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i~nJci'< «nit~n agrcrmcnt ur app6:ahlc I:~K'. ~~UffUNCf :hall pa~' Ih~ amaunt ut .~II moilba~:c in,ur.~n:~ prcmiunu ~n Ihc
ntann.~r ~i~~vul~•~I unJcr ~•ara~raph 2 hcreof.
:~i~~~ am~~unt~ d~.hur~cd br I rn~lcr pur.uant t~~ ihis par.~~raph 7. }th ~otrre~t, hic~~~~n. ~ha8' 1+c~~~t
f~dJiuunal
in~ich~~Jnc.. ~~f li~~rrr~~rr ~ecurrJ H~ ~h~c ~t~?rtcaEr. l nic.~ Hurru+~rr an~l 1 rn,lrr :~Err~ M~othcr lcrm~ ~f• paymrnt. ~uch
anu,un~. ~h.ill tx ~?a~;~hl~ up,atinuti~~ frt,m I rndrr tu Burr~~~~~r rryur.iinc pa)~ntcnt Ihcrrrf. and ~hall t+~ar intrrcct from the
date ~~f di.bur~ement at ~hc r;itr {~:i~•aMr fn•m timr t~~ ~imc an oinsl;,ndinc prinrip;d under the v~•tc unle~c payment af
intere~t at su:h rat~ ~~iit~l~~+c ~•u`IU.~n~ :~rr~~,;,h~~ 1:~~~• j~~ ~vhi~h ~v~nt curh :~mruntc ~h:ill hcar in~cre.t :~I Ihc hi~hcct rate
pe~mi,aihl~ undcr ~ip~~b t'l~vi~~~ N~~thing a•~~ained in thic par:~aruph 7 chall rcyuirr I.ender to incur aiw r~pense or take
any artion hcrcundcr.
8. Inapection. l.en~lrr ma~• makc ur rau.e )~i he made rca~onaMe rn~rie~ upun and incpertinnc ~f ~he Pm~x rty. pmvided
that 1 cndcr chatl gi~•c B<.rmacr noticc ~~iirr to ,jny ciiCh infpce~iym~s~xuif~ing rras~~nablc .au~c Ihcrc(~~r rclatcd 1~~ I.cndcr'c
intcr~ct in Ihc P~opcrty. . ~
9. Condemnatbo. The pnxrrdc of :m~~ award or ciaim far damages, direci or con.equential, in c~•nnec~ic?n with any
ronJemnatian ~~hcr takin~ of 1he Propcrty, ~x part Ihercof, or for a~nve~~anre in lien ~~f c~ndcmnation, :~rc hcrcM~ :~c~i~encd
and shall I+c paid t~. 1_endcr.
In ~he event of a t~?tal takinc ~•f the Pr~?~rty, the proceeds chall he :irplieJ t~ the cum~ aerured hp ~hic M~~rtga~e.
W ith thc crcccs, if any; paid U~ Borrowcr. In Ihc evcnt of a partial taking ~~f thc Properl~•, nnlcec Borr~~wc~ :~nd I.ender
rthc~Hicc agrce in a•riting. thcrr shall hc applicd to thc cums kcunJ h~• ~hi< MortFa~r curh pm~+orti~~n c~f thc prcx~ceds
as i~ equal to that pro~x~hi~~n ~~~hich the amuwri Ihc sum~ ~crurcd hy ~his \1~~rlcagc immrdiatch- prii~r t~~ thc date of
Iaking hears to the fair marlet value ~•f the Propeny immcdiateh• prior to the ~la1c of takin~t, w•ith ~he bal~nce of the proceeJs
paid t~. Borrow•er.
Tf thc Propertt~ ic ahand~ncd b~ Borrow•cr. ~~r if, aftcr n~ticc M• Lrndcr M Bi~rr~~wrr Ihat thc rnndcmn~~r ~Rcrs to make
an award or Setllc a claim for dam;igc~_ R~~rmwcr faik t~~ re•~x~nd tc• 1 crtdcr w ilhin Zf/ da~•c af~cr thc datc cuch noti~c is
m:~iled. Lcnder i~ authorized to rnllect and apph' the pmceedc. at l ender'c ~.~tion. either to recroration ~r re~air of the
Propcrt~ ~r t~~ thc cum~ ~ecured h~~ thi. I11c+rtgaec.
Unlcs~ I.cndcr and Born.«cr ~~thcrH~isr agrcc in ~~ritin_~. anv ti~~~h ap~.licati~~n nf prckccdc t~ prinriral .h.ill ~u~l crtcnd
or ;x~ctpx~ne Ihe due date of lhc monthl~• inst:?Ilmcnt~ r~frrrcd t~~ in r:iraera~•h~ I and 2 here~f ~~r cha~igc Ihc amounl ~•f
~uch installmenle.
10. Bo:rower NM Releaced. (?~~rncinn of the time f~.r pa~mrn~ or mc~diBra~inn ~f :im~~rti~ation ~f the wmc ~e~ured
b~• thic M~~heaee granted b~• l.ender li~ am~ cucccc~~?r in inlrre~t af Ai~rrower tih:ill not ~q•e:ratc !i~ relcac~, in an~• tnanncr.
~h~ liahilit~ uf the urieinal Bc~rro~ser and Bi•rrow~r'c ~u~res.~.rn in interc.t. 1 cn~lcr ~hall m•t hc rryi~irrd !u c~mmenre
rru~cc~iin~:c againct ~uch succL~a~.r ~.r refu~ h. ~~tcnJ limc f~r pa~°nicnt nr othcrnik nuxtif~• am~~rtizatii~n rf thc sums
~erured M• thi~ Mrrlgagc M• rc~~rn ~~f am dcmand maJe M thr ~•ri¢in:~l Rnrn,«~cr :ind R~,rr~wcr c curcc~.,•r~ in iMcrcct.
11. Forbearanre b~• I.ender \ot a~~'ai~er. ~n~ f~~rFkaran.r M 1 cnder in crercicint :mc rieht ~.r remcd~• hcrcundcr. or
~~th~rai~e aft~~rJed h~' a{~pliraMr 1:~~~. .h:~ll n~~t I.e a~~•ai~er i~l ~~r preclude Ihe e~ercise am• ~urh rieM „r remedc.
Thr pnkurement of insurancc ur thc ~•aymcei~ o( ta~i~ i~r u1h~r licn~ .~r ~har~r~ hy I cndcr ~.hall not hc a Hai~•rr ~~f Lcndcr'c
ri¢ht t~. accrlrr~tc thc maturity of thr indchtcdnr.~ .rc~ircd h~• tl~i~ ~1i•rtYa~r. ~
12. Remedies ('nmulati~•e. •~II rcmc~liec ~m~~dcd in thi~ !11~?rte:ikc arc dis~inct and ~umulativc t~ :~m~ ~~thrr richt nr
remc~i~• ~indcr Ihi. Mor~cagr or atT~~rdcd h~~ la~~~ ~~r ryuilc. an~l ma}• Fx r~crci~c.l r~,ncarrrntl~~. indcpcndentl~~ ~~r .~~<i<«ivrl~•.
13. Succcssors and :1cci~nc Bound; Joinl and Se~cral I.iabilih: ('aptlons. Thc ca~cnan~c :~nd agr~rmrnt~ hcrcin
c~~maine~l ~hall hind. :~nd Ihe rieht~ herrunder ~hall ~nur~ thr rr~~kcti~•e ~ncce.,rn :ind a~~ikn~ ~~f l en~ici and Rnrrower.
~uhject t~• the pri~~i~i~~n~ ~,f par:~qraph 17 here~,f. ~\II ro~~nanh :~nd :~ereeminl~ ~~f R~~rnnter shall Fx i~~irit :~nd ~c~~eral
ilu ~'arli~in, .in~l lic~din~~ t~f ~he r:~ra?!ta~+hc ~~f thi~ ~1~~rt~:i~c arc f+•r a~nt•cmrnc~ i~nl~' an~l ari m,t 1~~ Ix uccd t:~
int~rpr~l ~ir dcfin~ thc nrii~i~i~~n~ herci~f. ~
14. ~olice. E~ccrt f~~r :~m• nMi~c rrynir~d un~lrr a~t•lirahlr la~? m h~ ei~~rn in an~,thcr manncr. fa) :in~• nMicc t~
Rurm~~cr pmvidcd f~x in Ihic ~1~rtgaee ~hall I.c gi~•rn h~ m:uliie~• .uch n„ti~c h~~ .rrt:ficd m:~il addrec~cd R~rm~ccr at
thr Pr~q?irt~~ A~Idre.ti ~~r a1 cuch ~uhcr :~Jdrc« a; B~~rr~~wrr nc~~ dc.ienatr h~ m~ti~c t~~ ( rnilcr ac pr~~ridr~l hrrein. and
Ihl ;?m n~•U~r t~? 1 en~lrr :h:ill I•c _~i~•en h~• rertifieil mail. rrturn re~•e~~,t reu~ie:tr~l. t~~ I cn~ler'. adJretic atatrd her~in ~~r to
~uih ~,thrr .~ddreti~ LrnJrr tn.~~ dr~ign.~tc h~ n„tii~ t~~ B~•ir.~~~rr ati E~n~~iii~~l t~~icin ;~m• nntir~ rr~~~~idc~l f~,r in thia
~ \t„r1Y.iec shall F.~ ~Iccmcd t~ h;~~~e Ixc~ ei~rn 1~~ It~.rr~,~cer „r I rn~l~•r ~~hrn ii~rn in thc m.~nnci dc~ienatcd hcrcin.
I 1~. ['niform ~lortkaQe: (iorerninp I.a~~: Se~erahililr. 11:~~ I.,~n~ ~,t m~+n~~aer ."mhim•c unifc~rm r~~v~n:~nt~ f~,r n:~liunal
; u~r an~l ~u~n ur.if~~rin ,:~~~cr:~,~t~ ~•ith limite~l ~ariati~,n. hc jiiri~~l~~ti~~n t~~ <<~n`tttutc a ureif~~nn ccr~~rilt• instriimcni c~~~•enng
4 real pn.~x;rn. "Thi. ~~1~f1~JL~ ~hall tk ~i~v~rneJ hv ihe la~? a~t the iuri..licUun ~n ~chi~h the Pre~pert~' i. I~xated. In the
e~•rnt thal am~ ~r~~~•isi~~n ~~r rlai!~c ~•f thi~ \lnrte:+ec ~~r thr \,~tr ~~~~~itli;~. ~.ith an~li~ahle lau. :unc ~i~ntlict .hall nnt affect
( ~,thrr ~,n~~~.i~~n, i~f th~c !11~~cI~:~e< <~r th~ N~~t~• ~~Inih c.~n hr ~~i~iri etT~cl ~~i+h~~iit Ihc c~~nlliili!tt prn~'ictun. :~nd Ic~ this
~ ~nd thc rr~~~i~irn~ nf thi• ~1rrt~:ter :~itd thr \,~t~ :~rc ~I~cL~r~d t~~ he ~e~•r~ahlr.
16. Bormwcr's ('op~. Borr~.~+cr ~hall h~• fnrni.h~~l ~~•nl.,nnr~l .u~,~ ~,f tt?r \~~t~ :~n~l ~~f thic ':11~~rteacr at thc timc
f ~~t c~rc~rtiun ~~r attrr r~.~~rdati~m herec~f.
17. '1'ransfe~ of Ihe Pmpert~: :~titiumption. If :ill ~~r :~n~ ~~,~rt ~~t thc Pr~~~xrh• ~~r an mtcre~t thrrcin i~ ,~~Id ~~r tran~fcrrcd
h~• B~rr~~wcr ~tiith~,ut Lrndcr'~ pr:rr w~it~rn ~umrnt. r~iluJinL th~ ircali~~n i~f a licr~ nr cncumhran~c ~uhur.lin:~tc t~
th~~ ~1nrt~a~r. fhl thc rrcatic,n nf rur.~h:~~c m„nc~ ~r~iirir~ irurrrct fi~r h~n~.ch~d~l a~~~li:~ncc~. ~cl tran:fcr h~• dcvisc.
dc~r~nt ~~r h~ „~~rra~ion i~f la~~ ~ip~m thc .f~ath ~~f i~~r~it t~n;int ~~r l~i~ thc eranl „f :m~ Irauh~~ld intcrect ~~f thre< <~c:~re ~~r Ic~~
ni~t rc.ntaininK an ~~pli~~n t„ ~,i~rchasr_ I cndrr m.~~ :~t 1 cndrr'~ ~~rsi~,n. clrcl.irc :~II thr ~wn~ ~c:;ircd h~_this ~t~.rtg:~KC 1~~ bc
~mmr.liatcl~ duc and ~.a~~aMr. 1~ndcr .hall I~a~c ~+.~i~~~~i ~~i.h ~,pt~~m t~~ :icr~lcr.~tc iL ~rinr t~, thr ~alc „r transfcr. I.cnder
:imt thc ~cr~„n r~~ wh~~m th~ Pmprrt~~ i, 1~~ hc ~~dti ~~r tran~trrr~il rr:~ch :i~rcrrnrnt in Nrit~n~ that thr cre~iil surh ~?crton
i~ sali~fa~t~~n t~~ I.enJcr :~nd th:n thc inlcrr,! ~~a;;~hlr rn thr ~~im. .rcured h~ ti~i~ \i~~rt~aec chall he at suih rate as Lender
~h.~ll rcyu~~t. If 1 cndcr ha~ ~rai~c.i thr ~~rti~an :~~,~lrr.~t~ pn~~•idrd in thic ~,.~ri~~r:~ph 17. and if I3rrr~~w~er'~ tuccccs„r in
~ntcrc.t ha~ crcrutcd a~~rit~rn as~um~~i~m :~crrrmrm a~c~~~tcd in ~+rit~ng h~• I rn~lcr. Lrndcr ~hall releau B~~rn•wrr from all
~~hligah~.m undcr thi~ ;11i~rtgagc and thc !~rnc.
)f Lendrr ~~cr~icr. cnrh ~~ph~~n t~~ accrlrr.~te. 1 en~i~r .h.~il rr.:iil B~•rm+~er ni~tice ~~f acreleratirn in arc~•rdance uith
~ para~rarh la htrc~~f. Such nuticc .hall ~.r:.vi~1r E•~ri~nl uf n,~t Ir;. than ?n Jac. fr~,m thc datc thc n~aicc i~ m:~ilcd ~~•ithin
~~hich B~~rr~~wcr ma~~ ~•:i~• thc ~um~ Jc~lar~il dnr It B~,n~~«rr l:iit~ t~~ ~~ac ~u~h .~im~ rn~~r t~~ Ihc ct~ir:iticm uf tiurh pcri~~d.
Len~icr ma~•, with~~ut furthcr n~~~irr ~~r il.mand c~n li~nruti.rr. iinr{,r ;~n~ rrmedies ~~ermrtled h~• ~aragraph IR here~f.
~ NO~-UI~IFORM CO~~ev~v7s. E3nrmw~cr and 1 cnJer f~irthcr cn~enant and aercc as follows: .
~ 18. Acceleration; Remedies. F,xcept ac pro~ided in paraRraph 17 6ereof, upon Borrowet's bnach of any co~enanf or
~ aRreement of Borrower in this ~1ort~a~e, includin~ the cmenants to pa~• when due any sums secured b~~ this ~tort~age. I.ender
~ prior to acceleration shali mail notice fo Borrower ac pro.ided in para~raph 14 hereof specif~inR: (1) fhe breach: (2) the action
required lo edre such breach; (3) a date. not less than 30 da~c in?~n Ihe date fhe notice h mailed fo Borrower. ny ~shich such
~ breach must be cured: and (4) that failure Io cure such breach on or before the date specified in the nutice may result in
a acceleration of the sums secured b}- thic 11or1Ra~e, foreclosure b~• judicial proceedin~ and s~tle of the Property. 7Le nofice
~ shall furlher inform BorroNer of the ri~ht to reinclate after accekration and the ri~ht to acserl in the foreclosurc proceedi~
~ tht non-eaiqence ot a defauN or am• other defense ot Rorrowe~ to acceleration and foreclasure. if the breach is nof cured on
or before the date specified in the notice. i.ender at I.ender's optfon ma} declare all of the sumc secured br thi~ MortRa~e to be
~ immediatelv due ond payable without furlher demand and may foreclose this Mort~a~e by judicial proceedin~. I.ender shall
~ be entitled to co11M in such proctedin~ all expenses of foreclosure, includinR. bui not limited to. reaROnable attorney's fees,
and costs of documentary evidence. abstracts and tiNe reports.
~ 19. Bomower's Ri~ht to Reinsfate. Notw•ith~tanding Lender'. accelcration of the sumc cecureJ by this Mortgage.
Borrower shall have the riFht to have am~ proceedings F,egun hv Lender t~~ e~force thic 111orl~age discontinueJ at any time
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~ ROOR 29~ ?`IIGf ~~Q~ ~
~ 31~ ~a~E~.~d3 :
~ ~.~r-rt~ ~
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