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Home My WebLink About2227 - Leadw's written ~reearent a applicsbk tart, Borrower dalf pay ttre ~ ~ is ~ msnner provided under paragraph 2 hereof. Any atrrounts disbursed by I-entkr pursuant to chit paragraph- 7. with interest thereon. sfiap 6ecoare tdditional indebtedness of Borrower secured by this Mortgage. Un:as Borrower and Lender asroe b other terms of pywart, snch - amounts shall br payable upon notice flan Lender to Borrower requestias paytaeirt thereof. gad shall bear iataest fr+osa the date of disbursanart. at the rate payable Fran time to tithe on outstarrdtns principal under the Note aaless psljrrrttot et intenat at such rate would be contrary to applicable law. in which event such amounts shall bear iMa+est at the lti~tett rate permasibk under :pplicabk law. Nothing ~rtaiaod in this psngraph 7 chap ~ro Larder b attar gay expewe or take shy action heratader. R hrpeaNsa. Leader may make or cattle to be trade ?easonabk entries upon and itrspeetioas of the lroparty. pranridod thst Lender shall give Borrower trotice prior to any sad: tnspectiou specifyirrs reasotabk cruse therefor reissed b Irerrb~'a intatst in the Property. - - CowtktawMiow. 'ilre proceeds of any award ar claim far damages, diced or oorrsegtrartial, is eotraectiow rrillr arty condemnation or other talons of the Property, or put thereof, oe for conveyance in lieu of sre hereby aasigwed and shall be paid !o Leader. • ~ ~ j Tn the evrnt 4f a total- talons of the Property, the proceeds chaff be applied to tyre suns sectrted b7 this i~[ortRtRe. with ttre excess, if any, paid to Borrower. in the event of a partial talons of the Properil, cartels Borrvrrtr std header otherwise aster in rrritinlt. their shall .be applied to the stFrns secen+ed by this Mortgsse such propartion of the proceeds _ r is equal to that proportion which the amount of the wrtrc secured by this Mortgsse iaserrec'gldlr prior b the dare of . taking bears to the fair market value of the Property immediately prior to the date of satins, with the-balanex of the proceeds pant to Borrower. . - If the Property-b abandoned by Borrower, or if. after notice by Lender to 8ormwer that tht oo~rrdt~aior oQas b nrsloa an .ward or settk.~ .~1aim for damages. &?rrowtr fails to respond to Lender within 30 days at~ter'the dale ssrdr notice its maned. Le-nder is t...horiaed to collect and apply the proceeds, at i.~eoder's.option. eiNter b restoration or ~ d t)rs " Property or to the sums securrcd by this Mortgage. Unless Lender and Borrower otherwise agree in writing. shy such sppticatan of prxeecs b priadpal sbaY not ettlesrd or postpone the due date of the monthly itestalltrrents refereed to in parasaphs t and 2 hereof a tSrartge the awotwt d such installments: - li. isrrswer Nat Rdeaaei. Extension of the time for payment or trrodilidtion of aniottisation of the straas lactated - - by this Mortgage wanted by Lender to any_ arecessor in interest of Borrower shag not opsrate to release. is gay aaaaa. the liability of-the original Borrower and Borrower's successors in interest. Leader shall not be regained b eornttrerroe proceedings against such suaessor or refuse to extatd time for payment or otherwise modify amoriizstian et the stuns secured by this Mortgage by mason of any demand made. by the original Borrower std Borrowrrs strcoaroors in irrtaest_ 11. Forbearance 4 I.esier Nor a Waiver -Any farbearatrce by Lender in exercains any ~ or remedy lrerarader. a otherwise aBorded E'y applicable law. shall .not be a waiver of or prechde the exercise of any sttctr right or ranedy. The procttrtment of insurance or the payment of taxes a other !tares or charxa by Larder shall nest be a wairtr of Leach's - _ right to accelerate the maturity of the indebtedness secured bry? this Mortga,~ 12.- Reneiiu ~wtt+l.dre. Ap rrnredies provided in this Mortgsge are distinct and cwnulative to any other tiglet a remedy under this Mortgage or afforded by law or equity, and may be exercised cooamaetly, irrdepardeatl)r or wootrnreiy. ' 13. Swccesasrs asst Asstgws iotratk ,Jeiaf tttri Sitverd i3aiity; CsrWwr. The oor'eeaats aid sgreemeats treran contained shall Sind, and the rislrts herrurder shall inurg to. the.respedivt steooessors and assigns of Larder gad Borrower. wbjed to the provisions of Farasnp!e 17 hereof. All covenants and agreanaets of Borrower :ball be joird and sewerai. The captiora' and headings of the parasraphc of this Mortgage are for catrraitarce only and are not to Be teed to - - interpret or deliree the provisions hereof. - - li. Nedra Except for any notice required under sppiicabk law to be even in another manner. (a) gay notice so - Borrower provided for in this Mortgage shalt be given by mailing such notice by txrtiled mad addrgstd to Bacrower a - tlee Property Address or at such other addras as Borrower may d~isreate by notice to Leader ore provided herein. and ~(b) any notice to Lender shall ix liven by certified mail. return receipt requested, to Larders address stated herein a to ~ such other address as Lender rn:.y designate by notice to Borrower as provided herein: Any notice provided for le this Mortgage shall be deemed to have bash liven to Borrower or Lender whey given is the meaner desiprated haeia. E~E 1S. Uaiforsr Mortgarpe= Co~ersirtR Lsrr: Severa6Yity. This form of rnortsage combirra mifasa oovoaarets for astiowal f use and tech-uniform covenants with limited variations by jurisdiction to caestilute • tmifono security imtrunraet oaruirq rtes! property. This Mortssse shall be governed by the law of the jurisdiction in which the Props: is !ceased. its ttre - event that any provision or clause of chic Mortgage or the Note eotillids with spplicablee taw. such eoattia snap cwt aA_ sect other provisiors of this Mortgage or the Note which can 6e given tBoct without the eoreftiaireg provision. and to this - ad the provisions of the Mortgage sod the Note are declared to be sevasbk. - lf. lorrower's Co fy. Borrower shall be furnished a conformed copy of the Note. gad of this Mortgage at the bate - of execution or after recordation teeeof. 17..'lfYaaater of the Tropaly; A>awreeptiew. if all or any part of the Property or m iMercst tteertin is sob or trar>sferrod by Borrower without Lender's prior written catesent. excluding (a) the creation of a Bert a artxrrnMance subordinate to this Mortsage. (b) the cratitxe of z purehace money security interest for household appliances. (c) s transfer !rt? detF'se, descant or by operation of law upon the death of a joint tenant or (d) the grant of any les<selrold iata+at of three yraa or ltrts not coretainins an option to purchsx, Lender may. at Lender's option. declare all the stmn secured by this Mortsase to be immediately due arc payable. Larder shag have waived such option to aadaate if. prior to the sale or trare:fa. Leaner . - •and the person to whom the Property it to be a+ld or transferred teach asreenrent is writirrs that the credit of such petsoo t is satisfsdory to Linder and that the intcrrst payable on the sums secured by this Mortpse snap be at such rag u leader :!tall rtsgtrest. if Larder has waived the option to aoalerate provided in this psrspaph 17. std if 8ortower's wooeaor in - interest has ercecuted a written assumption sareanart accepted in writias Gtr Leader. Leads shall release Borrower from orb obi~stions under this Mortsage and the Note. if Lender exercises such option to atxeknte, Lender shall mail Borrower notice of aoeeieratioe~ in aeoordarrcc M irh paragraph i4 feereof.~ Stich notice shall provide a period of sat less than 30 days from the date -the notice is mailed within . which -Borrower may Ps3r the stuns declared due. if Borrower faits to pay such stems prior to the atprra~on -of circle period. Lender may. without further rrotitx a demsrd on Borrower. invoke gay remedies petmined br putt;rapb Is hereof. . Nat-ilKtt~ote*r Girvariat~rrs_ Borrawtr and Lender further oovsnaat gad agrr;+e a: fotlars: . lft. Aredssatlsb Rewreaiea. as pwvieei t¦ fwagrrapi 17 traea~ ttpea ierrsartttfa ltaaael st arty crrssssrr: ~ agreeweat et Osrnrweir i'r his Msrlgage. isefAtiitR tie ewewawls M !4 whew acct asp seas saewrli ti tits llfart:sse. I~ewltt Mw b seerGlesatlsrr tai rrratl wstit.~e b 1Mrrswer as previie/ b parrrssM 14 slaters rpecfrylags (1) ttrs iasstic 1=) tea adisw spiel f. ewe asset ireseii s ile. wet tat thaw Mt iqs tnw Ira titles tie walks fe waist N lertrlw;r. b wleidt attar 1Msaei anwt be e>wttl' ant mat lilacs N curt: anti 6resei rrw ov ietrre tie tLle pseisai iw tie wales way resstt V rt tie war seewtri i7' stela Mrr1`sse. llsraiiaasre b jsiefal prseseits awl ante rt Ae ihpert>. lie wstlee slat! isrtier Isterw irerrwesr et ire rfgMl tr reiswle after seeeleswlaw sat tie rat w aaaat t• cis Aretisanre g~eeairs lie wrw~e>dafewoe rt • idalt K aril Mier tkfere s/ s.nrt+rer w aeeafkrala. ail treeia..re. tr tie cartel is west ewer its - ~ - K ieg/fa' lit dale s*ar'Yal t• lie FMNr'e, ~r at leaelr'f r*tisw w4 aeelle r e[ it rtaars agent!! h7 irrla iiarlgpt /w b! twwllialety t!w! awl paYsYe wiArst fsAier itrwsad aw/ way tMteeiaat Ai Ma~ap y' ~sikial /rrfeaairtR. 1Lesdrr tills ! ie ewWai M eeirst r stsei prsesa~iias r arpr.aa of treecllaswr~ iteiadias. scat wst rWi Nr reaaswaiie sstoraefis tor:. aril eat rf ise.rttrarlsry erNra~ eirlrsrs sw/ dtk rersrla. - - 1!. •sn+awet'!s ~ w Rsi¦wala Notwi-rhstarrdin(t Larder's aootlkratiow d the sums secrwed by tlra >rWrtgase. - Borrower chap hays the right to have any proceedings begun by Lender to arforoe this Mortpse diseoatiaud st say terse i - ~ -324 ~~:3