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<br />83--004270
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<br />Lender's written agnement or applicable law. Borrower shaJI pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amount. disbursed by Lender pursuant to this paragraph i, wilh interest thereon. shan become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and lender agree to other terms of payment, such
<br />amountssllllll be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />datil of dishursementat the rate payable from time to time on outstanding principal under the Note unless payment of
<br />int~ at sltCbrate wooldbe contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />permisslble under applicable law. Nothing contained in this paragrapb 7 shall require Lender to incur any espense or take
<br />any 1ICtion hereunder,
<br />8. ~, tender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that l.ender shall give Borrower notice prior to anv such inspecti.'n speci fying rea"'lnahle cause therefor related to Lender's
<br />interest in the Propc!rty.
<br />9. COllftm.......... The proceed. of any award or claim for damages, direcl or consequential, in connection with any
<br />condemnation or otber taking of the Property, t>T part thereof. or for conveyance in lieu of condemnation. arc herehy assigned
<br />and shall be paid to Lender,
<br />In the event of a total taking of the Property. the proceeds shall be applied to the ,urns secured by this Mortgage,
<br />with the excess, if any. paid to 8orrov.'Cr, In lhe event of a partial laking of the Property, ..nless Borrower and Lender
<br />otherwise agree in writing, there shall he applied to lhe sums <ecnred hy this Mortgage ,nch propOrtion of the proceeds
<br />lIS is equal to that proportion which the amount of the ,..m< ,ecured hI' lhis Mortgage immediately prior to the date of
<br />laking bears to the fair market valne of the Pmpertv ,mmediatelv pnor to the dale of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Properly I. abandoned hy 8Mrower, or if. after notke hy Lender to Borrower that the condemnor offers to make
<br />an award or settle ;a claim for d\images. Borrower fails: to re:'iipmld tn I.ender WIthin .~O day~ after the date such notice is
<br />mailed, Lender is authorized to collect and apply lhe pmceetk at Lender" option. either to restoration or repair of the
<br />Property or to the <urns ,.cured bv this Mort!!age
<br />Unleu Lender and Bo-rrower othcrnlse agree in wrhin~, ~m\' -.;,uch appli-catic'n of proceeds to principal shaH not extend
<br />{)r- postpone the due dale l'\f the monthly insfallments refcrn:d to in p3ragrap-hs. 1 ~ind ~ hereof or change the amount of
<br />,ueh installments,
<br />Ut Borrower Not Relealcttr Fxren!i>ton of the tlnlC For pa\'mem I....r modification of amortization of the sums secured
<br />h-}' this Mortgage granted h~. Lender fl) any ')ucce....:~or In intc;c...t L'f B"IT0Wer "hall not operate to release. in any manner.
<br />the JiabiJit)" of the t~ril1inal Borrower and Borrower\; ~Ul,.'tc"!."or... HI interest T enoer ,halt not be: r\?quircd to commence
<br />proceedings again.~t \uch SUCCCS1.or (lr relUS(: h"l c'ltend tIme for payment dr (lfherwi<oe n'H"\{fify amortization nf the sums
<br />...ecured by this Mortgage hy reason of any demand made t-.\' !he '_'fig-mal Born:l\'ier :Hld Borrower's "uccessors in interest.
<br />II. F~ by l..endcr. Not a WahlI'. An\' ft)~ararH:t' tw tender in e"ercl<:;inirt an\' ri~ht or remedy hereunder. or
<br />t1therwise a.fforded hy appficable l:lw, shall not he iJ \.V;llvtf 1.': t'!f preclude Ihtk t.."er~lse ('If ~1.ny ~uch right or remedy.
<br />Th:e procurement of insurance Of the payment of' ta'~ c'r nther IH:'n~ ,If charges hv 1 ~nder ...hall not he a waiver of Lender's
<br />right to ""cderate the maturit)' of the mdebtedne'S ',ecllH'd \w thi, Mon!!a!!e
<br />t2~ Retneelin C.........e. ;\11 remcdJt's pwvided 111 rhi" Mort~;lge ';'Ift' <.:h\hn.:t and ;,,:umulativc to any other right or
<br />reo.mcdy uncic:r this MOl'lgaBe in afforded hv law Pi (;i.{wl\', .Hld Olin' he e'etcls~J ...-\IIK' llHtkm h', independently or stlc\:cs-'Sive)y.
<br />13. s.c.:- ..... A_... Bound: Joint aut! ~,~nal LlabllitJi: Caplio.... l'he wvenants and agreement. herein
<br />cuntatnerl shaH hind. ;Ind the right' hereunder "!.hai! lIH1re ti,}. the n..~f'('ctJVe ~u('~t""t\f' and as.signs t,r I ender and Borrower,
<br />~ubiect fo (he rrvvt":iwns of fJi:.iragraph 1 -: hereOf '\!l ....'\)\,.cnarus JUt.! ,i~r,'c;m~nh pf BOfrnwer ...haH he i\)lnt and several.
<br />~fbe c.apt.ion$ and headinp of the p.u4~r;~h, of fn1'! M('lrtJ:.;t~~ ;.r~ for t.'pnVC!HC'lKC nniy and arc not tc: he llcoed to
<br />interprel or deftne the pmv'''lon, her<<'>i.
<br />1~ Sotb. &c.ept ror any 1'10tl(;:(, fcu,uireJ und.er ~,pph\,;.~hl~ b~ !~, ~ ~!'v~n Hl annther manner, U) any !H'\tice to
<br />Borft\\~"'cf proYI..red k'tf 10 !hi'!,. Mortgage \naH he ~Iv<n hv n1ailtn~ ..u(h 'Httil,."~ hv ,",~~rtlfied mail ~,ddress...sd to Borrower at
<br />the Propeny ^ddres~ or at ",Uell ,l{her .lddre.." ,\:5. Bl1rfl,.,~.t"r :11.4\ lk....q.tf't~lt: f,\ :H,\iin? {,_... I euder ~Ilj, provided herein, and
<br />fb.j an>' nottcc to Lender shi'tH he given hy "-.-:erHfled fH.:HI. n:turn r~~etp{ r~'i'-K:"lr.tl h' l.ender.... adJres!i. stated herein or fO
<br />~uch other add~ as Lender may dest~nate Tn n{\tKc h' H{lfr(\'Aer AS ph),...u.kJ here:!' An\' notice provided for in this
<br />Mnugqe shaH he deemed f(\ have neen gl~t:'n ft) HHrrp\\t;I lif t .1..''tlf.lCf ",hen Y;~'n:n in the fna,lH'h:r de!iignated herdn,
<br />IS~ UaifOlDl Mortaar.~: Go~c",... l...a.:. ~H:f.bitity. l~h 1.lrm t)f flhH~gagc ll'mhine~ w)lf(trm \.'lwenanls lor Hational
<br />ase and noo-uniform covenalH~ .., ith iimttcJ "M!ati\)ft~ t>v !no..dh"t!Otl t" ..'~)mt!fUh.' ~1. IInd",'rm st."i,,;unty in'lt'lIf11cnt (overing
<br />real property, This Mortgage 'thail ~ g\JH'nteU b\ ine. j.l" "f !he :lIfl'>...!i....tU1f1 lit \.vhirh the Pro~rty j" lo...:atcd In the
<br />evellt tha( any PhWtSJOfl t)f dau",c "f thi.." \fort~age <if the N,\!c .":.,,ntlti."h \\ith ,ippih:';\hlc law, su~h ..:ooflk-r ..naB nul affect
<br />uther pn1vlsiOfl\. of tht~ ~h.,.Itgil8c ,\1" rhe ~t"'ll' \\hil.'h ",an h<- gl\~n t't{~d "Ilnf\Ht lhe l.:l.1nfh{"ting provi~km" and to this
<br />cnd fhe Pf,,\\.~ion~ \11" the Mo.ngage .md tht" '-"l\: M\."" .kxLucJ: hi he ...c....:r~thh.~
<br />16.. Bonowert.s (;OP"k Borfl')"~{ ....hall Pc hlpH".heJ ..1. ....,\l1h...rmt:U ;';~ll)\' t~r tht~ '.intc .md pf this Mortgage M the time
<br />oi exocution or after n'\:o.rdation her~.(lf.
<br />17. T....,... 01 tlitt Property; ..\.ssamption. If aU or .1fl}' part ~lt ;h\.' Propert~ nr .m in(eH~\1 therein is sold ('II' transferred
<br />by BotrOWtl'f \\"llhout l.ender's pridf W'nth:n d'thl,.:l\t, l..':'\duding ;;.1) iht~ 1o.n.'atton t)f 3. hen or encumhrance ~ub{)fdlOate to
<br />this !\fl,'\tt,.agc, ib} the creation t'f a pufl.:ha~ money "'r;...UfHY ,nteh;"S~ fJ.)( hoaschohl appliarKc~. Ie) a transfer hy devise.
<br />descen.t or by (t.peration of law upon the ~\h {)( a j.,:"lHU lenilnt \If Hl} the grant ,)1' .my lea~hold :nterC$I of three year~ or Ie&..,
<br />not containing -1n option to purchase, Lender nli1? Jt 1 endcr'~ ...lplHlO. de...;bn.~ all Ihe sum,; se..'ut'cd by lhls ~'h)rtgage to be
<br />Imn\1.."'dialdy due and payable, Lender '.i.hali have \Hin;t:'d :\.udl \)PU00 h~ .l...:cderJtc if. prior fl'l the sale (}f Iransier. Lender
<br />and the per$l)fl to whom the PrQjlC:rt)' t'i to he s.oid "n transt'eneJ reach agrecm~nt Hi y..nring that the credit of ~lKh person
<br />i~ $,atisfat;tory to Lender and that the intcre~~ pa}ithh.: {.In Ihe ~mns sel.:ured. h,. this ~1()ltgage shall be at such rate as Lender
<br />~naU rcquesL If t"ndet has waived lhe ,'p,ion In ..cV",icr;ite provided In lhl> paragraph Ii, and tf Borrower" ,ucee..<or in
<br />intues.t has executed a written a..5$Urnp~ion ~tgre.ancnl ;,,\-.:c.:ptcd if' \.\ rilwg hy Lender. tender shaH relea~e Borro!'\"cr from all
<br />~ion!i ool.ler tbis Mort,lli1ge and the Note.
<br />n l~ exercises. such optiQn to ~(.'C!er;lte. LcaJei ~haH maa Borrower !h)ticc i.,f ac..:.'eier3tinn in accordance \vilh
<br />P4ltaar.apb. 14 hereof.. Suth nOlu.:e s-haU prlwide ~-\ perH.x:i uf ni.:,Ji ~Cli-S than )0 days from the date the i10lkc is mailed wltOIO
<br />wbk.h 'Born,)wer may .Pit) the: 'Ultl-,\ dix:lared due. If BOnO\\to"f LId:; to pay s.u(h ...ums prior to the expiration of such period,
<br />~ !A&Y~ without. further notk~ or deJuand ~)n Borr~VI..eL in\''l1'kc ."in> rcmc,d.ie~ permitted by p.~rairaph 1 S hereof.
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<br />N9N-U~tFQltM COVtN'ANI$, Borrower .antI tender further cnv\.~nam and agree ;1.. L)HO'w~
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<br />II. A.~ ~ b<<pt... pro.idc4 ia Pllllllltapb 17 """,of, upon Burro"',,r', i>re..(h of any (0.......01 or
<br />......atal"""'-er: ia tWIo M~, iadudlac II", (U.en....'" tn pay "hen d~ auy su.... see..."" by tlli" MOI1IlIlIe.
<br />.......,..,10 ~.wmllil toPtke tu Bur.o..... "" provld.,.. In par.......ph 14 he......f .dfy!nl; (n the breach,
<br />al"'~~ loeimt W\:hllruebl (3) a due, ....tl_ tlla.. .W da), from the dale tbe notice is mall"d tn 8tKfO...r,
<br />1If. ~....~" ... be cllftd; .... 14) tUt rllilut. to rute SIKh be....." uo or ber..... the dal. 'p<<ififllln the notic"
<br />"'" ~..~.of" Ullti _..m.t by Ill" !\(od!llllIe, for"d..,..,,, by jlldldal ~'ll "Ad ..m of ""'Property,
<br />n.t. ........',.., W_ ~"'IK of ltw riahf 10 ",l;,mte afw .C..e!wIOOIl ....... I"" ri&hl: 10 _rt ill the fOteCkIs....e
<br />~.,."".",",,"al. oIefnltu. oy ..tllto. de,_ of Burro..". 10 ""'cdw.t.lotl .ud ror.,d<liiorc. If the bJ-ea<:h
<br />k... ~.. 01' .~. .. .... ~ ill thelWtke, (.conder at buder', lIf'1ioll ""'y dorla.... ldI of tbe .~ ""....t.,.. by
<br />"~to."1I:ll1ll!ell.illt!ely... ....,.,abIe wk.tunIt flltl_.u.11IP<l ami milY f<>r~km 1>)' judldal plt>eeedi.... h.....t
<br />.llie~lrltwlJlld llIW;:h,~ all fI...,_ of: fonrle,su...,. /wciadiec, but oot llmitfll to, r""l~ of d"".._ntary
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<br />~ ".~4~.",,~_,"'._.~.~ .NPtwit~iilndH'~ fe-n~f'\_<l~.\:'ete:.f4b':.~." ni tht 1;:tjm~ ">t'>;U.fed hy ti-~.~,; Milrtg~llt~~_
<br />8ror~. ~ ...,~ dtf' dim .ft) ~v~ '!t'll' pf'm.."\liwif~"~ ht~t'uu by l,en.Uer h;t ~nf(~f(~~ ~hlS M\,\tlj{i~t;:- ..h~(oo.tmHeJ ;it ;onl)' Iltn~~
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