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K. Inepection. l.ender mny mukr or cnuae to be mtide reaeooable rntries upon and inepectiune of the property, provided thet l.ender ehali
~;~ve F~rrower notice prior to any nuch inepectiun epecifyin~; reaaunable cxuee therefor relHted tu t.rnder-e intrrret in the Property.
9. Condemnatiun. The proceeds of any award ur claim for damagea, direct or consequential, in connection with any condemnation or
uiher taking of the property, or part thereof, or for conveyance in lieu of condemnation, arr hereby asaigned and ehall be paid to (,ender.
In thf~ event of a total taking of the Property, the pmccrcla ehall be applied tu the eume secured by thie Mort~aKe, with the excese, if any,
p:?id to t~rruK•er. In the event of a partial tiikinK uf the Property, unlexe Rorrower and l.ender otherwi~se NKree in writing, there xhall t~e
.~pplird to the Kumr~ secured by thie Mortgage euch propurtiun of the prix~t~cds tie is c~c~ual u~ the~t peuportion which the xmount of the sume
~crurea hy thiH Mortgxge immedietely prior to the date of takinK tx arK li, the fair markrt ~~xlue of the 1'ru{~erty immed~atrly prior to the df~te of
takinK, with tne balance of the proceecle paid to f3orrower.
[f the Pmperty is abandoned by E3~rrower, or if, after notice by l~ender to Rorrow•er that the ~-~indemnor offere to mnke an award or aettle n
rllim for damnRea, }3orrower faila to reapond lo l.ender within :il? deye after the da~te 4ui~h notice ie mailed, I,ender iH authonzc~cl G~ cullect Tnd
a~ply the proceeda, at I.ender'a option, either to reetorntiun or repair of the propert~• ur to the eume sec•urcd by thiN h1~~itK~~Ke.
Unlexa I.ender and f3orrower otherv~~se aKree in v~ ritinK, t?ny such ap{~lication c~f pr~K~eedK tu principa~l whF~ll nnt rxtend ur p~,Kt~~nr thr due
date uf the munthly inetullmente referred to in p=uaKrapha 1:ind here~~f or ch:~nKe the amount uf Ruch inet~illmenta.
10. Rorrower Not Released. Extensiun of thr time for p.+ym ~nt ~~r mculific.~tiun uf urr.urtit.~tiun uf thP eumK ~c~•und by this ~turiKaKe
~;r.~nted by~ l.ender to any succea~or in intere•st ~~f R~~rm~•er shail not o~ratt~ to rt•I~~:~.i•, in .itlY II1.iI111rI, thc• liahility ~~f the uriKin<~I Kurrow•Fr
;tlllj ~UffUN'f•r'. succrtisura in intereKt- I.ender shall ~ut br rtr~u~rc~cl tu cti~mmi•ncf• pr~~~-cw•din~;~ aKai:t~t wuch ;ucceK,ur nr refuwe tu e•xt~•nd tim~~
:;~r pa>•ment ur uthc•rwitie muclif~• amurtitatiun ~~Cthr.um~ ne~•urrd hy this :~7c,rt~;:i~;c~ hy r~ :~w~r. ~rf an}• demund madt~ h~~ th~•~~n~;inul ll~~rruwrr
:u~d Iturrow•~•r'c succc~~~urs en intera•st.
I 1. Forbearance by I.ender Not a Wai~•er. An~• for}~nrance by I.ender in ext•rciein~; any rixht ur remrcly he-runder, or utherN•ise
affurdrd bY applirnble Ittw', shall nut t~e a wai~~er of ur pr~~!ude the exercisr i~f any vu~•h nKht or rerntdy. The prix urem~•iit uf inyur;ince ur thc~
p~i>•ment uf tnxes or uther lirnR or cht~rKex by I,ender ahfill not t~r a w•~iver uf I.endc~r'w riKht to accelerate !hA m<iturity uf thc indebtrdnrss
~<•c ured b~• this ilurtKc~Ke.
t'l. Hemedies Cumulative. All remedies pruvided in thiK ~1urtKaKr are distinct and cumi:lat~ve tu any uther ri~;ht or rc•medy under thie
~turte•uKe or afforded by la?w or equity, and ma>~ t~e exerciee~l cuncurrenth•, independently ur succesc+iveiy.
13. tiuccessore xnd AaaiAne Bound; Joint Hnd Several l.iebility; ('aptiony.'The covrnantx und .~~,•reements here•~n c~untaint•d ahall
t:ind. :ind the riy;hts hereur.der shxll inure t~~, the rraExrti~•e vuci~rtiM~rK xnd ~t~xiKn4 ~f Ixnder and fi~~rruw•er, suhjEY•t t~~ th~~ prn~•isiuna uf
G~uraKr.iph 1~ her~r~f. All c~n't•n~?ntx :+~d aKrc~c~ments uf Fiorn~~vrr shall t~e jnint and sr~•er:~l. "('hr c.?~~tiun4 and h~•adin~;:: ~~f thf• p~ir:~Kr~phn uf
ti~i~ 11urt~;nKe .~re fur cnvenirnce only~ and are n~,t tu tx• ustY1 t~~ interpret ur ~lefine the prei~•isionH hrrc~uf.
I 1~iotice. F:xc~pt fur am~ n~~tirc• rt•yuirc•d und~~r appli~~ahl~~ l:lK' I~I IN• ~;i~~rn ~n un„thrr mannt~r. ia~ :~n~ nntic~~ tn finrn,H~~~r {~r~~~•~~I~ d fnr in
; his i11~~rt~;:~ke~ ~h~~ll tx~ Ki~~en bt• m.iilinK su~•h nutirt• b}• i~rR~fic~1 mail uddressed t~~ li~irr~~w•er at t he Yn~4N~rty Ad~1rt•4-: ~~r :~c su~•h ~~thrr .+adtr~K .?x
fiurruw~e~r m.~}~ de~;iKnate by notice to I.c~nder :r; prm•idt~ei herein, and ~b~ anp ni~ttc•t~ to !.~•nde. sh~+ll tx• Ki~•en h~• ~•ertific~l ma~l, rf•turn rt~•Fipt
~~.~uc~vti~d, tu l.~~nder's ad~~mcs statetii he~rein ur tu such ~~ther :+ddre•sv as [.e~nde•r mti~' desi~;n.itr hy nnti~•c• tu Ii~~rruK•c•r .cK pruvid~~1 herein. Am
n~ rtict• pru~ ided fur ~n thiti ~1ortK.~Ke sh.~ll ht~ d~r~mrd tu ha~~e tx~en ~~~en t~; fi~~m~wt~r ur i.e~ndt~r w~hen ~;i~~rn ~n thr m<~nner der;i~;n.ittYl hert•in.
1:~. l'niform NortAt?Qr; Gu~•erninQ I.aw; tieverei~ility. Thi, f~~rm ~~f m~~rtKa~;~~ c~~mhir.t~. unif~~rm ~-~~~~~•nant~: f<~r n.itiun:+l usr and non-
~.~nifurm ~~~~~•c•nant~ w~ith limited ~~ariatinns !iv jurisdii•tinn ti~ rnnxtitute a un~f~~rrn .rc~unt~~ :n.trun.t~nt cvct~rin~; ri~;~l pn~Ex•rt~~ ~~h~ti ;11urt~tfge
~h.~li !K• ~u~ rrn~~i b~• thi~ la~+• ~~f thr jun;di~~tinn in «hich the f'r~~p:~rtc i. I~x•at~r! in thF~ ~ r±t tha• :~n~~ prnv~~:un ur rl;~u;r nf thi: \1urtKaKe or
t;~~~ ti~~tr ~~mtlict~ ~~ith ;~pplirahlt• l~~w•, ~uch ~~unflict .hall n~~t afft~•t uth~•r pr~~~•~,ii:n, ~~f [h~~ :~t~~rt~;.+kt• nr thr \ut~• ~ hinc ~un ht• ~~~•rn rffc~c-t
,ti ith~wt thr c~ nflictin~; pru~~~ti~nn, and ti~ this t•nd the pn~~~isiuns ~~f thr ~lurtKa~t• :~nd thf• \ute ure d~-cl.ir~~d t~r t~i• .c•~•c•r.ihl~•.
If~. Borrow•er's ('op}•. fi~~rruw•er ~ch.~ll tre furni::h~r1 a~•~~nfr~r.nc~ c~~~py nf th~• tintr .~rd of this ~1urt~;aK~~.~t thr time~ uf f•xr~ uti~~n ~~r ~3ft.~r
~r~'i~fi~dllnff ~1Ptf~~~.
i~. "I'rt!^sfe•r of the 1'ruperty; Axsumptiun. If all ~~r any part nf the }'r~~~x•rt~• ~~r an interrst thrrrin iti suld ur tran~ferri'(j h~' I3uR~~K'Yr
ithnut I~•ndF~r'<~ pnrir v~•nitrn cunarnt, rxcludin~; tal thr cre~.itimt ~~f Gen ~u ~•nrumhrani•t• ~;uhurdinatr Gi th~s b1~~rtK.~KF~, Ib~ th~• ~-rratinn uf a
,~un ha.e• money c:rcurit~~ interest for huusehuld appli:?nces, ~c~ a transfer by de~•i:;e, d:•~cent ur hy ~~~x•rutiun uf law up~~n thr drath o2 a ju~nt i
!~~n<snt ~~r id i the {Cram nf any leaseh~~ld interest of three ~•ears ur lesx nnt contaimnK an option ts~ pur: hare, l.ender ma., at l.ender's optiun,
1~•~~l~~re all th~~ sums securea hy this ~lortkake to be immrdiate~l~• du~~ .ind payablf~. I.ender ahall ha~•e• wa~~•~c3 ~uch ~~pti~m tu acceler;~tr if, prior
r.~ ~;hc~ saie r~r transfer, I.rnder and the {rt~rs~~n tn µ•hum the i'r~>~x•rt~• i4 to t,~• sc~ld nr tran~Ce~rrf~c~ rruc•h ~~~;n•rmrnt in w~ritin~ that thE• ~~nK1it nf auch
~ E. r~~n; ~~iti~fact~~r~~ b~ I,c~nder ~~nd that ~he intt•rc•~t paq:ihl~• nn tht• ,urns xe•cureYl tn~ th~~ ~1nrtKay;c• ~h;ill hr :it ,uch rntt• a. I.~•ndt•r ~hall
i ~~ur;t. [f Lrnder h:ts w ai~•t~d thc• ~~pti~~n t~~ :+r~~elt~r.+tt• pr~~~~i~1~•~i in th~~ ~ruaKraph 1~, :ifl(I 1~ FS~~~I'nK'Pr'~ .uc~ ~•„~~r ~n ~ntrrer+t ha, t•xe~~ut~~ci a
~ .t nttrn assumptiun aKrrrmt~nt acc~~pted in w~nt~nK h}~ I.c•ndrr. Lrr.drr sh.sll rf~leaye fi~IRUWf~r frum all ubl~kc~hun.: undrr this ~1~~rtKaKr and the
\~~tr.
~ If Lf~nd~•r t•x~•rc~.t~~ ~uch nptinn t~~ ;ii•~ ~•It•r.it~~, I.~•ndrr ~h,tll m~ul linrn~w~rr nuUc•rof accrlNrxti~~n ~n :u~~~urd;in~ r Kith p.~r:i~;raph la herc~~f.
~ ~urh n~~ti~•~• ~hall pr~~cid~• :i pt~ri~K1 ~~f nnt Ir•::; th:in :Snt1.~~:: fr~~m th~•~l:~tr th~• n~~tir~• i. n.:iil~~r1 w itliin w hirh lS~~r~~~~.ti ~•r ma~~ p;~~• thr ~um> drrlxrt~l
F ~~.if• If Fi~~rrm~~~•r (ail~ tu pa~• ~urh ~um> pri~~r t~~ th~• r•x~,~r.~tiun ~~f surh p~•n~~r~. I.t~ndt•r ~n.i~•. ~ith~n:t furth~•r n~~Ui•~• ~~r dr•m»n~i ~~n 1t~~rrnwrr.
~ !t~c~~ke an~• rrmrd~t•s prrmittcrl b~• p:ira~;raoh hrn•~~f
e
H 1li. AccelF~ration; Kemedics. Except N9 provided in perxKrHph 17 herE~>f, u;x~n RorruwFr'x breach uf am ru~•enxnt or
~ u~;re~emc~nt of Kc?rrow•c~r in thi~: tit~?rtKuKt~, includinK the cove~na?nty tu pH~• µ•hen dut• tin}~ ~um4a~Y~urt•d by thiv 4furtQaKe, Lender
~ ~~rior to acceleration KhaU mail notice tu Korrower aH provided in paraKraph 14 herc~~f xpecif}•ing: (1) the breach; l'll the action
~ r~•yuired to cure ~uch breach; I:i) x date, not le!~e tht~n 311 dayr+ from the date the ~otice ie mailyd to Borrower, by w-hich Rurh
hrt•Fich muyt t?e cured; and WI tht~t failure to cure yuch breaeh on or bc~fore the date Kpecified in the n~~tice mx~• reHUlt in
.icceleration of the yumY Necured b~~ thiy NortgaKe, f~recluyure by judicial proceeding and e~ale uf th~• 1'r~>p~rt~•. Tht~ notice Khell
ftirther inform Rorrov~•er of the ri~ht to r~~inatate after accelrration and the riqht to av»ert in thE• furt~~•IuKUrE• pr~x•i~edinK the
n~,n-exixtence of x default or am othe~ defenye of Borrow•er to accelt~ration and forecloHUre. If the bri•xch is not currd ~~n or
h~•f~~re the dete apecifit~d in the n~~tice, Lender f?t Lender'~ optian mHy declare all of the Kum~ ytrured by thi~ ~ti?rtKt:Kt• to bc•
~ i inmediately~ due and pa~•t~hle ~+•ithuut furthc•r df~mand f~nd mac fore•i•luKf• thiy'.liortKage by judicit+l pr~~i•t~~•dinK. L~~nd~~r shall bt~
~ ~~ntitled tu coll~ct in ~:uch procet•dinK ull ~•xpc•nve~c uf f~~ri~clo~uri~, includinK, but n~?t limit~d t~?, r~•t?sont+t?li• att~~rn.•~~'s f~~~~~, and
4:
,~~tit, ~if d~~~•um~•ntt~ry• evidt•nce, t~hvtrHC•tti and till~• ri~~~~~rt5.
~ 14. Borrow•er'K RiRht to Reinstate. '~nt~~ith~tandinK I.c•n~if•r~~ arcf•ler:iti~~n ~~f the ~um~ nc~~ urtK1 b~• th~ti 11~~rtKa~;~•. li~~rr~~~~~r ~hail h:ic~•
~ h~• nKht tn h.ivr any pr~~cec~dinKK tx~Kun hy i,c•nder t~~ enf~rrcc~ thi,'~tur±~aK~~ ~~~cnntinufYl at ~in~• time priur to cntn~ uf :i ~ud~;me•nt rnfnr<•~nK
~ :his :11ortK:~K<' if: ial F;orn~µer pays f.c~ndrr al! sum~ N•hich wuuld be thc•n dut• under thiy `1~~rtK~Ke, the Note and n~~tF4 vr~•unnK F'uturE• ~
\~1ti•ances, if ~~ny. had nn;~~ePleratinn ~~c~•urrecl; ih~ Fi~~rruw~er rure•s al1 bre.icheti ~~f:iny ~~thNr cn~•t~nants ~ir vKrc~c~ment~ ~~f Fi~~rr~,wf•r ~~.nt:sinfd in
- ;h~s ti1~irtK.iKf~; I~~~ I~~R~1N'f~r pa~•v :IU ~k•7ltiuflil})IP t•x~•ntit•~ incurn~l b~• l.ender in ~nCurcinK the cu~~enantr and :iy;r~•~•mrntc uf f3~~rrnwF•r
~ ~,~ntainc~d ~n th~v M11nrtK.iKe ~~nd in enf~~rcinK i.ender'A remediev.~~; pr~~~•~c1t•d en p.ir.~Kr.~ph 1`~ hercrrf, ini~ludinK, hut n~~t limis.<r1 t~~. re•a~+~~nahle
~ ~ttnrnt~~•'r~ fe~=s:.ind idi Rnrruw•f~r takessuch ~i~~ti~m a~ I,rnder ma~~ reasnnahl~• reyuire• t~~;~~:+urr• that thr I~t~n ~~f thi~ \f~~rt~;aKt~, I~•nder'~ intc~reAt I
;n the I'rupert}~ and F~~~rmwer~s ~ibliKati~~n t~i pay the ~umv cNCUre•d hy thiti ~1~~rtKaKe~ shall ct~ntinue unimpair~d. l'pnn ~uch pa~~me•nt and cure
~ }~nrower, thix M~rtKaKe and the nbliKations wecurerl hereby Shr+ll rrm,~in in full furc~e and eff~~~t as if nn ,~c~•t~leritinn had ~Mivrrtd.
~ '~t~. ~xHianment of Rentx; Appointment of Heceiver. Ay additi~m:~i at•curitr• hr•reundc:. Fi~~rruK~er herc•hv avtiiKn:~ tc~ I.ender thr rent::
~ ~:t thr Nr~r~~rty, pr~~~•ided that fiorrnwer shall, prir~r tr~ aci~elerati~m undrr pariKraph ! n hert~f nr a~b,in~l~uiment ~,f the F'n~pt•rty~, h~it'e Ihe nKht
~ c~~~llec4 and rr~tain yurh rentx as lhe~' }xY~nme due ~in~i pay:ible.
~
1'{xm acceler:~tinn und~r paraKraph lK hFre~~f nr ahand~~nmE~nt nf thi~ Yroperty. I rnri~~r ehBII ~N' f'I1~IIIfYI I/1 fl.i~~e a re•~~r~~ er apGH~intrcl h}• a
~ ~:,urt tr~ PntPr upnn, takr poageyeion of and manaQe the Propert~~ nnd to cnllP~t the rentx ~~f the 1'ru~~rtc, includtnK th~~vP pc~Kt due. All rentK
~~~Ilcrt~d hy thP rc~cPive~r ~hrill tx~ applied first tn pa~•mc~nt of the• cY~ctF nf man:+KemFnt ~it'the I'rn~iert~~ ~nd cnlle•e-t~on ~~f rrnte, inc•~udinK, hut n~~t
~ iirniirci in, rt•cF~~~•r~r'4 ft~~•~. prt~mi~ma un rc~c~ive~r'a hnnds .~nd rNaNnnahlc :+ttnrnr~•'~ f~~e~. ;ind tht~n tn tht~sumh sNCUrF•~i h~• thia tiS~~rtKaKF Thf•
~ r,.cv~~f•r sh.ill be• li,~hlr~ t.~ acer~unt ~~nl~• fnr th~~~~ rentre .+c-tunll~• rrcF•~~•E~d.
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