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Home My WebLink About0437 ~y ~ 1 ' I.ender's written agrceme~~ o~ applicabk law. Borrower shal! pay the smounl of all rtwrt~ insurance premiumt in iNe manner providcd under parag~aph 2 heroot. Any amounts disburaed by I.cnJer punuanl to this ps~ag~aph 7, wilh inte~esl Ihereon, shall Ixcome additional inJebledoes< <~t [3o~ruwcr ~ecurcd by Ihis Mortg~ge. Unlecs Bo~rowc~ aod I.eoJe~ agooe to othe~ temu ot payment. such amcxmts shall be payabk u~ rn~~KC f~om I.enckr Io Borrower requesling payment Ihereof, and shall txa~ iotetat from the date of clisborxmenl at ~he nte payahk trom time ta time on antt~ndin~ principsl under the Nate unless payma~t ot interest at such rate would be cont~ary lo applicabk law, in which event such amounls shall heat interest al the hishat nte permiuibk under applicabk law. Nothiog co~iained in Ihis paragraph 7 shall require I.ende~ to incur any expeme or take any act~~ hereunder. S. lm~pectfo~. I.enJer may make ~~r causc la he made reasonabk entriec upon and inspectionc of the Property. provided that I.ander shal) give Borrower nc~ice pri~~r to any such inspectian specityin~ rcasc~nabk cause ~heretor related to [.endePs ;iterest in the Pro~ehy. 9. Cowde~anstba The proceedc of any award cK claim for damagu, dirccl M conuquential, in con~ection with any ce demnation or other taking of the Propehy, ar pah therrnf, eK for cexrveyance in lieu of condemnation, are hei+eby assigned an~ thall bc paid to I.ender. In 1he event af a tc?tal taking af Ihe Pmperly. the prckecds shall he applied to the uims securcd by this Mortaaae, with Ihe e~ceu, i( any, paid lo f3atrc~wer. In the evenl of a partial taking ot Ihe Pmperty, unless Be~rrowe~ and I.ender . otherwise agree in w~iting. there shall t+e applied to Ihe wms secured by this Morlgage xuch proportion of the proceeds as is equal ta Ihat propartion w•hich ~hc amount 1hc sumc ~ccurcd by this Mortgage immediately prior to the date of' taking hean to the tair markel value of Ihe Pmpcrty immecliately prior to the Jate ot taking, with the balance o( the procoeds paid to Bormwer. If the Properly is aFwndancJ by Bc~rrowcr, or if. afler nolice hy I.ender t~ Bormwer that the condemnor oRen to make an aw•rrd o~ cenle a claim tor dam•rgrw S~.rrower fa~l~ to res~nd to I.ender wilhin 3o days afler the date such notice is mailed, i.enJcr ic autho~i~ed to collect and apply ~hc proccedx. at I.ender's option, either to rcsroration or repair of the Prope?~y or to the sum~ ucurcd hy Ihis M~rtgage. Unles. [.enckr und Borrower othervviK :~rce in wrihnF_ any wch application of pr~x;eedt to principal shal) not txtend or postpone the due dale ot the mon~hly inslallmcnls refe~n-d to i~ paragraphc 1 and 2 hereof or thange the amount of tuch installments. 10. Sorrower Not Rek~ed. Fxtension of ~hc time for payment or modi8cation of amortizaticx~ of the sumc securcd by this MortRagc granted by I.endcr Io any cuccecu~r in imere~t of He~rrower shall not operate to releax, in any ma~ncr. ~he liability ot the original Barrowcr and &~rn?wcr't cucccsuirs in interesl. I.ender shall no~ be requircd to rnmmence proceedingt against such sucressor or rc(u~e to e~~enJ time for payment or otherwiu modify amortizatu~n of thr wms ucured by thic Mortgage by rcacon o( any demand made by Ihe ariRinal Fiorrower and Borrowers cuccessorc in intere~t. 11. Forbesrsnce by I.ender Nof a Waive~. Any f~~rhearance by Lcnder in cxerciaing any righl or remedy hcrconder, or othervvise affardal by applicahle law. ~hall not he a waiver of or preclude the exercise of an~ such righ~ or remedy. The procurement of insurance or the payment nf taties or other fiens o~ charges by l.ender chall not he a waiver of I.ender's right Io accelerate the maturi~y of the indeblednecs secured hy thic Morlgage. 12. Remedies Cnmulati~e. All rcmcdics pravidcd in thic Mortgage arc distinct and cumulative to any o~her right or rcmeJy under Ihic Mor~gage or aftardrd hy law o~ eyuiry. and may F~e ezercited concurrcnNy, independentty or succeuively. ~ 13. Snccesor~ snd AssiRus Eound; .Janl aud Seversl 1.laM'lity; CspNons. The covenants and agrecments herein conlained chall bind, and Ihe riRhls hereunder chall ini~re to. the respective sucecssor~ and acsigns of I.ender apd Borrower. subject to the provisionc of paragraph 17 hereof. All cavenants anJ agreements of Borrower shall Ix jniry and uveral. "i1~e captions ~nd headings of thc paragraphc af this Mortgagc arc for convcnicnce only and arc no~ to hc used to intcrpret or define the provision~'herrnf. 14. 1~iotke. Except for any no~~rc rcy~iired unckr applicable law to be given in another manner, (a) any notice to 8e~rrower provided for in ~hic Morlga¢e ~hall he given by mailing such notice by certified mait addressed to Borrower at the Praperiy Addrecs or at si~ch uthcr aJdre~~ as Borrowcr may designate by no~ice to I.ender as provided hercin, and (bl any notict to t.ender shall he given hy cer~ified ma~l. return receipt requected. to t.ender c adJres3 stated herein or to - tuch olher address as l.ender may decignate by n~tice ti~ Borrower as provided herein. Any notice provided tor in this . Mor~gage shall he ckemed ~o havc t+ecn Rrvcn to B~rruwcr or Lcnder when given in Ihe manne~ designated herein. IS. Uniform MoARa~r. (:overninR law; Severat~ility. Thit (arm ot mohgage combina uniform covenants for national ' . uu and non-uniform cmenant~ wi~h limited v•rriati~~nc hy jurisdiction to constilute a uniform security in~Irument covering ; ,rca) property. This Mortgage shall be governed hv the law of the jurisdiction in which the Property is located. In the ' event tha~ any prov~sion or clau~e of thi~ Mortgage ~r the Note rnnflicts with applicabk law, such conflic~ shall not affecl ~ other pr~vicionc of Ihic Mortgage or Ihe Notr whrch c•rn be given eBecl without Iht tonflicting prmicion, and to this I end the provicions of ~hc Mortgagc and thc !Votc ~rc Jcclared to he scverable. ~ 16. Borrovrer's Copy. Borrower tih:dl 1x (urnitihcd a conformed copy ot the Note and of thi~ Mortgage at the time ~ of execution or atter recordation hercoL ~ ` 17. Tansfer ot Ihe Pmperty: AS~umption. I( alI ~~r any part o( the Property or an interest Iherein ic sold or trancferred ~ by Borrower without lxnder's prinr writ~cn conXm. etcluding fa1 the creation ot a lien or rncumbrance su~rdinale b thic Mortgage. tb) the creahcx~ of a ~urch~u m~mr~~ ~ecurity mterest f~r household appliances, (c{ a trancfer h~~ devise, ~ descent or by operation of law upon the Jcath ~?f a j~?~nt tenant ~r (dl the gram ot any Ieasehold interest of Ihrcc ycarc or Ictc ~ not containing an option a~ purchase. Lender may. at I.ender'ti option, dtclare all Ihe sums secured by Ihis Mortgage to 1?e immediately due and payable. I.ender thall h•rvc N:UYC(~ tuch option ~o accelerate if, prior to the ~ale or trans7er. I.enJtr and the perx,n to whom the Proper~y i. Fx ,ol.l or trans(erred reach agreement in writing that the credil ~~f wch peru~n ic satisfactory to I.ender and that the interr.t payable ~n the sumc secured by this Mortgage shafl be at soch ra~e a~ l.ender shall request. If l.ender has waival the option to accelera~e provided in this paragraph 17, and if Borrower'~ wccesu?r in interest hac eaecuteJ a wrilten assump~ion agrcement accep~ed in wriling by lxnder. I.ender chall release Borrower from all obligations under this Mortgage and the Note. ~ If Lender exerciset such option to accelerate. I.ender ~hall mail Borrower notice of accderativn in acrnrdancr ~+~~h ~ paragraph 14 hercoL Such notice chall provide a period o( not lesc than 3n days from the date the notice is mailed with~n ~ which Borrower may pay the sums JeclareJ due. I( Borrower failti to pay such sums prior to tht expiration of tiurh per~~~cl. i 1_ender may, without (urther notice c~r cfemand on Borrc~wer, mvoke any remedies permitted by pa~agraph IR hcreof. ~ Notv-UH~FORtH Coverv~tvTS. Borrowe~ anJ I.ender further cavenant and agtee as follows:- 18. Accekratbn; Rcmcdia. Excep as provWed ia pan~nph 17 hereot. npou dorrowers breacA of swy co•cnint or - ~ aRreeme~t of Qorrower In tbis Mortga~e, includinR ~be co~ensnt~ lo pay whes d~e iny sams secnred by tbls MortRaRe. I.ender prbr to ~etekrstbn shdl mdl notke to dorrower as prorfded In psra~rapb 1~ htrtol speci/r1t~: (1) tl~e bresch: (21 the sctbn ~ ~ requircd to core wcb breacb; (3) a dste, ao1 kss than 30 dars fmm Ibe dste Ibe notke b ealkd to dorrowcr. by whkh such i brexb mmR be cnnd: aod (4) thst faUure to cun snch brescb on w betore tbe date specNied ia tl~e oolke msy resnlt ia ~ accekntba ot t`e wmt secured by Ih~ MortRaRe. torecfosun by judkial proceedi~ ~d ssle ot tbe Properry. The notke = shaU furthe~ inform Eorrower o~ tbe ri~h1 to nlnstate s(ler sccekrstbn and ti~e riRhl lo aesert in the foreclosure proctedi~ ' tbe non-exktence d a detwM or aay Mhcr defense ot Borrower to sccekntbn and tonclosure. It the brtsch is nof curtd os ~ or before the date specHied ia tbe notke. l.ender ~t I.rnder's oplbn msy declare aN ot tbe sums sectired by this Morf~e b be ~ immedfatdy due a~d payabk wNhout (urthcr demand and msy foreclose th4 Mo~aRe by jndkW proeetdie~. I.ender.ch~l ~ be eetitied to colkct In sncb proceedinR s~ expenses nf /oreclo.urc, iecludin=. but ~ot limited to. reawnsbk an~,rnry's fees. ~ snd costs ot documentary evidence, abstrscls and litlr reports. - ~ 19. dorrower's Rl~bt to Reimtate. NMwith~tandin~t I.ender s accderation ot the sums ucured by th~s f41.~nga6e. ~ ~ Borrrnver shall have Ihe right ~o have any proc:tedin~~ 1x~Kun hy l.ender to en(orce th~s Mortgaqe discontinued at any time K ~ ~ ~ a~~296 P~ 43S ~ ~ _ _ - - - - =F ~ F ~ , ~m ~ > ~ . . ; . _ .