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<br />84 - 006469
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<br />I.~ndcr', \\fltl.n agreement or apphclhle law, Borrower shall pay the amollnl of all mortgage insurance premiums in the
<br />manncr provi<k:d under paragraph 2 hereof.
<br />Any amounts disbur""d by Lender pursuant to Ihis paragraph 7, with interest thereon. shall become additional
<br />mdehtednes, of Oorrowcr secured by Ihis MOrlllage. Unles.s Borrower and Lender agree to other terms of payment. such
<br />amollnts shall he payable upon notH:e from I.ender to Iklrrower requesting payment thereof. and shall bear interest from the
<br />date of ,lisbursemenl at rhe nlte payahle from time to time on outstanding princip:ll under the Note unless payment of
<br />interest at such rale would be contrary to applicable law. ill which event such amounts shall beaT interest at the hifhest Tate
<br />permissihle under applicabl" law. Nothing contained in this paragraph 7 shall require lender 10 incur any elt~ << take
<br />any action hereunder.
<br />8. IMpet:don. Lender may make or cause: to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender .shall give Borrower notice prior to any such inspeclion specifying reasonable came therefor related to LencIlIr's
<br />inlen~sl in the Property,
<br />9. COIHIemftllllcm. The proceeds of any award or claim for damages, direct or c()nsequential, in connection with 8Il)'
<br />,'ondemnatinn or other laking of the Property, or part thereof, or for cor 'eyance in lieu of condemnatioo. are hereby assigned
<br />and shall hc paid lO Lender.
<br />In lhe e\'en! of a 10lal laking of lhe Property, the proceeds shall be applied to the sums lIIICured by thill Monpee.
<br />wilh rhe excess, If any. pJid I,' !lorTOwer. In lhe evenl of a partial laking of the Property, Imless Jkvmwcr and Lender
<br />,'!herwise agrce in wrihng, rhere <hall he applied 10 lhe <urn. secured by this Mortg. such proportion of the proceeds
<br />as is equal to Ihat proportion which the amounl of the .um< secured by Ihis Mortgage immediately prior to thedatcof
<br />laking bears to thc fair market value of the Propertv immediately prior to the dale of raking, wilh tbe balance of the proceeds
<br />paid to Borrower.
<br />If lhe Properly i, ahandoned 1'1' Borrower, or if, after notice hy Lender to Borrower that the c:oodetnnor olfen to .....
<br />,Ill award or ,ettle J claim for damages, Borrower fails to Tespond to tender within 30 days after tbe datesuclt notice is
<br />mailed. tender is aUlhoriled to collect and apply the proceeds, at Lender's option, either to restoration or repair, of the
<br />Propenv OT 10 Ihe sums ",cured !w this Mortgage.
<br />Unle" r cnder and Borrower otherwise agree in writing. any such applicalion of proceeds to principal shIIIJ not ell.....'
<br />or poslpone the due date of the month'~' installmcnts referred 10 in paragraph.s I and 2 hereof or change the -' of
<br />,uch In<fallmen"-
<br />to. Borrower Not RdeaHtl. Extension of the lime for payment or modification of affi{'\rlization of the _ IIaIftld
<br />hy Ihis Mortgage granted by Lender to any su('cessor in in!eTest of Borrower sball not operale to release. ir. any _.
<br />lhe liabilily .. ~ the original Borrower and Borrower\ wcc""o" in interest. lender sball not be required to G-.-
<br />proceedings against such su('ccs.or nr refuse to extend lime for pay'ment or otherwise modify amonization of tbe _
<br />..__~.....",...l ...... 'h:~ ........-""'..-_ 1.... ":"'~_ -~. "._...,1_ ___I m-.J- L.... '-~- ......:_;__. n..... _... ...-d'A:~r-~-~. ~'i:.""~'"' ~_ ~,..., ;..........~~
<br />.. 11. . F~~~:-b; i~...r Not ~ w~;;~:.-A'~,.. f~~~:an~~ oy i'.~nder in exercising any risht or re~ ~ <<
<br />olherwise afforded hy applicable law. shall no! he a waiver of or preclude the e~ercise of any such ri&ht or nnnecIy.
<br />The procurement of insurance or Ihe pavmen! of taxc<; or ,)ther 1ien~ or ,'harges by tender shall not he a waiver of Lender'a
<br />righl 10 accelerate the maturity of the mdehlcdne" ,"cured hv this Mortgage.
<br />1%. Re~dk-s Cumufadve. All remedies pro"ded III tl", Mortgage are distinct and cumulalive to any other riPt <<
<br />remedy under Ihis Mortgage or affMdcd t,\" law M "qUlI\" and may he e,erc;,ed concurrently. independently or su;:ccssivcly.
<br />13. Suc:Cl'SSOn and Aulgm Bound: Joinl and Se~('ra1 f.Iabl11ty; Captiens. The covenants and agreemetlts herein
<br />contained shall bind. and Ihe right> hereunder ,hall m\lre 1Cl. Ihc respective SUCL'eSSOrs and assigns of lender and Borrower,
<br />",bject to !hc provisions of paragrolph 17 hereof All covenanl< and agreement< of Borrower shall be joint and _l'1li.
<br />The eaprions and headings of the par,'graph, of Ihis Mortgage are for ,'onvenience only and are not to be used to
<br />interprel or define the pHl\'"ion, hereof.
<br />14, Notice. Except for an\" notice required under applicahle la" 10 be given ill anolher manner. (a) aflY nolic:e to
<br />Borwwer provided for ill this M(lrlgage ,hall he gIven hy mailing such notice by certified mail addressed to Borrower at
<br />lhe Property Address or at such other addre" ,is Borrower may deSIgnate by nOlice t/'l l.ender as provided herein, and
<br />(bl any no!lce to Lender shall he gIn'" OV cerlified m...I, return recelpl requesled. 10 tender', address stated herein or to
<br />such other address as l.cnder ma\ de,ignale ov no!ice 1<' Rorrower as provided herein, Any notice provided for in tbis
<br />Mortgage shall he deemed to have heen glwn 10 8flrrower or !.ender when given in the manner designated herein.
<br />15. lJIrif_ !\fo~; GonmiBfl La..-; S....erahlllt~. 'Thi, fMm of mOr!gage comhi~ uniform covenams for national
<br />..., and nOn. uniform covenant. with limited "trlat.on, Iw ju"sdiclioll 10 conslilllte a uniform security instrument c:overiJlI
<br />rea, ,-- -""flV 'This Mortga,., ,h..1I he governed Iw lhe law nf the jurisdiclion in which lhe Property is located. In the
<br />evenl thai any proviSIOn nr c, \ll>C of ,hIS Mongage "r the Notc ",mflicl' with applicable law. such coolliet shall not alfect
<br />other ,,In'Hi,,", of Ih" Mortgage or Ihe Nl\le which can be gIven effect wirhout lhe conflicting provision. and to tbis
<br />end lhe Phwisivns of !he Morlgage and the .....'.te are dcclared In he scverable.
<br />16. lIorrown's Copy. Borrower ,hall he furlll,hed a c,mformed copy of the Note and of Ihis Mons. at the time
<br />nf execulion '" afrer recordation hereof.
<br />17, TnMf... of t'" Prupeny; ASIIlIRI,tiot.. If all 01 an, pari of Ihe Property or an intemt therein is sold or Irmsferred
<br />by Borrower withoUI Lender's prior writte" LOn'cnt. e~c1udinll la. the creation of a lien or encumbrance subordinate to
<br />this M"rtgage, Ib) the creation of a p\lrehase money >ccuril\' IntereSI for household appliances. Ic) a InJUfer by devlte.
<br />dncent or hy operation of law upon the death of ;) iomt tenant tlT it;lr .~. 'fRAt of IA). hlllkrl. i II 111 af 'hr'l] ..(0 IF 1_
<br />A.I nT' ''1'-' I. I "H II III r ~rr. Lender may, at Lender', "ptlon, declare all the sums 'lCCured by this Moncase to be
<br />lI11mediatelv due and payable. len"':r ,hall have waived such oplion !l\ accelerate if. prior to the sale or transfer, l.ender
<br />and the perwn W whom the Property is to he 'old or translerred reac'h agreement in writing thaI the credit of such pencil
<br />is satisfaCIO!)' 10 l.ender and Ihal the interC\t payable on the slims secured by Ihis Mortgage shall be Ilt sllch rate as Lender
<br />shall request. If l.ender has wa,ved the "plion 10 accelerale provided in Ihis paragraph 17, and if Borrower's SuceeHOr in
<br />lot_t has eltecllted a wrillen ass'IIT,. ;ion agreemenl llCceplcd in writing hy Lender, I.ender shall release Iklrrower from all
<br />obfillltions under this Mortgage and thc Note,
<br />If Lender eserci",s such op!ion 10 accelerate, I.ender ,hall mail Borrower nOlice of ac(eleralion in accordancc with
<br />parallraph 14 hereof. Such notIce shall provide a period IIf nor less Ihan ~O days (rom Ihe date the nOliee i, mailed within
<br />which Borrower may PllY the '.ums dee/Med due If Borrower fa lis 10 pay SIKh ,ums priM to Ihe expiralmn "f 'uch period,
<br />Lender may, withoul further nOli('e ('Ir dcmand nn fIorrower, IIlVO~C any remedics permitted h~' paragraph l!l hereof,
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<br />NON.UN,rottM COViJNANTS, IklHowcr anJ Lender further covenant ,,"d agree .. follows:
<br />.1. A<<Wratllm: ~ F..nept 118 provided In ......... 17 Ml't'Of, upon Bono..-uts bretrclI of uy CCl\'CHIIf 01'
<br />.u__ .. IIorrowu hi ltttI M......~. Indoomc the .'o".....nh 10 pay ..heR cl"" lIII~ ..._ ....uncI by IIols M~.
<br />I....... prior Ie *'~ sIteIIlMiI oolk:e 10 ISerro..-('r .... 1'10>ide4 III .........,.. 14 hereof sp.dfYinI: III tile bnach:
<br />,_ the..... ~ Ie c_ _II IPlU(h: (3) I' date, IlOt k-ss IhaA .'10 days fl'Otll tM ellIle the notice Is ntaIIH t.. 1emIwer.
<br />'" wtddt _h lImIdi lIHIlIllIe cuntli ud t41 tluat fallu.e 10 CUlt' ouch brellCh 011 or before IIIe date llfI"llied I. tile IIlIltN
<br />..., ...... in ace...... of tM ""_ _'uml by this 1\1~, 'OIeclorsu... by jndkllll pnK't'CCtIBfl lHId .. of lhe I'rupefty,
<br />TIle ~ sIteII fIIftIIcr WonD .........., of I'" ritlllf 10 ..........at. IIftcI' ...,............ and 1M ri1t1lf to _ I.. I'" fOftC'''''''-e
<br />....uuliR,& tile _......e of II dri.... Of a..y ......r Ilefe_ of hm...", to II<'ce"''''Io.. and fol'K"""-e. If tile lImIdi
<br />i4 not ........ '" bef... lhe llek .,.lfIett 1ft 11M nofk:('. I..nd~, at I,,,ndt','. opIloA mol' d<<lllft all 0" the ._ _cuncllt,.
<br />ltttI Mortprp lit he Imlll.tlilIIl<<l~ 4ve ,DmI peytllm: ..itllottl hmher Ilemand and _, fl.l.......lorst' by lutliclaI pt'U<'~. bndt'r
<br />..... he r~ ... ,~I III ....It pr..,.~ lilt u.......... of f"..,It_,.., iMI~, bitt not lIm1t..d '0. ..not. nf ..0('.._.....,'
<br />nldrHo<". ....,11<1.,. IOftOI !,11f r..........
<br />... ~.<<t"i!t lM..ht act R........ 'l11t\...,th,c-uH'iln,tt , l.'ndet-... .h,u'h'r.~tl(\!l ,.t lhl' '.lInt... ..t~nll(-d h\ lhf\ ",,'t'rt~,\I:t1.'
<br />fkHrn'\\~r '~hall h~y(' 1tN-" :t~h' !i\ h,"I\>~:' <tin prHu.:~~dlll~"" ht'~Hn hI" "'fH:lt~f In t'nh"ru' :h,', \1\'llg~~(' ,jl\~\.lnlltlHnt .~l i'll\ ',nw
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<br />HH"I\, 8/114
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<br />:",;~r :tf"'~j i (JH4Pt
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