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rndrt'c unltrn aLreenucnt or apph:.thlc i.t+s. liurruucr chill Pad the annan-t of .ell net+ttt;aec ~n(uf`u-:e prrmiuntc~n the
m.umcr Pt usulr,l unJCr Paragraph ? hcreot
:~r-c ;unuuntc di.hursrtl he 1 ender Pursuant to Ihic Paragraph 7. uuh uttrrect thrreun ch:dl F+rctanr :uWiUt+n:d
unlrh~rtlnr.. ~•t Ifurr++urr ccrureJ h~ the. ~IurtL.-Lc 1'nlr.. Burrower .ut,l (roller aeree to other term. t+f Pavntrnl..uch
annart-h .h.Jl I+e I+,n;d+lr optic nnti:e tram I tvuirr to liurruurr rcyur.tin_ pasntrnt thrrr.•f.:utd .h.rll ht•ar inrt•rcet fn+m the
d.tte t+f di.hnncntrm ;d the tier Pac.-hle tram tint. to ante un ouhtandine Prin;iPal under the \t+h unlr.c pa)•mcnt t,f
inlerc.t at cu:h r;ate uuuld tx• i++ntr;tn to aPPticahlc Iau. in sshr.h rscnt wch amta-nh .hall I+ear intcrrst at the highest talc
penniscihlr under aPPlicahlc lase. NuthinL contained in this Paragraaph 7 .hall reywre I rndcr to incur am• rslxnce or take
:utc action hcreundrr.
8. Inspection. I rndcr mac m,tkc t+r can.. to hr m:uic reaconahlr cntric. upon and incprrtitat. of the Prulx rte. Prt+cidrJ
that I rndcr ch:dl pica Rurn+wrr notice grit+r to am each imPcctirn slxcifcutg reactatahlr raucc thrreft+r related h+ 1 endrr's
uttercct in the 1'rt+Pcrts•.
9, ('ondcmnation. Thr Pn•crcd. of ;utc auarJ ur claim ft+r Jamaec+. tilrrta ur ;tm.cyurnli;at. in ctantccliun kith am•
.undcmnatit+n ter uthrr takmg of the 1'rr{krt)~. t+r part thrret+f. ur fur.ancrs•ancc in lira of :undemnatiun. art hcrrhs• acciinrtl
.an.l .hall hr paid to 1 rndcr.
In the .cent of a tt+t:J takinL of the Pn+Pcny. the pn+cccds .half Ix aPl,lirJ to the wmc cc:nretl ha• this \lortgaec.
with the rccr.•:. if am•. paid to Burr.~wrr In the cs•cnt t+f a p::rti;J latrine t+f the Pn,l,rrtc. welt.. Rurruurr anJ 1 rndcr
t+thcn.i.r agree in uritini•. there shall F,c applied d+ Ihr cum. crcnrcd he thi. Murtti•:-~r such t+n+Purtit+n t+f Ihr I,mcccds
ac is ryual to That pct+l•urtiun which the amount of the wm. cc;ureJ he this \It+rtiazc imnu•tli;ttclc Prier to the Jatc of
taking hran to the fair market valor t,f the Pn,pcrt~ immrJiatclc Prior to the Date t+f t;akine. with the h;J;ancc of Ihr Pmeceds
paid to Borruu'cr.
If the Prupt~ty is ah:utdnncd he lit+rnnsrr. or if. after m+ticr he I rndcr to Rt+rr.+svcr that the rnndcmnur t+tfcrc to make
:ut aw:trtl ur .eNh a cL'-im ft+r damage.. Bt+rruwcr fail. to re.laaul n+ 1 rndcr within ill Jac. after the d.ttr .urh notice is
nt.ulyd. Lcndrr i. authori~cd to collct:t and aPP!~• the pn+rrrdc. at I rndcr'. option. cithrr to restoratiun ur repair of the
PmPt•n~ ur !u Ihr cunt. cecureJ ht: this \lortcat:e.
Unlcc. 1 rndcr and Rorn,wrr othrnricc agree in scritin^. anv .u:h aPPli:atiun of Pn+crrds to Prin:iP.al .hall Hat ..tend
t+r PuctPtatr the due diet of the monthh• installmrntc refcrr~J It. in Paragraaph. 1 and '_ hereof nr ch.u-rc the amount of
each in.tallmcntc.
10. Borrower ~M Released. 1=ctrncion of the tints ft+r P;tvmcnt or ntutiifi.atiutt of amortisation t+f the sums :rt:ureJ
by thtc \f++rt_•ace granted by 1 rndcr to ans• wct:cuur in intrre.t t+f Rorruwrr .hall nut ul,cratr t., rchace. in anv manner.
the liahilit) of the oriLinal Burrourr and Bt+rruuer'. cu.ce,.~+r~ in intrre.t I.cnJcr shall m+t hr rtuuired t., cummcncr
I+ru:rcJinLc aLain.t such cuccresur ur rcfucr to cctrn.l tints ft+r Pavnunl ur nthcn.i.r nu+Jifv amnni7atit+n t+f the some
cr:ureJ he thi. MttrtL:tge by reason of :utc demand made h. the ori~•m;tl Borst+urr colt R,trrt,u•rr'c succrcct+n in i,ttrrect.
f f. Forbcrrancc b~• Lender \ut a Waiver. -~u: frrl+t•;ounce h. I rndcr in ccrrci.inL anc right t+r •rntcds• hrrenndcr- or
~nherwicc :dfordrtl he aPPlirahlr Iau'. shall nut- I,c .t waicrr t+t ur Preclude the eccrcisr t+f am etch right t+r rented.
The Pn,curemrnt of incurancc or the pacrnrni ul tact. t+r uthrr lirm ur charge. he I cndrr .hall nM Fx :: ts:+ivrr t+f 1 rnJcr'c
riche to accelrratr the mautrit~~ of the indrht.•dnrc..r_ acct! he thi. ~lurtraet•
12. Remedies ('umolalit•e. .'111 remcdicc pct+s ided m thi. ~turtL:agr art dictincl and cumulalicc t~ anv other right or
rrntcdv unJcr thi. ~1t+rtgagc ur afTurJrJ by Iau nt ryuitc .uttl ma, F+e eccrci~e.l :un:•urrenth~. indcPcndenth t+r .n::r•ciah.
li, Sucrescon •rnd Assikns Bunnd: Joint and Se.eral Liabilil}; ('aptions. -hhe ct•crnants :utJ agreentcnh herein
ctxuainr.l .hall hint..trtl the richh hercunJrr .hall rnnrr It+. the rc~pr:tisr cnccrest+rc :uul accignc of I rnJrr anJ Bt+rruwcr.
suhjrct to the Pn+ci.iun. t+f paragraph 17 hereof. ~\II ~uccn;utl. and aerecmcnh t+f &,rn,wrr shall 1-c jr+int and scccral.
Thr captiun.:utJ heading. t+f the L;aragrtph. of this ~1t+rtg.tge art ft+r ctmvcnirncr only and art nut to }x used to
interpret ur define the Provisit+m hereof.
1J. \t-lice. Fccept ft+r :ans• notice reynircJ under aPPlic;ahlr la•.. t,~ hr Licrn in an.+ther manner. fat anc Holier to
Buret+wcr pn+eiJcd fur in this Murtgagr ,hall }x Lion he mailing .u,h n.+trcc M certified mail ;tJJrec.rti to Rorr<nscr at
the Prt+I+crt~• ~1JJre.. ur at each ulhrr atWrec. as Brrruurr nras dc.r_•n;rtr 1+,. m•ti.r to I rndcr as Prus•idrd hrrcin. and
the am Holier to I coder ,hall F+c Lion h}' certified maul. return ~rierPt rryuectetl. h. I cndrr'. addre,c stated hrrrin or to
such other aJJrec..a. !.rndcr mac Jcsienatr hs etc+ti_c tt• B•+rnntcr ac pru.~dr,i hrrcrn ,1nc notice pct+vidc.i f~+r in this
~1t+rlLaLc shall I+r drrmrJ to h:ne l+ccn giccn lu Burn+uer t:r 1 rndcr when gisen in the manner Jcsignatcd herein.
I5. I•niform ~lortgaKc: GnverninK Law; Setcrrbilih. 1 hn t.•~m of murte:r_c ,umhinrc uniform cuvcn;uttc fur natitm:d
ucr anJ nun unite+nn cu+rnanr. with limited cariatiun. h. jun.d~~tr,~n tr ..ar.titutc a uniform .ecruits• iminamrm ros•crinL
real Propene Thi, ~lurtg:agr shall I,c guscntcJ h. the Ltu of the juri.,ir:tiun in which the ProPertc i. htcateJ. In the
cs•cnt that :utc Prtn•iciun ur clau.c of thi. ~lortgagr ~+r the \utc c~•nfli.t. Stith aPPlic.thle L•aw..uch cuntlict .hall nut aficct
other Pn+.rcium of thi, ~lurtgagc ur Ihr \ute uhrch i.m hr _•nrn etfe.t ai~hunt the cunilictin,• Pnsi.iun. anJ t~ this
enJ the Pru.icium of the ~turtgagc and Ihr \,rir art .tecLtred t<~ I+r crvrrahle.
16. Borrrtwer'c ('opt. Borrower .haH hr fttrnr.hrJ ;t cunh•rntrJ copy of the \ute :u-J of thi. ~lurlgagc al the timC
of ccccutiun ur after rrcurdation hrreuf.
17. Transfer of the Properf): accumption. If alt t•r :u+~ t~.ut of tFic Pn~Pcrtc t•r an intrrect therein i. ,ulJ ur transferred
by Born+urr uhhuut I.rnJer's prior urittrn cunsrnt. r::lu.linL tar the crcatiun t+1 ;t lien rr rncumhrancc whorJin:+tc to
thts ~lortgagr. rhl the creation t+f a Purch:ne ntunrs .rcurits ntterr,t i.~r huucrt:uld aPPhanccc. tct a tramfrr he Jcvisc.
Je.crnt ur he uPerttiun of law spun the death t•t .+ iunrt ten;utt ur td. the it:n-t of :am IeacchuW interest of three cram or lrsc
nut runt:+ining an option h+ Patchier. 1 cndrr m.ts..rt I enJer•~ uPtrun. decLtn• :dl the cum. crcureJ he this \turtgagc to t-r
nnntedi;dclc Jur and Pa}~ahlr. 1 enJrr shall bier waned ench rPtrun +,• arcelrratr if. Prior to the cult ur trancfcr. I.rndcr
;and the Prrsun tt. wham the Pn,Pcrty i. At I+r cold .+r tranefrrred rrnh .tgrermrnt in online that the cre.lit t+f such post+n
ie caticfacturs to 1 rndcr :rnd that the intrrr.t t+acehlr art the came eecnreJ he this ~furt~aee sh;dl he at such talc ac Lender
.hall rcyurct. If 1 cndrr has w~aivrd the opts,+n to nccclrrete Provided in thie P:ua_raph 17, anJ if Burn-wrr'e utccrssc,r in
rntcreet has r~ecutrd a urittcn acsumpriun agrerntcnt accepted in uritu-L by 1 rndcr. I.cnder .hall release Rorn,wrr from all
uh!iL:diune under this lturtiagr and the Nutr.
If 1 ender rcrrciere such option 1++ accclcratr. I rndcr eh.tll mail Bnrrusscr notirc of arcrleratiun in acrnrdancr with
Parrgrrph la hereof. Such Holier .hall Prueidr .- Perini t.f nut Its. than ~fl days from the date the notice is mailed within
which Burruucr mac Pas the sums Jcclared due It B.~nu•.ter sail. to pas such same prior to the r~Pirarun of .wch Prritxl.
Lrndrr mac. uithtnrt further notirc ur demand un Kurruurr. rncukr :rm rrmrdirs Prrmittr.l by Paragraph 1!i hereof.
~n\-(•IVItIrH\t rt1~'F\4tiT5. Bl+rroNCr and I.rnder further cuvcnant and a¢rcc as follows:
18. Acceleration: Remedies. Except ac prt-sided in paragraph 17 hereof, upon Borrower's breach of any cosenant or
agreement of Borrower in this ~[orlQage, including the rnsenantti to pas when due an} sums secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach: 12) the action
required to cure such breach: (31 a date, not less than 30 dies from the dale the notice is mailed to Borrower. by which such
breach must be cured: and (4) that failure to cure such breach on nr before the,date specified in the notice may result in
acceleration of the sums secured b} this Mortgage, foreclosure by judicial proceeding and sale of the Property. 77te 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 ant- other defense of Borrower to acceleration and foreclosure. If the breach is not cured on
or before the date specified in the notice, f-ender at Lender's option ma} declare all of the sums secured by this Mortgage to be
immediately due and payable without further demand and may foreclose Ihic Mortgage by judicial proceeding. [xnder 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 e~•idence. abstracts and title reports.
19. Borrower's Right to Reinstate. Notu•ithctandine I.enJer'c acceleration of the sum. secure) by this Mortgage.
Borrower shall have the right to have :-n} Prtnccdinge begun h~ Lrndcr to enforce this Mortgage disconLnueJ at any time
BOOK 344 PAGE ~h~
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