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Home My WebLink About0778 ~ • l.ende~'s written agreemeM or applicabk law. Borrower ahall pay the amount ot all mortgage insurance p~emiums in tbe . , manner p~ovided undcr pa~agraph 2 he~eot. Any amounts disbursed by I.enJe~ purstuM to tha panaraph 7, wi~h interest theteon, shall become additional indeb~edness of Borrowcr securcd by lhis Mongage. Unless Borrower and l.e~Jer agrce to other ternns of paymeM. sueh . amaunts shall be payabk upan r?o~ice f~om t.ender to Borrower requesliog payment therec~l, and shall bea~ inte~est from the date ot disbursement at the rate payabk from lime to time on aHstanding principal under the Note unless'p~~t oE : interat at such rate would be contnrv Io applicabk law, in which event such amounts shall l+eat interest at the hiahest ra~e ' ~ permissibk u~der applicabk law. Nothing coolaioed in this paragnph 7 shall require Lende~ to incur aay eapense or talte any actan heteut~det. ~ S. i~specfio~. l.ender may make or cause to be made rcasonabk eMriex upon and i~spections of the Propertp, provided t that•I~ende~ shall Rive Borrowe~ ncwice p~iM ta anr ~uch inspection spoci(yina rcasonabk cause therefor rclated to I.ender's interest in the Property. ' . 9. Cosdeswatba. The proceeds of any award or claim for damages. dircct or caosequential, in connection ~vith aay condemnatio~ or othe~ taking of the Propetty, or pan thercof, or to~ canveyance i~ lieu of condemnation, are herebp assianed . and shall be paid to Lender. in the event of a tMal taking of the Propeny, thc procceds chall be applied to the sums sccured by this Mortaaae. with the excess, if any, paid to Borrower. In the cvent of a partial taking' of Ihe Property, unless Bomower and i.eoder otherwise agree in writinR. there shall be applied ta the sums secured by this Mongage such pr~opo~tioo of the prooeeds ! u is equal to that proportion v?hich the ama~nt of Ihe sumc secured by this Mortgage irrtmediately prior to the date ot ` taking beats to the fai~ market value of the Propeny immediately prior to the date of taking, with~the balanoe of the proceeds . paid to Homower. i If the Property is a!?andoned by Bar:ower, or if. after notice by Lender to Bomower that the condemnor olfe~s to atate , an award or xttle a claim for damages, Bc~rrower fails to rcs~ond to l_ender within 30 days after ~the date such ~otice is ~ maikd, Lender is authorized to collect and apply ~he proceeds, at i.ender s option, either to ratoration or repair ot tbe ; t Propeny or to the sums securcd by Ihis MortRatte. ' Unlas Lender a~d Borrowe~ othervvise agree in writing. aoy such application of proceeds to principal shall not eactend ` ar posfpone the due date of the monthly installments refe~red to io pangraphs 1 and 2 hereof or chanae the amount ot such iastallrnatts. ' 10. Eorrower Nof Rekased. Factension of the time for payment or moditication of amortization ot the sutm aecured by this MoKgage Rnnted by Lender to any cuccecsor in intercst of Borrower thall not opente to rckase, in any manner. the Iiabilily of the original Borrower and Bc?rrower s successors in intercst. Lender shall not be requircd to commence procetdings against such successor or rcfuse to extend time for payment or otherwise modify amortization ef the sums securcd by this MoAgage by rcason of any demand made by the oriqinal Borrower and Borrower s wccessors in intercst. . 11. Forbearaaee by i.eoder Not a Wtlver. Any f~rl~earancc by Lender in eaercising any right or remedy hete~mder: or otherwise afforded by appiicabk law, shall not be a waiver of or preclude the exercise of any such ti~ht or remedy. The procurcment of insuranoe or the payment of ta!ces or other liens or charges by Lender shall rat be.a waiver of La~der's right to scceknte the maturity of the indehtednesx secured hy this Mongage. ~ 12. Rawedks ~mulatl~e. All rcmedies pravided in this Mortgage are distinct and cumulative to any other risht or ` rcmedy under this Mortgage or affordcd by law or equity, and may be exercised concurrcntly, independently or successivdy. ' 13. S~ece~ors awd Assi~s ~ousd: ~t a~ Se.eral 13a6i~fy: Captbas. The covenaats ar~d asreeanenti hercin contained shall bind, and the rights hereundeT shall inur~ to. the respective succassors and assigns of Lenckr apd Borrower. subjoct to the provisionc of paragraph 17 hereof. All eovenants and agrcements of Bonower shall be jar~ and several. The captions' and headings of the paragraphc of this Mortgage arc for convenience only and ue not ta lie uxd to interpref or define the provisions hercof. ' 14. Notice. Except for any notice rcquired under applicabk taw to be given in another manne~. (a) any notice to Borrower pruvided for in this Mortga¢e shall be given by mailing such notice by certifled moil addrcssed to BoROwer at the Property Address or at such other address as Bormwer mav designate by naice to i.ender as provided hercin. and ` (b) any notice to Lender shall he given by certified mail. rctum rcceipt rtquested. to i.enders addras stated heroin or to i such other addras u Cender may decignate by ne~tice to Borrovrer as pmvided hercin. Any notice provided for in this : ~ Mongage shall be deemed to have been givrn to Borrower or Lender when given in the manner designated herein. . IS. Udtor~~Mart~e: Co~erais~ I.aw: Se~crability. This form of mortgage combina uniform oove~ants for natia~al ~ use and non-uniform covenants with limiteci variations by jurisdiction to comtitute a uniferm sxurity instrument ooverina . ~ real property. 'I7~is Mortgage shaq be ~eoverned hy the law of the jurisdiction in which the Property is located. 1n the ' event Ihat any pmvision or clause of thic Mortgage or the Note conflicts with applicabk law. such conflict shall not aRect ' other provisions of this Morigage or the Ncue which can be given e~ect without tha oonAicting provision. and to this ~ ~ end the provisions of the Mortgage and the Note arc declarcd to be sevenbk. lf. ~onower's Co~y. Borrower shall be furnished a conformed cop}• of the Note and of this Mortgage at the time s of ezecution or after recordation hercof. ~ ' 17. .Trsesfer of ti~e Tro~ertr: Ass~mptiow• 1f all or any part of the Property or an interat therein is sold or mnsferrcd ~ by Borrower without I.ender's prior wrinen consent. excluding (al tht creation of a lieo or er~cumbrance subordinate to this Mongage. (b) the crcatum of a purchace money security intcrest for household appliances. (c) a ttanster hy devise. des~xnt or by operation of lavrr upon the death of a joint tenant or (d) the grant of aoy kasehold interat of threc ycan or kss not containing an option to punhase. Lender may, a~ Lender's option, declare all the sums ~ecurcd br this Mortaage to be . immediately due and psyable. Lender shall h~ve w•aived such option to accelerate if, prior to the cak or transfer. Lender and the person to whom the Properly ic to be colJ or transferrcd nesch agreement in writin` that the crcdit of cuch pe~son is satisfactory to Lender at~d that the inlen~t payabk on the sums secured by this Mortga`e shall be at such rate ac Lender shall requat. if Lender hu waivod the option to accelerate provided in this paragraph 17, and if Borrower's successor in interat hu executed a writteo auump~ion agreement acceptod in writing by i.ender. I.ender shall release Borrower frc~m all oblijations under this Mortgage and the Nae. Tf i.eeder exercisa such optioo to accelerate. Lender shall mail Borrower notice of accekration in accordanc~ w•~th pua~raph 14 hereof. Such notia shall provide a period of not las than 30 days from the date the notice is maikd within which Borrower may pay the sums doclared due. It Borrower tails to pay such sums prior to the expintion af cuch pcriod, . Lrnder may. without further notice or demand on Borrower. invoke any~rcmodia permitted by panaraph 18 hercaf. _ Non-UHt~t?t CovEN~t~rrs. Borrower and l.ender further rnvenaet and aaree as fdlo~ws: - 16. Aecekntio~ Rewedks. Faceept as provMca i~ pu~ 1'f be~eot. ~o~ lornwe~s Meaeti o[ awy ce~ewM K u~ aRss~t at lorrower ~ d~k Mo~a~c. ~L tre corewsMs to p~y wMe~ ~e aq s~s~ uc~r~i b tYs Mo~e• I.e~~ ~ ~ior b seedentlo~ sW ~saY ~otkt to fon~o~+er as ~o~ided b pra~ra/L 14 rereot s~ecl!)'I~Ls p) t~e re~escM: ~=t ~k ~ ~ b c~e s~ Meac~ t3) ~~e.. ~ot lea tia~ 30 dars irnw tUe aate tl~e ~otfee r~ te Merow~er. b Rhkti s~eY ~ ~eacti ~rt be cw~ a~i (4) t6at taH~ee Io a~e arcM MeacM u~ or retae tl~e aate ~ot tMe Tru~erty Mtiee ~ seeekraNo. at !~e a~t sec.rea by ehls Mo~.Re. t.redow~e h i~ N°~°L , ~ t1~M trrlrer isfas 1or~owe~ o~ tre riRM b r~shte ~fler aeceleratiow a~ t~e ~¢t b areei h tl~e toreelepne woese~ ttie ~ow~e:We~ce ot a~s~lt or aq a~ ~et~~e of soRO..er ~o scce~ano. a~i torecbwee. N Me 6rcx~ i~ ~el cs~ei w ~ ~ 6etore tMe aMe q~cfki i~ tMe ~otice. t.cwdcr si I_e~der's opio~ ~ry aeelare aM d tl~e wss ~eeve~ ~ 11ib Merf~a~e N 6e irse~r ~e a~i py~Me ~?ilrort f~rther dei»and a~d w~' fotetlou tWt Me~aLe y' j~ikrl N'oteedi~R. Ltnder s1uY ~ 6e ~i te a~oMet i~ s~cY reeece~ ar e:peases of foreclosrrc. i~el~i~~. 6~t ~ot MNei M. eea~o~aibie sttweeYs fees. ~ a¦~ owit ot ioc~.''re~tarp e~i~e~ee+ a6rirscls wi titk ~e~o~b. ~ 1!. i~to~wa's R~t te Rei~tate. NcxwithstandinE Lender s scakntion of the swns secuted by ~h~s Mort~sse. Borrowu shall have the risht to have any proceedings begun hy Lender to enfora ihis Mortaa~e discontinued ac any time ~ ~ ' ~ ~noK ~U2 :t,~~ 778 ~ ~ ~ _ - - _ , rt _ ~ "~~-.~~3=.~ ~~r..~.'!~ = ~ _