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Home My WebLink About0876 I.cn~lrr'c w~iucn agrccmeat o~ appl~cabk tewr. Bor~ower ~hsll pay the smuuni ot all mortga~e insurance prcmiunu in the manocr prc~v~drd undcr parugnph 2 hcrcot. Any amc~untt JishurscJ by I.rndcr pur~uant to thi: parc+~raph 7, wi~h intcrest lhcteon, shail becc?me additional - in~Mrdnccs of Ek~rroNCr ucurcd hy ~hi~ Mortgage. t?nlc.~ Barruwer an~l I.cnder agrrc to otht~ tcrms of payment, xuch ? amou~~c shall be payahk u~x~n ~t+re (rom I rn~r ti. fk,rruv?rr rcyurtiting paymenl therrnf. and shal) hear inlcrest from the ! Jate at dichurscmen! at Ihe rste payahle fr~~m timc to Iime oo autstanding ptincipal uade~ the Note ut~kss paymet?t ot interest at such rate wcwld be ca~trary ~o ap~licable law. ~n whirh event tuch amaunt: thall hear ioterest at the highesi nte pe~missibk under ~pplicabte law. Nrnhing roniained in thic parag~aph 7~hall require I.cnder to i~cur any espense or take any aclion hereunder_ 1 a. lasptelioe. l.enckr m~y make or ca~~K to t?e m•rJe re3~nahle entriec u~x+n and in~peclianc ~f the PrapeRy. provided ~ ~hat l.ender shall give B~~rrawer no~ice pri~r ti? •rny .urh insperlio~ c~xcifying re•rsonabk cat~se therefor related to l.ender9 ~ intereil in 1hc Pmperty. ~ 9. Co~de~naatbu. The prc~ceedc o[ a~~• avrard i~r rlaim for e4amages, dired or c~~nttque~tial, in connectian witfi any ~ c~~demnatiao ar othcr luking of Ihc Propcrty, or p~rt I~ercaf. ~~r h~r a?nveyancc in licu of rnndemnaticx~, arc hercby assigned - antl shall be paid to l.ender. F ~ ln ~he event of a total tai;ing oi t1x: Pn.pcrty. Ihc pnkcrd< <hall i+c applied to the sums secured by ~hic Mortgaae. • wit Ihe errecs. if any, paid to Bor~~wver In the cve~t .~t a partial taking ~~f ~he Property, tmkcs Bormwtr and i.ender ~ c~~hcrwi~e agrer in wri~ing. Ihtn shall be a{~plird tc~ ~he ~um~ u-cnrcd M• Ihic Mnrtgage cuch proponion ot Ihe proceeds ? ~s is equal t~ Mat propn?tion w•hich ~hc am~•unt uf ~hc ~um~ kcured hy this Mortgage immediately prior to the date ot ` taking hcars 1a the fair market va1~ri of the Pru~xr~v immedia~ety pri~.r to thc Ja1e o( taking, wilh the balan~e of the procetds paid lo Bor~owcr. If the Proptrty ic ~bandoned by Borrowcr. or if. aflcr ni~ticc hy 1 cndcr t~ Aorr~~wer Ihat the condemnor oRets to makt an award or tietde a.laim for dama~~, R+~rn•wer fail. 1~~ re~~x~nd t~~ 1 ender within .l0 da~~s atter the date such nc~lice is mailed, i.enikr i~ authomed lo collrct and apph• thr pr~cedc. at I ender'~ option. either to rectoralion or rcpair ot the Propcrty or to thc wm~ sccurcJ b~• ~hi~ Murlgacc Unlc-c I.en~ler anJ Borrower Mhen~i~ agree in ~~riling. an}~ surh applica~ion ot prcxeedc to principal shall not eztend ir, ~+.~et{~cme the duc u~te i~f thc mamM~• inst:~llmrms referrcd ta in paragraphs I and 2 her~cof or change the amaunt of su:A installrrsentc. ' 10. Borrorrer Yot Rekased. Extcn~ion of thr timr fur pa~•ment or mi+dilica~ion of amortization of the sumc secured by this M~rtR.~rt gr~nt~d hy l.ender 1~, an~~ wcce~u~r in inte~~~t ~~f Borr~wer ~h~ll not o~+erate to rclease, in any manner. the liability of thr origina{ Borrowrr and B~~rrc.w•rr'~ surresaxc in interect. I.enJer ahall not he rcyuircd to commence prcx:eedings against ~uch succetu?r o~ refu.c a~ ~rtend t+me for payment or Mhetwise mcxlify amorlization of the sums cerurcYl b~~ thi~ Mortgage hy reason of am~ d~mand made h~ thr ~ricinal &irrowe~ ancl Rorrowers succesu~rc in interest. 11. FarDearw~ce by i.ender Not a Wai~~er. :tn~• f~~nc~aranre hy Lender in crercising any right or remedy hercimder, or ~ othervvice afiorded fiy app{icab{e law. ~fi:?1f n~t Fx a wai~er e•f or preclude the exercise of any such right or remedy. ° The procurement of insuranee or the payment o[ ta~~..~r ather lienc or charget by I.ender s~all nM he a waiver of l.en~ier's ~ ri~ht to accclcratc the maturiry ~~f thr indcMcdnr« .ccunJ hp thi~ Mortgagc. 3 12. Remed'~es Cumulsfi~e. All reme.liet pmcided in thic Alartgage are distinct and cumulative to •rnp i~~her right or ~ ~emeJ}• unde~ this Mostgage or aBordcd fiy {avr ~~r ryuity. anJ may he curci~ed concurrcntl}. independenNy or succecsively. ~ 13. Snccessors aad Assi~as Bound; Joinl a~ Se~eral I.iaM'lity; faptbas. The covenants and agrecment~ hertin F contained chall binJ, and the riRhts hereunder ~hall inure to. the rccpeetive succe~cors and acsignc of l.ender ~nd Borrower. subject to tfit pr~vicionc oi paragraph 17 hereof. Ali covenrnts and agreementc of Borrower shall be j~int and uveral. The captionc ;~ixi headings of the pasagraph~ rf thi~ Mortg•rge are f~~r ccmvenience only and an: not ti~ be uced to interprct or define the pravicions hereaf. 14. Ndiet. Except for any natice reyuired undrr applicahle law to be given in another manner. (a) any notice te &.r~ower provided ior in this Mortga¢e ~hal) be gi~'rn hy mailin~ auch notice by ccrtificd mail addressed to Barmwer at the Pruperty AJdretc at cuch iuher addre~~ a~ Bormaer niay det~gnate by nutice to {.ender as provided herein, anci = ' ft~) an~• notice to LenJer shall he given hy certifnd mail, re~urn receipt requested. tc. Lenckr ~ addrex~ stated herein or to - cuch other address as I.ender may decignate M~ notirr to Bor~~.wer as pm~•ideJ hercin. Any no~ice pmvided far in this j Mortgagc shal{ be dtemcd to havc bccn Rivcn 1o Nr?rmHer or I ender w•hen givcn in thc manner designated herein. i ~ 15. Unitorm Mort~aRe; Gavernin~ [a~+: Se~erabilitv. Thi~ form of mangage rnmhines unifosm covenant~ for national - ~ use and n~~n-uniform covenant~ v?•ith limited -~•ariations hc juricJiction t~ canstitirte a uniform security instrument rnvering ~ rcal pr.~perty. "R~is Mortgage shal! he gen•rrRCd hy thr I~w• c+f ~he jurixiiction in which ~he Praperty is located_ 1n the ~ event that any provision or ~{ause of fhi~ Morlgage ~~r the Nc+te confliclc with applirabk law. such conflict shall not affect ~ ~~thcr pmvitiiun+ i~f this Mortgage i~r thc N~tc which can t?~ gir•cn c([cct without thc rnnfticting pmw~ion. and to this I end the provitic?ns af Ihe Morlgagc and IFx V~Kc arc ~I«larcd t~ he ~everahlc. E 16. dorrower's Copy. Borrower shall be furniched a con(ormed rnpy or ~he Noee and of Ihic Mortgage at the time ~ ~+f eictiution ~r after recordation hereof. i 17. Transfer o/ tbe Properfy: Acwmption. If all ~~r an~~ Qrrt of thc Pmperty or an intcrect thcrei~ ic s~~ld or trancferred j by Borrowcr withcwt I.ender's prior writtcn c~~nscm. c~cluding lal the crealion of a licn or encumbrancc su~rdinate to ~ th~. Martgage. Ih1 the creation oi a purchasc money •erurity mterest for household appliancec. (c) a transter hy devise, ~ d~~urnt ~~r hv ~aration of law up~n thc Jca~h c.f ~ yo~nt ~cn~~t ~r 1.1? the grant of any {caschold interest of threc ycars or less ~ n.,; ; ontaini~g an option t~ purchase. I encier may, at I.ender c op~i~~, declare aU the sum~ secured by this Mo[tgage to be - ~ ~mmcJiatcly due and payable_ 1_ender shall havr wa~~~ed ~uch ~~ption to accelerate if. prior to the wle or transfer. I.enJer .~nd the perum to whom the Property i~ t~ t~e tol~ ~~r transterred reach agreement in writing that the credit of such person ~ sati~facton• to I_enJer and that the inte~r.t payablc c.n the tam~ tecured hy thic Mortigage sfiall Me at sucfi rate as i.ender f ~h.~N reyuest. If I.ender has waived the option t~ accelera~e pmvided in this paragraph 17. and if Borrower's successor in ~ nrcrest h~c e~ecuted a written assumption agrecment accepted in writing by LenJer. I.enJer chaD relea~e Borrower from all j ~'~ra~ions undtt lhis Mortgage and the Nota ~ ~ If Lender exercises wch optirn tc. accelerate. I.ende~ ~hall mail Borrower notice of acceleration in accordance wi~h ~ ~ra~raph 14 hereof. Such notiee shall proviJc a periiKl of ni~t Iess than 30 days trom the date the nolice ic mailed within r: Borri?aer may pay the tums dec:lared due. If Rnrrower (ailc ~o pay cuch sums prio~ to the e~piration ~.f ~uch period. ~ :_r may. withuut [urther nc~tticc or drmand ~?n f~c?rmwcr. involc any rcmedies pcrmiUCd hy paragraph 1R hereof. Non-UNiFOR~.t CovEN~rrTS. Borrower and 1_cnder (urther cov~nant and agree as follows: - ~g. ACCP~tfM10As Remedies. E:cept as provlded in panRraph 17 hereof. upoa dorrowers breac6 of auy co~esa~t or . a~reement ot B«ro.rcr i~ this Nc~t~a~,t. iac{adin~ ti~e corensnts to p*y Nheo dm asy stims secnted by thk MortRaRe, I.esder prior lo xcekrstb~ a~ll mail sotke to Eorrower as prorided is para~raph 14 6ereot specifrinR: t6e bttach: (2) tbe actiow required to cere sucb brcx4; (3) s date. aM iess Iban 30 dsys irom the dale the uotke fs ~sikd to Eorrower. by w6ic6 wch Ixcacl~ mwt be cored; aod (4) that failure to cure such breacA os or betore tbe dale speci6ed ~ tMt notict ma~ rarit in accckratloa of tre mms secved by t~ MortRa~e. ~ocecbsore bY judicial pmceedia~ ~d sale ot the Propcrty: 7be ~otice shall furffier ufora~ Eomower ot tbe ri~bt to rcimaate sfler sccekrstioa snd tbe ~YI lo asoert i~ t~e foricloare ~nucte~ , tbe no~e:i~tcset d a defadt or any olhet detea+e ot dorrower to sccelenMio~ awd toreclowre. If tbe breseb b not cw~ea o~ ' or betorc tbe d~e speci~ed io tbe eotice. I.ewde~ st i.es8e~s optbn a~ar dectane a1 d tae se~us secare~ by tlds Mortaa~e to be im~nedbtdy dae d prsbk wit6ont fwther demaad aad a~ay foe+eclo~e tbis Moctsa~e e'7' ~adkW Koee~. I~der ~ bc eatided to coBeet fs s~cb procesdfaL sll e:pes~a ot torec{osnre. toclodi~. bof ~ot liwiled t0. rsaw~abk attorset's tea, sod casb ot doe~oeolary erWeece, abNrscb ~d titk rcpoAs. 19. donawsrs RI~h1 to Rei~siaRe. Notwithstanding t~n~fer s acceferation of the sums sccured by thia Mortaage, Bortower shall have the right to have any prococdings hegun hy Lender to enfora this Mottgage dixontinued at any time . ~ ~ ~4 soCa~7 ~cE S~i~ --szr~.-~~~.,"`"" ~:-s~. ~ . _ ~Ra k ~s~~"'~~ ,