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Home My WebLink About0166 I rndrr•. \+rittrn agreentrnt ur .Ipph,.lhlr Lltt. liurru\+er hall pa) the ant,auu of ,dl nt=atgagr imw.ut:r prentiunts in the m.lmtrr pmvulctl untkr p:nagraph ' hereof. 1 :~u\• :un=+unts dishursrd by 1 rndrr punn.:nt to this p,lr.lgrajth 7.` M th intrre.~ ~F{cr'gun. sl?:dl hrta,nlr additional in=Irhrrdnrs ==f Iturruacr secured ht• this ~1t+n_acr l•nlcss R=+rn+acr and TrnJrr agar t=+ other terms .+f pa:•ntrnt. such :InU,llllls tllall In p:1\~:Ihlr 11I,+Ht t1t+Ilrr (r=Ntl I Ctldrf to I;=+fR+at'f Il't{Illtlln-l+ pa\'Itlt`IIl Ihrrr=+I. :Iltd tll:ll) i+t':II II11Cre.1 tram the flier I,f dishurcrntcnt ;U the sate pavahle fn+m time to time un uutctanding principal under the \Mr unless payment of ittttirCst ,It su~i? tale tualiti i+r rums:?t\ to appiit:atllr ia+c. in \+hirh r\•rnt wch amuurtlc .hail tsar inters at Ihr highest rate prrmiccihlr under applirahk laa. ?~uthing cunalined in this paragraph 7 .hall require 1 ender to incur any expense or take any action hereunder. 8. Inspection. 1 rndrr mav make ur r;ulsc to he made reaa,nahlr entries upon ;Ind Insprctiuns t+f the Property. pn,vidrd that 1 ender .hall give Rurnnvrr notice prior to :uty cu.h incpectiun sprcif)ing reacunahle r::utr thcref++r related h\ I cndcr'c inteust in the Property. 9. Condemnation. The pn+;rcds of :uty award ur claim far damages. Jircct ur ~=+nsryurntial. in cunncction with am• condcmnatian ur other taking of the Property. or part thereof, ur for cunvrvance in lira of condenutatiun. arr hrreh\_• assigned anti ,hall he paid to Lender. In the r~•cnt of a fatal takine of the Property. the pre+;rrdc .hall hr applied to the sums sr:urrd h\• this ~turtgagc. \\ith the rsrccc. if any. paid to Rarr=+\vrr. In the r\•rm t+f a partial takine of the Pmpcrt\•. unless Barn,arr :Ind l.cnder otherwise agree in writin~~. there chill to applied to Ihr wmc secured by this Mortgage such pmpurtiun of the prtxxeedc as i. cyu;ll to that prutx,rtion \+hirh the. amount of the .elms secured by this ~lurtgagr immrdiatrlc prior to the date of taking mars to the fair market \•alur of the Prolnrty imntedi:drh• prior to the .late of taking. a ith the h.dancr of the proceeds pair) tl, Borrower. If the Property is :Ihandoned by Rurruwrr. ur i(. after nt+ticr by 1 rndrr to Barn+wer that the rnndcmnor oRcrc M make an a\vard or settle a claim far d:unakrs. R=+rn,wer fail. t=, rrsp=au1 to I ender \cilhin Z(1 days after the date wch notice is mailed. Lrndrr i. authori~rd to culkct and apply the prl,ce~dt. a1 1 ender'. option. either to restoration nr repair of the PTtlpcr:\ t~r ti, the :iini..t~tiri:tl hi this \fnrig:Ige. _ l!nkss Lcndcr and Bornn\er olhcnvise agree in t+ritinr. any wch applicati=at rocredc to principal ,hall not cstcnd ar postptate the dur date of the monthh inctallmrnts referud to in paragrlphs 1 hereof or change the: amannt of ulcr= installntentc. tlJjYy, - • a 10. Borrower Vol Releaced. 1?stcncion of the time fur payment ur mt+dificatian of amortiratiun of the soon «cured h~ this M/,rtgagr granted by I.endrr tt~ am• wccecsur in intrust of Borma•cr .hall not operate to rekacr. in :Ira' manner. the liability of the original Borrower and Burmwrr's w:cresurs in intcrest. Lcndcr shall not he rryuired to commence prtx-ecdines against .etch ulecessor ar reface to rstend time far payment ur otherwise modify amurti~atiun t+f the sums secured by this Mortgage by reason of any dim;uul made by the t•ricinal l;orrt+wrr and B+,rn,wer'c atccrssurs in interest. I1. Forbearance b}• Ixnder \ot a N•aiver. Any Irrlnar;utcr by 1 ruder in eserci.ing any right ur remed\• hereunder. ar otherwise afforded h\- applicahle law. ,hall not he a wai\er 1+t ur preclude the exercise of am• such right ar umcdy. The procurement of insurance or the payment of eases or other liem t+r charges by I rndrr shall not Ina \+:li\•er t+f I ender'c right p? accclrratc the mautrit\• of the indrhhdnrss sr_urrd h\ this Monea~r. 12. Remedies ('emulative. All remedies provided in this ~lortg;tgc arr tlistinct and c:smetlatiye to ::ny =+t!frr right ur rcmrtly under this MurtgaLr ur afforded he law or eyuity. a;td mar In escrcised concurrcnth•. indepcndentls or ,urccsiveh 13. Successor and Ac~igns Barad: Joint and Se+eral i.iabilih: ('options. Thr an•rnanh and agreentenls herein cuntaine.l .hall hind, and the riches hereunder shall inure tu. the respective succrsst+rs and assigns of I ender ;ntd &,rmwer. subject to the pmci.ion. of paragraph 17 hereof. All cuven:mtc :wed aeuemrnts of Aurrowrr shall to i=+int :Ind sr\cral. The captions and. he:ulings of the paragraph. of this MurtgaLe arr for cam•rnience only antl arr not to I,r used M interpret ar define thl: pmviciuns hereof. 14. lotice. F.scept far am• notice rcynired under applicable I:u+ to In given in am+ther manner. (a1 :nty• notice to Burn,wrr provided far in This ~lortgagc shall Ix: given M' mailing such notice h~ certified m.lil ;Iddressed to Burra\+cr at the" Pmpem• :~ddrrss or :It wch other adduss ac $orro\+er rely de.iLn:ue M notice to 1 rndrr :IC prl+vidrd bruin. and Ihl am notice to I.endrr shall F,r given M' certified nt.lil. return uceil,t rryuested. tl+ I rn=lee s address slated herein or to wch .+thrr address as I,rndrr ma\' designate by n.+tirr~tu Borrower as protidcd herein. :\nv notice pn+vided fur in this ~turtgagc shall I,r deemed a• have Incn given to Borrower or 1 rndrr ether given in the manner designated herein. 15. Uniform ~iortRage: Cos:ernint; Law: Severrbility. This fl+rm of murt>•aee combines uniform covenant. far national ucc and non-uniform covenants with limited variation, by jurisdiction n= constitute a uniform security instnnnrnt rns•cring real pmprrty. This \lurtgagc shall In governed h\' the la\+ of the luri,dictil+n in tt•hich'thr Property i. loc:rtrd. In the event that any provision or clans of this \lurtti•aLe =+r the \=+tr contlitts a ith applicahlc law. such cunflirt .hall rat attest E other pro\isions of this Mortgage or the \oh \+hirh ran hr Lien effect ai•h=,ut Ihr conllictinL pmvision. anti to this end the pn,\isionc of the ~tr.rtgage and the \ote arc =tecLired to he sevrrahle. ! 16. Borrowers ('opt. Borru\crr shall he furnished a r+mlormed copy of the Vute anti of this Mortgage at the time of execution ur after ucurdation hereof. 17. Transfer of the 1'ropert}::~titiumption. If all ,+r am tart of the Pn,perty or an Intcrest therein i. sold or transferred by Korn+wer +?ithuut I.endrr's prior written consent. excluding la? the creation of alien ur encumhran:e sulx,rdinate 11, this Mortgage. (ht the creation of a purchase ntrne\ security intrust for honsehuld appliance.. (rt a transfer by devise. de.crnt or by uperltion of law upon the death .+t :I it+nrt tenant +,r Lit the Leant of :ntv leacehald interest of thus years or Iecc not conGlining an option h~ purchase. 1 rndrr mav_ . at 1 rndrr'. +,pti=at. drel;ue all the sums secured h\• this ~turtgage ro he unmediately due and payable. 1 coder shaft have w:nxed wch option su accelerate if. prior to the sale ar transfer. Lender anti the person to whom the Pmpertc is W I,e sal=I or hamferreJ reach aguemrnt in writing that the credit of such person is satisfacton~ tl, Lender and th:d the interest p:lyahle an the sums secured by this ~turtLage shall hC at such rate as Lender shall request. If Lcndcr has w•aivrd the upti=at h, arceler.ltr prrn•ided in this paragraph 17. and if Borrower ~ successor in intrust has executed a w•ritrrn assumption aguement accepted in writing by Lender. Linder shall release Borrower from all uhligationc under this Mortgage and the Nate. ' if Lcndcr exercises such option to accelerate. I rndrr shall mail Borro:+rr notice of accclcration in accordance with paragraph 14 hereof. Such nonce shall provide a peria+tt of nut Its. than 3O days tram the daft the notice is mailed within which Burrower may pay the sums decLlrrtl dur. It Barn=arr fails to pas such sums prior to the expiration of such period. Lcndcr ma:•, witht~ut further notice ur demand on ltorrrncer. invoke am• remedies permitted hc• paragraph 1R hereof. # Nov-tJ:+i1FORM COVFV.~NTS. Bormwer and Lender further cm•enant and agree as follows 18. Acceleration; Remedies. Except as provided in paragraph 17 hereof. upon Borrower's breach of any covenant or agreement of Borrower in this Mortgage, including the covenants to pa} when due any sums secured by this Mortgage. Lender prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specif}ing: (1) the breach; (2) the aNion required to cure sash breach; (3) a date. not less than 30 da}-s from the date the notice is mailed to Borrower, by which such t breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in t acceleration of the sums secured b}• this lortgage, foreclosure by judicial proceeding and sale of the Propertty. 711e notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the non-existence of a default or anp other defense of Borrower to acceleration and foreclosure. If the breach is not cared on or before the date specified in the notice, Lender at Lender's option ma}• declare all of the sums secured by this Mortgage to be immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall be entitled to collect in such proceeding all expenses of foreclosure, including. but not limited to. ressonable attorney's fees. and costs of docomentary eridence, abstracts and title reports. 19. Borrower's Right to Reinstate. Notwithstanding Lender's accclcration of the sums secured by this Mortgage. Borrower shall have the right to have any proceedines Ix gun by Lender In enforce this Mortgage discontinued at any time BOOK~~~ PdGE - - - .r.