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<br />83- 005177
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<br />f.~ndc(;.; wnll..:n agrc~menl or applicable Jaw. Borfov.'cr shall pay the amount of all rn0l1gage insurance premiums in the
<br />manner providL'J under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant 10 this paragraph 7. with interest thereon. shall become additional
<br />indebtedness of B{lrrowcr secured hy this Mongage. 1 lnles!> Borrower and l.ender agree to other terms of payment such
<br />amounts Shltl-I he payable {lpon 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 time on outstanding: principal under the Note unless payment- of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law, Nothing contained in this paragraph 7 shall require Lender to-incur any expense 'or'take
<br />any action hereunder.
<br />8. Inspection.- Lender may make or calise to he made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior- to any such inspection "ipccifying reasonable cause therefof related to Lenders
<br />interest in_the Property,
<br />9. Condemnation. The proceeds of any award or claim for damages, direct Of consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof. or for conveyance in lieu of condemnation. arc hereby assigned
<br />~nd shall be paid to Lender,
<br />In the c"ent 0f a total taking of the Property. the proceeds ;,;haIl he applied to the sums scenTed by thi!{ Mortgage.
<br />with the e'l(cc<,:s. jf any, paid II) n0rrnwcr, In the event nf a partial taking llf the Property. unless Borrower and Lender-
<br />otherwise agree, in writing:, there shall he applied to the sums <.;ecllrcd hy this Mortgage stich propor~ion' of the proceeds
<br />as is equal to that proportion whi(.'h the amount of the "un,,> "icctIred hy this fvfortgage immediately prior to the date of
<br />taking bears to the fair market value of the Pf0pcrty immediately prior to the date of taking. with the bat:mce of the proceeds
<br />paid to Borrower.
<br />If the Property is ~lhandoncd h\' Borro\l.'cr. or if. after notice hv Lender to Borrower that the condemnor offers to make
<br />an award or settle 'a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is allthorized to collect and apply the proceeds. at Lender\; option. either to restoration or repair of the
<br />Properly or tn the sums secured hy this !vfortgage.
<br />Voles,> Lender and Borrower otherwise agree in writ in!!, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments r~f{"rrcd fO in paragraphs I and 2. hereof or change the amount of
<br />",Itch installments.
<br />10. Borrower Not Released. Extens.ion nf the lime for payment or Il1ndification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any stlcce:>.snr in interest ('If R(lrrOWCr shall not operate to release, in any manner,
<br />the liability l)f the original Borrower and Borrcw,:u's SIlCCCSS\)fS in interest. Lender shall not he required to commence
<br />proceedings against stich "tlCCC'i!';or \'f refuse to extend time for pavmcnr \)r otherwise modify amortization of the sums
<br />secured hv this. M0rteage hv reason of :1l1V demand made hv the t.wicinal Borrower and Borrower's SHcceSSOrs. in interest.
<br />11. -Forbearanc-;; bv L~lJder Not ~l \V~iv(>r. Am; fl'rhea~ancl' h\' T-ender in exercisinl:!. an\' right or remedy hereunder, or
<br />otherwise ~ifforded hy ;:;pplienble law, shall nM ht: a waivcr (If {;r predude the c.xcr~ise "(If ~lOy such right or remedy.
<br />The procurement of insurance or the pavmcnt l\f Ll\C\ tlr ('Ither liens i,lr char!!cs hy Lender shall not he ;1 \l,:aivcr of Lender's
<br />right to accelerate the maturit\, ,)f the indchtcdnc!'s ,",ccHfeu bv thi, ~fortgai!:e
<br />- 12. Remedies Cumulative, All remedies provided in l!{i" l\'1ortgaf!~ ,~n' distinct and cumulative to any other right or
<br />remedy under this MOrlg:Jge or afforded h' law \'r equity, :md may b\' l'\....rci'\eJ l,.',Jflcurrcntly, independently or successively,
<br />13. Successors and Assigns Bound: Joint and SCH'ral Liahility: Captions. Thc covcnants and agreements herein
<br />contained shaH hind. and the rights hereunder 'ihall inure In, lhl' fL'~pJ.:('ti\'t~ S\l\,;~c<';S{lrs and as~igns of Lender and Borrower.
<br />'iubject to the provisions of paragraph 17 hereof. \Ii covcnants and ;q:reernenh of Borrower shall be joint and several.
<br />The captions amI headings of the parLlgLlph... of thi... \fortgagc are ft)!' convenience l'llly and are not to be used to
<br />interpret or define the pf(l\'isioll~ hcrcl'f.
<br />]4. Notice. Except for any notice r~qtlirl'u under ;:ppIiClbk Ia\\ In bl" given in another manner. (a) any notice to
<br />Borrower provided for in [his ~'1orrga~t.: ,hall he ~!jh'n by mailing <,u..:h notice l-ly cenified nlJil addres<;cd to Borrower at
<br />the Property Address or al stich olher addn:...." :j~ BI}["rnwcr rlL\\' de'i!.l:m:He hy ntlticc to Lender as provided herein, and
<br />(b) any notic!;,' 10 Lender shall he given hy certified mail. ro:ltlrn rcc~~pl f/..'questcu. w Lender'... address slatc-d herein or to
<br />stich other addres'\ ~~s Lender m01! de...ignate h~' nntict: h> 80!T\mtT ;h pnwlf.kJ herein Any notice provided for in thi5
<br />Mortgage shall be Jecmed to ha\-c Mecn glv~n to Borrnwt.'f or I.l'ndcr v,,'hen given in the manner designated herein.
<br />15. Uniform l\lortJ;:32e; Go\'eminj;t Law: SeH~-rabi1ity. Thi.., ti'rm ~,f m()ftgag.~ combines 11l1iform cnvenants for national
<br />use and non~uniform covenants \l. ith limited '..-;".iiltillO~ hv l\lrl..didi~'fi III ;.:onstil\f{C a llnif0rm sco.:uflty instrument covering
<br />real property, This ~1ortgagc shall be governed hy rhe'law "f the juri"diClit'O in which the Property is located. In the
<br />event that any provision l)f cJau~e l,f thi" Ml1ngagc ,~r lhe ;-";(l!C >:l'nllich \\ ith applkable law, such conflict shall not affect
<br />other provisions of this \'1ongage or th(' N()te \\'hl(h (:Ill h\.' gi\'cn dreet withollt the ('onfticting provi<.:ion. amI 10 this
<br />end the provisions of the Mortgage and the "\\\t(: ,He dl',"'lar~d tt, b~ "evcrabk.
<br />16. Borrower's Copy, Borrower -:;hall be f1lrlll...hcu a \',>Ilfllrllh:d copy nf !he-Note and of tliis ?\-f~rtgugc at the time
<br />of execution or after recordation here-of.
<br />17. Transfer of tbe Propert)': Assumption.. 1/ all l'f any r~;irl of !he Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written l'l.lnSClll. l~\cludifig !.t) the at.:atitm of a lien or encumbrance subordinate to
<br />this Mortgage, (h) the .-:rcation pf Cl pllrdla~c !lhlIH,~;.-'- ..;,(;-curil~ lilH:'rcst fnr household appliances, (c) a transfer hi devise,
<br />descent or by operation of ia" upon the death .->r a j{)lflt lenant ~~r (j) IRJ grQrH iJf llR_. JiJRfi3ftilld !RHlUGt ~f tRT89 ~ sara ar JaiiE
<br />P'ti't ':"1PtaiAiv8 ilfl i,tiilR tJ InU~RJl&g Lender 1l1i.'IY, at I.ender'." l)ptlon, declare all the sums secured by this. Mortgage to be
<br />immediately due and payable. Lender s_hall have waived su..:h opti\)O to accelerate if. prior hJ the sale or transfer. Lender
<br />and the person to whom the Propeny j" to be soJJ OJ" transfcrr~d rt"ar.:h agreement in '''Tiling that the credit of such person
<br />is satisfactory to Lender and that the inien;:\t payabk on the ~lIms sel.'tlred hy {hi..;; ~-t0rtgagc shall be at stich rate as Lender
<br />shall request. ff Lender has waived the option :0 ,:t(,,':cc!erai"" provided in this par:.igraph 17" and if Borrower's successor in
<br />interest has executed a written assumption agrcernent ac\.~cpteJ in \~ritjng hy Lenuer, Lender ,hall release Borrower from all
<br />obligations under this Mortgage and the Note
<br />If lender exercises such oplion to accc,icralc, Lend~r ....hall m<.lil BOfl'owcr notic..: of ac~:c1eratj(ln in accordance with
<br />paragraph 14 hereof. Such notice ::;;hall provide a perlnd pf ih)t leSs. than 30 Jays from the date the notice is mailed within
<br />which Bgrrower may pa,' the sums declared due. If Boroo\\er f,-lils TO pay "u....h ...ums prior t(, the expiration nf ~uch period.
<br />Lende.r may. without further notice or demand on H-orrower. JnvoJ..c 311! r~m~dics permitted by paragraph 18 hereof.
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<br />NON~UNlfORM COVENANTS. Borrower :Ind Lender further ':OYCnall( and ag.ree ;.1:0; follows:
<br />,1'8. ~c~ra_tion; Remedies.- Except as provided in paca~r.aph t 7 hereof. upon Borrowcc'.!I breach of any covenant or
<br />.acreement of Borrowe~ in this Mortgage, including the ('o\'enau13 to pa)' ""'hen due }In)-' sums secured by this ~lortgage.
<br />LOUder prior to ac:celeqtlon shall mail notice to Borrower as pIO"'ided in par~raph 14 hereof ,fi:pecifying: (1) tbe breach;
<br />(Z. tbe ~n requJftd to, (urt such breacb; (3) Q date. nol less than 30 days fnun the date the notice is mailed to- Borrower.
<br />by wbl,t::h. su~b, bt~h Inust be cured; and (4) 'hat failure to ('ure such bread.. on or bdore th~ dat,e spedfied in the notice
<br />may remdt in accele-l1Itioo of the- .sUUl'" secured bJ.' this ~t(u1gaJite. foreclosure by judicial proc&!e{Ung and sate of the Proper-t).-.
<br />The notke_ shall further inform Borrower or the right to rein5>tate after ac(,'clccatwu and [he ri~ht to D..tt...ett in the foreclosu~
<br />,tocecdia& ~k A~J:istence of a default ur Bny othe.r dt-fea~ of Borrower to acceleration and foredmUfl'. If the breach
<br />is-uot cured oPenr bet"," tbe date ~ptcififll in tbt" n()tice~ Lender at J,ender',lJ option IMBY declare all of the SUIlb S<'t'ured by
<br />this M9.-tp-ge to be immediatel~' due and ptt)'able withouf further de,maud and D1-a~'- fotcctos€' bJ judicial pnJ'Ct:eding. tender
<br />JibaU bt- eitUtted tu ('oiled .in soch prtK'~tdin& an eXfK'n~'\ or for~dn!l>nrc. indudin~, but not limitt'-d to, ('o~ts lIt tlocmncohU)
<br />..l<kmce, .(..,,<'\< ....d lid. ..port..
<br />19.. BoHOWt'~!ii Rlaht to- Rebul1ate. NO{\'i;lhst:lo<.hng Li,:mh;-r'~ ;u:c..::h'r a,{/I.'H ,J!' ih;; ..,mn" ;,.;:dift'ti hy thi.. M.,xtg,q;t:.
<br />Bo((owtr shaH halie- the ri{t.hl 10 h;n-'~ .\1';)' p(r;~l;'edinw. bc-gUfi h'f- ! ~fHlcr {d <,'flfnfd' !1m \1',lil~a!,~i: ..h-,;.:'nl;n'l;..'J ..It <AnY tnlii:
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