Laserfiche WebLink
~0- .~ <br />Lendei s written aateement or appiicabte law. Bortowu ahaB pity the amtwat of aH aemtgaBe irtsmarice pttsadams in the <br />manner provided under puagraph 2 hereof. <br />Any amoums disburaad by Lender pttrsuaat to this paragraph 1, with ittteretu tltenMn, shall Iseccrrse additional <br />mdshtedness of tiorrowtr secured M this Mortgage. Unkrs Borrower and Radar agree to other terms ~ payment, strch-- <br />arnotrnts sha#I be payable erpon notice from Lender to Borrower requesting paymatei thereof. atsd shalt bear interetr feom tiro <br />date of disbursement at the rate paysbb from tote w tune on aMStattditeg principal trader the Note ttalw prt}earat o! <br />rntarest at such rate wauhi Lx cuMrary to applicable Iaw, in whidt evertt strdt amteurin shat bear #xbereu u the rate <br />perntissibk under applicable ias. Nothing tbrssafnad in this parrigraph 7 shall Tequin I.atder to irtcur aaq eaptrne or rate <br />eery action htteunder. <br />8. 1n~eteAoa. Lender tray matt or cattle to !x trade rraaona6le erttries upon and ittaQECtianS d The Property, provided <br />that I,endar shaft give $nrrowtr teottiet prior to any such ittslfectian specifying trasotable caexe Eherafor related !o Lender's. <br />interest in the Property. <br />9, CoadetattMbn. T'he prucads of any award or stator for damages, direct or consegtretttial, in t.onneetfon wide any <br />condemnation er other taketig of the Propetty. or put thextxd, of for cortveyantx in lieu of condaatnation, are leaebv armed <br />and shalt Fee paid to Itntler. - <br />.. <br />In fie event of a total taking of the Property, the proceeds steep 6e applied to the atrtM secured by this M <br />with the eccr-s. if env' paid to Borrower. In ttx event of a partial taking of the Property, unless 8otrosvM atilt La+dsr <br />otherwise agree in writmg, there shalt be applied to the sums secured by this Mortgage such proportion of the ptoceeda <br />as is equal to that prrrponian whtch the amount of the sums secured by this Mortgage imtrtediatety prior to the date of <br />taking bears to the fate market valtrc of ittt Property immediately prior' to the date of taking, with the ftalanca Of the proceeds' <br />paid to Borrower. <br />If rho Property is ah~.^,dttrxd h: Borrower. rat if, attar notice by Lender to Bottawer that the condeastinr olfara to make <br />an award ar cattle a claim for damages. &+rrnwet faih to raspottd to I-entice within 30 days after the date stttdt notice is <br />neailed. Lender is authonrad to collect and apply the proceeds, at Landers option, either to restoration ar repair ~ the <br />Proper}~ nr to the sums secured trv this Mortgage. <br />t;nless Lender and Borrower othetu•!se agree m writing, any such application of proceeds to principal chap ttM txtetsd <br />ar postpone the due date of the rnanthl installments referred to in paragraphs I and 2 hereof or change the amount oP <br />srich :nsiatlrtxnts. <br />10. Btr[rowat !tor ReleaatA. @cttnsim of the time for payment or modification of amortization of the sums securer) <br />by this Mortgage granted by Lender to any stxrzssor in interest of Borrower shalF not operate to release. in any tstanner. <br />the liahi)iiy of the nngrnal Bnanwer and Borrower's successors m interest Lender shall not he required to commence <br />proceedings against sueh successor car refuse to extend tune for payment or otherwise modify amortization of the sutras <br />secured h}' chi=. Mortgage by reason of any dtmat!d made by the angina! Barrnwer and Borrower's successors in interest. <br />11. Portrtaranre by Lender M1nt a Waives. Any forhesrrncc by Lender in exercising any right or remedy hereunder, or <br />otherwise afforded by applicahle law. shad not tae a waiver of nr preclude ttre exercise of any such right or retnedy. <br />'The procurement of insurance nr the payment of rases or other 1+€ns or charges by Lender shaft not he a waiver of Lenders <br />right u, aa•clerarc nc~ manirity of the. indebtedness searrec! by [his Mnrtgagr. <br />12. Remedies Cnmtrtattve. .All rrrreedies prnvtded :n this Mortgage are distinct and cumulative to env other right or <br />remedy :order this Mortgage <,• atfnrrted tsv l:tw „t cyvuy..ntd may' he .-scr[ised concurrently, independently nr successively. <br />13, 4nrcesstrrs and Assigaa Boned; )Dint and tievrrtd I,#ab~ty; Captfoers. Thc covenants and agreements heroin <br />contained shalt hind, and the rights hereunder shalt more to, tiff resprrtn'e succes+<?n sod assigns of Lender and Borrower. <br />subject *n nc~ pn,visrons of partgraph l? hereof- rill Lnvrnanis and agrttrrnnts of Rorrawer shat he ;nine and several. <br />'the ~_apuoa. and hesdmgs of [he paragraphs <•f this Mnngagr are for convent€nce only and are not to he used to <br />interpret or dt8ne the prortsions hereof. <br />td. tiatice. F.xccpt for any notice reyuered under appiirrhie law to Ix given in another manner, ?a) env notice to <br />Born+w~er lrr:~4~rdtd For .n this Mortgage shalt he gs-.cn h; !ttailing .uch notice by .€rtrfied rear! address€d to Borrower at <br />the Pn:,prrte- Adtirt: ; :,r 3! sari: !,!her addrr++ .,: &,rrna-rr ma. designate by nc~±ice to Lender as prnvidtd heroic., and <br />ft,? ar.s nnucr *o I.cnd€r ha!i he g:vcn h ~erttfiel mad. °etua: recent rcytrrsted. ~o J €ndeis address stated herein or to <br />lucre .+ther address as !-ender m;ry designate hi [hone *,~ B<,rr+,wrt .,a prn„ded Iieratn. Aav.a0ffa7- provr~`fii~Frir in this <br />'4t„r!gage ha": tst deemed tc era=•c- n grvEn !o &>r rnwcr ~r .nc'er -h ~+en ervrn in t}ir mi~net 4zbJgnated h~tcir,. <br />tS. i'nB6ttn NtntKattr; Govrrrr~g i~sw: !ieserai&tty, rtz;i f<,rm .,t me=rtpgge ,;arithines unrfnrtp+a>verrEdits ftx national <br />usK aria n..:n u!ut„rm ,,<,ve:eanrx atth iinrite.i ,-acre!„+rs t,v ..!!.t:., i, ,~•nstirt:tt a urtifotnr QeeutitY instrutncnt covering <br />t'ea! , ... tt.-. Mn r+gz sh,!~ ~ .: -Wed by the ...< .-. ,he -. ~-' +.:n ire whlcfi ~iht PtoperCe~is'Tixbted.. Tn the <br />event !h~rt um p:ov<szun~,+r cEacsc ,.f chi. Mnrtgag€ ,~r the '_Yotr .:nr,8r. t~. ~.. i!h -rppircat,le law. ouch uvilt,cr chaff not s!Tect <br />other to:;=:c,ns ,,' rtes Mnttgaue ,. :be N,,tr whzch .an im r:cr; efl€,:; wi!h;=car the a+nfiicting provision. and to this <br />end :Ira pnn:,i,a,, .,f nc~ Sortgage 'end the \otr art :1tc!ared •,. !,e severable. <br />16. Borrowers Cop}. Bortowrt .h;t E! br for nosh€d z ,~vrL+rnx~d <opv rat the tint .nut of thn Mortgage at the time <br />uE exec utit?n nr n;ter recordation hereof. <br />!7. 'Transfer of tie Pruprrty:.Assaatpt#on. L• .,t; ~.•; :u,+ r.+n of !hr Property nr an :ntetest rte€rein is <old or transferred <br />by Born~wer uuhaut Lender's pnnr written 4c,nacn[ ev:ludtn_y ~, t++e .narit,n ;,f ,a ;ten c,r encumbrance subordinate to <br />this Mortgage. rb} !ht ,rtut!nr. of a pu2hasr money x.uur ntrrc,t 'nr h.+.+uschn(d uypt,anre=, to a transirr by devise. <br />descent yr by aperatwn ;d !aa upon stn death ;•( .+ ...:rat ::enact . . <br />tender may- at 1 ender-+ upuon. declare alt the ,oral secured by th,s Lortgage ru be <br />tmmed~ateiy d±re a[td nayah;c. tender ;hall hair a,,,~ed ,u<n ,+ptran [. ,,,celetate if, riot rn the . x or transfer. i rn.ter <br />and the per ear re wfrntn the, Prcprtty is -o h€ ,old ..< tran~feneJ riach .-igrectrzen! ,r. writing chat to€~cre+h! :,t such ~:r+on <br />rc satisfactory to t,rrrl€r .!ad that the interest p.n;,M, nn :n€ ,um+ ~ecnre<i h. the. Mortgage halt he et srich rs!€ .o, 1 ender <br />shall requrat If Isitd.r has wa!v~ [he „pu,=r! hr .cc.€ietn;c pax +ded m this paragraph 1Z and .f Borrower's w..ce+s.,r in <br />interest he>,~at<uteu a c+r:ttci! assuntpnon agrtemrut as:s:el-red .n ~.,, .!:rg nv 1 rndrr. Lcnaer =hall release Borrna~er f[om all <br />abligatrnns under thin plc.=tgagt and the \~e. <br />If I_€uder exec. i.e> ouch or[ren t, aGCeterate, Lent€r s.~ull recut Bttn oa rr atid:_c :'.t a<::el€ratirn, i c.ordan.;r write <br />paragraph Is he renf `itrch notKr ehal! : rov,de :r pennd r+, ,v_,e less than tt1 ,ta_v, fr:v*r 'be Sate nc~ n,xi.r is !xaiied within <br />whzch Born,wc[ Wray' yet- [Ae sun<s des: tared Soc. tt lksrr.;»c~r Ia:i< ~c. yeti su.~h =urns ;,r i.,t to the expiratu,n .~f such i eru,st. <br />3_rncttr m:~y w:rrn,ut further fro>,,:e :,r ~±cr?read ;+r, }tt-+,n,a ...,1.~ ~t^.ed ,4rrn,ite, ^,~ paragra},!; !g here.,f. <br />tin'r.L'r+trrsatt c:raL~€r,;n~ rs. Lrorrcxcr ar„t 1 s!;dsr r;[r;hir ......,..+.~, ~^., .,xrcr:.+s f,=;inw. <br />38. AcseirrtKiaa: ltemetties. Lacept as pruvitkd in par.earaph 17 hrrraf, upua Burruarr's hrEaeh of any r~m orient car <br />trgreement of 6nrruwer #n [iris Martttrtae, €w:tndiog the <u.enarrrs to pray when due say earns secured ley th#s liorigrgtr. <br />t,tidet petiw t0 arlY.irratitlfl shnB eatn7 nutter to Anrrorrrr a: pru<edrd is paragraph ti hereof cpecifritett; tl) fhe breach; <br />t2-t#r astlaa regtdred to erect carp breareh; #~) a dots, cwt less rhea Jti nays (rtuu the date the natter is mailed to Borrower. <br />try wtirh sari Mrach rater Cat cured; and f~) thN fsilwre to cars such itresa•h nn m before trot date aperifird in the nut#cr <br />met}' rrwh in at'K[-frratinn of the !cotes ;revr~ iy ri& NartysptE, Turrrf~art by judk#aI prucredireg attd ,ale of for Property. <br />lie netkr Sidi }w[ther #dnrra llwrawcr trl tier rfR,fit to rrirt+tate after ace*trratiun acrd the right to arsrrt in fir forrclusare <br />proreedbr fir mo.ts:kttarts:s of a tfaftttsW to an} rather r4fea+u n! borrower to ~cektat#on cad tnrrrktsnrt, tt tie brtwh <br />is Dye erred rat rat ietatr tit dtnr specified i4 the nsttire, [rndrr at t-rwMt's uptt!tte may declare a!1 nC ibe wens xecared bt <br />Chia Hotter to be tttsa+edlelrly dnr acrd pngrrbk wUkuat t'arther dcetand npd tray furerMse by jadfr#tl proccrdi»eg. I.endrr <br />rMtdi hr rstgtett W €utkct 1n grate prtK'nttibtet aU eapemn of furrr;wnrr, #oclutlbK. cwt nut hzatited tu, ruses of ducamrn[ar. <br />rs#Arars r, abstracts rtnA tide rrparts. <br />t+, ~rraerer'n Kigh# to Reistetatt. Lr=wz?~rr.+!earng i.-rar3e: - °irt:s= , t, ~, ._, i hs :. 4f:-r:µ,,~,: <br />t#.=.., r ;nom € tzaaf. rbe _y€h _, rs t .. } _>=~ „g< r-„~ ... ~ .. -..- uu ~. F ,.!, - z,-,:~;:.y ... ._._ <br />