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<br />83- u02566
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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 />atrioun!$ shall be payable upon notice from Lender to Borrower requesling payment thereof, and shan hear interest from the
<br />date of disbtlrsementat the rate payable from time to time on outstanding principal under the Note unless payment of
<br />intete!!t at such rate would be contrary to applicable law. in which event such amounts shall hear interest at the highest rate
<br />peI'll!.D~Under applicable law. Nothing cmllained in this paragraph 7 shall require Lender to inCtlr any expense or take
<br />any acl;ion hmumler,
<br />'i^~, Lender may make or cause to he made reasonable entries upon and inspections of the Property. provided
<br />tharLel'lde;sh.1l give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />'!'teresl in tbe Properly.
<br />." CO!ldeIll1lllllon. 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 as.igned
<br />and shall be pltid 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 e~cess, if any, p.id to Borwwer. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otberwise agree in wriling. there .ball be appHed to the sums secured hy this Mortgage such propOrtion of tbe proceeds
<br />all i. equal to Ihat proportion which the amount or the slim' ,ecured by this Mortgage immedialely prior to the date of
<br />laking bears to the fair market value of the Property immediately prior to lhe date of laking. with lhe balance of the' proceed.
<br />pltid 10 Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower tbat tbe condemnor offers 10 make
<br />an award or settle a claim for damages, Borrower r.ils to respond to l.ender within JO days after tbe dale such notice is
<br />mailed. Lender i. authoriud to collect and ~pply the proceeds. at Lender's option. eilher to restoration or repair of tbe
<br />Property or to the sums secured by this Mortgage.
<br />Untes~ Lender and Borrower otheT\\'ise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date (l-f the monthly instaHmcOls referred tv in paragraph!\; J nnd 2 hereof or change the amount of
<br />such jrn;tllllments
<br />10~ BonoW1."f Not ReleaHd.. Extension of the time for payment or modification ('If amortization of the sums secured
<br />by this Mortgage granted by Lender to any 'Su.(cessor in interest of Borrower shalt not operate to release~ in any manner.
<br />the liability of the original Borrower and Borrower'.. s.uccessors in interest. r. ~nder ..haB not be required to commence
<br />proceedinp "'gainst such suCCeSStJf or refuse to extend time for pavment l,.)r nlh('rwl~ modify amortization of the sums
<br />..;ccured by this Mortgage by reastm of :my demand made hy the l:,riginaJ BOfwwer and Borrower's successors in interest.
<br />11. Forbe.raIK't" by Len'" Not a Waber. :<\ny fnrhear-an~e hy Lender in C'xcn:i,ing Jny right or remedy hereunder. or
<br />otherwise afforded hy applicable 13W. Sh;;lli not he a waive,r of or preclude !he c-.;crdsc of any such right or remedy.
<br />The procurtmcnt of irisur..arice or the pl:l)'mem ('f Uncs (t1 other he0'5 or cnar!{cs- hy Lender '\hal1 not be a waiver of Lender's
<br />right 1o_JC~letatl;', the ~at~rity of the indehfcdnc...s "e~Hrnt nv this Mortgag~,
<br />J1" ~ _COtn........t. An remc.lhes prv\'id~d III thi.'io Mortgage <ire ..listinet and cUOlulative to any othe-f right or
<br />remetJy under this Mortgage or afforded h-y b\" or C4uifY and muy he e'er('tse~J \'tlOcurrently. independently or successively.
<br />13. s...,~ and AS5igns Bound, Joilll and ~,..nol Liability: Captions. The <ovenanl. and agreements berein
<br />contained ~nan hind. and the rights hcnamoe-r ~haH HHHt' h). the rt;~pectl\'e ~l.U;"C\"~\-\lr" and as.'iigns of Lenuer and Borrower.
<br />\ubject to the provisions of paragraph I7 hetc(yf A.1i cl.w~nanb and agrt'emerH~ iJf Borrower shull be joint and several.
<br />The -cap-lions .dnd h-eaJings. (If the paragraph~ c,f rhi\ Mortgage an: f{';f I..YHw-eJ1iCnl.."C poly and are not to be used to
<br />interpret or define the provisions. hereof.
<br />14.. Notice.. Exee,pr for a.ny notu.:c r-eqtdted under .lpp-!k~~hk }a..... {>\ be giVen in another manoer, (a) any notice to
<br />BorrvwC:t provided for in this Mongas;e ,hall he gl\en hy rnailing ~u.:h n~'lticc hv ~>('rHfied mait addfes~d to Borrower at
<br />the Property Addres.'i ilf at such .:..ltne-r addre<;\ .as B(''lfrOWef maj de'i.lgt'Ulte hv np.ti\.'t !f" Lc-oder ai provided herein. and
<br />(b) any fl(ytice to Lender shaH Pe gl\iCn by ,ertitled m~;-j, rdu-rn rt'-t:c-q,l fequested. to 1. enuer\ address staled he~ifl or to
<br />such other add-reM as. Lender nld} dt."'iignatc 11.,. notice tn nOf'f\Y~-a .1.\ provided herein. Any notice provideu for in this
<br />Mortgage s-hadt be deemed tu hilV~ been givcl1- tn B'l"\ffOWt'f ,), l -cnder ~h-cn gnren in the manner designated herein.
<br />1:5. Ulliform Mortaaae: Goyenting I.a"'-; ~\t'rablity. Tn''> f':lrm ;..1f mf1ngag_c ....nmbines uniform i,;ovenant'!> for national
<br />use and non~unifo-rm Ct,Wen~ms ~ ith limited VdfHlth.ms. b,. juri..dh;tl,-",O to nms.tH\.1I~ a unifoml sc..-:urity Instrument covering
<br />real property, Thi-s Mongllge sha.1l be .g\'lv~rn-t'd hv :hc Ln' c>f ttk- _iuf!\\fi.:tHm in ...."hich the Property is located. In the
<br />eVent that any prcwision or dalliM! (If thi.., Mortga~c \'f the- N\l!~_ ";;Plitlkt:-, ~ ith applicahle law, ..u(:h conflict shall not affect
<br />other provi:iions t)f thtS Mortgage ~)r the- N(lk Whh.'h !.;an he ~Ivt:n dlc~t \lo-ithout the conn.cling pr()vlsion. and to this
<br />end, the: pf(,lYlsions. of Ihe Mortg.age- and th< ,{){C an.': de-dared 1<1 be ~\'ci-3.bk.
<br />1'-- Borrower's Copy. Born..lwcr sh~lI bt.' (uHw,.hcJ a -.:onk\rmt~d (-\.1p~ of the Note anJ of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17~ TraIlSf~.. of ttw Prope.rt)-; ^ssumpdon~ If aU l'f ;:aO} part \)1' the Pr("pc:rty or an intcrC!.f therein is sold or transft:rred
<br />by Borrower without lendees prior written conscnt excluding ~J} the I.'l-eation of a lien \)1' encumbrance :!.uborJinate to
<br />thi~ Mortgage. (b) the creation o-f a purcha$C mone~ \C\:utity \ntereM f~'r househl.)kl t\ppJiances, (c) 11 trans.fer by devise,
<br />dCS4.---ent or by (,)pena.tlon of law upon [he death ()f a tOlOt lenant Of (d) (he gran.1 t'f any k<il\Chotd interest of three years or less
<br />not containing an option to purchase, lender may. J.l tender"- \'plH)O, dt..'-dar~ af! Ihe sums. ~~l1rcd by this Mortgage to be
<br />immediately due and payable. L~ndef 5haH h.ne wJ.iv~-d '\l..ii.:h \.1p{ion h' accelerate if. prior to the sale or transfer. Lender
<br />andthe pet'S\.'ltl to whom th~ Propert)' tlO tQ be wid or nans.ft:rfcd rea..-:h agreeme-nt in writing that the credit of such pe~on
<br />is :s.a.ti-sIactory to Lender and tbat the interest payable on the sums s("(:ured hy thil) \1ortg.agc shall be at such rate as Lender
<br />shalt rcq,uest. If t.ender has waived the option h.) accele-rate provided in thb paragraph 17, and if Borrower's SUi;Ccssor in
<br />J.ntere$t has- executed a written assumption agreement accepted in \Hiling by tender. Lender shalt release Borrower from all
<br />oblillati(\Qs under Ihi,MorlgJlge and tbe Note.
<br />If Lender exercises such option to accelerate. I.~ndcr shaH mail Borrower noti\:;:c of ace-eleration in- accordance with
<br />P4!&$raph 14_ hereof. Such notice shaH provide :..1 period of n,)l fess than 30 days from the date the notice is mailed within
<br />whic-~_B(lrf{'1'WJ~f may pa.}' the s.ums declared dUtL 1f Borro~er f;tils. ~o pay ~uch sums. prior h.' the expiration of sllch period,
<br />lAnde,r may. without further notice or demand on Bt.).rr~\wer. wvoJ...-e lHlY remedies permitted hy paragraph 1 R hereof.
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<br />No.~~UNI.FORM COVl!NANTS. Borrower :and Lender further coven.uH and agret:: a~ fpHows;
<br />18.M~; Il~. &<<pt.. provi<kd in pafllKrlll'b t7 her""l. upon Borro...er's breach of any ,nveunt or
<br />.......tQetlt9f ~ I.. tIUi Mo<t&l!lI'" lodudl. t"" <'o"emllJ!. to ""y ...ben due any...."" se'llred by this Mo<t&lICe.
<br />~~ IQ ~ oluttI. mllilJlOtice t.. Bono.....r .. pro,Wedln pa.ragral'h 14 her""r .pedfyina' (11 the hreacb;
<br />~ j~~ "'~ 10 e.re',",hbreach; (3) adltle,not 1_ than 30 dllY' from the dill" I"" ....tie' Is malled io B..rro....r,
<br />b'._~"'h eure4; and (4) IhaI failure 141 (Ure .....h hrea,b 011 or ""fore the .Iale spedll"d in Ihe IlOtlet
<br />.."....lR~~..Hhe.u_ SffiIfed by this M........e. (..",dOlure by j..<lJ(\al proteed1"lt ami We 01' the Propert)',
<br />'Uiii . . ~rlat_ Borro-~ 01' tbe t1tl!1 tn relRSbIle ..fler ""..elerlltion and tbe richl 10 _rt In IIn; f~losu",
<br />~~.~llI'lI ~_or ""y ,,1Mr dde_ of Bor......er to ",,<,<,"'ratio.. and 'or"d05O"', If Ih. bre""h
<br />Ol'~.~tIMlW.e spe<:lIIed ,inlhe ....tk.. I,eOlkr lit lAnder', .lption mllY de,lare l1II 01' I"" .n.... se<'o~ by
<br />"'~tlialtl) 4lA\....~ll11!h ...rll.."tt hutiltor....l!lUIlId ....d may fn_'- by judkial pnwo""l"lt. lAlnd.r
<br />IQ ~ III ~""""eedbII aile......... 01' t....ed.......e. indudlua, hul Mllbnlted t<>, <0$lS of documflllllfY
<br />.. ..' .~""t'I!...-.,
<br />-~~-,. ~,' ite~.~~ Nmwk~tiin4'1~g L-e:ndf1"r'~ ~Kc('l(,fatkm of the ~um~ %t"J;mn1 by thi~ MOftJ!_ilse.
<br />liotlO\ftl' ~lu\".. ltal ~I ,,, have any pttX'eedinll' l!elll>tl I>y l."m~ to e"r~rc( ,hi' M,.rt,.g" di.conli""ed at any Hme
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