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Home My WebLink About2254 ~ ' Lender's written agraraer?t or applicabk Mw. Borrower ~hall pay the amouM ot all moMp~e iasurarxx premiwas ia tbe ' manner providod under paaariph 2 heroof. a^# Any amounts disbursod by I.e~de~ pursuant to thit para=rsp~r . i~11~` iatecest tAereon. shall becane additioed iodeb~odnas of Borrower saurod by Ihis Mon~sse. U~kss Borrowe~ and I.ender aat+a to other temns of paymeM. wch smouots shal) be paysbk upon nMice tmm l.ender to 8onower roquestina paYment thereot. and shall bear iotetat from the date ot disbursemeot at the ate payabk from tnne to time on ouKtandin` principal under the Note unku pa~ment ot intercst at such rate would be contrary to applicabk law, in which areot such amount: shall bear inte~+est at the hishest ra~ls permiu~'bk u~der applicabk law. Nothina contained io this panaraph 7 shall roqui~+e i.ender to incur aay eacpe~ae or tate any action hereuader. t~eetiN. Lender may make or caux to be made ressonabk cntries upon and inspoctions of tl~ Propertp. p+o~?ided ~ that i.eode~ shall give Borrower notice prior to any such inspation specifyina reuonabk cause therefor rdated to La~der's intercst in the Propeny. 9. C~ The proceeds of any award or claim tor damages, diroct or consequential, in oonoectio~ M?itl~ auy co~ekmnation or dher takina of the Piroperty, o~ pa~t thercof, or for conveyance in lieu of condemnatan. are he~by ~ed aad :hall be paid to Lende~. In the eveet of a tot~l lakina of the PropeNy, the proceeds chall be applied to tAe sums xcured by this MoAisae, with the excess, if any, paid to Borrc+we~. ln the event af a partial takinE of the Piroperty. unku Borrower and ireader dherwise aaree in writin~t. the~e shall be applied to the sums securcd by this Maigaae such proportion of the prooeedt u is equal to that propoMion vehich fhe amount of ~he sumc securcd by this Mo~taaae immediatdy prior to the dale ot taking bears to the fair markN value of the Property immediately prior to the date of takina, with the balance of the pt+ooeed~ . paid to Borrvwer. if th~ Property is abandoned by Bo~:ower. or iL after notice by Lender to Bomower that the oondemnor ot[ert to ma~e . an award or settk a claim for damaga. Borrawer failx to rcspond to Lender within 30 days after ~the date such notioe b maikd. Lender is authorized to colkct and apply the proceeds. at I.ende~'s option, eithe~ to ratoration or repair o[ tbs Propeny or to the sums securcd by this Mortga![e. Unless Lender and Borrower dhervvi~e agrce in writing, any such application of pmcxds to principal shall not e~[ta~d or postpone the due daie of the monthly installments rckrrcd to i~ parsgraphs 1 and 2 he~eof or chanae the amount oE such installmeMs. lA. iorrower Not Reka~e+l. Extension of the time for payment or moditkation of amonization of the sums aecured by this Mortgage granted by Lender to any cuccessor in intercst of Borrower shall not opente to reksse. ie anr manner. tht liability of the origi~al Borrower and Bc?rrower s succcssors in inte~st_ Lender shall not be requi~ed to commei~ proceedioas agai~t such suecessor or rcfua ta ectend time for payment or otherwise modity amortization ef the sums secured by this Mortgage by rcason ot any demand made by 1he original Sorrower aod Borro~ver's successors in inte~+GSt. 11. Forbeaiawce 6~ I.e~der Nd s Waiver. Any forl+eannce by I.ender in exercising any right or remedy het+~tmdet. or otherwise aBordod by applicabk law, shall nM be a waiver of or proclude the eacercise of any wch ris6t or tranedy. The procurcment of insunna or the payment of taxa or other liens or charga by I.ender shall ~wt be a waiver ot Leedar'~ right to acceknte the maturiry of the indebtedness securcd hy this Mortgage. 1=. Rea~eBics Csvatl~c. All rcmedies provided in this Mortgage are distinct and cumulativc to any other riaM or remedy under this Mongage or af[orded by law or equity, and may be exercised cancurrently. indepe~deatly or sucopsiMdy ' 13. S~cces~o~s swd A~d~s ~~i; ,loht a~d Se~eral i.i~bilN~r. Cspdo~s. Tf~e covenants and asroemrnts herein contained shall bind, and the rilthts hercunder shall inur~ to. the.respective successon and assisns of I-ender aad Borrower- subject to the provisions of paragraph 17 hercof. All rnvenants and agreemenu of Borrower shall be jary and sever'+1- 'il~e captians' and headings of ~he paragr~phc of this Mortgage an for rnnveniena only and an not to lie ~ned to interprot or define~the provisans hercof. 14. Natke. Except for any no~ice rcquircd u~der applicabk law to be given in another manner, (a) any ratice to Borroarer p~ov'~ded for in this Mortgage shall be given by mailing such notice by certifled mail addrcssed to Borrower at the Property Addrcss or at such dhcr address as Bormwer may designate by notice to i.ender st pro'vided herein, and (b) any ratice to Le~der shall be given by certi8ed mail. rcturn roaipt requestod, Io Laiders addras ststed herein or to such othe~ add~ess as I.ender may designate by notice ta Borrower ss provided herein. Any notice pruvided for in this Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner desip~ated herein. 13. Uwif~orw Mort~e: Go~ersi~ La.r. Se•erabtity. This form of mortaage combines miform oovena~b for national use and na~-uniform coveoants wilh limited variations hy jurisdiction to co~titute a unifonn security irutrument oorerinj j rcal properry. This Mortgase shall be govtrned by the law of the jurisdiction in which the Property is located. In the eveot that any provision or clause of thic Mortgaae or the Note conflicts with applieable law. such conAict shall not afEeet other provisions of this Mottgage or the Note which can be given eBect without the oonAictina provision. and to this ~ end the provisions of the Mortgage and the Note arr declared to be severabk• ~ li~. ~orrowe~'s Co~y. Borrower shall be furnished a confomKd coP3 of the Note aad of this Mortga~e at the time of eacocutan or atter recordation hercof. 17. .T~arter of tre tro/erty: A~wu~ption• ~f all or any pari of the Property or an interest thereie is sold or transferred ~ u by Horrower without I.ender's prior wrincn consent. excluding (sl the creation ot a lirn or a~cumbwnet wbordinate to this Mongage. (b) the creat~cx~ of a purcha~e money ~ecurity intercst for household aQplianoa. (c) a transfe~ hy devi'e. dacent or by opention of law upon the death of a joint tenant or (d) the grant of any Ies~elwW interat of threc yeaa or ksi not containing an option to purehsse. Lender may, at Lender c option. declue all the sums stcuted by this Mortaaa~e to be immediately due and payabk. Lender shall have w••rived x~ch option to accderate if. prior to the ~ak or transfer. Lender and the person to whom the Propeny ic ~o be u+IJ or tnnsferred reach asrcement in writina that the credit of such person is satisfactory to L.ender and that the intcrest payabk on the sums securcd by this Morta~ge shall be at such rate ac Lender ~ shall requat. if I.ender has waived the option to accekrate provided in ~ this parsgraph 17. and if Borm~wer s successor in interat hu executed a written auumption agrament uceptod in writing by Lender. I.ende~ shall rekase Borrower [ram all oblijations under this Mortaase and the Nae. If Lender eaercises wch option to accekrate, Lender chall mail Borrower notioe of accekntion in sccordancc M~~~h pan,=nph 14 hercof. Such notioe shall provide a period of not las than 30 days from the date the notice is maikd within which~ 8orrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration af wch period. Lender may. without fuKher notioe or demand on Borrower. invoke any remodia permitted bY psrs~nPh 18 hera+f. ~ Na+•UNtFae~t CoveNerr~s. BorraNre~ and Lender further covenant and apee ss idlo~ws: ~ li. Aecek~io~ Ra~eiie~. RseeM a~ ~O~Mei r~ 1~ reieet. ~lo~ ie~nwe~s Meae~ ot aq c~~erw1 K ~ a~e~t ot 1~rswer b tYs Mo~e, iwe~ tl~e eo.e~awts to ~ wMe~ ~e ary~ wws see~eei b I~i 1Mo~qt~e• i.s~ier ~ ~ei~ a aeeekrstlo..~..il.otke a~ornwer: ~o.Mca M~ ~ 14 ~aeoe ~eer~s (1) aie r~eacb: (21 aie sclM~. ~ . fs a~e wer weac~ t3) ~ i1t. ~ol ks qia~ 3~ aays t~ow trc i~te tre Mtke 1~ ~~Yei N iKnwer. Y~ ~I~icr s~c# ~ i~eaeM ~wt ~e ew~ a~i Wt hiaee b c~t s~ M~e~e~ w or ~etore tbe ~ate tDt M~ety. ~etiee aeeeleratl...t be s.i.. nc~ h?1N~ Mort~,aRe. r.~aios~re b i~~ !~s ~ . d~i t~ i~ten~ 1o~nwe* d tlie ~M te ~ble aNer actek~Mio~ asi tMe r1~M b areA i~ tre toreeNwrt ~eee~~ ~e ~Me~te at ~ ~eta~lt or a~r other ~efede ot ~onover N actekratfe~ ~ tweelo~we• ~ Iwt ~ee~er Is ~N e~i M ~ or ~eters !~e rMe 4eelie~ b fie ~ofke. l.e~/er st I.ew~'s o~tio~ ~a7' ~ecl~re a~ ~ tre a~ ste~te~ iy IY~ Mw1~10e t~ re ~ii~r ~e a~/ NyaMt wilrorl talrer ~einand a~d may f ~~t ~N i¦Me~ rea~e~nilt stt~xL~ fta. ~ be ~~tltl~i te coieet i~ wei ~ all e:'e~ses ~?f torcclosw~e. ~n a¦i oMb ire~-'~e~r7 sMtrsel~ a~i titk te~eb. ~en~p~s R~it q ReWta~te. Natwi~hstandinE Lcnder's acakntion of the sums securod by ~h~: M~rtta~e. gorro~rer sha11 bave the ri~ht to have any procad~ogs hegun hy Lender to entorce this Mort~aae discontinued at any time ~ 3~2 P~E 2252 ~ ¢ 6 ^-'.y<=:a s?~-.-.~ . " ' . . ' . . 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