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<br />84 - 004590
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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 paragraph 7, with interest thereon, shan become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other-term:s'of-:payme.rl~<_suc~
<br />amounts shan be payable upon notice from Lender to Borrower requesting payment thereof, and shall bea'r jntereSt;Jrom-.-~the
<br />date of -disbursement at the rate payable from time to time on outstanding prihcipal under-the- Note. 'unless' '~~n_~j'-_of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shan',_~ar inJerest:atthe,"~_~_~b.~,:~~~e-
<br />permissible under applicable Jaw. Nothing contained in this paragraph 7 shall 'require Lender to incur any _expense'_:or'take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be- made reasonable entries upon and inspections of the_'Pt~pertY~''pr?~i~~~,
<br />that Lender shall give Borrower notice prior to any sllch inspection speciry-jng reasonable cause therefor -related: to'-Lender~
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential,- in"connection-:wlth-:-any
<br />condemnation or other taking of the Property. or part thereof. or for conveyance in lieu of condertmation. are'hereby_assj~
<br />and shall be paid to Lender,
<br />In the event of a total taking of the Property, the proceeds shaH be applied to the sums secured - by' this, :--Mort,ga~~
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property.- unless. Borrower -and- Under
<br />otherwise agree in writing, there shaH be applied to the sums secured by this Mortgage such proportion "of the:prt>ceeds
<br />as is equaJ to that proportion which the amount of the sums secured by- this ~fortgage,jmmediatety-prior,-;-to'the:date_.of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with, the balai1ce:-.of'the'proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that-the condemnor offen'to 'mike
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the-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 sums secured hy this Ivfortgage,
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shaH not' extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change_ the amount -of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or rr iification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor ill interest of p:',_liOir shaH not operate to release. in any manner,
<br />the liability of the original Borrower ,-md Borrower'\ successors I '1terc~,~. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by thi~ Mortgage by reaSOfi llf ~HlY demand made by the original Borrower and Borrower's successors in intere'st,
<br />11, Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />otherwise afforded hy applicable law. shall not he 3 waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this ~,..tortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this ~1("lrtgage Of afforded l1y law or equity, ~md may he e'\ercised concurrently. independently or successively,
<br />13. Successors and Assi~ns Bound; Joint and Several Liability~ Captions. The covenants and agreements herein
<br />contained shall bind. and the rights hereunder shall inure to. :he r~spcctive successors and assigns l)f Lender and Borrower,
<br />subject to the provisions of paragraph ! 7 hereof. A,II covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs (',f this !\'-10rtgage are for convenicnce only and are not to be used to
<br />interpret Or define the provisions hereof.
<br />14. Notice, Except for any notice required under .lpplic,lbk !aw tl) be given in another manner, (a) any notice to
<br />Borrower prtwided for in this ~1ortgage shall be given hy mailing 5.uch notice by certified mail addressed to Borrower at
<br />the Property Addres:. or at such tIther addres\ ,is Borrnwcr may dcsigmtte by notice to Lender as provided herein. and
<br />(b) any notice to Lender shall he glVl.::n ny t.:ertltlcd mall. rt'lurn rt:ccipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate h~ notice to Borf(,wer as provided herein. Any notice provided for in this
<br />Mongage shall be deemed to ha.ve been given to Borrow~r or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage: Go\'erning Law: Se\'erabilit,\,. This t(,rm oi mortgage combines uniform covenants for national
<br />use and non-uniform covenalHs \..ith limited \'ariations hy jilri:,dictil)[l to c(lnstilllle a unifom\ security instrument covering
<br />real property, This :'>.-!ortgagc shall he go\'cl'n(:d hy the fa\', \If The jurisdiction in which the Property j<; located. in the
<br />eVent that any pn,)Visll.)n or dallst: tIt thi... Mortgi.\ge l~r lhe ;-.JL~tc \.'l)nllicts with applicable law, such conflict shall not affect
<br />other proviskl{1'S l)f this. ~'tongag~ dr the ~Ok \\ rll-.:h l.<tll he- i?~~eJ)_ effect _without the conflicling provision, and to this
<br />end the provisions of the \-1ortgag~ J.nu the 'i\'k ,lrt' i.h:cJarcd ttf he scyerable. < ,_ -~
<br />16. Borrower's Copy. Borrow.:r ,hall he furnished ,t ,,;<,1of!Jcmed -C0p\' or: the' ~.9t~j~;:I(l.._,pf 'this !\.tortg,agc at the time
<br />of excl:Htion \)f idter [('\x\rdati..)n hcrc()f. ' ' ~-.',
<br />17. Transfer of the Propert:~.. As~ulllption. If all llr any p.lft pf the Prop~ny llf <In inten:s( therein is SL>ld 0r transferred
<br />by Borrtw'-l.'r \\'Ithl)ut I.t~nder's rrll1f wnl!t:1l \.'~)ll,"l"ll[, t'x.duding ~,ll Ihe ,,:n:ation I.lf a lien ,)1' cnt:urnbrall\,:c ~llbordinatc to
<br />this Mortgagt:. (0) (he l"ft:ati0n \1f ~l pun.:hasl.: money "~curity Inb,.'r~s.[ fllr hOllseholJ <.lpplian.-..:es, ((') ;1 lransfer by devise,
<br />descent nr by \'\pl.'rat!on of law UPllfl the Jeath l11 :1 ,k)Hlt teOdnt 1'1' i l; tlu gnw' fall> 1- [[J)l<I Iii intJriJot ~f thrillS ~'~HU"ll :n hm,
<br />11:-1 ll1t iftiA8 rn fti Ii tJ J'1klr-~ l,cIlJ~r ma},.d lender\. uplil)fl. dcclan.' all fbe sunl'> se..-:un:d r.v Ihis J\-lL1rtgagc w be
<br />immediately duc <tlld payable, Lender shall ha\c \-\dl\'CJ :-u.,:h llptl\1n III ac..'t'lerate d, prior to th~ "ale ()f transfer. Lender
<br />and the person TO whom the PWPCrlY lS It) he ~1.1Jd t'r rran:.tI.'lT..:.'d n:a(h :-\gn.:t:_ll.lcnt in \\riting that the dt::Jj[ of such person
<br />is satisfactor:-. h) Lender ~wd th,:( tOt; inlcr~.'"t pa\ ~lhic t"f'l ihc :.1l1l1\ "~"':lir\.~J h~ thi.. ~It)rtg~l.gr.: shnll h~ at sllch rare ,Vi l.ender
<br />shall requesL If Lender ha~ w,uveJ thl.' ~)ptli.'n !I.I .t..:cdcr.tlt' pro\'idl..'d in Iftl:'! p,Hagwph 17 ,lnd 1f Bl)rrOw~r's. suc.;essor in
<br />inte.rest has executed a written asslImp!iOll ,l.e:rccmcn! ~1"':I..:\."ptcd in \\riling r.~ l en\lcr. l_rlhkr :-.hal! r\'h::a:'\c BOITowt:r from all
<br />obligations under this Mortgage and the .'\;otc.
<br />If lender c\.crl..:iscs slll..:h (lPtl\)[} to a":I.'t,;kr;Ih:, l cnJcr ,hall Ill.ti! BOJr.l',Vl:l Iwl....L' \,f a,>.."..:J.:r;tlh'l'l 111 :K\..'\JrJan..:c \\lth
<br />paragraph 14 hereof. Such notice :--hall pr.wiuc " rt,;ri,)d "f Ill.'[ le-ss th'Hl ~t.l dCl.)" [r,lil1 t1H.' dale the lltlli,,:c I, mailed wilhin
<br />which Borrower may pay thl:-' sums ded,\l'cJ due. It Bl)ni.~\\l'r (:llJ" ~,) pJ.:, sUI.'h ".JI1b 1':1\,\1' I.. Ii'll.' npir:ith)[l I.,r <;u\,;h period,
<br />lender may, \\'jth()ut further noti..'e (l!' ,!ell1J.nd i.\:l Burn.'w;:r. (I)"dJ...e ,ICY rCf1lLdleS ;~\.'imit!c,( h p,ll:lgr3.ph IS h,;-rcof.
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<br />NON-lJNIFOR~f CO\'I::NA~TS, BOf[\l\....cr :lllJ l.enJ1..'1 furtbcl \..'lH.('!\,Ul! .H1J .!;ll'\.' ,j" !l~ll()w,,>
<br />18. Acceleration; Remedies, Except all. pro\-'ided iu paragraph t 7 ht'h~{)f. upon Horn.1\) cr's bee.h_'h of ~II) (uH,'nant or
<br />agreement of Borrower in this \1ort~agl'. iududin~ the tu\Cn~lHl~ to PUj \du.'u dUl' ;1It) SUIll~ .;t"('lucd 0)' this .'lortga~e,
<br />l.A:lndcr prior to 2t'te!eraHo!! shall maH noti...~ !II Rnrrowcr Olio pw\-idt"d in lHuagraph l.4 lll,'reut :<.Ih.'dl'.) in/:: t I) lhe hccadl:
<br />(2) the action uquired to cure such hreach; (3.:.t date. nut leS"..; than 30 tlU).", fmlll the fhHt' Ihe 1H1rkl" j.. nUliJed to llorro"cr.
<br />by which such breach must be nlred; und \4) that faUun' to nul' :-;ul..'h hrl'~l:l-h (III or ht'fHrt' the ,btt, "Ilc;.'jfil'd in ihe notil'l'
<br />mal' result in acceJ~ration of the SUl1)1j ~l',:ured by this .\Iorr~a~e, fon.:dm,urc OJ jlldi\:htl Ilrurtt.'dil1!!. and ."ale of the lJ.ropl.-'rt},
<br />The notice shall further inform Rorr-o't'oer of the ri~hl f() n.'iu!'tate after ul,,'l.'Cknltiul1 and lhl': ri~hl to ~l'''l'n ill Ihe fLHC'dusurt~
<br />pro('eedinc; the non.,c\.ish.'u,'c l)f a default Uf an)- oHler ticfl'U.,... of BOl'rtm er to ;1('\'dt~nllitll:l and f(lrcdn1\uTl>, If the hn'udl
<br />is not cured on Hf befl.-tn.' tht' <lith.' "pcdfi~d in tilt' notin', J .l,tuler at J _('utier'_, uption m:1.~ dl,,,.I:ut< all of the "Iun:-- 'l'\'UH'd In
<br />this Mortgagt to be imnu'diatdJ dUl: and pa)ablt:- \\ithoUf fllrilll'f tll'mand and ma,\ fOI\.'l'lO,>l' h~- judit..'il.ll pn,\~'ei!iu~. 1 -t.'Uth'f
<br />'l:hRlI be entitled to t:ollfl't in .,m-h pron,,~'ding l111 t"I.\'n~c" uf fOfl'du~t1rc, indlHlin~ hut l!HI HlUiH'tf tH, n)..r.. uf dOt'Uml'fltar~\
<br />e\'idt'.nt'f.', abslrnds and title- rt~I)(.rb.,
<br />19, Borrower\', Right IU Rdllslaie, 'l..;l'l\,ilh-,>[.lf:d!llg ! \-fhkl', " \I'll:~,l~<\
<br />llorrvwa -shall have the right tu h;j"'t' an\ flrn~-\_'Cd;ng.. he~lln 1~\ ! ,-,,,del
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