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<br />83--008896
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<br />Len<k'r's-wflu~n agrcemencor applicable, law. Horrower !ihall pay-t~e am'Hint of all mortgage insurance premiums in--the
<br />manner -prov!~ under paragraph 2 hereof.
<br />Any arnf'unts. disbursed by Lender pursuanl 10 Ihis paragraph 7, wilh inlerest thereun_ shall become additional
<br />indebt~t1e$s'-of Borrowct",,;ccured by this,Mongag:e.. l1nJess Bbrrower and. Lender agree to other terms,_of payment. _such
<br />amoulltS-.-shall- be' ,payable- _ltpOn notice from Lender t.o' _Borrower requesting paymeI1l thereof._ and shaH bear interest from-,the
<br />da~ of disbursement at.the rate..payahk from time~ to time on ontstanding principal under the Note unless payment_of
<br />interest. at~lIl;hrate,:wouldbe contrary tn applieahlelaw, in which eYent such amounts shall'headnterest, at the highesL",",,~
<br />permissible. under applicable law. Nothing contained in this paragraph 7 shall require -Lender to- incur any,ex~me'-,or-take
<br />anYllCtion hereurnler.
<br />3~- J.dion~ . Lender may make or cause to be-made reasonable entrieS upl;m 'and- inspections of-tbe -Ph?perty; provi&d-,
<br />thal:--Leflden~h_aU_ give Borrower notice prior to any s.tteh inspection specifying reasonable c-ause lhef4~-for- related - to- Len~s
<br />interest in the Property.
<br />9~_ ColldemnatioR'- The' pf-(~cceds of any award- or claim fOT damages, direct or consequential.-in connectibn"with'_'.any_'
<br />condemnation or other taking of- the-Propert}~;Dr part thereof; or for conveyance in lieu of condemnation. are"hereby assigned
<br />'lOd mall be paid eto Lemler.
<br />Tn,-the event-of a total taking of the Property. the proceedi shalL-be applied to the sums secured-by- this---Mo:rtgage~
<br />with tf)e excess.. if any. paid 10 Rorro\\o'er. In the event of a partial taking of the, Property. unless' Borrower and-oLender
<br />orherwise -agrcc-; _i,n writing. there shall he applied to the 'Sums secured by this Mortgage' such - proportion-- of the :proCceds
<br />as is.'equal.to- that proportion whlch_ the -amount (If the- 'mmt.: secured oy this Mort-gage immediately, p.rior: to the 'date :of
<br />taking bears 10 the fair market value of the PIT\pe-rt\' immediately prior to the date (if taking. -with the balance of the proceeds
<br />paid 'to Borrower,
<br />If the Property is- abandoned hy B()rr;)\\,{'f. Of iL ufter notice hy Lcnder- to Borrower thafthe condemnor offen ,to- niake
<br />an award: or settfe ~r dahn for damages, Borrower fails to respond to Lender within - 30 days after the' date -such~-notjCe is
<br />mailed. Lender is: authorized to collect and apply the proceeds. at Lender'::; -option, either to restoration or repair -of ,the
<br />Propeny Of' to the sums- s~cured t'ly this M~:rrlgage.
<br />Unleso; Lender and'Borrower (ltherwlo;t.' .agre{.~ in writing-, any such applicnti('ln of proceeds to principal shall .not extend
<br />or pt'Kfpo-nc,the due date flf the monthly iMtnHmcnts referred 10 in raragrarh~ 1 and 2 hereof or change the amoltnt' of
<br />~t1ch instaUments.
<br />16, Borrower Not Rdeased~ Extcn$ion of the lime for payment or modification of amorti7.alion of the slims secured
<br />by this, Mortgage granted by {..cnder w any SllCCC~!h_lr I'l inrerct.:! \'f Borrower ...hall nOl operate to release. in any manner,
<br />the liability of the original Borrower and Borrnwe-r'<:; 'illcceswr~ in inlerc~L Lender -:haIT not -he required to commence
<br />pr-t'lC-eedings agains., such ,u{;ces-sm (.r refu<;c tn extend time for payment l'r ('Ithen~..ise modify amortization Df the sums
<br />secured hy this Mortgage_ hy reason ('If ,lilY demand made h\- the original Borrower and Borrower's 5;t1ccessors in interest.
<br />11. Forbearance by L~~r Nor u Waiver, Any forhe.arancc tw Lender in exercising ;.my right or remedy hereunder, or
<br />mherwise afforded- by applicable law. shall not be a waiver ~\f or preclude ihe cxerds.e of any such right or_ remedy.
<br />The procurement of insurance or the pavmcnt of !;lxco:, or prher lien~ or charges hy Lender .;,hall not he a waiver "f Lender's
<br />right to a.ccdcrate the maturity of the indehlcdnc,,-s '\cclIreJ hy lhi... \h'lrtgage.
<br />12. Remedies Cumulative. Ali remedies rn'\'vidcd in thi.; i\-fortg3ge arc di"lincl and cumulalive to :J.ny other right or
<br />remedy under this Mortgage or atT(lrded }1\" law llr t~qulty. :lnd n1<1>' he nerci:'lt'd concurrentl\'. independently or Succ.essively.
<br />13. S:ucceuors and A~ign' ft4mud: Joint nod Se-n~~raI UabUiQ'; Capllons. The ..:O\~cnants ;md :tgrccments herein
<br />t.."Onr.ained shall pind. and (he rights hereunder '5h~\lI inure to', the respectIve Sllcc~:'\sors and assigns of Lender and Borrower.
<br />s.ubject to the provis.lons of paragn.-tph 17 hereof. .\Ii -(o....enanis and agreement'> of Borro\..'cr shall be joint ~md severaL
<br />The C3ptions and headings of !h~ parap:lJph.... L'I[ this ~hmg;]g~ arc f('lr (('O\'cnience only ~tnJ are nl't to be l1se~ -,
<br />interpret or define the pf()visiol1'i. her-cof.
<br />14. Notice-. Except for any notice required under .ipt'li"',lhk 1;\\.\- hl be given in anot:her manner. (a) ~my notice to
<br />Borrowe-r pn.-wided fOT in this Mortgage _"hail he gl\-"\."-n by Hwdin!:! <.ti<.:h l1otic~ hy (crtified mail addrcxscd 10 Borrower at
<br />the Property Addres;o; or :.1t such other ;lddrc..;;; ~lS Bnrrl'\\\.'r rn:J\ dC:1ign:u~ hy notice to Lender as provided herein. and
<br />(b) any no6cc t.) Lender ..hall l:-tc gi\'~n hy certified m;HL reHirn n::ct,..ipi rcquc_'\led. lo Lender'", address sratc-d herein or to
<br />such- other address ;\5 Lcnde-r may de-.,;!gnate l-y nutlet' 111 Borrn\.H:r <:l:i rrovidcd herem. Any notice provided for in this
<br />Mortgage shaH be deemed to ha,ve heen given to Borrower n-r i. coder when gIven in the manner designated hereio.
<br />15. lJDifomt l\tMtg.e. Governing I..a~ Severability. Thi.. f0rl'n of mortgage combine!i. uniform covenants for national
<br />use and non-unifl.)rm co\'enan!~ with limited \ ariah()os hy jurisJ1ctirm to constitl1{c ~\ uniform secllTit~' instrument covering
<br />real pr-ope-rty. This 1\f-ertgage '\h:di be governed hy lhe_ bw (If the- jUrisdiction in which the Property is located. Tn the
<br />e._ent that any provis.jon or ch1.tt~ of thi" !\-fonga!!e df the ~;:"j!C (.:onllkg with ~ppHcable law, such conflici :\haH not affect
<br />other provisions of lhis Mortgage or the NPtL' ,...-lw:h cun be given ('tfeet without the conflicting provision. and to this
<br />end the provisions: of 1he Mortgage and the 'ole Me declared h~ be ;<,cverahle,
<br />1'. Borrowers Copy. Borrower "hall be furni..hed a conformed copy of the Note and -of this Mortgage at the time
<br />of execution or after n:<:ordalion hef"~of.
<br />17; Tnansfer of the Property: ..\MUmption. H- all or any p;lrt, of rhe Property (lr an interest therein is sold or h'ansferred
<br />by Borruwer without Lender's prior \\'rttlen coo~e(H. c:\:duding L'.i1 the -creation ()f a Hen or encumbrance subordinate to
<br />this Mortgage, ib) fhe creation of a purcha:sc mo:ney -.c..:-urity interest [('If household appliances. tel a transfer by devise.
<br />dcse,enr or by- operation of law upon the death of.1 inim tcmul{ or,,"'i' ttn oft 1 ~ ~: IrrAlr~~-:-ld iAtllM.t ef tkNIIr: 1n'FIl 1JT Jiliti
<br />-t ~1-.f1W>RJ rr 111" .1 f tnL - Lcndc_r may. -3tl.en-dcr's (~ption, declare aU the sum~ secured by this ~_1ortgage to be
<br />immediately due and payable, Lender -shaH have w;Hved $lKh option to accelerate if. prior to the s,ale or transfer. Lender
<br />and the.person _to whom_the Property is t-O be 'SOld or transferred l1..-ach agreement in writing that tht" (;reJit of such person
<br />m'-~ati$factory- to l-ender and that the: intere!t.! payable on the \ums s.c-eured hy this Mortgag-c: shaH be at such fi:l:te ...s Lender
<br />shan reqU~l. If tender-has wai-v-ed the option !(1 a:cc-e1e~le prllvided in th.is paragraph 17. and if Borrower's successor in
<br />intereSt has. ex:ec:ulcd a written assumption agreement accepted in writing hy Lender. Lender shall release Borrower from all
<br />obliptions under this Mortgage and the Note.
<br />If tender- exerct5e$ such option to aC(''"elerate. Lender "haH mail Borrower notice of acceleration in accordance with
<br />P'l'"acnph 14 hereof. Such notice shall provide a period of nO! less thaa 30 days from the date the notic. is mailed within
<br />-whieh Borrower may pay the sums declared due. If Borrowe-r fails to pay such sum:s prior to the expiration of such period,
<br />1..t:Ddcr--may~ witbOul further notice or demand 00 Borrower, io\'otc :my remedies permitted hy paragraph t 8 hereof.
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<br />N'QJi'...Umf'OllM C(w~NANTS< Born"lW'er and Le-nder further covcoani and- agree as folll"lws:
<br />... "~RM>e<IleLEx<<Plllll prol'ided I.. _",pit 17 b.....,f, UPO" Borrower's brOlleb of my co..e.....t or
<br />, ..........'.r........t hi IIIIoM~ Ind1nlltIg ...., ro"emmto to pay wbe.. d.... any o"ntS se.nm1 by this M.........
<br />~~.... ~ _1!Io'l!tl.... ......tMlllOOti<< ... Bor........ .. pro.ide.d in p_ph 14 boreofopeclfyiRl: (l)the b-",
<br />~."",,""""'to r............~. (3) a dlde, nol less IbaD 30 d~ from t"" date the notice Is mailed 10 Bor.....er.
<br />: ....ltf!!1......::linoKk_...~...(4) I'*f~.to ""re...eb bfeacb oa t>r befDre tbe date opeclfietl low noIke
<br />...,......_ _____ t>f rhe ....._".... by tills M..na-, foredoo..... b)' judldal pro<<ecllRl and sale tIf lbe Property.
<br />........ ~~,ltoi____ettlf the riIIIt to rehlsQte after a__lo" ..nd the ri<<ht 10 assert In the roredoolore
<br />~..._ ,"Wnn of a dtfuIt. or ...., oIW de'- ..f Btmo..... to ",,<<ImoIionlUld foreeloouno. U the bfeach
<br />'_,ftfd ....... ......... ....spedIltd in the aodce. Lemkr llt lAnda'. optIoA may d<<1ate all tIf the.- seal.... by
<br />lllIiI~to...~......lllId ..,.wewldtmrt ,mher.-.....I BAd_ fo"",hloe by judldal~. tender
<br />...._.....to~IlI_11_~a11 eq>e...... 0' r_l.....re. indu...., ....._ limited to. rosts 0' t1"".......-ry
<br />....... ___lIliI!d.tlIle...,.....
<br />t.. ~ltfllllt, htltlllolitlte. N"t","h"~dll1a L..nder', .""~<cl..,all"n "I lh(: "111" ,e""red by this Motlgll#r,
<br />~ ~tt ~-fM rteJit h1 MVt' -any ~~-i\- ,be:,Ull -hy h~tHkt tn t;nfOf'-1e- {h~ Mo-rt;-agc di.s.ctwtinnoo ;;;.t any time
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