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L~nJrr'c ~~riticn agr~.•~;,~ni or ~~li~e,i~•. t~urruH~r ~hall 4~ay th~ anwunt ut all murtgagr imur.m~!' j~rr~~iumc ~n thc
mann~r pr~~~•idrd undcr p~ra~raph 2 hcrcof. . ~ ' c r ~
.~m• am~•~iroc di~hurscd b}' 1 cnJcr pu~.uam tc. ~his p~ragraph 7. H•~th iNCrrcl thcre~~ri ~eh i~~ ~x~um~ addil~onal
~nJcbtednc,~ oi tiurr.~Hrr ~ccurcd b~• ~hic ~1~~r~cag~. t'nl~.. B~~rr~~~~rr anJ I rml~r a~r~c m othc~ Ic~mc of paymcut. ~uch
am~~u~~t..hall F+~ pa~•aMc ~qw,n n~•ti,c frum 1 cnd~~ ~i? B~~rr~n~rr r~yur•line pa~n?rnt ther~.,f. and.h:~ll Fk~r intrrect fmm thc
.late .~t di.bursemer.e at ~hr ralr p:+>•aMr from timc t~ ~ime on ou~c~andiag principat }~nde~ tfie Note unle;c pay~ment af
intcrrct at surh ratc ~rauld he contrar~~ to ;~ppl~.able law, io ahich rvent cuch amounts ~hall bcar interca at tKc Kighect rate
permissiMe unJcr :i~phcable law. T~othing a~ntaineci in thic paragraph 7 chal) require l.ender to incur any erpense or take
:in~~ ~ction h~reunder.
8. InspecNon. l.en~er may m:~ke or cauce ro he m.~de rcaconaMe ~nlriec upon and incpecliane af the i~roperly, prm iJed
that I.ende~ chall gi~•e Borrower noticr prior to any surh inspection ~~xcit}•in~ rcasonable c,K~x therefar related ta I.ende~s
~nter~ct in thc Pmperty. ~ ~
9. Cot~dtmnatbn. Thc prcxcedc of any aw•ard or claim for Jamagcs, direct or con~quc~tial, in connection with an~
rondemnation or ~~Iher taking of thc Property, or part thereof. ~r for conveyance in lieu o( condemnati~~n, are hereby as~igned
and xhall t?c paid to I.endcr. '
Tn the event of a total taking of the Pmperty. the procceds chatl he applied to the aumc ceeured b}~.thic Mortgage,
with the ercecc. if any, paid to Borrower. in Ihe eveM of a p3rtia) taking ot the Pmperty, unlecc B~rroaer and I.ender
o~hera~ik agree in w•ritine. ~hem shall be applird to the sums secur+ed by tfiic Mo~t~age ~uch pm~wrtion ~•f the proceeds
~s ic cqua) ~to that proportiun w~hich thc am~•unt ~f the sumc sccurcd M• this Mortgagc immcJiatcl~• prio~ to thc datc of
taking hears to the fair market valuc of ~he P~operty immediately prior to 1he date of taking. ~~ith the balaoce of the praceeds ~
paid ta Burrower, ~
if the Property is abandoned b~• BarroH•er, or if. after notice h~• LenJrr to Borro~~•cr that the condemnor ot~ers to make
an award or settle a claim for Jamage~. Borrower faih t~. res~~nd to !.ender Hithin i0 days af~er the date such nMice is
mailed, I.ender is authoriaed to collect and apply the prcxreds. a~ 1_ender ~ option. either to restoration or repair of the
Propent or to thc sums .crurcY! h~~ this 1lfortgage.
Unless 1_enekr and AorroH:er otherw•ise agrcc in w•riline_ am~ «ich appli;ation_af prcxeedc to ~arincipal sh~ll not e~tend
ar pos~~ne the due date c.f thc m.~nthly installmcnts rcfcrr~d to in p:+rneraphs 1 and ' hereof ~~r rhange the amount of
auch installments. ,
10. Borrower Not Relrased. E~tencion oP the time for pa~men~ or modificati+~n ~~f amorlization c~f the ~umc_cecured
bV thi~ M~rigag~ granted b~ i.ender t~• am^ successor m imcrc~t of Rnrrow•er ~h:ill nc~t c•~eratc to nlcase. in an~ manncr,
thc liahilit~' of thc oriQinal Borro~vcr and Bormwcr ~ su~crsti~r~ in intcrest. t rnder shall m,t hc rcquirc~l ~n commencc
procecdings against such succccsor or rcfu~ to c+ctcnd timc for payment ~r Mhcn.~icc moclif} am~~rtization ~~f thc sums
~eeured b~~ this Iliortgage by rcacc~n ~f :~nv dem:~nJ mad~ b~~ the .~rieinal Bormu~er and Borrower s cucecs~ors in interect.
f 1. Forbearance b~ i.ender ~ot a Waiver. An~• forhear~nc~ M~ Lrnder in e~erciein~ :~n)~ right e.r remcdy hrrc~m~ler, or
..therwise a(forded by applicable law. ~hall not _he a waiver ot preclude thc e~ercisr of am• sttch rirht or remed~':
Thr p~ocorement of insurai~ce or ihe~payment uf tares ~~r other liens ur charges by Lender shall not he a~~:ii~er ~~f I.enJcr'c
right to acrclc~atc thc maturit~• of thc indchtcdn~cs ~c~urcd h~• thic ~iorteagc. _
12. Remedirs Cumutativt. All remeilics pro~•idcd in thi~ ~lortgagc arc ~istinct .ind cumulativc to an)' ~~Ihcr rieht or
rcmcdy unJcr this Mor~g~gc ~r aRord~d M• laH- ~~r rquit~•. and ma~~ bc c~crciccd concurn•ntly. indcpcndcnth~ or suc.c~si~•cl~~.
13. Snccessorc and Assi~ns Bound; Joint and Se.eral LiAM'liq': Csptions. The covena~ts and agr~emcnt~ hcrein
rontaineJ ~hall hinJ. and Ihe riRhtc hcn:under shall enure tc._ the rc~~cti~'C sucre~~.~rs anJ ascigns ~~f I.ender :~nd Borrow~er. -
subject to the pro~•isionc of {+aragraph 17 hercoL All co~~enantc anJ agreemems of Borro~?•er shall tx j~~int and ~everal.
Thc captionc ar.~i hcadim,~ of thc par.+graph. of this 111nrtgag~ arc for com•cn;cncc ~nl~• and arc n~~t t~• tx used to
intcrpret or definc thc rn»icium hcrc~~f.
i4. \otice. Except fc~r any notice reyuireJ under ap~~lirahlc la~~~ f~~ he given in an~~ther manner. (a1 any notiee to
Bi~rruw-er provided for in this M~~rtga¢e shai! be givrn h~• mailini ~uch notire b)' c~rtitied mail addres~c:d tv Bo~rrni•er at
thc Propcrty Addre~c iir at ~uch othcr addn~ti as' Bi~rr~~acr ma~ dc.i~n:?tr h~• noti~c t~. 1:n~cr as pmvidcd hcrcin, and
Ihl am• notiie n• I cnder chall tx ~i.~c~ M• cerUficd m:iil, return recrirt reyuc.trd. t~~ I.;:nder ~ addrez~ stated herein or to
wch uthcr addrecc a~ I.rndcr ma~ de~ignatc b)' nutirc t~~ Borr.~u•cr as pro~ided hcrei+i_ :~m~. notic.: pr.~vidcJ for in this
~i.•rtgagc shsll hc Jccmed a? ha~~e bcen Kiven to Borr~~w~rr or I rnder ~.•hen gi~~cn. in thc manncr de,iknated hcrcin.
IS. Cnif~~rm ?~ioriRake: Gar~rnin~ I.aw; Se~crabilit}. "~hic fc~::~ of m~rtgaee r~~mbines iiniform c~~ven~mc for national
~ise and nomunifurm r~»cn:~r.tc .rith limited rariatiom b~ j:~ri.~iicti.~n tn cc.nstitute a uniforn~ securil~~ instriiment rnvering
rcai ~ropcrt~•. This ~14ortgaYe shall be govrrned h~~ the ~:lN' /~f thc juri~Jictiun in which the Properip is lixated. In the .
~~•ent th~t an~• provision or elau~e of thic ~1ort~aee ~~r the ~~~te a•nflict. .cith applicahle law. sunc ~onflict ~hall not afiect
~ ~uher pro~~.ic~m u[ thi~ ?liortcagc or th~ Not~ .~hich ran tx ui~~cn efTe:t withr~ut the c~~ntlirting pro~'ision. ancl to this '
{ ~nd the pru~•i:iumof thc ~1loriga~c an~i-t~s~\.,tr :irc ~1r~l:~rcd t~~ hc scvcrablc.
~ 16. Borrov?e~s Copy. $o: r.n~cr tihall ~ furni,he.l a e~~nf~~rmed r~p~' o! shr ~ot. and of this Murt~age at the time
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.~f c~ecution or an~r rctiordation here~~f.
17. Tr~nsfer of the Propert~~: Assumptinn. If a11 ~~r am part of thc Pn~pert~• or an intcrest thercin ic s„Id or transferred
b~• Rorruwer without Lender's prior writtrn cunsrnt. c~.-luding ~:~1 tM: cr~ati~~n of a lirn or encumbrance sutwrJinate to
thi~ ~iort~age. Ib1 thc creation i~f ~ piirchaK mun~~ ~cc~irit~- intrrest fi~r ho?~seh~.Id appliancec, (c) a transfer hy devise.
des~cnt ~:r by o~x;ration o! Inw upcm_the d~ath ~~f a j~~int tenan~ ~•r (.1? the grant ~•f am Fcaschuld interest of three vcars or less
n~~l rnntaining an i•pti~?n to purchase. I.en~er ma~. :,t I.euder'~ upti~~n, dectare all the sums secured b)~ this Mortgage to be
+mm~~iat~h ~ue and pa~~able. I ender tha(I ha~e ti.ai.ed .u~h opti~?n tc~ accelerate if. prior to the ~ale or transfer, l.ender
~n.i the per...m ta whom the Property ic to tk ,~~IJ ~.r transfrrrcd r~arh agreem~nt in ~~riting that the credit of such person
is satisfacton• to I.en.ter artd that the interrst pa~able e~n the siim~ xcured hy thi~ Mortgage shal) be at such rate as Lender
sh:,ll reyuest. If l.cnder has waived the optirn t~~ acceler:ite pro~~ided in this paragraph 17, aud if Borrower's successor in
~nterest has execuled a w•ritten assumption agrremcnt acceptcd in w~ri~ing by [.cnder. [_ender shall release Borrower from all
obligations under this Mortgage and the Note.
1f [.ender exercises such op~ion t~ accclerate. Lrndcr ,hatl mail Borrower notice of acceleration in accordance with
paragraph iA hereof. Such notice ~hall provide a peri~xl .~f n~~t Iess than 30 day~~ from the date the notice is mailed within
which Borrow•er ma)• pay the s~~ms decl•rrcd duc. If B~~rruHrr fails ta p~~_ such ~?~ms pri~r to the expiration ~~f such period,
Lender may, without furthcr nMice or dcmand on Borrowcr, im•o~.e an~~ rcmedies permiUeJ b~• paragraph 18 hereof.
Notv-UN~FORi?t CotexetvTS. Bc~rrower and I.enJer further cc?venant and agree as follows:
~ t8. Acceleratao; Remedies. Except as pro.ided in QaraRraph 17 hereof, upon Borrowe~s breach of any co~eaant or
T agreement of Borrowe~ in fhis ~lortga~e. includin~ the corenants to pay when due an}• soms secnred by this Mortg~e, Lender
prior to accekration shall mail notice to $orrower as provided in para~roph 14 hereof spe~ifying: (1) the breach; (2) the action
~ nqujrcd to cure soch breac6; (3) a date. not less than 30 days from the date the notice is mailed to Borrower, by~ whtch snch
~ breach must be cund; aad (4) tbat failore to cure such breach on or before the date specified in the notice may result in
accelerition ot the sums secured by this Mortgage, foreclosure by judicial proceedi~ and sale of ihe Property. 'Ibe notice
~ shaU furlher inform Borrow~r of the right to reinstate after accekration and the riqht to asseirt in the foreclosnre pmceediu~
~ the nou-existeace oE a defauk or any other defense of Borrower to accelerafion and foreclosure. If the Dreach is not cured on
~ or before the date spectfied ia the aotice. Le~der at Lender's option may dcclare all of fhe sums secnred by tluc Mortga~e to be
immediately due and payaWe witlwnt further demand and may fonclose this Mortgage by judkial proceedln~. Lsndrr shall
be eoHtkd to co~ i4 ~uch proeeeding aN e:penses ot foreclosurc. including, but ~at limited fo, reasonable attorney's fees,
su~d costt of docemeatarv evideace. abstracts and litk reports.
l9. Borro~se~'s Right to Reinstate. Notwith.ctanding 1.enJer's acceleration of the sums secured by this Mortgage.
~ Borrower shall have the right to have any proceedings t~:gun by Le~der to enforce this lllortgage discontinued at any time
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