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Home My WebLink About0843 t.eRder's written agrcemcnt c?r applicabk law. BoROwe~ shall pay the amount ot atl mortgagc insuran~:e p~+cmiums ~n the manne~ provideJ under pa~ag~aph 2 heroof. Any amounts disbursed by I.enJer pursuant tu this paragnph 7, wi~h intercst tfierccx~, shall become additiooal in~ieb~edness of Bc~rrawe~ xcurcd hy ~his Mungage. Unless Borrower anJ l.ender agtoe lo other terms af payment. such amcwnts shall be payahle upoo ncuice from I.eodc~ to Borniwrr rcques~in~ paymcn~ therec~t, and sh~ll bea~ intercst trom the date ot disbursement at the ratc payahk frc~m time to time on outstanding principal under the Note uolesx ps~t ot intercst at such rale would !+e contnry to applicable law, in which event such amounls shall hear interest at the hiahest rate permissibk unde~ applicabk law. Nothing contained in this parag~sph 7 shaq rcquirc i.ende~ to incur any expenx or tdce any sclion hercunder. S. Is~pettio~. I.ender may make or fause to be madt reaconabk entriec u{~on and inspections of the Property. pmvided that I.ender shall give Borrawer ncwice pri~r b any such inspection specifying reasc~nabk caux theretor rclated to I.et~dePs interesl in the Propeny. 9. Co~de~wwtbn. The pmcecds of any award or claim for damages, dircc~ or consequential, io rnnnection ~?ith any condemna~an or othe~ taking of the P~operty, or part ihereof, ar for conveyance in lieu of condemnatior~, arc hereby aitianed and shall be paid ta I.ender. in the event of a total taking of Ihe PropeMy, the proceeds shall 6e applied ta the sums securcd by this Mortaaae. with the ezcess, it any, paid to Bor~ower. ln thc event of a partial ~aking of the Propeny, unless Borrower and I.ender olhenwise agree in writing. there shall be applied to ~he sums securcd by thic Mongage such propociion of the pmeeed~ . ss is equal to that proportion w•hich ~he amaunl of ~he sumc ucured by this Mortgalte immediately prior to the date o~ taking bean to the fair market value of the Propeny immediately prior to the date of taking, with the balance of the proceeda paid to Bo~rower. If the Property is ahandoned by Bc~r:ower. or if. after notice by l.eoder to Bormwer that the condemnor oRers to maitr an award or settle a claim for dam~ges. Bc~rr~wer fail. to resaond to l.ender within 3Q days after the date such notice is maikd. i,ender is authorized to collect and apply thc proceeds, at l~nder s opteon, either to restoratioo or ~spair of die Propeny or tc+ the sums secured by ~his Mortga~te. Unless Lender and Borrower othervvise agree in writ~og. any such application of proceeds to principal shall not extaid or postpone the due date of the monthly installments rcferred to in paragraphs I and 2 hercof or chanae the amount ot such installments. 10. sonewer Not Rekased. Extension of the time for payment or modifkation of amortization of the sums secured by this Mortgage gnnted by i.ender to any ~uccecsc~r in interesi of Borrowe~ shall not ope~ate to rekase, in any manner, th~ tiability of the original Botrower and Bc~rrower e succason in intercst. Lender shall not be requircd to commenoe proceedings agairat such successor or rcfuse to ectend time for payment or othervvise modify amortiution ot the sum~ secured by this Mortgage by rcuon o( any demand made by the origirral Bonower and Borrower's successors in inlerest. ll. Forbearaace by Leoder Not a R?aive~. Any forhearance by I.ender in eaercising any right or remedy heoe?mder, or otherwise affordod by applicabk law. shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxa or other tiens or charges by Lender shall oot be a waiver oF Lender's right to accelerate the maturity of the indeAiedness cecurcd hy this Mortgage. l2. Reu~edks C'~mnbf~e. All rcmedies provided in this Mortgage arc distinct and cumulative to any other ri6ht or - remedy under this Mortgage or aftorded hy law or equity, and may be exercised concurrcntty, independently or succtssively. ' 13. S~cees~ors asd Assi~~s ~ound: Joiwt a~d Se~ed i.iabi~ry; Csptbas. The rnvenants and agreements herein contained shall bind, and the riRhts hereunder shall inar~ to. the.respective successors and assigns of Lender at~d Borrower. subject to the provisionc of paragraph 17 hereof. /111 covenants and agreements of Borrower shall be jaM a~d several. The captions~and headings of the paragraphc of this Mongage arc for convenience only and are not to tie uxd to interprct or define the provisions hercc?f. 14. Notke. Except for any nc+tice rcquired under applicable law to be given in another manner, (a) any notice to Borrower p~+ovided for in this Mortgae~ shall be given by mailing such notice by certifled mai) addressed to Borrower at the PropeRy Address or at such dher address as Bor~ower may designate by no~ice to i.ender u provid~d herein, and (b) any notice to Lender shall he givcn by certi6cd mail. retum receipt rcquestod. to t.ender's addras stated hercin or to such o~her address ai Lender may designafe by nc~tice to Borrower u provided hercin. Any notice provided for in tha Mo~tgage shall be deemed to have been given to Borrower or Lender when given in the manner designated hercin. ~ 1S. Uniform Mo~t~a~e: Co~ernia~ i.arr: SeverabUitr. This form of mortgage combina uniform rnvenants foi national f use and non-uniform covenants with limitecf variations by jurisdiction to co~titute a unifotm security instrument coverin6 ~ rcal property. This Mortgage shall be governed hy the law of the jurisdiction in which the Property is located. In the E eve~t that any provision or clause of thic MoRgage or the Note conAicts with applicabk law, such conflict shatl not aBoct other provisions of this Mortgage or the Note which can be given eBect without the conflicting provision, and to this t end the provisions of the Mortgage and the Note ar+e Jeclared to be severable. ~ lf. 1on+uwer's Copy. Borrowe~ shall be furnixhed a conformed cop~• of the Note and of this Mortgage at the time E of execution or a[ter recordation hereof. - ~ 17. .T~ter of the Property: Assa~nption• If all or any part of the Property or an interest th~rcin is sold or t?ansfetred ~ by Borrower without Lender's prior wrincn consent. excluding (al the crcation of a lien or encumbrance subordinate to ~ this Mortgage. (b1 the crcahon of a purchace money cecurity interest for household appliances, (c) a transfer hy devise. ~ desoent or by operation of law upon the death of a joint tenant or (d) the Srant of any kasehold intercst of threc yeus or kss not containing an option to purchase, Lend~r may, at Lender's option, declarc all the sums saured by this Mortaage to be P immediately due and payable_ Lender shall h~ve w•aived u~ch option to accelerate if, prior to the cak or transfer. Cender ~ and the person to whom the Property ic t~~ bc co1J or tnnsferrcd rcuh agrcement in writing that the credit of such perwn ~ is satisfactory to Lender and that the ir.terr.t payable on the sums secured by this Mortgage shall be at si~ch rate ac Lender ~ shall roquest_ if Lender has waived the op~ion to accelerate provided in this pangraph 17, and if Botrower s successor in ~ intera~ hu executed a written assumption agreement accepted in writing by Lender. Lender shall rckase Borrower from all obli~ations under this Mortgage and the Nae. ~ ~f Lender exercises such. option to accelerata Lender shall mail Borrower notice of accekntion in accordancc a•ith ~5 parajnph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within ~ which Borrower may pay the sums declared due. if Borrower fails to pay such u~ms prior to the expiration of cuch peric~d. Lender may, without further notice or demand on Borrower, invoke any remedia permitted by paragtaph 1R hercc~f. NoH-UNtFORt?~ CoveNeH'rs. Borrower and Lender further covenant and a~nee u fdlo~rs: ~ ~ li. Aecderatlo~: Rewedks. E:cert as provWed in ps~rapl~ N I~ereot. Ro~ son~owers bn~el~ ot wf co~enwt K ~ a~rawe~t ot D~e~ower i~ tris Mort:a~e. laclodit~ tre torenswts to ~r wbt~ ~ie a~y ww~ set~e~ i~ t1~Y Mo~Ke. I~ew~er - prior M ~cceierstlo~ dWl ~al1 ~otlce to dorrower as ~o~IdcA is Para~raOA 1~ Uerso[ s~eeK~s (1) t~e Me~cA:121 tUe sctio~ ~qi~e~ b c~ue s~ MeacY: (3) a da~1e. wot ie~s tY~ 3~ dsys tro~ tbe aate tUe ~otk~e b w~ed b lonower. h~ wbic~ s~i ~u ~eae~ wt ie e~sd; a~i (4) thd hil~re 1o crre s~c~ MeacM o~ or ~etore tie date yeeiie~ i~ tMe wMke ~aj resrlt i~ aetde~afie~ ot I~e s~w secWed br t~k Mort~e. to~ecfo~re b~eh~ l~oesedML aw~ ~ale ot t~e h+upertr. 7Ue wetke ~ ~ sW torlUer iwEors 1on~uwer d tl~c ~r1 to reiastMe afler aetekrdlo~ a~d t~e ri~t to arcA b tre toneleane potte~ •1 1!e ~oMesWe~cr d a iet~lt or aoy otl~ de~ease o~ donower to accekratbw a~d torerloa~re. H tMe brsx~ M~ot c~ a~ or betore t~e ~Sle ~ f~ tMe ~otict. Lenacr s~ [.e~'s opbw ws~ declare sr ot tre wr xa~red by 11d~ Mo~t~e b ~e i~e~r are a~i pysblt witboN t~utber dem~nd aod inay /oreclwe 1Yit Moe~ta~e 1~ j~kd1 N~c~di~R. i.ender ~Aaq n Se atMle~ to eo8ett i~ stit~ N+ocee~~ s/ espeases of forecbstioe. i~cloai~. b~t ~ot ~itd t~. rra~o~tile sn~,reev's fea. ~ a~i eoris of ioc~'~estaq etWt~ee. ab~trstts a~d title reprls. ~o~Owq's Ri~Yt t~ Reirtate. Ne+twiths~a~?din~t Lender s accekration ot the sums stcured by th~e Mortaa~e. ~ Borrower shall hsve the right to have any proceedings he~un hv Lender to entorce this Mon6a6e dixontinued at any time ~ ~ = Ro~K 301 F~~E 843 ~y ~ . . . . ~ _ - . ' ' y - '.•s € ~ ~ - i ~ ~ ~ ~ ~ - ~ y ~ - - . , _ . ~ ~ ..•r~ ~ . ~ae.~~~ : . . _ - - - . . ~