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<br />84 -006202
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<br />I t'"d~'r\ Wnt!dl agrc~men: cr ;ippllrable law. Borrower shaH pay the aJiiollot of aii mortgage insurance premiums in the
<br />manner providcJ under paragraph 2 hereof.
<br />Any amoHnts disbur>ed by Lender pursuanl to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by ~his Mortgage, Unless Borrower and Lender agree to. other tenDS of payment, sueh
<br />amounls .hall I>c pavable upon notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />uate of disbursement at the rate payahle from lime 10 time on outstanding principal under the Note unless payment of
<br />interest at such ratc would be contrary to applicable law, in which event such amounts shan hear interest at the highest rate
<br />permissible under applicahle law. Nothing contained in this paragraph 7 sball require Lender to incur any expense or take
<br />anY action hereunder.
<br />, 8. Inspectlon, Lender may make or cause to he made reasonable entries IIpon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property,
<br />9. Condemnallon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />""ndemnation or other taking of the Property, N part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and ,hall hc paid to l.ender,
<br />Iii the event 0f a :nta! taking of the Property. the pr0'".:eeds ~haH tjf~ Bpplied to the sum!'; secured by this Mortgage.
<br />'.l.'irh the c\:..:c.;;s. if any. raid h:' Borrnwer. In the event of a partial taking of the Property. unless. Borrower and Lender
<br />"therwise agree in writing, there sholl I>c applied to the ,um, secured by this Mortgage such proportion of theproeeetls
<br />a' i, equal to thot prnportion which the amount of the ,um, secured by this Mortgage immediately prior to the date of
<br />!aking bears to the fair market volue of the Propertv immediately prior to the date of taking, with the balance of the proceed.
<br />paid to Borrower.
<br />!f the ProperlY is abandoned hI' Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for domages, Borrower fails to respond to Lender within 30 days after the date such notice i.
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property Oi to the sums secured hy thi5 Mortgage.
<br />Unless Lender and Bormwer otherwise agree in writing, any such applicalion of proceeds to principal shalt not extend'
<br />or postpone the due dale of the monthly installments referred to i" ; .. .co 'JPhs I and 2 hereof or change the amount of
<br />"lIch installment!'.
<br />10. Borrowl~r Not Reteased~ Extcr.sion (If The ,';,:ne far j)>'-. ~,nr or fllwltlcation of amortization of the sums secured
<br />hy this Mortgage granted by Lender to any SUcccs.~or in interest of Borrower shall not operate to release, in any ,manner;
<br />rhe liahility of the original Borrower :!nd Borrower's slIccessors in interest Lender shaH not he required to C'lmmence
<br />proceedings against '\nch "Hccessor or refuse to extend time for payment or otherwise modify -amortization of -the -sums
<br />"ect!fcd hy tni, Mortgage hy reason of ;Inv demand made by the original Borrower and Borroweris successors.- in interest.
<br />II. Forbeal1lDCe by Lender Nol a Waiver, Any forheararl<e by Lender in exercising any right or remedy hereunder,or
<br />,'therwise afforded b\' applil'able law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance Uf the payment of taxes or other liens or charges by Lender shall not be a- waiver of Lender's
<br />right to accelerate, the maturIry of the indehtedne...s ~cc\lred hy this Mortgage.
<br />12. Remedies Cumulative, All ",medie. provided in Ihis Mortgage are di,tinct and cumulative to any other right or
<br />remedy nnder this 1;.1ortgagc or afforded hy law or equity. and mar he exercised con-curreo_tly. independently or successively.
<br />13. Successors and Assij/ns BOllnd; Joint and Several UablUlY; Capllons. The covenants and agreements herein
<br />CtmtameJ shall bind. and the rights hereunder shaH inure to. the respeclive successors and assigns of Lender and Borrower~
<br />subie{.~t to the prOVISIons of paragraph 17 heft"of. All covcnan1s and agrecmems of Borrower shalf be joint and several.
<br />The capllons amI headings of the paragraphs of this Mortgage are f,'r convenience only and are nol to he used to
<br />interpret or define the provi"iion'\ hereof
<br />J4. Notiee. Except for any nOlicc required under applicable law to be given in another manner. (a) _any notice ,to
<br />Borrower provided for in this Mortgage ~haH he given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by nmice to Lender as provided herein, a.nd
<br />(b) any notict! to Lender shall he givcn by certified mail. return r~cc-ip{ requested, to Lender's addreSs stated here-in or to
<br />such other address as Ixndcr may designate by notlcc ro Born-lwer as provided herein. Any notice provided for in this.
<br />Mortgage shall he deemed to have heen gIven to Borrower or I.<nder when gIven in the manner designated herein.
<br />IS, Uniform Mortllage; Gonminj/ La..; Severabllitv, This form of mOllgage combines uniform covenants for national
<br />use and non-uniform covenants v.'ith Iimiteu variatIOns- h~' jurisdiction to constilUte a uniform security instrument covering
<br />real properlY. TI,is Mortgage ,hall be governed hy the law of the jurisdiction in which Ihe Property is located, In the
<br />eVent that any proviSion or dause of This Mortgage Of the NGt~ ci.,;rrfticts ~..ith appHc~bf~ law. such con!tkt ~11!!n not'!iffect
<br />other pn)\nsion~ (If thiS l\-1ort~age or the Note whj~h call be given etTcct without the conflicting provision. and to this
<br />end the provisi<.'ns of the ?\{ortgage and the ~.)fe are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Noie and o( this Mortgage at the time
<br />of execution or after recordation her~of.
<br />17. Transfer of lhe Property; Assumplion. If all or any part of the Property or an interesl therein is sold or lransferred
<br />b,' B-Grn,w,;, w1~hcut L;:~der's r-ria:- wr!lte-n r{'ln~fH_ ~"duding (ui- the creation',of a lien or encumbrance subordinate to
<br />th.. Morrgageo iO) the creation of a purchase money security interest for houSehold" appliances. (c) a transfer by devise.
<br />descent or by operation of law UfXlH the death of a joint tenant or hi) t~lI' 8F1I_~" rnf R'Ay+i'11ihrld inti'.' flf tlulU VlUI ., J_
<br />f'ii't TITP" ~pi~!l IFI l1p'.:-~ 11 II "liil lilT Lender m~'\y, at L.ender's opt Il)O , declare aU the sums secured by this Mortgage_ to be
<br />immediately due and payable. Lender shaH have waived su..:h option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom lhe Property is tn be sol<l or transferred reach agreement in writing that the credil of such person
<br />is satisfactory to Lender and that the interest payabie on the "10" secured hy this Mortgage shall be at such rate as Lender
<br />shaH reque.t. H lender has waIVed the optmn to accelerate provided in this paragraph 17, and if Borrower's succeSsor in
<br />interesl ha, executed. wrinen assumption agreement accepted in wriling by Lender, lender shall release Borrower from all
<br />obligations under tbis Mortgage and the NOle,
<br />if Lender excfcjses such ~)ption to accelerate,. Lender ..h;ili mail Borrower notice of acceleratiun in accordance with
<br />paragr..ph 14 hereof. Such notice shall provide a ponod of not less than 30 days from the date tbe notice is G,ailed within
<br />whlch Borrower may pay the- sums declared due. 1 f Botro~e-r falls to pay such "'lints pnor to the expiration of such- period)
<br />I. coder may, without further O-Olj(':C or d~mand on BorroVticr, invoke an)' remedie-s permitted by paragraph 18 hereof.
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<br />NON-UN!FO-RM COYENANTS. Borrower and Lender further Ct,wen<;!nt and agree as foHows:
<br />t.. Aecelenotioo; Remedies. Except... pro.itkd in pal'1lllraph 17 hereof. apoo Borro..er'. breach of any covenant or
<br />...-_... of Borrower In thlo Mortgage, includi"ll the co.enanll to pay when due any sums secured by thll Mortpae,
<br />IAJlCleqmor to ll<'<<lenIticm shall mail notke 10 Borro..er ... pro.Wed In pal'1lllraplt 14 hereof .pedfylRll' (t)the brqch;
<br />ill dIe..,dom req..... to eure ....h bffioch; (ll a dale, nol Ie"" than 30 days from the date lhe notice is mailed 10 Borrower,
<br />by whidt _II hretlcb ..lISt be cured; and 141 that failure 10 cur" .....b breach on or before the date .pedlied In the notice
<br />lNl!' rtialIlo lKl:def'lltluo ..f tile ..._ ;e"u.ect by 1.Im Monaag,,_ f"recI.....r" by judkilll proceedillll and sale of the Property.
<br />1'" aotice JluoII hut...... mr_ a-wu of I... rill:lltlo reinstate afler acukratlo.. and the rlgllt to _It I.. the foredosurot
<br />pt~ the _"....lICe of a del.....t Of .....y oUter defeDlifl of Burrower 10 """eleratlon ....d for................ If 11M> bteaclI
<br />.. _ CUftd _ .... before Iltedal. speclMd In the Riltke, Lender at I.ender's optlon may d""...... all of tbe "lImO _ured hy
<br />I" Mwl....lo "" u.......n.tdy 01.......... pay......lthmll fllrl""r <k.......d and .....y (..",do.e b;' judklal~, tender
<br />m.&t tor ~ 10 .<>11<<1 In ",,<'I. pr....<<dlllll aH UP<'_ of to.ed""...". i.ndudlnt. "ul 1101 limketi 10, <O<tll of d""Uill"Dtuy
<br />"~e, ..1>01:...<:10 ..,,01 title "'~
<br />19. lottim>.,ts Riebl to Rei._Itk~ r"'otwdh-.staftd~ng Lt'fH.k:r\ ~"--'.~t.~i~ialH~H pI ihc "":/11"- 5-t'.:un::-d hy thi... M("lf1gage.
<br />H-\~lO""f,;t ~h;aH ftAAv-f; _ik Hithl li.l /lJtvt' ~IIP!, f,W('t"eOif\U:; f):j,)-gtHl- hv t.rndCf h~ l'fd\)J'I."t; 4hl'j. M~"rlga~o; di."..~\HJHnllCd ~~f any tHlW
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<br />NIF'A 8./84
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<br />;-;:1 (): -( .1. ~'.\ t~ i 9: ij 4 i\
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