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<br />83- 004079
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<br />Lender's written agreement or applicable law. Borrower .hall pay the amount of all mortgage in.urance 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 tenns of payment, such
<br />alllOllnlssbailbe payable upon nbtice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date c>f dlsbu_t at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />intert!$t al such rate would be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />pet'nliQibleunder al>pfICable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any80liOnhereunder.
<br />8, ~;. tender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interesl in the Property.
<br />9. COlliIIemll8lio". The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or ollrer taking of the Property. or part thereof. or for conveyance in lieu of condemnalion. are hereby as.~gned
<br />and sball be paid to tender.
<br />In Ihe event of a total taking l'( the Property. the prnceeds shall he applied to the sums secured by Ihis Mortgage,
<br />with the excess. if any. paid to Dormwer. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing. there shall he applied to the ",rm secnred hy this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the <urns secured by this Mortgage immediately prior to the date of
<br />takin, bears In 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 hy Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faih to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender i. authorized to roIlect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Property or to the .ums sa.'Ured "y thls Mortgage.
<br />Unle.s Lender and Borro~r otherwise agree 10 writing. anv ,uch appliC31ion of proceeds to principal shall not extend
<br />or postpone the due dale of the momhly installments referred to in naragraphs I and 2 hereof or change the amollnt of
<br />soch inslallments.
<br />to. Bofro_r Not RdeaRd. ExtenSIon of the Ilme for payment <'f modification of amortizalion of the sums secured
<br />by this Mortgage granted by Lender to any .ucee.""r m intere.t l,f Borrower .hall not operate to release. in any manner.
<br />the liability of the "riginal Borrower and Borrower', .uccessors in interest. l.ender shall not he required to commence
<br />p-roc.eedinp again~ such successor or refuse to extend tIme for payment ,-"If (lfhern-ise modify amortization of the sums
<br />_ured b thit Mortgage hy tea'lilll <,r any demand made by the original Born,wer and Borrower's successors in interest.
<br />ii;~ .. ... .-., Wah'..r. Any' forbearance bv Lender in exerci,ing any right or remedy hereunder. or
<br />othe~'.!I . ~~li laW. shall not he a waiver "r '" preclude th" "xerei", of any such tight or remedy.
<br />The pr .' ..u..~.~tth~ payment or t.Xl'" l'r "lher hens or charg,,' lw I.ender shall not be a waiver of Lender's
<br />ri!!bnn -..Ieratc thi.riiati.rity .,,. the indebtedness secured OV tl", Mortgage.
<br />U. R~ CIlllllilJlltr". All remedies pnwided '" thl' M"rtl!age ilrc di'tinl'1 and cumulative to any other right or
<br />remedy under this Mortgage or afforded hy~ law "f equltv, and ",.y "" nen'N'd (<,"currentlv. independently or successively.
<br />13. s..:n....n..... AIooicJn Boomi; Joint aDd Senl'lll Liability: CapUon.. Inc Cl>"enant, and agreements herein
<br />conlaot)ed shall hind. ..nd the rights hereunder shall lOur" to. the respedi\( "Kn.S"'.... and assigns of Lender and Borrower.
<br />subjec"t to rhc: provisions of paragraph ! '7 heret)f :\If n::Wl:flimh anJ ~gn"en\enh (if Borl't...)wer shall he joint and several.
<br />"The captit.'\f~ ;tOO headjn-g> of the para.ieraph", ~)f fhi\ Mnrlgag~ are f,)[ \:onVentc-nct' only and are not to be used to
<br />10lerpret l'r define the pr,w"io"" hereeL
<br />14. Notkt,. Except for any notice requt-red umicf ;lppii..:.'lhk la~ to he given in aootht::r manner, !a~ any notice to
<br />Borrower p-rovided for ~n this ~f{V1ilalt~ ~haU he g.tyen h;f ni.a~iing "'H\:h fH)-{ic-e hv ~:erttfkd maB addr6sed to BorrQwer at
<br />the Propt:rty ~"ddr~ or it ~uch \ltMf aodre~, t!'\ BOfrt..)\",-cr Ind) tre'Hgll-iJte by n~)tjce to Lender as provided herein. and
<br />(b) any not..... 10 Lender .hall "" g"'en by ,Cf!tlled ma.l, relurn 'eCCil'1 lX''iU<:SlC\i. '0 Lender'> adJres, <lated herein or to
<br />such other address. as Lc.nder ma} de-s-i-gn.ate by fh.ltjec tp BOfn}'4cr ,a\- fHt.Tlltde-J her~in" "nr notice provided for in this
<br />Mf..\ftgJlBe shaH be deenled to hay-c he--en gf\'Cn to 8eu roy.,Cf (~f i f.~rn.kr \ilro hen gi'..-en in (he manner des-ignataJ herein.
<br />IS~ U-aifono ~i- (rlJve-miuc I.a": Se\-enahilit!'. Hu'\ k\HH of ffi{.n.gage ,.;-onlbina uniform ,ovenants for national
<br />use and non-~unitorm ~-\wc:n:ant.. \\'lth hmiteLi ~ ,In-atiofH hy ,\IlI~i.H.:H(m [.,1 i.:('1nsttwte, a unifoml security instrument c{wering
<br />re.-I prope--rty. This Mon'tlg't' ~haH he gtwt:fnni hy the i,tv. ,'of the iHn~Jt..."'hon In which the Property is h.-)Cafe.d. In the
<br />e\!'.ent that any p-rovis.on or ~Jau:w- flf Ihi, Mnr{gjj-~e i1f (flc ;"..;me ..:<:~nthch \\1th appl!..'.ahle law, -su\:h l,:oof1ict shall not affect
<br />\'1ther pro\o'tMOOS i..'C .hi,&: Motts-age t)r the S,-Hc whJ-('h l..'~Hl bt' gt\.en dleet ",thout the conflicting provision. and to this
<br />end the provisions or the Morrsage ilnJ the :-;,.te ,,'" <leclMed tu he ",vcr~bl..
<br />16. Bono.erts Cop)'. B()rro~t.'r ,,-hall ~~ furn~',..heJ d ..:.~ni-llrmed ,op~- of the Note drh.1 of this Mortgage at the time
<br />of e.\ei:Ullon nr after rec<:>rdatlon hereof.
<br />17. Tl'1IIafcr of.... Propertyl AoouIUpUOlI. If ,11 '" any part of the ProperlY or an mtcrest therein is sold or transferred
<br />by Borrower without te:ndec'!j; prjor ""riu,~n .."\~(b.enl. ex.duding LJi the ..:rcation Ll:f a lien Of enc_umbrance subordinate to
<br />this Mortpae,. (bJ the ,,""re.a.tlon l)f a p-urch~ money ~-...;uru~ I nit: rc'\t r(lf houwh()ld appHan<..-es. (c) a tran~fer by devise.
<br />descenl or by operation <>f law upon the Jealh or a I,',"t tenam Olld. the ~r'"1 (,r any leasehold interesl of Ihree years or less
<br />tlOt COitltaining an ~oo to' p-ur-chut. Lender may. ;.tl Lcndl.~r\. \)puon, declare ..ill the SHms. secured by thl.i MOl1gage to be
<br />Immediately dtJe and payable. Len<lct shall haye .....ne..! .uch option to aCcderate If. rri"f t" the ,ale or transfer. Lender
<br />3nd tlte person to whom the Propeny i, il' he sold or t,..",fcrreJ reach .greement In wming that Ihe creJit of ,uch person
<br />is Sl!tisfactoTY to l.ender and that the inlere,t l'ay~ble LHl the '"m' ",cured hy lhi. "fortgage shall be at such rate as Lender
<br />wll lllquest. If Leader h.. ",,,iv;xl the opt;on to acceler.te p",,'iJC\i lrt thIS paragraph 17, and if Bornlwer's SlIcces.sor in
<br />interest has executed a wrillen llSl;umption ag",emcnt "",epted ir, writillg by Lender. Lender ,h31l release Bormwer from all
<br />obligations under tbis Mortsa&e and the Note.
<br />If 1..4nde.( exercises juch option to aC-Cder4!e. Lender ~haH mail Bono"'tt notice of -ac~eieratio.n in a~cordant;c With
<br />par~h 14 hereof. Such notice sball provide a pen"d of not less Ihan ~O day. rrom the date the notke ;s mailed within
<br />w.hkh Borrower may 1'&)' the sUms do;:lared due, If Borrower fail, to pay su,'o sums prior tv the expiration l.lf ,uch period.
<br />~ may. wilh<lut further !Wti<< or demand l'" Borro..e" il1VOKe any remedies permilled by paragraph 18 hereof.
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<br />NO!'i.U~II'9I\M COVENANTS. ""Howe, and Lllnder further wVenmU anJ "I:",e as folll'w>:
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<br />... 4cc~l....... h<<,1 "" provided In ""'l'llIltr_pIlI7 he.....f. upon Bom>""r'. breacb of aoy ~onDaol or
<br />~ .. ~ ill this Murtaace, iududiG&the covell_nil; t.. PIIY when due any ~u_ "'cured by !hlll Molillllt,
<br />~... to ~.... __ !lOti<< ltllloiro"'''r lIS pro.tdd In ,......raph 14 hereof speclfyina: III the bru<b;
<br />(2)' . .~ to ttml...,Il!ol:eltcltl (3). _d1oce,not "- llIao 3e d.y~ f....... the date the oofin Is ntalled to Bono...e..
<br />'l'... . . ~... k n.nd; MHl (4~ .hiIt ftdl~ to <<l~ "'-ldI bn-aeli on or !>tfore the dat.. .,...,llIed ill the oolkc
<br />*'I ...rthes.u~ _.red by thl1t.~. f~" by judicial pl"O<'<!Cdlflll afld!lJlle of the Propeny,
<br />'I'M' ... .. ,bJI_.Iortv~",.rthe ridtt tt> ftlRStllft after ll('...leratlo. IIlMI Ihe "lit I.. _rt In the fored_e
<br />'c. ..... .. ...~.......r III ftf1lultor _1 other clefc_ of lIom;..tl' I.. ......,"'....tloo ...., f..~. If the bn-aeh
<br />........."".........ell\*...1n the lWII<<.bndeut tender's optlow IPllyded..... ltlI of the _ ""eunod hy
<br />.... ...l ~..llI!d,.y. "'ltIwvf fvt1lwr --.. IiItd may f.._,- by jadlclN ptO(<!Cdllll. tAl'"
<br />... iQ(:1I!.~ d n~ of f__",... l~, "ut "'" limited t1>. c...... I" doell__lIlY
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<br />3;. . ......tt..lIlfe, NotwltltMandl"l! I.endet', a<:celer.t>uft "f Ill" ",m. W<'ured hy this "hrtgage.
<br />~"'l MN lbe .JIllII" ful,vl'; auy l'ro..~dil'lpbellllfl fiy L<'n<kr 10 el>fm,,< Ih.. Morte"!:" ,lh"""ti"""d ot Iny hme
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