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Home My WebLink About0570 . , . , 4ender's written sgreement or applicabk law. Borrowe~ ahall pay the amouRt of all matsa,e insuranoe Praniuda in the : manner provided unde~ paragnph 2 hereo[. Any amounts disbu~sed by Lenckr punuant to tha paragnph 7. with iatet~est therooo. shall become sdditional ; inJebtedness of Borrowc~ secured by this Mongage. Unless Borrowe~ and l.e~ckr agroe to ot h e~ ternu o f ~~?me M. s u c h amounts shall be payabk upon nc~ticc fmm I_cnder to Bo~owc~ rcquesting payment thereof, and shall bea~ intetest [ran the ; date of disbursement at the ~te payable f~om time to time on ait:tanding principal under the Note unkss papmeot ot ` interat at such rate would be cantrary to appticabk law, i~ which event such amounts shall bea~ interest at the hi~ rate penniasibk unde~ applicabk law. Nothing containod in this paragnph 7 shall require l.ende~ to incur a~y eacpews or take : , any action hereuader. : S. l~apectioo. Lender may make or cause to be made reasonabk eolries upon and iospections of the Propeirty. pro~ided , that i.onder shall give Borrower notice priAc to any such inspection specifying reasonabk cause theretor rclatod to I.ender's ' interest in the Propetly. ~ 9. Cowdemwtbu. The praceeds of aoy award or claim for damages, direct o~ rn~sequential, in connection with any ~ cor~demnatioo o~ dher taking of the P~operty, or paM therec~f, or for conveyance in lieu of condemaation. are heeeby assisned and shall be paid to i.ender. ~ in the event of a total taking of the PropeNy. the proceeds ~hall be applied to the sums sccured by this MoKgage. _ with the excess. if any, paid to Borrower. ln the cvent of a partial taki~g of the Property. unkss Borrower and I~der otherwix agree in writing. ther+e shall be applied to the sums securcd by this Mortgage such proportion of ihe pme~eda as is equal to that proponian w~hich the amount of ~he sumc secured by this Morigage immediately prior to the date of taking bears to the fair markN value of the Property immedialely prior to the date of taking, with the balance of the pmceods paid to Borrower. ~ if the Pmperty is aha~dooed by Borrower, or if. atter notice by I.ender to Born~wer that the condemnor.otfers to maite an award or settk a claim for dam~ges, Bormwer failti to respond to i_ender within 30 days after the date such notice is maikd. Lender ic authorized to callect and apply ~he procceds, at I.ender's option, either to restoration or repair of the ~ t Propeny or to the sums securcd hy this Mortgage. , . Unless Lende~ and Borrower otherwice agrce in N•riting, any such applicatian of p~oceeds to principal shall not extend or postpone the due date of the monthly installments reterrcd ta in paragraphs 1 and 2 hereof or change the amount of a such installments. ~ 10. Eorrower Not Rekased. Extensio~ af ~he time for payment or moditication of amortiution of the sums secured by this Mortgage granted by i_ender to any ciKCecwr in intcrcct of Borrower shall not operate to release. in any manner. - the liability of the original Borrower and Borrnwer's succesuxs io interest. Lender shall noi be requircd to commence proceedings against such successor or reft~xe to ertend time for paymtnt or otherwise modify amortization of Ihe sums secu~ed by this Mortgage by reason ot any demand made by the original Borrower aad Borrower s successors in intercct. ll. Forbearance by i.ender Not s Waiver. Any forhearance hy t.ende~ in exercising any right or remedy hereunder, or otherwise aBorded by applicable law. shall not he a waiver of or proclude ihe eaercise of any such right or remedy. 'il~e procurement of insurance or the payment of taxcs or other liens or c~arges by Lender shall not be a waiver of Lender's right ta accelerate the maturity of the indebtedness cecured hy this Mortgage. l2. Reiaedies Cumuhti~e. All remedies provided in this Mortgage are distinct and cumulative to any other right or- ~ rcmedy ~mder this Mortgage or aftarded hy law or equiry, and~ may be exercised concurrenUy. independently or successively. ' 13. Succe~o~s and Assi~os Eoand: Joint and Sereral [.iabilNy; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender apd Bomowe~. subject to the provisions of paragraph 17 hereof_ /111 covenants and agreements of Borrower shall be joiM and several. The captions and headings of the paragraphc of this Mortgage are for convenience only and ane not to be u~ed to interpret or define the provisions herec~f. 14. Notke. Eacept for any notice reyuired under applicable law to be given in another manner. (a) any notice to Borrower provided for in this Mortga¢e shall be given hy mailing such notice by certifled mail addressed to BorroM+er at the Property Address or at such other addres.a as Bormwer may designate by notice to T.ender as provided herein, and (b) any notice to Lender shall be given by certified mail. return receipt requested. to i.ender s address stated herein or to such other address as Lender may decignate b~~ no~ice to Borrower as provided herein. Any notice provided for in this Mortgage shall be deemed to have bcen givcn to Bc+rrower or Lender when given in the manner designated heroin_ 15. Uniform MorlRa~e; Governin~ Iaw: Se~'crabilitv. This form of mortgage combines imiform covenants for national use and non-uniform covenanls with limited varia~ions hy jurisdiction to constitute a unifortn security instrument covering I 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 shal) not aRect j other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and ta this i end the provisions of the Mortgage and the ?~ote arc Jeclared to he severable. f ~ 16. Eorrorre~s Copy. Borrower shall be furni~heJ a confarmed copy of the Note and of this Mortgage at the time of execution or atter recordation hereof. . 1~. Transfcr of the Property: Assump~ion. If ali or any part of the Property or an interest thercin is sold or transferred by Borrower without I.ender s prior writtc~~ consent. excluding lal the creation of a lien or encumbrance subordinate to this Mongage. (b) the creation of a purrhace m~ner ~ecurit~~ interest for household appliances. (c) a transfer hy devise, descent or by operation of law upon the Jeaih of a jomt tenant or (dl the grant of any leasehold interest of threc ycars or less not containing an option to purchase. Lender may. at t.ender't option, declare all the sums secured by this Mortgage to be immediatety due and payable. [.ender shall have N•aired such option to accelerate if, prior to the zale or transfer. i_ender and the person to whom ihe Property i~ to be :oIJ or transferred reach ag~eement in writing that the c~edit of ~uch percon is satisfactory to Lender and that the interr~t payable on the sums secured by this Mortgage shall be at such rate ac I_ender shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower s successor in interest has executed a written assump~ion agreement accepted in writing by I.ender, Lender shall release Borrower from all obligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordanc~ ~~~~~h paragraph 14 hercof. Such ootice 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. It Borrower fails to pay such sums prior to the expiration of ~uch period. [.ender may, without [urther notice or demand on tiorrower, invoke any remedies permitted by paragraph 1R hercof. ~ Norr-UrrtFOR~t CoveNeN'rs. Borrower snd Lender further covenant and agree as follows: ~ 1& Accele~bo; Remedies. E:cept as provided ia paraRraph 17 6ereot. upo ~orrower's brracM of aey co~eaant or a~ree~t ot Eorrower ia t6is Mortgsge. includin~ the corenaafs lo pay r?hea doe any snms secored br this Mortgs(~e. i.endcr - ~ prior to ateekr~tloo shall mafl eatice to S°R°wer as provWed in pan~raph 14 henot specifyiu~: (1) the bn~cb: (2) the actio4 ~ reqoired to c~re seel~ 6rescb; (3) a date, not kss than 30 dsys from tbe date tbe notice i~ a~ailed fo don~ower. by whicb suc6 beacb most be crred: snd N) ~ure to cnre such b~esch oa er bcfore the date speci6ed iw the notke may resdt in ~ accderatba of tbe wma ~ecared by tbis Mortga~e. toreclowre by jodkial proceedtu` sod sde of tbe Properq. 7be notke ~ shafl fnrther iaform DoROw'er of tbe right to reinshte after sccekration and lbe ri=bt b asseN in t~e foreclosure proce~K tbe uoa.esisteaee of a detaak or aay other detcnse uf Borrower to accekratbn aed forecbsure. IE the 6resch ~s eot cored oa u ~ or beton the date speci~ed ia the aotice. l.ender at t.ender•s option may decbre ~ ot the ~e~s secnred bp tl~ Mort~aRe b ~ immedi~tety due aad psysbk aitlwut further demaod and m'y forecbse t6is Mo~a`e by judicid ProetediWC• i.ender shal! b p~oceedin~ aN e:penses of toreclosure, iaclndi~, bnt eot Waited to, reasonable att~,rnev's fees. ~ aod cous of docn~otatary evideect, ~bstracts and titk reports. 19. Dorrower's Rl`ht to Re~siate. Notwiths~anding l.ender s acceleration of the sums secured by ~h~s Mortgage, ~ Bonower shall have the right to have any proceedmgs bcgun hy 1_ender to enforce this Mortgage discontinued at any time ~ ~ ~ ~ s00K JVe3 PACf 5~ ~ - _ _ - - _ ~ y~ ~ ~ ~ ~ ~ _ r. ~ _ _