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Home My WebLink About0242 , .-'-r - - , ' ' t~~ - ~r f ~ . i Lender's written a~roement or applicabb law. Borrower shall pay the smoupt of all mott~age insuranco premiunu ia the ~ maaner provided under puagraph 2 bereof. ; Any amounq disbur:ed by i.endar pursuant to thu para~nph 7. with interest thereon. shall become additional ~ i~debtedness of Borrowef secured by this Mortgage. Uoless Borrower and Lender agra to other tenaa of paymeat, soch amounts shall be payabk upon notice from I.ende~ to Somower roquesting payment thereof. and shall bear interest fwm the ~ date o[ dhbursement at the nte payabk from ttme to time on ountandh~ principal under the Note u~less payarent ot ~ ~ Intercst at such n?te woald be contrary to applicabk law, in which event such amounts shall bear interest at the hia~est nte penniss~'bk under applicabk law. Nothing contai~ed in this paragraph 7 sh~ll require Lender to incur aay expease or tske any action hereunder. . a. 1~pecHo~. Le~der may make or cause to be made rcasa~able entries upon and inspations of the Property. provided that Le~der shall give Bomower naice prior to any such inspoction specifying reasonabk cause thercfor related to Lender's interest in the Pmperty. 9. Cu~de~atbu. The proceeds of aoy award or claim for damages, direct or consequential, in connectioo with any condemnstion or other taking of the Property. or part thereof. or for c.onveysnce in lieu of condemnation. are hereby assigned . and shall 6e paid to I.e~der. - ~ In the event of a tMal taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage, with the exoe~. if any. paid to Borrower. In the event of a partial takirtg of the Property. unkss Bomower and I.ender 4 othe~wise sgroe io writing, there shall be applied to the sums sxured by this Mortgage such proportion of the proae~ 1 aa is equal to that proportion which the amount of the sums sccurcd by this Morigage immediatety prior to the date of taking b~ars to the tair muket value of the Property immediatety prior to the date of taking, with the balance of the proceods paid to Borwwer. ~ If ~he Propnrty is abandoned by Borrower. or if, after notice by Lende~ to Borrower that the condemnor offers to make ~ ar. awa~tt orsettk a etaim for damages, Bomower fails to respoqd t0'~:erldc~ i~?ithin 30 days afte~ the date such notice is ; meiled, Lender is authorined to oollect and apply the proaeds; a~ I.ender's option. either to restvntion or repair of the ~ Propcrty or to the sums secured by tha Mortgage. , - . ~ Unless Ler~der a~d Borrower othenvise agroe in wri'ting, aoy suC1~ ippGc~tir~,pf proceeds to principal shall not extend or postpone the due date of the monthly installmrnts referrcd to in paragraphs 1 and 2 hereof or change the amount of ~ such instaltments. - lA. Bormwer Not Reka~ed. Extension oE the time for vayma~t or modi6cation of amort'raation of the sums secured by this Mo~tgage graMed by Lender to any successor in interest of Hprrawer shall not operate to reiease. in any manner. - the liability of the original Borrower and Borrower s succason .in intereat. t.ender shall not be ra~uircd to commence proceedings against such succasor or refuse to eutend time for payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower and Bormwer's successors in ~nterest. 11. Fo~earaace b9 I.ea@er NM a R?aher. Any forbearaace by Lender in exercising any right or remedy hereunder, or othe~wise atiorded by applicabk law. shatl not be a waiver _of or preclude the exercise of any such right or remedy. Tt~ pra~curemsnt of insurance or the payment of taxes or other liens or charges by I.ender shall not be a waiver of Lender's _ right to accekrate the nuturity of the indebtedness secuoed hy this Mortgage. . ~ ]2. Remedks Ctimalafha All nmedies provided in this Mortgage are distinct and cumulative to any other right or remedy under this Mortgage or affo~ded by law or equiry, and may be exercised concurrentiy. independently or successivdy. 13. S~cca~so~s md A~ Sonna; Jdat aad Sererd i.iabi~; Csptions. Tfie . oovenaab ar~d agreements he~in contained shall bind. and the-iiRhts fiereunder shall inure to, the respective succeswrs and assigns of Lender and Borrower. subject to tlx pmvisions of paragraph 17 hercof. All covenants and agreements of Bqrrower shall be loint and several_ The captiona and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to interpret or define the pmvisio~u hereof. 14. Notice. Except for any notice roquired under app~icable law to be given in another manner, (a) any notice to Borrower provided for io this Mortgage shall be given by mailiRg soch notice by certitied ma?1 addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to i.ender as providcd herein, and (b) any noticx to Lender aha11 be given by certified mail. retum rooeipt requestod. to I.e~der's address stated herein or to , such other addras as Lender may designate by notice to Bo~rower as provided herein. Aoy notke provided for in this Mortgage shall be deemed to have bcen given to Borrower or Lender when given in the manner designatcd herein. 1S. U~orm Mort~e; Go~ernia~ Iaw; Se~erab~t~. This form of mortgage combines uniform oovenants for national ! use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform sxurity instrument covering I rcal property. 'i?~is Mortgage shall be governed by the law of the jurisdiction ie which the Property is located. In the f event that any provision or clause of this Mortgage or the Note conflicts with applicabk law, such conflict shall not affoct ; E other provisions of this Mortgage or the Note which can be given effect without tfie conflicting provision. and to this ~ end the provisio~a of the Mortgage and the Note are declared to be severabk. t 16. domuwrr's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time r of exerution or after recordation hereof. ~ 17. 7~SSEer of t~e Prope~ty; Assnm~tioe. If all or any part of the Property or an interest thercin is sold or transfened by Borrower without L.ender's prior written consent. excluding (al the creation of a lien or eocumbrar:ce aubordinate to this Mortgage. (b) the crcation of a purchase money security intereat for household applianoes. (c) a transfer by devne, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interat of thrce years or less not containing an option to purchase, Lender may. at Ler~er's u~iioa. ~tclart a1! the s~mss axus~ by t~s Mort~e to be _ immediately due and payabk. Lender shall have waivod such option to accelerate if, prior to the sale or tranafer. Lender and the person to whom the Property a to be sold or tr+naferrod reach agroement in writina that the credit of such persa~ is satisfactory to Lender and ths~t ti~ ~nterest payabk on the sums sccurod by this Mortgage shall be at :uch nte as I.ender sha11 rcquat. Tf i.eader bas waived tbe option to acoekrate provided in this paragraph 17, and if Bormwer's successor in interat 6as executed a writtea aisumption agr~eement acapted in writing by i.ender, Lender shall nkase Borrower from all obligations under this Mortgage and the Note. ~ If Leockr exerciaes such option to a~xekrate, Lender shall mail Borrower notice of accekration in aceordanct with puagraph 14 hereof. Such notiue shall provide a period of not less than 30 days from the date the notice is mailod within which Borrower may pay the suma declared due. If Borrower fails to pay such sums grior to the expiration of such period, Lcnder may, without further notice or demand on -Borrower, invoke any remedies permitted by paragraph 18 hercof. ~ Nori-Urrt~~[ Coy~r~rrrs. Bom~wer s~d i.ender further wvenant and agrce as folbws: 18. Acceluatloo; Ae~ia. Bsce~t as ~roviied ~ p~ratra~b 17 Mereof. ~lo~ Donowea's 6~eaeL of ~ co~ewt or a~a~ ot ion+uwer i~ ftiis Mo~a~e. ~d~dLL ttie co•e~ts fo pr wMe~ dre aq aws ~ bp tY~ Mo~e, I.eaaer ~ ~rbe to scedeeatio~ ~ mii ~olite io ~ore+ower as pro~fied h puapspi 141~reot a~edtyi~s (1) tl~e bRacL: tie aelio~ ~ n~6~ei b a~e wei 6nsc~3 (3~ s d~q oet las t6a~ 3~ ~s fe~om tl~e iate t~e ~otke i~ ~!o Do~rswer, 69 wMieti nei brescr ~rt 6e c~re~ a~i trat tail~re to core ~ bre~cM o~ or 6etors tLe aate speel6ei i~ tbe eotke ray ra~lt i~ sccdaatlo. ot t~e so.s.ec.re~ y tY. Morl~s~e. torcdoaat h l~ic+al ~roce~ a.a ate ot t~e Pro~eit~. 'ne .otioe sbaY tertrer iatonr'otrowa ot tre rt~t to tdrt~e athr accek~atioo awi t6e ~Yt lo aMe~t ~ 1l~e torecianre reooeeit~ t4 oo~e~te~ee ot s ida~lt er a~~ at~e~ ieEe~e of Eon+ower N secderatio~ swa Eorselowra if trt ~eaci i~ ~ot a~rea o~ orbdae tre dMe s}ecliei i~ tf~e ~ofiee, Lesier at I.eMie~'s optio~ wq d~cWe aa ot d~e w~ ~ec~nd by tLb Mart~~e tu be 6e e~tl~ei to coileet ~ proacdi~ ai e~a ot tor~lowre, ~~t ~ot ~ rwo~bie attorssys fie~, aea eorb of ~oc~ e~We~ce, a6rhacb a~i HUe ~+epo~l~. . 19. ~+owe~s RI~M to Re~hta Notwithttandina Lender's accekration of. the sLms secured by this Mortasge, Borrower shall have tl~e riabt to have any procoediags begun by Lender to enforce this Mortgage discontinued st any time 600K PA+CE