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I rnJri'~.~nurit agrc~tnrnt o~ appli.ahtc L~~~. li~~rru~~~r ~hall pa~ Ihr ;?m,~unt .~f all m,~rtgag! in.ur.~n.•c prrin~un~s in t~c
mennrr pr.~.idr~i~undcr {~ar.i~raph ' hcrcof. 4
:\nv am~au?1~ ~Ii.hur:rJ by I~n.icr p:~nu:u~1 ~hi: ~ar.~~~:~ph 7. ~~nh inirr~~t thrre~,n. ch:~ll h~c~,nx addiU~,nal !
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sit~lch!t~lni,~ ~~f Ri~rr~~~~i~ ce~'ur~d M Ihi~ ~1i~~t,~aL~ l nl~.~ B~~rt~~~~~? .~nJ I~n~kr .~~r~i• ti~ c~th~r l~rm~ i~f pa~•mcnt, w~h 1
enu•unt. ~hall hc pa~~ahl~ upun nuii.~ frum 1 endc~ [~~~rr.~~~r r~.~ue•iin~ p:i~mcn! ~hcrc.+f. and ch:Jl I.~ar in~rr~~t frc~m thr
Jate c.f di.hurcrment al ~hc rat~ ~:~}ahlc fr~~m time t~~ ~ime rn outs~andin~ principal under the tiote unle« payment of
intcr~:t at surh r.U< <~ould i?c contran• ~c~ appli~ablr I,~~~•. in which <<~rnt cu~h amounts ,h:ill hcar i~tcrcct at thr highcct rate
permis~ihlc undcr applicablc IaN~. ?~'othing ~onlaincd in thi. paragraph 7 chaU rcquir~ I.~ndcr to incur am~ c~penFt nr~take
:~n) action hcreundcr. ~
8. Inspection. Lender ma~~ m;~.le r~ cause to t+e maJe rca~onahlr ~n~riec up..n and in~Exr~i.~n~ .~f the Pm~xrty. pm~•ided ~
thal 1 ender ~hall gi~~e Borrower notic~ pri~~r to anv such im~xction ~pecify~ing rcasonable cauce theref.~r rrlated t~~ I.ender's
int~rcc~ in ~hc Pmpert~•. !
9. Condemaatlon. Thc pnkrcdc of any ati~ard or claim for damaees, dircc~ i?r c~~mcqucnti~l. in connc~lion vvilh an)~ ;
condemna~ion or other taking of ~he Prop~rty. ~~r part thereof. o~ for com•evanr~ in lieu o( rondcmnation. :ir~ hrreh~• a«igncd ~
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• and shall l•c paid to I.endcr.
ln the event of a ~~~tal takine of the ProExrl)~. the prcxeeds ~hall tx applieJ to the cums seaired by ~hic M~•rtgage.
with ~hc c~ceci. if an~•, paid tc? BormK~rr ln Ihe evcnt of a partial taking ~~f the Proper~~•. unle« Borro~~•er and l.ender
. othcn~ic~ agrcc.in w•ri~in~. ~hcrc shall t~ applicd to thc tums ~ccum~l h~~ thi. M~rt~tagc wch rroportion ~f Ihc pr~ecds
as ic cqi~al to that prc•~rti~~n which Ihc amounl of the sum~ .ccurcd h~~ thi. ~1c.rtgagc immcdiatch' prii~r 1<~ thc date of
~aking hears to the fair market valiK af Ihc Propcrt)• immediateh• pri~~r to the ~latc of taking. ~i~h the balance of thc pr~kecds
paid t~. Borrowcr.
if the Properl~• is ~bandoned h~• B~rro~~er. .~r if. aflcr ni,ticc hy Lcnder to BormWer that Ihe condemn~r ofTe~c to make
an av?ard nr cettle~ a claim for damagc~, Brrrower f:~ils t+~ reti(x~n~l tr 1 endrr wi~hin ?0 da)'c aftcr thc ilate tuch nc~tice is
mailed. Ia:nJer ic authoriz~d to rnllect and applp the prc?ceedc. at f.ender'. option. rither to rectoration ~.r repair of ihe
Propcrt~- o~ to ~he sums .ccureJ M thiti Mortgagc.
U~r'.esc 1_enJer and Bc~rco~~rr othen~ic~ aRrcr in ~~ritin,,. am• ~u:h :~pply~:~~jr~ ~~f nx~edc t~~ principal .hall not e~~end
or ~x~st~+c~ne the due datc of the monthl~• installmcnt~ r~fcrrrd 1~~ i~i ~?aragra~~..~ ~i~ 2 hcrcof or chan[~e th~,am~unt ~f
~ucfi ens~allment~. ??!t:<._ .
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10. Borrow•er Not Releaced. i?xtenci~n of Ihe time f~~r pa~•mrnt or mc~diRcatii~~i b~ amc.rli7ation of the surrt< <ecured
hy this \iort~age gr.~nted b~• l.ender tu am~ tucceca,r in intrre~t ~.f B~~rrower ~hall not o~xrate to retcasc. in any manner.
thr liahilit~~ ~~f thc original Bormwcr and Rorm~•~r'c sticcccti~u~ in intcrc~t. l.cndcr ShaN not hc rcyuircd tc~ rommen~'c
pnke~ding, ag:iinst such sucrecsor ~~r refuce to e~ten.l timc for payment or othen~i~e mc?Jify amurtizati~~n ~~f thr sums
.e~ured b~~ thic Mortgage b~• rcaci~n of :,ny demand madr b~• the orieinal Born~w•er and A~,rrow•er's sucre,~~~r~ in interecl.
11. Forbearance b~• i.ender !~M a R'ai~•er. .Am f~~rtxaran.e h~ Lrnd~r in e~ercitiinL anc right i~r «mrd~' hcrcunder. or
~~thena~icc afTorded hy appli~ahlc law, .h:~ll nrn tx: a wai~~~r :~f ~•r precludr thc r~crcisc of am• ~o~h right ~r remed~~.
Thr pr~nrcmcnt of insurancc or thc p~)'mcnt ~~f ta~cc ~~r ~~thcr Gcm ur ~harg~c h}~ L~nder .hall not tn a~~:~i~•cr ~~f 1 cndcr's
right t~• accclcratc th~ maturit~~ oT thr indehtcdnr~c .r_urcd h~• lhi. ~1ort~acc.
12. Rtmedies Cumulati~~e. :~ll reme.iies pro.idcd in thic Alartgake are dis~inc~ and cumulativc to am ~~thrr rieht or
remc~l~• undrr thi. M~rtL~~c or aR~•rdrd hp law• „r cquitr. :~nd ma~~ t.~ ~rcrci.cJ cul?currcntl)'. indcpcndcnth• ~•r suce~.si~•clc.
13. Successors ~ad Assi~ns Bound: Joint and Se~eral i.iabiliq~; ('aptions. The co~•enants and agrcem~ntc h~rein
c~~n~a~nc~l ~hall hind, and thc ri¢htc hcrcundcr chall inun t~~, thc r~s~~ti~•c sncce+tr.r. and assigm of I.~nJcr and R~~rmw~cr.
.uhj~ct to thr pr~~vi~iun. of paragraph 17 hcrcof. All ca~~cnanls :?nJ aerc~mcnt~ af Botro~~•cr shall bc j~~int :~nd ~cvcral.
Th~ captiun< :~rd hc.i~iir.~. i,f thc paratiraphc c?f thi~ ~1ort~agr are for con~~~nicncc ~•nh• and are n~it t~," tx~ uccd to
intcrprct „r definc thr pm~•i.i.in~ hcrcof.
14. \Mirc. E~ccpt f.v anv noticc rcyuirrd undcr :ipplic:~hlr la« tu Ix eivcn in anc~thcr manncr. (a1 an}' noticc to
(3i~rr~~wer pn~~•iJed (or in thic ~1ort~!aee shall Ix: gi~'~n h~ maiiin~ wrh rotiee h~ certified mail aJdre~~rd Borro~•er at
thr Pr~~~xm• AJdretir i•r at ~uch ~•thcr addre~. as B~~rr~~«~r m:~~ d~~ienair h~ n~~ii~c t~~ 1 cndcr ac pnn•i.tc~i hercin. and .
(h? am n~~tir~ t~~ l.rnJer ,h~ll Fx ei~en h~• ccrtifird m:~il. return rrrci~t reuur.ted. t~. 1 en~ler'~ ad~lres~ statrd hcrein or to
.uch other addr~t~ as l ender ma~ desi¢nate h~• n~tirc ti~ R~•Tn~t~rr as pr~•~ideil herein. :~m• notice pruvidc~l f~~r in thic
\1~~rt~.,gr shall h~ Jcemcd to ha.c been given t~~ Borruwer ~~r I cndrr ~.hcn ~iven in thc manner decienated hcrcin.
15, lTniform ~ir?rlR~kc: Gu~ernin~ t.aw; Se~erabilit}. Thi. (~~rm ~~f m~rteaic r~~mhincs uniform cm•cnant. t~r national
~Eti~ and m~n-unif~~rm c~~~cnant. Nith IimitrJ ~ariation. h~• ~~~ri..l~~ti~.n t~~ rnntitit~~tr a uniform srrurit~' inctrumcnt rnvenng
rcal propcrn•. Thiti `t~~rtg:+ge shal! tx e~~vrrned h~• thr laH ~~f ih~ juri.Jirti~~n_ i~i ~vhich the Pmpert~' i~ lix;ated. In the
~~•cnt th:~t am• pmvisic~n i~r rlauK of thi~ ~1c•rts~ag~ ~,r th~ \~,tr a~ntli~t~ ~+ith :ir~licaMr law~. cuch conflict ~hall noi atTect
j ~~thcr prmi.i~+m of ~hic ht~rteagr nr thr \'„t~ ~~hirh ~an tx ~_~•rn clTrrt .~i!h~ut thc conflictine prm•i~ian. and to this
! end the {•r~~~ i.i~•m c*f the ~1ort~:~ee and thc \i~t~ :ur ~lrcl:~r~d t~~ he ~r.~craMr.
~ 16. Borrow•ers Cop~. Born~~~cr ~h:~ll h~ furn+~hr~t a:.+nt~~rmrd rop} ~~f thc ~otc :en.i of thit ~lorteaFc at the timc
.~t esecuti~~n ar aftcr r~tiordation hercof.
j 17. Transfer of thc Propert}•: :~ssomption. If :~II rr an~ ~~art ~~f thc Pn~~xrt~• c.r an imcre~t thercin ic ~~~Id ur tran~ferrcd
~ hy Rorrower Hith~•ut I.ender; prior µrittrn ~uncrnt_ ~~rl„ding i,~~ thr cr~ati~.n ~~f a lien ~r encumhranre ~uFxir.iinate to
thi. ~lortgage. IM the rreat~~n ~f purrha~r nu~n~~ ~rcuri~c in~erect f~~r houu:h~~1J :~~~i~an~c~. Ic1 transfcr hr devise.
dexent rr M• oprration of lau u~~n the .Ieath rt ~~anl tenam or /~1? the ¢ran~ ~~f anc Ieasehc.ld intetest c.t thrre ceare or ]ess
not containing, an opti~m t~~ purchase. I ender ma~~, :~t 1 rndrr'. ~~puun. Jcclare all thr cum. secured b}• this \lortgage ta be
;mmr.iiab:l~~ d~c and pacaMe. Lender shall ha~e ~~.+~~e~1 ~~~;h ~~puon a~ acceterate if. prinr to the ~ale ~r transfer, I.ender
ar.J the ~xru~n to whom the Propert~~ ic tu he sol~l i~r t~ansi~rred reach agreement in Nriting that the credit of surh person
~t satisfact~~n~ to l.ender :,nd that the intrrc.t pa}~able i~n the sum. ucured by thi~ Morttiage shatl be at such rate as Lender
shal! request. If I.ender has w•ai~•eJ ~he ~pti~•n t~~ accelrrat~ pr~~vided in this paragraph 17, and if Borrow•er's successor in
interest ha~ rxecuted a w•ritten aswmption agrremcnt arcepted in w~riting h}• Lender. Lender shall releace Borro~er from all
~~bligation~ tmder this Mnrigage and the Notc.
lf f.ender e~erci~e< <uch uption te~ acceleratr. Lrndrr ,hall mail Rnrmwer notice ~f arreleratiim in acrnrdance w~ith
~ paragraph 14 hercof. Such n~~tice ~hall pr.nide a period uf not Ies~ than ?0 Ja~•~ fmm thc date the notice is mailed within
~ ti~hich Borrower ma~• pa)~ the sumc decl:~re~l du~. If R~~rr~~~~rr-failt to pa~• tiunc ~uma priar to the espirati~n of wch period.
Lcnder ma~•. w~ithout furthcr notice or ~Iemand on li~~rrowcr. invoke am remedies permitted b}• paragrapfi IR hereof.
NON-UNIFORM COVEti~!vTS. Borrower and I.ender furthcr rn~~enant and aerce as follows:
~ 18. Acceleration; Remedies. Except as pro.•ided in pa~raph 17 hereof. upon Borrorse~s breach of any covcnant or
~ agreement of Borro~+•er in this Morfga~e. includin~ the co~~enaMs to pay when due any sdms secured by this Mortga~e. i.ender
~ prior to'cceleration shall mail notice to Borrower as pro~•ided in paraRraph 14 hereof specify~it~~: (1) the breach; t2) tbe action
~ required to curr snc6 breach; (3) a date. not less than 30 da}~s from the date the notice is majled to Borroner. by which such
~ bnach must be enred; and (4) that failurc to cure such breach on or beforc the datc specified in the notke mav resWt in
~ accderatlon of t6e sums secured by this hiorigage, forcclowrc by judicial proceeding a~d sale of the Property. The notke
~ shall further inform Borrower of ihr right to reinstale ~f1er acceler~tion and the right b assert ia the forecbsure proceedin~
~ the non-existence of a default or am~ other defense of Rorrower to accderotion and iorcclosure. If the breach u not cared oa
or before the date specified in the notice. [.ender at t.ender's option ma~~ declarc all of tfie sums secnred by this Mortgage to be
~ immediatdy due aad payable withoot fnrt6er demand and m~y forcclose thts MorfRage by judirial proceedin~. Lender shall
~ be entided to coUect in wch proc~din~ atl expeases of foreclosure. inctuding. but not limited fo, re~onable attorney's fees.
~ and costs of documentary evidence. abstracts and titk reportc.
~ 19 Borrower's Right to Reiostate. Notwithstanding [_ender's acceleration of the sums xcured by this Mortgage.
~ Borrower shall have the right to have an}~ proceedings begun hy I_ender to enforce this I~lortgage discontinued at any time
~ 800K 2~71 PAGE ~J9
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