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l.rnde~'s writttn agnemcnt or applicable law• Borrowrr shall pay ~hr amuunt of ali mortgage insuraiice prcmium~ ~n tho
manner provfdrd under paragraph 2 hereof.
Any amounts disburxd by LenJer pur~uant t~~ this paragraph 7. u;~h interest thcreon. shall bec~rtre addi~ianal
inJebtedness of Bor~ower secured by ihis ~t~r:gage t'nle.~ Borr.~~~er ~nd 1~n~er :~gre~ to other terms of paymeM, such
amounts shal! be payable upon nci~i~r from 1~ndc~ tu B:~rn~~~r rry«r.ting p.~~m~nt thcr~of. and chall tkar interest from the
date of disbursement at thc rate payable fr~~m time t;~ time on out~tandinF pnncir~) undcr thc Note unlcsc payment of
intercst at such rate would be cont~arp tnapplirable L~w. in Nhich evrnt curh amounts .hall hear interest at the highest rate
permissihlc ~„w~r applicablt law•. Nothing cuntained ~n thic p•rrag:aph 7 chall require I.ender to incur any expense or take
any action hereuoder. •
8• Inspection. I_enJcr ma}~ makc or esu~c to hC madc reaconable en~rie~ u~i~n and ins~xeh~~nc ot thc Property. provided
that Lender shall give Borrower netire prior to ~ny ~uch insperti~.n ~p^cif}~ng « asonable rause therrfnr relatcd to Cender's
..interest in the Propccty. _ _ _ . _
9. Condemoatbn. The pn~ceeds of any award or cl•rim fc?r dama~cs. direct c?r r~m.cyuential. in connection. with any
condemnation or other taking of the Property, or parl therr~~f. ~r for e~~nv~yance in licu af condcnin~tion. :~re hcrcby assigned
and shall f+e paid to L.ender.
, In the event of a tatal taAing of ~he, Prrprn~•.; the pr~ee~)s chall he .~~~1ied t~. ~he ~umc cecured hy thic Mortgage.
with, the trcess, if an)• p:~id t~: Bortc~K~er. ; in tfic rti~cnr ~~f a partial tal.inF r~f the Proper~~• imlecs Borrow•er and I_ender
: otT~wise ag~ec in w•ritin~. tbc~ ~ Q~ ba applicd M thc wmc ceruraJ.by th~c M~rt~a~t siK.fi tptbportkiD ot thc proceeds
asis equai,.,to that proportior~,~~c~,~~e`.mA~1~ci~i t~f thr sum. .c,ured h~ thi. ~i~~?~~e.,¢c ~immediately•p~~r t~ the date of
talu'ng bears to the fair market value of ihc ProEicrt~ ~mrnc~liate!}~ pri~~r to thc J:,te of saking,- ~rilh tha balance of th~ proceeds
~ paid to $orrower. f c~ _
Tf the Property is abaA~nn~d~~~Bt~rn~er~t+r ir.:;~ftcr notice h~~ 1 rnder t~• B~rr~wer that the condemnor ofiers to make
an award or seltle a claim for damage.: 8~~rn.wer fa~i. rr,p~~nd t~~ 1 ender Hi~hin 3t1 days after the date such notice is
mailed. Lender is authori~~~ ¢ d apply ~hc prncceds. al # ender's option,.e+thcr to restoration or repair of tl~e
PrOperty-or ro the cums sec~~d'~~~is~ortgage •
Untesc I.ender and Borro~~er otherHicc ag+rc in Nritin~_. an~ ~u~h ap~Gc:i!irn ~f pro:cede to principal shall not ertend
or postpone the due date of thc monthl~ installmrnts rcfcrrrd m in ~:uaEraph~ I.~nd herc~f or change ihc amounl of
such installments. ~ -
10. Bo'rrower Not Rdea~ed. ~rtencinn c.f thc timr f~~r ~:~~~mrnt i~r m~dificati~n ~.t ~m~~rti~atioh of the sums seeured
tf}' t}11S Mort~age granted b}• I.cn~irr h~ ~n~ ~UiC~~~~~~ it~ IhICtCC( t~f ~~~R~~'AC/ :h;~l! n~i ~~~CCdIc' M relcase. in 8Dy mannet. -
the liability of thc originai Borrowcr and Burr~•w~r'. ~u;~r~.~~rs in interc:; Lrn~ier chalt n~~t hc ~required to commeoce
proceRdings against such successor.~,r refux to exten.! ~imr f~r payment ~~r othccwicr m.•eiify amortizaUon .a~f the ~s1~ms
sece~red h~~ this Mortgage k~ rea~on of am dem~n~l madL• h~ the rri~,inal Rorr~~..er and Bnrr.~u•er's ~ucces;~c~ in interost.
ll. Forbearance by l.ender :~ot a N'~i~er. ~m f+•rhearancc h~.Lcnder in e~erci~ini :m~~ richt ~r remedy herennder. ~r
otherwise afiarded hvr applicah;e law•. 1h:,ll n<~t h~ .i ~~:~ncr cd prC.lude thr c~e*ci,c ~f ant ~:~cF? righi or remedv_
The procurement of ir~Saran,c or the ~•~~•m~m ~~f t:~~~~ ~~r nthrr'icn. ~K ~hargs~ h~ 1 cnder ~hall nt~t tx ~~:~iver l.enJer's
right ta accelrrate the maturity uf thc indehtedne.< <c_nrrd h~° thi~ ~1~~riiaec
l2. Remedies Cumulati~•~. A!! remc~l:e~ ; n~.id~d +n t}n; ~tc~rtcagr ;~rc ~li~,in;t ar,d ;un~<<lati~t to am~ nther right ot
reme~i~• unde: ihis Mortgagr i~r .~fT,•r~ri! i~~ Liu ~•r r~tint~ .inil rn:i~ h< <•i~r:~.~,1 ~.~n~urrrnll~• indeprndenth «r su:ie~sively. -
13. Succeswrs and AssiRns Bound; dui~t and Se~eral 1 i~bilih; t'aplfon.. ~Thr c~•.cnants and agrremenic hereirt
conlained shall bind, and ~he ci~ht, herrundCr thalf ~r.ur~_ tn. the r~,r~.!i.~ ~uccr••,~;• and ac;ignti nf I.encier :ind ,^.nrrow•er.
subject to the prnvisien~ of paraeraph 17 h~rr,~f ~\ll c~~~rn.3i,t, .~~e,i .~er~emcnt. ~~f 8~~rn~ucr sh~ll t~ jnint and tcveral.
-Tht eaptions and heading< <~f !he p1r.i~~.~rh. ,~t' tfii~ \1~~rte.~L: .,r, i~~r ce•m•rn~ence ;~nl: :~n.! ~rr ~nt t,~ he uc~d to
inter~+ret or define thr pro~ici~~n~ here~f.
14. ;~otict. Errrpt f~r any noii;e reyuireci ~m.t~, .~~~~ti,:~hir la« t~• bc gi~'en ~i: an.~tner iuanncr. l~l any natice to
B.~rn,wer ~+rrn~ided for ts? thi~ ~1: rteagi ihall tk g~~cn h~ m.~iling .aiil~ n.,~i.e h: «rt+fie.l m.+il :+ddri.,ed t~~ Rorrower at
the Propert~ Addret, ~r at .uch ,~thrr a~idrt,. E3.,rr.•~.er dc~~_n:~i~ h< <,,.,i:e tr 1 r;~.1er .~c ~r~,tiide~ herein. and
(b? an~ noticr to Lender shal! hc ci~cn ht .r~!tir~i m.iil ~ rc:;~rn r~:c;{~t ,~a::~,~~({ tc~ i cnii~r', ad~lrccc sta~cd hercin or to
~ such other addresc as Lrnd~r rnat ile,~~n:~~e h~ rn~t,;c t,, $:,rn•ti+rr a• pn:~~J.J h~r~~:i. An~ n~~lice pn•vid~il fc~s in thi:
:11orlgage shalt he deemed to hatic T~rcn gi•.~~ t~, B.~rr.~xi•r 1~;~dcr ~•h~n s:i~cn in thr manacr de~i~nated htreit~.
~ 1S. Uniform ?1Tor1~;aRe: Gnccrnin~ i.aK; Sc~cr•rhilih. ~ f~~~m nt.m.~rtcatr ;~~mhinCt uniform :~~~cnantc f~r national
use and non-uniform co~-enant, urth !tt:1fIC+9 t,i~i;~11vf1~ )ttfi~~liiitf~r !n it~ASl~2utC 3 ttrt~lOftTl sec~~rin in~irument coti•ering
rea) prop~r(}'. This ~Sc~rtgage shat' tx e~~~~rn~d ht. tht 1.~:. nf thr iuri..Iiaivn ~n uhich ihc Prnperic i. lu.ated. In the
event that any~ pro~•isi:~n or rlau.e c~f thi. ~1rrt~agc ~~r the Ne~re ;~~nfli;tti ~.ith ap~iic.+hle Ia~.. ,u~h ionflict ~hal1 not atTect
other pro~isi~m of Ihis `torlgagc thc ~;~tr ~~h,~h ;.ui he e~~~n ctT~.t ~.i!h. u; the ~c~ntlir~ing pr~~.i,i~n, and t~ this
end the pro~isions ~f thc !1lnrtga~;r ;~r~~l thr \,~ic :~re .licl:u~•d he aot•crehle.
-v1~. Borrower's Cop~. Bors~~~tcr ~hell ~~i f~1i~i~.Fti~~ :i crnlrrmed cc~(~~ lht' \t~lC ,~ni1 ltti~ ti1c~SiC~~'~ ~l lftt 1UIlC
of execution or after recoMa~ion her~,~f
17. Trnnster of !he Proprrt~: .~ti~umptiun. ti a!! t~: ez,i ~~.,rt ~~f thc Pt~~~rrtc .~r an rntrrect th_rci~ i, .,~'d tran~ferred
b}' Borrqwer KYI~10U( I,6'Rdl'f~S piK~[ N[IfI~R ~~~I1~Ci1i. l'l~lU~l{I~ ~.1) lf)f ~r~.ilinn ~~f 3 iil'll ~~f cnc~imhra:~~C )llhUl~IS(13tG ~C~
this Mortgage. IbY'lhc efc'atiori ~~f a~u:rha.c ntc~nc~ .cruril~ interect fc+r h~~i~ti~h~~]i! a} E~II:IIt.L.. ~~j a 1i;![hfcr h~ ~J~vist.
_ descent or h}' opera~ion ~~f la~~ upt~n the ilra;h ~~f i.~~nt t~•nant ..~r ehe er:i:iF i~,~cF•nfd irztere,t thrcr ~:rar, ;x less _
not ~ed'ntaining an ~pti~n tt, p~archaie. Len~iei n::t}. .,r I.rn~1e~'• ~~~~„~n dr_f,rc a!. ihc ,:~m, ,c,urrd M this ~tortgage ,o be
imnxtii~ttly due and pa)'ahlc. 1 cndrr ~hal! ha~e :?.~i<<•~! .nrh opti~~n r,, ,~~~clcr.i!c if ~ rinr t~~ the ~.~t< <r transfet. 1.cnder
_ and the perss,n ro w•hOITt thc Pr.>peit~'i~ bt ~O~i~ lC.t!ttlt~(C<} tt.t:~ ~!LiCiCI<<ll tr: t~f;t;;l~ i~)al I(1~ ~~~~~il tif .ti~h ~rson
is satisfactor}~ ~7+ I_endcr and tha~ ~hc inlere•~ r,~:,r.~z ~~n thc ~um. .~,~r,~d h~~ !hi< ~~~.rte~ge •fi~atl hc ac t;=~h rate a~ f_ender
shall request. lf I_ender ha. wai.•eJ. ihe r~~i,~~i rc~ ar«~h•r:~ic ~r~,.ide~ ~r th„ p.~r.~~:;1(`Tt I7. 1t1(I i( B+~rr.~•.~rr'~ .ucce.sor in
intereat hac execute~ a w•rrtten assumptiu~~ :~grczmcnt ar;~~;cd in wri~~nc hy I.en,irr Lrn~ter sh:~l{ relcaK S~~rruwer from all
obiigations under thts Mortgage and ihc N~te. .
lf l.eoder ezerri~c~ suc~t ~~ption tn accclcr:~te. Lcit,lr; ,h:~ll rn:ui Borr~~uer ri~'tice ~~f :iccelerati~n in accordance with
p~ragraph 14 heceaf: 5uch nohce ~hail pro~ide prrn~d ~?f ni~t irs~ than cl.i~~ fmm the date the notice i; mailed wiRhin ~
?~•hich Borrow'er may psy the sum~ dc:lere~1 di~c It R•~rrn.+~r 't.;~:. ,;;,h tiarms pri~~rt~ thc c~~+it.c~i~r~ rf ,uih pcriod
Lender m:+~. Hiihout fur~her n~~ure or dcmand ~~n Horr.~~~cr. ~iivc~i.r ~~r remedies ~?zrmittc;l h~~ paragr.~ph iK hrreof. i
No~-L~ti1FOR~! COi'F\ANTS. BOR~~N'CF :!!1~ I.CIt~JCf further «~~cnant and agrce ati follr.ws:
18. Acceleration: Remedies. Except as pro~ideA ir. p~re~raph 17 hereof, upUn Sorrov`eis breuh of anv co~ens~nt or
~grcemept of Borrower in this 11ortg~~e, includinR the covenanis lo pa~ ~.hen due an~ zums secured b~ this MortRs~ge, Lender
prior lo accekration sh~ll mai! notice to Borruwer ac prn. ided in paraRr~ph 14 hereof specif~in~:11) the breach; (2) the action
rtquired to cure such breach: ~(3) a date. not lecv than 30 da~s frum ~he date the notice is mailed to Borrow:r. by whkh eoch
breach m~rst be curtd; aad (~1) that failnre to care wch bre~ch on ~?r before the date specified ia the notice.m~p result in
accekrstioh of tht sums secured b3 thi+ ~1ort~a~e. (oreclo~ure b~ judiciai proceeding and s~le of the propcK}~. The notict
s[~all turlher inEorm Borrower of the rikht to reiasi~te after acrtleratiun and-Ihe ri~hf fo ucert ia lhe foteclosure procetdiag
tht oon-s~alence of a default or any other defense of Bon~we? to acceleration and foteclosnre. H tl~e breuh is not cured on
or~beiQre Ihe dale specified in the notict, E.endet al Lende~ s optiuo ma~ declue all c.' !he wms securc~ tn• thLs ~tortga~e to be -
immedittdr due and pa~able wiihout further demapd and ma~ Foreclose t6is lfortgage bv judieist proceediug. Leider dall
be entided to rol~ed in sueb proceeding a[I expenses of foreclosure, iacluding, but uot liauted ta, nasoaabk ~torner's.tees~
and coNs of documentpry e.ideace, abstrscfs and Gtk reports. '
l9. ~orrower's Ri~ht to Reinstate. Notwithstaading I.enJer's accelerat~on ot tf~e sums sec:ured by thi~ Mortaage.
Botrowgr shaU havt the right to ha~e an}~ proctedings begun by Lender to enforce this Mortgage d~scominuod Yt any time
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