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<br />83-004716
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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insuranee 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 Borrnwer leCured by this Mortgage, Unle.. Borrower and Lender agree to other terms of payment, such
<br />amounl$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 ti"", on mll.tanding principal under the Note unless payment of
<br />interest at .uch rate would be contrary to applicable law. in which event such amoonts shall bear interest at the highest rate
<br />permiulble under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any e.'pense or'take
<br />any action hereunder.
<br />8. -..-...ctimt. Lender may make Qr cause to he made reasonable entries upon and inspections of the Property. provided
<br />that Lender shan give Borrower notice prior to any such inspection specifying rezlsonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. COllde~ The proct."Cds of any award or claim for damages, direcf or consequential. in connection with -arty
<br />condernnaticm or other taking of the Propeny, Of part there.of. or for conveyance in lieu of condemnation, are hereby- as..~igned
<br />and shall be paid to Lender.
<br />Tn the eve,,' of a total taking of ,he Property. the proceeds shall he applied to Ihe sums secured by this Mortgage,
<br />with the e~ceu. if any. paid to Borrower, In {he event of a partial taking of the Property, unless: _ Borrower and Lender
<br />otherwise agree- in writing, there shalf he applied to the (j,um~ :SeC!lrcd hy this Mortgage such proportion of the proceeds
<br />as js equal to that prC'tpOrtion which the- amotlnt of the sUm~ secured hv thj~ Mortgage immediately prior to the date of
<br />taking bears to the faiT market value of the Propertv immediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by B(lrToower. ('If if. ~lftcr notice hy Lender to Borrower that the condemnor offers to make
<br />an award or settle ;l claim (or damage..~. Borrower f,lib; to respond to Lender within 30 days after the date such notice is
<br />ma-iled. l.ender i~ authorized to coll<<t and a.pply tht7 proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums steured hy ~his Mong3gc
<br />Un~il;; l.ender J.nd Bo-rro\l.'n OIherwi"t' a~ree- in wririn~" ,10\' 'iuch application ("'If proceeds to principal ~hal1 not extend
<br />or p<mpone the due date {'f rhe monthly inuailments rderred 10 in pa.ragraph~ I and 2 hereof or change the amount of
<br />such instaUmtnts.
<br />ID. Borrower Not Rt-leasetl. Exten~-ion "~I the WllC for paymern or mooifkatiol1 of amortization of the sums secured
<br />hy thi!!l Mortgage gr:mted hy Lender tl\ ~\ny ...ucccs.....)r in jnterc~t pf HOITO\H:T shall not opemte to release, in any manner,
<br />the liability of the original Borro\\'er ;md Uorwwe-r\ :.uc,C':s:~(lr.. in interest I.coder "hall not be required to commence
<br />pr~ings a8:ain:\t "i.uch iuCCM;SOf or reCu\(' tfl extend time for pavmcnt (If othc("\\'j,c !TIndify <lm(')rllzation of the sums
<br />~,::,,~-M4\n~~~,~ ,)f ;~ny dcm;i.nd made l'1v the ~)ri!!inat B(lrn)WCr _ and Bflrrowcr's slIccessors in interest.
<br />~'11t..,.____"'~.iiIL5Iij r~Not.. WaJvn. An\' fl\rh<:ansnc(O r.v I_cnder in l'Xt~fI..'I.'smg un\" right or remedy hereunder. or
<br />ottlerwiJi atTo-rdC!!Ct"'by apPfkahle rB;W" "h.iH fH"l! he a Wan.'t"f nf \)r preclude the C\crdse (\f any such right or remedy.
<br />'Tbt: prdct'u~t M;tU-utance or tfire paVmt"nt of f;lXCS- 0r flther hem or charge,", hy Lcnd(.~r ..hall not he' a \\'aivt:r of Lender's
<br />righi to' .ole-cefera'te: the maturity ;)[ the- iOdchtednc-~~ ".('",,:un:\! h~' thts Mf~rt{:a,2e.
<br />12. R.ntrdies CURlulafhor. :"U remcthe.. pr,'vldcd in thi.. ~h~rt~3ge ;Ht: di'ilintt :md ..:umulative 1(1 JUlY \"'llher right or
<br />rt-~dr under this Mortp~(' i.'-f atf(l-rdc-d ~.. law ()f \"';.luity < ;md mav ht" !",(C'l'ci<:<.:d nmnll'rC'nlly, independently or s-ucce,sIvely,
<br />.3. ~nson'" Aatcm Bowttd; Joi". and SeH"-raI t.iabilit.r: ('8ptJon.~. The ~ovel\ant5 and llgreements herein
<br />conlafood :shaH hind. and tht- ri~hh hel'Cundct ..hall Hltln~ Hl, lhe rt~...pedJve !ou~'ce~:..or-.; and 1.lssigns. of Lender and Borrower,
<br />:\ubJ~l to the pnwjsi"-"\f1.\ of paragf.lph 1 J hcn::'!){ ,'Ii ..:uycn.H1h and agft't.'tnt."nt, nf BOf!f.wcr shaH be joint and several,
<br />The capuQ'\\. and he-adinp of the i"tat~gfaph. A lhh .'t.)rtg,J~{" Mt~ fl'f ('om'eOlen,,-'~ (\nly and are not t~, he ured to
<br />int~f'!!'rel, Qf' d(:fjn~ the pr')\'tsl(l-n~ hen:9f.
<br />'l~ NOfiee.. Except fOf any !WHee Q:4uired lJnd~1 ~Iprlirilt>k b~ h) he' gi.,...cn l!) another tnanner. la) any notice 10
<br />Uorn~wcr p-ro\',dcd for ift rhi~ Mt'ug.age ..hit.!l k" given oy m<Ji!il\~ "Hd~ llllnl.:~ !,y ,-'eltlfte-d flUll :aJdr~s..ed 10 Borrower at
<br />rh< Pro-pr.::rty Addre-.~ or at <",Kn ,--!ther ,l:Jdrt"''' ;.... n\)rfl"""-t.~t Ill:~\-' dt.....t~tlllh:' h-v Iin!k:~" to l cnd~f .15 pnwided herein, and
<br />{b) any notiCe;" 10 l.cudCi !\.haH he gi"'~f'! O} \,-endk....l m,~d. return rct:~lr-I feque,'~d~ in Lender'" Olddre!l's ~taf\':d herein or to
<br />lOrn;::n Nher addre-~.. il!i. Lc::'mkr may dc..ignale h-v llll-!to:e ll~ B.)fw.....t..r ..... NOV!\kd herein. Any Tll\tke provided (01' in this
<br />Morfgage s.hilll ~ d<<rned h' h;,1"'t.~ ~fl jU'n:'!1 l{l Horrn-'"-'cf (!I t I:ader \\ nt-'f! g!\cn i'l the manner des.ign;th,~d herein.
<br />IS. lJdera~;; {rln-<<8ifia: I.iili,,": ~\'t'f~, rhj,. hnm of Hltlngaitt' ..:nmbin~$ nfllfoftn ((lvena-ni:o. for national
<br />use: .and non'unifoml ';,)\'('lhHH:<. ""ito limitt~~l \.Hw!lUll," 1'\- 11l1'I~dH,::I1._lfi ,n (;l1nstifHle a uniform >;'i;'\.':\Hity ill'\trument ("(lvering
<br />rea) pt'opcrt!". Tlll\ M0rtga.l(.t! ...hall Or ,\tf'~-Crrh~\f h, l~ l.\w ,.,J lhe tUih\h('uon in which the ProJl('rty i", located, In the
<br />evenl that any pn.Wl"ilnn ~'r i:hw~ ",f {hh .\h~ng,isgt: ,'f !he Nn{c (',~Ilth"l.' ,\.irh ;ip-plit,thte law, '>th_:h n...oflict ...hall nnl affed
<br />(,)fMr pt-,wi,if---fh l.)f fhi5 M(lrtgag~ ,'t the- S~H~ ~"'lidl ,,:all he ~~wen dIe,,:! ~"'llhOlll lot' ~:{)flfllclin~ pnwi"ion. and f('I this
<br />end the- pn.lYls.I"'Ib n( !Oe MonJtatJC" and th(,' '..,tc Me ..k1.:liHl.'d It, r.r '1:'\'C'fOthl~,
<br />16. llorro_w"1; Cop" 8offtl\oIl'1:i ~haU ~t' funWihcd .l (\.lnt'nrmed ;,;-np'.< (If th~ Ntitc imJ of thi~ Mortgage at the time
<br />\).f CXCl:uti\.')ft ;)f ~dtcr rC\:Mdati()O her('\')(
<br />11. TraMfff of thl- Property; AiStlmpttoft. h &H or .ill)' pMI of th-e f'roPO:lh ur an inlete~il therein is sold or transferretl
<br />by 8orrow-tr withiMH l.c.'!l-J~f'S prIOr writh..'u ':<\fl~tlt, ex..:1Ut.iing l~ll t~ ..n.:Jtinn flf ;", lien PI' encumbrance suhordinate to
<br />tbl:i. MNtgage. fh) the ~feah('Iti of ;1 purd1ax mon<-" ":CI..'U{i{\ iIllCfcSI fPf hOl1~dwld appliam,:c$-, tc} a tnU1sfer hy dcviSK,
<br />-descent l,.)f by o-pcratloo -of lav. U~1O the dealh l,..l{ <lJolllr Ic-Uant {If l-dl the gram of any I~a~,hold interest of three years or Jess
<br />not cOtltain~". an option hl p-ur\..has.e. Lender mar. J1 I cnder's ,'ptnm. deodar.:- ,ill the ';'UlTI'i secured }-1.y this Mortgage to be
<br />immtdi-atdy due "'00 pAyaPk-, telH.ie-r ~han t,i!'-'e ~~.ti\'l;d 1',,:~h.:h (lpiH'lil to ;lc;.;-t,,:lerOlte it, prior lO the ...;tle ''If transfer. Lender
<br />aM lhe penon to whom the Propert)' i, 10 be ...Old (~r tr<1n~{efr~J rtach .I-s:rc~mcnt In \I,Tlting that the t;redit nf su;.;h persnn
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<br />~h.>>7':~? ~~ t:::~ ~ ~~~~,~~ J:t:~~~i~~fr~~~~~~~~r~~ ~~~:~i~~U:~:rl{h~~- ~i:a~:~~l:~g~~~ ~~1~! !(B~;r::.!~/t:~~~e~'s:~d7I:
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<br />inte:reu hilS excculN a \t,,-rinen ;u..,umphon agr<<.mcm a..:"cepted in \o\.'ftling hy Lender. f _ender "hall release Borro-wc-r from all
<br />oblip.t...",s urlder ,bu; Mortgage and the N~"e.
<br />If Lende-r exef~.is.t$ "uch {.p-tiotl to. 3ct-ekratc. Lt'adcr "hail mail BOrrOv.cf l"hJtlce of <1~-\."-t:leration ill w:cordancc with
<br />plla,raph 14 heteot Such notice ,hall PWIE'lUe ~ pcri~>!'i of niH Jl",h than .10 Jay,:- (Wi'll the date the notk'c is. mailed within
<br />wlUcb Borr-dwcr lthtf pay tbe SoWH:;. declared dl:lc_ It BUffO.... cr f,ljt~ 10 Pit)' ~u(:h "itHR" pn(,r to the cxp;rati(~n i....f ...uch period.
<br />L,mdcl,tft4y. wjthoot further DOljce or demand Dn BOfTV'<\'u. ImT)\"C -any l"CmCdfCS t>effillUed h}' paragraph is hereof.
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<br />NQN~UW!f01tM C(WJ!l'iANTS Boff,",'lw-er ~nd l.ender lunhef ~:(~VeniHH and a~n,x' a~ follows:
<br />I" ~ --...... ~eqN "" p....id<od In par"lVllph 17 h..."r. upon Bon"..<r'. bmo.h "r any <0........' or
<br />~ ;4 ~.u '- .'* Mo...... indudlDl the Cfn,fdIlU'!i. tn pa)- when due liU)' :\utw. !i<<dte4 by ttds ~tC)rt&age~
<br />........ PlIo< to ~.. mail......... ,.. Bono..~~ .. pro\i<i.... in _,,,pit 14 hUNf .p.dlylng; (I) the brt-ac":
<br />11)...... ........1.. ~ _ll......1I; (3) . cIale, ....1 ...... lban .lll day\ Ir..... Ih. .llde I"" notke ,\ 'n"lIed to Bo'ro....,
<br />.., ~ ..lNuth ..... lie <GmI! ...01(4) th,,1 18lI1l... 10 <M... _h brt-...'II ..n '" bel"", ,he d.le _Ilied In III. notk.
<br />...,__..~ofll......... _eel.., 'hlo M"""".. ................. b) judlclal_"""'''Iand.. "llhe PfOIMrty.
<br />.......... -..1wtMr btf_ ..........., of tIMi riaM ro .....w~ lIflet ac.......... and the riallt 10 _rt in ,~ '_.........
<br />~'"~ <rf." ddlltoli.... "",ot..... def._..1 Bono..... 10 ace...'....... ud 'o...d....."" If I"" brt-ach
<br />It!.. ..... -... ..._ ,ho dal. ..-llled iii ,... IJ(ltk., !At..... al I....,'" ""'..... m"y ......... .11 u! 'h. ._ .""..mI by
<br />-~"IIo~"",.. _~""""..lIllout f...1.... ""........ _ may fo""'..... by judkW p""'....i.., t.""",
<br />........... to......,., iA ... ..........all npo_ 01 1_.......... j""Wdltra, ....1 ...., Ifmil.d tu, e_ of dot..__.y
<br />..........~.... -..-.
<br />It. ~.. t..~ N()twjt.h:~_.Q:nd:ing 1.~MCf'7; ,!t;('e~filH('-" ,.f 1he '>ut'n:s ~-e",,'ur('d by tht~ M\lftg.:.t~~,
<br />IuttOW:n Jl'taJl~, tb. o,hl ~o 1\.,"", -Buy pn~t;:~lfip: tJCittU-~ h;' L-en-dt', t,(_~ -t:nt.:~"t~ tlll'~ \,1-nn'!f*#f.:' ~H~4,;-~>tlHn:HN tH an,!, Hm~
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