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<br />83- 005268
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<br />Lcndc(~ Wrlll....n agreement or applh..':ihlc law. Bormwer shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under -paragnph 2 hereof,
<br />Any amounts disbursed by, Lender pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indebtedness ('t( Borrower st..'C:Hred hy this Mongage. Unless Borrower and Lender agree to other terms of -payment. !Ouch
<br />amoll:nts~shaU -be payahfe upon notice from- Lender to Borrower reque..ting payment thereof, and shall bear interest- from the
<br />date"C)f ~U!i;hllr!\ement at:thc 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, ill which ,event sllch amounts shaH bear intereSt at the- highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shaH require Lender to incur any expense-or-take
<br />any, action hereunder.
<br />8~ IiI,spedion. -, Lender may make or calise to be made reasclnable entries upon and inspections of the Property, provided
<br />that-oLender ~hall give Borrower notice prior 10 any such inspection specifying reasonable-cause therefor related to-tender's
<br />interest- in the Property.
<br />9.- ,Ccmdemnation. The proceeds. of any award or claim for damages. d;rec-I or consequential. in connection-, with any
<br />condemnation or other taking of the Property. ('Ir part thereof. or for conveyance in lieu of condemnation, are hereby assigned'
<br />;md'shall be paid too-Lender.
<br />In the e\icnt of 'a total taking of the Property. lhe proceeds "hall he applied to the sums- scenred -by this: Mortgage.
<br />~ith the excesS. if any. paid h1 Borrower. In the event of a partial taking {If the Property. lInle!:.s Borrower and- Lender
<br />otherwise agree in writing:, there shall he applied to the ~umc;: secured by thi" Mortgage such proportion of the -proceeds
<br />as is cquaLto ,thnt proportion \vhich the amount of the sUm~ <;ec\lred hy this Mortgage immediately prior to the date, of
<br />taking bears to the fair market value of the Property immcdi;ucly prior 10 the date of taking. with the balance of the proceeds
<br />raid to Borrower.
<br />If the Property is abandoned h-y BMrower. 0r if. after notice hy Lender to Borrower that the condemnor offers to make
<br />an award or settle 3 claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collecl and Hpply the proceeds. at Lcnder's option. either to. restoration or repair of:the
<br />Properly,or to the f.ums secured hy this Mortgage.
<br />Unless Lender and Borrower otherwi,c agree in \vriting. any slIch application of proceeds to principal shall -not extend
<br />or- postpone ihc due date of the monthly installmerHs referred to in paragraphs ! and 2 hereof or change the- amount of
<br />~uch installments.
<br />10. Borrower Not- Released. Extension nf the rime for payment or nlodificntion of amortization of the sums secured
<br />by-this Mortgage granted by Lender to any sm:cessor in interest of Borrower shall not operate to release. in any manner.
<br />the liabililY of the original Borrower and Borrower's successors in interesr. Lender shall nor he required to. commence
<br />proceedings against such snccessor <'r refuse to c_"<tend I ime for payment Qr other",..ise modify amonizaticln of the sums
<br />secured hy this Mortgage hy reason of ;lny de-Oland made by lhe- original llormwer and Borrower's stlccessors: in interest.
<br />11. Forbearance by I.e-oder Not a Wainf. Any forhc:arance by Lender in exercising an\' right or remedy hereunder, or
<br />otherwise ;jfforded hy applicable law, ,hali not he :1 waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment (If ta\cs: or other iiens or (:harges hy Lender shall not be a waiver of Lender's
<br />right to_ accelerate the maturity of tht: indehtcdnc"s. :'\i?l..:ured by !hi, \-f("lnga~c,
<br />12., Remedies: Cumulative. All remedies provided in thi'i Mortgage <lrc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded t"ty law or equity, and may hr..' t:\l."rcis.cu cOllcurrently_ independently or successively.
<br />13. SUCCe!lo'SOrs and .-\ssigns Bound; loin. and Se\eral J.iab-ili~'; Captions. -111r: covenants and agrc_cments herein
<br />contained shall bind. and the right"; hereunder ",hall inure to. [he rc"pectivc succcssnrs and assigns of Lender and Borrower.
<br />subject- to the provisions t,f ptHil,!!:raph 17 hereof All covenants .lOd agrcenlt:nt, of Borro\\:'cr shall he j0int and several.
<br />The captions and headings l.f the paragruph~ of this ~10rtg:agc arc for convenience nnl\' :lnd arc not to he used to
<br />interpret or define the provision.. hereof.
<br />14. Notice. Except il)r any notice rcqllircd under apr1i<:<Iok I:J.\\- to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mongi:lge shall ht' given hy m.tiling: 'lu..:-h notice hy cl:rtified mail addressed to Borrower at
<br />the Property Address or at such orht!f addrcs, :1S Bllfl'ower nla~' de"ignalt~ by notice tel 1.ender as provided herein. and
<br />(b) any notice to Lender shall he given by ..:ertdied Ill,iil. return rt'\:~lpf r<:queslcd. In Lender'" address stated herehi ('Ir to
<br />such other address- as l~cnder may designate hy lwticc to Borrower as provided he-rein. Any notice provided for in this
<br />Mortgage shall be deemed [0 have been given 10 Bormwer or I ~ndcr when given in the manner designated herein.
<br />15. Unifonn 1\-{ot1gage; GO'l,'('ming taw; Seu'rahilit,Y, This form of mong.age combines. uniform covenants for national
<br />use and non-uniform covenants \\'ith limircd \-ari<ttinns hy juri.,didion to constiltl1c a uniform sc{.,'urity instrument covering
<br />real property, This Mortgage ..hall be g<n..:rtted hy the law of the jurisdiction in which the Property is located, In the
<br />event that any provision or c1dll~e .1f thi... Mortgage p;" the Note C{.nl1icf" \\"ith applicable law, such conflict shaH not affect
<br />other provisions of Ihis Mortgage or the N01C whil.,'h (';1n be given ctTect without the conflicting provision. and to this
<br />end the provisions (if the Mortgage and the ~l*3' ;lfC dechlred fI_l be severable_ >~, ~
<br />16. Borrower's Copy. Borwwer "hall be furnished ;J L'()nf'ormed C('py of the Note ;in'!,l~ Q(- ,th:is_ .M<n:!g~~,,~~. ,tpe"Jime:
<br />of execution or a(rer- recordation hereof. ,; ~: ,'L-. .\' ..: ~~:~ \')
<br />11. Transfer of tbe Property, Assurnption. If all or any part ()f the Prnpcrty or an inte+4Sf the(~,.is,1)QJ4.Qr, tran$f~~~
<br />by Borrower without Lender's prior written t'Olll'>t:nL cxciuding (al the acation of a lien .or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase m,lI1cy ':ic~l1riIY Infeft'st for household appliances. (c) a transfer by devise,
<br />d~scent (lr by operation of law upon the uc-ath of a jomt tenant (lr (Ill) tAl groIH gf &A> IlfJoal:1rrlEl iRtarnt ef HUlJtJ; tHUG 9'f 1000
<br />1'--:-. T:" .,:p:rg fI 1I,tin to , liih17t', lender may. at Lender\- option. declare all the sums secured by this MQrtgage to be
<br />immediately due, and payable. lender shall ha\'C waivt:d sllch oplion to accelerate if, prior tl) the sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and lhat the inlerest payable on Ihe ~<lI1lS secured hy this Mortgage shall be at slIch rate as Lender
<br />shall request. If I..coder has waived the option to accelerate providt";d in this paragraph 17. and if Borrower's successor in
<br />interest has executed a written as.sumpfion agreement accepted in writing by Lender, Lender shan release Borrower from al1
<br />obligations umlerthis Mortgage and the Note,
<br />If _Lender exercises $uch option to accelerate, Lender sh.d! mail Borrower nOlice of acceleration in accordance wjlh
<br />~,fa8!"aph, 14 hereof. Such notice shall provide a period of not lc-ss than 30 day.; from the date the notice is mailed within
<br />which Borrower may pay the sums declared due, If Borrov.--;:.r fail:; to pay -such sums prior to the cxpitdtion of such period,
<br />Len<k:r_mar, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
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<br />-~ObI~UN-l~OR~ CoVENANTS. Borrower and Lender further covenant and agree a~ follows;
<br />t&;, A~~D;.Remed1es. Ex,cept as provided in paragraph t 7 bere-of. upon Borrowers breach of any cOl'cnant or
<br />~~~:-of::~o~,,,,ib..thls___M-0d3a&;e, indudtna the Co\'cnants to pay when duc any sums secured by th.i$ Mortgage~
<br />~.~f.,""~oIentdoO: sball.....lI DOtlee to BorroweT as provided in paragraph 14 hereof specifyine' (1) the breach;
<br />(~~""II"'Ye!l..m.4Jt c_SIlclI bteacb; (3) a dale, not I... than 30 days Irom the date the notke is llUIiled to Borrower,
<br />~"JIio:IlJ",,,h ~b'liiB51be cured; and (4) Ibat. fallur~ 10 cllre sllch breach on or before lhe dale specified In Ihe notice
<br />..~.IH...ae.+~ of lhe sam. secured by Ihls Mortgag., (offlclosllre b" Jlldlclal proce<:diugalld sale of lhe Properly.
<br />TIle 1IOllcl>.1lhaIIful:t/lcr .l1lI_ hrro...r of lhe rlghll" reinslule llI,u acceleration and the right 10 ....rt in Ihe fore.""'"re
<br />"............,hltlJOll'eUile!lC<! of . deloull or .ny olher del.._ of Borrower 10 acceleratiun and fored...ure, If the breach
<br />IsJooC 1:Uffl!1lit...llet_ IIIl:.date s,..clliod 10 till: ....,ic.,. t.nder .all..nder's opllon may d..,/are 011 01 lb. so.... _ared by
<br />"""MBoI..to he ~1e1J' dIU''''''' payable ..;I....ut lurth.r demand and may lur<<l<lse by judldal pr.o<eedin(. boder
<br />.b<.~to...Jjt!clln'Wh>proceedi"ll: all ..,.."".. of lored",,,,,e, indndlDl/., but 1I0t lImll.d 10, costs ul docam,"tary
<br />n'ilhlot;" ~"'il' ""If. tl6effporu.
<br />f'~. ~"ds JUiItt- tOo ~tt~ Nn-twithslandmg Lemf~r-&. /l,().::-el~J"ath.l11 r~( ~hc _<,llmS; 'i,C",'UfCd by fhhi Mt}rl1.\:age.
<br />UorrUWf,:f, 1h3>> JUlYC- lhe r-iJ-ht to h-:i:vC; Itny pf(.'C~~edlnj.l,:o. begun hy LenUcf to t"ofur;;;.:- {hI"" MOl'tgu,g-e di"\.'';')H{H\ucJ .It "-II}' tJmc
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