|
�.
<br /> � .;.,� ,�.
<br /> � �
<br /> ' I �adcr'� wrictc�r a;�+ecmant ar ap}�c;thit I�ew, W�rmwer sh.u01 p�� s:�c xm.,*K���3 uf a11 niort,�Ky� �n�w� acxce �*rrmium► �» xha
<br /> e�ssanncr � asvid<J un�ier pas-a�rapp *► heresst,
<br /> Any arrMunb cfisbucsart 6y E.ender pursuan:t lo shis �aear�wph x. w�� fi �nrenest tlurcim. �h�ol3 4�scwia+� ad�la4�ncea�al
<br /> :rcaiei�ie3ncacs nf Ao�nrc,wer s� urcd hg ihis l�rtott�a�. Vnkv.� li.,r�k�r�.rr ;ar�d I cn�Er a�crce sv cElher terms ot paw�menl, a4�fi
<br /> arr�rJunds alt�l@ (fe paywbla trpcm nM�e:e (rom Lcndcr ta Fkirrrnwer ra.�wssung 4�ayrncnt nc�ra�f. nrs�1 shall t�ccr�r intcr�cnt fnam cha
<br /> �� �aa o� distntrsemqet at thc noa rrayabk fsom tiRne to timwe we «+reeatandin� princ�nsl under Ihe Ne,t� irnleaw paymee�t oC
<br /> tnri�etCst ot su�h t'ate w¢►uld be cantrsty 1e aQpl��altic law. in w�ich rwent such amauntF ahall l�ar �nterrst at �he hi�hes� rate
<br /> p�'tniseiktle u:�tdcr app#icabTe iqx. I�tothi�p +tontefr�sd ia thia parA�r,yah T ,shxF! rc�uirc Lendar 2o incur gny �xpcnse ar take
<br /> ,' a+�y a�tion laeaa`aunder.
<br /> � 8. I�cNaw. L,�nocr may make or cauto te !re mac3e reasonwt+ic entries �.arnn an3 inspectex�na �� thc Preeperty, pniv'ecled
<br /> ; Sh�tt LCndar shall give Tiotreswer n�Cice prior lo uny suth ins�cctwn +c}xc�tyinyt sra���nr��Ie caucc therefvr relaC¢r! to C.en<1rr's ,
<br /> inx�resc in �lss Proprrt}r.
<br /> h � 9• Ct►n�eme=1Me�• '1'hc �f�ueceds af any awarcf �r e:laicn fc�r �inrne�ea. ciinecl or c<znsequestfia{, in snnncctf�n with any
<br /> s Cctrtdem��btinm �ir othet iaki�rg ot the Propetty, c�r psn the!cof, c�r fnr canveyanr� in licu of ccandr_ntnativn , arc her�by ue�ig'�i � "
<br /> � an� shail be }�mid to Lc,7dcr.
<br /> r Cn the evr�nt at a tnta! tekitrg of the Prupctty, the rrexeecla �,hal! hc a��+tieJ ro ihe zum� secured by this Mt�riga}�c,
<br /> y wie#� thc excnss; (f �ny, �aicf tn Nvrrowrr, Tn thc event c+f a p.�rliat t,akirig o£ thu Fr+nperty, c.anlcss Hurrnwer �n�t 1.ender
<br /> otherwisc �rec in wriEing, t�ere shaii bc np�rl:eJ to the surn� »c�icrcd bv thi� Mortgagc n«ch prc+pnriinn c�f the �amcec�ln
<br /> { ns iq equal t� thnt pr��rticx�zi which thc �n:o�int aC thc xums �cwured hy �his Mnrtga�te irnm��liately �*riar ro �hc datc of
<br /> � ; tw6cirt�: hcats tca lh¢ fait mark�ek val�ae nf the F��yiperry intmedi�tely pric.rtcr the ctate cTf r�ksng, with the baianc� t+f t�tl` �rcnec.x3a
<br /> . � .. � r�aid Iu� Bort�;avc�er� � � . � .� . . � . . � . . . . . . � . .. �. .
<br /> r if 'Che �oporty is ahc�ndc�nrcl by Borrc�wer, or if, aRer nntice hy L,cndar to Narre�wer that tfaa c�nd�mncrr �itfcro tn m,ec7ce
<br /> y an award t�r uettle m ¢t�im fo� +lamages; Boreower faiic t<� re+pcind s�� Lendcr w•ithin 3() doys a{teY Ih� �iate su�h nofice ia
<br /> x . ttxasied; Lecr�a9<c is authc>ritec€ to cntir�t nnd �pply tle: �Sri:ce�ds, ut i:,.endcr's cag�tiora, eitFier tta restnration or mpairrof i�o
<br /> ;t praperc} or [n the aurns qecured hy this M1teirtgage.
<br /> , � [�rntess 3�.ender and Borrc�wcr i�tt7en+�ise ag� ec in ��-�iti�g.. en}' �u �h arr�iic:� tion ��f �rc+ceads =n �rincigrel �hail neit cxtes�d
<br /> , . <ir �+ostpone the duc r3ntr. n#' the mrnthly i�i�ealimcrics rc terrcd ro in para�rcc�slsy ! cind ? hercc-�f �r rhanRc tlrc amrniat �t '
<br /> . � , r , . .. SUCX`!. iT1��St3a�MCfsIS. . � . . . . . . . . . . . . � � .
<br /> u� � , 10. Uorrower N�t Released. , �rtencion oF tlic time f��r� y�:�ymer� t or snc•c3iiacntion c�f amoreicatian ��f thc sie�s tsc�,+_�•+
<br /> � � . L:_ . . _ .._ —
<br /> � r �*��� a�� � « aK�c granted hy Lemler tn any sur,cessc:r in irtterest of Anrrowcr shnll nc�t o{�cr.�tc tp rcleu5e, in ar�y inatt��r,
<br /> � � ' th¢ lial�ility uf 1he prigironi Borrower nnd � �IIt�rro�4�ars'� x���cessorti i�� intcrcst,� �Latui�•r c$�Q�1 noc lac� rcqwiteei� tti� ce�ntrnrncc "�� �� �
<br /> ��., „� presccedings a�tainct such s�ccr.ssornr rcfus�. ;10 cxi¢nd timc fqr pawmr,i�e ar c�therwixe mud[fc� :smnrtizntian , a� Rho , sumx
<br /> ;t Secured ` by this M�rtgu�*c 6y reascsn of uny demand madc bL+ the originak t3nrraywer and Flcirreswer'x suc�ess�rs �it inlcrest.
<br /> ' �y 11. Forbaatance by C.ender Not a 1Vatr•cr. Ar�y :nrtmar:�nc�: hy Ler�der in excrcieirz�, any right cirr�metly hcreuneler, c�r ' '
<br /> � ' � `� � :
<br /> � ntharwisa nf�'vc+ded by applt¢ab(e law. shall iiot he ae wa�i��es c�( or precfu�ie. the excrGise et' ;�ny� suclt right e*r r�mudy ; •
<br /> � Th� procurem�ntof insurqn4� qr the paymcai of ta�e. or other iiens - c.r ehar�tos by i_endcr shall not bc a waivcr c�C Lcnder'n ; ' '
<br /> ` = :ight ta`areaiera�e the mnturicy c�f the indehtedne�s sucurcd by thi� M��rtgage. ' . " ` ' %
<br /> � _' � 72. RemeKlles Cumuluffae. All remedies nrauidcd in thas Murtgage nrc d"e�tinct u��ci cumti�lntive to any t�Ihar ri�hf csr i
<br /> p ' � ' remedy undea' this Mortgagr cvr afforded hv law vr equity. »nc� m1v tx exerciscct cc�ncurn nUa: indmpandently nrsuc:cessively.
<br /> � , * 13.. Successp�s and A�a1Rns Bound: aQ�nr Una se.���i r.i:�n���Sv: C�ptaans. The � ovcn�nls ;tnci wa�+rcem��ds hetc>in
<br /> f, � contained shatl �iind, and the ri�hts h�reurider slt�ll inurc to. elic respective succ<;:ssors uxid �ssigr�s crf L.endcr und Uorrosvcr,
<br /> . � subjeot to the provisio»s of purngr�ph 17 ltercof, All coven�nts .�nd ugreemecats nE Burroa'cr xhall bc �t�int nnad tev�ral,
<br /> ' � The captians Knii htadings of thc purxgr:ip.fis of dhis Alortgnge nre for convenience only� ;�a�� hre raat tt� ta� used , to
<br /> �t inicr=>rct ar �icfcna th¢ provis�c�us horcoF. ,,; '.
<br /> "�� 14. ; No#iee. Exccpt, fur any notice reyuired unalcr appticut�le taw to be givan in 3ndther manncr. (a) �ny nc�tire to ;
<br /> Hnrrower provided for in . Chis Mortgaga shai€ hc given by mailing ssac:h ncaticc !�y ccrtiftcd mni� ¢cidressed iu ArcSrrow��: at
<br /> + � �E thc E'roperty A�dress crr ❑t such pther address as Borm�vcr 7na� desigrante hy ; noticc. to C.endcr ata pra�videtl herci��, at�d �:, .
<br /> {b) o-iny rtoti¢c tco',Lcndcr ahtill bc given by cerlifird mail, rcttsrn � wc:i�t request�ci; tr� Lendcrs addre,ss stnted hexrin dt: to
<br /> ';� such other ndde-css �s Y..knd�r xnay designatc by notice to BCrrvwcr as prvvid¢�i herein, Any nutzcc provided fUP in thxs
<br /> ",;� htorcgt�ge sh�il �c decmcd to havc heett givcn 4o Hnrrciwe� or I.cndcr +i�hen �i�en in the m�nner iiexignated hercisi,
<br /> + I5. Untforio Mart�age; +Covcrni�� Law: 5evcrn6ilitv "1'tiis �orm of martgage ei>mbincs �inifoim cnvcnanCs fvr nutiaCeal =:
<br /> � usc and non-u�ifnrm ec�vem�nts H�ith'. limiteii vaiinti�ans by ji�ris�liction t�� �onstit ��fe u unifortn sccurity iostrunacnt cuvari�s�
<br /> real pro�acrty. `�'his MorCgage shall be guvemaJ by tlre !aw cif fhe jurisdicliorr in wNich thc P.r��perty is J�xnte�d. d�t the
<br /> � � d
<br /> Fs, ' event tFiut :�ny �rrovisiun or ctause oC thiti Tlortgu�e or the Nat� cbnt�x�ts +vith tt�plicahlc lnw, stach ctmfiiet shsll ]rqt nlfect F•
<br /> � at6ar ptztviaicrns 4�f thit �1�ort�agc ur thc �'oh which cun t>� given rtt'ect �vithout the conflictin� : �it�vision, nnd in thits `
<br /> cnd r?we �rovisiaa�s of Che Mortgagc und the ticilc nre Jeclurcd lo tac severabie. '
<br /> ,�° t6. Bo�sow¢r's C�py. Bs�rrawer shatl b� Furniched ,i cnr�Tormed �riry rif kho Note and �if this MzSrYga�c �t Ihe [imc ' '
<br /> � , � <af axccutian or aflcr recordutiarr hcreoC.
<br /> `;� ]i7• TruasF+cr of the Propert,y; Assumplpon. ] f c�ll �,r any {xarf n( the Prupenv or �n intcreat tkarrein is soid c�� transfcrreci
<br /> � t�y Bcrrrower wicliput C.ender's prior wriUcn cainsent . e�cludies� (al ihe crcaHi�n oP x lis:n o�• crxcumhrunce auNerdinato tn
<br /> r � this Murt�age. [2�a the crraation c�E ;r ��urchrs� ine>ney securitS° Intcrest Pc�r household a�pliances_ !c) ii trmi�far tay devisc.
<br /> . � dcscea�l ur by o�acration of law upon the Jeath af n jctint tenant or (dl the gtunt c�f any lciisehoid intcresl pf dxree ycara dr less
<br /> ,, ? iiot c�nti�lnin� an opti,,:� tn piirchasc. I..ender enny, iit i,.endcr's optian , dcclarc ai3 1hu sums secur�d by this rdort�agc tp lic
<br /> �, immcdic�tely due tind p�yabla, Lender st�ul{ have wEiived such uption t+.� acccicraie il', �ri�+r tt� ttaa sale or tratasCca', C.endcr �
<br /> nntt Ltxc parson tc.� whom the !'roperty is ta be s01�1 nr tran�;CerPcd rencie vRrcemcrat in writinp� thuY lhe .credit �f such persan
<br /> �, , ia suci�factary ta Lcnder und tfaut the ir�terest {+nyable rin the sisnis sccured by thi� Mc�rt�saut sliell bc at such ratn a4 4:endor
<br /> :c shuU repuest. If l.ender has waived the aptinrs io ucceler�ta provid¢d in this �ara�granh 17, and iC Borrc�wcr"s suc¢esaor in
<br /> inter�; hus c�cceccca�ed a wcitlen assumpteon �fir�ment accepted -in writing hy l.enc�cr; [.rndar shail rcicTse F3e�rrawer 1'rom alI
<br /> �t ,� obiigatians uncierthis N(ortgago and,the Nvte;
<br /> y If t:cndor exercises s��ch optipn tu ncceicaato, ►..cnJer �;hr�r.li mnil Hcirrower r�otice u£ acrele�ntivn in accordnmcc witEa
<br /> »aragr�ph 14 hcreof. Suc2i nueice shsll pro:fidc a period �f np� less tha�� 3C1 days from thc daic t�o nn�icc is muile�d wtthix�
<br /> „ F� . wl�ich Boimw�er znay pay the sums dec:l�red du,c, IC Barrower �ailc �o }a�y sunc �i.amx pi�ior to IHe rxpieu(iaan �f sur'l'i prriosl.
<br /> �F 3 I,andcr rnay, wifhaut fi�rtfier ncalicc or cicmand nn Hnrro�vcr, inti�okc arxy remedica per�ni� ied by� p:sra�Cruph 1G hercvf.
<br /> ;. ; �
<br /> � .`� Notv-Urtt�natM CpvEnr�Nrrs. Burrc+wrr nnd l.ender further ctrvenunt nnd agrc.� as lellnwa :
<br /> n
<br /> r� � t �.t. Acc�lar�Uaap ttamedires. Faircp� ps pruvFded la parn�ra�h tT herec�f, upon $orrawo['tt hvicec6 uE any aowen�nf or
<br /> a(�reenaent of Borruwer iee this Morlgage, i��ctudlhk Ihe cavrn+�nlx t�r pAy wbna +dua an►� sumx r,�cured ta� t6Gx Mory{�a,
<br /> ,� '°� C.ender pidor to aceelerrtiup shamll mefl notica M Ba�uwer ns pruvided 1n parx�taph 14 lrcrcof �ecifyini$: (1a tbe brerch: `
<br /> _, (2) the ectlo�t ccr�jlted to +c+uce aauh Nte+�eh; (3) � dale, nnt le� ti�pn JO days Frunt 3he doie ah� natiso i� inriied tu Nrbrrowar, , „
<br /> ' �� by wkicL suclt be�ach rnnusi be +c�red:.aud (�i) lbnl Caiture tn cure such breach u» or bePnre- the dale epecified in f!� autice �� � ,� �� ,
<br /> �' li� mey neauii i� acceleirrltun uf thc aumti sccur¢d by thle Morl�a�e. fururla�s�are by }ndlctql prw�coedin� und sale oF the P'raporty. ,"_ ' ^ �,
<br /> , R� 3'he notinp shali faulrier 3nfokm �oreuwnr nf !he r�qhl to refn�trt�e nfter .scce}ora/ioa end the r{�hf t�o assert in tt� (ocaecloxum �Y �, ;
<br /> E � ' �
<br /> t: praccedlp$ 'the sern�exi�ttoce oF a rD�Paait ar aRy alher d'efenre -+uY 8orr+sawer to �celeretMo and f�+necloow+e: IE lhe breac6 �
<br /> ' is nut rured uu +ur licfote t�a dwate apcniSed lq tha aatice, R.endes �t Lerader's apc+�aa may derlare qil of lhe sumr ae�rad by �
<br /> - .;.� thf� 1S�.+orl�aqe to he 1mmAdiatrl� 8�a,�n� pryab� wlth�eu:lnrlhea� demesd And anq,v fureclose E�,v A�ilrfrl proceedlnK, laender ;� .:.. '
<br /> -.. , shr{I b�e au�iUe� to tuli!o�t +in�udn poocee+iin� aft ezpenees +r� fsrr�clor�ort: inNudln�. bnt not Ilh�ii�dl to. cu� of tlneuapeniat' " "
<br /> "` ' ce•idter.�e. rib�ir�cs�,uutl LtiS.. rcp�r�ie,
<br /> t P ' #.'9, Bpu`ro+v�r"e R
<br /> i* � I� /a �eFoelrte. 2V�etti�ithstariding Le�sder's usceleratio�n o( the xume aecured hy lhis M+trrt$age. ,y '
<br /> t Bbrro+�ar sAa!! L�va the rt�ht tc haya aa}^ �arr,recdings begurt bY Lender to enforcc Ihis INcarlgagc aiiscantir�ued at a�iy time
<br />�.� '
<br /> ' e � � � . . . � .
<br /> �. ,
<br /> �
<br /> �'""��"""'p", . . �. . . ... . .. . .. . .�... ... .. .�......� .. . . �
<br />�:
<br /> L. �
<br />
|