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1 rnJcr's t\rglrn agrrrntrnt or apphi;lhlr lat\ Burmwrr ,hall pad the .un+nntt ,+f :111 net+rlga,L•r iri,ur.iti~ prrmi-uns in the
nt.utnrr pruyuktt under parl-;raph _' hruol
:\n\ arnt+unts tlishursrd h\' 1 rmkr I+ul,uant t++ this ~:u.lcl;Iph '. ttuh uu.rrst thereon ,hall ha•ionu• :uldih+alal
in.lrhh•dnr„ .+f Burrower sriurcd by tltts \tarlL;lgr 1 uir,s Blar++ttrr •utJ I rn,l~r •t>:rrr t.+ uthrl term, of p;l\•mrnt. wch
:unuunh s!rdl F+a• L,lyahlr up.m noliir Iront I ender t++ Born+ttrr rryur,tinL I+•lyntrnt thereof. antl ,hall Ik•.u inh•rr,t fn+m the
tl.ltr of di,hnrsrmrnt ;It Ihr rah• p.l\ahlr Iran time tl- tlmr +at otnst;uulinc plinripal under Ihr \1qr unless pa~•ment of
intru,I aI wih r•Itr \\ladal I+r iontrtr\• n+ applicable late. in which went such amlalnh shall I+rar interest at the highest rate
I-rrnucsihlr under appliiahlr L•la. \othing containcal in this paracrlph 7 ,hall uyuirr I ender to incur an>• ryprnsC ~r take
.utv anion hereunder.
R. Inspection. (ender ma\• mal.r or iause tt+ its made rra.onahlr rMrirs upon and iml-rrtiuns t+f the Pn+prrt)•. pn+yided
that 1 ender sh:dl give Barro\yrr nl-tiir prior to ;Inv wih insl+rction specifying uaamahlr iausr tl:rut++r rrl:ltrd to 1 cndrr's
Interest in the Prt+prrt>'.
9• Condemnation. Thr pn+a•reds of .Inv at\ard rr claim for damage.. Jiuta t+r :~+n,ryurntial. in ilnutrNiun with am•
iundrmn;ltion or other ta{,inc of ihr Property. I+r part thrret+f. or for cl+m•ryancr in lice of iondrnr-ation. an• hereby assigned
antl ,h.lll hr paid to 1 ender.
In the ryrnt of a t++tal ta{,ing t+f the Pmprrty. the prt+ireds ,hall Ix applir.l tt+ ihr sums .rinsed by this \lortg;lgr.
ttith the rycess, if am•. paid to Ron++wrr. In the event of ;I partial t.l{.ing a+f the Property. unless Itorrt+wrr ;Ind 1 ender
tahrnti,r agar in writim~. thru shall I+r applied to the wms srcuud h\' this !ill+niag~ ,uih Itmpl+rtil+n I+f the proceeds
aS is ryual tt. that pr++pt+rtilat \thiih the :Imuunt t>•f the sent, ,riured h\' this \tl+rtLa:!r immrdi:url\ prig+r t.+ the date of
taking Ixals tt+ the fair market valor: of the Praprrty immrahatrh pri++r u+ the .late t+I taking. \\ith the h;dantx t.f the pn.crrds
paid to Bornt\t'cr.
If the Pmperty is ahandortrtl M' Rarnswrr, or if. after n++ticc h\• 1 ender n+ Borr++wer that Ihr condemns+r 1+(Icrc to make
an a\canl t+r settle a claim ft+r d:unagrs. R++rmwrr fail, t.+ rr,pl+nd to 1 ender \\ithin ill da\s alter the aLltr ,uih notice is
mailed. I.rrdrr is :ulthorind to ct-Ilrit antl apple the pmcceds. at I ender', option. either ttt rccMration nr repair t-f the
Pmprrn or to the sum, sriurrd h\ this ~1t-rteage.
i'nlr„ 1 rn:hr :Ind &+rn+\\rr othrnt•i,r agree in writin_•. any stlih applii.Itian of pn-:•reds m priniipal ,hall nl+t r\tcnd
or pt+slpone the due .late of the mt+mhh inaaltmrnts referred to in paragraphs I and '_ heat+f t+r ch:utge the amlalnt of
such installments.
10. Borrower `nt Released. I'ytcnsion of Ihr tints fur pa\ment or nu+difiiation I+( amt+rtiiatitut ++f the wms srcuud
M• this \tortcaer granted by 1 rndcc to an\• wccessor in intrrc,t of Barrrntrr shall nut ol+rratr to ukase. in am• manner.
the liahilily of the ari~anal Burro\\rr :Ind Born-\trr's suicrssurs in intrust. I ender shall nut t+r ualuirrd to commence
proirralings ag;lin,t such wicrssor or ufusr to rslrnd tints fur pacntrnt or othrrwi,r modify amortisation of the sums
sril:red h\_• this Alertgagr by uason of .Iny demand made by the original Rorrt+wrr and Bornnycr's wccrssors in interest.
11. Forbearance b~• Lender \ot a ~~'aiver. ~\m forF+r;arancr h\ I ender in rvcrrisine ;am• right or umrd\• hereunder. or
.+thrr\t•isr atG+rdeal h\• appliiahlr law. shall Itot I+r a wai\rr :•t a+r prc~ludc Ihr csercise of any wch right or umctl\'.
"fhr procuument of insuranir ur the paymrnl rf ra~r, .+r other liens or ihargrs by I ender ,hall na-t F+r a \t;uvrr of I ender'.
riche to accrkrltr the maulrity of the indrhhdur,s sr_urrd h\ Ihi, \lurtgagr.
12. Remedies ('umulalice. ,'111 umrdirc protidrd in thi, \lrrtgacr air di,tinit and cumnl;ltivr tt- any athrr riche or
remedy under this \lortg.tcr rr atlordrd he L•1\\ to ryuitc. and mac f-r e\rrci,r.l ioncuruntly. independently or suirrssivrly.
li. Successors and :~~sigtn Bound: Joint and tietcral Liahilih: ('aplions. "fhr rt+rrnants and azrcrntent, herein
iontalnrti shall hind.:lnd the right, hereunder ,hall inure tu. the uspritivr ulccrsu-n and assicns of 1 ender :Ind. Borra\eer.
,object tt+ the provisions t+f paragraph 17 hereof. All iu\rn.uu, :utai acrrrmrnt, of &-rrowrr shall Its joint :Ind several.
Ihr captit+ns and hradincs rf the paragraphs of this ~lorteace are fur ionvrnirnic anl\• and arc nut to 1+r used a-
uurrpret or define tha: provisions hereof.
1J. \otice. Esccpl for any notice reyuirrd under :applicable L•nt t++ hr ci\•rn in anushrr manner. fat any notice to
Barn+wrr pn+vidrd fur in this Vortgagc shall 1+r given by mailin_• ,uih uoucr M irrtifictl mail ;Iddussrd to Borm\crr at
the Pn+l+rm~ -Wdrrss or at ,uih other addres, as B.+rrut\rr nr.ly dcsi_'n:ur !+\' nutiir to 1 ender as pm\•idrd herein. ;md
Ihr am nurser to l ender shall t+r ciyrn M~ crrtifieal maul. return rest-tt+t rryurst~d. t.+ I rmkr's adJrrsc stated bruin or to
wch other address as I.rndrr ma\ designate h\ nadir to Born+ttrr as r,rucidrtl hrrrm. ~\nv n+tti._r pet+vidrtl fur in this
~lorteagr shall Iti deemed to h;lyr been ciyrn to Borrower ur 1 ~ ndrr tt hen gi\rn in Ihr rnannrr desicnatrd herein.
15. I'niform ~L/rtKaKc: Gos'erning Late: Seterabilih. 1 hi, t++rm o! nu+rt~'a>•r irmhinrs uniform _ovrnants for natit+nai
use :Ind nun-uniform royen;ulrs with IimilrJ `.':Irlahl+rt, h\' IUrl,+lltth+n 1+• i~+!rstlllltl' :1 Illtlfarlll Sl'iUrlt\• ItlStrlllltant covering
real property. This ,lortc:ace sh:dl 1-r go\rntrd by the Lot of the iurist!Iitlun ii: which the Pntprrt\• is h+iatrd. In the
event th;at any praviuun t-r clause of Ihi, ~lortgagr ur the \I:fr iontliits Stith applicable law. ,nib ionflict ,hall not affect
other pr++tlsiuns of ihl, tiarl};:1~'r Ur the ~atC which can bt' ~ttill rt1~.1 al+hrtlt lhr iUll!liilltll pmylsual. and to 11115
end the pn+\isiuns of the ~trrt~agr and the \uti are ,iril.arrd t.+ he ,ryrrahl:.
16. Borntwers ('opt. Borru\trl ,hall hr Iunll,hcd .a ;+m(.vnu•t! ~opc of t}ti \otr .uul of this ~turtcagr at the time
of csrcution or after rciardation hereof.
17. Transfer of the Pntpert~::assumption. If :dl ur :In\ {,.art of the Pn+prrn• ur :ut interest therein is ,old or transferred
by Rorrowrr ttitholrt I.cndrr's prior ttritten iunsrnt. e~iludinc Ial Ihr irration of a lien tv cncumhrutir suhuralinatc to
the, Jlrrtg:+,'c. Ih1 the cuation of a purihasr ntonr\ sciuritt Intcre,t fur housrholJ appliances. Ice a transfer by dct•isc.
descent or by ohrration t+f I:ttt up.+n the .bath +•..+ i~',nt tenant rr I.!I the Grant of :ul\ kasrhold interest of there czars or less
not containing an t.pliers ta+ purrhasr. I ender Wray. .It I cutler', ,~pnun. dril:arc all the wms «iured by thls Mortgage to hC
unntrJiatrly due and payable. 1 ender ,fiall hate t+.+atrd urih option a+ aciclrratr if. prior t.- the ,ale or transfer. I.rnder
and the post+n n+ whom the Pmp:•rty is to hr ,ohl ur transfrrutl rra:h :Icrernu•nt in writing that the credit of such person
r, satisfaitor\ to I ender ;Irtd that the intrrr,t pa\ahk on the alms sriurcd h\' this ~tortgagc shall he at such rate as I.cnder
~h.all reyur,t. If 1 rr-der has waivers the option to aicrkr•ate provided in this paracraph 17. and if Borrower's wecessor in
entrust ha, cvrrutrtl a written assumption acrrcntrnt :uieptrd in writing by 1 ender. I.rndcr shall rckasc Borrower from all
uhligalions under this \lortcage and the ~+ote.
If I ender cvrrrisrs such option to acickrur. I rmkr ,hail mail Borrower nurser of acceleration in acrnrdancc with
paragraph IJ hereof. Such notirc sh:dl provide :a period u( nut !cs, than ifs days from the date the notice is mailed within
+hirh Borrower may pay the sums deilautl due. It Borrower tail. to pas wch- sums prior to the rspiralion of inch period.
I.rndrr may. withcnrt further nt+hcr or demand on Itrrn+wrr. nnolc an\ remedies pcrmhtea M• paragraph IR hereof.
~i0\-(;VIiOR~1 C-OyI-]A\Tti Borrower and I.rndrr further covenant and agree as follows:
18. Acceleration; Remedies. Except as provided in paragraph 17 hereof. upon Borrower's breach of any cosenant or
agreement of Borrower in this ~iotigage. including the covenants to pay when due am sums secured by this Mortgage. Lender
prior to acceleration shall mail notice to Borrower as pros~ided in paragraph 14 hereof specifying: (1) the breach; (2- the action
required to cure such breach: (31 a date, not lets than 30 dais from the date the notice is mailed to Borrower. by which such
breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the sums secured by this Mortgage, foreclosure b~• judicial proceeding 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 defense 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 ma~~ declare all of the sums secured by this Mortgage to be
immediately due and payable without further demand and may foreclose this Mortgage 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 documentary e~~idence. abstracts and title reports.
19. $orrower'a Right to Reimtate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have am• proceedings I+rcun h\ Linder to enforce this Mortgage discontinued at any time
BGf~I(J4~ PbGE O~-~