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<br />84- 003537
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<br />Lender's wriuen agreement or applicable Jaw. Borrower shaH pay the amount of an mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereor.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shan become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon 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' shan bear interest at .the highest,rate
<br />permissible- under appHcable law, Nothing contained in this- paragraph 7 shall reqtiire Lender to incur any eXpense or take
<br />any action hereunder.
<br />8. Inspection. Lcnder may make or cause to be made rea50nahle entries upon and inspections: of the, Property",p_r,?vi~~d
<br />that Lender shan give Borrower notice prior to any ,such inspection specifying reasonable calIse therefor related to Lender-'s
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct -or consequential., in connec_tjon-,:wi~h--~riy;
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation.. are 'hereby' assigned
<br />and shaH be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any. paid to Borrower. In the event of a partial taking of the _Property, un~ess- Borrower: ari~_;-:,~rider;
<br />otherwise agree in writing. there shall be applied to the "urns secured hy this Mortgage such, proportion _-of lhe:-~'pro,979s
<br />as is equal to that proportion which the amount of the sume;; sccnred by this Mortgage immediately _prior -to,' the'.-da.te of.
<br />taking bears It) the fair market valuc of the Property immediately prior to the date of taking, with the, balance 'of the-_proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice hy Lender to- Borrower that ,the cond~mnor'o~ers_-to niake-
<br />an award or settfe a claim for damages. Borrower fails 1(l rcspnnd to Lender within 30 days after-th~,-da.te:,such"'~~ticejs-,,~
<br />mailed. Lender is authorized to cotlect and apply the proceeds, at Lender's option. either to' restoration- 'or--,repair, of ,the".
<br />Property or to the sums secured hy this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any slIch application. of proceeds to pririciptd .shall n-OFe_xteril:l:.
<br />or postponc the due date of the monthly installments referr~d to in paragraphs 1 and 2 hereof .or change- the-'-am~unt:-:_:rif
<br />such installments.
<br />to. Borrower Not Released, Extension of thc- time for payment or modification of amortization of the~,silm_~^:sec'~i'ed--
<br />by this Mortgage granted hy Lender to any successor in intercst of Borrower shall not 'operate to, release;- in 'any 'ffi,a_nn,er;'
<br />the liability of the original Borrower and Borrowers successors in interest. Lender shall _ not be - required: to- ,cor.nm~n~ce
<br />proceedings against such succcssor or refuse to extend time for payment or otherwise modify amortization --of ,thfL,sums
<br />secured by this Mongage hy reason of ;'Jny dcmnnu made by f )riginal Borrower and Borrower's _suc_cessorsin h1t~rest:'
<br />J 1. Forbearance by Lender Not a Waiver. ,'\ OJ)' forn \OCC hy t ,coder io exercising_any right or remedy:-hereunder.', or
<br />otherwise afforded by applicable law. shall not be a W3IV".:r of or preclude the exercise of any such right or re,J!ledy:
<br />The procurement of insurance or the payment of taxes-or other liens or charges by Lender- shall not bl'J -a \\,a_iy~i 'olLender-'s
<br />right to accelerate the maturity of th_~ indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in This Mortgage <Ire {lisdnct and cumulative to any-other right,'or
<br />remedy under thig Mortgage or afforded hy law or equity. ,iDe! may he exercised concurrently. independently _or--slIccessively.
<br />13. Sucl'es../iors and Assigns Bound, Joint and Se\'(!ral - UabiJif:\'; Captions. The - covenants and agree_~ents :-herein
<br />contained shall hind, and the rights hereunder shoal! inure tn. the rc~pectivc successors and assigns of Lend~r-and :B6rrower~
<br />subject to the provisions of paragraph 17 hereof. All covenants and agn.."Cments of -Borrower shall be joint: _a:nd-~ severaL,
<br />The captjons ant! headings of the par3graph" of this Mortg.age arc fO-r convenience only, and are - not to - he_-_used. to
<br />interpret or define the provisions hereof.
<br />]4. NotiC'e. Except for any notice required under app!ic~Jhlc law La be giyen in another manner; _-(a)__any -ho.tice-,_~to_
<br />Borrower provided for in this Mortgage shaH he givcn hy mailing such nutice by certified mail addressed to ,Horrow,er __ at
<br />the Property Address or at such other addrcs~ ~IS Bnr~owcr may d~signatc oy TIOtlCe to Lender as provided herein,', and
<br />(b) any notice to Lender shall he given hy ct'rtificd mall. fctnrn n~ccJpi requested. 1'0 Lender's address stated herein or_ to
<br />slIch- other ~dd-ress as l.ender may designate by ,wtice tll !:Jorrnwcr as prov.ided herein. Any nolice provided- for-in- this
<br />Mortgage shnil be deemed t;J have becn giwn to Borrower or Lender when given in the manner designated ,herein-.
<br />15. Uniform Mort2a~e: Gove:rnin~ Law: Se',erabitify. Thi~ furm of mortgage combines llniform CQVenant5 for~nation'al
<br />llSC and non~unift)rm -,:{)Ven~H\t-; with Jlrniled variations hy jurisdIction to cflustitutc a uniform -security instrument _coverin~
<br />real properly This Mmtgagc shall hI.." go\'crne-J hy the la\-io of the jurisdiction in which the Prf'perty is located.- In- the
<br />event that any rrc.visioll or clause or thi;.; Mong~tge or the Note conflicl~ \..,ith applicable law. such ,conflict shall not' affect
<br />other pn..,'visions of thl~ Mongage or the NOlt: which can be gj\'l.~n dkct willlOUI the conflicting provision. ,md -to_ this
<br />end the provi~ions of lhe Mortgage ilnd the ~ote arc dccbred In be severable,
<br />]6. Borrower's Copy, Borrow~r :,:hall be furni"tli..'-d :~ conformed copy 01' the Nole and of this Mortgage- at. the time
<br />l,f ~Ki;;':iition Oi after rC,;:'Mdation hereof.
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<br />17. Transfer of the Property; Assumption. If all or any raft of the Property (,r an Interes.t therein i:\ sold -or transferred
<br />by Borrl)\I"'Cr without Lender's prior \vrltlt.:n ,:on"cnl. excluding (al the creation of a lien or encumhrance subordinate to
<br />this Mortgage, (b) the creation or J pun:hase I1wncy <:;lOcuri!y intl.'rCi>l for household appliances. (c) a transfer by devise,
<br />descent or bv operation of lav.: llP()1l rhe Llcath of ;\ lOllli le!lant M (dltne grant ('[ any leasehold interest of three .years or less
<br />"!at containing an oplion In pllr<.:hase, Lender n-hIY, at I ,l.'IH:II:r., option. tlc..:lan:: all the sums scclired by Ihls Mortgage-to be
<br />immcdialdy due and payable. l,l"lldcr "hall ha~'c \lUlh.'d <,It...:h opLion to accC'lerate if. prior to the .sale or transfer, Lender
<br />and the pers...m to whom the- Property h- to be sold or lr<Hlsfcrr.....d re;Kh agreement in writing thill the credit of such person
<br />is satjsfa~tory h) l.ender and lha! the intl'rC~f paY,lbk on the sum... Sl.':(tlfC-U hy this rvtortgage stmll be at slIch rate as Lender
<br />shall rC4ucst. If Lender has waived the optifH1 to accelerate provided in thb paragraph 17. and if Borrower's successor in
<br />interest has executed a written assumption ;lgrcem~nl a\:cept~d in writing by Lender. Lender ~hall reh;asc Borrower from a.1I
<br />obligations under this Mortgage and the Note.
<br />If Lender e.\ert::i:>cs :<.w:h t)Pllon In acC"e1efalC:. Lemler shall mail Borrower nolle!; of acceleration in accordance With
<br />paragraph 14 hereof. Such llotj~c sha.U provide J period o( not less than 30 thy" from the date the nodce is mailed within
<br />which Borrower may pay the SUIH:. declared duc_ If Bouo\',cr L\it<; 10 pay Slh:h "'llm~ prior t(1 the c\pir~ttion -of ..;uch period,
<br />Lender may. without further notice or demand {'II Borrower. mVt)ke :JllY remedies permitted hy p<lrHgrapn 1 ~ ht:rcof.
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<br />NOS~UN}F()Rr..1 COVENA~TS. Borrower ;lllJ Lender ll.lnhcf (In'l;:tl.1ni .HH.1 agree ..t." ftJ!lows;
<br />18. Acceleration; Remedies. Ext'(',pt as pro,.'ided ill pam~raph 17 hereof, upon Borrowt'r's breach of aU,)' {'OYeIUUl~ fir
<br />agre4:menl of Borrower in this i\hHt~a2t:. including the ("o\eflanl~ iii pay wben dut: any ",ums se(~ured b~' this Mortguge.
<br />Lender prior to acceleration shall maU notice If) 8orrower -as pUH-ided in para~,.aph 14 hen!of specifyin,.-::: (1) the breach:
<br />(2.) the action required to cure such breach; (3) a dalt. not !e.,~ t.han 30 du)-'s fwm the dat~ the nolke if.; mailed 10 BOHmH;,r.
<br />b,' whIcb suth bread\. must be rured; and (4) that failure to nlre :<.lIth brca.:h l)n or before the date !tpe('ified in the notice
<br />may result, in acceleration uf the- !<;un" sf!cufl'd b)' lhi"i ,'\torl~a,::t.', forcdosurt': b) judida! pruct't'dill~ and s:dc of the Prop,-'rt.}'.
<br />Tht:' notict.' shall furtber inform Burruwcr uf the ri~hl to r('in~tatc after ~n.'t1tratiol1 and lhl.' right tv a,;;ert in the foct'closure
<br />proceeding the non.e",ili;ten4.~t: {)f a dt'fault vr lJny (~tht'r c1cftli\e Hf Burrower to u(l~deration and forcdo1'iure. H' the bre~i;h
<br />i'ii' nol cnrYd un or tx-fure the datt -.p..-:-dfi",d in the n\.til~t'. Lcnd~r at Lcndu\i option Ill..i'- dcdilrl' aU of iht, soms sN'ured b.\
<br />this ,Mortgage to be illlmrdia:tel~' due and p~Jable ~jthou. furthcl dt'tll.ami and JUn.'-- fOU.'l')(;"tt' b~ ju-didal proH'eding. tt'nd~;r
<br />$bal1 bt tntflled to collcrl iu \ufh pwn'edtn2 aU ~;ljp:f'nsc\; of (ut~t'llJ...tlh', indudin~, h~~1 not Hmih.'d hi. ~'o~l'j: of dO{:IHuenhIQ
<br />~\"id~nt'e-, ,"~tradj and tide reports.
<br />19. B(Jrf()Wel~S- Ri~ht 10 Rtin.\1att. '",~){wHb!)!dn{lIn.t~ ! efli:.kr-" ; ~",(!t'rah\1n ,_Ii llK ~.l_lJn--; "t'\:\ir~:d In !hi~, ~.,ki!gJ.t:i'
<br />U()!'fO"".t'; '5ha,H h_ave the right It). h,i.v,~'_ ilny pn~(t~t:diJi!i.-~ h.;-gun b) ! tfldi" ;\-, \1uiig-,!g,: ,jL~, uOiinnt';j ,j[ ;H\~ tnne
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