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I indit~s \arrlirn agrrrntrnt ur altplliahlr L,\a Itunuaarr shalt p,l~ the ant.autt ul all ntu?tgai•r in,ur.utcr.jthpyum. in~i~ .
nt.uu,al pr,~stdi,l unlit {+ar.+gr.lph ' herrul.
-\nc ant,+nnt, lit.hur.iti M i cn,icr {tul,u.l;it r,, •;ti, {t.,r.~_•lat,h th .ntrrc~t t'tiri-,:fi. ,hail t><i(+rnr atttiiti+sts!
•n.lih'idna•„ ,+t Hunu\arr ,riurrd h\' thn ~1urt,.r_r 1 nlr„ li,~rr.~•..rr :,n.l 1 rn,lrr .r:rra• to caber term, ul paemrnt, wih
.uw+;:nh ,hall F,r Ita\~ahlr ult.+n r..+ti;r fnatt I ender t.+ It,vr,nair n•.tur,ting {+.1\mrut Ihrrr,+t. and ,h.lll hr:u intrrr,l fr(+m the
,1.,te „f .ii~hulsrmem at Ihi r.rtr It.n~.rhlr Ir.mt time t.+ tints .at uut,tandinc priniip:ll under the \utc ante„ payment of
intrrr,t at ,uih r.lrt ,auu!.1 t+r c+attr.+n a+ appliiahlr laaa. in \ahiih r\rnt cuih ;un,wnt, ,hall t.a•ar interest at Ihr highest rate
permiaihlr under ;gtnliiahlr la\\ ?~uthinz iuntaincd in this paragt;q,h 7 shall rryuirc 1 ender to iniur am' ryxnse or take
.1n\• aitiun hrrrundrr.
R. losprction. 1 rndcr m:l\• m.l~r rr iau,r to F,r made rra,un:lhk rntrir, up:+n and impritiun, ul the Pn,prrh•. provided
that 1 ender ,hall gi\r Burntwer nlttiir prior to am' such inspeitil+n ,priifying reasonable is+usr Therefor related t(t I rndcr's
uttrri,t m the Prultrrt~.
9. Condemnation. Thr pruierd, of :uty ;naard car ilaim fur damage,. dirrit ++r ion,ryurmial. in ilatncitiun with any
.ondet:tnati=at ur other taking of the Property. ur part thereof. ur fur conveyance in lira rf iundrmnatiun.:+rr hrrrM• assigned
.ut.l ,hall hr trail to 1 ender - -
ln the r\rnt ui a trt;l) takinc •,t thi 1'r<,pertc. the proceeds ,hall i,r applir+i b+ the ,ant, .eiurrd he thi, \turt{:agr.
aaith the r\irss, if am•. p.lid to Rurro\aer. In she ~Yi:r?i of a partial t:+king ,+t the i'mprnv. unlr,s Rurn,+arr :Ind l.cnlrr
othrnai,r agree in writing: there ,hall he'apftlted~to Ihr wms secured by thi, ~tortragr ,uih propurti(tn ul the pntieels
as is ryuai ttt that pmp,+rtil+n which Ihr amt+unl of the .urn, ,r,urrtl h\ thi, \il+tig:~_r in,u+c.:i.drk prior t+~ thi (talc of
taking hears to the fair market \alur of the Property immrdlatrh_• pri:~r to the .fate of t:+kin>•. \aith the halanir of the pnsrcds
paid to Bctrrow•er.
if the PmpcrtC is ahandancd h\• Bctrntwrr, or if. after notice h\• I rndcr to Hurrrwer that the condemnor ofTcrs to make
an award or ,etNe a claim for damage,. H,+rnt\a-er fail, to rrsplatd u+ I roller within itt Ja\, after the date wih nutiir is
ntailcd. t.endr: is autharitrl to iullrit and apple the pntirrtic. at 1 ender'. option. either to restoration l+r repair of the
Property ur to the sums sr:urcd h\' thi. ~tortgagr.
I'r.4s: 1 enarr and Born,wrr uthrnai,e acrrr in \aritin ~ :utv suite .,ppli;.rtirn .+f prl~-erd, to nrimipal ,hall nl+t rslrnd
•,r pu,tprne th_ due d.+te c+f the monlhl~ installment, rrfrrrrd to in t•:Itagr:+ph, 1 as~d hrrcl,f rr ih:m,•r the amount of
,:'ih installmcros.
10. Borrower tint Released. 1=~tencilat of the time fur p;+\ntent ur mlalifiiatiun of amurti~atiun ltf the ,ums sriured
h\- thi, 11,+rtrat:e er:mtrcl h\• 1 rntlir to an\• ,access+r in intrrr,t ~+f lirrntwer ,hall nut (+perate to release. in :+m• manner.
Ihr llahthi\ ,+t Ihr ltrl L'llt.ll BUrrlriarl :1lll Hl,rrltwef•, ,11ii a•„,+f, In tMefe,t. 1 ,'n+ler shall nut Itr rl'y 111 M1i 1,+ iumnlCltie
t+r,,iee,hrgc ae'ainsl ,nch successor or refuu dt rctcn.t time for pavntrnt ur Mhcr.+i~r mltdih~ amurtiiatia+n rf the wms
,r:urcd h\' thi, \lurteaer h\• rra,un of any demand male M the uri+,inal Horn~wer :end Horruw•cr's suiir,,ur, in intrresi.
I1. Forbearance by Lender \ot a Vb'aiver, an: f.+shearuxe he 1 rndcr in e,erii,ilt>• any right or rentedv herrtmder. ur
.`thin+•i,r ati,+ratrd by :Ipplicahle law. ,h.lll nut i>< ,1 \aai\er ,~t ++r prrchule the esrrcisr rf :+m• ,uih right ur rrntcd\.
1 hr pntiurrnu nt of imurtnir cv the pa\•mrm of ta\ec rr ,+Ih.•r lien, ,u ih:+rnr• h\- 1 rndcr hall not Fte a a+:,it•rr ++f 1 rnttrr'~
-fight t,+ aiieler:+te the maurrity a,f the indrhtelnes, ,e_urcd ha' thi, ~1c+rLage.
12. Remedies ('umulrlicr. All remedir, proaided in thi, \1,+rtca<_r arr .li,tinil :nxl cunutlati\•e to ;ln\ .+ther right or
:ime.!r unticr chi. \tortg,tte l+r atTunled by la\a c+r eyuit\. ,uxl ma\ hr eserii,i.t ionrurrrntle. indeltendcntl\ or ,tri.-e"ieel\
i3. Surccsatrc and ?~cignc Bound: Joint and tiearr:d 1 iahilih: (•aplionc. the iucen:uttc and agrrrntent, herein
„+ntainrli ;hart hind. anti the right, herrunler ,hall inure t,+. the rrsi,eitiae wi:C„rr, .u+a1 as,ignc ++f I en.kr atu) Hurruwrr-
~uhiect to the pr, .i,tam~ ~+f p:uagraph I? hereof. .~11i i,+\'ctlant, :ut,l ;+grremir.t~ .+f Rtar,+,cer ,hall Ire 1,•int and aearrd.
the ral,ti,+m .,n.i hcac!:n_, rf .hr parcerlph, of Ihi, ~1,+rtL':Ii arr fir iruvinrrnir ,+nl•. and arc n,+t h+ t+e used to
nh•rnret or define the nmat,i,an hereof
14. \oticc. F~iettt f,+r any nutiic reuuirrd under appliiah!i Ln+ to hr tier, ire ;ux`ther tn:+ntter. la? :nt\• ncttiic tct
H„tt,+aaer pruvideal frn :n Ihi, ~1l+rtraee ,hall rte twin h~ m.u!in~• ~n,h n,+ti,r h\ ,irlified mai! ;uldrr„e(I co R,+rrc+,arr at
!11C Pn+pert\' ;~ltdrr" ,+r aI ,trite .+ihr7 aild~•.•„ :1, H,Hr,'wCr Itla, .1CV_'rL,ti r1,+11.e I ender :1, pet+\~lalill hl•reln- :loll
Ohl ar;, n.~!r:r 'l, Len.lrr shalt rte ~icen by iertifiid mail. -return riicn,t ri.tlri~ti.l. t~+ I curter-~ al,lrrs, scued hereto or to
~h ,~thrr :utdns~ a, I e~tlirr m;n dr.;enate h\ n.`u:, t,+ li.•:,==,arr pr,+a:dr,l ~ri~~= ~u\ u„tiir per+ai+h+1 fur in this
\tr+It,aL•e ,h.lil ix deemed to hoar been t,\eu to Horr++,+er ,`r 1 ender •.+ltrn gr.rn it the manner dr,i~•natea herein.
la. l-niA+rm ~lurtt;a>;r; GotcntinQ Law: tiracrabilih. li:~, r,•t~n uutnga~_i -++mhine, rmifunn :,+a:n:uih 1,~- national
. an,t n.+n-unit.+-n: ioae::.:n', a+ith limitr.l aanahon, M iuri,ri..:r.+n t,, ;,+n,titutr :r unrfrnn ,eiuntc irt,:nrnnnt is,vrnng
al pea+pert:. Ihr, ~lortC.rLr ,hall Fht guaentid by the 1.1\a ,+i rtes- iuri,.llitt:`n ~n ,vhi,h Ihr Pmpert, l,•iated Irt the
r ~a-ent th,lt .nt\ nn+\•is:a+n or it;nni l,f thi, ~lortgaer .+1 the \,•ti .,+ntli.t, ,allh :1 [,^Ili:it,iC la\v, sc:h iun!hit ,hall nl+t afleit
E ether t+r +~.~.ion. of the, ~lurte.r_•r .+t the mot; a,hi;h i:u, !~r =_rarn etfe.• wi•h.'::' thi iuntli:tim_ pn+\i,i,tn. and to this
pit the 1't,•`.i,I,+n, ,+t ilti ~irrleeYl' :Illa~ Ihi \„li .Ci =fi:!arid he ,evrf:+hil.
16. Borrower's Copy. Kvrroa++•r ,h.J! i•, lurnr,h ,.vlt.+nnid .op•. r•t thi \ot. anal ,,f thi, fit,+rt~+acr at the time
.~t e\e.utwn ++r attic rri,+rlation herrr'f.
17- •1-ransfer of the Propertt: Assumption. I! alt ,~r ;,n, n.,rt of the Pr,+pern or an mterc,t ttlerrin i, ,.+1c1 or transferred
to Borr,+aarr a+~thou' Ixndir•, pnur aatitlen aun,int. e+..!udin~ tat the :ri:+ti.+n ,+1 Ge? or en,;mthranie whor.lmate to
~1r+rttatr. tht rite ireation of .1 tturih.ne nu+nra ,e~uri:a tntrri,t f,+r h,+n,rh,+iJ a;tp!i:,niece. lie .l tran,ter h•; de\•iu.
.ie.iint ,+r h\ l~perahrn ,+f Lt\+ up,+n the Jea1h ,d u+r~tt tinant ,+r t,i, the !•rutt .+t .ut: le:,sehold irtrrr,t rf three ee:u, or lies
n=+t .untainmg an ,+ption t,, purchase. I ender nta\. .rt I inikr ~ :•pri,+n. di.larr a!I the wm, sciurrd by this \lortgagc to ItC
rruni,!latrl\ due and paaahle: 1 rndcr ,hall h,,ar ea.,~ail! -u,lt ,,ptn+•t t,` :+i:iter.,ri If. pnur to the ,ale ur transfer. I.rnder
r:.1 the per,l+n tr w!rom the Pn,pert, r. tr hr ,++I,t ++r trar.,trrri.l rra;h .r•reimrnt nt \antntg that Ihr ireait of ,uih person
,:,r,iaiton to i-en,ler and that the intrri~t pa\ahle gat th; ,rnr., ,rinrrd by thi, \lurtt'age shall he at such talc as I.rnder
,h.Jl reyur,t. If 1 ernler h:+, waicral the .+pri.+n t:+ :nie'erate pruvialed in thi, paragraph 17. and if &trmwer•s successor in
~ntrre,t h:n esriuted a written ascumpurn aerientent aiieptrd in aaritinz by 1 enter. Lender shall « le.+,r Borntwcr from all
:~hlig:rtu+n, under thi, \I„rtg.ILC and the 'lute.
If I ender esrrri,r, wih ,+pri,+n to asekr,,te. 1 rrnler ,hall trail Hu?ruaarr nut+ce of aciclcranun to aciordancr with
~ narlgr.,hh I-1 hercuf. Cnrh nuhic ,hall pruvlde a pior+d ,•f n,+t less that! zft d:n, fn+m the date the notice is mailed within
.+hiih K,+r r,nver mac pay the ,um, deil.ue.l due It limn+`.air tail to pa\ wih ,nm, prior t,+ the espiratinn ,+1 ,u:h peri,xl.
~ I enter ma\. aaithuut further noNre ur r!imand ,+n It,ur,+wrr. m\rkr an\ rrntedie, permrttea he paragraph IR here(tf.
= ~lt~-l:vtt(ticnt (•o\•tx?~rs Harrower and I rndcr further ccnrnank and scree as follows:
18. Acceleration; Remedies. Except ac provided in paragraph 17 hereof, upon Borrowers breach of any cotenant or
a{;reement of Borrower in this Mortgage. including the coaenaMe to pas when due am' sums secured b}• this Mortgage. i.ender
prior to acceleration shall mail notice to Borrower as proaided in paragraph 14 hereof specih•ing: I1) the breach: 12) the action
required to cure such breach: (3) a date, not lees than 30 da}s from the date the notice is mailed to Borrower, by which such
breach must be cured: and f4) that failure to cure such breach on or before the date specified in the notice may result in
i acceleration of the sums secured b} this Mortgage, foreclosure be judicial proceeding and sale of the Properh~. 77te notice
shall farther inform Borrower of Ihr 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 cued on
~ or before the date specified in the notice, Lender at Lender's option mad declare all of the sums secured b}• this ~tortRage to be
immediately due and payable without further demand and ma} foreclose this Mortgage by judicial proceeding. i,ender shall
be entitled to collect in such proceeding all expenses of foreclosure, including, but not limited tn. reasonable attorney's fees.
s` and costs of documentary eaidence, abstracts and Title reports.
19. Borrower's Right to Reinstate. ticttwithstandine I.cnder , arielcratu+n of rtes sums secured by this tit(trtgage.
Hormwer shall have the ri¢ht to have am pntceelings begun by Lender to enforce this Mortgage discontinued at any time
3~9 Pa~E 2i?1
31'1K