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<br />83- 003598
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<br />Lender's written agreement or applicable law. Borrower shan pay the amount of all mortgage insurance p:emiums 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 temlS of payment, such
<br />amountS shall be payable upon notice from Lender to Borrower requesting payment thereof. and shaH bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such ;ate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
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<br />may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />rr'~wer notice prior to :my such inspection ~pec;fv;ng reasonable canse therefor related to Lender's
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<br />$at
<br />illtere~t int!ieProperty:;
<br />9.COOdem1t8ti6'n. . Tile proceeds of any award or claim fordll.ma~es, direct or consequential. inci)nnection with any
<br />condem Q'rotncr taking ofthel'rope11:Y, or part thereof, or for conveyance in lieu of condemnation, arehereby.assigned
<br />Ii ,to Lender,
<br />Illtheevclltofatotallaking of the Property, the proceed" shaH be applied to the sums sc.:ured by Ihis Mortgage,
<br />with the execs;;, if any, paid 10 Bormwcr. In Iheevent of II partilll taking of the Property, nnlessBorrowerandLender
<br />othcrWise.ag;teein writing, there shaH be applied to the sums secnred by thi~ Mortgage such proportion of the proceeds
<br />asisequil1 to that proportion which the anH}unt of themms secured by this Mortgage immediately prior to the date of
<br />taking mNl.rsto thcfair market value oUne Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to. Borrower,
<br />If the Propertyis abandoned by Borrower, or if. after notice by Leoder to Borrower that the condemnor offers tomalce
<br />llnaward or settle lit claim for damages, Bormwer fails to r~"Spond to Lencle,r within 30 days after the daie snch notice is
<br />mailed, Lender i~ a:ut'hoT"iz<!d to collect and <lpply tbe pro<;eed~, at Lender'~ option. either to restoration or repair of the
<br />Property or to the sums secured hy this Mortgage.
<br />Unless Lender and Borrower othenvise agre,~ in writing, any such application 0f proceeds to principal shall not extend
<br />or postpone the due dMe of the monthly installmems referred 10 in par;jgrarh~l and 2 hereof or change the amount of
<br />such instaHments,
<br />10. lkirrower Not Rete-c. Extcnsion of the time for paymentllr modification (If amortization of the slims secured
<br />by this Mortgage granted by Lender t() any successor in imerest of Borrower shall not operate to releas.e, in any manner,
<br />the liabitil)' of Ihe original Borrt'wer and Borrower's successors in inten!stLenc1er sball not be required to commence
<br />prOl;:ecdings agai.nst such s,jcce-ssor M refuse to extend time (Of pavment I)r ,)therwj.,e modify amonization of the sums
<br />s(~ured by thisl\'f{j111l;;tg,eh:l/ re&'li01\ (If any demand m~Hle hy the Niginal Borrower ;lnd Borrower's successors in interest.
<br />fl. . ~~'~'I,emlerNotpWalver, Anv Imbearance by bman in exercising any right or remedy hereunder. or
<br />Otherwise Ijf,)rde;:f" by .llflplibable law, ~h:;ll not he a wal'ver of nr preclnde the (,xerdse of anv such right or remedy,
<br />The prOl;:urenlel'\tQfil!ISUranceof the payment pf taxes /"II' other hens or charges hy Lender .,hall nol be a waiver of Lender's
<br />right 10 accelerate the maturity of the indehtedne~, 'cnm:d hy th" Mm1gage,
<br />12. Re_dles C.umulative, r'\.!l r,~medies proVided in Ihi, \tortgagc are distine'l ;me! etlHmlarivc to any other right or
<br />remedy under tillS Mortg.lg,~ or aff<'rdl~d hv !::l',' ':qUIlY, and l11av rH: exc'l",:i',ed i:N1currentlv, independentfy or sllccessively.
<br />13, SUC'('e\-mn lIJ1d Auialls&lInd: Joinl ;md Sf,"\'rlll Uability; Clllltions, The covenants and agreements herein
<br />contained ,hall hind, !llld the tights hereunder ,hall HlI,m: !(), the respeclIvc S\l("I:e",'r, and assigns of I.ender and Borrower,
<br />subject 10 the pHwisions of paragraph i 7 hen.,o!. .\11 (",.'vcn"",t, IHld "f B(1!T"w(~r shall hI.' joint and severaL
<br />The capti()n~ and helldingsl N the paragraph, lhi~ !\.h1rlgagc ,He C,'llVco;,'n.:e "Illy and are not Ip be used to
<br />Interpret or define the prov iSlolls heft~,'L
<br />14, Notice, Except for :wy noti"e "THier .ipplic,rble la" 10.' be givl.:!l in another manner. (a) any 11()lice to
<br />BOfr"Ii'I'er' provided for in this Mortgage he giV(:n hk l1l;lllinlS '[I<:h !lOlle,: bl C\~nificd nuil addressed to Borrower at
<br />the Prop.:11y Address or at such niher addl"" B"n"""'l mi'V U('''iln;lt.., hy 11"1 in: 10 render as provided herein. and
<br />(b) any notice 10 Lender ,hall be given by i:cr!,ned PHil!. '"rurn rei.'("pl requested. render';; <lddress staled her<,in Of to
<br />such olhllr addrc,s ,as Lender mil' de,i!!I"lle r-\ fit.'li,,<, r" Bonn"cr as p""ided her"",. /\ny notke providcd for in thi~
<br />Mongage shaH he deemed 1(. hll'~' heen gl"IC<l (\. BMfnw.:r or Ltllder when given in the manner designated herein,
<br />15. Uniform ~,h.rtt8ll~; GO~"'nliJJg taw: Sen:fabUity, I h" 101'111 "I combincs uniform ((wcnanb for national
<br />t.lse and non.unifornl e\wel1~nts with limih~d 'C,Jfl"IKln' hy j:Hl,dtctl\H" a lHllform security instrument covering
<br />T(tat propeny, This MOflg~lge shull be [W lhe !tlW "I' Ill.' whkh the Prof.erty i, localed In the
<br />event th~t any pn.."lV~s,i~)n nf \~!au~ :\-'lort.gdg~' \,~t the. Note law. l.\uch <:{'~nnict shaH not affect
<br />other prov.sioll' of th,j., MNlgag" <lr ,he "1')1<: "1.",:11 ;:;"11 b<.~ g'~<rn dIe,l the con1lictillg provision, and 10 this
<br />end the provisions ".fIll.: M.ortga!ie aud Ihe ~'\'"e arc decLm:d In he "evcr.IDIe"
<br />16. Borrower's Copy. Borrowcr ,hall rn.: rllm"h,~d iJ. ,;ol<hmu"d ,;opY of the Note ilnd of thi, Mortgage at the time
<br />of cxeclllion or after r"cordation hen~oL
<br />17. l'r_fer of .ltbe Property; Assumption, 1 fall N
<br />by Borr-lwer withoUl Lend.:r'~ prior wr/Hen conse!!L
<br />this Mortgage, (hI the creation of a
<br />descent Qr by opl;:ration of law
<br />!l'-'{ containing :m to
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<br />of lht' or an interesl therein is sold or transferred
<br />1;1) the. of a lien or encumbrance suoordinate to
<br />,e.::uriry,mert:st Y'lf houschold appliance;;, Ie} a transfer by devise.
<br />temull .or ld.' the gfam of any leasehold interest of thrce years or less
<br />Lend-er'~ ~~pt~on. Jcd~rc aU the. $urtlS St~,~un:~d hy this !Vio[tgage to be
<br />have waived ~.\i("h a.;;.;;e!emte it 10 the sale or transfer. Lender
<br />I, 10 he II) lhat the credit of such person
<br />shall be at such rate as Lender
<br />and if Borrower's successor in
<br />shall release B{lrrower from all
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<br />;-~-~,;'\,~-nt;Jd. hv -tht~ Nri\}ft$1;'eg:,',-,
<br />;n'\y hw.t'
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