HomeMy WebLinkAbout0608 ?7 T'.~~ a, . •.~.~r0.1t!~_.,~i a~M'4.}".f~•:i Z'h.• .v.~3'a. ;-e-`.'^i4'u~ r1~-t t-~!.~••~'.•,...~r.
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Lenders writMrt agresrnent a applicable law. Borrower el?all pay the amount of at1 mortgage insurance premiums in the
manner provided ur?dsr paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
indebtedness of Borrower secured by this Mortptge. Unbss Borrower and Lender agree to other temps of payment, such
amounts sttau bs payable upon notice from lender b BoROwer regtrssting prtymentthereot.and shall bear intsrestfrom the
dale of disbursentsnt ai-gte rate paytlr0h f(otrt tittle ~t gttt~, on ougltandictg prinCip~l folder tM Wote t?r?less"payment a
interest at such rate would be contrary to applicable law,ln which event such amounts shall bear Interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hmeundsf
MaoapYalt4 Lender may make or cause to be made reasonable entries upon and inspections of the Property,
provided atatLertdershall give Borrower notice priortoanysuch inspection specifying reasonab~ecausethereforrelated to
LenWri interest in the Property.
- - The proceeds aanyaward orclaim fordamages, direct orconsequential. in connection with any
oonderrlnation or other taking a the Property. a part thereof. or for conveyance in lieu of condemnation, hereby asserted
and shalt be paid to LsnWr.
IR the pNOr~t Qf a total felting a the Property. the Wooseds shall be applied to the sums secured btr this, MoR~ge.
with ~he.erdtiess. it any paid b Borrower. In the event a a partial Mkirtg a the Properly uMess Borrower and l.ender
otherwise agree in wrikrp. there shall be applied to the sums 3 yy this Nlottgage ~nt~h.prppBrti~tA,Qfthe proceeds
as is ~W b mtat'pro~ptxtion which the amount a the sums secured by this MoRgage tmmedia~? to the date of
taking boars j~o ttfe fair market value a the Property immediately prior to.the date of taking. with the balance of the proceeds
p~~~abancfoned by Borrower. or if. notice by Lender to Borrower that the condemnor otters to make
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
malted.- Lender is. authaited to collect and appy tt~e txooeeds, at Lenders option, either to restor~pplt or repair a the
Property or b the stuns secured by this Mortgage.
Unless Lender and Borrower otherwise agree to writing. any such application of proceeds to principal shall not extend
or postpone the dw daM a the awnlhh irtstalkrtsnts referred w in paragrsphs t and 2 ttsrea a change the amount tat
such installments.
10. BasOwer Not ilMeaeed Extension of the time fa payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any successor in interest a Borrower shalt not operate to release, in any manner,
the liability a the original Borrower and Borrowers successors in interest. Lender shall not be required to commence
a~ s ~ssptal font to Urr~,ipt t or otherwise modify amortization of the sums
s~ecQ~Kdihia 1~Aa~lg'by~~dsoA of ~y
demand r~ by ~i! ai~tt~orrowsr and Borrowers successors in interest.
11. Roalter/mioerll~rswtfiarNotaMtaltrar. Anytorbearanoe by Lender inexercisirtg any right a rerrtedy hereunder.
or otherwise affordtld by sppticaWe lrea. shall not be a waiver a or preclude the exercise a any stuff right or remedy.
The procurement a insurance or ttta paymarrtt a tarns or other tierts or charges by Lsrxier shall not be a waiver of Lenders
rpht to aooel.rsr the maturity a the irtWbNdnass secwed by this Mortgage. .
1!!. M1MNaaC~111allltBw. AN remedies provided in this Mortgage are distinct art~ct~tre to any other rpht a
remedy under this Nlorlgage tx aflorde0 by taw orequiq?. and maybe exercised concwrenay, tndepsrWtttyor succesartrety.
1 i. Sr00tMafa M/ Aaal~lla Mrlaa~ .1eMlt MN Baeafal L.IaifAMP; CarYOM• The covenants and agreements
Herein contained strap birte. and the ngftts ttarewtder shall irt~Me~ t0. tfte respective successors and assigns a
tender and Borower, sublet.K b tt» proviswns d paragraph t ~ henuol. Aa covenants and sgroemertts a Borrower steatt be
pint and seaerat. The captions and headings a the paragraphs a this Magage are for coventence only and are not to be
used to uwrpw or daUrrs e'lea pro+nsions hereof.
tt. MMiOtI. Etrcep for any ndree retatrrre0 under acrpt+caby taw to be grvsn m artottter manner. ity any nwrce to
Borrower provrdrd for in inls Mortpapa ytatl Oe given by tnartirtg such rtotroe by csrtitred maa addressed b Borrower at
fife 1+raperty Addrass « ~ sucA over adwess as Borrower ma11t dMynals dt? nwpa to tender of provided .herein. and
to any aoMoe tp ~ar~r srtMl ¢~4 q! pnitro mart. return r+aoayM sagtlastad. a ,enders aadress stated hewn « a
tuth OM1e? address ~ lenrlM nnitr dssivrlMe by police b 80enOwpr N pOwded rM?eMt. iMM? notice prOwOed for m Mss
Mortgage shin dsewrsd b nave Ioeen given b Borrower or thee} pnrMt ut mannM Oesrgr?aled fterern.
~ If;. 111tllrilrt iBNMa/pG atrtfwtMt~ ~ fiNttaf~MlM~lorm rrgrt~oorrtDmss trntlomt coverynEt to
~ •wt~ons~ uM en0 n0rs'ur~orAt cownarrts w+M trnne0 vanatKx+s thr itM to eonstrttate a~rtdorm teturdy ~ntaurnsnt
~ ccaveratg raa+ property The state ono toca~ wwt appt~caDte b thN tortgage short de the laws ache tw~sMctron +n which
1M P+t~rert? 't tpc,ted tt~ tcNpoinQ se~+tsncal ~lyt~ pat tNR~I the apQt+catHldy d federal tsw to tMt rrrortgsge to the event
that any pw.i+ort a sytr~ d true Irlptpage a t~ NMe cOnNrGrs vwM+ apptKaWe +aw loch coMtrct thatl not attec! other
pror.f~ror~ tat Ytti M4rtWrf3s p Mee Vase vrhrr_h can tx qe~N? erlec/ w~ttwyt the GonthCtr~ ~MOr~trtin ~nA to this erxf !ne
t,.u.,tux+t d Mrs 1Mc~rty~t4e aA0 fire kc~te •ra rrit+a~e4 >Q tyre te?verst,te
6 tls. MwrwratDtfarlr. ~re~ shoo lee aunwtro • crfetlaeteo ccrpr a the tide and or soli ManOage at the tKn.
or e~erutwr+ or s>ltar reCeros~Aw heulMC!
1 *~I~ w• N aK a arw orh d the Naperty a sn rNeeetit thsrert +t wt0 or aantteneo
rsr ~ornol atMer,M Lori pr+N ~ aetki0~np tat ttr caelrort o1 a ben a encclR~iNenu wDo+OrtrlM b
ut+s Mvnritr~e- /d ~ caytrra N a Pt/~ nranar stls.w+gr +wweer for hta»rtr~td a0ptwtces to • rtarii~lr pt? Wyse.
aesw~t er try r ~ iVaw atBor?tltylfer>r?of ditltrtl tlartarMa+t4 d+eBearMd erA? lsei~all0i0 altisMesl at florae roars er Mss
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+ • ~ itr? t~ attttllr s tf all war oar stgtl ~ Brw t~ fife oeto ash. ~oattee » Ru+tsr MM+aw
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