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8. Ia~tioa. I.aod~s mqr mab oc cauM b b m~ rwooabi~ ~otri» ~oa aod in~qcti~an~ ottM pcop~rb?. Pe'c'~W~d tlut I~atia ~a11
~iw Boaow~s natio~ peiae ~o aq~ wx~ iwp~ceian ~p~ci~rin~ ew~onaDL noN ~nQoe trla~d b Iwrrd~'~ intaewt in ~ia Prop~y.
9. Caad~awtloa. 71~ prooMd~ ot aqy aw~rd a~ d~~ toe daa~yM, dir~et ae oo~wqa~ntial. in aoo~elion with aq~r aond~aenatlnn oe -
other t~lda~ ot tM y~oPRb?. ar P~et t~t~ o~ for oonw~raaa in liw a[ aond~c~uafioa, ar~ ~~bY a~d aad ~hall b~ paid b Lnd~e
In ~ ewnt oi a~ohl t~3a~ d!~ Proqe4~?. ~ peoo~sd~ ~b~ll b~pplMd b tb~ ~~.~ared bp tWa 1ltatsa~ witb tb~ ao~. ii W.
paid to 8o~ow~. In th* rrwnt ot a pa~(ial takin~ oi !bs PropaRy. nni~ Baerowee aad I~~d~e oth~rwL~ asre~ in we~tin~. ~e ~hall M
eppli~d tu the ~am~ a~cored b~r ~~[oet~~ aocb pe~opo~tioa d the peoossds a~ is eQnal to that pewoetloa whid? the ~moant ot the ww
~ei.~ed b'thi~ Mats~ immdiaWy Rio~ to the dats at tai~in~ bean 1o tbrhir markdvalw ofths Pro~et,,Y immediaqb ~iOr ~o tl~da~s d
takint. witL tl~s balana d fbs peooMd~ paid to 8oeenw~r.
If tbe Prup~cq? is abando~ed b~r Boeruwre. ae i~ alb: notia by Lad~r to 8oerow~ee tbat t~ oondemna~ a~ie+~ to mak~ aa award or ~ a
claim Lar d#m~s. Bo~mwer taib t~ rapw~d to Iwnda wltbin 90 dyn alt~er ths dab n~ch notiot i~ maikd, Lod~e u anthorls~d to odkct and
arrb? ~ v~~. at I.sadar~. o~ion, dth.c to r~.co:adon ae repair ot y,s w~Rr or to the snm..~ecarad by ~l,i. ~[o~a~e.
Ualea L~desand Bo~owarotherwi~sagreeinwritin~,~W?~haP~~P'~~P~+P~1~hallnotestenda~po~tponethsdns
date of the moothl~r installmea~ refe:red ~u in para~rapd~ 1 snd 8 bereof.or change the amonnt of sach installmenb.
10. Borro~ver Not Relea~ed. g~endoa oi the time for pqymant or modifi~tion ~ amortiution of the soms ~ecursd by thia Mortsa~e
granted by Lender to any auoaewr in int~est of Bo~eower shaU aot operate to release. in aqy manner. !be liabitity ofll~e o:i~inal Bamwer
and Hoecowror's snooeesois in intensk L~des ahall aot be reqnired to aummenoe Pmoeeding~ eBainst ~nch suooeswr or retnae to eztsad time
for paymeat or othawi.e modify amortisation of t6e anma eecured by thia Mortgage by nason of aay deuaand made by the original Bo:rower
and Bon+oads snooeeaors in intered. ~
11. Forbearanoe,b~ I.enda~ Not a Wdver. Aqy fosbeasencs by Lender ia ezerci~ing any ri~ht oe remedy heieunder, or othee~viie
afforded by agpticsble lnw~ aball n~ be a wairer of or pseclnde We azercise ef any snch right or ramedy.'!ha ~t of inanraaoe ~ the
paymeat of tazes ar otber lie~u ~ charges by Lender ~hall not be a waiver of Lender's right to ~oatnrity o~f ihe indebtedne~s
secured by this Mortgage. . ~ oa
12 Remedie~ Gtimnladve. All nmedies p~ovided in this Matgage are distinrt end cnmalative to aqy other si~ht or remedy nnd~ thi~
Mort~?sge ar a~orded by law or eqnilq. and mqy be ezen;i~sri ooncuneat~y. indepeadently or snooewivelq.
13. Snooeswrs and Assip~ Bound: Joint aad Several Liabilit,; Ceptions. T6e oovenents and ag~~eeaients ha~in oontained shall
bind. and the rights hennnder ahall inure to. the rerpective snooeaors a~ awigiu of Leader aad Horro~ver. subject to the pcovisi~s of
paragreph 17 hereoL All oovu?anta aad agreemants of Borrowa ~hall be joint and ssve:al. The captiona and headings of tbe paragraphs a~
this Matgage are f~ caveni~ce on~y and are not to be used to inte:pcet or define the pe+ovisions hereoL
14. Notioe. T:cept foz any notice required nnder applicable law to be giv~ in another manner, (e) any potioe to Borrow~ provided for in
this Mortgage ahall be given by mailing snch notioe by oertified mail addreese~d to Bo~rmwer at the Propeity Addresa or at snch otheraddee~s as
Boirowar may deaignate by aotiae to Lender as provided herein. and (b) a4~? notice to I~eader ahaU be given by oe~rti5ed mail, ~ i+eoe~pt
t'e4neded, to Le~dds address stated hera~n or to snch otb~ addn~s as I.~de~ mqy designate by notioe to Ho~rrowe~ as provided herein. Any -
notice provided for in tbia Mortgage shall be deemed to have beea given to Borrowez or Le~der when givea in the manner deognated h~n
15. Uniform l[ort~a~e; Governin~ Lsw
, Severability. T6is form of mortgage oombinee uaiform oovenenb fa~ national nre and non-
uniform cove~snte with limited variations by jnrisdidion to oonstitnte a uniform security inatrnma~nt oovering real p~operty.'lbis Morfgaa~ee
ahall be govemed by the law of the jurisdiction in which the PropeiRy is located. In the evenf that aqy provision or claase af this Mortgage or
the Note conilicts with a~licable law. anch conflict shall not affect other provisiona of this Mortgage or the Notewhich caa be givea effect
. withont the oonflicting provision. and to this ead !he provieions of the Mortgage and the Note are dedared to be severable.
16. Borrower's Copy. Bormwer shall be fnraished a conformed oopy of the Note aad of thia Moctgage at the time of ezecution or altar
recordation ha~eoL ~
17.1Yansfer ot the Property; Assumption, ff all ~ any peut of the Property or an interest therein ia soid or transferred by Borrower
without Lende~e p:iot writtca oonsent~ ezduding (s) the creation of a 1i~ or encambranoe snbordinate to this Mortgage~ (b) the creation of a
r~r~.hsr maney o....°^uzity interest for hansshatd aFPliances. (c) a tranafer bs 3evsss. dascent oT by op~atio~ of lav~ upoa il~ ~ath of a joint
tenant or (d) the grant of sqy leasehold iatezest of three yeara or less aot oontsining an option to pnrchase, Lender msy. at Laider's op4on.
declare all the eums secnreu bq thi~ Ma~tgage to be immediatel,y dae and pe~yabk. Lender shell have waived wcL option to eooelerate if, prior
to the sak ar transfer. Lender and the pereoa to whom the Property ia to be sold or transferred reach agreement in wniting thatthe creditof aach
` pereon is eatisfactory to I.ender and that the interest payable on the sama secured by this Mortgage shall be at such rate as Lesder shall
• request. If I.ender has waived the option to aooelerate provided in this paragraph -17, and if Borrower's sn~cessor in interest has ezecuted a
written eaeumption egreement aooepRed in arriting by I.ender.I.ender shall release Borrorvar from all obligations nnderthia Mortgage and the
Note. ~
If Leader ~ercises anch opaon to aooelerace. Le,nder ahall mail Borrower notice of aooeleration in aooordanoe with parsgraph 14 hereoL
~ Such aotice ehall provide s pe:iod of not lese than 30 daya from Lhe date the n~ice ia mailed within which Borrower may pay the anms declared
~ due. If Borrower faile to pay wch aume prior to the ~piration of snch paiod, I,e.nder may. without fusther notioe or d~and on Borrowror~
~ invoke any remedies pe:mitted by paragraoh 18 hereoL
18. Aooeleration; Remedies. Ezoept as provided in para~raph 1? 6ereof, apon Borrower's breac~ of aq~ oovensat or
E agreement of Horrower in thie MortBaBe. including the oove~nanta to pssr wh~ dne eqy snm~ secured by this ltortsa~e. Lender
( prior to aoceleration s6a11 mail notioe to Horro~var a~ provided in para~rsph 14 hareoisped~ia~ (1) the breacb: (Z) the action ~
~ requtred to care wcb breacl~; (3) a date, not le~s than 30 deys hom tLe dgte the notioe i~ mailed to Borrower, by w?bich sach
~ breach mnst be cured; and (4) that failare to cnre each breach on or before tbe date spedfied in the notioe mey resnlt in
acoeteration of the sams ~ecured by thia ffiortgage, foreclosare by f udictal ps~ooeedins and saie of the Pro
! further intorm Borrower oi the ri~ht to reinrtate attereooelerat3on and tbe PertY.The notioeshall
~ r ri~ht ta awert in tbe foreclwure proc~eedin~ the
~ non-e~tenoe of a detsnit or aqy other defense oi Horeower to aooelerwtion and foeecloa~re. If the breach b not cared on or .
~ before tbe date spedRed in t6e nodce, Leader at Lender'~ oPtion msy decLre ~Il of tbe ram~ secored bp thi~ 1[ort~a~e to be
I immediately dne and pa~yable withoat fnrther demaad and may fort~close this 1[ort~a~e b~ f ndicial prooeed;ns. Lender sha11 be
j entitled to oollect in sach prooeeding a]l. ezpenses of foreclosure, incindint, bnt not limited to. reasonable attorney's fees, end
~ coats of docnmentary evidence, ab~trects and title reports. ,
~ 19. Borrower's Ri~bt to Rein~tste. Not~vitbatanding I.ender's aooeleratioa of the sums aecnred bq this Mortgage. Borrower s1~all have
j rhe right eo have anY Prooeedings begun b~? I,ende: to ento~oe thia Mortga,Te aisooncinnea at any time prior to entq? of a jnagment et,ton~ng
~ this Marteaee if: (a) Bon+ower paya L~der all sums wlrich wonld be th~ dne nnder this Mortga~e. the Note and note~ eecuring l~tnre
Advanoa, if sny, hsd no a4caleration oocare+ed; (b) Borrower cuns all bnaches of aay other ooveaanb or agreeme~ts of Borrower ooatained in
this Mort8a8e; (c) Borrowa pays all nasonable ezpeasea incarred by Iander in enforcing the ooveaanb and ag~ents of Ba~rower
~ contained in tbi~ MortBage and in eafo~ine Leadda resnedie~ a~ pmvided in paragraph 18 hereo~ inclnding, bnt nat limited to. rs~uo~nabls
attoraeq'a fees; and Borrower tsl~es snch action as Laflder may reasonsbly reqnire to aesnre that the lien of this Mo:tgag~, I.eadd~ iaterert
in the Property and Barrower's obligation to pay the snma ~ec.wred by this Mortgage shall oontinne nnimpaired. Upoa snch payment and cure
' by Bore+awer. this Mo~fgage and t6e obligation~ ~ecvnd h~eby ~haU remain in fnll. foroe aad e~ed as if no aooelaatioa had oocnsred.
20. Assi~ome~t of Renta; Appointaent oi Reoeiver. As additional se~nrih? hrrenndez, Bormwer hereby e~ai~n~ to I,ead~ tbs reata
. of We PmpsrtY, Pi'ovided that Bor:vwa shaU, prior to aooeleration nnder paragraph 18 hereof or abandonme~t af tbe Propectq. have tbe ri~ht
to oolled and retain aach e+enh as they bsoome dns and payable. -
; UPon aooeleration nnd~ paragraph 18 hereof o~ abendonmrat of the Propaty. Leader shall be entitled to have a reoeiver appointed by a
` oonrt to ~teraPon, taka pc~ewion of and mana~e the Propeety and to ooUed the re~nts of tbe Property. includin~ tbo~e past dae. All rrnb
~ oollected by tbe reo~ver shall be applied SM to paymeat of the oosb of mana~emeatof the Property and oollec~ion of reab. indadin~, but not
k limited to. rsoeiver's feer, peemima~ on reoeiver'~ boads and nawnabls attorney'~ fees. aad then to tbe ~um~ ~ecasad hy this MortgaQe, The
f receive: ahall be liabk to aooonnt only far tbwe reat~ actaally reoeived.
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