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Home My WebLink About0564 l.ender's written agreement o~ applicabk law. Borrowet shall pay the amount ot a!1 mottga~e insurancE premiums in lbe ~ manoe~ p~ovided unde~ parag~aph 2 hereot. , Any amounts disbursed by I.enJer pursuant ta this pa~agraph 7, with interat thercoo, shall becane additiooal indeb~ednc~ss of Borrowcr securcd by this Mongage. Unlest Bor[ower and l_e~der agree to othe~ tertns of payment~ such amounts shall be payabk upao nc~ice fre~m 1_ender to Borrower requesting paymenl thercot, and shall bear interest tron~ th~ ' date of disbursement at the ratc payabk frc~m time ta time on adstanding p~incipal under the Note unlas ps~t ot intercst at such rate wauld be contrary to applicable law, in which event such amounts shall t~ear intet+esl at the hial~t rata permiuibk unde~ applicabk law. Nathing contained i~ this pa~agraph 9 shall rcquire I.enck~ to incur aay ezpense or Ulte any action hereu~der. s. t~spectio~. l.ender may make or c~use to. b~ m~de rcasooabk enlriet upon and inspections of the Propertp. pmv~ded thal l.ender shall Rive BoROwer ndice p~r~to any such inspcclion spocitying rrasonabk cause thercfor rctatod to I.a~ders interest +n the Property. 9. Coedea~~atba. The proceeds of any award or claim to~ damaga. direct or consequential, in rnnnectloo ~rith any condemnation or other taki~g of the Property, or part thercof, or for conveyance in lieu of condemnation, are he~eby auianed and shall be paid to Leoder. ln the event of a total taking of the Ptopeny. the procecds chall be applied to the sums securcd by this Morttaae. with the eacess, if any, paid to Borrower. ln the event af a partial Iaking of Ihe Property, unless Bomnwer and t.ender - othenwise agree in writing. therc shall be applied to the cums secured by this Mongage such propation ot the prooeed~ as is equal to that propoAion w•hich the amount of ~hc sumc xcured by this Mortgage immediately prior to ihe date o~ taking bears to the fair markst vaiue of the Property immcdiately prior 1o the date of taking, wilh the balanoe of the preceeds paid to Borrower. ~ If the Property is abandoned by Bor:ower. or if. afte~ notice by ~ender to Bora~wer that the condeennor oRe~s to mate t an award or settle a claim for d~mages, Bc.rrower fails to respond to l.ender wi~hin 30 days after ~the date such notiae is ma~kd. Lende~ ic authoriud to collect and apply the proceeds, at l.ender's option, either to ratoration or repair of tl10 Propeny or to the sums secured hy this Mottgaite. Unless Lenckr and Borrower wherwise agree in writing, any such application of proceeds to principal shaq not exhod or postpone Ihe due date of the monthlv inst~llments referred to in paragraphs 1 and 2 hereof or chanae the amouot of s such installments. 10. Sorrower Nof Rdeased. Extension of the time for payment or moditkation of amonization of the sums aecared by this Mortgage granted by Lender to anjr cuccecsor in interest of Borrowe~ chall nw operate to rekase. in any mapner. the liability of the original Borrower and Bc?rrower's successors in interest. Lender shall not be requircd to commenoe proceedings agairut such successor or rcfuse to extend time for payment or otherwix modify amortizstion of the sums secured by this Mortgage by reason of any demand made by the oriftinal Borrower and Borrower's successors in iMercst. 11. Forbarace by I.eader Not a Wai•er. Any for~+eannce by t.ender io exercising any right or remedy hereimde~. ot otherwise aftorded by appticabk law, shall nc~t be a waivet of or preclude the exercise of any such right or remedy. The procurement of insuranoe or the payment of taxes or other liens or charga by Lender shall not be a waiver of i~ender's right to accele~ate the maturity of the indebtedness cecurcd hy this Mortgage. _ 12. Rewedks Cae~hN~e. All remedies pmvided in this Mortgage arc distinct and cumulative to any otMr riaht or rcmedy tmder this Mortgage or aftorded hy law ar equity, and may be exercised eoncurrently. independently or succtssivety. ' 13. S~ccearws s~d AssiR~s soasd; .Joiwt ~d Se~ed i.isbility: CaPtio~s. The covenants and aareeaxnts herein ~ contained shall bind, aod the rights hereunder shall inorc to. the respoctive successors and assigns of Lender sad Borrower. - subject to the provisions of para~raph 17 hercof. All covenants and agrcements of Borrower shalt be jdr~ and sevenl. The captio~s' and headings of the paragrophc of this Mortgage are for conve~ience only and ue not ta !ie wed to interprct or define the provisions hercc?f. ~ - 14. Notke. Except for any ncuice rcquircd under applicabk law to bs given in another manner, (a) any notice to Borrower provided for in this Mortgage shall be given by mailing such notice by certifled mail addrcssed to Borrower at - the Property Address or at such dher address as Borrow~r mav designate by notice to T.ender as provided hercin, and (b) any notice to Lender shall he given by certified• mail. return rcceipt rcquested. to t_endec's addras stated herein or to such other address u Lender may decignate by notice to Borrower u provided hercin. Any notice prnvided for in this Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner desitnated herein. 1S. U~~onw MortRaRe; Goren~iiqt Lar.: Seversbqity. This form of mongage combina u~iform covenants for national use and ~an-uniform covenants with limiteii variations by jurisdiction to corutitute a uniform aecurity instrument ooverin~ rea) 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 afFeet other provisions of this Mortgage or the Note which can be given effcet wi~hout the conAictina pmvision, and to this ; end the provisions of the Mortgage and the Note are declarcd to be severabk. ! 16. ionower's Co~y. Borrower shall bc furniched a conformed rnp~' of the Note and of this Mortgaae at the time ~ of execution or after recordation hereof. 17. .Tra~fer of twe troperty: As~omp~io~• tf alt or any part of the Property or an interest thercin is sold or tnnsferred ~ by Borrower without Lender's prior writ~rn consent. excluding (al the creatan of a lien or encumbnnce subordinate to , this Mortgage. (bl the crcatux~ of a purcha~e money xcurity intercst for household appliances. (c1 a transfer hy devise. 5 dacent or by operation of law upon the death of a joint tenant or (d) the grant of any kasehold interat of threc ycars or kss not containing an option to purchase, Lender may, at Lender'x option, declare all the sums xcurcd by thi: Mortgaae to be . immediately due and payabk. Lender shall have w~aived such option to accelerate if, prior to the cak or transfer. Lender and the person to whom the Property ic ta be co1J or transferrcd rcach agreement in writing that the crcdit of such pe~son is satishctory to Lender and that the iMCr~~t payabk on the sums secured by this Mortgage shall be at such nte ac Lender - shall requat. if Lender has waivod the option to accelerate provided in this pangraph 17. and if Borrower s successor in ~ interat hu executed a written assumpeion agretment accepted in writing by I.ender, Lender shall rckase Borrower from all ~ oblj~stions under this Mortgage and the Note. ~ ~ If Lender exercises such option to acce{erate, Lender shall mail Borrower notice of accekralion in accordan~-~ u•ith ~ puatnph 14 hereof. Such notioe shall provide a period of not las than 30 days from the date the notice is maikd within which Borrower may pay the sums declared due. If Borrower tails to pay s~~ch u~ms prior to the expintion nf cuch pericxl, ~ Lender may, without further notice or demand on Borrower, invoke any rerr.edia permitted by pa~raph IR hercaf. • ~ ' Nav-Ut+~FORM CoveNerrrs. Borrower and Lender furthe~ covenant and saree as follo+.s: ~ It. AeederaNo~: Rewedia. B:cept a~ proviacd ~ pua~ra'M 1'f Uered. Row lo~rowe~s bee~e~ ot a~r c~~ea~t ~r ; a~ree~e~t ot to~rower i~ tris Mort=a~e. bcl~i~ !~e co~esMNs to pr wUc~ ~w siy w.. sec~a b ew Morqn~e. I.e~ie~ ~ s ~ior lo ~cceicrNfo~ s~ wuY ~otke to Sonewer as'ro~lasA iw pra~raph 1~ I~ereof qeeUl'I~s (1) Me Mesc~: He aetios rq~ird 1s csre weh M+eacb: (3) a dale. ~ot las dw 30 dsys t~ tbe ~ate tMe wwke b ~Ilei N lonewer. r!' wAki sreb € ~eescr ~rt ~e e~e~ ari (1) tba~t hil~re Io c~e s~rcw M~eacM o~ or ~eto~e tUe date a*eeiie~ b tAc ~Miee way ees~lt i~ , ` aaekrdle~ ot Ire w~s sec~re~ by tti4 Mort~a~e. toreclosrre b l~w M'~[ a~i s~le e1 tie Mpertr. 71e Mtice : j ~ 1 ; sl~ tr~er 6ifor~ >onower ot tre ~IN to rei~stMe atler aceekratbw a~i tl~e e~M/ b reA h tl~e lercelraire ~eoc~e~ { ~ Ire ~ore=aewee at s ~efa~M or a~y al~er /efewse ot eorrm.er to xYeleratlow s~i to[cclowre. H He rrrxM i~ ~et e~ e~ ~ ~ or betore the ~Me s~ee14~ i~ tMe ~otke. I~e~der st l.e~e~'s ortiou ~ declare st d trt s~r sce~u+ci yr tY~ MerlpRe te ie ~.¦Kai~~l~r a.~ ~.~aMe ..~bd r.NMe~ a~m~ra aue w~sy ro~eclae eM. M~I~e ~r j~++~w w+sceea~.R. LMae. .w ~ be e~tltle~ N coreet b sKi ~oceedi~ a/ e:peases of toreclos~er. Vch~. b~t ~M ~tei M. eea~o~aMt sttwerr's fees. ri ee~ts at ioe~'~nMa~7' eriae~ee+ abarscb a~ tftk repeb. : ~ ~o~Owp~s ll~~t te Rd~tatt. NMwifhstandinE Lender's accekntion of the sums securod by th~~ M~rtsa~e, ~ Borrower shsll hsve the risht to have any proceedinRs ~+egun hy Lender to entorce this Mon6see discontinutd at any dme ~ ~ ~I ~ ~ aouK ~03 ~acf 5~ . ~ - - - . - ~ ~ : ~ : 7~µ ~ _ ~~.~"..axr~.. .~v_x . _