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Home My WebLink About1179 . • ; Lende~'s written agoament or spplicabk law. BoROwe~ shall pay-the amou~t ot all mortaaae iasurance p~eniums ia tba manner provided uncle~ parag~aph 2 hereof. Any amounts disbursed by l.ende~ ppnwnt to tha paraa~aph 7, with interest therea~. shall become additionsl indeModness ot Borrower securod by~ ~hii Mat~age. Unless Borrowe~ and Lenckr agroe to other terms ot payaneM. wch amounts shall be payabk upoo nalice fmm I.eoder to Bomowcr roquas~iog payme~t thereot,.and shatl bear interat fma~ tha date of disbursement at the rate payabk f~am time to time on outstanding principal uader the Note unless pa}iment ot interest at such rate would be contnry to applicabk law, in which event such amounts shall bear iote~est at the hishpt ra~e permissibk u~der applicabk law. Nothing cootained in this paragnph 7 shall require i.ender to iacur aay eaipe~ae or tdce any actior~ hereunder. S. i~ectio~. [.ende~ may make ar cause to be made rcasonabk entries upon and inspectiot~s of the Properry?. provided that l.ender shall give Borrower ndice prior to any such inspection spccifyins neasonabk cause theoetor related to I.ender's i~tercsl in the Propeny. 9. Co~deo~~atbw. The proceeds of any award or claim for damaga, direct or consequeetial. in connection with any coodemnation or other takina of the Propeny, o~ part Ihercol, or for cooveyance in lieu of condemnatan. arc herebg? assi~ned and shall be paid~ to i.ender. in the eveot ot a tot~l taking of the Property. the proceeds ~hall be applied to Ihe sums securod by this Mortaa~e. with the excess, if any, paid to Botrowu. In the event of a panial taking of the Proptrty. unkss Bormwe~ and La~dtr otherwise aaroe in v?mtinR. there shall be applied 1o the sums securcd by this Mongage such proportion of the prooeeds u is equal to that proportion vehich ~he amount af the sums securcd by this Mortgage immediatety prior to the date ot talcin~ bears to the fair market value of the Propeny immediately prior to the date ot taking, with the balanoe of tha p~oceeds paid to Borrower. If the Property is abandoned by Bor:ower. or if. after notice by Lender to Bomower that the oondemnor ol[e~s to maite ~ award or xttk a claim for damages, Bormwe~ tailc to respond to Lende~ withio 30 days after ~the date suci~ tatioe is maikd. Lender ic authoriud to collect snd apply the proceeds, at l.ender's option, either to restoratioe or ~pair o[ t6s Propetty or to the sums securcd by this Mortgage. ? Unless Lender and Borrower othervvise agrce in writing, any such application of proceeds to principal shdl not rac~ead ; or postpone the due date of the monthly installments rcfened to io paraaraphs 1 and 2 heroof or chante the amount ot 4 such in:tallments. 10. ~orrower Not Rekased. Extension of the time for payment or modiAcation of amortization ot the wnes aecured br this Moti6age granted by Lender to any cuccecsor in interest of Borrower shall no1 ope~ate to rckau, in any manner. the 11~bility of the original Borrower and Bc+rrower e successors in interat. Lender shall not be roquircd to canmenx proceodinas agai~t such successor or rcfuse to extend time for payment or otherwise modify artwrtintion of the sums securcd by this Mortaage by reuon of any demand made by the original Borrower and Borrower's wccessors in interc.st. 11. Forbearawce by I.e.de~ Na a wai•er. Any forheannce by I.ender in exercising any right or remedy l~eretmder. or ; otherwise aBorded by applicabk law, shall ~ot be a waiver of or preclude the exercise of any such ri~ht or remedy. The procurcment of insurance or the payment of taza or other liens or charges by Lender shall not be a waiver of l.eeder's right to accelente the maturity of the indebtedness secured hy this Mortgage. lI. Rewedics Caw~latl~e. All rcmedies provided in this Mortga~e arc d'atinct and cumulative to any other riaht or rcmedy under this Mortgage or sfforded hy law or equity, and may be exercised concurrentty, independently or succes:ively. s 13. S~eeearas a~d AsiR~s ~nd; Joi~t a~d 3e~eral IbW~ry: Csptlo~s. The covenants and aareea~ents herein contained shall bind, and the rights hereunder shall inur~ to, the.rcspective successors and assigns of I.ender sad Borrower. subject to the provisions of pangraph 17 hereof. All covenants and agrcements of BoROwer shall be joiiy and several- The captions' and headings of the paragraphc of this Mohgage are for convenience only and ue not to !ie u~ed to interpret or de6ne the provisions herrnf. ' 14. Notke. Except for any notice rcquircd under applicable law to be given in another manne~, (a) any notice to ~ Borrower p~ovided for in this Martgaae shall be given by mailing such noGee by certifl~d mail addressed to Borrawer at the Praperty Addrcss or at such dher addres.c as Borrower may designate by ootice to T~nder as provided hercin, and (b) any notice to Lender shall !x given hy certified mail. rctum roceipt rcquestod. to t.ender's addresa uated hercin or to such other address as Lender may detignate by notice to Borrower as provided her+ein. Any notice provided for in this Mortgage shall be deemed to have boen given to Horrower or Lender when give~_ in the manner desisn;ted herein. lS. Udfor~ Mort~e: Co~crsLqt Larr: Sevcrsbaity. This torm of mortgage combina uniform covenanu for national use and non-uniform covenaots with limited variatians by jurisdiction to constitute a unifotm axurity i~strument oov~erirts ; real property. This Mortgage shall be governed hy the law of the jurisdiction in which the Property u located. In the j event that any provision or clause of thic Morigage or the Note conAicts with applicabk law. such conflict shall not afFeet ~ other provisions of this Mortgage or the NMe which can be given eQect without the canAictina provisaa, and to this aid the provisions of the Mortgage and the Note arc Jeclared to be sevenbk. ~ lf. ~orrowe~s Co~y. Borcower shall be furnished a conformed copy of the Note and of this Mortgaae at the time of eacecution or after recordation hereof. ~ 17. .1~wter qf tre h~o~erty: Asou~ptiow. If all or any pari of the Property or an interest theroin is sold or transferrcd ~ by Horrower without Lender's prior w~ittcn consen~. excludina (al the creation of a lien or encumbrance wbordinate to this Mortgage. (b) the crcat~on of a purchaa money security interat for household appliances. (c) a transfer hy devite. ~ descent or by operation of !aw upon the death of a joint tenant or (d) the ~ant of a~y leasehold interai of threc years or kss € not co~taining an option to purchase. Lender may, at Lender s option, doclare all the sums ~ecored by this Mortga~ to be ~ immediately due and Qayable. Lender shall have w~aived such option to accekrate if. prior to the xak or transfer. Lender and the penon to whan the Property is ta be coid or transk~rcd rcach agreemeot in writin~ that the crcdit of cuch person is satisfactory to Lendcr and that the intercst payable on the sums securcd by this Mortgage shall be at such rate ac Lender shall roquat. if Lender has waived the option to accele?att provided in this paragraph 17, and if Borrower s succexsor in interat hu esecuttd a written auumption agreement accepted in writing by Lender. Lender shall rckase Bonower from all . oblisations under this Mortgage and tl~e Note. - If Lender exercises such option to accekrate. Lender shall mail Borrower notiee of xcekration in accordanc~ v?•ith pan,~nph 14 hereof. Such notice shall provide a period ~f not las than 30 days from the daEe the notice is maikd wi~hin which Borrower may pay the sums declared due. If Borrower fai(s to pay such sums prior to the expintion of such peric~d. i.ender may, without further notice or demand on Borrower. invoke any remodia permitted by pan=raph 1R hercof. ~ Non-Uxt~aeM Covet+~rrrs. Borrower and L.ender further covenant and a~ree as fdloMS: - ~ 19 Ue~+eot. ~o~ ~o~+rwe~'s be~e~ o/ aq c~~ewrt K ~ 1R Aeedaado~; Rewedia. Eue~t a~ pro~Ned i~ MnLn~ p a~roe~ait d>er~wer b tris M~e, ~i t~e corews~ls to ~ wbe~ i~e s~y sws ste~e~e! y IMY 1Ma1Ra~e. i.es~er g ~rior a accekr~tlo~ d~i ~dl ~Wice to ionrwer as ~o•Nc~ a}~n~n~M 1~ rersof qeclf~ tt) Me ~eeseU: t21 tUe setNw ~ ~ Is csre we1 M~eaek (3) ~ot las 11~ 30 asrs teou~ tbe iate twe woliee Is ~ei N~wer. y? wUki sreU ~ tireae~ s~M ~e e~e~ a~i t4) trat h&iee a e~e wc6 ~ese~ o~ or retoee tre ~ate 4eelAe~ I~ tMe iwtiee way e~lt b r .eederauo. ot tre w...ee.eei by t~ft Mo~aRe. te~eclo~are h 1~IcW ~eee~ .w~ sde ot t~e rro~. 'n~e .otiee ~ ~ t~ntrer dto~ ~o~fower ot !Me riRM te rei~tNe after ~ccek~aNow a~i t~e ei~IN b arerf i~ tl~e taselMwe ~roeee~ ~ 1~e ~ow~e:Yte~ee et a~da~lt or a~y aMer aetcw~e o1 darower Io ~ceelehtiow s~i toreclow~e. N Iwe ~teaeM Y~ot ewei M or bdore t*e ~Me qecliei i~ tl~t ~ofke. Lewder at [.ewder's o~tio~ ~ ~eel~rt a~ e[ !re s~ staws~ ~ IW MM~e lo be ~ iw~ ~c a~i NyaMe wkMort fiutber dem~~d aud~ n~s~ taeclae n~r Me.fs~ b 1•++~+r r~~. t.Mee. ~ ~ be e~tltlei a co~eef i~ tre~ ~cssdi~ a/ ez~eosa pi toreclosw~e. i~th~di~. `¦t Mt Wtei M. ~ea~Me stt•,rwet?'s fees. a~i cab d i~e~.~esfar7 s~i~e~ee+ a6~traeb aw~ titk reprb. ~ 1!. fondwa's Rl~IN t~ RdMats. NotwithstandinR Lenders ~ccekntion of tNe sums secured by ~A~s Mortsa6e. ~ gorrower shdl have the ri`ht to have any proceedin~s hegun hy Lender to en(orce this Mortaaae dixootinued at any time ~ . ,~R3~2 ~~t:F1177 ;r. ; ~ r ~ . _ ~ z - - _ . ~ _ - _ ~ , ~ ~ - ~ _ - ~ ~ -