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1 rndrr'c wnurn agrermcnt ur :I~l~)I~~:lt/~C ItlM' BUffOKlf shrll pay thr am~~um ~~( .~II m~~~tga~;~ in+ur:+nrc premiumc in the
m~nnrr pr~~v~dr~l undcr ~ar.~~raph ' hrrco( .
An~~ amc~uni, di,h;~i.rJ h~ LrnJrr {+ur~i~ant n, tfiic p.ir.~~ra~h 7. ~-~th mirrc,t ~hcrrun. chali hc~ume add~hanal
in~lrMrdnr» .+f Huir~~~.•r .rrurcd h~ ~h~. ~1ur~~~~c t'nk.~ R~~rn~Hrr am) 1 rnJcr .~R~cc l~ Mhc~ lctm~ ~~( ~~avmcnt, such
am~~un~+~hall t+r pa~ahlr up.~n n~~~i.r /n~m 1 rnder ~~~ B~~~ruNrr rryur.tin~ pa~~mcnt ihcrrul, and tihall t~ear intcrect fmm the
date o( di~hurKmenl at the ratr p:~~•ahlr Ir~~m timr ti. ~ime un ~utetandinR principal under ~he Nc~te unletc payment of
interect al such ratr would he r~~ntrar~• a~ appli~ahle la... in ~hi:h rvent ~uch amuumc ~hall hear i~lerect at the highect rate
permissible under applicable laK \~+thing :unt.~ine~i in Ihi~ p.~ragra~h 7~hail reyuire 1 endcr tn incur any expenu or takt
any action hereundcr. . • ,
8. Iaspectao. 1 en~ler ma}• m.,-.r ~~r :.n~,r h+ h~ m:~dr rra~onahle rn~rie~ u~xm :+nd incExctionc of the Property, provided
that I ender sh~ll ~~vr B~~rrower n.a~.r p~~~~r tu am .~~:h mtipecU~~n ~pec~fy~ng « esonable cause therefor related to Lender's
intercu m the Pro~xrt~~.
9. Coademnation. The pnx~ed< <•f ~m• rMard or claim for Jamages, dircct or rnnsequential, in connection with any
condemnation or olher taking of ~he Pruperty. ar pan therrof. or for conveyance in lieu of condemnation, are hereby sssigned
and shall be paid to 1_ender.
In the event of a total lakinq of tF-e Proper~y. the prckeedz ~hal) be applied to ~he aims secu~ed by this Mortgaqe. ,
with the eXCess, if any, paid to Borrower 1~ thc cvent o[ a partial taking of the Properry, unlcss Borrower and Lender
olherwiu agret in writing. there shall he applied ~~ ~h~ cumc ucured b}° thit Mortgage ~uch propc-Nion of tht procteds
as is equal to that pro~rtion which thc am~~~i~t ..t ~he sumc uc~~red by thic Mortgage immediatel}- pri~r to Ihe date of
taki~g bear. !o the fair market valur uf thc Pr.~~rt~ ~mmc~1~:-tely prior t~ the date of taking, with the balance of the pro~'teds
paid t~ Bormwer.
if the Propert~~ i~ ahaod.~ne.i h~ R~~rrc~..rr..•r ii .~fter n~~!ice hv 1 ender tn R~rr~~w•cr that tfie rnndemnor offers to make
an award or c~iNe a ~laim ~i~r dam.~er~. B~~rr~~wrr (.,~I. t~~ re~~~nd t~~ 1 ender w~thin z0 day~s afttt the date such notice is
mailed. l.ender i~ auth~ri7rd tc~ ci•lle~e and ,~F !~ The prc.ceed~. at l.endert ~pti~n. either to restoration or rcpair of the
Property or tc- thc ~um. .r.urcd h~ ih~. \1~•r~~aec
l.'nlesc ! ender and Borru~rr otherv~~.r agree ~n ~rihnc. am~ cu~h applicati~n of pre~ceeds to principa) ~hall not extend
or ~xtpoac thc du~ d:~tc ~,( thc monthl~ inctallmcnt~ r^terred 1~ in paragrapns 1 and 2 hercof or changt the amount of
auch installmentc
lA. Borrowe~ Not Releaced. Extcn~ion of the t~me for payr~em or mc.dification of amortization at the sums secured
by this Mongage ¢ranted by 1 enJer to am~ cuccecccx ~n i~terect of Borrower ~hall not oE+erale to rclease. in any manner.
the 6ahility of the ori¢inal Borrower and Borrovaer'c surcecu.rc ~n interest Lender ~hall not be reyuired to commtnct
rroceedingc aga~nct auch cuccecsor or rcfux to e~tenJ t~me for pavment or other~-•icr modif~ amortizat~~~n of thr ~~~ms
cecured h~ thi~ MortgaRe hy reau~n of arty dcmand madr b~ thc ~rieinal Rorr~~wer and Borr~w~er's successorc in inlerett.
11. Forbearanee 6v l.ender :\ot a Wai~er. Am f.~rhearance h~ Lender in e~erc~cing am• right or remedy here~mder, or
otherwist atTorded h~• applicablt law. shall not t~e a waiver c.f ~r preclade the erercise of am~ such right or remedy
The procurement ~f insurance or Ihe payment of ta~ec or other heni or char¢ec M• I ender chall not tx a~aiver of Lender's
right ta accelerate the maturit~• of the indehtednets ~ecured hc thic ~lortga¢e
12. Remedies Cumulative. All rcmedies prnvided in thit Mortgagc arr d~stin:t and cum-:lative to any other right or
remeJy under thi~ Morteage or afi~rded hy lau~ or equity. a~d ma~~ he e~erc~~ed ~oncurrenUy. independently or succecsively.
~ 13. Successors and Assi~ns Bound: Joint and Se~eral I.iabifity; Captionc. The covenants and agrcements herein
contained chall bind, and Ihe riRhts hPreunder shall inure to_ the retpecti~~e sucee~corc and ascigns of [.ender aad Borrower.
subject to the prm~isionc ~f paragraph 17 hereof. All covenams and agreementc of Borrower shall be joiry and uveral.
Tht captions and headings of the paraeraphc of ~hic 1-1~rtgage are f~r convemence only and are na to be used to
interpret or define the pmv~~ionc her~c•f.
14. Naiee. Excep~ for am~ n~t~:c rcyuired under ~pplicahle law to bc given in another manner. la) any notice to
Borrov~•er providtd for m this '~lortga¢e ~hall he g~~~en h} mailinc ~uih natice b} cert~fied mail addretud to Bormwer at
the Froperty A~drecs or at such .~:he- addre~. as B~~rmwer ma~ dre~cnate ht n~~ti~e t~ Lender as pmvi~.d herein. and
(hl am~ notice to I.ender shall he g~~~cn hvi cer~ifrcJ ma~l. return rece~{+t requected. t~ 1 ender's addrecs stated herein or to
~u:h other addresc as Cender ma~ dc~ienate h~ n~~t~re t~~ H^rr~~~er as pro.~deJ herein Am• notice prnvided for in this
Mortgage shall he deemed t~~ hac~ hcen F+~en to B~~rr.~wer .~r 1 rnder ~hen giti~en in ~he manner designated herein.
iS. [iniform Mor1R~r. GoverninR I_~..; Se.erabilih. Th~~ (.~rm ot mongage rnmh~nes uniform covenants for national
use and non-uniform :~~venam. with limit~d variati.~n. h~ ~c~ncd~cUOn to conshtute a un~form secunty ins~rument covering
rcal property. Thit 41ort¢age shall be F~~~trned hv ~he laa c+f the ~uncdicUOn in which the Property is iocated. In the
event that am~ prov~von ~.r clau~e of th~. ~1c•rt~aee ~~r the ~ote conflicts Kith applicable law, such conflict shall not affeet
other provisionc of th~c ~t~rtga~e or thc \~~tr ..h~;h ~~n t+e g~~en efTect ki~hout the conflicting pmvicion, and to this
end the provi~ionc ~f the ~1~rtgagc and thr ti~~te arc ,Iccl.,red t~~ he ceverahle.
16. Borrowers Copy. Borru~er ~hall t+~ furn~~hr.l a c.~nf.~rmed c~~p>~ of the Note and of thic Nortgage at the timt
of eiecution or afte~ rec~~rdati«n here~~f.
17. Transftr of tht Proptrty: Accumplion. If ali ..r an} part of the Pr~~peny or an mterest therein ia s~ld or transferred
by Borrower ~-ithout t_cnder's pn~.r ~n-~;:, .~~n~rnt ru!uding ta- the creation of a licn or encumbrance suhordinatt to
th~s Mortgage. (h- Ihe creat~~n ~~f .~ p~~r~i~a.r me~nc. ~ecur~tc ~nterect f~~r he~uuhald aDpliancec, (e- a trancfer h~• devise.
descent or hy operat,on of !aw upc~n thr .icath .~1 ., ~~~~nt tenant ~r (d: tht grant of an~ leasehold interesl of !hrec yca~s or less
not containmg an opti~~n t~~ purchase. 1 en.!er m.eti. ~~ t ender'c i.p!~~~n. derl.~rr ell the sums secured h~~ th~s Mortgage to bt
immediatel} due and pa~ahle 1~ndrr .hell h,,.c N,,~~rd su~h opron ir :+..r~~rate ~f. prior to lhe cale or trans(er. Lendet
and the persc+n tc. whum the Pro~+ert~ ~. i~~ hr .~~!J ~.r tr.,nsferrrd rea:h ~g~rrment in wnhng that the credrt i~f wch per~on
is satisfactor} ~~: t enJer and ~hat Thr ~mrr~.~ na~eb~e .~n the sumti ce:urtd h~ thi~ ~lortgage shall be at surh ra~e ac l.ender
shall reyuest. If l en~fer has Ka~~ed thr ~~p~~~~n ~~~ ~ccelerate pm~ided ~n this para¢raph 17, and if Borrow•er'> >uccessor in
interest hac executed a v-ntten aswm~+u:~n egrctment accepted in wnt~ng by I.endtr. LenJtr shall ydtace Borrower frnm all
obligat~nns unJcr thic Mortgage and thc ti.~tr
If Lender e~erc~cet ~uch opt~un t~~ a,.r~erate. I enJrr .h~ll mail Borrower notice of acceleral~on in accord:+nc. ~~ ~ih
paragraph 14 hereof Su~h nuuce sh.+ll pr~~v~de a~xr:.:~ of not less than 30 dayc f~om the date the notice ~s mailed v-ith~n
wh~ch Borrower map pa} the sume Je.lared due I( Borruwer fa~15 to pay such sums pnor to the expitaUOn ~~f «~ch period.
l.ender may~. withc~ut further ne~t~ce c~r dcrnand ~_n Horruwer. mv~~1.t am remedies perm~t~ed by p~ragnph IR herrnf.
N~J^1-UT`IFOR!N CO~'FV~NTS 8orrower and t ender further coti~cnant and agree as follows:
I8. Acceleratan; Remedies. E:cept as pro.ided in paraRraPh 17 bereof, upon dorrone~s breacb of any covenanl or
a~rcemeat of Borrower in this itortR~e. includin~ 1ht co~ensnls to par when due any sums secured Dy Ih{s MortRi~c, t.ender
prior lo sccekrslion shdl mail not~cc to Borsor.er as pro•ided in parsgnph 14 hereot specifyin~: (1) the bnsch: !2) t6e adion
rcquircd to cure such bnach; 131 a date. nW Icss Ihan 30 days from the dNe Ihe nolice b maikd /o eorrower, sr wAich sucl~
bseach must be cnred: and (4) IhaY tailurc lo care sucA brcicb on or be(are ihe dNe speci{~ed in tht nolice may result iw
accckration ot ~6e sums securcd b~ Ihis !-1ortRs~e. tonclosure by judici~l proceedinR and sale ot 1l~e Propcrry. The nolke
shall turther intorm Borrowe- of tAe rixh~ to r~inclate atler ~ccektition and Ihe riRhl to ~ssert ia the torecbsnre proceedint
tbe non-existence of s dtfault or anr dher defence o( BorTOwer to accekrstioe snd torecbsure. ~t ~he brescA is not cored oe
or betore the date specified in the notice, 1.ender at 1 rnder's option m~r dec~ue all ot the snn~s st~~rrd by this MortRa~e to be
immed'utely due and pa~sWe ~-ithout further demand and msv toreclose thts Mort~a~e by judicW pweeedl~. I.ender chall
be enNtled to colket in wcA proceedin~ ail ttpensee .~i foreclocure, includin~, Dut aot Bmited to. retson~bk au~~r^r:'s fees,
and costs of documentary e•idence. abst~cts and ~i~le reportc.
I9, sorroMers Ri~ht to Rtinstsft. tiutw~Ih~~andin~ 1 ender't acctierat~~n of the wm< <ecured by th~c R7c,rtgage.
Borrower shall have the r~gh~ t~~ ha•e ~nti ~r~'~c~,i'•'~` "~±•"" i'~ Lcndtr tc~ en(,~r.e Ihti. ~1~nR.~RC d~~i„nt~nued a~ :~m timt
~ ~ ~ 35~ f ~~438