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..c'~?;7tI j .titiiiC~~ .I~j~ecrn r. . .1~!~)=~t.3U~!C ~dl\ ...;c't jlld+~ ~~~y ~ ~mount o! ail.m ~ICJ~~~~~~ ('~t~~r~ ' rr`
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Any ~muu~+iS ~~SLwSru ::y Lcr~e~ p~«~dni t~ !~~~s par~yr~~n 7. w~th ~nte~es! ihe+EUn. Shall bdcumr dCU~Gun~i
~ndebta~~»s5 oi E3urrc.,:,z+ sCc•.;+e~ t>y th~s Mu~tc~,~ye Uniass Bu+ro:.~r and Lender agree !o other terms ot ~~yrnent sucn
,~mounts sna~! be pay:iU~r ~{~un n~t~c~ trpm L~ncier to Bcnuwe~ reyu~st~ng payment thEreot ancS shafi hrar ~nt~~est trom tr~r
,tate ot ~~sb~r,c~~e;~~ :~t tr~e r~ta pa~auie ?rom t~me to !ime on outstanding pnncipal un~ier the Note unless ;~ayment oc
~nieieSt a15~~h r~]te .tivu!~ ve contrary to appi~cable ~a~ti~. ~n wh~cn e~~Crit suCh amounts Sn~it bea? ~nteres~ at mC c~~gnesi ra~e
~.~e+missi~~e u~~Ue~ a~p:~::::^~r ~,t:i Noth~ny coMame~i,n t+~~s parayraUn 7 shaii requ~re Lrnaer te ~ncur any Ez~;rnsa ta~~
any ~3CLOn nr!run~~r
8. Inspection. Lrn~r! rnay ma~e o~ caus~ tc be n~aae ~easonab!e entr~es upon and ~nspeCt~Ons Uf thr ~rU~eity.
prur•~ciec tnat tender sr~a I y~.r Burro+ti~~ n;;t~ce p~~ur tu any;ucn ~nspcct~on spec~tymy reasonabie cause tneiciur ~e:ate~ to
~en~er s ~n?erest +n t!~e Proptrty
9. Condemnation. T~~e procee~s ot ~iny a.varcl or ci~~m tor damages. direct or consequentiai. in ConneCtwn ~,r1~;ri a~ y
CGndemnd(wn Oi o?hei ldk~ny ;;t the P~~prrty v~ ;:~rt thereut o~ for conveyance ~n I~eu ot condem;~at~on. here~y ass;gnea
and sna~t be pa+tl to ~enuer
In the event o! a total taK~r,y of ;he FrCiprrty !he proCeecfS snati be appi~ed ro the sums secu?ed by trns ti4urtgaye
w~th the excess. ~f any pa~d to Borro.ver In tne event of a part~a~ ta~cing ot ihe Pronertv ~.~n~ass Rnrrnw~r :~;nr+ ~ o..,;~=•
othenvcze agree m wntmy; tnere snan ~e appi~ed to tne sums secure~ by th~s tilortgage such propo?t~on of tne pr~cC~cs
as ~s equa+ to [hdl prop0~tion ,~:n~cn ~ne amoUnt ot tre sums secured by tn~s Mortgage ~mmed~ate~y pr~or to tnz -~~ta u'
taKing Uears to the fai~ mar~et ;;r ?ne Pro~erty~ ~mmea.ately pnor to the da~e ot lakmg. w~th the o~lance os ti,e ~„u~~~~:~
pa~d to the Eorrower.
tt the Property ~s ab8nponecl ~y Borrower or ,t. atter not~ce by Lencier to Borrower tr,at ihe con~emner oflers to maKe
an ~warcl or settle a cfa~m fpr damages. 8o«ow~r ta~is to respond to Lender w~th~n 30 days atter tne date such not+ce ~s
ma~led. Lenoe~ :s aut+~onzed to co~;ect and app~~~ tne proceeds. at Lender s opt~on. e~~her ro resroraUon or ~epa~{ ot the
Rroperty o~ 'e t?~e sums s~cu~eci ~y 1h~s Mortgage
Unless Le+~ae~ ;+~,e B•_:<<::.er otnenv~se agree ~n :•.r.t~ng any sucn appl~cat~on o! proceeUS to pnnc~pal sha~~ n_t ex(e~~~.]
or postpone tne a~c ::a'e !^e mpnthly insla~~ments reterrecl to ~n par;~grapt~s t and 2 nereof or change the amount ot
SuCh tnSta~lments
10. Botrower Not Released. E x!ens~on ci !~+e !~me tur ~ayment or mod~f~cation of amertizat~on of thc s::r~~~ ;ccu~tu
r~; tn~s `.7o~tgaye grar~teo Ly lef~cier to any succe=se+ ~n ~~±ere;t ot Se~rower snail nct operate to ?eiease ~n any man,~e•.
tr,F ;~at~ :~t•, o! !!!e or~yi~}a: Borr~,ver and Borro.~er s ~uc=N~sor; ~nterest ~2'te1@c Shdii not be sequ~red te camme^=e
pcoceeo~nys ~gd~^5'. s~c~assCr o~ retuse tC extend timE br payment or otherwise modify amort~zat~on ut tne sums
secured by tn~s hlortyaye by reason ot any demand made by tne er~g~nal Borrowe? and Bor?owers successo~s ~n ~nterest.
11. Forbearance by lender Nota Waiver. Any torbearance by Lender ~n exer~~s~ng any r~ght or remeCy nereunaer.
or o+,he~ti:~se afto~e7ea ~y app!~cabie ~av: shail not be a:•r~~.rf ~1 Jr prec!ucie the exerc~se o~ any such nght ur remedy
The procu~ement o± ~nsu~a~,ce e~ the ~ayment o! taxeS O~ OI"C! ',en; ~r ~narges by Len:1e~ snaii net be a wa~ver of ! ender s
ngnt to acce!erate the ~atUTlly O~ me ~debteaness secured by th~; t,Aortgaye
12. RemedlesCumulative. A', ~emed~es prav!tled ~r. tn~s Mortgage are d~st~nct and cumulauve to any ctner nyr; or
remeay ;.~noe! th~s tiicrta~ge c;~ ~f!oru+_ ~~v ~aw or Fq;;~ty. and may be exe~c~sed concurrentiy. indepenc~entiy or succ~ss~~~ely
13. Successors and Assigns Bound; Joint and Several ~iability; Captions. The covenants and agreemen!s
he'ei" CU"'.d~~1C;1 S~d'' 0~•.'J. 3t1,1 ',•C •~~1ltS n@teLndc't Shdif ~'?;;1e lU. t~e respect~ve SUCCeSSO!S a'lU ass~g~~s U~
L~nUer ::7~U BO~!G:VC~r i r_, ir~E ~r :.:s~~r.s of paragrapr t i ne~eo? A~i covenants and agreements os Borro,tier ;ha~i Ce
~u~nt an~~ 5ever~, Tr,e ~~~h~ns anci hea~!~nys ot tne paragra~hs of Ihis ~~~ortgage are tor coven~ence eniy anU ~re nor. to be
used to ~nterp~et o? ae~~ne me ~rov~s~~~~s ~ereot '
14. Notiee. Exce~~ any nt.t:~~ -equ~rec: un~ef appi~cat~~e ~ar, to be given in anoihe~ manner ~a~ any nence to
EO!!v~ve' prO~idEd !Or in th S A,1r;r1g~~E Shdll bE c~i.en by ma~l~ny S;;Ch no(;ce by cert~hed ma~! ddClreSSr.v i0 Bo~tv.•,e' d!
the Prope~t; Addsess c~ d! s~::n cther aad~ess as Borrower may aes~ynate by not~ce to lenaer as prU.~c1EC1 her~r ~~i~'
~bi any ~~~?tce ro Le~~Ue~ sr,at~ Ue y;ven Gy certrt.ea ma~l. re!um rece~pt reques?ed. to Lender s address s±cted here~n ur tc
i such otner add!ess as ~ender may oes.ynate bv nohce to Borro:ver as prov~de~ nere~n Any not~ce prov~~eti for ir tn~s
Morigatle 5:,~~~ be oeemed to ,'~ave bCen g,ven to Borrcwer or Lender wtnen g~ven ~n the manner des:gr,ate~: nece~r.
15. Uniform Mortgage: Governing Law; Severability. Th~~ torm o! mo~gage comb~nes urito~m c~.ana~•'s
~ ' . ~ . . ;r. i, ~ ..~''r~ . _t.i .d d _ ~~'$~ii::t~• d .,r. J~rT. _ "~J~~~'f ~~iiL!' . _
i . . ~ . . . r' ' . .i'1 ~ , _ .i: clr` ~ilic ! 4:-.i~!1.1C3h S"'d4; U~ I!'~P ~ ?ilt' :tf'~ 11 ~ .."R, y'
. :'p - . ~C_.. . . . , . , , . _ r -n.. ~ ~'~1~•..IU:.` _:3~:~ 1.-~_}C'.1 f., tr,t~ '1 , - ir• . - '
~s' . . . : , ' ~ ' ' . • . ~ ~ , . . _ .r.. ~ . ~ , ~ .
'r, . . _ ' - , ' • • . . . . ~ ~ . . • , . ' . . . . . ~ . . ~ . .
~ , _ ~ . , ~ . . . . . . . . . •
16. Borrower's Copy. ~U~~G':~E' S'!~i'': bE `l:r'tiS~~E~d "d C~~~}O~ft"BU '~~py' rne Note and Of tY'i5 ~L~O''y~~~r d( lft~ f~'~:e
~ _ Nxec::! ,~r; cr a'te, •ec~~a~t , nzrevt
` 17. Transfer of the Property; Assumption. It or any Uart ct ~hc ProUerty or an ~nterest tnEre,n :s soiJ Ut !~utt~!r'rtt;
5 . ~
` c. E-;,• Le~~::cr : u~:~~r :.r ~t..•i CUnsent e•~ ic~!ng !ne C~edtiOn Of a 1;8n or EnCI;mD~3s}Ye S..L:;r~~^:~i~ ?o
th~5 P„1~rt~~aye `^e C'e~!i'~%! O! 3 pl;'C"~358 ~Ungy S~CUniy ~nterest ~o? nouseho!~ applid!1C~5. ~C? d ltdnS~~~ Dy dr'.~SB.
r
~ .;e,~en! by o;~e~,~„r: of a•.~ uuor, +i~~ ~~ath ~f a ~o~nt !enant Ur I~i t.^.E g~ar,! pt any ;uaser~o:d ~rteres? of r.hree yrars a{ess
~ nJ! ~~rt' i:~unq ~n opt~on to ourc^~;~- L~•+~er may at ~ende~ s apt~on aec~are a,i the sums secured by m~s Mortyage tu ~e
~ ~T•r^e~~~~~~~y Jue 3~~:.~ pa;~D!~ ! e~~1r~ ~•~~II have L~.a~.ed su~h op!~on ,o dccelerate ~f pnor to the sale or tran;fer. Lenae~
~!~e ro .:h~~rr r!~r F~vuer~, be so!d or tra~~ste~~ed reacn agreement ~n wr~nny that the crea~t o~ such pe~s~~~
~ >>a~,~'~~',~~•, to Le~~~ser !~~s~ ~e :~~+~•r~st payabie on tne s.,ms secu,ed by th~s Mortgage shall be at such rate as Lenae~
~
~ _ _ _ it ± F• c;e~ .<<: , ~ :n to acce~e~ate p~~v~cieci +n th~s Ua+ayraph t 7. and Borrr;:~e~ s saccessor ;n
~ ~';'•'~e5(' ~ ~'~t1 _ ~;~::r^:~~',~_ ~~tz6rTt~'li3L'Cet~ted ~n v:nL~iy by Lende~ Len~e~ snai, re~ease 8orrv.Vtv~1'CR1,~;.
~ ,._-~ga;,:. . ..r,~.;e+ tr.,s a~~-~ t~,r ~~ote
; i.•. . _ ~,r _ ~C~ . . , ~r ~ _ _~IEr~tt~ i_er~c:er SY~~~; md: :~c;rrU'r.e~ n~t~ce ot acceiera:~on r: d:.!'O!:.'drC.e
f ~~,~y.,~. 5..~.: ;r~. ,:-~~::de ~ per~od ot nat cess tnac 30 days trom tt~e ~ate tne not~ce ~s ma~ted w~;n~n
g ..'lc~!~ ~~"~_:.r• a~ Ud, i'~S ;Se~.::~r(. UUB !f Bcnower fa~is to pe,v such sums pr~or to Sh@ eXp~fal~0~ Of SJCh pF'!tG~~
E. __^~~~t.* ..,!r~.,:u~ ,;,r.~,--, • ~ ~ ,;~~~,~na o~ Borrc.v2~ ;nvuKe a~y ~eme~~~es perm~!ted by paragraan ~8 ~c~re~!
".C~: !~~~~FOP.!.1 CC': t'.=~^. ~S Bo~r~.,~r an~ Lenoer !urther covenant and ag!ee as fo!!o.vs.
18. Acceleration; Ramedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any
- covenant oragreement of Borroaver in this Mortgage, including the covenantsto paywhen due any sums secured
by this Mo~tgage, Lender prior to acceleration shall mail notice to Borrower es provided in paragraph 14 hereof
' specitying: (1) the bresch; (2) the action requlred to cure such breach; (3) a date, not less than 30 days trom the
dste the notice is mailed to Borrower, by wfiich such breach m u st be curod; snd (4) that failure to cure such breach
on or before the date specif~ed in the notice may result in acCeleration of the sums secured b~ this Mortgage,
, foreciosure by judicial proceeding snd sat~ of the Property. The notice shall turths~ inform Bo~rowerat the right to
reinstate atter acceleration and the right to assert in the toreclosure proceeding th~ non-existenco of a default or
any other defense ot Borrower to acceleration and fo?ecfosure. If the bresch is not cured on or bsfora the date
specilied in the notice, Lender at Lenders optlon may declare all at the sums secured by this Mortgage to be
immodiately due and payable without further demand and may forectose this Mortgage by judicisi proceedt~g.
; Lender shat{ be entitled to cotlect in such proceeding all expenses of loreclosurs, including, but not limited to,
n reasonable attorney's fees, and costs oi ~acumentary evidence, abstracts and title reports.
19. Borrower's Right to Reinstate. ~Jor.v;thstand~ng Lende~ s acce,erat~on of the sums secu~Qd by ,h~~s Mortyaye
, ~c~rnr:e. ~r~~ }r,~ r ~ ,i.e ~ir . :~•r~ ee,' -c;s h~gun ~F. .~7~•'~ en!n~ce tn~s 1fe~t':age discont, ,:e~~ aI an•, r,r-C
307K•.~~ FaGE
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