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I rndrr's \\rittrn agrremcr,t ur ;tpphcahlc law Brtrro\+er .hall pay the amount of .ell martgagr'it1W~f+ttrc prgntiht~si'fn the
m:,nner pravtdral undrr p.u.,graph ~ hercat. -
:~n\' amaantts dishutSrd by 1 rndcr Itur,uant tr this p:u.~er.,lah 7. tth uth•rest thereon. shall hrcanta• additi,anal
intlrhrrdnr+. t~f Iitirr++\+er secured h\ the, \lanuacr ! nlrs. Ba•rrt•\+rr :nttf 1 rmlrr ;+>;«r lr +a1he1 term. tat ~a\'nlelll. Nll'h
:untnntts .hall Le I+a\ahle upaail nttti;e fn~m 1 rndcr tea Ifavr a\~r rrS•~ur,tinr I\.,+ntrnt th+•rr,at anJ .halt 1><:+r int.•«+t form the
dart of .Ii+hllr.rmrnt at the rate pacahlr frtam time ~c~it~a ~tf olh+tandinti.• principal under Ihr '~+\tc unlc.S payment of
interest at curb rate would tae rrntrar\• tr applicable ia\c. in which event Such amtauntS shall h,:ar interest at the highest rate
ptrimtssihfr undrr apphcahle I;oc. \,tUting cam.uned to 1htS paragraph 7 Shall reyut« 1 ender to rotor any cxpcme or take
.u»• action hereunder.
8. Inspection. I rndcr nta\' make ar c;ut,c to he made reasonable entries apron and im(?rrtian. +af the Prapcrh•. pra\•idrd
that I ender shall give Barnt\+•rr notice pri:~r to am• wrh inspcrlion sp+•crfying «asonahlc r:urse the«ft\r related to Lender's
inlrresl to the PfOlterh'.
9. Condemnalion. The proceeds taf any award or claim for damages, direct or r+\nsrqucntial. in rnnncrtion wish any
condemnation or other taking of the Pmpcrty, ar part thereof, ar for ranvc+•anrc in lira rf condcmn;ttion. a« hereby assigned
and shall he paid to Lcndcr.
In the event of a total taking of the Pnapcrt}•. the process shall Ix applied to the wmc secnrrd by this Mortgage.
with the excess, if am•, p.tid to Borrta\ver. In the event of a partial taking of the Pmpem•. unless Born+wer and lender
atherwiSC ague in +criting. tfirre Shall rte applied to the sums Secure.t ht this R1:~rteaee strfi propartitan taf the pr,~reeds
as iS eyttal to that propttrtion which the amount of the sums sccureJ M this \ltarlgage intntrdiatcly prior eta the date of t
latrine bran to the fair market value of the Properly imntediatcly prior to the date of latrine. ++ith the balance of the pr+tcccds
paid to Bormw•er.
if the Pcope:n• is abandoned M Bormw•cr. c.r if. after Holier h+• 1 rndcr at Rarnawer that the condemnor otters to make
an award rn settle a claim fir +Luttages. Btarrawrr faih to «s(11au1 tr I rndcr \vithin iO +la\'s after the dale wrh nMicc is
m:ulcd. Lendcb is authorirs to colfeet and apply the pn+ceedS. at Lender's option. either to restoration or repair of the
Pmp+•nc or to the cams srcurcd by this !ltortFage. '
Unless Lcnd,r and Borra\ver athrr\+isr agree in \+ritin~•.:ut\' w;h :yal.li~atirn +af pnaceeds ha principal .hall not extend
ur pastp+ate the due date of the manthh' installments «ferrs to iu ,+araerttah. 1 ;utd ~ hcreaaf rr change the amount of
such installments.
10. Borrower Not Released. 1=xtcnsion of the time far pa\'num or nuadifiratiart rf amrrtiTatirn of the sums ecru«d
by this \loiteage granted hs• i roller to am• successor in interest of Btarrowcr shall not operate to «lease, in any manner.
the liability rf the original Btarra\+rr and Barntw'er•s succecsars in interest. I ender Shall not h+: rcyni«d U+ commence
prtaCCeaing\ ;1_l':1tDCI \UCh ?UC+r~\(ar l\r fl'ftl~l' to C\Ia`Rd Unte trot p:,\'ml'It[ of othcn+ise mtxlifv amortiiatran of the sums
,gears h\• this Mortgage M• rracan rf am• dcrnand made by the aricinal Btura\+rr and Burmu•er-s utcressrrs in intcrect.
I1. Forbearance b}• Lender mot a R'aiver. •~m farltear:utre h\' 1 rndcr in rxcrcicin!_ :tn\' right or « meah• herenndcr. or
atthrnvisc affords hx applicable law, .hail n++t he a wailer rf oar preclude-the exrrcicc rf am wrh right or rrmcd+•.
'the prttcuremcnt rf imurancr or the p:n'mrnt of taxes ar ether liens tar charges hx' I.endrr .hall not he a \+at\•er rf Lender's
ri_eht eta acrrler:ue the mantrih• r( the indehtedne,s se_urrd h\' thi, ~lorteaee.
12. Remedies ('emulative. :111 «tnediec lara\ ided in this ~tart~.r~e are distinct and cumulative to anv ether right ar
reme.ly tntdcr thi, \tort_•ae+• •+r atfardrd by la\+ ate eyuin..utt! nr t\ Ire escriised rancurrenth. indepcndcntly ar succe,si\•rlc.
13. Sucressorc anti :~~signc Bound: Joint and Seteral 1 iohilih: ('options. -ihr ca\•enantS :utd ag«ements herein
canlainetl shat! hin.i.:uu1 the rights hr«undrr sl;all :Harr (a the «spectivr snc.e,srr, and assigns taf i ender and Barnn+cr.
,object lr the pna\i,ian, tat p::rrr.,ph 1' hererf. :III ca\rnenh :unl :,,«ements of &•rnnvrr shall Ire hint and several.
Ihr .aptirns :end headiltgs tat Ihr pars~raphs of this Mart~•age are for cam•rn,encc only :md are n,at to h+• used to
:ntrmret ar dcfinr the nm\ isi;art. hereof. •
1J. \otice. Fxccpt floc ;utr notice rcyui«d ur•der ap~licahle I:n\ na he eivrn in antrther manner. far an\• notice to
R;•rrawer prr\idrd ha to this \lnrtgace Shall lie c~\'~ n by mailini such orrice h+ crrtsficd mail addressc+) to Burnn+er at
the Prt\herty :~ddrrss ar at wrh other adder.. ae Burrr\+er ma\ desi~•n.ttr M n:•tice eta f rn.lrr as presided hrrcin. and
the ar:\ nta?tic to I rndcr sh.,ll Fee !•isen by rertitied nt:ul. «trrn recetM rr.;ae.tr.1. tea I rnder's idol«sS slats herein or to
arch .other add«•. aS l.endrr ma\ ctesiznate h+ nrtr:r tea Kn~na•.+er aS ~m\idrtl hrrrnt. :\n\• notice provided for in this
~lartgage Shall he deems tt. h;nr been ei\en to Ba•rrta\+er t•r I rr•drr \.hcr. t_r\en in the m,tnncr desiEnats hrrcin.
' 15. I'niform ~1ort>;aYC: Governing i.ow: Setc•rabilih. ~1!::~ t~a:•n tat nttart~~arr ;t•mhinrS uniform cr\•enants far national
•t,r and non-uniform ca\e•:.un~ \+ith limite.i \•,Irl;lt:,an, la\ Ittf!,ti';ltaan laa ;talritrlUli ;t t111Jt+trnt ucurity instntment co\•ering
' teat pnaprrtc. "Ihts ~tartgagr .halt he ga\ented f•c the L,\+ a~f the iuristll;utm ut \vhich the Pmpcrty i. Ittcatcd. In the
I r\'ent th.tt an\' praris~an rr clause of this ~1or1>;aer t•r the \a~te rrnfli;t, \+ith atarlicahlc Ltu. curb conflict shalt not afTcct
! ,ether pr~a\t,i~ans rf the, \1art~,;tt_r .~r the ~irte ++hlch ;:ut hr _•i;en ctfe;t \\ith.tui the iar,lli;lin_• pn.\isirn. and t\• Chic
end she ~ra\r,ian, tit the \trrt_aue and the Mate arc ,irrLtred tai }ae severahtr.
16. Borrower's ('opt. Borrn\\er ,h.al h,• funushrd .t ;,•nh•nnttf _aln .at the tit,tr anti .af this ~t,ttL•ace at the time
execution rr otter «curdation hrreaf.
17. 't'ransfer of the Pmpertt; :~ssumplion. If ;ti' :u!\ ta.~rt taf the 1'rr~pert\' tar ;tn rntrrest the«in i, .old or transferred
+av Borr.n+er \+Ithatut I ender'. port \+rittrl .resent. cs;t:t.hne tat the c«autat at a fien rr encumhrutce suhonlinatc to
;Et:, ~tarteaa_e. Ihr the c«atitan r( .t I+urchase ntrre\ ,r..~:rin rntrrect far ht~n,ehr'.d a{ap!iances. to a tr:utsfer M• devise.
'de,rrnt gar h+ rpertuon of la\\ upon the death a•t i~etnt tenant ar t.!t the gruel aa~ :mc leasehrld interest oaf th«e vearc or Ietc
oat containinc ;tn option to pnrchasr. 1 rndcr nta\. at I rntlrr~~ agatn~n. decLue alt the sums .ours h\' !his \lortcagc to he
:mmediatel\ der arui navahle. I rndcr ,hall ha\e \+ai\ed sc;h rptiar. ta- acrrlrrate il. prior to the sale rr transfer. Lender
an.1 the person ttt ++hrm Ihr Pmpertc i. tla he srl,i tar tr.ursfer«d «a;h .,g«rment rn ++ntrng th:rt the r«dit of such person
~ i, sausfactrn to I ender :end that the intrre,? pa\.:hlr tan the .ants ,rears by trail ~tarh~age chill he at such talc aS Lender
,h:dl re+luest. If I entire has \+;ti\e+l the aptirn eta acceler.tte pnacided in this p:uacraph l7. and if Brrrower•S successor in
,merest has executed a written assumption agreement a.rrptr:l in :criting hs_• I coder. Linder shall release Borrower from all
rblig;:tiom undrr this ~lortcage and the \ote.
r If Lender r+ercisrs such .•ption tr acrekrotc. I en.ler ,h.t!I mail Barra\+er notice of accclcratian in arcordancc with
taragraph I-i hr«rf. Such notice shall pravrde a periral .•f n:at Its. than ifl da\'s fmm the date the notice is mailed within
.\hirh B+arrr\+cr may pav the sums decl,rrrtl due II Rrrr„\\er f.tils to pav w;h sums parr to the expirat:on rf wrh period.
~ Lrndrr ma\'. \vithrut further orrice rr tiernarul tan Ittarrr\+er. tncake an\ remedies permitted ht• paragraph 1R hereof.
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?xrox-l'~ttutcxf Co+'ex.\~75. Bctrrowcr and I ender further covenant and a¢rce as follot\-s:
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18. `Acceleration: Remedies. Except as prm'ided in paragraph 17 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the cotenants to pa}' when due an}' sums secured by this Mortgage. Lender
} prior to acceleration shall mail notice to Borrower as prodded in paragraph 1.3 hereof specifying: (1) the breach: (2) the action
required to cure such breach: (31 a date. not less than 30 da)'s from the date the notice is mailed to Borrower. by which such
breach must be cured: and (41 that failure to cure such breach on or before the date specified in the notice may result in
's acceleration of the sums secured bt' this Mortgage, foredmure by judicial proceeding and sale of the Property. 77te notice
r 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 spea•itied in the notice, Lender at Lender's option mad declare all of the sums secured by this Mortgage to bt
immediateh• due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to co11eM in such proceeding all expenses of foreclosure, including, but not limited to, reasonable attorney's fees.
and costs of documentan• evidence. abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding I.rn.ler's acceleration of the wms secured by this Mortgage.
Borrower shall have the right to have any proceedings Ftccun h~ Lender m enforce this ~lortgace discontinued at any time
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