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HomeMy WebLinkAbout2310 ' d. iuspQCtion. (.c~ul~r ni:?y niak~• ~;~i~.w• ~u IN• w:~~l~• r~•:~.uiu?I~Ir ~•idrir• u~N~n an~l iu~{?.~rliuu. ui Ilu• 1=n~~~- rNy, ~~n~~•i~lecl tl~:~t i.~•ndc~r ~ball ~ivc 13orm~~•~•r nuti~•~• ~~rior lo :ui~• •u~•li i~~•~KV~tiuii ~~K•cifvin~; rr:?.wnublc ~•uu~~ Iherefor relateci to I,cuder: inteir~t. in tl?c Nro~K~ri,~. ~ ' 9. Condemnatio~n. •ri?~ >>~~~R or t~~~Y :~~v:inl ur ~•laim for ~I;u~r~~;c~. ~lircr,t or cou.u.y~ucntial, in conncctiou a ith :~n~ co~~den~n:?tion or other takiu~ ui ~!x Nro~K•rt.~ , or ~?aH tb~~ir.of. or for ~Y?i~~~~~yau~~•~• in licu of condemnu- ~ tioo, ere hereby :~~~ign~vl ~n~l sl?nli I,c ~Nti~1 to t.cn~ier. ~ In tl~c cvcnt of n totnl tskin~ oi thc Yro~~crt~ . thi• ~?mc~~l~ ~h:~ll IN• ;~~~~?lial to tha ~~n~~~ ~~y~ur~l by thi• \lort- ! gngc, ~~-itli thc excc~,~, it nny. ~u~i~l to Aorrowcr. In tlm c~~ent of u ~~ariiui tukin~ o( thc 1'm~x•rtv, unles.~ Borrower ~ :ind I.ender otlien~i~c aRrc~~ in ~vritin~, thcm .hall IN• :~~q?li~yl to th~~ •nnr •~•~ura) Iw thi~ \IoM~.i~;c xucli propor- ~ tion ot the proceecis :?r is equai ta th~t ~?ro~wrtion ~vhi~h thi• :un~~unt of fhe ~un~, ,ecural 1?y thi~ ~tortKaRe imme- } diatel,y ~irior to tl~c ~lat~• oi takin~ 1?cnn to thc f:?ir ~~~:?~~k~~t ~•:ilu~~ oi Ih~• 1'~y~~~crty immcvlintcl~ ~~rior to thc date of ~ taking, with the balancc ot the procecd: ~~,~i~l to Rorro~+~cr. ~ Ii the Pro~~erty is sl?andoned I~Y Iiorm~ver or it :~fter i~oticr 1?~• i.cn~ler to Rorro~ver that tl~e conclen~nor oRen to ~nake an ~~enrcl or settle a clAini tor ~lamage.c, l;orro~~•cr fail~ to ras~wnd to l.endcr ~~~ithin 30 ~Inys of the datc t of such ~iotice, I.ender i~ :tlltllOilEC[I f0 MIICCf anit ap~~l~ the ~n-occccl~ :?t T.en~ier'~ o~~tiou cith~:r to i~estorntion or f repair of ta~e Property or to the ~uu~s ,ecurcvl h~ thi. \tort~:~~;c•. ~ f Unles~ I.ender :ind Borrower othenvise agree in writing, any sucl~ :?pplication of procec~l~ to ~~rincipal shail ; not extend or ~~ost~wne the due date of thc monthlv instnlln~ent. refcrrc~l to in ~?ar.i~ra~?li~ 1:?nd 2 hereof or ; change the amount oi snch installments. ~ 10. Borrower Not Released. T~xtension ot thc ti~nc for ~?:~~~uc~lt, or ~nalificaiio~~ of :unortii:ttion of the sums ~cured 1?y this ?liortgage gr.?ntect b~ I.ender to am ~ucccssor i~~ inter~t of Borro~~er shal) not. o~~erate to release. in any ~nanner, the liabilit~ of the original Rorro~ver :in~l Rorro~~•~r'~ .ucce~sor. iu interest. i.ender cLall not he requir~cl to commence ~~rocec~iings agninst such succGCSOr or refu~ to exten~l time for pavment or othenvise modify amortisation of the sw».s secared by this \iottgn~c h~ reason of :u~~• ~Icman~l iu1~1c h}• H~c orifiinal Borrower ~nd Borrower's successors in interest_ - ~ Il. Forbe~anee by Lender Not a Wariver. :1»v forbear:incc h~ T.ender in exercisin~ anv rifiht or ~~emedy heceunder, or othenrisc atfordeci bv applicAble ia~~ , s1~a11 not Ix~ :i ~~•ni~~cr of or preclu~lc the exereise of anv right or reme~l~ hereiinder. Tl~c ~.rocuren~ent of insur:tnce or tli~ ~?,~vn~ent of taxe~ or other licn~ or ~harges h~ i.ender ~ shall uat he a ~~aiver of I.ender's right. to accelerate the mnt.uritv of the indebtedncss secureci hy this \'Iort~age. ~ 12 8emedies Cumulative. 411 remedi~ providal in thi~ ~iort~a~e are distinet aud cmnulntive to any other ~ right or mmed~ un~ler thi~ ~[ortgage or afi~oreial hy la~~- or c~uitv. :u~cl ~ua~ Ix~ exercisecl eonrurrently. in~iepend- ~ entl} or succesively. ~ 13. Suecessors ~d Assigns Bound; Joiat mid Several Liability; Captions. Thc ca~•~n:u~t~ ~n~1 aRreeu~ent~ (~erein containecl shall f~ind. :tn~t thc ri~ht~ hcrcun~lcr ~hall innr~ to. thc ~~c~~~ectiv~• >accec~o~~ an~l :icsigns oi I.ender ; and Borro~~-cr. ~uhject io tLc ~?ro~•i~iou~ of ~r.ira~r:?~?1? 17 h~rc~if. _111 ~m•~nant• an~l ;?~mc~ment~ of Aorro~•er ~hall ~ be joint :tnd ~c~•crnl. Th~ ~~a~~tion: :?n~l hradinfi~ of thc ~?aii•:iri:?~?h~ of thi~ ~tort~;xg~ am for cc~n~•cnience onl~ an~i ~ are not to be used to intetrret or ~lefine ilic ~~mri~iom hercof. ~ 1~l. Notice. ~n~ noticc to Rorro~~cr ~~m~•i~icYl for ii~ tl~i~ ~lort~;:i~~~ ~liall lx• ;;i~-~~n h~• u~~iliu~; :n~h uoticc h~• c•ertifieci n~ail :«idrecse~l to Rorm~~•~r at tt~~• Proi~ert.• .\~I~h-~•:• •t:~tc~l IK•lo~~-. ex~e~~t for :tn~- notiee requirerl ~mder ~ ~?:~ragraph 18 hereof to lic ~i~~en to Borro~~•cr in thr u~anu~•r ~?rc~~rilrcvl 1~~• :~~~~ilicable~ I.t~~-. An~• ~~otice ~~rovi~le~l for in this 1[ortgage ~I~al1 Ix ~lecwal to La~-c I?ccn ~i~-cn to Rorro~~~er ~~-1?cn ~i~•~n in th~• ~uaiwcr ~t~ci~natc~i hercin. ~ IS. IIniform Mortgage: Governing I.aw: Severability. Thi~ io~~n of mortga~~ ~o~nbinc•- unifonn co~•enant~ ~ for national use and non-uniforni co~enant~ ~~itL li~iiite~l ~•ari:?tio~~~ L~• iurisdiction to eonstitate a~miforni secu- ~ rity-instrumeat covering real pro~~erty. Ti~ic \Iortfia~~ ~hall 1?r ~~orernc~l h~ the 1:~~~ of tl~c juris~iiction in ~vhich the Pm~~erty is locateci. In tl~c event that :in~ ~?ro~•i~ion m~•la~r.-~ oi thi< \1ort~a~c or th~• \otc conflicts ~vitl? ~ applicable laa, sucl~ conflict, shall not affecrother ~?m~•i~ion~ of thi~ \lortga~c or th~ \ote ~vhich can I~e given efiect ~ithout the conflicting ~~ro~•ision, and to thi~ en~i thc ~?ro~-i~ioii~ of tl~c ~Iort~a~c :in~l the ~Tote are ~1ec11reci - ; to be severable. ~ 16. Bosrowers Copy. Borro~~cr ~I~all i~c furnishc~l ~•onfonnccl ~•o~?}• of this \i~rt~agc at, thc timc of execir ~ tion or after recordation hereof. c ! 17. Tr~sfer of the Property; Assump#ion. If all or au.• ~~art of the Pro~~erty or au interest therein is sold or transfermd b~ Borro«er ~vithout i.ender'~ ~~rior ~~-ritten ~•rn?~ent. ~~xcludin~; ~ al the creation of a lien or encum- ~ brance ~ul?orrlinate to tl~i~ \[ortgage. (bi tl~c ~-reaiiou oi ~nir~lui~~• inrni~•~• ~c~~nrit~• interc~t for irousehold appli- :~nc~. ~c) u tr.?n~fer h}- ~Ievise. ~lescent or I~~• o~?ersti~m ot L•itc u~~~m tlu• ~I~:~tli of a joint tcnant ~r ~~il the ~rnnt of ~ any leascl?old intcrr~t of thrcc ~can or Ic~~ not rontaii~in~ :in o~~ti~?n t~? ~~n~rhu~c. Lcn~lcr ~ua~-. :it T.ender ~ optiou. ' ; ~leclare all the sun~.~ :ecurecl 1?~- thi• ~lortgage to I~c i~un~c•~liat~l~- ~lu~• :u~~l ~~:ti~•:tt?l~. I.~n~ler ~Lall lia~~c «•aired ~ucli ~ option to :~c~cler.?tc if. ~~rior to thc ~iilc or tr.tmfe~•. I.en~lcr :in~l tL~• ~a~~~on to ~cl?o~n tl~c Pro~?crt~- i~ to ix ~old or ~ transferred mach agrcement in ~~riting tliat the crc~lit of ~u~li ~~cr~on i~ ~ati~tartv~~- io Lender .iu~f that tl?c interc~t f ~ ~,ayable on ti~e ~~uu~ ~ecumcl b}- this ~tortga~c ~I~:?II 1K :it ~a~l~ rat~• l.~~n~l~r ~liall rcc~u~t. Ii I.encler Las wai~~ed ~ !he option to :~~•celer.~tc ~?rovidcrl iu tl~i~ j?;~ragr;i~?li 17 :~n~l ii liorro~~~er'~ ~ucce~~or in intem~f lu~~ c~ccutcYl a ~vrit- ~ tcn a~~~uuptic,u :tgreewent :urc~?tc~l in ~~riting h}• I.cmler. L~~n~l~•r ~I1S~I lYrlca~c Borro~~•cr iron~ all ohli~ation~ wi~ier ~ ~h;s ~iortgagc and the \otc. ~ If I.er.~ler exerci~ ~uch o~?tion to scceler.~t~~. I.euder ~liall ~u:~il Rorro~~•er notice of acceleratiou iu accordan~e ~ ~ ~~•itl~ ~?ar.i~~r.~~~h 14 liercvi. ~uch notic~• ~h:~ll ~~ro~•i~l~• ~x•ri~Hi ~~f iu~t li••• fh:u~ 3(1 ~1.~~•~ fru~n th~~ ~i:?tc~ th~ noti~c i~ ~ ~naiied n~itLi~i u-t:icit Rorro~cer ma~ ~?at• tl~c ~un~~ ~leelarc~~l ~lu~•. If liorrc?~~-er fail~ to 1?ay ~u~•I~ ~um~ ~?rior to th~~ ~•x{?ir.?tiuu ~rf ~urh j?crial. Lcn~icr roa~•. ~~•ithout furfh~•r noti~•~• ~~r ~I~~~nanil ~r.e 1_io*m~~-~r. im~ok~~ :u~~• rc•m~~lic~~ ~~er- ~ mitted 1?~• ~~arngr:3ph 18 Lereof. ~ ~ \~~~-I~x~t~?x~t l'~~~-t:~.~sr~. F;o~•ro~scr.ui~l 1.~~~~il~~r t'~~rth~~r cm•~~u.mt .tucl a~re~~ t'oll~?~~•.: ~ 18. Acceleration; Remedies. Excc~?t :i~ ~~roci~l~tii in ~r.?r:~r~;i~~li 17 I~crcof. u~~~m 13orro~~-~~r'~ In•ea~h af :~u~- ~ ~ ~•u~-ci~:int or a~n~•iu~•nt of Aorro~ccr in thi~ \lort~;:i~;~•. inrlu~lin;~ th~~ ~•o~•~n:~nt~ to u-h~~n ~iuc am• •uin~ securecl L thL \lort n e I.en~ler ~rior to .icceleration ~I~nll n?ail noti~•~• to Rorro~~-er ~rn~~ide~l in ~ara ri ~h lA hercof Y • 1 I 1 ~~I ~ ~~~ccif~in~;: ~ 11 tlic hrc.u•i~: i2? tlic a~tion r~Y~ainyl tc~ cur~• ~u~•h I?r~ :~~•h: ~3~ ilate. not Ic:= tlian thirt~• ~la~'~ trou~ ~ tl~c ~Istc tlic noticc i~ ~uaiktil tc? I3on^~n-~•~•. h~• ~~~hi~l~ •u~L hn;u•1~ ?nu~t h~~ ~wr~l: :~ml f4~ that fsihnY~ to curr such ~ bmacL on or IK•fom t6r ~lat~• •~~ccific~l in the noti~~• ~n:i~• rc~~ult in :?r~•~•lcration of thc ~uui• :ccur~Yi h}• thi~ ~[ort~;abc ' ain~l ~:~Ic uf the Yro~?crt~-_ If thc hr~~a~h i~ not ~•urcd on or ln•ton• th~• ~lat~• ~~/CCIf1MI 111 tI1C IlOt1PC. t,~•mlcr at Lendcr ~ ~ o~ition inar ~I~~l~~n :+II of th~• ~uiu~ •ec~n-c~i h~- thi, ~IortR:?~;~• to la~ innn~yli:?t~•I~• ~Ittc :?u~i ~ri~~ablc ~~~itliout furthcr z ~ dcn~an~t an~l ~n:?~ fom~l~c thi~ ~lort~agc 1,~• jii~li~i:?1 ~~ro~•c•~~iin~. L~•n~l~r -hall I?c• cntitlcyi to collect in :~ich ~iroccc~cl- ~ ing all cx~~cn•es ~f forct~lwurc, including. buhnot IiniitcYl t~~. n•a~oii:il?li• attorrn~c'~ fcc~, :~n~l ~•o.t~ of documcntarr evidence, abstract~ an~l~tif tc m~?drt~. ~ eoo~225 ~ ~z f`~.~~.. at~a 1-~~-as~ ''~~~:~'`t~-y~ ? ~ m:. r_ " ~ l, , ~r>. ~ i x ~xi'~" °s~-w:s '~c> ~ _ . . . _ _ . . . "-~'`."^%T . ~ _ .