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<br />83- 006592
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<br />Lender"s written agreement or applicable law. Borrower shall 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 paragrapb 7. with interest thereon. shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other tenns of payment. such
<br />amounts. shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear intere.c;t from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the -Note unless payment of
<br />intf;;rest 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. InspectiolL Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shaU give Borrower notice prior to any stich inspecticlO specifying reasonable caus~ therefor related- to Lender's
<br />interest hl the Property.
<br />9. C-OIIdemnadon, The proceeds of any award or claim for damages. direct or consequential. in connection with_any
<br />condem-narion or other taking of the Property, or part thereof. o.r for conveyance in lieu of condemnation. are hereby assigned
<br />and ,hall be paid to lender.
<br />In the eYent of a total taking of the Property. the proceed, ,hall be applied to lhe 'ums secured hy this Mortgage.
<br />with the e.~cess-, if any, paid to Borrower. 1n the event Df a partial taking of the- Property, unless. Borrower and I..ender
<br />otherwise agree in writing. there shall be applied to the 'Sums secured by this :Mortgage such proportion of the -proceeds
<br />as is equal to th3t proponion which the amount of the sum:;: secured hy this Mortgage immediately -priOf to the date -,of
<br />taking bears to the fair market value of the Pmpeny immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned hy Borrower, (lr if. aftcr 110tice hy Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim fnr damages. Borrower faHs 1(\ respond te) Lender within 30 days after the date such notice is
<br />mailed, Lender is authori7..ed to collect and apply the proceeds. a! Lender's option. either to restoration or repair of the
<br />PrQpeny or to the sums secured hv this Mortgage.
<br />Unless Lender and Borrower othcrvri~e agree in writing. anr .mch arplicati0n of proceeds to principal shall not extend
<br />or postpone the due date of the monthh-' installments rcft"rrcd to in paragraphs t and 2 hereof or change the amount of
<br />;;;uch -installment~.
<br />to. Bonowu Not R~~ Extension of !he time for pJyment or n10dific:ation of amortization of the sums secured
<br />by lhis Mortgage granted hy Lender tCI any successor 1!1 interest of Borrower shall not operate iO release. in any manner,
<br />lhe liabJliiY of the- original Borrower and Borrower\ s.1!CCCSS;;lrs U1 in:erest. Lender shall not be required to commence
<br />pr<x..-eedings aga!tl.'\t such successor nr refuse to e...tend time for pavment PI' othe-rwi<;e modify amortization of the sums
<br />"-ecured by thi"'\ Mortgage hy reason ,-If anr demand made /:ly the ori~mal Borrower and Borrower's successors in interest.
<br />n. Forbeanm<< by Lender ~()t a Wai"'~f. An\' fnrhean;,nce by I ender in (.',ercising any right (If remedy hereunder. or
<br />otherwise afforded by applicable law~ ~haH nOI be :1 wai....er nf l\r preclude the -:xercise of an\' stich right Of remedy,
<br />The procurement of insurance ("Ir the pavmem (it t,l\C:S t)f other liens (\f ch~lrgc~ hy Lender shall not he .1 waiver of Lender's
<br />right to acceJern.fe the maturity ('If the indt.~hlcdnt''':'i ';t't:urt-d hy thi" ~.h.'rtg-aJ!c
<br />12. ReJRedkts Cu",ulaltift. All reme-dies prm ided in thi..;. Mortg~lg(' ;lrc distinct :lnd cumulative to any other right or
<br />reme-dy under this. Mong.age ()r afforded bv 1av.. ;;~r ~~quil'-:, :1m! mm. be t..'\Crl.'l~cJ ....i.lll"urrcnth', independently or suc:cc\SiveJy.
<br />13, SlK'\'f1I5Ol'lIr and Auiam Bound: Joint and SeH'raJ Liability; Captions. The covenants and agreements herein
<br />contained shall hind, and the ri~hh hcrclmder ..hat! inmt.~ tn, the re"l'ecltv,,~ ,u..'".'e"'S(\fS l.\l1d a'isigns nf Lender and Borrower,
<br />subject to t~ prO\'i_'Sion'i of pa.ragmph Ii' ht.~I"(.'oi '\H {,."OVcnanfs and a~reC"ment'!i l..lf Borrower Sh;lll bc jnjnt ~md several.
<br />The captions ~mu headings of the paragraph, l,f this Mon~age Mt' f.lr corlVcnienL'l' ('1111" ami arc nut 1.0 u:o;ed to
<br />inte:rprel or define 1M rn.'\vl'Stons hercf.f.
<br />14~ NGti<<. E'-C'cpt f{'lf .any U<<.llice fe-qHirl,.'o umicr applk:.thle law III he given in another manner. (a) any notice to
<br />Borrow-cr provided for in thi'\ Monga,;:e ~hai! r.e ~;"-cn hy ;n<.ii!in~ \uch notic~ PV certified mail addressed to BOfTower at
<br />the PropC'.rty Address 1..">'- at "ouch other ;tddrc-,,, <IS B\'wn~\\n mav dc",i~n;lte hy nOlk'c tn 1,l:ntJcr as provided herein. and
<br />lh) an)' notice to Lender sh.,H be g:l\"cn hv ("crtifit"d m~lJL r..-:turn I!;'Ct'!pt rcquc'$.\t.'d, 10 Lender'" address stated herein or to
<br />such other address. as. Lender may J\.-~i~nate h HIHi-cc t.' Uorw:wer as provided Ill'rem. Any notke pmvid","d. for in this
<br />Mortgage shall be deemed tn n:t'\-c ~"en g-,H"n h.l Bormwt:f (.\t I ender when given in the manner designated herein,
<br />IS. Uniform Mo~r; Gmtfflliflc ,".w: ~H~ndqlit"" Th;... fl,ml (11 mong:agc \;omhines uniform covenant.. for national
<br />use and non-uniform covenant'\. wilh limited V.lfi~ti"m-" hy iUfi,J1Clinn hi :':()mllitole a uniform s.ecurity instrument covering
<br />real propeny. This Mongage shalt l1e gi:'...ern('"d hy lhe law ",[ the juri,dkri(,n in which the Property i.. 1t,X:iued, In the
<br />event tha.t any prnV1Ston l")r dau'M: of thi~ Mortg.age l~r Ih~ ~('It' 1..,\'nt1ii.,t<.; \\ ith ;Ipplkahle law, such (;noniel shall not affect
<br />other provl!j:jons \-If rhis Mortgage ,'r the ~{'tt.~ \".hlcr, ..:au ~. gln:n dreet without the conftit.ting pf()\,lsion. ilnd to this
<br />end the provisi,')ns ,-1-f the Mong~c anJ the "SNC M"C ..lcdarcd 10 he ~v~n\blc.
<br />16.. Bonow<<~s Cop,'~ Borrower ...hall he fHrnl~hcd .t conforme\1 C0PY of the N('Itc and of thi~ Mortgage at the time
<br />of ~b;ulion or after ~ordation here.."lf.
<br />11~ Tl'IIIIift'r of the Propert:Y'; A'iliiW1tption. If all or an~' pi.lft llf the Property or an interest Iherein is sold or transferr~d
<br />by Borrower without Lender's p.ri()f written ("\.lll....enL l..",\.'ltldinll ~:ti tilt:' crl~ati()n of a lien or encumbrance subordinate, W
<br />this M~)rtgage:. (b) the cf'C'ation of 3. J'uf\:ha~ nWHey ~c.;;urit\' mterest for hOlls-chold appliances, te) a transfer by devise,
<br />descent \.lr by (JpcntUon of hiw upm1 t~ (te"uh of .1 jlllnt t....nant or fd) thl! gram of any leasehold interest of three years or ICl\S
<br />not containing an \)plkm 10 purchase, Lender may. lit l.ender\. llption. declare all the slims ~el;..ured hy this Mortgage to be
<br />immed~atel~' due. and payable. I.ender 'Shalt have waived ",uch opt<<:m lil a\";l:t.~lerate if. poor to the ~alc or transler, Lender
<br />and the person It.) whom the Property i~ w be sold (If IransterrtXi rea\,;h a~reclTltmt in ~Ttting that the \;redit of 'iuch person
<br />i$ satisfactory. to Lentler and that the intereM payable on the sums secured hy this Mortgage shall be at slIch rate a~ Lender
<br />shall request If LCnQeT has waived rhe flption to ;;tc(clerate pro\'ided in this paragraph 11. ;lnd if Borrower's successor in
<br />intuest has executed a writ~n a$SUffiption agreement accepfed in '""riling by Lender. Lender'ihall release Borrower from all
<br />obI....tlons under Ihis Mortgage and the Note.
<br />If Lender e~eccise! such Clptio-n to ac-et:lcl<tte. Lcntkr o;hall mail Borrower notice of :Jl.:"ceJeralion in accordance with
<br />pacaaraph l4 hereof. Such not~~ shaH provide a perloo of nnt les~ than .10 day5. from the date the notice i!; mui.led within
<br />which Borro~-er may pay the $ums declared due., H Borrower fails '0 pay such ..urns prl(,lr to the expiration l)f such JXriod,
<br />Lender may. witbout further notM..'"C or demand On Borrower, IOV(I}..e any f('medics permItted hy paragraph 18 hereof.
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<br />~UmFOkM COVENANTS. Borrower -and Lender funher co....enant Jod ugr~ as foUows:
<br />,& A~ a-.... Ils""pt as pNvidod in _.aph 17 h".....f, upon Borro..."o ....caeh of any ,o..nanl or
<br />............ of ~ ... this M........, includlIrt I'" ,o.enanls 10 pay ..heu dIM! any.ums secum! by IW. Murtpg..
<br />.............. to ......... ..... mail ftnIicc '" Bano..... as p....ide<! in p_raph 14 hueof spcclfylDtl, (I) the b.....h;
<br />1:&'_...... .........te ~ _ bfaclt; 131 a dale, _ ..... Ih.... 30 day. from tho date the _ire is mailed I" lItvNwer.
<br />.., ..wdo __ ....... .... .....<WeII; aad 1411hal failure 10 'lU. ...d. b......,h .... or before the date .pccilietl ill the ftnIicc
<br />..., .-lllot~ of lIoe......~ ,"y t.... M.......... fondo..... ,"y imlldal prnreediDtl and sale of th. Pnlporty.
<br />T1l!h....k..IiIilII.~ 101_............ of lhe 'lIltl to ...-" .ft... a<<.lenllon and lh. right '0 .....,.. in Ih. fo_"""",
<br />...-- iIItt - ......_ of. ddaoIit or au! 1l1he< dof..... of ............. 10 lO<:,.iellltiu" and f............."'. If tho b..aeh
<br />.. -"...... ....... W-.... ..... ~ ... tho -I<<. had... al I~.'. optiou may ~.... aI' of lhe sums ......m! by
<br />... .............. ...........) d_ ...... pa,alIlo ..ltlt6ul h"lber de_1d aIl4i may 1......_ by Judicial pfO<oedinc. ....Il<kr
<br />...... ......... 1\1."""" ... _It ".......u.. all .....- of lo""'....ur., i"dudlDII. hotl nol IIm1H4 to, ,..... ..f doc....._l"J'
<br />~...........- ....-.
<br />.... .........,. ~ to........~ Nmwitb$huW~n& Lender'\" ~';;:1;denltH:m of the ~tlm\ secured by tnl\ Mortga!{c,
<br />tlotrowet ,-.u ~ ~ rtaht ~.J have any pHl\~ng!: begun by t t:l}oor to cnlQtce this. M(Jn.a"@~ Jj'Kontlm~d Jt .any time
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