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I.eade~'s written qoeeax~t or applicabk law. Bot~ower shail pay the amount o[ ~Il moR~a~e inwranca premiums in the
manne~ provided unde~ pansnph 2 heceof.
Any amounts disburKd !+y Lende~ pursuant to this parag~aph 7. wilh intercst thercon, shall become additionsl
indebtedness ot Borrowe~ xcurcd by this Mortgagc. Unle~c Bormwer anJ [eoJer a~rcc to other ternas ot payment, :uch
amouots shall be payabk upc~o ~wtice from i.ender to Borrawer rrquc~~ing p~ymrnt thereof. and chall bear interest from the
date of dhbunement at the nte payahle from tirr~e ta timc ~ outstanding prioci~al unde~ thc Note unless payment oE
interat at such nte woold be cont~ary to applicable law. in which event such amaunts shall bcar interest at thc hithat nte
permissibk under applicable law. Nolhin6 contained in this pa~agraph 9 shall require t.ender to incur any eacpense or take
anr action heretlader- .
R IN~e{io~. Lender may make or cause to be made reasonable entriec upon a~d inspectionc of the P~apetiy. provided
that I.ender shall `ive Borrower notice prar to any si~ch inspection ~pecifying rcasonable cause therefex rclated to Lender't
intercst in ihe Pcopeny.
- tbade~naaNon. The procee~ of any award't~t cl~im ter dama~tes: die~e~t ot'con.cquential. in connection ivith ari~i ~
condemnation or other taking of the Property, or part therec~f, or for cc?nveyance in lieu of condemnation. ~rc hereby assitned
and shall be paid to Lender.
In the event of a total taking of the ProE+erty. the procceds shall t~e applicd to the cums xcured by this Mottjage.
whh the excas. it any paid to Borrower. In ~hc event of a partial taking ~f the Property unku Borrower and I.ender
otherwise agret in writing. there shall be applied ~o the cumc securcd by thic Mc+ngage stkh proportion of the pooceeds
as is equal to that proportion which thc amount of thc sumc cccurcd hy thic MortFa~tc imrnediately prior ta the date of
tsking bears to the fair market valuc of the P~~pc~ty immed'eately prioi to the Jale e?f taking, with the balance of the procoeds
paid to Borrowe~.
tt the Ptopeny is abandc+ned by B~rrov?•er. ~r it, after notice hy T.ender to Borrower that the condemno~ oRers to make
an award_ ~r uttk a claim for damage.. Borrower fail. to re~pc~nd t~ l.ender within.3~Q, days after the date such notice is
maikd. I:ende~ is authorized b collect and apply ~he praceeds. at -l.ender'c optioA. ekher to re.stontion ar rcpair ot the
Propeny or b the wms securcd by this Mortgage. ~ ~ - ; r- • ` , ' ~ °
Unlets Lenc~el`'and Borrower otherv?•iec agrcc in u fl~rir.''am• such 3~i'~lic3tiik~ of pmceeds to principal shall not extend
. or postpone the due date of thc monthly ins~allmcots r~crrcd ta in paragraphc 1 and 2 herc~f or change the amount of
such enstallments. ~ • '
l0. .lbryr~w~en No~,Reka~td. ~xte~~ian of ~hc timc fo~ parment~ar mc~d'dica~i~+n ot am~rtization at the sums securad '
by this 11~{ortgage gnnted by (_enJer tc• any cucce~K~r in interect of Borrow•er chall no~ operate to release, in any manner,
the liability ot thc original Borrawer and B~rr~vrcr's succcsu,rs in intcrect. l.ender chall n~t he rcqoired ta commence `
~roeeedings against such successor or rctuce to e~ten~! time far payment or othervvice mc~dify amortization af ihe wms
stc~rtd by this blortgagtby rtsscx~ of ~n~• dEm~ncl~N~adu 6~ thc c+ritinal Botmw~cr and Bc+rmwers~~uctessore in ~htff+est.
11. Forbean~ce by I.eader Not a Waiver.• Am fort+carunrc t+~• I_ender in etercicina any ripht er,remedy hereimdst, or
otherwise affordec! by applicable law. shall not Ix: a w•aiver of ~•r preclude the etercice of an~• c~~ch right or remedy.
The procuremeot of insurance or the paymen~ af ta~c. ~•r o~her licn~ or charFrc b~• l.ender chall ncN he a waiver of Lender's
right to accelerate the maturity af the indchtcdne« .e:urcJ h~• thi. MortFa~c.
l2. Remedies Cumulafive. All rcmedies pro~ided in thic Mortgage src distmct and cumulative to any other right or
rcmeJy unde~ lhis Mortgage or aff~~rdeJ M• la~~ ~~r ryui~}. ;+nJ ma~~ Fx c~erci.ed concurrcntl~•. indepe~dend) or succeuively.
13. Seccessors and AssiRns douad: loint aad Se~:erN t.iaAilih; fapliom. Tht covcnants and agreements herein
•;contain~d shsll fiind, and the'riRhts.henunder ~1w11 iriurc lo. ~he rc~pecti.c ~uccc.c~~r. and accignc of 1_ender and Borrower.
subject to the prc+visiQr~~ oL paragraph i~ hcrc.~(. All co~cna~~ls and ag~ecmcm• i~f &xrnvr~r shsll he joint and several.
The.c~ptio~s and. headingc of the paraer:~ph. of thi~ M~~rtc:~c~ are frr c~nvenience ~nly and arc not to be used to
interpret or define the provicionc hereot. ~
14. Notice. Except for any notice rey~~ircJ ~~oJrr :~rr~~~:~h~~ ~~N ~C R~~en in another maoner. (a) any notice to
Borrower provided for m this Morlgaee ~h•rll t+e giv~n h}~ mailin~ .urh n~~t~cc h. certified mail addresced to Borrower at
~ the Properly Address or at such wher addre.. ~s B~~rrr~cer rua~ decienat~ M• n~aire tc+ T ender as provided hueln. ~nd
~ (b) any notice to Lender shall hc given by cenifird mail. rcturn reccipt rcquc~~ed. 1 cnder. adJrc~~ s~ated herein or to
'i such other address as I.ender may de~ignate b~ n~tire Horrawer as pro~iJrd hcrein. Any nMice pmvided for in this
i Mortgage shall be deemed to havc bcen givcn to Bc~rr~~~~r i~r I.rndcr whcn givcn in thc manner decignated herein. ,
1~ -:Usitorm Mort~s~e; GQreRnin~ iaw; Se.e~abilit~. Thi. f~rm o(.mortgagc cc?mhincs uniform rnvenants for »atiooal
use 2nd-nori•uniform coveriants w~th~imitcd variationc h~~ juri~d~ction to r~nstitute a uniform securiry instn~me~t covering
! t~eal property. This Mortgaae shap be governcd h~• 1h~ law of thc juri~.lir~ion in which thc Propeny is located in the
i ~ve,nt ~lhat Any ~rovisi~n o~ cf~t~se qf _thic Mortgaec or thr !~ote conflictc w ith applicahk lawr such~ con~lict shall not. ~ect
ot6er,provisiortstof.t~is•Mottgqge'orthc Notc which c:~n Mc ci~•cn clTcct'withoot the ccinflicting prav~s~on. and to this
~ tiie prwisions of tfk Mor~gage and ~he tio~r arc Jeclared t~ he ce~•erahle.
~ j6. ~on~ower's Copy. BorroK~cr chall bc furni~heJ a rnnf~rmed rnpy of thc Notc and of_ lhic Mortgagc af'the time
, of e~ieeutioi~ or aRe~ recordation hereof- ' ~ ~
"~"ly. ''1'ransfer~ottfie Piropetty; Assumplion. If all ~~r an~ parfbf ~hc Pro~xrl~~ or an ipterest'Ihercin ic sold or tran~ferred
~ by Borrower without L.ender's prior writtrn concem. cs~luding (al ~he crcation of a licn or encumbrance suhordinate to
this M4~fgaje. (b) ihe creation of o purchace money seeuri~~•~'mlaresl for h~•ucehold appliances. (c) a Iranc(er h~ devise.
descent or by opcration of law upon the ~kath ~~f a jo~n~ tcnant ..r ld? thc eram of am• Icaschold.imerest of ~hrec ycars or less
not con(aining an option, to put~,hase. ?.ender m~~•. at Lrnder'. rptiun. declare all ~he ~um. secured hy this Mortgage to bt
immedjately,due anA payablc. Lender shall have wairce~ ruch opt+on ~?cceler•rte if prior to the .ale or iransfe~, i.endsr
an~ t6e person to wNom, tht Propecty 'ls lo be sc~IJ or tnnsfcrrcd reach agrccment in writing 16at the crcJit ~f wch person
is satjsfactory fo Lendtr ~nd ~h~t thc in~erc.t payablc on thc sum. M~urcd by thi, 1?lurtg•rgt chal{ be at ukh ratc as Leoder
shall ttquest: If I,en~er has waivecl the o~~iun to accelcr~tc pr~vided in this para~r~ph .17. and i( BprroKer's successor in
interat hac exeeuted a written assumption agr.ement accepted in writing by l.en.ler, l.ender sholl reka~e Borrower from all
obliastiora anckr thfs Mortgage and.the Ncuo. ~ ~
-If Lender exercises sucfi option tu aceelerate. Lender .hall mail Borroaer notice of acederatic+n in aecordaneC with
paragraph 14 hereof. SuCh notifc shall provide a pcriod af not Ics~ than iA Jayc from the datc the nOtiCe is mailed' within _
which Borrower may pay the surns declared due. If Borrokcr f•ril~ to pa~ sunc ~umc prior io the `crpiration of cuCh period.
Lendet may: w'ithrut furlher notite or demand cui Horrowcr. invokc am rcmedies permiUcd b~• paragraph 18 hercof.
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Nun-UwtFO~M Cov~H~ntrs: Bortower and i.ender further covenant and agree as follows:
~ ' ld. AecekMan; Re~t~edies. Exceq as prostded in parsKrapA 19 hereof. upon dorrorre~'s breach ot any coveosN ot
~ sjreemeM of ~orrower in this Mort~a~e. tncludtn~ the co~•enan~s to ps~• N~hen due sa~• sums secured by thk Mort=aie, t.~aier
~rior b sectlenifioa sbaM ms8 aotkt to dorrower as pro~ided in par~raph 14 heteot tpecitying: (1) tl~t breseA; (2) t4e ~ctb~
g ~eqdred 1o cor~e sneh breacb; (3) a datt. nM les.+ t~an 30 days from ~he d~tt tbe notice k rnailed to do~rower, by wWct wer
~ breat6 ~~ut be eared: sad (4) tbst faqure ~lo cen such bteaeh on or before the datt specibcd fo the notke may ~+tarlt f~
scceleeatio~ ot'tbe wms s~eiwrtd Aq tAfs~lltortgaac; tortclocure by judicial proceedin~ aad sak ot tbe tropettf. 7Le notle!
~ sAaB f~rU~er iators dor~oxer ot tlee ~bt Io reinslste after ~cceieratan and Ihe riRht fo ~ssert in t6e foreclosort ~oc~edi~(
ibe ~on~ezWenee ot a aef~dt ar aoy N1~er dHense ot dorro~rer to sccclention snd foreclosore. 1~ tM be~cU b ~ot c~M o~
~ or betore ~e d~te s~eibe~~ir tl~e notte~ Lender at Leoder•s optbn ma~• dechre ad of tAe sn~ secnred by t1tk~Moe1~ ti re
iswcilatdy ire aed ~~bie wiNwut tuRber ~emaad and may: toreclose thk Mort~a~e 6r judicW pmceedit~. ~ Y~lsdet I~i
k e~dOta ~s ~it~ proea~ afl espensa of toiec{osun. iacludia`. but aot Ua~fted to, tsNoaabk att~eYs [ee~,
~ ~d a~b aL ~ic~al~r~'~~idee~Y. ~b~t+scls and tide eeporlc: . . . ~ .
1!. ~ort~ower's ~t W Refrtate. 'Nawhhstandin` Llndet;s acceleration of Ihe sums secured bji this l~ort~a~e.
~ Borraver shall bava the ri~At to hav~s arty praceedings bejua by ~ender te enforce this Mortp~e discontinuEd'at any pme
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