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<br />B3-003641
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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 Note 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 />permissible under applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shan give Borrower notice prior to any sllch inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property,
<br />9. Condemnation, The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Properly, or part thereof. or forconv(~yanct~ in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the ProperlY. the proceeds shall he applied to the mms 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 />otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to thai proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately priol to the date of laking, with the balance of the pr.oceeds
<br />paid to Borrowc'r.
<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 seWe a claim for damages, Borrower faib 10 respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at I.ender's option. either to restoration or repair of the
<br />ProjX:rty or to the sums secured hy this Mortgage
<br />Unless Lende:r and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />sllch installments,
<br />to. Borrower Not Releao;ed, Extension of the timc f,>r payment or modifkation of :lDlOrtization of the sums secured
<br />by th:is Mortgagle j~ranted by lender to any successnr ill inter(~st of Anrrower shall nnl operate to release. in any manner.
<br />the liahility of tl1(: original Borrower and Bormwer\ S\lcces'''rs If1 interesl. Tender shall not he required to commence
<br />proceedings aga:inst such Sllccessor N rcf\lse to eXlend time fM payment or otherwisc modify amortization of the sums
<br />secnrc:d by this Mortgage lw reason of any demand made 111' 11>,- original Borrower and Borrower's s\lccessors in interest.
<br />11. Forbellnlnce by l.ender Not a Wain'r, AllY f,'rbearaIKc bv I,'nder in excrcising anY right or remedy hereunder. or
<br />otherwise afforded by applieablc law, ,hall t11'! h~ :I wai\'cr (\t ,If predudc the ewn:ise t'f allY such right or rcrnedy,
<br />The procurement ,~f insurance or lhc pa\'ment (If c"es or (\Iher lien\ or l'tl:\rl!es by Tender shall no! be a waiver of Lender's
<br />right '[(l acceleralle the maturity of the indcbtedm.",s 't'cJlrcd ,,, lhi, Mortgagc,
<br />1:2, RelDe~lie~ Cumulative. All rcmedles N,\\'"kd III this M,'rlgage an' di\tim:t :Inti ,'umulativc to all\' other right or
<br />remedy under Ihls Mortgage ill' ;lIfnrd('d hv law", eqult\ ;ll1d maY hz' c,-('r-:i'ed COI'Il'lllTt.'f1l1\', indcpcndent!\, (>r successivelv,
<br />13. Succe"'~ors and Assigns Bound: Joinl :tnd Sl'Hl"'.Il l.iahilily: Captions. T1K' ,',wenants and agrc<,ments herein
<br />C('lltal:l1cd shall bind. and thc rights hereunder \1\,,11 mllJ'c h', lh,' r-:'pec'tJl t.' "lece",',., :lnd ;"Sij!ll' "f lender and Borrower.
<br />'mbjCCl W th,: pr<wi,,,'n, ,'I paragraph ! ~ heleol ,\lJ ,',IV('!LlIlts and alllC,'llwnls <'I Borh'wel xlia!! tx' joint and several.
<br />The ...:apllons and hC~idin~' of the p:ua.graph... ~ll ;\h\n~,~a1.',l' ~trt: fpr j,:,'n't(~fHcn(,,'c t.'111Iv and are not fp he u.;;cd to
<br />interpr~'l or defil1lc the pmv.sioll' tlnCt'l.
<br />14. SOlice. Ex<:ept f,'r anv noo,'e rC'lwrcd under "i'plic';oh!c I"" I.., b,~ ~ivt'l1 1!1 ilnt>lher m:Hlller. la'j :lf1V l1(\tll:l' to
<br />Ron(~\vcr l')fovlded for in th., Mt"lf'tgagc shttll h\.' gt\'~~n h~ mailing \lk'h !h1tll~f,,~ h\' \:endit~d rn:lil .t(ldn.~1\\~d to B\.\ff'o,^er at
<br />the P!r()peny Addrc" t.''t,i .H '\lH.:h \~dK'r ,Hktn:'"" B~\rhn^~'f In;~\ d~~'.;jgILIIl.." h\ lh'lli,:t: fo f 1,,'IHh:r as provided h(~rcjf1. and
<br />th) any nou~.: h1' l..-t...lh:ief ,h~di t",t' !!I\'\,'l1 b\' ...<.~;hl~l.;'d 1cllif:t ft:<..'t,';pt It''itll.",{t'd, {"j ll.ndl,;~f'" addr(~st.; sfaf~d herein or to
<br />"l.uch other addrt~s~, ~i~ I ,l~nlier UL1\ 'dc...i.~lIdh:' h\ ni..~lh:t" 1(1 B\'f'1\\\\er ;t'\ pf('" Id~d ht'~'l'lll \rl\' nt)fj\:~f": prnvldcd f()r in this
<br />~'t\H't~:ag>: shull be dccnl.:d h,.i\L" >1,,'-"-"0 ~j\(.~q 1p Bnr;"'h('! ;,,~! 1l.,>IH,kr ,,'\,hen ~~t"t'l1 lhe !nalin~f' dC<";lgoHtcd heft:in,
<br />15. t'niform !\.fol1l:lIl:e; (;o\l'rninl: 1:1": St.''''rabilih, j !,,>l11l .>1 mp!!ga,~ee .,<"'IIO;O<:S Ilndorrlll','v<.'"ants f"r Iwtft>llal
<br />ust: an,,) !h'n-unii'l\nn c!.Jyt.:n~tOh \'" i1h Jinllh,'l! \ df:.l1.:dO'l f\It'I'..d1\v'fj,'\n it' ,.,'\)l\"iflttlk~ a tlnd()rrn \('~tJrily instrunH~nt (overing
<br />i"'('itl property rhi, ~t()ngJgc sh.lil t~: l,;'ruo;,:d c~i\ thl.: /.t\\ ~if tht' !l!n,df":!h~n which the: Property 1', h)\.:ah.~d< In the
<br />evenl ~hat ~tny pri''Vislou i\,H Ii.'~au.;,,"' l,.}f \hlr!ga~,(; ',If the :,\-'(Itl" \.... ilh iav".. slh.:b l,,:onlli\.~! ..,flail neit affect
<br />\)ther phv\iJsi()n~ (If lhi>.;; !\fClrtgag..: I.Jf tht" 't."h:' \, hh:h ,-';Hl b\,' :!!,\~n t..trt~l..'l rht" "'t'li)Hi~ting provi..;;inn, and t(, thi~
<br />t=nd tht;; Ph)Vl~i~.)n, (\f l_h(: :\h)ngagl' ~ind dw '~,~re ,ill: ,k~..;hn:d !\'; h(' '",e\!~rah:l;.>,
<br />l6~ BorrO\1H~-.r.s Cop},_ Borf\v~"-t ...hdH b'l' fnrni...hi:'d ,I ...:..\!d\)roh.:d ('opy \,ll the ~"ott, dnd nf thil.; !\.-iortgag..: ;,H th~ tJITIC
<br />of execution ('or .1 r"h:r rc....ordalion n..::rc\)f,
<br />17, Transf~!r of tbt~ Property; Assumplion. (1 ali 1.'lrfw Pr,,!,,:!!\' III ;In interest thetein is sold or transferred
<br />by Born.)'\I\er without Lcndcr~_" pflor .....rlnen I.:\~{h\.:nt, fa} the (,:re:.JtI4Hl nf a lien ('Ir cncumbfanC'~ s-uO-ordtnate to
<br />thi" ~tortgage, (b) the ...:n.~atlon "f :t ptlr~ha~c :--l...'I-'urit\ inkrest f\"lf h{-Hht.:hoJd applia.nces, {c) a transfer b:y de....ise.
<br />descent Of by QP1~rj~Ltion ;[)f la\\. Up\lfl the deat.h of a i.enant ur id! thc gf~'int \)f an} k;Js~hold intl~n..st ('f lhrc,t.~ year." .)1" less
<br />not cont'lining an option tl' purchase, Lc'nder tll..n.H h~ndc'r', opt",,!'!. dedMt ,.:, thee ,Ul1h secured by this Mortgagc to be
<br />immediatdy due and payable. Iendc~1 ~h;111 h'l\e "\;llV<:J \,,-:h .'ption t", a;;;;eeleralC ii. prior i" the sale Of transfer. Lender
<br />and the :person to Vi'horn th~ Pr()pcny i~ fl.:' be sold ~'lr l,r;-H)~'tcrrcd real..:h agrct:.:fucn1 in .''''-Tiring rh:;u the crcdi[ of suc:n person
<br />is satisfaclory to L'ender and that ,he inteleest t'"yabk 011 th,: 'wns secured by this IVlortg.lge shall be at su;;h rate as Lender
<br />shal! I'cqUCSI. If l.ender has waived the option to accci,;f;lic in this patagraph 17. and if B,\rrower's Sllcassor in
<br />interest has cxecu!(~d a written assumptIon :lgrcemeJ1l in writing by lender, Lender shall release Borrow!:r from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such to accelerilte,
<br />paragraph 14 hereoi. Such ,hall provide a
<br />which Borrowcr may pay the sums declared due,
<br />Lender may.. without further nq,ice or demand on
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<br />L~rHjCl shaH fl1ai! BOfj'j.)\l"er notice of a{~Cder~H.ion in accordance with
<br />of nnt Ic~s, than 30 days frorn thc date th~ notice is rnalled within
<br />8orr"~\'H.:r Lxii'S 10 pi'1Y such ,urns prior to the cxpi-J.tion of such period~
<br />Horrow(~r. invokt: any r.;:nH~dies pt,'nnH.!.cd hy paragraph i B ht.Tt~of.
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<br />~JO,Nq-lJNlF()Rt\'i' C.oVEN."NTS, BOrfo\\<"cr and Lender further ~,ovt'nanl ~!nd ;_~grec as foHn\vs.:
<br />tll, Act."eler..tliuo; Rl.'ltlCcdies. Except as pnn'ided ill paril2r:ilph 17 hereof. llPQI1 Borrower', bn!>lch of any cov'mallt Of'
<br />agreemeflt of Bonowl.'r ill this 'I.'1ortll:lli:C, including till' I:O\t'nalli, 10 pay when due any sums ;;ceun:d by l!lis 'l.tQrtllage,
<br />Le:Ildl!~ prinr to J\<c'ceiel'aii<m shall mail u<iotke 10 Borrower as pflHided ill paml:mph 14 hereof 'p'cdf'ying~ (1) the breach;
<br />(1\',th~"3,,,.t~~~. ,reft'l,f'~red,,~,(), cUrw '~.v'J'l brea(,''i!~ .~'l} a 'itah~~. YUtI h'~... fh,an J;:t} i'hn.'~ fJ"fHll Hl;<l.'" dn:t~ the u.(dh.'(,>, i~ l1I:lc;lilrtj ~o. Borrow~-"r~
<br />by ;;hkh ~;,~b b~'~~;~b. must be. .......red;;;d'.l41.lhat i~il;,~; i~ '~~i;;"~I;~il -i;~~~il' ;~" .;; before th...dat~ ~jle....iii<:;l il; lhe norl~~
<br />tired hy Ihif. ioredl",UTC by jl1didl'lll)ro<'ccdiiijl: lmd slIle of the
<br />of the IQ lIfter :tnd lile rilth! 'lS~I'\1 ill the
<br />lIl'ly "I to a<:"l.'leriiltiofl and If Ihe lm:l\<:'h
<br />tilt' Ill'li.:-c, Lt'mltr III L':l1dJ:r\ 'll1tkl.l1 tlnl} declare all {If tll" ~e;:lIn~d by
<br />witlwul hmhN :md m;l~' rlll'~:do~;; j'hJkhll t,'ntl.'r
<br />:all ;;.~I'fII,I:~ <If 1'1)/'I'dHMlre, h111 I'mt to, ,:o,t~ Ilf
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