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HomeMy WebLinkAbout0192 a ~ : t •Leader~t written agr+anrtaet a applicable law. 8ottower aleaU pay the att?ouat of atU mortgage imeannos preaaitatas b the manner provided under paragraph 2 Itettd, . - Any amounts disbursal by Lender pursuant to this l,aratgraph 7, Ale )thereon, shall become additional indebtedness of ern-owrrr securod by this Mvrfigast. Unless Bbrrnwer and l.eo~gree io other retort of paymeeM. such remount= shalt be payable upon nonce from Lender to gomow~-r requesting payment thereof. and shall bear interest tram the date of disburaeaitret at the rats; payable from titre to three on outstanding prinapal under the Note unless payment of interest at such rate would be ~~oretrary to appliptaia taw, in whicl+ etrartt wth amounts strait bear intert.d at flee highest race permisst'bk udder applicable law. Notheng contained in this paragraph 7 shall nquin Lender to itatur say exptnaae or tabs say actioe httetander. lk IatNeclitrt, Lender may make or:itse to be made reasonable entries upon sad-ins~clioeis of the Property, provided - that Lender shelf give-Borrower notice prior to any such inspection spee~!~?ing r+easoncbb cave therefor rebid to latder'e interest in the Property. _ - f. - Cerd~erts~atles, The proceeds of any award or claim for damsgss, direct or eoresegtteatid, is cbraeecdcsa with say onrademnatan or other taking of the Property, or pars thereof. or for conve)rance in lieu of cordemtukioa, are hare6y saigoed and shall be paid to Lender, In the event of a total taking of the Property. the proceeds shall be applied to the sways secured by this Mortgage. with the excess, if say, paid to Borrower.- in -the event of a partial taking of the Property, unless Borrower and )..seder otherwise agree in writinft, there shall be applitd to the cams secured by this Mortgage rock proportion of tlae proceeds ss is equal to that proportion which the amount tai the sums secured by this Mortgage imntedittdy-prior to the Bats o! taking beers to the fair market value of the Property immediately prior to the date of taking, with the babnoe of the p~ooeds - paid to Porrower. if flee Property is abandontd by Bor.~ower, or it. after notice by Lender to Bort+awr_r that the oonddateor oA~ers tb tttab an a>irard or settle a claim for datteages. Bomawer fails to respond to teeeder within 30 days aftet'the date aleck online b mailed. Lender b autlarind to collect and apply the protxeds.. at Fender's option. either to testoraotan or tipair a[ ttis Property or to ttet sums secured by this Mortgage. - - Unkss Lender and Horrower otherwise agree in writing. any such application of proto4ds to principd shd! not a[tsnd or postpone the due. date of the rraonthly inuailments referred to in paragraphs 1 :tad 2 hereof or the attaatrrt of such irestallrnents. 11. Bssrtswer Net Rdssesei. Extensiat of the time for payment or mc.".lkation M arteortization of the senrr seevtvd - by this Mortgase granted by Lender to any wocsssoc in interest of Borrower shalt not operate t~ rNrsse, in aehr manner. the liability of the original Borrower and Borrower s successors in interest. Lender shall not be required to commence Pop agaimt wch staoccss<or or refu-:e to extend -time for payment or otherwise modify amortisation of the sums secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's suooessors in intadt. 11. Ferieatasce i!' testier Not a Waiver. Any forbearance by Lender in exercising any right or remedy laeraroder, or - - otherwrise affordd by :ppliable law. shall rat be a waiver of or precltde the eacercise of any suds right or rsanedr. The procurement of insurance or the payment of taxes or other liens or charges by Linder shall not be a wair+er of Leader's right to accelerate the maturity of the indebtedness secured by this Mortgage. ig. itesttlfa Cadatlea.- Ali rtareedia provided in this hfortgage are distinct and cumulative to any other right or remedy under this Mortgage or afforded 1»? !sw or equity. and may be exercised ooncurrpttly. indepatdattly or suooessiveiy. 13. 9reearas aai Astigws liette~ Joint asitl Several i.iabii(y; CaptMas. The covenams anti seats herein contained shall bind, and the rights hereunder shall inttrg to, the respective staotxssors and aaigas. of '.ender std Borrower. wbjtxt to the provisions of paragaph 17 hereof. All eotrortants and agreerraents of Borrawtr slaaB be jdrtt and several. The csptiores' and letadings of the Qaragraphc of this Mortgage are for conrereiq~ce oNy .sod are sot to lk used to interpret or delkee the provisions hereof_ . - - 14. '.~iestee. P.xtxpi for any notice required urede:r sppli~bk taw to be given in another asarttrr, ter) srey notice m Borrower p~rvided. for in this Mortgaie shall be given by mailing rock notice by certifed matt addressed to Borrower at the Property Address or a: stick abet address as Borrower may designate by redioe to Larder _ as provided herein. nail (b) say online to Lender shall be given by certified mail. return receipt regtaestal. to i.cnders attdrt'as, stated herein or to rock other address as Lender may designate by notice to Borrower a provided herein. Aran ratke pn~rided for is fhb - Mortgage shall bt dearaed to have been given to Borrower or Lender when given in the manner designated herein. iS. Uatiftana Mortgage; coverstitsR I.aw: Seera6iilr. This facto of mortgage combing unifarne oaMatants tot national use and non-uniform covenants with limited variations by jurisdiction to comtittirie a uniform security irtstrumeat neutering teat property. This Mortgage shall be governed by the law of the jurisdiction in which the Propary » located. in the - event that any provision or cl:use of Chic Mortgage or the Note conflicts with applicable bro. such- conflict shall not af[ax other provisions of this Mortgage or the Note which can be given effect without the conflidiog provision. and to this end the provisions of-the Mortgage and the Note are declared to be severable. _ If. Borrowers Copy. Borrower shall be furnished a conformed cop)• of the Note and of this Mortgage at the tact of execution of after recordation hereof. 17..'l~aaster of ire h~erty; Asattt~tiew. 1f all or any part of the Property or m interest therein s sold a transferred by Borroci-er without Leaders prior written consent. excluding ter) tht creation of s tiro or eaeagrebrataoe sttbordiraate to thh Mortgage, (b) the creation of a purchase mcmey security interest fat hoaarehoW appAianoes, (c) s transfer th? devise, descant or by operation of law upon the death of a joint tenant or (d) the grant o1 any leasehold interest of-three years or less cwt containing sn option to purchase, Lender may, at Lender's option. declare r11 the scam. secured by this Mortgage. to be immediately due and payable. Lender shat{ have vraived such option to accelerate_ if. prior to the sale or trsrarfer, Leredet and the penort to whom the Property is to be «ilt! or transferred reach agresrraerat in writing that the Credit of allele person is satisfactory to Linder and that the interest payable on the sums secured by this Mortgage shall be u such rste n Lender shall request. if i.ender has waived the option to accelerate provided in this paragraph 17. sad if Borrower's strcoessor in irata+at has executed c written assumption agrocnaaet stxepted b writing by ierada. Leader shag release Borrower tram all obiptiats -tinder this Mortgage and tlae Note. if ixrader exa+ciaes such option to taaYknte. Lender shall mail !erxrower reotioe of acrekration in actotdancti with prtra~apla 14 heroof. Stack notice shall provide :period of not less than 3!? days from the date the raotioe is merged wahin which Borrower may pay the scans declared due. tf Borratker fails to pay such sutra: prior to the exPlratian d such period, Lander rosy. without ftartlaer notice or dansrd on Borrower. invoke any renadies permitted by paragraph 1 g hereof. Not+-UKtl~atK Cos?fttwx3s. Botrowsr and I~eatder hmha oavtuattt and agree s follows: iii. ~ ilerettrBes. Btt~t ss ~.itlti ii p.n~grsrpit iT tattrwlF, stg,w B«~s hrtari d ..y s+~atdtd .tr agreetie~t at /Mrtntwetr to At1s 1lfartgag~ bclrigg the ee+~etsrots t• pfgr.rfe. ins ay w~ att=~rai ~ M«tp~, lt.tria t~ tb at:~eairrari.r atrti sail wllce a frss+rar as pr+asMd Y w*~ 14 iasat s~fttF ;i) the irreae~ ftl tsiee aaN.. ragaiei M reacts Breit tYwek t3) • dials. rot ins tMrn 3t tins from tie tlrtlt tit trtdktt it ttsttiti Ia ilserswtr. b ttrlriele easel Ittrsacl ata•sl k a~ art (q flat fail.re a atrtt sslcir lreaei ~ .sr ikt~rt qrt tltlt s'aeifsi r lire ~ ~ steatrlC lit soaiera4lN.ai tbt sttrr stcoeti b!' Ass lbiar~agt,lltsrDeiatasre l! art role sit Age Trepeslir. 'ilae seller - iii fhrastier f¦isras I~rrwetr at toe rlgM bs reiesdtle deer oetYkrs~iss stn/ Ate >ie,M r awer+t b tilt lrarecitawre rtsoestBag tlrt sar~riitAsstct d a idwC tri ~7 aier iefesae a1 iart+r+rrer N at:Ydaalisst arts tirairatnw t Aas setae! le ttas!t tnarM w sr iefine Are Oats s~ellitd i• tlr ratk+t. iesttit.• as lesdaT's ta~tMrs rosy iterate all erg tie stares steaarfi yr/tits )Nsrlg~pe r k irrssdtately ifltrt art ~aYt ~i;la..t ftrrtlasr detttraatl-and rwW fareeittt tits ltite~ttge ir9 }lkisi lrtttteitt~ iestler ~ kit trtttl~i ~ eaiad tw tsA ~acetiftag aB esptwses of fortcbwq inettr~. tat rtt •¦sliai te+~ rtastraik sltnreer's tea, -art toasts ist itetrstrs¦tn~r at+idtrct. s~6abraets ttri ripe restarts. - i~l. lAstrowp's tlilaat a lRtiesta0a Notwittwanding Lenders acadaatioa of the sums scented by this. Mortgsle: Borrower staaU have the right to have any ptocesdin~ begtan Iry Lender to enforce this Martgale discontinued u say time