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Home My WebLink About0602 l.e~der i wrilten agrceme~t or applicabk (aw. Bwrower shall pay the amouM ot all moNgage i~surarue premiums in tAe ma~ner p~ovided unde~ paragroph 2 heroof. Any amounis disbursed by I.cnJe~ pursuant to this paraa~aph 7, with intercst therea?, shall beccxne additional indebtcdness of Borrower securcd by this Mongage. U~less Borrower and 1_tnJe~ agree lo other temu of payment. such amounts shall be payat?le u~o nc~tice frc~m I.ende~ la Bor~ower roquestiog payment Ihercof, and shali bear intercst frotn the ~ ~ date of disbursement at the ntc payahk from time to time an outstanding priocipal unde~ the Note tmless payn~ent ot ; interesl at such nte would be cont~ary to applicabk law, i~ which event such amounts shall bear interest at the hi~ rate = permiuibk under applicabk law. Nalhing ccx~taincd in this parag~aph 7 shall rcquire i.ender to incu~ any expenfe or idce ~ ar~y action hercunde~. a. I~eclio~, I.ender may make or cause ta be made rcasonabk eotries upon and inspections of thc Property. provided that t_ender shall give Borrower notice prior Io aey xuch inspection specifying r+easonabk cause therefor rtilated to La~dePs r interest in the Property. ~ 9. Cosdew~aatb~. The proceeds ot any award or claim for damages, dircet or consequerttial, in connection Mrith any condemoatiw~ or aher takiog of the Property, or part thercot, or fo~ conveyance in lieu ot coodemnation, are he~? astiatred ` ~ and shall be paid lo ~ender. - j in the event of a total taking of the Propeny. the proceeds chall be applied to !he sums securcd by this Mwtaa~e. } with the ezcess, if any, paid to Borrawe~. In Ihe eveM of a partial taling of the Pnoperty. unkss Borrower and La~der ; othervuise agrce in writing_ therc shall be applied ta the sums securcd by thjs Monaage such proportion of the proceeds ~ u is equal to that proportio~ w•hich the amoun~ the sumc secu~ed by this Mortgage immediatcly prior to the ds{~e ot taking bears to the fair market value of the Property immediately prior to the date of ~aking, with the balar~ce of the pmcaeds ~ paid to Bor~+nwe~: ~ 3 If the Property is al~andoned by Bo~:ou~er. or if. after notice by Lende~ to Borrowe~ that the condemnor ollers to ms~e i an award or xttle a claim for damages. Borrawer fails to respond to I.end~r within 30 days after ~the date such notice a • maikd. Lender ic authorized to callect and apply ~he proceeds. at i,ender's option, either ~to restoration or repair of tba Propeny or to tht sums sccured by this MortRalte. Unless Lender and Borrower otherwice agree in writing, aay such application of prc~ceeds to principal shap not exta~d . or postpone the due date of the monthly installmems ~eferrcd to in p~aragraphs 1 and, 2.hereof or change . the amouat ot such installments. ~ • - ' . . . lA. aorrowe~ Not Rekased. Extension of the time for payntent `dt"4riodi~lcation of amortizstion of the sums aecu~+ed by this Martgage granted by Lender to any ~uccecsor in interest of Borrawe~ shall not ope~ate to rckue, in any mannet. the liability of the o~ginal Borrowe~ and Bc~rrower s succasors in intercst_ Lender shall not be requircd to canmenoe proceedi~gs against such successor or refuse to extend time for payment or othenvise modify amortization of the sums secured by this Mortgage by reuon of any demand made by the oriainal Bonowe~ and_ Borrower': successors in intercst. 11. Forbearaace by Lcwder Not a Wdver. Any fort+earance by Lende~ in exercising any right or rcmedy heretmder, or othervvise afforded by applicabk law. shall ne+t be a waiver of or preclude the exercise. of any such right or amedy. 7?ie proaaement of insuranoe or~the payment of taxa or other liens or charges by Lender shall riot be a waiver o[ Lender's right to accelerate the maturity of the indebtedness cecurcd 6y this Mortgage. tt Rawedjes Ca~elaft~e. Alt rcmedies pmvided in this Mortgage arc distinct and cumulative to any other ri6ht or rcmedy under .this Mortgage or afforded hy law or equity, and may be exercised concurne~t_ly, independently or successivdy. ' 13. S~ccesrois awd AsdR~s loand:.Joiwt a~d Se~e~al iLbilky: CapHoAS. The covenaats aed agreements herei~ containcd shall bind, and the riRhts hereunder shall inur~ to, the respeclive wcces.wrs and auigns of Lender st~d Borrowe~. subjoct to the provisionx of paragraph 17 h~reof. All covenants and agrcements of Borrower. shatl be jaM and several. The captions' and headings of the paragnphc of this Mortgage arc for convenience only and are not to tle uxd to inte~prct or define the provisans herec~f. 11. Nofke. Except for any notice rcquired under applicabk !aw to be given in another manne~, (a) any ~wtice to s Borrower pSovided for in this Mortga~te shall be given by mailing such notice by certified mail addre.ssed to Borrower at ~ the~ PropeRy Address or at such wher addresc as Borrower may designate hy notice to i~nder as provided hercin, and (b) any notice to Lender shall he given hy certiRed mail. return rcceipt roquested. to i.enders address stated herein or to such other address u Leoder may decig~ate by notice to Borrower u provided herein. Any ratice p~ovided for in this Mortgage :hall be deemed to have been given to Borrower or Lender when given in the manner desianated herein. ~ IS. Uwitona Mort~e; GorerniaR Law; SeversbQity. This torm of mortgage combines uniform covenants for national use and na~-uniform covenants with limiteci variations hy jurisdiction to constitute a uniform security ~nstruinent ooverina ral property. 'Il~is Mortgage shall be govecned by the law of the jurisdiction in which the Property is located. In the event that any provisian or clause of thic Mongage or the No~e conflicts with applicabk law, such confliet shall not atioct other• provisions of this Mortgage or the Note which can be given e~ect wilhout the conflicting Ptovision, and to this _ 'i end the provisions of the Mortgage and the Note arc Jeclared to be sevenble. lf. Eortower's Co'y. Borrower shall bc furnished a conformed ~,op~~ of the Note and of this Mortgage at the time of exceution or after recordation hercof. ' ` 17. .Trs~ter of tbe Tr+o'erty: As~u~nptioa. (f all or any part of the Property or an interest thercin is sold or transferred ~ by Borrower without Lender's prior written consent. excluding (al the creatan of a lien or encumbnnce subordinate to € this Mortgage, (b) the crcatu+n of a purchace money security interat for household applianas. te1 a tnnsfer Mr devi~e, - ~ desoent or by opention of law upon the dcath of a joint tenant or (d1 the grant of any kasehold interat of threc years or kss ~ not rnntaining an option to purchase. Lender may, at Lender c option. declarc all the sums sxurcd by this Mortgage to be ~ ; immediately due and payable. Lender shall have vvaived such option to sccelerate if, prior to the cak or transfer. Lender ; ~ and the person to whom the Propeny ic ta be «?W or transterrcd reuh agrctment in writin~ that the crcdit of such perxa~ ~ ; is satisfactory to Lender and that ~he intercu payable on the sums secured by this Mortgage shall be at such rate ac Lender shall rsquat. i[ Lender has waivod the option to accelerate provided in this paragraph 17, and if Borrower s succasor in ; ~ interat hu esxuted a written assumption agreement sccepted in writing by i.ender. Lender shall rckase Borrower frcxn all - e oblijations under this Mortgage and the Nota . ~ If Lender exercises such option to acce{ente. Lender shall mail Borrower notice of accekration in accor+dancz ++•i~h puajnph 14 hercof. Such notice shall provide a period c+f not less than 30 days from the date the nolice is mailed within ; ~ which Borrower may pay thasums declared due. it Borrower (ails to pay such u~ms prior to the expintion af cuch perie~d. ~ ~ Lender may. without further aotice or demand on Borrower. invoke any remedia permitted by paraaraph 1R hercc~f. k . ~ Na~-Ut+tFOaM CoveNerns. Borrower and Lender further rnvenant and s~ree as fdlo+vs: ; ~ li. Accdeatlos: Rea~eafa. Euep a~ prorWed iw pra~ra~ 17 bereat. ~ Sorro~wers breae~ ot ~wr eo~ewt K ~ ~ a~ree~e~t ot 1~rswer i~ t~k Morl~c. i~ci~i~i tre co~e~ts to py whe~ ~~e a~y s~au tetrnei b! t1~Y Mort~e. La~er 3 • Rfor b~cceleatlo~ s~aN ~dl ~oUce to ~orrvwer as ~o~We~ iw pra~npM 14 Mereot yeck~[: (1) t~e ~eacU: (2/ t~c setlo~ ` rq~ lo c~re ncM b~eacr: (3) s ~Me. ~ot les tlw 30 Aays t~ tMe aate tre ~Wke r~Iled N~oerower. b M'Uk6 s~ g .laaeY ~t be c~ a~i (1) t~at taiWre a e~s scl~ rreacM o~ or retae tbc dale s~ailiei b el~e ~otfee ~ay ~tsrlt 1~ .ocdende. at ~e san ,ee.eei sy uts Ntor+;a~e. roree~owre H i~~ N'~~~s a.a ak et tlie hopcrty. 7Le ~otke : q _ ~ tiutrer 4tor~ 1o~eower uf tre ~t a~te afrer accekntlo~ s~ tf~e ~t to a~e~t iw tl~e toreeloane Moeeei~ d t~e ~or~We~ce d s~efnN or a~ dl~ ~efease of eoROwer to ~ccekratbw a~d to~eclowre. N the Meac~ M~ot e~r'ti e~ ~ or betorc tbe iMe qeefli~i i~ tMe uotice. Lewdcr sl [_esder's optb~ decdr~e a/ ot tMe s~~s. ~eerrt~ iy IAr Mo~t~ICe M ~e ~ iwwe~lely drt aw/ pys~le w'itbN tatber dan~nd and msy /ereclote 11~ Mo~f~e h' j~ieW ~roteedi~R. i.ende? ~Mall ~ > ~ be e~tltki to toYett b srt~ Nottedi~ d esptoses ot forcclosrre. M~tlrii~. Mt Mt ~ M. ~ea~o~aMe snurwer's ftes. 3 ~ a~i eerls ot dot.~e~tar7' r'ide~ce+ ~ a~i litk reprb. ° i!. ~o~e~owa's Ri~Yt t~ Refrlate. Nawi~hsanding Lender s acoekration of the sums secursd by ~h~~ M~rtas=e, s ' 8orrowu shall bave the risht to have any prceeedinRs hegun hy Lender to enfores this Mort6age discontinued at any time ~ ~ ~ 3 ~g~7 ~~1~ ~ ~ ~ ecK e~~uv vACE 6u ~ ~ . _ _ _ _ _ - ~ ~ ~ ,,.,.r.~;~~"-"^:~.. { : F ~L~•~,:.: _:<i . _~r~