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Form $4& B
<br />~iQ•- t4(i ~? ~it3
<br />Lender s written agrttmtnt ~ apphcabk law. Borrower shad pay the amouetf of ail mortgage insurance premiums in the
<br />matmer provided urtdtr paragraph 2 Ixreof.
<br />Arsy amaunta disbursed by Lender pursuant to this paragraph 7. witfi interest thereon, shall become additional
<br />indebledtttss of Borrower secured by ifiis Mortgage. Unless Barrowzr and Lender agree to other terms of payment. such
<br />arttatnts s7tail be payable aeon mice from Lerrder to 13orrow•er requesting paymeri thereof, and shag bear interest fmm the
<br />Batt of disbnrsetnen! at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />itrtertst at ouch rate would be cotttran' to applicable taw. in which event such amoun#a shag bear interest at the highest rate
<br />permissible under applicable law. Nothing cantaintd in this paragraph 7 shalt require Lender to incur any expetrse or take
<br />anq action htreutidtr.
<br />g. faopeeleoa. Lender maq make or cause ro bt made reasonable entries upon and inspections of the Property, provided
<br />than Lender shall gist 13orrowtr ^Mice prior io any sxh inspection specifying reaaanabk cause therefor related ro Lender's
<br />interest in the Property.
<br />J. Caaismrratba. The procet~s of any award nr claim for damages, direct or consequential, in .connection with any
<br />cnn~mnatien ur other taking of the Property. ar part thereof, nr for canvtyance in lieu of condemnation, are hereby assigned
<br />and shall t?e paid m Lender.
<br />In the event of a total taking of the Property. the proceeds sha!i be applied to the sums secured by this Mortgage.
<br />with the exctso, if any. paid to liarrowrr. In the evrnt of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, then shalt lx applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is aquae tr. that proportion which the amount of the wms secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market vahtt of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by $arrnwer. ar if. after notice by !.ender to 8nrrnwer chat the condemnor offers to make
<br />an award or settle n claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authoriu;d to catlect and apply the Nraxteda at Lender's option. either to restoration nr repair of the
<br />Property or in the xums secured hv_ this Mart¢aee.
<br />Units Lcndtr and Harrower ethtrwise agree in writing, ary such app(icatinn of proceeds to principal shall oat extend
<br />lent posspu(te the d*x date of the monthly installments referred to in liaragraphs 3 and 2 hereof ar change the amount of
<br />nweh installments.
<br />ID. llorrawt( NCK Bteleasrd. Extension ~nf the time for payment or modiRcat',ion of amnnitatinn of the Burns secured
<br />Gy this Mortgage gzanted by Lender to any successor in interest of Barrau~tr shall not operate to release, in any rnanntr.
<br />the liability of the arigmat Harrower and Borrower's sucarssnrs in interest. 'f..tnder shalE not be required an commence
<br />proceedings against such successor ar refuse to extend time far payment or otherwise modify amorti2ation crf the sums
<br />xrcured by this Mortgage by reason of any ekmand malt !?}' the arig~enai Harrower and Borrowers suatssars in interest.
<br />14. Forbearatxe by Lander Not a 1Naivtr. Any fnrhearanct tn: I,.s:nder do txarcising any right or remedy- heretmder. ar
<br />atherxvise aRnrded Gv applicable law, shall not he a waiver of ar preclude the exercise of any such right or remedy.
<br />Tht procurement of insurance nr the payment of taxes er other liens or charges Gy i.ender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the mdehtedness secured by this !siartgage.
<br />12 Htmedka Cttatal;ttlre. .AH remedies provided in this Mortgage art dixtinct and cumulative to am' other right or
<br />remedy under this Mortgage or afforded by taw or equity. and may hr exercised concurrentiv. independently ar succtssiveiy,
<br />13. Sucetasors sad Asdgns Beaad; lent acrd 5ereral I,iattBify: CapNotu. The covenants and agreements herein
<br />contained shall bind, and tht rights hercundor shall inure m, the respective successors and avigns of 1_ender and Borrower.
<br />subject to the pra?visio,'ts of paragraph I1 herrnf. .All covenants and agrtcmtnts of Borrower shalt k+e joint and severni.
<br />.~ .:options attd headings csf :irz paragr.-,ph, nF this f«fartgage are For :anvenitncz .xnty and are oat to tsz used to
<br />inttrprt€ ar define the pravisians hereof.
<br />I4. NtNiee. }3xcept for any notice required tinder applicable law iii he given iu anaher manner, (af any notice to
<br />Borrt?was pmvided Ear in this Mart$age shall he given h}~ tootling '~sircG nalice. t?y ccetified mail stddrecsed to Rorrawtr at
<br />cite P..,t~nv aEtd.tsx . _ch atlttr sdt_t-r-s-s ax B,?r-.,rr. de. _ ._t. Gy teat. - 1_tndtr _-tdrd hereto. an=J
<br />{ht an; ncstict to Ltndef =halt bt: gt*-rn `+y czrnfltd mad. +et m ecc:??t cpslaursttd, t+xff`cmitr's addrtss~stated herein or to
<br />stein ;,char adder - s 1 __ _: i~§g;:a€- - _- .__ ..? b'r~rrer.ve - ~rumveSe+i `creep. =.ay provide; `_ .r~ this
<br />Mortgage shall bt~dtttmd in;least ixtn i,ivrv to Barrowtt or t.endrr ~:v hen g~,i ucn in the maianer~~.tlesigna[ed hcrrinrr +
<br />l: ni`sttr~ ;ts`xa3gt; Gtrverai~ Law; Statra~#iy. T',^.t term +?# natxi°ygage .c*moines urtiiarm corenanCA inr n.alioris!
<br />ua+` $::--`.r.- tX;.7 :tn4farr~ ::a'r~t'.ac t, Witt: liu"13t:: r:ai;ari3 l't i- - _ _ - '*. i;n5tif.iti $ -;farm =~ :rlt:' m5trlimCRt =iTt}~t}g
<br />tars! property. This Mortgage shall t?t gos-erned by the I;tw ~nf +ihr ;ur+s:hchan :n which the Prapeny iv hxattd` In the
<br />turn[ that any pt'ovisron ar clause of this Mortgage =.•r fhe Nr,te coniitcts with appiicaGic law, such ronilict sitali not affect
<br />other provisions of this Mortgage or the Nate whrch can tx even efiea without the amllicting provision, and to this
<br />end the provisiaus of tGt Aortgage sod the Nate are declared to F?r srvtrah!e.
<br />16. Borrower's CtsP7. Borrower shall }xx furmshzJ a conformed copy of the Nate .utJ at this Mortgage at the time
<br />of execution nr after recordation hereof.
<br />I1. Trausfsr of tbt Property: Assampibn. tf afI or am {?art of the Property or :m interest therein is sold or [ranaferred
<br />6y Harrower wit}NSUt [rtultr's prior wriuen canon!. ^_xclu~ihtg :-+; the creation ut :c lien or areeumbrancc suGardinatt to
<br />this Mortgage, (b) [ice areatton of n punlrase ntnney xcurity interest far household applian.:es, ic'1 a transfer by devise,
<br />dt~:ene or by opera[~an of taw upon the Jtsth of a loam tenant or tdi the grant of ary izasehatd imerest of tierce years or less
<br />not. captaining an option u? purchase. Lender may. at !..ender', option, declare all the sums secured by this Nfortgagc to be
<br />immediately due and payable. i_enticr shall have waived Busts .+ption tar accelerate il. prior rt+ the sale a+r transfer, Lender
<br />and the pers<wt to whom the Pro~:rty n to t>r said ur transferred reach agreement in writing [hat the arctic of such [~rsan
<br />is satisfstanry' to Leader and that the interest t?ayahlt on the wens stwred by this Mangage shall Gr at such rate ns i ender
<br />shat! rtgtxst. .f 7_tndt; has warvtd tFtt option in accxtcratr provided tie dtis lxtragrtpfi ', 7, and it liarrnwer'a successor in
<br />intertsi has executed a written assumption agreement acreptcd ir: writing by Lrncltr. 1 enter shaft release Bornswrr from all
<br />obtigauans under tlus Mortgage and the Nott.
<br />71 Ltndtr exercises such option to accelerate, Lcu.kr shall marl BaRawer notice of acceltraua?n iu sceardanee wtlh
<br />paragraph t4 hereof Such notice shaft p[ovtde a pr.nod r,f rent Icss than 30 days from ihr date the notice is mailed within
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<br />? ~~. _ney, s€tthe-tit f!rth,:r notice a. J..ntand _ .. iJa...a-ae =-. eke any te!va-taco ,~. a. .._u ''. ;.e. u},r aph J s Ler_of.
<br />Nat?v.(,;titi-t>tta# Cc)vatret:rs. Borr~wer;mJ Lender (utit?et ~=+venant ant.agrcc::s t+xltows:
<br />1R, Aeeelrratius; Rttuedies. 6xetpt as provided in para{;rap4 17 bete.,#. upon Bu(ruyees b(rach of any casruant ar
<br />+Cgaeeaceat of Harrower is [hit ~IortRatge. iaclt(diag (G¢ rusettatds to ltay +.iitn dot any sutas .secured by this AiorCgeRt.
<br />I.+ntde.( Prior to accektatius sha{I rrraB twt#cr to HOrrONt( a+ prusidrd in prrottrap4 IJ hereof xpsvifyi(rg: tl) the breach;
<br />' {~- action ltd #o cute such ttrvsch: f3# a distr. n.,t lea !tutu i6 days frutn the date the ntrrict rs ttra#ird to 74orruwrr,
<br />by rrkith web brsaeir mtaxt be rttrrd; and €+t that #aUnre to curs sac#¢ trench on ar feature the date sprriiirsC in the turticr
<br />-~ neap reatdt iw aecmk(aifera al leer sutm snored by ttris !sturt~rgte. forertusurr by judk#ni proceeding and wit ui the Properh.
<br />~'lltt notice sba~ fuatber ittfurus Harrower of tent t~yyh4 to rri(utals after screirratioa and the right in asstti is the foreclosure
<br />_ prtretr ttrr tutib-r.x~xace of a tkftwlt (u rn,} o(trer dtf(•u+.e of ~arruwer to :tccr#eralion and Irrrrctmun•. tF #ht hrrar.'h
<br />-.it not zursd vet ar 6efartt text dais spttllltd in etas tmtirr, ixtufr( at i.eudtrs ophwt may drriarc act of the Boras secured 6y
<br />~" i$is ~lwt{pglt #u, he tata(ediatsi> due and paya$ie witAuut fnribrr dr(aarra and rway forrcfa't5r ley jttdn-ial pnxcxYtditai{. !.coder
<br />a Oe tniftisd to tuitsct lq _..-.G ptocsadirag rd# rxprrtats of furrctoaure, #urladt~, Gut uoC l#ariled ta, torts of ducuutratary
<br />at~itleece< a6staactr,.:md tHls rtpnrls.
<br />1~, aostawrt'a ~t YU Sei~taCr. ti=:tw ttl'rstanat(ig t.a sole:-~ ,. R~l::i tt:on .• :law .Un:a .s4s: r;red ht th+s torigaKC.
<br />.~~t+"e,' ': .a:1 i'ta. ..E t;~;tt +.: Ga .~..,,£_ ~~. >;:„e......_..._ .. ":.:. a _ +,. _,.,,.+. ,~ .., . •...._
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