The URL can be used to link to this page

Home My WebLink About2182 _ - I I 1 Lender's written agreement a applicable taw. Borrower shall pay the amount of aq mongage inwraaae premiums is the manner provided under paragraph 2 hereof. ; Any amounts disbursed by Lender putsusnt to tl?» paragraph 7, with int.test thereon, shall become additronsl indebtedness o[ Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, sudr ; amounts shall be payable upon notice from [.ender ro Borrower requesting payment thereof, and shall bear interest from tM date of disbursearcnt at the rate payable from tune to time on outstanding principal under the Ncrta unless paytneot of • interest at such rate would be contrary to applicatrb law, in which event such amounts shall bear interest at the highest tales . perruis:t~te under appligbk.law. Nothing contained in this puagraph 7 shaft requite Lender to incur gay a:pesrse otr false any sction hereunder. . >R ii~eetiorr. Lender may make or cause to be madr reasona6k entries upon and irrspectians of the Property. provided s that Lentkr shall give Boma:~rer police prior ro spy such inspection specifying reasona!?k cause therefor related to Lenders - interest in the Property. cam. The ~ proceeds of any award or claim for damage:, direct a aonsequeatial, in oonaectioa wiM gay condemnation or other taking of the Property, or p.n thereof, or for conveyarnoe in lieu of condemnation, are hateby amigoed and sl>:11 tx paid !o Lender. - ~ ~ # ~ t # - in the eveat.of a total taking of the Property, the proceeds s~iall ix applied ro the sums secured by this Mortgage. _ with the excess, if any, paid to Borrower, -in the event of a partial taking of the Property. unless Borrower atd Lender otherwise agree in writing. there shall be applied to the sums secured by this Mongage such proportion of the prooends :s is egwl to that proportion w•lrich the smarnt rif -the sums stcrrrod by this Mortgage itnrrrediateiy prior to the date at • . taking bears to the fair market value of the Progeny rrnmediatety prior to the date of taking, with tine balatrce of the proceeds "paid to Bat+owet. - tf fire Ptopes[y is abandoned by Borower, or if. after notice by Lender to Borrower that the oondpntar olias to a~aloe - sn award or settle a claim for damages, Borrower fails to respond to Lender within 30 diys after ~tlre data such notice is trtailed, Lender is authorized to collect and apply the proceeds, at Lender's option. ertlrer to restoration or repair a[ i6e Progeny or to the sums. secured by this Mortgage. _ . Unless Lender and Borrower otherwise_sgree in writing. spy such application of proceeds to principal shall not extend . or postpone the duel date of the aronthly installments referred to. in paragraphs I and 2 hereof or change the aanotmt of stick irrstalimeats. ~ - Ifa. )sersnwsr 1niM Rekasei. Extension of the time for payment or modifkation of arnortiza:+on of the sums seestned by tAis Mortgage gr$nted by Lender to-any successor in interest of Borrower shall not operate to release. in fay ananrrtr, the liability of the original Borrower and Borrowers successors in interest: Lender shall not be requmed ro oommenoe proceedings against such strocessor or refuse M extrnd time for payment or otherwise. modify amortization of the u~ms - secured by this Mortgage bY- reason of any demand made by the ori~tinal Borrower and Borrower's srrceessors in interest. 11. Per>tiesrarree ly I.esier Not s Wshet Any forbearance by Lender ireexercising any right or remedy lreresgnder, or otherwise afforded by applicsbk law, shall pat 6e a waiver of or proclude the exercise of any such right or remedy. The procurement of insunaoe or the payment of taxes or other liens or charges by Gender shalt not be a waiver of Leader's right to accelerate the maturity of the indeMedrress secured by this Mortgage. 12. Remedies (~rarahlis+~ All remedies provided in this Mortgage are distinct :.red cumulative to any other right or remedy under this Mortgage or afforded by law or equity, and may be exercised oorncrrrrerrtly, indelxtdently oa sr~ooessivdy. ' 13. Saecesasrs ar Assf~s >sorrrr~ .iciest awl Seved i.iabiilly; Captisrrs. The coverrsnts and n herein " contained shall bind. and the rights hereuntkr shall inuug to. the.r+espective woaessors std sssigas of Lender gad Borrower. subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower :hall be jolty and several. The captions' and headings of the parognphc of this Mongage arc for. oonvairerroe only and are tai to tae used to interpret or define the provisrorrs hereof. - t1. Notice. Except for any notice required under applicable law to be giver in another rasher. (a) any notice to Borrower p,ovidod for in this Mortgage shall be given by mailing such notice by cenifled mark trddeessed to Borrower at the property Address or at such dhec address as Borrower may designate by ranee io !.ender ss provided herein. and (b) any raiice to Lender shall be given by cenificd mail: mum receipt requested to Lender's sdclress ststed bereirr or b 1 such other address as Lender rosy designate by ratite to Borrower ss provided herein. Any notice provided for rn this ~ Mortgage shall be deemed to have been given to 9orrower or Lender when given in the raanrKr designated herein. - IS. UsYeasn Mort~rge: Goverwis~ i.sw: Se.erability. This torn of mortgage combirnes uniform covenants for natioaat use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform seswrrty irrstrumrnt covering . real proptrty. This Mortgage shall be governed by the law of the jurisdiction in which the Property is .located. In the evrnt that any provision or clause of this Mortgage ar the Note conflicts with applicable law. such conflict shag not afkst other provisions of this Mongsge or the Note which can be givrn effect without the oonAictirrg provision. ad to this ~ er±d the provisions of the Mortgage and the Note are declared to be severable. _ f lf~. Botr@war's Copt. Borrower shall be furnished a conformed Dopy of the Note gad of this Mongage at the time of execution or after recordation hereof. - t 17..Tra~sfer of the lMoperty; Aswwptiorr. if all or any part of the Property or air iater+est-therern is sold or transferred 6r/ Borrower without Lender's prior written consent, excluding fal tlre- creation of a lien or encumbrance subordinate to s this Mortgage, (b) the crestian of a purchase money security interest for household applisnoes, (N a transfer hY devise, desaxrt or by operation of law upon the death of a joint tenant or (d) the grant of gay leasehold interesR of three years or less rat containing an option to purchsse, Lender may, at Lender's option. declare all the sums secured by this Mortgage to be immediately due and paysbte. Lender shall have waived such option to aooderate if. prior to the sale or trsrrsfer, Lender and the person to•whom the Property it to be «+kl or transferred reach agreement in writing that tlx credit of such' person rs satisfactory to Lender and that the interest payable on the srmrs.sexured by this Mortgage shall be at such rate s_S Lender shall request. if Lender has waived the option to scceknte provided in this paragraph f7. and if Borrowers successor in interest has executed a written sssrmtption agreement aoceptsd in writing bq Leader. Lender shall release Borrower from alt - obljrstiora under this Mortgage and the Note, • It Lender exercises such option to atceknte; tender shall mail Borrower ratio of seeekntroo in aceor+darrct with par~raph 14 hereof. Such notice shall provide a period of rat less than 30 days from the date the notice a marled within which Borrower may pay the sums declared due. If Borrower faih to pay such sums prior ro the expintron of such pcrrad, Leader rosy. without further notice or danard on Borrower. invoke any remedies permitted by paragraph 18 hereof. . Na+-Urntaaaut Covt=.rvAxrs. Borr!ow?er and Gender further caveasnt and agree ss foP.o~ws: " 1lR A~eraaWs>; Rerne~es. 1B:cept ro prorMed i• ~rsgrapY IT mend, u*a~ >isrsrw+ee'Ie Insnelr et ssry a^areruat art aft isrert~rer to t1Ms iVlselpge, laelair[ fie taewarMs b MS+ wlrea die ay ssar saertred ley tlrfs 1Ksslpge. tarsier prix t. aeeeksadsrn sirrii srreN aotlce is Bsssrrer ro proiied N pragss}h t4 sue[ s~eeifyi~gr $1) tlrs •seaeM (2) tfle ae!lsrs rpieei tw cans wet Msse~ (3) ¦ d.1e, .et less Aram 3! asi. ftr.r. titre tale the taetkr is trnciei N >t.r.rrwer, ry wYe! srsdr . Dr.ndr ..rc rs e~rsk anti Apr failtwe w ewe sates' beeaeln ew ar rtd«r< tlc lets e~eeliai V rare srstke .ry eestrM r ! nadsr#ff?ars aft the tntars ielsrrtd fly liis Mest;a~t, 80aacfrsMe ti j~eid prsclsiitrg and are at tit! >rrOplftp. 'R! lsfltt raM f4rrUrer tatosm •srtriws* at Are efRM y r+eiilM! suer •etsleratiaw arrd 1Ms rf~t N avert b fire lsrstiswrt wrceeirg { Aso nesr~rtislewee M s ~ o! tatty adrer adeie-: aft >tsrr~swer M accderstlrw :rri tssselssMt. R Ilse ltseselr r pat otter M er tlegsrs Arc isle s~edA~e> L drs srsffk+e. Lanier a Lerriers ~tiia sng? laelsse i at Are stas?.~ seeasei fly Ais Msetpfpe_f~s k Is>wdirdy irse srti /rTaiie witrowt !tether leruaad aai rwy fareeMse this Meelgsga ti ~?'y /s~seseing. 1Lender slrsN j k NIMsi M eaiset r stet, pnceeiisR a/ szlerdes of farce ind~. irrt set issllei tk~.- seaMaiit tttarrrep's fees. ter assts !f isear~tsurfary ediaroe, srstrselt aa/ tf#le rsprls. i!. Dwrr+wa4 Riff M Reiroh/e. Notwithstanding Leirders aoodention of the st:r+~rs sectseQ by thr: Mortgage. _ Borrower stns!! have the right to have any proceedings heEun by ierrder to enforce shies Mongags discontinued a: gay time - 8t>~IJ~~ ~AGf~~