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Home My WebLink About1030 i Leader's written agre:etnent or applicabb Mw. Borrower ~bali pay the amount of sill tacit ~ manner provided under paragraph 2 hereof, rata iawnna pratritrmt in the Any amounts disbursed by Lender purswnt to this 7. itit interest thereoee. shall becane additional j indebtedness of Borrower secured b This M ' y ortgage. Unless Bottawer tard~Dcr agree to other tcrtra of paymeurt, such amounts shall be payable upon auicc from {,coder to Borrower requesting payment thereof. and sha116ear interest from the data of disbursement at the rate payable from time to tirtte on outstanding principal undo the Note trs•less pajnnent oft f interest at such me would be contrary to applicable law, in which event strclt amounts shag bear interest at the highest rats i permissible under applicable taw. Nothing contained in this paragraph 7 shsll require Lender to inns any expearse a rata 9 any action hereunder. R Lender may make or setae fo be made reasonable entries upon and inspections of the Property. provided that Lender shall give Borrower notice prior to any such irtspectiort specifying reasonable cause therefor related to Larder's interest in the Property. - C~ Thc proceeds of any award or claim for damages, direct or ooraequential, in eoraraetion with any ~ condemnation or other taking of the Property, a tad thereof, or for conveyance in lieu of condemnation. see hereby suiatrod and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums aecurcd 6t' this Mortgage. } with-the excsss. if any, paid to Borrower. In the evrnt of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall be•applied to the sums secured by this Mortgage such pmportlorr of the proceeds as is egwl to the proportion which, the amount of the sums secured by tAis Mortgage immediately prior to the data of - taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds paid to Borrosw•.r. - If fie Property is abandoned by Borrower, or if. after notice by Lender to Borriowtir that the oondema?r offers ro mate . air award or sNtk a claim for dainages, Borrower talk to respond to Lender within 30 days after the dale such notice is mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restontiort or repair of ~e " ?'roperty or to the soots secured by this Mortgage, " U less Lender and Borrower otherwise agr+ee.in writing, ar!y such application of proceeds to principal shag not e>ztad or ~ the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or chattge the atwount of - such instalments. - - 1!. Dotrawer Not lteleasci, Extension of the time for payment or modification of amortization of the sums secttried by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to ukase. in ally manner, the lisbility of the original Borrower and Borrowers successors in interat. Lender shall not be .required to eomnrertoe - protxedmgs agaitrst such serocessor or refuse to extend time for payment or otherwise modify amortization of the •~ertn secured by.this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. t i. For~earawee it' Lewder Not s Waiver," Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise alfordod by applicable law, shall not be a waiver of or preclude the exercise of any such right of remedy. The procurement of insurance or•the payment of taxes a~ other liens or chrrges by Lender shag not be a waiver of [.ender's right to aceeknte the maturity of the indebtedness secured by this Mortgage. !R Rerneiks CSrswhlitw. All remedies provided in this Mortgage arc distinct :red cumulative to any other right or remedy under this Mortgage or afforded by law or equity. and may be exercised concun+engy, independently or sereoessively. 13. Swecessors atti Assigas Bowed: Jolt awl Several t3abiWy; Cartisws. The covenants and agresararts herein contained shall bind, and the rights hereunder shall inure to, tfte:respective seeoeessars and assigns of Linder spd Borrower. subject to the provisions of paragraph 17 hereof: -All covenants and agreerttents of Borrower shall be joirg and several. The captions' and headings of the paragraphs of this Mortgage are for convenience: Doty and an riot to be wed to interpret or define the provisions hereof. id. iYoNee. Except for any rtotiee required under applicable law to be given in another manner. (a) airy notice to Borrower p~uvided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borro~.er at the Property Address or at such dhcr address as Borrrnver may designate by notice to ~ i~nder as provided herein. and - (b) any notice to Lender shall he given by certified mail, return receipt rusted. to Lender's sddness stated herein or, is such other siddrrss as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Mortgage shall be deemed to have been given to Borrower or_Lenckr whenr given in the.manrrer designated herein. 1S. Uteufors MoA~pe: Goverw6tg I.rnR: Seeraba8ty. This form of mortgage combines uniform covenants for national we and non-uniform covenants with limited variations by jurisdiction to cor~citutt a uniform security iratrumeat oarerirrg real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the f event that any provision or clause of this Mortgage or the Note conflicts with applicable law. such oonAict shall not aged other provisions of this Mortgage or the Note which can be given effect without the oonAicting provision. and to this end tht provisions of the Mortgage and the Note arc Declared to be severable.I If. Bort+otAer's Copt. Borrower shall be furnished a conformed copy of the Note oral ~ this Mortgsge at the time of execution or after recordation hereof. ~ 1?..Trswster of the Property; Aswwrpiow. if all or any part of the Property or an interest therein is sold or transferred by Borrower withwt Lender's pear written consent. excluding fa) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security inters! for hauehold 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 interest of three yeah or lew not containing an option to purchase, Lender may, at Lenders option,-declare all the stntts secured by this Mortgage to 6e j immediately-dire and payable. Lender shall have waived arch option :o accelerate if, prior to the sale or transfer, Lender d and the person to whom the Property is to be solD or transferred rtsch agreement in writing that the credit of such person I is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate ac Lender - shall request. if Lender has waived ?he opion to accxkrate'provided in this paragraph 17. oral if Borrowers successor in interest bas executed a written assumption agrcentent aexcpted in writing by Lender. Leerier shall reksse Borrower fran all oblations under this Mortgage and the Nae. - ' if header exercises such option to accelerate, Ler.~de~ shall mail Borrower notice oC accehntion in riccordatrcc with - paragraph 14 het+eof. Such :orrice shall provide a period of not less than 30 days tram the date the notice is mailed within ~~r ~Y PaY ~ sutns<dec~ared due. If Borrower f:;ls to pay such sums prior to the tacpiration of such period. Letrder may. without ftutiter notice or demand on Borrower, invoke any renredics permitted by paragraph Ig hereof. ) - .f Not+•tlnteotrnt Cavarrarrrs. Borrower and i.errdu further covenant and orgies as fopows: - - . t Ift. Aa~adbp Rtweeffies. P•*~cept r proridnl br Mragraplr iN lresed. 4'ft~ Ilorrtrws~fs tMeaei of sett' co~eaat err agnegeewt of Bortewer 1• tits Motrltage, tndwelfirtg tie eevtwatrts Io pay rites tae ape stress seewei fiq tMs Moelgage. Limier pier a aeaksaYea ski traaN wotiee to Bot»wer as povNci d pita~ta*i 14 freeeof sredfyfngz p) the listwc~ CA tie wefisw ttgairei N ewe ttsei bnsci; (3) a efYrst, wet less liaw 30 elsya frow tie date fie taller i twrtffisi to •sstewtr. fry wild swei f~raraefe niwt k etwte~ awl (n fiat faYwe N awre swei Itreaclr art K fkfote tie daft apeeidetl tic ranee ray resetlf r woct?eratiaw of tfie scars sectseed y tits Moe~t, h.edostue b }e}leial pecteelitg awl s>tle of tie )rt~erty. 'the castles trttr~ fishier iwtorw >lorrawer oft lie right N reitMate after wea~eleratiow awel tie tight N rwstrt b qrt t~seeetsstrrs /trretselfirg dt rtotr•e:isiaree of a efietaerM a awy Bier iefetnt of Borrower N aceeietatfsw awl totetisswa it the retell r cast etsrei M or restore tlrt ids s'teifisi d the works. tewderr d l.csier's optiow neat' iechse ti of lie ssnws seearttl b rile Marlprne fis fse - iwaw tree awl pyabk wkissf futltocr dcrnand oriel caret' tanelese this Mettyage b Pt• lewder daM be eslfllsa t• e~iset it recast poeeediwg wB apewses of fetsclosrrte. toclw~, fiat east tiwtUsd tor, sewwsMe starrner's fees. . atsi eettls aQ istuewatat3? tvidewet, atAtwels astl title ttpstts. - " 1!. lorswwa's tl~M a Rate. Notwithstandintt Lender's aoeekration d the sums secttrtd by the: Mortgage: Borrower shell have the right to have soy proceedings begun by Lender to enfe?ra the Mortpge discontinued at any time ~ _