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<br />005558
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<br />I.endcr's Wnlh.:n agreement or applicable law. Borrower shall pay the amount of an mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts dishursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebledne" nf Borrower secured by this Mortgage. Unless Borrower and Lender agree to. other terms or payment. such
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment thereof, and shall bear i'1terest from the
<br />date of disbursement at Ihe rate payable from time to time on outstanding principal under the Note unless .payment of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shaH bear jntet~t at the -bighest rate
<br />permissible undor applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8, Inspeclion. Lender may make or cause to be made reasonable entries upon and inspections of theProperly,provided
<br />that Lender shall give Borrower nolice prior to any such inspection specifying reasonable cause therefor related to Lenders
<br />interest 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 other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />an.: shall be paid to Lender.
<br />In the event or a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />wi:h the cxce~s. if any, paid h, Borrower. In the event of a partial taking of the Property.- unless ~orrower -and Lender
<br />,Hherwi,e agree in writing. Iherc shall he applied to the sums secured by thi, Mortgage such proportion of the proceeds
<br />as is equal to that pu'portion \\lhich the amount of the sum~ <.;ecl1red by thi~ f..-fortgage immediately prior to- the- date-'of
<br />taking be;", In the fair market valne "f the Property immediately prior to the date of taking, with the halance of the proceeds
<br />p~id to BOi"rnwer,
<br />If the Property is ..hand"ned hI' Borrower. or if, afler notice oy Lender to Borrower that the condemnor offers to malce
<br />an awnrd or ""culc a claim for damages, Borrower fails to respond- to Lender within 30 days after the date such notice is
<br />mailed, Lender is :1l1rhorize-d to coHect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the ~lIms secured hy this Mortgage,
<br />Un!('$s Lender and Born)wer ntherwise agree in writing. any such application of proceeds to principal shall not-extend
<br />or postponc the due date of the monlhly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />\uch inslallments.
<br />10. Borrower Not Released. Extension of the lime for pavmer" or modification of amortization of the sums seCured
<br />by this Mortgage granted by Lender to any successor in interest or 'Jwer shall not operate to release. in any manner,
<br />the liability of the origin31 Borrower and Borrower's Sl1CCef.SCl' l~ ,l1terest. Lf"ndl;;:~ shall not be required to commence
<br />procc:..'Cdings against 'illch "lIccessor or refuse \:, ~x(i:!ld time h r~aymcnt or otherwise modify amortization of the sums
<br />secureu by this Mortgage hy reason of any dem::md made by [he original Borrower and Borrower's successors in interest.
<br />11. Forhearance by I~ender Not a Wah'er. Any forbearance hy Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded hy applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy,
<br />The procmcrncnt of insurance or the ra~'ment of ta\cs or other liens nf charges by Lender shall not be a waiver of Lender's
<br />right to 3((.'l'lcratc the maturity ~lf rnt: int.iehtcdn~ss "1..'curl"J hy thi" Mortgage.
<br />12. Remedies CUf11ulati~t". ..-\11 remedies pfl)'.;iJed in this i\-1ortgag~ ;rc distinct and cumulative to any other right or
<br />remedy undt',!" thi~ Mt'n~ag~' ~H atTordcu by la\\' (lr t~quily, anu may h~ c.\cr(!scd concurrently, independently or successively.
<br />13, Succe<sors and As..i~n' Bound: Joinl and Several Uability: Captions, The covenants and agreements herein
<br />contained shJl1 hind. ,md the rights hereunder shall inure to. the respc\.'tive successors and assigns of Lender and Borrower,
<br />subject to the provi",ion~ of paragraph 17 her~('1r. All covenants and agreements of Borrower shaH be joint and several.
<br />The captio!l~ and heaJing" of the paragraph~ of thb ~fortgage are for convenience only and are not to be used to
<br />interpret or define the provi'iioll'- hereof.
<br />14. ~otice, Except for any IwtlCe required under <.Ipplkable taw to be given in another manner, (a) any notice to
<br />Borri.."\wer provided for In this ~M('rtgage >;haH he gi\.'cn by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address l)f .-u such other ~l.ddres" 3S Borrtl\\-("f may designnte by notice to Lender as provided herein. and
<br />(h) any noti..:~ to Lender ~h3n he gi\'(~n r,y certified m.ul. return recc:-ipt requested, to Lender's address stated herein or to
<br />such other address :l'\ I..-:nde-r ma\ ,k:-ilgnate b~ notice tn Borrower as provided herein. Any notice provided for in this
<br />_Mortgage 'ihail he ..let'med to have heen given to Borr('lwer ('Ir I,cnder when given in the manner designated herein.
<br />IS. l!niform 'Iort~age; Go\'eming I.aw: Seve-rabUit~.. This form ('\.f mortgage combines uniform covenants for national
<br />L1SC and nOIl-unifprm c\''!-venams with limitcJ v<triati0ns hy juri~diction to constitute a uniform secllrity instrument covering
<br />real property. Thij !\forlgage ,hall he governed hy the bw nf the .jurisdiction in which the Property is located, In the
<br />event ih3t ~lny provjsi~)j) or ciau:-c ('of thi" Mongage- (If the NOlt' c~lnfljcts with applicable law~ such conflict shall not affect
<br />other pr~w:sion... uf ihis Mongage or the Nflt!..' which can he given effect without the conflicting provision, and to this
<br />end the rrovis.i"'lflS ..1f the M0rtgagc and the Nlltc arc declared t~l he severable,
<br />16.. Borro"er's Cop,)". BOff\w.'cr shelll be furnished a ~llllflHmed copy of the Note and of this h.fortgage at the time
<br />of exei.":\ItJOn or after rCt;ordatlon h~feot.
<br />17. 1'r"ll5fer of the Properly: Assumpliou. If all Llf any part of the Properly 'If an interest therein is sold or transferred
<br />by Borrowl:r with"'HI! Le-nder's prior written ("onsent, L':\~luding (<1', the creation of a lien or encumbrance subordinate to
<br />this Mortg;:igc, (h) the creation of a pUfI:hasl' money ';;C(;UrilY intc-rcst f(lr household appliances, (c) a transfer by devise.
<br />descent or by operation of lav. upon the death ()f a jOint tenant ~lr (.1] tJlII srant fIf fin; "HlIUROhl ia.Brut sf tRfllil j ilRlII or IlliG
<br />~ut jrlCdRiA8..... :-,tiil 1J J! ~rlJ~ Lender may, at l.ender's llp1l0n. declare :.\11 the sums secured by this Mortgage to be
<br />immediately due and payable_ L:ndcr ...hall have ..."uived slIch t)pllOn to accelerate if, prior to the- sale or transfer. Lender
<br />and the pcrs...1n 10 whom the ProperlY is ro he sold ~)r transfcrreJ rca~h agre~mcnt in writing that the credit of s.uch person
<br />is satisfactory fO Lender and thill the imercst paY':l.blc on thl' s.lIfnS s.ccured hy this Mortgage shall be- at such rate ~\S Lender
<br />shall request. If Lender has waived the t1plion t\) .lc.:elerale provided in this paragraph 17. and if Borrower's successor in
<br />interest has executed a wrinen assumption agreemenl accepted in writing oy Lender. Lender shalt release Borrower from all
<br />obligations lInder thi, Mortgage and the Note,
<br />If Lender c:xercises such option to accelerate. Lcn..la ,hall rnai] Borro\\'~r notl":!.' of acceleration in accordance with
<br />paragraph 14 hCf'C0L Such notice "hall previde a pcri~)d of !WI kss Ihall ~O days fnlJ11 the date the nOlke is mailed within
<br />which BOtrf\WCr may ra)- [he :>oums deciarcd due. If Borrov.er fails 10 pay Slk'h sums priiJl' to the ex.piration of such period.
<br />Lender may, without further notice 0r demand ~lil Horrl'\.WCr. nlV,,)..c J.ny n:m.:dies permitted hy paragraph I H hereof.
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<br />NON~VNIFORM CO\"EN:\NTS_ Borrower ~llld Lender turthCI ,:,:o\'('n.!iJ( and ~lglce <is follows:
<br />18. Accekration; Remedies. Except as pro\'ided in paragraph 17 hereof. upon Borrower's breach of any f.'ovenani or
<br />agreement of Borro"'er in thi" Mortgage, in(.'Juding fh... cO\t'naub to pay when due an~' sums ,sef.'ured by this !\-tortgage,
<br />under prior to ac{'eleration shaD mall nutice to Borro",.er ~s pro' ided in parallraph 14 hereof specifying: (1) the breach;
<br />ill the action required 10 cure suc'h breach; (3; . date, nol I...... than 30 daIs from 'lhe date the notice is mailed to Borrower,
<br />h) which such breach must be cured: and (4) Ihat failure 10 ,'ure 'lleh hreach on or before Ihe date specified in the notice
<br />may result in a('('fle-ration of the sum.';,; ~('cured h)' thi.~ 'f()rtK~e. fureclosure hl judidal"roc('-cding and sale of the Property.
<br />"lJte noUet )hall further inform Bonowcr of th.a: right '0 rcin!Jlale after acceleration and the fighl to assert in th~ toreciosure
<br />pr(K'~.i.ng .bt' non~e;dstence of a default or all} utber defense of Borrower to a\:celcrulion and foreclosure. If the breach
<br />is not cured on or be-fort' the date ~pedtied in the notice, tender at l.ender's option ma} de(:hare aU of the sums st.',,"ured by
<br />this \h:ntgagt to b( inullcdhdtl} due and payablt wilhout furth~r demund and ma.' furcdn~(' b)" judidal proceeding. Lender
<br />~han bt' ('nUHl'd It.) (.(.U~\"t in ~ul'h p..nn:edi.n~ aU (.....pt.;lht.~ nf fmcdnsurc, iududhlR. hUE nol limited to. ..'osts fif documcnhu)'
<br />e\iden("t-~ Hbslnuh and titk reports,
<br />19. aC.Jf'ruV4"~_r'~ Right lu Rdn.\1aIt:, !\;;Jt........l!_h_\LinLLng I d1dc;\ ,i~,I.t.'k';;,;(H\H ,\1 lIlt.: ....(lm, "l:~!ln'd h~ illb ~ldf{g.lgc,
<br />BOH;;w,'..-;-r ..JtilH h~,ir'(: lht: ftghl ~~, h;~"l: ,111\ PHhxtdillg\ i'q~uli t-,\ 1 ~.llJlCl to.; \ ;;1,)11.\: rhb .\L"ilg,jgl" dh-..-..HlIHH\t:J ,;1 ;tllY tqllC
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<br />:.ilfA 8/84
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<br />::;et'1~}~1 1<104/\
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