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1 r--~irr'~ wrhtrn :-gre~m~ii~ or :~pph:ublc I.~H. R~~r~u~~r ~hall ~,:~y ihr am~~unt uf al) murtga;~r in,ur.ui.~ prcmium, in Ih~
mannrr pr~,viJr~l undrr paragn~ph 2 hcreof.
A~~~' atn~~unt+ Ji~hurs~d b}• 1 rmlrr pur.nant 1~. this rar.~~r.~ph ~. t~ilh ~olrrc~l ~hcrc~•n. ~hail 1-~cumt additi~~nal
in~lrht~dnr.~ „f H„rn~H~r ~rcurrd h~~ Ihi~ !11i~r~Eagc t'nl~.. Rarm~~rr anil 1 rn~lrr :~Lrrr t~• ~~Ihcr tcrm~ ~•1 pa~•mcnt. w~h
am~,unt..h:~ll tx ~•a~•aM~ u~,n nt~tiir fr„m 1 ~nd~r t~~ B~•rr~~~~r~ rr.~uc,~in~ p.i~-nrnt thrr~~,L an~l .h.~ll Fx:ir imrrc~t tr~,m ~hc
~latr ~,f di~hurtirmem at ~hc ra~r p:~~~aMc fn,rn timc ~~- timr ~,n ant~~andinc prin~ipal undcr ~hr tiotc unlc.. pa)~ment of
intrn~~ at curh ralr ~~~ul~l he ci-n~ran• a+ appli~~Me L•~~v. in ~~hi~h rrem cuch am~,untc ~h~ll hea~ interl~cl at the highe~t rate
ix:rnuscibl~ und~r :~~~i~~;~t,i~ laa~. T~~~Ihing coMaincd in thi~ p;ua~;raph 7+hall rcyuire 1 cndcr lo incur any crpcn~c or take
any. artion hcrrundcr.
8. Inspeclion. I.cn~icr mav m.~{.r ~•r ~a~~.r t~~ t+~ m.idc rra~i,n~Mc cntric~ u~x~n and im~xrlinn~ c-f thc P~o~~ty. pn.viilcd
th.~t I.cnJcr tihall ~i~c Burr~w•cr noticr priur t~~ am~ ~uch im~x~tiun ~pr~i(~•ing rr:~~on:iblc rausc thcrc(ur rclatcd t~~ 1 cndcr's
int~rr~1 in Ihc Pr~~pcrt~•..
9. Condemnalk~n. The pr~.rred. af an~• a~~;ird or claim for ~lama~rc. Jirec~ ~~r a~ncequemial. in connerli~n with am•
ronJcmnatiun ~~r ~~Ih~r Iakin~ of thc Pro~x~ty. ur part thrre~.f. ~-r f~-rcum•c~~:incr in licu ~-f condcmn:~ti~~n. :~rc hcrch~~ ac.ignrd
an~l ~hall 1.~ p~id to Lendcr.
ln thi e~'en1 of a total t:ikine af 1he Prn~xrt)•, the pmr«ds ~hal) Fx :~~ri~«i ~~. Ihe ~i~mc uc!~red M' Ihi~ M~~rtga~e~.
~i~h thc r~rc«. if an~•, r:~id t~• Borr~~H•~r. In ~he evcm ~~f a partial t:~lmc uf the Proper~~~. ~~nlccc Borrawer :~nd I.cndcr
~,~hcrwiK agrcc in ~vri~i;:r. therr .hall hc appli~d t~, th~ ,umc ~rcurcJ h~• ~hi~ ~1~-rtga~c ~uch pro~x~rtion i.( thr prcxecdc
:~s i~ eyu:~l to that pro~x,rti~~n ~~hich Ihc amowel of Ihe cum• ~i:~ired M thi• \lort};.~ge immrdi:Nelc ~ri~•r t~~ the dale of
taking txan to ~hc fair markrt ~•aluc of thc ProExrt~• immcdiately pri~~r to th< <latc of iakin~. Nith Ihc halanrc of thc prckeedc
paid t~~ Bormwcr.
If the Properl)• ie aband~ncd h~• Bnrri.wcr. ~r if. aftcr n~~tirc hc• I rnd.r ~c~ R~~rr~~~~~er that thc rnndemnor ~~Rcrs to make
an :iw:~rd or .etU~ a claim fc-r dam.igr._ Rc.r~~,w~r f:iil. t~. rr.{xmd I~• 1 rndcr within ill dac. :~ftrr ~hr d;~~~ .i~~h n~~ticc ic
mailcd. Lcndcr i. authori~cd to coUrct and apph• thr pr~kccdc. at 1 cndcr'~ urti~n. cithcr ti~ rectoration ~.r repair of thc
Pro~xn~• „r ~o ~hc cum. ~ccured br thi. l~ior~~agc.
Unlcss Lcn.kr and BnrruNCr othcrw•i~ aFrce in ~~ritinz. am• >u,h applir:~~i~~n c•f pn..-ccd~ t~. princi~al :hall n~t crlcnd
or ~xxt~Cmc thc duc d~tc ~~I thc monthh• inst:illmcMti rcfcrrcJ ta in {.aracrarh. 1 and 2 hcre~f ~.r ch;uiec ~hr amount of
tiuch installmcnt~.
10. Borrower 3Vo1 Releaced. Ertension of ~hc timc G~r pa~•mcot or mixlifirati~~n ~f amortizati~~n ~,f thc ~umc cccurcd
b~~ Ihic Mi~rtgaKC granted h)• I.cnder Ii~ am~ ~ucccswr in intcrc.t uf R~rrowcr ~hall not ~~xratr t~~ relcacc, in .my manner.
thc li:~hili~~• of thr orie~nal Rorr~~wcr and B~~rmwrr'~ su~~r~u.r~ in imcres~. Lcndcr chalf nc~t hc rcyuired t~~ rommcnrc
pn.ccedingi a~ain~t such ~acceca~r ~~r re(uc~ 1~. crtend tim~ fi~r pa}~ment ~u otherwi.r mi-Jif~• amurtiiatinn ~~( the sums
~ccureJ b~• thi. Nortgaec b>' rcation of :im~ dcm:u~d madr h~ thr ~•ricina) Borru«~r :uid H~~rrow•crs ~ucic~~ar~ in intcrcct.
11. Forbearance by T.ender \ot a W~i~•er. :~m~ fc.shcaranrr h~~ 1 rndcr in crcrcicina :~m• rieM ~.r rcm~d~• hrrcun~lcr, or
~~thtrw•i~c afTi.rdcJ h~• applicahlc law•. chall not tx a wai~•cr of ~~r prcclude thc c~ercicc ~f am• ~uch richt ~r rcmcdr.
Thr procurcmcnt of incurancc or thc pa~•mcnt of ta~c. ~~r ~~thcr licn. ~~r chargrc M' 1_cndcr .hall not Fx a~.u~~~r ~~f Lcndcr'c
right t~~ ac«I~ratc thc maturih• of thc inJchtrdnc~..c_urcd hc thi. \1~~rtga~e.
12. Remedieti Cumulalive. All rcmcJirc p;~.~idrd in thi. !11~~rtea~c arc diclinct and rumulativc t~ :ui~• ~~ther rieM or
rcmcJ~• undcr ~hic Mi~rt~agr ~~r affardrd h~• law .~r cyuit~. :md m:~~ Fx c~crciur.l c~•ncurnnll~•. indc~xndcnll~• ~,r ~~i~.~.ti~th•.
13. Succe+wrs and A~.siRns Bonnd: ]oint and Se~eral I.i•rbilit~•; t'aptionc. l~c r~,~•enants ;md aerccmcm. hercin
containcd ~hall hind. .md thr rieht~ hcreundcr tihall m~irc tc~. th~ rc~Ex;rti~•c cuc~c~sarc ~nJ a«ign~ ~~f I.cn~lcr :uiJ Borrowcr.
.ubject ti- ~hc pmvi~ic~m ~~f paragraph 17 hcrrof. :~II co~~rn:int. :~nJ :+errrmcnh ~,f Borraw~cr sh:dl txr jninl and scv~ral.
The captiun. and hea~linL. of thr paraer:iph. ~f thic '.11~~rte:igr are f~~r canvrnier-ce ~~nly anJ •rre n~~t t~~ he nced !o
imcrpr~t or Jcfinr thc rrci~~cion~ hcreot. ~
14. \otice. Errcpt f~~r am• notirc rcyuircd undcr :~r~i~~ahlc L•~~~ t~~ fx ii~'rn in an~~thcr maoncr. (al any notirc to
Burru~•cr providcd f~~r ir. Ihi~ ~lortergc shall Fx: gi~•cn h~• mailin~ wch m~ticc h~ ccrtificd m.~il :~ddreti.cd to Rormwcr at
thr Pr<,~m• Addre.~ ~r at wch othrr addres~ as R~uruwcr ma~ dr.ien.i~r h~ n~ai~c t~• 1 ~ndcr ac pn:~~idrd hcre6n. and
fbl am natirc tu Lrndcr chall Ix gi~•cn h}~ ccrlific~l m:ul. rcturn ncci~t reyu~+trJ. t~. I cndcr'. addrr~t cta~rd Fxrcin ~r to
~uch ~,thcr addrr« a~ I.rndcr ma~ dc~ignatc b~ n~~ti~c t~~ H~~rn,wrr ac pr~nidrJ hrrcin. Am• nc~li~r pr~~~•id~.l f~-r in thic
~turtgag~ shall ix dccmrd t~. ha~c Fxen ~i~cn tu &~rm~+rr ~~r I rndrr ~+h~n ci~~~~ in Ihc manncr dc~icn:rtcJ hrrcin.
1S. l'niform ~toclRake: Goaernin~ i.aw; Se~erabilih, fh~~ t~~rm ~~f mc+n~:~LC ri•mhine~ imiform ~~~~~enanh f~~r n:~tional
utic and nnn-unif~~rm c~•vc~r.~itt~ ~ith limit~~i c,~riati~,n~ hc j~~ri.Ji~~i~m ~~~ c„mtiti!tr a unifi~rnt u:airil~• intitrumrnt rovering
rcal pro~xrt~-. Thi~ ~lortgagc ~hall h.: g.,.-rn:cd h~• thr I.~w ~~f thr juri~Jicti~~n in which thr Pro~xrly i~ ka;alcd. Tn the
cvcnt that :~m• pra~-isiun i•r clauk uf thi. \1~,rteaLC ~~r thr \.+~r r~•ntliit. ~.ith :~~~i~~ahlc IJR'. Sll~h rnnflict ~hall n~t afTect
~,thcr pr~,~~~iun. i~f thi~ M~,rtcatr ~~r th~ \Ii,(~ Hfiiih i.m h~ zi~~n ctTrit ~ai!h~~!it thc c~~nfli:~in~ ~r~~~i~i~~n. anJ t~- this
rnd thr ~m~i~i~•n< <~f ~hr ~1c~rtgaec :ind Ihr \,,t~ :~rc J~clarcd t., tx ~r~•craMr.
16. Bormwers ('op~. Borrawct .h:dl t+r fu~ni.hrcl a c.mf~~nnrJ r~qn ,~f th~ \i~tr .~n.i ~.f thi. \lorteaGc at thc timc
uf c~cculian or aft~r rer~~rJation hcrc~~f.
17. Transfer of Ihe Propert~: A~tiumption. If all ~~r :~n~ ~~.~rt ~~f thc Pr~+{krl}• ~~r : n iMcrcct thrrcin i~ ,uld ~~r tran~ferred
hp Borrawrr Kithuut L~ndcr's pri~~r urittrn cumrm. r~:luJin~ +al thr crc;,ti~~n ~~f a licn nr cn~umbran~~c ~uFx~rJinatc tc.
thiti hlortgagc. Ih- thc crcation of :~ pur~ha.r m~mr~ .rrurit~ intrrrcl f~~r h~•uuh:.ld aprli:~ncc~. (cl a tram(cr bt• devisc.
dc.rcn~ ~~r h}• a~xration .~f law uEx,n thr ~Ir:~th ~~f :~ i„~nt trnan~ ~~r I~i~ Ihr erant „f .~nc Ica~h~ld intcrcct ~~f threc ~~care or Icac
n~H c~~ntaining ~n optiun 1~, purchasr. 1 rmlrr m:n. .it I rnJrr'. ~,~iti.,n. drrl:~rr all thr tumti cc~urcd b~• this \1i~rtgage to bc
~mmrJiatch• duc and pa~~aMr_ l rnJer ~hall ha.e ~~.n~ed .n:h ~~p~i~~n t~~ acrelcr:~te if. prir.r t~~ thc .ale ~r transfer. I.ender
:~n~l thc pcrson t~~ wfi~~m thc Pr~~~xrtc i. tr Fx ,~,IJ ~~r ~r.m.frrrrJ rrach .~grcrmrnt in writing that thc credit of ~urh ~xnon
i. sati~fa~ton ~~• 1 endcr :ind that Ihe intrr~.~ pr~aMr nn the ,un-. ucured h~~ thi~ :~t~rteage ~hall be at such rate ac Lender
~h:~U rcyuc~t. If 1 cnJcr has w•:~ivcJ thc nptian ~~~ acrclcr.~tr pn~~•idcd in ~hi~ p:ir:~graph 17, anJ if Bormwcr't ~ucccscor in
intere~t ha~ executed a w•riltcn as~umpti~~ agrecmrnt arcc~trd in writing h~~ 1 en~lcr. I.enJer chail releace Borrow•er from all
.~bligatic.m undcr thic Mortgagc and Ihr Na1c.
If I cndcr c~crri~cti wrh aplic•n t~~ arcrl~ratc. 1 rn.lrr .h:~lt m:~i) Burm~~cr nuticc ~f acreicration in arcordancc w~ith
paragr~ph 14 hcrcoL Surh nuticc .h:+ll pr~~vidc a~ri~al ~~f n~~t Icc~ than 3(1 da~~~ frc~m thc datc thc n~ticc ic mailcd within
Nhirh B~~rmwer ma~~ r.~~~ the ~um~ decL~reJ Ju~. It Bnrruwrr f:~il~ s~~ p~~• w~h ,um. pnor t~ the expiratic~n ~~f tiuch p.ric~cl.
I.cndcr may, wi~hout furthcr notic~ c~r Jrmand ~~n R~~rr~~Nrr. im~~.kc an~ rrmedics pcrmitlcd ht• paragraph IR hcrcof.
Nox-Un~FOR~-t CovFV.~vTS. Borrow~er and I enJer further co~~cnant and agrce as follows:
18. Acctleration: Remedies. Fxcepl as pro~•ided in para~raph 17 hereof. upon Borrower's bnach of any corenant or
~reement of Borrower in this'.1TortRa~e, includlnR the co~~enants to pay w•hen dut any sums secured by thk Mortgsge. i.ender
prior to acceleralion shall mail notice to Borrow~er as provided in para~raph 14 hereof specifying: (1) the breach; (2) tbe action
nquircd to cure such breach; (3) a date. not less than 30 days trom ~he date Ihe notice is mailed to Borrower. by which suc6
breach must be cnred: and (4) that failurc to cure such breach un or before the d~te speclfisd io the notke may resnlt jn
accekration of tbe sums secured by fhis ~lortg~Re. foreclosun by judicia) proceeding and wle of the Pmperty. 'Ibe nMkt
shali further inform Borrovrer of the ri~ht to reinstate after acceleration and the right lo usert in lhe torecbsure proceedir~
the non-existence of a default or any olher defence of Borrower to acceleration and foreclosure. If the breach is aot cnred on
or beforc Ihe date specified in the notice. l.ender at I.ender's option may declarc all of the sums secured by this Mortga~e fo be
immediately due and payabk wilhout turther demand and may foreclose th~C MorfR~e by judicial proceedin~. Lender shall
be entitled to collect in such proceedinR all expe~es of toreclosure, including. but not limited to, reasoeabk attorney's fets.
and costs of docomentary evidence. abstncts snd titk rcports. •
19. Borrower'a Right to Reinstale. Notwiths~anding I.ender't acreleratic~n bf the sums secured by this Mortgage.
Borrower shall have the right to have am• proceedings Fxgun by I.ender lo enforce this Mortgage discontinued at any time
s~K345 PaGE17~0