|
<br />84 -006539
<br />
<br />r
<br />
<br />Lender's "'nu~n agreement or applkable law. Hormwer shall pay the amount of all mortgage in~urance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pUr$uant to this paragraph 7, with intemt thereon. shall become additional
<br />indehledness of Borrower secured by [his Monlllllle, Unless Borrower and Lender agree 10' other tenns of payment, such
<br />amounts shall he payable upon OOIice from Lender to Borrower requesting paymentlhereof. and shall bear interest from the
<br />dale of Jisbur~nt at the ratc payable from time to time on outstanding principal under the Note IIIlIess .paynleftt of
<br />interest at such rale would be contrary 10 applicable law, in which event such amounts shall bear interest at the bi..... rate
<br />permissible under applicabk law. Nothing contained in this paragraph 7 shall require Lender to inc:urany clI,...ortake
<br />any lICl.ion hereunder.
<br />S. (~, Lender lIllIY make or cause to be made reasonable entries upon and inS}lOCtinns of the Property; provicIlId
<br />[hat lender shallgh-e Borrower notice prior to any such inspection specifying reasonable eausc thercforrelateclto .........
<br />inlere'lt in the Property,
<br />9. C._molld.n. The proccPds of any award or claim for dama[lCS. direel or eonseqtllltltial; in .c:onnecdOnwitlnUlY
<br />condemnation or other taking of the Propeny. or part thereof, or for conveyarn:e in lieu of condemnation, are hercbyassiaMd
<br />an" shall he paid to Lender. .
<br />In the event of Ii total taking of lhe Property, the proceeds shall be applied to the SlIms secured by thisMortpp.
<br />with Ihe e~ce", if any. pa,d h1 Borrower. In Ihe event of a partial laking of the Property, unlcss~a~'l.eftdIr
<br />,'Iherwi!;'; agree in writinll, there shall he applied to the sum.s secured by this Mortgage such. proportfcm. of tile proc;nds
<br />as is equal [0 that pmpo"i"n which the amount of the SlIms secured by this Monpge immediately prior totlledllte' of
<br />laking hea.... to the fair market value of the Property immediately prior 10 the date of laking. with the barance of tIlepmceeck
<br />paid to BOf'rmver.
<br />If the Property is abandoned Iw Borrower, or if. after notice by Lender to Borrower that the c:on4emtlOf offen. to mike
<br />an award (l( settle" claim for damages, Borrower fails to respond to Lender within 30 days after thedatesuc:h.fIOtic:e is
<br />mailed, Lender is authorized to collect and apply the proceeds, at l.ender's option. either to restoration or repair of ...
<br />PrOpl.rt\' or In the sums secured hy this Mortgage,
<br />Dille" lender and Borrower otherwise agree in writing. any such applkation of proceeds 10 principal shall not ell""
<br />or po<;tpone the due dale of the monlhly installments referred to in paracraphs 1 and 2 hereof or chance the, amount of
<br />",ch installments.
<br />It, lIorrmrer Not R~. F~tension of the rime for payment or modification of amortization of the sumssecun:d
<br />hy this Mortgage granted hy Lender ll) any successor in interest of Borrower shall not operate to release, in allY _.
<br />the liabililY nf the oricinal Borrower and Borrower's successors in interest. l.ender shall not be required to ~
<br />proceedings againsl such S\lccC<\.or or refuse to e"end time for payment or otherwise modify amortization of the _
<br />secured hy Ihis Monca~ hy reason of any demand made by the od!!inal Borrower and Borrower's successors in itlteNSt.
<br />:~. ;~:;~;:;:';';~!;j. :~~;.!~~ ~y~: ~.-;::. ..\,~. f~-':~~,;;,~;,;,.~~~ :~:. :_';'~'.~c; ~.-;. ..:~..:~_:~;~. .;.;~,' ;-~.~~;:;;- :-:=~; he~~=. =~
<br />otherwise .fforded by applicable law, shall nor he a waiver of or preclude the exercise of any such ri_or remedy.
<br />The procurement of insurance or the I,avment of t3\es or other liens or ehaTf!es by tender shan not be a waiver of Lender's
<br />right to accelerate the maturity of Ihe indehledne", _ecllred lw Ihis Mortllage,
<br />1%. Reme4Ies Cu..llIlltln. ....11 remedies provided ,n this Mortgage are dislinct and cumulative to any other ritht or
<br />remedy Ilnder this Mortgage nr afforded by law tlf equil~', and mav he exercised concurrently, independently or Slft;~~,
<br />13. Sftruson ami AlISiRm Bollml: Joint ami Se~e"" U_ilky: CIIpdons. The covenants and agreements hcRiII
<br />contained shall hind, and the righls hereunder shall inllre [0. [he respecllve SIlCCC<\SOrs am! assigns of lender and Borrower,
<br />sllbjecI to the prov'i_ions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint ami several,
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are 001 to be tl!lCd to
<br />interpret or define the provision_ hereof,
<br />14. Noti<<. Excepl for anv notICe required under "pplicahle law [0 he given in another manner, fa) any notice to
<br />Borrower pro,'ided for in this Mortgalle -hall he ll'wn hy mailing s\lch llCtice by certified mail addressed 10 Borrower at
<br />the Property Address or al Sllch other addre" as Borrower ma\' des'gnale by notice to Lender as provided herein, and
<br />(hl any nolice 10 Lender shan he gIven hv certified mall. return rece.pt requested. 10 Lender's addras stated heRin or to
<br />such olher address as Lender mas designate to" notice to Borrower as pcov'ided herein. ."ny notice provided for in lhis
<br />Mortgage shail be deemed to have heen ,iv'en 1!) Borrower or lender when "ven in lhe manner dcslJnated herein.
<br />15. lJnlf_ Mortpce: Gov&'mletI (.aw-; Se.erahllif,. This form of mortgage combines uniform eovenants for national
<br />usc and non.unifonn covenants wilh limited \anat'on< by lllmdiclion Ii) constilllte a unifonn security instrument coverm,
<br />real property, This Mortgage shall hl: gmCTIled hy !he law of [he Jurisdiction in which lhe Property is located, In the
<br />eventlhal any proviSIon ,'r clau", of lhi, Mortgage or the !'.INC conflicts wi[b applicable law, such conflict shall not atrect
<br />other prov"ions of Ihis Mortl!alle N the Note whIch can he Sl\'en effect without the.: .;nflicting provision. and to this
<br />end the provisions "f lbe Mortgage and the Note are declared It' be severable.
<br />16. 1IcJnow<<r's Copy. Borrower shall he furnished a wnformed copy of the Note and of this Mortpge at lhe time
<br />of e~ccution or after recordarion hereof.
<br />11. T........ of tlte Property; A..u...~ 1f all or any part of Ihe Property or an interesl therein is sold or transferred
<br />by Borrower without l.ender's prior written consent, e~c!uding ral Ihe creation of a lien or encumbrance subordinate to
<br />this Morlgage, (h) the creation of a purchase money security inlerest for household appliances, (c) a transfer by devise.
<br />deKent or by operation of law upon the death of a joint tenant or hlllk. ,rn,,' 1"' In. IHUh I. inti'.. .f tllnl } UN If 1_
<br />-""'l r-"'llrill' . In rr" II FlInLnr Lender may, at Lender's opuon, declare all rhe sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option 10 accelerate if, prior to tbe sale or lransfer. Lender
<br />and the perwn 10 whom Ihe Properly i, to he 50ld or I ransferred reach agreemenl in writing thai the credit of such person
<br />is satisfactory 10 Lender and Ihat lhe interesI rayable 011 the slims secured hy this Mortgage shall be at such rate as Lender
<br />mall request If !.crIder has waived the optIon 10 accelerate provided in this paragraph 11, and if Borrower's succeuor in
<br />imemst has e~ccutcd a written aS5ump.lion agreement accepled in 'Hiling bv Lender, Lender shall release Borrower from all
<br />otntIJatioM under thm Mortgage and the Note,
<br />If Lender c~erci5CS such orllOn 10 a<:<:elcrale, Lellder sh..1I m..il Bnlfower notice of accelerllion in accordance with
<br />p&f8lraph 14 hereof. Such not.ce shall provide a reriod of nOI less than ~O days fr,'m the date the notice is mailed whhin
<br />which Borrower may pay the sums d<<larcd due, If B"rro....er fails to ray sllch slims prior to the e~piralion "f such period,
<br />lender may, wilhout further nOlice or demand Oil Borrower, IIwoke anv remedies perm.ued hy p,uagraph III hereof,
<br />
<br />NON,V""I'OtIM COVI!NANTS Borrower and '-ender further c(wenant and a!lree a, follows:
<br />18. ~."Ibnl R~ Eu~pt l1li preY.... 1ft panlltnplt 17 htreof, ItpOIl Bomm....s brNdI of nf nnuIIRt or
<br />....11.." of Bormww 1ft lIIIlI Mor1pp. Int-WinI tht ronllllnts 10 INlY ..hen dtlC! n,' SII_ liKumI IIy tllill ~1er1pp.
<br />......,... Ie lICe.,'" ....... ..... ~e 10 e..n-er .... ,.....Ided In parlIIP'lIIIth 14 heRef spedfrlnc: II) IlK "'-It:
<br />(It......... .......... Ie ~_ _It Imrarh; Cll . dnte. _ .... 1'-0 JO cia,. r....... Iht date tht ....d<< 10 IRlIIIetI Ie Borrowet-,
<br />., ...... ~ ...... IIUlIt 1M ("1IRlI1 M4 C41 that fllltm to cllre slKII breII€lI on 01 Imore .... dnte specifiecl hi the netke
<br />IIIIf ...... 1ft ll<<tImIfion of tht ._ M1:1IRlI by tloM MOIIRllttfl, fOlffloMre II,. jmtk'W I"nKeedlnc IIRtI .. of lIIe Propmy,
<br />'11le ..... ....... ftmMr htfOll.. lor,...,,", of lIIe ricltt tfl ....mtllte ~r ...."eImIt.... ami the ricltt to -.t hi t,", r_~.
<br />tIINU!Atg .... _a-.-e of a ...... 01 any ollie, def.._ flf Berr........ 10 ...cehl'nttoft IMICI f..""'....... If tht .......
<br />101_ f:umI... M 1Ief_....... speclle4 hi Iht notke, I,tlm. a' ...,_,'. uptlotI may d<<1are all of tht ._ lII<<untl II"
<br />ItlIIIs ~ to !lit IIllRl,dllltlll. d... ill", lNlyatM ...iftlout ,..rthe, de""""' ..... ....y f.._1<we by judlt'illt "....~, l,emIer
<br />.... !lit ~ '" ~1ItIe<'1 hi '...... ,....'.....u..s .. "'1"'_ flf ffln.'........n. In........., but nut IImlee" to, "_ of .."".....entM)'
<br />....idlI8u, "rllC'l~ ..1'1'1 !ltk """...m,
<br />It., ~Htft lIt:iIW '0 "riMe.... l>..Jnt,",l.h1tiiHHllfl~ 't~lltk(... ok. elel a1l(Hl lIt llil' '.tltn.. 'd'Ulfed 11\ lh~1i, ~f(lttJ,HIN('.
<br />",'H"t>y(f'f '''IhttH h;t....lt':' 1ht' 1~<<h' Ii' l1:;n(' (lH\o' pr(Kt'"tH:tln~~" ht"nuo ~H I':'ldn II' "l1tl'l~l" Ihf'i \f\'fl(iHJ{\' dl'".l\ntlttl'f.'i.1 .d ~"!1Y IIIUt'
<br />
<br />l
<br />
<br />NlfA fJ/!.l4
<br />:i~r' <'1'% ) 9B4""
<br />
<br />
<br />
<br />-1
<br />
|