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1 endrt'c wnltcn agnrmcnl ~ir ~~~,i~,,,ni~ ieW liurrov-rr shall pay Ihr am~~unt ~~( all murtgage incur:~nre premiums in the
rtiannrr p~c~v~drd undcr par7RfJ~1I1 : hrreo(
Any am~~un~~ d~.hu~.~d by I rnJcr pu~.-i;~nt tn Ihic par.ixtaph ~. w~~h ,n~rn.t ~hrrr~-n. chall hcrumc additional
in~lrhtrdnr~c i~( 1{~~rn,w~r ~r.urcd h~• ~h+~ l1~,~!~a~c 1'nlc.~ R~,rruwcr :ind 1 cn~kr aRr~r lo othcr tt~s ~( payment, tuch
am~iunt~ ~h•all hc pa~•ahlr up,~n n,ai:r (n•m 1 rndrr n~ B~~n~~N.•r rcyuc~~in~ paYmcnl Ihc~c„( drl~1 sha~) I~ra~ iMrrett fmm tht
datr ot iti~biuKn~cnt at thc ~atc ~:~~•aMr f~~~m timc 1~~ t~me ~.n outclandinR pru~cip~t undcr ~hc Nafe unltsc payment of
intercst at such ~alc w•ould hc c~m~rar~~ ~„ ;~rp~,~ahlc law. ~n whinc ~vcM ~uch am~~untc ~hal! F,car interesl a~ the highect rate
permissiblc undcr appl~rahlc law. N~-thin~ r~~nta~ncJ ~n thi~ p:~r.~Rraph 7 chaU rcq~~irc 1 cndcr to incu~ any expense or take
any aclion hcreundct.
s. laspecfiw~. 1 ender mav maAr ~~r .:~u.r t~~ Fx made «~~onable entricc uFxm and inspechonc ot ihe Propetty. provided
lhat l.ender shall Rive Aurrowcr n~~l~cr ~ri~~r 1~~ ;~m ~u~h nnpcchi~n ~peci(y~ng reasonabk cause therctor rela~ed to I.e~eier's
mtereu in the Prope~ty.
9, Cowdemwatioe, T1x pnxeeJ~ o~ anv awa~d c~r rla~m tor damages, direct or ~omeque~tial, in connectiw~ with aoy
condemnation or Mhe~ taking of Ihe P-operty, or pa-t tAerrnt, or tor runveyance in lieu of condem~ation, sre hereby assigned
and shall be paid to 1.ende~.
ln the eveot of a IWa) taking of the Pmper~y. ~hc prcxre3s c~: t t~e appli~d to ~he sums securcd by this Mon~age,
wilh ti~e excess, if any, paid to Bc~rn.wer In ~hc cvcn~ ot a pa~tiat taking of the Property, unless Borrower and Len<1e~
ahcrvix agree in writinR. therc shall hc apphcd t~ ~he wmc securcJ by this Mortgage such proportion af the proceeds
as k equal to that propoAion v-hich the am~,~i~t ~.f the cumc uti~~red by this Mortgage immediately priar to the datt of
Iaking hears M the fair market valuc of thr Pra~x rtv ~mmc~lc~tely pnor to the Jate of taking. wilh the balance of the proceeds
paid to Sorr+[-we~.
If the Property is ahand~•neJ h~~ H~~rm~cr .~r ~f af~er n~aice hy 1 ender t~ Borrower that the ct~ri3tmnot of~ers to makt
an award iir ~et11e a claim (ar dam.~tir.. R~~rn~wc~ Luh ~~. rr~~x.nd t~ 1 ender wilh~n 10 days atter ihe date such notice is
maded. [_ender ic a~qhorired to coUect and :~~~~h ~he pr~eeJ~. at 1 ender'c ~.pti~n. eilher to restorxtion or r+epair of the
Propcn~• or t~~ thc wm~ .rc~eral h~ thi~ !~t„rtF:~E.c
tlnlesc 1 ender and Borr.~wer Mheru,ce aFrre ~n ~ri~me am• ~urh ar~lica~i~~n of pr~ceedc tn principa) shall not extend
rr poctpc~ne the duc daic ~•( thc mnn~hlv inu,~llmenta rcfcrred to in paragrapha 1 and 2 hercof or change the amount of
a~ch ~nstallment~.
10. Ibrrower Not Relened. litlencinn af Ihe I~nie (~~~ pa~meM ~r m~~dification ot amortization of the sums securcd
by Ihi~ M~~rtgage qrant~it hv 1 ende~ t~ am~ cucce~u~r ~n inlere~t of p~rrower ~hall nr.~ operate to rcleau. in any manner.
the l~ability o( the o~i¢inal B~irrower and B~•rrow•er'a tuccrts~~r~ in interet~ t enJer ~hall no1 he sequirtd M rnmmtnrt
pr~~cetding~ againct a~ch tncrecsor o~ rcfu~e tc- ettenJ Iime fo~ paymeM ~r AlI1ffM~i« modify amnrtizahon ot Ihr wms
se: ured h~ thi~ Mongage by reax~n ~f ~ny *lemand made he th~ ~rieinal Rormwer and B~~rr~wer's soccestorc in inlerett.
' 11. Forbtarance 6y I.ender Not a Waiver. An~ t~.nc~arance hr 1 ender in e~erciainR ~any righl or remedy hcrcunder, or
~~therwi~e af~urde.f h~~ applicahle law. chall n~t he a waiver of c~r preclue~t the erercite n/ anv such right or temedy.
The pr~xurtment of insurance nr Iht payment of ta~ec c.r s.ther henc ~~~ chargee h~- 1 en.~er cha11 nat be a wa~ver of I.ender's
right t~~ acrclerate the maturity of ~he indehlcdne~c ~ccured h~• thi~ Monga¢e
12. Rea~tdies ('nmulati~e. All rcmediec provided m thic Mc~rtgaRe are distincl and cumulativt to any othtr right or
remedy under th~~ Mortgage ~~r aB~rded h~• (aa• or eyuit}•. :~nJ ma~• !x eterciced rnncurrently, independenQy or succecsively.
~ 13. Srcerssors snd AssiRes dound; Joint snd Several I.iaMlitY; Ciptb~. The covenants and agreementc herein
rnntained chall hind, and the riRh~c hereunder shall innre M. Ihe tecpective succe~corc and azsigns of [.ender aod Bo~rowtr.
subject to the pmvi~ionc of parag~aph 17 hereof All covcnants and agreementc of Borrower shrit tx joinJ and stveral.
The captions and headingc ot Iht paraeraphc ~f thic Al~rlgagr are fnr rnnvenicnce only and are not to tx uttd te
mterprct or de6ne the pmvi~ic~nc fiere~f.
1~. NWke. Etcep~ f~,r any no~irc rcyiiired unJer applicahle lav-~ to t-c Rivei~ in anothcr manner. (a1 any notice to
&~rrower pro~•ided (or ~n thic 1~ti•rlga¢e ~hall he g~ven i~~• mailinR ~uch nc.tre~ by crrt~fied mail addrecced ~o Bnrrnwer st
Iht Pro~+erty Addrees rn at sucb ~.ther addre~. ac Ai~rr~~wer mav deciRnate h~• n~hce t~ 1 enckr as provided herein, and
(bl am• notict to Lencier shall he given hy eertified ma~l. return rece~p~ reyueuecl. tc. t ender'c addrecs staled herein or to
~uch other addrcsc as Lender ma~~ deci¢nate h~ nM~ic ~~~ Bi.rr~~wer as pro~~deJ hercin. Any na~ice provided for in ihit
'Nortgage shali he dtem~d to ha~c bcen ~erren to H<.rn~..cr ~~r ! cnd~r when ¢~v~n in the manntr de~ignated herein.
1S. Unifonn Mort~a~e: Covernin~ I.aw; Se~er~l„lit~. ~Thie f~rm of mortgaR~ rnmhines umform covenantc fer national
use and m~n=unif~.rm co~tnam~ wilh limi~eJ ~ar~at~~~n~ M ~i~r~~.li.tion to rnnstitute a uniform security instrumeM covering
rca) property This MortgaRe shall t-e gi~verned hv thr iaw ~( the ~uricdich~n +n Khizh the Property ic located. In ihe
e~•enl that any provis~on c.r clauu of thic Mt.rt~agr rr ihe N~.te c~nflictc with ap~:licable law, such conflict ~hall not aRect
olher provisions of th~c M~irlgage .,r Ihe N„tr ..h~ch can he g~~•en ef(ect uith~ut 1ht conP:ic~ing pravicion. and to this
end the provi~ions ot the Mc•rtgage and the tii.te arc Jci I.-red ti~ he ~everahle.
16. Eomowrer'~ Cop~~. BOff~1K'Cf ch~H Ix furn~~heJ a cnn(~rmed aipy of the Note and of thic MortRage at t~e timt
of e~ecution or a(ter rcrnrdation hereo(.
17. Trsaster of tAt Property; Acsumplion. If all ~r any part ot th~ Pr~~peny or an ~nterest therein ic c~ld or trantferrtd
~y Borrov-•er w~thout 1_e~der's prior wnt~;n ~~~ment. e~cluding (al tht creatinn of a tien or encumbrance suAordmatt to
th~s Mortgage. (hl the crtat~nn of a purchace mrnev ~eci~r~ty ~nterest f~r h~uuhold appliances. (c) a ~rant(er hy devix.
descent or M• oF+eralion of law upon Ihc Jcath c~( a i~~~nt tcnanr c.r /d~ tht gran! of any leasehold intercst o( thrcc ycars or less
not containing an option ~o purchase. [ enJer may~. a~ I ender'~ option. decl,,re all ~he wms secured hy this Mortgagt to be
~mmed~ateh• due and payable Lcnder chail h~.c ••.u~rd c~rrh opticm to a:~rlrrate ~f, prior to tho cale or ~ransfer. Len~ler
and tMe persc•n ~o whom the Proprrry i~ n~ he .~,I.I nr tranc(erred reach agrrrment in wrning that the creJi~ ~f wch penon
n satis(actory to l_ender and that Ihe iMerr.t pe~able on the sumc cecured by this Mortgage shall be at such rate a~ I.ender
shall request. It l.ender has waived the op~~c.n t~ accelerrte provid~d ~~ this paragraph 17, a~d if Borrower'i ~uccessor in
~nterest hac executed a wntten ascumpr~on agreement accepted in wriang by I.endtr. I_ender shall release Borrower from all
obhgat~ons under this Mortgage and the Nrnr. - -
If I.ender exercius such opt~on t~~ acceiera~e, I.enJer ehall m3il Borrower notict of accelera~ion in accordanc~ ~~~~h
paragraph 14 hereof. Such nohce ~hall prov,de a per~~xi of not Icss than 30 days from the date the notice is maile~ Kiih-n
wfi~ch $orruwer may pay ~he sumc derlared due If Borrov-er (a~lc io pay such soms prior to the expiration e~f wch pencrd,
Lt~der may. w~thouf further not~ce ~r dcmand on H~rroaer. mvoke ~ny remediu perm~tted by puagraph 1R hercof.
NOFf-UNIFOIIM COVENANTS Borrower and l.ender (urther coven~nt and agree u tollows:
ls. Accelcra~ioa: Rerr~edks. E:cept as pro.ided in psn~~ 17 hcreof. .~. s~•-~r: en,rr or ,~y ~o.~wswt or
a~-eca~tet of dorrower in this NortRa~e. includin~ Ihe covenants to p~y wAes due aoy saens secu~ed yr this MortRs~e, I.endrr
prior /o accek~stba sh~ll mafl notke to Eorrower as provided (a parssraph 14 Aereot sperityin~: (f ) tAe brr~c'A: 12! the at~bw
requfred to cnre srcb bresch; f3) a dat~. not kss than 30 days /min tlx dste tAe notice b a~alkd to eonower, br wbkli src~
beacb mwt 4e c~red: aod ~~) ~hat t~ilure to curc soch bresch ow or eetwe the dale specil'ied in tAe notice msr resuM i~
•ccekratioe ot Ibe so~as sccured by Ihis MorlRaRe, fwecbwre by judic{al proceedi~ n~d sde o~ 1he rwperty. 71~e natice
shall frrther intorm dormwer o( the riRht to reinsfatt Nter sccekt~tion and tbe ri~ht fo a~rerl iw /he /oreclosore Moeeedl~
t~e eoe-tzistenct d ~ defauk or anr dAer defense of aorro~+er to actekrstbn ~nd tortclosore. It tbe•Are~cb is nM cortA o~
or before ~he date sPecified ia thc nolire. l.ende~ ~t t ender's opl{os wwr declue all d tbe s~u~s set~red by tAls MortRaRe to be
imiwediatdy due and p~yabie witAoul turthes dem•rnd and may foretbse th[s Mori~a~e A~ ~dicial proceediw~. I.ender .~AaN
be eatided to cdleci in wch proceedinR aN expenus nf toraloa~re. Fecludin~. Aut wo/ litnited to. nasonsbk stt.~rncr's fees.
and costs ot doc+risealary eridence. ibslrscLs ~nd ~itle nports. .
19. Sorrower's Ri~hl fo Reinstsie. Nu~w~th.i.mdm~: l ender'c accelerat~on of the sum< <etured by ~h~s ~lortgagc.
Horrowtt shall havt the r~ght to have em ~r~kcrd,nc. tk~un h~ Lender t~~ en(~~rct th~~ M~~rtga¢c d+scoM~nutd ~~ am timt
s~~x349 P!GE?591