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1 cndrr'~ ~~riucn ag~~~m~nt ur apph.ahic I.~w 13.,rro~cr ~hail pa~• thr am~,unt of all'mohgag~ imur, nri prrmiums in th~
manner pr,yvid~~l under pa~agraph 3 heteof. f
Am am.~untc di~hurscd by I.rn~c~ pu~.uani tu thic ~+ar.igr.~ph 7. ~~ith i~irrc~t ~hcrc~,n. ~hall t+ccumc additu,nal ~
inJcMrdn~.c uf Borraw~r s~currd hv thi~ \t~~ng.~gr. t'idr.. Hurr.+~~rr :in.l 1 rn,lcr .~grcr Io c?~hrr tcrm~ ~~f pa~•mem. .uch ~
:~mount~ ~hall F?c ra~'ahl~ u{H~n nuti:~ fn•nt Lendc~ tr Brr~uHrr « yu~.tinc pa~m~nl Ihcrc~~f. and ~hal) F~:?r inhrcct from thc ~
,latr ~f ~lichurs~mcnl at thc rat~ p:~yahlc fmm timc to timc ~m c~ulct~nding principa) undcr thc Notc unl~c+ pa)~ment of ;
intercct at tuch ratr N•aul.l he contran• t~. applirable law, in whi.h.~rrnt cuch amounts tihall hear interect a~ the highect rate ;
pe~missihk undrr appli~able l~w~. N~thing contained in Ihic paragraph 7 shall reauire 1 ender ta incur a~y ezpense or take t
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.~ny action hcrcunder. •
S. laspection. I.enJer may makr c~r cau;e to be madt rea~nabk entri~ upon and incpectionc ~f the Pn•pehy, pmvided ~
that l.ender .hall give Borrowe~ notice rrior to any such inspectio~ cpecifying re• sp~Able,~~~ therefor related to i.ender's
~nterest in thc Pmperty. ' ~ _ . _ . ~ ~
9. Condemnation. The prc•~eedc of an~~ award or claim for damages, diree~ or concrquential, in rnnneclion with any j
c.~ndemna~ian or othcr taking of the Pmpeny, or part thercof, or for c~nveyance in lieu of condemnation. arr hercby asciRned
anJ shall hc paid to I.endcr.
ln the evcnt ot a ~otal takinG of ~he P~oprrly. the pr.~eeds chall h~: applied to the cumt secured b~ thic Mortgage. j
w•ith the eccea, if any. p:~id to Borrc~wer. In the event of a partial taking of the Pmperty, nnlecc Rorr~.Ner ane! T.ender t•
ntherwice agree in writin~t. ~here shall be applied to the tums secured b~~ thi~ 1?1onKage cuch pro~x~rtion ~t _~he pmceeds i
ac ic equ~l to that pro~x~rtion whieh the amount ot Ihe sumc .ecured M thic Mortgaee imm~Jia~ely prior ~c? the date of
taking hears to the fair market valtk of thc Prup~.rt~• immediately pri~~r ro the Jate of taking. Nith Ihe balancc of thc prorccds
paid to Borrower. ' (
If the Properly is ~bandoned b~~ BorroN~er, or if. after nc?tice by l ende~ t~ Borro~ver that the rnndemnor ofiers to make t:
an ~w•a~d or seule a claim for damag~~, Bormwer fails to re~~xmd t~• l.ender w•ilhin ;0 darc after the date ~urh notice is ~
mailed. I.e~der is authorized t~ collect and applp ~he prcxeedc. at I.ender: op~ion. either to restoration or rcpair of the
PmExrty or to the sum~ sccurecl by this Morlgagc. i
Unles~ l.ender and Borr~~HCr otherwicu; agree in «ritine. am ~uch-applicatic.n of pro~reds to prinripal .hall not ertend ~
ar p~xtpone thc dne date oF the monthh~ installmcnts rcferr~~d to in ~+aragraph~ 1 and ~ hcc~of ~.r chance thc amaunt of ~
cuch installrr~nts. • , ~J ~
lA. Ao~ower ~lot Rekased. Fxten~ion af the ~ime for pat•ment ar modiBcatii,n of amortizatio~ of the sumc securcd
hy thic 1~ion~age granted M• I.cnde~ to anv cuccessor in intcre.t of B~rro~cer tih:~ll not operalc 1o relcase. in an}~ manner, .
the liabilil~~ ~~f the orixinal Borrower and &~rrower e succes,~~rc in intere+l. l.ender shall not he reyuired tc• commenee
pr~keedings againu such succetsor or refuse to extenJ time for p:+yment. or other~ise modit~' amortizati~~n ~~f the sums
~~~ured h~• thi~ Mongage by reau~n of am• demand madc M• the ~rieinal Barrower and B~~rroWer s succes~ora in interect. . ,
I1. Forbe~raace by i.ende~ NM a Wai~•er. Am~ ionc~arance h~• t.rnder in erercising am• right ~r remed~• hcrcunder, or . +
~~Ihcrwise affardcd h~•. applicable law~, .hall not bc a wai~~~r uf i~r precludc ihe c~crcitc of am• such rieht ~r rcmedy. ~
Thr procurcment of insurance or Ihe papment of ta~ec ~.r other lienc ~,r charg~~ M• i.ender ~hall not he a w:~iver ~~f I.ender's
ri~ht tc? accclcr~tc thc maturih• of thr indchtcdnr.s Keurcd hc this ~lortgagc.
12. Remedieti Cumulatire. All remedies pmvidrd in thia ~tortgage are distinct and cumulative to am' ~~thcr right o~
rcmetl~• under thic vlnrtg~ge or aft~rded h~• law• or rquit~. :ind m:i~ he c~erciseJ concurrcnth•. independentl~• or ci~c~e~sivel~-.
13. .Succes.wrs and Acci~~ Boond: Joint and Se~eral i.iabilit~: Captions. The cuvenants and agr~emem~ hrrein
:~ntaincd chall binJ, and thc rieht~ hcrcundcr Lhall inurc to. thc r.w~cti~•c si~rr~,.ors and :tccigns i~f Lcndcr and Rorrow'er.
.ubject to thc pr~~~~i:ion. ~~f paraeraph 17 hercof. All co~•enanls and agreement. .~f B~~rr~+N•cr shall tx: j~~int :u~d te~'eral.
Thr eapti~.n. anil hea~l6sigc c.f the paracrsp!~: of lhic ',11ort¢agc are. fe~r convcnienre ~nh~ ~nd arc n~~t te~ tx: ucecl to
intcrprrt or definc thc pm~•i~ionc hcrc~~f. ~
14. \otice. Esrept for an~• ~Mice rcyuired unJrr JF)(~IICJF?Il la:+ t~~ tx ei~•en in another manner. (al am• ~otice to ;
B~~rn.~aer ~r.~~~ided fur in thi~ ~tortcage shall he eivrn hy mailine ~urh n+~ticc hv «rt~fied mail addre~~rd tu Bnrra«er at
th~ Pro{xn}• Addre,. a~r at ,uch uthcr :iddrecc as B~~rr~~~cr ma~ dc.~en.~tc h~ nt~ti,e t~~ I~ndcr as pru~•id~J hcrcin. and
ihl am~ notirc to 1 en~lcr ,hall t.~ ~i~•en h~' ccrtifitJ mail. r~turn r~ec~pt reyuc.lcd. t~~ I en~ler'c ad~lrest sta~ed herein or to r
.urh i~ther adJresc as LcnJcr ma~ d~aignate b~ ni~ti~e t~~ Be•rn+wcr as pm~•ided herein_ :~m~ notic~ pr.~vid~d fur in this ~
~1~~rtga~c sh:+ll be decrTxd t.. ha~~e bccn gi~en to (ic~rruKrr ur I.rnd~r ~hen eivrn i~i thc mannrr ~Ic~icnatcd herein. ~
IS. t'niform ~1or1~,a~:e; Governin~ Iaw: Se.erabilih. ~Th~. fi~rrn ~~f mnrtgacc c~mFiin~s uni(orm ~r~•en:?nt~ for nati~~nal •
~i,e an~) m~muni(~,rrn c~•~rn~m. with limite.t ~arialion. h~~ juri~~trrtinn to c~mst~tut~ a uniforni cecurit~• imin~m~nt rn~~enng ~
i rral propert~•. Thi; ~1orl~age shal! t~c guverned h~• the law i+f thr juriti~li~tiun in v?•hi~h the Propcrt}• i~ lixated. In the
c~•~nt th~t an)• pr~~visi~m ~,r elaucc of Ihic MortE~~c rr thc \~ar ~~~nlli:t~ ~~ith :~ppiirahlc laM•. cuch rnntlict ~fiall not afTect
~ ~~ther pru~i~iunc uf thi~ M~,rtua~e nr !he ~'~~t~ whi~h ~an hr ~iv~n efir~t ~~i!h~ut !he runflictint pri~~i~i+m. and to this
j rnd the pr.n i~iont of Ihc ~1~rt~ace and the \~~t~ :ire Jrclared tu he ~e~~rrahlc.
f ~ 16. Bnrmwer's Cop~. Borr~»ccr .hal) i+c furni~he.l ~.~nf~~rmcd r~~E~~~ ul thc ~~,~r .+n~l of ~hi~ !~1~?rt~:~~;e at the time
executicu~ or a(tcr rr:ordation herrnf.
~ 17. Transier of t6e Propert}~: A~cumption. If all ~~r :~n~ ~.irt ~f thc Pr~~~rt~• .~r an interest thercin i. s~~ld or trancferred
h~• Borrc~wrr without l.cndcr'~ prirr writtrn ron~cnt. r~cludi~ig la~ thc crrati~~n of a licn ar cncumhran.c sutx~rJinate to - i
~ thi~ :bt~,rtRaee. Ih1 the creati~~n of a purrhak ni..ne~ k:urit~ intrrest fc~r houuh~•ld apptiancec. (e) a tramfer h~~ de~ise. ;
: ~ir~cent or h~• .~~ration of l:~w upcxs the ~icath ~~i a i•~i~~t trnam or I~i~ the erarn of am• I~aschold interest of threc )•carc or less ~
~ not containing an opt+on ta ~urchase. I en:ler m:~~. : ~ 1 rnder', ~•ptirn. deilare all the sums secured hy this ~tortgage to he ;
4 :mmc~iiateh~ due and pa~~afile. I.ender ,liall h:i~r ~~ai~~d ~~~ch ~~pti<~n tn acccler.ite if, prior to the ~ale or transfer. Lender ~
~ :~n~ the person to wfic~m the Pmprrt~• ic to t?< <ol.I or Iramf~rreJ rcach aLrcrment in uritiiig that the cre~it of surh person ~
~ i~ s~ti~factory tc? i.endrr and that the interc.l pa}~able ~n thc ciim~ ucured b~~ thi~ ~lorteage ~hall be at such rate as I_ender
~hafl request. lf I.enc,ier has waired the ~~ti~~n ~o accrler:~tc pr~~~•ideJ in this paraeraph 17, and if B~rrov?~er's successor in
~ mterest hac executed a w•riUen assumption agreement accrpted in uriting hy I.en~ler, I.ender shall releasc Borrower from all ~
~~hligationc under this 11i~rtgage and the Note. !
~ Tf I.ender exercices such ~~ption te. acccleratr. 1 cnder .hall mail R~rroWer notice of acceleration in accordance with
~aragraph ~4 hercof. Si~ch nutice ~hall provide a peri~til rf m•t Ies. than ?0 da)•c fmm the date the notice is mailed ~+ithin
g uhich B~rruw•er ma~• pa~• the cumc declureJ due. It Bi~rra~+er failc t~? pa~• w~h ,nm. prinr to the expiratic~n ~~f cu~h period. ;
$ Lender ma~~. with~ut furthrr noticc or ~cmand .~n R~•rrowcr. in~~ke an~. r~medics ~~mitte:l M~ paragraph 1R hercof.
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~ lVo~-UxtFORnt CovEtv~xTS. Borrow~er and 1_enJer funhcr c~venant and agrct as follows: ~
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~ 18. Accderatioa: Remediec. Except as provided in para~raph 1'7 hereof, upon Borro~er's breach of sny coveaant or
agreement of Borrower in this ;1lortga~e. inclndinR the co~•enaols to pay when due an} snms sccurcd by this Mortga~e, Lender
prbr to acceleration sball mai! notice to Borrower as pro~ided in paraRraph 14 hereof specifj~ing: (1) tl~cbreach; (2) the adion
= rcquired to cure snch brcach: (3) a date. not lecs than 30 da~s from the date the notice is mailed to Borrower. by whkb snch ;
breach must 6e cnred: and (4) that fallure to curo such breacb on Qr before the date specified in the notke may rssolt in
` acceleratlon oE tbe sums secured by this MortRage. foreclosure by judlcial proceeding aad sak of the Property. '[be notke
shall further i~orm Borrower of the right to reinstate ~fler accekntion and the right to asserl in the foreciosure proceeding ,
& the non-exisleoce of a dcfsuk or anr other detense of Borrower to acceleration and foreclosure. 1f ihe breach is oot cnred on
~ or before the date specified in the.aotice. I.ender at Lrnder's option ma~ declare all of the sums sccnred by this MortRaRe to be
~ immediately dne and paysbie withont further demand and mav forcclose this Mort~age br judkial proceediu~. Lender shall
~ be entitkd to colket in such proceedin~ a!1 e:penses ot foreclosure, including. but not Ifmited to, reasonable sttorney's fees.
~ and cosis of documentary evidence, abstractc and title repoirts.
~ 19. Borrower's Righf to Reinstate. Notwithstanding I.ender's acceleration of the sums secureJ by this Mortgage.
~ Borrower shal) have the right to have any proceedinp,s hegun by I.ender to enforce this Aiortgage discontinued at any time .
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