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Home My WebLink About1060. ,.~ ~ . ~ ,.~ ~, ~ ~encler s wntten ayree;menl ur appl~cable ~aw Borrotiv~r sh~~l {~dy the ~imount o1 dll mortyaye ~ns~rince ~~rem~ums ~n Ihe m~nnar Nruv~dc.~d un~er parag-aph 2 hereol Any amounts d~sbursed by Lender pursuant to Ihis parayiaph 7, w~lh inte~est Ihert~on, shall becc,me aclcl~tiuna~ ~ndebtedness ol Borrower secured by th~s Mortgage Unless Bo-rc,wer and Lender ayree to o~her terms oi paymenl, such emuunts snaii be payable upon noUCe irom Lender to Bor-owe- requestmg payment Ine~eot. and shalt bear ~nteresl irom the date ol c]~sbursement at the ~ate payabte irom Ume Io I~me on outstand~ng pnnc~pal untler Ihe Note unless ~ayment of mteresl at such rate wOUId be contrary to appl~cabie law. m wh~ch event such amounts shall bear ~ntereSl al lhe h~ghest rale ~rm~ss~ble under apphcable iaw Nothmg coMa~ned ~n th~s paragraph 7 shalt reqwre Ler.cie~ to ~ncur any expense or Iake any act~on hereunder 8. InspeCtiOn. Lende~ may make or cause to be made -easonaUie entnes upon and inspections ot ihe Property. prov~ded that Lenc7er shall g~ve Borrowe- not~ce pr~o- toany such ~nspect~on spec~tymg -easonabie cause theretor re~ated to Lender s ~nterest ~n the Property 9. COndemnation. The pmceeds ot any award or c~aim tor ddmayes d~rect or consequent~al. in conneCUOn wdh any Condemnahon or other tak~ng ol Ihe Prope-ty. or pa~t thereot. or fU- Conveyance ~n i~eu ot CUndemn,~UUn hereby aSS~gned and shall De paid to lender. I~ the evern ot a tota~ tak~ng ot ihe Property the proceeds shaii t,e ap~i~ec] to the sums sec~red by this Mortgage. w~th ~ne excess, ~I any pa~d to eo~ruwer In the event ot a part~ai tak~ny ot tne Property unless Borrower and Lender otherw~se agree ~n wnt~ng, there shall be appt~ed to the sums secured by th~s Mortyage such proport~on ot the proceeds as ~s equal to that propvrhon Nh~ch the amount of Ihe sums secured by th~s Mortgage ~mmed~ately pnor to lhe date ot tak~ng bears to tlte ta~r mar-cet ~•atue ~,t me Property ~mmed~ately pnor to the date ol takmg, w~th the balance ol the proceeds paid to the Borrc;wer It the Property ~s abanduned tiy Borrower oi ~t etter nohce t>y Le^cfer to Borrower that Ihe condemnor otters to make an award or setUe a CI~iRI f0~ ~iamages Borrower ta~ts to respond to Lencfer wrt!~~n 30 ~ays atier Ihe date such not~ce ~s ma~led. Lentler „ authur~zc~d to collect and appiy tne proceeds ~it Lende< < apt~on e~ther to restorat~on or repa~r ot the Property or tu ihe sums ~ec~~eJ t',y ih~s Mor~gage. Uniess Lencier anu Borrower otne-w~se agree ~t~ wnt~ng any sucn appi~cat~c,n o! proceeds 1o prmc~pat shaU not exten~! c~r pustpone the due datE: of rr~e monihiy ~nstat:me^ts ~etenecf to m~~~!agr~~hs 1 and "1 hereot or chan~e the amount of such installments 1 O. Bo-rowsr Not Released. E xtens~on ot the time for payr.^.en! or mod~t~cat~on ot amort~zat~on of the sums secured by th~s Mortgage g~anted by Lender ;o any successor ~n ~nterest of Borrower shaii not operate to re~ease. ~n any manner. the J~ab~~~ty ot the ony~nai Bor-ewer and Borrower s successors ~n ~nterest Lender shat: noi be reqwred to commence proCee~~ngs aga~nst such sucCessor or retuse to exter~d ume tor payment or othe~w~se mod~fy amort~zaUOn ot ihe sums secured by th~s Mortgage by reason of any demand made by the or~~~nal Borrower and Borrower's successors ~n ~nterest. 11. Forbearance by Lender Not a Waiver. Any toroearance by Lender ~n exerc ~s~ng any r~ght or remeciy hereunder. or otherw~se affo-decf by appi~cab:e ?avr snai~ ~ot be a wa~ver of or preclude ~r~e exe~c~se of any such nght o- remedy The procureme~t ot ~ns~rance or the pay~mern of taxes or o!-te~ nens or charges by ~ender shaii not be a wawer o} Lender:s nght to acceterate the matur~ty ot the ~ndebtedness secured by tn~s Mortgage 12. Remediss Cumulative. Att remeU~es prov~ded m Ih~s Mo~tgage are d~st~nct and cumutat~ve to any othe- right or remedy under th~s Mortgage or atlordeU by ~aw or equ~ty and may be exerc~sed concurrent!y ~ndependenUy or success~vely 13. Successors and Assigns Bound; Joint and Several Liability; Captiona. Tne covenants and agreements here~n conta~ned shail b~r~tl and tne r~gnts hereunc~er shatt ~nure to the respect~ve successors and ass~gns ot Lender ano Borrower, subiect ro!he prov~~~ons of paragrapn t? hereol. AI! covenants anci ayreements of Borrower shall be ~o~nt antl several The capt~ons a~c3 ~~ead~ngs o1 the paragraphs ~t th~s tv(ortgage are tor coven~ence only and are not to be used to ~nierpret or de'me tr;e p~ov~s~ons nereot 14. Notiee. Excep! ror any not~ce requ~~ed ;,nc~e~ app,~cable Iaw to be g~ven m anether ma~ner. ~a} any nohce to Borrower prov~ded tor ~n th~s Mertgage snatl De g~ven by ma~lmq s~ch r-ot~ce by ce-i~f~ed mad 8ddressed to BQrrower at t!~e P~~pe~ty Address o~ at such other acsaress as Br;rrowe- may des~gnate 4y not,ce to Lender as piovided here~n, and ~br any not~ce to Lender s-~al# be g~ven by ~e!t~f~eU m~it ~etum rece~pt requested to Lendet s address staled herem ar to such other add~ess as Lende~ may des~gnase by n.~!~ce !o Bo-rower as provided here~n Any notice prov~ded tor in th~s h4ortgage shali be deemed 1o have been qiven ta E3orrcwe~ or Lender when g~ven :n the manner des~gnated he-e~n 15. Unitorm Mortgage; Governing Law; Severability. Th~s torm ot mor!gaye comt,~nes un~form covenants tor '~.S~i~.~ ~d~ tJSF' d•l~~ r ;n ~~r!;f:_~ .^ r rn.i'^d'lT~ .. . ' ' .'t• 1 _,~! . . ~ i:~ ~~.,~f:~ ~.'.~:~:!~• ~'~ CJ':Sil~:_.tfJ i1 U~~if~(!^. ~f'r.li(~~)' 1.^,Si(U!!lF?!i~ rove~tny ~eai Uru~~~rtv T-'t' ~~ait- d~~!l ~UCd~ 'd:.~ d::;, <a: ~!~, iF~fc p.qr~tt'~~i~~E "•dli C~e ihN ~d11S i)1 I!!@ ;u~tS~fiCl,on in whiGR. 'hC P~q~Prly ~S IO, ~i?~~r1 '~'e•'•'rF~rlO~n : ~e'?TF,nr r ~' .: .. , . , • e• ~fl;;; _<it, ',~ .,i }p,;r^~i 'a:: ic, r:;,~ fn~~rtU~~(~r; I., !hPf~:~er?• rh~! ~f1y .NO':~St.,' ! ~' , <~uSE'. )~ ihiS ~~ ,~i~~d!_~~' . 'f~ . ,' , ~ .. '~ dl)(; ,•s:, f~ ~a.. _ ~..h f nnt'~rt Sr.vr! .,~r ~11c.Ci C/1hE'~ ;~'r,.:5~ ~~S ;i! , .:~ , ,r?•~.t~~f~ . , ~~ ..',!v~ .. , •~~ . . . "a . .. . .'P• . , ,r, ~. . : ~ ~ >a".': 1(~ !n;S t•n~1 ;hE' (~r(1VIStfN15 r~~ ill~? ~'~ .. r#~i~;P f~ ~; i.,t• . ~ . ,a'~' . ~ i' . . ~a• . . .. i- . . 16. Borrower's Copy. BO~~f)tYC! S!zi3~~ ~)E' 1uf"~Shf,•(l v~.U!l1U'me:j E:OI)y O` inE 'vr~tE dn~~ r} ,h~5 ~~lortyaye a' tre hme o! execut~on or after +eco~c7at~on hereot 17. Transierof the Property: Assumption. If a~~ ~+any part o~ tne Pro~~rry o~ dr. i!:tEr~;S'• !hEtein ~5 SG~d or transterred by Borrowe- w~ihout Lender s pr~ur wn!ten cor:sen? exci~,c~;ny +.a~ !he CrNaho~ pT-a ':Cr~ or enCUr*;brance 5ubordinate to th~s Mortgage tbr the creahon of a pu+chase money secur~!y ~nteres~ for hUUSEhU~d apphanres icr a ha~ste- by dev~se ~~escen[ or by ope~at~on of law upon the dealh of a~o~nt tenanl or id1 the grant of any ieasehold mte~est ot three years or tess net conta~nrng an opUOn to purcnase Lender may. at Lendei s o~~'~on dec~are a~~ the sums secured by tn~s Mortgage to be ~mmed~ately due and payable Lender shah have wa~ved such opt~on to accele-ate ~( pr~or to the sale or transfer. Lender and the person to whom the Prope+ty ~s to be soid or translerred reach agreemer,t ~n wr~t~ng that ihe cred~t ot such person ~s sabsfactory to Lenuer and that tt~e mterest payaD:e on the sums secured by ih~s Mortgage shali be at suCh rate as Lender shall request It Lender has wa+ved the opt~on to accete~ate prov:ded ~n th~s paragraph 1 7. and ~f Borrower s successor ~n ~nterest has executed a Nntten assumpt~on agreement accepted ~n wr~t+ny by Lender, Le~der shal~ release 6orrower from all ob~~gat~ons under th~s Morigage and the Note. tf Lender exerc~ses such cpt~c,n to acceierate ~e.^.der s~~ai! mat: Borrowe~ noUCe ot acceierat~on ~n ac~ordance w~th paragraph 14 hereof Such n;,t~ce shali pro~~de a penc~ ot not iess tr~at 30 days trorr~ the Uate the noUCe ~s ma~led w~th~n wh~ch Borrower may pay the sums dec~ared due If Borrcwe~ fa~is to pay suCh sums pnor to Ihe expiration of SuCh penod. Lender may. vr~thout turther rot~ce or Uemand on Borrower. ~nvoke any remed~es perm~tted by paragraph ~ g hereot. • NON-UNIFORM COVENAN7S Borrower and Lende~ further covenant and agree as tollows 18. Acceleration; Rsmedies. EzceRt as provided in psragraph 1~7 hereof, upon Borrower's breach of any covenant oragreement of Borrower in this MoRgage, including the covenants to paywhen dus any sums secured by this Mortgage. Lendsr prior to scceleration shall msfl notice to Borrower as provided in paragraph 14 hereof specitying: (1) the breach; (2) the sction requlad to curs such bresch; (3) a dats. not less than 30 days from the dste the notice is rr.ailsd to Borrower, by which auch bresch must be cured; and (4) that failure to cure such breach on or before the date specified in the notice msy result in acceleration of ths sums secursd by this Mortgage, toreclosure by]udicfal procseding snd sale of the Property. The notice shati furthsrintorm Borrowerof fhe rightto roi~state aRsraccsleration snd the right to asse~t in the foreclosure proceeding ths non-existence of s d~fsult or any other defense of Borrower to acceleration snd foreclosure. Ii the breach is not cu~ed on or bsfors the dste specified in the notics~ Lendsr at Lendars option msy declars all of ths sums secursd by this Mortgage to be immediately due and payable without turther demand and may foreclose this Mortga~e by judicial procesdiny. Lender shall be ~ntftled to collect in such procesding sll e~snses of torsclosure, includin~, but not Umfted to, roasonable attoms~s tees. and costs of documentary evidence, abstracts and Htle rsports. 19. Borrowers Right to Reinstats. iJotw~thstand~ng Lender's accelerat~on of Ihe sums secured by th~s Mortgage. Borrr~wer shal~ have the nght to have any proceed~nys begun by Lender to enforce Th~s M~rtgage d~sconUnued at any t~me ~ ~ ~. ~-~- - ~~ .~ =::.~:~.~~. _ s . _ _. _.. 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