Laserfiche WebLink
<br />79-- Ek}`7~~i <br />Lender's written agreemwt or applicable law. Borrower shalt pay the amount of all mortgage insurance premiums in the <br />manner provided under paragraph 2 hereof. <br />Any amounts disbursed by Lender pursuant to Lhis paragraph 7, with interest thereon, shall become additional <br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such <br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the <br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of <br />interest at such race would be conGary' to applicable law, in which event such amounts shall bear interest at the highest rate <br />permisst'ble under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take <br />any action hereuttdtr, <br />S. Inspectiotr, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />Thai Lander shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's <br />~ntetest =.n the Property. <br />9. Cttedemnadon, The pro.~etds of any award or claim for damages, direct or consequential, in connection with any <br />condemnarion or other taking of the Property, or part thereof, ar for conveyance in lieu of condemnation, are hereby asigncd <br />nerd shall be paid to Lender. <br />In the event of a total taking of the Property. the proceeds shat) be applied to the sums secured by this Mortgage, <br />w~i2h i}te excess, if any, paid to Borraw-er. In the event of a partial taking of the Property, unless Bortt,wer sod Leader <br />otixrwise agree in writing, there shall be applied to the sums secured by this Mortgage such proporti:an of the proceeds <br />as is equal to that proporrian which the amount of the sum< secured by this '+lortga¢e immediately prier to the date of <br />takirtG bears to the fair market value of the Propem- immediately prior to the date of taking, with the balarn-e of the proceeds <br />paid to Borrower. <br />If dx Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offen to make <br />an award or settle a claim for damages, Batmeer fails m respond to tender within. 30 da;s after the date such no[itt is <br />tttarled. Le[tder is atrEhoriud to rnBect and apply the proceeds, at Lenders option, either to restoratian or repair of the <br />Ptoptrtp ar m the sums scarred by this Morrgage- <br />Unkss Lender and Borrower athetwise agree in writing, any such application of proceeds to principal shall not extend <br />ar P'~Pt'*~' the due date of the manthiy installments referred to in paragraphs 1 and 2 htreoF tt change the amount of <br />suer instailrttenis. <br />IR, >gat¢asrei Not Releactd. E:tensian of the time for payment ar m, dification of amortization of the sums secured <br />by this Mangaga granfed lay Lendtr to cry suceecsor in interest of Serraaxner shall not operate to release. in any manner, <br />tltt iralu'ltri of tot arigtnal BarrowYT and Sarrowxr's sucttssors in intettst. Lender shall not lac required to camtnentt <br />proceedings agai~t situ successor or refrrsr to extend lime for pa;mtcnt or athera+ice modify amortizstian of tM sorts <br />seatred erg this Mortgage by teasatr of any demand made by the original Born~wer and Barmwer s sutt~essars in interest. <br />I1. Fmbearaaece Tay lC.eader Nat a Rahn. Anti forbearance b;' Lender in exercising any right ar remedy hereunder. or <br />otherwise a#Iartfrd by applicable taw, shall rmt Le a waiver of ar preclude the exucise of any such right nr remedy. <br />'I3re prottvaeeaf of insurance ~ the payment of taxis ar other liens or charges by Lender shall not be s waiver of Lender's <br />rigifa to aeceleratt tit maturity of the indebtedness secured by this 7alorigage. <br />f2 1lt~ ire. All trmtdies provided in this Mortgage are distinct artd cumulative to any other right or <br />reeaedy under {his Martgragc or afforded by Isw or equip', and mat he exercised concurremly, independently nr suc'YSSivtly. <br />I3. 9att:cants and AsaiEas Ems )aiet aed Several I.iad~ry; Capflotls The rncenants and agreements herein <br />xYesrained shall bind, and the tigtris heteundt; s',all inure ta. the respective successors and assigns of Lender artd Borrower, <br />sa~ject to the proxisictns of paragraph 17 hermf. All ~venants and agretmrnts of Bom,wer shalt lee faint artct several. <br />'i2te tatptions and headitrgs of £bs paragraphs ~ ibis Mortgage are far convtnience only and arc »at to l+e used io <br />inttspret ar deJme itu pmvssions hrreomE. <br />li. Nedte. Except for any notice required under applicable law [n be given in another manner, ial env notice to <br />Bortxtsver pum~ided feu in this Mongs;e shall tae given b;• maiibig such notice by certified mail addresxd to Borrower at <br />the Prt~aem Add u u such other address as Baxruwer may designate by notice io Lender as provided herein, and <br />fla3 nay ratatitt to Lrasder shaft he given bs x»ifred mail, return m~tipt requested, to Lrnder's address stated herein er to <br />stadi oilier address as Lert~r may desgnato by rtorice to Harrower as provided herein. Any notice amvided far in ihi: <br />Mort~t shall ate dxmed to have hero giaYn to BortcawYr ar lsradcr when given in the trtantmr designattd iarreira. <br />IS. 1!Yiifarsa Mit>el~G Goeax>.iut~ Lase, StserallOtr. 7ltis form of tttartgage cambina uniform coaensnu for nations! <br />ttae turd trig-uniform aavenams with limited variatians by jurisdictian [o sarastitute a uniform security instrutetent covering <br />real pttaperty. this Mortgage shall Ile gavernal by the law cxf the jurisdiction in which tht Property is Ic><~ated. In the <br />tsent that airy pmvisiaui or clause of this Mortgage ar the Nate ainflitts wilt applicable Saw, such tttntlict shag mat affect <br />otl3er pravittums of this M er the Nott which t:aa be given effect xx^ithout the caxftictiag provision, and to thin <br />ertd the ~ cat the ltgottgage atxl the Nt?Qt are dcrlared tc lee scverallt. <br />!i ltsaa~v'a Capy. StmtowYr shall be furnished a canfarmrd copy of the Ntxe and of this Mtvtgage rt rite time <br />~ earsrrtion nr after xxxinn , <br />iT. lYssf~ ~ tdre F++i~y: ~ If al! or any pan of iht Property or an inteteat therein n sold or trutsfcrred <br />by Btrtwer wzHacatt Lender's prior wTirtett a~rtsent, cxcltidittg {al the rrcatioa of a lien ar encttmbrattax subordinate to <br />this Mtutgafe, alai the creation of a purx9sase mtxtan^ sm~-urity interest far hoti~hold appliaotts, lcl a transfer by devise, <br />rle~t tar h5 tgara•aricnt of law upon the death a# a joieu tenant ar {dt the grant of any leasehold intettat aF three years or less <br />r,at > as '+ m purnhaae, Lender taay, at Lender's aption, derlarc x31 the sums secured 6y this Mortgage to bt <br />irnmdg due a~ payable. Lerxler shalt have waives{ such ogtirm to acccirraxt if. prior to the sale or transfer. Lender <br />aim t~ p m wl~ ibe Prapzrry ~ to bt saki ar trarts€erred reach agrettrtent in writitrg that the 4redit of su.-h persmr <br />is tra;ieFacttuy io C.endu and mat thz i~tztest mxahk on the sums secured by this Mortgage shall be ai such rate as Lentler <br />shag sew. )f Leader }~ aratved Ibe nptian to accelerate prided in this paragraph 17, and if &~rravicer s succzssor in <br />has tamed a wtitaa awcaep~a agreemrnt aaxpted in writing by Lender. Lffider shall rtteast Bonawer from al! <br />vl+Lgatiom trader tl"s Mtu't~e tend the Nam. <br />If Leeakr taerests surly tapiian to a~kratt, Lender shat! mail Harrower Mice of acceleration in atxordaatx with <br />piva~i 11 lteraof. Steel taaticr shall p-'tai'l a period of nor Iess than 30 bays from the elate the notite is mailed within <br />illsamwrer may pay the t declared Brie. I; Burrower faik to pay such sums prior ttt the upiratisan of sw_h period, <br />Leadtx tsra3•, arixlnte fttttler antiet ~ driamnd oa Borrower, invoke any remedies permitted by paragraph 23 hereof. <br />A?ta~-atx f'os+~t_~_.ns_ He a~ci Len~r further s~venaat and agt+ee as fatlotvs= <br />Ii Lanieatdtrac llsitJka. Eratseps as pa~sidad ~ pn¢sPi 17 lveof, tatpsa Borrower"t hrearl of cep cosecant ar <br />of lases /o A3a + Its sYt c,:rvsaaafi m gay a#ts dot nay tam seearad !ty tlla Riar'~e, <br />ia~der paitr ar attaleratiata ttiai ttttai notice m san+oarcr as provided ~ pantgragit Ia ltneaf '~S~g: (1) ale Tarcach; <br />~ tiaa aallra ts~afad is wee seal isswcir f33 a bale, net hoc the 30 ~ freaa tle lase +~c ttttatiee is craWed w Earmwer. <br />fa} taliti tstc~ Itaaatii ttaaal It etttts# sad fQ tlrr Iaif~t to c®r sr>rl rrnt•6 a err 6efa+t tle ante ttpea'I9ea iq tlc tatklte <br />srtQ land >as acYairaOaa at tlt ~ aacaroi b llis M ftaedaease ly jedirfal praeet~iag lead ttaie ~ tle Ptcperiy. <br />1,tla tttalileriti ttarAlla itfasaa larssaea d 6e +IClt to selaatalr ,filar accslentioe asti Il+e elgbt to aatni m the forecowre <br />ytAeteiYati tlis trttt-esditfeats of a +i ar stay atlaer ddalae of )warrasar m ats^eieratiaa rmtd ferecloanre. H We breath <br />is ant etatad sat sr Irttlole tiles date tFaaiied Lt Bat ttratita, I.eaitr at I.eaier4 option wy tlael:re ad at tle mnta secured by <br />3M it Ile IawradEledy tat sad palm sritlose fartlres demand ad stay forerSns ly judkid pnocet~. Lender <br />trMi is aaiWei 0r w1taA a ttedr peamad'a[g i t of fsredasvc. . fat net 1~1ted to, teats of tlocattaeatary <br />aslitetp ttitbeasl sad tlile tep.aha. <br />U, itetttrn~p s lit to ; " " " Naawitlstaadinj I.tadtr's accehration of the sums secured by this Mortgage, <br />Bier shall hart tlae tight to base any proeepditrgs htgua by Lerules {a en€oret this Mangage discontinued ai any time <br />