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Home My WebLink About0678 • . ~ l.ender's written ag~csment or applicable law. Botrowu shaU pay the amaint ot all mortsase insurar~ premiums ia th~e manner provided under parag~sph 2 fieroot. _ Any amounts disbu~sed by i.ende~ ptiRllAlll ~o thi~ paragr~~h 7. with imtrett thereoo, shall becoma sdditional i~~ieb~edness ot B~rowe~ securcd by Ihis Mohgaae. Unkss Bonower and Lender agroe to dhe~ temu ot psyment, such amou~ts shall bo payabk upan nc~ticc from i~nder to Borrower roquestina payment thereof, and shsil bea~ i~te~est troa~ the date of disbursement at the ratc payabk f~om time to time o~ out:tar~din` principal under the Note uokss pa~naeat ot interest at auch rate would be contnry to applicabk law, in which event such amounts shall bear interest at the hijhdt ra~a permiasibk under applicabk law. Noihing contained in this pata~~aph 7 shall requit~e I.ender to incur any ea~peme or take any action hereunder. ' s. i~spectbw. I.ender may make ar causo to be made rcasonabk eotries upon and inspcctions of the Property. pwvided that l.ender shall give Borrower notire p~ior ta any such inspoction specifying ~+eaaonabk cause theretor rclated to I.a~der's interest in the Property. - 9. Co~deu~~wsfb~. The proceeds of arry award or claim for damages, direct or consequential. in connection wilh any condemnation or dher taking of the Property, or pah thereof, or tor conveyance in lieu ot condemnation. are herr.by assigned and shall be paid to I.ender. in the event of a total taking of the Propeny, the proceeds shall be applied to the surtu aecured by this Mort~aae. with the excess, if any, paid to Bonower. Tn the eveot of a panial taking of the Property. unless Borrower and I~ender ~ o~hen~rise agree• in writing, there shall be applied ta the sums secured by this Mortgage such proportion of the prnoeeds as is equal to that proponion w~hich ~he amaint ot ~he sums securcd by this Mortgage immediatety prior to the datt ot taking bears to the fair market value of the Propehy immediately prio~ to the date of taking, with the balanoe of the prococds paid to Borrowe~. • ~ 1f the Property is abandoned by Borrower, o~ if, after notice by Lende~ to Bornower that the oondennnor of[ers to mste ~ an award or settle a claim tor dam~ges, Bc~rrower fails to respond to Lender within 30 days after the date such notice is mai~ed, Lender is authorized to colkct and apply the proceeds. at I.ende~'s option, either to ratoratio~ or ~epair of the Property or to the sums secured by this Martga~te. Unless Lender and Borrower otherwise agrce in writing, any such application of procoeds to principal shall not extend or pcutp~ne the due dale of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of i wch ins~allments. ~ 10. eorrower Not Rekased. Extension of the lime for payment or moditkation of amortization of ttft wms socurcd by this Mortg~ge granted by Lender to any cuccecsor in interest of Borrower shal) not opente to t~ekase. in any manner. the liability of the original Borrower and Borrower s successors in interat. Lender shap oot be requircd to commence __^___!e___ _~_'~w ~"~L A'~~ t..~ ..~.....~w• lu.~via~ ~niviiFv s~nnrfi7s~inn Af t}u~ l~~Mt ` ~:an~~u:tiga ap=sssx su~.:: su+.~esav: vi :i.:a..zs ':i. a..~:s+zv e:::~ :v: ~ral:..r:n wr+ ~i:n:--.--.. securcd by this Mortgage by rrason of any demand made by the original Bonower and Borrower's successon in intercc~. l l. Rorbearaace by Lender NM s Waiver, Any fofiearance by Le~der in exercising any right or remedy hercunder, or othenvise afl'orded by applicabk law, shall nc~t be a waiver of or preclude the exercise of any such right or rcmedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of LendePs right to accelerate the maturiry of the indebtedness ~ecurcd hy this Mortgage. ~ 12. Remedies ~mulati~e. All remedies pravided in this Mortgage are distinct and cumulative to any other right or rcmedy under lhis Mortgage or afforded hy law or equity. and may be exercised concurrently, independently or successively_ ' 13. S¦ccessors aed Asei~~s Eoaed:.Joiat aad Sereral i.isb~ty; Cspfioes. "Il~e sovenants and agreements herein contained shall bind. and the rights hereunder shall imire to. the respective sucoessors and assigns of Lender apd Borrower. subject to the provisions of paraaraph 17 hcreof_ All covenants and agreements of Borrower shall be jar~ and several.- , Tfie captions and headings of the paragraphc of this Mortgage arc for convenience only and are not to be uad to _ interpret or de6ne the provisions hereof. 14. Notke. Except for any notice rrquired under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Mortga¢e shall be given by mailing such notice by cenified mail addrcssed to Borrower at the Property Addrcss or at such dhcr address as Borrower may designate by notice to T_ender as provided herein, and (b) any notice to Lender shall he givcn by certified mail. retum ~eceipt rcquested. to l.ender's address stated herein or to - such other addre~ as Lender may designate by nc~tice to Borrower as provided hercin. Any notice provided for in this Mortgage shall be deemed to have been given to Bormwer or Lender when given in the manner designatod herein. 15. Uaiform Mort~s~e; Governia~ i.arr: SererabilitY. This form of mottgage combines uniform coveoants for national ~~se and non-uniform covenants with limiteJ variations by jurisdiction to constitute a uniform socurity instrument rnvering ~ real property_ This Mortgage shall be governed hy the law of the jurisdiction in which the Property is located. In the - event that any provision or clause of thic Mortgage or the Note conflicts with applicabk law, such conflict shall not affoct - ; ~ other provisions of this Mortgage or the Note which can be given eBect without the conflicti~g provision, and to this ' ~ end the provisions of the Mo~tgage and the Note are Jeclared to be severabla C 16. Sorrower's Copy. Borrower shall be furniched a conformed copy of the Note and of this Mortgage at the time , of execution or after rccordation hereof. ~ 17. Trsasfer of t6e Property: Assumption. if all or any part of the Propetty or an interest thercin is sold or transferrcd , I by Borrower without Lender's prior writtcn consent. excluding (a) the creation of a lien or encumbrancc subordinate to ° this Mortgage, (b) the creat~on of a purchace moneV security intercst for household applianca, (c) a transfer hy devise. ~ deuent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intetest of three years or less not containing an option to purehase, [.ender may. at Lender s option, declarc all the sums socured by this Mortgage to be ~ immediatdy due and payable. Lender shall have v?~aived such option to accelerate if, prior to the sale or t~ansfer. Lender and the person to whom the Prope~ty ic t~~ be cc~IJ or transferred reach agreement in writing that the credit of cuch person is satisfactory to Lender and that the intc~~ct payable on the sums secured by this Mortgage shall be at such rate as Lender •shall request. if Lender has waived the option to accelerate providcd in this paragraph 17. and if Borrower's successor in interut has executed a written assumpcion agreement accepted in writing by i.ender. Lender shall rckase Bonower from all ' obligations under this Mortgage snd the Nae. . If Lender exercises such option to acctlerate. Lender shall mail Borrower notict of accekration in accordancc H•~~h paragraph 14 her+eof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within ~ which Borrower may pay ihe sums declared due. If Borrower fails to pay such sums prior to the expiration of such pcriod. : ~ L.ender may, without further nolice or demand on l3orrower, invoke any rcmedia permitted by paragraph 1 R herrnf. ? ~ Nor~-Ux~Faa?t CoveNerrrs. Borrower and Lender further covenani and agree as fdlavs: ~ r 18. Accdeiatio~: Rew~edia. Except a~ prorided io pra~rspM 17 hereof. rMe Sorrowa's ~e~cac~ ot a~y co~cml or s s~rec~at of Borrower b tYis Mo~a6e. hclu~a~ fl~e cweosMs to pq wMew ~e ay sNSS secrni by tr4 Mo~a`e. Lesder ~ Prior io scceleMio~ s6a11 ma~ wotke to Eorrower as pro~iaea M pra~rspl~ 141Krcot s*eelt~: (1) tl~e b~escti: t2) tbe actios ~ reqo~ to cere wei breacr: (3) ~~c. wot le~ Waa 30 days fros tl~e aate tre eotice w~aiki Io sorrower. b!' wl~ic~ s~i ~ ~ breac.ti set be c~re~ aea (4) tMat faiMre to crre sMCb 6reacM ow or be~ore tre ade ~eelRea i~ tre wotice wa~ rault ia ; ~ scederatios of Ire wss secrred br tMb Mort~e. toreclowre b~ M'~~L ~~le of t6e h~opcrry. 7Le ~otke ` ~ sbaM fartber iefono ~on~owa of t6e ri6M to rriastate dter seeekraHo~ swd tre ~1 b a~eN h d~e toreelos~re ~roeee~ ~ t~e ao~-e:ktewee oE s ~eEarlt or ao~ otber defease of Eorro+~er to sccderatiow awa forecloaue. K tbe 6rescM b~01 c~ o~ ~ or betore the dde s~eci8ea i~ tl~e ~otiee. Lesdcr at I.ender's optiow ssy dethre r oI fl~e sr~s setrrrd by diis Mort~a~t b 6e ima~edLtely d~e swi paysble w'itlart trriber demond and aay foreclae tbr Morl~a~e yr j~ikW ~oceed~i~R. Lmder d~aN E ~ 6e entitkd lo colkct b s~ protetdisL a/ etpeoses nf foreclos~re, i~cM~. 6rt ~ot ~ci M. rta~owble m.xnrv's ftes. ~ ~¦d eosts ot doe~~eat~ e~iae~ce. abetescls asd tilk rcporls. ~ 19. Sonower's Rij6t to Rei~tata Nc~twithstanding Lenders acceleration of the sums secu~ed by th~s M~rtgaae. - Borrower shall have the right to have any proceedings I~egun hy Lender to enforce this MortEage discootinuod at any time ~ ~ 80C1(299 PACE ~~8 , ~ ~ ~ ~ _ - - - ~ ~~=-s~~ ~ ~ ~