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1 ender'. ++nttrn agreement or :q,ph:ahlr Ia++ Burrower th;dl p:q the annantt of :111 mortgage in,urut~r prrmiuntc in the
nt,uuter pn+vidrtl under paragraph '_ hereof.
Am' inn+untt di,hursed M• I ender purw:u-t n+ this par,lgrfph 7. w nh uuc«,t thrretat. ,hall I+etanne additional
indehrednc„ t~f Bt+rrl+wer trcured by this \torteagr l'nle„ R<+rn+++er ;unl I ender acme to other terms t+l pavment. ,uch
annantt, ,hall F•e pavahle upl+n nnti.e fn+m 1 ender tt+ Rt~rrt+wrr rryue,ting {+;tvntent thrre~+t. ;uul ,h.tll I++•ar interest fn+m the
tLfte of tli,hunement •at the rite pavahle felon time tl, time tat outtrmdine principal under the \t+te ante„ payment of
sole«,t at ,uch r,Ne would i+e contrtr+• tl+ applicahlr I;n+. in ++ht~h event ,nch amounts ,hall Ixar irlt2«s( ttt the hiehe,t rate
I+rrmiccihle under :q,phcahle tali. Nothing contained in thts paragraph 7 ,hall «yui« 1 ender to incur any r~pcnse or take
.utv action hr«rndcr.
R. Impaction. 1 ender mat' male or cau,c to t+r made «asonahle cntriec upon and imprcliunt of the Property. pn,vidrd
that 1 rndcr shall give Rltr(i,wer Ill,tlle prior to am• wch imprcht+n ,pacifying re:ftonablc c;ut,e therefor «latrd to 1 rndcr'.
sole«,t in the Pn+perty.
9. ('ondemnation. The pn+cecd, l+f ant' a++ard ca claim flee lL•ImaeCC..li«ct lu can,eyoCnti;d, in connection ++•ith an~~
t:ondrmnatiun l+r other saline of the Prl+perty. rr part the«of. ar for ctat+•r):Incr in lieu l+f t:ondemnation.:I« herehv a„igned
ant[ ,hall he paid to 1 ender.
In the e+•cnt of a total tiling l,f the Propem•. the pn,t:eeds ,hall Ix~ applied a, the come cecurcd M• this 'Jl/trtgacc.
++ith the r,,cecs, if am•, paid so Rarn+wer. In the event l+f a partial tiling l+f the Property. unh,c Rorro+cer :Ind I.cndcr
otherwi,e ag«e in a•ritin~'. the« .hall t,r ;-pplird to the wmt taco«d by thi, \lortgage such prop;+rtion t+f the pn-cecds
ac is ryua) to that pn,pt+rtion ++hich Ihr amount of the ,um. ,e.u«d h+ thi, ~1l+rtga~e intntedi:tech pest+r a+ the date of
t;rking Fears to the fair market +•alue of Ihr Property immrdrltrly prior u- the tLltc of tiling. ++ith the haLlncr of the pn,crcds
paid to Barm+ecr. •
If the Property is ahandoncd by Rorn,wer. or if.:-fte- nl+tice by 1 rndcr Iu Rorn+wrr that the condemnor o(ferc to make
;In :I+canl or ,ettle :I claim for d:Image," Rrrn+wer fish tt+ re,p.aul tt+ 1 rndcr +cithin 2U da+, :deer the date ~+n•h notice i\
mailed. [.rndcr i\ authorised k, collect and apph• the proceeds. at 1 rndcr', option. tither u, restoration or «pair of the
Progeny or to the tom. ,et:urcd he this \lortgagc.
Unless l.en.lrr and Rorrl+wrr othcnci,e ag«e in ++ritin!•. anc su.h applii:flit+n of `prck"eed+t~lA ~tr+;tl .hall not cvtend
or pl+,tpon+: the due date of the monthly inctallmenl, refcr«d to in paragraph, 1 aria fiiSt:~4ihOlilfilpipt0l~te amount of
,uch inttallmentt. Mq;,Y~ ~;~~ ~-~ ~ ~~Wr
10. Borrower \nt Released. Fttcntion of the tinx for payment or modification of amortisation of the ,ums crcurcd
by thi, '.11.+rrLage grrntcd ht_• I.rnder to anc_ tut:ce,sur in sole«,t of Rt+rnn•.er ,hall not operate to rrleatc. in anc manner.
the liahilit}• .+f the original Rurm++cr and Rl+rrowrr', tlrcce„.+r, in interc,t. I rndcr .hall not l,e «yuirrd tt+ l:ommcncr
pn+cecdings again,t \uch urccesor or refuse to rstrnd time for payment or othen+i,e nu+dif+• amt+rtiiation t+f the cams
\erurrd h+• this Mortgage by rea,un of :tm~ dem:utd madr h+ the ori~•ittal liorro+ver :utd Rt+rn,wer'c trrrir„t+r, in sole«,t.
11. Fonc~aranre h~• Lender \ot a Wei+~er. :gym frrhe:uana• h+ I rndcr in etercising anv right t,r «m;dv hr«undcr. or
t+Iherwi,c :Ilse+rdcd M• applicahk I;f++'. ,hall nta he :I w•:fiver t+t or preclude the e~errise of :Im wrh riche t+r «medv.
"The procnmmcnt of insurance ur Ihr pacmrnt of tier. or l+ttter liens .a charge, by 1 rndcr .hall not I,e :+ ++:uver t+f 1 ender'c
right t,+ accelerate the maturitt of the indehtedne„ ,r.u«d M thi, ~tortzage.
12. Remcdiec ('umulative. All remedies prl++ided in thi, \lungagc arc di,tinct :Ind cumulative tt• anv t+ther riche or
rrmrJv under Chic Mortgage or afTurdcd ht• la+c t+r ry:lin. ,uxt mat he etrrcised concur«ntlc. independentl+. t+s ,n;t:e,sivel+.
13. Successoa and :assigns Bound: Joint and Several Liahilih: ('options. "Ihr ct-venants and aLreenunh hr«in
cuntainrd ,hall hind, and the riches hr«undcr ,h:dl inure to. the re,pecti+e lacer„t+rs ;fled align, t+f 1 en.ler and Rurn,wcr.
,uhject m the provi,ion, of paragraph 17 hr«of All covenam, :Ind :fg«rments of Rornnver ,hall l,e ;t+int and ,even[.
The captitnn and heading, of the parlcraphs of this Tort=age arr ft+r et+n+•enience tntl+• :md arr rn+t tt+ he used to
interp«t or define Iht: provi,ions hereof. -
1J. \otice. E~ccpt ft+r anv notice «yui«d undcr applicahle la++ tt+ hr given in ;mtaher manner. /at :un• notice to
13t+rruwer provided tot in this Mortgage shall hr given by mailinL ,ugh rn+hce M certified mail :fddres,cd to Rorrl+wer at
the Propene :add«„ or at .nch .+thrr adder„ a, Rorrl+wer m:/+ de,i_at:rte M make to I rndcr ac pet+vidrd he«in. and
thl am notice to 1 rndcr ,hall F,e given by certified mail. return «rrtht nyue,ted. t.+ 1 ender, addre,c elated herein or to
,uch t+Iher atld«„ as I.rnder may decignatr h+ nt•tice tt+ Born+++rr a, pr.++idrd Itr«tn. :\nv nt,tiir pet+vidr) ft-r in chit
\tortgagc chill F,e deemed tt+ have Fran gi+•en to Born+++er t+r I rndcr ++hcn gi+rn in the manner` de,ignated hr«in-
I5. l'niform ~iortKa>;e: Governing Law; Se+erahilih. lhn f.+rm ut nt++rlLa_•e ~t+mhinec uniform ct++•enant, ft+r national
ll,l' :fnd nt+n-llltlft+fltt It++l'Itanl, ++ith [smite.[ varr:ftium ht InrhtltirL+n It• •t+IHlatltl' :1 Illtlfllrrtl ,CiUr11+" intlrn:::Cnt iAVcring
«al property. Thi, ~lurtgage chill he govented by the la++ t+f the iuri,.li~titm in ++hich Ihr 1'ropern i, h+"ttrd. In the
event that anv prt+visit,n or cloaca of lhi, ~lortgace t+r the \t~te ~tattli.t, i,ith applicahle la+a. ,u:h cunlli:t ,h:dl not affect
.+Ihrr pn•+t,ion, of thi, ~lorteage or Ihr \ote ++hfrh ran hr :•t+en elfet:t ~+itht+ut the cl+nlli~tim_ provision. and :o this
tend the pro+i,iom of the Mortgage and th+• \ttR• arc .leclarcd tt~ hr ,everaMr.
16. Bormwer's ('opt. &Trro++rr ,hall hr furni,hed :f rt~nft+nnrd a+pv ut the \ote ,end l+f this \turtLagr at the time
.+f c~ectrtiun t+r otter re.•ordation hr«l+f.
17. Tramfer of the Pnlpert~: Assumption. If :dl t.r :ul+ part of the Pr.y,erty t.r an sole«st therein is ,.+Id t,r transferred
he Rorn+wer ++ithtnfi Lender's prior written ~t+nsent. e\:htliing fat the ~«atittn of alien or enclrmhr:utce suM,rdin:de to
thf, ~lortgagr. the the i«ation of a pur.•hase net+ne+ ,crurit+ sole«,t frr hnu,eht+Id appliances. tct :I transfer by devise.
descem t:; by t+peration of Llw upon Ihr death t+: a i.vnt ten:utt t+r Idf the gr:utt rf art+ Irauhold sole«,t of three years or ICs
not containing an option to purchase. I ender mat. at I rndcr', ,q,u.+n. drel:ue all the sum, ,reared h+' this ~tortgagc to tee
unmelh:ftrh' due and payable. t rndcr .hall have ++atved ,u:h l+ption tr accelerdc if" prior to the ,ale or trandcr. I.cnder
:Ind Ihr putt+n to whom the Pruprrty is tv t+r ,rld t+r tran,terrrd «;ah ag«ement in writing that the c«dit of .Tech pcrton
t, tatisfacp+n to Lender :md that the interr,t payable t+n the sons secured by Ihi, ~lorteage shall F,C at such talc at Lender
,h:dl «yrtest. If 1 ender hat waived the optic+n to accelerate provided in this paragraph 17. and if Bt+rrower', ,uccessor in
:ntrre,t ha, c~ccuted a written assumption :-c«ement accepted in writinc hv_ I ender. I_cndcr shall release Borrower from all
ohltgahons undcr this Morteagc and the ?~'otc.
If 1 ender e~erci,es ,uch rphon to accelrr.lte. I ender sh,fll mail Rorn+wer notice of acceleration in acrnnlance with
paragraph I.3 herrnf. Such notice ,hall provide a perirtl of nta le„ than ?(1 days from the date the notice is mailed within
which &+rrt+++er mac pas the sums declared due I1 Borrower f,lils n+ p;n ,uch sums prior to the rspiration of ,uch pcrilxl.
I.cnder may. without further notice or demand tat Borrower. mu+le anc remedies pcrmtttca by paragraph IR he«of.
Nov-hvn otr~t ('ot•F V.1N7s. Borrower and Lender further covenant and ag«c 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 31ort8a8e, including; the cocenantc to pay when due any sums secured by this Mortgage. [.ender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (21 the action
required to cure such breach; (3) 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 (4) that failure to core such breach on or before the date specified in the notice may result in
acceleration of the sums secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property. •ILe 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 anv 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 Ixnder's option ma}• declare all of the sums secured by this Mortgage to be
immediately due and pa}'able without further demand and ma}• foreclose this MoNg!age 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 docomentary evidence. abstracts and tick reports.
19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have am• proceedings begun by Lender to enforce this Mortgage discontinued at any time
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~oo344 PdGE 343