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Home My WebLink About2009 ~ ' ~ y i 8. Lisp~ction. I.ender may ~uakc or causc to bc wade reusonablc enh•ics upon and inspections of the Prnp- • erty, provided that Lender shall give BorroHer noticc ~~rior to any sucl~ inspection apecitying reasonable cause ~ therefor related to Lender's interest in the Pmperty. ~ 8. Condomaation. The proceeds ot nny n~vani or claim for damages, direct or consequential~ in connection with any condemnation or other taking of the Property, or ~?Art t.l~ereoi, or for conveyance in lieu of condemna- i ; tion, ar8 hereby assigned and ahall be paid to I.encler. ; In the event ot a tot~tl taking of the Property, the procec~is shall Im ap~~lieci to the swns sccured by this Mort- gage~ with the excess, it any, paid to Borrower. In thc event of a partial taking of the Pro~~erty, unless Borrower { nnd Lender otherwise agree in ~vriting, there shnll I~c n~~pliccl to thc sums secured b~ this \tortgage such propor- tion of the proceeds ns is equal to that proportion ~vhich tl~c amount of the sums secured by this Mortgage imme- • diately prior to the date of taking bcars to tlic fair murket valuc of tl?e Yropert~y immeclintely prior to the date of taking~ with the balance of the proceeds paid to BorroKer. If the Property is abancioned by Borrower or ii nftEr notice b~~ I.ender to Borro~vee that the condemnor ofters to make an s?«ard or settle a claim for damages, Borrower fails to respond to I.ender within 30 days of the date of such notice, I.ender is Authoriaecl to collect nncl a~~~~ly tl~e proccecis ut I.ender's option either to restoration or repair of the Property or to the sums secureci by this \tortgage. Unless I.ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of tl~e monthly installments referrc~ to in ~~aragra}~hs l und 2 hereof or ; change the umount ot such installments. 10. Borrower Not Released. ~;xtension of the ti~ue for ~~ayment or modification of amortiaation of the sums secured by t.his Mortgage granted by I.ender to any successor in inZerest of Borrower sl~alt not operate to release, in any manner, the liability of the originnl Borrower unct Borro~~~cr's successors in interest. I.ender shall not be requireci to commencc proceeciings ugainst sucl~ succe~csor or refuse to extend time for payment or othernise modify :~mortisation of the sums secured by this ~iortgagc by reason of any demand mndc b~~ the original Bo~o~r and Borrower's successors in interest. ~ - 11. Forbearaace by I.ender Not a Weuver. A~iv forbearance by I.ender in exercising any right or remedy ~ hereunder, or otherwise afforileci by Applicsble la~, shull not bc a«aiver of or preclude the exercise of any right or remedy hereunder. Tf~e procurement of insurance or tl~e ~~ayment. ot tnxes or other liens or charges by 7.ender ~ shall not be u waiver of Lender's right to accelernte the maturity of the indebteclness secured by this vlorEgage. 12. Aemedies Cumulative. All remedies provide~l in this~~lortgage are distinct and cumulative to any other = right or remed~~ under this \iortgage or af[orcieci by law or equity, and ma,y iic exemised concurrently, independ- ently or successively. 13. Successors ~d Assigns Bouad; Joint ~d Several Liability; Captions. The covennnts and agreements lierein contained shall bind, and tl~e rights l~ereunder shal) inure to, tl~e respective successors nnd assigns of Lender and Borrower, subject to the ~~rovisions of paragrzpl~ 17 hereof_ ??11 covenants and agreements of Borrower shall _ be joint und several. The cnptions and headin~ of thc pnr~grn~~h~ of this \tortgage are for con~enience only and j ~re not to be used to interpret or definc the ~~rovisions i~ereof. ; 14. Notice. Any notice to Borrower provided for in this ~tortgage sl~all be ~i~•en by maiGng sueh notice by ~ertified ~uail nddressed to Borro~ver at the Property :~ddrecs stateci helo«, except for am notice requireci under ' ~?~ragraph 18 Lereof to I~e given to Borro~rer in the manner pmscribeci by applicable lu~v. Any notice provided for in this ~[ortgage sha11 l~e deemed to ha~e been given to Borro~~cr ~~~hen gi~en in the ~nanner designateci herein. 15. IIniforna Mortgaqe; Governing Law: Severability. This forni of mortgage combines uniform covenants for nationai use and non-uniform covenants ~~itl~ limited variations I~y jurisdiction to constitute a uniform secu- ~ rity instrument covering real property. This \-iortgage shall be Roverned by the la~v of the jurisdiction in which f j the Prnperty is located. In the event that ~ny provi~ion or clause of this ~Sortgage or thc I~Tote conflicts with = applicable law, such conflict shall not affect other pro~•isions of tl~is \to;tgage or the Note which can be given ! effect without the conflicting provision, and to this end the pro~•isions of the \tortgage and the Note are declated i to be severable. ~ 16. Bozroweis Copy. Borro~er shall be furnisl~eci a conformed copy of this liortgage at the time of execu- tion or after recordstion hereof. ; 17. ?rcrosfer o4 the Property; Assumption. If nll or :?n~• part of the Property or an interest therein is sold ~ or transferred by Borrower without I.ender's prior ~vritten consent. excluding (al tl~e creation of a lien or encum- ; ~ brance subordinate to thi~ ~tortgage, (bl the cre~tion of a piircliase mone}• securit.y interest for household appli- ~ ances, (c) a transfer by devise, descent or by operation of lan• u~ion tlic ~ieatli of a joint tenant or (dl the grant of i ~ any leasehold inter~t of three yea~ or less not containing an option to pumhusc, I.ender ~nay. ut Lender's option, ' declare a!1 the sums secured b~• this Mortgagc to bc imroediatcly ~iue and payable. I.ender shall have waived such : option to accelerate if. prior to the sale ar trnnsfer, I.ender and tl~e pe~on to whom thc Property is to be sold or ` ~ transferred reach agrcement in ~eriting tl~at tl~e credit of sucl~ ~~erson i~ satisfactory to I,ender and that the interest ; ~ payable on the sums secured Uy this ~tortgagc sLall i~c at sucl~ ratc a~ I.ender shall request.. If Lender has waived ~ ~ the option to .~ccelerate provided in this paragrnpl? 17 and if I3orro~~~er'~ successor in interest• l~as executed a~rrit- ; ~ ten assumption ugreement ucceptc~l in writing by I.ender, I.endcr sl;all relcase Borrower fmm all obligations under ~ ~ this Mortgage and the Note. ~ If I.ender exercises such option to scceterate. I.ender shall ~nail Borro~ver notice of acceleration in aceorciance ~ ~ w•itl~ ~~arngrapl~ 14 hereof. Such noticc sliall ~~m~~idc a ~~criori of not ie~~ than 30 da~s irom the date the notice is ' n~ailed ~~•ithin ~~hich Borrower wuy pay the sums declareci ~lu~~. If Borro~ver fails to pay such smns prior to the - expiration of ~uch perial, I.e~idcr m~y, ~~•ithotrt furtl~cr notic•c or ~le~n~nd on Borrow~cr, in~-oke any remedies per- ~ = mitted by ~~aragraph 18 hereof. ? 3 ~ ~ON-LT~IIFORDi ~'ovENA~TS. I~OI'1'ON't!T.lll(~ I.ender further co~~~•nant and agree a~ follows: a 18. Acceleration; Remedies. N:xcept x~ ~~ro~•id~~l in ~~ara~ra~~li 17 hereof, upon Borro~~•er's breach of an~- ~ ~ cu~•en~nt or a reement of Borro~rer in thi~ \iott ? c incladin ~ the co~•ertants to ia ~~•hen due any sums secured ~ g K ~ y ~ by this ~IortgAge, I.ender ~irior to aceeler~tion ~hall mail notice to Borrmver as pro~~idecl in paragraph 14 hereof ~ s~ieeifying: ! 11 the breach; 12) the action require~l to cure ~ucl~ I?reacl~: f3) a ~late, not lea than thirty days irom ~ the date the notice i~ maile~i to Borro~~•er. I?~~ ~~•I~i~li ~ucL brca~li ~nust be cumd; ancl 14 ~ that failure to curc_such : breuch on or i?etore the d:~te s~ecified in the notice mn~ result in ac~eleration of the .u~us secureci by this ~'Iortgagc ~ <ind sale of the Yropcrty. If thc brcach is not cured on on c~forc~ the ~iate ~l~ecificrl in tl~c noticc, I.ender at T.ender's ~ option ~nay decl:~re all of thc stun~ secured b}• thi~ ~Iortg~~c to I~c in~mcciiately~ duc and pa~•able without further " dc~nand and may fomclose this ~iortg:~ge b~• ju+li~ial ~?rocccYiin~;. 1.~~n~ier ~h~ll Ix~ cntitleci to collect in such proceed- ~ ing all ex~~enses of foreclosure, including, but not lin~ited to, masonahle attorncr'~ fees, snd costs of documentar~• ~ evidence, abstracts ~n~1 title re~~orts. • ~ ~R 3 ~ 8~~:.:2~5 ~r~: ~006 ~ ~ - _ ~ , _ - _ ~ ~_f~~,.~ r,. ~ . -