|
<br />r
<br />r
<br />I
<br />I
<br />
<br />L
<br />
<br />84- 005100
<br />
<br />Lt~ndl'r\ \'.-nu>.-rl agrc~menr or applic.lblc law. Borrower shaH pay the amount of aiJ mortgage insurance premiums in the
<br />manner providcJ under paragi',aph 2 hereof,
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />;ndeblednl~ss of Borrower ~ecured by ~hi~ :Mortgage. Unless Borrower and tender agree to' other- terms of payment. . such
<br />amount!; sh<!H be paynbk npp.n not!::-e from Lender to Borrowcr requesting payment tbereof. .and shan bear in~erest- from the
<br />dale of di,bllr<ement at tbe ralc payable from time to lime on oUlslanding principal under the Note unless payment of
<br />interest at such ralc would bc contrary 10 applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. NOlhing conlained in this paragraph 7 shall require Lender iO incur any expense or take
<br />any action hereunder.
<br />8, Inspeelion, l.ender may make or cause to be made Teasonable en!ties upon and inspections of the Propeny, provided
<br />I hat Lender shall give Borrower notice prior 10 any such inspection specifying reasonable cause therefor related to Lender's
<br />Interest in the Property.
<br />9. Condemnallon, The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />....oodemnation or other taking of the Property. \.r part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />.md shall he pa.d 10 Lender,
<br />In the event ..~t a fntat taking of ine Property, the proceeds ~han he applied tv- the sums secured_.hy- this-Mortgage,,'
<br />\\ith the exec,s_ if ~lf\Y" paid h-' Borro-wer, In the event of;] partial taking of the Property. unless Borrower -and l.ender
<br />"Iherwi", awee in writing, there shall be applied to the sums seclIred by this Mongage such proportion of the.proceeds
<br />.is is eq[l;,j 10 lhal pmportion which thc amOllnt of the sums secured hy this Mongage immediately prior to the'date.of.
<br />takmg bears to the faIF market vait,c of the Property immediately prior to the date of taking. with the balance of the proceed!
<br />raid to BOffcwer.
<br />If the Property i, ahandoned b, Borrower. or if. after notice hv Lender to Borrower that the condemnor offen.t(> make
<br />an Jward or ..eutc a daim for d3m~ges. Borrower fails to respond to Lender wifhin 30 days after the- date 'such. notice- is
<br />mailed. Lender i\ authorized to c(lll~ct and apply the proceed!i. at Lender'~ option~ either'to reUoration_ or -repair,- of"tbe~,-,
<br />Property nr to the ",UOts set:nred h~' this ~for1gage
<br />\ink" I cnder and Borf"wer Nherwi,c agree in writing, any such application of proceeds to principalshaU ,notextencf.
<br />Of postpone the due date of the monthly installmenfs referred to in paragraphs 1 and 2 hereof or change _the amount: of
<br /><:,uch installmems.
<br />10, Borrower Nol R.kased, Extension of Ihe lime for payment or modification of amonization of the sums seeured
<br />by this M()rtga~e granted b~... Lender to any successor in interest of Borrower shalt not operate to release, in 'any mannerj-
<br />the liability (.f the t!rjginal Borrower and Borrower\ slIccessors in interest. Lender shall not be required to commence
<br />pr{'l~cedin~$ ~igJ,inst sllch ~ucce~,-'ior nr refH'W- t~-") ext~!!d time fnr p.Jj'mem er ~ther'Nise modify a.rnort!zation _o.f tM lums
<br />"-ocllrcd or this, ,\1'ortgage r-v rcast..n Of "flY demand made oy the ('-tzinal Borrower and Borrower's S\h;:Cessors in 'interest.
<br />t 1. Forbear11:D('r by Lender Not a ""-alveI'. Any forbeara-r.~;e tW ' ender in exerrl$ing any right or remedy hereunder.. or
<br />other\\,is.... atT(\rded Py 3ppiiL'able bw. shaH not he a wabf" L'{ }'?reclude the ~xercise of any such rigbLoi ~y~
<br />The procurement t,f insurance uf the pa~'mem of t.\'\C\ ,.f {';ihe. liens ;Jr charges by Lender shan not be a waiver of Lender's
<br />right 10 ;'lCceil~r:lte- the maturity nf the if1dehtcdne~s ,::clln~d bv this Mortgage.
<br />1 Z. Remedies Cumulative-. :\11 remedies provided in thi, Mnrtgagl~ are distinct and cumlllat.ive to any Other right or
<br />remed\' under this Monga~l' Uf ~.ltf(lrdcd pv law ('If" ::qmty. :iOd O1a\' he exercIsed concurrcntlv, independently or su~ively~
<br />] 3, Su,'cessors and Assi~n' BOllnd; Joinl and Sev.ra1 UabUlI)'; Capliom, The covenants and agreements herein
<br />contaUleJ ...haIi hind. ;--Ind rhe fights hereunder 'Shall inure to. the respective successors and a!l'iigns of tender and Borrower.
<br />'>llbiel.'! Ie- t he pr-n\'iqon~ lH ~'af;l~nph 17 neret\L All covenant:; a.r.d ;~gr--~emeng of B(trrow~r sh,:d! be joint and ~ver8J
<br />T"he '..'anflon~ J!h_l beadings d tht' P;l!;lg!,:;!ph~ of this MDrti:!~\,'!..' ;lri" f,)r cotlvenie-nce only <lnd are not to be used t6
<br />jnterp~( ('or define the pru~'lgi..)n" her~oL - , "'" 1" ' .
<br />14. ~otict'. F..'(("ept fc,r any notICe rC4uir('d under <1pplk~lOlc la~ t~) be given in another manner, (a) any _notiQC'to
<br />BOftOWCf prOVIded for ltl (hi'\. ;\fof(ga~e ..hall he gp..en by mailing "u,h notice I;\y certified mail addressed to Borrower at
<br />the Pn"'perry Addres" or ~f ':'ouch nrhcr ;lddre-<ts a~ Borr('1wt.~r may de~lgnate hy notice to Lender as provided herein. and
<br />fb) any nott~~ ~o Lender -shaH r-c giYt:rl rv ;.:.;;;;-rtificd mail, return receipt requested. 10 Lender's address stated herein or to
<br />such l)tner jddres~ ,1$ Lender !na) tk'ngnate h nnllce to Borrower as provided hereln. -\ny notice provided for in this
<br />Mortgage- shall he deemed to have heen given to Borrowtr l."'\f I ender when given in the manner dcsignated herein.
<br />IS. Uniform Mnnlllllle; (;o..minlll.a..; Se.....bllity, ThIS rMnl of mortgage combines uniform covenants for national
<br />use anJ nl.~n-uniform ('1..H-'('nan!,,\ \\ irh limIte...! \ ~Inallfms hv ItlrisJKtion to (:onstifl!te a unif-onn security instnmteot coverins
<br />real property Tlll.. Morrg;:lge ,tMil be g:ovc:rned hy the law ~'f the iurl!iidictlon in which the Property is locateet In the
<br />event that an' !""fOViSI..Hl ~)f l"1;itl~t: \H: fhi, ~-fortt:::agc \'f tht.~ Nf\te conflicts with applicable law. such conflict shall not affect
<br />l.)(her pnwhion.. \'f fhl" ~long:d!!e ;:'r thL~ Noh.' "'hi\.'h \."Jll he- gWCll ('ll'l~ct without the i..~onmcting provision, and to this.
<br />end th~ pr(wisi\'H~ l't the ~h~rt!>!age aH\l the "'-.;\\te .Ire dedarcd to he ,everable.
<br />16. Bonower's ('oP~'. Bont)\o\er shi\lI he fUfnl,hed .1 ~t.)nf\)rnH...d (('py of the Note imd of this Mortgage at the time
<br />nf e=-.ccution ..')r .dt~r ft:~()rd..ltion hefe(~f.
<br />17. Transfer of tft Propert~: r'\s.,umplion. If all nf !!ny pan '..'! th~ Prop'.:ny or !!-!1 interest th~rtin is sold ('if' transferred-
<br />hy BOcHlwcr '>"itht.'Ul Lender's pnor written \"(ln~t.'llt. excluding lal the i,;reation \\t a lien (\r encumbrance subordinate to
<br />thiS Mortgdgc, !h) the \'reallon Ili 01 plln:has-c money \t,'.,:urilv m(~rcsl for household appliances. (c) a transfer by devile~
<br />descent ('r hy t\peratu,)O \1t 1",1\ up()n (he Jeath Ilf a joint tenanl O( IrJJ tk.. iru<::it g-( 11M)" liT lIO"hrhl IA'lfut II)f th'.'}I." If I...
<br />~..... Ji . '1i" BaR, (r 1 , IJit...lI Lender ma}', at Lender\-' LlptI\ln, declare all the sums secured b}l this Mortgage to be
<br />immedIately due .:md pa.YJ.bh::, f endt:'r shall have \%.J.I\'t'd su\:h \.lPtion to accelerate if. prior to the sale or transfer. Lender
<br />.loJ the pl'fS\HI h\ whom In..' PrOpt'ny I' In be soid l}J' rransferred rea,h dgreement in writing that the credit of such 'person
<br />IS. satl-Sfa~h.'r~ l\.' Lender .1I1d th:11 the interl.:'l raY'.lole on the sum.. .!oe~ured h}' this ~lortgage shall be a.t such rate as lender
<br />',h,an f.etl, ,,~.c,~. ~._ ~ _~t:"I.~~l(.icr,.,~~.~.~'~I~~,:~,~~~~,..~p~i:t,~~::: ,:l~~cl~,ra,~~_ ~r:ovide.d" in lhis~ par.agraph ~ 7, ~n~. if ~~~rower's_. s.u~c~or :~
<br />_O.ere5. .._". _ -'"o~_.....U n .., ,..;.. "''''~~''IU....,....u1 dg)......lUl:rh o1.\.-l..l;pn;u 11l '.\ I tllng bv l.~thjer. lcnuer snau ren:asc; BorrVw-C;1 Irum G.II
<br />l.)bhg-attons und~f this Mortgage and the Note.
<br />If (-fndt'r e.x.tf~i'\e!l. :.\!\;h \lpUtln t,-~ acc('tcr.i{~, l.t.~ndcr ...h~1li mad Borhw..cr notIce t,Jf iI;;,~celeration in accordance with
<br />pAragraph 1.t hereof ~tll.~h notlt~ :.hall prOVide ;.\ rai\~J (~f no: less than .to day~ f((::oI11 (he dat~ the notice is mailed within
<br />wht,;h BOfrl'wcr rn~lY pa} the ,um~ dedared due_ If Born)\\er fJih, h) pal slh.:h 'lllns prior to the expiration ,)f "Inch period,
<br />t-ender may. with\HJt further n,Hi...~t l}f demand ~~n Horri..W,CL Hlh.kc auy rcrnl'dlC's pamltted hy paragraph 1 S hereof.
<br />
<br />NO~~U~IFORM CO\-t:N....~iS Borrower ;tnJ 1_C'nder further i..'IWenanl ;l.Od a~n.....' as follows;
<br />tll. Acc.lerallon; R_.di.... En.pl.... pro.ided in pO"'llnoph 17 ".r.uf. llpon Borrower's br.ach of ony cO'''''''tlt or
<br />lIIJft'UKftt of Borro","er in thii .\'lfin~aae. iACludina the n.n-enanb to Vii,)' "Mn due .ity sums se-cured by this !\.ton;tIIe"
<br />lAncIet prior 10 a<celendlon shal! moil ....!ie.. 10 Bor......er .. pro'id.d in pal1lll......pll 14 h..",,,1 .pecify;Dtl: (1) lite I>r....h;
<br />(1) 1M action r."....... 10 (IIrt such hr.""hl (3) a dat~, nul..... Ihan .Ill da}s from Ihe dot. .he noUc. Is noall.d to Borrow....
<br />bJ ..hlelt _." "R""" must be <ured; and t41 Ihal lailur. 10 "lIr. .,,<h brea<h un or bef"re t"" dill. .pecitl.d in th. notic.
<br />-r reoull 1ft acc....rlltion of lhe sun" ..c"r.d b) this Mol1Jllll\e, foredo.",.., hy j"dicial pro"..ding ond sal. of Ihe I'ropeny,
<br />'r:w notkt ""lilt fllr1lte. inform Bolto...r of the rillht 10 reinstate after ..<c.lo.",lon and th. rillhl to "",..rt 10 lbe foncluoure
<br />prucHdqlhe _slst."". of a d.fault or an) o,h.t ,ief.n.. of Burrow.r to an,.kratlon and for..,klOu:r., If Ih. bre....h
<br />Is _ CURd Oll or befo... the d",. spermed In ,h. ",.Iic.. lond.. a. Lrnd.r's option mo) dtclar. .11 01 the SUln.S ""cured by
<br />IlIio Marl.. 10 be Immrdlat.') due and I"').ble ..ilhoul furlh.r domand ...d 'no) for<<""" II) jndicia! proceedl.... Lrnd.r
<br />tlWI he t'IU.ttfflI tu a:ol1t'd in ,-.<<1\ pru(t"rrdirlll aU t..pt'n~t"1\ of f()t~d()oHjre. !ndudil1l~ but nul ihuUed to,. l'osb of dMume-ntar)'
<br />nideat.'f'. :ltWntt.'1~ lind til.... r('"port\<,
<br />to, ~l'u'W,"r'_ It.i!-h.l tn R~ifiid.fe. ....,:t;!\l\,llh,,'-.H1dw!l i '.'ndt:,1 - ,,~r'll.l;--tlll\ll ,.f !th.: '.mn.. ",-'(un.'u b'r till" l\hlfl).t~i~t."
<br />H(Hni~\'f "h..n h~n'~' :ht~ righ; h;l\( ,1'1\ i'f'.,._cnj!1\~" l~gUl. ,h\ I coder \;! tTh'h.'.' ~h,~ \f\lri~,is:t. dl'''.'f'1llllHlt.:J .j( ;\n~ IHnt'
<br />
<br />N.lFA 8/114
<br />S€~l-,~ (,::::~ 1 ~i 84i\
<br />
|