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Lrn~i~r'c ~~~it~cn agre~mr~t or ;~ppiiiablc IaN•. Borro~~r shall pa~ ~hr am~~unt uf al) mortgagr imur.~nc~ prrmiums in thc
m:mnrr pr~~vid~~l und~r paragraph 2 hcrcof.
:\m• amuuntc di,hurscJ by I.cn~lcr ~unuant ~o this paragr,iph 7. w•ith inlccr~t thcrc~,n. ~hall F+cramc additional
imkht~Jn~ti~ ~~f 13~.rr.~~~~r kcund hy ihi~ ~1~~r~gagr. t'nlo~. Rorm~~rr anJ 1 cn.l~r aercc to o~hcr tcrmc ~~f pa~•mcnt, curh
amuunh.hall Ix pa~•ahlc up.~n noticr fram !~ndrr t~~ B~~rr"~~~~ rcyur~~ine p:iymrnt thrrc~~f. and ~h:~ll Ixar intrrec~ imm thc
~latr of di~hiir~rmcm at ~hc r,~t~ p:~~•aMe fr~~m ~imc t~ timc ~-n ~~utttandine prinripal under thc Note uolc.c payment of
intercct al surh r.itr «•~~ul~l tu ca~trart• ~~~ appli~:ahle I:~~v, in ~~hich e~•ent a~ch am~uMs ~h~ll hear imeretit at the highe~t rate
perntissihlr undrr ap~fic;~blc 1aA•. T`olhing containcd in ~hic paragraph 7 ehall rcquirc Lrndcr to incur am• c~pense or take
:~ny action hcrcundcr.
S. Inspecflon. Lender mav makr or cause to he made reaconable entriec u{x~n and in~{x;cti.~nc af the Pmpert~~. pm~~idecl
ihat Lender chall gi~•c Aurrower n~~ticc prior to am• ~urh ins~xction SpeLif~•ing rcasonable cau~c therrfo~ rclateJ t~~ 1_ender's
intcrcct in thr Pra~xrly.
9. Condemnalion. The pnxecdc c.f am~ a~~ard or claim !or damages, direct or a,n.cquential. in connection with am•
~o~demnation or ~~ther takin~t of the Pr~~perty. ~~r part thereof. or for ci-m~eyance i~ lieu ~~f c~ndemnation, are herchr ac~igned
an~i .hall t+~ paid t~ 1.cndcr.
in Ihc e~'ent of a total takinL of thc Pro~:rly. lhc pr~ccdc efiall hc applic~l tn thc ~uma cc~urcd by Ihi~ !1lorlgaRc.
with thc c~cccs. if am•, paid to Born~w~cr. In thc c~~cM of a partial taki~e of thc Propert)~. +~nlcc~ Rorma~r ind i.c~~dcr
~-thcrwiK agrcc in ~vritin~. thrre shall hc applicd to thc +ums cccurc.t b~• thic 111ort~tagc ~uch pro~x~rtion ~t thc p~ocecds
as is eyual to thnt pro~x~rtion Nhi~h Ihc amoum of the sum~ ~~curecl br thi~ ~tortgagc immcdiateh~ rrinr t~• th~ d~fe of
laking hear< to the fair market ~~aluc of the Propcrt~~ immediatef~• pri~r to ihe .f;~te ~f ~aking, w ilh Ihe haL•~nrc of the prcxceds
paid ~~~ Bormwcr.
If thc Propcrly ic ahandonc~ M~• BnrmH•cr. nr if_ aftcr noticc h~• I cndrr t~ R~~rm~vcr that thc rnndcmnor o(Tcrc to make
an av-•ard c.r sMllc a claim fc-r d;~m:~F~~. B~~r~~w~cr fail, ti~ r~.{~.nd ti~ I cndcr ~~ilhin i(1 da)'. af~cr Ihc datc ~uch noticc is
mailed. Lrnder ic au~horized to collect and apply the prexccds. at Lender'c c~ption. cither to reatoration ~r rcpair of ihe
ProExr~y or tc~ thc cum. tccured h}• this ~iortg:~cc.
L~nlrs~ I.Cndcr and Borrow•cr Mhcnricc agrcc in ~~ ritinr. am• auch appli~:iti~~n ~f proccedc to prinripal chall nnt c~tcnd
or pe.uponc thc duc datc of thc monihh• inslatlmrnts rc(crr~d to in parae~aph~ ! and 2 hcrcof nr ch;m~c thc amount of
cuch indallments.
10. Borrow•er ?~Tot Releaud. Fxlension of Ihe time for pa~•ment or mc~dificati~n of amortiiation of the ~umc cecurcd
by thi~ Mortgage granted b~• I.enJer t~• an~• cuccecwr in imrre.~ ~~f Rorrow•er ~hall no~ o~x;rate to rclease, in any m~nner.
thc liahilit~• ~~f thc orieinal Rorrrnvcr and Borrow•cr. s~i~cr;.~•r. in int~rest. 1_cnder ~hal) not h~: rcyuired tr cnmmencc
pruccc.lin~. acainct such succccs~~r ~~r refuec to c~tcn~ timc f~r pa~~mrnt or othcrv~i~ modif~ am~-rti~atic~n ~•f Ifir sums
se~ured b~• thic ;1lorteage h~• rca~an ~~f am- demand mad~ b~~ thr ~~rikinal Borroa~Cr and Bor~ow~ers ~ucce~.ar~ in interect.
11. Fo~t-earance b~• i.ender \M a N'ai~•er. Am• f~rhi:aranee M- Lender in e~erciaink am• rigM i~r remed~• hrreunder. or
~.therw•ise afTurded h~• applicahle law. shall nc.t Ix: a~aiver c,i ur preclud~ the r~ercise of an~~ +uch richt ~~r remed~~.
Thr procurcmcnt of insurancc or thc pa~~ment of t:~~c. or uthcr licns ur ~hargcs h~- I.cndcr ~hall nM t+c a Hai~•er ~•f I.cndcrs
rieh~ t~• accrlcratc thc ma~urit~• of thr indcMcdnc~s .~:urcd h~• thi~ ~lortiaee.
12. Remedies Cumulalive. Ail remediec prrn ided in thi. Mortgage arc distinct and rumulati~•e to am~ nthcr riFht ~r
rcmc~ly ~mdcr thi. Mortgagr ~~r atT~~rdcd hy law• .~r eyuii~~_ and ma~~ hc c~crci~~d rnncurrcntl~•. indc~xndcntl~• ~•r .i~~~r~~i~•ci~'.
13. Successorc and Atsi~ns Bo~~nd: Joint and Se~era) (.iabilih; Captionc. The rnvenants and aer~~ment~ h.:rcin
contain~J ~hall hinJ. .md the riehtti hcrrunder shall inurr to. th~ rc~~xcti~~e succettinrs and aaignc of 1_endcr :ind BorroWer_
,ubject to thr prc•~•i,io~n of paragraph~ 17 hereoF_ All c~-~•cnant+ an~ aereementc of BorcawCr shall he j~~im and te~~eral.
Thc captiun. :mJ hcadingc o[ thc paracr~phti c.f thia ~lortgagr arc f~•r a,nvcnicncc ~nh~ anJ ere not tc~ ?x usecl to
intcrprrt ~x definc the prm•i~ionc hcrc~f.
14. ~otice. Fxcepl f~r ant• notice reyuired under applic:ihk la~. t~~ t~e ei~~en in anather manner. (a) :in)' notice to
Burr~~w•er pr~n~+ded (or in thi~ :11ortKage sha11 he ei~~en h~~ mailini .urh noticc Mc rer~ified m:+i) ;~ddre~ced ta Borroaer at
the Propcrt~• Addre,~. ~•r :~t wch nthc~ addre~ti as B.~rm~cr ma~• de~ign:it~ M• n~~tirc t~. I cnder as pmvided hcrein. and
1hl an~ notirr ta Lcndcr .hall F+c gi~•en b~~ ccrtificd mail. rcturn riccirt rcy~ie.tcd. t~• I cndcr'~ ad~lrc~s statcd hcrcin or to
~uch ~~thcr addr«~ ati l.rnder ma~' desi¢nate br n~ticc t~- B~~rn~HCr as pm~idc.l hercin. Any n~~tirc pro~~idr.l for in this
~i«rtgage shall hc deemed t~• have Ixen given to Bc-rmNrr ~~r 1 enJer ~•hcn gir~n in thc manner de~ignated herein.
15. L'niform 11orl~;a~e; Go~•ernin~ i.aw; Severabititc. 'Thi. f.~rm ut me~rtgaEC rc•mhine~ uniform c~~~cn.~m. fnr national
ucr and n~~n-unif~~rm co~cnant. H•ith limitcd ~•ariali~-nc h~• juri~.h:ti~~n tr <«i~rtit~rtc a uniforni x~uril~~ indrum~nt rn~'ering
rcal pr~~Fxr~~~. Thi~ 11~~rtgagc shall bc eu~~crncd h~~ thc law i~f thc iuri~.lirli~m in w•hich thc Pro(-crt)' i~ (~katcd. In lhe
c~•cnt that a~~' pravision or clauu of tfii~ \lorigacc ~•r ~hc \„tr c~~nilir~~ ~~ith ap~lir.iMc la~~. sunc ~~nflicl ~hall not af~ect
~~thrr pr~+~i~i~~n. uf Ihic Morteacc ~~r thr \i~.t~ Hhi~h ~an ik gi~~n cllrct ~+ith~~ut thc ~onAirling pmvi~ii~n. and to this
cnd thc pru~i.iunc of ~hc ~1~~rteagc and thr \ut~ arc ~i~clar~d t~~ hc uveraMc.
16. Bormwer s tbp~. Borri~wcr ,h:ill h~ furni.hr.l a i.~nf~~rmrd cc.p~• uf ~hc Not~ :md c~f thic !4lortgagc at the time
uf c~rrution ~.r after rrc~•rdation hcrcof.
17. Transfer of Ihe Pro~-erf~: Actiomption. If aU ~~r anc p:-rt uf thc Pr~~Fxrt}• or an +nlcrest thcrein ic ~i.ld or transferrcd
b~• Bormwrr ~ith~~u[ I_cndcr't prii~r NfllfCll r~~nunt, r~~luJing /a~ thc crraliun ot a licn ~~r cncumbrancc ~uhorJinate to
thiti ~lorigagc. Ih1 thc creation ~~( a purrh:i.c muncc .r~urit~ inlcr~sl f~.r N~ucchuld applianrc~. (c1 :i tran~fcr M~ devisc.
Je+cent ~~r h~~ ~-peration uf la~~ upon thc .Ira-h rl .~ i~nnt trnans ~•r (d~ thr grant ~~f am~ I~asehold inicrest of Ihrec ~•ears or lecs
n~~t conlainine :~n <~ptiun t~• purchasr, I cndcr m,~~•. .i~ I rndcr', ~.pu~~n, dcclarc aU thc ~umt cccurcd h~~ this ~lortgage to bc
immr~iatelc doe and pa~~aMe. I rnder thall ha~e ~+ai~ed ~urh ~•pti~.n tr acrelerate if. ~rior t~ the .ale or transfer. I.ender
and tfie per~~~n t~ afiom ihe ProYxn~• i, t~. Tx .ul~l ~~r tr:~n~f~rrrd rrarh .r,reement in w~ritin~ that the credit of such person
i~ satisfarton- t~~ i.endrr and th:ii th~ enterr.l pa)~ahle ~•n the ~um. kcured h~~ thi~ \lortga¢e ~half be at such rate as l.ender
sh:~ll reyocst. If I.enJcr ha~ w•aivcJ thc c~pti~n to accclcr.~tc pro~•iJrd in this paracraph l7. and if Bocrovrcr's succcssor in
interest hat execuled a w~ritten as~ump~ion agrcemcnt accepl~d in Kriting h}~ Lcnde~. I.cnder shall releace Borrow~er from al)
.~bligat+om under tfiic M~rtgagc and thc Nc~tc.
If I ender e~ercise~ such option t~~ ac~clcr;~tr_ I~ndcr ~h:~N m~il Riuro~er noti~e of acceleration in accordance N'ith
paragraph 14 hemof. Such notice ~h:~ll provide a Exri~~J i~f ni~t Ics~ than ~(1 Ja~~ti from the date the notice is mailed within
~hich Borrou•cr ma}• pa~• thc sumc dcrl.ireJ dur. (I Bnrro~+rr f.iils ~~~ pac wrh wmc prior to thc cxpiration ~f cuch period.
l.cndcr m~~..~~ith~ut furthrr notirc ~~r ~icmand im ii~.rr<~wcr. invc.kr am~ rrmedics permittcd b~• paragraph 1R hcrcof.
No:v-Ux~FOS~t CovtN~n~-rs. Borrower and Lender further co~~enant and agree as follows:
18. Acceleration; Remedies. Except as pro~•ided ln para~raph 17 hereof. upon Borrower's breach of any corenant or
agreement of Borrower in thi~ MorlRaRe. includinR the co~•en9nts to p~}• when due ~ny soms secured by fh[s Mortgage, Lender
prior Io acceleration shall mail notice to Borrower ac pro~•ided in para~reph 14 hercof spccifyi~: (1) the breach: (2) the action
required to cun snch breach; (3) a date. not less than 30 da~~s from the date the notice is mailed to Borrower, by which snch
breach must be cnrrd; and (4) that failurc to cure such bre9ch on or before Ihe date specH'ied in the notice may resdt in
accekration of t6e stnns secured by tfiis MorlgaRe, foreclosure by judicial proceeding and sale of the Property. 'il~e ndice
shall furiher inform Borrower of the right to rei~state after acceler~tion and the right to s~sert in the forec{osure pro+eeedit~
the non-existenct of a defauM or any other defense uf Borrower to accelerafion ~nd foreclosurr. If the brench is aot cored on
or before the date specified in tbe notjce. I.ender at I.ender's option may declare a0 of the snms secured by this Mortgsge to be
immediately due and paya6tc vrithout further demand and may foreclose this Mori~sq;e by judjcisl proceeding. Lender shall
be tatNkd to colkct in such proceedinR all expenses of foreclosure. including. but not Iimittd fo, seicon~6k sttorney's tees,
and costs of docomentary evidence, abstracts and Iitk reports.
19. Borrowe~a Right to Reinstate. Notwithctanding l_enJer's acceleration of the sums secureJ by this Mortgage.
Borrower shall have the right to have any procecdings hcgun by I.cnder to cnforce this Mortgage discontinued at any time
go~x 34~ Pacf ~~i