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Home My WebLink About0973 _ _ . . . . . _ ~ . y - • - . . . . . • s ' , . . , i Lendcr's written agrcement or applicable law. Borrower shall pay thc amount of all martga~e insurance premiums in the manm~r pmvidcd u~dcr paragraph 2 hereof. Any ar.tounl~ diehursec! hy Lender pursuant t~~ ~his paragraph 7, with interes, Ihereon, shall become zdditional inilchtcJntss a( 13urruwcr securcd hy ihi~ Mor~gngc Unle« P.orrow~er and Lcn~er agrcc' to ather termc ~f payment, s~?~h - amounts shall bc payahlc u{xtin na~irc frc?r?~ I.cndcr to Hor~owcr requcstinR paymcnt thcrrat, a~~:st?aa~b~ar i~ltere3t fronl ti~c ~ date c~( disbursement at the rate payahlr fmm timc to time c~n outstanding principal iinder tt~c ~Iote unltss p~ymtnt of interest at such rate would be contrary to applicable law, in which event such antaunts shall hear intsrtst at the highest rate ptrmissible under applicable law. Nc~thing ranlained in this pa~agraph 7 shall rcquirc [.endcr tu incur any expense or tikc any aclion hercunder. - fuspeetion. t.encier may make or cause to t?e is~acie reasonahle cnt~ies upon and inspections of the Property~ provided that [_ender anall give Borr~~w~e~ nc~tice p~i~~r tc~ any such impeclian specifying reaso~:bk eause thertfor ieiated to [xnder's interest in the Properiy. . . . 9• Coadtn+natioo. The proceeds of any award or claim for damages, direct or conuquentisl, in conaeetion with any ~ condemnation or other taking of the Property, or pan thercof, or for conveyance in lieu of condemnation; ue hercby assiEned and shall be paid t~ I,end+er, . in the event of a tot~l taking of the Pmpe~ty, the proceeds shal) be applied to the sums secured by tfiis Mort~age. ~ith the excess, if any, paid t~ Bor~ower. in thc event of a partial taRing of the Pro}~erty, unless Bvrrawer and Leader othervvise agtet. in writing, iherc shall be applied to the sums sec!irtd by this Mortgag~ such proportion of the procetds ( as is equ~l to that proportion K•hich ~he amour,t ~f the sums sect~red by this Mortgago immediately prior to tli~ dzte of ~ taking bears to Ihe tair mark~t value of the Prapcrty immediately priar to the date of taking, wiih the balance of the pr+uc.YCds ~ paid to Borrower. _ if thc Propeny is ahandoncd by Borrowcr. ~r if. aftcr naiicc by i.c~der to Bort.~wcr ihat thc condtmnor ofters to make an awaed or settk a claim for damages. Borrower faik tc, respond to [_ender within 30 days after the date such notice is , . mailcd. Lender is authoriz~d ro c.~llect and applv ~he proceeds, at I_ender's option, ei~her to restontion or repair of tha Prop~c;ly or tri the sums sccured hp this-Mortgage. ~ , Unlexs Cende~ and Bormwer othefwise :+grec in w~riting, any such application of proceeds to principal shail nut extend or post~one Ihe due daie of thc monthly enstallments rcferred to in paragraphs 1~nd 2 hercof or change the amount of I such instal;ments. ~ - 10. ~row~cr Not Rekased. Extension of the time for payment or modification of amortization of the sums securcd ~ by this Mart,qage~granted by I.endcr to any successor in imerect of Borrow~r chall noi operate to rclesse, in any manner. ; the liability o( the original Borrower and Borrowe~ s successors in interest. I_ender shail not ba rcquired ta commence ~ i proceedings against such si~ccessor or rcfuse ta extend time for payment or othenvise modify amortization of the s~~ms stcured by ~his Mortgage by reason of any demand made by the ~~tinal Borrower and Barrawer s successors in intercst. I l. Forbesrance by i,ender 1Vat a Waiver. Any f~rt?earance by I.ender in exercising any right or rcmedy hercunde~, or . o~hervvise afforded by applicable law, shall not be a waiver of or preclude tht exercise-of any such right or remedy. The procirrement of insurance r ihe a ment of taxes or other liens or char es b I.end r s a w'v ' P P Y g y e h 11 not be a ai cr of Lender s . righi to accelerate the maturity of the indebtedness securcd hy this Mortgage. 12. Rcmrdies Cnmulstf~e. All rcmedirs pro~-ided in this Mortgage are distinct and cumulative to any other right oL «medy unde~ this Mortgage or af~orded hy law or equity, and may bt exercised concurrcntiy, indcpendently or successivdy. . ' l3. Snccessors snd A~as Bound; ,Joint and Seveeal T.bbitfty; Csptio~ns. The rovenants and agreements hercin containtd shall bind, and the riRhts hereunder shall inure to, tht respective successors and assigns of Lender a~d Borrower. . subject to th~ provisions of paragraph 17 hereof.~ All covenants and agreements of Borrower shall be joir~ and several. 'll~e captions and t~adings oF the paragraphs of this Mortgage are for convenience only and are nat to be u~ed to ~ interpret or define the provisions hereof. ' 14. Notke. Except for any noticc rcquired under applicable law to be: given in another manner, (a) any notict to Borrower prov~ded for in this Mortga¢e shall t~e given hy ~nailing such notiee by certified mail adclresseu to Borrower at the Property Address or'at such other. address as Borrowe~ mav designate by notice to 1.ender as provided herein, and (b) any notice to Lender shall be givcn hy certificd mail. return ~eceipt requested. ~o t.e~ders address stated herein or to = - such olher address as Lender may deciqnate hy n~tice to B~rrox~er as provided herein. Any notice provided for in this ~ Mortgage shall bc decmed to have been gi~•cn to BormK•cr or l.ender uhcn gi~•en in the manner designated herein. ~ 1S. Uai[orm Ma~iRa~e: Governir~ I.arr; Severabilitv. This form of mortgage combines uniform cov~nants fur nateonal ~ use and non-uniform covenants uith IimiteJ variations by jurisdiction to constit~ite a aniform security instrumtnt coveria6 real proptrty. This Mortgage shall be gave~ned hy the law of the jurisdicti~n in which the Propecty is located. tn the ~ event that any provision or clause ~f thic Martgage or the Note conflicts with appl:cable law, such conflict shal) not afftet ~ other provisions of this Mortgage or Ihe Note which can be given etfect without the confliciing provicion, and to this ~ 'end the provision~ af fhe Mortgage and the Note are declartd to t~e stverable. ~ ~ 16. Eorro~ver's Copy. Borrower shall br furnished a conf~~, :ed copy of the Note and of this Mortgage at the time ~ of execution or after recordation hereof. - . ~ - 17. Trsusfer of the P~optefy; Assumplion. 1f all or any part of the Pr~~pcrty or an interest therein is sold or t~ansferred ~ by Borrower withaut Lender's prior writ~rn consent. excluding (al the creaiion o( a lien or encumbrance subordinate to • ~ this Mongage. (b) tht creatian of a purchace monev ~ecurily interest for houuhold applianees, (e) a Iransfer hy devise, descent or by operation of law upon the Jeath of a joint tenant or (d) the grant of any leasehold intercst of thrcc ycars or kss - not consaining an option to purchase, i.ender may, at !_ender's option, declarr all the sums secured by this Mortgage to be - ~ immediately due an~ payable_ ~ender shall have Kaiti•ed such option to acccierate iF, prior to the sale or transfer. Lender and the person to whom the I=roper~y cc t~~ be col.l or IransFesred reach agre~me~t in writing that the credit ~(:wch person es satisfa~~ory to Lender and tha[ the intcr~.t payable on the sums securcd by this Mortgage shall bt at such rate ac I_enckr - . shall request. If 1_ender has ~vaived the aption to accelerate provided in ihis parag~aph 17, and if Borrower's succasor in_ - ~ interest has_e~cecuted a written assnmp~ion agreement accepted in writ:ng by Lender, Lender shall release Borrower from all f . obligations un~er lhis Mortgage and thc Note. , If Lender exercises such op:ion to accelera~e. Len~i~ sh~ll mail Borrower notice ot acceleration in accordanc~ ~~~i~h paragraph 14 hereof. Such notice shafl provide a perioci ~f not less than 30 days.from the date the notice is mailed within ~ which_ Borrower may pay tlte surrs declared due. if 8orrower fails to pay such sums prior to ~ne expiration of cuch period. Lender may, without fu~iher nNice or dcmand on Borrower, invoke any remedits permitted by paragraph 1R herrn~. ~ Nox-UN~FORnt Covetv~~vTS. Borrower and Lcnder furihcr~covena~t and agret as fd!lows: f_ 1$. Accekration; Remedks. Excepf ~s proridcd iA p~ra~npM 17 bere~~ r~ ~w~tl~f Mt~CM O~ ~Ry cOrlwfllt Of a~rau~e~t ot Borro~+er ia ~his ~NortRsRe. includi~ the rorewaMs fo pay wt~w due s~y soa~s seiwred by this Morf;a~e, Ltwder prior M sccekrstba s~alt ma's! notice to Eorrower as prorids~.ln ~sn~npi~ 14 htreot specKyin~: (1 j tbe bnt+cb: 121 the scfio~ rcqdir+rd to crre sacM breseh; (3) a aste~ not kss :i~ 3J d~ys trom ti~e date tt~e notice b aesikd lo ~wr?er. b7 ~?R3eb sacr b~each ~wast be ctirtd; s~d (4) thst fsilurs to crne srcM ~rrs:M oa or bcfur+e the dNe specil~cd i~ the ~otice uar resdt h sccekrseio~ ot ~e sa~,s secnnd by ~his Mo~aRe. to~erlosure dy jodicial ~ozeedie~ a~d ssk of N~e Propcrry. 'E1~e notkt shdl tuttaer inform ibrmr?tr of the rq~M Eo. reiwsfsft sfter stcekr~tiow asd tbe ri~t b arerl f~.tht. fotetlosnrt ~octed~ tDt ao~n-existence ot a defsuk or snr other defcase of Eorrower fo scctkrstia~ sad lorsclosrre. N tbe bn~cM b nM t~rred o~ or before the dstc spetiijed ia the notke. Lender at [.emkr•s eptio~ ~ ieth~ dl 01 the s~r~s uctred br fl~s.Mort~e M Ae ~ i~a~cdiatdy ~re a~d py~b{e witt.ovt futlher dtmand ~m! may to~ecbst Mk Morti~a~e 6~? j~dkW proteedie~• t.tndtr ci~s~ dt eaf:3'Jtd to coMett M s~cM proceedi~ :fl espensts nf foreckrsrre. inclydite~~ M~t eot 1in~ifed to, ressons6le stt~,rnry's fets, a~d tosfs of dotaat~tary eridcnce~ abstrscts and Iitk rcpc~rts. ~ - 19. ~oer~~?e~s Ri~kt fo Reinatate. Notwiths~anding I.ender's acceleralion of the sums secured by th~s Mohga~e. - Borrower shall hsve thC right to have any proce~dincs tx~in by Lender ~o enforcc this Mongage diuonlinued at any time EC~Kt3~7~ f~~Gf c~~~ - _ _ _ f _ _ . ~