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Lender`s written s~reeaaa~t or applicable law. Bwroww shall pay the at~ouat o~ all ~aort~sge iawa~oe premiua~t in the ~
msane~ ptovidal urKiet parsgraph 2 hereof.
Any amou~ts disMtraed by I.ende~ pursuant to this parat~aph 7, with iaterest therooo. shall become sdditiooal .
iodeblednas ~~t Borrowcr secuood by this I?lortgage. Unless Bormwe~ and I.enJcr agroe io other ~erms of paymtat, such
amou~ts sMll be payaok upoo noth-c from I.coder !a Borrowr~ rcquesting payment thereof. and shall b.,ar inte~st fran ir~ '
date of disbursement at tl~e ratc payaMe from ti~e to time on outstanding principal under the Note unkss paymait ot
interat at such rate vrould l+e contrary ta applicabk law. 4~ which event such am.w~ts sha~i bear interai at the hi~ nte •
pern?iraibk under ~pplicabk la~r. NMhi~g c~xuaiaed in ~his paragnph 7 shall -equi~e I.ender to incur any expease or Wce ~
any action hereunder.
s. iwspectio~. t.ender may make or cause to be made rcaso~abk entriec upc~n and inspectio~u of ~he Piroperty. provid~d ;
that I.eRder shal) gi~r Bor~ower notice prior to any such i:?spect~on speci(ying reasonabk caeu~ ti~sreior rclated to Lertder's ~
interest in the Propetty. . ' `
9. Caademptba. The proceeds of ~ny aw~~rd e~ claim far damages, direct or co~sequeniial, in connection with any i
con~kmnata~ or dher tsking of the Propeny. p~~ ~r~~r, cx far rnnveyance in lieu of condemnation, are hcreby assi8ned- '
s
an.ti shalt be pnid to Le~de~. '
Fs! t;i~' Cl`~t1t e-~ t1 !_~fa~ :~.':'i: e~~ 1!t~ ;:~c't,-, ;~t !-:~J~:C~~ ,~:,i,~1 `~p ~!s••!~.-} `Ivi ce.tne orC~~fe~l bv +hic M~l~iRl. ~
~i:~ IftC •.`\~~.5. :a^t'. ('•ci:'~{•`!{ ~i?:i::A'L'f. ji1 l~'tC ::11 l`f *3 ~~'~l1: Sdk.Ftji ~SL !t:t 1~!'. .@'rli. T!ii~t :t !^'4~'~?=:0-4T d#:t~ ~.2t;tie~Y
oihetvvise agooc in wtntin~t, ti~rte snaii be apfiiied :a ir.:. ~u?u> ~..:FC+i ~t t'~~s ~ic~:-;gib~ ~::th ;*c.,-~~~;~ ~f ~+;:~.--~-~s
as is equal to that proportion which the amcwnt of ~he su:rnc xcured by t'~is Mortga~ee immediately prio~ to ihe date of
taking ixan to the ia~r market value of the Prapeny immeciiatet~ pri~ to the dace of taking, with the balance oi tht proceeds
paid to Borrower.
if the Froperty is aband4r~cd by Borrower, ar if. alter naifce by Lendrr to Borrower that the co~demnor oftcn to malce
an award or settle a claim for ~amaltes, Bormwe? fails to respond to l.ender within 30 davs aftet the date such notice is
mailed, Lender is authorized to collect and apply ~he proceeds, at i_enclrr's option. either to restoration or repair of t1x
Property or ta-the sum~ sccured hy this Mortgagc_
Unless Lender and Bomuw~er otherv?ice agrce in Writing, any such application of prcxeeds to p~ncipal shal) rtc+t e!ctend
cK postpont the due date of the monthly installmeots referred to in paragraphs 1 and 2 hereof or cha~ge the smc+unt of - ~
such inslallments. _ - ~
lA. Bon+ower Not Rekssed. Extensian af the time for payment or modification af amortization of the wms sxur.d
by this Mortgage granted by I_e~xler to any ~uccecsor :n interect of Borrow~e~ chail not aperate to rckase. i~ any man~ier. ~
the liability of the original Bom~wer and Bc?rrower
s successc?rs in interest. Lender shall not be required .'o commence
proceedings against such suecessar or refuse to ectertd time for payment or othen+ise m~dify amortization of the sums
secured b_y this Morigage by reason of an~ demand made by the orieinal BoROVVer and Borrovrers sucres.con in intercu.
11. Forbesrance by I.ender 1V~t a R?dve~. Ao}• forbearance by 1_ender in exercising any right or remedy hereunder, or ~
otherwise afforded by applicable law, shall nc+t be a waiver of or prectude the exercise of any such right or remedy_ _
'il~e procureme~t of i~uranoe or the payment of ta~es or atlier liens or charges by Lender shail not be a waiver of Ltnder s i
right to aceelerate the maturity of the imlebtednesc cecured hy this Mortgage. ~ ~
l2. Remedks Comuhti~e. All reme.iies pm~~ided in this Mortgage are distinct and cumulative to any othe~ right or ~
rcmedy unde~ this Mortgage or atTordecl by law or equity, and may be exercised c~~ncurnently. independently or successively. t
l3. Soecessors aad Assi~as Bound; Joiat and Se~•eral i.iabAit~; CapUons. The covenants and agreements here:~ '
contained shall bind, and the rights'eercundcr shall iRUre to. the respective successors and assigrts of Lende~ and Barrow~er.
suhject to the provisions of paragraph 17 herer t. All covenants and agreements oE Barrow~er shall be joint and xveral.
The captions aod headings of the paragraphc of thic Mortgage are for convenience only ar~d are not to be used .ta ;
interpret or define the provisions hereof. - ~
I4. Natice. Except for any notice rcyuired unekr applicable law° to be given in another manner. (a? any notice to
Barrower pr~ovided for in this Mortga¢e shall be given by mailinR such notice by certified mail addressed to Borrow•er at `
the Property Address ~r a2 such other address as 8orroK•er may de~ignate b) nQtice to I.ender as provided herein. and
(b~ any notice to Lender shall t~e girc~ by certificd mail, rctum receipt requested. to a.ender
s addres-~ stated herein or to
such other address as Lender may designate by x~tice to 6ormwer as providrd herein. An~ notice provided for in this
Mortgage shatl be deemed to have been gi~~en to Born~wer or Lender vehen given in tht manner designated herein. ~
15. Ua~fore~ Mort~e; Goreraiu~ Law: Se.era6aity. Thi~ form of mortgage combines uniform coves~ants for national ;
t~se and non-uniform covenants with fimited variations b~ jurisdiction to constitute a uniEorm security instrument ec?vering s
f reai pr~perty. This Mortgage shall be governed by the law of the jurisdection in which the Property is locate~ In the '
~ event that any pr~vision or clause of thic Mortgage o~ the Note rnnflicts v?•ith ap~licabk law. such conflict shall not affect ~
~ other provisions of this Mortgage or the Notr which can be given ettect without the conflicting provision, and this :
~ end the provisions of the Mortgage and the Note are declared to be severable.
; l6. ~armwer's Copy. Borrower shall bc furnished a rnnformed copy of the Note and of this Mortgage at ihe time ~
of execution or after recordation hereof. '
l~. Trsnsfer of t~e Properlv: Asumption. If all or an~• pan of the Property or an interest therein ic sold or transferred
by Borrower without I.ender's grior written conxnt. excluding (al the creation of a lien or encumbrance subnrdinate to ;
this Mortgage, (b) the creation of a purchace money ~urity interest for household appliances. (e) a transfer hy devise. #
descent or by operation of iaw upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or Iess i
not containing an option to purchase, Lender may. at I_enders option. declare all the sums secured by this Mor*gage to be :
immediately due and payable. Lender shall have w~aived such option te aecelerate if. prior to the sale or transfer. Lender ~
and the person to whom the Properry is to be sold or transte~red reach aareement in writing that the credit of such person •
is satisfactory.to Lender and that the interc:t payable on the sums secured by this Mortgage shall be at ~i~.h rate as Lender ~
shall rcquest. if Lender has waived the option to accelerate provided in this ~aragraph 17. and if Borrower's successor in ;
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Note. ~ ~
if Lender extrcises such optioo to accelerate. Lender shall mail B.~novrer rwtice of acceieration in accorda~ce v?~ith
paragraph 14 hereof. Such notice shall prilvide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums declared due. if Borrovrer fails to pay such sums prior to the e~piratio2of such periad.
Lend~r may, without further notice or demand on Borrov?er. invokc any remodies permitted by paragraph 1~ hereof. t
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No!+-Uxt~t~t Cov~Ne:wrs. Botrower and Lender further covenant ar.d agree as follaws: ~
18. Accderatioo; Rer:3cdia. E: as vWed ie 17 htreof, ~`oo Dorrower's 6racti of ar covt~aet or ~
~ P~ P~~6~
~ of eon+ewer in t~is Morf;age, ~wg tie coven~ds to pa~ whew d~e asy soms aec~rea b~ t~is Mo~age. Lader ~
prior to sccde~o¦ s~a~ saiil ~otlce to Bor~ower as prorided ie para~ra~~ :4 fKrcoE specifyl~: (1) the breacb: (2) tbe actios ~
r~ b c~ee sac6 6racb; (3) a da~e, oot less tbsn 36 dsjs froe~ tre date t6e aMiee k~Sc~ to Eorrower, by w~ich sacb
breac~'rt be c~re~ a¦ii tl~at f~re to cue sock 6nsc6 na M bdere t6e daRe ~peel~'ied i~ the ~Mice sq resalt ia ~
aceeknMjo~ o[ S~e su~s ~red br ;ais Mo~a~e, iorsclowre 61 jo~tc~ N~oee~ a~d sale ot tre Prupert~. 'Itie mtiee ~
s~all f~rt6er Mon~ Soav~wer of t~e riqit to reiashte aNer aceekrMlo~ ~d tbe ri~it ~o a~aert ia tbr fo~r~cre p~oceedi~
tre sow~t~teue d a iefs~lt or sny d4er aefease of eorrower to secdera~tio~ a.d (astri~. tt ttie breac~ i~ ~ot eare~ a~ ~
or b~ore the isle s~ecl6ei i tl~e wMke, Le~der st Le~dePs optio~ ma~+ ~ecVre M of We s~~s sec~rcd by th~s Moet~e b be
~.tse~eljr d~e aei pyabk witbo~t feutl~er demand aud may fwecta~e t6fs Mortaa~e 67' j~d~cLl Mae~edi~. Leadtr s6a~
6e eatitled to coOect L s~c~ ~ all es~enses of foreclos~~+e, `c1~, b~t ~ot ~ t0. rearoo~le attor~t~'s fees.
a~d tosb ot ios~ e~idesce, a6strscts md title repor~ _ ~
~ l~. for~wtrs lti~t to ReiWata Notwitlutanding Lender
s xakr~tion of the sums sesured by this Mort~age,
~ Borrawer s}wil have the rig6t to have an} ~oc$edings b:gun hy l.o~sder to enfor.x this Mertgage discontinuod at my time
6a ~ 277 48 ~
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