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l.ender's writ~en agrermrnt or applicablr I:IN' Hl)((OUC( tha I pay ihr ~m~~uni o( al1 mortdage insurance premiums in the
manner prov~deJ under paragraph 2 hrreof
Any amot~nls dishursrd by I.~n~ler pur,urnt t~~ this ~ar.~graph w ~th uitercct thercon. ~hall become additional
indebtedness of Borro~rr secured hy thn !~lurtg:~gr t'nle,~ nl~(f~~L4~I anJ I rn,ler igrrc to ~ther terms of payment, wch
amounts shall bt payahle up~~n n~~ti~e fmm 1 endci R~~rru~~rr rryuc.iin,~ ~~,,~m~nt thcre.~f. and ~h~ll hear interest from the
date of ditburument at Ihe rate pa~•ahlr fr~~m tirnr i~~ t~mr .~n autti~:,ndin~ pnnci~+a) u~der the Note unlecc payment og
interest at such rate would t+e rontrary i~~ appl~rablr L~N. ~n ~h~rh rv~~nt ~uch :~mnuntc th:ill tiear interect at the highest rate
permissible under applicable laH. Nothing r~~nt~ined ~n ~his ~ar.i~raph 7~hall requirr 1 ender to incur any expenu ar takt ~
any ~ctan hereunder. !
8. Jnspeetion, l.endcr ma} mal~r or.amc t~ hc m~~7r rra,~naMc cntrie~ ~~~•~~n .ind int~cli~~n~ thc Pmperty. ~rovided
that L_ender shall give Botro~er noti~e pri~~r to am~ ~u.h intiprrt~~~n .E,•~~if~~ng rea~onahle cauce therefcir related ro[_ender's
interest in th~ Propertp.
9. CondemnaHon. The pr~~ceedc of an~~ ~Hard c.r claim fe+r ciamaecc direci or mn.ryuential. in connection with any
condtmnation or other taking of the Pro~ert~~. ar part therr,~f. e~r f~~r c~~nv~y.~nre in li~u o( c~ndemnation. are hereby assigned
and shall bt paid to I.ender.
in the event of a total taking of the Pm~•cri~ the E~re.cer~i< <hall he ~~rGe~l t,~ the ~umc cecured by thic Mortgage.
with the excess, if any paid ~n Burr~.~~rr In ~he c~~rnt ~~f a parti~l ~;il.ing ~~f ~hc Pm~eny unlcc~ Borrow•er and Lender
ath~iwi;e agrec in wtiiin~. there shaii bc a~pi~cd t<~ ihc ~um< <e~urcJ h~ thi. Mi~rtcaEc ~n~h proparti~n nf thc ptoCteds
as is equa) to that proporti~~n which thr ~m~~~uu ~hc sum. .~;ur~d h~ thi. \1~•rtE,~ec immrdiateh• pn~r to thc dete of
taking bears to the fair marlce~ valur of thr Pr.~~rrt~ ~mmr~liateh rn~~~ i~~ thc ,I:,t~ ~~f iakin~:. .+iih the halance of the proceeds
paid to Borrower.
If the Property is abandoned b~• Borr~~HCr. rr if. ;~ftrr nrti~e h~ 1~•ndrr tc~ B~~rr~.w~cr that ~he candemnor ofTers to make
an award or settte a claim f~r d~nlacr.. H~~rrc~wcr f.,~1~ t;~ rr,p;~nd t~~ 1 rn,ler ithir. ?0 da~s after the date such notice is
maitzd. LenJer is auihorized ~ c~llect and ap~h ihr pnkeeds. at I.enJer'. ~,ption. ei~her to restorat~on or repair of the
Property or to the sums secured h~• thi, Mc~rteaFc •
Unlesc 1_ender and Borr~~Her ~~Iher~i.~• a~rcr in ~~ritin~~ an~ tiii;h :i~~l~r.ir~~~n nf ~m~eed~ t~~ princi~al Shall not ettend
or postpone Ihe due date of th~ m~~n~hl~ inctallmrn~~ rr(crrrd tu in r:~r.~cra~h. 1;,nd ' here~f i~r change the amouni of
such installments
10. Borrower Nol RekKed. E~hncu~n ~~f ~hc t~mr f~~. ;~a~mcnt i~r m~•dificati~n i~t ;im~~rti~ation of the cumc ucured
by this Mort~ase gramed h~ I.rmirr h~ an~ ~u~c~.,,~r n~ irurr~.t rf Rrrn~~+cr ,h:~ll n~t ~~rrr.ite t~ release. in any manner.
tht liab~lit~• i.f the ori~inal B~xn~Htir :~nd B~~rr~~~~cr', ~u,~r,,,~n ~n intrre.t 1 cmler chall nM he reqnired to commence
proceedings againsl tiurh ~u~.ccs~•r ~~r rrfu~r h~ cvrn,l t~mr f~~r ~~.i~mrnt ~~r ~thrr~i.r m~.~lify amixtization of the sums
secured by this Mortgage M• reati~.n c~( ,in~ dt~n.~nel m,~~1r h~ ihr ~~~ie~nal R~~rrrwcr ,~nd R. rrov?•er's cuccestorc in interest.
11. Forbearance b} Lender \u1 a H'ai.rr. 1n~ I~~rt+raran~:r h~ Lcndrr in e~cr~ ~~in~ am riFht ~~r remedy hereunder. or
othenvise a~i~~rdeJ h~ appli;:iMr i,~H. .h.~li r.~~t hi ,i uei~ir ~~t ~~i ~reclude the c~erii~i i~f am tiuch ~ight ctt remtdV.
The procurement of inwran.c or thc ~ ecmint ~~f t.~~r~ ~~r ~~thcr I~~•n. ~~r ;h,ir,•i~ h~ I rnder .h:ill nnt he :i .•.~i~er ~f l.ender's
right 1~~ 3cc~lerat~ 1hr m~~urit~ ~~f thr ~niirhii~lnr.~ .;_urr~i h~ ihi. \1,~rte.~c~•
12. Remrdiec Cumulati~e. All rrme~~~r. {~r~~•.~~i:~i ,n thi. \t~~rte:icr .~rr ~ti.tin,t :~n~l :umi~lati~•r t~ ~m ~,thcr nght or
remeJ~ undrr th~, Mi~rt~tagr ~~r afl~~r~i~i h~ 1.~~~ .~r ryuit~ .~~~f m.:~ hc c~rr~:..,1 ~~.n,;irrrnlh inde~~ndentl~ ~~r succecsi~•el)'.
13. Suctessors and AcsiRnti Bound: Jc?int and S~•~cral I i:ihilil~; (':~p~ion~. ihi ~~~~~n~nts and aerremem~ herein
cnnla~nr~l cFiall I.inr~ ~n.l ~h.. .:..I.r.. I,..........i....~...t~ .t... . .....i : _r ~ n,._~,,...~~
- . : , -.r::: , ~ . . . - - a...:.,..~..
SLI~I~GC~ tU the pMVICIOfI\ Of Fldf:11!fJ~7F1 ~ i hrr~•.~! .~111 ~~~\~~1,1111ti ,1llt~ ,lifCCfll:fll~ R~1f(~~M~~f shall he j~~int and ,several.
The captions and heading. ~~f the p.~r.~~~r.~i~h. tfu. ~t~~r~,~.~c: f,~r ;,~n~•cnicncr ~~nl~ .ir.~t arr n~~t tu he uted to
infCrpret or define Ihr rr~.icinn~ herrc~f
14. '.Yotict Fxce~l fi~r any' n~~t~,e rcy~iir~~i~ i~n~lrr ,~~~~~n,.~h1~ I.i•.~ t~~ hr e~~ri~ ~n :~n,~thcr manner. Ia1 :in}• n~tice to
Borrov~er pm~'ided for ~n ihi~ ~1~~rt~acc ~t~.~l! Fk i~«•n h~ ni.~,li~~~ .;i.<< n.~t~~r h~ ~rrt~fi<<1 m.iil :i~ldri~~~d t~~ Anrrower et
Ihe PropcrtV .Addre~ti t+r a! ~u.h ~,Ihcr aJdre.. R.~;r~~~~cr tn.i~ ~l~••~,~r~.it~ h,, u,,ri.r t ~n~lcr :ic ~nnided hcrein. and
(b) an~ notice Io l.ender th~ll hc ci~rn ht :~rt~tir~1 ni.i~l ri~~,in ;r:r~~,! rrurir.t~'~i t~~ 1 ~n~1~r~. adJr~t~ stat~d herein or 10
_aa_,__ r . ~
u~v.~a~ a.i a ~ ii ~i~ u~.ic~oail in•i~.l 1~~ fi~~~i~•~~lt .1~ ;ri~•.:U~~i ~'l"1C:r, •\11~ f1tlltil' ~1f~~\'IUI~I Ill( 1(1 11111
Morigage sh~li tx deemed ha~r hrcn ~nrn Fle~r~:~.~~•t i~r ? rn~?rr .~hcr~ L~'•i'n in thr manner de~ignatcd herein
15. Ileiform MortQ~~e; Gn~crnin~ 1 aµ: Sr~cr~bilit~. l f . t„rr.~ ,~t.ni~~r~_~:~ir .~~nthir~t nnif<~rm cn~'enant~ fi~f t1aflA(13)
use and nen-uniform cc,~cnantti ~.ith lini~tc.! ,..,n.~i~,~n, h•, iu: ,,;n~,;~~tc a;~~utc~rm .~iur~t~ in~trument c~vering
rcal proper[)'. Thit Murtg~gc sh.il! h~ ~~~~~~ritir~l t~~ ihr Ln+ ~f:, ,...,i~,h~~rt :n ~+hi~h [F~r Proper[~' n lu~atcd In the
event ~hat any pruvision c,r rlau.r ~~f ttu. ~i~~rt,a_r ~~r rhr \•,r .;,nt'~_;~ r!i~.~hle I:~N ~nch c~nflicl ~hall noi afiect
~ other pro~iSi~~m o( Ihi~ Morlg.iR~ ur Ih~ \„t~ ~.~h~~h ..ni h~ L;.~r~ c•~~~.t ~..~'h~~~~t Ihi ~~~nP:~:!in~ ~r~~~i~ic~n. and to thls
~ end the prmitii~~m ~,f the Mnr1E3g~ :~n~l ?hr ti,,tr .~rr ,!~:.I.~~~d r,~ hc .c•:cr:,hl.
i 16. Borrower's Copy. Born~~~ir ,h.~ll hc furni.h.J c~~n(~~rmrcl .c~~~, .,t th~ ~i~tr .~rJ ~~f ihi, 1lortgage at Ihe timC
€ of execution or after recordaii~~n her~~~f
~ 17. Tnnsfer of the Propert~: :1.~ump~ion. !f al~ ~~r ~~.~r! s~:c Pn~~~rt~ ~~r .~n irterc~~ thrrcin ic „~Id or trancferred
- Borrowir ~+ith~~ut I.rrder's pnur ~~rit!~n ,~~n~rn; ra„~~Jin~ thr .rr.~ti~~n .~f ! cn ~~r ~n;~~mhr~n~c ~uh~~nlinate to
_i - .
this Mortgage. (b) the crea~iun i~f rur~h:e~c m~~r~es ,c~uril~ interetit ?„r hn,i.rh;~l,l a~~~li.~n,~. Ici .i trari.fer ht' devise.
- descent ur b~ oF rration of la~~ UE~~~n th< <~r.fth i,~inl lrn;~r11 ,~r r.!~ ~r.~:tt i~( .,n~ IC.nrh~~IC~ ;nicfe~t c~( IhreC ~C3ft O~ ~CSS
ot containing an option t~~ (~tirchaic. 1 Cti~let in,i~ ,it I ri~Jr~ ~~r .1~,!,~r~ a:l !hr ~um, u,uricJ h~ Ihiti \1i~rtgagc lo bC
mmediatel}~ due and pa}'ahlr. LrnJrr ~h.Jl h.nc ~.<«rJ ~~~,h ~~rt~,~n .~~~rler.,ri i! ~ri~~r i~~ thc "Ic transfer. I.cnder
~ and the person ro whom (f1C Pf~~rz11~ 1~ l~~ hi• ~~~i.l ,~r lr.in~i~trcv !c.~.i .i~•-:irn~'nI !n ~~r:i:~:C IFI:i; thi ~~C.lil .u~h person
,is satisfactury to Lender dlld 1F1J1 1f1C IIl(CiC~I (~J},,h{r t~n th~• .un}~ ~r~~~rc~l h~ thi. ~t.~rt~.,ge ~hati tx at such rate as l.endtr
~ shall request. If I_ender has wai.eJ thr rr~~,~n e~, .,;~~ir~.~ir ~,r~~~~~l~~l th~. ,,.:r.~,r.~~h l,. ,~i~cf if E~~,rr,~.+cr\ Succe,~or in
iniercsi na~ etecuieu a wrnen astiumF~i~~~r .~Rrrrrnrnt tr~ in «n~~n~ i rn,irr I cr,.fer 4h:i11 relea~e tic~rruwef irom all
~ obligations un.ier thfs Alortg~ge and th~ '~~t~
~ If I ender e+cercise~ sireh npti~~n 1~ a;ccler.~~e 1 en,i:r ~h.~ll m:u" B~~rr~~+c- nnt~ce c~f :~~;rler.~r~~n in accordance with
~ paragraph 14 hereof. Such notk~ ,h;ill ~r~,.•,d: ~;~nr~l n~~~ Ic;~ rh z~~ .f.~c~ (r~~m the date the notirc is mailed within
~ which Borruwer may p~~' Ihe ,ums de:l:irc~! iiuc It R~.~rrr~.+rr ?.~~i~ <<~,h ~,~m~ pn:~r tn thc e~~+irati~n nf such period.
~ Lender ma~~. u,~h~,ut (urther n~~iice or drniard ~~n ti,~rr,,.,~r. ~n~~~l~ .in~, r;rned:e~ ~crrn~i~c.l h~ r+.~ra~r.iph IR h~reof.
k."
Nun-UrviFUrc~t CovF.~+vTS. Borrower and 1 enefcr further :mrn:,nt .ind agrre as follc~w,
~
~ 18. Acceler~tion; Remedies. Except as pro~ided in paraRraph 17 here~f, upon BorroMer'~ breach of ~ny co~enanf or
~ agreement of Borrower in this !1torlRa~e, inch~dinQ Ihc co~enan~c to pa} ••hen due an~ tiumti strured b~ thls Mortgage, Lender
~ prior to acctleralion shall m~il notice to Borru..er a~ prn~ided in para~~aph 14 hereot specihinR: (1) Ihe breach; t2) the aetion
required to cure such breach; (31 ~ datt. nol letiv th~n 30 da~s irom thc date the notice ic mailed to Borro.+er. by which toeh
~ breac6 must be cured; ~nd (4) thaf taifure to cure such breach on or before the date speci6ed in the notice m~y result tn
~ acceleration of the sums secured b~ thiti '~1nrt~aRe, foreclowre b~ ju~ticial proceedin~ and sale of the Propett~. '[Tie notkt
~ shatl furlhc~ inform BorroMer ot thr ri~;ht to rcinsl~te afler ac.eler~lion and 1he riRht t~ atsert in Ihe foreclosurt proceedittg
~ the non-eaistence of a defauh or an~ other defen,e of Aorrower to accetrration and foreclosun. It the breach is not enrcd on
~ or before the dste specified in the notice, i.ender at l.ender'c option ma~ declare all ot the sums secured b} this Mortga~e to be
~ immediat~ly due and pa~aMe without turlher demaad ~nd ~na} foreclose this ~lortga~e by judicial proceeding. Lender st~all
~ be entided to coltect in such proceeding all expenses of toreclosure, inch~ding. but not limited to, reasonable attorney's fets.
_ ood costs ot documentary evidence, sbstracts and title nports.
19. Borrower's Ri~ht to Reiwtate. Notwithstanding l en~ler's acceleration of the sums secured by this MoRaage.
Borrower :hall have the right to have any Qroccedings hegun hy Lender to enforce this Mortgage discontinutd at any time
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