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<br />84 - 005396
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<br />I.entk-:(s wrHldl agreemeot or appli"';l.h~e law. Borrower shall pay the amount of aU 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;shallbe!:,ome-,additlonal:
<br />indehledness of Borrower secured by this Mortgage, Unles.. Borrower and Lender agreeto'otber, tennsof'paytnerikll\lCn--
<br />amollnts shall he pavao'" up"n n"tice from Lender to Borrower requestine payment thereof! and $ball bear int~re$I':frtll'ItthlV-
<br />date of disbur!;cment at the ratc payahle from time to time on oHi$tand!ng pJincipal under,the--Nate --t.m~:-paYt1'Kmtc'~f-::."
<br />interest at suebralc would be contrary to applicable law, in which event sucb amounts shaUbeal'tnterestat 'the~;1at!-:"
<br />permi.sible undcrapplicablc law, Nothing contained in this paragraph 7 shall require Lender toincur-any-:el<peilB&:-or>'take-r:
<br />any action hereunder. -, '"
<br />8, InspedIDn. Lender may make or cause to be made reasonableentrles uponamHnspectiollS :()f4bef>..operty,>p~\<i~;-:
<br />lhat Lender shall give Borrower nolice prior to any such inspection specifying reasonable cause tberefol"telated: to:L~-~
<br />interest in Ihe Property, , __, _ __--::-
<br />9. CondemnatlDn, Thc proceeds of any award or claim far damages; direct orcanlrequential,inconnection:wltJf,!,ail)""-
<br />condemnation or other taking of the Property, or part thereof; or for conveyance in lieu of condemnation; arehereby'assigiled:"
<br />ami shall be paid to Lender. -
<br />In the cvenlcf a total taking of the Property, the proceeds shall be applied to the Sllms- secured by tbis--Mot!liage;""
<br />with the excess, if any, paid (" Borrower. In the event of a partial taking of the Property; Ilnles.Borrower"andL.~-'
<br /><'therwi'e agree in writing, there shall he applied t6 the Sllms seellred by this Mortgal!Csuchproportion---ofthlt,p~--
<br />os is equal to that proportion which the amount of the sums secured by this Mortgage immediately,priorlonhe--datei'of;:
<br />taking bear< to the fair market value of the Propertv immediately prior to the date of taking: with the balllllCe:aft"""p~s-
<br />paid to Borrower,
<br />If the Property is abandoncd by Borrowcr, or if- after notice hy Lender 10 Borrower that the condemnor olleBfiHwdtti'
<br />:\0 award or sellle a claim fnr damages, Borrower fails 10 respond to Lender within 30 daysafler'1hedate sucltcnotice,is
<br />mailed, Lender is amhorized to collect and apply the proceeds, at Lender's option, eitber to restoration or'tepair-of;they
<br />Property or tJ,.1 the sums secured hy this ~fortgage,
<br />Unless Lender and Bormwer otherwise agree in writing. any such application of proceeds to principal shall :notex~,'-
<br />(Of postpone lhe due dale of the monthly installments referred to in paragraphs 1 and 2 hereof or changetheamountaf
<br />'mch installments.
<br />10. Borrower Not Rekased. Extension of the time for paymenl _ ",odification of amortization of the sums secu",d
<br />by this Mongage granted by lender 10 any Sllcces..."!or ill ir'tcrest (':: Bf:, ;ver shan not -;perate to release. in any-manner.
<br />the iiahiiilY tlf the origii'iili Burrower and. Burrower's 5,iCC'C'-;);o.U;".'\ i'H\;re~t. LcnJer r..naH iiot be required to CO-!J1mence
<br />proceedings against such successor ('If retuse to c.,acnd time for payment or otherwise mo<iify amortization' or ioe sWfii:
<br />Ilccurcd hy this Mortgage ~y reason of any demand made by the original Borrower and Borrower.s successors in interest
<br />t I, Forbearance by Lender Not a Waiver, Any forbearance by Lender in esercising any right or remedy hereunder. or
<br />olherwise offorded oy opplicable law. sh,,1l not be a waiver of or "reclude the c"ercise of any such rigbt or. remedy,
<br />The procurement nf insurance or the payment of taxes or ('other liens {'If charges by Lender shall not be a waiver of Lender's
<br />right to a~ce1cratc the maturity of the indchtcdn~...s sl,~cllrcd ~y this ~-fortgage.
<br />t2. Remedies Cumulative. All remedies provided in this Mortg:tge are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded h\" law or equity. ,lIld may he exerci~cd concurrently, independently or successively.
<br />13. SuceesiOrs and Assij:ns Bound: Joinl and Several Liability: Captions, The covenants and agreements herein
<br />contained shaH bind. .:md the rights he-rcunder shall inure to. the rcspec-ijvc successors and assigns of lender and Borrower.
<br />'\Ubjccl to the prtwi-sjon~ of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The caption.... and headings ('If the paragr-aphs of this ~-fortgag~ are- for convenience only and are not to be used to
<br />jnterpret or define the provision,- hereof.
<br />14.. Notke. EXL-ept for any notice required under applicahle law [I) be given in another manner. (a) any notice to
<br />Borrower provided for in this ~-1orlga.ge ..hall he given hy mailing \uch notice by certified mail addressed to Borrower at
<br />the Property Address or at such l,)iher .Hidrcs~ as Borrower may designate by noeice to Lender as provided herein. and
<br />(b) any nOlic~ to Lender '\hall ~e gi\'~n ~y certified mail. return receipt requested. to Lender's address stated herein or to
<br />such other address 3S Lender may designate ~y notice h) Born..')'\.\"cr as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed tt) have heeo given 10 Borrower or lender when given in Ihe manner designated herein.
<br />15. Uniform I\1ort:ace; Go"eming Law: Sel'erahility. This form \)f mortgage combines uniform covenants for national
<br />use and non-uniform C(\Venams wirh limircd v,triatlOos hy Jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage ,hall oe gm-crned hy the law o( the jurisdiction in which the Property is localed, In the
<br />~v.cnt that .~l~Y r:ro:js~~~ :: dal.lsc. ('f !h.i~. ~~'r:~..g7 (\:_ the ~_o_te,,~~~-,.~tli~~;.~~it.~.:~!.:I~c~~~e .~:~~:~:j~:~ c~~~.i;~...s...hal~..~ot a~~
<br />clller pr\)\,I'loIOnS \.~I lnb !\olongagc \.lr tile l"oi",tt. V.UI\.ll ....Ul o\; gl'lCi1 ....111.,;...1 ~...ltllul.h un.. .....".......uu5 t.l.....l~.v... .......... to ...!5-
<br />end the provisil.)Os ('f the Mortgag~ and the ;-"';\)tc ,Ife declared to be severable,
<br />i6, Borrower's Copy. Borrower shall !>e fll",,,hed a "<,"formed copy of the Note alld of this Martgage al the time
<br />of execution or after recordation hereof. ....- --"-.
<br />17, Transfer of tbe Propeny: Assumption. If all or any pan of lhe Property oraa--itlt,ei;>;b lherein'~s sold or transferred
<br />by. Borrow~r without Lender's pnor written consem, excluding (~I) rhe,.scc-tiot'l of-,a.'lit;:n or encumbJ1l~ce subordina_te to
<br />thiS Mortgage, ib) the ~reation of a pUCi.::ha'ie money ~c;.;uruy IOtcr~_ for ,household appiiap.ccs\;- (c), a'~ transfer by devise,
<br />dc..'Ccnt or by operation of la\\' upon the Jeath of a j(\illt tenanr 1.)1' (J) ttfil.IDlRt l1f allY h..luhl' iRtorlJat of "usa l'llRMi or illiG
<br />~~~ ~1l"r;l'~pa IIFl ,liRA IJ PWf' Fll1 r, Lender may. at lender's option'~ de..:lare all the sums secured by this :Mongage to be
<br />immediately du~ and payable, Lender shall have \\-<lived Slii:h option to.accelerate if, prior to the. sale or transfer. Lender
<br />.and the penson fO wh1Jm the Property i;; to be ~olJ or transferred reach agreement in writing that the credit of such person
<br />is satisfactory [0 Lcndt:r .md that the intere~t payable on the slims- secured by this Mortgage shall be at such rate as Lender
<br />shaH request. If l.er:der has. waived the option !O J.ccelerate pro\'id~d in this paragraph 17. and if Borrower's successor in
<br />interest has e1.ccuted a written assumption agreement accepted in writing hy Lender. Lender shaH release Borrower from all
<br />obligations under this Morlgage and the Note_
<br />If l_ender exerdscs such option to accelerate, LenJer shall mail norro\li~r notice of acceleration in accordance with
<br />paragraph 14 hereof, Such notice shaH provide '-I pcri,,)d of oN less than 30 days from the date lhe notice is. mailed within
<br />which Borrower may pay the ~ums declared due. If Bornw.er fails to pay su~h sums prior to the expiration of such period.
<br />Lender may, without further notice or demand on Bo;n.l\'.'cr, inveke ~ny r~mcdies permitted by paragrapn I S hereof.
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<br />NON. UNIFORM COVENANTS. Borrower and Lender fUrlher covenatH and agree as follows:
<br />18. Aeceleration: Remedies. E>:eepl as provided in parallraph 17 hereof, upon Borruwer's breaeh of any covenanl or
<br />acree_nt of Borrower in this Muftglll\e, indudillll Ihe <'OHllauts to pay wbell due an~ SUUlS seeured by this Morlgaae,
<br />Le.del prior 10 ""cderation sbaII mail nolke to Borrower as pru'ided in pal'tlltraph 14 b.reof spedfying: (I) tbe breacb:
<br />(2),t'" adioa required to eu", sueh breacb; (3) a dale. noli.... than 30 days frum the date the notiee is U1ailed to Borrower,
<br />bywllkli SIKh breaeb musl be eured; and (4)lhat failure 10 cure Sllch hreaeh on or b.for. tbe dale sp<ciIied in the notic.
<br />may resull in ""eel.ratJoa of Ihe sums seeured hy Ihis Mortga::e, foreclosure by Jndidal proceeding and sale of tbe Property.
<br />The notice sball tur1her inlorm Borrower of Ibe rigbl 10 winslate after acc.leratioll and the rillbl to assert ill the foredosure
<br />prOceeding lbe non.ulstence of a delaoll or any other tiden"" of Borro"'er to aereleration and foreclosure, If Ihe brcaeh
<br />is not cured 011 or before tbe dale spedIied ill lhe !lOlice, Lender at Lender', oplion U1ay declare all of Ihe SUIDS se<:ured hy
<br />lhis Mortgag. to be immedlaMy due and payable without furtber demand and U1e)' fowcl"". by judidal pr""".dine. l.ellder
<br />:!thall be entJtled to colkct in s.uch pn>>(.'ctding all t'xpe-oses of roreclo,~nrt". induding~ hut nol limited to. l,:o.~t$ Il( do(:umcnlary
<br />nicknc., ah>:tre('" und title reports,
<br />'9. Borrowu's- Riaht to Reinstate. NOlvdthstamhng l.;:mkl\ ,h...-der,lll(~n "r rhe ..ufll'i \{~nlIl,;d by lhi~ Mongtlgt'.
<br />Hi,1-fftYWtr lo.hail have the right In ha\'~ ;W} prcl("t'cding\ begun h;, I cr;der h~ tnf-or-:l: thj~, Ml1n~.tgl.: ',li"loi.:lllH11H!CJ .it ~\lry tlnH,'
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<br />tUFA 8/84
<br />Series 1984A
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