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<br />83-001118
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<br />Lender's written agreement or applicable law, Borrower shall pay the amount of all mortgage insurance premiums in -the
<br />manner provided under paragraph 2 hereof,
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage, Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the N ole unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest 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. ~dae. Lender may make or cause to be made reasonable entries upon and inspectinns of tbe Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property,
<br />9. CondeIllll8lio... The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender,
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />olherwise agree in writing, Ihere shall be applied 10 the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to Ihe dale of
<br />laking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or 10 the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shan nOI extend
<br />or postpOne the due date of the monthly installments referred to in parag,aphs 1 and 2 hereof or change the amount of
<br />such installments,
<br />tl. lIerroWft' N<>t RdaMd. Extension of the lime fOT paymenl or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any succ'CSSOr in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successor< in interest, Lender shall not be required to commence
<br />proceedinp apin~ such successor or refuse to e-xtend time ft."f payment Qr otherwise modif}' amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. V..........,.. by Lender Not a Waiver. Allv forburance by Lender in exercising any right or remedy hereunder. or
<br />Nherwise afforded by applicable law, shall llOt he . waiver "f or preclude the exercise of any such right or remedy,
<br />The procurement of insurance or the payment nf ta'es \,r {\ther hens {'r chargr5 by Lender ~hall not be a waiver of Lender's
<br />right 10 accelerate the maturity of Ihe indebtednc..., ...,med by this Mortgage,
<br />t2. R-.ue. C_aladn. ,...11 remedie!< I',,"'ided ,ll Ihis Mongage are distinct and cumulative to any other right or
<br />remedy under this Monga~ or atJordw oy law I.)r equity. .Ind may he e''\crcj\fil c\lncurrentl~'. independently or successively,
<br />13. s.c-.... AIIltIIS .........: Joll" lIDlII Se.~ra1 I.lablllry: CapdoM. The covenant! and allfC"ments herein
<br />conlained shall bind, and the rights hereunder shall ,"life to', tbe respe<:lIve "lCC..."'r< and ....igns "f Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof A" covenant< and agreements "f Dorm",..,r shall be j"inl and several,
<br />The captions and beadings of the paragraphs (\C !hi\ ,.t(\ngage arc- (('If \.'onvc-nlcnce ('lnty 3nd are not to he used to
<br />interpret or define the provi.ions hereof.
<br />14.. N....",. Except for any notice requ;red under apl'lica"k I." '" be given 10 another manner, fal any notice to
<br />Borrower provided for in 1M, Mortgage \hall he ~JVen bv rtl.3.tling '!ouch m.'\tICt" by cenified mail addre~ to Borrower at
<br />[he Property lu.idreu or at \uch \"lthcr addn:-s~ as a....rrf""'er ma\- designate hy rnlti~ to tender as provided herein. and
<br />(bl any notice to Lender ~haft he given by cenified mail. return rece.pt requested, to Lender',;; addrns statM herein or to
<br />such other addrns .as Lender may ~a[e b~ ",.nice to 8orfO'll,~r ~ pro~lded hereto. Any not'k.~ provided for in thift.
<br />Mon~ shan he deemed to have been !!!:ivt'n to tk-f'r(\wcr Of I e~r when gl"\.'en in the manner designated herein,
<br />IS. U........ M.......; Go........ ......: Se.~. TIm form "f mof1~age combines llDlform covenants for nalional
<br />usr and non~unifonn co"'cnants with limitN ,'anall{,"" by jun~h..:-tj()n ti' ('(\nstitUle a uniform secur't;.' instnnncnt ,-'Overing
<br />noaI property, TIu. Mortgage ,hall be governed ",. the I." "f lhe: '''"",lclIon III which lhe: Property i, located, In the
<br />event that any pn'lvi$K)n Of dau,-'Iie' t)t th.K Mongqc pf the- ~\H(, ,'!..~nflkh, '\\lth applicable law, uh.:h conflict "hall not affect
<br />other pro\'lIions of this' Mon,. (lr the ~Ne whl~h ;':3,n t\C' gi\'e:n ctf~t "lihmn the (,'ontlicting pr\)vi\ion, and to this
<br />end the provision. "f the Morta. and lhe "''Ie .... ,kclared h' he ",verable
<br />t6. ............ Copy. Borrower ,hall he furmsbeJ " ,:,'nf,'rmesI "'l'~' I't the ~ote and ,'f this Mortgage at the time
<br />"f ""e.:utmn or after ,,,,:ordation her",>(,
<br />11~ TnMIer of 1M .........,.; A....tiN If",U \,'r ~n\ r.ar1 i,"t the Pf'opert,. l\r an lotC'rnl there.n i~ Sf.'td l'f tran-s.re-rred
<br />by Bonowcr wdhooc l.cndet.s pnor wriUC'tt ,;\.~mcnL t"\du(hnfl L.U the \:~a'""'n ('It' .1 hen l.\r encumbral\C1: "i.ubontinate to
<br />thit MM'&&e. ~1:1) the cl'C'aUoo \" .,I; f\Uf\;nasc m('\fteV ~ur-n\' :nter~t ~-~)r tn1uwhold apphaocn. iel .:t IraR-.,f~r he,' devise.
<br />descent l'\r by f\prrahon of Ja\o\ uptll1: 1M t.1cath _"'I' .J ,..'lInt tenant ~~r hjl !he gam \\t' .my teaSlthtltd inh~l'f'st ~f 1hree \1;"ars l)r Ie,."
<br />tll'\( containin, an ,'Ift,ion to f'tm;hUit. tender n13.\', ,j.t {l"nue(" I.~Nl\."n, Je..:i~,h.' ;in ~he "oum\ "ii('\.~\lred hv thts '1ortgage w. be
<br />Immediateh" due 'ind payable-, 1 ender $,h.l.U h4"'(' "'41~ni ,u.:n ~')~hm h~ .1...:cetcUlt' 'd. poor t.;l the ",Ie (".r transier. Lemkr
<br />and the penon h.' whom the- Propeny h t.", ~ ..........l\,t ~~r !r;,m"t~tr(ij ~a..'h J,~rttmcn~ 11) \HHm~ thaI the- \,;rethl of I;,uch f"Cf"\l"\n
<br />~ satfsfaclort.- 10 LC'tKkr and th.t! the- int~~t r,,\'ahk- ,"'n Jhe ....u!"'l:.... -..:....-med f-V thl'\ \h'\rtga~ ,hail r..e J.t 'SuC'h nile a.... lender
<br />shaU l'CIfuest. If Lender has waived die' ~.~rth')n H" .1~'\.'"C'ief.UC !"h""d~ ;.. Trw~ par:.l~lT!rn 17, ;md If 8t'lrf\"\~.C'r\ 'Ucc('~s()r m
<br />interest h.u C'I..CC'UIN a wfltlm auumruoo ...,~m lk'...~cr~ed 1n '\Hnm~ rw I cftt.:kr< i cO'l.ier ....haB JelC'3.'!'itf.' Borrower frvrn aU
<br />oblipt_ under this Mortpge aad the N_,
<br />If tender e:-t;crc*" such ~'1'lion h.'"' ac~ek.h.t('. 1 i."".l:!\X'; ...h.d~ mall fk\rn~\\cr m:~j;,.'" 1.'1' ~l..::-.:ekratH"r. :11 ;l.:~ordall\:e \\.Hh
<br />J'U'aaraph 14 herrot S\I(:b notiCe ,hall pn.'!'ftde ~ r"C'0i.~ \'1' n'l'>t in" 1h~H ~fI ~tJ.\" fn1m the date- th<: nt~k:l.~ l\ mailed withm
<br />wild Borrower fIlA}' p,a,,' the MUn'l dectul:d Qu<", If 8(~n")_.;'iI" ~;J(l, 'f~' r.a\ "lh,;h ,urns r,nor h~ the c\rirallt'n "f 'u~h f'('fwd.
<br />!""'~ n:".A)", without further- ~'1t~~ or "krr'.and ~"T: BL"!t....~~~!. :rp,-'l;~.l.c ~H~'\ f'Cmro!t:-s perm!ued ~\< r~r~~raph ; \\ hereot
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<br />NON..l1Nlif1OllM COVfJIIANn ~n*'Ct Ju\t.i l ~f huthct ,'~'\('n;;IlH ..~mi Jgr<< .;t\ f.\lk'W"
<br />I" ,w..... --..... ExftPIa ~ 100 _..... .7 _I, ...... Bono......$.......... of .." .'o~_t or
<br />......... .. ___ 100 tWo 1\.......' ....... tlw ....,_ to ...~ ... d... ..., _ _...... by..... 'I..........,
<br />...... .... .. ........... .... ... ...... .. IIolnoww .. ........ in ~ I~ hefto( "fII'dIyiot&: II I 1M ..........:
<br />m_ ..... ............. _ .... ___ III a .... _ ..... t_ 3t <lay. ,..- 1M ..... I'" ~ illllllilM 10 ......._r,
<br />., ..... .... ...... _ lie c-* .... 141 .... ......., Ie ".., ...... ......... ... eo bel.... ... .... ....,.... in tM -'b
<br />...,....... ..n1LL1IIl1 ..... _ --.II ., .... '......... f---.. ., jtolIkial............. .... .. of I.. .........,.
<br />n................ ..... ____ .. .... ..... Ie ......... ..... ~ .... tloo ..... Ie _ Ie tlw f---..
<br />.....- ... _ ~ . . .. . ...... .. ~ ..... ""- .. ........ to ~ ... ,--.... 1f.1oo.........
<br />It... eweiI_ eo ....... ... .. ...... .. tlw .-In. ,--. .. 1--'''' ..... _, ........ .. of !lot _ ......... b,
<br />.............. .. lie 1 e' Ii>.......... ....... ....... ....... .... _, f~ ., jooIIIriaI...........' IAIIlIer
<br />... lie..... lit..... .. ... ........... .. n..- of ,-'--. ........ \Mot _ ......... Ie. .- of .....-..,
<br />..................... .......
<br />It. ...---....... lit.......... N.....<t!n.Und.... . eode.. i",,,.lefat..,,, of lhe "..... "",U!'Cd h. .h.. ...",.,....,
<br />~ .... .... .. tiaM ~~ MW ..., rt'''''~ hetun .,., l "nckf ti~ mh')f(t: ttU'it. M~lUI'" ..hS(:..'tnhm~ .., ~n~ hme
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