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Home My WebLink About2123 • ~ Lende~'s written agrament or applicabk law. Bormwe~ ~hall pay the amount ot di mongage insurana premiumt in tbe ~maaner provided under paraa~aph 2 hereof. Any amouots disburscd by [.ender punuant to this para~aph 7. with in~eresl ihereon. shati becoma additional indeb~edness of Borrowcr secured by ~his Mohgaae. Unlas Borrowe~ and Lende~ aaree to dher tern~s ot paymeM, wch amounts shall be payabk upon naticc fram I.ender to Borrowe~ roquesti~a payme~t tAeroot, a~d shall bear inte~est ftom the date of disbursemeot at the nte payabk trom time to time on oupt~t p~incipal under the Note unless p~j?m~at ot ioterest at such nte would be contnry ~o applicabk law, i~ which eveM such amounts shalt bear interest at the hi~l~st rala patniss~'bk onder applicabk law. Nothing containod in Ihis pa~aataph 7 sf~all require Le~der to it~cur any expewe or ta1~o a~y actio~ hereunder. . t. l~qectio~. f.ende~ may make or cause to be made rcasoeabk entries upon and inspections ot the Propatp. prm?ided that i.ender shall give Borrowe~ ndice prior ta any such i~spection specifyina reuonabk caux therefor rclated to La~dar's interest in the Propeny. 9. Co~aatiow. The p~oceeds of any award or claim tor damages. dircet or consequential. i~ connedion ~?ilh any coodemoation or other taking of the Property, or parf thercof, or tor conveyance in lieu of cond~mnatioo. are ha~? a~ea and shall be paid to i.ende~. in the event of a to~al taking of the PropeNy. the proceeds shall be applied to the suma secured by this Mortjaaa. with the excess, if any, paid to Bonowe~. ln the evtot af s partial laking of the Property. unlas Borrower and Le~der otherwise aaree in writing. thene shall be applied ta the sums securcd by this Mortgaae such proportioe of the prooeeds ss is eqwl to that propohion Nhich the amaint af thc sums xcured by this Mo~taaae immediately prior to the dale af takin~ bean to the fair markN value of the Ptoperty immediatcty priar to the date of ~aking, with the balanoe ot the pnnceeds paid to Do~rowe~. if the Property is abandoned by Bor:owe~. or if. after notice by Lende~ to Bomower that the condemnor of[as to mate an award or settle a claim for damages, Borrrnver fails to respond to Lender within 30 days after ~the date such notia is maikd. Lender is authoriud to collcet and apply the proceeds. at i.ender's -option, either to ~estoration or repair ot t6e Propeny or to the sums securcd hy this Mohita~[e. - Unlas Lender and Borrower olhenwise ag~ce in writing, any such application of proceeds to principal shall nM pc~a~d or posipone the due date of the monthly installments referrcd to in pangraphs 1 and 2 hereof or chan~e the amount of such inuallments. 1~. Eo~rower Not Rekased. Extension of the time for payment or modilkation of amonization of the sums aecured by this Mortgage granted by Lender to any cuccecsor in interest of Borrower shall not ope~ate to reksx, in any manner. the liability of the original Borrowe~ and Bc+rrower e si~ccesson in interat. Lender shall not be requircd to commenoe proceedings against such successor or rcfux to eitend time for payment or othe~vvise modify amortizatioo ef ~he s~~ms securcd by this Mortgage by reason ot •rny demand made by the oriRinal Borrower and Borrower': wcc-essors in inlerat. 11. Forbarawce b~ i.e¦der Na a wai~er. Any forfieannce by Lender in exercising any right or remedy hereundtr. or otherwise atforded by applicabk law, shall not be a waiver of or preclude the exercise of any such right or nmedy. The procurcment of i~nurance or the payment of taxes o~ other liens or charges by Lender shall not be a waiver of I.a~der's right to accelente the maturity of the indebtedness secused hy this Mongage. ~ l2. Reweaies Cew~dMbe. All rcmedies provided in this Mortgage are d'utinct and cumulative to any othet riaht or remedy under this Mortgage or_af[orded by law or equity, and may be exercised concumently, independa~tly or sucoeuively- ~ 13. S~cca~ors asi A~d~s Soawd:.Joi~t a~ Se~eral ~.is6Airy, Captio~s. The covenants at~d a~roenxnts her+ein contained shall bind, and the rights hercunder shall inu~ to, the.rapoctive successors and usigns of I.ende~ sod BorrowKr• subject to the provisionc of paraaraph 17 hereof. All covenants ar.d agroements of Borrower shall be jdry and several• The pptiau' and headings of the paragrophc of this MortgaEe arc for convenirna only and ate not to lie wed to interpret or detine the provisions hereof. 14. Notke. Except for any notice rcquircd under applicabk law to be given in another manner, (a) any notice to Borrower p~uvided for in this MortRaee shall be given by mailing such notice by certiflod mail addressed to Borrower at the Property Address or at such dhcr address as Bormwer may designate by no~ice to T.endet ss prm?ided hcrcin• and (b) any notice to Lender shall he givcn by certified mail. return rcceipt requestod. to i.ender's sddress stated hercin or to such other address u Lender may designate by nc~tice to Borrower as provided herein. Any nolice provided for in this i Mortaa6e shall be deemed to have been given to B6rrower or Lender when given in the manner desi~ated herein. ; 1S. U~itors MoA~a~e: Gorerwi~ La.r. Se~ersbilitr. 7'his fo~ of mortgage comb+nes uniform covenants for national ; use and non-uniform covenants with limitecl variations hy jurisdiction to rnnstitute a uniform aecuriC~ instrument covetin~ ; real property. This Mortgage shall be governed hy the law of the jurisdiction in which the PropertY is located. In the ~ event that any provision or cluise of thic Mortgage or the Note conflicts with applicabk law, such conflict shatl not atfoct . ~ other provisions of this Mortgage or the Note which can be give~ eRect without the conAictina provision. and to th~ ~ end the provisions of the Mortaage and the Note arc Jeclarcd to be severabk- ~ lf. >onowe~'s Co~y. Borrower shall be furniched a confor~ned cop~• of the Note and of this Mortgase at the time E of esecution or aRer rocordation hercof. ~ 17. .Trarter of tre l~o~My: A~wu~p~iow• if all or any part of the Property or an interat therein a sold or mesferred by Borrower without Lender's prior w~ittcn eonsent. excluding (al the creation of a lien or encumbnnce wbotdinate to this Mortga6e. (b) the crcation of a purchaae money security interat for household appliances. (c) a transfer hy devue. desoent or by operation of law upon the death of a joint tenant or (d) the grant of any kasehold intercst of threc years or kss not containing an option to pur+chase. Lender may. a~ Lender c option. declue all the sums aocured by this Mort~a~e to be immediately due and payable. Lender shall have w•aived such option to acceltrate if, prior to the cak or transter. Lender and the penon to whom the Property ic be colJ or tnnsferrcd reach agreement in writins that the crcdit of cuch person is satisfactory to Lender and that the intcnKt payable on the sums socured by this Mortgage shall be at sikh rate as Lender shalt request. If Lender has waivod the op~ion to accekrate providcd in this paragraph i7, and if Borro~wer s successor in interat hu eaecutod a written auump~ion agreeme~t accepted in writing by Lender, Lender shalt rclease Borrower from all oblil~ations under this Mortgase and the Nae. if Lender exercises such option to sccekrate. Lender shall mail Borrower notice of accekntion in accordanc~: w•~~h Ruasraph 14 hereof. Such notioe shall provide a period of nw las than 30 days from the date the notice is maikd within which Borrower may psy the wnu declared due. If Borrower fails to pay such sums priar to the expintion af wch perind. Lender may. without further notice or demand on Borrower. invoke any remedia permitted by pangaph 18 hercc~f. ~ Non•Uxt~M Cover~?r~'rs. Burrower and Lender further covenant and ajra as idbwrs: li. AeederMlo~i Re~e~a. EueM ~ M'o~~ ~ Mn[~ 17 renot. Ru~ ~oRO~?n's ~e~e~ ot awy co~e~t K ~ apee~e~t ot /~rrower b~ t~4 Mat~e. ~L N~c co~ewsats to My wwe~ ise s~y wws ~ b~ M~• Lesier ~ ~rio~ a.aeieratlo. dar.ail ~odc~ to son+ow~er a~'ro.wea b~ Mr.s.ar~ 14 raeo[ ~ee+t~s (1) elie Meacr: (Z) t~e .are~ ~ re*ie~ 1s ew~ ~~eacr: (3) ~ i~le. ~ot las Iraw 3~ ~rs I~ tre iste tre wotke r~e! lo Mr~.rer. Yy wUkh s~eY ; ~ae1~ ~aiM tie ews~ a~i uait hiWre 1o c~e arcM Meseb ow or betwe trc date ~et He Tro'e~• ~atlet ~ aee~ ~t 1~e w~s see~ 67 ~is Mort~ase. tMCCiowrc b i~w !~t ~ sWr t¦et~ blorw ~er d d~e ~i~Mt N~ after aceekratio~ awi tre ~t b are~t h tl~e M~sel~ne /~eeee~ W Ire.o.~esi.tewee ot. aer..lt or.q ahe. ~ere..e or ior.o..er te.aekr.tio...~ renelo..rs. N tre weael~ r.a a~rel.. ~ or bet~e tl~e ~Ie s'eefie~ i~ t!e ~olic~e. l.e~iCr st i.e~e~'s e~tiow aeelre ar et tbe awt sterrei ~ Mii~ Morl~~jc N ~e ~ ~r ~e awi MyaMe wHho~M tinlber dernanA a~/ ~s7' teatlat tW~ Met~a~e ~7' j~kW r.~+~. LMe~. ~ ~ rs eMfllei b e~iett is s~t~ ~rottt~i~L a~ a~Ma~ nt fortclown. rcl~. b~t ~N ~i/ei N. reaw~Me slax~etrs fees. , ~¦i a~ ~t i~.+e~t~ry e.i~e~ee+.i~trsels a.~ ~ide repMb. 1 1!. M~n~e~'s R~M M Reirtate. NawithsundinE Lender s aooekration of the sums secured by? thr_ MoAp~e: ~ Borro~w~ sha11 have tl~e ri~ht to have any pracecdings beEun hy l.ender to e~tora this Mortpse discondnued at any time , 312 ~,~E 2121 , ;