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Home My WebLink About0908r ~ ,'~r+l~ ' ~ , Lenders wnlten aqreemeM o- apphcable iaw Rnrr~wpr ShaU nay thP Amnunt nf ;~il m~.~nanA ~nsu-anrP ~-c~m~~~ms ~n ~nA manner provided unde- paragiaph 2 he~eot. Any amounts d~sbursed by Lender pursuant to Ih~s paragraph 7, w~th ~nterest thereon, shall become add~t~ona~ ~ndebtedness ot Borrower secured by th~s Mortgage Untess Borrower and lender agr~e to othe~ terms of payment. such amounts shaU be payab~e upon not~ce from Lender to 8orrower request~ng payment Ihe~eot, and sha11 bear ~nterest Irom the date of d~sbursement at the rate payabie f-om t~me to t~me on outstand~ng pnnc~pal under the Note unless paymeni ot mterest at such rate would be conVary to apphcabte law. ~n which event such amounts shali bear interest at the h~ghesl iate perm~ss~ble under appl~cable iaw Noth~ng conta~ned ~n th~s pa~agraph 7 shall requ~re Lender to ~ncur any expense or take any act~on hereunder. 8. i~speCtlOn. Lender may make or cause to be made reasonabte en-r~es upon and ~nspections ot the Property. prov~ded that Lender shall gwe Bor-ower nonce pnor to any such mspect~on specdy~ng reasonable cause therefor reiated -o lenders mterest ~n the Propert~ 9. Condemnstion. The proceeds ot any award or claim for damages, d~rect or con;equent~ai. in connPCtion wdh any condemnatron or other tak~ng ot the Property, or part thereof. or tor conveyance +n heu ot ccndemnat~on. he-eby ass~gned and shall be paid to lender In the event oi a totai tak~ng ot the P~operty. ~he proceeds shall be appi~ed to the sums secured by th~s Mortgage w~th ~he excesS. if any pa~d tc Borrower In the event ot a part~ai tak~ng of Ihe Property unless Borrower and ~ender otherw~se agree m wr~t~ng. there shall be appl~ed to Ihe sums secured by th~s Mortgage such proport~on ol the proceeds as ~s equal to that proport~on wh~ch the amount ot the sums secured by th~s Mo-tgage ~mmediately pr~or to the date ot ;ak~ng hears fo the (air market vaiue of the Property ~mmed~ately pr~or to the date of tak~ng, w~th the baiance of the p~oceeds pa~d to the Borrower. ti the Property ~s abandoned by Borrower. or ~f. attEr not~ce by Lender to Borrower that the condemnor otfeis to make an awarcf or settle a cla~m tor damages Borrower la~is to respond te Lender w~th,n 30 days atter the date such not~ce ~s ma~ied, lender is author~zed to coliect and app~y the proceeds. at Lender's opl~on. e~ther tfl resto-at~on or repa~r ot the Property or to the sums secured by th~s Mortgage Unless Lender and 8orrower otherw~se ag-ee +n wnt~ng. any such appt~cahon ot p~oceeds to prmcipat shall not extend or postpone the due date ot the monthly ~nstaliments referred to ~n parag-aphs t and 2 hereof or change the amount of suCh installments. 10. Borrower Not Released. Extens~on of the t~me tor payment or mcxf~f~caUOn of amorti2at~on ot the sums secured by Ih~s Mortgage granted by Lender to any successor ~n ~nterest of Borrower shail not operate to release, ~n any manner. tne hab~~~ty ot the ongmal Borrowe~ and Borrowers successors ~n ~nteresl Lender shaN not be reqwred to commence proceed~ngs aga~nst such successor o~ retuse to extend t~me for payrner,t o~ otherw~se mod~fy amort~zat~on n! the sums secured by th~s Mortgage by reason ot any demand made by the or~g~nai Borrower and Borrowers successors ~n mterest 11. Forbearance by Lende~ Not a Waiver. Any fo-bearance by Lender ~n exercis~ng any nght or remedy hereunder. or ctherw~se aftorded by appl~cabte law. shall not be a wa~ver of o~ prectude the exerc~se of a~y such r~ght or remedy. The Drocurement o1 ~nsurance or the payment ot taxes o- other I~ens or charges by Lender shall not be a wa~ver of Lender s r~ght to accelerate the matunty of the ~ndebtedness secured by th~s Mortgage. - 12. Remedies Cumulstive. AII remed~es prov~ded ~n ih~s Mortgage are d~st~nct and cumuiat~ve to any other nght or remedy under th~s MoRgage or aftorded by !aw or eqwiy. and may be exerc~sed concurrently. ~ndependently or success~vefy 13. Suecessors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements here~n conta~ned shaif b~nd. and the r~ghfs t~ereunder shaU ~nure to. tne respect~ve successors and ass~gns of iender and Borrower. sub~ect to the prov~s~ons ot paragraph 1 7 hereof Alt covenants and agreemer,ts of Borrower shal! be ;o~nt and severat The capt~ons and head~ngs of the paragraphs o~ th~s Mortgage are for covemence only and are not to be useci to ~nterpret or dehne the prov~s~ons hereot 14. Notice. Excepl for any noi~ce requ~red under appt~cable law to be g~ven m another manner rar any notice to Borrower prov~ded for m th~s Mortgage shall be geven by ma~hng such nohce by cert~hed ma~t addressed to Bonower at the Property Address or at such other address as Borrower may des~gnate by not~ce to Lender as prov~ded here~n. and Ibi any not~ce to Lender shall be g~ven by cert~f~ed ma~l. return rece~pt requested. to Lender's address stated here~n or to such other address as Lender may des~gnate by nol~ce to Borrower as prov~ded herem Any not~ce prov~ded lor m th~s Mortgage shatl be deemed to have been g~ven to Borrower or Le~der when g~ven ~n the manner des~gnated herem 15. Unitorm Mortgage; Governing ~aw; Severability. Th~s torm ot mortgage comb~nes un~tc~m covenants tor na?~nna: u5e and nort-unilorm cavenants v:~ih "~m,tt~~f v~nat~nn; hy ;unSd~Ct~On M ConSiitute ~ unitOrm Se!'~nty inct!umenT ~o~-.~nng rea: property The s?ate anrl !~;C~l' 'd•.f5 :i~~~~~~C ~hfn r(; th~S'J!r;r+~egF ShaU h~ i~e !~1•.•,rs ot fhf~ ~unsr}ir.,~~n :n .•~h!Ct; ?h~ Pr,^,n~rtv ~S i7Cate~1 The tpr~goi~~ Sp~?p~Cn Sn~~!; nr~t f~m;t'hF• a{)[i'~C:lhl!II}! O~ }P.der~3! .a:~~ to th~s mortqac~e In ihe even! thdf a~y rrOv~5i0~1 Or f.!c"~USF' Qf 1!?~5 M~irtC~dC)E' OI 1hP i ~(>!P C~)n}ii( ?S Y:iih ~~ppftCah!f' ~<i'N SUCh Conf i~Ct S^af! n~? ~i!}PC1 n!hf'! p~OViS~onS Ot 1-~~S ~J10rTqnt7e n~ th~ r1<itt~ :~.r!~h C~n hP nr:~~ !~ttc~rt ~:!ihr~::' 1he Cnnthrhnc3 C~'~r•~5~~~n dn~1 !~~ !h~5 PnC1 ih~ ~•ny~S~~nS o~ the Mortgag~ d~cJ 1`'•~~ 'd.,'r• ;~•~• rl~C!dr~cf 'r, !,F• >~:~~~a:~;r. . 16. BorrowePs Copy. Borrower shali be furrnsn~ a contarmed copy of the 'Vote and of th~s Mortgage at the t~me of execut~on or after recordation hereot 17. Transierof the Property; Assumptfon. tt ali or any part ot tne P+operty or an ~nterest there~n ~s soid or transferred by Borro~ver w~thout Lende-'s pr~or w-~tten consent. exciud~ng ia~ ihe creahon ot a-~en or encumbrance subord~nate to th~s Mortgage. lbl the creat~on of a purchase money secw~ty ~nterest for household apphances. Ic- a transfer by dev~se. descent or by operat~on of law upon the death ol a jomt tenant or ~d! the grant ot any Ieasehold ~~terest of three years or less ~ot conta~n~ng an opt~on to purchase. Lender may. at Len~!~r s opt~on. deciare aii the sums secured by this Mortgage to be ~mmed~ately due and payable Lender shan have wa+ved s~ch opt~an to acc~ierate ~f pr~or to the sale or transfe-. Lender and the person to whom the P-operty ~s to be sold or transterred reach ag~eement ~n wr~t~ng that ihe cred~t of such persor, ~s sat~sfactory to Lender and that the ~nterest payab-e on the sums secured by th~s Mortgage shal~ be at such rate as Lender shall request. If Lender has wa~ved the opt~on to acceierate p-ov~ded ~n th~s paragraph 17. and ~f Borrower s successor m mterest has executed a w-~tten ass~mpt~on agreement accepted ~n wr~t~ng by Lender. Lender shal~ release Borrower from ai~ obngat~ons under th~s Mortgage and the Note tf Lender exerc~ses such opt~on to accelerate. Lender shall ma~- Borrower not~ce ot accelerat~on m accordance w~th Daragraph 14 hereof Such notice shali prov~de a per~od ot rot less fhat 30 days trom the date the not~ce ~s ma~led w~th~n wh~~h Borrower may pay the sums declared due. If Borrower fa~is to pay such sums pr~or to the exp~ral~on of such penod. Lender may. w~thout turther not~ce or demand on Borrowe-, ~nvoke any remed~es perm~tted by paragraph 18 hereof NON-UNIFORM COVENANTS Borrower and Lender lurther covenant and agree as foi~ows: 18. ~ Accelerstlon; Rsmedies. Except as provided In paragraph 17 hereof, upon Bonower's breach of any covenant orsgreement oi Borrower in this Mortgage, including the covsnants to paywhen due any sums secured by this Mortgsge, Lender prio~ to accel~ration shsll mail notice to Borrower ss provided in parsgraph 14 hereot specifying: (1 ~ the breach; (2- the actfon requlred to cure such breach; (3) a dste, not less than 30 dsys trom the date the notics is mailed to Bonowsr, bywhich such breach must be cursd; and (4~ thattailureto cure such bresch on or before the dste specified in th~ notice msy result in acce:sration of the sums secured by this Mo~tgage. loreclosure by judicisl proceeding snd ssle oithe Property. Ths notics shall further inform Borrowerof the rightto reinstate atter acceleration snd ths right to asseet In the foreclosurs proc~eding th• non-sxlstence of s default or any other defsns~ of Borcower to acc~leration and foreclosuro. It the br~ach !s not cured on or b~foro th~ date spscifled in the notics, Lsnder st Lenders option may declar~ ali of the sums sacurod by this Mort~ag~ to be immedistely du~ and psyabls without fu~the~ demand and msy toreclose thls Mortgag~ by judicial proceeding. Lendsr shall be entitied to collect in such proceedin~ ali sxpenses of foreclosure, including, but not Nmited to, roasonsble sttoms~'s fees. snd costs of documsntary evidence. abstracts snd title reports. 19. 8onowers Right to Reinststs. Notw~thstand~ng Lende= s accelerat~on ot the sums secured by th~s Mortgage Borrower shail have the r~ght to have any proceed~ngs begun by Lender to enforce ih~s Mortgage d~scont~nued at any t~me `'q~~ P~;E ~~~ 1 p~~K, ._ . ~•