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<br />L.
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<br />84- 005224
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<br />Lender', WflUd' agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner providcJ under paragraph 2 hereof.
<br />Any amoun!$ disbursed by Lender pursuant to thi. paragraph 7, with interest thereon, shall become additional
<br />indebledne... of Borrower secured by this Mortgage, Unless Borrower and Lender agree to. other tennsofpayment; such
<br />amounts shall be ,payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interesrf\'OlJ1the.
<br />date of. Ui~tJf~emei'"tt -at the tate payab!e f..vm t;nre to' tir:"-.e -en outstanding principal. under the- .Nof..e - unle!s' _~tJaf,.
<br />interest at such rate wouId be contrary to applicablelaw, in which event SIIch amounts shallbcarintetest attrn,hlgi1esH'ate.
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require lender wincur any"xpenRlor'take .
<br />anyaetionhereunder,
<br />8. lDlilK"'tIcm. Lender may make or cause to be made reasonable entries upon and inspections of the Property,'provided'
<br />Ihat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related III Lender's
<br />intere!:t in the Property,
<br />9, Condemlllllioll, The proceeds of any award or claim for damagcs,.direct or con.,equential,inconnectio".with':my
<br />condemnorion or other taking of Ihe Property, or part thereof; or for conveyance in lieu of condemnation,arehet'Cbyasslgnlld-
<br />and shall be paid to Lender,
<br />In the evem of a Intal taking "r .he Property, the proceeds shall be applied to the surns secured by this.MortP811f
<br />with the excess. if any. paid to Borrower. In the event of a partial taking -of the Property, unte!J....\_.Borrower-and,:~n_*"'>~
<br />olherwise agree ;n wrWng. there shall he applied to Ihe sums secured by Ihis MortgagesuchpropprriO/lofthfnl>~
<br />'IS is equal 10 that proportion which the amount of the sums secured by Ih;s Mortgage immediatelypriOf"'!O'the..dl\te,of>:
<br />laking bears to the fair market value of lhe Property immediately prior to the date of laking; with the balance'.of.th..p~'
<br />paid to Borrower,
<br />If the Propeny h abandoned Iw Borrower, or if, after notice hy Lender to Borrower that the j:Oodemnoroltjin.to3rt1a1lC ,-
<br />an award. or senle a claim ror d.maees. Borrower fails to respond to Lender within 30davsaft~tbe'datll sUCh"notie.rit
<br />mailed, Lender is authorized 10 coll~1 and apply the proceeds, at T.ender'soption; either 'to restOl'lltioniot"~-Of.-tbe;
<br />Propertv or 10 the <urns secured hy this Mortgage,
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proCeeds to principal shan.not'e"'~"
<br />or postpone the due dale of the monthly install men IS referred to in paragraphs I and 2 hereof or changethe.lfI1lQUntOf
<br />~uch installments:.
<br />10, Borrower Not Released. Extension of the time for payment or nlooilication of amortlzatiooofthesumisecurcd.
<br />by this Mortgage granted by Lender 10 any successor in interest of Borrower shall not operate to release.inanymaolle1'.
<br />tbe liability of the original Borrower and Borrower's successors in interest, Lender shall not be required to commcilce-
<br />proceedings against such 'im;ceS--sor ('If refuse to extend time for oavment or otherwise modify amortization' of-the,:-,-.uma
<br />=urcd by Ihis Mortgage by reason of 'my demand made by Ihe 'origin31 Borrower andBorrower'ssUCCCSSOl'llin interest:
<br />11, F..rbe.nmc:e by l.emler Nllt a Waiver. Any forbearance by I..,..',., in exercising any righlor remedy hereunder. or
<br />olherwise afforded by applicable law, shall not he a waiver ef. t:r-""ude Ihe exe':.loe. of any soch right or;remecly.
<br />The procurement of insurance or the pa~ment of t-,c< or othe! k. . or charges by Lender shall not be a waivet" of lender's
<br />right to accelerate the maturity (If the indehtedne~5 ~ccltred by this 1\fortgage,
<br />12. Remedies Cumulative. ,\I! remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Morlgage or afforded hy law ,'r eullily. ,md may he exercised concurrently, independently or successively,
<br />13. Successors and ,4.s5i1lns B....nd: Jaint and Sev"....1 UabiHly: Captions, The covenants and agreements herein
<br />contained shaH bind, and the rights hereunder shall inure to, the rC'ipective successors and assigns of Lender and Borrower~
<br />,"bjeel h) Ihe pro,;slOns of paragraph !7 hereof. All covenallt' and agreements of Borrower shall be joint and several,
<br />The captjon~ and headings ('If the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />int!:!pret Of denne the prcv!sion~ hercl'f.
<br />14. ~otice. Except for any notice- required under ~Ipplicabk law to be given in another manner~ (a) any notice to
<br />Ilorrower provided for In ,hi, Mortgage shall he given by mailing ,uch nolice by certilied mail addressed to Borrower at
<br />the Property Address or 3t such other 3ddre~s as Born1wer may dC~i1gnale by notice to Lender as provided herein. and
<br />{b} any nOllce to Lender shall he gIven I.w certified mail. reHlrn receipt requested. to Lender~s address stated herein or to
<br />sucn other 3dd~'"$ '-IS Lender ma); designate hv nNice ro Borrower as pruviclc-u herein. Any not lee provided for in this
<br />Mortgage shall be deemed w have heen g.ven to Borrower or Lender when given in the manner designated herein,
<br />IS. UlIlf_ l\fl>ltplgel Gooemlng Law, S.-verablllly, 'Thi, form of mortgage combines uniform covenants for national
<br />use and non-unifornl covenants wllh limited "-'ariations- hy jurisdiction to constitute a unifonn security instrument covering
<br />real prol"'rty, This Mortgage ,hal! be .",erned by the law ,'f Ihe juri,diction in which Ihe Property is located, Tn the
<br />event that any pnwision t'r dause \..f this Mongage ('or the Note conflicts with applicable law, such conflict shall not affect
<br />(lther prt..lVl~WOS ...)f thl'S, ~ton:gage \)T the Note Whl,:h can he given dfec-t without the conftictin~ provision. and to this
<br />end the: provisions. of the Mortgage and the Note are declared to be severable.
<br />16. IIorn>wer'. Copy. Borrower ,hall be furnIShed a conforme\1 eopy of the Note and of Ihis Mortgage at the time
<br />of eXei:utioft Dr after recordation heie\.)f.
<br />17. Tl1IDlIfer of 11M Propeny: ASSlIJIlption. If all or any r,m of the Property or an IOteresltherein is sold or transferred
<br />by Born)w-cr with-..:!t!! !.ender~s pnor written t..~0nst"nL e1':duding I:!! the t'reation of a Hen or encumbrance subordinate to
<br />(hI!. Mortgage. fbl the ~reation f)f a purchase money '1ccurity interest for household appHances. (c) a transfer by devise,
<br />descent or by Hperation of law upon (he death of a jt:lint tenant or (.4ltiu Bnli' 'lc DR)' hmul1 fi ifill...... af OtFlIJ' 1 nn IF 1_
<br />m' j H' iT'll.. lJ,tilJF 11 f1 n1.nJ Lender may. at Lender's option, declare all the sums secured by this rvtortgage to be
<br />immediately due and payable, Lender shall have wa"ed such optioo to accelerate if, rrior to Ihe ,ale or transfer, Lender
<br />and Ihe per$Ol1 to whom the ProperlY" tll be sold or Iran,ferred reach agreement in writing that the credit of such person
<br />is satisfaclor, to Lender and that Ihe interest payable on the sums secured by thi, Mortgage shall be at such rate as Lender
<br />shall requat. If Lender has waived the \)ption 10 aCe'elerate prOY~in this paragraph 17, and if Borrower's successor in
<br />illtel'C$! has e~ecuted a wrillen assumption agreemenl accepred in writing by Lender, Lender shall release Borrower from all
<br />~.hon-s dnrict ih~ Montnl-lU!.and the No~_
<br />'"' If Lender ex.ercises s~h~'f"lion to acc-e~erille. Lender s.hall mail Borrower notice of acceleratlon in accordant."e with
<br />paragUPR 14 hereof. Such notice shaH pr-ovide a pennd of not less than 30 days from the date the notice is mailed within
<br />wh-K::h BOflu-wcr rrt-aY Pi;I} the Stuns declarw due_ If Borro',l,er f.lils to pa;f sHch sums pri(Jr to the cxpiratJOn of such perif..1d.
<br />l.cnder tna)\ without further nottce or demand ~m Borrower, invoke any rcmcd,es permitted by paragraph 18 hereof.
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<br />NOf'i-U"'lroIJlM CO\iE.NANTS, 80ff()\\"er and tender further CQ\'enant and agfeC; as follows;
<br />,.. A~ ~ Es"I>l "" provided hi panlIlraph 17 hereof, UpoD Borrower's bna<:b of any ~ove_t or
<br />...-.. of .........er in lhiI; MorlIaae, indudllll. lhe coy.nanbi I.. pay wheD d..e any sums sec..red by tlth Mol1p&e.
<br />...... .... to ac~ sIuIll mail notI<< '0 Bor.....er as provided In P......l'llph 14 henol .pedfYinIl' (I) the breach;
<br />~... iIClitNI r;;quln;i... """" __ braJ<:h; (JI .. date. not _ titan JO day. from t~ dale; !he; Ilotltt b ",..Ute! 10 Bono"""
<br />II) ,.... _II IltadI __ ... ..Ilftlt; and (4) rb... failure to ~urc .""It Im>a<:b on or before I"" dale .peclfted III tlM notI<<
<br />..,.-tt ill a<<etuatia of 11M s....... ~....re4 by Ihlo M<lfl&lII!e. f_"-.. by judlro.. p~illl. ..ftII oaIe of the i'1opel1y.
<br />n. Atllkc .. fwdhotr lei... 80rwwer of IlIe riaht to relasiaIe .fter llCeeler1otioll and lhe riaht 10 assert In t"" fondOll"'"
<br />"""'fT.... ... _____ of .. clef'"'" ... all)' ollMr .f_ 01 iicwrower 10 ",,~;.,nUion ...... i<)l"'~. ff the bru<:h
<br />.. ... ........ ... II( beI_ .... ..... ...lfi<<4 In I"" llOlke. I.~nder at l,eod...... optloo may duJare all of the ."..... """red by
<br />... ~ 10 be ~y dw and payallk withoul further demand aad ""'-Y ("",d_ by ludldal pI'O<ftdin&. Leader
<br />.... .... "....... to """"t llt Olle" pr....~ma ail .,.,.._ "I f...<<I_.... lAdllllln&, b..1 ..... limited I.., .._ of dM.........lar)'
<br />*"~, .....,...llt ..... Ilfk r........
<br />tt.. ~.'~ toO .~~ ~(H"'Hh!i:Hm.qHlj. t codct"s ,..(\.~a::raih.)t1 ;,)t 01C :.\lfiU 5t'...'Uleti hy thi", M{\rtgaj("~'
<br />_Bof'fu~'t'f ~h-!il-H ba~ i~ :dint h. h~\-',,= ....n, Ft''OI;et;d~ng,~ ~-iml bv ! t---mkl h~ 'Cnh}f-.-:r Ihl:'!- !\.htn$ag~ ,-hi>;.::..~nunu<-~d ,H ~\lY (!tHe
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<br />NU'A 13/84
<br />fi9tl.Cii 1964A
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