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<br />005093
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<br />I 1:00h.'r\ \\Tlli...ll agreement or itppJi("ahle law. Borrower shall pay the amount of all mortgage insurance premiums 111 the
<br />manner provided under paragraph 2 hereof.
<br />Any amol.ln(s disoursed by Lender pursuant to this paragraph 7. with interest thereon, shall become additional
<br />indebicdnc<;.s of Borrower secured by this Mortgag~. U flle~s 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 dl~hnrsement at ,he ratc: payable from t;me to t!me on outstanding principal under the Note unles~ payment of
<br />intc-rest at such rate would he contrary to applicable law, in which event such amounts shan bear interest at the highest rate
<br />permissible under applicable fa\I,' _ Nothing contained in this paragraph 7 shan require Lender io incur any expense or taJre
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />tnllt Lender shaH give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender.s
<br />interest in the Property. .
<br />9. Condemnation. The procced~ of any :;lward or claim for damages. direct or consequential, in connection with any
<br />\.:ondernnation or other taking of the Property. ('r 'part fhereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />:ln,l ~haii he p;:ud to Lender,
<br />In the evenf elf a total i:.iking or !he Pn,pcliy, the pro(:~eds "hall be applied to the sums secured by this Mortgage.
<br />\\ith [he l'\Cl~"". :t <'tn\', naj(j 1() Bornw,,-er. In the event l-d ~l partial u~king ;,'\.f the Prcpertv, unless Harrower and Lender
<br />dthcrwise agree in wr.if~r;g. there shall he applied to the sums secured by ~this Mortgage s~ch proportion of the proceeds
<br />:IS IS t.'qual [0 that proportifin \vhich the amount of the sum.:; secured hv this Mortgage immediately prior to the date of
<br />raking bear" to the fair market \-~-\llle (~f the Pn:"\pert\' immediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrowe::
<br />H the P:-nperty ic; ,;h.:;~d(!!1r-d ~~' B~_)rr,~wer. .w jf. Jfter notice hy f cnder to Borrower that the condemnor offers to make
<br />.iIl ~ward or \eule a .::laim for dJmag-es. Borrower faiis io respond to Lender within 30 days after the date such notice is
<br />n1tldcd. Le.nder 1\ ;,uthnrized re' (('\llect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Property (If f{1 the ~um~ \CCllred hy this Mt'ng:age
<br />links., ! coder ;md BOrr,-l\\'er Nherwi-<ic agree in writing. any such applicat'ion of proceeds to principal shalt not extend'
<br />or pt.""lStpnnc (he due dare of the momhiy instaHment$ referred to in paragraph::. 1 and 2 hereof or char.ge the amount of
<br />\ltCh mst:t1lment<;.,
<br />10. Borro\'u>r Not Released. ExtenSIon of the- time fOf payment or modification 'Of amortization of the sums secured
<br />hy ihis MCr1fZage granted ~v Lender w any <;.ucceSS~)r in intcre,t of Borrower shaH not operate to release. in any manner~
<br />!he liahility oi the ~'riglnal Rornw.'er <-lnd Borrower's sltccessors in interest. Lender shall not be required to commence
<br />proceedings a~ainsr <,lH.::h \UCCC~-5nr -(If refuse h) extend time for payment or otherwise modify amortization of the sums
<br />"ccurcd hy !hi:.. Mortgage h~. re~"Ion nf ;t~lV demand made by the Cld~ ,. Borrower and Borrower's successors in interest.
<br />11. Forbt-atance by Lender Not a W~iver. Any fnrhearanc<: 1 ;,.~er in exen.is'"s any right or remedy hereunder. or
<br />ntheru:i...e ;ltl0rdeJ by applicable 1:1\.\', ",hali :H)t hi'- J. w3iver ~, preclude the exercise of any such right- or- remedy.
<br />The procurement ,If insuranci.~ ,lr the payment (If Ll\CS Of other liens pr charges hy Lender shaH not be a waiver of Lender's
<br />rigor !\. ~K(,l'krat~ Ihe maturity of the mdchtcdnc,s ",~'\':un:d hv this -Mortgage.
<br />12. Renledie-s Cumulative. -\ll remedies provided in this Mortgagc- :.tre distinct and cumulative to any other right or
<br />remedy unda thj~ \ft)r-t~"gl' or 3tTordcd r.v h.,,~' ,'r eqUlly. ;lnd maY he l'\erc!'\cd concurrently, independently or stlCCeUively,
<br />13. S..n'",so.,; and A"'i!!ns Bound: Joinl aud SeHral UabRlty: Caplions, The covenants and agreements herein
<br />contained "hall hind. and tht ri~hb- hereunder ~hall inure h'. the rc<.;pcctive SUCCC"iS(1(S and as.~igns of Lender and Borrower..
<br /><;ubjco;.'[ to the pnwi..ions ,A par;tgnph ! 7 hcn'oi AU covenants and agreements of Borrower shall he joint and several.
<br />Th~ "'il,)in)ll~ .jil...i h~d\iiii~; ;:-f the p;:}.ro1t::r;q:;h" of ~h~~ ~fQrtgage M!" for I,'on\lenience onl\' and are not to be used to
<br />mterpret (lr define ttw prl-~\'l~io:l" ndC'-'c,L
<br />14. ~oticf'. Fx.:-ept for 3n~ notl<.:e n:4uircd undt"f applkabie 1;\\1.. tv be- given in another manner, (a) any notice- to
<br />Born,lwcr prnvlde-d for ifl thi'!>> Mortga!!c shall he ~l\'en oy mailing ...uch notice by certified mail addressed to BorroVr-er at
<br />the Pn1rt"rty Addre5-"> ,'If al Slli:h doer ;J.don:---;:', as Borrower may designafe oy notice to Lender as pl:"oYidcd _herein. and
<br />(h) an! noti..:t.' It) Lender shall ~ _~:VCil DV \~erttfied mail. return receipt !"C'ques-ted. to Lender's addms stated herein or to
<br />:mch \.Jther ~ddfe'i.' J.~ i .t:nder m:n dt""Ii.g:llak' r,,>, ~h\ti-;;C h'; Borrt)w~r as provided herein. Any notice provided for in this
<br />Mt'rtgage shall he deemed !l) n:l',e be~n ~i\ien to Borrower (If I.ender when given in the manner designated herein.
<br />IS, Vniform 1\Ionl:"C<: Go.eminl! taw; Se\erabllity, Thi, (MOl o( mortgage combines uniform covenants for natiOftaI
<br />use and !wnwunifprm cn\-cnall(s \\ith limited \;tnat10f1S hy jUflsdi-:.tiof1 to constitute a unifonn security instrument coverilll
<br />real property Thh \1t1ftgage ..kt1i h.: ~h)\:crned hy the taw (\t the jurisdiction in- which -the Proprrty is located. In_ the
<br />event that any N(\'..--ish.lH l'f dath"" (If thl' \ft"lrtgage llr the Note i..'l'Dt1icts with applicable law, such conflict shall not aled
<br />other pn~...:,,:,1n'. ,-~f tn:\ \!en~agc- ,or !he 'Jflt~ \\.hl~h can he ~p\'en dIcel v,dthout the cQnfticting provision. and to this
<br />end the f"h1VlSI;.)J1.; ~'f thc." M\.'ng~lgc and the 't)te are dedan.'d tl"l be ,everable,
<br />16. Bono~-er's COP)' Be-' '...lv,:et ...h~,1I he furf1j~htJ a i.-:onformed copy of the Note and of this Mortgage at the time
<br />of e'\('(.:utillO or aftl'T rect'rdatk\n herc\,r
<br />17, Tnul5fer of t.... Property: "",umplion. If "Ii or any part of the Property or anintercsltherein is sold or transferred
<br />hy Bon-"i'wt.~r \; ithtHlt I.ender'~ pnor ""'f!!ten con<;'t'f1L ~xdtlding L.lI the creation of -a lien or encumbrance subordinate to
<br />this Mon~age, ip) lht' \:reat!p!l "f ,i phr,:hase m('Ir\e~' 'iC'..;urity If\h~rest for household :Ilppliances. (e) a transfer by devise.
<br />de-~I\.-'~nt or 0)' 1.1p~ratlOn 0f IJv. upim the Jeath 0t :l joint tenant or Hi lM.tI Jrr-' ~r Illl). h.nln'.Jl irttlrut ar 'lIflt 11.. If ItII
<br />~i1t .J"I1- t~;. 3 lfl ,Iii hI P HaO'1l Lender may, at Lender's option, declare all the sums secured by this MOI'tgaae to be
<br />lmmcdlatdv dut: ;..nd payable. Lender shall na'i-'c waived su~h option to accelerate if. prior to the sale or transfer. Lender
<br />,md the p.:f~on to whom [he Propeny i~ to he ~olJ or lTansferred reach agreement in writing that the credit of such person
<br />1<; satisfadO~ H' Lender .-Hld that lhe inlere'il paYJhk on the Sl1m~ s~cured hy this ~f-ortgage shall be at such rate as Lender
<br />"hat! requ,"-st. It Lender hZti wai\eJ the ('ptiun 10 decelerate provided in this paragraph 11, and if Borrower's successor in
<br />lnl~rest ha, c.tei..":uteJ a wriuen as~umpllon agreement accepted in \\--riting hy I.ender. Lender shall release Borrower from .U
<br />l"'~,hgat!:::-!1~ tm.d-~: rh!~ M!."ln"~oi" ..nd rne ~Oie
<br />If L"~fH:kr e"cr~t~e-s :'l~h"'~'~Hon !i.' a.;\:eiet~-th:.>. Lt'fH.t~r "h.'tll mail Borrm'-cr notice of acceleration in accordance with
<br />p.ra~:Jdph ;..: hac..l!. Su-cn notice "hail providt" ;'1 pcri,1J ~)f n,)I less lhan lO days fr(lm the date the notice Iii mailed within
<br />whil,-h Rnrr,,\,lier may pay [he ...ums de.;;:l.trcd due, If Bor:uv..er f'a\!s to polY su..::h "'-lUllS pnor to the expiration of such period,
<br />Lender may. .,.\-'ithout further fwtice (If d~manJ ,-'11 Born:\\\-er. Invoke an~ rl!tllcdles permitted ~y paragraph 18 hereof.
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<br />NO"'"'-UNtfO.RM COYL:-i"~ '!S, Borrower iiBd i.curler further (;ovcll.wl and agcet! as follows:
<br />18, Accmralion; Remedi%. .:l<~VI lIS provided in PllnIlIraph 17 ""reul. upon Borro,,'er', bftllrb of any .o........t or
<br />......._..1 of Borro"tr in ,m. Mortgllll~, indudiDll lhe co..m..... 10 vay ..I.... due any su"", "CUM by tbls l\Iofl&lllle.
<br />IAader prior 10 acccwralion .baII mail nntir. 10 Borro.... as pro>ided in parllllrapb 14 henot .pecifylng: f11 t.... bftarb;
<br />illllle llrilom ."".....~ I.. (ure 'u<:h breach: iJI " dale. 'lOl """ II".., .'10 day' from the datc lhe notire is mailM to Borrower.
<br />1>, "bkh ....1> bnt...b must .... cured; and 14J Ihal laihue to cur. such breacb on or before t.... dat. """"ilied In the notJrc
<br />may __II I.. "He!e.-lion ..f the 'RIUS "cuM by Ibi. Morltlllll', ror.closure by judkllll PJ'O<fl'dillll and salr of Ibe Property.
<br />~fM nodr. sllatl funher llllorm 80now.. 01 lb. righl II> rei...lal. afl.r ....celeratlon and t"" riIlhl 10 ......rt in the fone......re
<br />pI'O(:~ the aoB-c'l.Bt-et<<'e of ft ddauU or 1:In) ,,).bet (~ft'nsc uf Borroft'Cf Co at'c~tenl&io.n and for<<lostlft. If the- breJK'h
<br />k 0<>1 <\.<ed on ... brl..", lhe daI. \fM'ciJled in lb. notice, t.nder ..I L.nder's opllon may d,,'late all 01. lb. .u.... _UM by'
<br />'hloi i\1orllPl&' 10 br immediat.!) d"" oud Vayoble ..ilhuul lorlher ....nll.nd and ....ay lo..d,_ hy judkilo! proceeding, hnder
<br />"hall t:M: ('-'Q(it:kd -..; t'\~nt,-t tit _,ocit pro,t'ttding !lii t;~~i'wS ~"jf fHn;-d-o:o,ur('. indud!n;. 1m! ~~t !hn!h:d tn. ~t.trI!!!ts ~\f dO("\uuental')
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<br />:9, r.ui...'io",f'-i';; Ria-a; ;.; ~;;-in!io,..~t.
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