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<br />r ~:m".:r\ \\t!ii..li ;tgn:~mCnl Of ,lppli\"lhlc law. Borrower shall pay the .mlOtIllt of all mortgage ino:.;urancc prCmitlm~--,-jif (he
<br />Ill,mna pmvidt:\l under paragrnph 2 hereof.
<br />Any amOll!lts dishur"I..'d hy Lender purSlIant iD -this paragraph 7. with interest thcicbn, shail---bccOiJlc--:_-~d~i~_I~ff,af:'
<br />;n(h:hl(:.d~~c..<; llf Borrow!:/" secnred by this MOrtgage. I !nle"~s Borrower and- Lender agree-' to _"Other}crms ,_~~:- P~Y~'U~~~~",;_sJ;l~~,"
<br />amounts sh;:dl h(' ravahk UI){If] nOlicc rrom I.t~nder to Borrower rcqlle~ting ~aymcnt .thereof. and -shaH: ~a(inie~est:Jr~.j1:l~t!le-;
<br />date of dishur<.;cmcnt at the rate payahlc from limc--h1 time on otlt~tanding principal u~d_et_ ~h.~i~d!e_:':,~nJ_e_ ..
<br />interest at such rale would he contrary 10 applicable law, in v,.hich event such- amounts shal1"bear inf~rest'dtt;-'t
<br />permissible under ;lppJicahlc law. Nothing contained in this pctragraph 7 shall require Lender _to'-i~,,?1.lt'a-ny"'e~:
<br />any action hereunder, , _' - '_:---:: -'_',-____:' '-";_____: _::_-'--:"__;:-:\;":"'--:<:<-':~'
<br />8. Inspection. Lender may make- or cause to he made reasonable entries upon- and-in~,pection:s of th~,:~!:?-p~t.Yf_;~r~~f~~Jl;')
<br />that I.cnder ~hall gi\'e BorrO\\!cr n('l[icc prior to any slIch inspccti('ln specifying' rensona'ble cau~c- thcr~for: r~Itft~d:__t~,~:t~~~l('-
<br />Inlcrc";l in the Property. _ ,'_ _ ,--_ ':,_,__',- :'_' ,_, :-:~_>';-_'<':-,-:-:
<br />9, Condcmnatio~. The proceed..; of any fl',I/,nd or claim for damages, direct or consequ~ntiaJ, in,.connecti~fl;:WiHl,?~~Y:::'^C
<br />\:ondCmll;tfioll or other l;.lking of the Pr0pcrty. or part thereof. or f,,')r conveyance in lieu-of condeomatiqn, are-herehY-~~,si~#e't'
<br />;lnd .,hall he raid to Lender. ,_ .---_ -: _, _' ,--,-->
<br />fn the t'\:cnt, of it total laking of !he Property. toe pmcccds ..;hall be applied to 'the sums scct~rcd:--hy :,thi~-'~~b:~~~'ge:~:_~-~,:
<br />\\ ilh lhc l'\..'(''',,_ if ;lny. p;;id t\l Rorrnwer. In lhe evcllt of a partial raking {~f the Property;, -tmle!';s-,Borro~er~ 3rr.d.' L;~n:ctei~,-
<br />'llh,erwi"c agree in wrifin~._ there ~h:t11 he applied to the "llnlS secured by this Mort-gage- !\llch proP(jrtj-on,:_Qf}he-J)~s-:
<br />as J<; cqu:d \0 Ih:!! prt'p\"'lrtIOI1 'xh!ch the- amounl of the sum, 'i.cetlred by th;.. Mortgage immediiltely"-prior:-to ,~t?_~-: ~~t~_;_'~f
<br />t~/.:ing beclr<;. fll tll.... faIr markc! value {\f the Proper". immediately prinr to the date of taking~' with the"balance'-ofthe,pr:o_ce:~~s-:~
<br />p:lid to Borrower. ,_ ',' _~_:,
<br />If rhe Prnpcrty i... :lhandoned hv Bt'"lffOWCr. or if. after notice nv Lender In Borrower that the'condemnor:'Otfers;(o-:'m:iike:"'-
<br />;111 award nr '.cnle :l daim t"l1r d;lfll:1gCS. Borrower fails !(\ respomf to Lender within 30 days afrcrthc,-date's_U'~h>n~tt~~d~_
<br />mailed, Lender i~ allthorized tp c011ect and appl\' rh~ proceeds, at Lender's option. either to -restoratioh-'or"Tep.l\ir::of:'-thff'~
<br />Property nr In the <'UOl') ~.:..;ur('d by this MOrlllal!c.
<br />lInk's" I t'!hier ;uld Born~wer l.thent i<;1.' ;'lgr~c in wri{in~, any such application of proceeds to _principal' shall n6t-_ exter:id
<br />or j'h)....lpl1lh.. ihe due dlllt' of the monrhly insta!lnwnts rderred to in p;uagraphs 1 and- 2 hereof or change-the-'amount--of:
<br />...llch io..;tallmcnt<.;
<br />1ft. Horrow('r Nor Rel('a.~cd. Extc!l..;ion PI the time for p:1yment or n10dific3tinl1 of amortization of the sums scc~red
<br />fw thi..; Mongi.l~e grantcJ by Lender h) any Slll.:CCSS\lf in interest of Borrower sr :1 not operate_to reIeas_e. in any manner,
<br />!he !!:!!1i!ity ,of th~ ~'r!g!!1:1! BOfTtW,'Cr :!f"!d BorrO\\'er\ <;'l_!cce,,<;or, in inl{'TC'" L'. \I~.r shall not he required to commence
<br />rrocccJing'i ;'lg~linst "Heh ",~l(:<.:cssn nr rd:lse f;.,) ("(lend II'me fi)r paVInf [\( c-':lf:rwisc modify amorthation of the sums
<br /><..ecurcd In' thi" l\-'lnrrgag~ h' r~,l';;:(in of ;In\' Jcmand nwde t>., thl.: llrioin.ii Horrnwcr and Borrower's successors in -interest;
<br />11. .Fnrb('aran('~ b,' Ll'lIder !\'ot a \V~i\'('r. !-\n\" fnrncarilncc nv render in c:.xercising an\' right or remedy hereunder. or
<br />l-lthcrwi....l... :lfronkd h~' ;l.rrli~.;d:)".: !~IW ~hall I};l! h.'-:I W,ll\'rr of 0-1' preclude the ner~ise .of ~lny such right or remedy,
<br />The rn.curement PI' ill..;urancc l)r !hc r;J\'n1l'1l1 l,II:I'\\'.. {\f ,'Ihl..'r li~ns l\r t'har~e" l,v l_ender 'ill all not he a \I-liver of Lender.s
<br />right h' :l>.'l'l.:k'r,llc !hL' m;llllril" ,'r- Ih..' 'f1J,,:h!('dnt:~;; '1',.",;-,'..1 hy !hi... \1,HIQ;IUl'.
<br />- 12. Remedies Cumulati~'l" ,\!I 1:"llIL'd;('>; rnnll,kd :i\ th!~ \fnri).:'.;\g~~ ;'lrl.:' di...tinct ~lld -:ull1ulativc !o any other right or
<br />rl:'nll'd~' llllun th", !\'f.)rl~::I!!L' {Ii ,lIflWtkd h' b\t <.'1' l',jdlt\' .!fhi f1),l\' h.: t'\erel".:-d "'imcurr~ntl\'. independently or slIccessively.
<br />13. SUl'l'C','''OPO; and \ssign.. 8uund: Joint :md St"\l'ral l.iahi1it~; ('u()tions. The \-'Il\'cnallts ;Ind agreements - herein
<br />~'lln!alr1e~I....I];!1l bind_ .lllt! rhl.' !idll'" hl.'r'~\i:,dcr >;h,d! l1Hli\.' hI, .he r-"',pct.'fi\:e ~\l..:...'t:":'Iln'i and a<.;..,i~n~ ,)f Lenuer and Borrower,
<br />..,ubic..:t h1 Hit' pn\\i~H1n.. ,>I !~ !lI.'ll.::ni \11 ~"I\\t.'n.ll1l-'. :l',d :1l!.fI.'t'Tlicnh ,,1" B,1fl"0\\'Cr sh:dl he jf\int and several.
<br />rhe \.';lrtll\lh ,tn.! h('adif1~" \'1 r:-,r,!i!1";lplh <.'f ;hi, \t(11 !ga~L' :11\_' l:l\r ,:l'!lvcnicl1l't' ('nly ;lfld are not 10 he tlsed to
<br />,nk-rrret c'r define rhe rr\'\ j"!{'l," bl"IC"r
<br />14. ;'\cHin'. F\c:cp! !-'" ;un 'j,'ll,__\.' '-l''._F,i:\'d !H',kf _,;>;1Ji..",t!,ll.: Ll\>, 1,' be givcn in 3ihHher manner. (a) any notice to
<br />8nr!l1\\'cr prl'\H.kd ~"r if1 ~hi... \l\'I!t:,u~c "h,d! he i1\ '1".)j,1I1:..' '-\kh w'u...:..' hv ,-'('r!ined mail ;lddrcs::.cd to Borro\.\'er at
<br />tht' Prt'pl'rt\. .\ddre-.... 1'1' :)' ",1;..':: \ltlll'~ ,JtJ!t;..' .,,, H," ,k"10n:Jl~' toy 11(\(lt.:t:' 11' lender dS provided herein, and
<br />lh) :m\ n~Jll<.''-' ld I ri~dl,.'! ...h.di f'l' :;:'l~" h CCI]'lit,,; r~'LJtJ~.qed. !II lender"" addre,,'\ Slated herein or -to
<br />~lh_'h "th-'r ;'ddr~'v-, -,... I ~'~'d('F' '1L! ,k~l~fU!C h.. i,' B", _ot ,\" l~r{'\!(h.:d hl'rem \ny !1!.'!ice rro\"ided for in this
<br />i\'~\rlg.lg~ "h;d! hl' tlt"Cllh.'J !.1 h:!\,-' !'(',-')\ ~!\t'll ii' B.\,l<l\\...r I'f I .'ndcr \tht.~n ~i\t'll in {he- manner dC'iignalcd herein,
<br />15. Lniform 'InnJ:a~l'; (;uH'rnin~ I.a\\; Sl'\l.'rahilih, I !lh l,'rm d I11UrI!-!:lgt: (llmhilw<,; unIform (l)Vt'nant, for national
<br />use :Jild ThHj-tll1if,',m ~-I)\{'!n!)i, .' i~h 1inHll',j \,If'l.:lll'Il'' i', ,..,L',_lii111 III ...;,qhi!!i.'iI.: ,I llnd('rm ~e\.'\Irjl\' instrUnlC'ilt covering
<br />real Pfl)PCrl\ Ih~~ \!t'n~.l';l' ...h.:ii h' E!,-l\,,'jli,-'d h Ihc 1.1'" ,') !h~~ j'"n..di(.'II,ln in which thL' Property i~ located. In the
<br />~v~nl th:l.l .!ll~ P"'\,I"'it1r! ~'r ~ L\:.:..... ,-~' 'hi" \ll);{~'lt!-t: .,. d},.' :\,\!(: u,tltlkh \, ith ~li'P!i.:;thlc LIW. such <.:oni1iu "hall not affecf
<br />l\ther prt\\j'o.lt)lh "f Pw, \1(..rt!~,l;(, .'1 !il(. \:"'\' \..th./1 ,:;n1 t->..: !:i'.en t'iI.':CI \\ idl<'1I1 the c\)nnjclin~ pro\-j,it)ll. and to this
<br />l'lhl Ihe fll\)\hi..ll1" "1' lht: \t\)!r~~H~l.' .lad the .....,'1'... .1;,-' ;~,~.cl.lrt,d I," he "L'\l.'rahlc
<br />16.' Bnrro\\cr's Copy. B0if:,\\t:! ,l~,ld r(' t'(lrt1:"h~,l .1 ,-<'tlh\nn~~d ((,py tH the Note ,md of rhi;; ~1ortgagc at the time
<br />,'l c:\.C(llri{UI ,1f ,It'll'!' f't:l.l1rdi.Hlt)n ht'lt:\lt.
<br />17. Transfer of the Propert)--; As,..umption, I! .\:! t'1 ,'i the Prl\p~rt\ ,11 ;H\ inkn:st {herein i... -;old PI' transferred
<br />hy Borr\~\h'r ,\llht111l l,i..'nd\.'r\ prh\f WI il1t,''1 ,', 'n_,,~'n; l,l i lh.... ..: rt';lti,11l ,d ;! li~'n (\[' ('m;umhrail~'c ~uhlJrdinate to
<br />lhls i\\\lrlg,\~I.'. ihl the .-rt~ath':l ,.( :1 rU;;.i1J't' !n,){l(Y ~,'~lii It\ inlclcq !'lli h\llJ"dh,ld appliance.., h:) ;,j lrall_"fer hy devise.
<br />ues\:l'll( t'f h~ ,\pl.'r~ltlon pi' Lt,,\ Ur,ll1 lht" lil.""i.lih +.'1 d i\'i!i! t....ll,lIl! 1'1 X.L, ;;-- ~.. _dO ''':_- j ~,,~ Jk"t".l IR'unot '~f three ye::r:::: zr 18~&
<br />r'~l IJ'.H iRm~ tll fi.l t l fJIUl'll' lew..k:r m,lY. .\1 I ...'tH.-l<.'I"I.'pt"lD. J.ed.lre i.tlllh<;.' surns ~culrcd lw this Mortgage to be
<br />unmc,lialdy dlt~ ,1l1d payahlc_ I ,,'nder -;\l:dl ha\c \t.i!\cd ~u...h option In a~x.'deri)tc if. pril\r_t,) the sali.: or transfer. l.ender
<br />and the pcr~on 10 \dWlll the Propt:rty 1" h\ {l~ ~oiJ (\1" tr;ln..tcl rcJ r~a.:;h agreement in \\-Tlt1ng that the ;.Tedi! l)f ,ueh person
<br />1'\ s3ri"facwf! ll) I.en...kr and thaI th-: inlal'"i p'I~,'1hic ~\n the '>lHlh :St'cur~d by this fI.'long.agc shall be ill su..:h rate JS Lender
<br />!'.hatl requt'')l. It I cndcr has Wi]lycd the <.-'rll,~n Ll dcct:kLik provided 111 this paragr,lph 17, nnd if Bdrrow(.~r"" SU(C~~S(lr in
<br />interest ha" exc-=ll[\'~J a \\fillCn J.s...umptlon ~\!-!r,:ell1t:nt ac....cplcJ ill ',\.fitl!l~ hv Lender. I clhkr :o.hall rck;N,: Borrn....cr from all
<br />obligations under (hi... Mortgage and th~ ~I)tc
<br />If l.ender c:\cr....i,t::-. ..u;:n ,-'ption h> a..:cckfdle. I ~n,.kl in.ill Borr,l'.t\.'r 1101:"',,: l'l :lC\.'elr:rath1o in ;!........,)nJancc Ikith
<br />paragraph H hereof. Such lWHee "hall prova.!c ,I f";.:n.ld 1'( n. ' )..:.,\ lh;\:l ,Hl d;l\" lri.\11l thl' Jat~ thl' 11l.lIi...'e i~ mailed \\ithin
<br />whIch Borrower ll1J.Y ray the -"um\> dcclar(.~.j duc. it Borl\1\'u l-Id~ I() ~'d\' Slk'h 'Ullh prhl! II' the C\pir.llh)1l d ....o'-,h pl'riod,
<br />Lender may. \\llhnut f\lnhcr nofl...'c or tklnand l'll Burr'th\..:r. dl\lll.,l;' ,Ill} ft'llh.:Jic-" pt.'rmtlll:,l h\' raragraph IS hC-fCOf.
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<br />NON~UNlf(JR~-t CO\f:-'.''\'h. ROl"f,)wcr ~il\J II.'!lJl.'r fUrihel ..'\~\t.:iU~11 df1lJ ,l~rel..' a" 1',)llt)\\''''
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<br />18. At'edenltion; Remedies. ExCt.'pt a., pro\'ided in para~raph 17 hert.'of~ upon Burro\\'t:r's breadl uf an) l'O\'enant or
<br />agreement of Borrower in thh "orl~agc. indudillj;: the n)\cnanl~ In pa} \~~~;'... duc au)>' ~um!o ~l'('ured b)' this 'lortK~e.
<br />Lender prior to a~celer.lIion shan mailuotice In Borro\lter a"l pnnideu in llara~raph J.$ hCfl'of spc..'if)ing: (1) tht:' breach:
<br />fU tbe action required tu n:.rc such nre3(h: {.3} a d~!e. no! Ie-So" Hum JO dal~ frum the (hlte the notice l.. m~iled U! Ih!fro\\'cr.
<br />b)' l\-'hicb .OJuch bft'IKb musl be cured; and (4) lhat [ail un.' to ('me ~Udl breach on or befQfC the dale SI)cdti,:d in the notice
<br />may rewt in a,'cel..-ration of the sunh !'t"'i.:ufl~d It)' thi.~ :\tor1~"J:.e, fo'-t.'du~lIre h,. judkial pwn:l'{lin~ and ~ull' of tht' Property.
<br />The noti...t' !lhaU further infor:m Borwwl'r of .h~ right in rein"ratl' ufter an't>lcruthHl ;.ind the right ft.l a~:'Icr1 ill the forec!o\urc
<br />priKn-dlull. 'he nOf1~f'''btl!nct: of N defAUlt ~Jr un) oth~r (h.~feU''1\' uf 8urru\\t~r tu ai..'~'d('.-ari(}n ami rHH'do~urc. If the brt'lu,'h
<br />i~ not t'u~d un or bdorc th\' dllt~ spt~{:iti~d in lh" lIotkc. L-t'uder .H Lender'!!! uptioJl ma) dedare all of du,' sum" l)t'cured b~
<br />this "h,rtgugc tv bot imnwdiald) due und JUI)-uhle wilhoUl further rh.-mand and Hla) hUI.'l..lu..... b) judicial proi.'ccd:h.g. l.",nd't.'i'
<br />,hatt ht~ t'..rilftd II) \.'olh,.(,t in ,u\'h pmt.'t't'(Hn-c all l'\Jl4.'n..e, vi' r()t~du..ttn'. illdudiu~, but nol limh\.'d hI, ~'.~h uf duoltlh:ut<n,
<br />C:\ ideJI~.-t. ..mtrl,d\- and tit lit ((~V0(1~,
<br />19. hrw~t'l'_\ RiJ:ht tH Rt"lu-\tah', ,,('!\~ 1l!\\LI1. l<af I ,:nd,', ...
<br />BUfUI'.t., ~fl,\jt hi;"" Ihe tf~h; :', l.",.( >'" ;,:,,\.~,;j!n,-", hq;\jli ~', f "Iil.k.
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