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<br /> I( und�r P�rapr�ph 17 Mr�o( tM Proprrty Is wld or tM Proparly i� otherwise acqufrwd by Londer , Lender shslt apply , no
<br /> IN�r Uun iarrdiWlY prior to tMs sslo of the Property or its acquisitlon bY Lander, any Funds held by Lender al the timt o1
<br /> appilcatlon as a cr�dit ayi�at tM sua�s s�curad by this Abrtgage . ' .
<br /> 3. Aypliutfon o/ R�v�nb. Unb�s applicabl� law provldss oWrrisa , all p�ym�nu r�caivad by Iwnder und�� tha Nob and
<br /> Y�rprapFN 1 and 2 Iw�of slult W �pplisd by 4«Wsr flnt In pay�n�nt of anounts payabla to Landar by Bwroir�r und�r P�rpraph .
<br /> 7 lrrwt. tlrn W IM�wat WYab1� on fh� Nola. md tMn b Gv prinGWl o! tlr Nola. �
<br /> � •. i�r ; U�ns . Berran�r slvN MY �11 taxN . NNfuMnts aM otivr d+arg�s, fln�s and Ym�wsiUa+s attrl6ut�61� W fM � .
<br /> (�^, �P+KY r'r+��Y +avn a prlorfty ow� tlds Uorty�q�. �t L�nd��'s optfon In tla� ieuwr provldW under Parayr�ph 2 Iwpf
<br /> � or bY Mr�^ornr rkMO PW�M, wA�n dw. dierctlY b tlf� p�yN tMrwf. Boreewr�r s1W I p�ewiptly Iumlah b l�nd�r N� not1CM
<br /> LC � ��.�d.�+�o w�°`�P�d+ n�• e.��� a e�iv.d,.�°� �aw..�. i�►w.w,�f�i °�: ��; �
<br /> (�^ proMdad M�t tl» Borwiwr slWl not W rpW.+W W dlsdury� snY sud� II�n ao lonq as Borrow�r sh�ll aprM fn wrilbp , � .
<br /> � b tl�r WY�+� � � �Y�on s�aaW bY sud� tl�n in a mwrr saapubb W l.�nd�r, or ol+�lt tn good fa1fA wnMsa ; . .
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<br /> suoA N�n by. er d�heW �israwnt a! sud� li�n i� I�qal p�oo�rdln� rrhlch q»nl� W ptiwnl tM �nWrorarot ot tlr
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<br /> � 14n a' �s►fiNHn s/ tM P�qnr�y er MY WA tMr+�of. (..
<br /> ^ S . N�M'd M�. Bore'or�r UrNI kNp � l�prov�nts �pw �x�sti�q w Mrukar �r�cbd on tl» Prop�rty InsW"�d f . . .
<br /> r1 ip�lmlt lsss 6ry B�Kdr IncludW vrltlHef tlr t�rw� "�riv+d�d covarap�" , end tuch otMr Ivzards �� l.�ndM nry nqulr� and
<br /> In sr�cM i�MMN tl�d (er weA p�rlod� n I.nftl�r wY rpuiry: provld�d th�t L�nWr shall not rpufr� th�t tlf� s�nount of weh �
<br /> osv�ryr �ccrd MW a�ou+t of mvsrq� �'Wulr�d to P�Y ths aunN s�curad by thls No'tgspe. �.
<br /> TIr I�uraec� carri�r provldl.nq !M I�surarw shall W ehw�n bY 9orrow�r subj�ct b approval by L�ndsr: Provldad, flul . .
<br /> syd� �pp►sval shNf not W unrysonably wlWrld . All pranlwns on Inwranc� pollcies shall W psld bY �row�r �n�klny pay-
<br /> wrri. WA�n dtM, dtr�atly OO tlr Insurarrw C�rrl�r . �
<br /> MI Imur� poUdu and nti�r�ls Nrr�o( aMll W In torm actNMa61e W lender and sh�ll inClud� a standard s�ovtqaqr Clays� �
<br /> 7n qvo� of Nd in lsrw �cuphbl� b l..�e�r . LvW�r slull ha�� W rlght b Mld tM pollciac �nd ronwrals tMr�o(, and ierro�wr
<br /> �Irll pro�tly furnifh to Lrd�r �II tiirwal rottus , tFN pollcios and anY hruwal� tMrsof uW all rsulpts o1 pdd prrnl�rb .
<br /> In tM �vw�t dlots . Borrower shall qlw prompt entia W tlr Insuranu carrl�r and Lander, and Land�r �Y m�k� proof d bss
<br /> ff wW � prowptly by brrowe� .
<br /> In IM �v�nt of a loas , ths aenunts mll�cled ahall hr paYable to the Landrr and at tM optlon o( tM l�n<Nr m�Y � uNd In any
<br /> arr or wor� 01 th� fdlowinp waYs : ( 1 ) �pWi�d upon tFu IndebtWness sacured hereby wFrtM� such IrdWt�dnns W qytur�d
<br /> or uewturW; (7) uWd to fu1H11 any o( tM covenants conUin�d heroln �s the LarWer msy d�termim; (3) usW lo rplu� w
<br /> rNtsr� tlr i'opKty b s osnAitbp aWsfaclorY W Lr'W�r: or (M) nlwa� Gr srr W tM Borrower . Sueh appllcatl,on ef peocyds
<br /> �o tlo� IM�6R�drrss sh�li not �x4rW or pwtpona tM dw dat� o( t1r montfdy fnat�llmenb refirred W In Par�pr�pA t fw�of or
<br /> clunp� Mr a�w�nt of such lnstallwrMs . If und�r Paraqraph 17 herwf the Proparty is �cqulwd by Lander, all rlqht. 4d� W
<br /> /M�nat ef Borrow�r In �nd b any iniursncs policits �nd In �nd w tM proc�ads tMreo/ hsulti�p fran d�map� [o tlw Yrop�rly
<br /> prlpr W Mv aal� or acauisl4on �hall ysa W Lendsr l0 fM �YIMI OI lFl! sum sewrad by this W�tgags Immadl�Wy prior b such
<br /> saM or �cQulsitlon .
<br /> i. P+vMrvatlon a�+d Wlnta�ar�ce of Pro�»rtY . Borrow�r sh�11 Wap tMs Property in Qood repalr and shall rot p�rwtll or
<br /> cow�l! �r�sb. Impdr�rrK, o� dN�rlorstion o/ th� Preyrty and shall wmply wlth �ny nstrlcUons aNaUinp IM PrqHrty .
<br /> 7 . YrW�cllpn of I„«uMr's Sacurity . If 8orrorr�r fail� to p�riorm ths wvanants and apreNn�nts contsl�ad In thls Yorlpp�, or
<br /> I( �nY �eNon x p�oordltp {s con�nrnt�,W which �teri�lly afhcts l�nder'a intarast in tM Prop�rty , includlnq bul not N�i4d to.
<br /> �i�wnt ywin, iiqolwn�Y . cod� �nforc.enrnt, or arrangMw+ts or proc�adings involviny a bankrupt or d�cW�nt, th�n L.ruM�.
<br /> M i�ndN's o0tl�n. upsn rotlu lo Borro+r�r. imy m�km such appear�ncos , disburse such wms and taks such acllon �s Is �
<br /> n�dswY �o praYc.t {,rrd�r's Int�rest, i�cludlnq but rot limltad W, d!Wurs�ment o( nasonabl� atWrney'� tw� and �ntry apon �.
<br /> tM Prpprrty b �W ryfalrs . My �w�wanh di�bun�d bY �w+�r purcwnl to this Psryr�pi� 7 wlth Int�r�al tM��on shall fr�o��
<br /> addltianll Ind�bt�dn�ss W 9or�ow�r s�eurvd by this Mortq�q� W t1r axtent p�rmittW by applic.�ble I�w . U�Ips Borrower and �
<br /> Lrd�r prw b ot1+K br�s o( p�Ymr�t, suoh ama�nts slvll b� paYable upo� notiu from �a�dK to Borrow�r tiquMtlrq paY�nt
<br /> tl»rwt, �nd aht11 {wr fnl�r�st fran tM d�l� of disbun�n�ant at fA� r�te of t0i unlass p�y�nt o( inl�rest �t sucl� rat� woWd h� .
<br /> cw�trarY b �py11uW� IMr . I� rrMich �wnt �uch a�ew�nts ah�ll Wsr inlarest al ths higMst rab p�rynlaslbl� by appllubta law .
<br /> NetlNnp eo/MW»d I� INs Gsrayraph 7 slyll raqulre landsr W Incur ynY expense or do anY act Ixreunder .
<br /> i. Irs�NoGm+ . L�nd�r wrY waW or caus� to ba wuds r�asonablr entries upon arW inspactiorn ef thr Prcp�rty . .
<br /> � 9. G•andYrrllon . Mrrar�r pws Wt all aw�rds MrNotor� or herydter arde bY +�Y W+Vllc or qwsf-publlc autMrily tp
<br /> fM pn��wt and sll wlfsp�Nnl oaa�rs of tha Prop�rty cov�nd by tl�la Mongaqa by virwe o( an aaartls� ot W r1yM ot rwin�nt �
<br /> ds�rin br fuoh aufl�orlty. I�ctudinq any awa�d bf � hkln0 u( tltl�, posa�ssion or rlyht of acuss to � public way , or ter any .
<br /> ehrq� M qraN of Nn�t� �fh�eUnp aald Prop�rly , ar� MnbY �ssignW to tM Las�der: and tMr Landar st Its opdon is Irr�by .
<br /> �uM+ori»d, di��ctd ud �wpow�r�d b wll�ct and rwlw ths Proca�ds of �nY such award or a�rwds froni tM auMpritlN wrklnq
<br /> W sa�r and M 91w P��r nqipt� �nd �c0uitt�nus tMr�fora , and m�Y , at lM lends�'s �I�ctian . usa sucA procNd� in any aw
<br /> or �er� d W tMbwlrq w�Y� : ( 1 ) appfY tM asn�s or any part tivrwf upon the Indebtadnas� sawrs0 h�r�bY, wMflr� aud�
<br /> Iwd�6t�dMs� Yw� h� �furad or unm�turW: l�) use tlr aM4e or any part eMr�o( to fulflll any a( the �v�nants eonWMd Mr�in
<br /> a� !!r �Md�r �YY dN�lrr: (3) w� tl+� s�ir or anY p�K tMr�o( W rapl� or nstoro LM Prepsrty W a coeWltlon �sfla(aeW�y
<br /> M W Lrf4r: or (Y) rN�s� tM sanr fe tM Borrowr�r; and lM Borrower heraby wvrunts ard prea� b a'W wltA tM t.s�d�r,
<br /> Ypan nprrt by tlr 1.�nd�r , b nrlu. �re�ub, and tl�Ilv�r any u�d all assiqnm�nts �nd otMr Ilti(r11111�RI{ {YMC{Nt WI �I►� �Iy10pN
<br /> N usfyniq0 NI sud� awpds b tYv L�nd�r frN, CINf, �nd dlfdlK�d Of My �tfd 81I lnCUlAbfMpf O( YfY kII1d Of AK{K� Wh1hp-
<br /> wr�r . Tlr �16rallan ot such proc�Ws !0 4r Intibl�d�rss slvll not axGnd or postpa+e tM dw dsta o( tM �aathly imtallMMs
<br /> �Y4rrrd W 1� P�►�raOM 1 Iwvrof or clvnq� thr Mwunt ot such in�411m�nts .
<br /> t0. Yr*ewr Not IW�M�d. Ext�nsion of th� ti� /or paY� w modiflcaUon or amortlzNlon o( tM swes r�eur�d by tl�fs
<br /> Yer'f� prMf4d by L�nd�� b 8or�ar�r er b any sucqswr In Irf�rast of 8orrovuar shall rol op�ral� W rNys�, In sny iww�er,
<br /> 1M lia6ii4ly d tlti wiqltil Yorrawr �nd 8orrww�'s sucusaors in inbwst . Lrndtr shall not W r�qWr�d m cas�nc� procrdlnqs
<br /> a�i�N suoM wmpwr. !o rrfuu b pr po �Y� tfwr br pay�ent, or otMrwlse to modiry a'eortltatbn of tM �uma a�curW by lhls
<br /> We� by ewwn M �ny d��M nrd� bY tlr oriylntl 8orrower or Borrow�r'a succ�swrs In intarni .
<br /> N . feNhYr� by L�nd�r Not � WNwr . My kr��ranca by �v�d�r In �aerclsinq any rlyht or r��n�dy Mr�wK1�r, or
<br /> otlrrrrlr aNsrd�d by appllcable law, shsll rat 6� a walv�r o/ or pr�clud� Mr erKdw o/ any r�qAt or �wn�dy Mr�r . TM
<br /> pra�Ww�r�t of In�u►�nu or W psywreK o( tsws or ollrr Il�ns or charq�s by l�rM�r shall nol b a w�lv�r ot L�ndK's rlqht W
<br /> � aooNKaM lM �tuNRy et H.� Ind�bt�dnws s�cuesd by thls MortqKq� .
<br /> 1= . Rr�d6�s Cu�wdafiN . All n�dip provlWd In tMs Ibrtqsp� �ra d7sti�ci and cwwulrti w W any ottrr rl{�I+l or rrw�dy
<br /> und�r Ws Ysr�rp x �lford�d bY Iwr or pu�q', ud nuY W �xarclNd conwrr�ntlY . Ind�nWntly , er aucc�aslwly .
<br /> � 17. Sacop�erf and Assi4ns Bound: JOI�N and S�wr�l Uab11Y<Y: CapUons . Tir wvvynts and apr�s'w�nts Mr�ln cowtNn�d
<br /> qW! blwd wl tlr 'iyhls lwwwwltr dW! Iwr� W tM rup�ctiw suaussors and rsiqns M L�nd�r antl 8orrovwr . All cov�n�nts
<br /> awr yv� �f Mr�wwr sh4! 6� jol�+t and s�wrN . TM upt7ons and hrdlnp� d tlw P�rag�aphs o( Mic Yorfaq� sw fw
<br /> esRw'M�ns owly �rd �n not M b� uMd b Inhryr�t or d�flns the provlslon� Mr'�ot. 1� tiv w�M tla ows�sMp of tiv Prep�rty
<br /> ar �nY p�rt tlrnd O�ca�e�s vp4d In a prrson etlrr tlw� the Corro�r�r. tlr Lwd�r m�y d�a! rith such succ�asor or suco�ssors
<br /> � 7w i�M�wt �rAM ►�/w�nw M tMs AWrtqq� and Ms I�d�bbWwsf Iw�bY s�cur«l {� llr {aiM �wsnK ai W7th tM BorrewK Wlthout
<br /> 1� w�Y �ww NN+tlrW a' d�scfiKqlnp tlr �orro�wr's Ilablllty MreundK or upon tlr trwid�tatlnus Mwby s�urW: and Ir� tM
<br /> � Nfrtitlw, �t tlr optlon ot tM L.�nd�r , t..�nder nry d�claro thN tM uipaid Wl�nce of tM IrW�btWn�sc is inuw�dlatNy du� and
<br /> PrYMN�•
<br /> 1�. W�f1C�- My weYo� f'ew Lr�d�r r Sorrow�� provld�d br In MIs Mortq�q� �all W by urtiflW �rll lo Bsrrowr �t tlr
<br /> �4e/vty aMNr�s suMd b11w� x N sueh addrr�s p Sorrawr qyY d�signaa to L�nd�r by wrllN�d nWl b L�nd�r's addns�.
<br /> . �xcap! W �py titip� 'Iwn �a Ynrpw�r f� th� w�mw prys�rlad by appti�aWa law u proviRMd In P�rapr�pN 17 of tAi� Ms�typ� .
<br /> � 1S. UMbrw tio��a; GowrMr�q ,Law�_ S�v�r�b111tY . Th7s !wm of Abrtq�pe comblrws unikerm cov�n�nts lor n�llonal us�
<br /> aM tin'wifx� oswer�l�M�h IiwiMd vaNatlens by )urfaWdion b aonRltut� s u+�lorm s�curfiy instruw»nt mwrinp ►wl
<br /> p�ap�rt� . TNa Ysr�q� s1yU b� qowriyd by th� I�aY of tht jurlsdldlon In whld� tfy Prop�Ay ia locabd . In tM �wM tlyt any
<br /> ry`sWsiM M' Crlw d Ws Y��lyy� or tlr NeM psMlfds wllh appl{��ble Iaw, sud� oonflia sh�11 not aM�cl WMr provisiens of
<br /> � Mlt Y�rl� er tlr !W� Wdd� qn 6� piw� �I►�d wlRhout tM �enfllctlny provlsfen, and lo thls ��d tM provlslons of thl•
<br /> Yny�r W Yr N�M �ee d�c�rwl b M swr�bl�.
<br /> If. �rrw�r'� G�sr . �r�arr �hW Ir hrr�i�Md a asn(erw�d aopy d thl� Moreq�p� N Me tlnr of �a�a+4en x �Mr � ;",
<br /> �.. .� r�tlaw hrrt. s . . _. �� ..
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<br /> OMf71ML �!f'tJ1Y� r01i'LYMOVTM; sORAOWER RETAIN COPY I
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