|
<br />I
<br />
<br />84,--
<br />
<br />005117
<br />
<br />r
<br />
<br />Lt.:'n(kr'~ \"T~lh_ll ,tgrccmem or applicable Jaw. Borrowe-r 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. shall become additional
<br />",dehledne.. of Borrower secured by this Morti(age, Unless Borrower and Lender agree to othertenns of payment, such
<br />amounts shall be pavabk upon notice rrom Lender to Borrower requesting payment thereof, and shall bear int~rest from the
<br />Jate nf dt,hH;~effiefit at the rate payable from time tG tirr-.e on outst:.nding prindpal tmder the -Note untess- paym.ent of
<br />ioterest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at thehighestr.te
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />:lny action hereunder,
<br />8. IlIs~lIoft. Lender may make or cause to be made rea.sonable entries upon and inspections of tbe Property, provided
<br />,hat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to. Lender's
<br />interest in the Property. .
<br />9, CondemlUltion, The proceeds of any a"",rd or claim for damages; direct or consequential. in connection with any
<br />condemnation or other taking of the Propeny. or part thereof, or ror conveyance in lieu of condemnation. are hereby assigned
<br />.md shall he paid to Lender.
<br />In the event of a tota' 'aking of tbe Property, the proceeds shall be applied to the .ums secured by this Mortpp.
<br />\I.ith ihe c\u:;,,">. if dny. paid h' Horr0wcr. 1n the C'vent of a partial taking tlf the Property, unless -Botrowe;" and"Lender.
<br />"lhC1'wi;e agree in writing, there shaH he applied to the sums secured by this Mortgage such proportion of tho ',proceeds
<br />"s is equ.d '0 that proportinn which the amollnt of the sums secured by this Mortgage immediately prior ,to the: dateccof
<br />laking hellts 10 the fair market value of the Propert\' immediately prior to the date of taking, with lho balance of thop_cIs
<br />paid to Borrowec
<br />If the Property i, "bandoned hy Borrower. or if. after notice bv Lender to BoTtowerthat the condemnorolfen'to make
<br />;m award i'f s.ettk ;l daim fnr dam~2:es. Borrower fails tn resp('Ind'to Lender within 30 davs -after the date Stich'''nooCtLis
<br />mailed. Lender :s aulh0rized TO coH~ct and apply the proceeds. at Lender's option. either -to restonition or-'repair- of-f.'
<br />Property or !n the- ~um:>>. secured hy this ~{Oflg.a-ge.
<br />Ulllcsr.. Lcnder and Borrower otherwi"c agree- in writing. any such application of proceeds'to principal shall :notoextend'
<br />\If po~tpone ihe due dale of the monthly installments referred to in paragraphs 1 and 2 hereof Qf change .thc"amount af,
<br />~t.Ich installments.
<br />10, Borrower Not Released, Extension of the lime for payment or modificalion of amortization of the sums secured
<br />hy ,his 'Mortgage granted by Lender to any slIccessor in interest of Borrower shan not operate to releMe. in .any manner.
<br />the liahility ,)f the origmal Borrower and Borrower's Sl!ccessors in interest. Lender shan not be required .to commence.
<br />proceedings agamst such ~lIccessor ()f' refuse to extend time for payr ,'~ or otherwise modify amortization of the, sums
<br />s.ccurcd ~\' !h!~ M0rtgage hy rea5cD-n of ;!ll~' demand mad{" bV t}-H'. "ld~:.~ SoIT(\Wer;l~ ~ Borrower's successors in inteJC&t
<br />11. FnrbQnme~ by J.eoder Not a Wal.u. AI'\' forbearsDt ,Lemler in exerci.lUg any right or remedy hereundel'. Or
<br />otherwiS{~ ;lffflrdL.-d bv applicable law, !<;hall not ~>e a waiver of ur preclude the exercise of any sucb. right cor remedy.
<br />'The procurement (lof insurance I.W the pavment ('If fi.1'\CS or other liens or tharges hy Lender shan not be a waiver of. Lender.s
<br />right to att:Tler;'He the maturit\-' \11' lhe ;ndeht("dn"~s secured hv thi, Mortg€:~e.
<br />12. R~ft1edjft C'um.ulativ...... All remeuie~ pro\tdcd in thi., r-..fort~agc are distinct and cllm~)lative to any other right.or
<br />remedy under Ihis Mong;:'gl..~ or atT\lrdcd bv law l\r equit;', ilnu ma\' he -t'>.en.::ist.~d i.'CmclIrrcnlly, independently or successively.
<br />13. Sue<""""", ltftd "..iIln. Bound: Jo"" and S""~ra1 Uabilll)'; Captions, The covenant. and agreements herdll
<br />~onlalned \haH hind, ;1!lO the nghl;; hen:undcr shaH inufe to, :he respective successors and assigns of Lender and BorrO-WCt"
<br />\ubie-ct to lh<: pr;:)"T~ion:;.. ..Jt pM~t~Clph if her('"('.f All covenanb and agreement!'. of Borrower shall be joint and.scveral.
<br />The ":3pH~;n~ ~nd h-e-aJ:~g~ ~~t !he par::1gr;lph." ,,~f !h!~ M.....--"ng!!g.~ r~ft' fflr ':m!ve!1iem.~~ 9n~y ;lnd are not to he used to
<br />;....1.....____ ........ A_i<....~.. .i.... .~r.h...,;_-.~~ .....,........~t'
<br />un_.p''-~ v. ...."~ll'... ,.... l"'''''' ~~~......-. ""-...,,,,,>.
<br />14. :'4otice. Except fCl'f any !K'fli":t.; rcyuireo under .-ipplkilble hI\\- to be given in another manner. (a) any notice,to
<br />Borrower pnwided for in rhis Mongage ...halt he gi\'I,,'n hy m::tding \w.:h r:orice by certified mail addressed to Borrower at
<br />the Propt::Tty '\ddres.s (\f .il 'iu~h ..)thcr .u.idrc~" .is B..xfower f1lilY designate by notice to Lender as provided herein. and
<br />(~)_ ;ln~: l~~l:.~~ }~)_,,!._c:~,J:fH~~~~1 ~~._gl\<::,);,~\.'.~~,e~,lfi~,~,,~~~~il. rd:!.~I~..,'.'C.',~~l'I~~~ :~~l,~e"'~~~~'h.t~.,."lender:s,' ad~r~ stat.ed herein. Of ~
<br />:'>U\;h vthc, ,tUUr~3'" .U L'--II1.l~' 'n~~~ 1,.l-:-":-'SPdt\, ".. u........." T,) BVi",.""....- ~b p.t..........u "...n..n. An) noHeto: provIded for to thIS
<br />Mortgagt': s.hall he \ie-emeu to ha\ c h-Ct'11 !!J'"en [0 Borrower or I ,ender when given in the manner designated herein.
<br />IS. l'nifonn ~lol1:gaat"; Go\'t!rni-n&: i~aw; Se-\'erMbility. Thi~ form t'lf mortgage ~ombir,es uniform covenants for national
<br />use and otUl*unifom1 \,.'(\VenalHS \\lth limifed ".lria!wns h~ juris-diction to constinue a uniform security instrument covering
<br />real propert\' This \'h)ngilge ...hall be go"'crned iw the law f'f the jurisdiction in which the .Property is located. In the
<br />event that ~'\ny f'h)vish.H1 \'f ~lali"'c ,\f ,hi... Mongagc \)f the N..He \.,'~\nf1icts \lo ilh applicable law, such conflict shall not- afloc:t
<br />other pn'\I\it-H1S llf thl'" Mnrt~agt" Ll[ the Scotl" v..hlCh C:In he given effect without the conflicting provision. and to this
<br />end the proVi\hJlb t~t the ~f()ltt!a~c anJ the ~\lle ,lre Jcdarl"d to be -.:,cverabie.
<br />16.. - Bonower's Copy. Bon:1wer shall he furnIshed a .:~\nformed l:OPY of the Note and of this Mortgage at the time
<br />of e~et.'t1tion ,If .ifter ftXordation hereof.
<br />1? T~!!...c:f!-r ef t~ ~pert}: A~Y~!J'ii(l~- if alt or any [l,art ,)! rh~ Property or an interest therein is sold or trt.nsfe:rred
<br />b\l ~orr'-H.l.''-''r \',,1lholll I ...svL--r'~ nrinr wriui"n ,-"'m"C.l\l i'-.:dljdin~ iai tht~ ,:n-~ation of a lien or encumbrance subordinate to
<br />tt:;l'- M~)~tg~8e, 't'h"- ;t~e-'~;'~~~;(~l '...~f :, pu;-~ha'\c m~lIicY sC~~r;iY ~"intcr,;st' for household appliances. (e) a transfer by dcvite~
<br />dC'S~ent Of by (\(leratlon of lay, upon the \leaih ()f ~ JOint tenant or (.J'~ 'to groAt of 'Rlltu,lnld TRlU... af fir.. 1-- ., II.
<br />~161 ~r;A;"ll f t.t'J LJ, ")1H:'[I Lender ma:;, ~ll Lender's option. declare all the sums secured by this ~fortgage to be
<br />Immediately aUl.: ;wu rayable_ 1 cndc:r shall na\'e \.\~u\'~d s.tlCh option to accderate if, prior to the sale or transfer. Lender
<br />.md [he person [0 whom the Property i-:- {(1 he sold or transferred reach ~!.greement 10 writing that the credit of such person
<br />IS saUs(a":hJr~' if" Lr:nJer and [h,:H the intert,.'~t paY<lbk on the SlHlh S~l. urea by this Ml~rtgage shall he at such rate as Lender
<br />o;.haH re..yUCS-I If Lender has Wil.l\cd the ~lption w ,lccc!cralf pn1\'ided in this paragraph 17, ami if Borrower's successor in
<br />i~t~~t has e.\:cli~~~ ~,~.ldi.tten ..i:)~u~~tl~?_~,greement a~ceptcd in \Hlting by Lender, Lender shaH release Borrower (rom all
<br />uan8.....uun~ unUCI HilS l"'1.Vllgd~~ <tllU tHt: ;."".IU;:.
<br />H Lender e'-er..:i~~ -loen OplHJI1 !tl ~i.;ceJer~tic. f cHJc:r "hall mail Borrower 1101lCl~ -of iKcderation in accordance with
<br />p-aragraph 14 h~{C(lt. Such notice- 'ihall provide <.\ pCril)d t)f IW1 k"s lhan }O day~ flOm the date the notice i'i. mailed within
<br />which Borrower may pay the C'oums. dcdarcd duc. it BOff\.l\\-cr fads !I) pay si.h,:h ~unb prior to the expiration of ~uch period.
<br />Lender may. \<'-Hh\'.-~ut further IhJtl~l.': Of Jcmand un B()rrow~r. ,ovokc <:.ln~ fefllcdit::s pernlltteu hy paragraph 18 hereof.
<br />
<br />I
<br />l...
<br />
<br />Nrtr-;.-U!'.;:,; ":;...,~i CO'\F-/'.A:-.l'fS. ROff()\t<cr .tnJ. Lf:'fuJcr funht.'1' ,-;lwt...n~tlH and i.1gret~ a~ f(\lIow:.;
<br />18. ,"<ederatioo: Re_.ne... EXl'ept... pro,idM in P"lllll".pb 17 h.r.of. upon Borrower's b,~,,<b of Bny <n.enant or
<br />it&i<<liirtftt U( aouu"'~r in fbb :\iOrtgaifl indudiiJi. th~ l'o'ttmmfS to p-!!} "",h~n du~ Rn~' Sun" !JOt't'uud by this ~to....e.
<br />lADder prior to Keeleratioa shall m..iI nolle< to Bono..'.. ... prutid.t1 in parllll"'pb 14 h.....,o1 sl"'<Uyi"ll' III t.... breach:
<br />(1) t.... actk>n .""'fnlnd 10 cure so<b br....h; (3) a date, rmt I.... Ib..n 30 da}s frum t.... da'e the nutj,'e Is ....wed to Bormwer,
<br />by ..hkl> ....'1> boeacIllIu.1II be cur.d; ond (4) th.1 failut. 10 cure ,u,h brell<b 00 or before lbe date specifi.d in the ootiee
<br />~ r:~u!t In ~~;;:!C-~ e-f t!K ~tnR~ ~~('!!!'~ b~' .~!~ \tnr1lUiIiC. fnre-dosurr- b:~ indidal pfmredJn& IInd sale of tbe Property.
<br />'11M notice ,hall ';mher laf_ Bonu...r ullh; ri!lbt 10 rei;"iai. after ..<<.ler;'lloo and ihe rillhl to _rt In tb. fonclOliW't!
<br />~ I.... ...._dit.ace "r .. defaull or an) other def..... "f 8urro...t 10 .."deration and forecl....ore, If the breacb
<br />... W..n rtlf~ un f..' befon the date ~dti~d in th't notkt:-, Lende!' ...t l.cendff'~ {..pdu.. may ded.ft' all of the s.wns secured by
<br />1_ ~onl"l!e 10 be Imftledlat.J, due ..lid payable ..ilhoul furlh.r dema,nll and ....., "...".1.... bl judicial proceed;.... l..mk.
<br />"halJ bt. ~Qntlfrd h, n.tkl.' in ..uda. pfo,-'('~d'ftI- aU r~pen~,.. ui fC)n'do'i;mi:. indudlna. hut not lim;t~d to. c:o~b ~)f dU<'ume-ntar}'
<br />tl-id<<Jl4:", abs-h~b artd tilk ("l'pt.rh.~
<br />19. aofJU""~r-'l!j Rilih1 to f,t",ifhtatt', "....'i>,>,tl ". I "j<'lt;. 1 '.11-l1t:' ~ J.... \'wl.t!l"n -.'{ the 'own.. ..c...Hj....d h\' (hi.. ~-i,H\~a)t:t',
<br />>>Off:i.tWc-r '-J~gn hii.....e lh<: li!tht ,.. ~!,~','C "Il; ;'0\1-" ,'d 'l~" ~x:g\l!' t-.y l ;,'1\.-..1..-:1 .-0;1,.';,_",' [hI'- \",tl'f1t;il,ftl' ..l1<'u'\!llllH'I:d ,il ;tn\ t!lllt'
<br />
<br />~HA il; &4
<br />
<br />S~~ri,n~3 19H4A
<br />
|