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Home My WebLink About2147 . . . 2 . ~ ~ ; ~ . 1 ~ Lender's w~tte~ agrcemeot or spplicsbb law. Borrower shall pay the amount of all mo~tgaae iruurana premiums in the ; manner p~ovidod uoder puaaraph 2 heroof. Any amouots disbuned by I.ende~ pursuaM to this paraanph 7. with iaterest the?eo~. shall bccome additional ~ indebtedness of Borrower securcd by this Matgaae. Unless Horrowe~ and l.eoder aana to dhcr ternu of paymeM. such ~ amounts ahall be paya6k upon nc~tice from i~nder to Bonowet requeslin6 paYment the~eot, and shall bear inlenat 6~an the date ot disbursement at the nte psyabk fwm ti~ne to time o~ out:ta~dina principal under the Note unkss pa}nnent ot ' interest at such 'rate would bs contnry to applicable law, in which event such amounls shall bear ~nte~e.st at the hishest rate ~ pernniuibk under applicabk law. Nothing contaiood io this paraaraph 7 shall require Lende~ to incur any eacpe~ae or tate aoy action hereuadu. irpeefbw. l.e~de~ may make or cause to be made reasonabk entries upon and inspections of the Property. p~ovided ~ : that Lender shall give Borrower ~olice pricx ta sny such inspection spocifyina reawnabk cause therefor related to i~endet's ; interest in the Property. ~ 9. C~ The proceeds of any award or claim for damaaa, direct or rnnsequential, in co~nection w?ith anr ~ coodemnation or other takina of the Property, or pa~t thercot, or fo~ conveyance in lieu of condemnation. are he~eby assijned and shall be paid to I.ender. - ln the event of a total takina of the Propeny. the proceeds shall be applied to the sums xcured by this Mott~ase. ~ with the ezcas, if any, paid to Bonc~we~. ln the eveot af a partial taking of the Property. unless Borrower and Lender otl~erwise aaree in writin~t, there shall be applied to the sums secured by this Mortgaae such pmportion of the prooeeds ; as is eqwl to that proportion which the amount of the sums xcured br this MortEaae immediately prior to the date ot takina,bears to the fair market value of the Propeny immediately prior to the date of taking, with the balanoe of the prooeeds paid to Borrorvtr. if the Property is abandoned by Borrower, or if. after aotice by t.ender Io Borrower that the condannor oQen to mate ~ an award or sepk a claim for damaga. Borrrnver fail~ to rcspond to Lender within 30 days after ~the date wch notiae h i maikd. I.ender is authoriud to collect and apply the proceeds, at I.ender's option. either to ratoration or npair ot ffie ~ Property or to the sums secured by ~his Mart~a~e. ~ Unlas Lender and Borrower dhenvice aarce in writing, any such application ot proceeds to principal shall not rattead or postpone the due date of the nanthly installments referred to in pangraphs 1 and 2 hercof or chanae the amount of ; such i~stallments. f 1~. Domower Not Relearei. Factension of the time for payment or modi6c~tion of amort'rr~tion of the sums sacured < by this Mortgaae g~nted by Lender to any cuccecsor in intercst of Borrower shall not opents to rckase, in any mann~, ~ _ the Iiabilily ot the origir~al Botrower and BcKrower e successon in intercst. Lender shall not be requi~ed to commenct s proceediogs against such successor or rcfuse to eatend time for payment or othe~rvise modify amortization of the sums ~ securcd by this Mortgaae by reason of any demand made by the oriRinal Borrower and Borrowe~: successors in interest. ~ 11. For~earaece dy i.e~der Nut s Wsiver. Any forhearance by Leoder in exercising any right or remody hereunder. or } othenvise aBorded by applicabk law. shall nnt be a waiver of or preclude the exercise of any such riaht or remedy. ; The procurcmeot of ieauranoe or the payment of taxa or other lie~s or chargec by Lender shall not be a waiver of i.et~de~s i right to acceknte the maturiry of the ind~btedness ~ecured hy this Mortgage. ~ 1=. Reweaks CwrhlMe. All remedia provided in this Mortaagt arc distinct and cumulative to any other riaht or remedy under this Mortgage or sRorded by law or equity, and may be exercised concurnently, independa~tly or successivdy. ~ 13. 9~ceras a~i As~s Dor~:.loi~t a~d Se•eal i.i~bi~ry; C~ptio~s. The covenaats and asroements herein ~ oontained shall bind, and the rights hercunder shall inurc to, the rcspective suc~ors and assigns of Lender aad Borrower. - wbject to the provisions of paragraph 17 hercof. All covenants and agreemmu of Borrower shall be joiM and sev~al. ~ 'iUe captio~' and headings of the paragraphc ~f this Mortgage arc for convenience only and are not to !k ~aed to = interpret or detine the provisans herec~f. ~ i~. Nodea Faccept for aoy notice rcquircd under applicable law to be given in another manner, (a) any notice to - Borrower provided for in this Mongage shall be given by mailing such notice by certi&d mail addressed to Borrower at the Property Addrcss or at wch aher address as Bormwer may designate by notice to T~nder u provided hercin, and (b) any rative to Lender shall be given by cenified~mail, return raxipt requestod. to Leode~'s addras stated hercin or to F such other address as C.ender may designate by nMice to Borrower as provided herein. Any notia provided for in this ~ ~ Mortgage shatl be deemcd to have been given to Borrower or Lender when given in the manner desianated herein. S ' l5. Udton~ Mort~e: Go~eniNt Law: Se~era6Nity. This form of mortgage rnmbi~a uniform covena~ts for national ~ use and rwn-uniform rnven~nts with limited variations by jurisdiction to constitute a uniform ~ecurity instrument ooverins - ~ real property. This Mortgsge shall be governed hy the law of the jurisdictioe in which the Pwperty u located. In the eveot Ihat any provision or clause of thic Mortgage cu the Note conflicts with applicabk law, such conflict shall not aRect ' j other Provisions of this Mortgage or the Ncxe which can be given e~ect without the oonAiMing pmvision. and to thn ; ~ end the provisions of the Mortgsge and the Note arc Jeclarcd to be severaMe. c ~ lf. >oe~wei's Co~y. Borrower shall be furniched a conformed cop~• of the Note and of this Mortgage at the time ~ ~ of pcecution or after rocordation hereof. ~ 17. .7tinder ot t6e h~o'e~ty: A~waiptiow. Tf all or any part of the Pruperty or an interest theroin is sold or transferred ~ ~ by Borrower without I.ender's prior writtrn consent. excluding (al the crcation of a lien or encumbrance wbordinate to 3 this Mortgaae. (b) the crcatic+n of a purcbaa money security interat tor houachold appliances, (c) a ~nnskr hy devise. ; desoent or by opention of law upon the death of a joint tenant or (d) the annt of any kasehold interat of threc yeaa or kss s ~ rat conhinin~ an option to pur~chase, Lender may. at Lender s option. declare alt the sums ~ecured by this Mort6age to be immediatdy due and psyable. Lender shall have w••rived such option to aexekrate if. prior to the ~ak or transfer. Lender X and the penon to whom the Propeny ic t~~ be colJ or tr~nsferrcd reach agrtement in writina that the crcdit ~f cuch person is utisfactory to Lender and that the i~?tcr~~ct payabk on the sums secured by this Mortgage shall be at sikh rate ac Lender shaQ roqoat. if Lender has waived the option to acoelerate provided in this pongnph 17, and if Borrower's successor in interest hu executed a written asswnption agreement ucepted in writing by Lender. Lender shall rekase Borrower fram all oblj~stions under this Mortgaae and the Note. if Lender exercisex such option to accekrate. Lender shall mail Borrower notice of xcekntion in accordancc w•ith panjraph 14 hereoE Such notice shall provide a period of not las than 30 days from the date the notice is maikd within which Borrower may pay the sums declarcd due. If Borrower fails to. pay u~ch sums prior to the expintion of cuch peric~d. Lender may. without further notice or demand on Borrower. invoke any remedia permitted by pan`raph 18 hercc~t. ~ Not+-Ut+tFatnt CoveN~t~s. Borrower and Lender further covenam and asroe as fdlo~rs: ~ ~ !i. Acederafior Rewc~s. Eue~t a~ M'ovMs~ h~n~M N hereot. ~ 1~enwee's ire~c~ et ~ c~~e~t ~ ; ~ a~r~ee~e~t ot ~er b~4 Moet~a~c. ~L tre core~ssts to p wbe~ i~e a~y ~ ue~re~ rj IMs MorfRa~e. [.e~ier = ~ pior 1~ aeee~erado~ ~~N wotlee to ~ornwer a~ ~ro~i~e~ Iw 11 bered qecUpl~s tl) !~e ~acM: (2) tUe sa1Mw ~ ~ io ewe we~ Mrae~ (3) a d~1c. ~at le~ tlww 30 ds„ trow~ Nie iale tre ~otke r w~Yei !e lenow~r. rf' wlikr srel~ ~ ie~e~e~ ~t ~e cRS~ a~i d~at hW~e to a~e wc6 Meael~ o~ er retore tre ~te qecl~ei i~ tUe ~olice ws~ eesrlt f~ aa~deratlM ~ 1~e ~~s aecrrei by ~Y Ma1~aRe. /aeclowr~r r7' J~Akhl MoeaeiML a¦i ate ot t~e M't~ry. 71ie ~etks ~ daM frtber f~ferw ~nwer of q~e riRMl to reia~tate aNer sceekrMio~ a~i ttie ~At ts ared M t~e to~tel~wne ~eoeee~ . de ~ott~ta~et ~f a iets~lt or aq Mlier ~efe~ne of 1o~rower N secekratiM a~i toreelowre. N tl~e i~eacw i~ ~wt c~ei e~ ~ or Deta+e qie LIe t'eel~ei i~ !re ~elkt. I.e~er st t.euaer's o~tiow ~~cch~e ai o11re sw~ secwe~ ti IMI~ Mo~t~pe Is re t.,,eii.lei~, ~e a~i ~.yaMe..itro.~ tatber aernana awd ~n.y re~ecb.e dd. M«~e~ b i~ic+~l wreaedi~. r.~nde..AaW re eNiqe~ N eoieet 1~ we~ ~ a¦ espc~ses af toreclos~e. l~eh~. ~t MI ~wNe/ Mr ~ stt•xwer's fees. a~i cwls ~t i~e~e~hr! e~iiewee+ aMt*scb Mi titk re~orls. If. 1~nwe~'s Rat t~ Rel~Mate. Ndwi~hs~andinE Lender's acakratan ol the sums xcured sy th~: M~n~a~e. 8ormrva shall 6ave the ri~ht to have any proceedin6s hegun hy Lender to enfora this Monpae discontinued at any time hf?~~j(. ,.k3~2 ~~~E2145 ~ - : : -