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(.cnder's written agrcement or appli~able law. Bormwrr shall pa~y~e amuunt oT aTl~mortgage incurance prcmiums in the
manner Providtd under paragraph 2 hereof
Any amounts disburud by 1_ender pursuant ~o this paragraph 7, w•~th intercst thereon, shall become addition~l
in~iebtedness of Borrowet secured by thic Mongage Unle.. B:~rm~er anJ ( rnJzr agree to other terms of payment, such
amounts shall tx payahk u~n notire frnm 1 rnder ~o Borruwrr reyue~tin~; pa~mcnt thereot. and shall htar interest from the
date of disbursement at the rate payahlc frum time to t~me on oinstandinR principal under the Note unless payme~t of
interest at such rate would tx rontrary lo applirable law~. ~n wh~ch event ~urh amoums shall t~ear interest at the high~st rate
permissible under applicable law. Nothing contain~d in this paragraph 7 chall require l.ender to incur any expense or take
any action hereunder.
8. inspecfba [_ender may make or cause to he made rea«naMe rntrie~ u~on and incpeetionc of the Prnperty. provided
that i.ender shall give B4rrowe~ notice prior to any such inspecti~n ~~cify~ing reisonable ca~ ~e~t'~i+i~led to I_ender's
interest in the Property.
9. Condetenatbn. The proceeda of an}• ~ward or claim for dama¢es, direct or c~n~equcntiaL_in conn~ction with any
conderunation or other taking of the Praperty. ~~r part there~f. or for convepance in lieu of conaemnation, are hereby assigned
and shall bt paid to L.ender.
In the event of a total taking of the Pr~perty. the prckeeds ~hall he aprlie~i ~c~ the ~umc secured by thic Mortgage.
with the excess, if any paid to Borr~~wer In thc event ~f a partial ta~.in~ of the Pr~pert}~ unles~ Borr~wer and Lender
othervvise agree in writing. there shall be applied tc. the ~ums cecured hy thi~ Mort~age cu~h proportion of the proceeds
as is equal to that pro~rtion which the am~~unt of ~he suma .ecured b~• thic \lortgage immediately pri~r ~o the ~ate of
taking beazs to the fair market value of the Pro~xrt~ immediatel~~ rri~r t~ the Jate of taking. with the halance of the procceds
paid to Borrower.
if the Property is abandoned hy B~rro~•er. ~r if. :~fter notire h~• t ender m Aorrc.wer that thr condemnor oPfers to make
an 3ward or setNe a claim for damage:. B~~rr~wer fail. to re+{x~nd tn 1 ender within ;0 da}~s after the date such natice is
mailed. Lender is authorized to collect and apply the proceeds. at Lender'c o, tion. either to reuoration or repair of the
Propeny or to the sums secured b~~ this M~~rtcage.
Unless Lender and Borrower athen+~ise agree in writine. am tuch applir.ui~n ~f prc~ceedc to principal chall not extend
or postpone the due date of the monthl~ imtallmcnts rcferred ~o in p:+ragra~hc 1 and 2 hereof or chanRe the amount of
such installmtnts.
10. Borrower Not Released. E!cten~ion of the time-fc~r pavment or mc~dificati~~n of amortization of the tumc securcd
by this Mort~age g~anted by l.ender t~~ am~ cucce~«~r ~n intrr~~t ~~f R~rrouer ~hall n~t o~+erate to rclease. in any manner.
the liability of the original Borrower and Bnrrnwcr', succetti~~rs in interc~t 1_en~ler chall not hc required to rnmmence
proceedings against such successor or oefuce t~. ertenJ ;~me f;.r pa~•mcnt ~~r other~ i~e modih• amortization of the sums
secured by thic Mortgage b)• reason of am• dem:?nd madr h~ the ~rie~nal Borr~~wer and Borr~wers suceestors in interest.
11. Forbearanee bv Lender NM a µ'ai~er. Am (~~rhearancr h~• Lender in e~erci~in¢ am• right c.r remcdy htrcunder, or
othenvise atfordtd by applicahle I.1N'. ~F13II nc•t tx a u~aicer ~~f ~~r precludr the e~ercise of am wch right or remedy.
The procurement of insurance or the payment ~~f ta~e. ~~r ~~lher lien~ ~~r char~i~ h~ ( ender .ha11 not he a w:+iver af [.ender's
right to accelerate the maturit~• of thc indehtcdnec~ .r_i~r~d M ~hi~ ~lnrtga~r.
12. Remedies Cumulative. All rcme~liet ~•n.~~dcd in thi. ~1~rt¢aec arc ~1i~tincl :enJ ci~mulative ~o an}• ~~Iher right or
remedy nnder this Mortgage or afT~~rd~~i hc la~ ~~r eyu~t}•. ,nd m:i~ tx c~er~~.~,i irncurrentl~ independemh or su.^cecsively.
13. Successors and Acsy;ns Bnund; Joint and Se~era! I iabilih: ('aption~. 1~hc ~~~~enantt and :?greement~ herein
contained shall bind, and the rieht~ hereunder tihall +nnre t~. the rr.~~;t~~r .u:c~.~.~r. ~n~i a~~ienc ~.f [ ender ~nd Borrower.
subject to the provi;ionc ~f paragraph 1' her~e•f :~II ~o~•e~~:,m. anJ agr~rment. ~~f B~~rn~w•er shall he jc~fnt and several.
The captions and headin¢~ of the paracra~h. ~~f thi. ~i~~rtc,i~r arr frr r~~mcn:enc< <~nh' .~n~i are n~~t t~ he used to
inter~+ret or define the prmi.ion~ herec~f
14. :~otice. Except for am' notire nyi~ir~d undrr .i~rli~.~hle la~ t~~ hc c~~•en ~r, an~~ther manner. (al am~ nMice to
Borrow•er pr~vided for in thic '~i~r~gaee shall he gi~rn h~ mailin~ .u~h n~~t~.:~ h~ ~~r~ified m:iil :iddre~~ed t.~ Borrower at
thc Property Addrets .ir at wch ~~ther a.fdrr.. R:~rr,~~~rr m.~~ dc.i~~:~!~ h~ r~~~ice t~~ T ender :~s pmvided herein, and
(hl am• notice to l.ender shall tx ~~~~n h} rcrtifir.f m.ul rrturn re~r~~+t rcqueste~i t~~ i rn~fer'~ ad~lrett stated herein or to
such other address as I.ender ma~ d~cienate h} ~~~ti;r t~~ Brrn~.+er as ~+m~~de~1 hrr~~n Am~ n~tire pmvided for in thic ,
:~iortgage shall he deemed to ha~c been ~,i~~n to B~~rruWCr ~~r I_rndcr ~+h~n g,~~n in thc m~nner designated herein. I
IS. Uaitorm Mortga~e; Gorersla~ Law; SererabWty. This form of mortgagc comb~nes un~furm co~enants for national usc
j and non-uniform covenants with limited variations by jurisdiction to constitute a uniform serurity instrument covering real
' propert~•. The state and tocal laws applicable to this Mortgage shall be the laws of the jurisdiction in w hich the Propertr• is Ixated.
` The feregoing sentence shall not limit the applicability of federal law to this Mortgage. In the e~ent that an}~ provision or clause of
~ this Mortgage or the Note conflicts with appii;.able law, such con(lict shall not affect other pro~•riuns uf this `lortgage or thc
` Note which can be givrn effect without the conflicting prov~sion, and to this end the prmisiuns of the Mortgage and the tiote are
~ da:lared to be severable.
16. Borrowers Copy. Borr~~~«r .h:ill hr fiirn,~he.l ~~+nfrrmed <<~, ~~~t thr ti~tc an~1 ~~f Ihic '~tUrtgage aI Ihe time
~ of executian or after re~i~rdation here~~f
17. Transfer of the Properl}: Acsumption. If all ,~r ::n~ `.~rt ~~f thc Pr~~pert~ :+n intcre~t thcre~n i~ :;~ld or transferred
~ b} Borrow~er without I.ender's pn~~r writtrn _~~n~cn~ ~~,ludin~ the ~rr.iti;~n .+f c~ Gen ~~r en~umhrari:c tiuhc~r.i~nate to
~ ~ lhis ~ortgage. (M the creati~~n rf a purrhatie mnne~ .«uril•. enierect f~~r h,~~iceh~~1~1 ap~+L;~nc~c. Ic1 tran~fer h~• devise.
~ descent or b}• operation of I:,H i~pc~n the ~leath .~t i~~~nt t~n:int ~~r ~~t~ ~he cr~~nt ,~f .~n~ Ic.~tehnld interest ~~1 thre~ cear~ or lecs
' not containing an ~ptiun tn ~~irchase. t cn.ier ma~. ,~t i rnder~. :~~t~~~n de.lc,re .~Ii thr ,um~ serured h} this ~1~rtgage to bt
- immediatch• due and pa}•aMr. I rndcr th~ll ha.c ~..~,~ed .u~h ~~pti~m :~~.elerete ,t ~ri~r t~~ the .alc ~~r fransfer. I.ender
antl the person to µhc~m the Prnpert~ i. I~~ he tiu!.1 ~~r ir.in~l~rrcd rca~h .~err~m~r.t in ~rit~ng thal the cre~~t i~f tuch person
is satisfactor} to t.en~ier and that thc intcr~.t ~+a~.~hl~~ ~.n th~ .um. cr:urcd h~ thi. \t~~rt~aRe shall bc at sn~h rate a5 Lender
shall request. lf Len~er ha5 wa~~eJ thr :~pt~~~n a;crl~r.~tr pr~•tiii1~J ;n th~. ~+.ir:ler,~~h 17 an~1 if B~~rr~~wer't ~uccessor in
interest ha~ executed a~ritten as~umphe~n .~cr~em~nt ac~r,,tcd in ~~ritmc h~~ I ~n.kr I rn.ier ~hall rel~.s.e Bc~rroµer from all
~ obligations under this ~i~rtgaec and thc ti~,tc
If Lende~ e~erci~e, ~uch uph~~n t~~ ::~rlrr,~te I en.~rr .h~.~ll m:ul f;~+rr,n~er n~~hce ~~f .~.:elerati~~n in ,i~~~rdance u~ith
~ paragraph i4 hereof. Such notice ch:~l! pm~~rde ~en~~:! ~~f n~~t l~t. ~h:3n +(1 ~1,~~. fmm the date the n~~tice i, mailed within
~hich Borr~~«Cr ma} r~~: ihe tur.:c de:l.~reei diir I( B~irri~~.~rr t.~il~ ~.i~ ~+~.h cumc ~nvt t~ ihe e~pir.ih~~n i~f ctt~h period.
~ i cndcr mati. ~ith~~ut (urthcr n~~t~~r nr ~I~m:~n~ ~~r t?~•rr~~..~~r. ;n~~~~.r :~n~ n•medie5 nerm~tlcJ hti ~ araera~h 1R hereof.
\Oti-1,\IFOk~t C~~riF~a~T~ H~rr~~wer and I cn~ier further c~~~cn~nt .~nd ~g~re :i~ f~ll.~w.
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18. Acceleration; Remedies. Ercept at pm~ided in paraRrapF. 17 herenf, upon Borrower'~ breach of am covtnant or
~ a~reement nf BorroKer in Ihi~ 1Torl~a~e, includin~ Ihe cu.enanl~ tn par ~.hen dne an} sumti secured b~ this 11ortR~~t, Lender
~ prior to acceleration tihall mail nntice to Rnrrower a~ pm~ided in par:~~:raph 14 hereof tipecif}inR: (1) the breach; (2) the aetion -
e required to cure su,h brereh; (i) a date, not lew than 30 da~~ from the date the notice ic m~iled to Borrower, by µhich sueh
~ breach must be cured: and (4) Ihal failure tn cure ~uch breach ort ~~r before the date specified in thr notice may resolt In
~ acceleration of Ihe sums secured b~ Ihi. ~1~~rt~:~~e, foreclo.ure bc judicial prnceedinR ~nd ~~le of the Pmpertr•. "Il~e notks
~ ~hall furthcr inform R~rrnNCr of Ihr ri~ht to rcinrl:~tc ~fler accclcralion and the riRht to ac~ert in the foreclosure proctedin~
Ihe non-eiititence of a default or an~ other defen~e ~~f RorrnNer to acc~•Ieration and foreclocure. If the brtach is not eurcd on
~ or before fhe dale specified in the notice, l rnder al I ender'~ npti~~n ma~ declare all nf Ihe sumc secured by this ~lortg~t to bt
~ immediatel~ duc and pa}able ..ilhoul fu?iher den~and and ma. f~~rccln~c thi~ ~1nrt~aRe b} judicial proctedinR. Lender shat)
~ be entitled to collect in such proceedinR all e~pemee oi f~~re.lo.ure, includinR, but not limifed to, reason~ble attornty's [ees.
~ and costs of documentan e.idence, abslractc and ~iNe reportc.
~ 19. Borrower's Riqhl to Reimt~le. tic.twith.tandins I ~n,1cr'~ a~~rler:~t~~~n :~f the ~umc Se:ured by th~s Mortg~ge.
Horro~~e: shafl h.~~~e the nght tc~ ha~~e anc ~m;eedinti~ he~~~n h~ 1 ender t~~ enforce thi. ~1~rtgage discontinued at anY timt
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