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Home My WebLink About1663 r - t Ltssder's wtittea agnoeinertt or app4caWs law. Barr+orrer shall pay the amount d all nwrtgage firwraaos prettsitsnrr at the manner provided tusdet puagraph 2 beroot. Any smounts disbursed by Lender pursuarst to this paragraph 7. with intoreet thereon. shag become atiditiond irtdebtednas of 8ocrower soctsred by this Mortgage. Urtlae Borrower sad Lender sgroe to other terms d payreeM, strdt amounts shag be payabb upon ndiee from [.ender to Borrower requesting payment theroof. and shad bar iM~t froaa tlse date of dbbursaaent. M the rate payable from time to bate as outstandirtg principal undo ms Norse tttsleae paywierrt at interest at such rate would be contrary to applicable law. in which avant such ansoisatr shah beat iMt>tast at the higiiert raM permiaibk tinder applicable law, Ndhing coatahsed in this paragraph 7 shsll require I:ertdet to iaasr any mtpertaa ar hb say action Iteretssder. ~ 1!¦spoetless. Lender may make or cause to be msde reasoriabb entries upon and inspections of the Property. provided that Lertder shall give Borrower notice prior to any such inspection specifying reasonable cacao therefor related b Lwi'a interest in the Property. Ce~iettsrallara The proceeds of any award a claim for damages, direct a~ot~s n oonstetdiow whit any oortdernnation or other taking d the Property, or part thereof. or for conveyance in IierroF °geerr~i"e`rlt. are hereby aatigned sod shall be paid to tender. In the coati d a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage. with the excess, if say, paid to Borrower. in the event of a partial taking of the Property.. sinks Borrower and I.tiedet otherwise ague in writing. there shall be applied to the stuns secured by this Mortgage such proportion of the prvoeedr ss is equal to thst proportion which the amount of the sums senired by this Mortgage imrrtedia/ely prior to -the dais of[ taking bears to the fair market value of the Property immediately prior to the date of taking, with the balarsoe d the pooeeds paid to Borrower. If the Pboparty b abandoned by Bor.~ower, or if. after notice by Lender to Borrower that the ootsdanaor oA~ers b retsina sn award or stitlle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such uotioe b mailed. Lender is atNhociaod to collect and apply the proceeds. at Lender's option,.either to rertors>tiors or repair of fire Proppny or to the sums secured by this Mortgage. Unless Lender and Borrower dherwise agree in writing, any such application of proceeds to principal slat>1 not esrettd or postpone the disc date of the monthly installments referred to in paragraphs 1 and 2 hereof or the anrotnst d such instalhnpsts. It. •esrrawer Net Baleares. Extension of the time for payment or modiAcation of seaortiZation d the stmss seamed by ibis Mortgage granted by Lender to any wooessor in interest of Borrower shag not operate to rdcase. in say manner. the liability of the original Borrower and Borrower's wocessors in interest. Lender shall not be required to eomnsenoa proceedings against such successor or refuse to extend time for payment or otherwise modify amortization sf the swot secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's stsooesaor: in interest. 11. >Rerreararsce b i~ersder Not a Waiter. Any forbearance by Lender in exercising any tight or remedy Iserprrsder. or otherwise afforded by appligbk law. shall not be a waiver of or procltsde flan exercise of any such right or rensedy. The proctrrement of insurance a the payment of taxes or other lints or charges by Lendet shall not be a waiver d Len's right to accelerate the maturity d the indebtedness secured by this Mortgage. 12. Resweiks QarnshNve. All rcntedies provided in this Mongage are distinct and cumulative to any other right or rarsedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independasdy or wooasivdy tS. 8sserrssora ari Asrigar Botrrsi:.ioiat sal Setsesi ita6Mly; Caplfers. The covenants and apeemenb herein contained ahsfl bind. and the rights hereunder shall inur+g to. the.respective.stsooessors and srsig~ of Leader and Borrower. subject to the provisions of paragraph 17 hereof. All covenants and sgreensaits of Borra~ar shall be joird and severd. The captions' and headings of the paragraphs of this Mortgage are for oonvenierice only and art: not to Ile used to interpret or define the provisions hereof. 11. Notlea: " 1?xcep for any notice required under applicable Lvr to be given in another raarsrter. (a) any notice to Borrower provided for in this Mongage shsll be given by mailing such rsotioe by certitkd marl addreaed to Borrower at the Propeny Address or at such other address as Borrower may designate by notice to I.asder a provided hereirs, sad (b) any notice to Lender :hall he given by oeniRed mail, return reoeip requested to Landers aidrtae stated herein or to such other address as Lender may designate by notice to Borrower ss provided herein. Aoy notion provided for in this Mongage shall be deemed to have been given to Borrower of Lender when given in the matrser de:iputted herein. 1S. Unltorra Marl(~et GoverreiriK Law; Setersrihy. Th'ss form of raongage combines uniform eonrptants for national i fate and non-uniform covenants with limited variations by jurisdiction to corsstitute a tmitorm oectuity itptctsrrtutt coveting real progeny. This Mongage shall be governed by the law of the jurisdiction in which the Property b located. In the 4 event that any provision or clause of Chic Mortgage or the Note eortflicts with applicable law?. stsch coaAict shall red affect other provisions d this Mortgage or the Note which can ~ given eBect without the eonflidirig provision. and to this end the prov'rsar>s of the Mortgage sod the Note arc declared to be severable. lip. lforriawetr's Copy. Borrower shall be furnished a conformed copy of the Note sad d this Mongaga at the time I of execution or after recordation hereof. ' 17..Tea¦sfer d ire ProMertY: Asaear'tiow. if all or any part of the Property or an interest therein b sold or trarafured by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or atannbranoe subordinate to ~ this Mortgage, (b) the creation of a purchase money security interdt for hotsseltoM appliarsoes. (c) s transfer 1+)r device. • descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three yeah or less not containing an option to purchase. Lender may. at Lender's opion, declsce aft the stuns secured by this Moet;sge to be immediately due and payable. Lender shall have waived such option to aaekrata if. prior to the sale a trsr>:fer. Lender and the person io whom the Property K to be colt or transferred reach agreenterit in writing that the credit of such person ff i a satisfactory to Leiden and that the irtten~st payable on the sums secured by this Mortgage shah be at such rata as Lersder f sha11 r~egtsat. 1f Lasder has waived tlse opion to sceekrate provided in this paragraph 17. and it Boteovrer's stsooesaor is interest has axacutod a written aatsmpiion agrtarsatt sixeped in writing by I.ender. Lendrr shag r~dease Borrower fran all obljgations under this MoRgage and the Note. if Lends e>;aocbes such opion to accelerate, Lender shall mail Borrower notice of aocekration in acoordanix with paragrapls 14 heroof. Such notice shall provide a period of red less than 30 days from the date the notice is meshed within which Borrower may pay the sums declared dtx. it Borrower fails to pay such sums prior to ilia expiration d stscls period. ~ [,ender tray, without ftMhtr notice or danand on Horr+ower. invoke any rcnsedia permitted by pan~gnipls tft hereof. Now-Ut+rr~onrK Ce~t?er?,?r~rs. Borrower and Leader bulbar covenan and sgr~ee as fopows: i1R AaYeNeatla¦I Reweisa B>oes}t as Nrt~ i• l+raPaN 171senM. tsp~ tonrrrws"s iroaeh of stay eaterraM K agreerssat of lfaerwsr i, Ais Marlgage, rreiairtg ire eotenartta N le0~ stars ire srh roan werwi b Air 11/ortg~tge. Iwn/er t prMr M ateeieratiats ii says notice N Boetow~es as ~rorMei M *riragrirpls 14 tenons s*aeMyirgt h) M rwaeM t=1 tfle tteNsrs i trlaiai w ewe arts 1~ • ire. stet ins tsars 31 ia~s Brenta Ire sans Mae stalfee r ateisi Ice Baeawer. b!' vrYti onset I Mwer tttart k erret ari (n tftiat failrse M erso wet rseaer err K ltotose Ilse into spoerM r ire ttWke wq raattlt r aenM.e...t Its wr wetre~si y fir IYioetgsg~ I~aseeisrrst h 1~ ! wi str4 d Ira >rrWettp. 'Ilse ..Ilea ~ staff i!YteMser iatae~ Mrswrsr e[ tit elgltt N refrslart after aKdeestlaw rtt tlse rfgrt N arrest N Ira Msetiaetwe prMaaiB tie aew•ssYlaaoa d a ieBarlt or stay often ieBeisse d >torrower N aceeistaMars ors/ loaeit+wra ~ tic rs~eaeM fs oat caws N . K MBise rss iMs spaelBai V tie rtaliea I.ersder >M lew/e+~s o/tMrs trap' ieMiw ar d Ae sr¦rs arew+ri Ig? Alr 11leslgsNa to lee i It~aiMe11? ire anti ~e0?sifk vrMrotrt f!.rtret ieassrsA art trirq troeia.e tW Mas~tRe h ltt~W wttbao~lt• lewder ,rrD k NIIMri w eeBset is after *trteailirL aB wi hreeMsrrrt, irselrt>iaA bttt oat iriiai M. retrMrile stturweyls fees. and essi st ! ilrretr anti INIt reporle. i!. Mswses'~a RtgMt M 1Rsirstrte. Notwithstsrditilt lenders aooderation d the sums searwd by the Mongap. Borrower slta116avr: the right to have soy proceedings begun lty Lender to enforce the Mortgage discontinued u stay 6ma r 600K P~