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1 rnJrr'` wrUtcn .~~;r~rm~n~ ar :~pph:.~hl~ I.IN. I~Nf~I~MI'f ~haU pa~ ~hr am~~unt uf all mc~riga~r imwan~c premium. ~n th~
mann~~ pr~,~•~Jr.l undcr parakraph ? hcrcof.
:1ny :unuiint~ ~li.hu~srd b~• 1 rnJc~ pur~uam ~~, Ihis p:~~.~Eraph 7. w~ih iotrre.l Ihcrc~,n. ~h:~l) hr~~~me aJditi~~rial
u~.l~ht~dnr,~ ul liurnn~rr ~~~urrd h~' Ihis \lartt.~g~ ('nlc.~ R~ar~~~~~~ .uul I rn~l~r .~~re~ t~~ ~Ihcr Icrm~ ~•f pa~•mcnt. .urh
arn„ui~t..h:dl M: p:~~ahl~ u~x~n nt~tiic fr~~m 1 rnder 1~, R~~rr~,~~.•~ rr.~ii~.lin~ ~•.~~m~nt thr~r.~L anJ .t~.~ll hc:ir imrrr~t fr~~m thc
~fat~ ~~f ~li.hur~~mrnt al ~hc calc p:n~ahlr fmm timc ta I~mc ~~n ~~ulctandinr prmcipal smdcr th~ \~itc unlc~. payment ot
intcrrct at cuch r:~h ~~~,uIJ F+r runtrar~• t~. appli~ahlc I:~~~•. ~n ~~hich rvrm wrh am~~unt+ ~lr~ll Fkar :~tc~ec~ a~ ~hc highcct ratc
{krniicciMc und~r :~p, ii~ahlr I~~~. N~~thin~ cam:-incd in thi. para~r;i~h 7 ~hall rryuirc I rndcr t~~ incur an~• c~{kncc or take
any artio~ hrrcundcr.
8. Inspeclion. 1 en~l~r tnay malr or cau~c to Fx maJr rca~onaMr cntric+ u~x~n and in.~xcti~~nc of thc Pr~~~xrl~~. pm~•idcd
~ha~ 1 rnder chall civ~ Rorr~~wrr nolic~ prii~r to am~ ~uch m~Fxclii~n ~~x~ifying reasonahle ca~ic~ Ihemfor relateJ to l.ender's
intrrc~l in thc Pr~~~rly.
9. ('ondemnation. Thc pr~kccd~ i~f am• a~~ard ~~r claim G-r ~lamacr~. Jircct ur a~n~cyucntial. in r~~nncrti~n ~~~ith am•
rondemnaliun ~.r i~thcr ~:ikine c~f Ih~ Pm~rt}•, ar part thrrr~~f. ~~r f~~r r~~nvcrancc in licu uf conJcmnatiun. arc herrhy ac~i~ned
:~n.i .hall t+~ paid t~ t cndcr.
1~ thc c~~rnt of a total talin~ ~~f Ihc Prupe~~y_ thc pr~xxccds ~hall hc :ipplic~l t~~ ~hc ~~im~ kcurcd hy thi~ ~lortg:-~~.
with the ~~cecs. if an~•. paid ti~ Borraw•rr. ln thc evem i~f a pa~lial taking ~-f th~ PmpCrty. t~~let~ I3prm~~•rr and Lcndcr
~~~heruik agr~Y in wri~in~~. th~rc shall he applird to the wm~ .ec~ircJ M~ thi~ Mi~rte:+~;e ~u~h pnip~.rli~~n ~~f the proceeds
at ic eyual to Ihat pm~x,rliun ~vhich th~. amount of the cumc .erureJ M• ihi~ \1c~rtga~e immedia~el~• pri~~r t~, Ihe date of
taking txtan to thc fair markrt ~~alur of thc Pru~xrt~• immcdiatcly pri~~r ~o thc ~latc of lakint. v-i~h thc k~lanr~ ~~f thc prc.cceds
paid t~~ Borrc.acr.
lf thc Pmpert~• ic ahandoncd h~• Bnrrow~cr. ~r if. aftcr n~~lirc h~• 1 rndrr ~~~ Rarr~~~ccr Ihat Ihc condcmn~r ~.Rcrs to make
an :~w:ird ~~r ~cNlr a claim fc,r dam:i~:~~. B~•rraw•cr fail. t~. r~.~.nd ~~~ 1 rndrr Hithin iO J~" ;~(tcr ~h~ d:~t~ ,~~ch n~~tic~ ic
mailcd. l.cndcr ic authori~cd to a~llcct and apph• thc prcxrcdc. at 1 cndc~ ~ opti~n. cithcr t~ rc~toration ~~r repair of thc
ProFxn) or t~- thc sum, ~~cun~l hy this ~1or~Ragc.
l'nles. 1_enJer and Borrower otheru•i~~ agree in ~~ritint. am• ~u~h ar~r~ati~.n c•f prckeed~ lo princi~al thall not e~tend
~~r Ex~~tponc ~hc Juc da~c i•f thc m~,nthh• installmcMc rcirrrcd ti• in paraeraph~ 1 and '_ hcrt:of ~~r changc thc amount of
.uch in,tallmentc.
10. Borrower Not Released. 1?~Icn~ion of thc timc h.r pa~~mcm or m~~difica~iim of :~mi~rtization c•f tfic ~umc tccurcd
h~• thi~ ;11~~rteage gr.~Med M~ LenJcr t~• an~• wcceccor in imcrc.t i~f Rormw•er .hall nM ~~xratr tn rcleasr, in am~ manner.
thr liahiliit• ~.t thr ori~~n:il Bormwcr and Bnrmw~cr'~ surcrc~~•r. in intcre~~. 1 cndcr thall nM hc rryuired t~~ commcncc
procee~lin~, aeain~t cuch wccec~or or refuce t~. ertenJ tir-x frr paymrnt or other.~ i~r m~xlify amorti~a~ion ~•f thr sums
~ccurcJ b~• thic 111ortgagc h~• mati~~n of an~• dcmand madr h~ thc c.rieinal Rorr~-wcr and R~~rmw~cr s~occr~c~.r~ in intcrect.
I1. Forbearance b~• I.cnder \ot a~Yai~•er. Aii~• f~•rFxarancn c~ I rndcr in crcrri~inL an~• ri~M ~~r rcmcd~- hcrcundcr. or
~~thrrw•i,c atT~,rdcJ h~• applirahlc faH•. ~h:~ll nc.t hc a w•:~iver i~t ~•r preclude ihc c~crci~c of am• ~urh rioM c-r rcmcd~•.
Thr prc~urcment of incurancc or thc pa)~mcnt of ta~c~ ~~r ~~~hcr lirm ~~r chargr~ h~• 1 cndcr .hall not tk a«ai~~er ~~f 1 endcr'~
rieht tu accclrratc ~hc maturi~~~ uf thc indchtrdnr.~ .e,urcd h~ thi~ \1~rlta~~.
12. Remcdies Cumulatire. All rcmcdic~ pr~~~id~d in thi, ~ti•rtga~c arc di.~inrt :~nd ~umulati~•c t~ am• ~~thrr riFht ~r
rcmcJ~• undcr Ihiti ~1~~rlgag~ i~r atForJ«I h~• lau .,r cyuil~. .~nJ m:ic h~ ~~crci~~~l r+~nrurrenth•. indc(x~nd~ntl~• c~r ~nrrr.ci~•~~1~•-
13. Successon and AtsiRns Buund: Joint •rnd Se~era) I.i•rbilil~; ('aption~. l~he rn~•rnantt and aer~rment. hcrein
con~ainc.l ~hall hin~. and thr rieht~ hcrrundcr ,hall in~ur t~,. th~ recpcrticc ~urcctican and a~~ign~ of I.cn~lcr :~~id Rormw•cr.
,ubject to thc pro~•iciom ~~f paraer.~ph 17 hcrcol. ~111 ~ii~•cnanh an~l airermcnh ~,f B~rr.~~rcr ~h:~ll Fx j~~int and ~c.•cral.
Thc ~aptionc :ind hcading. .~f thr par:i~r;~ph~ ~f ~hic 1fc~r~c:ie~ arr for c~~mcnicncr ~nh• :~n.l arc n~~~ t~~ F.c u~cd to
intrrpr~t or dcfinr Ihc pr~~•~cii~nc hcrco[.
14. ~otire. Exrept f~~r am• nolire rcy~iirrd un.ler appli.-:~Mr 1:~~~ t~~ tk gi~•en in an~aher manner. fal any notice t~
I3urraw-cr pru~ided fur m thi. ~tortgaks ~hall t~: givrn h~ m:iilinY .u~h n~~Ucn c~ ccrtificd mail addre.~rd ta R~~rro~+er at
thc Pro~xm~ AJdre,. i~r at ~uch uthcr addrc~~ ac B~~rn,wrr ma~ dc.icnat~ h~• n~,ticr ~a 1 cndrr :is rn~~•i~l~d hcrcin. and
Ihl am natirc to I.cndcr chall fx gi~•cn h~• ccnifirJ mail. rcturn r«~i~•t rcyin~tcd. t~~ 1 cndcr'~ aJ.lrcts Slatrd hcrein ~r to
~ueh ~Hhcr addre~~ :i, Lendrr ma~ dr.ienate h~ n~.tice t~. Bnrr~~~~er ac rr~~~idr~l herein. Am• n~,tii~ pravide.l for in thic
~t.~rtgagr tihall Ix Jccmrd t~~ ha.c t+rrn ~ei~rn to Borr~~wrr ~~r 1 rnJrr Hhrn ei~rn in thc mannc~ dc~ien:itcd hrrcin.
15. l'niform ~iorik•rke: Go~ernin~ l.aw: Se~erabilit~. Th~. trrm ~~t m~~rt:aec ~c.mhin~s unif~rm ~o~~en:mt~ G~r natic~nal
u~e and n~,n-unif~vm r~•~cnant~ with limilc.l ~•ariatiun~ hc j~in~.h:ti~~n t~~ c~~mlitutr a unif~~rnt ;r~uritv imtrumcnl c~~•cring
rcal pn.~xrt~. Th~. \1or1~:~~c shall h g.~~~~rmd h~ thr I.~u rf thr iuri~~lirti~,n in uhirh th~ Pm~rt)• i. l.katcd. In the
~~•~nt ~h:~t an~• ar~n•ision ur clau.c uf Ihi~ ~~Of1L'J_L'~ ~~r thc \~.tr r~+nllirh ~+ith :~~~n~:iMr law. cunc ~c,nfli~t ~hall n~t ~tfect
~~thrr rr~~~i~i~+m af thic ?ltoncagc ~•r thc ti~~~~ ~~hi~h ~:~n hr gr~cn rt~r.t .~i!h~~nt thc r~~ntliitinL ~rmi.i.~n. ~nd t~ this
rnd thc ~ruci.i~~ne ~.f thr :~1nrlL:tlc :u1tl ih~ \iH~ :~rr J~rl:~red t~~ Fx ~~t•eraM~.
16. Borrower'c ('opc. Borruwcr .hall h~ furni.hrJ .~ ~~~n(~~rntrd c~~p~ ut ~hr ~~H~ :~n~i nf thi~ 11or~c:igi at thc timc
i~f c~c~utiun ~~r ~ftcr rc~.~rdatian hcren(.
17. Trancfer of the Pmperl}; A~tiumption. If ;~11 ~~r :u~~ ~~.~r~ ~.f the Pr~~~rt~• ~~r an imerect thrrein is .~~ld c.r trancferreel
h~'Borr~.u~r with~.ut I.rndcrti pri~.r krittrn ~~m~rn~. ~~.ludini i:i- Ihr crrati~.n ~~f :~ lirn ~~r cncumhranec SuhorJinate t~
thi. ~i~~rlgaer. Ih) thc rrcati~n ~~f :i pur.h:~.r m~,nr~ .rruri~~ ~MCrcc1 f~~r h~,u.~h~,IJ appli:mcc~. Icl a tran~fcr h~• dcvisc.
Jc.crM ~~r hy ~~~xration ~~f IaN ei~m thc ~Ira~h ~~f :i i~ant trn:int ~~r I~i~ th~ erant ~~f :u~~ I~:~cchi~ld intcrest ~•f Ihrer :'~arc ar lc~s
not cantainin~ an ~pliun t~• ~urrhasr. 1 cnder m:n. .~t I rndcr'. ,.rti~,n. dcrlarr :~II thr tum. u:urrd ht~ this ~l~~rtgage t~ bc
immrdc~t~h• dik and pa~•:~Mr. 1 rnJcr ~hall h:~~c ~.:u~rd .ii:h ~~pti~~n t~. acrclcr.~tc if. rrior to thc ~alc c.r transfcr. Lcnder
and the pxrK-n t~~ wh~~m thc Pr~.~xr~~~ i. tr Ix .~~I~1 ~~r tr.m~frrrrJ rra:h .~Lrecmrm in writing Ihat thc crc~lit ~f ~uch pcrcon
i~ satitifartor~- 1~~ LrnJ~r and that thc intrrr•t pa~aMc rn ~hc .um. ,rcurcd h~ ~hi. !~tonua~e ~hall t+c at surh rate ac I.ender
~h:~ll reyuc~L If I.cndcr hac w~aivcJ thr i~pti~~n t~~ :~cc~lcr.~tr pr~~~•id~J in thi+ p~razr:~ph t7, and if Borrow~cr'ti successor in
ir.tcrect ha~ cxecutcd a wri~trn as~umpti~~n arrccmcnt arrcptrd in writing M• 1 cnder. I_enJer ~hall relca~e Borrow~er from all
~~bliga~i~,n~ undcr thit M~rtgaec and thc N~•ic. ,
If 1 ender e~erci.ec ~e~rh ~~pti~n ti~ acceleratc. I cn~ler .hall m;~il B~.rrower nntice ~f acceleration in accordanee w~ilh
~ar~graph I~3 hcrcof. Such noticc ~h:~ll pruvidc a~xri~Kl ~~f ni~t Ics~ than ;0 da}~~ fr~~m thc datc thc noticc is mailed within
Hhich B~~rr~~wcr ma~- ~a~ thc ~um~ derl:~rcJ Jur II li~~rn~~~rr (.~il, tu pa~• .urh ~nm~ prii~r tc~ thc c~pirati~n i~f tiurh pcriod.
Lcndcr ma~•, w•ithaut forthcr nutirc ~.r d~mand ~~n Ft~.rr~~~+~r. ~n.~~lc ~m remcdics pcrmittc:l h}• paragraph IR hcrcof.
No~-U~~FORat ~'ovFC~~TS. Borrowcr and LcnJcr Curthcr covcnant and agrce as follows:
18. Acceleration; Remedies. Fxcept a~s pro~~ided in par~raph 17 hereof. upon Borrower's breach of any corenant or
aRreement of Bonow~er in this ltort~a~e. includinR Ihe co•~enants to pa~• when due ~m~ sums secu~ed by this Mortgage. I.ender
prior to acceleralion shall mail nolice fo Borrower as pro~•ided in para~raph 14 hereof specifying: (1) the breach: (2) Ihe action
required to curc such breach; (3) a date. not lesc Ihan 30 da~~c from Ihe date the nofice is mailed to Borrower. by r-hich such
breach must be cnrcd; and (4) Ihat failure to cure such breach on or before Ihe date specified in the notice may ranlf in
accekration of tde sums securcd by this ~1ortRa~e. foreclosure by judicial proceedin~ and sale of the Property. 'Ihe ndice
shall further inform BorroMer of the right to reinstate afler xceleration and Ihe ~ighl to assert in the foreclosure procetdlug
the non-exaslence of a defaulf or any other defence of Borrower to acceler~fion and forecMsurc. If the brcach is nof enred on
or betore Ihe date specified in the notice. I.ender at l.eirder's option may declare all of the sums secured by this Mortgaqe to be
immediately due and payabk wifhout further demand and may foreclose this Mort~r~e by judicial prceceding. Lender shall
be eotitled Io collect in such proceedin~ ~II expeQSes of foreclosure. including. but not Iimited to, «asona6k attorney's fets.
and costs of documentary e~idence. absfncts and titk reports.
19. Borrower•a Righl to Reinstate. NMwilhctanding (.enJer's acceleration of the sums secureJ by this Mongage.
Borrower shall have the right to have an~• procecding~ hrgun hy I.cndcr to enforre tl~is hiortgage discontinued at any time
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