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Home My WebLink About0526 8. Inspection. L~n~ler u~:tiy inake or r:w~e to Ix• ~uude ~ru,uuable e~?h•ie~ upun und iu~~~eetions of the Yrop- ; erty, pro~~ided that I.eu~ier shall givc I3orro~~~cr notice ~?rior tu ;n?~• suc1~ ins~~ectiou s~?ecitying ~'CRSOIIAVIC cause therefor related to I.ender's intemst in thc Property. ~ 9. Condemnation. The proceeds of any :~~~•arcl or ~lai~n [ur cinmages, direct. or consequentiai, in connection with any condemnat.ion or other ~aking ot the Yroperty, or pnrt thereoi, or for com•eyance in lieu of condemna- ' tion, are hereby assigue~i and shall bc paid to I.en~ler. ~ In the event of a totAl taking of the Property, thc !?rocecds ~hall 1?c• u~?~?lieci to the suu~s securc~l hy this ?Mort- gage, ~vith the excess, if an~~, paici to Borrower. In the event of ~i ~~artial taking of the Pro~~e~ty, unless Borrower 3 and I.ender othen~~ise ugrec in ~vritinR, them shnll i?c a~?plic~l to thc ~um< secureci by this \Iortg:?gc such propor- ~ tion of the proceeds us is equal to th~t pm~~ort.irn~ ~vhieh the amount of tl~c suuis *ecurcci b~ this ~~Iortgage imme- ~ ~liately prior to the ciate of takin~ bears to tlie fnir ~ua~rket ~•aluc o[ th~ Yropert~~ immedintel~• prior to the date of taking, with the halance of tlie proceecis ~?sid to Borro~~~er. ; If the Property is nbandonecl by IIorro~r•er or ii :?fter noticc 1,~• Lcnder to Borro~vcr that the condemnor offera to make an n~~arci or settlc a claim for ~lamuges, Iiorro~~•er iuils to mspond to I.endcr ~vithin 30 days of the date of such uotice, 1.ender is nuthorizecl to collect and ap~~h tl~e ~~rocayl~ :il I.ender's option either to restorntion or repair of the Property or to thc swns securc~i h~~ thi~ \Iort~ngc. ~ Unless I.ender and Borrower othenvise agree in writing, any such upplication of proceeds to principal shall ? uot extend or postpone the due date of t!?e n~onthly insknllment. referred to in purngraphs 1 and 2 hereof or change the amount. of sucl~ installments. ; 10. Boaower Not Released. Extension of the time for pa~•n~ent or modification of amortization of the sums secured by this ~Tortgage grnntecl b~ T.ender to uny successor in intemst oi Borrower shall not operate to release, in Any mt~nner, tl~e liabilit.~• of the original i3orrowcr und Rorro~~•er'~ successon in interest. I.ender shall not be requireci to coromence proceedings against such succe: sor or refuse to extend time for pa~•ment or other~vise modifv :unortization of the swns seeurecl by this \Iortgu~c by reason of an}• ~lemanc! roncie b~• the ori~inal Aorro~ver and Bornower's successors in interest. ll. Forbearmice by Lender Not a Waiver. Any forbenrnnce b~ I.ender in exereisin~ any right or remedy hereunder, or othen~ ise affordeci h~ applicablc la~~ , sl~nll not bc s~~•ni~~er of or preclude the esercise of any right i or remeciy hereunder. The procurement of insur~ncc or tl?c payment of tax~ or other liens or charges by i.ender shall not be n~vaiver of I.ender's right. to accelerate the maturitv of the indebteciness secured b~~ this \4ortgage. 12. Remedies Cumulative. All remeciies provide~l in this~\iort~age nre distinct 1n:i cumulative to any other ° right or remecll~ timler this ~Iort~age or afl'orde~i b~~ In~~• or cquity, an~i n~ay I~c exerciseci concurrently, independ- ~ ~ ~ ntly or succes~ively. 13. Successors cmd Assigns Bound; loint and Several Liability; Captions. The corenants and ugreements herein contained shall bind, and tl~e ri~hts Lereunder ~hall inure to, the respective ~uccessors and ucsigns of I.ender ~ and Borro~~•er, ~uhject to the pro~•isions of ~~arn~raph 17 1?creof_ ~11 co~•enant~ and flRreements of Borro~ver shall s I~e joint and ~e~•eral. The cnptions and headings of the para~~-~iph~ o[ this \Iort~age are for convenience onl~ and are not to be used to interpret or definc the ~~mcisions hemof. ~ 14. Notice. Any notice to Borroner provideci for in thi~ Vort~u~c ~l~all be ~i~~en b~ mailing sucL notice b~~ 3 ~ertified u~ail :uidrec5eci to Borro~~~er at the Propert~~ :~d~irc~• stated belo~~•, except for am~ noticc required under ~~aragraph 18 hereof to be gi~~en to Borro~~•er in the ~uanner ~~mscribc~i b}~ apPlicable la~~•. ~nv notice provideci for in this \Iortgage shall bc deen~cYl to ha~•c bcen gi~~en to Borron•cr ~~•hen gi~~en in the munner designateci I~erein. 15. Uniform Mortgage; Governinq Law; Severability. This forn~ of mortgagc combines uniform co~•enants ' for nationnl use und non-uuiform covenants ~eith lin~iteci ~•ariations I»~ juriscliction to constitute u uniform secu- ! rity iustrument covering real property. This ~iortgagc sh~ll be ~o~~ernecl b~ the law of thc jurisdiction in which t the Property is located. In the event tl~at any pmrision or clause of this Mortgage or the \ote conflicts with ; ~ applicable law, sucl~ conflict shall not aSect other ~~m~•ision~ o[ thi~ ~fo~tgage or the Note which can be given cffect ~vithout tf~e conflicting ~~rovision, and to this end the ~iro~•isions of tl~c \tortgagc and the Nate are declared ~ to be severable_ ~ ~ 16. Bonower's Copy. Borro~~•er sLail he furnislied ;t confo~~ned cop~ of this ~iortgage at the time of execu- ~ tion or sfter recordation hereof. ~ 17. Transfer of the Property; Assumption. If all or an~• ~>art of the Property or an interest therein is sold or transferred bS Borro~ver ~~it~hout I.ender'~ ~irior ~vritten conseut, exch~ding (n) the creation of a lien or encum- ~ brance suLoniinate to thi~ \Iortgage. (bl tl~e crcation of ~n~rcha~c mone}• securit~~ interest. for household appli- ~ :~nces, (c) a transfer 1~}~ devise, deccent or b~ opcration of la«- u~~on tl~c ~lezth of a joint tenant. or idl the grant of ~ :~ny leasehold interest of tliree ~cars or les~ not containiug c~u o~3tioii to purchase, I.ender ma~. at I.ender's option, ~IeclAre all the ~un~~ ~ecurecl I>~• thi~ ~lortgagc to be immecliateh• ~luc :?nd ~~a~~afilc. i.cmicr shall have ~vaiveci such ~ option to ac~eleratc if, prior to tl~c ~alc or tran~fer, Lender and thc ~~erson to ~vhom the Yropert~ is to be sold or transferrecl re~ch agreement in ~rriting tl~at tl~e crc~iit of ~ucL ~?er~on i~ ~atisf.ectorv to l.ender and that. the interest payable on the ~mns ~ecured b~~ this ~Iortgune ~hall he at ~ucli rxte ais I.ender shall reqtiest. If I.ender l~as ~vaived the option to aiccele~:~te ~~rovided in fhi~ ~~aragr.~~?L 17 and if Rorro~+•er'~ succe`or in intere~t has executed a~vrit- ~ ~ tcn assumption agreement accepte~t in ~~~riting h}• I,e?~~ler. Len~lcr ~hall rclca~ Borron•er from all obligations imder ~ this ~Tortgage aud thr. Vote. ~ If J.eniler exercises sucl? option to acceleratc. I.ender shall ~i~ail I3orro«~er notice of acceleration in accordanee ~ ~~-itli ~?aragraph 14 l~ere~f. Suc1i notice ~hull ~~ro~•i~te ~?eri«I of not Ie~~ than 30 ~ia~s from thc date the notice is ~ ~uailed ~~•ithin ~~•hich Borro~?er ~na~• paj• the svn~~ declum~l ~hu~. If Borro«•er fail< to pa~ such ~ums prior to the ~ ~~xpiration of such perial, Lender nia~~, ~~•ithout furthe:r noti~•e~ or ~Ieman~l on Borro~~•er, imrokc an~• remedies per- mitted b,y paragraph 18 heteof. .z ~ ~O\-i'~\IPOR\I ~~UYENA\T~. F~(/l'1'O~~'(!1' illlll ~d!Il(It'P tlll't~1PT CO~'l•llilllt ~Ill(~ il~l'QC iiti f~llo~c~: - 18. Acceleration; Remedies. I~:x~cpt ~n-o~-i~lc~l in ~?:u:i~;i:~~?li 17 hercof, u~?on Rorro~rer'~ brcach of am- Y ~~o~•en.int or uKrecu~ent of Borro~~~cr in thi~ ~fort~a~?c~. in~lu~lin~; thc~ ~o~•c~nant: to ~?a~• ~~•hen ~lue zn~• sums secured I~y this ~tortgage; Lender ~~rior to aeceleration ~Lall ~uail notice to Borro~~•er a~ ~~ro~•idecl in par:~grapl~ 14 hereof - •~~ecif~'ing: I11 the brcach: 121 tLc:tction rcc~uirc~l to cur~• sacli Irre~tcli; ~3~ a ~late. not Ic~~ than thirt~~ ~i~?ys from ~ tlic date the noticc~ i~ maileri to Borrou•c~r. I,~• ~~•i~i~h wch 1?rcu~h ~nu~t b~ curc~l; and ~41 that failure to cure such brea~h on or beforc the datc ~~~ecific~i in the noticc• nu«- re~ult in ac~eleration of the ~ttm~ sccurerl b~ this ~iortgagc ' .ui~l aale of the Yroperty. If the breacli is not cure~l on or I?cior~ thc~ ~iat~ ~p~cificYl in the notice, I.ender at i.ender'~ ~ option ~ua~~ ~lecl:?re :ill of tLe ~um~ ~ecumd I?}• thi~ \lort~a~;e to Ix~ imu~~~liateh• due .~n~i ~rtyable ~citl~out turther ; demand and ma~~ foreclo~e thi~ ~[ort~a~e I?}• ju~ii~ial ~?rocee~linK. Len~ler ~hall Ix~ entitte~l to collect in such ~~roceeci- y ing a!) ex~?cnses oi foreclo~urc, in~lu~ling, bt~t not liu~it~•~I to, re:i~ouablc attornc~~•'~ fee~, :~n~i co~t~ of documentan~ ~ evidence, ~bstracts an~l titlc re~~ort~. ~ • ~ . 6~;2i~ ~ 52~ ~ ~ Y ~ _ ~ ~ ~3°'°+ : _ - ~,s,"~'z; ~ ~:-~'~~~~.,4~.`~u-..~ _.'"yr~~ . _ . .._.2..~-^~._~~'~