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Home My WebLink About0800 I.cmier's wrilten agreemen~ a~ applicabk law. Horrowe~ shall pay thc amaunt of all mortgage insurance ptemiunu in the manner p~avideJ under parag~aph 2 heroof. Any amaunts dishursed by l.endc~ punua~t Mis pa~~graph 7, with intercst thercon, xhal) become additional inJeb~ccincsx uf &~rrowcr securrd by ~hic Mar~gagc. Unlecs Born?wcr a~d 1 enJer agn.~c to othcr tertns of payment, auch amounts shall he payaMc u~n n~~~ice f~~~m.l.rndcr ~o E3o~ruwr~ rcyuesting p•rymcnt lher~.~~L and chall hear interest from the date of dicbursement at the ratc payahlc fmm time to timc an outslandinR principa) unde~ the Note uoless p~yme~t of interest at such rate wauld he contrary to applicablc law, in which eve~t such amounls shall hea~ interest at tF?e highest rate pcrtnissibk under applicabk law. Nothing containai in this paragraph 7 shall rcquirc I.endc~ to incur a~y expe~se or take any action hercunder. a. Inspecfioa. I.ender may make or cauu: to hc made rca~nahle cntric~ u~xin and in~pcclionc of the Property, provided that i_ender shall give Borrawer nntice prior to any such ins~xxtion tipecifying rrasonabk cause therefar related to I_ender's intercct in the Propcrty. ~ ' • 9. Coademaatbn. ~ ~~~x~d~ ~r ;~ny ~N~ard or claim for damagec, Jircet ar concequential, in connectian with any co~demnation or dher taking of the Properiy, c~r part ~here<~f, ~~r for c~~nveyance in lieu of condemnation, arc hercby assigned anJ shall l+e paid to I.ender. In ~he event af a to~al taking of the Pro~xr~y, the prcx~~Ja chatl he applied to ~he sums securcd by this Ma~tga~e. with the eticess, if any, paid to Bormwer. ln Ihe even~ i~f a partial takinR ot the Property, unlczs Bormwer and I.ender otherwi~r agree in writinR, therc shall he applied ta ~he +umc .ecurcd hy thic Mortgage cuch proportion of the proceeds , as is equal to that pro~riion which the amount ot thc sum~ ucurcd hy Ihi+ Mortgage immediately prior to the date of taking bears ta the fair market valuc of 1he Pmpcr~>• immcdiately prior to the Jate of Iaking, wilh the balance of the procoeds . paid ta Borrower. If ihe Proper?y is abandonecl by Borrower, ar if. :~fler notice hy l.ender to Borrower Ihat the condemnor oBers to makt ~ an award or setNe a claim for damages, Borrower faib ~a r~-~pc~nd t~~ I ender within 30 days after the date such notice is mailed, I.ender is authorized to collect and apply ~he procecd~, at l.ender t oplion. either to restoration or repair of the Propcrty o~ Io the sums sccurcci by this Mortgagc. • Unlesc I_ender aod Borrawe~ othenvi~: agree in Hritinc. an}• surh appliration ~f prcxceds to principal shall not extend or postpone the due Jate of .the momhl~• installmcnts refcrrcd to in parag~aphe I and 2 hereof or change the amoimt of ~ such installmenis. 10. BoROwtr Not Rekased. Extcnsion of Ihc ~timc far paymcot or modification of amortization of the sums secured by this Mortgage granted by Le~der to am• awcccu~r in intercal ~~f f3~rrow•cr shal) nol operate to rclease, in any manner, the liability of the oriqinal Borrower and &~rrower'~ siw:cect~~~c in interest. Lender shall not he reqoired to commence proceedings against such succecsor or refuse to ertenJ time for payment or Mherwise mc~dify amortization of the sums secured by this Mortgage hy reasc~n of any demand madr b~• the orieinal Rorrower and Rorrower s succetce~rs in interest. 11. Forbearance by I.ender Not a Wai~•er. Am• fc.rhearancr hy l.cnder in erercisinR any right or remedy hereunder, or otherwise afforded hy applicaMe law, ehall not he a waiver o( .~r preclude the cxercise of any such right or remedy. 'Thc procurement of insurance or the payment of taxe~ c~r other liens ar chargec by l.ender chall not he a waiver of l.ender s right ~a acceleratc Ihe maturity of thc indehtcdnccc .crunYl hy thic Mortgage. 12. Rew~edies Cnmulatire. All remedies pmvided in thi~ Mortgage arc dictinct and cumulative to any other right or remedy under this Mortgage or atTordeJ hy law ~~r eyuity, and ma~• be ererciced rnncurrentl}. independently or successively. 13. Snccessors and AssiRns Bound; Joint and Se~eral 13ab~'lify; Csptions. The covenants and agrcements herein containeJ shall bind, and the rights hercunder sh•rll inure to, the respective succecu~r~ anJ acsigns of l.ender and Borrower, subject to Ihe provisions of paragraph 17 hcreof. All cmenams and agreements of Borrower shall he joint and several. i-ie captions ancl heading~ of the paragraphs of Ihis Mortgagc are for rnnvcnicncc only and are not to bc used to interpret or define the provisions hercof. 14. No'tice. Except for any no~ice rcquired under applicable law to be given in another manner, (a) any notice to Borrower providcd for in Ihis Morlgage shal) tx; givcn hv mailinK wch notice by rcrtified mai) addresKd to Borrower at the Property Address or at such olher addrest as B~~rmwer ma~~ de~ignatc by noticr to Lender as pmvided herein, and (b) any notice to Lender shall he given by cerlifxJ mail, retum receipt requested_ to I.ender ~ addrets slated herein or to such other address as Ixoder may designate by noticr ti? Bormwer as provided herein_ Any notice prmidecl for in this Morigage shall he decmed to havc bcen given to Born~wcr or I.endcr when givcn in thc manner designated herein. 15. Unitorm Morf~~r. Coverni~ Iaw; Severabilifv. This form of mortgage combines uniform covenants for national use and non-uniform covenantc with limited variations hy juriuliction to constitute a unitorm security instn~ment rnvering real property. This Mortgage shall be governed h~~ the law of the juriuliction in which the Property ic located. In the ' event that any provision or clause of this Mortgage ~.r the I~i~te conflirt~ with applirable law. such conflict shall not affed • j other pmvisions of this Mortgage or the Note which can lx: given eQect without the conflicti~g provision, and to this ! end the pmvisions of the Mortgage and the Note arc dcclarcd to he SeveraMe. 16. Eorrower's Copy. Borrower chall be furni~hed conformed copr of the Note •rnd of this Mortgage at the time t ot execution or after recordalion hereof. ~ 17. Trausfer of t6e Propertv: Ascumplion. If all or an~• part of thc Pmpcrty or an intercst thcrein is sold ar transferred by Borrower without I.ender s prior wriuen consent. excluding lal the creation of a lien or encumbrance suhordinate to this Mortgage. (b) the creation of a purchace mone~• security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death ~.f a joint tcnam or (d1 the grant of any Icaschold interest of thrce years or lecs not containing an option to purchase, l.ender may, at I.ender'~ oplion, declare all the sums secured hy this Mortgage to be ~ immediately due and payable. 1_ender shall have waived ~uch option t~? accelerate if, prior to the caie or transfer. I.ender ~ and the person to whom the Property i~ to be sold or transferrcd reach agreement in writing that the credit of such person ~c satisfactory to I.enJer and that the inlerest payable on the sumc secured by thic Mortgage shall be at such rate as Ixnder shall request. If Lender has waived the option IO 3rr~l~r:.~g rf~v"sdn! ~n this paragraph 17, and if Borrower's successor in interest ha~ executed a written assumption agreement accepted in writing by I.enJer, I_ender shall release Borrower from all ~,bligations under this Mortgage and the Note_ ~ (f [_ender exercises such option to accelerate. Lender .hall mail Borrower notice of acceleration in accordanee with ~ aragraph 14 hereof_ Such notice chall pmvide a pericxl of not Iess than 30 dayc from the date the notice is mailed within ~ hich Borrower may pay the sums declared due_ If Borrower fails to pay such sums prior to the eapiration of such period. I.~nJer may, without further notice or demand on 13c.rrower. ~nvo{~e any~ remedies permitted by paragraph 18 hereof. ~ NoN-UNiFOSM CovEtv~rrrs. Borrower and l.cnder further covenant and agree as follows: ~ 18. Accelentioo; Remedies. Except ii6 pmvided ia ParaRnph 17 hereof. upon Bormwer's breac6 of any co~eaaat or ' aRreemcnt of Borrower In t6ts Mat~aRe, indedin~ t6e covensnts to psy when doe any soms sec~red by thLs Mort6a~e, i.eeder ; prior to accderatbe sbali maN aotke to Borrower aS provided ie para~rsph 14 bereof specif}~: (1) the bresch; (2) tbe actb¦ ~ required to c~re secb brsc6; (3) a dde, not less t6aa 30 days from t6e d~e tbe notice is msikd to Eorrower~ by wl~ich socb ~ breac6 mo:R be eered; aod (4) tl~at failure to cure sucb breach on or before tbe date speci6ed b the sotke may t~adf ie ~ xcderstio~ ot tre s~ms secored by t6is Mort~s6e, forecbsure by jadicial proceedln~ aad sale of t6e Property. 'Itie ndke ; shall fort6er.i~form Eorrower of tbe ri~6t to rcinstate after accekratioa and t6e ~61 to ~ert ie t6e foreclowre procee~ ~ tbe noa-e:istenee of a defadt or asy otber defense of Borrovrer to sccekrstioe snd forecloenro. if the bresc6 is sot c~red oa ~ or 6dore tbe dah specl6ed io tl~e sotice. Lender a1 Lender's option may dechre aq of tbe wms secored by tris Mort~a`e to be ~ i~nmedistdy d~e aod payabk witboot fartber de~ad and may forecbse this Mo~e bp jndkiaa proeeedi~. Leader sbaU ~ be eoWled to eol{ect i~ wcr pnuetediu~ aB e:penses of fortclosorr. inclodio=, b~t aot ~sited to, reaioo~ble attorse~'s tees, a~d co~ts of doeomeetary e~ideece, a6stracls aod title reports. 19. Dornuwer's Rktit to ReL~tate. Notwiths~anding Lender s acceleration of the sums secured by this Mortgage, Borrower shall have the rig6t to have any procoedings begun by l~nder to enforce this Mortgage discontinucd at any time go~ z~1 P~E soo ~ ~ ~ . _ _ , - #