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<br />84 _ 005672
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<br />f .cmkr\ Wflu""n .lgn..-CmCnr Of apptkable law. Harrower shaH pay the amount of aU mortgage insurance premiums in the
<br />manner providcJ under paragraph 2 hereof.
<br />Any affiOi.mts. di50Ufsed by Lender pursuant to thi3 paragraph 1, with interest thereon. shaH become additional
<br />indehledne~:'j of Borrower sceuft'd by ,his Mortgage. Unless Borrower and Lender agree to. other terms of payment. such
<br />amounls shall be payable upon notice from tender 10 Borrower requesting payment thereof. and shail bear inlereslfrolit the
<br />date of di...h~lr~m~nt at the ffttc paYRbt~ from !!ftW to lime on ol!tstandLl1g J}rincipal under the N01e unless payment of
<br />interest at such ratc would be contrary to applicable law, in which event such amoulltS shall bear interest.t the highest rate
<br />permissible under applicable law. NOthing contained in [his paragraph 7 shaH require Lender 10 incur any C^~ or take
<br />:my action hereunder.
<br />~. ~~~. L,=,~!' ~~~ ~~~~ i\!" t'~~~~ t~ ~- rp~ti~ !,p!.It;nrl.2hlp Pl\tnt;"-Cl_lInnn and i-Mnedions of the ProrieTtvlr-nrovided
<br />that Lender ~hltlf give Borrowe; notice prior to ~ny such -ins~tio~- s~~ifying' ~onabte cause therefor-relatetf to Lenders
<br />In[ere.;~ in the Property.
<br />9, Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connecticn with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned'
<br />and sh.1I he paid to Lender,
<br />In the cvent of a totai taking of the Property. the proceeds shall be applied to the sums seeuredby this Mo~ge;.
<br />with the C'<.:-:c~s, if any. paid to Borrower. In the event of a partial taking of the Property, unless Borrower- --and' Lender:
<br />.>thc","';," agree in writing, there shall he applied to the sums secured by this Mortgage such proportion of the.prdooedi
<br />;\5- I'; eQu;ll h,) that pmf)l^lr1ion which rhe- -amount of the sums secured bv this Mor1R:3ae immediately prior to tiH;.:-datc__:Qf
<br />laking bear; to the rair market vallie of the Property immediately prior \,,-:he date of taking. with the balance ofthel'~
<br />paid to Borro\\-er,
<br />If the Property i, abandoned ~y Borrower, or ir. afler notice ~y Lender to Jorrower that the condemnor oII'ento.lIllIIi:e
<br />3"n .award or settle a daim for damages. Borrower fails to respond to l~ender within 30 days after- the datc-s:uch>ootiCe_-js-
<br />mailed, Lender i, iluthorized t" coUect .nd apply the proceed!. at Lender', option. either to restoration or rqiairof tile
<br />Property or to the ...um_\ set.:ur-ed hy thi:; Mortgage.
<br />Unlcs'\ Lender ~md Borrt~wer other-vise agree in writing. any such UDr',. ,-don of proceens to prin<:ipal shall'ftot e.teft4-~
<br />or pt.l"-ipiHlt (he due diHr: tJf the monthly instaUment-:; referred to \fi ; '~.~~f'hs t and 2 hen.of or change the amount of:
<br />,>uch installment,;;
<br />to. Borrower Sot Released. Extension of the time for payment or modification of amortization of the sums- secUred
<br />by thi... M{\r1g.age granted by Lemler to any SUCCess0f In interest of Borrower shall not operate to release. in any mantter,
<br />the iianiiiry III ,he nriginuJ Borrower ;ami BornJwc(.., ~lI1.:-L.:CSM.IT:<O in interest. Lender :ill.H fiot ~ re-'iui~d to ~menee-
<br />procc-eJings against ...nch 'HJCccssor or refuse to c:nend time for payment or otherwise mod:~fy amortization of the suma
<br />o;,ecurcd hy [his M~~n:gage p~' reason f~r ;;1~Y demanu m3ae hV the original Borrower and Borrower'1- successors in interest.
<br />J 1. Forbe<arance by tc-itder Not a "'.her. Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />nthCf\lJ'i!>t: atT0fdet..i h-v .J.pplicablc !;lW, ..hall not he a waiver of or preclude the exercise of any such riaht or Nmedy,
<br />The prOCllrement (If insurance or- the pa\'ment t~f tones ('If other liens or chan~es hv Len~r shall not be a waiver of Lenders
<br />right to a<.:l'ek'rate tht' m;uurilY i\1" the IfHichtedne..s ,('curcd hy thi... Mortgage: "
<br />12. Remrdito-s Cumulative. All fr:mediec; pro\tJed in thi" Mortgage are distinct and cumulative to any other- ript or
<br />fCffit'Jy under thiS Mt'lftgagc (H aff(...rdcd hy law \'.r c4ui-ty, ,iod may be t.~\erci,,;;cd concurrently. independently or st~.
<br />13. Suee........ an ""'i!:n, Bound: Joint and St-..ra1 Uabillty: Captio..., The coYenants and agreemetlls herein
<br />contained ,half hind, ilnd the tight" hereunder ",hall Inure to, the respectIve suCCesSOr.i and ilSsign-s of Lender and Borrower.
<br />,;,ubject i:(l ih~ Pfl-''''l''ifn,,, '-.,f p.u'-tgr:q.h 17 hereof All Cifvi,:"anis iU'id agre-emem~ {:~f Borrower shalt be joint .and sevend-
<br />The captilms .md headmg.;; of the paragrapl1.., l'( this Mnftllagc arc for t'onvenience only and are not to be used to
<br />inttT'!"'ret Of define fht~ pwvl'iinm. hereof.
<br />i4. Notic-t'. E.,.,,:ept (e-r any no!t~e- feql.llrt:d under ~Iprlkabie Jaw tL1 be given in another manner. (a) any notite to
<br />Borrower pnwide-d [Of '11 thi~ Mi,lrfgage shaH he g,,,'e:n bv m;llling <i-uch notice by l,:crtitled mail addre5Sed to Borrower at
<br />the: Property -o\...tdre'S-..~ ~)r at sllch I....ther J.Jdre..s as B()rr,y..\'cr may deSignate hy notice to Lender as provided herein.. and
<br />(b) any noti~'t' H) Lender shaH ~ g1Vt'1l hv ~rllficJ mall. rerum rccC'lpt requested. to Lender'~ address statrd herein or to
<br />'\uch other ;iddres"i ;1'; lender ma, Jt'"i~n:lte h\' notice to B(~rr(lWer as proVIded herein, Any notice provided for in thk
<br />Mortgage shaii he deemed ;0 hJ.ve ~n gf\-'en to Borrower or Lender when given in the manner designated herein.
<br />IS, Coif....... Morteage: Go..milll! Law: St-..rablllt~', thIS form "r mort,age combines uniform covenant! for national
<br />ll5e and nlln~UnJI{)rm Ct,\venants ....-ith limjred ;. ;.tnahon.. hy iurisdiCHon 10 constitute a uniform security instrument C'ovcrina
<br />real property Thl'i. !\tortgage "halt (,e gO\ierned p\ the law (If (he iuri~dklion in which the Propeny is located. In the
<br />event that :my rr{wi~ioIi..'n Of ,:lau'i.C .;,f ;hb \fortga~e "f the N~lh.. Cl'nl1kts with applicable law. such conflict shall not affect
<br />t"'!other prO"I~l()nS ~1f !hi~ Ml'lrtgag-c \'~r th~ Nt)te ""hl\,:h (un he g.l\'en etfel.:t without the conflicting provision. and to this
<br />end the pw\'isil.)BS ('( the M~..,rtgage ;tnd tht~ 'I~tc ,lre lfeclared tl) he 'i.cvcrable.
<br />16. Bonowtr's Copy. Born'w~r '\-hall he furnIshed a I.:t'flformed ~opy of the Note and of this Mortgage at the time
<br />(~( exttutinn \,)f "her re.:ordation hereof,
<br />17, TnoDlfn of I.... ProPft')': A....mption. II all or any part of the ProperlY or an interest Iherein is sold or transferred
<br />by Bo:h'w~r wlthQut Lender's pnor written con\Cnf. excluding {a} tht creation of a lien or encumbrance subordina" to
<br />this Mortgage. th) the ..-:realion nf 21 pun:ha~e money <i\C\.'urity Interest for household appliances, tel a transier by dcviic.
<br />deK'"ent t1r by (l~ration of la'-' uJ,-x)n rhe death of a j('~int tenant or l It 1.hil IT 1 1 j& OR) h u"'-nhf' .nllt If tkroI1...R rr 1-
<br />'1iJ't ':J~.""~~;-8 I.fI -r' - ,,- ~_. ... Lender may, at !.cndc.\ (';p~.c;;. dec!:.~= ~!l ~h:- !ums secured by this Mortgage to be
<br />immeJiatrly due and payable, f \:mdcf shaH have waived s.u(:t: option to accelerate if. prior to the sale or transfer. Lender
<br />anti the per!Oon to wh()ln the PH1peny i" tLi he solJ Of transferred reach agreeme-nt in writing that the credit of such person
<br />IS satio;.fa.:.:ten w Lender and th';d the intert:~f payable on the sum.. ~cured hy this Mortgage shall be at such rate as lender
<br />shaH TC4uesL If Lender has waived the op(il111 10 3cceler~He provided In thIS paragraph J 7, and if Borrower's successor in
<br />interest ha!l eXe\:uted a written assumption ~Igr('emt'nt accepltd in wriling by Lrn......ler. lender shall release Borrower from all
<br />c>bligations unJer thIS Mortg.ge and the Note.
<br />If Lender exefci~n \ll\;n 1,)ptlu-fl to accelerate, Lender ,h~Jl mail Borrowt:r notice of acceleration in accordance with
<br />paragraph 14 he-renf. Such no-ti,c ",hall prQvide .1 period pf opt iess than 10 daY$ from the date the notice is mailed within
<br />whK'h Borrower may pay (he ,-urns d<<lared due. If Borro"er fads. fO pay su('h stlms pnor to the expiration of such period.
<br />Len-der may. without further notice Of t.Lemand on &)f fl,)" Cf. mvoke any remedies. pernlitied hy paragraph 18 hereof.
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<br />NON~UNlfOJlM COVENANTS Borrower and Lendl"r further Cl..Wcn~nt and a~ree as toilows:
<br />t8, A~<<Ieratloa; R-.IIeo. Ex~ept.. pro.HIed i.. paragraph 17 her....l. upon aorn>wer'. breach of a..y ~on_t or
<br />...-- '" .........e' I.. thi!. Mont.. 1",,1""111& lhe ............. to pay ..""n d... ....y sums _lOftd by thli MOl1Jllla.
<br />........ priM' to ~ .baII mail ....Un 10 Borrower lIS pr",HIed I.. parllllraph 14 ""reo{ .padfyh'l: (I) tbe bra..h:
<br />(2) 1M IIdloll nqulnd 10 ~..n _h breach; (3) a dal.. not '- Ihan .ltl day. from tho dal. Ih. noIi~e is IIllIlkd to Bono_r.
<br />lay wWdI _h bt-uc:1I _ he ellm; and (4) that fail..r. to ,ur. ...,11 bra..1I .... or ""ore ..... da.. ",,"!lied In t.... nolk.
<br />_ reouIt i.. accde...uo. of t........... ~nlred by 11110 \forteqe, lor..'\o>.". by judicial proe"""!na and sale u; Iha Propft'iy,
<br />11lo ~ sluIlI hart....r Worm 1I0nower "f 1M richt to r.l...tat. .ftff .e'tH""'1oa aad lhe riabt to _rt I.. the fonele.......,
<br />~ the ...............,a "f a ddavll or a..y "'....r ""'e..... "f Bono..e. 10 ...."'.Hr..tio.. and f.....d...""', If t.... braacb
<br />iol _ ........ .... or ....,...... lhe dale .""dllflll.. t"" ....tk., L.nd.r al b.......'. llption ma, d,,'lare all ..r tbe ....... _ured by
<br />..... Mona. io boll",mnIlaIril dM ...... payabl. without funhff ""mand ...d .....y f..red..... lIy jllllkIM proroedl11&, L.D<i.r
<br />~ be eDtkW to ("~",., ill ~h procMdmc all f'1IiJM'~ of ro,'~'I{W,un. im:ludlna. ltd. flU: Unm,,~ :~ t,'twt1i of docu~nwy
<br />..idm<.. allot.....I'.nd titt. ",,,,rto.
<br />t._ lor-'-UWWt Rich. "0 Rt-i-.a.tr. SPh"lth"Hara}ing I n,dt.~f" .1t,.u:iefdIH'1l ,\i fh<: "1!0l'\ ,-\'dllt..d hy thiS j\,'hJltj:a~\t,
<br />Bo:rUWff ...haH have- lhe ti.ht lO h;n't~ 41"1) l-'Ift:'<l<cdmp:'" hoe-glJtl h\ Lt'ndt".f II' \~'1h'r..:t~ jh~.., \h'l1~3g..~ ,1t"'d'f'l!lf!UeJ .It nn\- time
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<br />NIFA 8/84
<br />Sel,~ l,eff. 1 ":;841\
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