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1 rndrt's ssnttrn agreement ur .?pphr.+hlr Lns. Norro~er shall pay the .?ntt+unl t+t .+II m++rt?:agr insurar+~ ip~•mit~tt~•rtljthr ~ i•
r.+ann+:r prt•sidett under p;uagraph Itrreol
:\nv am.,tmh drhursed by I rnJer pur.u:u+t tt+ 'his par,l~~r;y+h s+?h uurrest thereon. shall hrcontr additional
In.lrh!e~lnrss .+1 liormwrr securrJ hs thls \t++rtgal;r 1 nle.s lit+n++'•+rr and I rn,ter .+grrr Io other terms of {,:+ymrnt. such
an+~auth shall I,e payable upon utai.r fn~m I ender t++ Bt+rn+w~r u.lurstine p.+vmrnt th~•rr.+l. •+nd sh.lll Ik•ar inlrusl fn+m the
,late of disbursement at the rate p.+s'ahle (r.an time to tune .+n outstanding principal under the \ote unless payment of
interest at such rate ssouitl he r.+ntran to applicable law, rn which esrm such amolntts shall hear interest :+t the highest rate
permissible undrr applicable lase \othing contained in this paraLr.+ph 7 shall reyulre 1 ender h, incur arc rspense or take
.uty action hereunder. ;
8. Inspection. I cr.Jrr n+as• m•+{.e or gal+se to F+c made reasonable entries up++n and inspe~t++ats of the Property. pnn•idrd
that I ender shall gis•r BPrft,wrf nt+ti~c prior to atw such impr~lion spe~ifsing reasonable c:ursr therefor relatrJ to I cndcr's
+nteust in the Property'.
9, Condemnalir?n. The pr+,creds of :u»• award oe,c~igt+{.>i damages. direct or comequential. in connrrtion with am• i
;ondemnatiun or other taking, of the Pnsperty, or pall Iherehf. or for conveyance in lieu of condrmn;+tian.:+re hereM• assigned
.+nJ shall he paid to 1"cndcr.
In the event of a total taking of the Property. the pnt.eeJS shall Le applied to the wms xcured M• this \t+?rtgagc. t
faith the cvicecs. if am•. peid to Born+serr In the event of a partial taking of the Pmr,crtc. unless Borruserr :+nd i.endcr
uthenvi.e agree in writing. there shall he applie.l t+* the sums secured by this !Mortgage such proportion of the pn,ceeds
as is cyual to that proportion which the amount of the sorts secured hs this Mortgage immediateh prior to the date of
taking hears to the fair market valor of the Proprrq• immediately` prior tts the date oftaking, with the balance of the proceeds
pail to Borrower.
!f the Property is abandoned by Borrower. or if. after notice by Lender to Born,scrr that the condemnor offers to make
:+n award or settle a claim for damages. Brrrow•cr fails to reset+nd to 1 cndcr within if1 days after the date such notice is
mailed. Lender is authorized to collect and apph• the pn~creds. at e['s,atpllR(t• .~i(htrr,lq,~oration or repair of the
1'roprns ar to the sums secured hv_ this Mortgage. - . .r • .
Unlrsc 1_rndrr and Borrower rihensisc :+Frcr in writireg.:uts .u. :~I~rnp~It1~4~~?~It~~~~'•~~ sh:dl not rvtcnd
or pt+stpone the due ti:?te of the uu+l?th{v installments reirrrcd to in 4a_ ` tkCi#Q~. * ~`~,4~tan~ th~ amount of
such installments. s'..,r% k'.1 W' 1'C.:•;?~
10, Borrower \'ol Released. t=vtrnsil,n of the flute for pas me ~ + ~1hon of the ~rrmc «cured
by this ;~1ort>:agr eramrd hs• 1 cndcr to arc successtr in interest of Borrower shall not olx:rate to re~casr. ut am• manner.
the hahility of tnc original B++rrower and Borrower's successor: in interest. 1 enter shall rat he required to commence
+r,+credin~s against such sue:rssor or refu.e to ectenJ time for pavntent or othenvisr m+xlify amortization of the sums
sr:urcd by this Morteage by rcasrn of am~ drm:+nd made M the rriginal Borrower :+nJ B++rrower's strccrssors m interest.
11. Forbearance b~• Lender \ot a \\•aicer. ~\ns f++rFxaran~r h•: 1 undrr in rserci.inz :+m right rr remedy hereunder. t,r
,+thrrwisr atTorded ht applicahlr I;+se, shall not hr a ssaisrr l+f.++r preclude the esercisr of :+m• such right or remedc.
hhr procurcmrnt of insurance or the p:?ymcnt rf fasts ++r ++tt:er liens ++r charges he Lender shall not Fee a •s:+iser t,f 1 en.lrr's
rich! to accelerate the mahtrity oC the indehtrdnes sr_ured hti this \lortgagr.
12. Remedies (•umulativc. •111 remedies ptrsidcd in this \t.+rtgagc arc distinct and cumulative to arts- ++ther right •r`r
rrmcde under this Moneagr or atlorded hr lass or cyuity.:md mas F,e rsrrciuJ concurrrnth•. independentls or succrssiseh.
13. Successors and :~ssiRns Bound: .loint and tieseral Liability: ('aptionc. The covenants and agrrrnunts herein
.,+ntainrtt shall hind. and the rights hercunJer shall inure t+~. the respectise srccesors ant assigm of l.rnder ::nd Borrower.
subject to rhr pn+sisions of paragraph 17 hereof. :\!1 cusrciant, :ultl :+grerments of Borrosccr shall Ix j.+int and seseral.
The t:rptiuns .uxl headings o~ the paragraph, of this ~fortga_e arc fir ronvrnience only' and are nt~t to F,e used to
rnirrnrct or define the provisions hereof.
l.i. \otice. E~aept far :ut~' notice rey+lired outer applicable 1:+:+ t++ ha` gi,~r•t in another manner. (al :+ns• notice to
{iurnnvrr prosided for in Ibis Mortgage shall t,c gi,rn hs m.,ilit+,~ such n.+t+cr hs ~rrtificd trail addressed tt+ Brrroscer at
the Prot~erty :\tldress or at sech other address ,ts B++rr<+scrr mas drsiinatr hs n.+iicr n+ 1 cndcr as procitird herein. and _
t`~:+ art, notice t+? I cutler shall hr given by cerNfecJ mail. return receipt rcyuestetl. to 1 cndcr'•. address sr.+trd herein or to
such other :+Jdres. as I.erdcr mas designate M notice Borrower as prosidul herein.. ,\nv notice providr.l for in this
\IrrtLat!r shall F,e deemed t~+ h•+sr been gis~rn to Botr++wrr or I ender '.then given in 1hr manner designated herein. "
E 7=. t'nifurm ~Torfgat;e: Guvernin>' T.aw: Se,erabilih, 1!ri. t++rr.t ,.f mort~at_e ~omhines uniform :ovenant. f.+r national
E list aT.d n.+n-llrtlf++rllt It+, t•nant~ ith limite.l ,,;r Glltorh hs fllrl~tn:tlt+n it+Il~hltll~ a uniform Sel Uflt\• instrument l'OCl'rln~'
~ real properts. This \fortagc shall t,r gosrntrd bs the law !+f the itlristhrtion in which the Pmperts• is Itx:ated. In the
r ~,~rnt ttr•It :+rtv nr;.visiun ++r clau.r of this \lortc;++_r ++r !hr ~t+tr ~++ntL.-ts ssith :+prlirahk lass. such conflict hall not affect
,+thrr pn+:tsions of this \tortgagr or the Notc which c,ur hr given rfTect sci!hout the conlli:ling pms~ision. and to this
end the r+r.+s Isions of ihr \1or1•~aLr and the \t+tr are Jecl:+rrd h+ he severable.
16. Borrnw~ers Copy. Borrower shalt h.• fu*nishrtt c.~nlt+nnaf ~++IL, of th~_ tiotr ant of this \1ort~agr at the time
c~e:ution or alter recordation hereof.
17. Transfer of the Pmpertc: ~ssunq?tioo. If all .+r :un part of the Pr.+perty +,r an intrust !herein is s,+ld or transferred
he Borrtnsrr ssith.nrt l.rndrr's pnor written ~unsrnt. rscluding r:+r the crr:+tirn t,f a lien or encumhrans urhortiinate to
this M++rtgage. (h1 the creation of pt:rchasr ntt+nrs srcluits intrust fl+r ten„srhrld apple;+nces. (ct a tr,+n.frr he devise.
tirscent t+r he oper,+tian of law ~ptat the death .+t it+nrt R•nant or (J+ Ihr Grant of ans leasehold interest of three vicars or Icss
not containing an t+p:iun tt• purrha,r. 1 rn;kr in:a. at I cnJrr'~ t+puta+. drel:+rr a?I the sums secured he this \lortgagc to hr
~mmrtliatrh due and payable. Linder shall h:nr wat•.rd such option tt+ accelerate if. prior to the sale or transfer. Linder
and the person tc, whom the pet+perts' i. to hr sri;l .v transtrrrrd reach :r_rcrmrnt in ssriting that the ~rrttit of such person
sati.fact++n to I cutler and that the intrrr.t p:n:,hlr .+n the sum. secured hr this \lortgage shall he at srtrh rate as Lender
sh:+11 request. If 1 cndcr has waived ihr opti++tt to a:;elrr:+te prosided m thi. paragraph 17. and if Borrower's successor in
uttrrest has e~ccutrd a written assumption agrecrnrnt accepted in wrung by 1 cndcr. Lrndcr shall rckasc Bornwcr from all
+hlications undrr this \tortgagc and the Tote.
If Lrndcr evcrciccs such t+ption to :+ccrlrratr. I ender shall mail &,rmwer notice of acceleration in accordance with
rarlgraph Id hereof. Such nuticC shall pnn•ide prriotl .+f m+t Irss than 3n does from the date the notice is mailed within
.thich &+rrowcr mac p.+v the sttms dccl:urtl dnr tt 13++rrowrr ?.lie. to pac such sums prier to the rvpir:+hon t+f such period.
Lenacr m,+s•. s?ithout further unfree r.r drm:utd ++n Itrrn+wrr. nt•:ol.c am remedies pcrmlttr.l M• paragraph IR hereof.
Not-U`•:tFORM Covr!vs~;rs. Borrower and 1 cndcr further rncenant and agree as follows:
18. Acceleration; Remedies. Fxcept as prosided in paragraph 17 hereof. upon Borrower's breach of any covenant or . .
_ a{;reement of Borrower in this Mortgage. including the covenants to pay when due arn- sums secured by this Mortgage. Lender
a prior to acceleration shall mail notice to Borrower as prosided in paragraph 14 hereof specifying: (1) the breach: (2) the action
required to cure such breach; (3) a date, not less than 30 days from the date the notice is mailed to Borrower. by which such
breach must he cured: and (4) thaf failure to cure such breach on or before the date specified in the notice may result in
acceleration of the sums secured by this Mortgage. foreclosure by judicial proceeding and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding
the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. if the breach is not cured on
or before the date specified in the notice. Lender at i.ender's option may declare all of the sums secured by this l~fortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to collect in such proceeding all expenses of foreclosure, including, but not limited to. reasonable attorney's fees.
and costs of documentary evidence. abstracts and title reports. `
19. Borrower's Right to Reinstate. i`Iotwithstanding 1-rnJcr's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have arc proceedings heeun by Lender m enforce this 11ortgage discontinued at any time
6~Cr. JU~ DACE fG`t7~