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Home My WebLink About2469 - - _ _ 1 , Lender`s written agruetaent a applicable Mw. BnrmrMer shall pay the amount af. cep nartgap itutrranee preatium+ in the ' maQnFr provided under paragraph 2 hereof. ~ ~ j Any smounts disbursed by Lender. pursuant to this paagAa~ ~1~ith~iotee+est thereon. shag beoorrre atidittonaj indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lcrrdei agree b other terse of payment. sudr amounts shall be payable ups ~•.E-:, from Larder to Borrower requesting payment thereof, and shalt bar interest frost the date of disbursprtart.:i the rate payable from .tame to time on outstanding .principal under the Note unless payment of , interest :t such rate would be contrary to applicable law, in which event such amounts shall liar interest at the tabs permisaa'bk undo applicable law. Nothing contained in this paragraph 7 ttrall require Lecsder to itsnx any exptsae a tart i any action hereunder. . - R ~eclietr. Linder may make or cause to be made reasonable entries upon and inspection of file Property. provided that i.ernder shsll give Borrower notice prior to any such iaspection specifying reasonable cause therefor related to Larder"a ~ interest in the Property. Cam. The proceeds of any ay~ard or claim for damages. direct a oonsequeatial. in oormectiow widt any condemnation or dher eking of the Property, or part thereof, a for conveyance in lieu of condemnation. rue hereby ast;gttei and shall be paid to Leader, - _ in the event of a total taking of the Property. the psocoe~ shall be applied to the sums secured by.this Mortgage. with the execs, if any, paid to Borrc>,rr't~. in the event of a partial taking of the Property. unless Borrower and I~errder otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the q+oceeds a is equal to .that proportion which the amount of the sums secnrred by this Mortgage irnrrrediately prior to the dale ofl taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance of the pooeeds paid to Borrower. - Ifthe Property is abandoned by Bor.~ower, or if. after notice by Lender to Borsovrcr that the eorndeauar oQas b mate- an award or settle a claim. for damages. Borrower fails to respond to Lender within 30 days steer the date such notice is mailed, -i,.ernder is authociaed to collect and apply the proceeds. at Lender's option, either .b tesboratian of raptor d the Property or to the sums secured by this Mortgalte. Unless Lender and Borrower otherwise agree in writinrt. any such applicat"an of proceeds to principal shall not esgewd or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or chsnge the amount oi_ such iratahments. it. Mrrewer Not Relessd. Extension of the ti:rie for payment or rrnodiflcatton of amorti>xtion of lire soma secttned - by this Mortgsge granted by i.ender to any snxz-essor in in:crcst of Borrower shall not operate M release. ut any manner. the liability of the original Borrower and Bc+rrower's successors in interest. Lender shall not be required b ooanmerroe prooeedmgs sgairnt such successor a refuse to extend time for payment or otherwise modify atnortiiation of the sums secured by this Mortgage by reason of any demand made by the original Borrower and .Borrower's xrteessors in interest. 11. Feriearawee by i~ewitr Not s R?aEver. Any forbearance by Lender in exercaing any right or remedy heramdtr. or otherwise afforded by appliabk law, shall rat be a waiver of or prechrde the exacae of any such right or remedy. The procurement of insurance a the payment of taxes a other liens or charges by Lender shalt not be a waiver of iendet's right to accelerate the maturity of the indebtedness secured l*y this Mortgage. _ 12. Remedies (~malatlve. All remedies provided in this Mortgage are distinct and cumulative b any other right or remedy under~this Mortgage a afforded by law a equity, and may be exercised oorncnrrrantly, indeperdantfy or wooessird)?. ' 13. Sweeessers awl Astips Bowl: Joint awl Several iL6ily; Gptiws. The ooveoaob and agreements herein contained shall bind, and the rights hereunder shall inure to. the.rcspective sncoessors and assiges of Lander apd Borrower- subjed tithe provisions of paragraph- 17 hereof. All covenants and agroertrernts of Borrower shall be joirt? and sera 1. - The capfans'atnd headings of the paragraphs cif this Mc+rtgage arc for conven'~erroe only and ar+e not to 1k .used b interpret or define the provisions hereof. 14.. 'Notke. Excel+t for any notice required under applicabk law to 6e giveg in another manner. (a) any notice b Borrower p~ovidod for in this Mortga~te shall be given by mailing such notice by certifkd mail a3dressed to Borrower at tht Property Address or at such other address as Born„ver may designate by notice to i:ernder ss provided herein. anti b) any notice to Lender shall he given by certified mail. return receipt requested. to Lenders address, stated herein or to such other addres< as Lender may designate ~by noice to Borrower as provided hpein. At>)? notice provided for in this Mortgage shall be dcemod to have been given to Borrower or Lender whey given in the manner haeiin. IS. Urritorm Mortpae: GorKSig Lsw: Severa6Yify. This form of nartpge combines uniform covenants for national use and ran-uniform covenants with limited variations bjr jurisdiction to constitute a unifarn socurih in:trunrmt oover'nK real property. This Mortgage shall be governed by the law of the jurisdiction in i+hich the Property" is located. is the event that any provision or clause of this Mortgage or the Note conflicts with apgigbk law. such conflict steal! not affect other provisions of this Mortgage or the Note which can be givgn effect without the oonflictirng provision. and to this aid the provision of the Mortgage and the Note arc declared to be severable. ' it+. >serrowet's Ce*y. Borrower shall be furnished 3 conformed ooP3 t,f the Note sad of this Mortgage at .the Barre of exa;ution or after recordation hereof. 17. ,Tnrfer of the iroperty: Awrnwptiow. if all or any part of the Property or an interes! therein is sold or trarnsfeerred , by Borrower without Lender's prat wrincn consent. excluding (al the creation of a lien a encumbrance subordinate to this Mortgage. (b) the cration of a purchase mi+ney security interest for liousefioid appliances. (c) a tansfer by devise. descent or by operation of law upon the death of a joint tenant a (d) the grant of any kaselioW interest of three yeah or less not containing an optics to purchsse, Lender may, at Lender's option. declare all the sums secured by the Mortgage to be immediately due and payable. Larder shall have waived such option to aooelerale if. prior to the sale a transfer. Calder and the person to whom the Property K to be cold or transferred resch agreement in writing that the credit of such person is satisfactory to Lender and that the interest payable on the sums secured by this Mortpge shall be st such rate as Lender shall request. if Larder has waived the option to accelerate provided in this paragraph 17. and if Borro+r?er i wooessor in interest bas executed a written assumption agreement socepted in writing try Lender. Fender shall release Borrower frorrr all ot#jptian under this Mortgage and the Nae. if Lender exercise such option to acakrate, Lender shall mail Borrower riotics of acceleration in atxordancti `""rte paragraph 14 ht~eof. Stitch notice sbsll provide a period of not less than 30 days from the dale the notice is mailed within which Borrower may pay the Bunn declsred due. [f Borrower fails to pay such sums tzar to the expiration of such period. Lender may. without further notice or demand on Borrower. invoice arty rerrit~s permitted by Pa~+Ph lg hereof. Nor+-Ur+ttaonr~t Caverr~. Borrower snd Lender further covenant and spec as follows: ifl. ,lccdetetiewi Remtiies. )iluept as ! iw MmP~ 17 betas/. ~M Bsttevatlt Iteere! st M cirgeat sir apeemewt ai Bsn+s~wer b this Meru Mebrii the es+vetRarNs N M whew ~ ash swra stewed b! fNe 1Nstlgsge. I.swier - ptix N areetetaYsw sbai mail clerics to Bettsaer as ptoiied r psraps/h 14 lietest sgselfyfsgs p) sit lteaclK (t? the aKtlew tstltiei w ettee t>•eb it:aeb[ 4fi • a»t ices tturr ~ days tram tie da/e Ae nstlee fi mitt Bsnwrer. b .diele srmb iteaclr mast is eater awl (q Wt f~ifrwe N erne sorb Meaer w ss lefsa the sale ii merle sd ~ aaUa acesletetisw st tfie str¦rs steweat b' this >Nerlgage, Iis.eeMa¦re y }dieii pneseis its/ tw+ier t~.r.r 1)eeeevrst.t sit rtgbt N teiartate aQ1er aee+eieeaasw awl art ~ t. assert i• are f+sesetaarre wee..iisfi tbe.ow•esltle.oe of a defa¦It axai~y slier ddewtc a1 Bsrtswet so seed ~ r ~ Ibewms seefir~ed iy Als b1Nai~pe is is ar rdite are /art speeMei i• lire natlee. Levier st tewiet's ehtMw ~ lrrmreifalelp dire awl Mahe vritbowt twilrr- dewanA swd aw"y firseisae tbit Msrtl~e 1r! j.ileW pteasirR. 'ietider dolt re ealldti M eails?t fro streb ptsee~i~ i d tor: -psnte. inelni~.- iwt a?st Iiwrilei tsi. tesrsrrsblt s#tnrrierlt, fees. aoi cstlt ai iea~ erlienee. afistreed swi title re/srlt. i!. Itsnevra's Rislt a RaieaVte. NotwithstandinE Leride~s aoodaatan of the sums secwed by thin Mortgage. ~ .Borrower shall have the right to have any prootedings beErin try Lender to enforce this Mortpge drioontiswed at soy time 8324 P~E24S5