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<br />84 - 006131
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<br />I,ender\ i.\TJ{t..,n agrccmenl or appJkablc taw. Horrower shall pay the amount of all mortgage insurance premiums in the
<br />manner pmvided under paragraph 2 hereof.
<br />Any amollnts disbllrsed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indeb.edncs< of Borrower secured hy this Mortgage, Unles.s Borrower and l.ender agree to' other terms of pay me lit. such
<br />amollnts shall he payable IIpon notice from Lender 10 Borrower requesting payment thereof, and shall bear inlerest ,from the
<br />dat" of di,!",r,ement at .he ralc payable from time to lime on onlslanding principal under the Note unlesspaynlent'of
<br />interest at such ratc would be contrary to applicable law. in which eveni such amount. ffiallbear interest at tMbi!lI1e1ltT~
<br />permissible under applicable law, Notbing contained in this paragraph 7 shall require Lender to incur any expense::ortake
<br />;mv action hereunder.
<br />- 8. Insp""tion. Lender may make or cause. to he made reasonable entries upon and inspections of the>Property,'pnwided
<br />that Lender shall give Borrower nolice prior to any such inspection specifying reasonable cause thereforrelatedtoLCIllklt"
<br />inter"t in Ihe Property, -
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in conrieeliol1:witlFan1
<br />condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />:lO<I shall he paid to Lender,
<br />Tn ,hc es'em of a tolal .akmg of Ihe Property, the proceeds shall be applied to the sums secured' by this Mortpge,
<br />v..irh the exec",;. if :in}', paid h.1 Born'iwer. In the event of a partial taking (,.f the Property, u,nless- I;IolTower 'and'I:.tnGer\
<br />ntherwi<e agree in wrilin!!. there shall he applied to lhe sums secured hy this Mortgage suehpropomon' ofthe'pfO\.--;;edo
<br />as i~ equal to th3! proportion which the amount of !he sums ~ecured by this ~vfortgege_ immed!3!'cly _prior-ole tr.e-,dafe':'-of'o
<br />Ilking he"" In the fair market value of the Property immcdi~tely prior to the date of taking, with the balance ofthep\'OCCCdlr
<br />paid !(, Borro......er,
<br />If the Prooerty is ahandoned hv Borrower. or if. 9fter notice hv Lender to Borrower thet the c!!ndem.!'!~r aff'e.i-B.'w"-mu.'
<br />an award or 'cUle 0 claim for d3mages, Borrower foils to respond'to Lender within 30 days after thedatesucllnot~is
<br />moiled. Lender is authorized to cnlleel and apply the proceeds, at Lender'. oplion. either to restoration 'orrepajr'of"the
<br />Property or to the SHms secured hy this ~"'ortgage.
<br />t:nless Lender and Bormwer otherwise agree in writing, any sllch ;o;-:'"ation of proceeds to principalshallnoteuend.
<br />or postpone rhc due d:l!e of the monthly im;taliments referrrd tG ~:"i . ~-:-;"6-7l.:'f,hs 1 and 7' ~..~reof or change the amou:nt:_"of
<br /><;:1.!{'l1 in~!~i!!ment.t::.
<br />10. Borrower Not Released. Extension ['of 1;1(:. itme for payme;::nt or modification of amortization of- the sums- secure~
<br />hy this Mortgage granted hy Lender to any successor in interest of Borrower shall not operate to release. -in any ,manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required -to commence-
<br />proceedings against Stich successor or refuse to extend time for payment or otherwise mod~fy amortization of- the _sums'
<br />secured bv this Mortf!age h\" rea'ion of an\, demand made hv {he original Borrower and Borrowerls successors-',in jnterest~
<br />11. 'Forbearane;; by L~nd.r Not. Win..r. Any forbea~ance hv I.ender in exercising any right or remedy hereunder. Or
<br />"Iherwise ,,!forded hv applicable law. shall 11<'1 he 0 waiver of or preclude the exerelse of any such right or remedy;
<br />The procuremenf cd insurance Dr [he ravmenr of taxe... or other lien<.: or charge"! hy r .ender ~h3n not he a waiver of Lender's
<br />right to acc('l~ratc- lh~ maturity of tht:' !m1chtcdnc<.;s: sc~un:d by this ~'1nrtgage.
<br />12. Remedies Cumulath-e. All remedies provided in thi", ~--fortgage are Jistinct and cumulative to any other right or
<br />remedy under thi... M('lrtgagc or a!f0idcJ t-w law or cqui~\' ,l!"H.! may he c\erciscu concurrently. indepenc.ent!y or sUCCe".;oSivety.
<br />13. Successors and Assigns Bound: .Ioint and Se...ral l.iability; Captions. The covenants and agreements herein
<br />containeu shalf bind. and the rights hereunder shall inure to, the rc"pectivc Sllccessors and assigns of Lender and Borrower,
<br />sabject !o the provi,jons of paragraph 17 hereof. :\11 covcllant'\ and agreements of Borrower s.haH be joint and se\<-craI.
<br />The C3:l'tlO!lS and headings of the par~gr~lph'i of thi~ !\1ongag~ are fOf tonvcn!~nce only and are not to be used to
<br />interpret or define the pn:~vJsjon... herC(lf.
<br />14. Notice. Except for any nott,e rt:lluin:d under appliclb!c law (() be gi.....en in another manner. (a) any notice to
<br />Borrower provided for in this MOrlgage ...hall he given by l1ui!ing such notice- by certified mail addressed to Borrowet. at
<br />the Property Addrei\~ t)f at sllch l1thcr add res... a) Born1wer ITnly designale hy nOlice to Lender as provided herein. and
<br />(0) any notice to Lender shall he given hy cC'rtifi~J mall, return rl~CClpf requested. to Lender's address stated herein or to
<br />such other Jddre.., ~l"- r endn IT\;l\ (k"i~nu!e !"'" nn!!c~ tn Bor;~'\\:er ;1S provided herein, Any n~tice provided fOf in this
<br />Mortgage shaH he deemed to have h~C'n glv~n to Borrower or (,coder ,,-'hen given in the manner designated herein,
<br />15. lJnifonn lVionjtiij;e; Go,,'erning l.a\\': Sel'e-rl!hility. Thi.... fl)fn) of mortgage combines uniform covenants for national
<br />use and of'to-unifonn (()Venani:s with limitt'd V~ln;.Hh)n'" r.y lllfj~(hcl;On to l'OnstiIUti: a uniform security instnHnefit covering
<br />real property This Mong.lgc ...hall L)C g.ovaned hy the- i:lw l}f the _iurisdictlon in which the Property is located, In the
<br />event Ih;-H any pnv..-iSI(IJj .~r c1au':>t' \If thi... ~'Iortgitge (~r the !\,~te c\)nl1icts with applicable law, such conflict shall not affect
<br />other rfinl~ion~ ui thi:-- Morrgagc \)r lhe ;-.Jnk \du..;h CiJn h..~ ~lvC'n etf('(t wilhout the conflicting provision. and to this
<br />end the provisions \)f the Mortgage and the 1'..,:t'{e .lrc declared to he s-cverahle,
<br />16. Borro",'er's Copy. BOffl)Wer ,hail be- hJrlllshcd J clmft,Hmed copy of the Note and of this Mortgage at the time
<br />l.)f eXCL:lltioll PI' ~lftt"r recurdation herc\)f.
<br />17.. Transfer of the Proped!,;~ A~'SumpU(Jn. If all Uf any p.lrl ()f the Property Of an interest therein is sold or transferred
<br />by BOffl.\WCr without Lender's prior written con~t'nt. exduding (J\ the ('rcation Hf a lien or encumbrance subordinate to
<br />this Mortgijge. ibi the (";(';Jtil..)n of J purcha\t: m\.ltley "e!.:urlty lnlerest for ho-usehold app1iancl.'S, (c) a transfer by devise,
<br />de~en( or by opt.:ration ('If la~ upon {he death of .1 j(ijfit icnarH lH ' .. .1.. - .41- -. ~ ~ --:. 1- [ ~ Jl J~:I i-' ~ljt[Hn G: Ill:,')] :'99.Fli 8118u
<br />RRt "DAt~:-;- '1".. ~ - 1. , (t~ndt'!' n~~!,;-'. ~! L~!1cl~!"'~. t~p!i'~'\!1. ded::~e ~~!! ~h:: t:um~ ~~~!..~:~d ~y ~h!~ M0!1:g~g~ to he
<br />immediately due. ~\nd rayabl~" Lender s.hall h~ne. \..,u\cd s-lI(h option to accelerate if. prior to [he sale Or transfer. Lender
<br />and the person to whom tht: PnJf.eny j~ 10 bc- sold or transi-crred reach agreement in writing that the cre.dit of such person
<br />JS s~ti\factory to Lcnot.'I and that the irlterc...,t payable .In the slim... secured hy this fviortgagc shall be at such rate as Lender
<br />shaH n:yucsi. if Lemler has walv~d the (\ptlon f.' '-1ccekratc:: prondcd in rhis paragraph 17< and if Borrower's successor in
<br />interest ha.';; executeJ a \\-Tinen <.1ssurnption agreernem ac'cept;..:ct in writing hy Lenoce. Lemler shaH rcka5C B-Gnov..'cr from aH
<br />obliS!alions under this ~1ortilaflC and the Note
<br />- If l.l!:nder cx:ercIses sl;:'-h opt/i.),j 10 accelcrJ.I~. Lt'nJl2'r ...hall fildil Bono.....cr nOllCC IJf a(xelcratlOn in a~cordancc with
<br />paragraph 14 hereof. Such ni..)ti:.~e. shall pr1.1vide- ii pi.;f1od nf nN it.'S,s tn;:m 30 Jay~ from the d~te the m~~icc i!; mailed within
<br />which Borrov.cr iT\ay pal [he >;.ums de;.:l~Hed due. If BOrnh\ef Llils !o pay \th.:h ~llm~ pric1r tt'l the expiration of ~tlch period,
<br />Lender may. \':,'ithouI further fmiH':C (\r Li<:mand Nl ilornJ"'."::.. ;:n'ot..~ any rt~nlcdles permitted or paragraph I H hcn::oi.
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<br />NON~UN!FORM COVENASTS. Borw\-\-'cr .Hid l.::nJer further .:i.'Vcn;:uH ,md ,,~ree i1S fnllnws:
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<br />18. Aecelt-r-.tiom. Remedies.. E~T~pt as pnurjde--d in paralraph 17 hereof. upon Borrower's breach of any co".cnant or
<br />acneUleftt of Borru'ftel in this :'\'1ortgage, induding the cOl-emmhi in pa,\' "heo due un) sums sc(-urw b}' this l\-'tortgqe,
<br />Leader prior to a~eeleratioo sball mail notice 10 Borrower as pw.ided in "a.aMlaph 14 hereof specifying: (I) lbe b.....ach:
<br />(.2) t1M: .at:tiun required to cure suc:h bread'\, f3} a date, not ieSfil than 30 da}"s from tbe dale the notice is maU,.d to Borrower,
<br />by ..1lich .....h br.ach must be .urod: and (4; thai r..ilure to cure such hroasb on or before lb. date specifi." in the notle.
<br />may ftow!f in ~u:cejtr:il.km oi tilt' sunn "ct.'tired b) this ;V(orlga--.e. lon"dosun b)' judiciaJ pron'cding and sale of the l"roperty.
<br />'he ft-Olke shalt fUf'IMr in{tifm Boui,,,,,er of tilE' ri&ht In reifLfi'att after act.:th,'ration .aod rbe right to a.~el1 in the fQreclosure
<br />p'O(eediftJ the IWn~e-:d$leliKe of a dtlllu1t or an)' otber deferuw of 8ur-rololf'u to uc~:e-ieriltion .and fore&:losulco. If the breach
<br />i" nut ewed Pft Of bt-fun the date !;pe-.dfted in tbf: ood-cc, L('nder al t-~nder'j optu.)U maJ dtdan.~ Will of the !flU-uu. Mtcured b)"
<br />tb.i8 1\1ortgqt! to _ jmn~dialfl) du~ .and p8}'lIble- ,",'ithout hutRU demand and tuB,) fort'dose- u:'-' judicial p-f'(~e~din&. I.r-nder
<br />'thatl be- t'ntlt~ tu \<nUf'("1 il1 !iud. pUH:ftf'dinlit all exp.t'flM~~ f.~f fort'd{)~urt". in<'iuding~ but tUH limited to., n~sts of do(.'umt'utaf)
<br />t'"id<<u:t':~ ~bf4:fad~ '.olud ttUt. rt"porb.
<br />t'~ hf-r'n-.e-is RiC-bl hi Ml'uw.att'. 'nhlrJrhsLHHli1';t-; I \:n".k;'-~ . '."'-:f,H;pl1 ,he .~,,'..'Ui{.d 11\ \In... ~,<1(\rll'\;jlotc,
<br />ik.-i!h,-'>4-C; ,>h~ii h~v~ thj,' ;i~Jn ?~, h,r.-(- .{\l) l'r<,<,.',r-f.dHl~" h:;~{'in ;''t [".'qJ("; t,', c,t,-'I\.",; thl'. \t;'n~' ,g,- ,.;l-h:~"iiH{!H!..'G d! ~H~' {Hill'
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