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Home My WebLink About0028 1 . i . ~ i 8. Iaspection. I.encier mny n~ake or ~'RUSC l0 IN' Illli/Il` rci?suuubl~~ enh•ies upou c~nd iuspections oi the Pmp- ~ erty, p~bvided th~?t I.ender shnll give Borro~~er notice prior to any si~cl~ ins~?ection ~pe` itying reasonable cause ~ therefor relnted to I.ender's interest in tl?e Property. ' 8. Coademnatioa. The proceeds of nny :?~vani or clnin~ for dnmages, ctirect or conseryuential, in connection ~vith any condemnation ur other tAking of the Proi~ert•y, or ~~nrt tliercof, or for con~•eyance in lieu oi condemna- tion, are hereby as~igned and shall be paid to I.enclcr. In the event. of a total taking of the Propert~•, the procrcvi~ ~hr?II h~ up~~liMi to thc ~ums secured by this Mort- gage, ~~ith the excess, if nny. ~~aid to Borro~ver. in tlic event of n ~iartinl tnking ot the Yro~~crt,y, unless Borrower :ind I.ender othernise agrec in ~vritinR, there sl~nll I?e npplicct to tli~ sun~c securecl h~ this \iort~age such propor- tion of the proceeds as is equal to that proportion Khich the amou?it ot the swns secured by this Ziortgage imme- diately Pri~r t~ tl~~ date of taking t~arc to tl~e fnir u~arket ~•nh~e of tl~c Yrol~erty immediately prior to the date of taking, with the balance of the proceeds ~~aid to Borro~~•er. If the Property is AUandoneci by Borrower or it :?fter notice I~~• i.c~uier to Borro~ver that the condemnor oRers to make an a~vArd or settle a claim for damages, Borro~~er fuils to respond to I.ender within 30 days of the date of such notice, I.ender is authorizeci to collect :~nd a~~pl~~ tl~e ~~roccecl~ at I.ender's option eitl~er to restoration or repair of the Property or to thc ~ums secumci i~~ this v[urtga~c. Unless I.cnder und Borrower othenvisc agree in ~vriting, uny such application of proceeds to principal shall not extend or postpone the due date of the monthl~ instnlL»ents reierred to in purngraphs 1 and 2 hereof or chAnge the umount. oi such installments. 10. Borrower Not Released. ~ttension of the timc for ~?n~•ment or malification of amortization of the sums secured by this Mortgage granteci by I.ender to any successor in intcrost of Borro~ver shall not opernte to release, in any manner, the liabilit~ of the origin:?1 I3orrower ~nd Aorro«•cr's successors in interest. T.ender shall not be required to commence proceeciings ngainst sucL successor or refuse to extend time for payment or othenvise modify amortiaation of the sums secureci b~~ this ~tortgngc b<< retison of :im~ ~Iemnnd madc by thc original Borro~ver and Borrower's successors in interest. 11. Forbearance bp I~nder Not a Waiver. ~e~~~ forben~:~nce hv I.ender in exercising nnv right or remedy her,eunder, or othenvise af~orcieci bv applicablc ln~~•, sl»ll not 1?e a~~ ni~ er of or precluctc thc exercise of any right. or remedy hereunder. Thc procurement of insurance or tl~c pnyment of tuxes or other liens or charges by I.ender shall not be n~vniver oi I.ender's right to ncceleratc the maturity of the indebtedness secured 1~~~ this \'Iortgage. 12. Aemedies Cumnlative. All remcdie~ ~~ro~~idc~l in thi~ ~tortguge are distinct ancl cumulat.ive to any other right or remed~~ under this \iortgage or af~'ordc~l h~• In~~• or cquit~~. an~l mn~~ I,r cxcmisecl cm~currently, independ- ently or succes~ively. 13. Successors and Assigns Bound: Joint amd Several I.iability: Captions. The co~•en:~nts and agreements~ herein contained shall bind, ~nd tl~e rights herewider ~hall inure to. the mspecti~~~ <<~cecs~on and ucSigns of I.ender .ind Borro~ver, suhject to the pro~•ision< ot ~?,u•n~~:~pl~ 17 h~mof. ~11 eo~•enant~ and agreements of Borro~er shall be joint nnd se~-eral. The captions an~l henci:n~ of thc ~?,ira~~:~~~1~~ of thi~.~7o~~tga~e am for con~*enience only and ! are not to be used to interpret or ~iefinc thc ~~ro~~ision~ hcirof. ~ ~ ~d_ rjffMPO_ AT nntirv tn RnrmcyPr ~im~~iritYl f~r in thi~ ~'Iorte:tE~• ~h:~ll h~ Ei~'cn h}• mttilin~ such notice bv ~ -Y certified ~uail addressed to Borro~ver at thc Pro~~crt~• ~~Id~r~~ ~t.~ted hclo~~-. c~cert for an~• notice require~i under ~?ar~~grnph 18 hereof to be given to Borm«•er in tl~c u~auncr ~~~r~crihcd h~- a~~~~licnble la~~~. ~n~ notice ~~rovideci for in this \tortgage sha11 1>c deemed to l~a~•c becn gi~•en to Borrowcr ~~•hen ~i~•en in thc n~nnner designated herein. 15. Uniform Mortgaqe: Governing Law; Severability. Thi~ iontt of u~ortga~c combinc~ uniforn~ co~~enants for nation~l use and non-uniform covenants with limitecl ~•ariations b~ jurisdiction to constitute n uniform secu- rity instrument covering real property. This Mortgugc shall I?c ;~overneci h~~ thc la~~ of the ji~risdiction in which the Property is locuteci. In tl~e e~~ent tl?at any ~irovision or clausc of this :tortgage or the \ote conflicts with ; applicable law, such conflict shall not affect other pm~•ision~ oi thi~ Mortgage or the \Tote ~vhich can be given effect ~vithout the conflicting ~~rovision, ~nd to this end thc ~~ro~-ision~ of the ~Iortgage and the Note are declared ; to be severable. ~ 16. Borrower's Copy. Bono:~er shall Ue furnishc~l a ronfo~~ucci copv of tl~is \Iortgage at the time of execu- ~ tion or after recordation hereof. ; ~ 17. Transfer of the Pcopedy; Assumption. If all or an~• ~?art of the Property or au interest• therein is sold ~ or transferred by Borro~ver ~vithout I.endei'~ ~irior ~vritten consent, excludin~ fAl tl?e creation of a lien or encum- brance subordinate to tl~is \Iortgage. (bl tl~e ~reation of ~~urch.?~c nione< <ecurit~~ interest. for household appli- ? ances, (c) n transfer b~- devise, descent or b~• o~~cration of la~~- u~~on the ~leatl~ of a joint tenant or (dl the grant of ~ any leasehold intcrest of tl~ree years or les~ not ~ontaining an option to pur~ l~nsc, I.ender may, at Lender's option, declare all the sums secured b~ this ~4ortgage to lie iuuncdiatcl~- ~li~c and nayable_ Lender shall I~ave ~vai~•ed such option to acceler?te if. ~~rior to the sale or trunsfer. I.ender .?nd thc ~~enon to ~vhom the Propert~ is to be sold or transferred reach agreement in riting tl~at the crc~iit ot such ~?e~on i~ ~atisfactor~~ to Lender and ihat t:ie interest payable on the sums secured by this ~tortgagc ~liall bc at ~ucl~ rate a~ I.endcr shall request. If T.ender has waived the option to :iccelernte providecl in this paragrnpi~ 17 an~l if Rorro~~er'~ successor in interest I~a.S executed a writ- ten assumption agreewent acceptecl in ~vritin~ b~ I.ender. 1.cn~ler shnif releASC Borrower from all ohligutions under t his Mortgage And the Note. If T.ender exercises sucl~ option to accelerate. I.ender shall ~nail I3orro~ver noticc oj acceleration in aceordancc ~~-iH~ ~?arngraph 14 hercof. Sucl~ noticc ~liall ~~ro~•idc a ~?eriai ot not lc~s tl~an 30 cia}•~ from the date the notice is ~ u~ailed ~~•ithin ~vhicl~ Borro~ver roa~ puy the sums declarect duc. If Borro«er fail~ to ~~ay sucL sum~ prior to the expiration of ~uch ~seriocl, I.ender may. «ithout ft~rther notice or ~len~and on 13orra~~~er, invoke an~ remedies per- ~ mitted by paragraph 18 hereof. ~ \ox-UxiFOxai ('o~FxA~~. Roi•~•oti-er ~u~d I.endcr ftu•ther co~•cm:inf ~t~icl a~rec a~ follo~~s: 18. Acceleration; Remedies. Excc~t ~n~o~•ide~l in ~?ara~ra~~h 17 hereoi. u~?on I3orm~~•er ~ breach of an~- ~ i•orenant or agreement of Borro~er in thi~ \Iort~sge, includin~ tLe co~•enant~ to ~~a~• ~rhen due an} sums secured ~ by this ~tortguge, I.ender prior to ~ccelerntion ~hall mail ~?otiae to Aorro~Ygt;as ~?ro~•ideci in paragraph 14 hereof specif}~ing: I1) the bmach; ~2) tl~e :?ction requirecl to cum wcL brcach: 13~ a date. not le. than thirty days from the date the notice ic maileci to Borro~~•cr, I?}• ~chich ~uch iimacl~ must be curcKl; and 14 ~ tl?at failure to cure such bre~ch on or before the date s~~ecificd in the notice uia~• re~ult in aceeleration of thc suu~s securecl b~ this ~tortgage and sale of tLe Property. If the brexch is not ~ure~i on or 1?cfore tl?e date ~~~ecific~i in tl~e notice, 1.ender at I.ender's option ~uay ~tedare all of thc sums secureci hr thi~ :~iort~<<~;e to be ium~ccliatcl~ due and pa~•ablc ~~itliout further demand and may foreclose thi~ ~Iortga~~ jwlicial pro~•cc~lin~. L~•n~lcr ~I~all I?e eutitlc~l to collect in such proceed- ~ ing all ex~~e»~es of foreclosure, inch~din~, but not lin~ite~l to, rca~on:?ble atturrn~~-'~ fec~. and costs of documentar~ evidence, ab•~tracts an~l title re~~ort~. ' ~ BQOK~:r.l Y~Cf ` ~ ~ : . ..n~.~ _ , j ~ -