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Lendtr'~ wtittta ~rrem~nt or applirable law. Borrower shaU pay tAe amouu~ ot all mortgage insf/Yw~?prtmiums in tho
manner provided under paragraph 2 hcrcof.
Any amounts disbursed by I.ender pursuant t~~ this par~graph 7, wi~h intertst thercon, shall become additional
indebtedntss of Borrowe~ xcurcd by Ihis Mortgage l'nle.c Bormwer anJ i enJer agret to other terms of payment, such
zmounts shall be payable upon notice fr~m I ender ~i~ Bormwrr reyueti~ing paymrM thcreo(. and chall txar interext fram the
date of disbursement at ~he nte payahle fn,m time m ~ime an oiUstanding principa) undu the No~e unless payment of
interat at such nte would be contrary Io applirable law•_ in which event such amounts thall txar interest st Ihe highest ntt
permisstbk under applicabk law. Nothing contained in thiz paragraph 7 chall require [ ender to incur any expense or take
any action hercunder.
f. I~ettio~, l_end~r may make or cause to he made reaconahle emriec ~ipon a~d inspcetionc ot ttx ProE+erty. provided
that I.ender shall give Borrower naticc prior to any ~uch intpecti~n ~~cifying reascx~able cauce therefor related to I.ender's
interest in the Property.
CoMt~aaatioo. The proceedc of any award or cla;m for damaees, direci or comeyuential. in connection with any
candemnation or other taking of the Property, or part therrc.f. or for cnnveyance in fieu of condemnation, arc hercby assigned
and shall be paid to Ltnder_
In the event of a total taking o( thc•Pro~n}•. the rnxeeJs shall bc a~plied t~. the cums secured by this Mortgage.
with the excess, it any paid lo Borrower. In thc cvent i~f a partial talinF i~( the Pro~+ertv unle~a Borrower and Ixnder
otherwist agrct in writing. lhere shall be applicd t~ the wms seciire~l M this Mi~rtea~te ~u~h proportion of the proceeds
u is equal to that proportion which ~he ~mount u( ~ht cums ~rrurcd h~ this A1~rtg:~~;c immediately pri~r to the date of
ta'~in~ bears to the fair ma~ket value of the Pro~xrt~ ~mmrd~~telv ~ri~r t~ the ~la~e ~~f taking. wi~h the halance of the procee~s
paid to Borrower.
If the Property is abandoneJ hy Borr~,wer. ar if. :~ft~r n~~tice hy Lender to Aorrowcr that the condemnor otTers to make
an award or stttle a claim f~r damaee.. Rurr~~+ver fa~ls tr rc~~x~nd te~ Lender w~ithin 30 da}•s after the date such notice is
mailed. I.ender is authorized to collect and appl~• ihr prckeeds. at Lender's option. e~ther to re~toration or rcpair of the
Properiy or to the sums secured by this Mortgage.
Unless Lender and Borrower otherw•i~c agrec in writing. any ~u:h appiiration of prc•cecds to principal chall not exlend
or postpone the due date of thc monthh in.t:,llmcnr, rr(crrcd t~~ in ~:~raeraph~ I:~~d ' herc~~f or chanqe the amount of
such installments. -
l~. Ibrmwer Not Reltastd. Frten~i~n ~~f the ~im~ f~~r ~,avmem ~r m~xlifiration ..f am~rtization of the wmc secured
by ihis MortRagt granted by Lender to am wcce..nr ~n intrrest ~~f &~rrc.uer shall not operate to release. in any manner,
the liability of the origina) BorroNer snd Rnrr~wrr'. w..rs,~~r. ~n interect Lender shall n~1 tx required to commence
proceedings againtt such success~r i~r refuse t~~ eatrnd hmr frr ~avment ur other..i~e m~dif~• ami~rtizatian of the sums
secured by this Mortgage by reatun of em dem:~n~i m:~de hy the urigi~a) Rnrrowtr and H~rrow•er's ~uccesu~rc in interest.
11. Forbearance by I,ender Not a W~iver. ~~ny furtkaranrr by Lrndcr in eYCrci~ing any right ~s remedy hereunder. or
otherwise aBorded by applicahlc law. ch:i?I nnt tx a N;~iter ~~t u~ preclude the eaercise ~f ane ~uch right or remedy.
The procurement of insurance or the pa~~ment .~f taars ur ~~ther lien~ ~~r chargts hy Lender ~hall not he a waiver ~f Lender's
right to accelerate the maturi~y c,f the i~debiedne» ,r.urrd by th~~ Mortgagr
l2. Remedies Cnmulative. All reme~f~ec pr~~v~drd ~n th„ '~1~~rteaFc arc ~lititmrt .~nd rumulative to am• ~~ther right or
remedy under Ihis Martgage or afT~~rded h} la~+ ,~r ryuit~. ~n.1 may Fx rxerc~x~t cimcurrc~~h•. independentl~ or succeaiveh~.
13. Successors and AsciRns Bound: Joint and Ce~eral Liabiliry; Captions. Thr cm•rnantt and aRreements herein
contained shall bind, and thc righ~~ hcrc~mdcr ~hall ~nurr t~~. Ihc rc5p~rti~c ~urctss~~r~ and assiens nf 1 cndcr and Borrower. I
subjtCt to the provision~ ~f paragraph 17 herr~~l ~II ~~~~rn:~i+t. :+nd ~grrrmrn~s i~f Bcumwer shall he j~~int and ceveral.
Tlle Ceptions and heading~ n( Ihe parngr~ph~ ~~f ;hi. ~t~rtgegc ~~rr (ur i~~nvenienrr i~nh• :md are n~~t I~~ he uced to I
interpret or define the pro~icii~n~ here~f.
14. Notice. Except for any nohce rcyuirr~f un~lrr app~~~et~Ir l:iw t~~ hr ei.•rn ~n an~~ther manner. (al ~n~~ notice to
Borrower provided for ~n this M~rteaee ,h:~Il bc e~~rr by n,eiling ~u:h r~~lirr b) crr~~ficd m:~il addrrssed a~ Bormwer at
the Property Addrest ~r at cuch i~thrr a~Wrcss a. R~r;,~~ver niay de~~gnatc hy n~~~i~e tn Lender as ~r~•vidcd herein. and
(b) any notice to I.ender shall he ~i~en b~ crri~tir~t m.+~! rrturn rr:r~~~t rryueitr~i. t~~ Lender'S addrcc~ statrd herein ~r to
such other address as l.ender ma~ dr~i~~:,tc hy nrli,r tu B~~rn~wrr a~ ~nw~dr~l herc:n. .Any n~tice pmvidcJ for in this
I?lortgage shall be deemed to ha~e txrn crvrn R~~rr~~..rr ~~r Lrnder whrn F~vcn in thr manner de~ignatcd herein.
j 1S. Usitoren Mori~a~e; Governin~ L~w; Sevrrability. This (~~rm ~~f mi~ngage c~mhines ~iniform c~venant~ (or national
` ux and non-uni(orm covenants with Iimit~J ~anati~~n. hy iun~d~.~i~~n tn ~nnstitule a un~form ~ecu~ity in~trumcnt rnvering
; rcal properry. This Mortgage shall he F~~vrrnrd by th~• law ~~f thr ~untiJicn~~n in which the Propertt~ kxated. In the
6 event Ihat any provision or cla~itie thi~ !~t~rtgaer vr rhr \~~ir :rnfli~ts with ap~licahle law. sunc ~~nflicl shall not afiect
~ other provisions uf thic MortgaRe ~~r Ihe ti~tr ~~h~,h ~an hr g~tirn e(Te~t uitht~ut the conNic~ing pr~ricion. and to this
end the provisions of the Mortgage and thr N~~ir arr clcciarcd t~~ hc se~•crahle.
16. EorroNer's Copy. BorroKCr ~hall hr (urnnhr~l a crnf~~rmcd r~~pti ~~f Ih~ N~te :inJ ~~f Ihis 1?tortgagr at the timc
s of execution or after recordation hercof.
& 17. Tnrisfer of the Property; Acsumption. If all ~~r A!l}I ~.vi c~f thc Pn~~rt~~ <~r an inrerett thercin i~ tc~ld or trantferred
~ by Borrower without Lender's prior ~+riurn ~~~ncrn3. rx~luding la1 thr cre:~ti~~n ~~f a li~n ~r enci~mhrance suhordinate to
~ this Mortgage, (b) the creation of a purchair m~~ney ~ecurit~ ~nterest fc~c hi~uuh~~ld applianreti. (c? a tran~fer h}• devise,
dexent or by operation of law upcm the drath ut n iuint tenart ~~r ffi the eram nf A(1\ ICdS~fl(~,d i~terest ~i threc }cars or lesi
not containing an option to purchase. lender may. at Lrnder's rpt~~~n. derlare all thr wm~ secured hy this Mortgage to be
~ immediaitly due and payablc. I ender shal! have w:u~cd w:h ~~pt~rn tr .~crclerate if ~ri~~r t~. thc sak ~~r transfer. I.cnder
and the person to whom the Pmperty ic t~~ be ~old ~~r tran~ferrrd rtaih aErerment in Hnt~ng that the cred~t ~~f wch person
is salisfactory to Lender and that the intefr.t ~a~ ahlr c~n thr ,ums srrured h} lhi. M<~rtgage chall be at such rate ac l.ender
shall request. If 1_ender has waiveJ the e.pi~~~n te~ arrrler,~tr prrnideci in thiti par,icraph 17. and if Ac~rmw•er's successor in
interest ha~ executed a written as~umpiinn agr~emrnt aicrptrd in writing h~~ Lcn~tcr. Lender ~hall relca~e B~rrc~wer from all
~ obligations under this Mortgage and thr N~tc.
~
If Lender exercices ~uch option ti~ a:relrratc I rn~irr shalf m:~il Bc~rr~~wer n~~hr< <~f ;icieleratinn ~n a:cordance with
~ paragraph 14 hereof. Su:h noticc ~hall pmvidc a prri~~~i ~~f nnt Ics. thar~ 3n d:~ys from thc datc the nuticc is mailed within
~ whieh Borrawer may pay the sum~ declared due li R~~rr~~~vrr (:+ils t~. pay cuch ~iimc p;ii~r t<~ the rxpiraU~n ~~f tuch period.
l.ender ma}•. withe~ut further n~tice i~r ~!~_n~anc! ~~n R,~rrr.wrr. ni~~~kr any remedies ~ermillecl hc paragraph 1R hereof.
~ NoN-UNiFORM CovEtv~vTS. Borrower and i ender further co~•rnar~t and agrce a~ follows~
r: 18. Accekralion; Remedies. Fxcept ac pro~ided in par~r~ph 17 hereof, upon aorrower's breach of any co~enant or
~ agreemtnt of Borrower ifl this MorfRa~e, includinR the co~enants to pa~ when due an~ sums securcd by this Mort~~t~ [.eader
~ prior to aceekratan shal) mail notice to BorroMer as provided in para~rtiph 14 hereof specifyinR: !1) the breach; (2) tbt action
;
~ required to care wch breach; (3) ~ cl~te, not lesv than 30 da~ti fn~m Ihe date fhe notice is mailed to Borrower, by w~hk6 sueh
~ brtacb must be cured; and (0) Ihat failure to cure such breach an or before Ihe date speci6ed in the notice tnay resdt in
~ aceekn~tion of the sums securcd by thic Murt~age, toreclosure by judicial proceedin~ md safe of the Property. '[l~e notjce
~ shall (urther inform Borrower ot the ri~ht to reinstale aflcr 9cceleration and the right to ~ert in tht fortclosure proceedin~
tbe ooa-existence of a~fauk or anv other defense of BorroNer to acceleration snd foreclosurc. if tt+e breacb is nof eared oe
or betore t6e d;te spcci6ed ia tbe natice, I.ender al I.ender's option mar declare ~fl of the san~.c ucarcd by t6~s Mort~~e b be
~ imerediatdy due and pa~~abk ~ithout furtber dem~nd and may foreclose thls MortSaRe by judicial Proceedie~. I.ewder s6al1
be eatkkd to coHeeK ia such procecdin~ a!1 expeoscs of forcciosurc, includir~, but not Ba~ited to, reasonabk stloreey's [ets,
~ sw! c~s1s ot documestary evidencs, abstncts and titk reports.
~ 19. Dorrower's R~bt to Reiastate. Notwithttending LenJer's accderat~on af the sums sccurcd by this Mortaage.
~ Borrower shall have tht right to have any proceedings hegun by Le~der to enforce this Mortgage discontinued at any tirn~
~ sn~c~ P~ ~
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