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Home My WebLink About2129 . • : , i ~ ~ i Lender's writte~ sgroement or applicabb law. BoROwer ahall pay the amouM ot all mo~iaase iasuranoe qtmium~ in ~a + manoer provided unde~ paragraph 2 hereot. Any ama~ots disbu~sed by l.ende~ purwant to tha para~raph 7. with iate~+est thereot~. shall become additionsl ' t indebtednas of Borrower securod by this Mongaae. Unless Borrovyy ud, l.sn~kr aaroe to othe~ ternu of paymeM. wcA amounts shall be payabk upoo natice from [.end~r to Bo~wwer requat~e paytnent theroot, and shall bear interwt trom the date o! d'abursement at the rate payabk ~ trom time to time on anstandins pri~cipal under the Note unkss p~~neat ot interest at :uch nte would be contrary to applicabk law, in which event such amouet: shall beu interest at the hi~l~ert rao~e permissibk under applicabk law. Nothing co~tained in this panaraph 7 shall roquire Lendw to incu~ aay eupeme ar tate ` ; any action hereunder. I~eliw. I.ender may make or cause to be made rcasonabk entries upon and inspectioos of the P~~opertr. p~?ided thrt [.ender shall give Bormwer notice prior ta any such inspection specifyio~ reuonabk cause tF~erefor rclated b La~ders intercst in the Propenr. ~ 9. C~ The prceeeds of any award or claim for damages, dircct or co~uequential. in oonnecdoa with any ~ condemnation or dhu talcina of the Property, or pa~t thercof, or for conveyaoce in licu of coodem~ation. are he~ebg? at~oed and shall be paid to Lender. ~ lo the event of a total takins of the Pnopcny. the proc~eds chall be spplied to the wms aecured bp this Mat~a~, s with the excess, if any, paid to Bonower. In the evcnt of a panial takinE of the Property. uoless Bomower and I~eode~ i o~herwise ag~+ee in writin~t. there shall be spplied to the wms secured by this Mongaae such pmportion of the prooeedt s as is eqwl to that propoKion which the amount of ~he sumc secured by this Mortgaae immediately prior to the dale d ~ talcinE bears to the fair market value of ihe Propeny immediately prior to ihe date of taking, with the bala~oe of the p~~eceeds : paid to Bornower. ' If t1K Property is abandoned by Bor:ower, or it. after notice by Lender to Bomower that the condemnor ot[ers to malte { an award or stttk a claim for damages, &+rmwer tails to rcs~ond to Leoder within 30 days after ~the date wch notiae jt ~ mailed. Le~er ic authorized to collect and apply the proceeds. at l.e~der's option. e+ther to ratoration or npair d die Propeny or to the sums securcd by this Monlts~te. Unku Lender and Bomowe~ dherwise agrce in writing, any such application of proceeds to principal shal) not euta~d ~ or postpone the due date of the monthly installments referrcd to in paragraphs 1 and 2 heroof or chanae the amount ot ; such installments. . s 1~. ~rower Nof Rekasei. Eztension of ~he time for payment or modifkation of amonizafion of the wms secured ; by tk~s MoKgage granted by Le~der to any cuccessor in intercst of Borrower shall not operate to r+eka:e, in aay man~, ~ the liability of the original Borrower and &+rrower s sikcasors in interat. Lender shall not be roquioed to oommenoe proceedings agaimt ~such suocesior or rofuse ta extend time for payment or otherwise modifp amortiration ef the Km~s ~ securcd by this Mortga~e by resson of any demand made by the oriRioal Bomower a~d Borrower's wccessors in iMercst. 11. Fo~ena~ee by I.eaier Not s Wsi~er. Any forinannce by Lender in exercising any right or rrmedy heteunder, or # otherwise afforded by applicabk Iaw. shall nc?t be a waiver of or preclude the exercise of su~y such ri~ht or ~+emedr. ~ The procurement of insurance or the payment of taxa or other lieos or char6es by I.ender sha0 not be a waiver of [.enders ~ riaht to accekrate the maturity of the indebted~ess secured hy this Mortga6e. ; l2. Rew~eaies ~vatin~. All remedies provided ie this Mortgsae are d'ati~ct and cumulatire to any other riaM or rcmedy under this Mortgage or afforded by law or equity, and may be exercised concurrrntty, independently or suooe~iveh?. ' 13. S~ceea~o~s awi AsiR~s ~ua:.Toi~t awa ~eral ~.i~biiify; CaptiMS. The oove~ants and a6reenxnts heran oontained shall bind. aod the rights hereunder shall inurp to. the.respective suooGssors and assisns of i.ender ac~ Borrowu. wbjxt to the provisions of paragnph 17 hercof. All covenants and agrcrments of Borrower shall be joiM and s~veral. The captions' aod headings of the paragnph~ of this Mortgage are for convenience only and ane not to tk uxd to ~ interprct or deBne the provisans herec~f. t 14. Notiee. Except for any notice rcquircd under appticabk law to be given in another manner, (a) any notice to ? Borrower provided for in this Mongage shall be given by mailing such notioe by certi&d mail addre.a~ed to Borrower at ~ the Property Address or at wch dhcr addrcss u Bormwer may designate by ~wtioe to T.ender as pravided hercin, and ~ (b) any notice to Lender shall he givcn by cenified mail. rctum roaipt requested. to Lenders sddress uated herein ot to such other addras u Lender may designatc by notice to Borrower as pmvided herein. Any notioe provided for in this ~ Mortgage shall be deemed to have becn given to Borrower or Lender when given in the manner desi~nated he~ein. iS. UwiEon~ MortRaRe; Co~er~i~ Lsw: Se•erability. This form of mortssge combitKS unifam oovenants for national y I' use and non-uniform covenants with limited vuiations by jurisdiction to co~utitute a unifmm ~ecurity instrument ooverin~ ' ~ rest property. This Martaaae shall be governed hy the law of the jurisdictwn in which the Property a located. In the ~ ~ eva~t that any provision or clause of thic Mortgage c?r the No1e conflicts with applicabk law. :uch conflict shsll not atket ' ! other provisions of this Mortgage or the NMe which can be given eQect without the eonflictins provision. and to this # ~ end the provisiora of the Mortsage and the Nae are Jeclarod to be s~everabk. lf. ~enower's Co~. Borrower shatl bc furnished a contormed cop)• of the Note aad of this Matssse at the time ~ of racecutan or after rocordation hercof. s 17. .T~~wter of tre Tro*e~ty: Aswuw'tiow. if all or any paK of the Property or an interat therein is ;old or transferred ~ by Borrower without Lender's prior writtcn consent. excluding (al the ct+ation of a lien or encumbance wbordinate to this Mortga6e. (b) the creat~on of a punhace money securiry interat tor household applianas. (c) a transfer hy deviie. ; dacent or by operatan of law upon the desth of a joint tenant or (d) the ~nnt of any ka~ehold interat of threc yean or kss ; _ not oontaining an option to purchsse, Lender may, at Lender's option. declare all the swns saurcd by this Mort=aae to be immediately doe- and payabk. Lender shall have w•aived xich option to acceknte if. prior to the sak or tnnsfer. Lender and the person to whom the Property ic t~i bc colJ or transfened rcach aEreernent in arritinj that the credit of cuch pe~son ~ is satisfactory to Lender and that the inten~ct payabk on the sums secured by this Mortaaje shall be at such nte as Lender ~ shall requat. if Lender has waived the oqion to accelerate provided in this paraaraph 1~. and it Bornowers spcceuor in interat has eaecuted a written assumption agreement scceptod in writin~ by L.ender. I.ender shall release Sorrower from al! oblj~ations under this Mortaaae and the Nde. ` If Lender exacisea such option to ~cekrate. Lender shall mail BoROwer notice ot accekntion in accordanc~: r+'i~h ' pan,~nph 14 hereof. Such notioe shall provide a period ot not less than 30 days from the date the notice is maikd within which Bort~ower may pay the wms declared due. It Borrovre~ fails to pay such sums prior to the expiration of such peric~d, i,ender may. without further notioe or demand on Borrower. invoke sny rcmedia permitted by parajraph 18 hercat. Nav-Ut+t~~t Covet+srns. Borro*?er and i.ender furthcr covenant and ap+et ss fdbws: ~ i=. Acedeeatk~ Re~eiie~. EsceM ~ M'o~~ 17 rered. ~le~ i~~'~*a's Me~e~ ~t a~y c~~erwt K _ a~ne~e~t ot ~newer t~ tiis Me~t~e, l~d~ 1re co.esaiMs to ~ w~ew ~e sry~ sMS ac~i y eld~ Morqt~e. I,asier ~ ~rio~ a sceela~dM.Mi..Y.ake to ~o~nwer a~ ~.o.Me~ ~ pra~~ 1~ Maeoe qecif~s (1) ae we~ek (2? ne.aio. ~ rpie~ Is e~ee wer inaert s iMq ~wt las tlw 3~ ~ys trow~ tbe ~att tl~e ~etiee b ~ie! N M~rewer. r!' w~ki s~i ~ ~eae~ ~t ~e e~re~ a¦i (1? traR f~Wa to ewe s~cY MeacM o~ or retote tbe i~te ~eel~ei i~ tl~e ~otice ~ ~es~M i~ ot I~e ,.r sec.rc~ ?f ~Is Mo~a~e. t~cclo..~e b}dkW w~ a.i a~le .t ue r~eely. 71ic ..tics ~ i~tor~ ~ar~wer af ~e rtRMl M rei~lde stler aetekraNo~ awi tMe ti~IM le awe~11~ ttie taecMswr ~eee~ ~`~~t s ~etnlt or an? otwer ~efew~e o1 ~ewer b aceelerdi~ s~i tKCClow~e. N A~e ~exi b Mt e~si ~w o~ ~d~e be ~Me 4eeliei 1~ tre ~atiee. I.e~ie~ d[.e~ie*'s o~tN~ ~ ~eeire a/ a[ p~e w~ seewe~ ti IYr Me~t=a~ le M i¦,.,eii,ldp dre a.i ~.we witMo~t r.i+he. aema~a a~ ~usy r.ree~e.e d~l. M«~a~ b lr++ehl rneee~¦R. i.enee. a.N M e~tllfei /o eoieet i~ wrcr ~nese~ aN a~pe~ses at /onclos~e. t~el~+ iot rt ~¦i1e~ M~. ~ea~ile sltw¦er's fea. ~ a~i oMl~ ~t i~e~u~e~7' n'~~+ ~~Nrse1~ a~i litle re~b. : l!. Menwa't R~M t~ Rei~at~. Nc+twithsandinE Lender s aaekntion of the s~ens secured byr ~h~: M~rt~a~e. gormwa thaq have the ri~t to have any procecdin6s he~un hy Lender to entora tha Monpse discontinued at any time F~:'~x3~2 ~~~;E2127 ~ ~ u ~ _ ~ . _ _ . _ ~:~4 ~