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F Lei~d~r s:rnllCn acJ~ECrt.ert ::i aF~ptiCuUic ~"s~~ E3~irotiun Sh~fll Ndy tr~e am~yr~t~~~mUrtc~ay~~'9y~nCc; ~.~c:•• tn'r~'s
i rn:ari~~er ~iovi~leU wuSi;r ~~~ir;~c~ra~~h nure~f
! Any ~~rnaunls ~]isuursacl t~y L~nUer ~u~~uant t'v tn+S ;~~?ragra{~h 7, ~.~{h ~nterest tnareur,. st~at~ t,~cu~~~r ucu~t~onal
~ indebtetiness oi E3onowc'r Sc'curt,~ci Gy this MoitgayE. Unless B~~ro~::ar ancl Le:~~er agree to o[her tein}s ut ~~,~yi~~nl 5ucn
amounis shai~ ba pa~at~lt u~on iioUC4 !~om Lend~r to Borru~ver recauest~ng payment thereul, anq shali bc;~~ ~nirr~st I~om tnr
cSate uf ci~sb~rsement a; thc,~ r~ite payable trorn Um~ to i~me on oulstandmg ptinC~pa~ unUar !he Note unlESS ,~ayn~ent a!
` inlerest at sucr~ rate ~ti~uu?ii t,e conuary to appt~cable IaY;. +n wh~ch evern sucn amouMS shat' bear ~merest at tr;C riyhesl ratE
~ perm~ss~bte unUer appi~caoifr !a•:i Noth~ng contameci ~n th~s paragraph 7 shaU requ~re Lender io incur ~;ny exp•~nse~.~ !~+~.c
~ any aciion ner•~unuei
8. 1n9peCtian. l.enaer rnay make or cause to be made reasonabie entnes upon ~nU inspeClions ot lhe Pro{~eriy,
prowded that Lender shall c~~~~ 8orro~rE•~ s~ol~ce ~.~~~or to any 5uch ~nspect+on speciiy+nc~ rtl~SOnable c~1~st; tnt~~ ~:tui re!ateU io
~ Lenders ~nterest ~n the ProR~rty.
~ 9. Condemnation. TheproceEcfsofa~iyawar~urc~a~miordamages.directorconssquent~at,inconnectwi~vn~r~;,~~,
y condemnaUVn or oiher tak~ny ot the P~operly. or pa~t lhereol. or Ior conveyance in t~eu ol condemnat~on, here~yass~gnec~
~ and shall be pa~d to Le~der. _ .
~ In the event ot a total lak~ng ol ~he Property, the proceeds shall be applied to the sums secured Uy tn~s Alortyaye.
' ?vifh the excess. il any pa~u to Borrower In t~ie Pvent of a pa~Uai taK~ng ot the Property unless Boncwer an~i ~enc~Er
~ other~vi;e agree in ~vrit~ng, there sha11 be appl~eci to the sums secured by th~s Mortgage such ~roport~en ot ine p~ucC~~.:S
as ~s equal to that propor~~on 4•:n~ch the amounc ot ±t~e sums secureci.by thts Mortgage ~mmed~ate~y pr~or to t~~~ c~»~
; takir.g bears to the ta~r ~n~~rket v~i~e of tne Property ~mmecliately pnor to Ine date ot taKing. wUh the ~atance oc tr~e ~to;..~ctc:~
~ paid to the BorrowQr. ~ ~ - . ,
It the Properiy ~s abanUcn~d by Borrowe!, or ~t, atter not~ce by Lender to Borrower that the condemnor otlers to maKe
~ an award or settte a clasm to? dam~ges. Bano~ver fa~ts t~ ?espond to LenJer w~thm 30 days alter the date such not~ce ~s
ma~led. Lender ~s authonzed to collect and aRP~ti~ !he pruceeds. at Le~ ~ers opt~on. e~lher to ~estoraUon or repas~ ~t tt~e
; Fcoperry ar ?o the sums secured by th~s Mortyage
; Unless Lenaer and E3orrc;ler othenwse agree ~n :v~~t~ng any such applicaUon ot proceed5 to pnnc~pal ;hau n•~t exteno
or postpone ttle due dete ot tne month4y ~nstaltments referred to in paragraphs 1 and 2 hereof or change t17e amount ot
; suCh installmeMS. ,
s t O. Borrower Not Rel~ased. Extens~on of tne t~me tor payment or mod~(~cation of amortizat~on ot the s+ams sec:,rcu
F by lhis Mortgag~ granled by Lender to any successor m interest of Borro~ver shatl not operate lo release. m any manne~,
the I~ab~~+ty ~t lhe orig~nal E~orrorver and Sorrower s successors in ~nterest. lender sha11 not be requ~rsd to commence
proceed~ngs aga~nst such successor or retuse to exte~d time br payment or othenv~se modify amorUzat+on ot tne ~ums
; secured by this Mortyage by reason a! any demand made by Ihe onginal Borrower and Borro~vers successors ~n interest.
~ 11. Forbearance by L~nde~ Not a Waiver. Anybrbearance by ~endecin exercising any right or remedy hereunaer. '
or olhervvise atto'rded by appficabfe ~aw, shall not be a ~vaiver-of or preclude the exercise of any such nght or remedy.
' The procurement of ~nsurance or the ~ayment ol taxes or other I~ens or cha~ges by len~ier sha4i not Ge a~~ra~vEr o~ Lender s
` right to aceelerate the. maturity of the ~ndebtedness seeurea by th~s Mortgage.
~ 12. Remedies Cumulative. Ai1 remedies ~~;ovided in th~s Mortgage are d~st~rct and cumyla~~ve toany otner r~gnt or
remedy under thrs Mortgage or atfordec~ by iav~ or equity, and may be exerc~sed concurrentty. independently or success~veiy .
= 13. Successors and Assigns Bou~d; Joint and Several L'+abitit~r; Captions. The co~~enants and agreemen?s
€ here~n con!a~neU shaU uinU. and the r~ghts hereunder shalt inure to. the respect~ve successors and ass~gr•;
~ ;_Pr.•; er and Bo~ro~ve~. sub~ect tv ltie pr~~v~s~ons of paragraph 1 7 hereof. All covenants and agreements ot Borro..er shati Ce
t. ~etim anc~ severat : he capUons and heaci~ngs ot tne paragraphs ot th~s tJ~ortgage are for coven~ence onts-an~ are no; t~ be
~ used to ~nterpret or define the provis~ons hereot. ~
z 14. - Notiee. Except lo: any not~c~~: tequ~rec2 under app~~cabie Iaw !o be grven in anotner manne?, +a~ any n~t~ce to
Borro~ver prov~ded f~r ~n th~s M~rtgage shall be g~ven ~y mailing such not~ce by certif~ed ma~! adaresseU to Borr~~.:~.:r a~
the Pro~:e~ty Acidress o! at s~ch other acsdress as Borrower may des~gnat~ by not~ee to Lender as p!oJ~!.+ecf here~r..
(b? any not~ce to lende~ shaft be g~ven by ee~tst~ecf ma~t. retum rece}pt requested, to Lender s address stat~U nere~n ;,~r
` such o?~er acidres~as Lender may.designate by not~ce to.Borrorver a~ proy~ded here~n. Any not~ce prov~ueci for ~n tn~~
4 Mortgage shall be deemed to have been g~ven to Borrower or Lender when given~~n the manner des~yna{ea here~~~.
' 15. Uniform Morigage; Governing Law; Severabllity. This (orm o~ mortgage combines untfo!m ~o~.enar~_
/l~ltli~ti~{! ~:E ii71Cl !`,U.'1''Jll:~llfT[-~. L~~~~~S~iif ~i~'::t~~~ ~1l1}I~E3C~ ~:~3r~~t~~nS by )u~~5tii~.tia~ t0 COnS1~lUt~ a unif~rm S~~~r~ly it1S(lL:t' : r.'
CO~>er~ng reai ~rope~ty T!'c? s!a!~ anci iuC~31 ?~t•r5 ~1G?~~iCdblE l0 lhi5 ~A^rt:~age:snaU be tne~~aw5 Ot Ift6 )UtiSdtCltfltti +n :,n•~!'
- the Pro,3er~y i~ :'U:.'illt'~ T}~F fUr:=•i:,>~f?L~ ~t r11~t1Ce Sr1~3(~ (YO~ ~I!Tl~< <flE' ~I(~F)IiCijr:~l1~)' J1 fE.'~f.'f31 }2:'f ~O Tn~~ (1'.i ~..r~;~~C if' :~T:'
t EJ . y ~ > > r; , c- c~ r~ r;r f~i 1''i?n. ~ , r,
+~~17 ~IZ" fll.i=ip7~ L ~t.-. . 1~ d'_ ' U/ .fi~ i'.Uit_ IC._ 1:IIli :O~~;Ci.C3' ~~it;. u 1 C. f C_ _ -
I,',~,)`,I:.:C;II= .~l!'~ _ - _ '!'c_- ~ . ...;1G_~', t..!! 1it' ~:.C` i:~'..~~~ .:i~'lOUt l~'f~ CU~1f~;C1: 'i7 .;f! . ~ . . ~ _ . ~
~..u:i_~nr~, ! t~.C .ti~,.~!c~~~ctE= :?+-~f t'~c~ _ ~re ..~~~!.is'r.:: 1=~ t,, sic~:E-!aL!e
~ 16. 8orrowe~s Copy. 8onowFc s!~a!I be fUrn,shed a conformed copy of the Note and of th~s Mortgaye at tn~ t~m~
~ ot zxecuuon or aiter ?eco~cat~cn nereot ~
~ 17. Transier of #t~e ~roperty; Assumption. Ii ali or any part ot the Property or an mterest It~erein ~s sola cr t~ar~'~~~t~~
bv 6o~f~.;:.e? •:~~tna:;t Lenuer s~r~or v,rFtten c~nsent. exc?uding ~a) tne cteat~on o! a t;en ~r Q!l~UfT1J`a~l~'~ ~.'•."`.!f?~;:!_
Ih~s hlectgaye, ie; tt~e creation o~ a pu~chase money security ~nterest [cr hpusehofd app~~ances. ~c? a tra~~sier o~i a~~~se.
• ~ Uescent o! by aperatien of la:~ upon the death of a ~o~nt tenant c~ (di the grant of any ieasehotd ~nterest ot tnree years or lass
not con~a~n,ng dn option to pu~c~~ase. Lender may. at Lender s opt~on. declare all the sums secured by th~s Mortyage ?o ~e ;
~mmed~ate~y tiu° anc~ payabte 1_encie~ st~a!t have vtia~.ed such aation to a~ce;c~aie ~t pnor ta the sa~e or transier. !?n~•~= ;
and rhe ~.;er;•~n to whom the F~u~erty to be so~d or transferred reacn agreement in ivntiny ihat the cseUa ot ;•;~~ce u~ss~.:~ ~ ~
~s s~USiac:',ury to t_HnUer ancl 1~~a1 tne interest payabte on tne surrzs secureq oy this Mo~tgaye sha~~ be at such rate as Le:~~~e~
sna:~ r4~ti~~st 91 Lentler <<as •:.ar;e~ !he up:~an to acce~erate prov:ueci ~n th,s paragraph t 7. and ~f Borros•rer s su~cesser ~r `
- ~ ~n!erest c~a, C~.~cut~cl a«n~t•~+~ ~s ~-~umptse~~ ~yr~ement ac~epted ~n wr~t~ng by Lender. Lender shaii retease i3orro:•:er t: v~ +
o~~~gas~c~~~ uncer tn~s'~.~urty~~~ a~d the hote. _ ~
- !S Ltr~t1:! i:xer~~~~e~ iuG" O{~.:,n tv a~~~eierate. Lencier sha!: ma~~ Burro•.~Qr ?IOI~C@ 01 2CC~IBraiiG~~ ~;f ~LCOiJ4r.t.e .:~t''
~ p~fayra~;r~ ; K ii~renf. S!~Cn ,;;t:c~ sna~_~ provide a penod of not less ihat 3G days trom the da'e the nol~ce ~s ma~~ed w~tn~n
:~h~ch Bo;ro~:c~ may pay the ~urr+s dec~ared due. If Borro~ver fa~~s to p~y such sums prior to ihe exp~r;~i,on of sucn pencci
~ Len~er may, ~•:itro~t fu~tnet n~~~~e er dernand on 3orro~ver. m~oke any ~emedies pe~m~tteu by paragsaph s8 rerE~_~f -
~ NO~~-L'N1FOP.rd COV~:P~ :t~:TS. Bor~o:rer a~d Len~er ~~rther covenant and agree as fot~o:+s: _
; ~ 18. Acceteration; Remedies. Except as provlded i~ paragraph 17 heseof, upon Borrower's breach of. any
covenant oragreemeni of Borrower in this tiAortgage, InNuding the covenants to paywrhen due any sums sscs+red
~ by this Mortgage, Le~der prior to acceleration shall mail notice !o Bortov~?er as provided In paragraph 14 hereof
~ specifying: (7 ) the braach; (2) the ac#ion reqs~irod to cure sueh breach; (3) a date, not legs than 30 days from the ~
{ datethenoticeismalledtoBorro~+~ver,bywhichsuchbr~schmustbecured;end(4)thatfailuretoauresuchbreach ~ ~
~ an ar beforo the date specifiesi in the notice may result in accelerotion of the sums secured by this Mortg~ge,
~ toreclosure byjudicial proceeding and sale ot the Propsrty. The notice shall fu~therinfnrm 8orrowerof the right to
~ reinstate atter acceleratioR and 4he right to assert in t~e foreclosure proce~ding the non-existence of a default or
~ any othe~ defense oi Bor~ower to acceleration and forectosure. If ttle b~reach is not curad on or before the date
~ specified in the notice, Lender at Lende~s optian may declare al1 of the sums secu~ed by this Mortgage to be
~ immediately due and payable without further demand and may foreclose *his Mortgage by judicial procee~ling. ~
_ Lend~Y shafl be entitied to cottect ir~ guch proceeding all expenses of foreclosure, including, but not limited to, ~
. reasonable attorney's fees, and costs af documentary evidenc~, abstracts and title reports. .
' ~ 19. Borrawer's Right to Reinstate. Natw~ihstansi~ny Lende? s acce~eration ol t:~e sums secu~ed by this hlo~tyaur
~ Borrower sha'! have ?he ~~~-~~~t t~~ i~~ve any uroce~ti+ngs begur. by Lender i~ enforce th~s h"e?tgage d~scont;n;;ed at an, t~r^C
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