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I.~nJ:i~S Nfllll`il agrc~m~nt or app6~.~hlc le~. Iturro~~~r chall pay thr'am~~un~ .~f all m~~ttK~;} it}~uran:o ~frcn#~is m thr _
m;,nnrr pr.~~•iJ«I unJcr paragraph 2 hercof. ~
Am• amuuntc di.hurscJ by t.cn.kr pur.uant tu this ~ar.~g~aph ~~~ih int~r~~l ihrre~,n. ch:~ll F+~c„mc additi~~nal
inJ~h~~Jnr., „f li~,rn.~rr ~crumd h~• thic Mon~a~c. l;nlc., Bcx~.~ti~e~ an~i I cnJcr agr~r to ~th~r ~crm~ c~f pa)•mcnt. ~uch !
anu~uMc ~hall hc pa~•ahlc u~~n n~~~icr fr~~m I.c~d~r ta Aorr~~wr~ r~yu~.~inti p:~~~mrnt ~hcrr~~f. and ch:~ll t+~ar intcrcct fmm thc
~1ate i~f di:hurcemcot at +hc f811' pa}~aMr fmm ~im~ jQ qi L?u1st.+ndin~ principal under thc Note unlcs. payment of ;
intcr~zt at such ratc ~~~ulil bc ~untran~ t~, appli;ablc la~v.~rr`~fii~~ cvcnt «~ch am~~unt~ ~hall hcar intcrcct a~ thc highect ratc
~xrmissihlc under applicablr la~~. Nothing con~ained in Ihi. paragraph 7 shall rcquirc t.cnder to incur any e~pence or take
any ar~ion hcrcundcr.
8. Inspection. Len;ler ma~• m:~kr or cause to be made rea+onable cn~rie~ up.~n and inc{kc~iun~ of thc Pro~xrty, provided •
that l c~~der shall givc Borrow~e~ noticc prior to any xuch ins~ction ~pccifying rcasonablc causc thcrcfc~r rclatc:i to l.endcr's ;
interect in the Properly. t
9. Condemnation. The prc•ceedc of any award or claim for damaees, direc~ or a~n.equeMial. in connection W~ith any
c~ndcmnation or uthcr takinR of thc Pmperty, or part thereof, or for convcyancc io lieu of condcmm~tion. arc hcrchy aceigned ;
and shall !+c paid to l.endcr. {
ln ~hc cvent of a trnal taking of thc Propcrty, the prekceds thall hc applie.l to ~hc ~ums ucurcd hy ~hi. Mnrtga~e.
w~ith the crcess. if any. pai.1 ta Borrrw•ec )n the event ~f a partial taking of thr Properl)•. i~nlct~ R~rr~~w~er and l.endcr i
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:~therwise agree in writine. there shall he applied to the tums +ecurcd h~~ thi. '~1~~r~gage wch ~roF?i?r~ion ~f the proceeds ;
as ia equal ta that pmFx~rti~~n which ~he amount of the sum~ se~ured h~• thi~ vtortgage immediateh• ;?rior ta the date of }
takinR hears to the fair market valae of ~he Property immedi~tely pri<~r to the .late of t~king. ~ ith Ihe balance of the proceeJs
paid tc~ Borrower.
If the Propert~• is abandoned br Borrower. ~•r if. aflcr nMicc by l.cnder t~ B~.rr~wer that thc rnndcmnor oRers to make
an aw~ard ~.r settle a clai~n for damage.. Borrower fail, tn rr~M~nd tc~ I.enJer within ~0 dav. ~fter thr d:NC surh n~tice is
mailed. I_ender ia autharin~d to collect and apply the pmceeds, at I.ender i option. either to rectora~ion or rcpair of the
Proprny or ti? the sumti xcurcci M• thi~ ~lortgaee.
Unksc l.ender and BorroH~er otherw•ice agree in w•ritin~. am• se~ch applicatii~n ~f prcxeed~ to principal ~hal) not rrtend
or pu:tpi?ne thc dtr_ ~~c c~f thc mnnthh' installmcnls refrrr~d t~~ in paragra~hr ! and hercof ~?r rhangc thc am~•unt c?f
such instalknentc. ~
10. $orrower ~1at Releaced. Frtension of the timr for pa~•ment or mociifirati~m of amorti~a~ion c?f the tium< <erured ;
hy thiti M~•rt~~agc graniccl !~y l.endcr to any wccctiwr ii~. intrrc.t ~,f R~•rrawcr ~hall not ~~xntc to rrlcasc. in an~• m~nncr.
the liahilit: thc origiq:d BorroH~cr and Rorrow~er's sucres,c.rc in intcresl. I.cndcr ~hall n~t he rcyuired t~? rnmmence
pr~kccdings ag;sinst- such succectt.r or rcfuce to c~~cnJ timr far paymcm ur othcr~ i~c modif~• amorti~ati~?n ~~f thc sums
.reured b~• tki~ M~~ngaga h~~ macon of am~ demanJ madr M• the ~~rieina) Rormwer and B~,rmw•er s~ucceti.~r+ in interest.
11. Forbexrvtce by i,ende~ \ot a VVai~•e~. .Any f~rh~aran~n c~ l endrr in erercisinc any right or remedv hereunder. ~~r
nthenvix: atTordcJ b)• applicahle law, tihall not he a~cai~•cr ~•f ~~r preclude the c~crcise of am• ~uch riLht ~r rcmed~•.
Thr procurement of insiirancc or the pa}'mrnt of ta~re ~~r ~nher li~ns ~~r charg<< h~• Lcnder ,hall not he a H aiver ~•f I en~ler s
righ~ to accrlcratc ~hc mati~rity of thr indchtrdnc~c K:t~rcd h~~ thic !1lortgakc.
12. Remedies Cumulative. All rcmcdics pm~ id~d in thi; '~tortgaec arc distinrt and rumulativc t~ .~m ~~thcr rieht ~r -
r~mc~ly undcr thi+ `1c•r~ka~c or afTnrdc~l h~• law• ~~r cquit~. a~J mac Fx~ c~crciec~l runcurr~nth~. indcpcndenth i~r wc~c~ci~rh•. ?
13. Snecescors and Acai~ns Bo~md: Join1. and Se~eral Liabilih; ('apfions. Th~ co~•cnants :ind agr~enunt. hcrein
:ontain~d ~hall hind, c~nd thc riRhtc hcrcundcr ~hall ~nurc t~, th~ rc.pccti~-c succc~:ars and as~igm of I.cndrr and Rorm~•cr,
~uhjcct to thc pr~~~•i~ion. of paragr•rph 17 hercoL :Vl ;:o~•cn:~r.tc :uul aFrecmcm. of B~rruH•er sh:~ll tx j~~int :~nd ce~~eral.
Thc capti~~n. ;~n~i hca~iing. c•f thc par:~eraph~ ~f thi> >1~rleagc arc for a•m•rnirncc ~nlt• and are n~.t to h~: uscd to
+ntrrprct or dcfine the pro~•itiont hercof.
14. l~otice. Exrept fi~r any notice requircd iinder ar~?lic:~hlr la« t~~ F?e ci~~en in another manner. (al :~n~• notice to
Burr~iw•cr pm~•idcd for in thic M~rtgagc shal) bc gi~~~n h~ m:uline wih .n~~ticc hc ~crtifted m:~il addre~.rd u~ Rorm~crr at :
thc Propcm• Addre« <~r a~ cuch .~thcr addrr.~ ac B~~rrc»rcr ma~ dr.ien:itr h~• n~~~irc t~~ I endcr as pn~vidrd hcrcin_ anJ ~
thl an~ notirc to I.ender th:ill fk Li~en hv ccrlifir~l mail. return r«ei~t reuue~trd. tu I en~ler'. ad~tre~t sta~~d her~in or to ~
.uch other a.ldrecti a~ 1_cnder ma}~ dc~ignate h~ natirc t~• B~+rr~».rr as rrr~ ided hercin. •~m• n~~tice pm~•id~J for in thi5
~1~.rtgagc shall tx dcemcd to ha~~~ tkcn ~i~cn t~~ Biun~~~rr ~~r !~ndrr ~~hcn Li~rn in thr manncr dc~ign:dcJ hcrcin.
I5. ['niform \torlka~e; Governine I.ae; Se~erabilit~. ~I i~i. !rrm ~~t mon~sa~~e r~+mhinrc uniform ro~•enantc f~~r national
!i.c anJ ft~~fl-UI11fOfR1 l'~~~1`Il:flll? ~~ith IimitrJ \'7fIJ11(~(1~ h~ iun.~l~~tirn li~ :~~IKhtllf~ :f UIII~ORII tccuritt• imtrumcnt l'OVenng
real pm~wrt)•. This Murteagc tih:~ll h< <~a~•crncd h~• thc la~ ~~f ~hr iuri«iirti~•n in which thc Propert~• i~ i~katcd. in thc
c~•cnt that any provision c~r clauu of thi. \1ortcacr rr thr \~,,r c~•nt1i. t. ith :~pplic~hlc law~. cuch canflict ~hall n~t aficct
~~thcr pm~•itiii~nti uf thic M~irinagr or thr \'~~t. ~+hich .an h~ _i.~n cfic~t ~+ith~~ut thc conili~ting pm~~ici~~n. and ~o this
rnd thC pro~ i.i~mc ~,f thr \1~~rtf;ae~ :~nd ?h~ \ut~ :~r< <i~cl.~r~d h~ fx u'~•Cl1h1C.
'i 16. Borrower s Cop}. Bor:ower tihall ht (iirni.h~J ;~~~~frnnrd ~op~ ul ahr tii~t~ an~i of thi~ 1~lurtk.ige at the time
~~f c~crution or atter re~urdation hcrcof.
~ 17. TranSfer of the Pmpert}: :lssumption. If n11 ~~r :~m t~:~rt c.f the Pm~xrt~• ~~r an intcrest thcrcin i~ .~~Id ~r trancferred
; h~ Borrowrr uithou( l.~ndrr'~ prii,r ~+rilt~n cun.~nc. r~~~uding i:~i th~ crr::ti~~n ~,f a lirn ~,r cncumhrancc tiuhor~lin~tc tn
; thiti ;~ie~rteage. Ihl Ihe crcation ~~f ~ purcha~r nu~nc~ .r~crit~ inten•,~ f~~r hi~u.ch~~lcl appliance~. 1c1 :i tramfer h~• devise.
f ~1e~ccnt i~r be o~r:itic~n of la~r uE~~n th~•J~ath uf i~~~m trn;in~ .~r t~t~ the erant ~~f :~n} le:iuh~ld interest i~f thrrc ~~earc or less ~
~ ,u.t rnntaining an option ti~ purchasr. Lender m,~~. :~t I~nder'. ~~E,ti~,n. drelare all the wm, tecured hy this ~lortgage to be •
` :mm~~liatcl~~ duc and pap~hlc. 1 cnJcr ,hali ha~r N;n~rd ,urh ~.ption a~ :~c~clcr.~tc if. {~ric.r t~~ thc ~alc ~~r transfcr. Lcnder
; ;in~i the Fx:rsc.n t~ whc~m thc Pr~~Exrt~• i, t~. hc ,rl~i ur tr.ir~t~rrrd rea~h ;~cr~cmrnt in ..riting th:~t thc ~re~lit of wrh pcrson
' s;~tisfact~~n to I.emlrr :~nd tha~ thc intrr~•,t r;t~:~Me ~,n the ,um~ .r~ured h~• thi~ ~i~~ri~age Sh:?ll be at such rate ac I.ender
i
~ .h:~ll reyue,t. If Lender ha~ wai~ed the option tc~ :ir:rler,~tr pn+~~idrJ in thi~ p.uacraph 17. anc! if B~~rmwe~s tioccessor in
lfl(l'fCSI Fl:l~ l`!(CCU~C(I 3 K'(111Cf1 aSSUflI~'1I1(~fl :llfl'l'flltft( :l~l'l'rfC(I Ifl «~riting h~~ I.cmlcr. Lcndcr thall relc:+tic Borrow~cr from all
, ~~hligations undcr this Mortgaec ard thc Notc.
~ If I ender e~ercic~c such rpti~n te~ accelir.~te. I cn~fer .h:~ll mail B~~rrm~cr notire ~f arcelerat~t~n in accordance with
~ {~aragraph 14 here~f Surh noticc +hall rrovidc a~ri~~~t ~~f n~~t Ics. than Ja~~~ fn•m thc date the notice i~ mailed within
: ~h~ch Barn~wcr ma~• pa~~ thc cum~ declare.l dti~. (f B~~rrr~+rr f:~il. ti. pa~ tiu~h ~um~ pnor tc~ Ihc c~piration of tuch pcriod.
i i cnJer may. ~~ith~~ut further noticc or ~kmanJ ~~n 14~.rr~nrcr. im~rkc am rcmediec ~xrmitte~l h~• paragraph !R hereof.
Now-Utv~FOK~~ CovFY.~ti-rs. Borrower and LenJer furthcr rnvcnant and a¢rce as folM~vs:
: 18. Acceleration; Remedjes. Except as pro~•ided in para~raph 17 hereof. upon Borrower's bnach of any co~enant or
` agreement of BorroNer in this ~tortAa~e, includin~ the co~enanfs to pay whe~ due any sums securcd b~~ this Mort~age, I.ender '
~ prior to acceleration chali mail notice to Borrovi~er as pro~~ided in paraRraph 14 hereof specifyi~ry;: (1) fhe breach: (2) the action
~ requind to cure such breach; (3) a date. not less th~n 30 days from the date the notice is mailed fo Borrower, by which such
; breach must be cured: and (4) that failure to cure such breach on or I~eforc the date specified io the notke m~y recult in .
} accelerption of fhe sums secured by this Mort~a~e. forrclosure bv judicial proceedinR and sale of the Pmperty. 'I1~e notice
~ shaU further inform Borrower of the ri~ht fo reinstate after ~cceleration and the right to assert in the foreclosure proceeding
~ the non-existence of a default or an}• Mher defense of Borro~.er to acceleration and foreclosure. If the breach i~ not cored on ~ ~
~ or before Ihe date specified in the notice. I.ender at Le~der's option ma}• declare all of the snms secund by thk Mort~aRe to be _
~ immedlatdy due and payaMe wifhout furlher demand and may foreclose th~s MortR~e by judicial proceediag. I.endt~ shall = j
~ be entiUed to colled in such ProceedinR all expenses of foreck?sure. including. but tH?t limited to, reasonable attorney's fees,
~ and costs of documentary evidenca abstrocts and IiNe rcports. ~
~ 19. Borrower's Right to Reinstate. Notwithstanding l.ender's acceleration of the sums secured by this Mortgage. ~
~ Borrower shal) have the right to have any proceedings hegun by Lender to enforce this Atortgage discontinued at any time ~ I
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~ Bi1~K•3~,~ PdCE25 ~
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