HomeMy WebLinkAbout0179 i
_ - . ~ ..i.
Lender's written agrrerna?t or applicabM law.. Borrower shall, pay the srtr~•~.rat d cell .a+~typ~ ;Macs gteanitsaat tat the ~
manner provided under paragraph T hayed. . ~ ~
Any amounts disbursfd by Lender pursuant to this paragraph 7. with ioterrst thereon. shall becoate additioftd
indebtedness of Borrowtr secured by this Mortgage. Unks>: Borrower rdd' t~tae to other tests d payttteat. srsdt
amounts shall be payable upon trotice from Lef~tr to Borrower r+egttestins payment thereof, ofd shall bear Ifrterest frntM tlta - t _
date of disburseanent. at the raft payal+k from time to time on outstutdlrtg principal urrdfx the Nola ttnkfcs pa~rrtestt d _
inttnst at such raft woeld be cattrt!ry to appiicsbk law. in which event such stnouats shah bear iater+est at the higltat rate i
t
ptrsnissibk under aFplw.abk law. Nothing contained in tha paragraph 7 shall r+equitrs Lerrdtx to iwcxtr gay expfwae ar fate, ~
-gay sction haeutdet.
- s. httleetien. hinder may make or cause to be made reasoaabk ertlrias upon and insptdiurts d thG Property. provided .
that Lender sMll give Borrower notice pricx to any such insp: coon spes:ifying tessonabk cave therefor r~ehlod b i,ewder'fs
interest in tltr Property.
Grtiemrradaw. The proceeds of any award a claim fa damages. diext or ~ooasequattid. is eoatoctiow wilt ally .
condemnation or other taking of the Flroperty, a part thereof, or for conveyance: in lieu of eoademaatioa. are heeebg? arsigtted
and shall be paid to Lender.- - .
in the fwtM of a total taking of the Property. the ;rroceeds shat! be applied to the somas secured by this Mortgage.
with the exoas. if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower sand lt~esder .
otlta~vist agree in writittlt. there shall be applied to the scans scarred by this Mortg>ga such propottioft of file p~noee~
as is equsl to that proportion which the amount of the sums scarred by this Mortgage imaterrnt€ly prior to *:fe f1u0e d
taking bears tc? the fair market value of the 1'Saperty immediately prior to the date of taking, with the balatnx d file proceedi
i
_ if Properly is abandoned by Borrower, or if. after entice by Lender to Borr+artr that the onndesaaor client to tttalas
an award a settle a claim for damages, Borrower [ails to respond to Lender within 30 dsys after the date sud? aotioe is
mailed. Lender le authorincd to cdkct std apply the goceeds, at Lender's option. either to restoraiart or repair d the i
Property a to-the sums sxtrred by this Mortlgfite.
Unless Lender artd Borrower otherwise agree in writing. any such application- d proceeds to principal shsll got etttad
. or postpone the due data ~~f the monthly itrstallments deferred to in paragraphs 1 and 2 hereof a dtange the arwofsat d
_ - ~ F
such iB. d>sorr~ewer Not RekaaeA. Extension of the tune for payment or rrtodiAcatiai d s*aortizatiott d the :oats secer~ed ~
by tha Mortgage granted b!r Lerrdsr to any crtcoessor in interest d.Borrowtr shall not ope*ate to relaee. ut arty tasnutar.
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be tegrirtd t» cofrrrtertoe
proceedings against- such wooessor or refuse to fxlend time far payment a otherwise modify amorti~tian off the somas
sxured by this Mortgage by reason of any demand made by the orittinal Borrower and Borrower": successors is lfMtrest. -
il. Falbearawce ly i~ewier Not a Waive. Any fotbarance by Lender in exercaing any right or remedy herpfrtder• ar ;
otherwise afforded by appliabk law. shall not be a waiver of or prechtde -the exercae of gay suds right a reatedy.
The procursmetrt of insurance a~ the payment of taxes or other liens a charges by Lender shall not be a warren d Latdeaf's
right to axckrate the maturity of tha indebtedness secured by this Mortgage. }
12. Reaseif: Crwtrhdvf:. A~~ remedies provided in this Mortgage art d'atinct and arrnulatrvt b gay other right a
ranedy under this Mortgage a atiorded by law M equity. and may be exercised ooftcrrrrattly. irtdepnrdeady or suooewively
13. Srccssers awl AstiRwt librwA:.Iaiwt aei Seved IiiilJq:~ Gpdotts. The eo+ratarrb and agreeetents herein
curtained shall bind. and the rights berturrder steal! inurg to. the.rtspective suooessws gad sssigrrs d iettdf:r apd
subject to the of paragraph 17 hereof. All .covenants and agredrtasts d Borrower shag be iMati and
71re captions' and headings of the pangnphc of this Mortgage are for carveniertct only and an not to lie used to
interpret or define the provisions lrered.
id. NMke. Except for any notice required under applicab'~• lacer to be given in attottter manner. tor) arty relict to .
Borrower provided for in this Mortgage shall be given by mailing such notice by certiAod mat? addressed to Borrower at
' the Property Address or at such other address as Borrower map designate by notice to T.endet as psavidett ht:reiw. gad
(b) any notice ro Deader shall Ire given by certified mail. return rtctipt rtqut~ted..o i.cndet's t-'Tdces. stated bereirt or to
suc-1• r other address as Lender may .designate by roller to Borrower ss provided herein. Any notice provided far ~ is tills ~
Mortgage shall be deemed to love been given to Borrower or Lender when given in the martrta' dt~r+ated hfseia. -
IS. ' LJeiform Mort~e: Coventimt Law: Severa6ifity: This form of mortgage eaabines uaifarm oov~awrb for aatioral
~ use and non-uniform covenants with limited variations by jurisdiction to constitute : wtifomn security' ietstrwaent eoverireg
real property. This Mont=age shall tx governed h)' the law of the jurisdiction in which the Property a located. to the _
event that any provision or clause of this Mortgage or the Note conflicts with applicable law. such oonllict shall rat aged
-other provisions d this Mortgage or the Note which can be. given effect without the oonAicting pravfsiort. and to tint r
end the provisiofts of the Mortgage and the- Note are declared to fie sCVttabk. -
16. >ier^t?wer's Co'y. Borrower shall be furnished a conformed copy of the -Note ofd of this Mortgage at the time
d foctcutan or after recordatiou hereof. -
1T..7'raattrr of tit Pre*e*Iy: Asffrrpiow. if all or any part of the Property or get interest therein is sold or trartsfartd
!>y? $orrower without l.etrdtr's prior written consent. excluding (a) fire eteatiat of a lien -or encumbrance sraborduratf: to
- this Mortgage. tb) the ct+eatan of a l+urchace money security interest for household appliances. (d a transfer lry dtwise.
r descent or by operation of law upon the death of a joint tenant or td) the grant of any latsdtold interest of three years or lest
riot containing an option to purchase. Lsnder may. at Lender
s option. declare all the cams secured by this Mortgage to lie .
immxdiately due and payable. Linden shall have waived such option to aocsleratt if. ,xior to the sale- or transfer. Lender
and the person to whan the Property is an be soW or transferred reads sgreerrrent in writing that file credit of such parson
is satisfactory to Lender and that the interest payable on the sums sectutd by .this Mortgage :?rail be st such. rate as Lender j
shall request. if Lender has waived the option to accelerate provided in this paragraph 11. gad it Borrowers sacoestor in
interest has executed a written sfrswngion agreement soeege8 m writing by Leader. Lender shsil release Borrower from sq
t
obijgations under this Mortgage and the Notes _
if gender exercixs-suds option to axekrate. Lender shall msil Borrower notice of aocderatan ut aeoordsncc with
pat~raph 11 hereof. Stitch notice shall provide a period of not less than 30 days from the date file notice is maAed within
which Borrows rtay pay the sums declared due. if brrower faits to pay such :ants prior to the atpi~ort of suati period. '
Lender tray. without turtlr;r notice of demand on Borrower. invoice any rtntedifx permitted tyy peragraplt !It hereof. _
Na+-Utn>aoter~t Co~vtHnrrTS. Borrower and Lender ftmlter a+venant snd :tree as follows:
IB. ~ ~ • ~ 1T learast. ttlaw aatsrAres"s tieaweh d tnsy esvsstsat er
d 1llanwvee i• tteit l?i«4gagt, bseiriwg tie e~ewaats t+ pf ir1'~ ~ ~T assort seerrsel b dtts MarlgaAe. i~ewietr. .
m acedet>tdctw sitar sil walke N iaeraw~er as prsvltie! b perasttli t4 lsr~est' tledtyisp ti) Are lfnsaeb th t6e sfgMw -
ee~ t~ estra ttrei retwetq t~ s sst b draw SO Playa fewwt tie flste tie etaNe: r tetttt>fad M t~tswrfrr. b wMei saver
- isewei sarst k ernrf~ awn t~ clot fsllsre s• :rte Breit Meaer w K bfgafro Arc dale d tie Prrperty. `rite ttMiee
- ~oeietralistt d des ttttr :settled b flit It~1a*Igage. /sRelsarsr b
~ siaY tarMrer i¦/eta ~stwwsr fd Ile right a rrlwilatG slier aea~skeadsw awl Ala fi1g1M M atteA tom the tittet0awre pwceaittg
de rtaw•frrrtetewee f# a Afgarlt K awn otlEr Adfntae a1 sr.rs~* to aecfelf~ratlsw arts te.edaewa • t!K btesel r wort estte/ ow
eft ttetere lire Rats gweYtd b tie sotk'e. Leafier at [.ewaer`s a*ti~w twwy elfxOtte ail of lie arfwa aaereei b tltit)tis~lpe Ice ile
1~tAietelir Awe awl g~aMe wil4oat tatrtYer iewawA~
ereclaswe. ~elydi~. wetlet ~Mtd testlwael'fe tags.
k sttll/ti M edlset 1• tstel pf+afeeiisQ a0 .
a¦i ftssls fit ! a+~. + sal IMis
1!. •afrrfafa'~a 1~ tr Notwithstandirttt Lertdet's aooederatiort d ttte sums secured b'j ih.s Morty~e. .
m n Leftder to enforoe this Mongagt: disconturttrd u gay time
Borrcrver shall have the right to have any pro~oed ~ gs heEu `'y
800 PtGf