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t,;n~hr'ti ~srittcn a~rcrmenl i~r ap~~lirahlc I:n+. i;,~rr~,~.~cr shall pay the ainuunt of all rnt,tig.~ge in~urance premiunts in the ~
tnannri E~n~~ i~lr~l untlcr ~~a~.~Fraph 1. hcrcuf. ;
An~' ;~niuuntti ~lithurscil hp Lenilcr ~~ur,~ ~?~ie r~raKraph 7, with ~ntcre~t Ihereon, shalf hcc~~rnc additi~nal i
in+!~~I~~r~ln~•;. ~~f tlorri~~ti•er tcrured hp thie Mi~tt~~.i.:c~ l'~ile~: Rorr~~~tcr ;~nu I eneler c~grec tci c~lher lerm~ ~f Payment, Such ~
:ur.~~u~~~ .!~.~II he pa1'ahle u~~~~n nn~icr f~c~m 1 en~'; r Iti,rrc,~~rr requesting pay~rnent Iherec~f, and chall hear intere~t fmm the ~
~I:itc J~ 1~•~rtement at the ratr r:i~•ahle (mm tinir t<~ time c~n ~utstandin~ ~rincipal under Ihe Nnte unle~e payment of
intcrr~t ~urh rale woulil he cemUary~ li~ app!icahle I.,~.v, in ~tr~~~~r, e~'ent tuch amc~unt< <hall hear intere~t at ~he highest rate
E~eri~~~~:ii~lr under a~~E~lic~~hlc la~~~. N~~thinF contained in thi~ par.igrarh 7 ehall require t.~nder t~ incur any exp^nse or take
:inc tinn hcrcundcr.
R. Inspection. t.en~ler ma~~ m:~kr i~r canee tc~ he rnade reaec~nahle entrie. u~~c~n r~nd in~pectii~n~ ~f the Pr~~erry. pmvided
th;~l 1 eniler ehall ~ive F]iiric~~ver n~~tire ~xior to any sucli ineperli<~n s~ecifyin~ reas~nahle c.~uec therefc,r related tc, Lender's
~f,~ r~~,re<<~~.
9. ('on~lemnntion. "fhe ~~n~ceedc ~~f ;iny ,i~ti•c~rd e~i claim (c~r damaec:, direct ~r c~n~eq~iential. in c~nnecti~in with anV
eondrmnati~~n or e~ther takin~ c~f Ihe f'rc~perty, e~r part lhere<~f, c~r fc~r c~~m~eyanee in lieu ~f ec~ndemnaticm, arc herehy aesigned '
an~l ~hall he paid t<t t encler. `
In Ihe event of tc~tal t:~kinE c,f. ~he Prc~pert)•, the ~re~cerde thall he ap~lied t~ the tumc secur~d hy thi~ ~1c~rtRaRe,
«•ith the c~cecs, if ~nv, E~aid tc~ I3orrc~wcr. In the event c~f a p~rtia) takin~ ~~f the Pr~rerty, ur~lecti R~rr~~+~er and Lender
c~then~ice agree in writin~. there chall he aprlicd tc~ the tume Secured hy thi: M~rtt~aCC ~uch pr~porti~n nf thc prc~cecdc
as ic eyu.il te~ that E~r~~inrtic~n which lhe amnunt of the ~i~m~ ce~i~red hy this ~tc~rtgage immediately ~ri~r te~ the date of
takinR hears to the fair market ~alur c~f the Prc~perty immcdi.~teh• rrinr t~ the ~late ctif t:~kinK. ~ti~ith the halance ~f the pr~cceds
~aid tc~ Ftormwer.
If the Prorer~~• is ;~handoned M~ B~rr~wer. ~r if. ~fter n~~ice hv T ender t~ R~rrrnver that the c~ndemnnr offcrc tc+ make
an :i~v;ird i~r ~eule a cl~im fe+r d,~nui~e~. (3e~rr<~~ver fail. t~~ re~Fx,nc1 ?c, f ender ~+~ithin 3~ day. after the date ~uch n~t;ce ic
mailed. I.en~ler is authoriird t~ c~llect and aE~rly th~ nmceed~, at ( ender'~ c~rtinn. either m rest~rati~r~ ~r rep:~ir ~f the
Ym~rl}~ ~~r Ic, the sum~ secured h~• Ihis M~rtea¢e.
Unlecc I ender :ind Rexr~n+er c~thenti~ite a~ree in ~.+ritin~ any tu~h ap~li~ati~n ~f pr~ceeds t~ ~rinci~~~l chall n~t ertend
c~r pe~~tpc~ne thr dt~c ~iate i~f thc mc~nthl}~ inetallment~ referred t~ in ~aragra~he I and ? here~f nr cnans~: the am~u~it of
such in~tallmcnls.
!0. S~rrov~er Nol Releaced. F~tenei~n ~f the tim~ f~r r~yment ~r m~dificali~n ~f ;im~rtirati~n ~f the sum~ tecured
hy~ Ihie ~11~~rtea~c er:~nte<I Fw 1 cnder ti~ anti ~u~ce:u~r in interc~t cif Rnrm~t~er thall n~t ~~er~te tn relca~c. in any manner.
the licihilily~ thr c~riein.il Rc~rre~«er :~nd f3;~rrrnt•cr'ti succe:v~r~ in intere.t I_eneler ehall not hc required t<~ c~mmence
~~r~~cee~lines ac~ainet tinch «i:ce~c<~r c~r rc(u:e t~~ crtencl time f~r pavment ~~r ~thenti•itie me~dify amc~rtiiaUe~n c+f the sumt
~ecured h~• thi; 4tc~rtgage ht~ re:+tinn nf an~~ dern;~ncl made h~~ the ~ri~inai (3nrm~~~er and Bc~; m~~•er'e suere~s~~rt in intere~t.
I1. Forhearance bf• I.rnder \~~t a 1Vai~•er. ~1n~ fnrhear;~nc~ h~~ f ender in e~crci~ing anv right nr remeit~• hereimcier. ~r
~~thertvise aff~~rded h~• applicrihlc law, ehall nc~t he w.ii~~er ~f -~r preclude ihe exercise ~~f ~ny such right ~~r remedv.
The ~rocuremcnt ~f insurancc or thc p~~t~ment c:f tate~ ~+r c~ther lienc ~r ch;irges h~• ( ender shall n~t he ~.v:~iver ~~f I:endcr'S
right tc~ accelerate the maturity c~f the indeht~dness ~e_ured h~~ thil \lnrtga~c ~
12. Remedies Ciimulative. A~I remedic. ~rc~vided i:~ thi; \i~~rtga~e :ire di~tinct an~i cumulalive t~ anv ~~ther right nr
remeit~• under tnic tilc~rtkaRe c~r afTc~rded ht• la~~ ~r equit~:. :ind ma~• he erere~~eel r~ncurrently, in~iependenth•~c~r tiucceteiv~ly
13. SuccesSOrs ancf ASSiRnc Bound; .Toint and Se~eral Liahilih; ('apfions. "fhe rn~-enantti .ind agreements here;n
cc~ntaine~l shall hind, ,~nd the ri~ht~ hereunder shall ~niire t~. tr~e re~~ecti~~e ~ncce~s<~rc and a~siknt ~~f Leneler .ind Rc~rm~+~r_
suhject to the prc~vi:i~n: c,f paragraph 17 here.,f. AI! c~ven:,ntti an~l :igreemenlc ~~f R~rr~,~.cer ~hall he }~~int :~nd ~e~~eraL
Thc caption; an~l heading, ~f the parair.i~h•. ~~f thic ~t~rt~~~Ke are fc~r c~~nvensenre ~~nlv ,mcl ar~ n~t t~~ he ~ised m
interpret ~r define the ~r~vi~it~n~ here~f.
14. \ntice. F.xcept fc~r any nntice r~y~+ir~d under :~p{~IicahL~ la•.+ m he Qiv~n in annther manner. (al :~ny n~tice t~
Bc~rrc~wer prnvfded for in thit ~t~rtgaee tihall he g;~~~n h~: mnilir.e ,uch n~~tice hy certified mail :iddret~ed to Bnrr~~~+•er at
the Property Addreti ~r a? ~uch ~~;her :iddr~,~ Rnrrn•.+er m;r: detignate h~• n~~tice t~~ I ender :+s ~n,vided he~rein. and
(h) an}• notice t~ Lender .h:ill he ~iven h~~ certiriecl m,i,l. return receiE~t reque~ted. t~~ [ ender'. ad~lre~s ztated tierein ~~r t~~
tuch ~[her addre;s :is Lender m:i~: dcei¢nat~ h~r n~~tice t~~ R~rrm.+er as {!r~~~ide~1 herein. ;~n~• n~~tice pr~~vide~l f~r in this
M~~rtgage shall he deemed tc~ hatie b~en ~~i•.~r. t~ f3~~rn~~.~~r c,r I cr.der ~.+hen ~~~rn in the m:+nner ~le;iQn;~ted herein
!5. UniForm Mortgage; Governing~Law; Ser•erability. Thi; Ii)Ci1i o? ~»~~rt~,c~ge .~~~nihitie; ~.init~~rrn ~n~.encint; ti~r natiun:il
il~c :iI7(~ n~>n-unif~~rm ~(~`+:(l:ffi[i \t'I[Il ~lllll[~~~ t:1~1:![l~~tlti IlS' j~lfltii~l~lit;Il l~) i~lllS[Iltllt ilflll~~flil ic't'llf!I~ lllilftllllc'ill ~~)l'citfl4~
re,il pt~~peri}•. The st:ite .in~, Incal i:~~.~: :inoli~:~hle t„ thiti ~1~~r!~,.~ti~ ;li~ll he tite I:~~~; uf the ~uri~dirti~~n in which the Yrupert}' i;
tl?1:;3[Zl~. ~IlZ il~(Z~~(~Il1Q ~clllc;fl~c' i}l:f~, Ii~~t i!fllt! (il:'. .fI)i~~ii:1~11~II~' 1t(jl'i:f~ J:i\~' Itl 1~115 ~~llf(~:IQc. Itl t}lc' ~l'ellt (~1:iI :1I1~'
II~ ~?f~)l'l~ltl(1 l)C ~~.lUi2 !rf [flli ~~1)TIJ:j~?C' ~1C (I~c ~~itt .:~,fl?~li(~ tV:t}t :inpli~:ih!e ~;1\t'. i!I~il t~~Ill~ll'I ti~l:f~~ +.1()I :~fteii i)t}lcf •)(!?`:{Ct~}Ili
~
t)~ I~13S ~~~lC(k:i~c ii~ i~;c `i~Ic '.L~il~~i ~;3[': h: '21`:2t1 c'?I~:: '.t i(ilt~llt tilz ~~l(1:~1C'11f1~_* ~)[~I~.ISI~in. ;Itil~ I+) [Ell~ ~II(j i~lt ~ftl~'tSI~~I1S t~~ Iflt
~~~)fi~;iv~ ;1:1~I Ii1Z ~i)t~ S~2 il~~~:l(c(~ I~l }~t ~?ti•~C;lh~c .
16. Borrowers Copy. Borrower shall be fumished a conformed copy of ehe Note and of this ~lortqa~e at the time of
execution or after recordauon hereof.
i 17. T~ansfer of che Propercy; .~SSUmption. If 31i or any part of thc Pro~crty or an inrerest cherein is sold or transfcrrcd by
Botrower without Lender's prior written consent, excluding fa) the creauon of a iien or encumbrance su~ordindte to chis .
~lortgage, (b) the creacion of a purchase rnoney srcur:ty interesc for houschold appliances, (c) a cransfer by devise,
detic~nt nr h~• ~~peratic~n .~f la~.~ up~,n ~he :lr.~th ;~f .i ic,~„r ?enr~nt "r i:i~ the „rant rf :~n~ ir.~s~h~,ld inte~esr ~.,t three }~ears i~r le~t
~u~t ~ontaining an optiun t~, Purchase. ( ~r~~ler m.~~. .~t 1 cniier', r~tu~r:. ~;eJar~ ,ill thc ;urnti ~e~ur<<1 h~ this ~tnrtt;age tn he
intmr~liatelt• due anci pa}'ahlr L~~nder ;hall ha~.~ :~.:u~«1 ~~:~h e,ph+~;~ ~c~ :±~_crlcr:~te ,~ri~~r ti~ the ~ale ur trantfer. Len~ier
and the person tn t~h~~m tl~e F~rr~ert~• i~ t~, ~e •vl;l ~~r tr:~n~i~r,rd rrarh .~,~n~ernent :n u r~t~r~s~ th;+t the cre~+.it ~~f ~,uch ~er~nn
i~ catisfacte~r} ti~ Len:ier .ind that the interc;t ~acah!e ,~n !h~ ~i.rn~ ~ecured ht th~; ~t~~rtt~age ~h.ill be ,it tiurh rate .+t [.ender
sh.,l! reyuest. tf [ en~ier has waice~i thc ~,pti~,n :e ac,:el~r.,t~ pr~,~i,lc~i ii~ ihi; par,~r;~ph 17, and if Bnrm~ti•er', tiuccesenr in
~ntere~l ha~ ~xecuted a~.~~ritten assumptic~n agrr~n?E•nt ac`~pt~d in ~.crit!ng i~~ (._n~ler. L~t?eter •,hall reieate i3~~rrin~er from all
:~hligations under this ~tor[gage and th~ ~rte
If Lender e~ercise; ;i~cn ~,ptic,n a.r~Icr,~te. Lrn~l~r ,h:~il ma~i f3o:m~.rr ri~~Uce ac~~.;~rati~~n in .ic~r,rdance ~~~ith
~~3f3~faph 1-l herec,f. Such nutic~ ~hail pru~~~de a perir~i ~~f r~~,t less than ;(1 c1~~~t frc,m the d•at~ tF~~ rt~~tice i; ntailed within
~.~hiLh f3c~rri~~+•er ma~~ ~iat~ the wntti ~ecl.~reel Jur. If B~?rr~~«rr t:i~lti t;~ pa~ ;ncn ,um~ pri~~r t~, the exE~irtiti~~n i~f ~u~h pcri~~d.
' _ I en~l~r mat~. ~.~i1h~~ut ft~rther nntice e~r •.i~maEid ~~n 43c~rreti~~rr. in~uk~ :in~. r~medie5 permitte~i ht~ E~a;agraph 1R her~~i.
ti~~v-~;~;iFOKtit C'~nFV.~ti~rs. B~rrowcr :,n~ Lender further t<~~cnant and agrec as Eoll~ws- -
1$. Acceleration; Remedies. Except as pro~ided in para~raph 17 hereof, upon Sorrower's breach of an}~ co~•enaat or ~
aRreement of Borrower in this 1tortRaRe, includinK the co~enants to pav when ~ue an}• sums secured by this ~1ort~age, I.er~de~ _
prior Io acceleration sha11 mail notice to Borrower as pro~~ided in paragraph 14 hereof specif}•in~: (1) the breach; (2) the action
required to cure such breach; (3) a datz, not less than 30 days from the date the notice is muiled to Borrower. by which such -
breach must be cured: and (4) that failure to cure such breach on or before the date specified in the notice ma~~ result in
acceieration of the sums secured b}~ this ~iortga~e, foreclo~ure by judicial proceeding and Sale of the Propertv. "Ilie notice
shall further inform Borrorver of the right to reinstate affer acceleration and the right to assert in the foreclosure proceedin~
the non-ex~tence oi a deEault or anv other defense of Borrower to acceler3tio~~ and foredosure. If the breach is not cured on
or before the date specified in the notice, Lender at t.ender's option may declare all of the sums secared by this Morfga~e to be
immFdiately due and payable without further demand and may foreclose this MortRage by judicial proceedinR. Lender shall
be enNtled to collect in such proceeding al! expenses of foreclosure, 9ncludin~, but not limited to, reasonable attorney's fees,
and costs of documentary e~idence, abstracts and litle reports.
19. Borrower's Right to Reinstate. Notwithstan~ing Len~er'~ acceleration of the surr~c secured b}~ this ~iortgage.
Bc~rrower shall have the right io havc any proceedings heeun hy Lender.to enforce this ;Nortgage discontinued at any time
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3~~~iK ?~C7~ r~!;F
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