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Home My WebLink About0012 8. Iaspoction. l.ender may make or cause to bc ~i~ade ~rusouul?Ic ~~nh•irs u~?oi~ uncT inspectious of the Prop- erty, J~rovided that I.ender shall give IIorrower notice ~~rior to nnv ~ucl~ in.pection .pecifying masonable eause therefor related to Lender's interest in the Property. 8. Candsmnation. The proceeds of nny nward or cloiiu for da~uages, ciirect or consequential, in connection with any condemnation or other taking of the Propcrty, or ~~art tl~creuf, or for con~•eyance in lieu of condemna- tion, are hereby assigned and shall be paid to I.ender. In the event of a total tAking ot the Property, tl~e proc~YVis sl~all I?c a~?nlied to the su»>s sec,urecl hy this Mort- ' gage, with the excess, if nny, ~faid to Borrower. In tl~e event of n ~?artiAl takinR of khc Propcrty, unless Aormwer ; and Lender otherwise agree in ~vriting, there sl~nll I~c npplic~l to thc• ~uim secured by this ~iort~age such propor- j tion of the proceeds ns is equal to that pmportion which thc sinount of thc sun~.~ secured by this \iortgage imme- diately prior to the date of taking bears to t.he fair ~narkct ~•aluc of the Yro~ierty immeciiately prior to the date of taking~ with the balance of the proceeds pai~i to Borrower. ; If the Property is abandoneci by Borrower or if niter notice b~• I.ender to Borrower that the condemnor offers = to make an award or settle a claim for dan~ages, Borron•er fuils to respond to T.ender within 30 days oi the date ' of such notice, T.ender is uuthorizecl to collect anct ap~~ly tl?c ~~racced~ at I.ender'. option citl~cr to restoration or repair of the Property or to the ~ums secureci bv tl~is \tortRage. : ~ Unless I.end~r und Borrower othenvise agree in writing, uny such application of proceeds to ~~rincipal shall > not extend or nostpone the due date of thc monthly installments referre~l to in paragraphs 1 and 2 hereot or ' change t.he amount of such installments. ~ ~ 10. Borrower Not Released. Extension of tl~e tin~c for ~~avment or ~nodification of amortiaation of the sums secured by this Mortgage granted by I.ender to any successor in interest of Borrower s]~all not operate to release, in any manner, tl~e liabilit.y of the originnl Borrower And Aorrower's successors in interest. T.ender sha11 not be requireci to commence proceedings against sucl~ succe.csor or irfuse to extend time for payment or otherwise modify ; amortiaation of the sums secured b~ this \iort~age hy reason of any ~lemand m~de by the ori~inal Borrower and Borrower's successors in interest_ ~ • # f 11. Forbearance by I.ender Not a Waiver. :1ny forbear~nce I~v I ender in exercising any right or remedy ~ hereunder, or otherwise afiorcieci by applicablc la«•, shAll not ix~ a~caiver of or preclude the exercise of any right ` or remedy heret~nder. Tl~c procurement of insurance or tl~e ~~aymeht of taxes or other licns or charges by 1.ender shall not be a~vaiver of Lender's right to accelernte the maturity of the indebteciness secureci bS this \Zortgage. 12. Remedies Cumulative. All remeciies providecl in this ~iort~age are distinct and cumulative ~to any other ~ right or remed}~ un~ler this \iortgagc or atl'orcied hy la« or cquit•~ , zind ~nay 1x~ exercised concurrentl,y, independ- ently or successively. 13. Successors and Assigns Bound; Joint ~md Several Liability: Captioas. The co~~enants and agreemen~~ herein containeci shalt bind, and the rights hereunder shall inure to, the respective ~uccessors and acsigns of Lender and Borm~~er, subject to the ~~ro~~ision~ of paragrnph 17 l~crcof. all co~renant~ and a~reements oi Borrower shall be-joint and se~~eral. The c:~Ptions zn~l 1?eadings of the ~~ara~rn~~h~ of thi~ \Iortga~e am for convenience only and are not to be used to interpret or definc the ~~rovisions hereof. 14. Notice. Any notice to B~rmner pro~•ideci for in thi~ Vort~a~c sl~all i~e gi~•en b}~ mailin~ such notice bv cert.ified n~ail :?~idrecseci to Bon-o~~er at thc Propert~• :~ddre~~ statc~l helo«-. cxcept for ant• noticc required under ~?aragraph l8 1?ereof to he given to Borro~rer in the u~anner ~~rescribed i?~• applicable la~~-. an~• notice pm~~ided for in this \iortgage shall he deen~ed to ha~•c heen gi~~en to Borro~~•er ~~•hen gi~•en in the manner desi~natecl hereiu. 15. IIniform Mortgage; Goveming I.aw; Severability. This forn~ of moMgage combines uniform cot~enants ; for national use and non-uniform covenants lvitl~ limiteci ~•ariation~ b~ jurisciiction to constitute a uniform secu- ; rity instrument covering real pro~~erty. This ~lortgage shall be governed by the law of thc jurisciiction in ~vhich ~ the Property is locateci. In the e~~ent tl~at an~ ~~ro~•ision or clause of t.his ~iort~gage or the Note conflicts with ~ applicable ia«, such conHict shAl! not affect other 7~m~•ision~ of thi~ \to~tgage or the Note which can be given ePfect without the conflicting ~irovision, and to this en~l the ~?ro~-ision~ of the \Iortgage and the Note ate declared ~ to be severable. ~ 16. Borrowei s Copy. Borm~ver shall be furnished a conformed copy of this \tortgage at the time of execu- ~ ~ tion or after recordation l~ereof_ ~ ~ 17. Transfer of the Propedy; Assumptiom If all or any ~~:~rt of the Property or au interest thetein is sold } ~ or transferred by Borro~vcr ~vithout Lender ~ prior tivritten consent. excluding (:~l tl~e creation of a lien or encum- ~ brance suborrlinate to thi~ \Iortgage, (I~i the creation of a purcl?ase ~none}• ~ecurit~• interest for household appli- ~ ances, (c) a transfer.ln• ~ievise. ~lescent or bv o~~erntion of la~~- ~q~on the ~ieatl? of a joint tenant or (~il the geant of ~ .iny leasehotd interest ot tl?ree rears or lcc~ not containing a~i option to ~~urcl~ase. Lender ~ua~ _~~t I.ender's option, ~ ~ie~~aTe au t?~e s~~~?~~ securei~h~• this ~tortgage to bc im~ueciiatcl~~ ~iue and ~?ayable. I.en~ler ~hnll have ~vaived such option to ac~elerate if. prior to thc sale or transfer, I.ender aucl the pcrson to ~~~hom thc Yropertv i~ to be sold or ~ transferrecl reach agree~nent in «riting that the creciit of such ~?et~on i~ satisf~cton to I.ender and tl~at the interest payable on the ~wns secureci by this ~iortgage sl~all be at wcl? rate a~ I.ender shall reque~t. If I.ender has ~vaived ~ the option to ~~ceelerate ~~rovided in this ~~aragrapl~ 17 and ii I3orro~~•er'~ successor in interest l~as e~ecuted a writ- ~ ten assumption agreement acceptcci in riting b}~ I.ender. I.ender ~hall mlease Borro«~er from all obligations under this ~'Iortgage and thc Notc. ~ Ii T.ender exerc:ses sucl~ option to accelerate. I.ender slr?Il ~nail Rorrower notice of acceleration in accordsnce n :~~itl~ ;~aragra~~l? 14 her^of. St~ch notic~ ~l~all ~~ro~-idc a ~?erial of not Ic~~ tha~z 30 ~lay~ iro~n the date the notice is ; ~ n~ailed ~~~itliin •~•l~icl~ korrowcr m~~~ ~?a}• tl~c sum~ declared ~lu~~. If Borro~~er fails to ~~a~• ~ucl~ swn~ prior to the ' - expiration of ~uch ~~e~iai, Lencier may, ~~ithout further notic~~• or ~leu~arnt on Rorro«•er, invoke an~~ remedies per- - mitte~ by paragraph 18 hereof. ~4: ~o!~-['~:ir•oK:~i.('~n'FNA\T~. F;OI•ro~~•er ~uid Leucler further co~•~~n.~nt an~i ~~ree a• follo~~•~: 18. Acceleration; Remedies. 1~.x~ept .i~ ~~ro~•idc~l in ~~au:~Rr.t~?li 17 hereof, u~~on Rorro~cer'~ brcach of an}- a:~ co~•enant or a reement of I3orro«-er in tl?i~ ~tort t~ inclu~lin the co~-enant~ to ?a~ «•hen due 3n}• sutn~ secured K K ~ 1 - Ly this ~tortgage, I.ender ~~rior to acceleration shall wail notice to Borro~ser ai~ ~iro~•ided in ))S1TAg',PA~1I1 14 hereof ~pecifyinb: 111 th~• breach; 121 tl~e xction re.~c~uirc~i to curc ~ucl~ in-cacl~; ~3i a date. not Ic~~ tban thirt~~ cia~~~ froro the ~latc thc noticc i~ inailcrl to Borro«•cr. I?~• «•hich ~ucl? I?rca~li mu~t t?c cum~i; an~l ~4t tl~at failurc to cure such breach on or before the datc specifiecl in the notice ma~ result in ac~eleration o[ the ~~tu~~ securc~i h~ thi~ ~iortguge and sale of the Yro~~erty- If the breacL is not cured on or I?cforc the ~late .~~cifie~l in the notice, Lencier at I.ender's 'r4E option ma~ decl:+re ~ll of the sum~ secureci b~• this ~IortRa~e to bc immccliateh• duc an~l ~~a~able ~~•ithout further f. : ~ demand and ma~• fomclose this ~iortgage b~• ju~licial ~~rocec~lin~. L~n~1er ~hall be entitiecl to colleM in such proceed- ing all eapcnses of foreclosure, including, but not li~uiteci to, reasonablc attorn~~•'~ fee~. anrl ~osts of documentart evidence, abstracts an~i titie rc~iorts. ~ B3~fS yaf f - ~ ~ ~ = - _ ~ =f - ~ . u_ . . . . _ . . _ - ~