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HomeMy WebLinkAbout0406 . ~ _ _ t . . _ _ . . _ . e . _ .r- - - - ~ ~ ~ . , • .Lender's writtat sgreearatt or applicable law. Borrower shall pay the outcast a[ aN tsotype iwtrasa pnsittw iA tM ataoser govided under paraSraplt T hea+ed. • Any amounts ditbursied by Lender purwsnt to this parsSrapb 7. ~~4 ttltereon. chap becorrts addit3oml indebtedness of Bgrpw~ir ~eew~ed~ry this MortgsSe.' Unkss Borrower anti Lender apse b alter tertws at payesest, stsclt amounts shsN be pfhseie~upoa ttaice from Lender to Borrower regtteMittS payment thereof. and sltsp bear irtltrsM front tiff J_~_ 1f_~ - _ _ . wis; ui u~aitraauai[. d i~ i-.ie pa~iai>~ frixn time eo time at ougttutdit~ principai wooer rite I~late txtisat payt~ d intereM at such rare wouW~bs co~tnry to applicsbk law, in which Brent such sntotaNS shop best intee~eM at tM hiSltnrt root permiaibk under spplicabk law. Nahing contained in this paraSraph 7 shall require Lender b incur asy axptwts er .taBt any stxiaw hereuwder. i. I.t~aeMtw. Lert~,~ri~or cause to be msde reasortabk entries upon end ittspeaiorp of the Propeet~, provided that Lender shag Sire Borrower notice prior to any welt inspection specifying rtasonabb carpe therefor rdated b Lsrrdtrls interest in the Property. - CewiewwaMsw. The proceeds of any award or claim for damages, direct or ootaeq»ealid. in eatttacdos wilt awy condemnation a other takirtS of the Property, or part thereof. a for eonveyantx in liw of eondwatios, ere h>ste6y attigwed end shall be paid blender. - in the tstrertt of a foal taking of the Property. the proceeds shall be applied to the stuns secured by this AtortS,sSR with'tlte exeest, i[ arty, paid b Horncwrer. in the event of a parti:l tsking of the Property, trnlest Borrower and Lender otherwise sSree in writirtS. there: shah be applied to the sums stecttrsd by this MorlSaSe wdt proportiow of . tha. pfiooeei ss is equal b that proportion which the amount of the wets secured by this MortSsSe imtaedialely prior b the deft d takigg bean b the .fair market value of the Property immediately prior to the date of taking; rrkh the bplatioe d the pooeeds Paid to >jforrower. If tbe-)property is abandoned by Bor.~ower, or if. after notice by Lender to Borrower that the oatdwtor of7era b eaab an awa~d'or settle a shim for damages. Born>,trcr faih to rapond to Lender within 30 days after'the dale such ratios i mailed: L»rtder is authorised to collect and apply the proceeds. at Lettder~ option. either b reMarNios a repair d trs Property or •to the wms secured by this MartttaSe. s• • . . . VAkss Lender and Borrower otherwise sgree in writing. at>)? sSldt,aPplieation of proceeds b pretdpat shah sot ealeid or ~ostportti the due date of the monthly instatlme_nts referred to in paraSraphs 1-and 2 hereof or dtanSs the asottttt d t such itgtalhttents. I~ letrswer Not Rekasd. Extension of the time for payment or tnodiflcation of amortization of the attest aeetaed by this Mortgage granted by Lender to any successor in interest of Borrower shsp trot operate to release. in airy msntter. the liability of the original Borrower and Bc+rrower's sttoceraors m htterest. Lender shall rat bs regained b commence prooeedirtSs agairpt such strocessor or refuse to extend time for payment or otherwise modify antortitatiort sf the soon . secured by this MortSaSe by reason of soy demand made by the original Borrower and Borr~o~rnar's stteoestors in interest. 11. lrsrrtaeawe~e r7 Lewier NM a rNeiver. Any forbeannoe by Lender in exercising any riSM or remedy Itateurtder. or otherwise afiorded s by pplkabk law.. shall not be a waiver of or proclude the exercise of any such right or rantedp. The procurement of irtsttrartoe or the payment of taxes or other liens or charges by Lender.shti~ rat be s waiter oE.Latder's right b seeeknte the maturity of the indebtedness secured by this Mortgage. IL 1Reweies l~itl~. Ap remedies provided in this MortSagc are distied and cturwlMive b any other right a remedy under this Mortgage or stforded by law or equity. and may bt exercised oortcturently. independently pr woge:sively. . 13. 8weeessrs atti Asttgt Botts .ioitat ant Several i.ia6ify; CaptMwt. The covenaafs sad agreeotewt3 herein contained chap bind. and the rights hereunder shall tsars to. the.rapective wooasors sod sssiSta of Lender apd Borrower. subject to the provisions of parsgnph 17 hereof. All eovenat~s and aSreemertb 'of Borrower shop be joirll and saverd. The captions' and headings of the paragraphs of this Mortgage are for eonveniptce only and art: not to ik toed b interpret or define the proves hereof. 14. NMkt. Bxoept for any notice required under appticabk law b be Siven in soother matteer. (s) any notice b Borrower provided for in this Mortgage shall be given by mailing such naioe by eertifled mail addreaed to Borrower M the Property Address or st wch other address as Borrower may designate by eotioe b i.ertder ss povided herds. and (b) any notice to Leader shop he given by cxrtitied mail, return receipt requested. b tender's addt+ett. Mated berda or b such other sddress as Lender may designate by notice to Borrower as provided heron. Any notice provided for in this Mortgage :hall be deemed to have been given to Borrower or Lender when given k the manner desipulted herds. IS. V¦itorm Mergls~t: GeversirtR Lawt Severabpkp. This form of moriSage combines ueitotm oowrtarNs tar ttatiortsl use and non-uniform covrnsnts with limited variations by jurisdiction to cortMitute a tarifonu secttti~?_ipttrtrmeM odrerinS real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is locsted. Ia Ire event that any provision or clause of this Mortgage or the Note conflicts with applicable Iaw, fetch eonllict shsp not aged other provisions of this Mortgage or the Note which can be given eQect without the oortAictietg pravisiort. std b this end the prov'tsiotp of the Mortgage and the Note are cieclarod to be severable. ~ lf~. lereewes*f g',e'y. Borrower shall be [urnishcd a conformed Dopy of the Note and of fhb Mortgage at the time of execution or shat recordation hereof. _ 17..'I~ewtter d tM Prepfrty: Asserwptisw. Tf all or arty part of the Property a an interest therein is aoW or tratdared by Borrower without Lender's prior written consent. excluding (a) the creation o[ a lien a atcumbrsnoe subordinate to this Mortsttge. tb) the creation of s purchase money security interest for household appliartoa, (c). a trattskr by devLe; desoatt or by operation of law upon the death of a joint tenant or (d) the Srsnt of any kafdtold imeteM of three pears a less not ooatairtinS sn option b purthsse, Lender may. st Lender s option. declare all the stttm fectrrsd by this Mortgage to be immodiddy due sad payable. Lender shall have waived such option to aooderate if. prior b the sale a frostier. I.esder and the pttrson.b wban the Property is to be So1J or transferred resch a~greeraeet is writing that the credit of such persae is fatidactory b Lender sod that the interest payable on the starts secured by this Mortgyt shall be st welt rate ss Leteder chap regetest. 1i Leader bas waived the opion to accelerate provided in this Paragraph 17, sad if. Borrower's wcoator in interest bas executed a written aswmprion agreerttntt sooepted in writinS by I.ender. Lender shill release Borroercr from ap o6ijgattions unties this Mortgage std the Note. ' It Lender exer~ciw such option to atxekrate. Lender shall mail Borrower notice of aeoekratien in sooordsnoc with 14 hereof. Stich notice shall provide a period of not less than 30 days frost the dale the notice is maned within Borrower may pay the stuns dxlared due. if Borrower lark to pay such sums prior b the expiption of serch period. , may, without further notice a demand on Borrower. invoke any retrtedies ptxesitted by paragraph Ile hereof. _ NoM-Utrt~ortut Co~vtHaxn. Borr~o~wer and Larder foreher covenant and sgrtt at follows: Q ti. Aeedetratlswl atswteist. ~ at prwiit/ r perapaplt 17 raee~ tt~.w Bernrwss'a Mane\ d wy e~ersww w agnewteat a7 8strewsr iw Mtis Msrlg~e, iaeiwiag the oaeae.ts a pq wrew rte a4 cwt ese~rei b Mi Mash Iwwifr pflstr N seaietsMsw rotor weer wsMeee /s aletrewer as prevtifi N psrepap` 11 revert fpseaTjlep h) Mee Maser: t21 trs sew. ee~si~si w ewes titter >rtssert Al s rlels. west loot taarr ~ hys trees Ire flare fate wsMeK r meBsd M >•sewwer. b wrkr serer Maser et¦tt w etwsit ant (4) Mat taiMre N ears war Matt srs ss re[ere Net rlatt s~selW r tour. woMcs stay nttrlt I• soc+ele:etiap d Mr ww tsewrstl•b trir 1Neelgage. fsseclsfwte h i~ lrspeieg awl title d era fib, Ire wstlet liar IYrelrer oral. Banwwar d Ire rtgltt fr rewate after aet:eleratlsw ant tie rlgltt ~ awteA i• Mrs ~trs:Nwss gttstsieg Mee wsw•rsitiewoe et s dd'i.li.r awy after aetewte d lt.rr+ewer M sny4eetlsw asi tatroelttwe. r Mee rteaei.it wet eats w err rtfsse Mee its tpseYttl fr Ire wtMee. Lttwier d l.ewier"s epfMw w>4 iselere ant ai Its watt ftewreti b tit Mseyrgs w k i.eteisleh? sw. aei ptgeMtr.rilM.l fwnrer dcrt.a.e awr wtey fiftselste err INsrlgegs b ~ Iwtteletr diets M ssMwt/ M setter r war pncseiTeg r aspeafes et fencMwne. rterstw. Met art rntilttl M. refasswtYe slturner+s fees. atstl setae d isetttweeterf eritltsee, artttsets ~ IMk repent. f!. !>atsrtwfs9 leaf M R~fietlftte. Ndwithstanding Lender's aeaeiaatioet d tits snap feetwed by thq Mortjegt. Borrower fhap have the right b have say proceedings begun by Lender to enforce the Mortpgt disooatirated at say time s f~ Re_Deww.i 80(TK 320 Piftg ~ ~.i~