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1 rnJ~r'~ ~~riucn :~Kn~mcnt i~r ;~p~h~:~hiu I:~w. 13~~rru~~~r ~hall pa) ~hr ai~iuuiu uf :dl martgag~ imur.-ncc prG»ium, in th~
manncr pruviJ~~l und~~ par:~-~~aph 3 h~rcof.
:~m~ amuunt~ ~li~hu~scd b~' I.~niicr pur~u:~nt tu thic ~ar.~~r.iph 7. aiih ~m~r~.t Ihrr~un. .h:~ll Fxcum~ additi~~nal
nl~~~h!Cl{ttC~~ ul Burr.+~~~r ~~~t~rcd ht' Ihti~ ~~i~i1L:i,l'C. L'~l~C~~ f~~~ff~+~~~! .~Il~l ~ CIIi~Cf ,~lf~~ !~~ (~1~1~f tcrmc id p:~~•mrnt. ~uch
amuunt..h:Jl hc p~~~ahlc ~~~~~n nn~i:~ fmm I rnJ~r tr Rrr~~.~~rr rryur~linc p.~~mrnt th~~rrf. and .h:+ll lxa~ intcirtt fr~,m thr
~iatc ~•f ~li.hurumrnt al thr c:dr ~a~•aMc fr~.m timr tc- timc un outct:~ndin~ prinrip:-1 undcr ihc hMC unlct~ pa}•mcnl of
in~rrcrt at cu~•h ratr ~vc-u1J hc r~~ntrar~ ~~~ appli~ahlc I:~~~, in ~~hinc ~vent cuch amc.ums ~h:ill Fxar intcrc~~ :+t thr highcat ratc
{~:rmisciblc undcr :~pplicahlc la~~•. N.~~hing coMained m thic para~r.ipfi 7 ~hali reyui~~ 1 rndcr ~a incur ~n)~ c~pcncc or takc
.~ny action hcrcundcr.
R. Incpcclion. I.rn~lcr ma~~ m:~kr ur c:~u.r t~~ hc nr.idc rra~~~nablc cntrir. upon and in~p~ction~ rf thc Pr~,~xrty. pri,viJc~l
Ihat 1~nder ~1~a11 ~;i~•a HurmH~er n~~ti~e prior Ic- :~m• tiurh im~xc~i~,n ~Exrif~ing rras~,nable rau~c ther~f~•r ~rlated to I.ender'c
mtcr~ct in thr Profxrt~'. ~
9. Cn~demnalion. Thc pr~•cctd. uf am• :~~ard ~~r claim fa~ ~lamaccs, direci or a~mrc~ucntial. in rnnncction w•ith am'
~undcmna~ion ~~r ~,thcr ~akine ~•f thc Propcr~~•. u~ part ~hcrr~~f. or for c.~m~e~•anrc in li~u ~d condrmnatiun. :irn c~rrM• a~~i~ncd
an.l .hall t+e paid t~~ I.cndrr.
ln th~ ~~•cnt ~~f a tnlal talin~ ~,f ~h~ Pro~x~ty_ thc prucec~ls ~hall hc appli«t t.~ ~fic ~t+m~ t«urcd fiM Ihic ~t~-rtg:~~~.
ti~ilh thr c~cc~s. it am•. ~:~id tu R~~rrrw~r. In ~h~ c~•cnt of a parli~l tai.in~ ~~f thc Propcrt}•, iinlr~. linrr.n~•cr and I.endcr
o~hcr~i.e agre~ in ~~•~itini'. th~rt ~hall hc applicd to Ih~ wm. Kcurc.l b}~ thi. ~1~~rtcac~ wch ~rc~~x,rli~~n i+f thr rrck;redc
as ic eyua) to that pm~~rti~~n uhich thv amount ~~f th~ ~umc ~~:urcd h)' tfii~ ~lortea~c immrdiatcl~• ~ri~r t~. thi datc of
taking hcarc to thc fair mark~l valur uf thc Pro~rh• immcdiatch• pri~~r ~o thc .L•~tc rC takinu. ~~ith thc halanrc ~~f thc prcK:~c~ls
paid to Bormwcr.
if the Prope~ty ic ahandnncd b~• B~~rmw•cr. ~.r if. after m•tire h~• 1 rndc~ t~ B~.rr~~~~•cr that Ihc rnndcmrt~~r c~(Tc~s to make
:~n aw•:~rd or .cul • a~laim for damag~~. Rc.rrt•wcr f:sil~ t~• rt~~~~td tr I rndcr ~~itfiin Zil da~~ :~ftcr thr d:+tr ~uch n~~tic~ ic
mailed. I.rnder i• authorimd t~~ cidlr~t and appl~- thr pr~.crrd~. at 1 e:ider', ~~rti~n. cither to re~toratii~n ~v repair of ihe
Pro~xriy or tc- t}, • cum. ~~cur~~1 h~• ~hic 11Tortgagc.
llnlcc. 1 enrcr and Rorru~.~rr ~ihcnvicc agrec in aritinc. am~ Su:h :~rr~~.-:~tii~n ~t prckccd~ hi prinri~:d .hall nM crtcnd
c~r M~cl~x~ne ~hc dik Ja1c ~~f thc m~mthh• installmcnt~ rcfcrrcd to in par~~~aph~ t and '! hcn:~~f ~~r changc thc am~a-nt t-f
wch inalallmen: c.
10. Bo~r:-rer Alot Releaced. 1?~tcn.ion of thc timc fur pa~~mcnt or modificati~~n „f :~m~•rliiatian ~f thc ~um< <crured
b~• thi~ rlartg ec gr.inted hy 1.cn~ler t~ am ~txcecwr in imrre~t ~~f R~~rrawcr ~hatl n~~ ~~~x:r.~tc to relca~c. in any manncr.
thc liahilitc c• thc orieinal Borrowcr and Borrowcr'. suc«<.~~r. in intcrc~t. Lc~idcr ~hall ~ot !w: reyuircd t.~ commencc
~~nxccdin~s ..gainct tuch su«csc~~r ar rcfu~c t~i ~~~cnJ Iink f~r pa}'mcnt i-r c~thcn+i.r m~~clif)' ~m~~rtiiati~~n i~f thc sunu
.c~iirrd by r-i•: \iortgagc h~~ rca~i,n ~~f :~n~• dcr.-~and madr h~ ~hc ~,riki~~al Bi~rr~~~~cr :utid B~•rn~H~cr'< <ocrc~.~.r. in intcrctt.
11. '~'orbearance hy I.eeder'.~ot a N'ai~•e~. :1n~~ f~~rFkar:~nc~ hc 1 rndcr in ererci~in~ am• ri~_M i~r remed)~ hrreunder. i~r
~~thcrw•i,c afT~~rdcxf h}• applicahlc fa~i•_ ~h:ill n„t t-c :~ N•ai~~er ~~( ~~r preclude th~ c~ercitic ~~f am• ~uch rieht ~•~ remed~•-
T':r pnxurcmcnt of incurancc or thc r~~~mrnt c~t ~a~ct ~~r ~Hhcr lirm ur chargrt h~ Lcnder ~h:~l) nM Ix :~ ~~:~i~'rr ~~f 1 cn~lrr't
riCht t~~ accclcr:-te thc ma~uri~v of thr indchtcdnc~c .r:urcd h~• thi. \1~ngaYr. .
12. Remediec ('umulati~•e. All remcdic~ pm~ idcd in thi, !~t..rt~aec are distinct :+nd r~unulati~~c t~ an~ .~tfirr ri~ht ~•r
remril~~ unJcr thi. M~•rt~;a~~ or atT.~rJrd M• law~ ~~r ~yuit~. an~l ma~ Ix ~~crci.c~1 r~~ncurrrnll}•. indc~ndcMh• ~,r ,+ir~c..i~•rh~.
13. Succe~wrc and :1+~i~nc Bound: Join1 and Se~eral I.i•rbilit}~; Cdptionc. Thr c~~~~enant~ and acr~rmrnR h~rein
~ontsinc.l tih:~ll hind. and tht rixht. hrrcundcr ~hall inure 1~~. 1h~ r~~Fk~ti~~c succc.u~n and a~~ign. ~~f 1 cn~lcr and Ri~rroH~cr.
~ubjC~l t~~ th~ pr~~~i~ii~n. ~~f paragra~h 1'l hrrcaf. All ~o~•cnanh anil :tEr«mcrtl~ ~~f Bi~rra~~•cr th:+ll 4k {~~+nt .ind ~c~'cr:tl.
Thc captirn~ :~n~l hca~linc~ ~f th~ paragraph~ ~f thia \1~~rtL:~gr arr f~•r c„m~cnicncc only :~nd arr nat ~„ Fk uccd to
imcrprct or definc thc prmici~.n` hcrc~[.
14. \otice. Except [c.~ any notice requircd under applicahfc la~~ t~~ tk civ~n in an~•~hcr manner. (a) :~n}• n~~iice to
B~,imw•cr prc,.•idrJ G,r in Ihit ~i~~rtgagc ,hall Fx gi~•rn h~~ m:~ilin~ ,urh- n~~~ic~ M rrn~fi~d mail :iddrr~.cd ta Borrc.~ccr at
thr Prc.pcrtt• A~ldre.. or at ~iich ~~thcr addrc~, a. R~~rm~-rr ma~• d~.itnatc h~ mai~r ~~~ I endc~ :~~ pn+~i.lyd hcrcin. and
(h1 an~ ni~t:c~ ta Lc~idcr ,h:~ll Fk givrn h~~ ccrtifi~d mail. rchim rerri~,t rryuc.tc.l. t„ I rn~lcr', ad~lrr~ti s!<:trd hcr~in ~r to
~uch .,ther addres. a, Lrndcr ma~ da:~ign~t~ b~ nrtirc t~• Ri~rr~•~cr ac nr~•~•idcd hcmin. :~nv n~.tiic pnnide.t for in thic
\i~.rtgagc shall hc decmrd to ha~•c Ixen givrn ~o f3ormwcr ~~r 1 rndcr ~~hrn g~~rn in th~ mrnncr dc:ien:dcd hcrcin.
15. t'niform 11ort~a~;e; Gm•erninR i.aw: Se~erabilih. ~~hi. f~~rm ~~f m~~rtLaLC r~~mhinrc ~miform ca~•rnant. f~~r nati~nal
i~tc and n~.n-unif~.rm c~~vrn.u~h Hith limilyd ~•arialiunc h~ j~~rn~li.li~~n t~~ r„n.titutc a unifurn~ sri~~ril~• imtr~imcnt c~~•ering
r~:-) propcrt~'. Thi. ~tort~:~ge shall Fx guvrrn~d hc the law .~t thc ii+ri.~i~:t:~~n in ~~hirh thr Pr~~xrtc i~ 1u~atcd. ln the
r~•ent that am• pruvixiun „r clauk uf Ihi. \IorlLaei ~~r thC \~~tr irnlli~t~ ~~ilh ar{~lic.~hlc law. ~i~ch c~~nflirl •hall m~t :ificct
~+lh~r pn.~i.i~m. ot thic \iorlL:tgc ~~~ Ihr \i~Ir ~hich r:~n h~ L~~rn ifir~! .~i~h~~i~t ihC rrn(li:ting prc~~~ici~~n. and l~ thic
tnd Ih~ pCi~~itii~~tl~ ~~! Sh~ ~1t~ft_L`:tg~ and tfir \u1~ :~rc ilicl:~f~d ti~ t~t ~reCr:~hl~.
16. Borrowers Copc. Born~~~~r .ha9~ hc furn~.hrJ :~ c~+nt~~rmrd cop~~ ot th~ \i.tc :~~.i ~! thi~ ~tortLaga: al She time
~~1 e~~rution <x :~ftrr rr~~~rJ~~iun hcrenf.
17. T~ansfer of thc Propert}: A~cumplion. If ;JI ~~r an~ ~~.~rt ~.f thc Pr~~~xrt~~ or an intrrect thcrcin ic .u1d or tran~ferred
M• Rorr~,wrr ~~ith~~ut l.~ndcr'~ pri.,r ~~riu~n c.•n~ri~t. r~.luding ~:~~ thr ~rr~ti~,n of a lici~ ~r cnciimhran~c ~utx~r.liriatc ti~
thi~ ~1~rtgagc. Ih1 thc crcation ~~f :~ pur~•h:~.r n~~~nr~~ .r~urit~ mtcrc,t f~~r h~~u.ch~,IJ appliancc~. /c~ a~t~ancfcr h~~ devisc:
dr.~cM ~~n c~ ~~~rali~n of (a~ n~x•n thc.jrath ~~f .~ i,•~c~t hnant rr 1~1~ the erant ~•f an: Icacchold iM~r~~t r( thrr~ t~~ar~ or Icts
not c~~ntaining :~n opti.~n t~. ~urchasc. I.cndrr m.i~. :~t 1~ndrr'. ~~p~~un. drelarc all thc vim~ scrurcd b~• this ~lorteake to bc
imm~~li:dclt~ d~~e and pa)~ahle. I ender ~hall ha~e-~~:+sced ~s+;h ~~pti«n t~~ acc~ler:~te it. pric.r to the .:wle c-r tr~nsfer: Lender
.m~l ~hc pcra~n to wh~~m thc Prn~:r~~• i. t~~ Ix ~al.l ~~r ~ran~(rrrrd rrach :~crremrnt in wriling that th~ crcdit nf ~uch pcr~con
~, saticfartorc t~ l.eniler and that Ihe inler~.t pa):~hle i~n Ihe ~um..rcureJ h~• thi. ~lortgaee tihall be at such rate ac I.ender
~h.sll rcyu~~1_ If 1 cnder hati W~:+i~'cd tfi~ ~•pti~~n t~: acc~lcr.~tr pr~•~~idcd in thiti par:~graph 17. and if B~~rmw~rr's tiucccssor in
int~rect ha~ ~xecuted a~critlen assumpti~~n acrcement a~reptrd in ~.ritinc b~• ! ender. Lender shall releace Borrow~r irom all
.~bliYations un~lcr this Morte:-¢c and thr N~~t~.
If i.ender e~erci~rc ~i~rh ~~pti~n tc~ :icc~ler.~te. I~n~ler .h.~ll mail R~rro~~er ni~tice ~f ac~eleratian in accordance ~+'ith
paragraph IA hcreof. Such noticc ~hall pn•vidc a~ri~al ~•f n~•t icc~ than ?t1 da~•~ irc.m thc datc ~hc noticc is mailed within
~hich R~rrnwer ma~~ pa~• ~he ~ums ~erlareJ Jiic II (3~~rr~nacr. f:~ilc ta pa~• ~u.:h ~~~mc prior t<~ the cxpiration <~f ~~sch period.
Lcndrr ma~'. Withnut furthcr noticc ~r dentand i~n R~.rn+.+cr. imnlr an> rcmcdicc rcrmittcd hc paragraph IR hcreof.
No~-U~~toteai CovFV!-tiTS. Bc~rroKCr and I ender fu~ther cm~enant and agree as follows:
18. Accele~afion; Remedies. Fxcept as pro~•ided in para~raph 1'7 hereof, upon Borrowe~'s breach of any co~enant or
aRreement of Borrower in this ~iort~a~e. incledin~ Ihe co.enants to pa~• when due an~~ sums secured by this Mort~age. I.ender
prior to acctteration shall mail notice to Borrow~er ac pro~•ided in paraRraph 14 hereof specifying: (1) tht breach; (2) the action
rcquired ta cure snch breach; (3) a date. not less than 30 days fram the date the notice is mailed to Bormwtr. by v-hirfi such
breach must be cnred; and (4) that failure to cure such breach on or before the date sperified in the notice mav ranlt in
acceleratlon of t6e swns secured b}• this ~1orlRa~;e. forcclosure b}~ judicial proceedinR and sale of the Property. 77~e noticr
shal{ further inform Borrower of tfie ri~ht to reinstate ailer acceleration and the rigbt to asserl in the forcclosure proceeding
the non-existence of a default or ~ny other de[ense oi Bortower to acceleration and foreclosure. {f the brcach Ls not cnred on
or before the date specified in Ihe notice. I.ender at i.ender's option m~y declare all of tht sums secured by this Mortgaqe to be
immediately due and payable without further demand and may foreclose this Mortg~e by judicial proceeding. Leoder sl~all
be entiUed to cof{ect in such pro~eedin~ all expenses of foreclosurc. including. but not timited to, reasonable attorney's fees.
and cos~c of dceomentary evidence. abstracts and titk reports.
19. Borrower'a R~ht to Reinstate. N~twithstanding I.ender'. acceleration ~~f the sums secureJ by ihis Mortgage.
Borrower shall have the right to have ani• procecdings Fx:gun h~~ Lender ~c enforce this Mortgage diuontinued at any time
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