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<br />83- 005157
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<br />Lender's written agreement or applicable Jaw. Borrower shaH 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. Vnless Borrower and Lender agree to other terms of payment. such
<br />amounts shan be payable upon notice from Lender (0 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 he contrary to applicable Jaw. in which event ~uch amounts shalt bear interest at the highest rate
<br />permissible under applicable Jaw_ Nothing contained in this paragraph 7 shaH require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonahle entries upon and inspections of the Property, provided
<br />that lender shall give Borrower notice prior to any 'iuch inspcctit1n specifying reasonable cause therefor related to I+ender'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 Property. or part thereof, or f()r conveyance in lieu of condemnation, arc hereby assigned
<br />and shall be paid to Lender.
<br />In the c"'ent of a total taking of the Property. the proceeds shalt be applied to the Slims secured by this Mortgage.
<br />with the exce~s, if any. paid to Borrower, Tn the event of a partial IHking of the Property, unle~s Borrower and Lender
<br />othCN'ise agree in writing. there shaH be applied to the c;lIms secured by this Mortgage such proportion of the proceeds
<br />as is equal to thut proportion which the amount of the sum.:: secured hy thi"i Mortgage immediately prior fo the date of
<br />taking bears to the fair market value of the Property immediately prior to the dafe of faking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. ("If if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Borrower fails In n."sp..)nd to Lender within 30 days after the d:lte such notice is
<br />mailed, Lender is authoril.ed to colleer and apply the procec:ds, at Lender's option. either to restoration or repair of the
<br />Property or to the sums secured hy this ~-fortgage.
<br />Unless Lender ..tnd Borrower otherwise agree in writinf!. any slIch applic:uion of proceeds to principal shall not extend
<br />or postpone the due date 0f the monthly instaltments rderred to in paragraphs 1 and 2 hereof or change the amount of
<br />~uch instaltment~.
<br />to. Borrower Not Released. Extension i.,f the time for pavment {"If modlficatlon of amortization of the slims secured
<br />by this Mortgage granted by Lender to any succe~sor in inten'sr nf Borrower shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower'", successors in intcrest. 'coder shall not be required to commence
<br />proceedings against such Sllccessor or refuse to c<;;;tend time r0f ravmenl ('Ir olhen-vise modify amortization (If the sums
<br />secured hy this Mortgage hy reason ()f ;Jny demand made by the original Borrower .llld Borrower's- stlccessors in inierest.
<br />11. Forbearance by Lender Not a Waivt"r" An\' fornearancc hv I cnder in c.xcrcisimr an\' right or remedy hereunder. or
<br />otherwise afforded hy applicahle kl.w. ..,11<111 not he a waiver of ('Ir preclude the CXl.~r~jsc of .my such right or rcmedy.
<br />The procurement of insurance or the payment of t01'\<:" ,'f N_her licn'\ or ('harges bv Lender shalt nol be <l waiver of Lender's
<br />righr h' accckratc the maturity of the lndehtcdl1c,~ ".....:uft?d hy Ihi" Mortgu)?c,
<br />12. Remedies Cumulative. All femedies proVIded in !hi, M()rt~agc art" distinct and (,umulativc to any other right or
<br />remedy under thIS Mortgage i.'f afforded hv law ('Ir C'lftlHY, Mld n1fJY he e\erci:-:\."d .:oncurn'ntly, independently or successively.
<br />13. SUCCf:SSOl'1i and Assi.xo-s Bound; join. and ~\'l'ral Liahility-:: Captions, The covenants and ngrccments herein
<br />contained shaH hind, and the- rights hereunder shall inure tn the- respc~:IIVt" ~llt;\:C~S,-)f"S and <I..sigm of Lender and Borrower,
<br />subject to the pr-ovhions of paragraph 17 hen~of. Ali (ovt:llanls ::Hid agn:emenh of Borrower shall he joint and -several.
<br />The captions and headings of the paragraph.. of thi'l \-1ortg~-1g\.' an' f;:~r convenience ;)nl~' ;lrHi ~m: not to he used to
<br />interpret or define the pmvis.ioo'l h~re(lf.
<br />14. Notice. Ex.cept for any notice required under applictblc law to he l:!ivcn in another manner. (;1) ::wy notice f0
<br />BornJwcr provided for in this Mongage "hall he ~1\'~O "by m;ljlin~ ..u.:h IH.'tice by ~crtifh."d mail addressed h' Borrower at
<br />the Property Addres\ or at ~u~h l)ther ;.ddn:~.... ,\5 B(\rr!iwer m;~y dc\'!gnale hv notice to Lender a<; provided herein, '-Ind
<br />(b) any notice to Lender shaH be given he cC!'!itkd rmul. ll'lnrn Tt'(\.'lpt ff.:qtH;:"ted. In r _cnder\ address Slated herein or to
<br />such other addrc5$ as Lcnd~r Hl;ty de'ii~na{e by noti...:c !n BOT nrl.ver ar. provided hereIn. Any 1l\}lke provided for in this
<br />Mortgage shall he deemed to have been given 10 Il-orrnwr:r or L;:IHjCt v.hen given in the manner designated herein,
<br />15. Uniform Mortg.age: Go"ltmillk 1..8,,": ~n:rabiJjt~, n-:i'l tnI'm l)f InDr1gagt:- \.'nn1hinc~ uniform covenants for national
<br />use and f1on-unifoml coyenanls with limitc\.l v;-\flatiom h,,, j\lri"diCIIC!l1 10 (0nstitute ,l unifonn security instrument covering
<br />real prop..;.rty. This Mortgage ,hall he govl'fllcd h:.-' lhe Ja..... of th~ juri",l.hc!ion III \vhkh the Property i.. localcd. In the
<br />event that any provislOll ~')r dau-.c of thi.. Mortgage {lr the ~~'tl; ("(Inflict<. ,,~'ith ;lpplical1le law. "lll.::h l.'onl1ic1 "hall nm nffect
<br />other provisions of thi'\o. MOr1gag~ ur the Not\.: "vha.:h ,:an he glVt:n dIce! withOll! Ihe i.:ont1icting pnwhion, and h) this
<br />end the provisions of the Mortgag(,.' .ilnJ Iht' ~(\t.: "fC d('cLucd It) }-Ie ',everahlc.
<br />16.. Bonow;~r's COP).. Borr..w.'cr "haJJ I~c r'urnl~hed " ,:~\nf{mHCd enpy of the NOh: ;md of !hi.. Mortgage al the lime
<br />of execution or after rc.;ordadoo hereof.
<br />17. Tnnsfer of tbeo Properly: As-~umpri(J-n. If all pr any. pint of the Property m. an interest therein is sold or transferred
<br />by Borrnw~r without I..ende-r'~ prif1r written L\1Ih..~nt. i,?\:duding lui the nc~\tion {,f a lien ~')r cn.:-umnrancc suhordinate tn
<br />thIS MOrlgl.\gc. {h~ the acation of ~l. pur..:ha:.c mc'rwy "cLlll"ity HHerC'_\1 f.)r household appli,lOo,:s, k) a tran.,kr hy devise.
<br />descent or by operaiion of 1.1.'.\ upt,H1 Ihe: dt.'alh I.)f ~i iomt kn~ml 01 ~d) {h(~ gr<int of any leasehold interest of three ye..lr'i or Ic'is
<br />not containing an option to ruri..~hase, Lender may, :!t Lendc-r\ optIOn. dedare all tne sum". secured by this Mortgtige tn he
<br />immediately due and payable. Lender ~haH have .....Hv(.d 'i1l1.:h ('PI ion 1,) -il.l.xckratc if. prior tn Ihc- ,ale or transfer, I.~nder
<br />and the per5()O !O whom the Pr()~rty i~ tv be sold I}r Hansferr...d rCi-Kh agrc\."mcllt ltl Writing Ih,,! thc credil of such person
<br />is satisfactor)' fl1 Len-der and i:h:'H [he intcrcs-t payable un the ,>urn., secured hy this Mortg<tgt': shall be at such ralc a<; Lender
<br />shan request. If Lender h,"-$ w:aiveJ the l.'prlol1 to Jc;.:c!cr,lTe rn_wjJt~J in thi~ paragraph 17, and if Borrowcr\ sU':CC\S.or in
<br />interest ha~ exe(:uted a written assumption agreement accepted in writing hy Lender, 1.ender shall rt~lc~t~e Borrower from all
<br />ohtigatlons under this Mortgage and the Note.
<br />If Lender exercises such ('ption lo accdcr~rc. I.t:nder ..h411 m;'il! R\Hrm~er !loti,:c (,f a.:.:clcralion i11 .K.::ordancc with
<br />paragraph 14 hereof. Such notice shall provide a period of n~H less than -'0 d~iY' fwOl the d.Hc tht' m,{i..." i" mailed \\;Ihio
<br />whic!l Borrower may pay the sums declared duc. If Borro",er !;!ih. !n pay 'iuch ~llms prior tn ihe cxpirati,m of ",uch period.
<br />Lender may, without further notice ("r demand I.m Born,w.cr. invd..t; any n,"medies j11.'rmitteJ hy p~ragraph IS hereof.
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<br />NON~UNIFORM COVfJ'.;^NTS, Borrower anJ Lender fllfthe! CQVt:lli1l11 and ''i~n..''t: ;~:> fnHow:,:
<br />18. A.cccleratitm; ReR.1edies. EJ;cept as provided in parU2raph 17 hef~-ot upon 8~nTO\Hr-"s brea(h of any covenant or
<br />1ICfftQleet o-f ,BorrtJwer in this Mo.~e:, indudina the ~~o\eJumtJo. 10 P~l wb~n due an~; sum~ ~cu:red by this Mortgsjjtt!.
<br />t~c prior to arteleralioo shaD 'naillwli~\' to Bo-rro'Wer as pf()\id~d in panJ;J!:raph 14 hereof ..pedfyinjt: (l) tht' brt'acb;
<br />(1) ihe _n'tloa: rtquiftdto (:u.-e MKh breach:; (3) a date~ not It"ss UUI" 30 days from the date the notic~ is mailed to B-uno-wer.
<br />by 'Whicb, sach bRae... nw:st bt currd; and (4) .bat failure fo cure ~u('" hreseh on or ber.lf\" the date ~ci6td in the noti-cto
<br />~ ,..tth lJlll<<C'~ o-f the sttm~ .seetueit bJ this \"o.rtgllK-et foreclmure bl judicial pro('~eding: and sale ol the Properly..
<br />',11te -notke_-dtaU furtIIe.r-lafofrn B(H'lU:W~f of 1M right to reilliilate a'le_r ul~{d~"'at-iun and th~ ri~ht to ~eri in the fnffi:)osure
<br />prOf.-.diaa_-tht ~.bt.t'iK:t t.d .. default Of an)' olher dd(/:R~ of 8orro~(?.. ta -3t'Cd~Clllion and for("dosurt~ If the b"~lI(:h
<br />it DOt c-~ -OtJ Of' .ton 1M dolt ~d:fiN to the noti4.'t'~ Lender .&it t.ender'~ option IfUI)' de-Ifhrf"e aU of tb~_ sums secun.d b)-'
<br />~ 'Mottpae to be iaamediatdJi. dlM" uti pa,iibk with.,..... fUrlner demand and 6UIJ' fo-ndn~ b~' judicial prOf,.'t"t'ding.. Lt"ndt'f
<br />..ll,bt: _kIed kt ('oIlect in s<<:h- PfiK'~ aft e--~F"fflieS of fM't"dosuu. im-tudiDl. bU1 nOl thuft-e-d f01 ('lMS< uf dtk'tlln(nhlf)
<br />nWcllu. ...,..... llll!l !Ill" ...........,
<br />19., .........1'", .Iebt tu lttJ.m.t/lt-tt. SUlwith;.Hmdiflg J ~n-dt-(" ilo.-'."('!aall(l!'l ;\1" Ow ",\!Im ..;c....-un:'d b.,- ~hi" I'thJftj,!,igC.
<br />tlm:_tower ~.n havt' ttx: rl&:h1 10 have \tn-y p-ro,n:ed"ifii-"' h~J1H1 ~y ! Knd-er tf! t:ltf;)f\.~" 111n. \1Un;,.lgt dh..(\!~tw\!<.~d ,i\ MlY \1IH-c
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