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Home My WebLink About0057 _ _ - - _ - - ~w.~ • - • ~ ~ ._i ; Leader's written agroement a spplicabk law. Borrower shall pay the amount of all mortgage insurance premiums is the manner provided under paragraph 2 heroof. Any amounts disbursed by Lender pursuant to this paragraph 7, with iatereq thereon. shall become additional . indebtedness of Borrower secured by this Mortgage. Unks: Borrower and Lender agree to other farms of payntettt. such smounta shah be payable upon notice from Lender to Borrower requestin pa~Yment thereof, and shall bear interest troan the - data of disbursetrtertt. at the rate payable from time to time ow otrtga,g'Pnnc~pal under the Note uaku pa~nsent a[ intueq at such rata would be contrary to applicable law, iq which event such amounb shall bear intereq at the highest tsAe permiaibk under applicable law. Nothing contained in this paragraph 7 shall require Lander to incur say expense a tabs say sction hereunder. R iaspsetiaw. [.ender may make or cases to be made raasonabk entries upon and inspections of the Property. provided that Lander shall give Borrower notice prior to any such inspection specifying rrasonsbk cave therefor related tD Fender's , intareq in the Property. Cenieaasttisw. The proceeds of any award or claim for damages, direct or consequential. is oortneetioa with ssty condemnation or other taking of the Property, or put thereof. or for conveyance in lieu of coaddnnatioa. are herebr sesigttei and shall be paid to Lander. . in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage. with'the excess. if any, paid to Borrower. Tn the event of a partial taking of the Property,. unless Borrower and Lender otlterwisc agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the prroeedt at is equal to that proportion which the amount of the sums secured by this Mortgage itntttediately prior to~tlre dale d taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance d the pr+oceedt paid to Borrower. _ _.v 1f the-Property_i: abandonedhy_Borrovrer..or_IL-after_notice by Ler~er_to-.Borm~etet.2bstthssonSk3an41L4~iLt<to ~ an'award or settle a claim for damages. Borrower fails to rapond to Lender within 30 diys after'tbe date such notice is mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to regoration or tt~air d the Propltty or to the sums secured by this Mortgage. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shag not exlad or postpone the due data of the monthly installmrnts referred to in paragraphs 1 and 2 hereof or change the amarat d such installmwts. la, Borrower Not Rekawi. Extrnsion of the time for paymrnt or modiAcation of anartiution of the sums secured by'this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release. in say manner. the liability'of the original Borrower and Borrower's successors in interest. Lender shall not be required to commerroe proceediap sgairat such successor or refuse to extend time for payment oa otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's stx~oessors in intereq. -------11.-Forhearasea it Levier Nona Waiter, Any-forbearance by Lender in exercising any_righiozcatnedy_L~te_ rder,.o~ otherwise afforded by applicable law, shall not be a waiver of or prcchde the exercise of any such right or remedy. - The procurement of ia:uranoe or the payment of taxes or other liens or charges by Lender shalt not be a waiver d Fender's right to accelerate the maturity of the indebtedness secured by this Mortgage. It Reseiies Ctirrniitlve. All-remedies provided in this Mortgage arc distinct and cumulative b any other right or remedy under this Mortgage or afforded by law or equity. and may be exercised ooncurrentty. independeatiy or suooessivdy. 13. 8neeeasors awl Assips Doiaii:.foist ani Several TLttYif>; Capeisas. 'T1ie covenants and agraararts herein contained shall bind. and the rights hereunder shall inur+g to, the.rapective successors and assigns of Lander sad Borrower. wbject to the provisions of paragraph 17 hereof. All covenants and agreerrknts of Borrower shall be jdrg and several. The captions' and headings of the paragraphs of this Mortgage are for eonvenienoe only and are not to tk used to interpret or define the provisions hereof. 14. Notfee. Except for any notice required under applicable law to 6e given in another manner, (a) any notice to Borrower provided for in this Mortgage shall be given by mailing such notice by certilled mail addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Tender u provided herein. and - (b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address. paled herein or to such other addrees as Lender may designate by notice to Borrower s: provided herein. Any ratios provided for is this Mortgage shall be deemed to have been given to Borr+ovrer or Lender when given le the manner designated hereit. 1S. IJsirorrw Mortgage: CorerdaR Law: SererabiBfr. This form of mortgage carbines uniform covenants for nafiond ~ use and ran-uniform covenants with limited variations by jurisdiction to corwtituta a unifona sECUrity iratrumet~t oo~veriag ~ real property. This Mortgage shall be governed by the law of the jurisdictiou in which the Property is located. Te the event that any provaion or clause of this Mortgage or the Note conflicts with applicable law, such conflict shsp not aQect other provisions of this Mortgage or the Note which can be given eBect without the conflicting provision. and to this end the provisions of the Mortgage and the Note arc declared to be severable. if+. Isorrvwe~s Co*r. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time o[ execution or after recordation hereof. 17..7lrassfer o[ the lroperty: Aswwpiow. Tf all or any part of the Property or an interest therein is sold or uarrsferrcd by Borrower without Lender's prior written consent. excluding (a) the oration of. a lien or enewnbnnce subordinate to this Mortgage, (b) the creation of a purchase money security interest for housel~oW appliances, (c) a transfer by devise. descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intereq of three years or less not containing an option to purchase. Lender may. at Lender's option. declsrc sll the sums secured by the Mortgage to be immediately due and payable. Lender shall have waived such option to aooelerate if. prior to the sale or transfer. Lender and the person to whom the Property is to be cold or transferred reach agreement in writing that the credit of such person is satisfactory to Lender and that the inten~ct payable on the sums secured by this Mortgage shall be at such rate as Lends shall requeq. if Lender has waived the option to aceekrate provided in This paragraph 17, std if Borrower's successor in intetest has executed a written assumption agrcentent accepted in writing by Leader. Leads shall release Borrower from all obliptions under tbis Mortgage and the Note. Tf hander exercises such option to accelerate. Lender shall mail Borrower notice of aocekration in accordattc~. with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the data the notice is mailed within which Borrower may pay the sums dxlued due. if Borrower faih to pay such sums prior to the expiration of such period. Lender may. without further notice or demand on Borrower. invoke any remedies permitted by parsgraph IR hereof. Nor+-Ut+t~ttr~t CoveKatrrs. Borrower and Lender further covenant and agree as follows: ifl. Acederatie~ RasaYa. Bxegt r N'ariiei L 17 hessot, s!w >terrwrres's irswti d t4 tevewsrtt ~ sgreetst~t at >iarrrwer r This Merlgage, iwelwtMrtg tie ewaasb h pq whes. iwe ttwr wows secwetl r!' tli MalRage. Iwwisr psiotr to acerieratlsa, siai rssN wa~lke a >terrower ss pr+svliei iw psragealb 14 Itertar speeMlisBs p) !1e iseweMi t=1 t11t wetiaw spiel Is ease wrei (3) • isle. net less des 3t lays rs~ow tie Lie tie tsetice it sisMi M liersrtwer. h7' wild srKh hnseh MM k errsei~ ssti (n lisl tattwre M esre wtci trresei os er id'ire tie date ~ ~ d t~ wstioe aoiatlsn er tie wrens seettrsd i!' tiffs Malgage, r«'selowre b i~~ nisi twslier iwress lorrslwer of lie right t. reftsslalt dtw st:eekratiow asri Nre rlgM N sssert i• lie f!ereelsswte psrtesettng tie tsos*arMesoe d s itiattlt or any crier /eretw of >forrs+wer N aeederatla. awl rKeelswie. • ttte tts~adt 1s stet e~rsi es K Mres+e tae lase speeYei r lie Ntire. B,ertier at I.ewierws e/tien rasp iaelsse r er the strrws sae¦sei ~ this 1bNst=ags Is k iwnseifaleir fire asMi wile wiliowt twrtha dcwraws awl star ferceiase tilt Mestpge b jdielsl psressii¦g. Lewder dtsp M edMai N eeiset V wtei ~rwe~eeiiag si txpessa a4 foreeloawste. iwcisisg. trstt stN rrsNai Mr seasesaYe sttoraey"a tees. ttN essls d ire eviiewce, itrweb sssi Wk reperb. i!. ~erswwa'ri ~ N Rllastala Notwithstanding Lender's aceekrgion d the sums secwed by the Mortpge. Borrower shall have the rigbt to have sny procadings begun try Levir to enforce this Mortpge discontinued at say liras Bow 3~6 P~~~ 5'7