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Home My WebLink About0216 ~ 1 8. Inspection. I.ender n~H~• n~nkc a• ~•au•e to 1?~~ n~:ai~~ reit~u~~iil?1~• ~~utrir~ u~~ou iin~l in~~?cctious oi tlte Pro~?- erty, provided that Lcnder sL~ll gi~~e I3orru~~•cr no;i~~e ~?riur tu :?n~• •ucl~ inyxctioii ~pecif~~iu~; reasonable cause ~ therefor related to Lender's ii~terest in thc Yropcrt~~. 9. Condemaation. The proceecis of nny a?~~anl or elain? for dawAges, direct or consc~~ucntial, i~~ connection with any condemnation or other tnking of the Pro~~erly. or ~~art tl?ereof, or for ~a~~•e~nncc in lieu oi condemnn- tion, are hereby assigne~l and shail be paid to I.ender. In the event of a total taking of the Pro~?ert~~, tl?c pmcc~~i~ sl~all Im .i~q?lie+i to the ~wu~ secumcl b~• this \iort- gage, ~~ith tl~e exccss, ii nn~, paid to Borro~~er. In the evcnt of .i parti:?1 taking of the Pro~?crt~~, unlc~s Borrower and Lender othetwise ngree in ~~ritin~, tLere sliall h~ a~~~?licd to tLe ~un~~ secureci hr this ~(ortgage such propor- tion of the proceeds as is ec~ual to that~ proportion ~~hicl? tl?~ amuunt of the suu~s secured b~ this \iortgage imme- diately prior to the datc of faking bcars to tl?c fuir nuu•k~~t valuc of thc Nro~~ert}• immeclintel~ prior to the date oi taking, with the balance oi the proceeds ~~aid to Borro~~•er. , Ii the Pmperty is nbui~doneci by I3orro~~•er or if atter notice b~• I.enaer tq,Borro~ti~er that the condemnor oRers to make an a~~ard or settle n claim for damnges, Borro~~•cr faiis to respond to I.ender ~vithin 30 ~iays of the date of such rotice, I.ender is authorizeci to collect ~nd :~p~~h• thc procceds at I.ender'. opt.ion eithcr to restorntion or repair of the Property or to thc sums seeured b`• tl~is \[ort~agc. Unless I.ender und Borrower othenvise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date ot thc monthly inst~llment~ reicrreci to in paragruphs 1 nnd 2 hereof or change the amount of such instaliments. 10. Borrower Not Released. Extension ot thc time for pa~ ment or modification ot Amortization of the sums secured by this Mortgage gmnted by I.ender to un~• successor jn interest of Borrower shall not operate to release, in any manner, tl~e liability of the original Rorrower ancl Borro~rer's succecsorc in interc~t. 1.ender ,chall not be required to com~nence proceedings against sucl~ successor or refuse to eatencl time for payment or othen~ise modify nmortisation of the sums secured by this ~tortgagc hy reason of ~n~• ~lemand u»de b~ thc oriRinal Borro~ver and Borrower's successors in interest. 11. Forbearance by I.ender Not a Wcriver. Any forbearnnce Uv I.ender in exercisin~ any right or remedy hereunder, or otherwise afforded hy npplicable ln«•, shall not l~c n~v~iver oi or ~~recludc the exercise oi uny right or remedy hereunder. Tl~e procurement of insurance or tl~e ~~a~ ment oi t:~xes or other liens or churges by I.ender shalt not be a~vaiver of Lender's right. to uccelernte the mnturitv ot tl~e indeUtednc_~ secumd by this \'Iortgage. 12. Remedies Cumulative. All remedies provided in this \iortgage nre distinct nnd cumulative to any other right or remed)~ under this \iortgage or aaorde~ i>~• la~~ or c~uity. and ma~~ i?e exercised concurrently, independ- ently or successively. 13. Successoss and Assigns Bownd: Joint and Several Liability: Captions. Ti~c co~•enants anci agreements herein contAined shall bind, and the rights hereimder ~h~il inum to. thc respectivc succe~ors and ncsigns of I.ender and Borro~ver, suUject to the pm~~ision~ of ~~aragrapli l7 licmof. ~11 co~•enantc and a~recments of Borro~ver shall be joint and several. The captions ~nd headings of the ~~i~ragr.i~?h~ of thi~ \iort~age are for con~•enience only and are nat to be used to interpret or definc thc pro~ isions hercof. 14. Notice. Any notice to Borrower pro~ ideci tor in thi~ \I~rtga~c~ ~l~al1 1~c ~i~•en bv mailin~ such notice b~ certi6ed ~uail addressed to Borro~ver at the Propert~~ ~ddre~s ~tate~i i~clo~~. exce~~t for an~ notice required under paragraph 18 hereof to be gi~en to Borro~•er in thc manner ~~rescribed br applicable la~. ~ny notice provideci _ for in this ~[ortgage shall be deemeci to ha~•e been giren to Borm~~~er ~rl~en gi~~en in the u~anner d~ignateci herein. 15. Uniform Mortqaqe; Govezaing I.mA: Severability. This form of mortgage combines uniform .co~~enants for nationai use and non-uniform covenants ~vith limiteci ~•ariations b~ jurisdiction to constitute a uniform secu- rity instrwnent covering real pmperty. This ~iortgage shull 1>e governed by the lan of the jurisciiction in which the Property is located. In the event that any provision or clause of this ~Zortgage or the \Tote conflicts with upplicable law, such conflict shall not af~fect other pro~'ision~ of thi~ ~io~tgage or the Note which can be given effect ~vithout the conflicting ~~rovision, and to this end the ~~rorisions of the ~tortgage and the Note are declared ` to be severable. i 16. Borrower's CopY• Borro«er shall bc furnished a conforn~ed cop~• of this \~Iortgage at the time of execu- ~ tion or after recordation hereof. - 17. ?ransfer o! fhe Property: Assumption. If all or an~ ~~art of thc Property or an interest t,herein is sold or transferred by Borrower ~vithout Lender'~ prior ritten consent, excluding (al tl~e creation of a lien or encum- brance sui~ordinate to this ~tortguge, (b1 tl~e creation of a purcLa~c n~oneti securit~• intere~t. far household appli- ances, (c) a transfer by devise, descent or b~ operation of l~~c u~~on ti?c death of a joint tenant or idl the grant of any leasehold interest ot three years or Iess not contAining an option to purchase, I.ender n~a~•. at I.ender's option, declare all the sun~.c secured l~y this \iortgage to l~e imu~eciiatcl~- ~luc and ~~ayable. I.ender shsll have ~~ai~•ed such option to accelernte if. prior to the sale or transfer, Lendcr a~?d !he per.-on to nhom tLc Propert~ i~ to Ue sold or transferred reach agreement in n riting that the crec~it oi sucl~ ~~e~on is ~atisfactorS to I.endcr and that thc interest payable on the sums secured Uy this ~tortgage shall be st ~uch rute as I.ender shall request. If I.ender has ai~~ecl the option to ~tccelerate provided in this paragrapL 17 and if I3orro~~~er'~ succec~or in interest ha~ executc~cl a~ti~rit- ten sssumpf,ion agreement accepteci in ~vriting hy 1.ender. I.ender shall rclease Borrower fron~ all obligations under this 14tortgage and the Note. If I.ender exercises such option to accelerate. I.ender shall ~uail Borro~i•er iiotice ot acceleration in accordancc ~vith ~~uragraph 14 hereof. Such notice shall pro~•ide a?~criat of not Ic~s than 30 riz~•~ from the date the notice is mailed ~~ifhin ~vhich Borrower may pav the svms declarecl duc. If Borro«•er fails to ~~ay ~uch sums prior to the expiration of such period, Lender may, ~~ithout ft~rthe~• noticc or ~Ieman~ on BorroK•er, im•oke an~~ remedies per- ~ mitted by ParagraPl~ 18 hereof_ • ~ ~O\-ITNiIFORDi ~'ovFx~~n. Rori•o~~er and Len~ler furtl~ei• co~-~nant and agree a~ follo~c~: ~ ~ 18. Acceleration; Remedies. Except a~ ~?ro~-idecl in ~~aragrKpl~ 17 hereof. ~q~on F3orm~ser'~ hrcacl? of a?~~- r.z co~•enant or agreement of BormH•er in thi~ ~Iort~age, ineluding the co~enant~ to pa< then duc anp sums seeured ~ by this ~Iortgage, I.ender prior to accelcration sLall mail notice to Borro~•er as pro~'ideci in puragraph 14 hereot specifying: (1) tl~e breach; 12) the action requireri to cure ~uch breach: i31 n date, not less than thirt~ da}s from the date tl?e notice is mailc~l to Borrowcr. Ir~ «hich suel~ bmaci~ ~uust be cureci; and 141 that fsilure to cure such bmach on or betore the datespecifiecl in the notice ~na~ result in acccleration ot the ~u~ns secured by this ~lortgage and s:~le of the Yroperty. If the hreach is not curecl on or l~efo~r thc ~iate ~~~ecifieci in the notice, I.ender at I.ender's opt.ion mat declare all of the ~mu~ securect b}• this ~Iort~xge to lm imu~ecliatel~ due anci pa~able ~vithout f~rther den~.in~i and ma~ fomclo~e thi~ ~tortgafic 1?~ ju~ii~ial ~?roccc~lin~. I.en~ler ~l~:~lf 1?c cntitled to collect in such prceeed- ing all ex~~enses of foreclosure, inch~ding. Inu not liwitcd to, re<<<onable zttorne~•'~ fees. :~nd costs of docutnentar~ evidence, abst•racts and title re~~otts. ~ ~ ; n ~ ~S PAGE ~,.LV ~ , - - _ _ . _ _ _ A~,. ~f ~~.,~~..~~"~"'~'u