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!. Twst ~n o.0a eo proc~n ma~ fuNy M~ s~cw~tr o~ M~s mo.~psy~ ~h~ Ma~payo~ to~~M~ w~~~ a~a +~ add,:~un w ine nwn~n~r wv~~enn unoa t~E termS Ol th!
oo~e sacured n~r~py pn 1M ip~C~Md p!Y^N^t d~t~ ol 1KA mpnth unhl tM ss~a note ~s fu~ryr pa~d w~~: pay to ~ne Assoc,ana~ u~e raiuh~~g su~ns
li~ An ~rn~su.n~n~ N cM uqt ~nd sss~ss~na kn~d M f0 b~ ~lY~W 1Q~~nf! the pfT~SlS COYNld by Ih~T mortq~QR i~W in ~nil~llmfnt 01 ~If! Urfm~um
p p~mwms tn~t w~M O~com~ dw ~~0 parabN w ~~Mw tM ~~w~anc~ on tM p~m~s~s coverro Mrebr ~9~^s~ wss Dy h~e and w~ndt~am ss pov~dW
b~ M w~sp~~pA 3 Dnt~d+q w Wch otl»r Miaaf ss msY ~~ssonabM Os rspu~rW py ~ne Assocu~~o~ a~a an ~~su~Rment o~ th! D~lm~um t~~t wJ~
Deca+» dw a~+d WY~bN p~~++w~ ~M matpap~ mw~u+c~. d sny Suc~ ~nstaitmems s~au De eQua~ respecuretv ~o une twelltn f 1 12tAI o! tM es
Unyqd p~Nn/YT W p~TWmt Ip ~yCA ~nsyqnt~. and ua~s and sss~ssm~~ts nea~ tlw las es~~ma~ed by ~he Assoc~auonr ~ess ati ~nsu~iments a~~cadr
pad t-~M~1d. d~wdW Oy !M numWr of mantna tLt ~r~ to ~4Ds~ a.~ mo~+~n p~.o~ ro tha date when such prem~~m or pr~miumS i~d l~a~f ~nd
ssstssmK+ts w~110~con+e dNequ~nl Th~ Assoastqn wMN ~ppt~nnp such p~yme~~s to msu~ance wem~u.•~s qaes a~d asussme~ts Ddae the same
b~coms dN~nOw~+t. sM~~~ rwt WY ~ntN~it t0 tM MptQ~pO~ On tuch fu~ds. i~d a~~ such Ua-mcMt may be ~umm~ngieA Dv 1hs Assoustwn w~th a~y
otM~ wch l~n~ w wHh ~ts own h,nds TM }unds are ~wped as add~twna~ secu~~er ~o~ t~e sums secur~ py en~s Mu~tgsge anif a~e suboect to use Dy
tne Assoustan m p~~m~nt o/ ' 4t~ cASrp~s a~d Oink cdiecuon c~u~pes
~D~ Ali p~ym~nts mMtqn~d m tl+~ prK~Wnp subs~ctw~ o~ th~s pa~sg~sph s~d st~ pavme~~s to be made ~nder tne rwte scc~r~w nereoy sha~~ be added
• to~etM~ snd tM s~pst~ amaint tMrso/ shsu be p~Kf py ~Ae Matp~por e~~n momn ~n a s~ng+e Darment ~o be app~~ea by ~ne Assoc~atwn to tne
}oliow~np rt~ms m t1N WdN Nt ~pth 1 Taa~s ssssssments. snd mw.snce prem~ums 2 Late cna~ges a~d bank coUechon tnarges u~iess ps~d ~n
manne• povd~d ~n pr~pr~pA 4 ~~~ 3 Inanst on ine note secu~ed nereby 1 Arrw~t~iat~On o~ the pnnc~ya~ o~ sa~a rwee
Any debuen~y m the amount ol sueh s~µre~fe montMr p~yments sha11. unless pa~d by ~he Mo+fyaunr ~„~o~ to tne due Aate of ~ne ne~t wcn paYme~t. con
strtut~ sn event o~ dehuk undM !h~ mort~ Wrthout warve. of s~y r:ght. the Assoc~a!wn ma~ co!ie~~ a ~ate charg~ as wav~ded m tne Note
S Tna~ ~~ me fou~ o- ~ns osrm~nn msd~ bir tM Mo.~payw urW~r Is) ol psrspr~ph 4 peccd~np s~a~~ e~teed t~e amount o~ WYments actua~ly maae by tne
Assouuan ~o- uaes s~d ass~ss~+~nts snd ~~wrane~ w~mwms as ~ne Gfe m~y be. sucA eicess shs~~ be crsd~ted by the Assouanon on suOSeQue~~ paYr^e~ts
to be made py tne Matyspor 11. npwwer. tM montnly paymN+ts m~de py tM Matpapa under Ia~ oi aa~ayr~ph 4 peced~ng sna~~ nor h3ve bea~ wN~ua~t to
psy taaes and sssassments ~nd ~nfu~snc~ Wemwms. it tM case m~y be, wAen the sarr~e sha~! become Aue snd payab~e ~nen the Assoua~wn may at .ts op
r~ immed~itNY piY ~h UaK ~nd ifSKSml~t3 ~nd ~nw~ince pem~um and the Morigagoi sh~ii pay to Me Assoc~anon any amounl ~ecessary t~ m~ke uD
ehe de~K~e~,c~r u+d wcn pa~m~nt snsn b~ due a~d parab~e w~tn~n tn~rtv 130~ aays atte~ tne date o~ ma~~~ng ~f noi~ce bv t~e Assa,~at~o~ sett~~g funn tnc amount
c~ sucn def~uency N ~~ ~ny ume. t1+~ Mortpsyo~ sna~~ tsnde~ ~o ehe Assoaatron ~n sccorda~ce w~tn ine u~o.:~.ons oi ~rte note secu+ed nercDy tu~i aavment ot
fhe cnr~re ~ndeb~ednHS rep.esented here~y. tAe Assou~twn snai~ m COTputin0 tA! imp~nt O~ Sut~ ~ndebfed~ess cred~t to tne account o~ tne Ulongagor a~~
ba~ance roma~rnng ~n tne 1u~+ds accumu~stM under Me prmnsrons of I~i of parsp.sph 4
6 To pe~m~t. comm~t a wNer no w~sn. ~mpsum~nt a decs.~asuon o} ss~d p.operty. or a~v ua~t enereot and uaon Me ~a~~u~e of tn~ Mortgaga ro keep ine
bu~id~~gs on ssd property x~ yood EorWrt~d+ w rp~~~ and m~~ntensnts. tAe Assoaauon mav ~^~ana o~oprr ma~~tenance a~+d tne ~mme0~2te ~ep~~~ of ss~d
budd~nys p in ~ntrliff M th! i~}WUnI O~ SKUn1Y~ W th! immld~~q repayment o1 the deDt hereby sccu~ed and the ~a~lc•~ of tne Mo~tgago~ to comply w~th
ssd demand o~ ths Assoastqn fa s paqd ot th~rty 1301 da~rs shs~~ consntute s Arcach o~ t~s mwtgage. and at the oDtwn ot the ASSOUaUOn. ~mmed~ste~V
mature ttie entue amount d pnnc~psl snd ent~rest heieby secured. a~d the Assouauon ~mmed~atejy and w~tnout not~ce mav ~•~st~tute proceed~ngs to ~orec~ox
fn~s mo«gage a~+d app+y !a the sppo~ntme~t o~ s rece~ver. as nere~~+aher prov~ded_ snd m case o} ~~e re'usa~ ney!ccs o~ ~nabdny o~ tnc Mortgagw to ropa~~ a~+d
~++a~nta~n sad p~operty. the Assoaatwn m~y. st ~ts optwn mak! suC~ reD~~~s or esuse the same tc be mad~ ar.d adva~ce moneys ~~ thst bef+alf
7 T~ p~.~orm comply anth ~nd spde py esch a~d every tne stwui~twns. spreemems. cond~hons d~x1 covendnis ~n Sa~d U~Om~sSO~Y ~ote and tA~s mprtgage Set
~orth
8 To comdy w~tn tne wbdms~ restr~ctans snd the mun.apst ipron9 prWnsnces ~ppl~caWc to the mor~yayed D~~«v ~Ot t0 tr~t o~ perm~l t0 D! l~Ktld dny
new budd~~g5 On th! pem~ils ~1R~QU~ mW1QiQQd M to Wd to a pl.m~t to 0! iddQd to m2ke o~ pl+mrt to be maOE any strtictura! e~te~atans io anv o1 thE ea~
~sbrp imprOVements lher~pn w~thout (he wnttln COnSlnt O~ [M ASSOC~atron. ind m t~e event o} any vro:anon o~ anempt to v~o~aee ~hese st~pu~abons. or any o~
in~m tMS m0!tgdg! i~d iN wms secursd nereby Sh~ll ~mme~~te~y Decome due and pavab~e at the oDt+o~ of tne Assoe~auo~
9 Th~t ~n CiS! Of i dQ~iU~t m iny O~ !nQ Te~TS O} 1h~5 TO~IQiQ! ind [hQ /d~n0 O~ i Ddl [O ~OtCGl65t ihi5 Or dny OtnC~ mongage e~cumDenng ;he w~tnm descnbed
n+ove~rr the Assouatwo shsil be entrt~ed to anply ~t ~nY t~me w~t-aut ~ot~ce pend~~+g sucn foredosure swt to the cou~t Rav~ng ~u~~sd~ctwn thereof fo~ lne ap
pp,ntmt~t O~ i reCQ+vlr 01 ~II in0 f~ngui=r thR mOr~QiQld pOplrty. ind 01 itl tA! r~nts. ~ncomes wo}~ts ~ssues arW ~e.enues rner~! Irom vr~atsoever sou.ce
de••ved a~+d thaeupon ~t ~s hlr~py laprlStly Coven~ntld ind ip{eed that the cOU~t Shi~~ ~orthwrtf+ appomt a ~ece~ve~ of sa~d monqaged Woce~tY. ai~ and
sngu~a• a~d o1 such ~e~ts. mcomis. pofi!s. ~ssues and revenuss thereoi. irom whaesoeve+ sou~ce der:Yed wnh ine usua~ powe~s and dubes o! rece~ve~s m hke
case5 a'+d SuC~ dpOa~tmGnt Shali be m~d! by Suth COUrt ~f ~ m~t[~r O~ Stn~t neht 4o ihe ASSGUdbO~ arnf v~~i~O~i re~eren~e m tne adeQUacy o~ ~n7d~pWty O~
me vaiue ot tne pooe.tr ~e~eby matps9ed. o~ to tix so~vency o~ msoive~cy o1 tne Mo.~gago~ ard tnac sucn r«n[s p~ohts ~~comes ~ssues ar*d revenues sna^
Dt app~r2d by sucn rlCNVe~ to tA! piyment of thE mOrtpsy! ~nde~tldness. cOSCS and chd~ges acco~d•ng to tne ortle~ o} such cOurt
10 Tnat ~~ Mt EvEM !~+! prom~u5 hlrepy mprtQiyld. pi~y pirt thlr~p/ SDi~~ b! COndlmnld 2:~d tiken unOe~ tht pOwl~ o~ em~ne~t OOnU~n rhe AssOUaUOn shau
nave -he ~~Oht t0 Almand tAat a~1 dim~~S iWitdQd ~Or [h! takine Of pr ~n~ury to sa~d Wem~xs s~a~~ be pa~d to Ue Aswc~at~o~ ~ts wccessors or asvgns uD to
Tn! dmMint tRM u!~pi~d O'~ [MS mO~t9iQQ. i11d m1y ~e app~~etl to s~Y sums ~ast pavaD~e he~eu~de~ ~
i l Thdt t~mp ~S or th! !SSlnC! O} [b~5 COnfqCt and th~t n0 wa~vl~ Ot iny Obl~gitW~ htrlu~tlE~ or o+ tne ob'~ga!•o•~ sec ured ne~eny snai: at any nme :nerea~ter be
*e~~ to be a wa~ve~ O} th! Lltm3 her<pt prOf th! p~Om~SSWy n0t! Secur~Q hlrtby
12 In the eve~t o~ a~r de~au~t ~~ sm ol tr+e te~ms o! M~s mo.tpage or m Me note secu~ed nereD~ a~+d acceie~at•o~ by Me ~o~ae~- o~ any ot~e~ s~ruat~o~ that wou~d
ca~~u tne ertterest ps+d a oaYaWe unQar tMS o0l~qatron to e^ceed the :nte+est nte authonred Dy +aw ~nen ~n sucn event a~~' e^cess ~r.:e~est Sheretofo~! paid shail
be veerted to p~~~c~pa~ a~d a:' xcrued snd unps~d excess mterost sna~~ abate and s~a~~ ~o: tre ar. ub~cac~un o1 fne mare~ rn o~ any o!ner ye~w~~
13 That to the a^tent o~ the ~ndebted~+est ol the Mortpsya to the Assooatron descnbed he~e~n o~ xcu~e<f nereDy the Assx.~at~on ~s ne+eby suWOgated to the I~en
or I~ns a±d to the nghts o~ ths owner ~nd hpWer the~sof of esch ~nd every mortyape. I~en o• otne~ encumbrance on the ~ane desc~:5ed nero~~ wA~ch ~s ps~0 and
sat~s~~ed ~n rvlwle or m part. out o1 the poceeds of the 7oan dpscnped here~n o~ secwed hereby ard rne ~especuve Lens of sa~d mo.tgages bens o~ othe~ en~
cumb~ances. sha~~ be. aad the same and esch o1 them he~eby ~s preserred and sha!: pdSS t0 aftd bC hg'd GV th@ ASSOC~dt:On A!r@m i5 SlCUnty }p ih! m-
debtedness to the AssoaaUO~ here~n dexnbed o~ herebY secu~ed. to the same e^teni tnat ~t wou!4 nave Oee~ prese~ved and wou~d have been passed to an0
yKn ne'd by the Assoc~st+or+ hsd rt been duh ~~d ~epuiarty ass~pned trs~sfe~r~d. set over and Ce~~vered unto cne Assoc•atwn oy seDa~ate tleed of ass~g~ment
~otw~thsta~d~ng the -m that the ssme may De sahsfied snd c~ncNied o! reco~d. ~t be~ng the ~~tennon o~ t~e ~arn«s ti¢reto t~a; cne same w~~~ be sat~s}~ed and
ca~ce~Ied o~ •eCO~A by th! h01dE4 tbl~lOf at W 2bOUt t~! c~me of the record~og o~ tn~s mo•tgage
14 Thas ~f a~v of tne wms of mo~ey h~re:n refened to be nOt prompily ~nd ~ully p~~d vmtn~n tr:rty ~30~ tlays ~e^t ahe~ tne same seve~a0y Aecome d~e and psvaWe
o~ ~f eac~ and eve~v the supuladons. ag~eeme~ts. cond~uons a~d cove~ants of sa~d D~om~sso~v ~ore and ~n~s n~u•tgage o- enne~ a~e ~o! tlu~y pe~furmed. com-
p~~td w~tn ~nA ~b~ded by. tAe iggreg~tE wm unps~d unde~ Si~d prOm~sSOry note a~d tRS mp~tgage sne~~ bPCOmp duE d~d pdYdb'~~o }O+LhWit~ M 1~BrtdhE~ at t~e
opta~ o~ the Assoaanon. as fulh ind COmplete~y ~S ~~ sa~d aQp~egate sum o! mo~ev Me~e o.~wna~:r se~pu~a2e.f to oe pa:d o~ s~cn dav anYl~~ng m sa~d
D'omrssory note o~ hero~~ to fne ca~cnry ~[w~chs~s~d~ng
15 Tnat ~~ o.de. eo acceierate ~ne maeu.~ty ot ehe ~ndebted~ess ~aeDy secu~eA Decause d tne +a•MU~e o' c~ 1Ae~?yayo~ to pav a~~ !a^ assess•~en! ,~ab~i~ty ob!~ga
fOn o• ~ntumD~an[! up0~ Sa~d pOplrty eS herl~n prOV~Cld ~t S~iN nOt b! neCess2•V ^o• ~24wcrte '~at the Asso'~dto~ +~a" ~~rst par tne same
16 Tha; the abstract or abstr~cts o1 trtle covereng the mortqsge0 property snal; at, a! t~mes du• ry t~9 ~'e a~ ~n,a rt,o•tyage reTa *• ~n the vossesson o~ the
Assoaanon a~d ~n eve~t o~ the faeclowre ot th~s mortyspe or ather t~ans~r o~ trtie [o rh¢ mo•~gayed p•~;e•t~ :~ e•~ ^yu s!+*nenc o' ;nP .^~ebteAness securcd
~e~e~v a~~ r~gnt t~tie aM ~nterest o! the Mortpsgo+ ~n snd to any such absiracts o~ ut~e s~a'~t pass co cne pu•c~aser o~ g•antee
17 S~+ou!A ~ne vai~A~iv or te~ oi tb~s r++o~tgage w ine nOt! sltu~ed tht2bY be Co~ttsitd by f~!.ganon vr ot~e•w~se :~e Mo~tgago• ag~ees eo pa~ ro :ne Asso:~at~on
tne cost of de~!nd~ng tne same ~nctud~ng a ressonsb~e sttanev s fee
1 B 'o nay a~l a~d vngu~a~ the costs charqes and e~penses .nduA~ng attorneY ~~oes raas~~~aNy ,^r u^ed ~~ va~d at en; t~me by enP Aau~c~ahon becauv~ of the
ta~~u~e r.! tt+e Motrga9o~ ro per~o~m. comply w~th and ab~de by eac1+ and e.er~ ~ne st:pu~ai~r,ns r.o~rPme~~cs cr,n~s nnns a+~n cooenants n~ sa~a n~nm~sso•v ~ore
a~+d ih~5 :nort02pC. or t~Sh~r a~d every wch leacept for Me paymenr of cne moniNy msta~'mnnt ac *PquusYf Iry irta P.omi~vvy Ntrte~ sha'! !~ed~ ~~Lo~PSt irom
rldre at thC rate of .~qhtCen per c9nt I IB~,1 per an~um unhl fu~ly paid
i9 Tn~ Assoc~at~on snan have tne ngbt at a~y nme and irom ume to nme a~+0 w~tnout noUCC t0 0• to~sent o~ dny pe~5on •e ~a~ re'~easp d~Y Porbon of the Drem~xs
lrOm stie ~~e~ of th~s mo~tgage. iDi rNeif! iny pe~son I~~b~e tw payment of any ~r.dlDtedneSS setured he~eDY '~' ~~ten~ ;he t~mr o~ DaV*^cnt o~ d~!er the term5
o~ p7Y**'tni O} 2~~ W~nY Pdrt O( t-~! ~ndlbtldnlSS. WK!~OUt ~NKimp O~ rEil7Smg tht plrspnd~ ~~ab~~~tY Of an~ perspn I~dble iothe~ tna~ any pe~son ~e~eased pu~-
sua~t ne.eto~ for tne payment o/ aMr wm w:nterest sscured hereby a~a w~[nout m anv w~se a~te~~~g ~d~Y~n9 0~ d m~n,5~~ng tAe tO~CBS e'fecrs o~ ~~e~ o~ th~s
rt+ortgage on a~~ t~e O~em~ses npt splCd~tiliy reIlisld trom the l~en ot th~s mortgag~ by tt+e Assx ~ano~
20 Anr ag•eement nereahc~ m~ by Mortg~go~ snd Assoc!atan pursuaM to tMS mo+tgage sha!~ be supe~~o~ to tne •~ghts of the ho~dcr at a~r ~~terven~ry i~e~ o~
e~cump.ance
2 t V, on .epuest o~ Mo•tgagw the AssouaUOn may, st ~ts so+e opt~on 1rom t~me to Ume be'o~e ~u~~ payme~t o} a~~ ~nde~!enness secureO ne~ebv make ~u~ther aA
vances ro Mo~2gagw pw~ded. ~+owever. thst the toqt pnnupa~ sewr~ herebY a~d ~ema~nmg u~Da~d muuC •~g a~~ such adva~ces s~a~~ ^ot at any t~me ei-
ceeA the w~g~na~ p~~napa~ wm securcd hereby Monpspor shail psy sn such tu.tne~ adva~ces w~t~ ~~~terest and the same shai~ be v_w~ed nerebv At~ o+o,ns~ons
o/ tn~s mongage sna:~ apWy to exh fu.ther aAva~ce as wen as to s~~ ocne~ mAeDtMness secu~ed nereby tinth•ng nere~n r.oma~~~eA nowever s~ai' i~m,t tne
amO~i~f tlCUr~ py th~5 ~*+Ortf,~ag! d such smq~nt ~s ~ncressed Dy sdva~ces made bv the Assooat~w+ as ne~e~n elsPw!+erp p.~v~ded for to ~ro!ect the secu~rty
22 In th. eve~t tM Mo.tgagor here~n. o. anv wbseQUent Mortgaga O~ d'~y plr5pn p~ fo~[~'dhon nwn:n;~ ary n(ervcT VYh~T~Oe'rP~ ~nmdr e~c~~~Rt~. tno p•ope•tv
heran mortgaged by a~ ~nstrumer+t commonty .efe~~ed to and known as a verap-a~ou.+d mo~rqagP w:*r.o,~c f,rct nhra~n.nq tt+o wnttPn r~~ynt o~ 2he Assoua-
tron rnen at !ne opt~on of the Assouaho~ ihe obi~gat~o~ secureA Ay th~c Mo+t~a~o cha~~ ~mmrn~arv;,; !~..,mP ~i~;N anA ~aY~a!~~o
23 To provde the Assocratan vnth Flood Inwrar:ce Coverage ~~ the rtal Drp~rty a rtow n• he~ea~rP• dei.~~r*+~nPr~ tn ~w w~t~~rt a s[waa~ !~~xxf hara~d a-ea a5 shown
o.e Roorf Hara~d Boundary Map'Flood Inwrance Rat. Map as pub~~sned by the Fecfera. ~nsur~nce Adm~n~st~ah~n
24 At the ropuest o~ the Mortyspor. tM Assoa~tqn ~prMS to warv~ tM pm~swos o} psrap~~p-+ l re~aUve to tne aeaLOn o~ a na:s~d ~nw~a~ce sccount. prov:eee.
Aowtver. ehst th! AitOGat~On rsta~ns tIM nyht. it ~ts oytw~. to rs-~nst~ts such prpv~s~o~s o~ sa~d varagraph 4 as an obt:gabo~ o~ 2ne Mortgaqo~ hsreunde~ upW+
th! hdpperMrxJ O~ iny O~ th! fd~OMnnQ
A Fa~!ure to msks any paY~Mt rsQwr~d und~r the tarms o~ t~e note on o~ be~we the due date the~eo~
B fa~~we to compl~.v~th tM mwnnc~ p~ovisrons ol W*~qnph 3 or o~ ~~Y o} the other :e~ms and condrtrons o~ th~s mo*tgage or note or wrth the ~nsursnce
.evwre~+ts contsmed ~n tM O~a.~tan of Condommrum ~nd rsl~bd dOCUmMtS ShOU~d th! mO~tg7gRd D~OplrtY b! comm~ttsd to torbOm~~wm
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