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Home My WebLink About2159 ' - i . ~ . ~ , . . l~nser's writtco agroemeot or applicabk law. Borrower shal) pay the amount ot all mortgage insuraace premiums in the ~ manne~ provided unde~ parag~aph 2 heroof. Any amounts disbur:ed b~ I.ende~ puRUant to tha wna~.~n 7. with interest therooo. shall becom~ additiooal indebtcd~ess ot Borrower securod by Ihis MonYa~e. Unless Boroowe~ aod 4ender agr+oe to othe~ tern~s of paymeM. wch ~ amounts shall be payabk upoo nc~tice f~om [.e~b Bdrtowe~ roquestinE psYment the~eot, and shall bear intenst from the ? date ot disbursement at the rate payahk from time to ~ime on aitata~dins principal under the Nota unless pa~rnreat ot interest at such rate would be contrary to applicsbk law, in which event such amounts shall bea~ interest at the hiabest ra~s pertniss~'bk w~de~ applicabk law: Ndhing containod in this pangnph 7 shall ~uire l.ender to incur aay expe~ae or t~ite i any sction hereuade~. ~ i S. i~ectie~. Lenck~ may make a~ cause to be made rcasonabk entries upon and inspections of the P~ropem?. pro'rided i that Lende~ shall Rive BoROwer ootice pria~ to sny~ such inspectioo speci(yina reasonabk cause theretor related to i.aiders ~ intercst in the Pmptny. ~ ' 9. Co~dew~atbw. The p~oce~eds of any award or claim for damaga. diroct or co~sequential, in connection w?ith auy i condemnation or other taking of the Propeny, or patt thercof, or fo~ conveyance in lieu of coodemnation. are here6~? assi~ned ~ and shall be paid to Lende~. ~ in the event of a total takin6 of the Prope~ty. the proceeds shall be applied to the sums xcurod by this Mataa~e. a with the escess, if. any, paid to Borrawer_ ln the eve~t of a partial taking of Ihe Property. unless Borrowe~ aed La~der f otherwise aaroe in writin~t, therc shall be applied to the sums securcd bg this Mottgage such proportion ot the proc~edt ~ as is equal to that propoAion which ~he amoum of the sumc securcd by this Mortsaae immediately prior to the d~Ee ot t takina bears to the fair market value of the Propeny immediately prior to ihe date of taking, with the balanoe of the ptooeeds ~ paid to Bormwer. if the Propetty is al~andoned by Bor:ower. or if_ after notice by Lende~ to Borrower that the condemnor oRets to mdce ~ an award er settk a claim for damages. Bc~rmwe~ fails to respond to Lender within 30 days after ~the date such notioe is ~ maikd. Lende~ a authoriud to collect and apply the procceds. at Lender's option, either to restoration or repair ot tba PropertY or ta the sums securcd by this Mon~rage. - Unku.i.ende~ and Borrower otherwise agrce in writing, any such application of procoeds to principal shall not exta~d or pcutpone the due date of the monthly installments refemed to in paragraphs 1 and 2 heroof or chan~e the amount ot ~ such inslallmeats. ~ 1~. Eo~rowe~ Not Rekascd. Faetension of the time for payment or modiRcation of amortiz~tion of the wna ~ecured by this Mortgage gtanted by Lender to any cuccessor in intercst of Borrower shall not ope~att to rekase, in any maoner. { the liability of the original Bo~rower and Borrower e succeuors in interat. Lender shatl not be requircd to commenoe 3 proceedio6s agai~t such successor or refuse to e~tend time for payment or othervvise modify amortia~tion of the sums ~ securcd by this Mortgage by rcason of any demand made by the original Borrower and Borrower's successors in inCerc.tt. 3 ll. Fo~eara.ce by t.e~der Na a wai.er. Any fotfiearance by Leoder in exercising any right or remedy ha'amder. or = othenvise afforded by applicabk law. shall not be a waiver of or procl~de the eaercise of any such right or nrt~edy. ~ The procurcmcot of insuranoe or the payment of taaes or othe~ liens or charges by Lender shall not be a waive~ of I.e~der's right to acceknte the maturitp of the indebtedness cea~rcd hY this Mortgage. 12. Iteweaies (,~~IdFa All remedies provided in this Mongage are d'utinct and cumulative to any other riaht or ~ remedy under this Morigage or afforded by law or equity, and may be eaercised concurnentty. independently or successivelY• ~ 13. S~ece~ors a~ Asi~as ~onnd: Joid aw~ Sere~al i.hbAffy: C~Pt1o~s. The covenants and a6reemrnts l~er+ein ' containod shall bind. and the riRhts hercunde~ shall inur~ to. the.respective successors and assigns of Lender apd Borrowrer. ~ :ubjoct to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and sevsnl. The captions-a~d hcadings of the paragrrphc of this Mongage arc for conveoience only and an not to Ise u~ed to 3 interprct or define the provisions hereof. ~ 14. Notke. Except for any natice rcquircd under applicabk-law to be given in another manner, (a) any notice to Borrower provided for in this Mort~tage shall be given by mailing such notice by certifled mail addressed to BoROwer at the Propcrty Address or at wcfi dher addrcss as Bormwer may designate by notice to i~nder as provided hercin, and (b) a~y ratice to Lender shall he given by certified mail. return raxipt requested. to Lmder's addras stated herein or to such other address u Lende~ may designate by nc+tice to Borrower as provided hertin. Any notioe provid~d for in tha ~ ; Mortgage shal) be damed to have bcen given to Bonower or Lender when given in the manner desi6nated herein. 1S. Uwiton~ Mort~sRe: Go~eruiaR Laa: Seven~fry. This form of mortgage comb+nes un~form oovenants for national ~ j use and ~wn-uniform covenants with limited variations hy jurisdiction to constitute a uniform ~ecurity instrume~t eaverin= ~ ~ real property. This Mortgage shall be Roverned hy the law o[ the jurisdictioe in which the Pmperty u located• Tn the , event that any proviiwn or clause of thic Morigagc or the Note rnnflicts wit6 applieabk 1aw. such conAict shall not affect ~ ~ other provisions of this Mortgago or the Note which can be given effect without the co~~Aicting pro~ision. and to this ~ end the provisions of the Mongage and the Note arc Jeclared to be severabk• Y r lf. fon~ower's Corr. Borrower shall be furniched a conformed cop~ of the Note and of this Mortgage at the time of execution or after recordation hercof. ~ 17. .'l~arfer of tbe Tro~erty: Ass~+wP~io~• 1f all or any pan of the Property or an interat thercin is sold or transferred by Borrower without Lender's prior wriacn consent, excluding (al thc creation of a lien or encumbrance wbordinate to ~ this Mortgage. (b) the creatux~ of a purchau money security intercst for howehold appliances, (c) a tnnsfer hy dev'ne. f descent or by operation of law upon the death of a joint tenant or (d) the srant of any kasehold interat of threc years or kss ~ not containing an option to pur~chase, Lender may.. at Lender s option, declare all the sums ~ecured by this MoRgage to be = immediately due and pagabk. Lender shall h~ve w•aived such option to aocelerate if, prior to the cak or ~ransfer, Lende~ ; and the person to whom the Property ic ta be cc~IJ or transferred reach agrcement in writin: that the crcdit of such per~on ; is satisfactory to Lender and that the inter~~e payabk on the sums securcd by this Mo~taage shall be at such rate as Lender ~ shall rcquat. if Lender has waived the opion to accekrate provided in this pongraph 17. and if Borrower s succasor in ~ interest hu executed a written auumption agrcement accepted in writing by Lender. Le~du shall rekase Bonower from all ~ obljaations under this Mortga~e and the Nae. i If Lender exercises such option to accekrate. Lender shall mail Borrower notioe af ucekntion in accordanc~ vr~~h p~ra~rsph 14 heroof. 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 wrtu dcclared due. If Borrower faih to pay x~ch u~ms prior to the eapiration of cuch period, Lender may. without further notia or demand on Borrower, invoke any rcmedia permitted by para=raph 1R hercof. : ~ Na+•Ut+tFatnt CoveNSrrrs. BoRaner and l.ende~ further covenant and ap~ee as' fdlo+rs: f ~ ~ ~ li. AceekraW~ Re~edia. E:ee~t r~rnvfaea i~ Mea~M 17 6e~eaf. ~lew ~ern+~e~s i~eae~ ot aq c~~ewrt K ~ a~t ot i~ewes d t~ Moet~s~e, i~cl~i~[ trc co.ewaMs to ~ wfe~ ~ aoy s~s see~ei b t1i41Morqt~• ' ~ Is ~ceekratlo~ sra! waY ~otke to Ean~swer as ~oriAe~ M~ 14 bereot qeel[yM~ (1) q~e rre~c~ (2) the setio~ ~ ~e~is~ /s e~ne wer i~eacl~ t3) ~ hre. wot ks daw 3~ asys tro~ t6e iate Ire ~efiee r wrle~ N~ernwer. h' whkr s~i M~eael~ a~t ~S e~e~ a~i (4 d~at taYrre to c~s srcA breacM o~ or retae tbe date'seiiea i~ tl~e ~otfee wsp resrM b ~ seeele..lie. ar ue w.r ,a.re+ br tW M«+~+~e. ro.a+u..re h~ r~L •~i de ot ne h~u~erty. 7Ue .otice A ~ trrtrer id~ ~or'ro..er d tMe tiRM b rei~tMt atie~ secekrMiw~ s~i t~e ~t Ip areet fw trt ta'eekw~e /rseee~ i ~ ~e.o..e~a~ ot. a~t..k or ¦.r a~ ~r~¦.e or ~o..o..K ~o.Ke~~o. a¦a to~ow~e. x aK ~r ~.a ~ e. ; er betore u~e ~1e qec~liei i~ t~e ~otk~. t.ew+e~ s~ I.e~er•: o~tiow ~ decdre a11 ot tre s~s seewe~ b tldss 1Ne~e ts re ; `w~iWely ~e aw~ MyaNe r?k1io~1 t~lber demand aaA may taeelo~e tli 1Y~t~ ~ ~N~ ~ f ~e atltle~ te eo~ect i~ s~ N+oc~eeiM~ a~ es~ew~a ot forccloss~e. I~cl~ii~[. ~ a~i eo~ts ot i~e~t.'~e~t~' e~+ al~trscb awi t1t1e ee}orb. 1!. ~ee~~'t R~t a Rei~ht~. Nc~twithstandinE Lender s acoeleration of the sums secured by ~h~ Monssse. ~ sha11 have the ri t to have any proceedings heEun t~r Lender to enforce this Mort~ase discontinued at any time i~ BOtrO~u 6h - + ~ niiriK P!!:E 1 _ _ _ _ _ . - - -