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<br />84 -005256
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<br />Lender's wrill'nagreement Of applicable law. 8orro",l'lI' sball PlIytheamount of all mOl1gage insurancepremiumsi~<1hf:>
<br />manner provided under paragraph 2 here<>f... . '. ..... .'i ..... ............. .......JJ.. .
<br />Any. amollnts disbul'$Cd. by Lenderpur~uant to tbis paragraph 1. . Witlljnterestt~.shallbeCOI'I!O"lidlli
<br />indebt"dne"~Qf~rowcrsecured bythisMOl'tgage,.Unles.,BotroWCr and Lerl<lera~to'Qt""r~. . .
<br />amounts ,mall.be paya!lle np<.1n OQIice .from.Lender to Bo~.~..cstl!!g'f}!!ymentt~f,and~..a!I'!i!m
<br />date",f <li!lbt!rsemelllat tbel'MC. .payable from' timetn time' 00 OlltStltnding .ptincipa1umiettlle"
<br />interel!t auuehratcwoufdbe contrary to applkab!elaw ,in whicbeventmch amOU1'l!Sishillt.belt411f~;al't '.'
<br />permissible under applicable law. Nothing contained in this paragraph 1 shall requireI.end<irtc.iooift\any;
<br />any action bereunder. . . .' .. . . . .. ..' ...'
<br />8.lDspeedolt. Lender may make oreauseto bemltdereasoll!lhlemtriesUjlOllancN~bf'
<br />that Lender sh.dlgl,ve BorrowerllOtice prior toanysuchinSpeCliOn speeifyingm>iOf\!Ihle'ca_.tliliref<j1'
<br />inlere". in the .Property.
<br />9, CoadenlltadoR, The proceeds of any awaroor claim for damages, direct orc6Il&eqUential, in WIl
<br />condemnation or other taking of the Property. or part thereof. or tor conveyance in lieu ofcOtldemnation,are b~
<br />and shall be .oaid to Lende<, ..
<br />Jnthe e'vent'nf a total taking of the Property, the proceeds shall'be applied to the silms'secttnld
<br />with . the exce... if any, . paid to Borrower. In the event of a panialtakingoflhePl'operIY.UoJeSs' .
<br />otherwise agree in writing, there shall he applied to the sums set;uredt>y this Mortgage suclI'p. .
<br />as is equal to that f'top<.1r1ion which' the amonnt of the.urns secured' by this Mortgagehl1mediale1l''pliClr''~
<br />taking benrsto the fair market value of the ProperlY immediately priOr to the dateoHaking,Witlnhe bldanC&.tlt'1be "
<br />paid to Borrower, . .' ..... . '. .. .'.><:;.;.C
<br />ff the Property is abandoned by Borrower, or if, after notice hy Lender toBorrowerthatthel:Otldtmtior~~~'
<br />an award or settle a claim for damages, Borl'OW<!r fails to respond to Lender within 30 daysafterthed"le'~'~is.
<br />mailed, Lender ;s authorized to collect and apply the proceeds, al Lender's option, either' 10 reslonttion"r~'of;""','
<br />Property or 10 lhe sums secured Ill' this Mortgage. ....
<br />Unlm lender and Borrower otherwise agree in. writing, any such application of proCeeds. 10 prlnclparshal!'IIGt'exle!l!" .
<br />or postpone the due date of the montbly installments referred to in paragraphs 1 and 2 hereof cf.chllnle>thtililOOtlllt';<lf
<br />such installments, .
<br />10. Bormw<< Not Released, Extension of the lime for payment or modification of amorlization of thesumsseeun!CI
<br />hy this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in anymll1UlCt',
<br />the liability of the origin. I Borrower .nd Borrower" successors in interest, Lender shall not be required to collUl1CllCe
<br />proceedings against 'Such ~uccessor or refuse to e.~end time for na\'~. ~ or otherwise modifv amortization of the.".oms
<br />secured hy Ihis MOrlgage hy reason of any demand ma;le by Ih.' ""~J'''~i Borrower ,..j BorrOwer's succ:essors in interett;
<br />11. Fortoearance by lAmIet Not a Walv...., Any (,'theMa", " Lender in exercising any right or remedy bere\lll~;or
<br />otberwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any aucllrighlor remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by tender shall not he a waiver of Lender's
<br />right 10 accelerate tbe maturity of the indehtedness ",cured by this Mortgage,
<br />12, Remedies CUlIlulative, All remedies provided in this M<>rtgage are distinct at'd cumlllative to any other risht or
<br />remedy under this Morl!;age or afforded hy law N equity, and may be exercised concurrently, independently or sUceeMivety,
<br />13. Suc:cessors uti Asd&... .....nd; Jomt and &-...eral UabOlly; Capdo.... The covenants and agreements herein
<br />contained <hall bind, and the righls hereunder shall inure to, the respective suc~..ssors and assigns of Lender and Borrower,
<br />subject to the pnwislOns of paragraph 17 heroo(, All covenants and agreements of Borrower shall be joint and several,
<br />The. caplions and headlf18S of lhe paragraphs of this Mortgagc are for convenience only and are not to be used to
<br />interpret or define the provisIOn< hereof.
<br />14, Notk:e, Except for any notice required under aPl,lie.ble law to be given in another manner, (a) any notice to
<br />Borrower provided for in Ihi< Mortgage <hall be given bv mailing such nolice by certilled mail addressed to Borrower at
<br />the Property Address or at such other address as Born>wer may "",ignate by notice to Lender as provided herein, and
<br />(bl any n(lht:~ ((l I_end!.:!' s:haH he given hy certified mei!. return rec~ipl reqt..ested. to lender's address stated herein or to
<br />such other address as Lender may desigu.,e by notiee to Borrower as provided herein, Any notice provided for in this
<br />Mortgage shall be deemed lo have been given to Borrower or Lender wben given in tbe manner designated herein,
<br />IS. UaiIena Mo~; Go...enliltt Law: &-ffrahillfy. This form of mortgage combines uniform covenants for national
<br />use and nt.lft~uniforro covenants with timireJ \"J.ftatJOns hy juri'\dlction to constltute a uniform security instrument covering
<br />real pfOf'l'rty. Inis Mongat:e ,hajj be governed hy lhe law of the Jurisdiction If! which the Property is located, In the
<br />eVCDt tbat any provision or elaus..' of Ihi, Mortgage M the NOle contliet, with applicable law. such conlliet shall not affect
<br />other provjsion\ l.'tr this Mortgage ,)f the Note ""hit.'h can be given effect without the conflicting provision. and to this
<br />end lbe provisions of tbe Mortgage and the 1';,'te are declared to be severable.
<br />16. Bonowen Copy. Borrower ,hall be furnished a l:"nformed copy of Ihe Note and of this Mortgage at the time
<br />of execution or 3ftcr TtcordatiQo here(lf.
<br />17. 1'noIIIIfer of the Propeffy; A_mplien, If all or any part d the Property or an interest therein is sold or transferred
<br />by Borrower withoul tender', priOr wrinen consent. e,eluding (a) the l:realion of a lien Or encumbrance subordinate to
<br />this Mortgage. (h) tbe aeation of a purchase nwney ,eelJlity mlereS! for household appliances, (c) a transfer by devise,
<br />des4.."mt or by operation of Jaw upon t~ death of a joint tenant or 1 jt tau ara-1 if 1"1' 11l1ltnU lRl.....t at '''rt. 1"1" 8r 1_
<br />-'I' 'IT . 11, "F' IT .,'i.a iii p~nhll f Lender may. at lender's option. dcclare all the sums secured by this Mortgage to be
<br />immediately due and pa)'able, t.ender sh.lI have waived '!I,'h option to accelerate if, prior to Ihe sale or transfer, I.ender
<br />~nd the peraon to whom the Property is to be sold or transferred reach agreement in writing that the credit of <nch person
<br />IS satisfaclory to Lender and thai the intere't l>ayable on the ,um' secured by this Mortgage shall be at sucb rate as Lender
<br />shall request. If Lender bas wai\'ed tDe option It' accelerale provided in this paragraph 17, and if Borrower's successor in
<br />int~ b~ e~e:cyted .. wriH{'Jn assumptin..f1 agttt'-me~! !!:ccepted in writbg by Lender. Lender s..'1aH re!e:i1.e Borrower from aU
<br />obiipUOlU under tblS Mortgage and the Note,
<br />If l.e.nder exCf{.ises such flption to acce1eratt. Le.nder shaU mail Borrower notice of acceleratit..m in ac,ordance with
<br />parlllrapb 14 hereof, Such notice shall provide. period of not less th.n 30 day. from the date the notice i, mailed within
<br />which Borro'.ier may pay the sums declared du", If Bo((("'~r filils 10 pay .uch sums prior 10 the expiration of sllcb period,
<br />l.ender may. without further notice or demand on Borrower, invoke auy remedies pernllued by paraglaph 18 hereof,
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<br />NQN~UNIFoaM COVEN.\NU. Borrower and Lender further COVenall( and agree as follows:
<br />I" A~notiooI> a-dies. Euepl as provided la ....l1llIrapll 17 be"",f, upon Borrower's breach of .ny covenanl or
<br />..-ut of Bono..... I" thh Mot1&lIIe, l~h.diJl(l lbe co'on.nl. 10 ....y when d"" any .un", secured by thlo Morta..e,
<br />....... priM 10 ~ sllall mall _In I.. anno..er ... prmided ill paraerapll 14 h.reof spedfyl"" (I) th. ",""h:
<br />(I) the aortIoot ~ 10 <lire audl hreacht Ill. ot.te, not .... than 30 Ita)'. from the dale tbe IKltlt:e Is mllll.d to Bonower.
<br />!If wWdl_h lon\aela IBlIIf lie cured; ad 14llhat fallare to Cllre .....h bruch on or befOfe tbe dale spe.ci&ed I" lhe nolke
<br />IIllQ' ..... llt .....,.title of the _1m ..cured by lbio M~t. foncklSUre byiudleta! Proeeedlllll arid sale of Ihe Property.
<br />1lle IIOtkt dlaII hid,," hd_ IIorwwer of lite richt to .......tal. afl"r ""cdefalk... and IIIe rl&bl to _11 In the fondo'Im!
<br />P'OCn.... the _......... of a de""I Of ....Y othe. defe...... of .....ro..ef to a<<tltratIon lUId fureelooi1lN'. If tile breach
<br />Ii .. <VAll ... i>f lid..... !be ot.t. lpIldlltd la tile DOllet, l.ettder at I..ender's "tItion may d<<bue all of the _ St\'\lred by
<br />... ~ 10 be l-elatety due ltIld ,.yable ..IUmut fW'lller deaumd aad _ t.....eloM by iltdlelal Pro<<edllll' hnd",
<br />..... lit ..... io "olIKt ... '''''" ......teditt& all........''''' of f_I......... 1",,1udlQa;, but not UIIlIU4 to, c_ .., 1I...II....,lllary
<br />niodetKe. .....rll<.. .Jld title ......m.
<br />It. Iornwteft .Ie". to Ild"'ak~ N,-'twJthsta.ndllli l.(:oUct',.., .tt:.:dcuta.Ht \,iJ the 'l,{lm.,. ~(,\:Hf'cd oy this MOllgag\.!,
<br />8of~f ~n.n hArt [he ritht lo n;wc: an)" rJO('t~~-din&~ begun b,)' I endcl {l' Cnlflf({" thl" ~h).rl.gal(' di!>.(.-I.'fHtfm~d iH any HOle
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<br />NIPA 8/84
<br />St>r Ies 1 !Hl4A
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