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Home My WebLink About2141 ~ ' ~ , - t . ~ . , ; ~ Lender's written saroement o~ spplic~bb law. Borrowu shall pay the amount d all ntortaaae ioturaiodf pt+emium~ in tbe msane~ providai under paraanph 2 hereof. ' ~ ~ Any amount: disbursed by I.e~der pursuant to thit pa~~aph 7, with iaterat theceon. shall becane additio~al ` . j indebtednas ot Borrowcr securod by ~his Mottgase. ~ Unless Borrower and Lende~ aaroe to othe~ tern~s of paymeM. wd~ ~ amouots shall be payabk upon notice from t.eoder to 8onower requeslmE paYmeot the~eof. and shall bea~ inte~est from the date of disburstment at the rate payabk trah ti~r to fin~e oe outstandin~ principal under the Note unkss paym~ent ot interest at such nte would be contrary to applicabk law, in which event such amounts shall bar interest at the 1~=best ra~e ~ perntissibk under applicabk law. Nothing cantained in this paragnph 7 shall requioe i.eoder to incur aay expeota or tate ; any sction hereuader. ; I~telio~. l.ende~ may make o~ cause to be tnade rcssonabk enlries upon and inspections of the P~opeAr. p+ovided that Lender shall Rive Borrower notice p~icK ta aoy such inspection specityina reasonabk cause theretor related to I~a~de~s ? interest in the Propeny. ` 9. Cowdew~utb~. The proceedc of any awar~ or claim for damages, dirocl or consoquential. in connectbn Mrid~ any coe~demoation o~ Mhe~ takin6 of the Property, or paA thercof, or fo~ conveyance in lieu of condemnation. are here~? sssi~ned and shall be paid to I.ender. ln the eveot of a tWal takina of the Pmperty, the proceeds shall be applied to the sums xcurod by this Mortaaae. ' with the eacess. if any, paid to Borrowe~. ln the event af a paNial taking of the Property. unkss Borrower and Lendat s - otherwise asree in writinR. lhere shall be applied to ~he wms securcd by this Mortaaae such pwportion of the prooeedt ~ as is equal to that propo»ion which Ihe amount of the sumt secured by this Mortaage immediateiy prior to the dale ot ; takieg bean to the fair market value of t1~e Propcrty immediately prior to the date ot taking, with the balanoe ot the prooeedt ' ` paid to Borrower. t if the Property is abandoned by Bor:ower, or if. after notice by Lende~ to Borr~ower that the condemnor oliera to mate ~ an award or xttk a claim for damaga, Bc+rmwer fails to respond to Lender within 30 days aher ~the date such notioe b ~ maikd, i.ende~ is authorized to colkct and apply the proceeds. at i.ender's optian, either to restontioo or npair ot t6e # Property or to the sums securcd by this Mortga~te. ~ U~less Lender and Borrower otherwice agree io writing. any such application of proceeds to principal shall not extp~d or postpone the due date of the monthly iostallments referred to io paraa~aphs 1 and 2 he~oof or chanae the anauM o[ such installrnents. lA. 6o~rower NM Rekascd. Extension of the time for payment or modification of amortizstion of the wms secured t by this Mortgage granted by Lender to any cuccessor in intercst of Borrower shall not opente to rekste, i~ any manner, ; the li:bility of the origi~al Borrower and Bc~rrower's successors in interest. [.ender shall not be roquircd to commenoe 4 proceodi~as sgair~st such successor or rcfuse to extend time for paymeot or othervvise modify amortization of ~he sumt secured by this Mortgage by rcawn ot any demand made by the oriR~~~~ ~~er and Borrower's successors in interett. ~ 11. Fo~~eara.ce 6~ Le.der Na a Waiver, Any fo~+earance by Lender in eaercising any right or remcdy here~mde~. or otherwise alforded by applicabk law, shall nc~t be a waive~ of or proclude the eaercise of any sueh right or ranedy. ~ The procurcment of iraunnce or the payment of taxes or other liens or charges by l.ender shall not be a waiver of I.ender's ~ right to acceknte the maturity of the indebtedness securcd hy this Mongage. ~ l2. Re~eiies C~~htl~e. All rtmedia provided in this Mortgage are distinct and cumulative to any other riaht or ~ remedy under this Mortgage or af[ordcd by law or equity, and may be exercised ca~curnntly, independently or successivdy. L 13. S~teaw~s awa A~ ~sd: JoMt awa Se~eral i.isbiliry: Ca~tbws. The cavenants snd asroements l~erein ~ contained shall bind, and the rights hercundet shall inur~ to. the.rapoctive suoces.wrs and assigns of Lender spd Borrower. y subject to the provisions of pangnph 17 hercof. All covenants and agrcements of Borrowe~ shall be jaM and several• ~ The captions' and headings of the paragrophs of this Mohgage arc for convenience only and are not to !k used to f interprct or define the provisans herec~L s 1~. Notke. Except fo~ any notice rcquircd under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Mortgage shall be given by mailing such notice by certifled mail addreued to Horrower at i the Property Address or a~ such dher addresc as Bormwer may designate by notioe to i.ender as provided hercin, and _ (b) any ratice to Lender shall Ix given by ceNified mail, return roceipt requested. to I.ender's addreuu stated 1~ercin or to : wch other address as i.ende: may designate by notice ta Borrower as provided herein. Any ratice provided for in this ` ~f Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner desip~ated herein. , lS. Udtorw Mwt~e: Go~erwis~ I.aw: Sevenbility. This form of mortgage combines nniform covenants for national _ u~e and non-uniform covenants with limited variations by jurisdiction to constitute a uniform ~ecurity instrument ooverina r+eal ptoperty. This Mortgage sha11 be governed hy the law of the jurisdiction in which the Proptrty is located. In the event that any provision or clause of thic Mongage or the Nae rnnflicts with applicabk laa, such conflict shall not athet ; other provisions of this Mortgage or the Nc~te which can be given eHect wilhout the conAicting provision. and to thia ~ se e end the provisions of the Mortgage and the Note arc Jeclarcd to be sev~erabk. ~ 1~. Son~ower's Co~y. Borrower shall be furnished a conformed copy of the Note and c+f this Mortgage at the time ~ of execution or after rccordation hereof. 1~. .11ra~sier of tre rro'erty: Asw~wp4iow. lf ail or any part of the Property or an interat thercin is sold or mnsEerred ~ by Borrower without Lender's prior writ~rn consen~. excluding (al the creation of a lien or encumbrance wbordinate to ' this Mortgagt. (b) the crcat~on of a purchace mc~ney securiry interat for household appliances. (c) a transfer hy devise. ~ desoent or by opention of law upon the death of a joint tenant or (d) the arant of any kaxhold interat of three years or kss ~ not containing an option to pur+chase, Lender may. at Lender s option, doclarc all the sums ~ecured by thi: Mortaate to be immediately due and payable. Lender shall have vraived s~Kh option to accekrate if, prior to the sak or transfer. Lender : and the penon to whom the Property is ta be co1J or transferrcd rcsch agrcement in writin~ that the crcdit of such person is satisfactory to Lender and that the interr~~ payabk on the sums securcd by this Mortga~e shall be at tuch rate ac Lender shall request. if Lender has wsivod the option to accelerate provided in this pan~aph 17, and if Horrower s successor in interat hu exocuted a written usumption agreemeet acapted in writing by I.ender. Lender shall rekase Borrower from all obl~ations under this Mortgage and the Note. 1f Lender exercises such option to accekrate, Lender shall mail Borrower notioe of accekntion i~ acrnrdancc v?~ith panKaph 14 heroof. Such notice shall provide a period of no~ las than 30 days from the date the notice is maikd within which Bormwer may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration ot cuch peric~d, I.ender may. without fnrther notia or demand on Borrower. invoke any remedia permit~ed by para~raph 18 hereot. ~ Non-Utrt~oawt Covetv~rm. Borrotiver and l.ender further covenant and a~ee a tdlows: N li. Aeeekrati~ ltare~ia. EueM as N'uvMe~ io ~ l~ Mersd. ~p~ ~n*a's MwA ot aq c~~e~wt K ~ a~eea~t ot ~rewer I~ tris Mat~a~e. M~el~i tre ewea~ls to pq wwe~ ~~e My s~ws secw~i y~ tW Mo~a~e. I.a~ie~ ~ ~ior a.eeekr.ae..1~i..Y.aice a~or~..er r~o~f~e~ r: ~rapa~h ts IKreot ~eer~s t1) a~e weach: (2? a~e.etM. ~ie~ b cw~e s~e~ ~aeM: (3) ~ i1e. wat ie: q~a 3~ ~s t~+ow tUe aate ~e ~otiee r~alki le Menwer. b w~ki sKi ~ ~+qeh ~t re e~ a~i (4) dw hW~re N c~ee weli Meaew ow or betore tUe iate qalie~ 1~ tUe ~otiee ~s~ ees~it i~ ~ seeele~atle~ ot tYe s~~ ate~s~ b t~ Moet~a~e, torsclowre h~CW M~ a~i alt ~t tMe h+o~ertr. 7be w~tke I ~ ,W r~er i~ron. so~rd..er oE 1~e riRw a reh~ale atter aeeek~sao. a~ eMe ri¢! M..ed i~ Ire r«+eelo.w~e Neeeeis . 1 se ~Mewee .r . ~et..lt or a.r aiet aerewre or 1e~.o..er to .cceleraelo..wi toKeio.a+e. M a~e rraer r..t ayae~ er betore tre ~Ie 4eeliei L tre ~ofke. l.ewde~ s1 l.e~e~'s o/tio~ ~ ~ecl~e ar e/ d~e w~r s~ ~ IAr M~1~ICe ~s re i~~eii~ely ~e a~i ~aMe wNMoiM /~e1Mer demand a~A ~ te~etM~t 16b Moet~a~e ~q }akW /t~eeedi~R. I.endtr d~aN be e~lidei N corett i~ wer ~ ar e~~e~ses of foreclosr~e. iwelr~f¦~. !N tM ~~ile~ M. iea~le sttw~er's fees. : ~ ~ ~ ~ ~ ~ ~ ~ ~ F ~ 1!. ~wa't A~t N Rd~ata Nc~twithstandin~t Lender s aceskntion of the sums secur~d by th~: Mort~a~e. Borrowu thsll 6ave t1~e ri~ht to have any ptoceedings hegun hp Lendet to enfora this Mortp~e disconunued at any time . ; ~ 3~.2 PaGf 2139 ; . _ :~~}._f ' ._'r...;-.,~sG'L~°-~.to.x-~:-: . _ . Q.~:~.sCn:::.,~:.5~r.:'Stl - -