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1 rnJrr'c Hril~cn agrc~m~nt ar :~pp6rablr laa. Burruw~r ~hall pa) Ihr amvunt ~-t all mortgagc imur.~n~~ p~cmiumc ~n thc
m:~nn~r pr.~~•idr.t und~r paragr~ph 2 tKrCOf.
Any arp~~unK Ji~hurscd b~' I.cndcr put~uant 1.~ Ihis pat.~graph 7. Hi~h ~ntrm~t ther~~-n. ~hall Ixa~m~ addilianal
in~lchtrdn~c. ~,f Bu~raHC~ ~ccured b~• thi~ !11un~a~~. l'nle~~ Rorr~-~~ot :~n.l I~n~lcr ;igr« t~. ~thrr tcrtnc uf pat•mcnt. cuch
am~aint~ .hall hc pa~•aMr u{x~n nc~~irr fr.,m 1 rndcr ta Hnrr+,~~rr rryur.tine ~~a~•m~n1 Ihcrr~~f. and .halt tx:u intrrrct fram thc
Jatc ~~f di.bur~menl :~1 thr r.~tc p:i>:~hlc R~~m timc t~~ timc ~~n ~~utstandinR prin~ipal undcr th4~ N~•t} }~nl ~~~ payment of
intcr~ct at surh ratr aoul~l t+r cuntran• ~~~ appli~ablc law. in ~~hich cvcnt ~uch am~umc .h:~ll helr 3n~Cn;st at+ll~c highcct ratc
~xrmissihle und~r ap~licablr la~~~. T~'~ahing c~~m~ineJ in thic paragraph 7 ehall require l ende~ ~o incur am~ e~{xnce c-r take
an)• actian hcrcundcr.
R. Inspeclion. 1 ender ma~• makr ~~r ~au~c to he maJ~ reaconahle entrie. up.•n and i~~pecti~~nc.~f the Pm~xrty. pn~~•id~d
that 1 rnder chall gi~•r BurroH~cr n~~ti~e pri~~r lo any wrh inc~x~li~•n ~pe.:if~~ing re:~sooable caote Iherrf~~r r~lateJ ti- I.ender's
intcrcct in thc Pmpcrh•.
9. Condemnaliun. The ~r~keed. ~~f am• award or claim f~~r ~lama~rs. dire~~ ur ~~.ncequcntial. in ronn~titi~.n with any
condcmnaliun ar ~~thrr taking of thc Pn,pcrty. .-r part ~hcrcof. or for com•rya~rc in licu of c.~ndcmnatiun. ar~ hcr~h~~ ac.igncd
an.l 1h:J1 I+c paid ~~ Lcndrr.
In ~he rvent of a Ic,tal t~kin~ of th~ Ar~~~xrl)~. the pnkee.tc ~hall he applird ~~, ~he wmc ~cciired hy thie ~lortgaQC.
with thc crrccs. if any, p;~id to Bi~rr~~H~cr. ln Ihc cvcnt ~~f a rariial takink .~f thc Propcrt>•. unlc~c R~~r~~~~•~r and 1_endcr
c.therwiu agree iti ~~ritin}.•. Ihen shall he applied ~o ~h~ wmt tiecurcd h~• thi~ M~rt~a~e .uch pn~M,r~iun i•f Ihc prcxeedc
as ic cyual to that pro~~rtian -~hich th~ amount o( ~hc ~uni. .c:unnd hy thic \1~~rtgair imm~di:i~rl~• pri~v ~~, ~hc datc ~f
taking hcarc to the fair mark~t valur of thc Prupcrtt• immcdiatcly pri~-r to thc ~latc ~~f takin~, wi~h thc hal:~nrc of thc prcKCCds
paid a~ Borr~wer.
If thc Pmpert~~ ic :~bandon~d h~ 8~~rr~acr, or if. aftcr m~ticc hv I cnder tn Barn+wcr ~hat ~he c~ndemnt-r ~f~crc to make
an :~w:~rd <-r ~cltlc a claim for damag~~. Bi,rri~w~r fail. i~~ rr.~w,nd t~~ 1 rn~lrr ~vithin ~fl il~~, :~I~rr thr .l:~tc .u:h n~-ticr i~
mailcd. i.c~dcr i~ authori~cd to collcct and apph• thr pr~xrcJ~. at I.cndcr'. ~~rtion. cithcr to rcctarati~~n ~~r rcpair of the
Pro~xn) or to Ihc tum> >rcurcd h~• thi~ ~torlgagc.
Unlcc~ l.endcr and Borruwcr uthcrwik agrcc in ~+ritinz. am- such ap~li~ati~~n ~f prc.rrcd~ ~~ prin~ip.il .hall n~•t c~tend
or ~xwFx,nc thc duc d.~tc ~iJ thc monthl~• ins~allmcntc mfcrr~d ta in p~racra~h. 1 and ' hercof c~r rhangc Ih~ am~~unt of
cuch inslalhnents.
10... Borrower Niot Released. rrtencion of the time fc~r pa~•ment ~r mc~dificati~~n ~f ame.rtiia~ion of the ,um~ secured
b~~ thia ~1lottiagc grantcd b)- I.cnJcr !o am• ~uccc~wr in int~rr~t of Bc•rr~wcr .hall not ~~~xratc to rc0easc, in any manncr.
Ihe liahilily ~~f the original Bor~oHCr and Rorrow~cr'. sur~e~.~~r. in imere~~. Lender ~hall n.~l he rcyiiirrd t~~ rnmmence
p~~x-ec~ling~ against such succea~~r ~u refu.c ~o c~~rn.l timc f~•r pa~•m~nt ~~r othcr.+i~ m~•Jif}• :~m~-rtiiali~~n af thr sums
serurcd hy thi~ ;~lortFagc hy macon ~~f am~ dcmand madr M• tS~< <.ri2inal Rorr~~wcr :ind B~.rn-w•cr c~+~rc«~~~ri in imcrc~~.
11. Forbearance b~• I.ender \ot a R'ai~~er. Am fnrFtiaranrr hr 1 rnclcr in c~crci~in~ ar.~• right .v rcm~d~' hrr.~~ndcr. ~r
~Ihenvise afforded by appli:aMc faw. ~hall n~t hc a w:~i~cr i~f ~.r preclude the e~erciu c.f am~ .uch rieM c.r rcmed~•.
Thr prckurcmcnt of insurancc or thc paYmrnt c•f ta~c. ~•r ~~thrr lirns ar charg<< hy I~ndrr .hall not Fx: a~~:~i~'er ~~f 1 cndcr's
right 1~ accclcratc thc maturil~• of th~ indchtcdnc.~ .e•_urrJ h~• thi. \i~~rtgat~c.
12. Remedies ('umulati~•e. :11i rcn~cJicc pr~•~ idrd ~n thi. \I~~~~ea~c arc diciinrt and rumulati~•c t~ :ui~ ~~ther ri~ht ~r
rcmc~l~• undcr thi~ Mur~ta~r ur aff~~rdrd h~• law ..r cyui!~. aml m~~ Ix ~~crci.~d runcurrrnth•. indc~xnclcntl~• ~,r uirr~..ivch•.
13. Succecwr~ and Atsi~nc Bunnd; Joint and Se~eral I,iabilih•: t'aptions. Th: c~,~•c:iant. and azr~rmcnl~ hrrein
containrd ~hall hind. :md thr ri~ht~ her~under tihall inure tc~, the n~~:cti~•e succeti~~~n and atitiign~ c.f LenJrr and Bi~rroHCr.
suhject ta th~ pr.~~i~ic-m ~f paraKraph I7 hcrcof. All ~o~~~n:uih anJ :+ercrmcnt~ of RorroN•cr shall Fx I~~~~~~ :ind ~e~'eral.
Thc ~arlium and heading~ c•f tfic p•rrai~aph~ of Ih:c !11~r1~.i~r arc f~r rcmvcnicncc ~~nh• anJ arc n~~t t~~ hr u~cd to
intcrpret or dcfinc thc rm~icionc hcrcoE.
14. ~Mice. E~re~+t fc~~ an}~ nMi~e rcynircJ undcr applicahlr I:~~~ t~~ tx ~i~•cn in an+~ther manncr. (at :u~~• notire to
Ri-rraw•cr providcd f~-r in this \tor~gaec ~hal) hc gi~~cn h~ mailin~: wch nuti~c h~ c~rtificd mail ,~ddreti.rJ t~~ Bixmwcr at
thc Pm~xnp Addrec, ~u at ,uch ~uhcr addrec. a. Burn~wcr m.~~• dc.ien:~tn c~ n~uicc t~• 1 rndcr ac pr~~vi.lc~l hcrein. and
Ih1 :~m notirc to t.cndcr ,hall txt ~iven h~• crrlificd m:iil. rcturn rerript rcyur.trd. a~ I cndcr'~ adJrctiti sr.~trd hcr~in ~~r to
such uther addretti a. 1 rnJe~ ma~~ dreignate b~~ nrtire t„ B„rr~~w~r aa pr~~~ideJ hcrrin. •~m• ~~~,iir. pr~~~•~d~J fur in thi~
~1c-rlgagc shall tx ~iccmcd t~~ h:n~e l+~~n givcn !o Borm~rr ~u (~nclrr ~~iirn gi~•~n in Ihc manncr dc~i~~at~d hcrein.
I5. L'niform ~toriR•r~e: Co~~ernin~ I.aw: Severabilih. 'fhi. l~~rm ~~f m~~rtga~r ;~~mhinrc unif~~rm _•c~ven.int: f~~r natie~nal
usc and non-unif~~rm c~~~•~nanh ~ith limitr.i ~•ariaiiun. M• jnri.~l~~ti~.n t~~ c~,n.titutc a unif~,rm ~r~urit~• intitrumrnt r«vering
real propcrh•. Thi. ~t~~rtgacc shall h~ cu~~r~rJ h~ tht I.~u rf ~h~ iuri..lirti~~n in ~~hirh thr Pr~~xri~~ i, I..~:~Ird. In thc
eeent Ihat am~ prc-visi~~n ~r rlauk ~-f thi. ~tortgag~ rr ~hr \~~!r ;~~ntli~t. .~ith apptir.ihle law. ~iinc ~~~nflict .hcdl n~t atTect
~~thcr pm.,.i~m~ af thic '.11c~rt~agc ur Ihc ~~~tr ..h~ch ~.ui f.i _~~~n rfircl t.i!huut thc ii~n11ii1ine (-rmi~i~~n. and to this
cnd ~hc pn-~i~i~.n~ ~i thr ~1~,rtcacc and thc \~~t~ arr ~Irrl:~rrd t~~ hc .~rcrahli_
16. &-rrow•!r's Cop~. Borr~~~~rr ~h:~ll ~ furni~h~J .~ i~~nf~~rmed ~~~~ic of thi \i-tr .m~l ~~f thi~ ~1ittlL:~gc at ~hC timC
af c~rcntion ~~r aftcr rrr~~rdation hcrcuf_
17. Transfer uf thc Pmpe[t}: :1~~un~ption. If all ~~r an~ ~..~r~ „f the Pn.Ex-r~t• ~~r an intcrcu Ihrrein ic .:.Id ~r tran~ferrcd
h}~ Bormwrr ~+iih~~ut Lrndcr's pri~,: ~.+ittri~ ~an~rn!. c~cludin1 ~.~~ thr ~rrati~•n ~~f a licn or cnctimhrancc ~utxirdinatc.to
thi. Mortgagc. Ihl thc crcation ~f a purcha,~ nwn<< .r~urit~ mtcres~ fi~r huu~ch~,ld appliance~. (c1 a tran~fcr h~• dt~ise.
de.rent or h~~ o~xration i~f law upe.n thc dcath ~~I :~ j~~int tcnant ~~r (~li ihe crant ~~f :~m~ IraxhoW in~crest ~~f threc }~rars or Icss
nn~ ronlaining an optiun 1~ nurcfiacr. 1 cndcr m:n-. :~t 1 rn~rr'. ~.pt~~~n. dcclarc all thc tiumti tic~i~rcd M• this ~lortgage t~ F~c
immeJiatch• duc and pa}~ahlc. 1 rnder tih:dt havc ~-ai~rd •i~rh ~~pti~~n t~. acrrlcr:uc if. pri~~r to the ~alc i~r transfer. LcnJer
:~n~l Ihc ~xru~n to whnm thc Pro~r~~• i. 1~, I+r «~1~1 i~r t~.in~(~rrcJ rrarh .igr~rmcnt in writing that thc ~re.tit of ~uch pcrcon
i~ saticfacton t~ t.cn~irr :ind th:it the interr.t pa)ahle ~~n th< <um. ~rrured h~• thi. ~lortuace chall he at curh rate aa Lender
shall request. If 1 ender has wai~~ed thr c.ptii~n t~~ acccler.ne pr~.~•idrJ in thic para,raph 17. anJ if Borrow•er's ~uccessor in
intrr«t ha~ e~ecutcd a w•rittcn ascumpt~~~n agrcement arrertcd in uritine h~• (.ender. LenJer ~hall releace Borrow~er from all
ubligati~ns undcr thic M~~rteaLC and thc N~~tc.
If Lender e~erci~e~ w~h f~pU~~n ~~~ ar~rler:~te. I en~irr .h:~IJ rn~il B~~rrc»~er nutice ~f arceleration in arcordance w•ith
paragraph 14 hcrcof. Such n.~ticc .hall pruviJc a r:: i~..l ~~f nn: Irc. than ~n da}•. fmm thc datc thc noticc ic mailcd within
which Bc~nuaer r,~a~• pa~• the ~um~ declere~l dur If li~~rr~~~+er f.:ih ~a pat~ ~u~h ti~~m~ prior t~ thc e~pirati~n uf Surh pericxl.
LcnJcr ma}•, withaut f~irthcr nMirr ~~r ~cmand ~~n Bnrm~rr. im~c,{,~ ~m rrmcdics pcrmittc:i h~• raragraph iR hcrcof.
~ION-UNIFORM COVEV.a~TS. Borrowcr and Lcnder further covenant and agrce as follows:
18. Acctlerafion; Remedies. Fxcep! as pro~~ided in paraRr~ph 17 hereof. npon Borrowers breach of anY corenant or
~reement of Borrower in this MorfRaRe. includinR Ihe cocenanls to pa}~ when due any sums secured by this MorlRa~e, Lender
prior to acceleralion sball mail notice to Borrower zs pro~•ided in paraRraph 14 hereof specifying: (1) the breach: (2) tbe actan
rcquired fo cure such breach; (3) a date. not less than 30 da}s from the date the notice ts mailed to Borrower. by whicb soch
bre~ch musf be cured; and (4) that failurc to cure such breach on or before the date specifitd in the notke may resWt in
acceleration uf t6e su~ns securcd by Ihis MoNgage. foreclosure b~• judicial proceedlr~ and sale of the Property. 'ILe notlce
shail further inform Borro+ser of the riRht to rcinstate afler acceleration and the right to asseN in the toreclosure pruceedi~
the aon-existence ot a defauN or any other defense of Borrower to acceleratlon and foreclosure. if the breach is not carrd on
or 6efon the date specified in the notice. I.ender at [.ender's optbn may declare aU of the snmc secored 6y this Morigaqe to be
immedLtely due aad paya6k withont turther dem~nd and may turcclose this MortRage by judicial proceedlnR. Lender shall
be eotitled to collect in snch proceedjrq~ ap e:pe~ues of foreclosurc. including. but not Ilmited to, reawnable attwney's fees.
and costs of docuenentary evldence, abstracts and tilk rrports.
19. Borrower'a Righf to Refactate. Notwithsta~ding LenJer'c acceleration of the sums serured by this Mortgage.
Borrower shall have the right to have am~ proceedingc tx~un hy l.enJer to enforce this Mortgage discontinued at any time
B~K348 Pa~~1389
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