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i rn+lit'..crntrn .ILrrrntent ut ;Ipph,.lhle !.1\\ Iiunul\rt sh:dl I+a) Ihr ant+•unt ul ell nlurlaLe iu,ul.ln.e prrntitnn, ul the
nt.Innrr pn+\,dc+l under I+at+I>;raph hrrru!
Inc :unuuntc Ji.hnl,rd M 1 emirs }au,uant t+• this I,.u.,_r.y,h l\;th :otrrr,l thrteun •.h.dl hriuntr adJihunnl
inJch•rlinr,, .+t IA+?1u\\rr ceiured by Ihn \lun:•.Iee 1 nle„ k,+rr++nrr ana 1 rntJrl a>•n•e !r l+Ihil Irnnc +tt p:ICntcnt. wch
:Imtuntt„h;JI hr {+.1\ahlr Il++t at nt+tiie Innn I enlist t++ li+•rrt•Uir Ir.iur•tin~ I•.r.ntrnt Ihrrr+•t.:uld .h.,ll he.tt intrrrci fn+m Ihr
+I,Itr of Ji,hutcrmrni at the rart• },.lc Ihlr tr++tn tints tl+ lone un onhtanllit>~ plin:lpal under the \ute unle„ pacntent of
interr~t ;II cu:h rltr l\uul+} he cunu:tn to appli:ahle !.t,\. m l\hich scent ,urh :unuunh ch;ell F+e:Ir interest at Utr highest rah
prnnicsihlc under :1}+{+hcahlr l;la \nlhinL contains) m this paraLrl},h 7 .halt require I ender t++ in:ur ant c~pencc or take
.ur\• anion hersundsr.
Incpertion. 1 rndrr m:+\' m•14,e ur .au+r tl+ he malls rcasonahlr entrirc spun and incpc;lllatc of the Pru},l•rt~•. prl+viJsJ
that 1 ruder .hall LI\r Burn+\\er n.+tlce pail+r to am stt;h ins}+ecttun .}x:ihulL rc.lslataMe c:ulce thrreh+? IelahJ h+ I cnder'c
uurre,t In Ihr Prl+},ertc.
9. ('ondcmnalilut. The prl+iecd. l+1 :ut\' ;I\\:+n1 1+r claim for dam:tLr,. Direct ur :un,eyurntial in ilatncitiun \\ith ant
. onl.lenulatil+n .+r other takinL rf the 1'n,},l•rl\•. 1+r part Iherr++f. l,r for c.+ncrcancr in lieu ut iundrnul.ltiun. an• herehc ecciLneli
and .hall hr p;ud to i cnJer.
In Ihr rcenl 1+f :I t++tal [akin+~ .+f the T'rl,prrt\. the },rl+:erJc shall hr :yy,lir+1 t+• Ihr cnntc srinrrd h\' thi, \lortgaLr.
\\ith the es:e,c. if ;utc. },.lid to B.+rr.+\\rr In the event 1,f a p:u1i:J LlkinL of the Pronrrly. unll••c liurru•.\rr ;Ind I enlist
+aher\\i,e agrrs in \\ritinL [hest ,hall F+e ap},Grd to Ihr wmc ,r:11reJ h\ thi. \lurts.rr ,nib t,r++p+,rti++n ++f Ihr prl+lxcdc
:IC i. syn.ll to that pn,puniun \\hi:h Ihr :unlnlnt of the saute ceiured h\ thi, \I1+rt_•.!t:r inunrdiatrl\ i•ril~r t++ the diet of
taking i+sarc d+ lhs fair mari:ct \:due l+f the 1'ru},ert\ inuneJLltelc psi:+r il+ the llale of r•11.inL. ith the h.dance ++f the prlkeellc
paid to Borm\csr.
If the Pr++pc~t\' i.:lh:nldunell he Burn+\\rr. rr if.:Iftrr m+ti:r in 1 l•ndrr h+ B++rn+\ver Urd ihr rnndemnl+r utTers to make
:111 ;1:+,lRI .+r crltlr :1 11:12111 fl+r 11.111:aPe~. 13+•rfl+\Yl•r 1:111, h• ir, p++llll 1+• 1 l•Ilder \\t1 h111 ill d:1\? ;!tier Ihl' ll.lle ,tlih !tUtla• I,
mellcd. l.rmkr is :nlthoriirJ to culls:[ anJ apl,lc the prl+l•r.•dc. at I rndcr'c option. tither tl+ rector:diur. 1+r repair of the
Pm},l•rn ur tl+ Ihr cunt. ceiurrd h\ this ~tl+rtLaLc
I•nlrs~. 1 snJsr :Ind Borru\\er othcnrice aLree in l\ritin:•.:un .nib :I}+ph,.Itit+n ++f i,n+iredc to prin:il~.tl .hall nut sstcnd
l+r puctplatr the Jut J;rts l+f the monthlc inctallmrntc referreJ to in p:uaer•Ildt, i and ' hcrcl+f ur ch:ur_•e the am!+unt 1+f
su:h utcrlllntcntc.
10. &trrower \ot Released. 1'~Irntil,n 1+f the t;nte f.+r p.r. mrnt or mudifii:Itiun l+f :Imurtiiat,on /+f the cumc secorell
he this \iurtraLe LranhJ he 1 rndrr to ant wcrsccl+r in interest of Borrourr chill not operate to rel:ace. in anv manner.
the liahtlin ut the l+ri!~in.ll 13urru\\rr and Rl+rn,\srr•. s;l.:rc,ur, in intrre,t I rnllcr .hall m+t i,e rcynirrd 1+• cl+mmcnce
1,1,•,eeJinLs aL.limt such cncir,cur l+r refu,r tr sstrnli tints for pacntenl 1+r othrn\i,e mlalih :Imp+rtiiatil+n t•f the sums
ceiured h\• thi. ~!ortLags h\ na,l+n 1,t .,nc Jem:utll m:ulr h\ the l•ri!•in;d t3urru\\er and Burn•werc suiirccur. in interest.
I1. Forbearance M Lender \ot :t N•aiter. :1n\ t.+rhearan:r 1 rnllcr in e,ercicin_ ant right ~+r rrntrJc hereunlter. ur
++thencisr atfrnieJ hs :lppli::lhlr Lla shall nl+t t,e .I \\ai\er ++t 1a prcrlude the rsercice .+f :ut\ ct::h right t,r rrntedc.
The pn+:urement of insurance or the p;lcntsnt of east, ur other Gene ur charLec he 1 rndrr ch:Jl not F,e a :\.u\•er ++f I enJer'c
right to arrrlrr.Its the m:tntritc of the mdehtedne„ ,r:urcll h\ thi, \1:+rtgaee.
12. Kemediec ('umulalire. :111 rcmelhe, pr++\iJed in this Ott+rt;air art Ji,!init anJ cumnlati\-c to am rthrr right ur
rente.h under this ~1l+rtgaLe ur alTurJrJ he la\l I,r eyuit\. Ind ma\ hr e\rricell it+nrurrcntic. indr},enJent[c ,niii"ierh
li. Succecson •rnd A~cigm Bound: Joint and St•\eral 1 iahilitc; ('aptionc. the cocrnanh and a~•Ierntrnt. hrreit:
ions+uneJ shall hind.:Inll the right. herrunJer .hall !Harr tu. the rc.pe:ti\e cu:ce.v+rc :uul ac,igns l+f I sn+!rl .end Bt+rrl+uer.
,object to Ihr pre+\i.il+m of paragraph 17 hurl+f. ~~II a+cenant, ;nnl agreentent~ 1+f &+r r.+\\er .hall I,e jrint :Ind ce\cral.
The raptiunc an.l heading\ .+t the p:uacraphc of this ~t++rtgage :ur frr cl+nvenn•n.e unl\• ;mJ art rn+t h+ hr [iced U,
~nterprrt l+r Jefinc the pnn+cirm herel+l.
1J. \nlicc. F~irpt fur ;utc nutlre require) unJer :gy,licahle lal+ t+• hr given in :Irn•ther mannrr. tat ;tnc nutirs to
liurru\\er pr.+ciJed it+r _!n Ihic 1ortgage shall hr Lion h\ ntailin_• ,uih n++ticr h\ :rrtified snail addrssceJ to Borm\\rr at
the Prul+erlc :~:1dre,c ur :It .nth lahrr :ulJre,c a, B+•rnn+cr m.lc de•.Ignatr he nutiie to 1 ender :IS pn+cilkd herein. and
Iht an\ notice to 1 rnJer ,hall F+e gi\en h\ cerUliell ntell. re;unt rr.rlt+t rc.lue.hd. t+• 1 cn+tcl•, ad+irecc stated hrrrin ur to
~u~h ,,thcr address .I. 1 enlist m:n Jecignatr h\ : ++ti,r to lit+rr••l+cr ac pr++.:Jcti hercitl. ~~rtt n++tiir pr+•cidrJ f++r in this
~1uttLnLe .hall it JsrntrJ tl+ ha\r horn gtlen to 131+rn+ucr 1 inJrr •.+hen gtcen in the mannrr Jeciertan•J !lerein.
1S. l•niform ~1urt>ragc; Gotcrnintr LaN; Seacrahilih. i h!~ t•~Im +.t nu+rt_age lumhinrc uniform :++cen:lnt. fur n•Itu+n:d
il,e :I MI Ill•n-11I1)tl,fttt It+\l•Il;lltt, Ulth lllttltrt{ \.Iflafp,n, h\ tt!r!~,llith,n L• i+•INt!ltlll' :1 llltltoirtl ce:!trll\' t!1\trttlltYlli il,\erlnL'
real propert\. Ihi. \torlgage shall hr c.+\ented I,c the L,ll ++t the inri,+itittl+n nl \\hi:h Ihr I'n,pertc 1~ IralteJ. in the
turn[ 'hat ;Inc pn+cisiun rr cl:nlce ri thi, \lortgs_•e tv the \,+te ;I•ntliit. \+ith applii.Ihle F.I:\. cnih it+ntlict .hall nut :+fTcct
t,thrr I,r.+\icilm. of thl, \lurtg:r_e ur the \.,te ++hi.it .an hr green elleit ui•hunt the contliitine pr:•\i,i++n. and u, this
rnd the ptuli.iunc of +hr ~lurtgagc end the \++te an• •iriLlrrJ f,l• .e\rrahk.
16. Borrower's ('opt. 13urn•l\rr ,h.I!I hi intn„he.l it+nt+•nneJ cope .+t the \utr .utJ of this ~lortg;+ge at the time
td c~r:lrtiun 1+r after rrt:++rJatil+n here+•f.
17. Transfer of the Prupeti}::~cwnryttiun. It :J! ++r ;u!•, c+art 1•f the Pr++prrtc ur an intrrect [hrrrin i, still l+r tramferred
Hot rl•:\er \\li hlq It 1 ellJCr•\ prll+( Nr111i'1 ~_++!I,e(11. a\i!tiJ l11~ ,.It lhl' ilea U++l1 1+t :1 Ill•1! .+r l'n: Ullthf::It:l' 1lli,l, rlllnate il,
j ;hi, \1urtLagr. 11,1 the creation of pur,ha,r nl+•ni\ .r:uril•. nltrre,t fur huucrhuid appfian:ec- (il a tramfer h\' dcvix.
~ .Ir,cent .+r he l,prrauon l+f LIl\ up.al Ihr t.lrath +•t i+•tttt trn.un ++r t,i. the gr;alt ++f ;ul\ leasehl+ld inhrect of [hrrr cease or Ices
nut ll+ntaininL :In option 11+ purchau•. 1 rntiir nla\. at 1 c!!Jrr'~ +q,ttun. dcil:uc all the .ant. cecurell he this ~lurtgage to I+r
nunediatelc due and pacahle. l rndrr .?t,,ll ha:e +.lat\l•d .nib option r++ aiirler.ar if. prior to the ,:Ile or Irutcfcr. i ruder
.In+1 the },ercon lu \\hum the Prrperlc i. tl• hr .ul.l l+r tr.In,terrc+l riaih .,_rremertt in \\nting that the crCJit of wch peso+n
c;Itisfacton to 1 enlier :Ind th:,r the intrre,t risible .al the ,nnt„ei!lrrd he thi. ~1orlgaLr chill he at su:h rate as I ender
j ,hall reyue,l. If I ender has wai\rJ the uplit+n tr :I::eler.,te pn•\idrd in this }+.Iraerlph 17, anJ if Burn,wer', ,ucccccor in
i ~nhrc,t ha. r~ecutcJ :1 \\rithn assumpnun .r•~rrrtncnt at:rr!~lyd in \\riunL he 1 rndrr. I rnllcr ch:dl rclr,lcr Rorro\crr from all
~ t,hliL:rtiuns unJcr this Mortt•;Igs and the \o
tr.
If I ender e~srcicec ,IICh l+},lion lu :Iiirler.ttr. I rntkr .h.,ll mail Burrvn\rr nutiee of araleration in :I000nlance with
j paragraph 1.1 hereof Such nuUre .ha!I p:oclde .I prriult of nut Ire. th;ln 7(1 Ja\c from the date the notice is maileJ within
~\hich Burru\\cr ma\ pas Ihr sums Jcilalc+t Jnr It lit+nuurr Sail. to p•n .nib ,nmc prig+r In the rcpiratiun of such }+srioll.
rndrr mac. \\ithrvu further notice ur Jrmand 1+n li+•rr++•.\rr. ;ncukr :un remedies pcrtnrttea h\• paragraph 1R hereof.
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~nK-I.!YItUK\t ("•ll\'F\~ti7S- Bl,froKCr anJ I rnJer further covenant anJ at?rec as follows:
18. Acceleration; Kemedies. Except ac provided in paragraph 17 hereof, upon Borrower's breach of any cot,•enant or
agreement of Borrower in this Mortgage, including the covenanh to pas when due any sums secured by this 1ortgage. Lender
prior to acceleration shall mail notice to Borrower ati provided in paragraph 14 hereof specifying: 11) the breach; 12? the action
required to cure such breach;131 a date. not lest than 30 da}s from the date the notice is mailed to Borrower. by which such
breach must be 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 be this Mortgage, foreclosure M• judicial proceeding and sale of the Properh•. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right In assert in the foreclosure proceeding
the non-existence of a default or any other defence 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 may declare all of the sums secured by this Mortgage to be
immediate)}• due and payable without further demand and mac foreclose this Mortgage by judicial proceeding. Lender shall
f be entitled to co11ec1 in such proceeding all expenses of foreclosure, including. but nol limited to. reasonable attorney's fees.
and costs of docomentary evidence, abstracts and title reports.
19. Borrow•er'ts Right to Reinstate. tiot\vithst;mding Cruller's acceleration of the cumc secure) h}• Chic :Mortgage. '
Horrowrr shall have the right to have :Im procrrJtnLc hrgun by I.rndrr to snfurrr this ~tartgagc diccontinucJ at am• time
I
~~1~~343 ps~f 438
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