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rndrr's ur~ttcn aguentrnt ur .+pl+h:ahlr L+u Burru„cr ;hall !r+) the anxautt ul ,dl nuatgagr in,uranrr prrmiunts ut the
uwnner p .wuir+l under I`aragr.+ph ? hr«uf.
any ar~+u~:nts dnhur,rd by I ender t+u+,u.:nt t++ thi, p.+r.+ ~r.+ph u+rh uurrr,t thrown. shall hr~+anc add+tiunal
indrhrrdnr„ ,,t It.+rn+,scr srcuud by tl?+, \1+ata~r l ?Ic„ B++rr.+,+r+ :ut.l (rn,irr .r_ur t++ ,+thrr term. rf payment. such
:?nnuu+t, .hall hr t+a?ahlr up++n ncai,r In+nt 1 ender t++ R+ur:+,arr u.lur,tinc 1+:+~mrnt thrrr,~l.:utd ,h,+fl t+r:u intrust (r++m the
,I,,tr of di,hu+,rmrnt at the r.+h• payable fn•m time to t+mr ++r+ ~+ut;tanding {+rinripal under the Nub c+nkss payment of
intc«,t at ;wrh rate uuul.t i+e runtran to applirahle tau. ut sshirh r~•rm such amcantts ;hall t+rar interest at the highest rate
permissible under applir.+hlr law. ~+ahing a+ntained ;n this paragraph 7 .hall «yuirc I.rnekr to incur :utv rspen;e or take
any action hereunder.
8. Inspection. 1 enter may m.+l.r ur rau,r to he made rea;unahlr rntric, upon :+nd imprctnat; the Pruprrty, pnn•idcd
that I ender ;hall g+s•e Bnrrowcr notice pri,+r to :u,y such imprrti,a+ sprrilying «:?st+nahlc r;u+;r thrrrf++r related to 1 cndcr's
rntrrrst in the Pr.+pcrly.
9. Condemnation. The pn,cerds of :uty award ,+r Maim fur damages. direct ur c+a+,rqurnteal. in cunnecti~n with am•
rundcmnatiun .+r other taking of the Property, nr part thcrr++f..?r fur c,+m•rvancc in lieu of rundrmnati,+n.:u~ hcrchs• assigned
+nd ,hall t+r paid to I ender.
In the escnt c?f a t+aal .tin~j ,.r!f lh~ Pruprny. the pruccc.ls shall t,r applied R+ the ,ums srcr+«d by this ,lurtgage.
with the r~ress, if am•. p.+id' M if~t,rr'~?wer_ In the event of a partial taking ++f the Property. nnlr;s Burruwrr and i ender
otherwise agree in writing. them ;fi:dl ter applied u, the runts srcurr.l hr thi; ~lungage ,uch pmprrtiun ++f the prureedc
as is ~ ual to that n+ urtiun which the :utwunt of the sum; se;u«d M this ~turtg:+ge imnn.li:drh~ I,riur t++ Ihr date of
taking txarc to the fair market valor of the Pn+prrt~ imnudi;,trly prior to the date of u+l.ing, wi?h the halanrc of the proceeds 1
paid a• Bnrrowcr.
If the Property is abandoned M• Burn+wrr. ur if. after nutirr by 1 ender tc+ &,rruwrr that the rnndemnar oficrs to make
:+n ass:ud or settle a claim fur datnarr;. B++rn+wrr L•uls to «,tv+nd t++ I ender within Zt1 dac, :+ftrr Ihr dab sorb notice it
mailed. l.rnctrr is authuriird to c++Ilrct and apph• the pr.,cr.ds. Lender', option. tither to rrstoratiun ur repair of the •
F
Pruprn~ ur to the sums ,ccu«+I h~ this \lurteagc.
l:nlcs I ender and Burrourr otherwise ague in uritin,• :tit; w;h a{,pl+rati+at of proceeds to principal ;hall not Cstend t
or pustp++nr the due date of the mrnthls installntcnn rrfrrr.•J to in t,araeral+h, 1 and ? hcuof ur rh:mgr the amount of
u,rh m,t;+llmcnts.
10. Borrower \ot Released. Iatrr;iun of the umc f.+r pasnn•nt or modifiratiun ++f am++rtiration of the some ucurcd
M• +hrs \irrteaer stinted M I ender t++ am ,+rrcrssur in intrrcst of Burrinsrr shall nut ulxratr to release. in any manner.
Ihr liahilit~ ++f the ariein:rl Born+,srr and -Borru;crr•. sorters++rs in intrrc,t 1 rn.ler chill n+N hC «yui«d to l'1+nlmenCC
I+n+rrrdings against such surcess,+r or ?r(usr to cstrnd wore for payment ur othcru i,r m+xtify amortization of the runts
,rru«d M this i\1angage by reason of any drm:uul made h~ th.• uric+nal Borrower and Burmw•er's succrs;urs in interest.
1. Forbearance b~• Lender \ot a ~i'airer. :\ns furhr:uanrr M I ender in rscrrisine arn• right ur rcmrd}• hereunder. j
.•thrrwisr afforded M~ applirahlr I:+w. ,hall n++t t,r a. waisrr ++t .+r puciudc the csrrcisr of any wrh right c,r remedy.
~1 he pnti:u«mcnt c,f in,urancr or the p.+yntrnt of rases w +dhrr liens .+r rhargrs M~ 1 ender ,hall nM hr a aiyrr +,f I rndcr's
-fight a+ accrlrr:+tr the maturity of the rndchtrdnc,s sr_~r«d h, thi, \lorteagr. a
12. Renu•die. t'umulatire. All remedies pr++, idrd in Ihi; '~1ort~~arr arc clistinrt and cuntulativc M any ,+thrr right or 1
remr+le nn.lrr thi, ~1++rt_.+gr ur atf++rdrJ by tau or ryuit~..:nd me) F,r r~~rcisrd coneurrrnth. indrprndrmly +a ,nrrr,sis~rh.
13. Succcssorc and assigns Bound: ,loins and tic.cral L'rahilih; ('aptions. "Ihr a,rrnants and agrrrntrnts herein
c+auantr+l ;hall hind. and Ihr r ichts hr«undcr ,h:dl •nurr t.+. the rry`rrti;r sncrrssrrs attd assigrn of 1 ender :utd Born+wcr.
,~:hjrrt U, the pr.ni,iun, of p:u.+graph 17 hr«,•S. :~li ru,cn.uu, :unl agrrrmrnts ++f Brrrourr shall hr i++i n! ;utd ,cyeral
fhr _aption. .ut+l hr;+c!in, a( !hr para_r.+`h, of :his \1.+-rregr are fur aa?yrnirncr ++nh' .end am not to t,r used to
+Mrrhrel ur drtlrt,• Ihr 1"++~ Klc+n~ hrrC+`f. -
13. notice. F~cept !.•r ant notirr rru+rirrd under :+pplirahlr la,ti to hr eivrn in ;uu+ther manner. (;u am~ naticr to 1
Burn+urr pro;idrd for +n thi, ~l++rtgaec ,hall hr earn h~ m:;aiuc sorb n+a+cr he rrrtitird mail addres,rd to Bnrn+ucr at j
the 1'r.+I,rrty Addre,s ++r at ,uch ++thrr addr.,. :n B+`r r.+c+rr ma, d,+_•n:rr M rnnirr n` I rnd~r as pn+yidrd herein, and E
!h:.u~s notirr to I rn,hr ,h.+ll tx• eisrn h..Lrtrtircl m+l. rrt~rr+ rerr+t`t rc.+ ir,trd. t.+ 1 rndrr•s address seated herein or to ~
sr+ch ++thrr ad;lrrss 1 ender m:n c}esi~~rtatr h; nusi,r t.` fi:~rr,,t,cr a; pro,i+lyd hrryin. Inc notice pros•icird for in this
~i,`rtcaer shall hr drentcd t+` h•+~r been gisrrt t+? Bnrn~wrr 1 ender „hen ~~i,rn in Ihr ntanncr dc,ien:drd herein.
IS. t'uiform ~lort~a>'e: Cotcrnin~ Law: tics+•rabilih. 1 h+, !.•rm ++t nu,rt~•a>;r .:+mhinrs r+nifurm :c`L•enants fur national
'i ~,e ;utd .u+n unilunn :++;r !ant, ++ith lintitr~l •..+rialn+n inn,+h,t~++n 1,+ run,htulc a uniform scrurrly instn:ntent rus'enng
uai prrprnc. lhi; ~lurtg.+er ,hall hr +_u,rrncd the Lr.+ ++f the iuri,diru,+n in ~chich the Property is loratcd. In the
event that ;tits r,ruvi;+un or rlausr ++t thi, \t++rt",.~ ~•r th; \,+tr r+~ntlirt, with :+C+riir.+hlr la.:, such conflict ,h:+ll not alTcct
k .~ihrr pr++v,i.+ns ++f this \l++rt_•aer or the \utr t+}t:~h :.nt hr _i•.rn rtl~rt ui+h+a+t the :+,n!li~tim_ proyi,iun. and tc, this
CRII !hr t,nnr,i+~rts++t ihr• \lr;t>;a^r ;u+.l the ~+•t:• are :IiiL+trd t.~ 1`e ,r':crahlC.
16. Borrower's ('opt. Born•urr ,h.+il i`r In*n:,hrct ..nth•nard :++h~ ++t the ~t•t~ .:n,l ++f the, ~1urt~agr at the time
t r\C:Ilttun or a;srr ucurd;dion hrrec~f.
i 17. •t'rrnsfer of the Propertt:.~ssuny?lion. If ,I! +~r an, r,+rt of the Property .+r an tMru~r tttr«m i, ,+~kl or transferred
i in' Rornn,.r a+thuut I rndrr's poor written ,un,rnt. r•,riu;iir_ I.u Ihr uau++n of lirr+ or rn~umhrancr suhor.Gn:dc to
t}u, ~t++rtr.r_r. ihr the crr.+ti++n rf .r t,urrhasr m++n<< ,r.urit, intrrr;t f:+r h:+usrh++Id ap{`liana,, tc? a transfer by drvisC.
Jr,cent or M~ ++prr.+ii,a+ tit Lr,, np+~n the clr:+th ;~t .t i. +,nt trn:un or l,1• ihr gr:u?t of any I~asrhoid intrust of three yr:+rs ur 1CCC
nut rantaininc an rptirn A+ I+nrrhac,_, ! rn.lrr mar. ;+t I ender', ++pt++at. Jrcl.+r~• all the sung, secured by this \turtgage to he
:nttnc.liatrh clot and nayahlr t rndrr shall hair uar.c~i ,'•_t+ ++puon s., arrrlrr.+tr if. prior to the ,:+Ic ur transfer. l.rndcr
an+i Ihr person to uh++m the 1'r++prrty i, t,~ hr „~?.f ,+r tr.+ns;rr«d rv:+.•h •r_«rrrrnt in uritrnL that the ~«+fit of such person
i. satrsfact++rc to LrrJ;r .,nd that the imcrr~t 1`a,;+hh: ,+n the ,tints src•rud he t}ti, ~tort~•age shall t,e at sorb rate as Lender
,h.+lt reyurst. If 1 ender has w;+i,rd the ++pti+`n t•` arrrlrr.rtr pn+yidrd in thi, oar;+,~raph 17. and if Burruwrr•, successor in
mte«,t ha, r':ccutrd a written a„umpuc,n a~tuentrnt arrrptrd fir, uriung by I cn+trr. I ender shall release Bnrmw•cr from all
I ++hligatiuns under this ~tortc.+gc and Ihr Notr.
If Lender c;rr.i,r, ,wrh ++pti.+n to arxlrr.+tr. I rnJ~r -h.+ll m;,il Burruurr notice of acceleration in asurdance with
~ taragraph 1•i hrrec+f. Snrh roUCC ,hall provide a t,eri++,1 .:f m+t Ir,s than 3(1 d:+ys from the daft the m,ticc is mailed within
uhirh Burn+,srr may p;n the vents dcrl.+ud due. It R+?rn~+,rr t:ul. to p.+; such ,ums prior to the cspirati++n ++f such pc:iod.
Lrndrr m:n-. without further n+~urr ur demand ++n ti++rn+•arr. nnul.r i+m r.•medirs prrmrtted by paragraph 1t; hereof.
Nov-L'~troxst CovF~wTS. Bnrrowcr and I.rndcr turth,•r c++ycnant and acres as follows:
18. Acceleration: Remedies. Fxcept as provided in Naragraph 17 hereof, upon Borrower's breach of any co~•enant or
- agreement of Borrower in this ~lorlgage, including the cmenants to pay when due any sums secured by this Mortgage. Lender
4 prior to acceleration shall mail notice to Borrower as pm~idcd in paragraph 14 hereof specifying: (1) the breach; 121 the aMion
required to cure such breach; (3? a date, not lest than 30 dais from the date the notice is mailed to Borrower. by which such
1 breach must be cured: and 141 that failure to cure such breach on r?r before the date specified in the notice may result in
acceleration of the sums secured h}• 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 ins 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 Lender's option mar- declare all of the sums secured by this Mortgage to be
immediately due and payable without further demand and ma}~ 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 er.idence, abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding I cndcr•s acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have am proceedings tx can hp Linder to enforce this Mortgage discontinued at any time
anoK 3~9 ~~cE 1~9