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Home My WebLink About2116 l.ender': written a~rcement or spplicabb {aw. Borrow~r iha11 psy the amount ot a11 mo~tjate inwrar~x p~+eeniums ia tbe manne~ provideci under pa~aaaph 2 heroot. Any amounts disbuned by I.ende~ pursua~t lo thi~ pa~a~sph 7. with iaterest thereoe. sfiail becaee additionsl indeb~ednas of Borrowcr securcd by this MoMYa~e. U~kss Borrower ar~d Lmder ap+oe to other ternu ot papmeat. wch ~~a ~ wy~~ r~~ ~.~~a~ ~o ea~~~ ~„a~int paymeot theroot, and shall bea~ interat fr~om the date of disburoement at the rate payabk from time to time on outstat~ina princ;pal unde~ the Note uekss p~ymeat ot intercst at such rate would be contrary ta applicabk law, in which event such amount: shall bear interast at the hi~t r~e penniss~'bk under applicabk law. Nothioa comained in Ihis puaaraph ~ shall requi~ L.mder to incur any pcpeaae or ttte sny sction hereuader. 1~4ectio~. [-ende~ may make or cause to be made reaso~abk entries upon aRd inspections ot the Pr~operip. pw~vided that l.eode~ shall Rive Borrowe~ nolice prior ta any such inspection specifyin~ reasoosbb cause tf~erefor related to La~det's interest io the Pmpeny. . ~ Ca~iewuatio~. '11rc proceeds of any awa~d or claim tor damases. dircet or consequeMial. in connectioo with aay condemnation or dher taking of the Property, or pa~t U~ercot, or tor conveyance in.lieu of condemnatioo. are hereby aai~ned ~ and shall be paid to I.ender. in the event ot a tot~l tskin~ of the PropeMy, the proceeds shali be applied to the sums aocurod by this Mortsa~e. - with the excesa, if any, paid to Borrawer. in the event af a partial takin6 of the Property. unkss Borrow~er and I~der otherwise asree in writin~t, theoe shall be applied ta the sums secuted by this Mortgs,~e such propottion of the prooeedt as is eqwl to that propoKioo v?hich Ihe amount of ~he sums secured by this Mortaaae immediatdy prior to the d~e at tatin` bean to the fair maricN value of the Property immediately prior to the date ot taking, with the balanoe of the prooeeds Paid t~ Bormwer. . ~ jf the ProPertY is aba~dooed by Bor:ower, or if. after notice by Lender to Bomower that the oondemtar oRen to mate an award or xttk a claim for damages. Bc~rn~wer failc to respond to Lender within 30 days after'the date wch notioe b mailod. Lender is authorized to colkct and apply the proceeds, at Lender's option. either to reatontk~ or t~pair ot tbe Property or to the sums secured by this ~lartgatee. Unless Lender aod Horrowe~ othervvise agrce in writing, any such application ot pmceeds to principal shap not eat~d or postpone the due date of the monthly ins~allments rcferrcd to in paraaraphs 1 and 2 he~+eof or chanae the amouM ot such in:tallments. 19. ~er~uwer Not Reka~ci. Extension of the time for payment or modifkation of amortizttion of the wms secured by this Mortgage g~ntcd by Lender to any successor in interest of Borrower shall not opente to rekase. in any man~er. the liability of the original Borrower and Bc~nower'c s~MCesxon in interat. Lender shall oot be requircd to commence proceedinas against such suocasor or rcfuse to extend time for payment or otherwise modify amortizttioo ef Ihe sums securcd by this Mo~tgage by oeason of any demand made by the oriRinal Borrower and BoRrnret's wcoe~s in intercst. 11• Ror~ara.ce 6y Le.ier Na s wai~e*. Any forfieannce by Lender in exercising any right or remedy hereimder, ot otherwise alforded by applicabk law, shall nc~t be a waiver ot or procl~de the exercise of any such riaht or ranedy. 71~e pmcurcment of irouraooe or the payment of taxes or other liens or charga by Leoder shall not be a waiver of i,ender's right to acceknte the maturity of the indebtedness ~ecurcd hy this Mortgsae. 12. Rew~cdi~s (-~w~. All rcmedies provided in this Mortgase arc distinct and cumulative to any otha riaht or rcmedy under this Mongage or afforded by law or equity, and may be exercised concurnently, indepeode~itly or successiveiy. 13. S~ees~as s~i Aad~~~s ~wd; .ioht a~i Sered i.iabiliq, Ca*tlw. The covenanb and ajreements heran contained shall bind. and the ri~hts hercunder shall inur~ to. the.rcspective suecessors and assigns of I.ender apd Borrower, subject to the provisions ot parasraph 17 hercoL All covenants and agrcemenu of Borrower shall be joiN and seMeral. 'the csptions' and headinas of the paragraphc of ~his Mortgase arc for convenience only and a~ not to Ik uxd to interprct or define the provisions hercc~f. 14. Notiee. Except for any notice rcquired under applicabk law to 6e given in another manner, (a) any notice to ~ Borrower p~+nvided for in this Mortgaee shall be given by mailing such notice by certi&d mail addresscd to 8orrower at the Property Address o~ at such dhcr addrcs.c as Bormwer may designate by notioe to T.ender u pmvided hercin, and (b) any ratice to Lender :hall he givcn by certiRcd mail, rctum reoeipt requestod, to i.eeder's addrcss stated herein or to such other address u Lender may designate by notice to Borrower as provided hersin. Any notioe pr~w?ided tor in this Mortgage shall be deemed to have been givcn to Borrower or Lender when siven in the manner dai=nated he~n. 1S. U~ifon~ Mort~a~e; Gonrwiyt La~+; Se~erability. This form of mortgage combina uniform oovenaMs tor national we and ran-uniform covenants with limitai variations by jurisdiction to constitute a unitonn security instrument ooverin= r~eal property. This Mortgaae shall be gover~d hy the law of the jurisdiction in which the Property is located. tn Me eve~t thst any provision or clause of thic Mortgaae or the Note conAicts with applicabk la~r. sueh eonAici shall not atket I'~ other provisions of this Mortgage or the Note which can be given effect without the oonAicli~= provision, and to tha ~ end the provisions of the Mortgage and the Nae arc Jeclarcd to be sevenbk. ; lf. ~oerower's Co~y. Borrower shall be furnished a conformed copy of the Note and of this Martga~e at the time of execution or atter recordation hereof. ~ j 17• .7~arter ot tre Pro'erfy; A~arw~ptbw, if all or any part of the Property or an interat thercin is soid or transhrred by Borrower without L.ender's prior writ~rn consent. excluding (al the creation of a lien or a~cumbrance wbordin~te to ' this Mongaae, (b) the crcaticxi of a F+urchace money cecurity interat for Fwusehold appliaeoes, (c) a tnnsfer hy devae. desornt or by operation of law upon the death of a jaint tenant or (d) the ~nnt of any lea~ehold interat of thrcc yean or kss rat containina an option to purchax, Lende~ may, at Lender's option. declare all the sums ~ecurod by tha Mort~aae to be immediately due and payabk. Lender shall have w•aived such option to accelerate if. prior to the ~sk or transter. Lender and the person to whom the Property ic ta be co1J ar tnnsferrcd reach agreement in writi~~ that the credit of cuch penon is utisfactory to Leoder and that the intcn~it payabk on the sums secured by this Mort6ate shall be at such rate ac Lender shall request. if Lender has waived the option to accekrate provided in this pvragraph 17, and if Borrower's successor in interat has executed a wrinen auumption agreement ucepted in writing by Lender. Lender shatl reksse Borrower trom all obli~stions under this MortgaEe and the Nae. if Leoder exercises such option to acceknte, Lender shall mail Bor~ower notioe of ucekntion in accordancti with psrajraph 14 heroof. Such ~otice shall provide a period c?f not las than 30 days trom the date the notice is maikd within which Borrower may pay the sums declared due. 1t Borrower fails to pay x~ch u~ms prior to the expiration of wch pericd, Lender may. without further notice ot demand on Borrower, invoke any remedia permitted by p~n~aph 18 hereaf. - s x No~-UNtFaet?r Coverv~trrs. Borrower and [.endet tunher oovenant and ap~ee as idbw~s: ~ ls. Accderatio~ Reweiies. E:ce~t as ~rnriicr b~a~n~l~ 17 bereof. Ro~ lonrwa's we~el ot an e~~eMN ~s ~ ~ a~r~t ot iKrower 1~ t~ls Maisa~e. i~e~ tMc co~e~wMs to My wlies i~e a~r s~r see~eei Ir~ tW Me~~. I.e~er > ~fer M aecekrsW~ ~W ~aN ~otlce to ~onower s~o~Me1 h~a~n'1~ 14 Mereaf qeeK~s p) tMe inae~ (=1 t`e tefMw ~ ~ie~ lo e~s w~er i~eaek (3) a ile. wd las tY~ 3~ 4ys (~+n~ tre ~ate tre ~Niee r ~ei N Menwer. r!' w~kh srai ~ ~se~ ~t ~e e~e~ ri (4) q~M faibre 1s aw+e arcU M~eae~ or er ~efae tie +ate s~eerei f~ tbe ~etke ~ay ~es~M b ~ ~eederatlo~ at 1~e wr iec~ei h tlib Mo~e.l~oKClowrc b j~kW lroesed~ a~i s~ie ot tAe h~erty. 71e Meke ~ d~ ~ t~lors ~orrrwer d Mie riRM to rei~tMt aHe? sceekrado~ au~ tMe ri~Mt N art~t iw tUe tasei~e ~oa~i~ t ~ Ife ~o~Me~ee at a ~eta~lt or ah Nl~er ~ele~ue ot fo~rower te ~ccekratM~ ~wi toreekrwe. N be keac~ b~M e~ti o~ : or ldore tl~e ~Me yeeYe/ i¦ tMe ~Mke. l.e~er ~t [.ew~er's o'tio~ ~ A~elre a~ ef be ww~ seesrsi y tW M~Ip~je f~ ~e + I~reaiNeiy ~e a~i NyaMe witio~N fntUer dea~and a~ ~/aeeN~e IYir Mee1~e b}ikW M'~aee~R. i.ender da~ ie e~ ls a~ied is wer M+oa~te~ a~ e:pee~a ot /oreclo~n~e. i~elr/i~. ~t ¦M ~wMe~ M, rtaw~~Mt sttwuer's fees. a~i a~b ~t i~t.~~stary e~iiesee, airtrseM Mi Nde n~b. 1f. Mrnwa's Rylt t~ Relrtalt. Nawi~hs~andinE Lender s acoekntion of [he sums seaired bp th~: Mort~a~e. ' Borrower shall hsve the ri`ht to have any ptocecdin6s hegun hp Lender to enforce thi: Mortp~e discontinued at any time ~ i ~ h,;`?~ 31? Pa~E2114 , ~ _ _ . . -v . _ _r~