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Home My WebLink About1220 8. IASpection. l.endcr t~~n} ~nak~: or ~•~1u~c to IK• u~u~lr r~~:wuu:?I,l~• ~•ntri.~• u~K,i? iuul ius~~rtions ul th~ Prop- crty~ ptovidecl thnt i.endcr ~ht?11 ~ivc 13orro~~•.~ i~oti~•~• ~?rior to ~u~• •u~l~ iu~~?c~•tioii ~~Nrcitying n:wouable causc therefor related to I.ender's intemst in tlic Yro~xH,v. 9. Condemaatioa. The proceecis of un~~ a?~~'anl or ~'I:um for ~1au~n~c~. direct or cousequential, in c~nneetion ~vith uny condemnation or other takiug oi tl~e Yro{xr1~•, ur ~?:~rl themof, or [or ~•onvcyanr.e in lieu of condemna- tion, are hereby as.~igne~l and s6n111?e pAid to i.~nder. In the e~•ent of a totnl tnking of the Pro{?erty. fl~c ~?roc~~tils ~hall lk• :~~q~licvl 1o the .u~n, secureil by this \tort- gage, ~vith the e~ccess, it :~ny, paid to Borrowcr. In tl~c c~•cnt oi p:?rtial taking of thc Ym~x•rty, unless Rorrower :ind Lender other~~ise agrec in ~~ritin~, thcre shall I~c a~q~li~~l to th~~ ~wn~ ~e~~urc~! hy this ~tortguge sucl~ pro{wr- tion of the proceeds us is equal to tl~at pro~~ortion ~~~hicl~ tl?e a~uuunt oi tl~c sums secui'ai hy this \tortgage imme- diately prior to tl?c dnte o[ taking I~ca~ to tl~c fair iuark~•t ~•alui• oi tlu~ ProE~crt~• iunnc~iiatel~ prior to the date oi takiug~ with the balancc ot thc procec~is ~?ni~l to Borro~~•cr. If the Pro{~ert} is abandonal by I3orro~~er or it atter iioticc 1~~• Lcnder to Rorro~~•cr that the condemnor oPfeia to raAke an A~vurd or settle n claim far ~lam~ges, Borron•cr iails to mspond to I.ender ~vithin 30 days of thc datc of such noticc, I.cnder is nuthorixecl to collect iu~d appl~~ thc ~~rocc~ls :it I.cnder ~ u{~tiw~ eit.ber to rc~torntion or repair of the Property or to the ~uuLS secureil by this \iorl~iiKc. Unless I.ender and Borro~~er othenvisc agree in ~~riting, any such Application of proceeds to principal shall not extend or ~~ostpo~ic ihe duc date of tl?c monthth inst.illn~ents refcrrcYi to in pa~~grnph~ 1 and 2 hercof or ehange the ainount of such installments. 10. Bo~rrower Not Released. Extension o[ the ti~ne fcr pa~~u~ent or ~naiificatiou of amortiaAtion of the sums secured by this \iortgage grnnted by I.ender to Any successor in intcrest ot Borro~~ cr shall not opcr:qtc to release. in any u~anner, the liability of the original I3orrower :ind Rorro~~er's successor.- in interest. I.ender shall not be requireci to commence proceeding~ :?gainst sucl? succ~vor or refum to extend timc for pnyment. or othernrise modify :imortisat~ion of the sums secureci by this \(ortg~~e 1?~ rnuson of an~ ~ie~nnnd ~nnde b~ the original Rorro~~er and Borrower's successors in interest. 11. Forbeaaance by Lender Not a Waiver. ~nr forbenrnnee bv I.ender in exercisin~ any right or remedy I~ereunder, or othern ise xt'forcied by spplicable In~~•. shall not. lx~ a«ai~ er ot or prechidc the execcise of Anv right or remedy liereunder. Thc {~rocurciuent af insur~ncc or the pa~ ment of taxes or othcr liens or charges by I,ender sh~ll not i~e a~v;ti~er of I~enderc right to accelcrnte the maturit~ of the indebtecinec, ~ecurecl by this ~tortgage. 12. Remedies Cumul~tive. All remedies providcrt in this ~tort~nge are distinct nnci cumulntive to any other right or remed~• urnler this \[ortgage or afiorcic~l h~• In~~ or ~~c~uitv. and ma~ bc exereisecl concurrently, independ- ently or successively. 13. Successors and Assigns Bouud: Joint and Several Liabi6ty: Captions. The co~'en:~nts und -ngreements I~erein contAinecl shAll Uind, and tl~e ri~h.s Lereunder ~hnll i~~am to, the r~~?ectivc succe:sors and ~csigns ot T.ender :tnc' Rorm«er, subject to the pm~•ision~ of ~r,irn~r.ipl? 17 hereof. :\II co~•cnants an+l n~recments of Borro~ver shall l~e jo~nt and ~e~•ernl. The c~t~tions and heading~ ot the ~~aragr.i~~h~ of thi~ \lort~nre are for con~•enience only and are not to be used to interpret~ or definc tl~c ~~mrisions I~crcof_ 14. Notice. Any notice to Borroner ~~ro~•idal tor in thi~ \lort~a~e ~lia~ll i?e gi~'en b~• n~ailing sucli notice br certifiecl mail addresseci to Borro~ver at the P-ropert~ :1~Idm.~ state~t i?elo~~•, cxcept far am- notice required under ~?:irtigrnph 18 hereof to be gircn to Borroncr in thc wanncr ~~mscribc~l i?}• applicable la~~~. 4m• notir.e provided iorin tl~is \Iortgagc ~h311 be deemerl to hn~•c hccn gi~•en to Borro~~cr ~~I~en gi~•en in the manner ~i~ign~ted herein. 15. Unifonn Morigage; Goveming Law: Severability. 'fhi~ forn~ of mortKa~e con~Uinec uniform co~'euunts tor national use and non-unitorn~ co~*enant~ ith limite~i ~-ari~tion~ b~ j!iris~iiction to constitute a tmiform secu- rity instrument covering teal ~?ropert~~. Thi~ ~[ort~Agc shall bc ~o~•erneci i~~• the la« of the jurisdiction in ~vhich the Property is located. In the c~~ent thAt an~ ~~ro~'ision or cl~use of this ~Iortgage or the ~Totc conflicts wit~h applicable la«•, sucl~ conflict ~h~il not afiect otl~er ~~m~'isian~ of ti~i~ \[o~tguge os th~ i~ote ~vhich can be given l efFect nithout the conflicting ~~ro~•ision, znd to this end the pm~'i~ions of the \iottgage and the Nute ure declared ~ to be severable. 16. Borrower's CopY. Borro«•er ~hail be furnishe~i a ~onfonucci co~~~• ot thi~ ~Iortgage at the t~ime of execu- tion or after recordation hereof_ 17. Traasfer of the Property: Assumption. If all or a~:r !?:1rt of tl~c Property or sn intem.st therein is sold or transferreci b~ Borrower ithout I.ender'~ prior rittcr. ~onsent. cxcludin~ (ttl the cmation of a lien or encum-' ~ brance sul~onlinate to tl~i~ ~Iortgage. tl?1 the cmation of a ~n:rcLa~c~ n~one~ ~ecurit~ interest for household appli- ~ ~ ~e::f }~+nnnl Qr i.~l fhe ~rnnt of JIICCS, IC) a iransier i~~ (ICVISt'. Ul';l'Ctll u~' u~` iiji~i:uiv~~ ~3? ~n.. iij::,:: u.• ~ an~ leaseholcl intem~t ot threc ~ean or Ic~~ not ~ontainiu~ an option to purcl~ase. T.ender n~a}. at I.ender's option, declare all the s~nn~ ~ceurecl 1?~• this ~Iort~age tu hc inniicdiatch- ~I~~c and p~~•ahle. i.en~ier shflll have wai~ed such .E eption to accelerate ii. prior to tl~e ~ale or tr:?n~icr. I.ender :tud ti~c ~?cr~on fo ~vliom t!~e Propert~ i~ to be sold or tmnsierreci reach agreement in ~~•riting tl~at the crc~iit of ~ucl~ ~?er~oi~ i~ ~ati~facton to i.ender and that the interest ~~ayable on the ~um~ ~ccureci by this \tortg~ge ~I~all bc at ~~ul~ rate :i~ I.cnder shalt request. If I.ender has ~vaived the opticn to acceler:?te ~~mvide~i ;n ti~is ~~aragr.?ph 17 ancl if I3orro~~•er'~ ~uccc:~or in interest has executed a writ- ien assutn~stion agreement accepteci in ~vriting b} I.cnde:. I.rn~icr ~I?all release Bormwer from ail obligations under this Mortgage and the ~Iote. If 1.ender exercises such option to acceler.ite. I.ender sicill ~nail I3o:ro~er notice of acceleration in aecorciance ~~•itli ~~aragraph 14 hereof. Such notic~ ~hall ~~ro.-iete a peria) oi not Ie~~ than 30 ~ln~~ trom the datc the notice is n?ailed ~~~ithin «hici? Barro«er ~ua~• pa} the sum~ declarecl clue_ If $orm~ver fails to pay ~ucl~ sum~ prior to the ex~~iration of such ~?eria1. T.en~ler mati•. ~~'ithoiit turth~r noti~c or ~le~uan~l on Rormn•er, invoke an}~ remedies per- mitted bv paragraph 18 hereof. ~ \ox-L!\IFIIKDI ~'ovt:v:~~T.. I;~~rr~?~~~rr.uul Le~n~ler f~n•thc~r ~~u~-~~u.iut an~l agree a~ follo~ts: I8. Acceleration; Remedies. I~:xcept a~ ~~ro~'iii~yl in l?,?r.~firxph 17 1?ercof. u~wn Borm~~er~ bmach of an~ co~-enant or agree~uent of Borm~~cr in tl~i~ \lortK:?~;e. including the co~-enant~ to ~?a~ ~+hen ciuc any sums secured by this ~Iortgage, I.ender prior to acceleration ~liall iuuil notice to I3orro~cer pro~•idecl in paragraph 14 hereof ~peci[ying: (11 the breach; (2) the actian n~c~uirc+l to cum s~ch brea~li: ~31 date. not lec: than thirty days fmm the datc tlm notice is maileci to Rorro~rcr. b~- ~~hich sucl~ bmacl? ~nust Irc curecl; and !41 that failum to cure such breach on or before the e13te s~~ecifiai in the notice mat msult in ac~eleration of the sum~ securc~cl by this ~Iortgage and sale of the Property. If the breach is not cure~t on or lmfore tl?c date .-yiccifieci in the notice, I,ender at I.ender's option ma~ ~ieclare all of the ~ums ~ecure~i b~• thi~ ~Iort~a~c to lre inime~iiately due and payable «ithout further deuiand and ~nay foreclasc thi~ ~IortRai~;c 1?y ju~ii~ial ~irocee~lin~. i.~~n~1cr sliall I~c cntitleci to coUect in such prceeed- ing all ex~?enses of forcclosore, inch~ding, hut not liuiitcyi to. reasonable attorney'~ tec~, :~nd co~ts of dceumentarS evidence, abstracts and titlc rci~ort~• goo~229 1219 - ~ h ~ .~~.~~K~ ? - W - '..::1 ~`'$5. '~i . . ~_e ~ .