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<br />84 _004414
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<br />Lcndl.'-f's wf!(t..;n agreement Of applicable law. Borrower shall pay the amount of aji mortgage insurance prt:llliums in the-
<br />manner providcJ under paragraph 2 hereof.
<br />Any amounts disbursed by lender pursuant to this paragraph 7, with interest thereon. shall become ,additional
<br />indebtedness of Borrower secured by ~his Mortgage. Unles...c.; Borrower and lender agree- to. other terms of 'payment.' such
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest.from the
<br />date of di~lIrscment af the rate payable from time to time on outstanding principal under the -Note'unless-.payme:nt-'-'of-
<br />interest at such rate would be contrary to applicable law. in which event such amounts. shan .bear inter~t at the highesf-rare'
<br />permissible under applicable law, Nothing contained in this paragraph 7 shan require Lender to incur arty expense>or:'--take
<br /><JOY action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the~:Prope-ity~'_pr~vid~ -"
<br />that Lender shall give Borrower notice prior to any stich inspection specifying -reasonable cause therefor related__ta Lender~s ,j
<br />interest in the Property,
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential. --in connection ,wi.tlt.:ariy,
<br />condemnnt;on or other taking of the Property. or part thereof, or for conveyance in lieu of-condemnation, are hereby.-asS:ig~"
<br />and shall he paid to Lender.
<br />in the event of a total taking of the Property. the proceeds shalt be applied to the -sums secuj-e~_ by"this_ .M'ort~~~_~"
<br />\',.'ith the excess. if any. paid 10 Borrower. Tn the event of a partial taking of the Property, unless B,orrower- and: I#~~
<br />l)thcrwise agree in writing, there shall be applied to the sums secured by this Mortgage such - proportion '- of the>:pr~e~ds-
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to'--,the,-dilte',of
<br />[aking bear~ to the fair market value of the Property immediately prior to the date of taking, with the-balan-ce-of-the prOCeeds,:'
<br />raid to Borrower.
<br />If the Property is abandoned hy Borrower. or if. after notice hy Lender to Borrower that the condemnor--offenr-to':make'
<br />:10 award flr settle n claim for damages, Borrower fails to respond to Lender within 30 days after tbe-,date"-such- -notice---is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or -repair 'of:~.:the-
<br />Property or to the sum;,,; secured hy this ~.1ortg3ge.
<br />Unlcs,> I..coder and Borrower otherwise agree in writing, any such application of proceeds to principal shan ;not- ex.~d:'
<br />or postpone the due daie of the monthly installments referred to in paragraphs 1 and 2 hereof or change- the- amount' of
<br />'itlch installments.
<br />10, Borrower Not Rele&ed. Extension of the time fo;- payment pr moet:' :r:tion of amortization of the sums' secured
<br />hy this Mortgage granted by Lender to any '\uc('e.~::.or in in[,,:;cs.t of BI.'\. J,'cr 3::1all not operate to release, in any manner,
<br />the lIahility of the original Borrower and Borrower's succ~ssors in interest. Lender shall not be required to commence
<br />proceedings against such Sllccessor or refuse to extend time for payment or oihcrwise mouiiy amortization of the -sums
<br />secured hy this Mortgage Py reason of :10)' demand made by the original Borrower and Borrower's successors, in interest.
<br />11. Forbearance by I..ender Not a Wah'er. Any forbearance by Lender in e~ercising any right or rem.edy hereunder, or
<br />olherwise afforded hv applicable law. shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement ('If insurance or the payment of t~n:cs or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the ma.turity of the indehtcdness seclIrcJ hy this ~-fortgage.
<br />12. Remedies Cumulative. All remedies provided in thi" t\-fortgage are distinct and cumulative to any other right or
<br />remedy under !his Mortgage or afforded ~v ta\',' or equity. :lOd Olav he C'\ercised concurrently, independently or successively.
<br />13. Successors and Assil!DS Bound; Joint and Se\'eral Liability: Captions. The covenants and agreements herein
<br />..::ontaincLl shall hind. and the rights hercunder shall inure to, the respective succeSS0rs and assigns of Lender and Borrower,
<br />"ubiec[ II) the pro\'!"lons of paragraph 17 hereof. Ali covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of lhis Mortgage <Ire for convenience only and are not to be used to
<br />interpret or define the provisions hercLlf.
<br />14. Notice. Excepr for any notice required tmder ;'lpplicablc law to be given in another manner. (a) any notice to
<br />Borrower pri"lvided for in this ~-fongag.c s.hall he glv('n Iw mailing such notice by certified mail addressed to Borrower at
<br />the Propeny Address Of :H such other addrc\s as Borrower may deSignate by notice to lender as provided herein, and
<br />(b) any notice- tn Lender shall he g.i\'Cll hv certified mati. return reCL"!pt requested. to Lender's address stated herein or to
<br />such I.-'nher address as Lender may dc..ignatc h~'- notice w uorrower as provided herein. Any notice provided for in this
<br />Mortgage shail he deemed h) have be~n given to Borrower or Lender when given in the manner designated herein,
<br />15. Uniform ^lot1gagt; GO\'emin~ I.aw; Se\'erability. This h'lrm of mortgage combines uniform covenants for national
<br />use and non-unif(\rm c('.venants with limitt"J ',lriahons hv jurisdi..:tion to I.:onsliwlc a uniform security instrument covering
<br />real property. This :\Iortgage "hall be governed by the'law of the iurisdiction in which the Property is located. In the
<br />event that any proviSion ('If (;!<wsc \\f {hi... :\fortgagl: ,If the Note c(.lnflich \\'ith applicable law. stich conllict shall not affect
<br />Olher proVisions llf this MMtgage or the ~ol~ which (an hI: gl\'CIl t~ffec:t without the conflicting provision. and to this
<br />end the pruvisi\"ln" t.li the Mortgage and the ~nle are dt..'cbred tn he ~!:verable.
<br />16. Borrower's Copy. Borrower ~hall he iUfl"llShed it ":~)nfonned copy of the Note and of this Mortgage at the time
<br />of exe<.:ution <-'f aher rc\.'ordation herC(lf.
<br />17, Transfer of the Propert)'; :\s.'mrnption. Hall L'r an)' ['I3rt of the Property or an interest therein is sold or transferred
<br />by Borri."'w~r ,\-ithout Le-nder's prior wriHen L'i."lfbenl. ~\(,'llldinlo!: 1.1.\ the t:p::ation of a lien 01' encumbrance subordinate to
<br />thiS Mortgage. (b) the dcation 1.)[ :I pur~hasc !lwney ,>c;.;ur ilY -tnlcrest for ,hou:.ehold appliances. te) a transfer by devise.
<br />de5>.;tnt ()r by l"lpt~r:ition of 1<\\\ upon the death t"!f ~~ jOlHt It.'nant or (tJ-' '~t1' B f'\it ~f .. IJillii~ij'I~ i"lurant sf lRfU :. QUB aT liHl
<br />-":'t Yi t . ;~8 ",~- tJ If rJ~ Lender may. .1t L\.'llder's \lpti\"ln. declare all the sums sCl:urcd by this Mortgage to be
<br />!mmediatdy due and payable. I.coder shall have \\ill\.:d such option It' accelerate if. prior to the sale or transfer. Lender
<br />,mo the person to '-"hum the Pn_"lperty i\ In be soh.J or rr:msferred rea..:h agrecm~nt in writing that the cft~tlh of such person
<br />is satisfactory to Lender and that the intcre~t pay.tnit:' on the- ~tl11l" ~t..'L'tll"l,::d hy this ~'h)rlgagc ..hall be at slIch rate as Lender
<br />shall request. If Lender ha~ wai\."ed the ('ption to :lccclcrah.' proyiJed In thi~ ~")aragr(\ph 17, ~md if Borrowcr's successor in
<br />interest ha'\ executed a written assumption agreement a~~ept\,"d in \\riting hy Lender. Lender shall release Borrow~r from all
<br />obligations under this Mortgage and the Note.
<br />If I.tndcr cx.acis.cs ,;;ul:h ~lption h"l accclcr<ltc. 1 coder ....h;.t!l m,ld B(lrro\\~r notl\':c Ilf a,,'\..'l'leration in a..:Ct1rJancc with
<br />paragraph 14 hereof. Sll..:h notice shall pHwlde ,1 pt.'fil1d lIt" n~)! ks.~ than .'\0 day.... t"wm the date the nOlkt: i~ mailed withm
<br />which Borrower may ray the ..,WllS de\,:l,ltcd du\.':. 11 Rorrll\\t."r !.Hl..; 1n p,*y .".ll;.:h "'UOlS rri\lf tp the 1."'pir,Hio!l l.lf such r~riod,
<br />L.enuer may. wilhoUI further fHJlict.' or d~mal1d Oil HOfIP\\Cr, J!l\(\J"c ,ln~ r~nlCdies permitted hy parilglaph IS h~reof,
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<br />NON-USIFORM COVENAS IS Borrower and l.cmkr lurther l..,~\l'n:lllt .lnJ agree <1' (\lIII."lws:
<br />18. Acceleration; R<<:medies.. Except as pro\'ided in I)aruf;!.raph 17 IU.'rcof, upon Borro\\Il.''''!o breach or lInl t'O'fenant or
<br />ag~meiil uf Bo..c"-cr in th~ ~.lu..tf;~e, iadudinfl; Ih~ ,'unll~mh to PU) when du~ :m,.\ sum~ ~et'u!ed by this MortgHRi".
<br />L.ender prior to acceleration shall mail nutlet;:' '0 Borroy,er a.. vw\idt~d in par"~faph 14 h('reor SllCdhiuJ;:: 0) the breach;
<br />(2) the action nquired (0 cure such breach; (3) a date. l1ulle~' Ihan 30 da)!lo from the date the notil"t~ is rnail~d ft) Borrtnn.r,
<br />by wbkh sU.I.'h breach must be t;ur~d; aud t..a) that faihuc tu t'Ule SUt:h breach on or before the date spcdtlett in the notice
<br />mil)' result in 1u.:cc:lentriou of tht "lUm__\. !l.c..--ur~d b) this \1urlgaJ;:t.', run."(:lo:'JIun~ bJ jlldidat PW(:l'cdinJ:. and sale of the Pmperty.
<br />'l'be notice !\.hall further inform Borrut\-'Cl of tht' ritthl tu rdn~tnh.. "flu if,(:t.'eleradou and the ri~ht jn a~"frt in tht, foredm,urc
<br />pf'UrC<<ding the non~exbtem.'e of a default or an) other deft.'n.,,!: tlf nunmH'r to a..:cdl.'ration .m€! fHn'du~un,'. If ihe breal'h
<br />is not c-ured on ur h<'(ort.' the date ~p\:dfied in th~ noli(.'t', I ("ndcl' ut I.-endn', optiou nUl) declare- aU Hf the \umlrl ",."(:urcd b~
<br />.bis MtJrtgllCe 'to bE- imtnt'diatel} dut; nnd pa)~bh' ""iitaout furtht'f tlemand. 1md nUl) fUf\.'"do'!'<.(.' b\ judi,,'il;d pnH:t't'dinK_ Lender
<br />,ball b.: enrldC'd to "HUt'd in su(-h ..ron~,'dinlf."11 t.'-"I)&'H",t'~ tll fUJ\;:~It~'i\lt~. it.dudin~, hut ntH limited 10, "1..1"(00. '-If ,hll..'ullu.'uhu)
<br />('\itknu. lttn1ra~:i" l;md HHe tq)orb.
<br />t'>, BOHt)...l'l....~ R-i&:hl to R...in')Ude .....1.".,\\th,\.Ind;l1~~ J uHkl'" ~'"i!~,'H '.t-,,;\',',j j,\ 'hl~ ~1,ili~"i~l'
<br />Honl.\...q,,'! :;.hal1 ha\-t' Ih~ 11!:ht1.; h,;H' i',,'~-('nIHti:~~ i'q;ur\ h I ,--;;d'<.' 1 1 1'.\, \L':l~"i~" ,ll..., .1' ,iil\ lilli,'
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<br />t-..1FA B: B4
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<br />:.,(,{.- l~';l., 19.o4i\
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