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Home My WebLink About0111 ; . . , ' • , • t Leode~'s w~tteo sg~+eement or applicabk law. Borrowe~ sl,dl Fsy ~he ~rnourn of all rno~a~ iasurance promium~ ia ehe s man~e~ providcd u~de~ parsanph 2 hercof. i Any amounts disbur:ed by l.esde~ p~nuant to this parag~aph 7. with intercst thereon. shall become additional ~ iodebtedness af Be+:rowe~ secured by this Mongagc. Unless Bonovrer and Lendc~ agree to othe~ ternu of payment; such ~ amcxmts shall be payable upon notice from I.endc~ to Be~rrower requesting paymcnt thercof, ied shail bea~ interest from ihe . date of disbursement at the rate pa~abk from time to time on outstanding principal unde~ ~he Nae ueless paymenc of intercst at suc~ rate would be cuntrary ta applicsble law, in which event such amounts shall bear interat at the higl~est rate ~ pe~m~ss~l~k unde~ applicabk Ir~w. Nothing contained in this parag~aph ~ shall requirc I.ende~ to incur any expettse or t~~~. ~ any action Fxrewrd~~. S. i~spectioR. Lender may make or cause to be made rcasoo~ble entries upon and inspections of the Property. pro~idtd that Lender shall give T3orrawer notice prior to an} si~ch inspection specifying reasonabk rause therefor related to Lende~'s intuest in Ihe Propeny. 9. Co~demaatbe. The prc?ceeds of any avvard or claim for damaga, direc~ or co~sequeotial. in connection with any 3 condemnation o~ other takinR of the Propeny, or pan thereof, ar for conveyance i~ lieu ~f candemnation. are hercby assigned ~ anJ shall be paid to I.endtr. . ' Tn the event of a total taking oi the Proptrty, thc procecds shall be applied to the sums secured by this Mo~tgage. ~ with tfie etcess, if any, paid to Borrower. In tlse event of a partial taking of the P~oprrty, unless Bornower and i.ender { o~herwise agree in writing, therc shall be applied to the cums secured by ihis Mortgage such pmpwtiort of the proceeds ! as is eyual to that proportion which ~he amount ot the sums secured by this Mo~tga~te immediately prior to the date of taking hears to the fair market value of the Property immediatety prior to the date of takiug, with the bafance of the procoeds ;~~id to Borrower. ~ If the Property is at?andoned by Borrower, or iE. after nMice by Le~der to t3ormwer that the condemnor ofien to make ~ an award o~ settle a claim for damages. Bonowe~ fails to respond to !_ender wilhin 30 days after the date such notice is maikd. Len~tr is authoriud to collect and apply the pr~ceeds, at I.ender's option, tither to restontio~ or repair of the Prope~ty or to the sums sccurcd by this Monitage. • UnleSs !_ender a~d Borrower othervvise agree in N•ritine, any such application of prc~ceeds to principal shall not exteod € ar poslp~ne !he due dalt of the mo!~thly installments referrcd to in paragraphs 1 and 2 he~+eof or change the amount of ~ such instalfinertts. ~ 10. BoR~rre~ Not Relasc~. Extensian of the time for payment or modification of amortiution of the sums secured , by this Mortgage granted by Ceader to zny successor in intercst of Borrowe~ shall not operate to rckase, i~ any m~nner. ! !he liability of the original Borrowe~ and Borrower s successorc in interest. I.ender shall not be requircd to commenoe ~ pioceedings against such successor or refuse to extenJ time for payment or othervvise modify amortiution of the sums : secured by this Mortgage by rcason of any demand made by the original Borrower and Barrower's wccessors in interest. ~ 11. Forhtaraace by i.eader Not a Wsirer. Any fort+e:trancY by i.ender en exercising any right or rcmedy hereunder, or ~ otherwise aRorded by applicable law. shall not be a waive~ of or preclude the exercise of arey such right or remedy. The procurenxnt of insurance or the payment of taxes or other liens or charges by I.ender shall reot be a waiver of I.enders right to accelerate the maturiry of the indtbtedness cecured hy thic Mortgage. ~ . l2. Remedies Cam~latt~e. All remedies pro~ided in this Mortgage are distinct and cumulative to any other right or ; remedy under this Mortgage or affordcd hy law or ecuity, and may be exercised concurrently, independently or successively. 13. Successors and Assi~as Doaad: Joiat and Sere~ i.iab'Nry; Csptions. The covenants and agreements hercin contained shall bind, and.tlie rights hereunder si~ail inure to, the respective wccessors and assigns of Lender and Botmwer, subiect to the provisions of paragraph 17 i~ereof_ All covenants aud agreements of Borrower,shall be joint and several. ~ The captioru and hesdings of the paragraphs of this Mortgage are for convenience only and are not to be used to ~ interpret or define the proviciu~ hercaf. . - ~ id. Notice. Ezcept for any notice required under applicable law to be given in another manner, (a) any notice to ~ ' Bonower provided for in this Mongage shall be given hy mailing such notitc by certified mail addressed to Borrower at the Property Addrcss or at such dher address as Bormwer may designate by no~ice .to t.ender as providod herein, and . ~ ~ (b) any notice to Lender shall be given by certified mail, return receipt requested. to i_enders address stated hercin or to ~ ~uch other address as Lender may designate by notice ro BorrowYr u provided hercin. Any notice provided for in this ~ _ Mortgage shall be deemed to have been given to Borrower or Lender when given in the manne~ designated herein. ~ lS. Uniform Mo~t~s~e: Gorerni~ Lax: Sererabilit}. This torm of mortgage cambina uniform covenants for nation~l us~ and ncn?-uniform covenants with IimiteJ variations by jurisdiction to constitate a uniform socurity instrument covering = I real property. This Mortgage shall be goveroed hy the law of the jurisdiction in which tt~e Property is located. In the ~ ! event that any provision or clausC of this Morigage or the Note cor.flicts witF~ applicable law, such conflict shall not affect ~ ~ other provisions of this Mortgage or tl~e Note which can be given eBect without the conflicting provision, and to this = end the provisiuns of the Mortgage and the NMe are Jeclared to 1x severable. k 16. Bonower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time ~ ~ of execution or after recordation hereof. ~ - ~ l7. Trsnsfer of tbe Prnperty; Assumption. If all or any part of the Property or an interest thercin is sold or transferred ~ by Borrower without I.ender s prior written consent. exctuding (a) the creation of a lien or encumbnnce subordinate to ~ this Mortgage. iht creation of a purchase money security interest for household appliances. (c) a transfer by devise. ; descent or by operation of laN upon the death of a joint tenant or (d) the grant of any leaxhold interat of three yean or las Y not con:ainirsg an option to purchase, Lender may, at Lender'c option, declarc all the sums securcd by this Mortgage to be = immediately due and payable. I_ender shall have waived such option ta accelerate if, prior to the sale or transfer. Lender ; and the person to wham the Froperty is ~o be sold or transferred reach a~teement in writing that the crcdit of such person ' is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rsi* u Lender ~ shall rcquest. if Lender has waived the option to accelerate provided in this paragraph 17, and it Borrower s snce~ssor in : interat ha~s exa:uted a written assumption agreement accepted in writ~~g by Lender. Lender sfiall rckase Borrower from all obligations under this Mortgage and the Note. If L•ender exercixs such option to accelerate, Lender chall mail Bnrrower notice of accekratim in accordance with ~ paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailod within which Borrower may pay the wms doclared due. If Borower fails to pay such u~ms prior to the expiration of soch period. ; Lender may, without further notice or demand on liorrower. invoke any remed~e.s pe~~~.itted by paragraph 1S hercof. Nox-UrttFae~t CovetvaNTS_ Borrowe~ and Lender further covenaet and agrce u fdlaws: ~ 18. Aecderstioa; RewKdies. Facept as Fro~ided io paragrapr 17 bereof, ~ow Horrawe~'s 6resc~ of any ~o~e~aet or ~ a6reeme~t of Borrower i~ t~k Mort~e. iecl~wa i6e coveosWls to p~y w~e~ dre aoy soais sec~~ 6~ trk Morl~s`e, I.eaier ~ prbr to scceleratbn sbaN ~il sotke to Borruwer as prorlded iu p~ra`raph 14 f~ereof specif~q~ [1) tLe b~eacr; (2) tbe sctbs ~ required to crrs srcl~ bresc6;.(3) a dah. aot less tbaa 30 days irnm d~e date tLe ootice k~aBei to EQrrower, ly' wWc~ s~ei = breacb adst be c~rcd: a~d (4) tbat faibre ~o core sac6 bresr4 0~ or retore tre date ~d i~ Uie ~otice wq ra~lt i ; accderstio~ ot tbe sass secrred b~ W~S Mort~e. foreclosere by jrdkid ~rne~d~ ~nd sale of tie T~o~crtf. 'Itie woHcs ~ s6a~ fort6cr ieform ~orrower of ti~e ri~M to rei~ste after accelerstio~ asa t4e riEW b awe~t i~ ttie fvr~clow~e Nsc~eii~ ~ tre ~os-a~isteuce of s defaak or a~y ot4er defense of Sorrower to acceleratio~ ~d foreeloaue. K tie b~escl is ~ot caee~ os 3 or before tre d~e speciied ia tre rotice. i.twder N i.e~der's optbe sar iechre ad of tMe s~~s tenre/ b~ tris Mo~e to tie ~ imoediatdy doe a~d pya6k ~?itro~t f~rtlier de~aod ssa esy foreclae tik Mort~e by }dicW ~roc~edf¦~. I.tsier ~1 : be a~fed to eoNeet ~ snc6 ~nucecdiu` ar e~peaaes of fonclosore, i~cl~dioE. 6nt wot ibited to, reaso~le attone~'s f~a, ~ a~ absl~ d dsc~went~ e~ide!tee. absttacls asd tkie tepotls. ~ ~ 19. Dorruwar's Rt~Yt to Rei~tste. Notwithuanding Lender's aecekration of the wms secured by this Moitasae. ~ ~ Borrower shall have the right to have any proceedings begun by Ltnder to enforce this Mortgage discondnued at aay dme - ~ ~ 8oaK277 ~ ; ~ 3 ~