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<br />84--
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<br />006485
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<br />r
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<br />Le~r':; wnll.;n "lIreemenl or applkable law. Borrower shall pay the amount of all mortgage insurance premiums ;n the
<br />manner provided under l>arasraph 2 hereof.
<br />Any amollnts disbursed by lender pursuant 10 this paracraph 7, with interest thereon, mall bel:ome additional
<br />indeblednes.~ of Borrower secured by this MOftl.lage. Unless Borrower and lender acree to olher lerms of paymem, such
<br />amOtlnlS shall be payable "IX'n notice from lender 10 Borrower requeslinc payment lhereof, and shall bear inlerest from the
<br />date of dMU~1 at the rale payable from time 10 time on oUlslandin. principal under lhe Note unless payment of
<br />interest at such rate WOtlld be conlrary to applicable law, in which evenl such amounll shan beu interesl al lhe hiaftat ralc
<br />permisaiblc under ..Pf'/icable la",'. Nothing conlained in Ihis parasraph 7 shall require Lender to incur any elt~ or take
<br />any lICtion hel1lUllder.
<br />8, IlIIpKdH. I.ender may make or cause 10 he made reasonable entries upon and inspections of lhe Property. provided
<br />Ihal tender shall live Borrower notice prior to any such inspection specifying reasonable cause lherefor related 10 Lender's
<br />intel'C'l in the Property.
<br />9. CDlllltlB.w.da.. The proccedll of any award or claim for damages, direct or comequcnlial, in connccrion with any
<br />condemllJlllion or other laking of the Property. or pan lhereof, or for conveyance in lieu of condemnation, are hereby uslgnecl
<br />and shall he paid to l.ender,
<br />In the eYCflI of a total lakine of the Property. the proceeds shall be applied 10 the sums secured by this Moopp.
<br />,,'ith the ."ce"-~. if any. paid ", Borfl'wcr. In lhe event of a partial takine of the Properly, unless IIormwer and I..tmder
<br />.\Iherwise agree in writing. therr shall he applied 10 the sums secllred by this Morteage sllch proportion of the procceck
<br />as is equal 10 Ihal pt'oporlion whIch rhe amounl of the sum. secured hy Ihis Mortlale immediately prior to the dale of
<br />takins bea,. 10 the fair market value "f lhe Property immedialely pt'ior to Ihe date of takins, with lhe balance of the proc:eeds
<br />(lllid to Borrower.
<br />If the Properly is abandoned hy Borrower, or if. after nOlice by tender to Borrower that the condemnor oIren to mde
<br />an award or senle a claim for damage.. Borrower fails to rCSlX'nd to Lender within 30 days afler the dale such nolicc is
<br />mailed. '-endcr is authorized to collecl and apply the proceeds. at I.ender's option. either 10 restoration or repair of die
<br />Properly or to the sums secured hy Ihis Mortp(IC.
<br />U nlcss Lender and BofT<lwer olherwlse acree in writing, any such applicalion of proceeds to principal shall not Clltend .
<br />or postpone the due dale of lhe momhly inslallmenls referred 10 in paragraphs 1 and 2 hereof or clIanae the _t of
<br />~uch installmenls.
<br />'8, IIenv-.. Not...... Extension of the lime fOf payment or modification of amortization of the sums IIlIClII'ed
<br />by this MOrlgage granted by lender 10 any successor in interest of Borrower shall nOI operate to relelllC, in lIIlY _.
<br />the liahilil)' of lhe oricinal Borrower and Borrower's successors in interesl. lender shall nOl he required to ~
<br />proceedings against such successor or refuse 10 extend lime for payment Or otherwise modify amortizalion of the suml
<br />SClCurcd hy Ihis MOrlCage hy reason of any demand made by lhe original Borrower and Borrower's SUCCClSOl'li in intenIl,
<br />II. FfII'IIhnIIIce by I~"" Not a W....er. Any forbearance by Lender in e..ercisinc any riCht or remedy~, or
<br />otherwIse aftordedny appllcaDle laW. snail nOI be a waIver or or pfCCll1Ck the eltCfClIC of any suclI I'JIM or reIIleIIY.
<br />The procur~ment of insurance Of the "ayment of ta'es or olher liens or chal'(lCS by lender shall not he a waiver of ..........
<br />rilhl 10 accelerate the maturity of the indehledne\S ,<,cured by Ihis Mortgage.
<br />12. R~ C_uIMIn. .-\" remedies provided in Ihis Mortgage are diSlincl and cumulative 10 any other riIh& or
<br />remedy under this Mortgage or afforded by law nr equ;ty. and may he exercised concurrently. independently or It~""',
<br />13. _~ IIJMi AaoIiat15 1Iouad; lolat IIJMi Sneral 1.iaIIiIky; C...... The covenants and ~ henia
<br />contained shall bind. and .he righlS hereunder shall inure to. the respeclive succeSSOnl and assigRS of Lender aacI ~,
<br />subjecl 10 lhe provisions of paracraph 17 hereof. All covenants and agrcemenls of Borrower mall be joint and ____
<br />The captioo5 and headincs of the paragraphs of Ihis Mortgace are for convenience only and an: not 10 be IIIId Ie
<br />inlerpret or define lhe provisions hereof.
<br />14. Nedce. Excepl for any notice required under applicable law to be given in another _. (al any .... .
<br />Borrower provided for in Ihis MortCage shall he given by mailing such nOlice by certifted mail addresaccIto Bar.- ..
<br />lhe Properly Address or at such other address as Borrower may designate by nolice 10 Lender as provided......... and
<br />(b) any noti"e 10 Lender shall he given by certified mail. return receipt reqUC5led. to tender's addrea Itated .... or eo
<br />such olher address as I.ender may designate hy notice to Borrower as provided herein. Any notice provided for ill dill
<br />Mongage shall he deemed 10 have been civen 10 Borrower or Lender when given in the manner desllnatetl .....
<br />15. U..w- M....; G.""...... lAw; Se\ICraIIIIIfy. This form of mortpge combines uniform COftMtIII for........
<br />use and non-uniform covenanlS with Iimiled variations hy jurisdiclion to cOmlitule a uniform MCurity inat~ ~
<br />real propeny. This Mortcale shall be governed by rhe law of the jurisdiclion in which lhe Propaty is Ioeated, ,,, till
<br />event thai any provision or clause of this Mortllallc or the Note conllie.. with applicable law. such COlIftict IhaII .......
<br />other provisions of this Mortgage or 1M Note which can be given effect without lhe conftictins provision. and to dliI
<br />end lhe provisions of the Maritage and lhe NI"e are declared 10 be severable.
<br />.6. .......... C.".. Borrower shall he furnished a conformed copy of the NOIC and of Ihis Mort,. at the ...
<br />of execution or after recordation hereof.
<br />17. T~" die Pnl,eaty; 4-.pda.. If all or any part of the Property or an interest therein is aohI or Ira JIll'"
<br />by Borrower without Lender'. prior written COMCnr. excludinc lal lhe crealion of a lien or ClIC-"rance .......... Ie
<br />this MortPF. Ibl the creation of a purchase money security interest for houaehokl1lppliancea, (e) a tnmsfer by ......
<br />descent or by operation of law upon lhe death of a joint lenan' or I It Ihl ,nl'11 -. "11 I I ~ rl. i 1"111 If Illl 1_ II 11M
<br />It TTfI' ' 'r, r-r 1~1'11 11 ,urlL lender may. al l.ender's option, ded_ all the IUlIlS 1tllC\1R4 by this M.........J..
<br />immedialely due and payable, l.ender shall have waived such option to aa:eleratc if, prior to the We or tl'lftSfer. Lender
<br />and lhe person to whom the Property is to be sold Of transferred reach lIIfCCIMnt in writinglhal lhe credit of such .--
<br />is satisfaclory 10 I.ender and that the interest payable on the slims 5CCurcd by this MortCaF shall be at Iud! rate aa Lender
<br />shall requat. If '-ender haa waived the option 10 accelerale providtd in this paraaraph 17. and if Borrower's _ in
<br />imcreal haa exClCuted a written aaaumption .,reement accepted in wridn, by !.ender, lender shalll'llleaac Borrower from aU
<br />ofJIiptiollS under this Moopp aacllhe Note.
<br />If lender ClICI'ascs 5Uch Option to accelerate, Lender shall mail Borrower notice of acceleration in ~ with
<br />panaraph 14 hereof. Such notice shall provide a period of nOI less Ihan 30 days from lhe dale the notice it maW wldlia
<br />which Borrower may pay the sum, dcc:lared due. If Borm",er fails fO pay 5",:h sums prior In the expiration of such poried.
<br />laIder _Yo witbovt Curther notice or demand on Borrower, invoke any remedies !'Crmilled I:y pafaJraph III hereof.
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<br />No!ol.l)JoIlf'OItM COVf."'''''TII. Borrower and tender further covenant and agree as followJ:
<br />.1. M<<IeIrl1rn: Re_" ElIftt1f aa pnmded .. ,.......... 17 henof. ..... ............. ........ of _, ___ .
<br />....... ., ........ .. ... M......., ........ lhe ~ow........ 10 pay....... due ..y _ aeemw4 by dill Me.~ _ .
<br />~.... Ie M~""""" ..... lIlIIII ....... 10 Ihmow... as pmwh1c4 .. ,......,.,. 14 henof apedfyhlat (I) die .......
<br />(2).... .... ........ Co c.w Rdt .....Ja;(3) I tIMe. net less ...... 3e a,. from the tIMe die ....... II IlIIlIM .. ............
<br />1lIJ....... --. ""*".... .... c.... DIIII (41 tM4 flllhen ro ~_ .lKh Itnec'h on 01' Wore the tIMe IpCdhtI .. die ....
<br />.., ..... .. .~ ., ... __ _tmllIlo,. 1'* MortI4tII., forecloaure lIy ju4kitll ~ aacI .... of die ........,.
<br />n....1haII fIIttIIw W-........., 11M rllllhllo ......m IIf1er InRtmlen DIIII .he rlahllo -.t hi the 'ot..I.._
<br />'""'u.... the ___.. ., II defaull Of ...,. ....... tIeh_ of Borro...... 10 ...,....reratlon and ,........., If the ......
<br />Iii _ nmotI on or W- ... ..... IfIHWIed '" ""' _lu, I......... at I......... ottflon may ..d.,.. all 01 IIlc ._ ........ IlIJ
<br />... ~ to he ....1It1......'... and pa,.... ...ltllout 'urthe. de",.,.d and _,. ,.......Iate lIy jDdklal ~ I......
<br />... lie endlIetIlo roall<<. hi _h pl'lK"........ all e....._ of 'ore..k_". IMhHII8cI. but net IlnIlrtH 10. rOlltl of dac......,
<br />.".... "'swltl ..... ..... ~.
<br />I'. ............... It..... ... II........... NU1"'llhstandH'l! 1 ender', "'lder.'Illn of lht. 'I"''' "'''<lrt'<I h)' th.. Mort,..
<br />Ittnrowell' .haU nll\f'" the ,t,ht !o h;l"'~ lillY fH'k:ceding, ht"ltun hy I t:nder In l'nfflHC fhllo Mnllilaae diSl"On1inued Jt ilf'," lime-
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<br />NIl'A 8/114
<br />SI\!JJ:'UUI )984;',
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