|
<br />r
<br />
<br />~
<br />!
<br />I
<br />I
<br />
<br />L-~__..__._._
<br />~
<br />I
<br />~.
<br />
<br />L
<br />
<br />
<br />'84 - 006590
<br />
<br />I.cm!.:r's "'rlH.:n ;lgreemenl Of applkilble law, Borrower shall VllY the amount of all mortllqe insurance premiums in the
<br />manner provided under parallraph 2 heroof.
<br />Any amounts disbursed by Lender pursuant to this pafllll'apb 7, with interest dlercon.shaI1 Ilec:oIM additioMl
<br />indehledness of Borrower secured by ~his Morl[[acc. UnIca Borrower and Lender... to.other--'of~''''''
<br />amounts shan he payable upon noticefrom Lender to Borrower rcquesri".paymcnt thenof. JlfId...IIeat~ .
<br />date of ,lisbn~t at the rale payable from time to ti_on outs~ princ:ipat'--....Nole'
<br />internt at such rale would he contrary to applicable law, in which event such ameuatashal1l1e11t~~.
<br />permissible uncler applicable law. Nothinllcontained in this parqrapb 7 shall. require Lender.lO.~:"'"
<br />any ac:tion hereunder. .."'/:'" """iY'" ,j
<br />S. ...,11:..... tender may make or cause to be madcreaaonabJe entriesupDft and_.~,of""
<br />that Lender shall give Borrower notice prior to any such inspectionspecifyina reasonallIelll\lllic...,.,.'
<br />inlerest in the Property. .., ,//,
<br />9. C....cm..... The proc:eds of any award or claim for damages.dim:torcor--.-dW,lA
<br />...ondemnation or other takinc of the Property. or part thereof. or for COl1veyance in lieu of ..OI.damtlildillR.
<br />3n.! shall he paid to Lender. .
<br />In lhe evem of II Iota! laking of the Property. the proceeds shall be applied to the _lIllllm'IIdl!Y....;
<br />"ith IIle exc,,<s. if any, pa,d 10 BorT<'wer. In lhe event of a partial takin! of the Property"..-~
<br />"theTwke agree in wrilin~, tllere shall be applied 10 the sams secured by this MOItJaIII such'l'"~of'
<br />as is llqu<l1 10 Ihat proportion which Ihe amount of the sums secured by this MOI1pp IIlI ..tdlttalfpricllrtte"
<br />laking be"" tolhe fair market value of lhe Property immediately prior to the date of takiftS.wUlttlle.......
<br />paid to Borrower.
<br />If lhe Property is ahandoned fly Borrower. or if. after norice hy tender to Borroww thet tile U IlJ.illlf~;....I(lIt\f\
<br />an award or ~eltre a claim for damaccs, Borrower fails to respond to l.ender within 3{) days.after thedaal......'I~.r.
<br />mailed. Lendcr is aUlhorized to collect and apply lhe proceeda, at Lender's option. eitller to raIOnItIon or nIjIIir'oI('.'"
<br />Proper1\' or 10 the sums secured by this Mortgage.
<br />Volcs, Lender and Barr.,wer otherwise agree in wriring. any such application of proceeds to ~"'lICItPt~rl'
<br />or postpone tile due dale Ilf the monthly installments referred to in paraarapbs 1 and 2 henIof or cbanp the.........."
<br />such installments,
<br />18, Borrowrr Net Rete.ed, Extension of Ihe time for payment or modifkation of amortiwion of the __ .......
<br />by Ihi, Mortgage granled by I.ender 10 any successor in inlerest of Borrower shall not operate to release. in lIIIJ-.
<br />lhe liabililY "f the original Borrower and Borrower', suceessors in interest. Lender shall not be requinld to '1 1 I UI
<br />proceedings against SItch successor or refuse to extend time for payment or otherwise modify amortization of tile IUIlII
<br />.__._.st!l:llrcd._hY--lhis..Mnrtgage.-"~-.n:.a50n..lli.-'.ill,\'_lkm.alliLmlllk..llL1lte...l)J:WnIL\lQrr.Q..~ an~.J~orr_.)__~~~_~ ......
<br />11. F~ by under Not II W.vu. Any fomearance by Lender in exercising any rithI or remecI1l...1 I .... or
<br />otherwi." afforded by '':Iplicable law. .hall not he II waiver of or preclude the exercise of any IUllh ..... or......,..
<br />The procuremenl of insurance or Ihe paymenl of la~e' or other liens or charges hy Lender shall not be a waiver of Lender"I
<br />righl 10 accelerate Ihe maturiTy of Ihe indebledne.. ,ccur"d by Ihi, Mortgage.
<br />12. RCIIIt'dies C_ulatlft. ,"" remedies provided in this Mortgage are dislinct and cumulative to any other riaht or
<br />remedy under lhi. Mon~age or afforded hy law or equity. and may he ",ercised concurrenlly. independently or s~m,.
<br />13, Stk'<<sson alId ARll:ns 801lM; JOOtt aDd Seven! Uability; Captions. The covenants and agreemtlllts herein
<br />conta",e.! ,hall hind. <lnd the rights hereunder shall ,nure to. the respective successors and assigns of Lender and Borroww.
<br />mbie':l 10 the pnwisions of p",.graph 17 hereM :\11 covenallts and agreements of Borrower shall be joint aad several.
<br />The .:"pl."m and headin~s of lhe paragraph, of this Morl~agc arc for ...onvenience only and are not 10 be used to
<br />'"terpm or define lhe prov'ISion' hercof.
<br />14. Notlu. Except for any noll...e required under applicahle law to be given in another manner. (a) any notice to
<br />Borrower prOVided for in this Mortgage ,hall he given by mailing such notice hy certillcd mail addreucd 10 Borrow<< at
<br />the Property Address (lr al su...h other address as BoHnwer may designale hy nOlice to l.ender as provided herein, and
<br />(b) any notice 10 Lender ,hall he gi""n by certified m<lll. relllm rec"ipl requesled. 10 Lender's addrcss Slated henrin or to
<br />'uch ,'Iher address "' Lcnder ma) design ale hv noticc 10 Borrower as provided herein. Any notice provided for in this
<br />Mongage shall he deemed 10 have hcen given to Borrower or Lender when given in the manner desitnated herein.
<br />15. UnifOTIII MOIt&ace; Govemilll .....: Senralllllty. This f"rm of morlgage combines uniform covenants for natioDaI
<br />use: and non-uniform covenants wilh limitcd v;Jliallon, hy jurisdiclion 10 cOnstllute a uniform security instrument covorifts
<br />real propertv. This Mortgage ,hall be governed bv the law nf the jurisdiction in which the Property is located. In the
<br />event Ihat any proviSIOn or clause of Ihi, Mortgage", the Notc conlliets wilh applicable law. such conflicl shall not alfect
<br />other pwv,sions of Ihis Mortgage or Ihe NOle wh,,,h call be given e!fecl without lhe .:onflicling provision. and to this
<br />end the provisions of lhe Monga~e and the NOle are declared t<, he severable.
<br />16, lIono...u's Copy, Borrnwer shall he furnIShed a conform.d ,:oPY 01 lhe.Note _of this Mortt.~'1M time
<br />of execution or alter recordation IterC(lf. ' ."" . " ...... '." . .;.. :
<br />17. Transf... of ~ Propeny; AHVRlpIieft, If all or an~' part of the Pmperty or an i~ ~. ;'1PId ot...,ermI
<br />by Borrower withoul Lender's pTlor written consent. excluding (a, Ihe creation of a,tilm'o(~ SIIbordIDate 10
<br />thiS MoTtllllse, Ihl the c.-calion or <I purchase money securily '"'erest for household applianCes, "(er .: winder by devito.
<br />descent or by operation of la\-\. upon the deach of a joint 'enant or ( It tin ,rlR' 1ff Aft.) IlIlfhlJll' it~tlfI" af 011'" ) .... .r I..
<br />it 1111' . :"11 1ft rr"fl II 'lInlnn l.cnder may, al lender's Oplll,", dedare all Ihe sums secured by Ihis Mortgqe to be
<br />immediately due and pa)'able. lender shall have ....alVed s"...h oplJ(," 10 accelerate if. prior 10 lhe sale or transfer. Lender
<br />and the person III whom lhe Properly i, to he sold or lransferred rea...h agreemenl in wriling lhal the credit of such pefllOl1
<br />i. sal,~fa<.lory 10 Leoder and Ih<ll the inlercst payallle on the slims 'iCwred hy Ihis Morlgagc shall be at such rate as Lender
<br />shall request. If I.cnder has wa,,'ed the l'plion 10 <lc....lemle provided in Ihis pIlragraph 17, and if Borrower's successor in
<br />.meral has e~c<:uled a wnll.n assumpucm aBreemenl a""erled in wrillnl! by Lender. Lcnder shall release Borrower from all
<br />obIiaations under this Mortgage and the Note
<br />If Lcnder e.ercises such opllon to accelerat., Icnder ,h,,1I mail 8m rower n"lIce of accelerati(\l\ in accordance with
<br />paragraph 14 hereof. Such llotJ(:e shall ""w,de " period ", nlll Ie.. Ihan ~O da" ("'m the date the n(llke is mailed within
<br />which Borrower may plI)' Ihe ,,"m declared duc If Borro....er 1..1, 10 pav ,"ch '"ms pllor to Ihe c'piration of s\Jch period.
<br />Len(\er ma)'. without ful1her nOli": or demand nn liolro"'cr. :m'o.e M'S rcmed... permllt..! hy panllraph 1 R hereof.
<br />
<br />NOI'I.l)Nlt'C)IlM Cov~NANn. llorrower and I clUter furlher (<Welldl1' imd arrce as folio",,'
<br />Ie. Acc~; R~ Exrept... I'fOwlftd ... patllllr...... 17 heTfll'. upon Bon.....er'. brelKh o' MY <<n'MlIet or
<br />.llJlftlmlllf of Ihnu...... In tWs MII......e, ""'I&MI.... IIIe CO'fAMh 10 pay ..lien due llIlY 'u_ _lIfH hy t.... Mot1pp,
<br />........ prier to M:~ IIIaiI meII notk" I.. Bom....n .... 1H".ldetI III parllIII........ 14 hereof op<<ifyllll' (1) tlte 1lreM:";
<br />II) die ..... ........ to cure _hi ,,"<<II; ,;) a date, not ke ,..... ,1* day. .....m lite date lhe no(k" 15 mllilfll to 8ormwer.
<br />.., ...." _II IlreM:h __ 1M cur.": . (41 I hilt f.a.re to ClOTe oech /tr"..... 'HI .... llefo,.., 1M date """dh" 18 tM Detk-.
<br />..,. -<<tin lKC..... of (he 4111_ _lfl'M by '"' !\-1or!Jllllle. f_f~re Ity jDdk'laI pmt"Hd.... ami .. 01 the I'nlpmy.
<br />11Ie wMe ... fmther loform IatHr....e. "f 1M ricltt 10 ....1....84.. after IOu.r841on lORd the rlJIltt to _ IA lhe 'oret'~
<br />,.-_..... ltte ~_AU of 10 oftr..... or e..y ..tiler ole..",,,,, ..t ............ to MnWf8410n . 'orulor;u,.." If tlM mild.
<br />Is _ fun4 ... Of Wttn tile dat.. "tMfHiflt I.. tM ....tk.. I....'..,r e' L.Rdn'. option _y ottr.'I..,.., .... of tM ._ _0l'M It,.
<br />IIliII8 ~ to lie llMHt4fllff'ly dell' ami payllfm ...lIlIoot t"f'M. ....m. aftd _,. I.......tow by l&MIidllll'roc:Htttne. ""nder
<br />..... lie .lOfltMd Ie ,...tftorl I.. .lKh ..'''''""..... .... ..p"- .of 10,.,., ......rr, .....1....., ..... ....t limit".. In. ,unt. ... ......0_...,.
<br />.............. ~'...k...... Hlk .......<t.,
<br />.,. hfU"."'~!!l Rit:... If) It..h-'.I,'r. N~<lWllh"lLUHjlll~( I ('Htk". ,H, I dt.'t~I'lFII id lhe '.I'UP, "t'~ 11I~'t1 It\ ,hi'" ~iofff.!af{f
<br />litltrHW-~"r '~hj,J11 hi!l\{fi :ht' Htth' lOI h,~..;f.' ,tH', pro(:f'cdH1&t" ~1'f.'~lln il'. ! l'ndCf Ip rflkf'l' lh'" '\1\ 'll III U[ll' dl'.i,p;lllnW'f.i ,II iUl\ tll1W
<br />
<br />Nl r'l\ fl. H4
<br />
<br />:'~.'! r 1. t,~
<br />
<br />J'ff! 4/\
<br />
<br />I
<br />
<br />_J
<br />
|