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Home My WebLink About0957 as. - ~ ' ~ . . , ~ . ~ • , s . . { -I.encicr's ~~rit~cn a~rctment ar a~piical~lc J~w. .Barro~cr shsll pay "ti~ ~wwuM o[ ~!i +aorip~e ir.t~ance pre~o in tbe ; .~tf~nnc~ pravio~J undcr paraFtnph 2 hcrtof. ~ ' _ • Any am~tinls di.huncd by I.cndcr pursusnt to lhis pataRraph `l. with intercst thereon. shsl) be~:omt addition~l ~ ..irtdebtednes~ uf Hurrc~wc~ secured hy lhi~ Moh~+ge. Unle~c Barrowe~ anJ l.e~Jt~ aRrce to other Ietms of p~yment. s+jch ~ sma~mtc shall hc payahfr u~x?n n~~ticc (rom I.cndr.r t~~ &~rrt~wcr rcyucstin~ paymcnl Ihcrcof, and ihali hcar iMcrest from thc ~ dAtC of di~bursemertt at Ihc ratc payahlc f~~~m timc t~ time outstandih~ principal u~der ~ht Note unlcss paymtnt of ~ Irtterest at such rate would be cuntrary 1<z applicable law, in which evtn~ such amounts shall hear irtercst at ~he highest rate • perntissihle und~r applicable law. Nuthi~g contsined in ihis paragraph 7~hall requirc Lende~ to incur any exp~n3e ar take any action hcrcundcr. . ~ ~ S. Jnspec~ion. I.cn~c~ may makc or cause to ~ madt reasonable cntriec u~snn and i~sptetior:s ai [i~e Pra;~ny. provided F -3hat Le~cler shall ~ive B~rrower ~otice prior to any such inspectio~ spe-,i(ying reason~ble c~ose tt?trefor relaled to Lender's interest in thc Pr~pcrty. ~ 9. Co~emnatan. The pr~ccedc of. any aws~~d ~r claim far damaees, dirtet o~ canscqu~ntial, in connation with any - condtmnatian or ~ther t~king of the Property; or part thcrcof, o~ for conveyance in litu of co~ckmnatian. are heneby assigned ~ . snd shall tx~ paid to I_endcr. ~ i -In the event of a total taking af th~ Pr~perty, the procetds shal) bG applied to t~te stims sect~ted by thiz Mortgage. ~ .with the excess, i~ any, paid to Barrower. in the event of a partial t~king of Ihe Propetty. unlecs Borrc;wer and Lender ~ otherwi~e ~gree in writin~. therc shall be• applicd lo ihe sums securcd by this Mc?rt~age such proponion of the procceds ~ u is equal to that rroportion which the amaunt of -the sums ucured by this Mortgage immediately prioc to the date of - tskina bears to thc fair market value of the P~operty immediately pri~r to the date of laking, with the batance of tix proeeeds ~ paid tn Borruwer. ' . ~ If the Property is abandoned by ~orrawe~. ar if. after natice by Lende~ ta BuRawer that the condemnor otfen to make an award or setNe claim for damuges. 8ormwer fails to rapc?nd to l.endtr within ~0 days a(ter the date such notice is -rnailed. Lender is a~ithorized to collect and apply the pfocecds, at L.ender's option. either to rtstoration or repiir of the ; Properry or to the sums secured hy this Mortgage. - ~ Unless Le~der and Borrower otherwicc agrre in writinc. any such application of proceeds ta princi~al shall not extend or poctF+one the .;ue dars ~f the monthly installmrnts referrcd to in paraRraphs 1 and 2 htrcaf or changc the unount of s such installments. • . _ ~ j • 10. Bornowe~ Not Released. Extension of th~ time for paymmt o~ modification of amortization of th~ sums secund ~ by this Mortgage granted by l.ender to any ~uccessor in intertst ot Borrower shail not operate to release. in any manner. ~ the liability of the original Borrower and Borrowe~ s successors in interat. L~~?der shall not he nquired to commence ~ procetdings against such successor or reh~u to extend time for payment or otherwise modify amortization of the sums ~ f securcd by this Mortgage hy reason of any demand made by the uri¢inal Borrower and Boriower s successors in inttrest. ~ ]L Forbeara~ce by Lender Not a~t'~iver. Am~ forhearance hy Lender in exercising any right or remedy htreiinder, or ~ otherwise aKorded hy applicable law, shall nat be a waiver of or preclude the exercise of an}~ such cight or' remedy. - The prncurement of insurance or the p~!ment of taxes or other liens o~ charges bv Lender shall not be a wai~er of Lender's ~ ' right to accekr;~te the maturiry of the indebtedness secured hv thic hiongage. . ]2. Remedies Cumulative. All remedies prnvided in this hiortgage are distinct and cumul~tive to any other right or ~ aemedy under this Mnrteaee or afforded hy law or equity, and ma~• be exercised concurrently, independently or succcssively. l3. Swcressors 9nd AssiRps So~ind: Joint and Sever~l I.i~bil~tv; Capdiorrs. The cu~~enants and agreements herein ~ contained shall hind, and the rights hereunder shall inure to. the respective successors and assigns of LGnder and Borrower, # sub}tet to the pr~vision~ of para¢raph 17 hereof. All covenants and agreements ~f ~orrower~hal) be joint and severaL ~ : captions an~ headin¢s of the paraeraph~ of this Mortgage ue for comtnience onlv and are not to be usec3 to intrrprct or define the provisions hereof. ~ ~ ~ 1~1. Naice. Except for any notice required under applicable~law to be given in another manner. (a) any notice to Borrower provided for in thi~ Mortg3¢e shatl be given bp rr~ailinR cuch notice b/ certified mail addrcssed to Borrower a! ~ the Property Address or ac such other address as Borrower ma~~ designate by notice [0 1_ender as provided hzrein. and ' (b) any no?ice to Lender shall he given b~• Certified m~il. reuirn rectipt-rcquested. ro I.enders addrrss stated herein ar to s~ such other adc~ress as Lender may desienate by notice ta Borrower as provided htrcin. Any notice provided for in thi~ ' Mongage shall b~ deemed to ha~~c been ~eiven to Bc~rmwer or Lender w•hen given in tht manner designated hereit~. ~ ' lS. Uneform ?~iort~aRe: G~.ernin~ iaw: Severabilitv. This form of mongage combines tiniform covenants for nati~nal ~ use and non-uniform rn~~enants with limited variations hy jurisdiction ta constitote a unifotm stcurity i~suum~nt covering - E real properry. This hiorteaee shali ~~e~ governed hy the law• of the jurisdiction in which the Property is tocated. In the event that any provision or clause o~ thic Mortca¢e or the iVote conflicts ~~ith applicable law, such ~conRict chall not affcct - other provision~ of thic 1ltortea¢e or the Note which can be gi~~en effect wi~hotit the conflicting provision, and to this E end the provisians of the Mortea¢c and the ~tote are ~eclared to he severabte. _ , 16. Eorrower's Cop~~. Borrow~er shall be furnished a conformed copy of the Note an~ of tFiis Mottgage at the timz of execution ar after recordation hercof. . . - 19. Transfer of the Propeirt~•;.Acsumption. Ii a!i or anr pa~t af the Propeny ot an interat therein is sold or trancferred ~ by Sorrou•er without Lend~r's prior wFittcn consent. txcluding ta) the creatic?n Qf a lien c+r tncumbrance suburdinate to . ~ this Mo~tgage. (b) ihe creation c•f a purchase money securitt• interest for household appliancts. (c) a transfer h}~ dtvise, dtscent or by optration of law~ up~~n thc dcath of a joint tenant or (di the grant of any leasehold intcmt c+f three years or less not containing an oRtion to purchase, I.ender may: at Lender'c option. declare all the sums secured by this biortgage to be " immediately due and pa~able. I_endtr shall ha~•e w•aived .uch option ta accderate iL•prior.tn the sale or transfer. Lender ~ ; and the peru+n to whom the Propert~• ic to he wld or transferred reach agreement in writinR that the credit of such persr~n ~ ! is satisfact~ty to [_enJer and that the interect pa}•ablc ~n the sums cecuted. hy this Mortcaee shall tx at sach rate as Lender ~ ~ shal) request. If I.ender has waived the option tci accelerate provided in this paraeraph 17. and if Borrower's suceesscir in . ; interest hac execured a k•ritten assum~tion agrcGment accepted in writing by Lender, Lender ~hall release Borrower from aii ~ ~ obligati~ns undcr this 1Nortgag~ and thc N~te. ~ ~ If Lender exercists such option to accelera~e, i.ender ~hall mail Borrower notice of acceleration in accordanc~ with paragraph !-3 hereof. Such notice ~hall provide a pericxi of not less than 30 da~•c irnm the date the notice ic mailed within which Borresv?~er mav pa~• thz sums declarcJ due. ff Bonawcr fails to pay such siims priot to the ecpiration of such pe~ic~. I L.ender may, without further natice or dcmand on tiorrrnver, invoke any remed~ts permitted hy p~ragraph IR hereof. ~ ~ - ~ NotvUNIFORM CO~~F~~rrrs. Bormwer and I.tndrr farther "crnenant and .agree as folfores: ' ; i I3. Acceleration: ftrmedies. Fxcept as provided in pae.,~raph 17 fieret~f. upon Ba~owePc bteseh of aey ravinsnt ~ ~ a~retmtnt of ~nrrower in thi. !ltort~a~c, includin~ ehe tarenanl~ to psv ~+~hen due anv snmc cernred bv this i~iott~a~e. l.ewdtr ; ~ior to acceJeration chall mail notice to B~~rmwer a~ pro+~ided in par:~raph l~i hereni'specif~~in~:11) the brexh; 12) tMe xtion ( • ieqvirtd to cure ~uch brcach; (il a date. nM lesc ~hao 30 dayc f~om Ihe date the ootice is rnsiled to lbrmwet. bv whicb sach ~ breach must !?e cured: Rod (a{ Iha1 failnre !o rurc s~~ch lNesch on or Ixfure Ihe dats specil~ed ia the eiotict mar res~~t ia - ~ - - ~ ~ ~eetk~tan nf the sunr~ secur~d M thic 11ovt~x~q lorrck?wre b~• judicial pnxeedin~ snd "csle of tbe Pmpertv. 'I7~e natice ~ ~ -sbsll turlher inform iMrmM•er af thr ri~ht to srimtale ifter acrelerntian and Ihe ri~h± to ar,sert in the forec{osure pmceedi~ ; -14~e aon-eti.ler~ce r?f ~ ~iefanU or yny Mher defenx af IN?rrower to ~rceleratiae and fn~ecbsurc. if 1he txesrh is nnt cured aa ; or betore tbe date ~pccitied in the nMirc. l.ender at I.ender x nplwo m~y drrla~e ~U of the sumc ser~red bv lhis hlortRa~e to bt ' , iw~a~ediatefp dae ~ed prc~Me wiihout fnrther demsnd ~nd may foccrla+e Ih~ Morl~sKt bv judicial procee~lia~. l.eader shall . . j ; ~e tatitled to collert in such pn~ceedin~ aU expeme~ of tnrerk~we+e. ewrludinR. but wot Gmi~ed to. te~nabk ~qvrwty'e ~ees, -awd c~tc n( dacamenl~r e~Nknce. s~~+:Irsch ~a~d Iilk ~rporlx. ~ ~ ~ ~9. IMrra~rer's Ri~hl to Reir~f+Nc. Nc.twithstand~aF l.en~irr'~ accckrstMn of tht sutns seCUreJ hy this MottRa{Ct. ~ ~orrower shall have the nght su h:~vc any Fx~x,~ccd~n~cs hcgun by i..cndcr to er~[orce this Mcm~a6c doscontinued at any time : B~ 378 r~~E 3~"J 1759 - ' _ Fe-Fecor~ - - - . _ _ . _ -