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Home My WebLink About1701. . ^ ; 3.~ l ~,;~: ~ ~ -~j~~ Lenders wr~nen ay-e~mem or apphcabte ~aw Barrower sr~au ~ay the amount ot aU mortyage ~nyurdnc.e p~ern~ums ~n me manner provided unde~ pa-agraph 2 hereot. Any amounis d~sbursed by lender puisuam to ~h~s paragraph 7, w~th ~nteresl tnereon, snaii become add~t~onai ~ndebtedness ot Borrower secured by th~s Mortgaye Unless Borrowe~ a~~d lender ayree to other terms o1 paymenl. such amounts shali be payable upon nol~ce from Lender to 9orrower request~ng payment thereol. and shall bear ~nterest irom the date ot d~sbursement at the ~ate payable from Ume to t~me on outsta~U~ng p-~nc~pal under 1he Note unless paymem o1 ~nterest at such rate would be conlrary lo appl~cable Iaw, m wh~ch event such amounts shall bear ~nteres! at the h~ghest -ate perm~ss~ble under appl~cable iaw Nothing conta~ned in Ihis paragraph 7 shali requ~re lender to inCUr 3ny expense or take any act~on hereunder 8. Insp~Ctlon. lende~ mdy make or cause to be made reasonabte entr~es upon and ~nspecl~ons ot the Property. prov~ded thal Le~der shatl g~ve Borrower not~ce pr~or to any such ~nspect~on spec~ty~ng reasonabie cause theretor reiated to Lenders interest ~n the Property 9. COrfd~fl~lnatlOn. The proceecis of any awa-d or claim for damages. d~rect or consequent,ai. m connect~on w~th any condemnation or nther tdk~ng ot the Property. or parl the~eot. or for conveyance ~n ~~eu oi Condemnat~on. hereDy ass~gned and sha11 be pa~d lo Lender tn the evenl ot a lota~ tak~ng ot the Property, the proceeds shall be appl~eZi to the sums secured by tn~s Mortgage. w~th the excess, ~I a~y pa~d to Borrowe~ In the event ot a pa~t~al takmg ot the Property untess Borrowerand Lender otherw~se agree ~n writ~ng, there sha11 be appl~ed to the sums secured by this Mortgage such proport~on of the proceeds as ~s equal to that proport~on wh~ch the amount ot ~he sums secuied by th~s Mortyage ~mmed~ately pnor to the date ot lak~ng bears to the ta~r ma-ket vaiue ot the Propert~: ,mmed~ate~y ~i~iortd the date ot tak~ny, with ihe tratance ot the proceeds pa~d to !he Borrower. If the P-operty ~s abandoned by Borrower. o~ ~t, after not~ce by Lender to Borrower that ihe condemnor otters to make an award or settte a cia~m to~ damages Borrower fa~is to respond to Lender w~th~n 30 days atte~ the date such nol+ce ~s ma~led, Lender ~s author~zed to coUeci and apply the proceeds. at Lender s opt~on, e~the~ to reste~at~on or repa~r of the Property or to the surns s~cured by th~s Mortgage. Unless Lende- and Borrower otherw~se agree m wnLng. any such apphcaUOn ot proceeds to pnnt+pal st~dll not exten.! or postpone the due date ot the monthly ~nstaliments referred to ~n paragraphs t and 2 hereot or change !he amount of such installments 10. 8o-rower Not Released. Extens~on of the time tor payment or mod~t~cation of amort~zat~on of the sums secured by th~s Mortgage granted by Lende- to any successo- ~n interest of Borrower shatl not operate to retease. ~n any manner. the t~ab~t~ty ol the ongmat 8orrower and~Borrowers successors ~n ~nterest Lender shalt'not be requ~red to commence proceed~ngs aga~nst such successor or retuse to extend t~me ter payment or otherw~se mod~fy amort~zat~on ot the sums • securE~ by th~s Mortgage by reason of any demand made 5y the o-~g~nal Borrower and Borrowers successors m~nterest. 11. Forbesrane~ by Lender Nota Walver. Any torbearance by Lende~ ~n exerc~s~ng arti,r r~ght or remedy hereunder or othennr~se atforded by appi~cabie !aw. shati not be a wa~ver ot or precluc~e the exerc~se o1 any such r~ght or remedy The procurement ot ~nsurance or the payment ot taxes or other -~ens o~ charges by Lende+ sha-t not be a wa~ver ot Lender s right to accelerate the maturaty ot !he ~ndebtedness secured by th~s Mor,gage 12. Remedies Cumulative. Atl ~emed~es prov~ded :~ th~s Mortgage are d~st~nct and cumutative to any othe~ r~ght or remedy unde~ th~s Mortgage or attorded by law or eqwty. and may be exerc~sed concurrently. intl~pendentty or successrveiy 13. Successors and Assigns Bound; Joint and Several Liebility; Captions. The covenants and agreements herem contamed shall b~nd. and the r~ghts hereunder shall ~nure to the -espect~ve successors and ass~gns oi Lender and Borrower. sub~ect to the prov~s~ons ot paragraph 17 hereot. All cove~ants and agreements of Borrower shall be . ~ t ~o~nt and severat The capt~ons and head~r~gs of the paragraphs ot th~s Mortyage are tor coven~ence onty and are n~t to be used lo ~nterprel or aet+ne !he prov~s+ons hereot 14. Notice. Except for any not~ce requued under app~~cable law to be g~ven ~n another manner. !_a- any nohce to Borrower prov~ded for ~n th~s Mortgage snaii be g~ven by ma~i~ng such ~ot~ce by cert~t~ed mai- addressed to Borrower at the Property Address or at such oti~er address as Borrower may des~gnate by nohce to Lender as prov~ded he.e~n. and ib{ any nouce to Lender shall be g~ven by ce~i~f~ed ma~t. return rece,pt requested, to Lender's address stated here~n or to sucn other address as Lender may des~gnate by not~ce to Borrower as prov~ded here~n. Any r.~t~ce prov~ded for ~n th~s Moitg~g~ shall be deemed to have beEn g~ven to Borrower oc Lender when g~ven ~n the m~nner des~gnaied here~n ~ 15. Unlform Mortgage; Governing law; Severability. Th~s form ot mortgage comb~nes un~form covenants tor nat~and! use ~ind non ~jrnform coverlants a:ith '~m~tecf var<<~r~~r•~s by ~unsciict~c~n to constrt~t~- e un~torrr: sec::nty ~nsir;,rre~t covenng rea+ prope~ty Tne state and iocat !d~vs ap~~.~c~+:~ e n t ~h~; Mar;gage sna~+ t~e tr,e ~a~rs of !he ;unSd~Ct~en ~n which tne Property ~s ~oc~afe<1 The rorEgui^C~ SEs7tPnCe S^di~ nr;t ~~n:~! thea,~p~~Gah~Iqyot te~e~a! =er: ~o ~h~s mprtgags. In±neevent th~t any provlj:Ofl ~~ c,ause of th~s Murtgaye :~r !r,F: Pti~~;F~ r r~ft} ICIS W~1h ~O71tC3t/`t' ~dY: SUCh CGf1~~~G' S!~ai' !101 d~teC1 G`?!'t~~ ;.!cit•i5~on5 ~;t thi5 "1!Ortt~~~yf• c~~ thr~ ~•:t~Tfi .tih~Ch ~ir. tit• c.; .F~~, F••+Nt.F ~v~ih: ~.,~ t+~~ r r;.~r~~~!~nt} prov~5!G'1 ~~~: !p th~s FnC,+ tne provis+ons of the Mortydc~c' d'1;~ Thf' ~~•1!f' .i!f't '.:{•(.!.:fr-l: ' !iE• j4'tii~Iiili~F• , 16. Bonowe~'s Copy. gor+owe- shan be t~r~~shed a conbrmed copy ot tr,e Note an~ ot th~s Mo~tgage at ;he t~me et execut~on or atter recordat~on hereot 17. Transterotthe Property; Assumptlon. ii all or dny pa~t of the Property or an ~nte~est iherem ~s so~d or t~ansferred hy Bo-rower w~thout Lenders pnor wntten consent. exclud~ng la- the creat~on ot a~~en or encumbrance suoordmate to th~s Mortgage. (b) the Creatron of a purchase money secur;ty ~nterest for househola appt~ances Icl a transter by dev,se. descent or by operat~on of law upon the death ot a ~o~nt tenanl or~d) the grant ot any ~easehoid +nterest ot three years or iess not conta~rnng an opt~on to pu-chase. Lender may. at Lender s opt~on. dec~are aii the sums secu~ed by th~s Mortgage to be ~mmediately due anci payable Lender shall have waived such option to acceierate ~f pr~or to the sare or transfe~, lender and the person to whom the Property ~s to be sold or translerred reach agreement ~n wr~hng that t!:e c~ed~! ot su~h person ~s sat~stactory to Lender and that tr,e mterest payabie on the sums secured by tn~s Mortgase shaii be at such rate as Lenaer shall request. If Lender t5as waived the cpt~on to a~celerate prov~ded ~n th~s paragraph 17, and ~f Borrower s successor s~ ~nterest has executed a wntten assumpt~on agreement accepted ~n wr~t~ng by Lender, Lender shail reiease Borrower Irom a!~ obi~gations under th~s Mortgage and the Note. It Lender exercises such opt~on to acceierate. Lender snalt ma~i Bor•~wer not~ce of acceler~t~on in acco+dance w~th paragraph 14 hereol. Such noi~ce shalt prov~de a per~od of not less that 30 days from the date the not~ce ~s rra,ted w~tt~~n which Borrower may pay the sums declared due. II Borrower ta~~s to pay such su,^~s pnor to the eup~rat~on ot such per~od. Lender may. without 1U~ther not~ce or demand on Borrower. ~nvoke any remedies perm~tted by paragraph t 8 hereot. NON-UNIFORM COVENANTS Borrower and Lender further covenant and agree as fonows 18. Accelsation; R~medies. Except ss provided In psragnph 17 hereof, upon BoROwers Droach of any covensnt or a~reem~nt of Borrower in this Mortgage, lncludf ng the covtns nts to pay when dw any sums sscurod by this Mort~a~e. Lsnder prior to accelsration shsll mail notic~ to Borrower ss providM !n psn~rsph t~ h~nof specityln~: ~1) the bresch; (2) the action nqulr~d to cure such broach; (3) a date, not I~ss than 30 days tro~n tM dsts the notics is rr ail~d to Borrower, by which such breach m ust be cured; and (4) that failun to curo wch bresch on or betore the dsts sp~cified In ths notlce msr iesult ih scceleratlon of th~ sums securod b~r thh MoR~a~~~ fo~eclowr~ b~- judtclsl proc~ding and sal~ ot ths Propsrty. The notic~ shsll furtfier intom~ Borrow~-o1 th~ ~ht to rolnstat~ aftsracc~lsratlon snd the ri~ht to ssss~t in ths foroclosun procNding th~ no~»xist~nc~ ot a d~hutt or sny other d~f~nss of Borrower to accelerotton snd toreclosure. If the br~ach is nat cund on or bsioh th~ dab specifled In the notic~, Lender at Lender's optton msy declare all of th~ sums secund b~- thb Mort~s~ to b~ imm~diately due and psysble without fu~thsr demand and may foreclos~ this MoR~sp~ by judiclal proc~~dln~, l.~nder shall b~ ~ntkl~d to coll~ct in such proc~eding all exp~ns~s of torsctosu~e. lncludln~, but not Ilmit~d to, nasoneble attornh/s fees, and costs of documsntary evidencs, abstracts and tltl~ nporb. 19. Borrowers Ri~ht to Rslnstats. Notw~thstand~ng Lender's acceterat~on o1 the sums secured by tr~s Mortgage. Borrower shall have the r~ght to have any proceedmgs begun by Lende- to entorce th~s Mortgage d~scont~n~ed at any t~me B~( ei't~ PAt~ ~~ s .. _ _ : ~ '~ f~~ ~"-~~ ~a' . .':i