c~,.enan?s .vi?h ~ir;~[ed varahons by ~ur+sd~ci~on to consntute a un~torm;ecurrty ~nstrurre^'
~ ccverrna !ea! property Tne s!ate an.i io~ c~ !av:s appi~cab~e to this Mortgage shau t~e the faws of tne ~unsd~chon m wn~ch
i ?ne PrppErty i5 io~atE(1 Thp 1~~Fqpinc~ ;~nt%,•n~e 5hd?' nr~? ~~Trt !he app~~cabi!~ty ot teaeral law to Tn~~ murrg~~yF In :he ct?r.?
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O':IS~O~~ O~ Th2 ~1~Jr'(~JlUt • ~7 ;hE a~t .7. -~i~r!: SO ~r~~.f f~ifr E'
16. BonowePa Copy. Borrov+e~ sna!! be fum~shed a conto~med copy of tne Note and ot th~s Mortgage at the t~me
~ ot execuuon or atter recordat~on nereo!
~ 17. Trensfer otthe Property; Assumption. If a!' or any part ot the Property or an ~nterest tnere~n ~s sold or transterretl
by Borrower w~thout Lenders pnor wr~tten consent ezc~ud~ng ~al the c+eat~on of a~:en or encumbrance subord~nate to
th~s Mortyaye. ib~ the creat~on ot a purcnase money secunty ~nierest for household appt~ances, ic) a transter by dev~se.
aescent or by operat~on of law upon the death of a jo~nt tenant or ld) the grant of any leaseho?d ~nterest of three years or iess
not conia~ning an opt~on to purchase Lender may, at Lender s optio~, declare aU the sums secured by th~s Mortgage to be
~ ~mmed~areiy due and payab?e Lender ~hai~ have wawed such option to accelerate ~i pnor te the sate or transfer. Lender
~ and the t?ersen to vrhom tt~e Property ~s to be so~d or transierred reach agreement ~n wr~t~ng that the cred~t of such ~erson
~s sat~sfacrory~ to Lenaer an~ Ihat the ~nterest pay8ble on the sums secured by th~s Mortgage shalf be at such rate as lencter
~ snau request If Lender has warve~ Ihe opt~on to accelerate prov~ded ~n th~s paragraph 17. and rt Borrower s successor ~n
~ ~nterest na ~ axecuEed a vrntten assumpt~en agreement accepted ~n wr~hng bylender. Lender shalf ~elease Borrower from af;
obi~gat~o~>> ur~er tn~s Murtg~ge and tne Note.
~ It LenUer exerc~ses such opt~on to acce?erate. Lencier shaii ma~! Burrower noUCe of acceleraUOn ~n accordance ti.rtn
~ paragraUn i 4 nerec~f. Sucn noUCe sha+~ prov~tle a penod of noi fess that 3U days from lhe date the not~ce is ma~led w~thm
tivh~ch Bor~ower may pay the sums dec!ared due. It Borrower fa~ls to pay such sums pnor to the exp~rat~on of such penod
Lende~ may. w+thout Iurthe~ n~!,ce or demand on Borrower. ~nvoke any remed~es permitted by paragraph 18 hereof.
~ NON-UNIFOP.~,A COVENANTS. Borrower and Lender further covenant and agree as to~fows:
! 18. Acceleration; Remedies. Except as provlded in para~raph 1 T hereof. upon Borrowe~'s bresch of any
~ covenant or sgreement of Borrower in this Mortgage, including the cove~ants ta pay when due any sums sscured
! by thls Moetgage, Lsnder prior to acceleration shall mail notlce to Borrower as provided in para~raph 14 her~of
; specifying: (1) ihe broach; (2) the actlon required to cure such bresch; (3) a dste, not less than 30 days from tha
date the notlce Is malled to Borrower, by which such bresch must be cured; and (4? that taflure to cur~ such br~ach
on or beforo the date specftied fn ths notfce may rssult in acceleration of the aums sbcured by this Mo~tgs~e,
' forsclosure by judicfal proceeding snd sale of the Propsrty. The notic~ shall fu~ther iniorm Borrow~ro(the N~htto
reinstste after sccelarstlon and the ri~ht to assert in the foreclosuro proc~edin~ the non-existence ot a default or
any other detsnse of Bonower to acceieration and forsclosure. N the breach is not cur~d on or betor~ the dste
~ specifled in the notice~ Lender st L~nders option may dscls~a all ot the sums sscured by this Mo~t~a~ to b~
immedlately due and payebla without fu~thsr demand and may toreclose this Mort~a~e by Judlctsl procsedf~g.
t l.snder shall be entitled to collect in such procsedin9 all expenses of foreclosure~ Including, but not limitsd to,
~ ressonable sttorneys fees, and costs of documentary evtdence, abstracts snd tltle reports.
~ 19. Borrower's Right to Reinstate. Notw~thstand~ng Lender's acceleraUOn of the sums secured by ,h~s Mortgage :
Borrower shatl have the r~yhT ?o have any proceed~ngs begun by Lender to enforce th~s Mortgage d~scont~nued at any t~me
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