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<br />-3- <br /> <br />84........ 006286 <br /> <br />r <br /> <br />to Lender's interest in the Property, <br />9. Condemllation, The proceeds of any award or claim for damages, direct or conn:quentiai, in connection with <br />any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are <br />hueby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security <br />agreement with a lien which has priority over this Mortgage. <br />.0. hrrower Nol Released; Forbeanllce By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums secured by this Mortgage granted by Lender to any successor in interest of <br />Borrower and all other parties who are or thereafter become secondarily liable shall not operate to release, in any <br />manner, the liability of the original Borrower and Borrower's successors in interest, Lender shan not be required to <br />commence proceedings against such succeS50r or refuse to extend time for payment or otherwise modify amortization of <br />the sums secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in <br />interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable <br />law, shall not be a wai\'er of or pr~clude the exercise of any such right or remedy. <br />n. SlKt:eSlIOn lIIl:d Amglu OOlllld; Joinl aDd Sevenl Liability; Co-signers. The covenants and agreements herein <br />contained shall bind, and Ihe rights hereunder shall inure to, the respective successors and assigns of Lender and <br />Borrower, subject to the provislO!lS of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and <br />several. AllY Borrower who co-,igm this Mortgage, but does not execule the Note, (a) is co-signing this Mortsqc only to <br />mortgage, grant and convey that Borrower's interest in the Property to Lender under the terms of Ihis Mortgage, (b) is <br />not personally liable on the Note or under this Mortgage, and (c) agrees that Lender and any other Borrower hereunder <br />may agree to extend, modify, forbear. or make any other accommodations with regard to the lermu of this Mortgage or <br />the Note without thaI Borrower's \COnsent and without releasing that Borrower or modifying this Mortgage as to Ihat <br />Borrower's imeresl in the Property, <br />U. Nolice. 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 shail be given by delivering it or by mailing such notice by certified mail <br />addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender <br />as provided herein. and (b) any notice [(J Lender shall be given by certified mail to Lender's address slated herein or to <br />such olher addres' ..s Lender may designate by notice to Borrower as provided herein, Any notice provided for in this <br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner desianated herein. <br />IJ. loOVerD11lI Law; ~vera""lIy. Ille SHlle an<llocallaws 01 tile Juns<llctlon III wlllcl1ll1e t'ropeny IslocaUXl SllaU <br />apply except where such laws conflkt with Federal law;; in which case, Federal law applies. In the event that an)' <br />provision or clause of this Mortgage or the Nole contlicls with applicable iaw. such conflict shall not affect other <br />provisions of this Mortgage or tbe Note which can be given effect without the conflicting provision, ll.IlQ to this end the <br />provisions of this MOflgage and the Note are declllre-d to be severable. As used herein, "cosIS", "expenses" and <br />"anomey" fees" include al! sums I" the extent not prohibited by applicable law or limited herein. <br />,<t. Borrower's COP)'. Borrower shall be furlllshed a IOonformed copy of the NOle and of this Mortgage, if requesled <br />at the time of execution or after recordatIOn tlereo!'. <br />IS. Rritatmlcalloll 1.0.11 .I\ltl'fflllenl. Borrower shall fulfill all of Borrower', obligatiom under any home <br />rehabilitl\tion. imprOvemel1l. repaH or ,'ther loan agreemen; which Borrower enters into with Lender. Lender, at <br />Lender's option. may reqUire Borrower 10 e'-cl'ule and deliver to Lender, in a form acceptable to Lender, an Ilssi&nment <br />of al'Y rights. dalm' ,)r defenses wl1lch Borrower may have aga11tS1 plIflies who supply labor, malerials or services in <br />l'oiuh".,,"tlon with impro...eme'nt~ made:~ i(l 1he Property. <br />1('. Trallllder of tile Projterl" If Bmn)\\er sells or transfers all or any part (}f.lbe Property or an interest therein, <br />excludil:" (alihe cre~tlOn ui a lien 0' l'I1(;umhrall.e subordinale 10 this Morlgage, (b'l a transfer by devise, descent, or by <br />openlli,ll\ of ;:itw upon the dell!!l "j a\'JlIlt tenllnt, In the gram of any leasehold interest of three years or less nOI <br />Wtltllmin:!l,'n option in [lUrdlaSe, (d) ihe ("eallol! "f a purchase money securilY interest for household appliances, (e) a <br />!ramter to a datne res!llllng fre"11 ;he death of;; Borrower. 11) a transfer where the spouse or children of Ihe Borrower <br />bttome an owner of rhe pwperl., (~) a trall~ter ,,:suiting from a dcnee of di~solution of marriqe, lelal separatioc <br />"'llreemem. or from an mcidemal prnper!\ settlement agreement, by which the spouse of the Borrower becomes lIll owner <br />of lhe property. lh' a lrllnsf'~r Into an ;nleT vivos trus! in winch the Borrower is and remains II beneficillfY lInd which.:l~ <br />nOl relate ~o a tramfer of right' "f occupancy in the rropeTl\', or (i) any other transfer or disposilion described in <br />regulations prescribed by the Federal Home Loan Bank Board. Borrower shail caUlie to be submitted information <br />required by Lender to evaluate the transielee a, If a fleW loan were being made 10 lhe transferee. Borrower will continue <br />In be obligllte-d under the Nole ilnd lIltS Mortgage unless Lender relclIse'i Borrower in wriling. <br />If Lender does !lot agree to such sale or transfer, Lender may declare all of the sums secure-d by this MOr!gllge 10 be <br />immediately due and payable. If Lender exercises sud] "PilOn 10 accelerate. Lender ,hall mail Borrower notice or <br />acceleration in accordallce with paral~raph 12 flereof, Surh nollt:e ,!laB pnwlde a periOd 01 not less than 30 days from the <br />date Ihe nmice is mailed 1.11 delivered withm which Borrower may pay Ihe slims dedlllll'd due, II' Borrower faib w pay <br />such sums prior to the expiration of such period, Lender min. wllhoul funher nOlice or demand on Borrower, invoke <br /><In}' remedies permit!ed by paragraph I, m:reoL <br />NON-UNifORM COVENANTS, Borrnwer ,wd Lender further wvel1anl and asree as follows: <br />17. Accek-nllon: RemHIe@. l':l1Ct'lJl a5 p'o~idelil in psrstraph 16 llenof. tor lIfi ot~lIie ~ IJ~ law. ~ <br />hrmwer'$ IIreaelt of IIImy CIIUlIlllnl or IIIlft'i!menl of Donowt'r iB IItili Moregll~. I~iftli: ItN- ..o~_uts 10 \HIY by ibe <br />m of 11 ClIlelldar dllY5 dler IlIey aft dlle, al'l' SIIm5 ~ltred b~ tllb MOrllllle. tender lKiM III ~OOIll gd lU\'e <br />~ 10 .rrower 115 Jm'KrlllH by .ip,licsb~ IlIw specifying: ~ I' tlit' Iwe~;:h: 12) tile IK'IImI rC!:qll~ 10 CUn' SlICk MeKiII: <br />(llll !laSt', _1 "-Iltaft 111 dillS hllllllllllle dale IIle notice i51l1111dH to Bo'I'O"'". lIy wltklt !>lKtllJmKll_lit be t'llred; lIIlId <br />(41 tMt fdm't' to ClAte slidl brt'lIeb 011 or bt'fore Ille d.te speclflH Gr, IIIe Rllli<< IRa, rftlflt ill ~llon ", tilt' l>ums <br />_~ by llak Morttll_e. fm'<<I'nu.", by jt1ldkil$l .....cft4illlll. mBd .a~ of IlIe rrojtefl!',flle n41lk~ .lId furtllet' !II'Ot'm <br />hfflltwer of IIIe villlt 11.1 n'1I1$l1IIIe 1If1I~r llt'celenli'llI alld Ihe rill;'; 10 lI_rl illlbt' fOfff","'lfe PfOt.ft4iftllllw I!"Mllilile1l~ <br />of III r6ri~ Itr IIIlY l\lOltN-r "fllI'lM of norrnwll'r 10 IKnienlioll IUlcI f..'KltmlfC'. If lIili~ brC'lKh I. _I Uilrecl "III or IIt'fwe IIIe <br />~ ~ifW 1111 tile hlice, "4:'Im"'" AlIt lellder's Ollliol'l, mllY dedln' aU tof IlIe 'IIms 0<<'11,," It, lit" Morlaqe to bt' <br />_~ ~ IIIId PSYIlIt~ wllIJtlWlt fllrlller dlrlllllllllllll'llld mliY fll'KlollE' 1111'1 !\torllt\llli' b~' Jlldleift' procft4il'll. bl'ldt'f <br />~ 1M' ",*1<<1 10 t'~t ill 5114.'11 prot'ft4ililC 11111 nllllftlOfll of r..,elllumn. lndtldllll!l, bliil 01,,1 IimilH Ill, rellllllRIl'" <br />lItsmM'$' f_, 1I11d fOlilm Ilf ISlKltmlrlllll'Y r.ld<<ltre, lIltlllntt:h RBI! iiiit' rr,..rt.. <br />III. hfto"'",'~ IUlI!!I!" 'h'lI~tlllll. '."lWHh"andln~ I,~',,,le", 'H'<'delllliofl..1 'h~ ".Im, \ecmed In ttt" :\h'll~lllle due <br />",a BOHOtlfliJf'(''j, htlt~Qd~, RotrD'o'lit:'f "h~111 havl\." Ita' df!tht ~o hav'l.' ;UIV pfP...:t~('dBl~'i, begun by Lender {j1I enf;'~",c ;!1I~ \h111~l\t~f <br />l,hW:(!H~Hlu~j An'!-' trflH: jltrHfl' 10 (['&:1ft.... 0' .:.~ lWJKelHlt'Hf ("lfuf'_lnM lhl\ ~1ort~A~t' If" U.l) Ht'n,"\\ef p.on" L(,l.dry <ill "-umo" <br />,#,.n~Jlid t1'l':' rhel' due nndcr t~il" !'I,'forr~~~r.' illld tho!'.' 1'':q~{~ h~1d illl ~-l.C(d(,fIHhHl O(l'llfrO_I, \bl J-h'lilI1'An ,urn idi hI t'.i:l d It. " <br /> <br /> <br /> <br />_.J <br />