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8. Ci00dl~de~.1~N p[00!!d/ Of aIIj/ apiia 0! C~ID ~0! diID~M~ ~lrCt C! OOnNQY~D~,1110001l~C'1~OR 1/l~ i1~i OOR~O11t~01! O[
OvlR tt~l1~ C~ ~}N P~'0~1. Q~K O? f0[ OOQrlyeDO~ ~A. ~O Ot OOII~II~~OD~ al+! }1~~1 ~D~ alfd v1~ ZO l~lDat.
T1! ~ OYlnt O~ i ~1 ~Tls Or ~M p!'O~~ ~!t ~'000l~ ~1~ b! i~ld t0 ~N ~4m/ NCri~ ~i ~l~t ~0l~~~ N~~l ~N. ~O~M~ ~ iD~is
paid to 8orrower. In tlw ewat oZ a p~riial takin~ of tbe Propaty. ndeM Boerawer and Iendee othaaiM asres in wei~. fb~ee ~hall bs
apptied`to t~ wms Ncarsd b~r this ~[aet~~ ~nch pe~opo~tioa at the prooeed~ w is eqnal b tb~t pcoporlion which tbs ~mooat at tbe anms
sscured by 8~is ~[at~snim~mediatell? Peio~ to the date of tal~in~ bsir~ ~o ths fair mertet valns oitl~e Propset,y immedia~r ptior to the date oi
taidni. with th~ b~lana d ths ~~ooesd~ Paid tc Bosrow~. _
If tbe Propee~y i~ abandoned by Boe:ow~~ ac i~ aibr notios by Leadee to Barower that tl?~ oondemna~ o![ez~ ~o m~e an award or ~attls a
claim for dstn~e~. Barowe~ fiib to re~poad to Iwndaz wiWin 90 dsy~ atte~ tbs d~t~ ~nch notios i~ mailed, Leadee i~ antiwtised to odkct a,nd
appur the prpo~ed~. at Leeldw'~ op~ioa. eitbec to re~to:ation ae npair oi tht pcopeety or to tbe ~nm~ ~ecared b~? tbi~ Moeqi+~s.
Unlea n~~~u~~ oiberwi~s ase~es in wrltit~, aqj?~ch applicatioa of procesd~ to prindpal ~haU not e~tend ae pwtpoas the dne
date a~ the b ref~red t~ in pera~rap~ 1 and Z hereof or dun~s We amonnt of ~nch installmsah.
10. Borrower Not Relea~ed. Sst~ension d the Ws~e for pe~ym~t or modi8cation of amor~ation of the sumr ~scured by tbis Moit~aa~e
granted by Lindae b aqy ~nooe~ws in inte~re~t of Bosrower shall not oparate to releese. in any mann~. the liabiHty of the rnri~ina! Borrower
and Borrowar'~ wooewoea in inters~t Lender shall not be reqnired to aommenoe proosedin~ aQain~t such aiooeMOe or rd~M ~a e~Lend time
tor peymenf or otherwi~e modib? aawrtisation of the snms seauted by thie MottBeBe by reason ot any demand made by the original Borrower
and Borrowa's snooerwis in interest.
11. Forbe~r~nos b7 I.eoder Not a Wdver. Aqy forbearenos by I~der in ezercirin~ anY ri~bt oe remedy hereunder. ~ othe:wi~e
agorded bq applicabls law~ shall not be a waiver of or prec]nde tbe ezerGi~e of aqy sach right or remedy. Ths p~oeureanent of insnraaoe oc the
PaYment oi tszes or other lieni oe char~s by IwndR rhall not b_a waia~ of I~e~dei'~ right ~o aooelerate the matarity o~ the indebtedaew
secnred by this Mort~age. - _ . ~
12 Remedie~ Cnmuladoe. All ~ p~ovided in thi~ Mo~tgage are diatinct and cwmulative to aay ofLer r~ht ar remedy nnde~ thi~
Mort~age ar affio~ded by law or eqniqr. and may bs ese:ci~e~l ooncasreatly, independeatly or snooe~sive~yf, F
13. 8nooesws~ and A~wi~ns Bound: Joint and 8everal Liwbilit~; Captions. Tbe oovenants and a~re~ta he~re;n oontained shall
bind, and the righb heceunder sball innre to. the re~pei.~ive ~nooeswrs and sai~na ~ Londer and Borrol?e~. subject to the provisione of
pa~egraph 17 hereoL All covenants and ag~ments of Bo~rer shall be joint and sevaal.'!be captioas and headinge of the paragrapbs of
this Mortgage are for ooveaienae only and an aot to be n~ad to intsrprst or de5ne the proviaiona hereoL
14. Notioe. E:cept far any notice required under applicabie law to be given in anothe! manner. (a) any notioe to Bormwer provided tor in
this Mortgage ~hall be givea by mailing such notioe by oertified mail addresaed to Borrower atthe Property Addres~ or at sach oWer address as
8orro.ver may designate by notioe to Landez es provided herein. an~1(b) aW? notioe to Lender shall be given by ce~Rified mail, retnrn reoeipt
~ reqne~ed. to L~?dez's adde+e~s atated herein or to sach other addrew as I.ender may designate by notioe to Bosmwer a~ provided herein. Any
notice provided for in tbi~ Morf~ags ehall be deemed to havs been ~ivea to Bormvve: or I.end~ w~en ~ive~a ia the manne~r desigaated berain.
` 15. Uniform l[ort~a~~ Governin~ Law; Severabilit~. This form of mortgage oombines nnifozaa oovenanb for national n~e and non-
~ uniform oovensats vvith IimiLed variations by jnri~didion to o~nstitute a nniform aecurity instrument oovering real propeety.lLis Mort8a6e
' shall be goveraed by the law of the jnrisdiction in which the Property is located. In the eveat that any provision or clanso of this Mortgage or
~ the Note oonflicta with applicaWe Iaw. sach oontlict shall not aH'ect other pmvisiona of this Mortgage or the Note ahich can be givea effed
F without the oonflicting proviaion. and to this end the provision~ of the Mortgage and tbe Note are dedand to be saverable:
16. Borrow~er's Copy. Borrower ahall be furnished a oonformed oopy of the Note sud of this Mottgage at the time of ezecntion or after
reoordation henoL
17. Z`rander at tbe ProPerty+ A~susnptioa. If all or aqy pa=t of the Properiy o~ an interest therein is sold or transferred by Borrower
without Lende~e prior writt~ oonsent, ezclnding (a) tbe creation of a lien or encumbranoe suboidinate to this Mostgage. (b) the creation of a
purchese money ~ecnrity interest for household applianoes. (c) a transfer by davise. desoent or bq operation of law apon the death of a joint .
teaent or (d) the grant of aay lwehold intezest of three years or kss not oontaining an optiQn to pnrchese. Lead~ may~ at I.ez~der's optioa,
declare all the sums secared by this Mo~rtgage to be immediat~? dne and payable. Leade~ shall bave waived auh aption to aooelerate i~ prior
k to the sale or tranefer. Lender and the person to whom the Proptrty is to be eold or transfere+ed reach agneement in writing that the credit of sach
! pereoa is satiefactory to I.e~nder and that the interest payable on the enms secured by this Mortgage shall be at snch rate as I.ender shall
~ reqneet. If I.ender has waived the option to accelerate provided in thia paragraph 17. and if Borro~rds anooeesor in interest has ezecuted s
E writtea asenmption agr~eement aocepted in writing by Lender. Lender ehall nlease Bozrower irom all obligationa nnder ihis Mortgage and the
Note. _ -
If i.~nde~ ~ercieee anch opcion to accelaace, I.ender shall mail Borrowez notice of aooeleration in aocordaace with paragraph 14 heno£
F Snch notioe ahall pmvide a p~iod of not leea than 30 daYa firom the date the notice is mailed within whi~h Bosrower meY PaY the anma declared
~ due. If Borrovver faile to pay anch snms prior to t!~ espiratioa of such period, Leader may, withoat fnrther notioe ar demand on Borro~ver,
invoke any remedies pe:mitted by paragraoh 18 hereof.
18. Aooel~ration; Re~edies. Szoept a~ provided ia para~raph 17 hereoi, upon Borrowrer'~ breach of any oovenant or
a~re~ent of Borrow~ in this l[ort~e~e. inclndin~ the eoveaants to pay when dne aq~ sum~ secured by this l[ortta~e. Le~der
~ prtor to acceleretioa ~Lall maU notioe to Borro~ver as provided in para~raph 14 hereof spec~yin~: ~1) tha breacb; (2) t6e actioa
reqnired to care snch breach: (S) a date. not lea t6an 30 days trom the date the notios i~ mailed to Borrow?er, b~+ w+bich sach
~ breac6 mnst be cnred; sad (4) that fi~ilnre to care wch breacb on or bsfore We date ~peclHed in the notloe mqy rewlt in
~ acoeleration oithe wms ~ecured by tbis 1[ort~ase, forecloau~e by indicial prooeedin~ aad ~ale of the Prope~ty. The notlce ~hall
farther inform Borrowes of the rt~ht to rein~tste aRer aooeleradon aad t6e ri~ht to aaert in tbe foreclosure proceedin~ tbe
noa-ezLtenoe of a detanlt or any otber defense of Horrower to aocelezation and fo~eclos~e. It the bt~each is not wred on or
~ before the dste ~pedlied in the notioe, Leader at Lender's option may declare all of t6e snms se~nred by thi~ 1[ort~a~e to be
immediately dae and pqyable without t{nrther demand and may foreclose thi~ 1~Iort~~a b~? jndicial prooeeding. Lender shaU be
entiUed to oollect in snclt prooeeding all ezpenses ot foreclosare, inclnding, but not limited to, reasonable attorney's fees, and
owta of doeumentar~? evidenoe, abstract~ and title reporta. .
19. Borrow?ez'~ Risht to R~astate. Notwithslandin8 Ieader's aooeleration of the ~am~ aecured b3? this Mort~+~ge. Borrower shall bave
~ the riQht to have anY Piooeedings begun bs? Leader to ~foroe this Mortga~e disoontinaed at aay time prior to eatry of a jndgment enforcing
this Martgage i~ (a) Borrower pays I.enda aU snms which wonld be thea dne nnder tbis MoTtgage, !be Note and notes ~ecuring Phtnre
Advana~, if any, had no aocderation oocarred; (b) Borrower cures all breache~ of any other ooveaaat~ or agreemeata of Borrower oontained in
this MortBeBs: (c) Boirow~ pays all nasonable e~peases incnn~ed by Lender in enforcing tbe omre~antr and agreemeat~ of Borrow~
oontained in thi~ Mortgage and in e~forcing Lendds resnedie~ es provided in peraQraph 18 hereo~ inclndiag. bnt not limited to, reawnabls
attorneyrs fee~; and (fi Borro~var tsl~es such action as Leoder may rea~onably reqnire to arnre that the lien of thi~ MortgaQe. I.eader'~ intered
in the Propaty and Borro~ver's obligation to pay the ~nms ~ec~d by this Mo~tgags ahell oontiaue nnimpaired. Upon mch paymeat and cnn
by Bonm~er. this Ma~tga~e aad the obligatioa~ isc.vred ha~aby ~hall re~main in fiill foros and e~ed a~ if no aoceleration had oocurred.
Z0. Assi~omeat oi 8ent~ Appointment oi Iteoeiver. M additional ~scusity heraandsr, Hocrower hee~sby eui~n~ to Leader the renta .
of the Propezty, provided that Borrower ehall, prior to sooeleration under para~raph 18hereotor ab~ndonmeat of ffie Property. have the right
~ to collect and retain sn~h renb a. they become dae and payable._
Upon aooderation nnder paragraph 18 henof or abandonmeat of tbe Pmperty. Lender shalt be entided to hsve a reoeiver appointed by a
~ oourt to eater~pon. take poNeMion of and mana~e the Propeety and to oollect the reata of the Propecty. includin~ tho~e pa~t dne. All reats
~ oollected by the reoeiver shall be applied fu~t to p~pmeat oitbe eo~b of maaasemeat of the Pe+opaty and ool~ of reatr. incladin~. bat aot
; limited to, nosivds fees. Remiuau on rxeiver's bond~ and reawnable attorne~~ fees~ aad thea to the soms ss~+ed by tbi~ Mart~a~s. Tbe
~ recaiver shall be liabk to aooonnt onlq far thwe reab adnally received. .
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