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HomeMy WebLinkAbout2110 8. Itlspection. l.~•n~i~~r ~u:?~'liutki• ur ~;ui~c iu i~~~ ii~:ut~• i~•:~~uir.~l,l~• ~•ntii~•. u~~u~~ :ui~! ~ti>{~r~•tium ut th~• Yru~~- ~•rt~', hru~•i~i~vl ili:it L~•n~ii•?- ~Icill ~ir~~ {turru~~rr nuti~•~• ~~rtur iu :~n~' •~~~•I~ i~~~~~~•~•tu~u ~~~~•~•il~•iti~; r~•:t~ut?;?I?l~• ~•t?~~se ~heretor rclntcKi tc~ l.c~~~l~~r:• int~•rr~t iu tlir 1'i~~?E~~~rt~•. 9. Condemration. '!'h~• {~rocrcvl~ of :w~• :~~~~:?r~! ur ~•laiiu i~?r ~I:~ru~t;••., ~lirr~•t ur rou~~~~~iu•,~tiui, in ~•oun~~ct.iou ~cith :~l~}~ ~•ou~leu?n:~iion ur uth~•r t.~kiu~; u! th~• f'ru~~rr~~•. ur ~~:u~l ~li~•rrui. ~?r fur ~•ou~•~~~•:~n~•~• ii~ li~•u i?1 ~•on~l~n~noi- tion, are herc!,~• ;i~~i~;n.~~i .iu,l ~h:?ll I~~~ ~?:iid to 1.~•iul~~r. In th~ c~•~~nt ot iutal i:?I:in~ ul tlrc• Pro~~ert~•. th~• ~~ru~•~•~•~1. •Iwll 1,~• ,~~~~~li~•~1 tu tli~~ ,iu~i• .~~~•iu~~•~I 1~~• thi~ \lort- ~;uKe. ~rith th~~ ~~x~•~•:•, if :u~+-.: ~~:ai~i t~? 13orru~~~er. I~~ iL~• ~•~•~•nt ~~i ~~:irti:~l t:ikin}; of fh~~ t'n,~~~•rt~•. ~u~le:. Rorrower :~nd I.ender otli~•r~~•i~~~ :i~„m~~ ~n ~eritin~_. them ~h:?It In• :?~~~~li~•~l t~? ~I,~• •u~u~ ~~~~~un•~i h~• thi~ ~l~~rtku~;c~ •uch propor- tion ol the pro~~ce~h ci• i~ eyual t~? that ~~ro~iortion ~~•lii~•I, tlu• :uu~~unt oi th~• ~u~n~ ~eci~r~yi I~~• thi~ \IortK:iRe imme- ~iiateh~ ~?riar to th~~ ~late• uf tc~kin~; In~ur~ tu th~~ t:iir ucu~k~•t ~:~liu• ~?i tlu• I'r~?E~~•cl~• i~n~n~~~lial~~l~• ~n•i~n• t~, the dt?te of tnking, witl~ thc I~al:u~~~~~ of thc• ~u•occ~e~l~ ~r,~i~i Rorro~~~~•r. If tl~e l'ro{~~•rt~• i::?I~:uulancyi h~• l;orro~~•er or if :~i~er ~~oti~•~• h~~ L~•i~~ler to Rorruti~~cr tli~~1 thc cunde~unor of~'er to n~ukc :in u~~•ani or ~rtilc :i ~•laiu~ for ~I:uua~c~. Rorro~~er fuih t~? rc~E~umt tu L~•n~lcr ~~•itl~in :i0 ~lap~ oi the d~ttc uf ~uch noti~~~. l.en~ler i~ :iuthoriz~~~t tu ~•otle~rl :uul a~~~~l~-.ti~~• ~~r~?~•~•~~~i• :~t L~•~~~l~~r'~ ~qrti~?n ~itl?er tu re:toratiuu or renair of the Propert~• or to th~• ~um~ ,e~~•urcvl 1?~• thi~ \lort~*a~~•. i)nlc•. L~~~~der :uid Borro~~•c:r uther~~•ise~ n~ree in ~~•riti~i~;. .~n}• ~uch .?~~plicution of proceed~ to princ:i~~ul sl~nll t~ot extend ~~r ~~~~~t~~ou~• tlu ~1ue ~ir~tc~ oi thi• nu~nthh• i;~~t:illin~~~~l• mf~•rr~~~l to in ~,ar:~krn~?li• 1:uxi 2 hereof or ~•h:?nge thc :uuuimt oC :ucl? inst~llments. . 10. Borrower Not Released. l~:xtei?~iuii ot th~~ tiiu~• i~~r ~~.~~~n~~•nt ur ui~iiti~v?tioi~ ~~f :unc,rtizatiau of the sums ~ecured I~~ thi~ \lortgage ~r.u~tc~l l~~- L~•n~ier to :ui~• ~n~r~•.;~~r iu inf~•re.~t of I3orm~~~~~r ~hall not o~~er~te t,? release. in :~ny ~n.inner, tlu• li:~hilit~• of tl~c ori~insl l;orro~~•er :in~l ii~,rro~~•~~r'. •uce~:sor• iu interest. 1.en~ier ~I~all not be requimcl t~~ co~un~enc~~ ~~?~c~e~lin~: agni~yst •ucl~ ~ucee~~or ur ri~ii~~~• fo ~xten~l time ior ~~a~•mcnt or oth~r~vise ~nodit~ :~u~ortization of thc ~wn. ~ecured b~~ thi• ~tort~:i~~• I?~• ma•ou ~~f :u?~• ~1c~nrtii~l in:ul~ h~• tlir oriRinal Rorm~~er ancl 13orrotver's successon in interest. 2' - 11. Forbearance by Lender Not a Wcriver. forh~•:~r;~m•~• I?~• Lrnrler in exercisin~ am• ri~ht. or remed~• {~creun~ler, or other~~•isc~ affordc~i :ti~~plicahlc~ 1.~~~•. ~I?all nof 1~~• ~~•ai~•c•r ~,f m• ~?~•~c•h~d~ tlie ~~xercisc of an~ right ` ur ren?e~i~• hereundcr. 'Clie ~?rocuren~ent of incursm•~ or ih~• {~a}~~ue~nt «f t:~~c~ or other liem or chZrges b~ i.ender <hsll not h~~ ti~•cii~'er o[ Lender'~ ri~ht to acceler;tte the matt~rif}• af 11~~ indebtednc~~: ~ecumcl 6}• this \tort~a~e. 12. Remedies Cumulative. :11! renicdics ~?ro~•iilc~l in tl~i~ \lort~agc• am ~iistin~t au~f cuniulati~•e to any othe?• iight ur r~~~uc~h• tin~t~~r thi~ \fort~agc- ur :~ti'onic~l la«- ~~r ~•r~uit~-. :uul iu.?~- 1,~• excrcised ~•on~•urrentl~~. in~lepend- +v~th- or ~i~c~es•i~•elv. 13. Successors and Assigns Bound; Joint and Several Liability; Captions. 'fiu• ro~~en:?nt~ and a~reement~ i~erein containeci shall hin~l. .in~l tL~ ri~hts here~u~cler ~i~all iu~n•~• t~~. tlu~ re=~?ceti~•~• •iicce.::oi:: ,imi a:signs of I.ender :ui~l I~orru~s~r. ,i~hjc~t t~ th~• ~?ro~-i~i~n• of ~~:u•.i~;r:?~?L 17 lirre~f: :~il ~•u~•~~n.~ni~ ati~l :~Krer~urnts of Rormt~•cr ~hsll he Juint :in~i ~~~~-er.il. 'fhe ~~:i~?tion: :inrl hea~lin~: of thc~ i~:ira~,r.i~~}i> ui ~hi= \t~rt~ai~~~ :ire tur ~•om•enienc~ onl~~ ~n~i :ire not to he useci to intcr~>rct or ~iefini~ the ~?ro~•isirni• he~~rof. 14. Notice. Am• notic~ to Borro~~•cr ~n-o~•i~l~~~i ior in thi~ ~lor~~_u~;~• ~I~al1 ~~i~•~•n i,r mniliu~; ;u~li no[icc b~• ~•ertifierl n~ail :ai~tre~~e~l io Rorro~cer at thc~ Yro~~~~rt~• .1~I~In•:. :r.i1~~~1 I?~~lo~+-. ~•x~~e~,t C~~r :?m• noti~~~ require~l uncler ~~:ir:~;;r.i~~L 18 lu~rcof to he ~it•~•n to Rorrun-~~r in th~• iu:?~:n~•r ~n•e~~•rit~~til h~• :~l?~?li~•al?le 1.?~c. ~nt• noticr ~~m~•i~ied ~ ~ ~or in thi~ \lort~;a~;e :hall L~ ~le~•~ne~l to ha~•e hr~~n ~i~•c~n Ron•o~~~~~r ~~-lu~u ~ir~~n in th~• manncr rlesi~natcKl herein. ~ 15. Uniform Mortgage; Goveming Law; Severability. '1'hi~ torn~ c~f ~i?ort~a~*~• ~•ombiue~ uniiorm co~•enant~ ~ tor uational mc an~l non-unii'orn~ ~~o~•cnant~ ~~-itl~ liroitc~! ~-.?riatiou~ h~- juri~dictia? to cou~tittttc a uniforn~ s~e .it- rit~~ instr~ui~ent ~•o~~erinK real 1?ropert~~. 'Chi~ ~Iort~;:?<,e~ ~h:ill l,~~ ~;oti•erne~i h~• the la~~~ 02 the jitrisdiction i~ ~6hici~~ ~ ti~e Yropert~~ i~ locatecl. In th~ c~•ei~t tliat :ui~~ ~?ro~•i~ioi~ ~~r ~•lau~~~ oi thi~ \lortga~e or tl~e \ute conflicts with ~ .ipF>licable lz~~-, ~~~~h ~onflict ~hall not ;ifl'~ct other ~?r~i~-i~iun~ of thi~ \tortgA~;c ~r th~ \ote ~vhicL can be given ~ effect ~~•ithout ihc~ ~•onflictin~; ~?ro~•i~ion. :in~i to thi~ en~i the {~ro~-i;iom of ti~c \Iort~;ugc :inrl the \otc are declareci to be severable. j 16. Borrower"s Copy. Rorro~~-er ~hall hr furnislu•~i ~•o:~forn~~•ri ~•o~n- 01 this ~Iort~;a~e at the time of execu- rion or after reconiation hereoi. ~ 17. Transfer of the Property: Assumption. If all or :~m- ~~:u~t ~~f thc Propert~- or au interest therein is sold ~ or transferred L~• 13orm~~-~~r ~rithout I.en~ier'~ ~rrior ~~•rittc~r ~~omert. ~~x~ludin~ ~ai thc creation of a lien or encum-- ~ br.?nce v~l~or~iinate~ to ihi~ ~lortr.?};e•. ~l~i th~• ~~r~:ifion ~~I a~n~r~~ha-~~ i?~~~n~~~- ~~~curit~• intem:t for househol~l appli- ~ g :ince~. ~e 1 a tran•fer L~- ~Ic~•i~~•. ~te~~•rnt ur L~- o~~~~i:?tioi~ of la~~ »~~on th~~ ~i~atl~ of a joint tenani or ~~l ~ tlie ~rant~ of ~ :u?ti' Ica~~~Lol~l int~~r~~~t of thrc~• ~-~~ar~ o~~ 1~~:. nm ~•untainiu~~ ;u~ u~~ti~m t„ ~~ur~h:i~e. I.~nrler ma~-. uf i.ender's option, ~ ~ieclare all the >u~n: :ci•ur~~ri thi~ \iort~:it~~• t~~ he~ imiu~~~li:~t~•I~- ~ln~~ :in~i i~.~~•sblr_ i.en~lcr ~hall }ea~-e ~vai~~eti such ~ uption to :i~~~~~ler:?te if. ~~rior to tlie ~.~1~• or tr.i~~~ter. L~~n~lrr :iu~l th~• ~~c~r~o?? t~~ ~~•i~oni tli~~ Yro~?crf}• is to be sold or ~ trau~ierre~l rr~t~•l~ agrrenic:ni i~~ ~~-ritin~; tliat tl~~~ ~•re~lit ~~f ~2u•I~ {~c•~:~on i- ~ati~i:~ctor~• to Len~l~•r :~n~l that ti~c intetest ~ ~?<?y:?blc on the ~uur ~~•~•ure~i 1?~• thi~ ~lartg.t~~• ~li:?li 1~~~ :it a~rl~ rzi~~ a~ Len~ler ~liall re~~uc~t. Ii Lcuder has ~vai~~ed 1}1C O}ltI0I1 IO :u~~~~~leratc~ ~~ro~•i~le~l iu tlii~ ~?aragr.~~~li 17 an~l if li~~rru~~~e~r'~ ~ucce~~or in intere~t I~a~ executeci a writ- tcn assu?u~~tion agree~ne•nt :u•~cl~tc•~l in n•ritin~; L~• I.~•n~ler. Leu~l~r ~liall relea•e Rorro«•~~r imm all obligation~ under ~ tliis \iorGgaqe ancl thc~ ~otc. - :a If I.en~ler s•~ercise~ ~ucl? o~~liuu to acceler:?tc. I.ender ~Lall ~uail Rorro~~•er notice of acceleration in aceordanee ~ ~~•itii ~~:?r:t~i•:i~~h ti~ her~~uf. ~u~h noti~•~• ~L:ill ~~ru~•irl~• .i ~~~~ri~„i «f not 1~~:. tl?;u~ 30 ~la~•> from th~~ ~lat~~ tl~e notice i~ ' n~:iiled ~•:thin ~ci~ic~l~ Rorro~~-c~r ~us~- {~a~• tlu~ •mn~ ~leclarc~l ~lu~•. [1 Rorro~~-cr t.iil~ tu ~?u~- >urh ~um~ prior to the a ~•:{~llTfitl(?!1 O~ at~•i~ ~1rrial. Len~ler n?:i}•. ~~-ith~mt f~~rth~~i• n~tii•~~ ~rr ~I~•nr.?n~l on Bnrrotccr. in~•oke .?u~- remedies per- - mittecl h}• Er.tr:a~r,:}?h 181~crcol. si ~ \~?a ('sitntc~t l'u~•~:~.~xr.. li~~rri~~~~~~r:~n~l I.~•n~l~•r t'~n•th~~r ~•~?~•~~n:~nt :uul a;rrc~~ f~?Ilo~~•~: ~ 18. Acceleration; Remedies. l~:x~~~~~~t :t~ ~~nr~-i~f~•~i in ~~:u:i~,r:+~~ls I ~ iu~reof. u~~un {;orro~cer'~ hre:~ch of am- - ~•u~-~•i~;i?~t ~;r:irrccni~•nt of Borr~m~~•r in thi~ ~lin~t~;a~;~~. in~•IiulinR tli~• ~~o~~~~nant~ to ~r.?~- ~~~h~~n ~lu~~ an~- ~uins secured bS- this ~lort~;a~;e, Len~ier ~irior to .?c~cler:ttion ~hall u~ail nuti~•~~ to Bc?rro~~~er a~ ~~ro~-i~ic~1 in paragrapl? 14 hereof =~a ,}~ccif}-inn: i 1 I th~~ brea~•h: 1'l1 the~ :u~ti~m r~•~~uir~•~I to rur~• ~urh I,r~•aeli: ~3? a~lat~~. n~~t I~~:: than thirty da~~ from thc ~latc th~~ noti~~e i~ n~ail~•~I tu I3orr~m~~~r. h~- ~~-liirh ~u~•L I~r~~.u•li mu~t I~~~ ~~um~l: .uui ~4~ that inilum to cure such hrc:t~~h ~in or heforc th~~ d:+t~• ~~x•~~itic•il in th~• noti~•~• ina~• r~~~ult in :~c~•c•Icratic~n ot th~ ;u~m ~ecum~i h}• this ~iottgagc _ :?~:~1 ~al~~ uf thc Yropcrt~-. If tlu~ hr~;u•{? i~ not ~•umu on or h~•la~~• th~~ dat~~ ~p+•~~ificri in tlu• notice. I.ender at I.ender's ~ o~itiou n~x~• ~{e~~•lam al( of thc ~~m~: :ecure~i h~• thi~ \IortKa~c to In• i~un~r~liatel~• ~lue an~l pa~•able ~~•ithout further = ~lc•~u:uul :?n~t ~n.~}• foreclo~~~ tl?i~ ~lort~;:e~:i• I~~• ~u~li~~isl ~?ro~•r~~~1in~; L~•n~ter sliall I?e entitl~~i t~~ collect in ~uch Procced- _:i inn :ttl ~•x~~ensc~ ui foreclo~urc. inclu~lin~;, hut nvt liiuit~•~1 tu, re~u•onaf,le :tttorn~~~•'~ fec~. :?nd co~t~ of documenta»• ~~~•idenc•e,ab~trxct<:u~~t titlc re~?ort~. ~ . --t ::~.4 .,~~.t21Q9 =V~ ~ ~ ~ ~ ~ . ~ k~ ~ ' ~ ~ ~ ~t ~ ~ ~ x~~~ ~ : ~-:.,~?._;...~'r~ .t ~'z.^ - r ~~S ~_~u...._ . _ _w .