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Home My WebLink About0922 ~ . ~ . - ~ LenJrr's wrii~en agreement or applicable laH•. Hurrawer shali pay the amuuM of ail mottgage insurance premiums in tht manncr pruwde~l under paragraph 2 hereof. Any amoums di~hursed by Len~ier punuant io this par.ig~aph 7, w~th intercst therton, shall become additional in~kbrednex uf Borrower secured by this Mortgage. Un{est Borruwer anJ i_ender agree to other tertns ot payment, such am~~ums shall bC pa)•ablc u~n notice (rom I_endcr to B~~rrowrr reyuesting payment thereol, end shall t~ear interest from the ~lale of Jicbursement at the rate payahle from time to time on outxtanding principal under the Note unlas payment of interest at such rate would be contrary to applicable IaH~, in which event such amounts shall txar interest at the highest rate permissihle under applicable law. Nothing cont~ined in thit paragraph 7 sha11 require [.ender to incur any expense or take any action hereunder. 8. InspecNon. i.ender mav makr c,r rausr to be made rea~onable entr.ec upon and inspections ~f the Properly, provided sh:it Lender ~hall gi~•r Borrower noti~e prior to any wch inspecti~n ~pecifying reasonable cause there(~~r relaled to Ltnder's in~crc,t in the Propcrty. 9. Condemnation. The pr~~:eed. of any aK:+rd i~r rlaim for Jamaees. d6rect i~r con.equential, in connection with any c.~ndemnation ~~r ather taking of the Pro~xrty, ur part thyreuf. or for r~~m•ryance in li:u of condemnation, are hereby ascigned :~n.l ,hall h~ paid t~ {.cndcr. tn ~he e~ent ~f a t.~tal Iakine ~~f thr P~o~rt~•. thr ~mceeds thall hc ~pplicd to the ~um< <ecured by this Mortgage. uith !he e~rc~s, i! any, raid to Burr~~wer ln ihe event e~f a partial taking of the Properry, unlesc Borrow~er and I.ender ~~~herHi~e agrec in writin~. therc shall he appGed t~~ the wm~ ~ecure~ hy thi, Mortgage cuch proportion of the proceeds as ic eyual to that pri~portic.n which thc amount i~f the sum~ ucured b~• this ~tortgage immediately prior to the date of taking he~rs to the fair market ~•alue of the Propert~ immediatel~~ pric•r to the date of taking. v.•ith the bafance of the procteds paid t~~ Borrow~er. if the Propert}' ie ahand~ned h~• Rorrc•HCr. ~r if. after n~tice hy I ender tn Borrower that the condemnor ofiers to make an aH.ird .~r .eule a claim f~~r da~n:~gc.. Be~rmwcr fai{~ ti. r~.~,nd t~ 1 ender within ;0 da}~s after Ihe date such notice is n~:~~led. Lender i. auth~rized te~ collect and apply the proceeds. at Lende~'c option, e+ther to restoration or repair of tht ProEx•rn ~r t~, the wm. ~rrured h~ Ihis Mortgage. L'nlrs~ Len~irr and Borre~Her otherHi~e agree in ~+ritin~. an}~ sue:h application ~f proceedt to principal shall not ertend .~r p;~.tpnne ~tie duc Jate r! the m~nthl} incta{lmrntc rcferrcd to in paragr:~ph, t and 2 hereof or change the amount of ,urti ~nuallmentt. 10. BorroN~er tiot Released. F.~tenci~n of the time for pa~ment or modificatic,n of amortization of the sums secured h}• th~ti M~~rtgaer granted h}• 1 cn~lcr tn am• aucrecti~~r in intere~t ot B~rrowrr thall not operate lo release. in any manner, thr Gahili~} ~~f the original Borrower .~nd B~~sre•wer'. surres~~~r~ in interes~. i.ender shalt not he required to commence ~rucec~tines ag.+inst ~uch tiucre~si~r c~r refu~e t~, e~ten~i time f~r payment or othen+~i~e modify amortization e~f the sums :e~urrd h~ thi. 1~1~rtgage h~~ reau,n of :~m• demand made b~ Ihe ~~rieinal Borre~wer and B~~rrower's cuccectort in interest. 11. Fnrbearance by f.ender 1ot a VI'aiver. An~ f~~rhearance hv 1 rnder in erercising am~ right or r~medy hereunder. or ~~thrru~i~e :~1Turded h}~ ~pplicahle I:IK', S~1:fII not he a w~aiver ~~f ~~r preciude the erercise of am~ such right or remedy. Thr prckurement ~f insurancc or ~he payment of t:»r. i~r e,ther lienc or charge~ b}' Lender ~hali not t~e a waiver of [.ender's rirht t~~ acceler:ile Ihe maturit~~ c~f the indeMrdn«~ ~~.ured h~~ thic ~lortgage. 12. Remedies Cumnlative. AH remc~iics pr~~~ idcd in thi~ '~lortg3ge are distinct and rumulativc to an}' other rigM or reme~h under thi. M~r~gage or atG~rdrd hp la~ rr ryuit~•. .~nd ma~ 4+e e~erci~ed c~ncurrenth•. independentt} or successivel}•. 13. Successors and AtsiRnc Bound: ]ainl ~nd Se~eral I.iabilih; Capteonc. The ro~enants and agreertents herein ~c~ntaineJ thall hind, and Ihe ri¢hts hereunder ~hall ~n!ire t~. the re~pecU~e succet~e.rs and astignt of I ender and Borrower. ,uhject to thr pr~,~•itiiom t~f paragraph 17 hcrcof :~11 ru~~rnants anJ agrecment~ ~f Borrawer shall be jnint and several. Thr ~aptiunc an~l heading~ ~f thc paraeraph. ~~f thi~ 14artgag~ are fc~r cc.nv~nieneE only and are nc~t to be uced to mter~rel or define ~he pm~ici~~nc here~~f. 14. `ofice. E+ccept fe~r ant• notice reyuir~d un~lcr appli~ahle la~+ t~• be given in an~ther manner. fal any notice to B~~rruwe~ pm.ided !or in thi~ M~~rtgage ~hall hr t;i~~~n h} mailin~; .uch notice h} cerhfied mail addret;ed to Bormwer at thr Pr~.pert~~ Addre~. ~~r :~t wch ~~Iher aildre., as B~~rmwer m:i~~ de~ignate b}• n~~tice te~ i ender as provicled herein, and Ih~ am n~~ticr t~ Lrn~irr shall he gi~en h~ cerhfie~ m:ul. rrlurn rece~pt reque~ted. te~ 1 ender't addre~s stated herein or to ~urfi ~~ther addrrst a~ l ender ma~ detiienate h~ nrtirr t~~ H<~rruwer as pmti•ideJ herein. ,Am~ notice pmvided for in thic ~turtgagr shall tx deemed t~~ ha~c becn gi~Ln t~ B~rrc+~.er ~~r l ender when g~~~cn in the manner detignated herein. ~ 15. l'nifwrm ltort~a~e: C,orernin~ LaN; Seaerabilitr. Thi~ f~rm of mortgaec ~~mhines i?nilorm covenanss for national use anJ n~~n-unif~,rm c~ncnanl~ with IimitcJ ~•ariati~~n, h~ ~un.~1~~r.~n t~~ r~~nstitute a uniform se~urit}~ instrument co~~ering F real pr~•~rt}•. Thi, ~tortg~ge Shal1 Tn e~~••~rned h~ thr lak ~~f IhL iuri,~iirti~m in w•hich the Properh' i~ li~cated. In the cven( th.~t an}• provisiun c~r clai«e uf thi, ~Snrt~;~gc ~~r ;fi~ \,~tc ci~nfli~tti ~+ith appficahte law•, such conflict ~hal) not affiect ~ ~~thrr ~m~itii~~n~ ~~f thit '~t~rt~ace ~~r th~ N<~tr tih~rh ~an he g~~en rffrrt withoiu the conftictin¢ pmvisio~i, and to tfiis ~ cnd Ihc rm~i~iun~ of th~ '.1i~rtgag~ :,nd thc '\utr ;,re Jc.l.ired t~~ hc ~everahle ! 36. Bonowers Cop}~. BorroHCr .hall hc furn~.he~l i~~nf~~rmed rnp}• of thc Nntr and ~f thi~ Mortgage at the time ~ «f e~rrution or a(ter rerordation herei~f. 17. Transfer of the Properl~; A~tiamption. If alI ~~r an~ ~ert ~~f thc Pmpcrt}' c~r an mterctt therc~n is s~ld or tran5ferred h} R~rn~wrr with~~ut I.~nder's pr~c~r written rc~nsent, e~~luding ini thc rreali~~n uf a lien nr encumhrance subordinate to th~ti ~tortgage. 1b1 the creati~.n of a purrhatie mc~ne}~ .ecurit} mterest f~~r h~u~eh~ld appliance~. Icl a trancfer h}' devise, de,cem <~r hy ~~~cration of I:iw upctin the ~eath rf ~ j~~mt tenant .~r (~1~ the grans c~f any leasehold interest of three years or lesc n.~t containing an optii~n t~~ purchase. Lender m:~}, at 1 rnder~~ ~~ptie~n, de~lare all the sums secured hy this Mortgage to be ~mm~Jiately due and pa}'able Lcnder chall ha~r u.i~ved tiurh i~ption te: accelerate if. prior to the tale or transfer, i.ender ~ncl thc pcrson to wh~m tfie Propert}~ i~ t~~ be volil c~r tr:inSferrcd rearh :igreement in µriting that thc credit of such person i5 satitfacior~ to Len~irr :~nd that the intere~t payahle ~~n the si+m~ ~ccured h~• tfiis'~Sorteage shall be at such ra~e as Lender ~h~ll reyuest. (f 1 ender has wai~ed the npti~~n t~~ acceler.~te pmvided in this paragraph 17, and if Borrower's successor in ~nterest has executed a written assumption agreement accepted in writing by Lender, l.ender shall releace Borrow~er from al) obligati~ns uneier this !~S~rtgage and lfie Note. If [ ender exercisc5 ~uch u{~t+~~n t~~ a~crleratr. [ ~n.ie- ~halt m~il Bc~rr~~wer nohce ~f acceleration in accordance uith paragraph 1~2 hereof. Such nc~tice ~hall provide periu~} rf rnn ies~ than 30 da}~s fmm ihe date the notice is mailed within uh~ch Bc~rroHCr ma} ~a} the tums declareJ due. If B~rrn~rr failc ~c~ pa} tuih ~umc pri~r t~ ihe ex~iralion ~f tuch period. [.endcr mat~. Hith~~tit (urthcr notice iu.icmand nn H„rr,~~srr. in~c~},e an} r~medies prrmitted hy paragraph IR hereof. '.`ov-t.'xtFOR~~ CovFx.,vrs Bnrrower and Lender further covenant and agree as follows: ~ 18. Acceler~tion; Remedies. Except as pro~ided in pnra~raph 17 hereof. upon Borrower's breach of any covenant or ~ ~~reeme~t of Borrower in this titortgaRe, inc{udinR tfie co~enanis to pay wfien due any sums secured by tbis Mortgage, i,eeder ~ prior to acceleration shall mail notice to Borrower as pro~ided in Q~ra~raph 14 hereof specifying: (1) tfie brcach; (2) t!u action ~ required to cure sucb brearh; (3) a d~te, not less Ihan 30 days from the date the notice is mailed to Borrower, by which wch ~ breach must be currd; and (4) that failure to cure such breach on or beforc the date specifitd in the notkt may result in ~ acceleration of the sums secured by this MortR~ge, forcclosure by judiciai proceeding and salt of the Property. '[lse notict ~ sh~ll further inform Borr~wer of the riRht to reinstate after acceleration and ths right to assert in ths toteclosure proceedi~ the non-exKtence of a default or anv other defense of Borrower to acceleration and foreclosurc. If fht brts~ch is not cured oa or before the date specified in the notice, [.ender at Lender's option may declare aq of the sums secured by this Mortaa~e to be immediately due and pavable without furthcr demand and may forectc?se th~s Mort~age by judicial proceeding. [,e~dtr shdl be entitled to collect en such proceedin~ ali expensts of foreclosure, including, but not limited to, ressonab{e attorMy's fres, ~ ~nd costs of documentary evidence, ~bstracts and title rcports. ' 19. Borrower's RiRht to Reinstate. Notwith~tanding [.ender's acceleration of the sums secured by th~s Mortgage. ~ Borrower shatl have the right to have an~ pra;eedings hegun hy Lender :o enforce this Mortgage discontinued at any time . ~ ` f?~t w j~ ~ z ~c~x'~ah~ ~at~ ~ ~ ~ , _ ~.c. - _ - ~ . ~ " ' ~ _ ~ V...j.1f ~3 ,C~l`.' ~ "Y ~ ~ ~ ~ ' J ~ ~ Yl~- "~~in'.~+~~f~~~'~ ~