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<br />005114
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<br />I.ender', IHlllen agreement or applic'able law, Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amollnls disbursed by Lender pursuant 10 this paragraph 7, with interest thereon, shall become addilional
<br />ir;deb:edne~;~ of B0fn-.wer ~~cllred by ~his Mortgage. Unless Borrower and Lender agree -to. other tenns of payment. such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. alid shaH be~r- ~!!terest from the
<br />date of di.l;hursement at the rate payable from time to time On outsianding principal under the Notf;!: unless. _payment of
<br />inleresl at such rale would be contrary to applicable law, ill which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law, 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 Property, provided
<br />that Lender shall give Borrower notice prior to any stich inspection sp'ecifying reasonable cause therefor related to Lender's
<br />intere~t in the Property.
<br />9. Condemnation, The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or otber taking of the Property, or part thereof, or ror conveyance in lieu of condemnalion, arc hereby assigned
<br />and shall be paid to Lender,
<br />Tn the event of a total taking of the Property, the proceeds shall be applied to the stlms sectlredby this Mortga!l".
<br />with the C1(CC<>S. if any. paid lei Borr(lwcr. In the event of a partial taking of the Property, unless^Bori"ower and-Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of thee proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately ,priol' 10 the date of
<br />taking beMs to the fair market value of the Property immediately prior to the date of taking, with tbebalancecf the proceeds
<br />raid to Borrower
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrowerthlll the condemnor, off era tolliah,
<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.eithe!" to restora.tionor'replIi!"'ofAhe
<br />Property or to the slims secured hy this ".fortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principalshall;notexten<t '
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 bereof or change the amount,Of
<br />'\lIch installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sUlllSsecured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner.'
<br />the lia~~Jity of the orig~nal Borrower and Borrower's su~cessors in inlerest, Lender, shall n?t be req,uin:d to commence
<br />rr('~~?-v=.!H1g'" i..!g-:;~;:h~ ."den "ucce~s.cr 0!" r~ftlse TO e:dend time for payment Of otherwise modify amortization of the -sums
<br />secured by this Mortgage hy reason of any ueJU.'ti1ii made by the or:;;;' ~ BOfr\)i:....::r- ~i1d B.('!rr'C-7fer~ :3;~~~~;":'~~ !fi iff..-~~~
<br />It, Forbearanee by Lender Nota Waiver. i'ny forbearance t.: Le- I' in exercisil'f any right or remedyhenmnder, or
<br />otherwise afforded by applicable law, ,hall not be a waiver "f pw:!ude Ihe ~.el~jte of any such rigllt or remedy,
<br />The procurement of insurance or the payment of t;"es or other lie..s or charges by Lender shali not be a waiver of Lender's
<br />right to accelerate the maturity of the indehtedne.ss scclITc-d by this Mortgage.
<br />12, Remedies Cumulative, All remedies provided in this Mortgage arc distinct and cumulative to any olher right or
<br />remedy under this ~'f('lrtgagc or afforded P-y law or equity. illld mil\' he ~\ercised concurrently. .independently or successively.
<br />13, Succ~s....rs and Assi2ns Bound: Joint and S.,..eral l.iablllty; Caplions. The covenants and agreemenlS heMin
<br />contained shall hind, and the rights hereunder shall II1me to, the rospective stlccessors and assigns of Lender and Borrower,
<br />subiect to the provisions of paragraph 17 hereof. All covenants and agreements of BOrrO\\'ef shalt be joint and several.
<br />The Laptions and heading$ (If the paragraphs of this Mnrigal:C are for convenience only and are not to be used to
<br />interpret or define- the provision, hereof
<br />14. Notice-. Excepr for any notice n:quired under applicable law to he given in another manner. (a) any notice to
<br />Horrower pro\'fded for in this ~h")rlgage shaH be given hy Hl,-,iling s.uch notice by certified mail addressed to Borrower at
<br />the Prorerty Addres.s or at ~uch IJther addre~~ as Bl)rrnWer may deSignate by notice to Lender as provided herein. and
<br />(b) any noti('t:~ to Lender shall r.e gIven hy certified mail. return n~cclpt Tequested~ to Lender"s address stated herein or to
<br />slIch other addres.. as Lender may d~signate b\ notke h"'l Borrower as provided herein. Any notice provided: for in this
<br />M(\rtgage shall he deemed to have heen given to Borrower or Lender when given in the manner designated herein.
<br />15, Unifonn l\lon2age: Go.-erning La..: s.,.'erabllit)" This InTm of mortga~e combines uniform covenants for national
<br />use and m_"'lowuniform (\.wenanlS \\ ith iimit::d \ .1f1atwns hy jurisdICtion to consritute a uniform security instrument covering
<br />reai properiy Thi'i M;:;ngag~ ~h3!! be governed hy lhe law l)f the jllri!1.dicrion in which the Propeny is located, In tbe
<br />t:vent that any pnwisH..l1l \.....r cLlll'e ,-If thi.. M0rtgagc l'r the Nl)le conflicts with applicable law. such conflict s.haU not affect
<br />other pnwl'iion, of thIS ~'fortgagc ()r the N(It!:' which can he given effect without the c>Dnflicting provision. and to this
<br />end the pr(\\'isi~,"s of (he M0rtgage and the ~lHe arc declared h' he severahle.
<br />16. Borrow~r'. Cop,', Borrower ,hall pe fmlllshed a conformed copy of the Note and of this Mortgage at the time
<br />of c,cclItion or Jfte-r recordation hereof.
<br />17, T.......ter of tb~ Pro~n): Assumption, If all or any part of the Property or an interesltherein is sold or transferred
<br />by Borrnwcr Without Lender's prior WUitCfl (Ciil5cm. e:;d:Jding U~) !he '_'n~~~tjon of a iicn (.f e"~umhrancc subordinate 'to
<br />this Mortgage. tn) the I..'reation of a Pllrchase f!1t"'lney sct.'urity Intcresl for household appliances. (e) a transfer by devise.
<br />descent (lr oy operation of la" upon the ocalh (,t J jllint tt~nanl or 1 II thbl afDRt 11f (JR)' looulurhl inluul 1ff dUll 1'1"41 If II.
<br />--t lliR- .r'R8 III 'liu tIi II i t 1-1 Lender may. at Lender'" l'ptJon, declare all the sums sc-4.':ured hy this Mortgage to be
<br />immediately due and payable_ Lender shall have v,alved sll~h option to accelerate if, prior tn the sate or transfer. Lender
<br />and the pe-r~on to ",.horn the Property i" tn he sold or transferred reach ;;tgreement in writing that the credit of such person
<br />is satisfactof) 11) LenJcr and thJ{ {he interesl payahle on the sums secured h~' this Mortgage shall be at such n_h:. a~ L(:nder
<br />shall request. If I ender has waived the ~)ptl(m tp aCl.:elentte pn.'lvided in this paragraph t 7. and if Borrower's successor in
<br />intt"fest has executed a written assumption agreemcnl accepted in writing by I.ender. lender shaH release Borrower from aU
<br />obh@:atlons unde-r- this Nh)ti.gdg~ and the ~ree.
<br />If Lender e\en.:i""Cs su..::h npU01l to accelerate, L~ndcr ...hall mJIi Borrower notice of acceleratIon In accordance ~i,h
<br />paragraph 14 hereo.( Such notice ..hall provide a pCril1tl of m'{ Ic!>... than _'0 days frNn the date the notice is mailed within
<br />whA:h Borro\\cr may pay the .';.ums declared due. If BOlH\"-er [.HIs 1(' pay Slll..'h slims pr'ior 10 the expiration (If such period"
<br />Ltnder may. without further notice or de-Oland ('n Borrower. inH'kc any ren"lt'dies pernHUed hy paragraph JR hereof.
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<br />NON.UNfFORM COVEN.\!'tW1S_ Rorrower <.Ind Lender further CP\'~nJllt ,IOU J.~ree a:-:. fl1Hows:
<br />18. A~~deratio..; R~nwdieo. E.~epl as provi<kd in pal'll2raph 17 hereof. upon Borrower's brea~h nf auy rove.....t or
<br />._nt of Borro..er In this !\.tong.., inc1udi"ll Ih~ "mena"" to pay "h... due auy sumo ..,rund by tbls Mona..,
<br />LeItdet- prior to ar<elel'llllioa shall mail nolle. 10 Borrower as pnni4ed in parllll:raph 14 h~reof .p~dfyl...: (I) the b...8dI;
<br />(1)... aetlo8 r.,.uired 10 ru... .uch brueh; I.l) a dale, nol ...... Ihan 30 day. rrom lhe dal~ th~ nurin is mall~d to Borrower,
<br />b, ....... _h bftllClo IIII111t be cured; and (4) thai fall...e 10 <ure surh brearh on ur befo.. Ih~ dale ....c1fi~d In the notlre
<br />"'lll" reootlt Ii> ...relrralioft of Ihe sun" ",cund b)' Ihis Morta.e, fo..do.ur~ by judicial pror....ding and sale of th~ Property.
<br />'file _let! shall funhrr lafurm Borr....er of thr rlahl to rei...tat. .fl~r a<<'cleration ...... Ihe rlaht to MOen in the foreelOOiure
<br />,,0<:...... the ..............ltre of a derault or on) "Ihrr ...fe..... of Bor...",er to occ~I'"'tioll and f..r<c""'u.... If the brueh
<br />10 _ c....... 08 or hefo", the tIat. ....rififli in th. nt>lk~, L..nder 0' hnder's option ma, decla.. all ..f rhr .u.... ..cu...d hy
<br />tblo Mort....e 10 br imm.dllllely d... ond pay.1lk ..llhout r..rlh~r <it"",..d and moy .m..ck.... b.iudiclal pl'O<'..,dl..., l.emkr
<br />~ hot tBthkd to ft.....e-' in $IKb pr-m:Hdiftl .U If"pt"'~ of fort'do"",urf!. indudill1l. but n.ot Umitfii 10.. l~OS." of dtwuRK:ntar)
<br />nNlecKt', ....-at't. .nd Utk r~port'.
<br />1~~ :u.a"i;f-ft-~;J.i =ii;'. \'1.'- =~~ii_~. '.. :~';..d~~,t'::;'!.'~f( t ~..,_l.. '...;U~~th~n .,1 !tw ,nlll't sCl:Wl"d hv ihl~ Mr..1t~~I~t'.
<br />&"'frn~:Cl ~hdjJ n.'t'it:' !h~' light !<. h,\\-t ~l~h pnK.T~.iLn~t., t~~W] h~ ! ~:nJu ~" nill'fc( {to,,, \-1.'itgAgt' dHll'PI!UH\:J ,I\. i)ll\ time
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<br />NIt'}\, 8/84
<br />Stule>:; 1984;\
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