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l rnd;l\ •,,tarn .Igrrinl,ut t+t .I{+plt,•Ihlr !a,• Itt rl++t\er ,hall I,a\ the armulm t+f .111 mtatg.lei in,ul.ul,i pn•nuunt, ut the
n?ann: r ,+l •.t 1,1r+i t?nd:•r }+.u,l~ral,h hereof
An\ .unt+unt, tL,hunrtf h\ I rnt!i;~ pul,e.utt t,` thi, h.ua~_I.:;,h •.\!th tntire,t lhrritm. ,hail hrit+nle addttat+ual
Ilhleh•t'ttrle~~ .~t It,+r r. N\t'1 Lei l:fitt t,\ tllt~. ~Ir+r!e I1.'t' t nli" R.•1 r,~~~•l'I .It,.! I l'Il,ler ,tlrt'i tl, t+lhl'I to rltl, t+t I,:1\'ntenl. wih
:untantt, ,h.Jl F,t• r`.1\ahlr 1., t•r. I,,,ti.i fr.~ra I iudtl 1,• H.~rn+ttrl re.lur,tinL p.I\nn•nt thin.+f.:uttl .h,al hi :u intrle,t frt+nl the
d.lll' t+f dhhllf,imrl?t :It Ihi r.lli I,.1\.,I,l_' tr:+171 tlltll' li, hlrle i+II tlllhl,lndlnl plllretl,~ll Ilndl`r the \t,te Iln!e„ p:lymCnt Of
intere,t at sttih r.lti trtadd t+r it+ntr:u\ tt+ appGiahlc I,,t,. In \,hiih r\rnt wrh amtnlnh ,hall tear intrre,t at the hiehe\t rate
permissible under anhhiahle I:/\,. !~t+thinL ta,ntaincd in thi, paragraph 7 ,hall require I ender tt+ iniur :un• rvpemc nr take
.uty aitit~n hcrrundcr.
R. Inspertimt. 1 rnthr rae+ na•1{..• t+r ..ut,r to he mute na,tarahle rntrir, upon ;utd in,(?eititar, t+f the Pn,perty'. pruvitkd
that I ender shall gi\e Brrrt,\\•er mane nri,+r tt+:Im ,uih in,peitit,n ~pt•iil\ing Host+nahle iau,e theleft+r Irlatcd tt, (endcr's
Interest in the Prttpcrty.
9. Condemnation. Thr pn+i red, of :ut\• :ns.lyd •+r ilaim for damages, direit or itanequential. in it+nneiti~n with am•
iundrmnatitat 1+r [,thee tal,ine t+f the Prt,prrt~. t+r part thcnaf. l+r ft+r tx+ t\•t:):Inc ` in lira of ctatdemnatil,n.:lrr hereby' ac,igncd
anti ,hall 1,r t+aid n` 1 ender• } i r; . ~
Lt the e\rnt of a kcal Ial.inti; t+f the prt,perly. rtes pet+icedc ,hall Ix apt\lir.l 1t, the ,t•mc ceiurrd h\• thi, \tctrteagc.
\,ith the e\ie,c. if anv. }`,lid m Rt+rn,\\er In the r\•ent l+f a partial tal.arte .+f the Propcrt~, ante„ Rt,rrt+\crr anti I.cndrr
t+t ht: n,i,e acme in \rrititl then ,hall Fte ap{~Grtl tt, the ,umc ,elute:! h\ th;, ~1rrtLage ,uih pn,pt+rtit+n t,f the prtxccdc
ac i, equal to that pn+pi,rti•,n \\hii:h Ihi .Imtautt of the wm, ,r.ured h\ thi, \1t`ttga~e imnu•tti;?telc pril,r n+ the date of
taking F,earc to the fair market valor ul the Nropcrty imnudlateh pricy u? the .late t,f takine. ,tith the botanic t+f the pniet:dc
paid It, Bornt\\cr
if the Prt,pe.ty is ahand~nc•I h\- &trrl\\?er. t,r if. after nt+tice h\• 1 entlrr tt+ Rt,rrt,arr That the cnndcmnt,r nlTcrs to make
an aaartl t,r ,cttlr a ,laim fir a~una~r,, tit+rrtrwer f;ul, t,+ ri,pt•ntt It+ I ender within :fl d;l\', after the daft ,uih nt+til:c is
mailed. Lender i, :utihc.ri~~•d to ct,llect and apPh• the pn,crid,. :It {ender', t+ptit,n. tither to re,toration ~+r repair of the
Pri,pt•rn rr tt• th. ,:un, ,eluted h\ chi, Alurlgage.
1'nlec, I ender and Bttrn+\,:r t+then\i,r agree in ttritin,•. ;ut\ ,~I;h a;•pli, tti,`n t+f ten+;cet1, t,+ prin;ip.d ,hall a>+t cstcnd
.+r pt„tpt,rc the dar (late ,+1 tin• ntt~nlhl\ in,tallment, refetrid tt+ in nar::_ra;`h, I and beret+t t+r ihan_•c the antsnutt I,f
such Inctallr.!cnt,
~ ~ ii r `•h~~' •!'•'•t •`f ~•m?utrr.tu,n ,+f the ,Hell, ,ei llrl'd
lt:. Borrower ~Iit I?eleaied. I~~Uci;Cii,il i+t chi t:iiti }t:a, u...
t`~ :!1r. ~~t1 aCe <r.itt.`L 1 tt` .nfer~`.t R:,rr+,tt..•r ,h:+ll nn! JnPr:Ne T(t 1'tlraCe. 111 :In: Ittannl`r.
the liahilit\ ,t,f the origin.ll Rt,rr,+t,er and •Rt~rrt,\cer', ,:uiir„ta, in interr,t I ender ,hall nl,t F?c required tt• ic,mmencc
pr,+cee.ling, a.lin,t ,Irih ,ttcie„t+r to refu,r tt, e\1Cnil time ft,r pa\~nunt nr t~then\i,e nn+dif\ amllrtizatitat t+f the sums
,e: Ilrrd h\~ ttll, \11,rtgaQ2 h\ ri :a,tHt t+t .Ins ilenlartd midi lhi .`C t~IIYd Ilt,rrt+N'l`r .Ind RI`rra+\\'l'CS SIIi'il•„,+r, Ill IMCfC`CI.
I1. Forbearance h~ Lender \ot a N'aicer. ,~n\ ft+rhiaran,t• h•. 1 ir.der in e\rrci,in,' :m\ right t+r rrntid\• hireandrr. or
:+thens•i,e aril+nied he appliiahli Lnc. ,k!!I nt,t t,t• a \cai\er ri t+r ; rcilude the e\crrice t,f am ,uih right t+r rrmcd\•.
l he pmiurrmeut t~f in,uranie ttr the paynxltl t,f tape, .+r ,+t!ter Gem t+r ihargi, he 1 ender ,hall ntt tte a \\ai\•er 1+f I ender',
right tt+ aiiilrr.lte the nt::ntrit\• of the indehtcdnr" ,c:arcd h. chi. \1t+rtzagr.
12. Remedies ('umulafis'e. •~tl rrnutlic, t,n,tided in chi, \1l+rlgaee ate t!=.tint altJ rumuL•Ui\•r tr an\ t+thrr rich[ t,r
rime[[, under thl, ~tlvit!at.i t,r alit+t did he I~nt t+r eyuin. anti ma\ ht• i\er.'I,i+t itmturrertth. indeltendentli t+~ ,uiir„i\il\
13. Successors and .lssif;ns Bound: Juiot and Seterrl I.iabilih: (••rptions. the itnen;uttc :+nd agn•intenh herein
it+nt;une.t ,hall hind. and chi rich[, hcrrundcr ,hall inure t,+. thi ri.peititr ,+li~r„ter, and a„igm t+f I ert!rr .Ind Rt,rrt+\\rr.
,uh;.it tt~ the pr.+ti,it,n~ :+t psra~r.tph 17 hertrt+f. :\Il ittcin;nrt, an,l a~reimrnt, t,f Rrrrt,\cer ,hall hr Lint :+nt) ,r\'cral.
Thr iaplirn. tntl itia.!in_'. rf the para„rat`h, t,f chi, \tt+rr.•;L•e are ft`r it,n\•enienie t+nl\' anil are n.+t 11, F,e need to
I(ttin,rrt t,r define •i1r rrr:~,il+r1, beret+f 1
1J. \oticc. Euepr ft+r :I~r: nJtiir rryaind undir .1pt•liiahk la\t t++ hi Liti•e:i :uti~ther manner. 1;?I an\ nt,tirc to
R~rrrt•:?rr pet`vided inr an thi, ~lt`rtLat'c ,teal! tx gi\in h\ mailinr .n,h rt++tiie h\ rtitirtl mail ;ultlrr,.~d tt+ Rt+rrt+tecr at
the F'rt+}xrt\ :~ddn" ar at .Ilih t+thi: addri,..I, R+`rr:,\ter ma•. dr~•`_•rl:ari h\ .,,~•I.e r.+ I ender a, prttcit!rll herein. and
th! ;In. rn+tt:i tt, I itlaer ,hall hi _•i\in he certlfi~d mail. rinlrn ti:ii:`t rrulli~titt :r I ent!er', ad•.Ire„ stated herein t,r to
~Ill:h l+Ihrr :lilltre" :1, I.e:41ir n1:1 d:•Ign all t`\ ill`I 1': t' tt` B,,r f..\tir ;h t+r:`\lde.t 1•t'fe!a. ~n\ n,+111e pet+t'Ided fllf In 11110
ttrlt_•a+_i ,h:Ill he dernt,;! h,r.t- been gl\rn It+ Bl+rr„,ter I+r I credit ~thrn iiten i?t th_ manner de,ign;lted herein.
I5. (~nilurm ~lnrtt~at_r• Gu\enliui' i.as~: Sc~crabilih. I i1;~ t.`: •`t mt,nLai .:+mhinec anift+rnt itn•enanl, ft,r nati:,n;d
',t• ;Inc! '~~+il-II'ali.+(Ilr „`\e?ta`:; Nilh Illttlted t;lrGltl.+ri~ h\ i:r!1•+1!. t?1-•n i. ."n,hlllti a 11lHfl,rllt ,ei llrlt\' I11,rrrlllli nt lt,Cefltlg
ri.tl prt,pern. fhi, \lttrt~.age ,ha!! f+e gt"etnrd h•: the !at`. ,•i chi i~n..!i.in n .n ,thi;tt the Pn,lterh h+iated. In the
I i\int th.lt .tn\' nrt`\•i,rt•n ~,r ilal:~i .d chi. \Itat+_ace 1+r chi \•'ti ,t+nt',i:t. ~.tiih .rr`t`li:shli la:t. ,Hite irntliit hall rent affeit
E ,+thrr reel+t;,l,+m t+f thy. \1.+rtga•_i ,+r tlli \rti tthl:h i.t•; he _1•.:n .lint •.,i•h,+ut chi ,t+nfli.nn!_ pri,\i,i,v?. and tt\ this
's ent! the t+: `+tl~n+n, t,t .hr fit+rt_•:ter a~r.l the \i•ti .Iri .fi.!ared t,i ,reir:thli
16. Borrower's ('opt. Rrtr•+t+r ,h;lll hi futn~.h~ti ~,~nt,•rnlrtl tit thi \t•ti •rI;.I ~+1 chi, ~tt+rt_agi at the hmc
•t l'\t'i 111 it+il t•f :Ittef ri:t+i d;lUt+it ttef it+f.
~ 17. •hrancfer of the Propert\; ~„umptiun. It u'i ,•r n,lrt 'he Pn+t,rrn• ,+r an Interr,t therein i, .,,id ur trancferrcd
+ h\ Rrrn•\tir \tuh,alt lender'. prl.`t ,t•;ttin :.m,in? r,.l;!din~ ~.1? the irc:a'.i,•n t+t a lint t,r encmnhranie ,uhf+rtfinaic tt+
;hl~ ~l,+Ttg;lgl•. (t'1 t!Il' lfl•:Itli+:i t+t ,1 tlU(i!t.IK' 111.•tlit `e. ?7: It Illii[i,t tl+r hi+INCh,`Itl :1;'rll.ln~e,, fit ;1 ifan,fl'r hr de\'ISC•
dr,ient t+r h\ t,peratit,n t,f Lnt uplvt the dratfi ,+t tinan• .`r tht• ,•r;Inc .+n\ lea,eh,+ld inters,[ rf three \e:u, ur has
net ,[,retaining an rptitn? Ir rariha,r. 1 infer nla\.•.r! I rntlcr'• ,•p'i:•r?. diil;lrr all the wm, ,eiuretl h\ thts \1t+rtga~~e tr• ttc
ntnretiratelc due and p,,\ah!i 1 ender ,h:Jl ha,i ,t a:.••il •u,h t,},r!t`n t:• aiiiler.ttr i(. ~ril,r tt~ the ,ale t,r transfer. I.rnder
an,l chi pie„+n n+ Lehi+nt the Prt,pitt\ i. tt+ he ,r':! rr..n.tirriJ n•.nh .t~rii:nint in •.cnttn~ that the ireda t,f ,uih perct,n
i. ,ati,t:titl+ri r+ 1 rndir anti that the intt••..t }+a•..th!e :a1 th • ,nrt~ .i: u,ed he this ~L+rtgaLr ,hall hr at c?rih rate ac l ender
,hail reyur,t. if 1 entler ha, \rai\etl the t+ptitnl n` a;:i!ir.lti pr.`\idei! in chi, nar.t~_raph 1,. and if Rt+rrt+a~rr', xlccecct,r In
:nterr.t h;l• r\rcuted a \cntten ;1„umrtu,n a_r~e+rtint a:icrled in r.ntlnL h\~ I ender. I ender ,hall relea,c Bt,rnt\ter from all
t`hlicatlt+m untlrr chi, ~tnrtg;lge and the titac.
If 1 ender r\erci,r~ ,uih t+pti,~n tt+ ai.eler.,tr. I inarr half ;nail Bt+rrr,t~er nl,tlie ++f acieleratirn in a:ct~rtlance \s•ith
paragraph 11 hent,f. ~nih n.+tici ,hall pn,vidr :I pin.+,I ~~f n.+t fe,~ the+n 3f1 t!a\, frl+m the daft the nnticr is mailed within
ith~ih It.+i rt,:\ir Tii:a\ i:a: t!1i: ,iitti, t!i: i.lri.! i!r:e. It !f.'^. j.::'. L', ~.!!m._ ~ r!t,r tt, th._ ._\ntrarrt, r, ,•f ,!lib prfn,d.
ender m.t\. ttitht+ut further nt+tiii t+r .!rtnancl Ian It,vn+•.+i r. •~n'.,+t.i an•- rintedirc pernritr.l h\' paragraph 1>t hcrcttf.
-
\ctx-l'~ttuttnt (-tt\r~\~u B<uruwer :Ind 1 ernier farther ir\en;utt and agree as follows
18. acceleration; Remedies. Except as prodded in paragraph 17 hereof, upon Borrowers breach of am• cotenant or
agreement of Borrower in this Mortgage, including the cotenant+ to pa} when due any sums secured b}• this :Mortgage. Lender
~ prior to acceleratir?n shall mail notice to Borrower as prosided in paragraph 14 hereof specifying: (1) fhe breach: 12) the action
required to cure such breach; (3) a date, not lest than i0 days from the date the notice is mailed to Borrower. by which such
z breach must he cured: and 14) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the sums secured by Ihi. ~tortf;age. 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-eristenre of a default or am~ other defense of Borrower to acceleration and foreclosure. If the breach is not cured on
or before the date specified in the notice, [.ender at Lender's option may declare all of the sums secured by this'.lfortgage to be
'1 immediateh~ 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 documentan• er,idence, abstracts and title reports.
19. Borrowers Right to Reinstate. Xt~ttt ith,tandine I ender', aiiclcraht,~ of the wm, secured by this Mortgage.
Borrower shall have the right to have am pr.~rcdinc, he~•un h\ I.endcr ttt cnfttrce chi, ~tnrtgagc discontinued at any time
~~;~~r'
`'318 F~~E2275