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Home My WebLink About1197 • ~ _ ~ Lender's written agreement or applicabb I~w. Bomower ~ball pay the amouM ot all moMgage insura~a premiumt in tbe maaner provided under paragnph 2 hereof. Any amounts disbursed by Etndet ptirsuant to tha pa~agnph 7. with interest the~. shal) become additional indeb~edness of Bo«owcr secured by ~his Mortgaae. Unku Bormwer and l.enckr aaroe to other temu of paymeM. such , + amounts shall be payabk upoo nMice from i~e~det to Bortower roqiiasling payment 1he~eof, and shall bear interdt from the date of disbursement . at the nte payabk fron~ time to ~imr on a~t:tanding principal under the Nde unless p~ytnait oi interest at such rate would be coMrary to applicabk law, in which event such amounts shall bear interest at tAa hi~l~est ra~e t permissibk under applicabk law. Nothma contained in this paraaraph 7 shall rcquire Lende~ to incu~ any expeme ot tate ; any action hereunder. ~ S. I~eeliow. t.ende~ may make or cause to be made rcuonabk entries upon and inspections ot the Propertp. pmvided ~ thst [.ender shall give Borrower notice prior ta any such inspoctioo specityio6 rraso~abk cause theretor related to La~det's ~ interest in the Property. 9. Co~de~w~afb~. The proceeds of any award or claim for damages, dircct or consequeetial. in tonnxtaa ~rith any condemnation or dher taking of the Propertp, or pa~t thercat, or for conveyance in lieu of condemnation. are hereby a~si~ned t and shall be paid to Lender. ~ In the event of a total taking of the Propehy. the proceeds chall be applied to the sums securod by this Martaaae, with the excess, if any, paid to Borrower. ln the event af a partial ~aking of the Properh,?. unku Borrower and I.ee~der , + otherwise agroe in writinR. there shall be applied to the sums securcd by this Mongage such proportion ot the prooeedt ° u is eqwl to that proportio~ which the amount of ~he sumt securcd by this Mortgage immediately prior to the date ot ~ talcing b~srs to the fair market value of the Propeny immediately prior to the datc of taking, with the balanoe of the proceeds g paid to ~rower. } if the Property is abandoned by Bor;ower. or if. after notice by Lender to Bomnwer that the coodemnor oftea to make ; an award o~ xttle a claim for damages. Bc~rrower failc ta rapo~d to l_endet within 30 days aher the date wch notice is ~ mailed, Lende~ is authoriud ~o collect and apply the procceds, at l.cnder's option, either to restontion or ~pair ot tbs ~ Propeny or to the sums securcd by this Mort~ta~ee. Unless Lender and Borrower otherwice agrce in writing, any such application of procceds to principal shall not eatte~d or postpone the due date of the monthly i~?stallments rcferred to in panaraphs 1 and 2 hereof or chan6e the amount d such installmenls. 10. Eorrower Nof Releasea. Extensian of the time for payment or modi}kation of amortization of the sums aecured by this Mortgaae annted by Lender to a~y cuccessor in intercst of Borrower shall not opente to rckase, in any manner. the liability of the original Borrower and Borrower s succeswn in interat. Lender shall noi be roquircd to commena proceedings against such sucxessor or refuse lo exttnd time for payment or otherwix modify amo~tiution ot the sums securcd by tha Mortgage by r~eason of any demand made by the oriAinal Borrower and Borrower's wccesson in intercst. 11. For~earawce ~ Le~ier Nof s Wairer. Any farfiearance by Lender in exercising any right or rcmedy he~. or otheraise afForded by applicabk law. shall ~ot be a waiver of or preclu~ the exercise of any such right or nmedy. ' The procurement of insursnce or the paymcnt of taxes or other liens or charges by Lender shall not be a waiver ot I.ender's ~ right to accekrate the maturitp of the indebtedness sccurcd hy this Mortgage. f l2. Rewedies ~usdad~e. All remedies provided in this Mortgage are distinct and cumulative to any other riaht or ~ rcmedy under this Mortgage w atForded by law or equity, and may be exercised concurrently, independently or sucoe~ivdy. ' 13. S~ceenors awa A~d~s ~ud:.loh1 a~ Se•ard iL6iWy; Captio~s. The covenants and a~eemrnts herein j contained shall bind, and the ri~hts hereunde~ shall inur~ to. the.rcspoctive successors and assigns of Lender spd Borrower. subject to the provisions of paragraph 17 hercof. All covenants and agrecments of Borrower shall be jai~{ and several. 'il~e captions' and headings of the paragrophc of this Mortgage arc for convenience only and are not ta !k used to - interprct or define thc provisans herec+f. : 11. Notiee. Except for any nMice required under applicabk faw to be given in uather manner, (a) any notice to r Borrower p~ovided for in this Mortgaee shall be given by mailing such notice by certifled mail addressed to Borrower at the PropeRy Addrcss or at such aher address as Bormwer mav desigreate by nWice to 1_ender at provided herein, and (b) any notice to Lender shall he given hy cenified mail. rcturn roaipt requestod. to i.a~der's address uated hercin or to such other addt~ess as Lender may decignate by notice to Borrower.as provided herein. Any notice provided for in this Mortgage shall be deemed to have been given to Bo~ovver or Lender when given in the manner desiansted herein. lS. U~~ors Mort~e: Go~crwf~ Law: SeverabNity. This form of mortgage combina uniform covenants for national ; use and non-uniform covenants with IimiteJ variations by jurisdiction to constitute a unitorm'ecurity instrument ooverina ; r+ea) property. 'Tl~is Mortgage shap be Roverned hy the law of the jurisdiction in which the Property u Iceated. In the ' ' evrnt ~hat any provision or clause of thic Morigage or the Note conAicts wiih applicabk law, such conflict shal) not atfect ~ other provisions of this Mortgage or the Note which can be given effect without the oonAic~ing provision. and to this ~ ! end the provisions of the Mortgage and the Note arc declared to be severable. ; ! lf. ~or~we~'s Copy. Borrower shall be furniched ~ conformed copy of the Note aod of this Mortgage at the time ~ ~ of execution or after recordation hercof. 17. .'i~a~fer of tre M'My: Aswmplio~. if all or any part of the Pruperty or an interat thercin is sold or tnnsferred ~ ~ by Bonower without Lender's prior writ~cn consent. excluding (al the crcation of a lien or encumbnnce wbordinate to ; ~ this Matgaae. (b1 the creatum of a purcAace money security interat for househoid applianets, (c) a tnnsfer Iw devise. ~ descent or by operation of law upon the death ot a joint tenant o~ (d) the grant of any kasehold intercst of threc yeus or less not containing an option to purchase, tender may, at Lender's option, declare atl the sums xcurcd by this Mort6a6e to be immediately due and Payabk. Lender shall have N•aived such option to aocelerate if.. prior to the cak or transfer. Lender and the person to whom the Property ic ta be cc~IJ or lransferrcd reuh agrcement in writin~ that the crcdit of such person is satisfactory to Lender and that the intcr~~ct payabk on the sums secured by this Mortgage shall be at si~ch rate as Lendtr ; ~ shall roquat. if Lender has waivod the opion to accelente provided in this poragraph 17, and if Bomower s successor in interat hu executed a written auumption agreement ucepted in writing by Lender, Lender shall nkase Borrower from afl oblisstions under this Mortgaae snd the Nae. ± If Lender exercises such option to sccekrate. Lender shall mail Borrower notice of accekration in accordanc~ N•ith ' para~nph 14 heroof. Such notice shall provide a period of ~wt las than 30 days from the date the notice is maikd within which Borrower rray pay the wma declared due. If Borrower fails to pay such sums prior to the eapintion of wch pericd, Lender may. without further notice or demai~d on Borrower. invoke any rcmedia pernnit~eA by paraanph 1 S hera+t. ~ NoN-UNIfOiIM COVENANTS. BotTOw~e~ and l.endei further covenant and a6rot as fdlo~?s: t li. Aecdentio~ R~wcdks. Facs}t as pro~Ned ~ Nra~r~yb 1~ renot. ~o~ ~on~wee's MaeY o1 ~y n~ewt ~r ~ apeea~t ot 1~nwer i~ tl~ Mor/sa~e, i~ei~ibiL tre corewaMs to ~ whe~ i~e ~y s~s see~ci h tld~ Moe~a~e. I.e*ier ~ ~r1or M ~eceieratlo~ swil ~uil ~odce to ~onrwer a~ rro~ide~ iw pra~a~h 14 ~ereo~ qecM~: (1) tre i~+eaeM: (21 tMe setie~ ~ ~ Is c~re wer Meaek t3) ~ d~ie. wot las dnw 30 days trn~ tMie ~de tie ~etke Is wa~e~ M 1~now~. i~r wl~ki s~ci ~ ~neae~ ~t re ~te~ a~i (4) trd hWue N e~e sreb Mese~ o~ or ~etoR tie dale yecYei b tUc ~wtke ~ar resslt i~ aecek~stlM a[ Ire s~ws iec~ 6~ Ws Moet~a~e. ta~eebwr+e y l~lei~l l~oe~ii~ aw/ de et tre R~e~. 'IUe ~w~tlee ~ aW ttefrer hJon~ >orrdwer d tMt ~M !o reiasfafe after sccek~Mlw~ awa tMt ri~lit b arert i~ tbe torctlew~e Aoeeei~ Ire ~ow~e:idaee d a~eta~lt or a~y otl~er ~e~e ot >wrower to secekrdisw aai fweciowre. N tl~c Mexl~ b~ot e~e! a ~ ~ ot 6etore tl~e iMe Reclliei i~ !re ~olke. [.ew~e~ si l.ewae~'s o~eb~ wsy rect~re a~ ot ~e w~ seetne/ iy fMr MorfpRe Is re ' iw~ dre a~i pysbk witbrt tutber dea+and aad w~ taeclore el~ Mo~a~t y' j~kr1 ~cseiR. I.ender dyi :F ~ be e~lWe~ b eoreet i~ a~d'neee~i~ a~ acpeasa ot fo~eclos~rc. I~elrii~. Mf ~N ~ile~ 1~. ~ie stt~xser's fea. ~ a~i aM~ ot ioer-~eMar7 evf~e~es+ abWscls ~wi litk re/orls. 4 1~. ~wp~~ 1t~t t~ Rei~la1e. Nc~twithstanding Lender's accekration of the swns secur+cd by th~~ M~rt~a~e. ' ~ Borro~rer shsp have the ri6ht to have any prxeedings hegun hy Lender to enforce this Mort~a~e discontinued at any dme : I C 6 . ~ a~,~~~3~2 ~,,;F1195 - - ~..~y,.. ~ _ . _ _ _ _ ~ ~ -