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<br />83- 004080
<br />Lender's written asreement or applicable law. Borrower shall pay the amount of all mortgage insorance premiums in the
<br />mannei' provided under paragraph 2 hereof.
<br />Any amount.s QtSbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unles. Borrower and Lender agree to other terms of payment, soch
<br />al\'lO\lnU snalfhe payable upOn notite from l.ender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of dk~enf at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />intemt at stICh rate would be contrary to applicable law, in which event such amounts shall bear interest at the higbest .rate
<br />permiStibletmder applicabie law, Nothing contained in this paragraph 7 shall require Lender to incur any expenSe or take
<br />anyactlOO'.hemmder.
<br />8: JlIllpftlkik, U!n<ler may make or cause tn be made reasonable entries upon and inspections of the Property. provided
<br />tllat Lender' shall give Borr6wer notice prior tn any such inspection specifying reasonable cause therefor related to Lender's
<br />interest'in 1M Property,
<br />9. eo.,1em.-1Ioft.. The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />condl!mnatk>n or ofller taking of the Prope.rty, or part thereof. or for conveyance in lieu of condemnation, are herebyamgned
<br />and sball be paid to Lender,
<br />In tbe event of a total taking of tbe Property, the proceeds shall he applied to the sum, secured by this Mortgllil',
<br />with the exceso. if a"y. paid to Borro,","r. In the event of a partial taking of Ihe Property, unleso Borrower and Lender
<br />otherwise agree in writing, there sh.lI he applied to the sums secured bv thi" Mortgage such propOrtion of the proceeds
<br />8$ i. equat to that proportion which the amollnt of Ihe .um. ,ecured by this Mortgage immediately prior to the date of
<br />taking beaN to the fair market value of Ihe Property immediately prior to the date of laking, with the balance of the proceeds
<br />paid To Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice hy Lender 10 Borrower that the condemnor olfento mue
<br />an award or settle " claim for da1lUlges, Borrower fails to f""pond to l.ender within ,10 days after the date ouch notice is
<br />mailed. Lender is authorized to eollect and apply .he proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured try this Mortga~
<br />Unless Lender and Borrow,,, othe",',,,, agree in writing, anv <ueh applicalion of proceed, to principal shall not extend
<br />or postpone Ihe due date of the monthly IOstallmenls referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />III, Ilorro_ Not Released. Extension 01 the time lor pa\,ment or modification of amortization of tbe sums ~nred
<br />by this Mortgage granted by Lender tt"" any 'Su.ccc~~or in interest ('If B<1rrower ..hall not operate to release. in any manner~
<br />the liability of the origin.l Borrow,,, and Borrower', ,,,,,es<oV' in inter""l lender ,hall not he required to commence
<br />proceedings againol such successor or refme to extend lime for pavment or otherwise modify amortization of the sums
<br />-,~ythis.Monll..by reuon of an)' demand made bv the llrig,"a! &lTrtlwer and BMrower', successo,.. in interest.
<br />It. ..r..........c,"'",L8lllie" Not" Waiver, .>\m' f"rhearance by lender in exere""'g any ri!lht or remedy hereunder, or
<br />ot~ise afrorGedby.appficllbl. law, ~hal! nO! he a waiver "lor preclude lbe exercise 01 any such right or remedy.
<br />The proc:titllmOntof lMW1ll'tee or the pavmenl 01 ta'e, '.." pther liens or charg"" by lender shan not be a waiver of Lender',
<br />right to accc\.etllte fhe maturity of the mdeotedne" "",cured hv rhi, Mortgage
<br />12. R-.11e5 C_Jatift. All remedies p"w,ded In lhi, M,>rtgag. Me d"linl'l and cumulative to any other right or
<br />remedy undef rhi-s Mort"a,~ or afforded hv taw t)f ("QUltY. ;lOO mSl)' ht- ~'''t':Tcl'ed n1ocurt'C"l1t1y. independently or successively.
<br />13. s.c....... alOll AMiItlt Bo....... Joint find St...... l.iabilllr. Capdons. rhe cO"enams and agr<<ments herein
<br />contaiOl.-"<f shaH bind. aJ\d the dghh hcrt:under ~h3:H Inure to. the ft""~(i\'e -succt:s~(_lN and alt'liigo'S of Lender and Borrower.
<br />subje\.'1 to the pruvisions of para.raph i 7 hereof. -\U ClWCUants >tHO ~lgn:1:menfs (If Borro\\-'Cr shan be joint and several.
<br />The c.aptkm-s. and headinp of the paf4gfaphi \}{ ihi, Mortgagt,.. ar~ f{\f i,.'un\'t,mtence (mly and are not to be used to
<br />inlcrp""l or dell"" the pnwi.ions herwl.
<br />14. N~... E:(~-ep( fOT any notice requtfc-d under <Jpp-ii.:.abk la\\ h~ he given lfi another manner, (a) any notice to
<br />Borrower pr-(w!ded for in this Mar'tgage ~aH he gt..-en by I1LtlHng '".lh,'h notice by {;.-erut1ed mail addres!.\ed to Borrower at
<br />the Property Address or at 1:iuch t.:tther addre"~ <Iii- 1~"'1rr-t)wt'f nl4Y dC-;;;lsoate by notice to Lender a~ provided herein, and
<br />(b) any notice- to Lender S.hllU be- gi'\-e-fl by certified mad. r-eturn rt"'('~lrt rcqt.re:s-lcd. h., LCIH.k:r'i> addre&"i staled herein or to
<br />'.i-uch other ad~ as. Lender may dc-i.tgnafe h} anU\:c k' BOHf}itA,-Cr as p-rtJvideti her-e'1I1. /\ny notice provided for in this
<br />Mo-rtgage shaH be deerll,-cd to h.H'~ been ~i"'cn h,'t Borrnlkc! nt Lcndt't \,... hcn gl\'Cn it] tht- manner designated herein.
<br />15. V.if..... Mortatc..; G()\'cnuB& .l..jtt~.; s.n~flIbiIit,.. Thh f{\rm (If ffiQugagc (:{'\rnbines un,iform covenants f()r national
<br />llSe 3.lki noo-uniform CO\ienanb with ltmihcd \-'4naHon~ hy JHi i-;;,...h-.:UfHl hi ..,:ons.tHute a Uniform MXuril)' instrument covering
<br />real property, ThiS Mortgiilge y"haU be ~).\-crn('d O\-" the 1.1\\ ,.f rht- Hlri'o-lh'Hon in which the Property is located, In the
<br />c-\'tmt that an)' provisivn or dau\f: (Jf ItJl-\. Mortgage ,\t the St\le ..:~\S)tlict.. '^ ilh .lpptji.~~lhle law. such conflict shall not affect
<br />other pto\'is.ioflS. of this Mor.gagc nr the ~-otc whj(h ~~n ~ !lH-en ~"trect without the conflict log pro\ii~ion. and to this
<br />end tlte pro\'.siom elf ,ll<: Morlj6Be and Ihe "Ole Me tkdared I" he ,,,,,,raole,
<br />16. .........wu'a Copy, Borrower ,hall t>e furm<heJ a ,"nrotll",d ''''j'' 0' the ~O!e an,1 "f lhis Mortgage at (he time
<br />of exc<;ution <'r alter r<<ordat.oo her.l,1
<br />17. Tl'Ullf., of tile Properly; A_IpIloa. If ail ,'r any p"rt ," the Pn.perl" or an mterestlherelO is wid or IIlUl.ferred
<br />by Borrower without Lender's, prior wnltt:u (\.)oscnL c_\dudins, (~l) the ('rc.atk.\fl of a lien ur ent;umbraoce subordinate to
<br />this MOr!&<\lIe, fbl tbe creation <'f a purc""", m,'ney ,",cllrily IIltel,,-'t lor h""",hold applianc",. IC) a transfer by devise,
<br />dcsc.cnt or by operation 01 law npon rbe uealh 01 a loml tenam 01 td. Ihe grant 01 ~ny leasehold iMerest of three years or less
<br />not eontainina an option to purchase, Lender may. 4t Lender, elpl"'n, declare all ,ll<: .ums "",cured by this Mortgage to be
<br />immediately due and pay'able:. Lender <hall have ""iv~>d SI"h optlOll to acede,.le if, prior to tbe ",Ie or transCer. lender
<br />and the pel'$<)IltO whUlll the PrOpel't) ;, !(l he ,old or ltanolerred reach agtCcD1em tn wfIling Ihal lhe credit of sUI;h person
<br />i. 18!W"actory to tender and thaI the interest payable on the sums secured by Ihi~ Mortgage sh,,1i be al sllch rate as Lender
<br />sb;o!lreq~t> If tender hIlS waived the option In "ceeler;ue provided III thIS paragraph n, and if Borrower's successor in
<br />itllCrcrthas exccuteda ,.,ritten ll..umption agreement acC.Pled in "rilmg by Lender, fender shall release Borrower from all
<br />obIi~iont under tbis Morta. and the Note,
<br />lf l.:n~ exercises swh option to acce[erale. Lentkr .hall mail Borrower notice 0' acceleration in ac'Cordance with
<br />pa.r1lJ.tllph 14 hereof, Such Mlice shall provide a pc.riod pf not less than }O day. from Ihe date the nolk. is mailed witbin
<br />whi.;:hB9rrowe-r trill)' pay' the 'Utm declared due. If Borrower faii. 10 pay such ",ms prio, \0 the expira[ion <If such period.
<br />len4eI' tnaY, without further nolice or demand on Borrowe,. ,""oke an)' remed.es penn;tted by p"r"iraph 18 hereof.
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<br />NoN~ONI_M COVllNANl'S, Borrower and Lender furthel c"Vendol and agr"" "' ,ollows:
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<br />II. ~.~ Ex"",...... providt:d III pal"ll&l'apIt 17 he.....,l, up<>>\ Borrown's brea<:1I of "ny eonllaltl or
<br />~lltot~!IJ hi 11m.~, lp(~ tlte <'o'''tt1lnts to pal" ..hen""" any s.._ _ured lIy tlm Mortpge,
<br />,Ji(~~.Rot~ 10 lIonowtf M provided In PlU1lif1lph 14 h_f ss-Ifylq; (It the bnt.dt;
<br />to."~.**,"~; (3) a dale, ootkfo,. than .ltl <b)'s f..lID lhe date the notke is mailed to Dotnlwet.
<br />.. . -l:U<<llI;- (4) tbat fall..,elo ''UR sllch ,,"_elt onn' hero<< the date speellltd III the nodee
<br />~dlts""'liKllml"Y dQs ~tn"'''' f~e"" l*lklal pt'ot't<:dlna alld -"' of lhe Property.
<br />'.~ of dle rIPl.to ~ an.. ..~atil>.. attd It..: ridtl t"assert In lhe '_l~
<br />~III" llIq~ tlti...., of Iouower 10 ll<<de~ attd ',,_loslJR. If the brueh
<br />~ .lallle noll.e,. [At......r atlAndfor's optl<la may d~R allllf the ._ $<<.."d by
<br />. tNtY~ wlUt9!lt 'u!'lber. ~ ut.!. may f_"- by jlldkbdpro<<<dht&, hadet
<br />~I!l delp4t_ III fondosnn, illdwJlna, buf oot Iimlled 10. <om ..r d<<u....nl.ty
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<br />,.... ... . .... .. ..... ......... .' Notwittu......nd.l\lI "ender's ."c","'rallN' "flhe ,urn. ",,,..red hy Ihis Morljage,
<br />~sIilllJblWllherliiltt fo M.W:' al\y 1"",:;,<'6'11&' oogun by Lend", In enl<,lce thIS r.kngall< lli"'''''linucd at an, limc
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