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Home My WebLink About0942 .r_..____...__.._ ........_.w . _ ..M 1 L.eoderlt writE~e yreMwat vr applicable law. Bon~o~vir tMU pap tba ~a~ouat o~ ' ~ pceaaiuoot iu die ma~or~ pro~vided w~de~ p~ta~"sph 2 bereof. ' My amounb d~buts~d by Lendet pur:wat to thY panynph ~ritA iaterat Mereoa. d~sU beccros additional i~debtedaea~ ct Hoa~o~x se~u~+ed by tlsis Mc~ts~e. Unk~ 8arawer .aod I.arder a~ree ~o otbar eenn~ ot paynaeat, weh unouab ~hap bs p~y~bb upoa notioe fran Leeder to Borrawe~ re9~~?t WY~ot thareof. snd shall beir intera~t ttom the da~s o[ di~bw~aneat at the rs~e payabk irom time to time oe outsdu~ P~'inciPail under the No1e unka p~ya~ent ot ia~t st wcb rate wouid be cvatrary to applicaWe law. in which event wci~ smou~h d~all beu iatare~t at the hi~ rate perntiatble undec applicabie law. Noth~ eontaine3 i~ this psr~raph 7~hsi1 require I.ender to Incur aay expeme vr tdoe any action hareundet. S. ~eMM. I.ender may make or cawe to ba made rea'onabk entries upoa and inspections of the Property. provided that I.~odet shalf ~ive Borraw~e~ notivs prfor to any wch inspect'wn specifyins reatoaabk cawe theTefor rdated to I.a~der's 5nte~ ia the Pt+operty. ~ Ca~iew.Mio~. The pr~ocecds of aay award or clam for damagea, dirxc oc oonseq~naat. in oonnection ~ritl? a~ny oo~odemnation or other takiu= of the Property. or part thereof. or for oonveyance in lieu of co~demnation, ar+e hee~? a~aed and sha11 be paid to Lender. In tLe eveat of a total takina of the Propecty. the procee~ shali be apptied to the sums secured by this Mortaaee. with the exa~s. if any. paid to Borrower. tn the event of a partial taking of the Proparty, ueless BoR+owe~ and L~ otherwise asroe in writing, there shall be applied to the suma secured by this Mortgaga such pno~portion of the pcnceeds si is equa! to that proportion which the amount of the sums securod by th+s Mortgaae immediattly prior to the date of taking btars to the fair mukd value of the Prope~ty immodiatety.prior to the date of taking, witb th~ balanoe of the proceeds ~ paid to Borroaner. - If the Property is aba~doned by Borrower, or if, after notioe by I.ender to Bomoviner tha! the oa~dannor o~e~s to mske an awacd oc aettk a claim for damaga. Borrower fails to respond to Lender within 30 days after the date such notice is mailod. Lender is authoriz~d to oollect and apply the prqceeds. at Lende~'s option. CI[IiCi LO TESLOiiL1011 OT ICp11T dE UIE Property or to the sums secured by this Mortg~ge. ~ Unlsss Lende~ and Bornower otherwise agroe in writing, any such application of proc.beds to principal shall not eacta~d or postpone the due date of the a~onthly instaliments ref~rrcd to in pangraphs 1 and 2 hereof or change the amount of such installments. ' 1~. Dorrower 1~IM Rek~eed. Eatension of thc time for payment or modiflcation of amorti~?tion of the soms socured by this Mortgage granted by Lencfer to any suce~or in interest of Borrower shall not operate to rekaae, in any man!±er. the liability of the original Borrower and Bomawtr's succasors in interest. L.ender. sfiall not be requircd to comtt~enoe proeeedings against such suocessor or refuse to extensl time for payment or othen~rise modtfy aii~ort+zation of the swt?s _ secured by this Mortgage by reason of any demand made by the original Bormwer and Borrowe~': snceessors in interest. 1~. Rw~bara~ce by I.snder Not ~ Wdver. Any forbearance by I.c~der in exercising qny right or remedy henKmder. or otherwise afforded by applicabk law; shall not be. a waiver of or preclude the exercise of any soch right or ranedy. The prncurement of insunnce or the payment of taxes or other liens or charges by i.ender shall not be a waiver of Leoder's ; right to accekrate ihe maturity of the indebtedrkss secu~+ed hy this Mortgage. - 12. Ree~es G~ahli~a All remodies pr+nvided in this Mortgage ar+e distinct and cumulative to any other right or remedy unde~ this Mortgage or at[arded by law or equity. and may be exercised concurrentty. independendy or sucoestivety. - 13. 3ticcaro~s ~ud A~~s Doo~d; Joiot aad Several Liobi~ty; Gptfons. 71~e cavenants and agn5emenb haein contained shall bind. and the rights hereunder ahall inure to, the respective sucoessors and assig~s of I~nder and Borrower, subjoct to the provisio~s of paragraph 17 hereof. Ali covenants and agreements of.Borrowtr shal) be joint and aeveral. 'IT~e captions and ht~dings of the paragraphs of this Mo~tgage are for convenience oniy and are not to be used to interpret or define the provisions hereof. 14. Notice. Bxoept for any notice required uoder applicable law to be given in another manner. (a) any notice to Borrower pc+nvided Eor in this Mortgaga shafl be givrn by mailing such nofice by certifled mail addressed to Borrower at ~ the Property Addras or at ~ such other address as Bornowe~ may designate by notice to I.ender as provided herein. and. (b) any notiee to Lender shall be given by certified mail. return receipt roquested. to. I.ender's address. stated het~ein or to such otfier address as I.ender may designate by notice to Borrower aa providod herein. Any notice pr+nvidod far in this Mortgage shall~be deemod to have been given to Borrower or Ltnder when given in the manner designated herein. ~ 1S. Uaiform Mort~e; Governio~ Gaw; Se~e~. 'I~is form of ~nortgage rnmbina unifonn covenants for national ~ use and non-uniform covenants with limited variations by jurisdiction to constiwte a uniform security instrument covering ~ c~eal properiy. 7Yiis Mortgage shall be governed by the law of the jurisdiction in which the Property is located. ~n the event that any proviaio~ or clause of this Mortgage or the Note conflicis with appticabk iaw. such conflict shall not at~ect, ~ other provisions of thu Mortgage or the Note which can be given effect without the conflicting provisioo, and to this ~ end the provisions of the Mortgage and the Note arc declared to be sevenble. 16. Eonower's Copy. Borcower shall be furnished a conformed copy of the Note and of this Mortgage at the time ~ of execution or aSer recordadon heroof. " ~ 17. 'tY~a~rfer of ttie Yru~art~; Assam~Hon. If all or any part of the Property or an intec~est therein is sold os transferred ~ by Borrower without Lende~'s prior written consent. excluding (a1 the creation of a lien or encumbrnnce subordinate to this Mortgage. (b) the cnation of a purchase money security interat for household appliance.s, (c) a transfer by devi~e, desoent or by opention of law upon the death of a joint tenant or (d) the grant of any lessefiold interat of thrce years or less not containing aa option to pnrchase; Lender may, at Lender s option. declane all the sums sxured by this Mortgsge to be immediately dne and payable. Lender shall have waived such option to acxelerate if. prior to the sak or transfer. I.ender ~ and the person to whom the Propeny is to be aold or transferred reach agreemant in writing that the credit of such petaon is satisfactory to I.ender and that the interest payabk on tfie sums secured lsy this Mortgage shall be at such rate as Lender ~ shal) requeat. If Lender has waivod tl~ option to aaxlerate provided in this paragraph l7, and if Borrower's stx~oe:sor in interat has executed a written aaumption ag~eement aooeptod in writing by Lender. I.ender shall rekase Borrower from all ~ obligations under this Mortgage and the Nate. . If Lender exercisea such option to accelerate, L.ender shall mail Borrower notice of ac~xkntion in accordanoe with paragraph 14 heceuf. ~ch notioe shall provide a period of aot las than 30 days fmm the date the nonice is mailed within ~ which Horrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expira6on of such period, ~ Lender may, witlwut furiher noti~x or demand on•Borrower, invoke any remedia permitted by paraaraph 18 her+eof. ~ i NON UMFORM COVPNANI"f. Bornawer and I.ender further oovenant and agr+ee at follaMS: ~ . ls. Acedaatlo~ Ra~edies. E~ccept s pro~fied b p~ra~ra~ 17 6e~eaf, ~>o~e~owa'~ tirae~ ot aq ~o~es~t K a~ree~est ot E~ebwe~ i~ tlds Moe~e, ~ tie co~e~sNs to py wbe* d¦e b~~ I.e~er . ~eiar ta aeed~ ia1 atl ~otks ~ fornower a~ ~ovided ~ para~b 14 ~ercot ~ed[~ri~s (1) tl~e bnse~ t~s a~iio~ e~a~i ~O e~s ..ci a.~i t~? a a.1e, .ot ks ua. 3e aq~ cem. tie a.c~ e~e .otke r,.~ea fo 1ore~..~, .b ..Yci ..~r breael~ wrt M ew~ ri ~at taY~re b csre ~i be+eac~ o~ or 6dore tl~e iabe a~ediei i~ t~e ~stke rq ree¦It L ae~deeatloa at tre ws reca~si ly ~is Morlsa~e, ta~eclowre b js~ehi le~e~ si wle ot H~e lno~t~. ~e ~a~tlae ' s~M trnrl~a~ ido~ ~rt~rwer ot tie rl~rt ~o rei¦~/e a[ler aeedaatloM a~i ~e ri~t 1o areet is 1rt t~eeioww~s ~neeei~ Ire ~s~~e~tNCe ~t a iet~lt or aiq? otra ietere ef ~eerower /o ~ceek+atlo~ a~d t~e+eelow~w B f4 l~esei i Mt a~ei ~a , or be[~re IM iM ~eMei i~ ttie ~ofk~,l.e~ier M Le~iera orfb¦ rq ieel~ee a11 at ~e w~r ~ei y~ Ma~e tr tie , i~..~eil.ld;~ i.e ..i ~qiiie .eMY~.R t~t~ ie.ui a.t .q tor«lore d~ Mort~s b~ wK'~~4 bs wttdi ts atiieet 4 wei~ peeeeii~ ~i e~ea~ d breeieau~e, i~el~d~. bMt .ot M~Mei a, rew~Ye altors~s t~es, si aAi at ~ary s+~Ye~a. ai~lrser M tl~e re~oel~ . U. 1~~we~'s R~t 1~ l~eirsle. NotwitMtandin= Le~der's acoekration ot the sums secnrod by tLis Moitp~e, Hort~o~ror t6att itv~e tl~e ri~ w 6ave any prooeedin~s beaua b~ t.eader to enfor~oe this Mortp~e di~oootiaued at at~? time ~ ~4~!3 P,~ 9~i - .