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<br />84~.. 006163
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<br />Lencll'r\ ..>;.'nUdl l!greeme!H t'f' :.!prJi("~bl6? ';.l~ Htlrrt)Wer ..h~H pay the amount of aU mortgage insurance premiums in the
<br />manner pnwidcJ under paragraph 2 hereof.
<br />Any amounts disbursed by Lender punuant to this paragraph 7, with interest thereon. shall beeome addilional
<br />indebtedness of Borrower secured by this Mortgage, Unless Borrower and Lender agree lo.olher temsor payment.. such
<br />amounl. shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear il!leJ'eStfTOnrthe
<br />date of di<hursement at the rat" payable from time to time on outstanding principal under the Note un1ess~.of
<br />interest at such rate would be contrary 10 applicable law, in which event such amountssball bear imerestatthehi!lhfl$tntlll.
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur anyexpeftle'.COT::IlIke -
<br />;,ny action hereunder,
<br />8. fnspeclio..~ Lender may make or cause to be made reasonable entrie.. upon and inspections of theProperty;proVlj!ed-
<br />that Lender ,hall g,ve Borrower notice prior to any such inspe-ct!on specifying reasonablecaU!Ie therefor .refated' to:L'endei's.-
<br />interest in the Property.
<br />9. Condemnation. The proceeds or any award or ciaim for damages, direct 'or consequemia!.',in 'CD~ecnon-,wjth ',any
<br />condemnation or other takintt of the Pro pert.... (if nart thereof. .or for conVeVllnt;e in Hell nf ~O[ld"...J'I'H'~ti(\a:-~ aN"r'hembv- lJ;~.Q'~
<br />an,! shall ce Daid to Lender, - - - - - ----- - .-
<br />In the "'vent of a tlltal taking or thc Property, the proceeds shall be applied tll the sums secured by this Mortgage,
<br />with the cxc{"<;.'~_ if any. paid h-' Borrower. In the event of a partial taking of the Property. unless -Borrower -and.Lender
<br />\iihcr'Arj~e agree in writing. there snail be appHed to fhe sums secured bv rhi!; - Mortgage such, propo.rtion -'Of' tt.e~,prc:tCeedS
<br />as i, equiJl to that prop"nion which the amount of the sums secured hrthis Mortgage immediately prior to the-date of.
<br />raking be,,,, tn the fair market value or the PropertV immediately prior to t.he date of taking: with the balance of tbe proceeds
<br />raid to Borrower. .
<br />If the Prnpeny j, abandoned oy Borrower, or if. "rte,' noJice hy Lender to Borrower that the condemnor offel'$ to mue"
<br />an award or settle" claim for damages, Borrower fails to respond to Lender within 30 days after the. date such.notiee is
<br />mailed. Lender h authorized to coBert and apply the proceeds. at Le!,,~r'''t option. either'- to restoration - or ,repair of- -the-'.-
<br />Property or hI the sum~ secured i1y thj~ M{")rtgagt~_
<br />lJnles"! Lender and Bo;'rower otherwi'i-c agree in writing. w~:...- ..:i <..\'Iop.H~:~r:-~H1 nf pioeeeds to principal shalf..not' extend"
<br />or p()~!'pflne the due dare ~"f th~ merltn!y fnstalh!',..:n!s r~!er;"cd ~~< ..i p3:ragraphs ! and 2 hereof or change-, the- -amount_ of
<br />'luch in5tallment~.
<br />10. Borro...er NOI Released. Extension of the t,me for payment or modification of amortjzation of the sums secu~
<br />by thi, Mortgage granted oy Lender to any successor in interest of Porrower shall not operate 10 release. in any manner,
<br />tne liability (li Inc original Borrower and Borrower', successors in imerest, Lender shan not be required to- commence
<br />proceedings ag~ljnst '>llen 'illCCes.sor or refuse h'"'l extend time for payment or otherwise modify amortization of the sums
<br />secu",d by lhis Mongage hv rea'on of ;;ny demand made by the original Borrower and Borrower's successors in interest.
<br />11. Furb""rance b)' Lender Not a Waiver, Any forbearance bv Lender in exercising any right or remedy hereunder, or
<br />otherv.'ise Afordeu h\' a~plicablc l<iw. shaH Hot he a waiver of or preclude the exercise of any such right or remedy,
<br />The procuremem of in:'iuram;e or the payment tlf Lnes Of other lieTIs Or charg~ bv Lcnde-i shan not be a waiver of Lender's
<br />right 10 a\:('-ckr;Ilc the maturity of the indehtc:-dne'\s ~I.':tlirc-d by thi, Mortgage'. .
<br />12. Remedies Cumulative, All remedi.. provided in this Mortgage :l,e distinct and cumulative to any other right or
<br />remedy under this- Mortgage or atf{lrded hv Jaw Pi equity. and may he c\crcist:d concurrently. independently or successively,
<br />13, Successors and Assilln. Bound; .Juinl and s.->eral Liability; Caption.. The covenants and agreements herein
<br />i,.:ontaineti .;;haii hind. and the righb- hereunder Shi:lil inure to. the rcspecrive successors and assigns of lender and Borrower.
<br />"ubje-d id fhe prtJvisinnl', of paragraph ~ -,; h~-fct.)f All i,:ovcnants and ilgreemclH~ of Borrower shall be joint and several.
<br />The ~aptj(ll!s .mti headings of the p3ragri.q:.1h\ of this Morlgag~ arc for l.:nnvenience only and are not to be used to
<br />interpret or define thl,," pn.~\'Jsion'" here_of.
<br />14. Notice. Ex~ept for am' n(itj('t~ required under applic~Jt)le la...... hI be given in another manner, (a) any notice to
<br />Borrower provided fOr :n thl'l ~i(1f{gagc shaH 0(' p\'cn bv m~ifing "'Ih:h notice by certified mail addressed to Borrower at
<br />the Property Addres5 (IT af such lHhcr aJ.drc~'i- ~iS. Horrown mas dC"ignate by notice to Lender as provided herein. and
<br />(b-) any notice (0 Lt'nder '?n:!l! h~ g!\:(,!l hy ~!.:nifi.:d m~", re!U!Tl ft:Ct:!pr requested, to Lender\; address stated herein or to
<br />such 01her addre~.. <IS Lender mOlV de~ignate h'" notice to Borrower as provided he_rein Any notice prov!ded for in this
<br />Mortgage shan he deemed 10 h:'tvc t'oeen given to Borruwer or I.ender when given in the manner designated herein,
<br />15. t:niform MonCagt'; {;ovt'miRg [,,,...; Se.'erabllity. Th" form ,)f mortgage combines uniform covenants for national
<br />U$C and non. uniform covenants v,'ith limiled V<inatiOH'S hy jurisdil.:lioll to constiwte a uniform security instrument covering
<br />real pr"yperty Tht.. ~-h)rtg~!!c ..hl.lll be gl)\'~rl1e-d hy the law of the Jurisdiction in which the Propertv is located. In the
<br />event thaI any phwtsiOfi or clau't: \Jf ~i--th Mongage l,\r the Note \;onili<:ts with applicable law. such conflict shall not affect
<br />ot~r fHO\'I~jo-n:,,< \}t I:hl\ ~-1()f{gage ()r the Nr'k ....-hu:.:h CJ,il toe given dfe" witht)ut the conflicting provision. and to this
<br />end the prOVISll)nS (\{ the ~1(lrtgagt: dnd the ;'\r.!e are declared to he ~everablc.
<br />16. Borro\\'er's Copy. BornH~-~1' ~ha.ii ~e lurm,;;hed a ...'nnformed copy of the Note and of this Mortgage at the time
<br />of ~xe\;ut~:)ii Gi .'1fter F6.:ord-ation hert.l'f.
<br />17. Traosfer of t"" Prop"rty; Assumption, If "Ii or any p;1f'[ of the Property or an interest therein is sold or transferred
<br />by Borro\%'cr \lorlthout Lender's priPf wriuen consent. e_\duding (i.ll the (,f"cation of a lien or encumbrance subordinate to
<br />this Mortgage, (0) the creatwn of a pun:h.ase money ...e..:UI ilY mfercs-t for household appliances, te) a transfer by devise.
<br />d.f.-~-ent or h\i tll~r.H!.....n nf bu, l"~\.. 1101.", .!"'::i.ll> n_f~. iCl-i~~i ,<"n'-'.nl ,'\!" __""~:' ~_:':___ _!~_-:".__~'>") ___L_ 1.:1_'_ .&~~.. ...& .L:-_. .,---_ itr l1til1J
<br />R'?' i\i'~tf1.i;a ;"'-IJ,'~~n' ~J----Ji -;~;il~~-I?:.'Le-~de-; ~~y. ";~; i-<~;l~i~~:~ -~~P~i,-~~:.~lt;'~lare all ~};~ .;um~~~c;'~~d-.bY -thj~ ~t~rtg-age to be
<br />immediately due <Hld paY;t,hle. fender ",hall have will\oed su..::h ,,)plio-n in accelerate If. prior to the sale or transfer. Lender
<br />and the person tn whom the Property is h) b~ "ioid \.\1 transferred reiH.:h agreement in writing that the credit of such person
<br />is satisfactory IO Lender lind that the inlCr~s.' payable on lhe sum... _..ccur~d by fhh. Mortgage ~hEl! be at s!..!{;h rate as- lender
<br />shaH request. if 1 entia has waived rhe ~1ptlOa tp ..tcceler,Ht: Ffovided in thi~ paragraph i7. ami jf Borrower's su~cessor in
<br />interest h.a~ e,;:c-cu(c-d ~ v.Tirten .:ts-sumptlon <!greement ii\.':-l..'eptC'd in writing hy L~nJ('r. Lender shall rele3St~ Borrower from an
<br />obligations under this Mongage and t~ NOle.
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<br />p~f il:'~ii~~~n~'~~;~::f~i~~;:j;~C.~lo~;~~J~~~~!) }~r~~:/(~~ <:~e. Lcnd~,l~, :;f:~ I \t:: it; ;1.~,O~I;; l~~~:~ !<g:~I~'~ i~;e :iacl:I~~aCli~~{ i~c ~~~~~1i~~c: ~~ ~~
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<br />which BOnlllJo'N may poly the ...ums ded4red dnt;;' aorr'-H..~r f;Iil>j to p~'!-y <.;u._:h "ums Pf!{.( t() the ~xpiration of such period.
<br />t-t'!H...4:-!' may. -W~!hf'!U! further m""t~ce or demand {~n BOrr(Wi~;r. ) r~v~'!~.:: J.n} rC'mt.'d~e~ pt'rm,:n:ed hy p;lf~graph 1 ~ her~;--oL
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<br />N-O,"'"--U!"Hf-1J",-!Jo,1 CO'vf.N^~lS. Borrower and tender turther Ci1\'CIl,uH ;1I1d agree a~ toHows:
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<br />Ill. A<<..mn;tion; R..tmdies, E..e,,1 lIS provided in "..rag"."h 17 h.,eof. upon Borro....', bre.ach or any covenanl or
<br />......,......t of Bono..er in tlU!; Mortltl'll<. in<l..diag t"" co,om,..ls to pa} ..beu due an~ ""n. secured by this Mortgage.
<br />~ prigr to- .=:-~e~ 1;:!t:.,-l! w~u ootke to. !!fi.r:-uwer :s r~.)~-i:d~d in p=:-=;:.r.tph l~ hff~f !i~ifyin;.: (t) tbe brt'i'K'h;
<br />fl) the lKiiooo requinHI to ..,... s...b hr.""h; (3) a dale. n..t ..... than 30 d"y. from fur dale the nntke Is mailed tn Borrower,
<br />It, ..kiell $ltth hru<:h must be cured; and (41 that iloilnre io <ur" .uch ....each on or ""fo.o th. date .pedfted in the ..olk.
<br />R1lQ' r-u io "'..knltl.... or the .unn ""cun>d by Ihis 'lorl#lllI'" f"re.wsu,.., by judicial pro<<""lng and .al. of the Property,
<br />I'M aolk.., mau (qrther iBform .....ru...er of ,"" rilth. tn r.i...lalt' .fter .ceoleralion ..ud th" rill"t tu .....rt in the for<<losure
<br />,..,.,_~ th<< oon-u...l....... of .. dd...u ... ""y olloer d<lfen.., or B...,own In ""cd.....U..o and foredn...re, II the breach
<br />It Dql tatN. un 0-. bt:fun- en. d.:e lIipci:ffled fn tb(' nn-tlt,"t. I..-t"OOe-f lit' Lender';; option illS}' d~t:hUt; aU 01 tile' SUI'IB "-cured by
<br />flU!;~. t"... irnfM.llalelJ d"" ,,1>11 p.,.1Ik \'litho"l hmht't ""...and ....d mal (.....'..1"." by judicial "roct'''''I.... tend..
<br />..,.... k ~"lflIlo (--n-tkrl in 1!-",,(-1l PHKwdift# 1\11 ~xtx'nt,..s uf f-tH"~' h~\lf-e. hi-{'hldlng. hue flut limited to. l.-Olltb of oucuUJcm.tllf)'
<br />t'~'''coo-, .1.'-:3..-.-\ ifnd tit.l~ nrpnn'!Ji,
<br />19. l#:-r~tt":Oi St~is<< tq u_,.__....,~... "-.,,;:,,W.:hlit;W:i.',i;i"tj! t \:'iH.h.': ,n v L.. "-,,..
<br />HUHO";id'f 3t-:l}~j h3,",t~ ~t~ ;iJt,h: ; J.n-'.. rll.-......,u:ump, ~~K:1-..\H i f'I'jI,i~~r L' .:rdpfU lh'-. '-fl"n~,q~-\.' ,L"~'~I~hrna:J .tl ,!!1~ l<fHC
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