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ruJr?•, ttrrurn .Ig«r•ntrnt u? .q,{,Ir..+hlc Lltt N,vrr+ttrr .hall pat the aun:unt ul .111 murl~acr in,ut.ur,r ptrtnium, m Ihr
nl.utnrt pt,:trdr,! under {,:u.l>;r•Iph ' hr«ul
ant •un,+unt. rli,hutx•11 ht I rn,irr hut,n.ult t.+ thl. l,ar.+cr.lhh ~ rte?h :ntr«•,t thrtron .h;dl hr.,anr ad(hHonal
ut,irh+rdnr., ,,t 14.,tr.+ttrr ,r:urcd ht tht, tlurt_•a~r 1'nlr„ Hurr.,e(rr .InJ I rml+v .1_•rrr l0 1+Ihrt tram ut patntrnl. ,nch
.uu,`unl, ,hall Ik• {+atahk ~r{~,•n antis fr++nl (rn+lrt t,+ It,:tt,ntrt truur,tine {+.Itntrttt thrrr,•I..unl •!Llil ht•.u inh•rr,t fn+m the
,Lac ++1 rli,htu,rntrm :II the clh• p.+t.J,lr Ir.au tintr to tutu ,:n uut,t.uutine plut\ipa) under the \utr unlr„ {.:trment of
inh«•,t at w:h r.ltt• ttoul.) h.• tontrart to althhcahlr 1•lu. m tthr:lt rcrnt .urh :urn+unt, •.h;111 Ik•;Ir intrrr,t at the hi~hr+t talc
{+rtnnssihir under al+{+h:ahlr I•Itt. \othin{.+ contained to tltt, h,lraery,lt 7 ,hall «•ywre I rndrr to incur :uts rsprn,c ur take
utt• a:tiun hrrrundcr.
!t. Impection. 1 cnllrr mat nt.ll.r .+r . au,r h+ hr nt.ldr «a+onahlr rntrir, a{,.a.:Ind itt,hrcliun, Ihr Pn+l+rrty. pruvi(kd
that 1 rndrr .hall ~itr I1.,nuttrr n++It;r prior tl, ant .nth inspr~tll+n ,l,rciltul~ rrasonahlr .:Itr,r the«tor rrlatrd tl, 1 cndrr's
uurtrtt ut the Nroprrtr.
9. ('undemnalion. •Iltc pr,+:rcd,,+f ant' attard of r{aim Ga rlanta~~r,. di«.t or ~.+tt,ryurntial. in :+amr~til+n tcith :Ine
.ondrmnali(m ur nthrr talin:• I,f the Pn,hrrtr. ++r hart them+f. ur f(+r c.attrt:ulrr in lit?t ut i.+ndrmnaU,at..lrr hr«•ht .IS,icnc(1
InJ ,hall hr paid to (rndrr.
!n ihr runt (+f a tl+tal tahin~• of Ihr Pn+hcn)•. the hrl+;rrds ,hall Ix applirri h+ the .+nm .r~nrrd ht• thi, X11+rtc:+Lr.
••tith the rscr,s. i( am', palO to Burn+t+rr In the rt•rnt ++f a partial tal.mg of the Pmhcrh•. nnlr„ Itorrr+\crr :uul 1 ender
,ahrrt+i,r serer in tsritint_•. thrrr ,h.lll t,c apphrd to the ,um, sr:urrJ ht Ihi, `t/+ncatir .rr:h plop,+rti/+n ++t the hr(tceed+
a: i, ryu.d t(+ that pr.+portir,u tthirh the amuuut (+f the .ant, u•;ured M this \11atLa_•r immrdi:urlt prn+r to the date of
t.lkink },(•ars to the fair market talus of the Pr.ytrrR• innnr,liatrlt pn,a to the rtatC of tal.in_. ttith the hal:utcr of the pn,~rcds
paid t+, Bormacr.
If the Propertt• is :thandonerl ht RUrrc,ttrf. la if.:lftcr noti.•r M I rndrr to 1;.+rr,+urr that the rnndrmnr+r olTrre to make
an ata,lyd or ~rttlr :I claim f(+r +Luna~r.. Itorrowrr tail, r,. rr+p,~nll h+ 1 rn(1rr ttithin t(t d:+t.:Ittrr the (Lltr ,u;h n,+tiCr is
nt.ulyd. Lrndrr i. authoriird h, cullr:t and apph• the hn4•r~(L. at 1 rndrr', 1,{.that. tither to resturatiun .+r «pair (+f the
Pn,pt•rt~ or to the cunt, sr;ured !+t This ~1orlcaec.
t'nlr+, f rndrr and Burrut\cr othcnt•i.c aQrcc in t+ritim•. ant• >n,h :(hl+li,.lti,+n r( pn.rec•(!. t/+ prin:i{~.Il ,hall n.\s c~tcnd
++r h.,,tpunr the due• date uJ the m(,nthh itritallntrnh rrfrr«d ut in p.uacrlhh, 1 and ' hereof or ch:ur~r the :umautl •,f
,ugh in,t:dhncnK -
10. Borrower `ut Released. 1=stension of the time fur h:nmrnt or ml+(1i(iration of ::ml+rtiiatirn ++f the +urn. secured
h}• thl. Vl+rt_•acr Lrantrd ht I rnrirr t++ anc succcsur at intrrr,t B/,rn,eter ,h.tll not /q•rratr to «lrasr. in :Im• manner.
tilt hahilitt ++t the rri~•inal 131+rn+ttrr and Rorn,tsrr'~ su~~r..,n, in intrrc,t 1 rndrr shall nut i,r «.pli«J A+ commence
*tr,credinc. az.nnst wrh .uc:rts(+r or «(u,r t+, cstrn.t time fur patntrnt I,r (,Ihenti,r tnudift :Iml+rtirati+,n of Ihr wmc
,r;urrd by thi, Stungagr ht «a,++n /+t .ult drnruul made ht the 1+ri~•inal Borer+ttrr and (torn+tcrr'. stl~cestor, in intr:rtt
11. 1••orbear:rnce hc• Lender \ut a 11'ai~cr. •1nt f:+nc~•ar;lncr ht 1 rmlrr in escrci~in>• am right 1+r «mrdt~ hr«cnllrr. ur
•~thrra•isr :Itfradcd ht aphlicahh late. ,h:,ll not hr a waiter (+t ,+r prCaudr the rsrrri,r r+f am w:h right ,+r «nt•_dt~
Thr pnx•urrment of insurance or the i,at•mrnt of last, ur „thrr lien. or char~~r, ht 1 rndrr ,hall nut hr a tt.litrr ,+f 1 rnrlrr•s
right to ac.rlrratr the maturitc :+t ihr indehtrdnr„ ,r:nred M thi, \lurtgat:e.
t2. Remedies ('rtmt?lative. •11! rrmethrs prl+tulyd m thi, \lurtgagr art distinct ;Ind .umul:ltivr to am rthrr ri~•ht or
rrntrrit under Ihi, ~11•rtu.lgr r+r alhadrd ht Llt+ or ryuilt. ,uul mat },r rsrrri,r.i ;oncur:rntlc. indrprndrntit o? sn:;c„icrlt
13. Successors •rnd :~~signs Bound; Joint and Seserrl Liability: ('aptions. "t hr ~•+trnant, :Ind ;Igrrrntrnh hrrcin
:ontainrJ .hall hin(i. ;lnd the ri_itt. hrrrundrr sha}I mtnr h•. the rr,pr~titr su~cr,s.+r, :Ind as,igns 1+f 1 cnllrr and B,+rn,wrr.
,uhjrct h, the hr.»i,ion, of parl_•raph 17 herruf ~\II cotrn,,nt, :Intl ;Irrrrntrnn of Borrottrr ,hall F,r is+ita .tr•d ,rtcral.
fhr caption, :ctrl hralling, of the para>raph, of this \tort~~agr ;Ire f++r com'rmenir unlc ;ut.! art not t++ hr ttscd to
uttrrp«t or define the pr(nlsiorn hrrc(tf.
1J. \utice. Fsiept for am notice rryui«d unrtrr aphli~ahlr lull t•~ hr tirrn Sn :Inl,ther mantlrr tar ant' notice to
II„rrot+cr protrdrd t+~r rn Ihi. ~turtLacc shall hr ~+trrr ht mailim, ~u:h n„urr ht ,rrtrfir(1 mail :Iddrr,•rd to Rrrrottrr :d
the Pn+i.rrte :\dd«,s or at ,urh other add«.. a, B,+rr/•ttrr mat dr~l_•n.ltr ht n,vi,r to 1 rndrr ~ rot•idrd hrrrin. and
tht ant nutlet to 1 cnllrr ,h; II },r gisrn ht crrutird mail. rrrttnt rr:r,pt rryur,tr.i. t,~ i rnrier•, ;Id,lres, u;ltc•(1 herein ur to
,nt•h oNtrr address :IS I rndrr mat drsicnate ht noti:c to' l3orr,~t+rr a, pn+t ntr.l hrrrut. ~\nc notirr hr.+t•tdrd fur in this
\t+:rt~a~r shall t,r dermrd n, butt hren zitrn to Rnrn•t+rr or I rndrr t.hrn gltrn it the manner dr,iLnatcd herein.
15. t•nifornt ~L?rt~a>;e; GuverninL¦ Law: Scteruhilih. Ihi, n: of moor:r_r •.omhinrs uniform :ot~rn:Int, f+`r natil:nal
n,r and non unitorm cotenam, with timilrri c;+riatiun, I+t tart„i~,n,:n r„ ;,,n,trnrtr a uniturnt sr.:uitt irtstnunrnt cot•ering
rrat proprrtr- This ~tort_agr shall I,r gutrntrd ht the !.,t. .+t the iun:.li;tn•n n: tthirh the Proprrtt i, lr+:atrd In the
rt•rnt th.lt :utc protauat or rL•ut,r of thi, ~1ort~•:Igr ,`r the \„tr ,ot,tli~ t. `.cith appli;;+hlr law. ,nth ~.+nili~t ,h;lll nut affect
,`ihl,- ph+\hl,+M Uf thl? X11+rtgair r+r Ihr \r,ti tittitih salt hr CRl'tl r?Ir.l '.t1'FH+!Il the iUniltitlrn_ pr(+\l~lltlt. :Illri t(, thlS
end the pr.,tisions of ?hr ?tortgagr and the \,+R• .Ire ar,i,lrrd t,: hr ,rrrrahk
I6. Burrowers ('opt. B(+rmttrr ,hall h+• tu~nr,hr.i ..vlfornu•d ~++l+t ut the \otr and of thi, t11,rh•agr :It the time
•~t csr.ntiun or attrr rr:urdation hrrr.+f.
17. Transfer of the Pn?pert~: Assumption. I! ,11! ,•r :u„ t•.ut o! the 1'roprric ,•r an intr«st the«in i, ,++1(1 or transferred
ht Br,rrourr tttthuilt t rndrr•s pen+r «rittr:: .,•n,rrtt. t•'.rlu/liu_ tar the :«•ation of a lien or rncnmhrul,r slrhurtlinatc to
?hr, ~1++rtgagc. rhl the :rcatu,n of .t parcha,r nn+nrt ,rcuritt tntrrrst t.`r }ton,rhuld appGanrr,. tct .1 tr:ut~frr ht dct•ise.
rlr,crnt or ht uprr•rtion of Lr.t shun Ihr rlrlth os .r i,~~nt tenant or t,ir ehr grant ut .un Ir.lsrhuld inlr«st of th«r t~r;us or lest
,tut ~untaining an option to pnrchasr. I ender m,lt..,t (rndrr'- option. dr:iarr :1!1 the wnt, sr:urrd he this ~1rrtgagr t(+ hr
uuttr.ir.tirlc dui :Ind p:nahtr !rndrr ,h•Ill hate \tartrd ,ugh rhtron r.. accrlrr.ltr if. prior to the .ale ur transfer. Lender
Intl Ihr person to tthum the 1'roprrtt i, tr• hr ,Id,i ,,r tran,trr«d rrl.h acrrrmrnt in wrltutg that the ,rrrht rf such I,erson
satisfaiturt to 1 rrnlrr and th;,t the intcre•t patahlr on the ,unt, ,r~ured ht thi, ~1(,rtage shall F,c at such rate as Lender
,hall reyurst. If I rndrr hat tcaicrd the option to acrrlrr.ltr pn+tidrJ to this parl~,raph 17.:utd if Bormxrr•s successor in
:ntrrest ha, etecated a written assllmpuon a,`r.rment ai.•rhtrd in tcrinng ht I rnr}rr. Len(:er .hall release R(•rr(ttcer from all
,+hGgahons under this ~lortgagr and the \otr.
If (ender esrrcisrs such upUon to accrlrr.ltr. 1 rrnlrr ,hall m.lil Borrottrr notice of acceleration itt acc(vd:mce tcith
I+:Iragraph 1~3 hc«rf. Such notice ,hall pruvidr :1 peru+.! .+t not lrs, than 1tl dal, from the date the Haller is nt:/iled within
•.ahich Brrn+wcr ntat pat the ,ums declatrrl dnr I? Borru\trr Lul, to pat such snnts prior to the repiratirn of such pcri(xl.
Lert.lrr m:+~. tslthuut further Holier or Jrmand on Iturrottrr. mtokr am rrntcdics pcrrtrttca ht• paragraph I~ hereof.
lux-l'vttorctt Curt-~:iVT~. B(,rruwer :rnd Linder lurthcr cotenant and agree as follows:
18. Acceleration: Remedies. Except :as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
~ agreement of Borrower in this S1orIRaRe, including the cotenants to pay when due am• sums secured by this Mortgage. Lender
prior to acceleration shall mail notice to Borrower as prodded in paragraph 14 hereof specifying: (1) the breach: (2? the action
required to cure such breach; (31 a date. not less than 30 days from the date the notice is mailed to Borrower. by which such
breach must be cured: and (4) That failure to cure wch breach on or before the date sRecified in the notice may result in
acceleration of the sums secured by this Mortgage, foreclosure by judicial pmceeding 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 any other defence of Borrower to acceleration and foreclosure. If the breach is not cured on
r or before the date specified in the notice. Lender at Lender's option may declare al) of the sums secured by this'.Nortgage to be
immediately dot and payable without further demand and may foreclose this 11ortRage by judicial proceeding. fender shall
~ bt entitled to collect in such proceeding alt expenses of foreclosure, including, but not limited to. reasonable attorney's fees.
j and costs of documentary es•idence. abctracLs and title reports.
I 19. Borrower'rt Right to Reinstate. N(?twithttanding Lcndcr•. ;ICCCIeraU(,n of the some secured by thtc Mortgage.
Borrower shall have the right to hate and ptot:ecdings hrgun he I ender to enforce thts Mortgage discontinued at anV time
8«~ 343 PaGE 9a9
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