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Home My WebLink About0692 • • c-. ~ , ;i., ~ ' r .1t~,1~ ~ 1_encie~'s written agreement or applicabie law. Horrower shall pay Ihe amuunt of al'(1h~rtg:?be in.urance prem~unu in the nianne~ providcd under parag~aph 2 hereof. Any amounts disbursed by 1_enJer pursuant to ~his parag~aph 7, with intercst therec~n, ~hall t~ecome additi~~nal indeMednesc Horrowe~ secured by thix M~~rtgage. Unlr.e Borrower anJ LenJcr agree to o~her tertnc of paymert, cuch amountx shall he payable upon nMirc from I.cnder to B~rroN•cr rryue+~ing p~~~mcnt thereaf, and shall t~car inte~cst fmm the date of disbursemcnt at thc ratc payahlc fn,m time to time on oulstanding principal under the Note unlesc payme~t of interest at such rate wauld l+e cc~ntran• to applicable law, in which event ~uch rm~unts ~hall hear inte~est at the highest rate permiuible u~der applicable law. Nothing contained in this paragraph 7 shall reyuire Lender to incur any expense or take any action herounder. 8. I~peefioo. l.ender may make ur c:iux to he made reacanablr rniriec uM~n and inspertionc of Ihe Property, provided that Lender shal) give Borrower notirr priar to any wch in~ptttiun cpecif~'ing nasonable cauu: therefor rrla~ed to. l.ender's intcrest in the Pmperty. 9. Coadtmnation. The pnxeedc of any aH~;~rd or claim for damages. direct or con~cyucnti~l, in connection with any condemnation ar Mher taking of the Property, or part therr~~f, ~~r G~r a~nveyanre in liru of condemn•rti«n, are hereby ascigned and shall bc paid to I_ender. In thc event of a total taking ~f thc Proper~y. thc pnk~~:dc ~hall tx applicd to the ~ums sccurcd by thic Mortgage. with the e+ecess, iF any, paid Ii• Aorruw•er. In the cvent ~~f a partial t:il.ing uf the Property. ~inlecc Borrower and i_ender othervvice agree in writinF, ihere shall he applied t~~ thr .um. cecurc~l M~ ~hi~ MortgaKe wch pm~~rtion of the proceeds as~ic equal to that pro~rlic~n w•hich Ihr am~~iint ~he sum~ tirc~ircd h)~ thi~ Morigage immrdiately prior ~o thc date af tak+ng bears to the fair market value of the ProExrt~• immediately prior to thc Ja~e of iaking, with the halance of the proceeds paid to Borrower. ~lf the Property ic abandnned by Borrower, or if. af~cr n~•~ice h~~ Lender t~~ Borr~~wer that the condemnor offers to make an award or setNe a claim for damagr~, B~rroH•~r f:~il+ t~? rr~~x~nd t~ l.ender vvilhin z0 dat-~ after the date such notice is mailed. Lender ic authorized to coUect and ,~~i~~ thc pr~ceeds. a~ Le~der'~ ~ption, either to restoration or repai~ of the Property or to the sums sccured b~• Ihis Mortcagc. Unlesc I.ender and Borrower otherWi.r agr~~ in ~~ritinc. am~ ~uch applicati~~n ~~f pnKCed~ to principal ,hall not extend or po~tpone the due date of th~ monthl~• installmrnts rrfcrrrd t~~ in paracr.~ph~ 1 and ? hcrcof or changc the amount of such installments. 10. Borrowt~ Not Released. F~tencic~n ~~f the ~ime for pat~ment or mc•difiratian of amc~rtization of the ~umc secured by this Mortgage granted by I.endcr ta am• cucce~~ur in int~re.t af Rorra~?er .h:~ll not ~~~xr.ite t~? rrlrase. in any manner. the liability of the original Borrowrr :ind B~~rroK•er'~ sucrrs~c~r~ in interect. I ender .hall not he required to rommence proceedings against such suecessor or refu~ tc? e~teml ~imr for pa~•mcnt e~r othrr~i.e mcxlif~' amc?rtizati~.n i•f ~hr tums secured by thi~ Mortgagc hy rcason of an~• d~n~and madc b~ ~hr ~xieinal Rorruwcr and B~~rrrn~•cr's tucceta~r~ in inRrcel. 11. Forbearance by Ixnder l~iot a Wai~~er. :1m f~.rFxaran.e h~• Lrnder in c~crcieine: :m~• right c~r rcmrdy hrreunder, or otherwise afTorded by applicahle law, tihall nc.t Ix :i w•ai~'er of ~~r prerlude the c~~rci~e «f :?m~ ~uch right ~r remed)'. The procurement of insurance or the paymrm of t:i~cs c~r othe~ fiens or ch•rrece b}• l.cnder ~hall not hc. a~~aiver af l.ender's right to accclcratc thc maturity of the indcMcdnc~s tirrurcd M• thi, !~iortgagc. 12. Remedies Cumulative. All remedicc pm~~ided in thic 111~rtgage arc dictinct and rumulati~•c to anp cHher rieht or remedy under this Mortgage or aRordcd h~• la«~ c.r cyui~y. anJ may he e~ercierd rnncurrcnth•. indeEx ndently ~r succ~csi~•ely. 13. Soccessors and Assigns Bound: ]oint and Se~eral i.iability; Captions. Thc covcnants and agrrcmc~tc hcrein conlained shall hind, and the riRhts hercundcr tihalf inure to. the rcspective succe~.t~r, and a~cign~ ~f t.cnder and B~~rrowrr. subject to the pmvisions a( paragraph 17 hereof. All ro.•cr.an~s ~nd a~rcement~ of B~~rr~~~~cr sh:~ll tk j~~int :~nd ~c~•eral. The captions and headings of Ihe paraer:iph. ~~f ~hic '~longagc arc f~r c~nvcnicnre i~nh• :?nJ :ue nut t~~ hc uud to interpret or define the pro~ isiont hereof. 14. Notice. E~cept for any notirc rryuir~d unJrr :~prlicahle law~ to t+c given in an~~ther manner. (a) :+n~• notice to Borrawer provided for in this Mortgaee tihall tx giv~n h}• mailine surh n~tice h}~ rrrtified mail ac~dre~•rd k~ Borrc.«er at the Properly Addres~ or at si~ch uther addrec. a, B~ur~~wer ma~~ dc~ignalc h}• n~airc tc. 1 endcr as pm~•ided hcrcin. :~nd (b) an~• notice to LenJer shall he gi~•cn h~• cer~ifird ma~l. return recript reyur~teJ. t~~ I ender~ addres~ stated her~in ~r ro ~uch other address as Lender ma~• de~ienate h~ n~~tice t~~ Bnrn•~er ac rm~ide~l hrrcin. :~m• noti:e pruvide~t for in this Mortgage shall tx: deemcd to have fx:en givrn to B~rmKCr ur Lcnder ~.hen gi~~en in the manner de.ignated herein. 15. Uniform A1orlRa~e; Go~erninR I.aK: Se~erabilih•. "Thi~ f~~rm of mortgaKC rnmhincs ~miform rnvenant. fc~r national use and ni~n-uniform a~venant, with limite.i variati~•nti h~ juri.Jirti~.n t~~ constitute a uniform srcuriri~ instrument aivering real propeny. This Mortgagc shalf bc c~~vrrnrd h~~ thc la~~ nf the juri.~licti~~~ in u•hich the Pm~xrt~• i. Ickatcd. In the ~ event that any pmvision or claucc of thi. M~.rtga~,r ~~r thc '`,~tc cc+nllirtti ~~ith applicahlc la~•. ;u;h ronflict .hall no1 atTcct ~ other prm•isions of this 1~lortgagc or thc ':~'~tr ~~hich can tx: gi~~cn ctTcct ~~ithout thc rrn~flictinL pro~•i~ion. and to this ' end the provisions of ~he Mortgage and thr \ute are Jrclared In he ~everaMe. ; 16. Bomower's Cop~~. Borrower .hall tn furni.hr.l a r~~nfi~rmrd ci~p~• ~,f the Ne.te and c~f thi; ~lorigage at the time B of execution or after recordation hereof. ~ • 17. Trantfer of t6e Prope~i~~; Acsumption. 1f all ~.r am part of the Pn~perty ~.r an mterest therein ic s~~ld c~r trancferred ~ by Borrowcr without Lcnder's prior w~rittrn cunsc~~t_ cticluding 1:~? thc rrcatinn of a licn cnc~~mhran.c whorJinatc to ~ this Mort~tage. (b) the creat~on ~f a pur.-hac~: m~nc~• ururi~~ interest fc.r househ~~W applianrrc. (cl a tran~fer h~~ devise. deseent or by operation of law upon the death of a j~~int tenant ~~r ld~ the grant of ~m~ I~acchold intercst ~f thrcr ~•earc iir le~s ~ not containing an option to purehase. I.ender ma~•. at I.ender'. i~pti~.n, declare :~ll th< <um~ se~ur~d h~~ this ~1~rtgage ti~ t?e ~ immediately due and pa}'able. I.~nder shall ha.e ~?a~~~rd wrh aption to acc~lerate if. pri~r t~• the .ale e~r ~ransfer. t.rnJer and the person to v~•hom the Pmpert}~ ic to be sold ur transferrcd reach agreement in Nnt~ng that the crc.iit ~f ~uch penon ~ is satisfactory. to I_ender and that the intere.t pacable ~~n the sum~ ucured h~• this '~1ort~ace ~hall t?e at such rate as Lender shall request. If !_ender has waived the option to accelerate pm~~ided in this paragraph 17. and if Borrow~er'. ~uccessor in ~ interest hac executed a written assumption agreement accepted in writing h}• i.enJcr. Lender shall releaae Borroaer from all obligations under this Mortgage and the Nrne. ~ If I_ender exercises such option to acceterate. Lendcr ~hall mail BorroHCr notice ~f acreleration in a~rordancr ~i~h ~ paragraph 14 hereof_ Sueh notice zhall provide a perie.d of not Iest than 30 da~•c from the date the notice ic mailed w•ithin which Borrower may pay the sums derlared due. It Borrower fail~ to pa~ cuch tiums pri~~r to the erpiration i~f ~uch ~xriad. ~ Lender may, without further nofice or Jemand c~n K~~rrower. imc,ke an~ remedies permitted by paragraph 1Q hereof. ~ ~ Notv-UrttFOtent CovEN~xrs. Borrower and Lender furthcr covenant and agree as follows: ~ ~ 18. Accelerstion; Remedies. E:cept ~s provided in par~raph 17 hereof. upon Borrower's breach of any co~enant or ~reemeat of Borrower in t6k Mortgage, includin~ the corenants to pay wher. doe any sums secured bf this Mortgage. I.ender prior to accekration s6a11 maii notke to Borrov?er as pro~•ided in psira~raph i4 hereof specifying: (1) the breach: (2) tde actbn ~ ~+eqoired to core soc6 bneacb; (3) a date. not less than 30 days from t6e date t6e notice ~S maikd to Borrower, by whkh such ; ~ brese6 mmt be cored; and (4) tbat failure to cure such breach o0 or befo~e the date specified ia the aotke may resnN in 3 ~ accderatioo of t6e snms aec~usd 6y th~ Mortg~ge. foreclosure by jod~cial proceedin~ aad sale of the Property. 'il~e notice ~ shall furWer inform Borrower of the right to rcinctate after ~ccderation ~nd tbe right lo a~ert in t6e foreclosure proceediug - t~e non-esastence d a defauk or any other defe~e of Borrower to acceleration and forecbsure. If t6e bre'ch is rat cered oa or before the date sperified in t~e notice. Le~er at I.ender's option may declare a0 of the snaas secund by this Mortga~e to be = immedLtely dne aad payable witbont furlher demand and may foreclose tfits Mortga~e by judicial procecdiu~. Lender shall be eatiUed to collect !e snc6 proceedi~ all e:penses of foreclosurc. including, but not limited to, n~sonabk attorney's Eees, ~ sod cos4 of docementary evideace, abstr~cls and titk rcports. 19. Eorrower's Ri~6t to Reinst~e. Notwithstanding Lender s acceleration of the sums secured by this Mortgage, Botrower shall have the rigt~t to have any proce~:dings begun by Lender to enforce this Mortgage discontinued at any time ~ ~ f.~F~ 292 ~ 692 E_c„ p.ac. ~ ~ , . _ ~___y . ~ , ~_--z. - ~ ~ , ~ ~ ~-~~~-~-.~~~.y, • v ' ~ ~1,,~,~ ~ ~ - > , h ,r~ ~r~~ ~ ~ ~-~n.~ ~'r° ~ . ~,."~~4~ 'k~ ~ ~ Y _ ~y 1~ ~ ~ X -'~~4~v~~~,~.-~ ~ - ~ ` _ , ~~,g , E~" 3"-"a , :5".~ ,.~">2~ri::