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l.cn.trr'~ ~rit~ri~ agrrrmcut ur ;~ppli:at~lc 1:~~. N~~rn~arr .hall pay th~ an~u~rnt all murt ~a~~ im r.~n~c prrm~i~c in ~hr
m,~ni,rr ~,r~~?~idr~l und~r ~~ara~;r:~~~h ? hrrc.,(. t~ ~ ?
-:~m am~~untti di~hi;rs«{ b~ I rnJ~r ~,ui.uant t~~ ~his {~ar.iEr.i~,h 7. ~„th imerc+l ~hrra~~ ~all I+r~„~ifc ~i1i~i~•n~l
iu~lcht~dnr.~ ~~I' liorru~~cr cr~•urr ~ h~- thi~ ~t.~ni.~LC~ t nle.. R~~rr.~.~rr ,~ml t rn~Jti .itrir tc~ olh~r tr~mc of p:~}meqt. Such
am~,nnt~ .hall tk p,~v:thlc u~k~n iiuti~•~ fr,~m t cnd~r t~~ [3.~rruarr re.~uc•.~inz p.~sn~rnt thcrt•~~(. and .hall Fkar in~rrr.t from thc
.I:,~c •?f di~hurcrment at the rat~ pa~ ~~hlr Ir~~m Iime t~~ time ~?n oul~tauding pi in~ipal under Ihr Nole unlec~ pa~•me~t of
intcrcti~ at such r:q~ ~~op~~~yn(r~t t~+ .?rri~~able la~~•. in ~~hinc ~~~rnt ~uch am.;unts ,hall h.~ar intcre.~ a~ thc highect rate
pern~i,~ihlc un.l~r appli~a e aw.'t~~ithi~~ c~•nt:~ined in thic 4~aragraph 7 chall reyuire 1_~ndrr to inrur am~ ripencr or take
.?n~• a.uon hcrcundcr. -
8. Insprcf~on. I.en.lcr m:?y m.~l~c or c.~u~c I~ he maJc re~~onahlr rntricc u~~~~n and in~~xctirnc of thc Pn,pcrl}~, prc~~~~a~a
~h.~t 1 ender chall~gi~~r &~~r.tiwcr noti}~ ~rio~ !o any ,iich ins{x:ctinn ~pccif~ ing rtasonablc rausc thcrcfor r.latcd to I ender's
intrrr.l in thc Pmpert~•. ~
9. Coodemnatbn. 'The prekecdc of am~ aN•ard or .rlaim f~~~ damagrs, direc~ or con.cquential, in cc~nnertion w•ilh an}~
c~~n~kmna~ion ~~r othqr takin~t of Ihe Propeny, .•r part there~f, ar for c.~nveyancr in liru of c~ndemnati~?n, arc herchy ac~igned
and ~hatl t+~ paid to f.~nder. '
1n the evcot of a total takine ~?f ~he Pm~xrty. thc procecdc chali hc a~~~lic.l t~~ the ~um~ cca~rcd M• thic M~?rtgaRc.
with thc crrc.s, if any. paid ta Horrrw•cr )n thc cvcnt ~~f a pa~tial 1:?{,ing .~f Ihc Propcr~~•. unlcc~ Rorrow~rr and i.endcr
iuherwic~ agree in w~itin~t. them shsll be ~pplicd to the sums w:cureJ hy thi~ M~rt~age cu~h ~r.~~xx~ian n( Ihe proceeds
as i~ eyua) to that prop.~hirn ~~hich thc amciunt ot the sum~ u:~urcd M• thi. ~lortg:?ge immcdiatcl~~ ~uiar to the date. of
~aking hears to the fair market valurof thc Property immediately ~rivr to the ~la1c of t;eking. ~~iih the b~lanrc ~f the pnxeeds
paid to $or~ower.
if ihe Prope~h~ is abandoned bv Borr~H•er, or if, after noticc hv 1 cndcr to Aorm~•rr that the condemnor oficrs to make _
an aw•ard or settle a elaim frr Jama¢~~, Bnrmwer fail. t~. re~~~;~d t~• 1 ender Hithin 3(1 da~•. ~f~er the date cuch notice ic
m:,ited. I.cnJer i~ authorizcd to r~~llect and appl~• the prckeedc. ~i Lerlder'. ~.pii~~n. either to recloratinn ~~r mpair of the
Pro~xn~• or to the sum, cccurcd M• this \inrlgaGC.
Unlest Lcn:I~r :~nd B.~rru~~~r other~i.~ aRrc~ in uritinL. ~m• ti:e~h ~~rpli:.?ti~~n ~~~.$r~w;,~1r. tu principal ch;dl ~~I~crtend
or potitM~ne the due Q~IC ~f the monthl}~ installmrnh r~frrr~d ti~ in ~araer:~{~h~ 1:~1f~-~~~tcrevf ~•r chanKe'M!A ut~i~+iini t~f .
such instatlmenis.
10. BorroM•er Vot Released. I~rten~i~•n ~f the time f~.r pa~ment c.r m~difica~i~~n ~f amarti7ation ~f the ~um< <ecured
h}• thi, ?1ic~rtgaer gr.inted h~ l.rnder t~~ am~ ~urceskx in in~rrc~~ of B~rm~er .hall not •«perate to rclease. in an~• manner.
thc liahiii~~~ ~,f the ~irigina) Borro~~er and B~~rr~H•~r: su~rcc~~.r. in intrrc;i. i.cn.lcr ~hall not he rcyuircd t~~ commence
pru:r~din~s a~ainst such suc~cssur or refu~e ~n c~tcn.t ~ime far paymcnt ur nthcn~icc m~Klif~• am~rtization ~~f thc susns
c~;~ured M- thi~ ~lorigage h~• rcac~~n rf ~m~ demand m:edr b~ thr ~~ri~~~nal t3~~rmKer :~nd B~~rr~Wc~s cucce~~e~rc in interect.
11. Farbearance by i.ender \ot a~V~iver. Am f~~rFxar.,r~ir h~ 1 rr.dcr in ~~crri~in~ :~n~~ right ~?r remrd}• h~rcnndcr. or
~~lherH•i~~ afiurdec! h~~ applicahlc law. ~h.iH not tx: ;i ~vai~cr ~~1 ~u prectudc thc c~crci,.: c~E an~• ~t~c3i r;Qht or rcn~cdt~.
Thr pr~kurement c~f i~curance ~~r the pa~~meiu of taxec i•r u~hrr licm ~~r rhargc. hy I.ender .hall not he a a.~iv~r of I.ender s
richt tu acc~lcrat~ thc maturih• c~f thc indchtcdnr~. k:•ur~J M' Ihi. ~1ott~agc.
12. Remediec l umulali~e. All rcmediec pn~. ided in thi. ~I~~rteage arc Jictinct and ~umulative t~ an) ~~ther rit~ht or
rcmed~~ undrr thit ?41ort~ag~ rr afT~~rdrd h~• iaw i.r ~yui~y. an~l ma~~ h~ c~crciticd concurrrn[ly. endcpcndcntl+~ rr sucrctsi:•el}~.
13. _Saccessors and :1tseRns Bo~~nd; Joint and Se~eral t.iahilih•: Captions. The ~uv~nants and aer~ement~ hcrein
crntaineJ ~halt hine, and ih~ riQht~ hercunder >hall ~nure the rr~~cli~e cucre~srr. and assignt ~.f LrnJer :~nd B~~rro.ser.
sut~ject to ~hc pn~~•i.i~,n, c~f paragraph 17 hereof. .All c.~vrnantc an~~ :,ereemcnt. of Borr~~.cer Sha11 .tx joir~t and se~~eral.
"i'hc captiai. an.l itcad:ng. of thr par.?craph~ c•f thi~ Martg:~g~ arc fc~r_ c~~n~•cniencc c~nl~'- and arc not t~~ hc ~i~d to
interp~et ~r defi~r Ihc pn•?~~ci~•ns here~~f. -
la• \otire. E~rept f~r :mc notice reyuired nn~i~r :~p{~lir,~hlr Ia~~ t~~ bc giv~n in a:~:~tf~er manner. (al :~o}• notice to
Bun~•~~~er pro~•idcd (~r ~n thic 'Nortgaee shall he givcn h~ ma:line .~i:h nc.tirc h~ rrrtific:t mail addrrs~cd tc+ R~rrrni~cr at
tli~ Pm~xrt)• AJdre~~ ~~r at..uch_uthcr aJdrecc ac Bcurnwer mar de.ienatr ht• rl~.ti~r t~~ Lr~~der as pmvi.IcJ herri~. an~
1h1 ;im n~~tir~ to l.cnder ~h.ilf ix _~iven hi c~rt~fic~l m:~il. retum r~~ci~t icyir_~.trd. ta 1 ender~ ad~lre~c stat~d herrin or tn
,uch uther .~ddre,: :i~ I.rndrr ma~~ ~e.ignate b} nc,~icr n~ B.,rr.,~~rr :u rr~•:ide.l hrrein. :~m• n..~ire pro~~idr~l f~~r in thic
~irrtg.~~e shall h~: dCCntrd h~ h;~~•r he~n gi~rn t+~ B~~rr.~U~r c.r 1 rnJ.r ~~hcn gi.•~n in thc r•~anne~ ~tc~i£nated hrrcin.
i5. i'niform ZTortKa~;e: Gm~ernia~ 1.aK: Seaer•rbilif~•. 1 hi. h: m~~f mort:;azc .~~mhinc~ i~nifarm rc•~•cnantc f~~r national
i~s~ and m•?~-unif~~rm r.•~inanl, with limit~~l ~-ari:+ti.~m h~• juri~.Ai'ti~,n 1~~ ~rnslitutc a tu~ifornt sccurit~• in.triun~nt em~ering
rcal pmpert~~. Thic MoneaEC shall hc ~~~v~rncd Ft• thc la.~ rf thc ~uricJicti~~n ~o ~~•hich thc Propcrt~~ i, kx-;itrd. In thc
event that am• pm~~isir.n rr clau.e ~~f thi~'11on~;a<c ,~r the ~~~te :~~ntli:t. :.iih ap~iicahie ta~c. cach conflirt ~Lall rt~t atTect
ulhcr pr~~vi`iunti uf thic Mi~rtgacc :u !hr \~~1~~ «lti~h ~.~n `>c ~i~~n ~ii~r! ~+ith~~ut Ih^ cnnflic~ing pr~?~ici.~n. and to this
cnd thr rrucitii~~nti ~f thr \t~~rt~,aec and thr \~,t~ arc Jrcl:~rcd t~~ .c~•crahic.
16. Borrtiwer's Copp. Borrowcr .hall hc furni.he~! :.,nf~~rm~d cor~ rf th~ \i~tc :+~~d c?( Ihi. \t~~ri~age at the timc
.+f eterutior, c.r ahrr rccordation ficrcaf. -
i7. TransFcr t?f the Prapedc: :~a~umption. ff al! ~~r :en+ p.~n-~~i thc Pr~.~rt~- ur an intci-c~t Ihcrcin i..uld or trancferred
h~~ Borr~iHCr With~~ut I.cndcri prior ~~riu~n ~unc~nt. r~.luding i;~? thc creation of a lic» ~~r cncumhran:c suFxir.linste to
thi. Mcirtgage. Ihl the creati~n.c~f a purch:~~r m~~ne: .Lrurit~ ~nt~rest i~r h:,u,rhuld ap~~liance.. (c) a tran~fer h~• devise.
deticent or hy u~ration of {aw up,~n thr :trath ~~i j,~i~~t trnant rr (d~ the eraiu iif :~m Ie:~sehold interest ~~f thr~e y.ars or lecs
n~t containiog an c~pti~~n t.~ ~+urihas~. 1 cnJ~r tn;:~. at l.cnJcr'. npli~~n. drrlarC al) ~hc tumc securcd h~• this ;1lortg'sgc to bc
.mmr.iiatrlt• dur and pa)aMr. 1 ender shall ha~e ~~:u~rd •n.h ~.ptic~n t« acc~ler.ue if, prior m thc ,ale or iransfer. I.cnder
an.l the person to Hfi~~m the Pmpcrt~• i. t.~ be ~ol.i ~>r tr.~n,fcrr~d rcarh :?grccmcnt in ~~riting 1F~at the crcdit nf such pcrson
i~ saiisfact.zn t~~ (.ender and that the intrrc.t pa~aFle on thc .~~m. :ec~rced b~' thi, liortgage chall t~e at such rate ac I_ender
sh:,ll rcyuest. If 1 ender has waired thc op~i~~,~ t~~ a:rclrr.~tc ~n~~•idcJ in ~his p:,rag~aph 17, and if B~rrower's successor in .
interest hati executed a~•ritten ascun~ption agreement accept~d in ~~riting b~• [.cn~ler, l.ender ~hall relea~e Borm~~cr from all
.~bligations undcr this M~rtgagc and thc'.~Totc.
Tf I.ender e~erci~. such optic•n to arcelcratr. t.enJrr ,hall mail Be~rrouer notice of arceleration in acc~rdance with
paragraph !4 hereof. Surh notice shall provide a neri~af ~.f n..t Ies~ tha~~ ?0 da}~~ fr.~m thr date ihe nrnice is mailed within
which Bo~row-cr may pa~• thc ~ums dccl:,red du~. I( B~~rro~crr f.iilc to pa}• such tii~ms pri~.r to the cxpiration ~,f turh pcriod.
t.endcr ma}~. without further notice or dcmand un Bi.rruwer, im~o{.c an} remedies permittcd b}• paragraph 18 hercof.
Noy-UxtFOtet?t Cove:v~tvTS. Borrower and l.cnder further rn~•enant and agree as follows:
18. Accelers~tioa; Remedies. Except as pro~~ided in para~raph 17 he~eof. upon Borrower's breach of anv co~enant or
~reement of Borrower in this rlortgage. includinR the co~enants lo pa~• when due any su~ns secured by this Mortgaqt. I.ertder
prior to acceleration shatl maii notice to BorroN•er as pro~•ided in pa~a~raph 14 hereof specif~~in~;: (1) fbt brrseb: (2) t6e action
requirrd to cere soc6 breach; (3) a date. not less t69n 30 days from the dste the notice is mailed to Borrower, by which such
breach must be cured; and (4) that failure to cure such bresch on or before the date specified in the notke msy raWt in
acceleration of t6e soms secured by t6is Mortgage. foreclosure by judicial proceeding a~d sate" of the Property. The ~wtice
shatl fuHher inform $errower ot the ri~;ht to rcinstate after accelerat'an ar+d the right to asserf in tbe foreclosurc pt+ocetding
the non-existencz of a default or any other defease of Borrower fo acceleration and forcclosure. If ihe breach ~S not cnred on
or befon the date specified in the notice. Lender at Lende~'s aption may declare all of the sums secured by th~ Mortga~e to be
immediately due and payable witho~t further demand and may forectose t6ts Nortg~e 6~ judicial proceeding. Lender shaN .
6e entitled to coilect in wch procetdi~ afl expenses of forecbsure, inclading. but r~o# limited to, nasonabk attorney's fees,
and costs of docomentnry evide~ce, abstrs~cts and tille reports.
I9. Borrower's Rig6t to Reinstate. ?~otwithstanding 1_ender'c acceleration of the sums secured by this Martgage.
Borrower shall have the right to have any proceedings F~egun hy t.ender to enforce this Mongage discontinued at any time -
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