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Home My WebLink About0622 8. Inspection. l.encier ~uay make or es?use to b~~ mude reu~oni~bl~• ~~Il~l'il•a u~~o~~ ~u~d inspections of the Prop- erty~ provided thAt I.ender shall give BorroH•cr noticc ~?rior ta any ~ucl~ inspeciiou .pecifying reasonable cause therefor related to Lender's interest in tl~e Yroperty. 8. Coademaation. The proceeds o( any a~~•arci or ~It?im tor daniages, ditect or conseryuential, in connection ~vith any condemnAtion or ot.her taking of the Propert~ , or ~~art tl?creoi, or for con~~eyAnce in lieu of condemna- tion, are hereby nssigne~i and shall be paid to I.ender. In the event of a total taking ot the Property, the proc~~ecls ~IiAll 1H: applial to the sun~s secumd hy this \iort- gage, with the excess, ii any, ~~aid to Borrower. In the event of i~ ~~artial taking of thc Propert}, unless Borrower i~nd I.ender otherwisc agree in ~vriting, there shall be npplicci to the sun~~ securecl by this ~Iortgage such propor- tion of the proceeds as is equal to that proportion ~vhich tl~e amount of thc sun~s securecl by this ~tortgage imme- diately prior to thc dnte of taking bears to the f~ir ~uarkct valuc of the Yro~~eert~~ immecliately prior to the date of taking, ~viili ine uaiaiii;e of the pra.ee~is j3..i~! ~u Burro~ cr. If the Property is nbAndonecl by Borrower or it niter notice 1~~ I.euder to Borro~ver that the condentnor oi~ers to make an nward or settle n claim for ciamages, Borro~~er fails to res{wnd to I.ender within 30 days of the date of such notice, I.ender is authoriLeci to collect and ap~~ly tl~~ ~~roccecls a?t I.cnder'~ option eiU~er to. restoration or • repair of the Property or to thc suins secureci by this \iortga~c. Unless I.cnder and Borro~ver othernise agree in ~vtiting, any such application of proceeds to prii?cipal shall not extend or postpone the due date of the monthly instnil~ucnts refcrn~cl to in parngraphs 1 and 2 hereof or change the amount ot such installments. 10. Borrower Not Released. Extension of the tiinc for pnyment or modiGcation of amortiLation oi the sums secured by this Mortguge granted by ~.ender to any successor in interest of Borrower sl~all not opernte to release, in any manner, tl~e liubilit.y of the originnl Borrower and Borro~vcr's succe.ssors in interest. T.ender shall not be requiteci to commence proceeciings ugainst such succe.csor or refuse to extend time for puyment or other~vise modify amortisation of the sums secured b~~ this \iortgagc 1?y reason of any demand mnde b~ thc original Borrower and Borrower's successors in interest. 11. Forbearaace by Lender Not a Waiver. Any forbearnnce by I.ender in exercising any right or temedy hereunder, or otherwise af~orcieci by appiicabie iu~~ ~ SI1R1'l 11U~ iK` .t ~iiitttieP 'vi Gi ii~i:i.iu.iL' ~~:C L'X~r~ise ot any r3ght or remedy hereunder. Tl~e procurement of insurnnce or ti~c ~~ayment of taxes or other liens or charges by Lender shall not be a~vai~er of I.ender's right. to accelernte tl~e maturit~• of the indebtedness secured by this vlortgage. 12. Aemedies Cumulative. All remedies providat in this lZortgage are distinct and cumulative to any other right or remed3~ under this ~iortgage or afi'orderl by la~~ or cryuity, and ma~~ I~c exercised concurrently, independ- ently or successively. 13. Successors ~d Assigns Bound; joint and Several Liability: Captions. Thc co~ ennnts and agreements herein contained shall l~ind, ~nd tl~e rights i~ereunder sl~all inure to, t.l~c respective successors and ussigns of Lender and Bormtiver, subject to tlte provisions of pnragraph 1? hereof. ~11 co~~enants ~nd agreements of Borrower shall be joint nnd severnl. The captions and he~dings of thc p.irn~~Y~~~h~ of tl~i~ \[ortgagc ~re for convenience only and are not to be used to interpret or definc the pmvisions hcreof. 14. Notice. Any notice to Borrower provideci for in this ~lort~agc sl~all bc gi~~cn by mailin~ such notice by , a__ ~.~a~_--- ..a..a,..l t~~l..... ..vnnn4 fn~ wm+ nnt.i~e rnnuir~eci under certahed waii aciclresseci to isurruwer ui ~f~C ~'iujti'aij .~a~.iaa,.~ v:.. j': . - - ~~.~ragraph l8 lieteo[ to be given to Borro~~er in the ~nanncr prescriUeci b~~ applicable la~~. Any notice provideci tor in this ~iortgage shall l~e deemecl to have been given to BorroH er ~~~hen gi~•en in the manner designateci herein. 15. Uniform Mortgage: Governing 1.aw: Severability. This form of ~nortgage combines uniform co~~enants for national usc and non-uniform covenants nith limited variations I~y jurisdiction to constitute a uniform secu- rity instnunent eovering real ~~roperty. This ~iortgage shall be governeci Uy the la~v of the jurisciietion in ~vhieh the Property is located. In thc event that any provision or clause of this ~Iortgage or thc Note conflicts with applicuble law, sucli conflict sl~all not aflect. other >>ro~ isions oi thi~ \io~tgage or the Note which can be ~ven I eRect ~vithout the conflicting provision, and to this end the pro~'isions of the ~iottgage und the Note are declared ~ to be severable. 16. Borrowei s Copy. Borrower shall be furnisheci a confo~~nc-d copy of this Mortgage at the time of execu- ~ tion or after recordation l~ereof. 17. ?ransfer of the Property: Assumption. If ali or nn~~ ~~art u[ the Property or an interest therein is sold or transferrecl by Borrower ~vithout I.ender'~ ~~rior ~vritten consent, excluding (a) tl~e creation of a lien or eneum-' brance subotclinatc to thi~ ~Iortgage, (i~l the creation of a purcha~e mone~ security interest. for household appli- ances, (c) n trausfer by devise, descent• or bY oper?tiofi of la~~• upon the deatl~ of a joint tenant or (dl the grant of any leasehold interest of three vears or less not contnining an option to purchase. T.ender may. ut Lender's option, declare all the suu~s secureci b~ this \iortgagc to be im~uediateh• ~liic and payabl~. T.ender shall have ~vaived such option to accelerate if, prior to the sale or tran~fer, Lender aud thc ~~erson to ~~hom the Property is to be sold or transferred reach agreement in ~vriting tl~at tl~e creclit of sucl~ ~~eron i~ satistactory to I.ender and that the interest payable on the sums secured by t.his 1~iortgagc ~l~all be at sucl~ rate as I.ender shall request. It I.ender has waived the option to acceterate provideci in tl~is paragra~~h 17 and if Borro~rer's successor in interest has executed a writ- ten assumption agreement aeeepteci in ~vriting i?~ I.encler, 1.ender sl~all release Borrower from All obligations under this Mortgage and the Note. If j.ender exercises sucli option to acceleratc. T.ender sh:~ll ~nail Borro~ver notice of acceleration in uccordance «•ith ~~arugraph 14 hereof. Sucl~ noticc sl~all pro~•ide a ~ierial of not lc~~ than 30 days from the datc the notice is mailed ~~ithin «hich Borroc~er ~uay pay the sums declareci ~luc. If Borrower fails to pay such sums prior to the expiration ot such perial, I.ender may. ~~•ithout furt.her noticc or ~leman~l on Bormwer, invoke any remedies per- mitted by paragraph 18 hereof. ~~ON-UNIFOBDi COVI:IdA1~T5. Rorro~~•er and Len~ler furtl~er co~•~nant ancl agree as follo~~s: 18. Acceleration; Remedies. 1~:xcept x~ ~n•o~•idect in pa~:?graph 17 hereof, ~qwn Rorro~~~er's breach of any co~enant or agrecment of Borro«er in thi~ ~Iortg3gc, includinK tLe covenants to pay ~~hen due any sums secured by this ~iortgage, I.ender prior to acceleration shall ~uail notice to Borrower as provideci in paragraph 14 hereof specifying: (1) tl~e breacl~; (2) the uction rrquircYi to cute sucL breacl~; i3) a date, not le~ than thirty days from the datc tl~c noticc is mailed to Borro~rcr. b~ which such brcacl? must bc cumcl; and (41 thtst failure to cure such breach on or before the dutc specifiecl in the noticc may result in acccleration oi the swns secured by this ~lortgage :ind sale of the Property. If the bmacli is not curec~ on or I~efore.t~c datc rpecified in tl~e notice, I.ender at Lender's option may deelare all of the sums seeureci 1~y this \lortgage to i~e immedi~tely due 9nc1 payable without further demand and may foreclose thi~ ~iortgage by judicial ~iroceccling. I.ender shall Ue entitlec~ to collect in such prceeed- ing all expenses of foreclosurc, including, I~ut not limitcd to, reasonable attorney's fees, and costs of documentary evidence, abstracts and titlc rc~~orts. Boo~ 227 PA~ 621 . _ i.~ r. ~ ~ , - ~ ~ _