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Home My WebLink About1159 ' • •iS i j t l~ Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance prcmiurtK in the manner provided under paragraph 2 henot. Any amotmts di~hiusesl ~by 1_ender pursuant to this paiagre~.h 7 wuh ~ntcrest thereon, shall btcorrte addstional inrkhtednesc at ltarnswct secured by this M.utgage. Unless Borrowr; :.t•d l cola agrrt to abet terms of paytrtent, tuck amastnts shall he'payahk upon notice farm Lender to Borrower regsseainR payment tM:rco~„attt shill qdr interest from the daft of disbursetnent at the rate payable from time to time ore a~tstandinlt ptmcipal under ilie Note unless payment of interest at such rate would be contran? to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Northing contained in this paragraph 7 shall require tender to incur any exptrtse a take any action hereunder. >1. Irrspeetiow. tender may make ar cause to he made rcacs+ttabk entries upon and inspectioi?s of the Property. ptrnrided that Lender shall give Borrower rxstice prior to any such inspection specifying reasonable cause thet'efor related to Larder's interest in the Property. 9. Cowtiernwsfiow. The proceeds of any award a claim for damages. direct a cottscgtletttial, in cotatec8on with any condemnation or other taking of the Property. a part ther+eot, or for conveyance in lieu d condemnation, art heteby :asigwod and shall be paid to Lender. in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by Mis MorisaBe. with the excess, it any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Larder otherwise agt•ee in writing, there shall be applied to the sums secured by this Mortgage such proportion of the q~ooeads • as is equal to that proportion which the amcxsnt of the sums secttted by thn Mortgage immediately prior to the dstt of taking bears to the fair market value of the Property immediately pricer to the daft at taking, with the balance of the proceeds paid to Buttoner. If the Property is abandoned M Borrower. ar if. after notice by lender to Borrower that the condemnor olfets to mate an award ar settle a claim for damages, Borrower fails to respond t.• Cinder within ~O days after the daft such notice is mailed. Lender is authori2ed to rnllect and apply the proceeds. a! I ertder's aption. either to restoration or repair of the Properly ar to the sums secured M this Mortgage. Unless !.ender and Borrower otherwise agree in w•rihng. any such application of proceeds to principal shag not extend , or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. 10. Borrower Not Released. Extension of the time for payment ar modifications of amortisation of the suttts secured by this Mortgage granted by lender to any cttccessor in interest of Barrow-er shall not operate to rckax. in any manner. the liability of the original Borrower and Bcxrower c successors in interest. 1_tnder shall not be required to comtner~ce proceedings against such sttecesso? or refuse to extend time far payment a aherw•ise modify amoniutan of the arms secured by this Mortgage by reason of any demand made by the ariginal Borrower and Borrower i successors in interest. s 11. Forbearance h Lewder Not s Waiter. Any torfsearance by I ender in estrcising any right or remedy hereunder. a otherwise afforded by applicable law, shall not be a waiver of ar preclude the exercix of any such right a rtnsedy. The proctrrement of insurance Isr the payment of taxes ar other liens or charges by I_tnder shall not he a traivtr of t~psder's right to accelerate the maturity of the itsddstrdriess secured by this Mortgage. 12. Remedies CtwwdNive. All remedies provided in this Mortgage art distinct and cumulative to any other right a remedy under this Mortgage or aBarded by law or equity. and may be esercictd concurrently. independently or successively. 13. Snecewots and AtwiRws ,wrwt:.>foiwt awl Several /.is6r71y: CaNisws. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successsrs and assigrss of Lender and Borrower. subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jarll and several. The captions and headings of the paragraphs s?f this Mortgage art for conveniersct only and arc not to bt shed to interpret or define the provisarss hereaf. 14. Notice. Except for any notice required under appticabk law• to be given in another manner. (a) any notice to Borrower provided for in this Martgaee shall be given by mailinlt such notice by certiAed mail addressed to Borrower at the Properly Address or at such other address as Borrower may designate by naict to Lender as provided herein. and (b) any notice to Lender shall he given by certified mail. return recnpt requested. to Lenders address stated herein a to such other address as Lender may desicn>ite by notice m Borrower as provided herein. Any ndice provided for in then Mortgage shall bt deemed to have been given to Borrower or Lender when given in the manner designated hereirt_ 1S. Uniform Mortgage; Goverwisg I.aw: StserabBity. This form of mortgage combines ssnsform covensantK for national use and ran-uniform covenants with limited variaticxss M• junsal~ctiots to constitute a uniform security iesstrsrrrsatt wvtrint real property. This Mortgage shall !•e governed by the law of the jurisdiction in which the Property is heated. in the event that any provision or classse of this Martgaec or the tine conflicts with applicable law, such conAin shall not a1feR other provisions of this Mortgage or tht Note whsch can bt given eAect without the conflicting provisior?. and to this end the provisions of the Mortgage and the Nat art riectared to he sever:bk. if. lbss+ower's Co'y. Borrower sha!! be furnished a conformed copy of the Nae and of this MortEage at tee time of execution or after recordation hercaf. 17. Transfer of ere Propertw Assnwsptiow. It all ar any pan of the Property a an interest therein is sold sx transferred by Borrower without Lenders pricer wnucn conxnt_ eidsding tat the creation of a lien or encumbrance wbordinate to this Mortgage. (bl the creatnan of a purchase mt`ney security mterest foe household appliances, /N a transfer M devise. descent or by operation of law upon the death of a js•~nt tenant ssr (d~ the grant of any kaxhold interest of three years or less not containing an option to purchase. Lender may. at lender ~ opt~cxs. declare all the sums secured by this MoAgage to bt immediately due and payable- Lender shall have wrsved such option to a::eteratt it. prior to eht vk a transfer. Lender and the person to whom Iht Property is tr. be :a1J or transterrcd reach agreement in writing that the credit of such person is satisfactory to Lender and that the intcrc.t Fa)abk on the sums secured by this Mortgage shat! bt at such rate as Lender shall request. If Lender has waived the aption to accelerate provided in this paragraph 17, and if Borrower's assessor in - interest has executed a written aswmption agreement sccepted in writing by Lender. Lrndet shall release Borrower from all obligations under this Mortgage and the Nae. If Lender exercises such option to accelerate. Lender shall mail Borrower mice of acctkratat+ in sccordatsc•. Mith paragraph 14 hereof- Such notice shall provide a period at rat less than 30 days from the date the ratio K mailed within which Borrower may pay the sums s.:clared due. if Borrower tails to pay such nuns prior to the expiratsors of such prrsnd, Lender may, without further notice a' demand on Borrower. snvoke any remedies permuted by paragraph IR dseresf. NOH-(1Nrt'ORM COirf1VANT5 Borrower ind Letsdef fUrihet cavtnaM and agree as fdlovrs: ls. Acederstion: Retwedia. Except at poritted in pwr~ra~ 17 rereaf. wlon B.rrawstrs Meaty wt sq cwrenwwl sr agreewewt of Borrower i• this MsxtRaRc. iwctatiwg ere corewawfs to Ny vrM~n doe awY saws ttettrrd r7' tlsis Mertprge. L~ prior M scetlcrstiow shay nail notice b sorrower as poritcl br pragrapr 11 rsrreot stecllYiwg:/1) Ire Mewcr:l2) ere sctiiwn rcgtsiret fo care enter Meacr:l3) a Idr. not less traw 3• Lays frorw ere state trt notice is walie> i ~Y. ~ srrci ttleacr wall be cwre~ and (1) than fsr'Isrre b care swcr Mescr a er refute ere fete speciie> scceleratiow of ere straws stxtrret rl' iris MoItRaRe. hacleeiwr b Me'e'e''~ awl sale ~ ere hw}ertr. Tito watke stall hrrtber iwto~rnt iorrower of ere right to niasfale sitetr aceeterstiow cent ere ritM M waved i t?e hreeMswrt /rsic'eestirL the wow-existence d a ietaaM or any carer rltferlse of iorrower N sccelera ~ ~ ~ ~ ~~'stewreJ !ry tYt ~Ma~eAe to re or before ere date specKed i• ere notice. lewder at I.ewtler s s*tisn n>ay lewder stair imwtedisttly dare sod pyabk witroW father densand ant Wray fanrclese Iris Msr~age r!? jsiicW /raceesit- be entitled to collect is stscr p+sceerinR aw ea/twses of toreclstwre. iwelwiwg• cwt nsl Brnilet M. reassrMe tMt•rrweys fees. swi costs of docrrtweatary tritewce, arstrscts sat title re*orts. . 19. ~orr~swer's R(~ltt to Reinstate. Nawithstand~nK 1 ender's accekratKSrs o/ the sums secured by this Mortgage. Borrower shall have the right to have am pracecdmc. het:un b~ Lender to cnf~r:e thss tl~rtgatt d~xossunued ~ am tinfe ~~~340 ?~ii~9 - - _ - - .tea