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Home My WebLink About0110 a~rteme~t or appliable 4~r. Borrower ahal! par thc aaauat o[ alt mottdage it~sunna precniums in the mannes provided under puaaraph t hereot. Any aawunu disbur~ed br Le~der purswnt to thi~ paragraph 7. ~vith interat thereon, shall becoax additiortal in~ debtcdnes oE Botm~ver secured by this Mortgaae. Unka Bo~m~ver a~d Ler~der agree to ocher term~ ot paya~e~t, wch amounts ~tull be papable upon notice (wm l.ender to Borrow~ requating paYment thereot, and ahall beu intae~t fro~n che dlate ot disbur~ement at the nte parabk Erozn tiane w tiaie on outscanding principal unda che Note ualest payment oE interat at wth rate ~rould be matrary to appliable la~r~ in ~rhich event such amou~ts shall beu intenu at the highat rat~ permiuible unda appliable la~v. Nothing aonuined in this paragraph 7 sfull require I.ender to incus anr acpen~e or cake any accioa hereunder. a. In~pation. Lender aa~ make or puse w be made reasonabk entria upon and in:pectioiu of the Propaqr. pro- vidcd that Lenda shall give Borw~ver notia prior to aay wch iaspecEion specif~ins reasonable nuse therefor related to I.euder's intcrat in tLe Propatr. . 9~ Condamnatio~. Tlu proceeds of a~y awud or t]iim Eor daiaaga. dirat or oonsequeatial. in conncction ~rith anr rnademnation or otha takins oE the Property~ or put thereof. or Eor mnveyanoe in lieu o[ ~oondetanation, ue hereby as- si~ned aad shall be paid to I.ender. I~ the event o[ a cotal taking of the Propeny, the proceeds shall be applied to che wms xcured by this Mongage. ~vith the eua~s, it any. paid w Borro~ver. In the event of a partial taking of the Propeny. unlas Borrower and Leader othenvise asrte in wtitiag. there ahaU be applied w the sums securcd b~ this Mongage wch proporcion o[ the praaeds as is equal to t6at pmportioa f?hidt the amount oE the sums secvrcd by this Mortgage immediately prior co the date of taking bean w the fais market vatue oE the Property imT~diatelr priot to the date of uting, rvith the balance oE the pro- ceed: paid w Bo~rer. If the Property is abindoned by Borro~rer. or u, after notice by Lender to Borm~ver that the oondemnor ofEen to make an a~rard er uttle a claim for damaga. Borrower fail~ to rapond to Lender ~rithin 30 days a[ter the date such notioe is anailed. Lender is authorizcd eo oollect and apply the ~mcetds. at I.ender's opcion. eithrr w ratoration or repair oE the Properq or to the a~ ~ecured br tL~ Mortgaga . Unlae Lender and Borrower other~vise agree in ariting. an~r auch appUntion oE praceds to principal shall not extend or postpone the dne date oE t6e monthly installanena refeaed to in paragraphs 1 and .Y hereof or change che amount of wch instaWnenb. ~ 10. E+ocrawet Na Reka~cd. Extension of the cime tor paymenc or modifiation oE amorciution of tht sums secured , b~ this Mortgage gnnted by_ Leader to anY woastor in iataat of Borroaet shall not opente to release, in anp ma~ner. _ the liability oE the original Borro~rtr and Borrrnver's saooeuors in intereu. Lender shall not be reqaired to commeiwe ' proceedings against such wawor or refuse co_eutend time for paymenc or otherwise modify amortineion oE the su~ se- cvred br thu Mongage b~ reason of anp demand made bp the OrIg1Il~ BOTi~OMlf 1IIa BOTI'OWtf~i SIiCCtS~0i1 IIl IDtlIlf~ 11. Foc~avanoe b~i Lender Not a Wai.er. Anr torbearance.br Lender in acercising any right or remedp hereunder. or otha~vise afEordcd by appUcable la~r. shall not be a waiver of or predude the exercise of any such righe or xmedy. The procurrmene oE insurance or the payment o[ taxa or other liens or ct~arges by Lender shall noc be a aaiver oE Lendds right to accelerate t6t matwity oE the indebtednt~ secvred by this Mortgage. 1& Ranedia (~mulati~a AQ remedia pmvided in this Mortgage ue distinct and cumulacive to my other right or remedp nnder t6is Mortgage or afforded by hw or equity. and mar be aercised wncurrentlr. ~~a~~~a~~ar or ~~~ir. 13. Sucasors and Aati~nt Dound: Joint and Se~etal I.i~b~it~r. Captioaa The ouvenants and agrttments hatia contained aha11 bind, and the right~ hereunder st~all inurt w. the tespeaive sucasson and assigns oE I.ender and Borro~rer. subject to the pmvisioas oE paragraph 17 hereof. All ooveoants and agreements of Borrower shall be joinc and KveraL The - npeiom and headings oE che puagraplu of this Mortgage are~ tor convenience on17 and are noc co be used to interpret or : define the provisions hereof. - 14. Notioe. Faccept for wy notioe required under appliable la~v to be given in anothei manner. (a) any notia w BorroMrer pmvidtd tor in this Mongage shaU be given by mziling suc6 notice by certi[ied mail addnssed to Botrrnra at the Property Addras or at such otha addnss u Botrower may daignate by notia to Lender u provided herein. and (b) aay notice to Lender shall be given by. cereified mail. return receipt requeued, to Lendec's addresa seaced herein or to such • othet address u Lender mar daigaate by notice to $ormwa a~s provided haria Any notice pmvided for .n this Mortgage shall be deemed to have been given to Borrorrer or Lender when given in the manner designated haein. ; 15. Uniform Morc~ge; Co+aniug La~r; Se~aab~iq. 'I'his form of mortgage aombincs uniEorm covenmu foi na- f tional use and noo-uniform aovenanu ~rith limited variations by jurisdittion co oonstitute a uniEorm security inurument ~ oovering real pmperty. This Mortgage shall be governed br the h~r of the jurisdiction in which the Propaty ia located. In the event that an~ provision or clause o[ this Mortgage or the Note oonElicts wid~ applicable law. such oonElia shaU aot affect other provisions oE this Mongage or the Note which can be giv~n ef[ect ~rithout the conflicting provision, and to this ead the provisioru oi the Mortgage and the Noce are declared co be sevenbk. 16. Bormw~er's Cop~. Borrower shall be furnishod a conEormtd oopy of the Note and of this Morcgage at the time of execvtion or after reoordation 6eteof. 17. TramEer oE tLe Yropertp; Aa~mpcion. If all or any.part of the Property or an interest therein is sold or trans Eerred by Borroxet rrithout Lenda's prior ~rritten oonsent, dccluding (a) the aeation of a lien or encumbnnce wbordinau to this Mortgage. (b) the cration of a purchase inonep sewrity interat for household applianas. (c) a tnnsfer b~ devise. dacent or by operation of la~r upon the death ot a joint tenant or (d) the grant of any leasehold interest of thra ~rats or ku not oontaining an option to purchase. Lender may, at Lender's option, declue aU the sums secvred by this Morcgage to ' be immediatdy due and payable. Lender shall have wnived anch option to acoelerace if, prior to the sale or tnnskr. Lenda and the person w ~rhom the Properq is w 6e sold or transferred read~ agreement in writing that the credit of wch pttson is satisfactorp to Lender and that the intetat payable on t6e sums sccured b~ this Mortgage shall be at wch nte as Lender shall tequest. If Lendtr has ~raived the option to aaderate provided in this puagraph 17, and if Botro~?tt's suocessor ia inurest has acecuted a~vritten auumption agretment acapted in rvriting by Lender, Lender shall release Borro~rer from all obligitions. under thi: Mortgage and the Note. If Leader aercisa wch option to aaelente. Lenda ~hall mail Borro~rcr notiae of aaekration in acoordanoe wich paragraph 14 hereof. Snch nocioe shall provide a period of not laa ehan 30 da~a from che date the racice is mailed ~?ithin which Borm~.a mar pay the auma declared due. IE BormMrer fails to pay auc6 sums prior w the espiration of suc6 period, I.ender may. ~rithout fusthu notioe or demand on Bomower, invoke anr remedia permicted b~r paragraph 18 henof. Nox-Uxffou[ Covtru~ris. Borm~rer and Lender funher covenant and agree as tollo~n: ls. Aooeleration; Remediea E:aept s prorid~d in paragragh 17 ba~eoE. npoa Boa~o~v~ei's breach oE a~ oo~eaaat or a~reement of Borrnwer in this Mactg~e. inclnding tLe ao+enanu w pa~ ~rhea due an~ sums recured b~ ~w Moctgage. - I.eader prior w aoodetation ~hail mail notiae w Borran?er as prorided in puasraph 14 hereoE spedt7jnSo (1) the heacb: the action reqnirod w cure w~h b~'acb: (3) a date, not ~ew than 30 da~s fmm tLe dace the notioe L mailcd w Borro~?er, b~ wrhi~ w~cL b~a~h mo~t be cared: and (4) that faitore w cure md~ b~+each on or before the date ~'xd in tLe notioe ma~ ranlt in aooeleration of a~e .um..ea~rcd b~ th~ Mo~tgaae, furecloanti M N~ Prooeedin~ aaa .ale of tbe Properry. ?be notioe ihall furtLer inform Borrowet oE the ri~t w rein~te atter aooderation and the riaLt to asat in the torecba~re p~ooeedios tLe non~acittenee oE a ddault oc a~r ot6er ~ of Borro+?er to aoceferation and Eorecio~uzr. If the breach i~ not aued on or befort the date ~peciEkd in the notioe. I.ende: at I.eadar's option ma~ dtdane all oE tbe wms ~eaired by thi~ l[ortaaae w be immediately dtu and payabk rrithoat fnrt~ demand and ma~ foroclwe thi~ M°rtgag~e M~udiaai Pr°°eed' I.eadet ahall be tntitled to oollect in wu6 prooerdin~ all ~pea~es of forede~urt. inctudins, bnt not limited w. rea~osM _ able accaaeYa fea, and ww of docvmentar~ e~idenoe, s~bWracu and dtle npoct~. ~ ~274 ~ 109