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Home My WebLink About2242 - - ~ Lenders writtean agrexsaeret or applietebie kw. Borrower shalt pay the areeoernt of a8 nartgsge inwraaoe prapietms is Neer manner provided under parsgnph 2 hereof. • Any amounts disbursed by Lender pursuant to this qq ~ interest thereon. shah ba~onee additional indebtedness of Borrower secured by this Mortgage. UnkssP~ol~ and~rndc• agroe to other tams eef paymeaet, such amounts shall be payable upon notice from Lender to Bonower reaquexting payment thereof. •nd sl+ap hear intexest from the date of disbursement. at the rate payable from dime to time pet outstanding principal undkr the Note ertekss pajrtaeM esf interest at such rate would be contrary to applicable law, in which event sarde amounts shall bear intes+eat at the highest gala permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to itecur auy experae ex tab at?y sction leereerader. ' R IwpeelMw, lender may make or caeese to be made reasoreabk entries upon and inspections of the Property, provided that Lender shsll give Borrower reertice psieir !e; arijr such irap~-floe spexifying rcasonabk cause therefor nlatad to Leaders interest in the Property. - A C~ The proceeds of any award or chine for damages, di:eex e>r e:onsequesetial. in ooraeectiow wide aay condemnation or other taking of flee Property, or part thereof, a for conveyance it: (yu a condemnation. are tereby assigwei and shall be paid to Lererkr. - - in the everet of a total taking of the Property, thes proceeds shall be applied to the sums secured by thes Mortgage. _ with the exexss, if any, paid to Borrower. In the evrnt of a partial taking of the Property. unless Borrower and Leader otherwise agree in writing, there-shall be applied to the awns secured by this Mortgage such proportion of the proceeeie w is equal to that proportion which the amount of rtes sunLC sexeere:d by this Mortgage immediately prior to gee elala err - taking bears to the fair market value of the Property immediately prior to the date of-taking, with the balance: of the goceeda paid to Borrower, ' if the: Property is abandoned by Hor.-ovrer. or if. after notice by Lender to Borrower tha! the condemnor ol[as to neab an award or settle a claim for damages.. Harrower fails to respond to Lender within 30 days after ~tbe date such notice is mailed. Lendkr is atethoriaed to e:oltoc~ and apply the proceeds, at Lender's option. citleer to testoratton ex r+epait er[ the ProPetty or ro the sums secured by this Mortgage. Unless Lender and Borrower otherwise agree in writing. any such application of poceeds to pracipal shall not salad or postpone the due daft of the taorethly installmrnts referred to to parsgnphs 1 and 2 hereof err change the aneoutet e>i such installments. . I1. aorrewer Not Relaaei. Extension of the time for paymrnt or rreodiRcation of arreortizatan of the suers secured b,• this Mortgage gntnte:d by Lender to any strcexssor in interest of BotTOwer shall not operate: to release, in asey manner. the liability of the original Borrower and Borrower s successors in interext. Lender shall not be regtrircd t_o commence proooedings against such wocessor or refuse ta_extrnd time for payment or otherwise modify amortisation of the stmts. secured by this Mortgage by reason of any demand made by the original Borrower and Borrarrers sereoessors in interest. 11. Fsriearawee b-IRwier Not a Waiver. Any fatteeannex. by Lender in exercising any right or rexreedy hereunder. or - otherwise aRorded by appliabk law. shall not be a waiver of or preclude the cacercise of .any such right ex rees~edy. The procurement of iresuraooe or the payment of taxes ex other liens or charges by Lender shall not be a waiver of lereda's right to acceknte the maturity of the indebtedness secured by this Mortgage. it ite~eiies ~wwalatlvee. All remedies provided in this Mortgage are distinct and cumulative to any other right e>r rrmedy under this Mortgage or atfexdcd by law or equity, and may be exercised concurrently, independently or wooessivdy. ' 13. S~casnrs awd As.i.~ =---,.::.:vi.i awel Several i.is6iWT+ -CsMkeas. -The covenants and agrexments heroin - _contained shall bind. and t'rte rigfits hereunder shall inure to. the.respectiv!e serooexson a.•ed assigns e>E Lender at+d Borrcn'w.. wbject to the provrsiwes of pangnph 17 hereof. All covenants and agreements of Borrower shag be je>ird and several. The captions' and headings of -the paragraphs of this Mortgage erne for convenience only and are not to Ile used .to - - - interpret or define the provisions-hereof. - i4, Neetire. Except for gay notice required under applicable law to be given in another-mariner. {s) grey notice to - Horrower provided for in this Mortgage shall be given by mailing such notice by exrtilled mail addressed to Borrower at the Property Address or at such other address as Botmwtr may designate by ratite to T.ereder ss provided he:t~ein. and (b) any ratite to Lender shall fee givrn by certified mail. return receipt requested. to Lender's aele)re:z stated herein or m _ such other address as Lender may designate by ratite to Borrower s: provided herein. Any notice provided far in lids Mortgage shag be deemed to have been given to Borrower or Lender when givexi in the mameer eksipeatead heran• - ~j iS. Urrdteers Mortgsge: Goverrrirrlt Leer. SeversbiKty. This form c+f mortgage combiner uniform eovrnants for national - - use and non-uniform covrnants with limited variations by jurisdiction to constitute a uniform security instrumrnt oo~raing . real pioperty. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. la the event that any provision or clause of chic Mortgage or the Note rnnAicts .vith applicable law, such coa}lict steal! not aUect eether provisions of this Mortgage or the Note which cAn be given etfeact witheeut the oonAictireg provision. and to this erid the: provisions of the Mortgage and the Note ar+e declared to be severable. Iii. Isorrower's Cow. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the lane of execution or after recordation hereof. 17..'I~awstear eef tie Propeefy: Aswwpiow. if all or any part of the Property or ao interest therein is sold or transferred by Borrower without Lender's -prior written consent. excluding (al ebe crextioa of a lien a encumbnreoe subordinate to this Mortgagt, (b) the creation of a purchase money- security intereai for household applianot;:, (c)- a transfer by devise. descent or by opeention of law upon the death of a joint tenant or (el) the grant of any le;aseleold interest of three years or less not toMaining an option to purchase, Lender may. at Lender's option. declare all the scans secured by tha Mortgsge to be immediately due and payable. Lender shall have waived such option to aetdente if. prior to the sale or transfer. Leander and the person to whom the Property is to be sold or transferred reach agreement in writing that tht credit of such person is satisfae~•+ry to. Lender and that the interest payable exi the sums secured by this Mortgage shalF fie at such me as Lender aball r'e9uat_ if Lender has waived the option to aecekrate provided in this paragraph 17, and if Borrower i succeswr in inte~at has executed a written assumption agreanexet accepted in writing by Linder. sender shag release harrower from all 'obijgations unclear this Mortgage and the Nae. - - - If Lender exercises such option to sccelerate, Lender shall mail Borrower notice of aocdention in aeoordariex viith - papajraple 14 he.roof. Such notice shall provide a period c+f not less than 30 days from the date the notice is msikd withii which Borrower may pay the sums deaclared due. if Harrower faih to pay such sums prior to the expiration ~ arch period. Leader tray. without further notice or demand on Borrower. invoke sny rsmedie;: permitted by paragraph 18 hereof. t Nor+-Urtttrotest CovariarRS. - Borrower and Lender furhn covenant and agree as fellows: - - if. Aeeda~atlsrK Retawedlsr. E:eept w lsrv~ is parapt+/le 171reseet. aPoa >tastewes'a iaerrri eft aary eee+easwt err ageeewaewt eft /anewsr r Ai Merlgagc, Iwcbalwg gee ee»eawwts ti !w?' whew awe aq awls seewd k Aiia 1Nerlg+get. ienier p.lar N setele*atiaw siaY twali nolke M ierees~wer sa prer.l+s+ hr p.rasrapb 14 iestt+af sgaeitylsg: (1) lYe Mefaek are seNaw ~ epics Ia ewer trwei Meaek (3) s elatq cast less tiara 3• elms trerw fire Aare tic oeilke Is~s.W~ei~ N ~treewer. r!' calks afro ~eA tweaet k eweely freers N) lint fitiiw! M eerie staei Mlath erw K idN! tit a.ta ii s~k at tlae he'ertr. wedot • wocde*atisw eft t1a tatwa seeweea y Ass Moelgags. tee+eeMweei-! ! si.n [wAer iwiyrrw loeetwt~ eft Ae ~ N eelwrlate teller aeceleratiee .ai gee rlgit N assert V Ae tetetelsw*e pasesairg tlK.o..e:i.lewee.r a aelwlt err stay eraser idetrrse eat •oeerwee N seedeeeeatMw aead rortieli..ee. 18 6ae ie:aei r weM ewes.. er latette A«z acre tFeciisi r lMe notk~ iewaer M i.ewier's erpiier easy ekafre r *t the stress seaeweei it7r Ads Maalpipt'ti k 7 arse awl pgwtle wiliaet teartier aewnaa ow/ eeay fieeetaae tiiiM Mwetgags b I~e>K erea0 k ewti/ai N eet+iiaet r caries pfreeetifrrg r ar/ewses of toreciostwe. iweiwita~g. twret cast rssilai res. eeaesresile eaturneYs feels. alai eassla eft elaee~-~rrfsri:t,'iienes+ aMlraela awl gtle nMeb• ~ i!. llwear+ra's ~igltt a Realwshte. NotwithstsndinE Lenders aotdastion of the swws seated by the Martpige. Botrawer shall Gave the right to have any proceedings begun by Lender to euiforoe this Mortgage discontinued at any time ec~~~~ _ . - ~ ~ BOOK c~~ PiGE~~~