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<br />I- etsdcrs wriu.:n agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner' provided under paragraph 2 hereof.
<br />Any ampunta disbursed by Lender pursuant Io this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of, Borrower secured by this Mortgage, Unless Borrower and Lender agree to. other terms of payment, such
<br />amO Mp *4 lee Pay" upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />dos oLslabtnrsapgst at the me payable from time to time on outstanding principal under the Note unless ptsyttremt of
<br />insomst at atrelt tale would be contrary to applicable law, in which event such amounts shalt Dear interest at the highest me
<br />im=b Mle under applicable law. Nothing contained in this paragraph 7 shall require Len�r to incur any she highest es tape
<br />any messiest hereunder.
<br />II, lrgeetlos. fender may make or cause to be mark reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to Amy such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property,
<br />9. Csndetnnatlon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and &hall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the stems sectored by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />Otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the .proceeds
<br />as is egwl to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market valid; of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />rd
<br />an awa or, settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone [he due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />Proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. IPorbseranee by Under Not a Waiver. Any forbearance by Lender in exevcising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shalt no be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />Remedks Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently, independently or successively.
<br />13. 3@eensm and Assigns Bound; Joint and Several Liability; Captions, The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provision of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as LenJer may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage "I be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />1S. UnNorm Mortgage; Governing Law; SeverabgNy. This form of mortgage combines uniform covenants for national
<br />time and nos- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />red Property. This Mortgage shall be governed by the law of the jurisdictittt in which Ihe Property is located!. In the
<br />event that any Provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not a
<br />other Provisions of this Mortgage or the Note which can be given effect ffect wit ffect
<br />hout the conflicting provision, and to this a the of the Mortgage and the Note are declared to be severable.
<br />Of execution or after recordation hereof.
<br />17. transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding fat the creation of a lien or encumbrance subordinate to
<br />the, Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descant or by operation of law upon the death of a joint tenant or
<br />Len�r may, at Lender's option• declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to she sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the stems secured by this Mortgage shall be at such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by tender. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Leader exercise such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />Paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />Which Borrower may pay the sums declared due. If Borrower fails to pay such runts Prier to the expiration of such period,
<br />Loader easy, without further notice or demand on Borrower, invoke any remedies Permitted by paragraph 18 hereof.
<br />NOW- UN1MR14 COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />1111. Aeetionsdest Remedies. Escepl w provided In Paragraph 17 hereof, upon Borrower's breads of say covenant or
<br />aposasMiI of Borrower le this Mortgage, including the covenants to pay when doe any want brewed by thY Mertgstge,
<br />Laniw peter M wilolerodon alstil may notice rot Borrower as provided In poinignaph 14 heref specifying: ecure (1) be beeaeba
<br />(_) Nut a dim nM*W to cars such breathy (3) a doe. not less than 30 days from Ike date the notice r mailed to Borrower,
<br />by wUM awb bMuk tart M cured; Bad (4) than failure to ewe such breach on or before the daft apeef6ni in the wllce
<br />WO "'In aecsiesatloMi of the wins secured by Ibis Mortgage, foreclosure by (udiche proceeding and bale of the testy.
<br />I1tt nttl*e abatl fwtbetr hd* m Borrower of the right to reinstate alter bccekration ant the right to wort is the foreelotrre
<br />MoeMdbq Ibe mm-tt react of a tltfasR or any other defense of Borrower rot acceleration and fortekssus. It the breach
<br />Is Mies eased oMi or betan the doe specified In the nulke, Lender at Lender's option may declare an of the sums **cored by
<br />Nis Mobt$W N his lmmedNstely dw and payable without further demand and may foreclose by Judicial proceedngg. Lewler
<br />settle be eaust N cotlkt fa such proceedlag all expense* of foreclosure, including, but nee limited rot, raowb of documentary
<br />evNlasce, MiWrace and tile reports
<br />19. IlNtrrowees Right to Reladals. Notwithstanding t ender', ,u, vjvtatun, .,I the seas secured by this Mortgage,
<br />Borrower shall have the tight i.) have any proceedings begun by 1 ender t., .•nlorre this Mortgage dts.onumeed at any bone
<br />NINA 9/84
<br />Sortiat 1984A
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