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Home My WebLink About1386~~~ ~~ ~ ~ ., ~, ~~K~~ . _~~t:~ ~•1`~~1 J lenders w-~tten agreement or appl~cable iaw. Borrower sha11 pay the amount ot all mortgage ~nsurance prem~ums ~n tne manner prov~ded under paragraph 2 hereof. Any amounls d~sbursed by Lende~ pursuant to th~s paragraph 7, w~th ~nterest the~eon, shall become add~t~onai mdebtedness ot Bonower secured by Ihis Mortgage. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payabte upon not~ce irom ~ender to Borrower request~ng payment thereof, and shall bear ~ntere~t trom the clate ot d~sbursement al the rate payable irom I~me to t~me on outstand~ng pnnc~pal under the Note unless payment ot ~nterest at such ~ate rvould be contrary to appl~cable Iaw, in wh~ch event such amounts shali bear ~nterest at the h~ghest rate perm~ssibie under appl~cable iaw. Noth~ng conta~~ed ~n this paragraph 7 shail reqwre Lender to mcur any expense or take any actlon he-eunder. 8. Insp~etion. Lender may make or cause to be made reasonable enlr~es upon and ~nspecl~ons ot the Property. prave~led that ~ender shall g~ve Borrower not~ce pnor to any such ~nspect~on spec~fying reasonable cause therefor .-eiated to lenders mterest in the Property. ~. Cond~mnation. The proceeds ot any award or cia~m for damages. d~rect or consequent~al. ~n connect~on w~th any condemnat~on or other tak~ng ot the Property. or pa~t thereot. or for conveyance ~n i~eu Of condemnat:on hereby ass~gned and shall be paid to lender. In the evenl of a lotal takmg ol the Property. the proceeds shall be appl~ed to the sums secured by th~s Mongage. w~th the exc.~5s. ~f any pa~d to Borrower. In the event of a part~al tak~ng ot the Property unless Borrower and Lender othe-w~se agree ~n wr~t~ng, there shali be app~~ed to the sums secured by th~s Mortgage such proport~on ot the proceeds as ~s equal to that proport~on which the amount of the sums seCUred by th~s Mortgage immediately pr~or to the date ol ;a-c:~ J bears to the fau market value of the Property ~mmed~ately pr~or to the date of tak~ng, w~th the balance of the proceeds pa~ci to the Borrower. If ihe Property ~s abandoned by Borrower. or ~t, aiter not~ce by Lende- to 8orrowe~ that the condemnor oflers to make an award or settle a cla~m tor damages. Borrower ta~ls to respond to lender w~th~n 30 days alter the date such nol~ce ~s ma~ied ~ender is authorized to collect and apply the proceeds, at Lende~s opt~on. e~ther to restorat~on o- repa~r of the P~operty or to the sums secured by th~s Mo-tgage. Untess Lender and Sorrower otherw~se agree m wr~t~ng. any such appi~cat~on of proceeds to pr~nc~pai snan not extend or postpone the due date ot the monthly ~nstallments ~eterred to in paragraphs 1 and 2 hereot or change the amount of such ~nstailments. 1 O. BoROwer Not Relsssed. Extens~on ot the t~me for payment or mod~f~cat~on ot amort~zat~on ot the sums secure~ ~y m~s Mortgage granted by Lender to any successor ~n mterest of Bo~rowe~ shail not operate to release. ~n any manner. ?^e ~~ab~~~ty of the ong~nat Borrower and Borrowers successors ~n ~nterest. Lender shan not be reqwred to commence G1~oceed~ngs aga~nst such successor or retuse to extend t~me tor payment or otheN+r~se mod~fy amort~zat~on o! the sums secured by th~s Mo~tgage by reason of any dema~d made by the or~g~nai Borrower and Borro~ve~s successors ~n ~nte-est 11. Forbearanee by Lender Not s Waiver. Any lorbearance by Lender ~n exerc~smg any r~ght o! remedy hereunder :~ ~tnerw~se aitorded by appi~cabte taw. shail not be a wa~ver of or preclude the exerase ot any such nght nr remedy i re procurement of insurance or the payment of taxes or other I~ens or charges by Lender sha41 not be a wa~ver r.i L°nder's r;ght to accelerate ihe matunty of the indebtedness secured by this Mortgage. 12. Remedies Cumulative. An remed~es prov~ded ~n th~s Mortgage are d~srnct and cumu~ative to any other r~ght or ~emedy unde~ th~s Mortgage or af(orded by laworequ~ty. and may be exerc~sed concurrentty. ~ndependently or success~veiy 13. Successors snd Assigns Bound; Joint and Seversl Uability; Captions. The covenants and agreements re•e~n conta~ned shail bind. and the nghts hereunder shalt ~nure to. the respect~ve successo~s and ass~gns of Lender and Borrower. sub~ect to the prov~ss~ns of paragraph t 7 hereot. Ail covenants and agreements ot Borrower shall be ~o;nt and several: The capt~ons and headmgs ot the paragraphs ot th~s Mortgage are for covernence only and are not to be used to ~nterpret or define the prows~ons hereot 14. Notic~. Except for any not~ce reqwred under appi~cab~e Iaw to be g~ven m another manner. (a1 any not~ce to Borrower prov~ded for ~n th~s Mortgage shall be g~ven by ma~l~ng such notrce by cert~f~ed ma~~ addressed to Borrower at the Property Address or at such other address as Borrower may des~gnate by not~ce to Lender as prov~ded herem. and ~5- any not~ce to Lender shali be g-ven by cert~f~ed ma~~. return rece~pt requested. to Lenders address stated here~n or to such other address as Lender may des~gnate by not~ce to Borrower as prov~ded here~n. Any not~ce prov~ded for ~n th~s Mortgage shali be deemed to have been g-ven to Borrower or Lender when g~ven ~n the manner des~gnated here~n. 15. Uniform Mortgays; Govsrning Law; Sevsrabilitr. This form of mortgage-comb~nes un~form covenants for ~at~onai use and non-uniform covenants w~th !~mited ti•anat~ons :~y ~urisd~ct~~,n t~ constrtute a un~t~rm 5ecunly instrument -rve~~ng real property The state and -oca~ !aris appi~cab!e to th~s Morgage sra~! be t~e ~aws ot thz ~unsd~ct~on ~n wh~ch '^g F~operty ~s ~ocated The torego~ng sentence shal; no! t~m~t ?he app~~cab~!rty ot feci~rai ia~.vlO fh~5 T.O~fCJd(~@ 111 (hP Q~~nt 'hat ar.y prov~s~on or c~ause af th~s Mortgage or the Nore r_o~~ti~cts w~iti apr; ~rat, e`avr suc-~ cont.~ct shati n~t ~ttect otne~ ;,~01~~,ons of th~s Mortgage o- ihe Mote w~~ch can be g~ven e!te~t ~.'~1hGu! thf? ~,~nf~~ _T;~:(~ ~;rn~;;5~~~r! rl.'tf1 1!~ ih!5 Pn~y (hE? ;.-~,n;~r,ns c,+ the Mortgage and ?he CJote a-e dec;are~i t~, ne ~evc~~ah,~~ 16. Borrowers Copy. Borrower shall be furn~shed a conformed copy ot the Note and of th~s Mortgage at the t~me o' execut~on or after recordat~on hereof. 17. Transf~r ot ths Rroperty; Assumptfon. It al I or any part ol the Property or an : nterest tnerem ~s sold or transferred ~y Borrower w~thout Lenders pr~or wntten consent. exclud~ng (aj the creat~on ot a ~~en or encumbrance subord~nate to ;h~s Mortgage. (b) the creat~on of a purchase money secunty interest for household appl~ances. (c1 a transfer by dewse. descent or by operation of law upon the death ot a jomt tenant or (d) the grant of any Ieasehoid ~nterest oi three years or less not contairnng an option to purchase. Lender may. at Lender s optfon. deciare all the sums secured by th~s Mortgage to be .^~mPd~ately due and aayable. Lender shall have wa~ved such option to accelerate ~f pr~or to the sate or transfer. Lender and the person ta whom lhe Property ~s to be sotd or transferred reach agreement m wnung that the cred~t of such person ~s sat~siactory to Lender and that the interest payabie on Ihe sums secured by th~s Mongage shat~ be at such rate as ~ender shali •equest. If Lender has wa~ved the opt~on to acce~erate prov~ded ~n th~s paragraph t 7. and ~t Bo~rower's successor m ;nterest has executed a wntten assumpt~on agreement accepted ~n rvr~Ung by Lender. Lender shatl release Borrower from a~! ob~~gat~ons under th~s Mortgage and the Note It Lender exerases such opt~on to acceterate. Lender shau mait Borrower nouce ot accelerat~on ~n accordance w~th paragraph 14 hereof. Such not~ce shall prov~de a per~od ot not tess tha130 days from the date the not~ce ~s ma~led w~th~n wh~ch B~rrower may pay the sums deciared due. Ii Borrower ta~ls to pay such sums pr~or to the exp~rat~on of such per~od. Lender may. w~[ho~t f~rther not~ce or demand on Borrower, ~nvoke any remed~es perm~tted by paragraph 18 hereof NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as tollows: 18. Acceleration; Rsm~diss. Except ss p~ovld~d In pars~nph 17 h~nof, upon Bor-ower's brsach of sny covenant or a~reement of Borrowsr in thfs Mo~t~a~, inctudin~ the cov~nants to pay whsn du~ any sums secured by this Mort~s~e, Lender pNor to accelerstion shsll msil notic~ to 8orrow~r ss provided in para~raph 14 hereof specifyin~: (1) Me brssch; (2) the action r~quirsd to curo such bnach; (3) a dat~, not less than 30 dsys from the date the nottce is msiled to Borrower, by which such broach must b~ cur~d; ind (4) that isilurs to cu~e such breach on or beforo the dste specftied in the notice may result in acc~lenUon of the sums secured by this MoKyage, foreclosure by judicisl proceedin~ and sale otth~ Prop~rty. Th~ notic~ shali further inform Bo~rowerotths ri~htto reinstste siteraccsl~rstion snd the riqht to ass~~t in ths tonclosuro proce~diny the non-sxistence of a d~fault or anr other detense of Borrower to acceleratlon and fonclosuro. If the bnach Is not cur~d on or bstoro the dats specitied in th~ notice, Lsnder st Lenders optlon msy declare all oi th~ sums securod by this Mort~aye to be immedist~ly due and payabl~ without furth~r demsnd and msr forecios~ this Mo~tgs~e by judicisl proceedin~. Lende~ shall bs entitlsd to collect in such proc~sding all sxpenses of forsclosure, includin~, but not 1lmited to. masonable attome~s tees, snd costs of documentary evidencs, sbstracts and title npo~ts. 19. Bo-rowers Right to Reinstate. Notw~thstand~ng Lenders acceierat~on of +he sums secured by tn~s Mortgage ~ ~~r~,wer shaU have ihe nght to have any proceedmgs begun by Lender to enforce fh~s Mortgage d~sconf~nued al any i~me ~ _ _f-_ r_- ~~~ 345 PA~~ 1~34 ~