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Home My WebLink About0828 s l.ende~'s writte~ agreeme~t or sppticabk {aw. Bomowe~ shaU pay the unount ot all morigage insurance premiums in tbe manner provided u~der paragnph 2 hereof. Any amounts distxuscd by t.e~der pursuant to tho wna~~~n wi~h inte~est thercai, shall becane additional ~ indebtedness ot Borrower securcd by this Mohgaae. Uoless Borrower aod l.ende~ agree to othe~ tem~.t ot paymeM. wch ' amounts shal) be payabk upon nc~lice f~am l.ende~ to Bort~owe~ roquesting payment thereof, and shall bear interest fr~aa the 4 date of disbursemeot at the rate payaMe from time ta time on a~tsta~diog principal under the Note unkss pa~t ot iatercst at such rate would be contrary to applicabk law, in which event such amounts shall bea[ interest at the hi~ ra~e pernnissibk under applicabk law. Nathin6 cootai~ed in this paraaraph 7 shall rcquire Lender to incut any expen~e ot tate any action hereunder. s. I~ectio~. l.ender may make or cause to be made reasonabk eotries upon and inspoctions of the Property. p~+oeided that Lender shall give Borrower natice prior to any such infpection specifying rcasonabk cause thereEor related to i.e~det's interest in the Piroperty. . . 9. Co~de~wwatbw. The prceeedi of any award or claim for damages, diroct or consequential, in connectioe with any condemnation or other lakiog of the Property, or part thercof, or fo~ conveyance in lieu of condemnatioo, are he~? assianed and shall be paid to Lender." In the event ot a tot~l king of the Propehy, the procecds chall be applied to the sums securcd by this Mortaa=e. with the excess. if any. paid t BoROwer_ ln the event af a panial taki~a of the Property. unkss Bomower aod I~der otherwise agree i~ writing, the~ hall be applied to the sums secured by th~s Mortgaae such proportion ot the prooeed~ u is equal to that p~oportion v?h~the amaunt ot ~hc sumc securcd by this Mortgaae immediately prior to the date ot taking bears to the fair market value of the Property immediately priar to ihe date of takiag, wilh the balanoe of the poooeeds paid to Borrower. If the Property is abandoned by Bo~:ower, or if_ after notice by Lender to Bomower thst the conde~nnor olfers to tnalte an award or settk a claim for damages. Bc~rrower fails to res~ond to Lender within 30 days after -the date such notioe is maikd, Lender is authoriud to cdlect and apply the procceds, at l.ender's optan, either to restoratioo or repair d tbe Property or to the sums securcd by this M~rtttalea L!nkss Lender and Borrower othenvise agree i~ writing. any such application of proceeds to priocipal shall not extend or postpone the due date of the moothly installments referred to in puagraphs 1 and 2 hereof or change the amouM ot such installments. 10. dorrower NM Rele~. Eatension of the time for payment or rteodiRcation of amortization of the wms ~eca+ed by this Mortgage gnnted by Lende~ io any cuccecsor in intercst of Borrower shsll not ope~ate to release. in any manner. the liability of the original Borrower and Bc+rrower s succcssors in intercst. Lender shall not be requircd to eanmenoe proccedings agair~st such s~xcessor or refuse to extend time for paymeot or otherwise modify amortiration of the sums securcd by this Mortgage by reason of any demand made by the original Borrower and Borrower's wccessors in interest. 11. Forseara.ce~ Le.~er Na s wai~er. Any fothearance by txnder in exercising any right or remedy heretmder. or othenvise afforded by applicabk law. shall nM be a waiver of or preclude ~he ~zercise of any ;uch riaht or eemedy. The pmcurement of insura~oe or the payment of taaes or other liens or cfiarges by Lender shall not be a waiver of Lender's right to acceleratt the maturity of the indebtedness securcd hy this Mortgage. 12. Rea~edies ~w~e. All rcmedies provided in this Mortgage arc d'atinct and cumulative to any other ri~ht or rcmedy under this Mortgaae or afforded hy law or equity, and may be exercised concurrently, independently or suceasiveip- ' ' 13. Srcecsrors a~d A~i~s io~~d:.ioit awi Sereral i.L6iiy: Ca~tM~s. T1~e covenaata and aareemenb herein contained shall bind, and the rights hercunder shall im~r~ to. the.respoctive successors and assig~u of Lender apd Borrower. subject to the provision~ of paragraph 17 hercof_ All covenants and agnements of Borrower shall be joiry and several. The captions' and headinas of the paragraphc of this Mortgage ue for rnnvenience only and are not to Ke uxd to interprct or de6oe the provisans hera+f. 1~. Natiee. Eucept for any notice rcquired under applicabk law to be given in another manner, (a) any notice to Borrower p~ovided for in this MortRaee shall be given by mailing such notice by certifled mail addressed to Borrower at the Property Address or at wch other addresc as Borrower may designate by ootice to T_ender as provided hercin. and (b) any notice to Lender shall he given hy cxrtified mail. retum receipt requestod. to i.endet's addras stated herein or to , such other addras u Lender may desi~tnate by nc?tice ta Borrower u provided herein. Any notiee providod for in this Mortgage shall be doemed to have been given to Borrower or Lender when given in the manner desi~nated hercin. IS. U~iiorw Mort~aRe: Co~eniyC La.~a Se•erability. This form of mort6age comb~na uniform covenants for national use and ran-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument oovetitt~ real property. This Mort6age shall be Eoverned hy the law of the jurisdiction in which the Property is located. in the ; eve~t ~hat any provision or clause of thic MoKgage c?r the Note rnnflicts with applicabk law. such conflict shall not alFect ~ other provisions of this Mortgage or the NcKe which can be given eQect without the conAicting provision. and to th~ ~ end the provisions of the Mortaage and the Ncxe are Jeclared to be severabk- lf. brrower's Co~~. Borrower shall bc furnishcd a confo~med cop~• of the Note and of this Mortgage at the time ; oE execution or after recordation hercof. ~ 17, ~Trar'ter o/ tre Trn~ptY; A~ww'tiow. If all or any part of the Property or an interat thercin is sold or transferred t by Borrower without Lender's prior writtrn consem. excludina (al the creation of s lien or encumbnnce subordinate to ; this Mortgage, (b) the crcat~on of a purcbace money security interat for household appliancts, (c) a transfer hy devne. ~ dacent or by operation of law upon the desth o( a joint tenant or (d) the gnnt of any leasehold interest of thrcc years or kss ~ not containing an option to purchsse, Lender may. at Lender s option, detlarc all the sums ~ecurod by this Mortgaae to be irtlmediately due and payabk. Lcnder shall h~ve w••rived u~ch option to accekrate if. prior to the sak or t~ansfer. Lender ~ and the person to whom the Propeny n tn be cc~IJ a tnnsfernd reach agreement ie writing that the crcdit of such person ~ is satisfactory to Lender and that the inter~~t payabk on the sums secured by this Mortga~e shall be at such rate ac Lender ~ shall requat. 1f Lender has waivod the option to accekrate provided in this pongnph 17. and if Bortower's successor in ~ interat hu executed a written aswmption agreement accepted in writing by Lender. Lender shall rckase Borrower frcxn all oblj jations under this Mortgaae and the Nae. ~ If Lender exercises such option to accekrate. Lender shall mail BoROwer notice of accekration in accordanc-~ wi~h ~ puasraph 14 her+eof. Such notice shall provide a period c+f not las than 30 days from the date the notict is maikd within which Borrower may pay the sums doclared due. If Borrower fails to pay s~Kh sums prior to the expiraCwn af such pericd. ~ Lrnder may. without further notice or demand on Borrower. invoke any rcmedia permitted by pa~raph IR hercc~f. ~ - ~ NoN-UHtFOR~t CoveNet~rrs. Bormw~e~ and Lender further covenant and atree as fdlows: ~ li. Accderatio~ Rewe~fes. E:ce~t as *ro•Me~ i~ Mra~raN 17 bereot. r!~ 1en~wer~ ~eeaA ot sq e~~e~t K a~t of iKt+swer i~ tl~ Mo~a~c. Vcf~iMi 1Me ce~eaaNs te ~ w~ew ~oe aq s~ iee~ei r'!' tW 1bto~tR~e• i.esie~ ~ ~ 'rior a.eeek.atlo. ~W.ail.uace eo ~o..~...er as ~ro.Nca b~.r.p.rr 1~ i~atior qec+ry+.~ tt) !re rrael~: t21 t~e ae1Mw ,a n~ei lo a~re s~e~ Meatk t~ ~d las tYr 3~ ~s t~ tre ~ate Me ¦otke ir w~¦e~ lai tbe~• res~M i~ ~ Weac~ ~rt be esre~ ri (n trat tail~e N nre a~eM Meac~ ow ~r ~ete~e tre dde et tre ho~crry. 71e wotiee ~ seeekrafiN ot Ire wr see~ y 1W~ N~oelsa~e• t~eclo..re y i~ ~L sW t~er i~fara~ lornwer o/ Ire riRM M~ afler sccekatkw awi tMe rI~M to aMeA i~ tl~c toralow~e ~Seee~ ~ I~e ~o~-e:irtesee of ~ ieta~lt or ary~ dMer ~e%w~e ot ~orrover N secek* tre war ~see~esi ~ fwY ~Mert~aRe t~ M or eetore We iale yedie~ i~ !Mt ~elice. I.ew~er st Lew/er's opiM ~a7' i~we~ely drt a~ri MraMe wifb~t t~rtber de~wanA awr w~' teretle~t tUb Meet~a~e r7' }ikW l~csedVR. Lendtr ~W ~ be eMltle~ N tore~! i~ wer Nseteii~ a~ ac~twses of toaclos~ue. i~el~ii~[: ~t ~N ~witei M. rtaw~sM~ stturweY'~ fses. ~ a~i eorlt at ioew-~7 a~rsces a~i title reMrls. ~ 1~. ~wp~ R~1N q Rei~lala NcxwithsundinE Lender s acoekration of the sums secursd by ~h~~ M~Ajase. ~ gorrower sha11 have the ri~ht to have anq procoedings hegun hy l.ender to entorce this Monaa~e discontinued at any dme ¢ ~ . ~ ~ ~ St'CK J~6 rbL~ C7~7 ~ ~ - - _ _ . . . _ _ _