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I.rn~icr's ~~r~tt~n :~gr~,•nicnt or appl~.aMr IaH ki~~rruH~~ ~hall pa~ ihr .~m.,uiU uL .~I) mrit~a~~ i:~.l~r.~n:~ prrmium, ,n thc
n~.~nn~~ ~~;~•~•i~l~•.1 unti~t p~:~r.~~~.~pF hcltOf
:~m' ainn:~~itc di•.h~~r~rJ b~ I rmicr pu~.u.ir.1 thi. ~~.~r.~Lr.,~h ~th iutrrc.l thrr<<~n. ,h.~ll hr«mt~ addiU~~i~:~l
in~khtc~ln~,. ~rl {iurr~~~~cr ~~iu~~•d h~• Ihic ~lrrlcae~r l nl~.~ Ri~rt.~~+i•t :~n~l l`ny~i•~ ;~gfaC. M t~th~r ICrm~ ~,I p:i~~mrnt. .uch
am~~unt..haH tk pa~ahlr ii{•,~n nrti:r Ir~~m I rndcr B~~rr~~~~rr rc.;i~t~~ine ~~a~~tkRt.lh~~rc~f an.l .h:~ll Ik•ar intcr~.t fr~,m thc
J,~ic ~~f ~ii.hur~rmcnt at th; r.~tr pa~.:~hlr fr~~m ~imc t~~ ~~mc un oui~r.~ndin~ prin~ipal u~dcr ~hc Note unlec~ payment ot
iiilcre~t :i~ curh r71r ~~~~ul~l h< <untran• n~ applirablc I:~~v. in ~~hi:h r~•r~it .~~ch am.~unt~ .hall Fxar intere~t :+t Ihc highect rate
{krmisciM~ un~rr ap~l~~ahle la~r. Nutliin¢ cornaineJ in ~hic par.~gr,~ph 7 chall rey,iire 1 ~nder to incu~ an>~ c~pence or take
.~~i~• ~rti~n hrrcundcr. ~
8. Impeclion. l.cnder mav ri.ikc rr:amc ~0 1+e madc rcaconahlr rnlriec u~z.•n and impc~tion~ of thc Pn,~xrty, proviJe~l
tha~ I ender ~hall giv~ Rurrrn~er n~,tice ~~rior to aoy ~u~h in.pccti~~n spccif~ing rc:~conablc ~aucc thcref~,r rclateJ t~~ I.ende~ c
~n~~r~.t in thc Pn~pcrt~•.
9. Condemnatbn. 'fhe pnkeedt of am• aw~ard or claim fi?r ~lamaees. direc~ ~~r r~~mequential, in cunnecti~n ~~•ilh any
~ondcmnatii~n i~r c~th~r takin~ uF thc Propcrty, or part thcrrof, ur for ~onvc~ancc in licu c~f ~ondcmnatiun. arn c~reb}' a~signcd
anJ .h.~ll tx paid t~, Lendcr. . ~
ln ihc c~ent af a 1c~ta1 Iaking ~~f Ihc Pr~~~xrt)•, thr prckccds ahall hc ap{+licd t~~ Ihc ~umc cccurcd hy thic ~1~~rtg~Fc.
~.cith the rrcccs. if any. paid i~ Hurrrw•er In Ihc cvent of a partial takinc rf ~h~ Propert~~, unlc~c Bnrr..H•er ~nd l.ender ~
~ahcrwi.c agrcc in writine. thcrc chall t+c applied lo thr iumc kcurC~i b~ thi. '~1c~rt~::~ec ~urh rmpor~i~,n nf thr prcxxcdc _
as is cq?~al lo that pro`arti~•n ~~hi:h Ihe amount of the sumc ~ccured fiy th~t \1rrt~agc immcJia~el~• ~ri~r t~. thr date of :
taking hear~ to the fair•markct valuc of thc Prapcrl~~ immedi:~tely pri~~r ~o the .latr of t:iking. ilh thc bal;mcc of the pmcecds j
paid t~? B~~rrowe~. ~ • _
lf the Propert~~ i. abandoncd b~• R~~rruwer, or if. aftc~ nMicc h~• I.~ndcr t.~ Bi~rn~HCr that ~he condcmnc+r ofTer~ t~ make ~
an award ~.r settle a rtaim f.•r ~l:un:ig~~. Burrnw•cr fail. 1~• r~,{~,nd tn l ender ~ithin i(1 d~~•c ahrr thr d:~~c .tech m~ti~c ie
mailed. T.endir is ~tdhorized to c~~llect and apph~ the pr~~r.:edc. at l.e~der t rpta~n. either to re~toration ~r rcpair of ihe
Pro~ny ~r to the sum~ t~curccl h~• this \tortgagc. j
l~'nlcsa lcndcr artd B~•rru~.rr o~hcrHicc agrec in ~ritin,•. am• .u~h app!i~atirn c.f pnkrrdc to princin:~l shall not e~tend
~.r Exxt~ne thc duc datc of Ihe monthh inttallm~nts refcrr.d tu in ~~.~raer;t~~h~ 1:~nd ? hcrc~~f iv cham~c Ih~ am~~unt of
~uch installmcnt~. - !
l0. Bo~ro~~•er Vot Releaced. i?xtenaion of the tin~c fc.r p;~~•m:nt c~r m~difir:~ti~~n ~~f :~m~~rti~ati~n ~•f the .umc ~crured ~
h~• ihi~ Aiartr:ig~ crantcd by I.cndcr so am• .ucietsor in intrr~~t o( B~~rr~~ccr ~h.;ll m~t c~pcratr to relcas~. in am• m~nncr. '
the li:+hili~~~ o~ the oriiin:~l B~~rro~cer and R~~rr~~acr'. surres`orc in interect. I ender_ ~h:d) n~.t hc rryuirrd ti~ cc.mmen,c
pnx;Cedingc agyin~t such ~uc~~.+~~r «r refu+c to c~tcn~ tim~ f~~r ~~aymcnt nr othrn~i~e me~dif~• am~r~iza~i~~n ~~f the sums
~rcurcil b~' thie 111~~rtgagc M' rrau?n uf :~m• Jcmaml mad~ M~ thc. ~,ri~inal I~orr~,~~cr .~nd B~.rr~,~v~r'c snc~r,•.~r~ in intcres~.
11. Forbearance b~• I.ender 1ot a«'ai~er. :\n~ f~~rh~a~:u~.•r h~ l rndrr in c~~rci~i~:g am~ rigM ur remrd~- hrrrimder. c•r
~•therwise afioaie~t. hy applicahle ~BK. ~~)all h„t he a~~~.~i~~r ~•t ,•r preclude the r~er~isc ~•f am• ~uch riehl ~r remed~•.
Th~ procurcment of incurancc or thc pa~•mcnt c?f ta~cc .~r ~uhr~ lirnc ~.r rharcr~ M~ Lcndcr ~h:~ll not tx: a~~ai~'cr ~~f I.cndcr i
right t~~ accclerate the maturit~• of th~ indeMcdnc.~ cr~_ureJ h~ thic 11~~nEaec.
12. Remediec Comulati~•e. All reme~li~a ~+r~~eidrd in .thi, \t~.rt~aee ar~ .listinct anJ cumulative to an)~ :~ther rieht ~r
rcmc~h• undcr th~ti M~rtLa~~ ~r a(Tord:.l 1,~ law .~r ryuitc. anU ma~• hc r~crri~«1 c~~nCUrrcntly. indcpcndenNc ~~r snr«c~iv~l~'.
13. Surceccon and .~1siRns Bmmd: Joint and Sc~eral i.iabilih~; ('aptionc. Thc ro~~e~iants and acrcrmcntc herein
:~~ntaincd thall hind. :~nd thc riQht. hcrrur.dcr shall inure ti+, thc rrcE.~;~ti~'c si~cce~e~~rt and atitiignc :~f 1 cndcr :~n.l Rorrow~cr_
.ubject to the pro.•i~ium ~~f paraeraph 17 nerc~~f. :1l1 co~•~nan~: an,l :~grc~mrnh of B~,rro~cer shall tk i~~int and ~e~eraL ;
Thc captions :~n~i heaJ~n,: ~t thc paragr.~nhti of thi~ M~,rtk:~~;~ arr f~~r cc~nvcnicn~ti +~nl~• an~l arc n~t t~~ F?c u~cd ta
;ntrrprct o[ dcfine thc pro~ isic~nt hcr~~:f.
14. ~ntice. Es~ert for anr no~ice rcyuircd un~lcr :?ppli:a!~i~ 1:+~+ t~~ he ~ic~n in art<~thcr manncr. (a? a~n~ notice to
Bc~rrower pr:~vidcd f~~r ~n thi, ~torteaee shall he ci~~n h~- ~nailir~L •u~h rn,tice h~ c~r~ifiecl m:iil. addres.~d tu Borru~~er at
thc ProExrt~• A~Wrc„ i~r at curf~ othcr a~tdre~c a~ B~~rn.~+~r ma•. .Ic:iLn:n~ hr nrai:c t~~ I rndcr :~c pn+vidrd hcrein, anJ ~
ih? ;im nuticr :a 1 cn~l~r ,h.~ll tk ~icrn h~~ ~ertif;ed mail. rei~~rn rerri, t rryu~:tcd. t+~ 1 en:ler'~ ad~lreca stated hercin or to ~ ;
•i~~h ~,thcr ~ddret. :i~ l.~n.~rr m:+~ drtig~~atc b} m•1icc. B~,rr.•~~rr ;i~ pr~~~idc~l hcrcin. Am nuti.c pr~~viJc.l f~,r in thi~ s
~1.~rtgage shall tx .l~cmr~ hav~ hcen gi~rn to Rnrr~~~~cr !:~ider.~~iirn gi~c:~ in thc manncr decignated herein.
1~. . C'niform ~1ortKaKc: Gorerninq 1.•rN: Tc~erabilih. f~:, t~.rr.z ~,f m..rt~a~:c _~mhincc uniform ri~:cnantti far natic,nal
u~r and n~~n unif~~rm ~~~:~:~:~nt. Hith limite.i ti:iriati~~m M~~~:i~~i~~urn c:~nstiterte a unif~rm securit~~ imtrument ~ocering
rcal pro~rt)•_ 'fhi~_ \1i~rtgacc shall hc go~~~rncd hc thr I.~~~ th~ ±uri.~iirti~~~~ i~~ ~~hich thc Pr~pert)' i. Ir~atcd. In thc
' ~~~cni th.~t ant~ ~rovisi~~n ~•r ~lauu: of ttii; ~t~rt~a~r ~~r thr \,~tr ~~,ntli;t; .,~ish apr.licaMe (a~~~. sn.:h conflici .h:ill not :iffcct
rthcr pr~~~i.iom of Ihi, \lofleagr ~~r thr \~~tr t~h~i}? ian ix Li+ce r~Tc,! ~~i!ht~:n thc cont~icting ~+r~~•i~t~m. and to thls ~
i ~nJ thc prini~i~ m nf !hr ~1i~rt~_aLC :?nd thr \~~te :~rr .l.~lercd 1~~ tx ti~~•rrahlr.
i 16. Borrov?er's C~~p~. Borrowcr .h:~ll ht C:~rm~hr.i :~mt~~n~~~d r~ ut thc \~tc an~l ~~f thi~ \turtgagc at thr. time
~~f e~ecediun-i~r aiter rer.udation hcrcof.
i 17. Trancfer of the Propert}: .~~sumption. If ali ~+r ,~i~~ {~:irt uf ~he Pr~~~xrt~~ e~r an interest therein i. -.~Id ur trancferred .
hg Rorr.~~~cr Hith~•ut i_cndcr's prior ~?~rittrn .<~mcm: r~rli~dinL thc rrcation ~~f a licn ~~r cncumbran~. SotxuJinate to
~ ~hi~ ~turtca~;e. Ih1 thc,creati~n u~ a purcha.r m~m~c .~~!~nt~ intrfr<t f~v hrn~ehrlJ app!i:~ncr~, Ic) a tran.fer h~~ Jevise_
~lc.crnt ~~r h~- o~xration of 1:?~~ iipor. thc .i~;,th ~~I i~~int trnant .~r f~[~ nc~ Lr:?nt c.f am Irauh~ild ~ntcrest ~~f threc ~•rart or Icsc
~ nat containine an opti~~n purch.i~. I cn~t~r m:i~: a1 Lrndcr'. u.~n. dtrlare ~11 thc ~um~ seiured h~• this ~lorleage to be
:mm~~iiatel~- due and payaMe. l.~ndcr ~h;,li hacc ~.:u;rd ~!~~h r~?i.,n t~~ •:tcrrlcr:~te if. ~rie~r to thc ~ale ~,r lrancfer. I.ender
:~n~! the pert~m to ~~hi~m the Propcrt~~ i. t~+ hc ,n',I or tr,~~:.icrrr~ ~ca~h .~grrcment in ti+riting Ihat the rredit ~f wch pcrson
sati~tact~~n~ t~, I.cn.fcr .~nd that thr int~ rc.t p;~~ +hlr ~~n ~th~ .um. .r: urrd h~~ ~hi. ~icirtgage chall be aC such rate as i.cnder
sh.~ll reyue~t. lf I enJer has u;~i~~e~l th~ rptirn t~~ :lcc~ler.~te pr~~c~ded in thi~ p:ira~raph 17, and if Borroaer'~ tiucce~sor in
~ imcrest ha~ executed a u•rittcn auumptio~ aer~rment ar~c~tcd in ~~riting h}- Lcn~ler. Lender ~hall release B~rro~ser from atl
.~bligations undrr this ]1l.~rtg:~ge and thc Notc.
~ (f t.ender e~ercik. such ~~pti<~n tc. acrekr.,tr. Lrn~izr ~h:~ll rnail R~~rm~~er notire af acceieration in acrnrJance ~ith ~
~aragraph 14 hcrcof. Such noticc ~hall ~•roviJc a peri~~~l «f m~t Ics. th~n 3(1 da~~ fr~~m thc date thc noticc i~ mailcd within i
~ which Rorri~a~er ma~• pa~ the ~tim~ de~4ared du~. I1 Bc~rrr~~cr feik ti~ pa~~ wch ~ums priur ti~ the e~.pirati~n ~~f su.n pcriod. ~
~ t_endcr mar. ~~ithuut further noticr ~~r drmand ~~n KorruHrr_ im'o~.~ am remedics ~xrmitted M- paragraph IR hereof. ' t
~ No~-l'!viFOx~t CovF~:+v-rs. Borrower and I.eoder furthcr cc~venant and aeree as follows: - i
~ 18. Aceeterrtion: Remedies. Except as pro~idrd in parakraph 17 hereof. upon Borrower'c breach of ~ny co~•cnant or ~
+ reement of Borrower in this lioft e includin the co~enaNs to a~ when due an sums secured b thLs :11arf a e Lender F
~ K~• R P. 3' Y RA•
~ prior fo acceleralion shall mail notice to Bormwer as pro~•ided in para~raph 14 hereof specifying: (1) the breach; (2? t6e acfion
~ required to cure such breach; (3) a date, not le4c than 30 da}c freim the date the nofice is mailed fo Borrower, by vrhich sucb ;
~ breach must be cured: and (4) that failure to cure such breach on or before the date specified in the notice mav resnlt in ~
acceleration of the sums secured by thi~ lfortqa~;e. foreclosure b}• judicial proceedir~ and wle of the Property. ?he notict
~ shaU further inform Borrower of the ri~ht to reinstate after acceleratiun and the rigbt to asserl in the foreclosurr proceediag .
~ the oon•exi~tenc•: of a default or any~ dher defense of Borrow•er to acceleration and foreclosure. If the breach is not cured on i
~ or beforc ~he date specified i~ the notice. l.ender al I.ender's option ma~ declare ~II of the cums secured by this Mortgage to be
~ immediately due and payable without further demand and may toreclose th~ ~tort~age by judicial proceedinR. I.ender sha11
~ be entitkd to collect in such proceedin~ all expenses of foreclocure, including, but not limited to, reasonabk attomey's fees. ~
~ aad costs of documentarv e~•idence. abstracts and title reports.
~ 19. Borrower's Right to Reinstate. ivotw-ithstanding I.enJer'~ acceleration of the sums secureJ b}• this Mortgage. ~
~ Bonower shall have the right to have ar»• proceedings M:¢un by Lender to en(orce this Mortgage discontinued at any. time s
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