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Form $OB B
<br />81-- U0.1724
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of ail mortgage insurance premiums in the
<br />manner provided under paragraph Z hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interns[ thereon, shall become additional
<br />indebtedness of Borrower exerted by this Mortgage. Unless Borrower and Lender agree to other taints of payttsem, such
<br />amrSliitt5 aba8 he payable upon notice from Lender to Borrower requesting payment thertaf, and shalt hear intert~ from the
<br />dam of d'rsburs~rent aY the net payable fmm tine to :line cr. eatstattiting principal tu:ckr the Mott unless payment of
<br />interest at suc3 raft wooed br contrary to applicable law, in which event such amounts shalt bear interest at the highest rate
<br />ptrmiasiidt utukr applicable law. Nothing txmtaimd in this parageaph 7 shall require Lent to incur any expense or take
<br />arty action ltetreu®der.
<br />B: fttareedaa Lender may matte or caux to trt made reasonable entries upon and irtapedioecs of the-Property, provided
<br />that f.tnder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />intetesr in the Ptttpcrty. -
<br />9. Ones. The proceeds of airy award or claim far dama¢ca° direct or cot>stquentisi, in etinnection with any
<br />conddtenation ar other taking of the Property. or part thereof. ar for convtyaace in lieu of condemnation, are hereby assigned
<br />amt shall be paid to Lender.
<br />in the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Borrower. In ttre event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall rte applied to the Burns srcuted by this Mortgage such proportion of the process -
<br />u is equal to that proportion which the amount of the sums secured by this Mortgage imrrrcdiatety prior to the date of
<br />taking L+ears to the fair market valor of the Property immtdiattly prior to the date of taking, with the balance of the proceeds
<br />pair! to Bttarower.
<br />If tht Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the contitmnor offer's to make
<br />an award or settle a claim for damages. Burrower faits to respond to Lender within 30 days after the date settle notice is
<br />nestled. Leader is authorized to collect and apply the proceeds. at Ltndtr's option, either fe restoration or repair of the
<br />Property nr to the sums secured by this fs~ortgage
<br />Linless bender and Harrower otherwise agree in writing. any such application of pracetds to principal shall not extend
<br />or postpoar the due date of the monthly inatailmtnts rrterced to in oaragraphs i and ? hereof ar chaos! the amount of
<br />such +nstallments.
<br />]9. 1levraaer'.Vat Released. Fxienston of the t,me far pae~mtat nr madificanoo of amortization of the Buttes 9ecuted
<br />by this Mortgage granted by Lender to any successor in io!rrrst of Barrowrr ,hail not oPtrste ?o release. in any manner. -
<br />tht tiabilitY of tht nrtgmal BOCTAN'tF and Bttrrow•er's successors in interest Leader shal3 no[ fre required to commence
<br />proceedings against such cuccesx,r nr must to extend t+me for payment .~r atheruise modify amortizatirnr of the sums
<br />sxurd by Chic Mortgage ny reau>n of .+ny demarsd made hr' the +.rig,naf Borrower and Borrower's successors in interest.
<br />f ]. Fntiexiseet M tanitr'.tiar a Waiver. Any fnrhearancr nv Ccndrr in exerc;sing any right er remedy Fxreunder, or
<br />otherw•tx .afforded itv applicable law. sha!7 oat hr a waver ,.t .~r preclude the exercise of any such right or remedy.
<br />The ; rcxu:tk.ent of irstuance s>r :he payment of taut, :u , thgr ';ens <x charges ~ s t-ender shall nai fee a waiver of Lender's
<br />right to accefentr the maturity of rho ,ndeMcrlrerss .ac„red f,v thrs Rtongatre.
<br />lZ Reese~ea Ctamslsthe. AH rrmedies pr~s:ded ~~ this ifnrrgaRt are di>tln.-t and cumniative to any other right or
<br />.:.. °d¢r .^..s , n .gage E - - ~ ... , .. .,ad . !~ _,... ---.t ~.,.. ...t!s..r.-+e^-tide^+t° _.. _.__ sly
<br />yi3.i1ehneecs~reesr~ Aaailge.,Baasedc ls+iat aadUSetrrd I,lebithr: C'aPttosn.ryflte~.~ovenants and agreemrnt.:chttein
<br />contattted thafi hind. and !ht rights hrrcundtt tna!1 inure ;..:7r rrcprrt:ve :..,.,,,..~ sad :; .egos : ' f-ender and Bnrrawer.
<br />sub{ter to the prnkisietxx of psragrapf: t? hereof :art r:cvenarsu and agrtemtttts ++f Ba,rrowYr shat! tee joint and several.
<br />71ee capttrnts and htadiugs ,,f the paragra;±frs ^'.4 !his tinrtgage are Inr ~a=nvtmPttcc only :md .,re not to ix used to
<br />interpret nr dtfrre the provisions hereof.
<br />14, tistlee= >=:rgpt For _~,v r?otast reu!airrd caa._f?r :rppii.-able- '•sx t., i+r >i;v?n ; a a+~ettzer manner. (a) any unties m
<br />Borrower provtdtd for m this 1~inrtgage shad tk sever, bs- ntatiing such n.tree Fr -:er[tfltd mail addressed to Borrower at
<br />tf!t Property Address ar at such other addrns as 8nrn.we, naafi destgnatc ht° jotuc to Cinder as provided htrrin. aced
<br />thl say not+ce to Lender shaft f+r g:vcn he .-rrrafred mu:i. retain receipt requested, to Lender's addr-as stated herein or to
<br />=_uch street address as L.tr~tr rosy dtsitraatt ht nt+ucr t., Barr,.wer ax ors*vided trtretn. Aug notice pn?vidtd for in this
<br />~tnrtgagr shah t^e deemed to hair turn given to Borr~w,rr nr t cadet uhea gtvrrt in the mantser designated herein.
<br />is. Utelfers : Goveraiag I~tet Seversiili<v. P t. than of mortgage c.?tnf~nes onifnrm covenants fur national
<br />use and nonuniform cevenants with limitcEi .3r:s:tans t,r tun--sd:ctinn to camtitute a uniform sxuriry instruattnt covering
<br />real property ~IY.is Mortgage shat! `.e gavrrtard by the !.rv ;, tt3t +::trsdictann in which the Property is ic+cattd. Tn the
<br />tvtrtE that any provtsien nr clause .*f !his Mortgage +•t :he ti:,te ~-c~nRicn ssirh applicable law, such cenftict shall not affect -
<br />.Nhri pravt:.mxts +>f thn Mortgage .;r ;. - ..~ ..++. - -:=s-n c~ E wittn.ui the conflicting provision. and to this -_
<br />cad the pmvtsiszrrs nt ehr klnrtgage 'snot lilt tiote~arr ,"xciared ti fr srvaabla-
<br />_~.,,
<br />fr, >r =red... ta.........-_ - -- -- - - - - -- - - -- - --
<br />;zf eaecutian or after rxardition ttcrtot. ~ .
<br />]T, Prtstiafefr sal fife PlfslaRfyt Aifra. if aft .+r arty ;+~rt of t!tr Property or as interest [herein is sold nr transferred
<br />tt1' Harrower svrrhtwt [.rmier's pear wrttern >a*rtstrt, exctud!ng +s~ the .:r:.atian at :x !tan .+r ertcumbtance subordinate to
<br />tl;Ft 1M]1.trt~ARe.. [bi Eht ~TtiCiNt :+f a pJrti tlaSC ^3-,}nC4 K^c ttCktt :±r!CfCS! fur snustttotd appllancts° (Cf a IranSftf by deytEt. -
<br />dtseant nr t+y s+perstxtt of law ;~ptx+ rite .ttatt+ ~~. _ ,..,, t tenant t,. ~^+. she grant of any leasehold interest of three years nr less
<br />nos ecmtainsng an :=peens tea f-asrcitase. S tnt#tr ^tav ss I st:dcr i . ~ t+sm- Tulare af! the sums stcurod 6y this Mortgage to bt
<br />=ma>~dtatciv dot and peyittk t ruder shah kavr ~+a;~.rsf s;;, !: ,;psian 3;r aurieratt tf, prior to the Bak nr transfer. Lender
<br />and the parse-n to +vlxvm rfie Praperry~ t, t,r :,t slid ,~r r-ans#r=rtrt reach agreemett :n wor=n; that the credit of such perscm
<br />:s sa€itip'a~-ttn° t.;, l.e.-r~r seed :;.a: t?sr smzrrst t.~a,at,#t s~n tier +,+ms secured i+v this '.lortgsgt sttali be at such rats as l.rnder
<br />shall rtsifesrsi. ff itrtder has waxve® tfte .:,t,aa t.= +ccrkrate prncrdtd to !his paragraph `?. sod if &~rrowers successor in
<br />:nrl7Lit hffi tatettttd a wrtittre attsssmFh>tin agretrtttnt accepted in urittng by lxndtr. I.tader shall release Borrower from a1I
<br />uteder thfi Mortgage and test Ante,
<br />tr ! e :.z_"^~c~^s : ...,,.`.a° :. „~::e;a.c.:.-. - ;i;a.t tt+s,i ik.cr,:~..rr :~x,,..t . c~eier~tuvtt i,i s.:turda,-tce with
<br />pitragrapEt f4 hens±f, Such novca+tsil9 piny-.tlr a ;+er.;,st~cd c;ot less than 3#t Jarc tram the dart the notice is trailed within
<br />whist! Hcxrrtw~er stay pas !tit sums declared due. lr Bnrznwrr`a:k to pay ssch sum: pre<+r !+~ the expiration of such pcrtod.
<br />ktndtr mry. wttitnart furilttr tsmxr nr :kmatx# .^n 73axrawer.:nvokr any rtn^-dtts permuted by paragraph I R herwE.
<br />;sks»-U»r~w C+rnra»w»rs fbn'o+ver sad Leader further covenant and aster as tc+iirnrs:
<br />ill. ~ Ram tzcrist as pnnided is tT tverecf, ~ iCtanewer'a tseeaci of say rsvtafet or
<br />arfaasttM e# liisa:orrsr Ht lint '•~fiMitAt6r, iseciatiirg the ceseaeah to pay =ales dot say sattas ststerei by tWet H~fte,
<br />f.gltN 1~ N afKdnada! aiN t~ aodce fts )BBfr9RK ~ prevldcd to paeaQa~i 1< heseef 3plClfVll~ 1]) left hfeaelt
<br />l~ tat aadaef trsgaita~t lea tree Baal leeatlu tal a dace, oaf lee lima ~ days frrr the daft the notice is msikt to tiarrmrsr.
<br />lf' traiei taac3 le~nsdt safe ins ctastk aN ltl titer fttlac da Cat srri lreaft tin a befsee tie dots s+eci8ed ro the nefice
<br />aloft eseaY Yir asciesafiaa of die ~ fstrasd by tiff Margptpr, fatrerle~ee N jaditW pesctedilg [fad salt of fie PtwpertY.
<br />Ttie atfdt¢a rtYR ftttNct iaftfls 14oresfret ad tit tigif ps rciapate after tixeekratins tad Ibe rigiE to tatfaet is tie f+p+ecisasre
<br />ss c` ~ r.YSMsryi•Aau1e'a +af a dttfaati or awry ufitet stefaatae of Harresfa7 m atrsleratiow asd f+tset. if fir irrest6
<br />is rMiP-s'ttMt Arf of helias fie ds!ae ttNeelliet h tic aadee+- Leader N letetler'f o}tias tear desists aiy of fir sin seewcd by
<br />alte ftteee~a~le fo le iaaitt daa tai payaitr +NWtoat firrtirt deasand sad tiny ftstcclass by jetiiclai praceetirh{. F.etftkr
<br />~tf#itr,!atfilgai fa caiFucf if Barb ptae^a~ayd ail ea}aaaaa :si Iererfasteri. asttadittg. bas teal iiadsed to rases of daewateafaa'y
<br />~: a sit fFfkt
<br />aft itisaa+t~°i le 1Rsiserttsee. 'intwaltstsnd:ng Lc»dt~ s a:ctirraaon .at test 4.ums secured by this Mortgage,
<br />BtYerstsacr sltatl have else riglr isr ltiY-t au.° prtrttdinge ixitua hr l.ctts~t tc rnftxc't thn Slstrtgagc ='iscsmunterd at say tams
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