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Leeder s wrinea ajraaacnt or appucabk law. Borrower shall pay the amoun~ o[ all nwrt~e insurac~oe-ptemiums in tbo
maaner provided under panaraph 2 hereot.
Any amounts disbursed by i_encier punuant to this paragraph with ioter+at thercon. shall become additional
indebtcdn~ss of Borrower secur~cd by this Mortgage Unl~.s Borrower and l~ndcr agret to other ternns of payment, sucfi
unounts shal) be payabk upa~ notice irom I.ender to Sorrow•rr ~eques~ing payment lhermf, and chall bear irtte~est frwn the
date of d'nbursement at the nte payahlc from time to time on outstanding principal under the Note unlest payment of
interat at such nt~ vrould be contrary to applicable law. in which event such amaunts shall hear i~terest at t!k hightsi nte
permissible under applicabk taw. Nothing contained '+n this paragraph 7 sfia11 require I.~nd~r to incur any expenx or take
any action hercuuder.
s. Iw~teliM. Lender may make or cause to be made reaconabl~ emriec eiFwn and inspectionc ot the Pmperiy. provided
that C.ender shall give Sorrower notice prior to any such inspection cpecifying reascx~abk caux therefor related to Lender's
intertst in the Property.
Coaiew~ado~. The proceeds of any award or claim for damages, direct cx con.ryuential. in connection with any
condemnation or other taking of the Property, o~ part thermf. or for conveyancc in lieu of candemnation. a~e hercby assig~ed
and ~hall bt paid ta Lendes.
1n tbe event of a total taking of the Pro~+erty. the proceeds shall he appl+ed t~ the a~ms securcd by this Mortgage.
with the ezcess, if any paid to Borrower. In the event of a partial taking of the Property unlecc Borrowcr and [.ender
otfierwise agrce in rvriting. there shall be applicd to the ~ums securcd b~~ this Mortgage c~ah proportian of the proceeds
u is tqual to that propottion wfiich the amount of the sums 'secured hy this Mortgage immrdiately prior ~o the date of
taking bears to the fair market vali~c of the Prop~[~y immediat~ty prio~ to tht date ot taking, with thc balance of tfie proceeds
paid to Borrow~er.
If the Property is abandoned by Borrov?er. ar if. afternotice hy Lender to Bc~rrower that !he co~demAor offers to make
an award or settk a claim for damaget. &~rrower fai{s to respond tc. Lend~r within 30 d~ys after the date such noticr is
mailtd. Lender is authorized to coilect and apply the proceeds. at Lender's option. either to rettoration or repair of the
Propeny or to Nx wms securtd by this Mortgage.
Un{tss l_ender and BorroWer othe~wise agree in writing. any such appliration of proceeds M principal shall not extend
or postpone the due date of the monthly installmcn~s rcfcrmd to in ~aragrapfi~ 1 and 2 hermf or change the amaunt ot
such installments.
1•. Eorrower Nof Rele~ed. Ettension of ~he Iime for pavment or mc~difiralion of amortization of tht cums secured
b~r this Mortgage gnnted by 1_ender to any cucceccor in in~rrest of Borrower Shall na~ operato to rekase. in any rnanntr.
thc liability of the original Borrower a~d &~rrowrr s success:~rs in interect. lender shall not be required to commence
proceedings against such successor or refuse to extend time f~r payment or othen.ice modify amortization of the u~ms
securtd by this Mortgage by reason of am• demand madc by ~he original Borrower and Bormwer's succes~r~ in intercst.
11. Forbearance by l.ender Not 9 Wairer. Any forhearance by Lender in exercicing any ri~thl nr remedy hereunder, or
otherwise afforded by applicable law. shall not he a vwaiver of or preclude the exercise of am~ ~uch right or remedy_
The pro~urtmtrtt of insurpnce or the palmcm of taxes or ~~ther liens ~~r chargrs hy Lendtr ~hall not he a waiver of Lende~'s
right to accelerate the maturity of the indebtedness ie~,ured 6y this Mnrtgage_
12. Rt~edies Cumnhti~e. All remedies pmvided in thi~ Morteagc are distinct and cumulative to am• other right or
remedy under this Mortgage or afTorded by laN• or equity. and may hc exercised concurrenity_ independentl~• or successively.
13. Soccessors,aqd A~ns Bo~md: Join1 and Sereral Li~bility; _Captions. Thc covcnants and agreements herein
eontained shail titnd, and the rightc herrunder shall inure t~. the res~rti~~e successe~rs ar+d assigns of i.ender and Borrower_
suhj~ct to the provision~ of paragraph 17 herc~~f .Afl rn~~en:~ntt and agrcements ~i Aormwer shall hc i~~int and several.
The captions and headingc nf Ihe paragr~Qhs ~f thi~ i~1urtgigC arc fur .i.nvenience only and am nM to be used to
interprct or define the provi~ions hereof.
14. •Notict. Except for any notice reyuirrd unek~ appn~ahlr law t~. he gi~•en in another manner. (al any notic~ to
Borrower provided (or ut this Mortgaee sha!{ be givrn by maiting wch n~.lice by rertified mail addressed Ic. Borrower at
the Property Address or at si~ch othcr address at Burr~~wer m,ry de~~gnete hy n~~~+ce t~ Lend~r as psc+~idcd herein. and
(b) anp notice to Lender shall t~e givzn b~~ cer~~fieJ mail. rrturn receipt reyuested. t~ Lender's addrccs stated herein or to
I sueh other address as Lender may deci~nate hy n~tice tu B~.rr~~wer ac pmvidrd herein. Any notice pmvideJ for in thic
lltortgage shall be deemed to have been grven to Bc•rn~Hrr or Lcnder when givcn in thc manner de~ignated herein.
~I lS. Ueiform Mort~~r. GoverninA Law: Severability. Thiz fnrm of mortgagc c~mhi~es uniform covenantt for national
'I use and non-uniform covenants wit{~ limite~l ~•ariation~ hy jurisd~~ti~in tc• r~nstitute a imiform security instrument rnvering
f real property. "i~is Mortgage shal~ be governrd by thc law c,f the jurisclictian in which the Property is I~xated. In the
~ event that any provision or claute of thic Mohgace ur the Nute c~nflicts with app{icahte faw_ such conflict shall not atfect
~ other provisions of this Morigage or the Notr which can bc givrn e(Tecl N•ithoirt the coRfticting pmvicion. and to this
~ end the provisions of the Mortgage and ~hc Kote are dtclared ~o he severahle.
16. dorrowe~'s Copy. BorroK•er shall tn furnishe~ a c~~nformed copy of the Note anc: ~f this I~tortgage at the time
~ of ~xecution or after recordation hercof.
17. Transfer of tbe Property; Assumption. If all ~~r any par~ af thc Pr~~pert~• or an intere~t thcrcin is sotd or trantferred
by Borrower without Lender's priar writtcn con~ent. rxcluding lal the crcation of a lien or encumbranre suhordinate to
this Mortgage, (b) the crealion of a purchase money securi~}• interest fc~r household appliances. (c) a tran~fer h}~ devise,
~ dtscent or by operation of law• upon the death uf x juuit tenam ~~r 1d? the cran~ of am leaxhold imerest of threc }~cars or less
° not containing an option to purchase, tender may. at Lender's ~p~iun. declare all the sums secured hy this Mortgage to be
immediately due and payable. I.ender shall have wai~~ed wrh option t~~ acceler:~te i( prior to the sale or transfer. I.ender
and the person to whom the Praperty is te be sold or trancferrrd reach agreement in writing that the credit ~f cuch person
is satisfactory to Lender and that the intare.t papabie on the ,ums srcured b} tfii~ Mort¢age sha11 be at sucfi rate ac Lender
shall request. lf Lender has waived the option to accelerate prc.vide~ in this paragraph 17. and if Sorrower'c successor in
~ interest has executed a written auumplion agreement accepted in writin~ hy LenJer. Lender sha11 relea~e B~rrower from all
obligations under tfiis Mortgage and tfie N~te.
If Lender exercices such option M accelerate, Lender shall mail B~rsower n~tice ~f accelerati~n in accordance with
~ paragraph 14 herec~f. Such notice shall provide a pericxi ~.f n~? les, than 3f1 days frnm the date the notice is mailed within
w•hich ~orrower may pay the sums declared due. tf Borrower fails i~ pay such aums prior t~ the ezp~ratic,n nf ~uch period.
~ f_ender may_ witho~t further nntice or demand on Bormwzr. invnke any remedies permitted b~• paragraph 1R hereof.
~ Notv-Uh~FOrent Coverv~N-rs. Borrower and l.ender further co~•cnant and agrce as follows:
l8. Acetkr~tion; Remedees. Fxcepf as provided in para~raph 17 hertof, epoa Eomower's breach of any co~~enaet w
~ agreemeat ot Borrower in tAis 411oirtgage, inclndin~ Ihe co~•enants lo pa~• w-hcn due an~• snms secured by this Mort~a~e, I.eider
prior Io aceekration shal! rea~I notice to Eorrow~er is prorided in para~caph id hercof specify'sn~: (1) tht breac6: (2) t6t setion
~ requlnd to enre such breach; (3) ~ date, not lesv than 30 days f~om the dste tl~e ootice is msiied to Borro~+cr, by w~hkh sne~
' breacb wust be currd; and (4) lhat fa~7ure to cure wch breach on or before flx dsfe spccj6ed ia the notice n~ay restlt ia
~ aecekration ot the sums securcd by this Mortbage. forectosure by judiciai proccedi+~ aad sde of the Property. Tht eetict
~ shall furiher inform Eorrower oi the ri~hl to reinstate afler acceleration and tl+e r~ht to ass~ett in tfie foreclosnrr procee~
~ the eon-existence of a defauM or any other defrn9e of Eorrower to acceleration ae~ forecbsarr. N the brsacM ~S eot cored oa
~ or Setore the date specifiei ia t6e notice. I.emkr at Lender's option may declarr atl of tt~e saa+s secsred by tric MortRa~e b be
~ i~s~edistdy due apd p:yabk r?itlwst furlber demaad snd raay forcclose this Mo~a~e ~ j~dicial ~raceed~. GeAier ~iul!
~ be ertitlei to cdkct i~ snch pmceedie; sA e:penses of torectosure, tncludiu~, bot ~ot Y~ited to, nrasonaMe atto~e~'s fea,
~ and cosb ot docomestary evidesce, abdracts md t~k rrporls.
~ 19, doemwe~s R1~tit to Rtinstate. Notwithstanding Len~er's acccie~ation of the sums securcd by this Mor'~aae.
~ Borrower shall have the right to have any proceedings hegun by tender to enforce this Mortgage discontinued at any time
' BO(~I ~C~ PdGE c~~
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