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1 rnJrr'c v?nllrn a~;rrrmrnl apQh.ahie I~M liurruwet tihrll pay thr am. un1 ot all m.,rtgabe inwran~e prtmiums m the
tnannrr pi~~„Jr~f undrr ~~dld~fJ(lA 2 hrrtof -
11~~y amounh dnh~~~~c.1 M 1 rn.i~r pu~.urnl tu this par.~g~aph 7. v?uh ~nlrttct ~hercon. shall hec~~me add~ti~na!
~n~~rht~d~~c~~ R~?~t~~N~r .rrund h~ ~h~. \1~~n~;agc llnlc.. 8~~?n?wcr and 1 rnJrr agrrc t~ Mhcr tcrm~ i~f paYmtM, such
am~•unt~ ~hall Ix pa~ahlc u~x~n n.~ui~ f~~~m 1 rn~r 1~~ &,rruwrr ~cyur.iing paymrnl thcrcut. and chall htar interest from tht
da~e o( dichurccment a~ ~hc ra~r p.~vahlr fmm timc tr. ~inx un outctanding principat under the 'Vote unlesc payment of
interest •rt such ~atc woutJ hr con~ran• apphcablc law, m whinc ~vrnt ~uch am~+unt~ tihall h,:ar interest at thc hiRhtu tate
pe~missibk undcr appf~cable IaN~. Nuihing c~~niaineJ ~n ~h~c paragnph 7 chall rcywre I cnder to i~cur aoy eapcnse ot take
any action F~ereunde~.
a. lnspecNon. I.ender may ma~,c rr ta 1?c madc rcaconahle ~~~riec u~wn and inspections of ihe P~roperty, provided
that 1 ender shall give &~rr~wcr n~~l~:r pri~+r 1~• am wch insperd.~rs c~,w:;fying nasonabk cause thtrefor rclatcd to [.rnder's
i~te~est ~n the Property.
9. Co~demeatioe. The proceedc ot any award or claim for damagrs, direct or consequential, in con~ectan ~?ith any
condemnation or other Iaking of the Property, or pan thereof, or for conveyanc~ in lieu of condemaation, are hetrby assisrnd
and shaN be paid to Lendtr.
in the event of a total taking of the Property. the proceeds chall t~e appl~ai to the surns se:,ured by this Mortsast,
with the eacest, if any, paid to Borrower. l~ the event of a partial taking of the Proptrt}r, unkss Borrawer and l.ender
othenvise agree in writing. there shall be applied tc. the sums secored by Ihis Mongage such pr+oportio~ of the p~lt
as is equal to that propottion w•hich the amount ~f ~he si~mc secured by this Mortga2e immed'+ately prior ta ihe daie ot
taking bears to the fair market va{ue of ~hc Propcrty immediately prior to the date nf tai:ing, with the balaoce of the pra.~etds
paid to Borrower.
If the Property is ahandoncJ bv Bormw~cr. ~r if. after notice by l.en:icr to Aorr~wcr that ~he condemaor oRtrs to ma~e
an award or x1Ne a claim For d~matie~. B~~rmwer fail. t~. re.~+c~nd to 1_ender within 30 days after the date such notice is
mailed. Lender ic authorized to collect and appl~• ~he proceeds. at l.ender's option. eit~er to res:ontion or rcpait of t~±e
Properly ar to the sum~ ticcured h~• this Mortgaee.
Unless l.en~er and Bo~rower otherwice agrce in w•rihnc. any cu.h application of praceed~ to principal ahall not eitcnd
or pcistpone thc due date of the moMhly instal)ments rcferred to in paragrapht 1 and 2 itettuf nr changt the amount of
~uch installme~ts.
10. Botrower'.~Iot Released. Extension of the ~ime for payment or madifica?ion of am~ctizati.~s~ of the sums secured
by this Mortgage granted by Lender to any cuccezsor in interect of Borruwer ~hall not o~erate +.o rekase, in any manne+~.
the liaeifity of the original Borrower and Bc?rrower'~ succescorc in interect. I.ender shatl no: b~: rcquired to eommenca
rroceedings against such successor or refuse to ertertd time for payment or othcrwise mc~d:fy c.mortizabon ot thr cums
cecured by thic Mortgage hy reason of aryr demand made b~• Ihe oriqinal B~nrrower ar:d Borrowris succ~ssors in inte:tct.
' 1l. RorbeAnnee by i.ender Not a Wslver. Any forhearance hy I.ender in exercising any right or remcdy hereim3tr, o:
otherwise aftorded hy app4icable law, sha11 not be a waiver oi or preclude ~he exer_:se o~ any such righl or rt~~r.f:;
The procurement of insurance pr the payment of ~axes or other liens or charges F~~ Len.;e~ sb:-li n~t tx a waive: ut ~erw~ :t':
right to accelerate the maturity of the indebtedntcs cecored hy this Mortgage.
~ 12. Remtdies Cumulafi~e. All remedies pmvided in this Mortgage are distinct a~~d cur.~ulafive to a~y othP~ ,-:y ~ .
~ remedy under this M~rtpagc or aflorded by law or equity, and may be exerci~.ed coocurrer,tly. ,nde~xndendy or .c..-ce~si~ ~
' 13. Snccessors and Assi~ns Bound; ../oiM and Se~eral Liability; Gptions. The co~•enanes and agrecr.•e^:s t.:::.
contained shal! bind, and the riRhts hereunder shall inure to_ the respective successan and usi~,~rt ~f i.ender ;M.: ~1rr.>~..~ •
' wbject to the provisions of paragraph 17 hereoL All covenants and agreemen~x cf Bonuwc ~ shall he j«ir~{ anc~ se,
~ The captions and headings of the paragraphz of this Mongage are for convenience ~n1}• _~n3 a:t not t.~ be rt~ci ?
interpret or define the provisions hereof.
14. Notice. Except for any notice required under appticable laK• to t+e given in an~tF~tr rt~anner, (a) any n;. :
1
Borrower provided for in this Mortgaee shafl be given by~ mailing such ~otice by certifi.:~ mai~ addressrd to F;orr.•---
the Property Address or at such o~her address as Borrnwer mav desigoate by no~?ce to T.ee i•r as rrrnided ~~er~ir.. .~~~:i
Ib) any notice to Lender shall he given by certified mail. return receipt requecied. to I ender s addrets stated he!ei~i or
~uch other addrcss as I_ender may decignate b~~ n~tire t~~ Bnrr~~uer as rrrnided herein. An}~ iotice prov~drd to. •z ~
Mortgage shall be deemed to have t~een giren to Borrower or 1_ender when giveri in thc ~tian~~er designated ht~::in.
1S. Uniform Mort~a~e; GoverninR taw; Severabilit~. This form of mongage cornbines u~.iform covenan:- f~r nFiio~> .
?ise and non-uniform covenants with IimiteJ variations h~ junsd~ction t:~ c~nsti,ute a u~~~Fo•m securi~y instrurr~•-r.t cov~•~::~;
real property. This Mortgage shall be governed hv the law of the jurisdiction in which the Property is lucated. lo ?ht
~ event that any provision or clause of thic Mortgage c+r ~he Note rnnf4icts W~i~h appficabte iaw, su~h ronfliet sE~al3 r.c~t af~e Y
~ o~her provisions of ~his Mortgage or ~he N~~te ahich can be g~ven eSrct u~ithout the ee~~iictiog Qrovi~ic aa~: t^ .
' end the provisions of the Mortgage and the Note am ~leclared to he seve~ able_
~ l6. Borrower's Copy. Sorrower sfiall tk furniched ~ conformed ~op~• of the Note and ef this Mortgage a! tf?f ~ tr~ ~
~ of execution or after recordation hereof.
~ 17. Transfer of the Property: Assumplion. If all or an}~ part of ~tie Property or an intert~t therein is sold o- transf!rre?
; by Borrower without I_ender's prior wnn~n ~onsent. e~cluding (al the ~reation of a litn or encumbrance suborJmate to
~ [his Mortgage. (bl the creat~on of a purch~ce m~~nrv ~eCUrity interest ior houseTold appliances, (e) a t~ancfer hy devi~_.
~ descent or by operation of law~ upc~n the dcath ~f a j~~int tenant or (dl the grant e[ a~~y leasehold intercst of thrcc ycars or ~tcs
; not containing an option to purchase, I.ender may. :,t I ender'. uption. dc:l~re all the sums secured hy this Mortgage 10
; immediately due and payablc. 1 ender chall ha.c u:~~.rd surh opuon to a::r~~rate if, prior to the cale or transfcr. Lcndcr
~ and the person to whom the Property ic t~. be .c~l.l c,r tsansferred ieacfi agrcrmcnt in writing ~hat the credi~ ~f wch per.a~n
is satisfactory to I.ender and Ihat the inler~.t pa~ahle ~n the sums ucured hy thit blortgage shall be at si~ch rate aa I.ende~ "
~ shall request. If Lender has waived the opt~on t~ accelerate provided in this paragraph 17, and if Borrower's wccessor ~R
t interest has executtd a written assump~ion agreement accepted in writing by Lender. I_ender shall release Borr.~wer from a!I
obligations undtr this Mortgage and the Note
If l.ender ezercises such option t~ accelerale. LenJer chall mail Borrow•er notice of acceltralion in accardancc H•~~h
paragraph 14 hereof. Such notice zhall provide a period of not lesc than 30 dayc from the date the notice is mailed Wi~hin
, which 8orrower may pay the sums decl~red due. li Borrower (a~is to pay such sums prior to the eapiration of wch penc~d,
Lender may, without further notice or demand on Bortuwer. ~nvoke anq remediu perm~tsed by puagraph IR hercof.
NoN-U~tFOar~t Covex~NTS Borrower a~d I_ender turther covenant and agrce u follows: ~ y
18. Accelent'an: Remedies. £xcept as provided in paraRrsph 17 bcrcot. upoo Dorrower's brcaci~ o( aay co~easal or
agreemeot of eorrower In this Mortg~e. includin~ the covcnants to Qay when due aay sums sce~rcd br tkk Mort~a~e, t.endcr
prior to accekrstbn shdl mail nofice to Borrower as prorided in psrsgrsph 14 herco[ specityin~: (1) tbe breach: 111 the adbn .
requlrcd to core snch bresch; (3) s date. nat less than 30 dsys trom the dite the aotiee Is mailed to eorrower. by which sucl~ ?
beeach inust be cared; and (4) that Eaiture to cure stich breach oa or beforc the date specified in the notke mar resnN in
sccekration of 1he snms secured by Ibis Mort~a~e, fo~eclosure by judicid Proceedir~ and sak of the Pmpeety. "[l~e notke
sbdl.further inform sorrower of tbe riRht to relnstate ~tler accekntion and tbe ri~ht to asserf ia fhe toreclosaro proceedi~
tbe non-existence of a defauN or anY olher aefence ot Borrower to ~cctlention and [oreclosurr. It Ihe bresch is not cnred o~
or before the dste speciC~ed i~ the notice. I.ender t.endts's optbn nssy dcclare sq ot the su~ seetired by thfs Mort~a~e to be
immediately due snd paysble without further demand and msy foreclose thls MortRa~e by judicW proceediu~. [.ende• chall
be eotitled lo colltet in such proceedi~ all t:penses ~~f foreclosere. includin~, but pol limited to. reasonabk sl~.?rneti's ftes.
and costs of documeotary evidence. sbstrocts and ~ille reports.
l9. don+o~ret's Ri`ht to Reinsta/e. ~iotw~lh~tand~ng I endtr's accekrat~on of the sums secured by tfi~t Mongage. y
Borrower shal) have Ihe r~ght to ha~e am pnxerdin~: tx~un b~ Le~der to enforce thn M~rtgage disconUnued at ~n}~ ume
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