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I-rmirr'~ ~~nt~cn agrermrnt or appl~r:ihlc I:n~. fiurru~~rr ~hall pa~ thr :imaunt uf all m~~rt~a~;r imu~.~n~c prcmiun~s in thc
manncr pr~,vidrJ undcr paragraph 2 iiercof.
:~m• am~~unt~ ~Ii.hur.cJ h~~ I rn~icr pu~,uunt ~u ~his para~r.~ph 7. ~~nh inl~r~~l thcrcun. shall t+c~~~mc addili~~tr,~l
in~lrh!~dnr,~ ~+f Il~~rr~~~~~r ccrur~d h~~ thi. Murtea~~. l'nlc.. R~•rr~~~~rr :m.l 1 cn~t~r :-grc~ t~, oth~r Icmu of pa~•mrnt. ~urh
am~,unh .hall F-~ ~.a~aMc np~~n nuii~r f~nm 1 rod~r a• H~~rn,~.rr rryur.tini ~~.~~mrnt thrr~r(, an~l ~h:~ll 1-~:~r int~rcct fmm thc
~i:~~c ~,f ~ti.hu~~cmrm :u ~hc r:Ur ~a~:~hl~ fn•m timc t~ ~imc ~,n autct:~ndine prinripal undcr Ih~, \otc unlc« paymcnt of
intcrect :U cuch r:itr a~~uld he contrar~• 1~~ :~~~i~~at~i~ la~v. in ~~hi~h e~•rm ~uch am~~ums .hall hear interect at the highett rate
{krmissihk und~r appli~aMc la~~~. Na~hing romained in thi~ para~raph 7.hall rcquirc 1 ender to incu~ am• e~pence or take
.~m~ action hrrcundcr.
R. lncpection. Lendcr mav tnakr i~r rautie to he m:~dr reaconahtc cnlrie~ u~x~~i and in~pcrti~~n. oi the Pr~~rGrt~•. pn•~~ided
iha! 1 rndcr ~hall ~:iv~ B~~~r~,wrr ni~tirc ~[i~-r to am• ~urh i~c~xc~i~~n ~{.~cif~•ing rc.~sonablc rauce thcrrf~,r rclated t~• I.ender's
~n~crc~~ in thr Pro~xrtr.
9. Condemnati~n. Thr ~r~•~ccdc ~,f am• award ~r rlaim f~~r Jamae~c. dircct or c~~n.eq}~~ntial, in ~unnccti~n ~~•ith am~
.ondcmna~i~~n rr uthcr t:~kine of thc Pra~x;rty, u~ part thcr~of. ~~r f~,r r.~nvr~~anrc in licu ~•f cond'efinaticx~. nro hrrch~~ a«icnccf
an.l .h:dl F+e paid t~• I.ender. - .
In thc c~•cnt of a t~,tal takinc of thc Pro~xr~y. thc pn,.ceJc ~hall tx :~~~r~,~ ~~, thc ~um~ «~urcd by thi. '~1~,rtgaGC.
with thc c~~ecs, if am•. p;~id t~~ Barr~+~~•cr. ln thc cvcm c~f a parti~l takine uf thc Propcrt~•. nnlc•~ B~rm~~cr and i.cndcr
WhcrH~i.r agr~ti in ~critin~. thcrc ~hall hc applicd to thc ~um~ kcurr~i h~~ thi~ I11~rl~acc .uch rr~,p~,rtion ~,f thc ~rc~cecds
:~s i: cyu.il tc. that pro~x~rti~~n ~~hich thc amount of thc sum. ,r:i~red h~ ~hiti ~1i~rte:izc immrJi:~trh~ rri~~r ti~ thc datc of
taking tx:ars to the fair mark~t valuc of the Pru~xrty imm~di:dclt• prior to thc d:de of takin~. Hith the hal:mre ~~f thc prckcedc
paid tc. Borrow•Cr.
Tf Ihe Pmpert)• is ahand~ne~i M• B~~rrmver. ~~r if. after m~tice M• 1 rndcr t~. B~-rr~nver that the cc-ndemn~~r ~(Ters to make
:~n :~w~ard ~•r ~etllc a claim for Jamagc~. B~,rrc•wc~ fail. ~~. rr,~~nd t~~ I cndcr Nithin ~O da~~ atlcr thr d:~tr .n,h n~~tic~ ic
mailcd_ I_rndcr ic authorizcd to collcrt and :~~~h~ Ih~ pr<KCCdt. at I.cndcr'. o~~tion. cilhcr to rcatoration rr repair of thc
Pro~rt~~ or M thc sumti .crurcJ h~~ this Morlcacc.
l.'nhs~ 1_endcr and Born.~c~r othcn~•i~c agrcc in ~cri~in,•. am~ w~h a~~r~ati~~n c.f prcxccd~ t~~ rrinrip:il ~h~ll n~t c~~cnd
or ~x~s1(x~ne the duc da~r ~•f the monthh• installments referrcd to in paraeraph. 1:md ? hemof i.r changc the am~•unt af
.uch installments.
10. BorroMer Vof Releaced. E~tencion of the timc f~•r p~cmcm or m~•difiratiun of amc-rti~ation i~f the wm~ cerured
b~• th-ti M~-nragc gnntcd h~- I.c~drr t~• ant~ cucceca.r in imrrr,~ ~~f RorroHCr .hall nc.l c-{,~ratc m rclcacc. in am~ manncr.
the liahilit~• of thc oriein:il Bo~m~.er :~nd B~~rmw~r'. ~u~r~..~~rc in interect. 1 cnder ~hall nc-~ he reyuired t~+ r~mmenee
pnkecdin~. againti~ tiuch eurc~e~cR''~3t"~fu~'e 'ti- c~tf~~i fiair~r~'f~-F~~~~mcm i.r Mher~i.e m~xiify amorti~a!i~n ~:f the sums
ticrurcd f-~: Ihic 111~-rl~agr h~•~aEo~i~ nf an~~ demand M~dc h~• thc ~•~ieinal Rorra~~~rr ;mJ B~~rroH•cr s surcc,.~•r~ in intcrcct.
I 1. Forbearancc b~• i.eAdcr'''.Ybta'Waiver. :~n~~ I'~t`fir1r;~~1rc~'Al~l rndrr in c~crci~ine am' ri~ht ~~r rcmrd~• hrrcimder. or
~uhrrw•isr afTurded h~• applicahtc la~~~. .hall nm tx a wai~•cr ~~f c•r preclude thc c~ercisc ~~f am• ~urh rieht or rcmcd~•.
Thr prckurcmcnt of insuran:c or thc papmcnt of ta~c. or othcr licm .~r chargc~ h~• I_cndcr ~hal) not hc a~~aivrr ~~f l.cndcr s
richt t~~ ac;clcratc thr maturit~• of thr indcMrdnc.s .c_urrd M• thi. \1~~rtgacr.
12. Remrdies Cumulati~•c. All rcmciiics nr~~~id~d in tl~i. !11c~rt~ace ~rc di~tinrt and cumulati~•c t~ :u:~• nthcr rieht ~r
rcmc~lt~ undcr ~hi, ~1~.rt~,agc ix afT~•rd«! hc la~~ ~~r cyuit~. :mJ ma~ F,t ~~~rciud «.nciirrcntl~•. inJcix:ndcntl~• ~,r tiucc~•.irrl~.
13. Succeswn and A~ti~ns Boond: Joint and Se~err) I.iabilih~; ('aptionc. Thr coccnantc :u~d aercrment. hcrcin
runtainc~i ~hall hinJ. and thr rieh~ti hcrcundcr ,hall inure to. thc rr~pceti~~e tiucrc~x~r~ and atsign~ ~~f I.cncicr :~nd Rorro~ccr.
.ubjcct to ~h~ pn•~•i.i:m. c~f par:~gr.~ph 17 hcrc~~f. All c~-ccnant. an~l aerecmcM. c•f R~~rru~~cr shall (x: j~~int :~nd cc~~cral.
Thc ra~+tiun. :inJ hca~linL. c.f thc paraeraph~ of .thiti ~11~~rtL:igr arr f~~r cc-m~enicncc ~~nl~• :~nJ arr n~.t t~~ F~: ti~cd to
intcrprct or dcfinc thc pm~~icionc hcrcof.
14. \olice. E~rc~t f~~r am• notire rcq«ired undrr aprlirahle ia~~ t~~ be eiv~n in arn~ther manner. f~l am• notice to
Burn.u~cr pr~-vidcd fc.r in thit :1lorteacc shall Fx gi~~~n h~• mailing ,urh n~•ticc h~ ccrtificd m:iil addre~~rJ t~~ Borrc~~ccr at
thc PmExrtr A~idrc.. ~~r at ~uch uthcr addrc~. aa Born•~~cr m:n~ dc.i~n:~tr h~ rn~ticc a~ I cndcr :~s pr~~~~idrd hcrcin. and
(h) am noti~r to I.c~dcr .hall tx gi~•cn b~• rcrtificai maiL rrturn rcrri~~t rcyur.t~~l. ti~ 1 cn.tcr ~ adJsc~; statcd hcrcin or to
~uch ~.thcr addrecc a~ Lrndcr ma~~ dccignatc bt n~~tirc 1~~ Brrn~~~~r a. rr.~~ideJ h~rcin. ~~nc n~~tii•~ pr~•~•idr.l fi~r in thic
~tortgagc shall he deemrd ta have Fken ii~~cn t~ B~rr~~~~~r ~~r 1 rndrr ~~h~n gi~rn in thc m;-imer de~ienated hrrcin.
15. l`nifornt ~1ort~;•rkc: Go~ernin~e I.aw; Se~erabilih. Thi. trrm ~•t mi,rt~+ac~ ~i~mhincs nniform c~~~~cnant~ f~~r n:itional
uu and n~~n-unifurm r~•~cnant. ~~ith limitc.i ~~ariatium h~~ juri.Ji~ti~m t~, ~~~mtdu~c a unif~rm ~crurit~• inttnim~nt rnvcring
real propert~•. Th~c :1lortg:~ge ~hail h~ g..verned h~• thr 1~.+ c~f Ihe iuri~Jicti~~n in whirh the Propert~• ic I~.rated. In the
erent th:~t am• ~+n~visi~~n ~u rlauk of thi~ ~1~rlL:~ec ~~r th~ \~~t~ crntli~~. ~~i1h :~pplirahlc IJN'_ Si1lF1 conflict ~h:dl n~~t atiect
~~thcr pri~~itiium t~f Ihi~ :11nr1e.tgC ~u thc \~~ti t~hi.h ~:ut h~ _•i~~n ~1T~.I ~~ith~~ut IhC c~~nll~rtim! pm.~i~i~-n. and to this
end thc pr~~vi~i~~m c~( Ih~ \lorlgagc an~l [h~ \uIe :~ri .ti~l:~rcd 1~~ F~ ~~•~•cr.thlC.
16. Borrower's Cop~. Borru~+rr .hall hr furni.hr~1 a~rnfu~mrJ c~~~~~ ~~( th~ \~.tr .md ~f thi~ ~lorteagc at Ihc time
u( c~~cution ~~r altcr rcrord:~tiun hcre~~f.
17. Transfer of fhe Pr~ipert}: :~«umption. It all .~r a~i~ ~.~rt ~~f ~he Pr~~~xrt~• ~~r an intcrc~t lh~rein ic .~~id ~~r tran~ferred
hr Bo~r~~Wrr with~~i~t L~ndrr'ti prior wriitrn rum~nt. r~~luding ~:~~ thc rr~atii~n ~+f a licn i~r cncumhrancc tiuhor.linatc to
thi, Vi~~rtcai~. Ihl thc rrcatic.n rf :i ~urcha.r num~c .e~urit~ ~ntcrcst f~v ht~i~uhrlJ :~rplianrr~. Icl ,i trancfcr M•-devisc.
de.cent ~~r h}~ ~~~r.~tion ~~f la~~ up~,n thc ~ir;,th ~•t :~ j~~nu tri~:int ~~r (~1~ thr irant ~~f :mc Ic.ischold imcrest c~f Ihr~c ~•~ar~ or lccs
not containing an opti~~n t~• purrhasr. 1 cnilrr m:~~~. .~t 1 ciiJer'. r~,uun. dcclarc :ill ~hc ~um. k:~urcd M• this \1c•rtgagc t~ bc
,mmr~liatcl~~ due and pa~•:~Mr. 1 rnder .hall h;~~~ n;~~<<d ~nrh ~~ption t~• ~ccrler.~te if. priar to thc .ale ~~r transfer. I.ender
anJ thc ~xr~on t~ wh~,m thr Pr~.~xrt~- i~ t~~ F~ .~~l~1 ~~r tran~fcrr~J rca:h .iLrccmcnt in writing th:it thc crcdit ~f cuch pcrson
i~ sati~iarton~ t~~ Lcn~l~r and th:it th~ intcrc.t rac:~hlc ~~n thc ~~~m~ cr~urcd M• thi. ~tortg:+ec chall hc at surh ratc a~ Lender
~hall rcyuctit. If 1 cndcr ha~ w•ai~•cd ~hc o~tirn t~~ arcrlrr:~tc pm~~idrd in thi~ para!,ra~h 17, and if Bc-rrow•cr'~ successor in
intcrest ha. c~ccutcd a~~•rittrn ascum~tion aLrccmrrst acrr~~trd in ~rritine h~• Lcn~icr. Lcnder shall rclcasc Bormw-cr from all
oblication~ umlcr Ihi~ ht~~rt~agc and thc ?~otc_
If (.ender i~erci~~~ such ~~pti~n ti~ arcclcr.iie. I emler .h.ill mail Bi•rn~~~er nutire c-f accelerati~~n in acc~rdance H~ith
paragraph 14 here~f. Such nutice ~half provide a~xri~~J uf n~a Ies. than ?0 da~~ti fmm the date the notice ic mailed within
Nhich B~rr~n~er ma~ pa~• the wmt decl:~r«I ~1u~. If Burru~~rr t.~il~ te~ pac wch wmc pric~r t~ the rxpiratic~n ~~f SUCh period.
Lcndcr ma~•, w~ithaut furthcr n~ticr c.r ~icmand ~~s~ It~~rr~~.~rr. im•~~kc anc rrmcdict pcrmiticd M~ paracraph IR hcreof.
No~-U;~~FOK~t CovEV~!vTS. Borrower and LenJer further c~venant and agrce as follows:
18. Accelerafion; Remedies. Except as procided in para~;raph 17 hereof. upon Borrower's breach of s~ny co~enant or
agreement of Borro~+er in ihis ~tort~a~e, includinR Ihe cos•enants to pa}• when due an~• surns secured by this Mortg~ge. Lender
prior to acceleration shall mail notice to Bonower as pro~•ided in para~;raph 14 hereof specifying: (1) the breach; (2) the adion
required fo cure such bre~ch; (3) a date. not less than 30 da~•s from the date the notice is mailed to Borrower, by w6ich such
breach must be cured; and (4) that failure to cure such bre~ch on or before the date specified in the notke may resWt in
acceleration of the sums secured b~~ this ~tortgaRe. foreclosure by judicial proceedin~ and sale of the Property. 77~e notice
shall further inform Borrower of the riRht to reinstate atter accelerotiun a~d the right to assert in the foreclosure proceedi~
the non-existence of a defauit or any other defence of Bonow-er to acceleralion and foreclosure. If the breach is oot cured on
or before the dafe speciBed in the notice. I.eader at Lender's optfon may declare all of the sumc secured by fhis Mortgage to be
immediately due and payable without further demand and m~y foreclose this NortR~e by judicial proceediag. Lender shall
be entitied to collect in such proceedin~ all expenses of foreciosure. including. but not limited to, reasonaMe adorney's fees.
~nd costs of documentary evidence. abstracts and titie reports.
l9. Borrower's Right fo Reinstate. Notv-~ithctanding LenJer c acceleration of the sums ceeureJ by this Mortgage.
Borrower shall have the right to have an~~ proceedingti Ix ¢un hy I.ender to enforce this Atartgage discontinued at any time
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~o x345 ~a~Ei551
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