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Home My WebLink About0624 Lende~'s written agRemenl or applicabk I~w. BorTOwer shall pay the amount ot ail mortgage insurance Qremiums in tAe maener pravided under paragtaph 2 heroot. Any amounts disbursed by I.e~Jer punuant lo this patagraph 7, with intercst thercoo, shall become additional i~deblcdness ot Bottowc~ secured by this Mortgaae. Unless Borrower and I.emier agrce to othe~ tertns ot paYment, wch amounts shall be payal~k upon nolice f~om I.ender to Borrower requating payment thereot, and sfiall bea~ inte~e.tt frotn the date of dixbursement a~ the nte payahk from time ta time an outsuoding principal under the Note unkss pa'ymaK oi intercst at such rate would be contrary to applicablo law, ip which event such amounts shall bear interest at the hi~ rate permiuibk under applicabk Isw. Nathing ccu~tained in Ihis pangraph T shall require l.ender Io incu~ any expeme or talce any action hereunder. S. laspectisw. I.ende~ may make or cause to be made rcascx~abk entries upon and inspeclions of the Property. providod ' that l.ender shall give Borrower nMice priar ta any such inspection specitying reasonabk cause therefo~ rclated to La~ders interest in the Propeny. 9. Co~demsatba. The procecds of any award or claim for damages, direct or consequential, in connation with anr co~demnation or other taking of the Property, or part thenrf, or for ceu?veyance in litu ot ccw?demnation, are hereby assi~eed and shall be paid to Lendet. in the event of a tolal taking of the Propehy, the proceeds chall be applied to the sums securcd by this Mort~aae. with the cxctss, if any, paid to Borrower. In thc event of a partial tal;ing of 1ht Property, unkss Bomower and Lafder otherwise agrce in arritin~t. therc shall be applicd ta the sums secured by this Mortgage such propo~tiw~ of the pmoeed: as is equal to that proponion w~hich the amount of Ihe sumc secured by this Mortga~te immediately prior to the date af taking bears to the fair market value of the Propeny immediatety p~icx to the date ot taking, with the balanoe of the proceeds paid to Borrower. If the Propetty is aMandoned by Bor:ower. or it. after notice by i.ender to Bormwer that the condemnor of[ers to make an award or settle a claim for d~mages. Borrower (ails to res~nd to i_ender withio 30 days aRer ~the date such notice is mailed. Lender ic authoriud to collect and apply Ihe proceeds. at i.ender's option, either to restoratioo or repair of tbe Propehy or to tt~e sums sccurcd hy ~his Mo~tRage. Unless Lendtr and Borrower otherwi~c agrce in writ~ng. any such application of proceeds to principa) shall ~wt eactend o~ poslpone the due date of the monthly ins~allmcnts referred to in paragraphs 1 and 2 hercof or chanse the amouM of sucfi installments. 10. ~orrower Nof Rek~ed. Exteosion af the ~ime for payment or modification of amartization of the sums secured by this Mortgage granted by l.ender to any cuccecsor in interest of Borrower shall not ope~ate to rckue, in soy maonet, the liability of the original Borrower and Bc~rrower e succeuors in interest. L~nder shall hot be roquircd to commence proeoedings agai~ut such successor or refuce to extend time (or payment or otherwisc modify amortiution of the sums secured by this Mortgage by rcason of any demand made by the oriqinal Borrower and Borrower s successors in inlerest. I1. Forbeaniwce by Leeder NM a Wdrer. Any fotfiearance by lxnder in exercising any right or remedy hereunder, or othenvise afiorded by applicabk law, shall not be a waiver of or prcclude the exercix of any such right or remedy. The procurcment of insurancx or the payment of taxes or other liens or charga by l.ender shall not be a waiver of Lender's right to accelerate the maturiry of the indebtedn~ss cea~red hy this Mortgage. 12. Rea~edks C~~eslMhre. All nmedia provided in this Mortgage arc distinct and cumulative to any other riaht or rcmedy under this Mortgage or aSorded ~by I~w or equity, and may be exerciscd concurantly, independently o~ successively. ' 13. S~eeestors awd Asd~s Souud: Joi¦t ard Severd i.iabaity: Captlo~s. The covenants aod aareements herein contained shall bind, and the rights hereunder shall inar~ to. the respective successors and assigns of Lender apd Borrower. subject to the provisions of paragraph 17 hereof_ l~ll covcnants and agrcements of Horrowtr shall be jar~{ aad sevenl• The captions' and headings of the paragraphc of this Mortgage arc for convenience only and are not to be wed to interprot or define the provisions hereof. i~. Notke. Ezc~pt for any notice rcquired under applicable law to be given in another manner, (a) any notice to Borrower p~ovided for in this Mortgaee shall be given by mailing such notice by certifled mail addrcssed to Borrower at the PropeAy Address or at such other address as Borrower may designate by notice to i.ender u provided hercin, and (b) any notice to Lender shall he given by certified mail. rctum rcceipt rcquestod. to i.enders address stated hercin or to such other addras as i.ender may designate by nc~tice to Borrower as provided hercin. Any ~rotioe provided for in this Mortgage ahall be deemed to have been given to Borrower or Lender when given in the manner desiEnated herein. 1S. U~orm Mort~e: Go~ern~ Lar.: Severability. This form of mortgage combina ~ifonn covenants for national ~ use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument coverina ~ rtal property. This Mortgage shall be governed hy the law of the jurisdiction in which the Property is located. In the ~ eveot that any provision or clause of thic Mongage the Note conflicts with applicabk law, such conflict shall not aRect ; other provisions of this Mortgage or the Note which can be givtn e~ect wi~hout the conflicling provision, and to this ~ end the provis~ora of ~hc Mortgage and the Ncue are Jcclarcd to be sevenble. ~ lf. ~on+ower's Co~r. Borrowe~ shall be furnished a confonned copy' of the Note and of this Mortgage at the time ~ of ezec~tion or atter rccordation hereof. _ ~ 19. .Trasder of tie Pro'erty: Aasu~np~iow• Tf all or any part of the Propeny or an intercst thercin is sold or tnnsferred by Borrower without Lender's prior wrinrn consent. ezcluding (al tht crcation o[ a lien or encumbrance subordinate to ~ this Mortgage. (b) the creatuu~ of a F+urchace money ucurity intercst for household appliances. (c) a transfer by devise. descent or by operation of law upon the death of a jo~nt tenant or (d) the grant of any kasehold intercst of threc ycan or less ~ not containing an option to purchase, Lender may. at Lender'x option, declarc all the soms xcurcd by this Mortgage to be ~ immediately due and payable. Lender shall h~ve v?•aived such option to accekrate if, prior to the cak or transfer. Lender and the persa~ to whom the Property ic ta be colJ or transferred reach agrcement in writins that the crcdit of such perwn ~ is satishetory to Lender and that the interc.t payable on the sums secured by this Mortgage shall be at such rate ac Lender shal) requat. if Lender has waivod the op~ion to accelerate provided in this pangnph 17. and if Borrower's successor in interat has executed a written assumption agreement ucepted in writing by Lender, Lender shall release Borrower from all ~ oblijations under this Mortgage and the Nae. - ~ Jf Lender exercises such option lo accelerate, Lender shall mail Borrower notice of accekntion in accordancc M•i~h ~ para,jnph 14 hereof. Such notice shall provide a period c+f not las than 30 days from the date the nodce is maikd within ~ which Borrower may pay the sums doclared due. If Borrower (ails to pay such uiri?s prior to the expintion af cuch peric~d. ~ Lender may, without furthe~ notice or demand on Borrower, invoke any remedia permitted by paragnph 18 hercc+f. NoH-Ur~FORM Coverv~rrrs. BoRa~?er and Lender furthe~ rnvenant and aaree as follow~s: = 1~. Accder~tlo~ Re~edks. L:ce~t a~ provida~d i~ Nrap~a~M 17 bersot. ~pea io~we~s Meae~ ot a¦r eo~ewt er a~r~e~e~t ot Sarower h tris Maisa~e. d~e eo.ews~ls to py wbe~ ~+e a~r w~s seeiuei ti tW~ 1Norl~a~e• i,e~ie~ prior b~eteierMlo~ s6a~ sap ~otlce to So~wtr as'roriaed h para~rspM 14 Uerco[ s/eclf~% (1) tMe 6rescM: (2) thc sctlow ~ ~ b cn+e wcr MraeM: t3) ~ daie. wot las t~ 30 dsrs te~o~ tlre date tl~e ~otke r~a6ei te 1oROwer. b~Ukr srcl~ breac~ ~rt be e~re~ a~i d~at fail~ee lo crre aeb MeaeM ow or 6etoee ttie date s'ecl~ei h tMe ~otke ~sr resrt d aeceleratlo~ ot tre w~ ~ec~cd ~ tl~is Mort=a~e. to~ecbs~++s b j~CW M'~1K a~i ~ak ot t~e h+orc.ty. '1be wotice ~ irrfrer hto~ sono~wer ot tMe tiRM to tei~e afler accekiratio~ u~i tti¢ ripl b aMeA h Ut toeeciowte Noee~~ Ire ~ow~ssWe~ee ot s itisslt or aq dher acfe~se o~ iorrewer to sccelerMio~ s~ torcclowre. H tl~e breac~ b~ot eue~ e~ i - or betore tMe dah yeeiic~ i t~e ~otice. Lender a1l.esder's opio~ w~ ~ecl~re aM ot d~e w~ sec~~si ~ tldr Mort~aRe ts b~ I ~ i~ dne a~i pyabk wkUort t~ulher danand aw! msy toretlo~e tl~ Mo~t[a~e ~p ~ikW /~edi~R. I.ender ~hdl be e~tltlai to eo0ett b~ wtr'r~oceedi~ ar e:ptasa of forrclosrre. i~tl~ii~. !N rt ~tej t~. arowaele stt~xser's fees. a~i eests ot i~er.'~eatar7 s~de~ce+ a~st+~ awi titk reprb. ~ i~, ~or~wp~~ al~t f~ Rei~tate. Ncxwi~hstandinE Lender s accekntion of the sums secured by ~h~~ M~rt~ste, ~ Borrower shall have the right to have any prceeedings hegun hy Lender to enforce this Monaaae discontinued at any pme i ~ ~ ~U5 r:a~~ 6~ ~ ~ ~ n: