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<br />84 - 006408
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<br />Lender's wrillen agreement or applicable law. Borrower shall pay the amounl of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounlS disbursed by lender pursuant to this paragraph 7. with intere~t thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other lenns of paymenl. such
<br />amounts shall be payable upon nolice from lender 10 Borrower requesting payment thereof. and shall bear interC3t from the
<br />date of dlsbunement at the rate payable from time 10 time on outs landing principal under the Note unless payment of
<br />interest at such rate would be contrary 10 applicable law. in which event such amounlS shall bear inlerest at the highest rate
<br />pennissible under applicable law. Nothing contained in this paragraph 7 shall require lender to incur any expense or take
<br />any action hereunder.
<br />8. IlIIpeCdoa. lender may make or cause to be made reasonable entries upon and inspection. of the Property. provided
<br />that Lender shall give Borrower notice prior 10 any sllch inspection specifying reasonable cause therefor related 10 lender's
<br />interest ;n the Property.
<br />9. Comie........n. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of 'he Property. or part thereof. or for conveyance in lieu of condemnation. are herehy assigned
<br />and shall be paid to lender.
<br />In the event of a total taking of Ihe Property, the proceeds shall be applied to Ihe sums secllred by Ihis Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Properly, unle.u Borrower and Lender
<br />otherwise agree in writing. Ihere shall he applied 10 the sums sectlred by this Mortgage such proportion of the proceeds
<br />as is equal to Ihat proportion which the amounl of the stlms secured by this Mortgage immediately prior to the date of
<br />taking hears 10 the fair market vallie of Ihe Propel1y immediately prior to the dale of laking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. aner notice by lender to Borrower Ihat the condemnor offers to make
<br />an award or !>elite a claim for damages. Borrower fails '0 respond 10 Lender within 30 da)'l after the dale such notice i1
<br />mailed. Lender is aulhorized 10 collecl and apply the proceeds. al Lender's oplion, eilher to resloration or repair of the
<br />Property or to the sums secured by this Morlgage.
<br />Unless Lender and Borrnwer olherwise agree in writing. any such al'plication of proceeds to principal shall not extend
<br />or postpone ,he due date of the monthly installmenls referred to in I'aragral'hs I and 2 hereof cr change the amount of
<br />such inslallments.
<br />18. Borrow", Not Rdeued. Extension of the time for paymt.'nl or modiflcalion of amorlization of Ihe sums secured
<br />by Ihis Mortgage granted by Lender to any s\II:ces"" III inl,'resl "f Borrower shall not operale 10 release. in any manner.
<br />the liab.'it), of the original Borrower and Borrower's SlIC,','""", in interesl. lender shall not he required 10 CO~
<br />proceedin.. again.'l such succes.sor or refuse 10 e'lend lime for pa)'menl or olherwise modify amortization of the sums
<br />'iCCured by Ihis Mortgage hy reasoo of any demand made by' Ihe orig,nal Borrower and Borrower's successors in inlCfClt.
<br />II. ..~ by te"'r No<< a Wainr. "nv fnrhearance t>y Lcnder in e.ercising any right or N!medy hereunder, or
<br />.... . .~.i\:a"'i'i'iClaw. ,I'iai~ At wal'icr ('lor preci'iiaelhe exercise or- any .sucn flam or i'cmedy.
<br />The procuremenl of insurance or the paymenl of la...... or other liens or charges by tender shall not be a wai.... of Lenda's
<br />right 10 accelerale the malurily of lhe indebtedn<:ss secured by this Mortgage.
<br />12. RemetIIn C.........e. All remedies provided 10 this Morlgalle are dislincl and cumulative 10 any other riPt or
<br />remedy under Ihis Mortgage or afforded by law or equilY. and may he exercised concurrelllly. independently or lucUMIJilII)I.
<br />13. s..:~ and Auipsao...l; ""', ami Srse'" I.ialoillty;, C...... The covenanls and aar-Is henm
<br />contained shall bind. and the riahu ben;IIftdCjo"shall mure to. ,he rcspecllve snccessors and assigns of Lender and Borrower,
<br />subject 10 ,he provisions of paragraph"" hereof "II covenants and agreemenlS of Borrower shall be joint and several.
<br />11le captions and heldi",s of lhe parag_ph.'. of Ihis Mortgage arc for convenience only and are not to be used 10
<br />inlerprel or define the pcovisiens hereof. .
<br />.4. Notice. ElIcept for any notice reqlli~d under applicable law 10 be given in anolher manner. fa) any notice to
<br />Borrower provided for in Ihis Mortgage aIlall be given by mailin, such nOlice by certilicd mail addreased 10 Iom.1wer at
<br />lhe Property Address or at' 5lICh other a.wr- as Borrower may designato by notice to Lender .. pcovidecl hcrein." and
<br />(b) any notice to lender shall he given hy certified ma.1. retllrn receipt requesled. 10 lender'l addraa Itatedhenliftor 10
<br />such other addres, as Lender may designate by notice to Borrower as provided herein. Any notice ~ for in this
<br />Mortgage shall he deemed to have been given 10 Borrower or !.ender when given in lhe __ dt!siInattdhenm.
<br />15. llRif_ Mort&.; (;ow".....I.....; Srntalllllt~. This form of mortgage combil\Cluniform COftMRIs for natiotIaI
<br />use ."d non-uniform covenallls wilh limiled "ariatron, by juriSlliclion to comtilule a uniform security iMtrument coverint
<br />~al property. This Mortgage shall hi' glwcrned hy the law of Ihe juriSlliction in which the Property il!ocaltd. III the
<br />e, 'nl that any provision nr clallse of this Mortgage or ,he Nme conniet, wilh applicable law. such conllict shall not alhcc
<br />Olhe. prOVISions of this -,fortgallc or the N"le which can he ,;,ven effect withoul lhe conftictiRll pl'OYisIon. ami ,10. thil
<br />end the provisions of the :.tortllage and Ihe "'"te are ,leelared 10 he severable.
<br />16. lIonower's Copy. Borrower ,hall he fllrn"hed .. conformed .opy of the Note and of Ihi. MOf'tIIF at lhe time
<br />,If ClIeculion '" alter recordlUion hereof.
<br />11. TnsIIIf... of,lIe Propmy; A_mptioR. If all ,>r any part of lhe Property or an inlCfClt lhenm is sokI orU~.M
<br />by Bocrnwer w.lmlul I.ender', pflor wrillen cOllsent. ",c1udinll (a) the crealion of a lien or ~ .....""AiM... 10
<br />thIS Mortgage. 'bl the creal.on of " l"lTcha", moncy ,;eellTitv inlerell for household appliances, (e) a tramfcr by --.
<br />,ie""enl or by "peralton of law upon rhe dealh of a JOInt tenant or '.II Ihe granl "f any lelOK/KIld inte'" of lltrcc years or_
<br />.lOt COlltaiftilll an option 10 purchltliC. lender may, al I.ender'l option, declare all lhe sum. seellred by Ihis Mortpp to '-
<br />,mrneJlateh' due and payable. Lender shall have wa,ved sllch oplron 10 accelerate if, prior 10 the sale or II'll""". Lemler
<br />and lhe perwn 10 wnom the Properly is to be solJ ur lranslerred rcach allreemem in writing thai the credit of Iud! ~
<br />IS lilIt;,faclQry to Lender and Ihal Ihe interesl payable on the stlms secured hy this M"rlsal'\' shall be: al SUGb .... _lAnder
<br />shall rcqueal. If Lender hilS waived the oplion 10 .lccelerate provided in this paragraph 17. and if Borrower's ~ ill
<br />interesl h. executed a wrillen aMumplion "sreament accepted in wriling by !.ender. Lend'llr shall relellse IIorrowcr from all
<br />obliptlOOt under this Mortg.1'\' and lhe Note.
<br />If tender e.ercMlo stich of....'n to accelerate, I.cndel .hall mail lIt,rrower noticc of acceleration in accord_ with
<br />parlllrapn 14 hereof, Such noti.e .hall provide a period of nOI less than 30 da~'5 from lhe date lhe notice is mal~ within
<br />wIllen Borro...er ma)' pllY the "lnlS declared due. If 80rro"er fail_ '0 pay stich _ums prior 10 the upiflllion of such period.
<br />Lender IllAY. wllhoul further nOllce or demand on Borrowcr. "IVll~e any remedies permitted by paragraph III hereof.
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<br />NON-UNtI'OIIM COVI':NANn Borrower ,lIId !.ender furl her Clwenal1l alld "grec as r(lllOWl~
<br />II. A<<tIendon; lie..... '..llcepf.. JIfltw"tl in pllllIlCr. 17 hereof. lIJIOR Iorrowet'. ....... of ..y ~ Of'
<br />.-- of 1fIf.......r lR IIIis Mona... iRc:lutllRtt I.... n.Hlla"" I.. ,",y when .. afty _ ...... by .WIt Monpp.
<br />........ priot' to accdmR.lon .. .... notice 10 lIorfo..er 1M pr...kIflI in pllllIlCnaph 14 llenof ...df.,.lRtt~ (I) IIIe IIrttttdI
<br />41; IIIe IIdilm ~ I.. Clift MICA breach; 13) . tIate. ...., ic.... thu .'WI days from IIIe dale 1M notice IIIl11111e4 to ..........r,
<br />!If wWdl _II ~1I1l1"" lie c_..t; IIRfI (4)llIaI failure 10 ntre SIKh brelKh .... .... lief..", die tIate ttpedhd lR die IIIlCfH
<br />_, r.... In IKtelerlltlun of 1.... ..._ ...CII<<tI ill Ihk .\1ortlllOlle. r..re........,., by lutlkial pwt.HdlRtt ami .... of die ........".
<br />'1'IIe notke" f......r i"form h,....rr 0' 1.... rillhtl.. rd....tll4c alter acnlHallon and t.... rillll, to _11 in ,.... f_hmIre
<br />prec__ die ..._ahtcMe uf . 'Hf."" .., any "I....r lIef,,_ uf 1I<1ffO.... 10 IKcclemlon and f~. .f IIIe ~h
<br />III not curetS .... .., Wen tile daCe specified In the ootln, lemHr II' tutler'. 1"'1oR llllt) tlecl8re all of IIIe ._ IIHIIf'Cfd by
<br />.... Mort... 10 he i_tMatcl) dtw and ,.,lIbIc ..it""", fu,ther tkmand an. llllt) hwc<:k_ b) jtJ4kW pntCudina. I.......
<br />.... he ~ to c.~1 hi _h prmt'fltina aIt UIM-' "I I."........n. loci........ hut "0' """'... t.., ~.... of dtwu.....lU')
<br />"'~'" .....r.... amllit,1e '''110m.
<br />19, hr,......,.. Ill"'" 10 ""llIttllte. N"lwltl"'l.n<lll1~ I ."de,', "er.k,.I",,, "f th. '"Ill> .cutreLl by Ihi. !'.I11ftllale,
<br />~l<,w.r .hall ha.. the rliithl In h..v( any rH,,{.r..dln~' 11<'8"" h; Il'lnkr 10 t'l\f"".., .Im M"rt..~e di~"'l\lif1\.."d al allY lime
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