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Home My WebLink About0582 l.ender's writte~ agrcemen! or applicabk I~w. Bonower sAall pay the amount ot afl mortgage insurance premiums in the maooer p~ovidcd under puagraph 2 heroof. Any amouots disbuned by I.enJe~ pursuaot to thu parag~aph 9, wi~h interesl thercon, shal! become additional , indeb~edness ot Bo?rowc~ secured by Ihis Mortgage. Unkss Ba~rrower and l.enJer agroe to other ternu of paymeM. such amounts shall be payable upcu~ nc~ice f~om I.ender to Bor~owrr rcquesting payment the~eof, and shall bear intercst traa the ~ date of disbursemeat at the nte payahk trom time to time an outstanding principal unde~ thc Note u~less ps`ynfa~t of iotercst at such nte would be cantrarv to applicable law, io which event such amounts shall t~ear interest at the hi~hest rate permiuibk under applicabk law. Nathing ccmtained in this pangraph 7 shall rcquirc Lender lo incur any eapeme or t~lce any actioo hereunder. . S. I~spectiow. I.ender may make or causeio be made reasonabk eo~~ies upon and inspections of the Properta?. provided that l.ender shall give Borrawer ncuice prior to any si~ch inspcction specitying rcasonabk cause theretor related to I.a~der's ioterest in the Property. 9. Cosdew~wstba. Thc proceeds of a~y award or claim for damages. dircc~ or consequential, in conna.~tion with any ca~demnation or othe~ taking of the Propeny, or part thereof, or for conveysnce in lieu of condemnation. are he~y assi`ned and shall be paid to I~nder. . ~ in the event of a tatal taking of the Properly, the proceeds chall be applied to the sums secured by this Mat~aae, with the excesi, if aoy, paid to Bo~r~wer. In Ihc event of a partial taking of the Property, unkst Bomowe~ and I.eade~ ahenwise agrce in writing. therc shall be applied to the cums secured by thic Mongage such proportion of the proo~a4 u is eqwl to that propoMian vrhich ~he amount of ~he sumc securcd by this Mortgage immediately prior to the date of takina bears to the fair markel value ot tht Propcr~y immediately prior ~a the date ot ~aki~g, with the balanoe ot the proceeds paid to Borrower. ~ If the Property is aharidaned by Bor:ower, or if. after notice by Lender to Borrower that the condemnor oRas to ~nalte +~n award or settle a claim far damages. Borrowe~ t~ilc to respc~nd ta [.ender within 30 days atter the date ~uch notioe is maikd, Lender ic autharized ta collect and apply ~he proceeds. at l.ender's oplion, either to rtstoration or repair ot tbe Propeny or ta the sums securcd hy this Mc?rtgage. ~ Unle:s Lender and Borrower othenvice agrct in writing, any such applica~ian of procecds to principal shall not exta~d or postpone the due da~e ~f the monthly installments rcfened to in paragraphs 1 and 2 hereof or change the amount o[ such installments. 10. Eorrower Nol Rekased. Extension af the ~ime for payment or moditication of amortiution of the sums secur~l by this Mortgage granted by I_ender to any cucces.sor in interest of Borrower shall not opente to rckase, in any manner. the liability of 'the original Borrowcr and Bc•rrower's successon in interest. Lender shall not be required to eommence • proceedings against such successor or refuce to ertend time for payment or otherwise modify amortization of the surta xcured by this Mottgage by teason of ~ny demand ma~ by the oriainal Borrower and Borrower's successors in intercst. 11. Forbearsree by Lender Not s Wsiver. A~y forhearance by Ixnder in exercising any right or remedy hereundcr, or otherv~rise afforded by applicable law. shall not be a waive~ of or preclude the exercix of any such right or rcmedy. The procurement of insuran~e or the payment of taxcs or other liens or charges by Lender shall not be a waiver of I.eedec's right to accelerate the maturiry of the indebtedness ucurcd hy this Mortgage. ~ 12. Rewedks C~unulaN~e. All remedies provided in this Mortgage are distinct and cumulative to any other ri~ht or rcmedy unde~ this Mortgage or atrtorded by law or equitg, and may be exercixd concurrently, independently or successively. ' 13. S~cceson and Assi~~s Sonnd: Joi~t and Se~eral I.bbAity: Cspt~o~s. The rnvena~ts and ageeoxnts herein containcd shall bind, and the rights hereunder shall inur~ 10. the respective successo~s and usigns of Lender apd Bonower. subject to the provisionc of parag~aph 17 hereof. All cove~ants and agreements of Borrower shall be jary and several. The captions~~and headings of the paragraphc of ~his Mortgage arc for convenience only and a~+e not to !k used to interprct or define the provisans hereof. 14. Notke. Except for any nMice rcquired under applicable law to be given in another manner, (a) any notice to Borrower p~ovidtd for in this Mortga¢e shall be given by mailing such notice by certifled mail addressed to Borrower at the Property Address or at such ahcr addresc as Bormwer may designate by notice to i.ender ss provided hercin, and (b) any notice to Lender shall he given by certified mail. rctum rcceipt rcquested, to i.ender's sddrcss ststed hercin or to , such o~her addrcss as Lender may decignate by notice ta Bormwer u provided hercin. Any notice provided for in this Mortgage shall be desmed to have been given to Bc~rrower or Lender when given in the manner desianatod hercio. 1S. U~ona Mort~s~e; Gorenin~ Law; SevcrabNity. This form of mortgage combina unifam rnvenants tor national use and non-uniform covenanls with limited variations hy jurisdiction to constitute a uniform xcurity instrument ooverina r+eal property. This Mortgage shall be govern~d hy the law of the jurisdiction in which the Property is located. In the event that any provision or clause of thic MoAgage or the Note rnnflicts with applicabk law, such conflict shall not affect ~ olher provisions of this Mortgage or the Note which can be given eBect without the conAicting provicion, and to this E end the provisio~u of the Mortgage and the Note arc Jeclared to be severable. lf. Eors+ower's Copy. Bormwer shall be furniched a conformed copy of the Note and of this Mongage at the time ~ of ex~cution or after recordation hereof. 1~. .Trsosfer of fre ho'erty: Assompiiow. if all or any pan of ihe Property or an intercst therein is sold or tnns[e?red by Borrower without Lender's prior writ~cn consent. excluding (al the cr+eatan of. a lien or. encumbrance wbordinate to ~ this Mortgage. (b) the creat~cx~ of a purcha~e money cecurity interest for household appliances. (c) a transter hy devise. descent or by opention of law upon the death of a joint tenant or (d) the grant of any kasehold intercst of thrce years or kss ~ not containing an option to purchase, Lender may, at Lender's option, declarc atl the sums aecured by this Mortgage to be ~ immediately due and payable. Lender shall have w••rived such option ~o accelerate if, prior to the cak or transfer. Lender and the person to whom the Property ic be cc?IJ or transferred rcach agrcement in writin` that the crcdit of cuch perwn . is utisfactory to Lender and that ~he inter~.t payable on the sums secured by this Mortgage shall be at such rate ac Lender shall requat. If Lender has waived the option to accelerate provided in this paragraph 17, a~d it Borrower i succasor in interat has executed a written assumption agreement accepted in writing by Lender, Lender shall rekase Borrawer from all obli~ations under this Mortga6e and the Nae. ' If Lender exercises such option to acceterate. Lender shall mail Borro~ver notive of accekration in accordancc w•ith puajnph 14 F~ereof. Such notice shall provide a period c+f not las than 30 days from the date the notice is maikd within which Borrower msy pay the sums declared due. If Borrower fails ~o pay such u~ms prior to the expintion af cuch pericxi. ~ Lender may, without further notice or demand on Borrower. invoke sny remedia permitted by para=nph 1 R hercc~f. ~ Non-Ux~FatM Covep~rtTS. Borrower and Lender turther covenant and a~ree as follows: li. Acedsrat~o~: Re~edks. E:cep a~ providcd Iw Mr~ra'li 19 bereof. ~ fon's~a's Meac~ of a~r co•enN K ~ aQee~t ot ion~awer 1~ t~ Mo~a~e. Mc1~L tAe ew~e~aats to p~y wwe~ ~e a~y s~ais s~csre~ yr tMl~ Mo~a~e• l.es~er ~ior 1o scede~allo. sl~i .aN .otice eu au.rower a~ pro~ia~a b prase~l~ 14 Yereo[ ~scltyi.s: eq I~e brescM: tUe .etiow ~ ~e~ird Is cs~e we~ MeacM: (3) s~e. ~ot les 1~ 30 aays f~ tre aate trc ~otice Is aNed to le~ower. ~ wMki s~ei ; Y~Sae~ ~rt re ewe~ a~i (1) dat f~re to erre wcU kescl~ o~ or reEoee the d~le qaYe~ i~ tUe ~Mke ~sy ~esrN i~ aceekrati.. at tre ,~e .ec.rd br etiM Ntort~,~e, te.eelo~.~ y~ iYaichl'r~oese~MS a.i dr ot nK tro'e~ry. 'n~ ..eice a sW t.~rier bfor. ~otrower ot d~e ~M a~e at~ sceekraeiow ~~e rl¢~ ro a.eM h d~e to~eelowre ~rseee~.t ~ ~ie ~ow~esiaewee at s ieta~lt or a~r otier aelease ot sorro..e* to ~cceleratio~ a~i roeeciowue. N twe breael~ i~ ~wt c~d o~ ~ or 6doet We aMe s~etfier i~ t~e ~otkt. Ltwder a1 [.e~der's opiow uqp dcci~re ar ot twe wr setrrei r!' tMfs Moet~e Is ~e ~ i~ely ~re a~i prabk w'itlad trrlber de~n~nd a~d msy toreebst tMb Mortt~e h' j~icW N'oesedi~R- Ltnder s1uM- & be e~Mtle~ t~ co8ect i~ wt~ ~e~uttedit~ si tspc~sa of forec{ostnt. i~eh~di~+ b~t Nt ~wils~ N. rearo~sbie sllnrwer's fees. ~ a¦i eMlt ot i~e~..-~eMary ~ide~ce+ sbarscls a~i Iitk rcprb. ~ 1!. i~es~awa's R~lt t~ Reirtate. N~twithsandinE Lender s aoakntion of the sums secu~ed by ~h~~ Martaaje. ~ Horrowa shsll have the right to have any prceeedings he~un hy Lender to eo[orce this Monga~e discontinued at any time z ' ~oax 3U3 ~~~f 581 ~ ~ ~ ¢ ~ ~ - . . - - - - - - - ~ ~ ~ j ~ a~~~~~=~f~