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<br />.DAN >dUMBER 210537007 fGONTiNUATION OF RENEWABLE RATE MORTGAGEI
<br />Unless Lender in6 t3crmwer WMr'wrse agree rn .ynting, irreuranq prpceede stall !>e ejipiNtl to restoration or repan of !tM PropmtY damaged. pranoM such
<br />Matorattort or repan Is etbnomicahy feeffbb aM the seeunry Ot tea Martgege ro not [Hereby irtpbreti. it such rOatorelion a vapor is not eeoetprrncatryleYi-
<br />Dboriflne security of Mis Mortgage would de impaired. meinsurarMe ClOCeedS snail be apWieO to the sums TeCUred Dythrs Mortgage. with ttr rYaceei rlaq, I
<br />paid tC eprowar. It iM Property is abandoMd dY Borrower, Oe if Borrower tails to resppW io i-ender wnnin 70 clays from the Bata notice ra maite0 try t.endx t0
<br />BOrrpwel fiat tM rnaureince Carder oMera to Se1be a Harm for inwrance UeneUts, LerWer is aumoriaetl to cAlleCt dad apply IM tnsurente proceetls at Lentlars
<br />option atner to reMNatmn a repair o/the Roperty or ro IM sums seeure0 by this Mortgage.
<br />Unbsa Lender end Borrower OlMrwiSe agree in writing, any 3UCn appliCaliOn of proceeds 10 pnnGpal Snell not exterW or postpone tM dire dila! of tfte rttorr
<br />fhry iMlailments referred to in paragraphs t antl 2 YRreof or change the amount of Sucn rMtafirnents. It under paragraph i8 Mreot iM Prgpavly is apquirsdDy
<br />Lender, ail nqm. tltie and intefeat of edrrower in antl to any msurence pmleiea atW in arW IO tM proceeds [hereof reaullinq Irom tlamage io the Property prbtto
<br />-the SNe a aWUisrtlOn snail pans to Lender to fine eztent of tM sums 9QOpretl by finis Mortgage imnreWately poor to such sale or awuialtion.
<br />0. PttraneUan and MaMMtance W PropMy; LNMttNda: CaManinWms; PlartMO UNt DeveWlpmerth. Borrower anau keep tM ProDertY in good repair ertd
<br />- Shall rtW tommii waste a patron impairmanl or dBlenoreilon of fine Property and shah comply with tM prOtlalOrH of any lease if fhb Mrxtgage is On s
<br />_JeefahOltl. it this Mongage I5 on a unit in a condominium W a planMd unit deveopment. Borrower shall perform all Of Borrower's oDligatbM unWr the
<br />tlecfaration or covenann creating or govxnrng the contlomimum pr pbnnetl unit development, the by-laws aM requlatbna W the condominium a phoned pmt
<br />tlwMOpment. aM constituent tlacuments. If a contlomimum or planned u :::development rider fie ezecutetl by Borrower and rrtcordeo togstner vyilh tins Mrx-
<br />- (gags, the covenants eritl agreements of such rider shall be incorporated into antl shall amend and suppleme+it the covenants end egreemenisot thi6 Mortgege
<br />as if the ride were a DBrt nereol. -
<br />). Probetlon of Urrder'a s«pdry.11 Borrower tells to perform Ina tOVenants and agreements roniained in thl9 Mortgage. or if airy action Or proceeding tS
<br />` commentetl wroth matanapy aBacis Lenter's inbrest in the Property, incNtling, but not limitetl to, eminent tlomaiq insWVency, cotl@ enforcartiem, a ar-
<br />rangemen[S Ol proceeding6 irwOlWriga bankNpi OI tlBCedent, roan L@ndar at Lender's OpilOn, upon nOtitB t0 HOrtOWer, may make Stith 8ppeararrc6a, dlabUfM
<br />soon sums and take such action a9lS neteaaery to protect L¢ntlelS Interest. inclUtling. but not limiletl to, disbursement of reaaoneDle attorney's fees and erv ~
<br />try upon the Property to melee repairs. II Lender required rortgage irsurance as a contlition of making the loan secured by tole Mgnpage, eortowe* shall pay
<br />the premiums required to maintain such insurance in effect until such rime as [he requirements Tot such inSUrinGa terminates in accOrdanr~ wrN BonowKs
<br />and!»ntlar's written agreement or applicable law. Bortower snarl pay !rte amount of ag mongage insgrante premiums m ttta manner prowdxt under paragraph
<br />2 hereof.
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<br />Arty amaunts 6isbursetl by Lentler pursuant to ims paragraph 7, wqh interest thereon, shall become atltlitioMl tntlebtrWness of Borrower seoUreft by This ~
<br />Mortgage. Unless Borrower and Lender agree to other levee of payment, Sucn amdrnl5 Shall de payable upon notice Irom Lender to BOrrOVrel requesting paY-
<br />m@nt mmeof. and shall bear Interest from me date of di5DUr68meni al the rate payable from lima 10 lime on outstanding pnrmipal uMar [M Note unless pay-
<br />mem of intere9l at Such rate would be Contrary to apphCable law. In which even[ such amounts shall Daar mierest al tM mgnast rat@ permissible under ap t
<br />phcaple law. Nothing containetl in this paragraph 7 snarl require Lender to incur any expense or take any action hereunder.
<br />& Inspeetlon. Lentler may make or cause to be matle reasonable entries upon antl inspections pf the Property, provided roar Lender snap qne Borrower i
<br />natiM prior to any such inspection specitying reasonable cause tneretor related to Lender's rmer@st in foe Property. ~
<br />9. C«Wemnetion. The proCeetlS Oi any awartl or claim fortlamages. direct or consequential,:n connett~On with any contlemnatmn Or other taking ofiM Pro- ~
<br />pE^.y. ^v pars Thereof, Or tOr conveyance m lieu Of Condemnation, are n¢reby as5ignetl antl Shall be partl to Lender. 1
<br />In tM event of a total taking Ot the Property, the proCee03 Shall ba epplietl Io :ne sums securetl by tors Mortgage, wiin the excess, d any, partl t0 BOrrOwer. In I
<br />the evMt of a panial taking of fine Property, umess Borrower antl Lerber otnerwrse agree •n writing, there shall be applietl to the sums securetl by this Mortgage
<br />Sucn proporton of the proceeds a3 i5 equal to loaf proportion wniCh the amount of Ina sums securetl 6y tors Mortgage immetlietely prior tp ih8 date of taking
<br />bears to the tau market value of the Property immediately yrior m Ina tlate Of taking, with the balance of fine proce¢tls partl [o Borrower.
<br />It the Prdpeny is abantlonetl by Borrower, or it. after notice Oy lender t0 Borrower that the condemnor offers to make an awartl or settle a claim for tlamages.
<br />Borrower tails to respond to Lendef wi[nin 30 days dear me dale Sucn nohce is manetl. Lentler re authgnied to collect and apply the proceeds. at Lender 5 op~ '
<br />tibn, elmer to restorahpn or repair of m¢ Property or w the sums secured by cols Mortgage.
<br />UmesS Lander and Borrower OinerW i5e agree it• writ my. any 5Uph apphtdhpn Ot prOCeetls l0 pnnGipal Shalt opt a%tend or pOStpOn¢ the Cue date Of the mOn-
<br />Ihly ir:stalimen(s referred IO in paragraphs t antl 2 neteot Or change the amoum OI Sucn :nstai:ment5.
<br />t0. Bortgwer Not Rebasad. Extension of the hme for payment or modificatrOn Ot amorhLabon of the sums secured by iris Mortgage granted by Lentler t0
<br />arty SUt0aa30r in inter@si C! BOr:Cwer Shari not Operala t0 rer¢a68. :n Any manner. Ina Iidbliity D7 the Otlgindl HOnOw¢r d:fd BCrfC'wai 5 SUtc2550r5 m mtereSi.
<br />lenoer Snail opt be requiretl t0 comments proc9etlings agam3t such Successor or refuse [U extend rime for payment or o[nerwise mod:ly amprt:zanon Of Ina
<br />ores secured ay this Mongage by reason of any tlemanp made by the original Borrower and BorroweYS spccessors in interest. ,
<br />tt. Fwrbearanp try Lentler Not a Waiver. Any forbearance by Lender in exercising any ngM or remedy nereuntlar. or Otherwise alfortletl by applicable law. I
<br />Shall riot De a waver of Or DreclUtla the @xerCise of any such rrgn9 Or remetly. Tne procurement al insurance Or tn¢ payment Of taxes Or ether li¢ns or chdrges by ',
<br />+erWBJ 5hali not ba a waiver of Lender 5 nghi IO accelerate me maturity of Ina indeb[etlness secured by this Mortgage ~'
<br />7R. Remedba Cumuletivs. All remedies provraed .n tors Mongage are distinct and cumulative to any Omer ngm or remedy under tors Mortgage or aftordetl
<br />by law or equity, and may be ¢aerclsad concurrently, inMpendenily or successively
<br />i;t. Sttpaetion erd Herons BoWM: aoint avid Savant LfaDa{ly; CePUSM. Tne covenants dnd agraemenla Hereto cOntain¢tl shall pintl. and the Iignts
<br />nereuntler shall inure t0. fide respethve successors antl assigns of LerWer and Borrower, subject to fine provisions OI paragraph t 7 hereof-Ali covenants antl ,
<br />egreemmnts Of BOr(Ower snarl tK lOmt antl Several The captmM antl neadmgs OI too paragraphs of Mi9 Mortgage are for convenience Dory and are not t0 Da us~
<br />Od t0 interpret Gfytlehrle the plWlslgfla htt@pi. ;!
<br />te- Nobtn. Except for any nohce requred under apphCable bw ro be given in another manner, la) any notice to Borrower provWed for in tea Mongage shah it
<br />be given by marling Sucn nonce by cerlihed mad E.tlraSSetl to Borrower at the Property Addres3 or at Sucn other address as Borrower may designate by notice i
<br />to Lender as provded herein, and lDl any nohce l0 Lender Shall ba given by cerldred mail, return roceipt requested. Ip Lendei s atltlre55 slated herein or fo such '
<br />WMr atltlreaa as Lender may dBnigMla by notice to Borrower as prorWed harem. Any nohce prOVltletl for in this Mongage snarl De deemed fo nave ceen given l
<br />t0 BOrrOwer or Lender wMn given in tn@ manMr 4esignatetl hereto.
<br />ti Umiam MertgetM: GovatNrp Uw; Swereblliry. Tms form of mortgage combmea uniform covenants for national use and non-undorm covenants won I
<br />limned vmntioM by 7unstlrtnpn to cOnatnu[e a unnorm Security instrument covering real property. Tnls Mortgage shall de governed dy fine law at me IurrsOrc '
<br />tipn in which the P(Opefty is IOUiIOd. In the event Ina! any pOVrsiOn or CIauB@ of lm9 Mortgage OI the Note COnllrcla with applicable law, such cpntimt Snell opt ~
<br />flneCi Whet prOViarpns of ims MOttgege m Itre Nola whrcn can be preen effect witnOU[ the cOnfncting provlslOn, an0 to thin antl the provisions or the Mortgage
<br />antl the Note are declared to GB Severable.
<br />10. BOR01MeIS Copy. BOriOWer Shall M fulnlaned a ConlOrmetl cODY of fine Nole antl of ims Mortgage at Ina hme W execution or alter recoreaUOn here0l.
<br />1T- Tnraipat IM Property; ASewnpUan. If all M any pen Of tM Properly or an inlereSt Iherem is 5010 p: transbrrmt by BOrrOWer without LendfYS prior writ- I
<br />ten consent, exClumnq !a) IM creation of a hen or encumbrance suDOWmala to this Mortgage. Idl fine creation GI a purchase money security mierest for
<br />hbu98hOltl appliances, lets Iranaler by devise, tleuent Or Dy operation of Taw upon fine tle9ih of a iornt tenant Or WI fine 9rani of anq leasehold interest of iMea
<br />yeete O! Iesa not connimnq en siphon to purCnese. Lander maY. al Lentler 5 option, declare all iM Sums secured by mis Mortgage to oe immedieleiy tlue and
<br />peYebl6. LeMa( shall have wawatl Sucn OpltOn to accelerate d, poor to the sale or transfer. Lender and the person to whom Ina Property i3 to OB SOW Or
<br />Innaferretl reYOh agre9menl in writing foal the Ciedil of Such person i4 6AAtafeclOry f0 LeMer and That ln¢ mierest payable on IhG sums sBCUrad b/ tors MO+~
<br />igaps mill be at 9uCh reie as L@niter sha71 request. It Lender hag waived tM Opimp to accelerate provided in ims paragraph 17, antl it Bprruwer'9 succeSSOr in
<br />' Ynkareat ha6 executed a written assumption apnndwnl acceplao in writing py Lender, Le.'Wer snail rei6asb BO+rower from all cbhgahpn5 untl¢r finis MOrlgag¢
<br />and tM Note.
<br />If LBiWer BxelUraeS auen OpirOn t0 acCebr818, LerWM shall marl Borrower notice Of apGelOrahOn ,n accordance with paragraph it ner@OI Such nohce sMil
<br />prwWe a period Ct not less Irian 3C days trOm ins date 1M notice i3 mailBd wnnin wmCn Borrower may pay fine Yurne UaclareU due ~' Borrower tan3 r0 pay Bunn
<br />Some pY10110 m4 exprripOtl W fiuCh periptl. Larger rtUy, wiihOUl Curtner notice or demantl On BMrow¢r. :~rOxe a Y -meU~es perm:tied CY paragraph iB ne+rrpl
<br />L~?; sB t?~!i? Flnbt Mfr irun-~Grer y- „-. -
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