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Lrn~irt~. ~~ritt~n a~:~r~n~~•i~l ui :~~~~~h.:~h!r I.e~~. IS~~tr~~.~.•~ ~h.~!I ~~:n !h_• ;,n„~~u~t uf :,11 tn.+~1,~.~^r in.ut.~n:~ prriniuiua in llir
man~ir~ ~~:~•vi~l~.l u+idrr ~~:uarr.~ph h~cc~~l. '
~ A~?~ :uu.~unts ~li.h;inril b~ 1 en.li•~ p~~~.u.~nt t~~ thi~ {~:i~.:~~~:~F,h 7. ~~~tli ~uirrr,f t!~~tc,,n. ~h.ill h.:.~n~~ ,~~IJitic~nal ~
in.~rl+'i~l~~r.~ r( lit~rru~~rr ~r:inr~l h~ thi. \I}~r~,.:_'r l'tilr.. It~,~t~~~~c~ :~n.l 1 rml:~ a~r~r tr .+th~~ tctm~ i~f p.~t'mCnt. ~uch t
ani.,unh ~h.~ll tx p.~tahlr up~~n n,~ti:r fn~m 1 ru~l.•~ It~ur~~~~rr ~~yur~tin~; ~~.~)m:nt Ihr~r,~f. :~n~l .hall 1•~.u intcrc~t fn,tn thc ~
d:~tr ~•f .li.hur.cmrnt at thc r.dr ~~:~)~:~I,Ic (i~~~n timc t~~ tin~c ui~ ~~~it.t:~ndii~~t prin.ip:~l undcr thc T~c,t~ unk~c pa}'ment of ;
intrrr.t :it surh ratc ~~•<uil.l FK• r~~ntr:?n' t~~ appG:ahlr I:~~~. in ~~1?i:h r.c•i~t ,uch :~mi~untc .hall hcar intcrc~t at thc hi~;he~t ratc ~
pcrmi.~ihf~• a~~i~~:~?,~~ la~~• Nc~thin~~ a~nt;iinc.t in thi; pa?ar.raph 7 chall rcyuin I rn:i~r incur any c~pcn~c or take
any ;trtiun I~rre?!ndrr. .
8. lu~prction. Lcn~trr ma)~ me{.~ ur rau,.: U, hc iT~.~dr rca~~,naMr rntric, i~{~:~n :+nd in.pc.~inn, uf th~ Pr~,~,:rt)-. pm~~idcd
th:?t 1 cndrr ~hall gi~r Ru~ro~v~r noli.-r pric~r t~~ :~m- ~u.h im~ectirn ~,~~iif)'in~; rr.~,~~n:~hlc iaus~• Ihr~rf~~r rcl'~fcd lc~ LcndCr's
intrr~•.t in th~ 1'ropcrty.
9. Condcmnation. Thc E~r.•ccrd~ of anv :~~..ud ~~i cL•~im f~~r ctam:+~r:, dirc.t ~u c~•mc.~ycnti:il. in conncrtii~n ~cith any
ron:lcmn:~tiun c.r othcr takinr. ~~f thc Yropcrt~•, oi part thcrr~~f. i~r fc,r r~~nv~y:~nrc in ti~u rf cc~n~lrmnatiun. are hcrrhy at~ign~~d
and .h.~lt hr paid to l_cnd~r.
ln Ihr e~•ent of a total t:~l,in!~ c~f th~ ProE~crt~~. th~ pr~~:er.1; ~hall tx a~plie.l t~~ thr cumc ~eeured b}• thi~ I~tortgage. f
~~ith thc e~cres, if any, p:~id t~, Rorm~~er. In the e~•rnt ~,f partial taking of thc Propert~•. unlr~c Borrm~•er and I.endcr ~
otherti. i.~ ;,grec in ~vritinc. therr shall t?e applirJ t.~ thr w:nti .ecurr.l b~• thi~ ~tartcare ~u:h proporiion of the proce~ds ~
at i. equ.~l t~? that proportion ~+hich Ihc cim.~unt of thc sum~ .r:urcd b)~ Ihis ~1i~rtca,_c immeJiatel~~ ~rior to thc date of ~
taking Ix.~~c to thc fair markrt valuc of thr Pruprrt~ immrdiatcl~~ pric.r to th~ ~latc of takin;. ~~ith thc balancc of thc procceds ~
paid to liorm~~~er. i
lf thc Prop..rty ic :~bandrne.l by Borr~~~~cr. or if. aftcr noticc h}• 1_cndcr to Rorr~~~rr th~t Ihe condcmnor otfers to make
an a~card c~r iettle a claim fc+r dam~ge~, Rc.rr~+~~~er f~il~ to r~~pond tc. l enJcr within 30 dats aRcr the date such notice is
mailed. l.rndrr ic authori7cd to collect and apply th~ pr~ceed~. at I.ender'~ option. either to restoration or repair of the
Pro~rt~• or t~~ thc sums sccurcd b~• thi, ~tortka,r.
t~~ilra. I.enJer and Borro~.er othen~icc agrec I(1 N'f1II11P.. J~l)' 1UCI1 8(?~IlCation of pmcrrds to princip~l shal! not extend
or po~tp.~ne the due date of tt~~ ntonthly imtallm~nt, r~fc~rrd to in paragr~phc 1 and 2 hereuf or change the amount of
s~ich emtallmcnts.
]0. Borru~vrr 1\c~f Rrleased. 1:~tention of the timc for pa~•mcnt or modification of amortization of the sums secured
by thic ~lortgaEe granted b)• i.ender to an}~ succe~~or in intcre~t of Rorro~rer ~h~ll not operate to release. in any manner.
the liahility of the original E~orn+w~r and B~~rro~vrr', succe~se~;: in intrrect. 1.enJer shall not be requireJ lo commence
pro;.ceetings against such ~ucrestor or refutie t~. e~tend timr for payment or othenaice mcxlif~• amorti7ation of the sums
sccured b-.- ~hi. D1ort~a~e b~• rca«~n of an~• drm:m.t madr b~~ thr or:einal I4orro«•er and Iio: ro~~•er s succe~sors in in!erest.
11. Forbea~ance by i.cnder \ot a N'aive~. :~n)' f~~rtkar.~n;r h~• I rndcr in c~crcicing am• right or remedy hcreunder, or
other~ti•ice aflonded by app~icahle I:~u•, shall nut he a w•aive~ of c~r precludZ the exercise of an}~ su:h right or remedy.
The prc~curement of in:urancr or the pa~•mcnt of t:~~cs or othrr liens or charge~ b}' I.ender shall not tx: a~aiver of i.ender's
riFht t.~ accrleratr the maturit~• of the indchtrdn~ss ~e~urrd h~• tliis I~7ortgage.
l2. Remedies Cum~dative. All remeelies F~ru~ided in thi. \iortgage are distinct anJ cumulative t~~ an~• other right or
rem~_et~• under lhic htort~~gr or a(Tor~cd by Li«~ or eyuity, and ma~' txr e~ercised concurrenth•. independentl}' or ~uccecsively.
ti. Succes.tiors and As~~iRnc I3ound: Joint and Se~eral i.iability; Captions. Th.: co~enants and agreemcnts herein
contained shall bind, and the rikhts hereunder shall inure to. the rccpecti~•e succeccort and as;ignc of I.ender and E~rrower. ~
subjrct to the provision. of paragraph 17 hereof. All cu~•enant. anJ agreements of Borro~~~er shall be joint and several.
The captions anJ headingc of t`~e para~raph~ of thi~ Ai~rtga~c are for com•enienc~ only' and are not to be used to
interpret or define the provisions hereof. -
ld. \otice. Except fur any notice reyuired under applicable la~+• to be gi~•en in ariiuher manner. (a) any notice to
Borr~+~cer prrnided tor in this ~lortgage shall he gi.rn b~• mailing such notice b}• crrtified mail addressed to Aorrower at
! the Pr.~~krty Address or at cuch other aJdre.~ as B.~rr~~wer ma~- design:ite by no~ice to i.ender ac pror•ided herein, and
j (h) an~ notire to Lender sh~ll h~: gi~rn b~• certifird mail. return receipt requesteJ. to l.endtr's address stated herein or to
such othrr address as I.ender mz)~ d~+ienate b}• n~ticr ta Eiorro«cr as pm~~idcd herein. An~• notice providzd for in this
~tortg:tgc sh:ill hc dcemed to ha~~c been gi.-~n to Borr~~«~cr or (_cndcr when given in the manner clesignatcd hereirt
15. Uniform 11ort~a~e; Governin~ i_a~.: 5e.erabilit}~. Thi. form ui mortga¢e combines uniform rnvenants for national
use and n~~n-uniform co~~nc+ntc ~~ith limited ~ariationc h)• juri~diction to constitute a uniform security instrument covering
real proprrty. This I~tortgace sh~ll bc guverned M' the law~ of thc juri~diction in w•hich the Praperty~ is locatcd. tn the
event that •rny provision or clau.e of thic l~tc?rt~~,e ~r the lute contlicts ~~ith applicahle la~s, such conflict shall not affect
other prr.~i,ions of this Atortga,e or the N~te ~hich can he given efirct without the conflicting procision. and to this
end thc rro~~i.ions of thc ~t~:teaee and the \ote arc ~frcl:~red to bc severable.
16. Borrower's Cop~. Rorm~.rr chall tx furni~hrd a rnnf~rmed rop}• of thr l~ote and of thic 1ltortgage at the time
of erecution or after recordation hereof_
17. Transfer of the Yropert~•; Assumption. 1! all or am• p:~rt of the Propertp or an interest therein is sold or transferred
by Borrowcr without I.ender's prior «rittrn ~onsent, e~cluding (a1 the crration of a licn or encumbra~ce sut~ordinate to
thi: Dic~rt~agr_ (h) the creati~~n ~~f a purchace mone}• security interest fe~r household appliances, (cl a transfer by de~ise,
descent or by operation c•f I:~w~ iipon thc Jcath o( a j~irt tcnant c.r (d? the grant of am• leasehold interest of threr ~~cars or lcss
not Mntaining an option to Purchase. Lender nia}, at I.rnder'ti c~ptiun, declarc all Ihe sums secured by this :~iortgage to be
immedi:~tcly due and pa}•aMr. Lender shall hac~ K:~i~•ed such option to accelerate if_ prior to the sale or transfer. i.ender
and th; pcr~on ta whrnn th~ Pmpcrn ic to be sol.l or transfcrred rea.h agreement in Hriting that the credit of siich person
is s:?ticfact~~ry to I.ender and ih.~t the interest pa)'~bl? on the sumti secured b}• thic ;~tortgage shall be at such rate as l.ende~
shall reyuc~t. if Lender has «•ai~-ed the op,i~n to a.rtlcralr proviJed in this paragraph 17. and if Bormw~er's successor in
imcrc,t h:« c~ccutcd a w~rittrn ati~umption agreemrnt acccptcd in ~~ritinp b}• I.cn~icr. I ender shaU release Borrower from all
obligatinr~~ ui~dcr this ~1ort~:~gc and the Note.
If I.ender exrrciceti tuch .~pti.~n to acrelrr:,tc. Lender .hall mail l3orrouer notice ~f a~c~lerat~ore in accordanee with
paragr.~ph I•i hrreof. Surh notire ~h:zll pravide a period of nc•! lrs, than _l0 days fr~m Ihe daie the notice is mailed within
whi~h F3nin~.~er m~y p:r: the su~m Jeclare.l due. If B~rro~~er failt to pa~~ such tumc ~rior to the ~xpiration of such period,
Len~ic•r m.~~-. ~~ithuut furtl~cr n~~tirr or u~mand on lii~rruwer, im•~~i.~ ai~) remedics Fxrmitted b~• paragraph 1S hereof.
!`~~v-t~;~~rc~K» C'o~•~ ~atiTS. f3orrower and Lcnder further cu~~enant :~nd agrce as follows:
1 it. Acceleration; lteuiedies. Fxcepl :tc provided in paraKraph 17 hereof. upnn Borrower's hreach of any covenant or
a~;reemer~t of Borrow~e: in this ~ioriRa~e. includin~ Ihe co~enanfc te. pay ~vhen due an}• sums secured by this 1lortgaRe. i.ender
prior to acce~eralion chall mail notice to Borruwer ac providrel in para~;raph 14 hereof specifying: (1) the breach; (2) the aMion
reqoire~t tu cnre such breach; (3) a clate. not lesc Ihan 30 da~s (rom the dale the notice is mailed to Aorrower. by which such
breach must be cured; and that failure to cure such brearh un or before lhe date specified in the notice may result in
acceler.+tion of the sums secnred by this ~1orf};a~e. foreclmure by judicial proceedin~ and sale of the Property. The notice
sh•rll furlher infurm Rorrower of the ri~;ht to rein+tate after acccleration and the righf lo assert in the foreclosure proceeding
the n~~n-e~i~tence of a drf~~dt or an~~ other defen.e of RorrnNCr to acceleratiun and fureclosore. If fhe Dreach is nof cured on
or beforc Ihr dafe specified in the n~~tice. [.ender at Lender's option ma~• declare all of Ihe sums secured by this ltorfg~Re !o be
immediatcl} doe and pa}at?Ic ~+itl?out further demand •rnd mat• f~recl~?se this ~tort~:i~e b}• judicial proceedinR. T.ender shall
be enlitlyd to collecf in wch pruceedi~ifi afl expenseti ot fnreclown. i~~cludin~, but not limited ta, reasonahle atbrney's fees.
and rotif~ of document~ry e~i+lrnce. ~b.tracts and titlr teport~.
19. Kurrr~~rer's Ki~hl to Rrimlate. tiot« i~h.t.~ndin~t Lcn.l~ r'•. aca.lrr.~tion of thc sums securcJ by~ Ihis blortgage.
Norru~~ar sh:~ll ha~•r th: right t~~ h:~<< an~ prcK'crdi:i,~ ht~:un I,v I.cnJr~ ti~ cnfori~ Ihii ~tort~:~~;c discontinucd at any timc
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