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Home My WebLink About0936 I.ender~t writlea ~~ent or appticabM law. Ho~~uw,o~d~ t~ ~a8 cnoM,~ye iosuraaoe p~aniww in the ma~wer ptovided w~der par~rspb 2 6ereof. . ~ Any amounb dabarted by Lender punuant tu thit pan~nph 9. w~itA iotet~eN thaeo~, ~ thall become additional ~ indebtedoea of Aotm~rer ~ecw+ed by this Mo~a~e. Unku Bort~ovMer and i.ender ap+oe tu od~e' tern~s of paymeat, wch smounes ~hall bp P~yabk upo~ nodoe troni i.eader to 8~orrowe~ requastin8 F+Y~~t tlieraot. asd shall beat interest tratn the dace of dhbur~ent a the rate payabb from tinae co tima oe ouaw~ principal upder d~e Noa nnka payaaeac ot . inta~t at a~ch nte vrootd b~ oa~tnry to appiicabk taw. i~ which event such a~nounb si~ beu iaterat at the bi~st ra~e P~k uodsr applicabk 4w. N~ oonta~ed i~ tha para~raph 9 d~aq roquire La~da~ to ~cw ao~r e~s oc take . any actlon hareunder. _ b~cMo~. Lende~ may make o~ ause to be m:de nasonabk e~trias upon and inapoctions of ths Pwperty, provided thst Lend~ shall jive Bo~roaer notioe pdor to sny wch in:peetioa specifyins etiwonable csuse tl~erefor related to Lander': inte~t in the Pe+operty. . Co~ie~M~e~. -The prooeeds of aay award or cit~im far ds~maaes, direct or conseqt~atial. in connectioa with ~ay condemn~tion or cther takin= of tha Property, or put tt~ereof, or foc oonveyanoe in lieu of co~damnation. are horeby ss~aed and ~hali be paid to I.eader. . In the event of a total taking of thc Property. the proceeds shsil be applied to the sums secured by this Mortjsse, - wide the e~cow. If any, paid to Borrower. In the evast of a partial taking of the Property, unless Borrow~c ~nd Lender otherwise a~ree in wtiting, then ~all be applicd to the wuons secured by Mis Mo~tga~es such proparrtion of the proc~eed: sz h equal to tbat proportion which the amount of the sums sxurcd by this Mortgage immediatety prior to the date ot takic~ beara to the fair maricet value of thc Property immedi;tely prior to the da~e of talcit~, with the balana of the pt+oc~eeds pai8 to Bornow+er. If tlie Property is abandoned by Borrower, c+r if, after ~oNoe by Lender to Bomowu that the oondemnor offea to make sn awsrd or settk a cl~im for damages. Borrower faila to r~spond to Lendtr within 30 days after the date wch notioe is maibd. Lender ia authoriaed to collect and apply the proceed~, at Lender'a option, either to restoration or re.pair ~ t6e Property or to the sums secwred by this Mortgage. Unless Lende~ and Borrower otherwise agree in writing, any such application of proceeds to prlncipal shall not eactend ~ or postpooe the due date of ti~e tnonthly i~tallmena rafemed ta in paragraphs i and 2 h~reof or change the atnount of such i~utallments. . i~. Dor~wer Not Rda~ei. Extension of the time for payment or modiScadon of unortization of the sun~s axured by this Mortgage ganted by Lender to any suoo~ssor in interc~ of Borrower shail no't operat~ to relea:e. in aey manner, the liability of the original Horrowec and Horrower•s succasors in interest. i.ender ahall not be required M~o~nmence P~Bs against such a~x~oaaor or refuse to extend time for payment or otherwise modjfy anwrtization of the sums sxured by this Mortgege by t+eason of any demand made by the oriain~l Borrower and BorrovvePs ~coessors in interat. ij. Fot6e~ea~ee 6;? Lp~ec Not a Waher. Any forbearancx by Lender in exeroising aoy right or nmedy hereunder, o: othervvise afforded by applicabk law. shall aot be a waiver of or prectude ths eacerc~se~ of any such right or nmedy. _ The pmcuremeot of insurance or the payment of taxa or other lieas or charges by I.ender shall not be a waiver of I.ender's ri~ht to a~ccekrate the maturity of the indebtedness secuncd hy this Mortgage. - ~ . 1Z. Re~edics (~W~fMe. A11 rdnedie.t prnvided in this Martgage an diatinct and comulative to sny other right or remedy under thia Mortgage or afforded by isw or equity. and may be exercised ca~currently. independently.or suocessively. 13. 3~ca~es~ers asi As~i~OS lowid; Jdet aai Sereed I.6ib~ Csptions. The covenants and agreema?ts henein wntained shall bind. and the rlghts hereundcr shall inure to, the respective wccasors aad assigns of I.ender and Bori+ow~er, ~ subject to ihe provisia~s of puagraph 17 hereof. All covenants and agroements of Borrower ahall be joint and several. 'Ibe qptions and headings of - the paragnphs of this Mortgage ar+e for conveoiena only and are not to be uaed to interprrt or define the provisions hereof. ' 14. NMice. B~coept for any notice required under applicabk law to be given in another manner. (a) any notioe to Borrower pmvidod for in this Mortgage shall be given by mailing stich notict by certi8od ~na~'1 addressed to Borrawer at the Property Address or at such other address as Horrower may designate by notioe to Lender as provided hereia. ~d (b) any notioe to Lender shalt be given by arti8od mail. retum rooeipt requested, to I.ende~'s addras ~ated herein or to such other addras as Lender may designate by notive to Borrower aa prnvidod i~ercin. Any notioe pmvided for in tbis Mortgage :hall be damcd to have been given to Borrower or Lendet when Eiven in the manner designatod herein. IS. Uaiforsi Mort~r, Gonrni~ Lw; 3e~e~. This form of mortgage combines unifam oovenants for nationai uae and non-uniform covenants with limited variations by jurisdiction to cautitute a u~ifonn security insfrumeat covering neal property. This Mortgage ahall be governod by the law of the jurisdiction in which ihe Property is located. In ti~e event that any proviaion or clsuse of this Mortgage or the Nate conflicts with applicabk law. sucfi conflict shall not affect other provisions of this Mortgage or the Note which can be given effcct without the conflicting provision. and to this erid the provisions of the Mortgage and the Note are doclarsd to be severabk. lf. Sonowa's Copy. Borrower shall be fumished a conformod copy ~of the Note and of this Mortgage at the time of eacecution or after recordation hercof. ~ - 17. Tea~der of tl~e h~o~p~ty; Aswna~tion. If all or any part of the Y'rvperty or an intenat therein is sold or transferrcd ' by Borrower without L.ender's prio~ written consent, excluding (a). the ct+eatioa of a lien or encumbrance wbordinate W ! this Mortgage. (b) the creation of a pur+chase money security interat for household applisnoes. (c) a transfer by devite, ~ descent or by operatioa of lavr upon the deatfi of a joint tenant or the grant of any lasehold interest of three years ~ kss ~ - not ooMaining an option to pu~+chase, Lender may, at Lender's option. doclare All the surrn xcurcd by this Mortgsge to be , ~ immediately due acd payable. I.ender shall have waived such option to aooekrate if. prar to the sak or transfer. I.ender i and ihe peraon to whan the. Propeny is to be sold or transferned reach agrcement ia writing that the credit of such peraon ~ is satisfactory to Lender and thaC the interest payabk on the sums aecured by this Mortgagt shalt be at tuch nte as I,eader ( shall requeat. 1f Leader has waived tlu option to aooderate provided in this paragnph l7. aud if Borrower's wovesaor in ` interest has exec~ted a writtea auumption agreeanent a«xpted in writins by Leada. Lender ahalt nkase Borrower from aU ~ obligations unckr this Mortgagt and the Note. ~ ~ If Lender exemasea such option to acakmte. Lender shall mail Borrower notioe of aaxkration in accotdance with paragraph 14 heroof. S~ch notiee shall provide a period of rat less than 30 days from the date the noticx ia ma~ed within ~ which Borrower may pay the sums declared due. If Borrower fails to. pay auch wms prior to the expiration of sach period, ; Lender may, without f~rther notioe or demaad on•Borrower. invoke any remodies permitted bY pAi'~B~Ph 18 hereof. ~ Nox-Ux[goiet~ Caverr~t~rrs. Borrower and I.ender futther coveaant aad a~ree as follows: ~ 13. Aoodaatfoaf Reaedia: B:ee~t as ~ro~Yed 17 ~a+eat, ~rea~i" af aq oorea~t ~r ~ a~reea~t et lon+ower b tlds M ~i~[~+ ~t rie co~~ats te Mq w4e~ dre a~. wds secKai by tl~ Mac1~e, Le~ier prior b aader~tioa ~M ~Nt ~e~ce Oo Borrower a~ protliea io.Nrapapi l+ tie~i s~ee~s (1) ~e be~aclr (2).ttie ~tio~ re~drod b c~e we~ iresc~ C~ s iMe, net ks ti~ 30 ~qs tre~e fie dab !ie ~etkt t~ s~iisa ~o 6y wtikl~ wcr bracti sa~t 6e c~uie3i aai tlat t~ee 1ar cm ~ch irea~i o~ or ietore ftie iMe ~eelted i iie ~ofkr ~q eesalt 1~ - secderstioo et ~e a~s see~ei ?y tii Mor¢a~e+ foeeebwre b~ N'~[ a~i da ot t6e lropsrf,p. 1tie ~etica ~M fut~er i~tena Don~wer ot tYt rt~Ut b re~e ~r ~ocderatlo~ aai ttie ri~t b are~t ~ tie tendewre ~eseit~ . 0~e ~o~e~eee ot a ie~dt or aq ~tMes ~etere ot Derrow~er ta sccdaatio~ ssd fae~eelowea 8~e breacti i~ ~ot creei a~ ~ o~ 6ete~e ~e d~1t ReelYei i~ 8ie ~otle~e, yLe~~der at I.~rie~e't e~fioo ~ i~el~ra ar ot t~ey~~ rcc~+ei y? ~(s Mor~ 1~ tis F ~~l~~~~~IRL~~~~ ~ ~•~~w.~,.~c~7 ~ ~ ~ b! M 1~0~ d ~ r !2~l~ Of ~6~lt10~ ~ ~ !O~ ~ 1~ f~OM~! ~f1~ ~ a~d COrb a[ ioc~l~ l~ii~ce, a~tracb a~ Iffl! r~otb. ~ 1!. lon+o~t's Ri~t to 1~1¦Ma~e. NatwitMtaading I.ender's sccekratioo ut the snans sxured by? this Mottsa~e. t Borwwer si~aU 6ave tbe ri~tt to bave anY P~~~ ~8~ bY Lender to enforoe. this Mortga~e di~ontinued at any time ~ ~ ~ ~ ~ ~ • ~ ~ ~ P11fE ~ ~ ~ -