The URL can be used to link to this page

Home My WebLink About2451 - - , - - - - - .ti_ - ~ 1xMder`s wriaen agreembrt a applicabN law. Borrotix shall par the amoupt d ap mortgage ittsttraooa premiums is the tnanper provided under paragraph 2 hued. Any amounts disbursed by Lender pursuant to this paragraph 7. with iptetrsst thereop, s>•.:?l become additional indebtedness d Borrower secwed by this Mortgage. Unless Bt~rdw~ ~AlilL.itder agroe to other temps of payment. such _ atpounts shall be p~ayabk upon noire from Lender to Borrower requesting'payment thereof, and shall bear interest fe+oM the date d dkbursemerrt- at tht rate payabk from tape to time on outstanding principal under the Note unkas payaaeut d interest at such rate wouM be contrary to applicabk law. in which evert such arrronnts shall bear inler+est ~ the highest tale pernnissibk under applicable law. Nothing contained in this paragraph 7 shall require Larder to incur any expeate oc tab any action hereunder. - - 1R iaa~teAar. Linder may make or cause to be made reasonabk entries upon and inspections d tAe Property. provided that Lender shag give Borrower notice prior to any such. inspection specifying reasorabk cruse therefor rdalod to Larder"a interest ip the Ptopeny. GwiesawalVw. The proceeds d arty award a chin fo? damages. direct oa ooosequeptial. ih ooratecdor with say casrdemrration or other taking of the Property, or pan thereof. a for conveyance in liw d cardempation. aro hereby atnitrei and shall be paid to Larder. - - - in the event d a total taking d the Property. the proceed; shall be applied to the sums secured br this Mortgage, wiM'the excess, if any, paid to Borrower. In the event of a partial taking of the Properly. unless Borrower and Lattice' otherwise agree in writing, there shall be applied to the cams secured by this Mortgage such proportan of the proceeds as a equal to that proportion v+fiich the amount of rho cams soared by this Mongage immediately prior to the Bete d taking bran to the [air market value of the Property immediately-prior to the date of taking, with toes balaeroe d the proceeds - ptud to Borrower. - 3f the Property is abandoned by Bor,~ower. or if. after notice by Lender to Borrower that the oondtraaor oRers m tastes as award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, lender is authorized to collect and apply the proceeds. at Lender's optiop, either to nttonMiow or emir tithe - ~Propeny of to the sums second by this Monltaite. - Unless Lender and Borrower otherwise agroe in writing, any such application of proceeds to pcitrcip:l shag not exlatd or postpone the due date of the monthly installments referred to in paragraphs 1 a*rd 2-hereof or change the aaaonat d such installments. _ - 1B. iarrawer Not Relerrtei. Fartensiorr of the time-for payment or-modifkatan of amortization d the sums aectpei by this Mongsge granted by Lender to any wooecsor in interest of Bonowtr shall not operate to release. ip any rpstrrrer. the liability of the original Borrower and Borrower s successors in interest. Lender shaft not bti required to oonunena proceedings sgairrst such successor or refuse to extend time for payment or otherwise modify amortization of the aurae - secured by this Mortgage by reason of any demand -made by the original Borrower and Borrower's successors ip interW. il. Ferfeara~ee r9 Levier Net a Baiter. Any forbearance by Lender in exercising any right or rerrredy iteratnder. or . otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or retnedp. The procur+ernent of insurartoe a the payment of taxes or other liens or charges by Fender shall not be a waiver d Lender's - right to aocekrate the maturity d the indebtedness secured by this lbloRgage. - - 1=. Rer~eiies (aswrrprtlvrG All tanedies provided in this Mongage are distinct and cumulative to. aey other right or remedy under this Mongage or aflordod by taw or equity, and may be exe.'~cised oorrcurrentfy. independently or srtooasirdy. _ ' 13. Sreeaeers sari Aw~rs Isowti:.To3rrt ant Severn iLbi>II>; ~apAtrs. The oo+renatrb and agreeeaerrts -herein contained shall bind. arrd the ::gh~ her+currder shall inurg :a. the-respective successors and assign of Larder sad Borrower: - wbjed to the provisions of paragraph 17 hereof. All covenants and agreenrerrts of Borrower shall be jard and several. 'Ilre captans' and headings of the paragraphs of this Mortgage arc for ogrvenienoe only and erne not to Ire used to interpret or define the provisions htreof. - 11. Natke. Except for any notice required under appliabk law -to 6e giver in another maMer. (a) any canoe to Borrower ptmridcd -for in this Mortgage shall be given by mailing such notice by certified mat? addrtwed to Formwr-r at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein. and (b) any notice to Lepdec shall be given by anilied mail, rctum receipt requested. to Lendes's adores.-stated herein a to such other sddr~as as Lender may dtsignate by notice to Borrower as provided heroin. Any notice provided for ip _ this Mortgage shag bt: deemed to have been given to Borrower. or Lcnrkr when given in the manner designated herein. - - 1S. Uritens 1Hodgage: Geverriag Lsw: Severr6ility. This form of nwrtgage combing uniform covenants for rtstioaal - use and non-uniform covenants with limited variations by jurisdiction to constitu[e a uniform security ins<nnnatt oov~ait!g. r r+al property. This Mongsge shall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision oa clause of this Mongage ar the Note conflicts with applicable law.-such a>rrflid shag not alkd other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. srrd to this _ etd the provisions of the Mortgage and the Note are dcelarcd to be si:verabk. Ifs. iorrrsrtr's Cep. Borrower shall be furnished a conformed cop) of the Note and of this Morttaie at the time d execution or after recordation hereof. 17..'!ka¦tfer of trre Trapetfy: AsanaNietr. if all err any part of the Prupeny or an ittterest therein is sold or tnnsferr+ed by Borrower without Lender's prior writrcn ,consent. excludirri (a) the oration of a lien or arcunrbnnoe srtbordinate to this Mortgage. (b) the creation of a purchase money security interes! for hotaehoid appiianoes. (c) a transftr by devise. descent or by operation of law upon the death of a joint tenant or (d) the grant d any iessehoW :nterat of thra years a less not curtaining an option to putrchase. Lender may, at Lender's option. deflate all the sums secured by this Mortgage to be - immediately due and payable. Lenrkr shall have waived such option to aooekrste if. prior to the sale or transfer, Larder and the person to whom the Property is to be cold or transferred reach agretntettt in writing that the credit of -wch person is satisfactory to Lender and that the inten~st payable on the sums secured by this Mongage shall be at such rate as Leader :hail roq~. If Lender has waived the optio~i to acctk~ate provided in this paragraph 17. and if Borrower's stteoawr in inta+est bas e~recuted a written assumption agreement accepted in writing by Leader. Lender shag release Borrower front all olyligataas under the Mottpge and the Nee. - - If iatder exercaes such option to aocekrate, Lender shall rpail Borrower notice of aooe{aation in sooordarrec wick par~ap6 14 hereof. Such potiee shall provide a period of` not less than 30 days front the date the notics is mat'ied within _ whit[, Borrower may pay the scans decl:red sue. If Borrower fails to pay such cam: prat to the expintarr d such period. Larder tttay. without further eotioe or danarrd on Borrower, invoke say remedies permitted by paragraph 18 hereof. - Host-Utttrotrx GowEHNan. Borrower and Lewder fu?;:= ~ co~aaM and agra ere foBo*rs: llfv Acted R=poet>rKS. >Bse'tN m M~ ~ l~~~N i7 lra~se[. e4er. )lernwa's i~raneA aC an rav~eseert err ap~eemwl et llea~ower Ica Ais Mestgegt, rtciaitg it tevewaris N frr7' when lee a~ spas stcseai Iy Ale Marge. Lwier Aierr es reeeleralie~ sY.n.d.alee N lloterrw~er as frovlisi is p.ragra~ is haeet sttci[fiegs S1)1he itsrelp fA tre sdMr s.~rrirrti le ease tact braeirt ~ • i1e, ••e r>s. traw A• ~ hwtt the ire Ae nttlce r aaiti M >tenosrar. b wltitir cater iii stiff k tr'd' a»i (4) fret fallrre M care cater !react, ew er retore tre ire speeiiei r tre reNee real testif r socdeeaties et Ae wrtr seerrei b IW Mertgage. i~steelewrr b }~efsl ~rreeeia: iii Belt et tre iTrrt~erty. 71t trtHes tit Iblrer rtt«.Iterrrwer d Ire rigY M relate after rerelerrAsr scat Ate rlglet M aped V Are ttesselsewe prreaieg ttrs tioreerriMe~et of a iefadtt er ~ eAer iefere et Bonewer us ecceleeatite art fereebsrra. • the Meier lr ref etteti ew - er iefite Ate ire a*sefiti r trs Welke. I.ewier r Letter's optlrtts ~ iseltre tr K the west sscsnesi b Avis MsslgeAt lit re ita¦seiiaiely ins aril pgaYe srllrorrl trtiier ieersad sari t+es! fireeitse Alt Msrl~e b }iidtl / i~rder dui re e¦lfAti N cried i weer Nocating err e~rsa d tereclesrre. irelr~a`. lint fttt ¦¦tilsi M: reMStiaMe spwtrep's fees. trwi arils r[ iaartwwelae7 eviieree, aiatreb art IiNe re/M~. if. ieenwa'it M ltei~ataie. NotwithstarrdinE Lender's ilooderatiat d the sums secured by rho Mortgage. Borrower shall have the right to have any procetdings begun by Lender to enforce this Mortgage.discontinued at say time 8324 ~~~~44`~ - _