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lcnder's writttn a~rc~mrnt or ap~li:able law. Borrov?cr shall pay the am.~ui~ ot ~11 mortgage insurance prcmiumc in the
manner prov~dcd under paragraph 2 hercof. '
!1ny amoanu disburud by 1_trtder purcuant ta this par~giaph 7, wiih intercst thercon. shall become :ddi~ional ~
inJeMedn~sc of Borrower szcurcd by ih~s hlortgag~ l.'nle.ti Borr ~er anJ I.enJer agree to other terms of paymem, cuch
amounts shal) be payabk upon no~ice from I.ender a~ Borrow:r reyuec~ing payment thereuf. and c~iall tkar intercst from the
~1ar~ p( ~1~ch~~rsp~nrnt Af the rate nayablr frnm lime to time on outitandinR RrinCip2) undtr tht NOte unless piymeDt Of t
ineerese a~ sucn rait wouiu oc cunira~.• i~~ appi~~a'vic ia... ~~i » ~~c ~ ~'.'c;~. ' : ~4: ti~. ~;s t-lt ;
permissible under applicable law. Nothing contained in thi~ paragraph ~~shall requirr i.ender to incur any expense or take ~
any action hereunder.
ies~etion. Lender may make or cause to t+e madr rra~onahle eniriec uFx~n and in.pcciiunc ot thc Pruperiy, p~ovi3tJ
that [_ender shall give Borrower notice prior to any such inspection ~{~ecifying reasonable ca~ise there(or related to Lendtr's
interest in the Propeny.
9. Coademu~tion. The proceedc ef any award or cla:rrs for damages, direci or a~na,uential, in connect~on with any
condemnatian or other taking of the Property, or part Ihereof. or for conveyance in lieu of condemnation. are hercby assigned
and shall ~x paid to Lender.
Tn the event of a total taking af thr Property. ~he prckeeds chall he applie.i t.-? ~ho cums secured by thic Mortgagt.
vvith the ercess. if any, paid to Borrower. in ihe event of a partial taking ~~f the Property, unlec~ Borrower and I_ender
a~herwice agrer in writing. there shall t~e applied :n the cums secured b~~ thic Mortgage cuch proportion of the proceeds
as is equal t~ that propo~tion w•hich the amount of the sumc crrured by this ]1lortgage immediatel~~ prior to the date of
taking bears to the fa~r market valuc of the Fropcrty immediateh• prior io tfie Jate ot tak+ng. with the halance oi the proceeds
paid to Borrower.
1f the Property is abandoned b}• Borrower. or if. after no~ice h~• l.ender to Borrc?w~er that the condemnor otiers to make
an aw~ard or xtNe a claim for damage~, B~rmwer fail. t~ re~pnnd t~ 1_ender vvithin 30 da}•s after the e~ate such notice is
mailed. I.ender ic authorized to collect and apply the prc~cecdc. at 1_ender c option. either to restoration ~r ropair of the
Proper~y or to the sums secured h}~ this Mortgage.
Unles~ I.ender and Borrow•er otherwicc agree in Nri~ine. am• such applicatinn of proceedc to principal shall not ertend
or postpone the due da~e ot thc monthl~• installments r~ferrcd to in p3ragraphs f and 2 herrof or change the amount of
such ins~allments.
10. Borrower Not Released. F~~encion of Ihe time for p~~~ment ar mc~dificati~n of amortization ~f the cumc secured
by this Mort~age granted by 1_ender t~~ am• aucce~x~r in intrreat of Borrower thall not operate to release. in any manner.
the liability nf the original Borcower and Bi~rrow•cr'~ su~res•.e~r. in interest. i.ender shall not he required to commence
proceedings against such succetsor or refu~c to er~e~J time for pa}~ment or otherv?ice modify ~mnrtization of the sums
secured b~' thic Mortgage hy reason of am• demand made by fh~ ~~rieinai ~iofrow°er ~nu ~iiii~R'Ci S SiiC~C3~:*i~ ~+s ==-==e=~s=•
11. Forb~annee by i.en~er Not a Wai~•er. .Am~ f~•rhearan:e h~• Lender in erercicing am~ right or remedy hereunder, or
othervvise affarded hy applicable la4v. ~hall not he ~ wai~•er ~f ~~r preclude the eYercise of any such right or rtmtdy.
The procurement of ins~rance or the paymem of ta~ee or other lienc or chargec by i.enuer ~hall r.ot he a Kaiver of Lender's
right t~ accelerate the matunty of the indehtednecs ac~ured hy thi, MortRage.
12. Remedies Cumulative. All reme.lies pro~ ided in thi~ Mortgage ~re distinct and cumulative to any other right or
remeJy under this Mortgage ar afiorded hy law~ e.r equi~y. ~nd ma~~ he e~ercited concurrentfy. independentl}• or succecsively.
13. Successors and Assi~ns Bound; Joini aod Se~erat I_i~bilih: Captionc. The covcnants and agreementa herein
contained shall bind. and thr riRh~s hereunder shall ~nure to. the rc~~.ecti~~e surce~~rr~ and a«ignc of I_ender and Bormw•er,
subject to the prm~isionc ot paragraph 17 hereof. .All r~~~~en~ntc an~ aereementc of Borrower shall he j~int and ce~'e~al.
The captions anJ heaJings of thr paraera~h~ c•f thi~ Mi~r~gagc arr fi~r com~enience onl~• and are n~~t to he uced to
interpret or define the prm•icions hereof.
ld. tiotice. Except for any notice reyuired under applirahlr la~ t~• tk Riven in another manner. (al an~• notice to
Borrower provided for in this Mort~a¢e tihal) tx g~~~~n h~ mailinc .urh nohcc h~ rertified mail addres~ed to Borrower at
the Property Address or at such other addre.. :,s $~~rr~~~er mav deaienatc h}• notice to I.enJer as pm~~ided herein. and
Ihl any notice to LenJer shall he giv~n h~~ cenifieJ ma~i. retum rece~pt requeaed. to 1 ender's addreas s!ared herein or to
cuch other address as I.ender ma~ de~ignate b~ nc•tire t~~ Borr~Her as pr.~~•ided 'nerein. ~4ny n~~ice provided for in this
Mortgage shall be deemed to ha~•c bee~ given to Bormwcr c~r 1~ndcr..hen given in the manner decignated herein_
i5. Unifoirm ;liortRaRe: Governin~ iaw; Se~erabilih. 'I~is formofmortgagecombinesuniformcovenantsfornationaluu
and nc+n-uniform covenanu with limited variations by jurisdictio~ w constitute a uniform security insuument covering real property. The
i state and focal laws aQplicable to this Mortgage shall be the laws c?f the jurisdiction in which the Property is locaud. T1e foregaing
! sentence shall not limit the applicability of federal law to this mortgage. In the event that any provision or clause of tltis Mortgage or the
4 Note conflicts with applicable law, such cenflici shall not alFect other provisions ~f this Mortgage or the Nou which can be given effect
! without the conflicting provisi~n, and to this end the provisions of the Mortp,age and th-_ Note are d~clared to be se~erable.
16. Borrower's Copy. Borro~er chall t+r ~urn~.heJ r~~nf~~rmed copy of the Note and e.f thic Mortgage at the time
of execution or after recordation herc~f.
17. Transfer of the Property: Acsumplion. If all ~.r an~ p.~rt of thc Pn~perty .~r an interest therein ic sald or t~ancferred
by Borrower without I.ender's pri~r writtrn roncent. e~c!uding 1a? the creation ~f a lien or enc~imbrance sutx~rdinate to
tnic Mortgage. (b) the creation of a purchace mone~ cerurit~ ~nterest fc.r h~u~ehold appliancec. Ic) a tran~fer h}• devise,
descent or by operation of I~w c~pon the Jca~h c.f a j~~int tenant or I.1~ the grant of am• leasehold interest of thre~ years or less
not containing an option to purchase. Lender ma~~. at Lrnder'~ rptiim. derlarc all the ~umc cecured by this Mortgage to be
immediately due and payable. Lender shatl ha~e w:,i~•ed ~u~h opu~~n t~~ acrelerate if. prior to thc ~ale or transfer. I.enJer ~
and the person ro whom the Pro,~erty ic to ~+e SoW or Irancferred rearh aereement in writing that the :redi~ of such person I
is satisfactory• to I.ender and that the interr.t pa}ahi; ~~n thc sum~ ueured h}' thi~ ,1ort¢age shall .be at such rate as i Pnder i
shall request. If I.ender has waived the option to acceler,~te provided in thi~ paragraph 17. and if Borrower's saccessor in
interest hac executed a written assump!ion a¢rEement arrepted in writing hy i_enJer. I.~nder chall releace BorroK•er from all
obligations under this Mortgage and the N~te.
If i.ender eYCrcises such option to acrelrraie. I enJer •.h.,ll mai! Borrower notice of acceleration in accordance wit`~
paragraph ld hereof. Such notice shall provide ~ period ~~f not iesti than 30 ~la~, from the date the notict is mailed within
v?hich B~rruwer may pay the sums,declared due. If BorroKer fa:lc to pay w~h ~um~ prior tc. the e<piration ~f tuch period.
~ Lender may. K•ithout further natice ~r demand on kic~rr~~wer. im•~i.e an} remedies permitted b~• paragraph 1R hereof.
NoN-U~r:FOtt~t CovFV.~tiTS. Borrower and 1 ender further cocenant and agree as ;ollows:
18. alccelentan; Remedies. Except ~ prov3dcd in para~r~ph 1~ hereof. upon Borrowe~'s breach of any cvvenant or
aqreement of Borroaer in lhis ;tortg~~e. includin~ the co~enants to p9y when d~e any surns secured by this Mortgage. Lende~
prior to accelergtion shall mail notice to Borrower ac protided in par~raph 14 hercof specifvia~: (1) the ~c~tach; iZ) tbt ~ctio~
re4uired to cure such brcach; (3) a date. not less than 30 dsys from the daie the notice is maded to Borrox•er. by which such
~ 3reach must be curcd; and (4) tb~t iailure to ~ure such breach on or brfore 1he date specificd in the aotice msy resdt in
acceltration of tfne sums secured by this 11o..~age, forcclocure br- judicial proceeding and si3t of the Pmparty. 'Il~e notict
shalf furiher inform Borrower of the ri~ht to reir~it~te after accelention and the righl to aSStrt in the foreclosurt proceedit~
ti~e non-existence of a defautt or any other defense ot 8orrower tp acceleration and foreciosurr. If the brtach is aot cored on
or befors the date specified in the notice. Lender at Leader's opfion ma~ declare all of the sums secured by this Mort~a~e to be
immrdiately due and p~yabk ~vithout further demand and may forcclose this Mo~t~s~e by judicia! p.-ar¢~~:.:R• L=^a'r =~-_-n
be entitled to collect in such proceedin~ al! espenses of foreclosurc, includinR. but not limited to. reasonabk attorney's ftes.
and costs of documentary evidence. abstracis and ~itk rcports.
19. ~orrowe~ s Rtght to Reinstate. N~tw ith~tanding I.enJer ~ a.celerah~~ o( the sums cecured by this Mortgage.
Sorrower shall hav~ the righ: to have am procecdingc hecun h} I.ender tc. enforce this ~lortgaoe discontinued at any time
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