The URL can be used to link to this page

Home My WebLink About0303 8. Inspoction. l.cv?dcr ~i+u~ ~uuk~ ur ~•:?u,c tu IN• n~:~~i~• ~~•:?,~,u~~irl~• ~~nu~~r, u~?un :u~~l iu.~kctic,us of thc Yro~~- ~'~y, t~~~•i~icd thut l.~mlcr ~liull ~;i~•c Borro~~•er i?oti~•~• {~riw• tu auy ~u~•6 im~x~~t~on ~~~~•.•iiyiuK m:~:unablc rausc therofcr relat.~d to l.cn~ter'ti intetrs!•u~ thc Yro~:crt~•. 9. Coademnalion. Thc praccds of :u~y :~~~nnt o~ ~•I~iiw lor d:uuat;r,. ~limct ur conscc~ucntial, in conncction ~~•ith anv co~~deu~nnti~n ur other tuki:~g of tl~e Yro~~er1~, ur ~~art ther~~f, or for con~•cy:?n~•c !n lieu o( ro~~demuu- tion, are heteby tiS.~l~IlP1I tllill >II:III I1C ~)Al(~ ~O ~.en~lcr. In the e~~ent of totnl t~ikiag ot tl?e Yro{~ert~•. tlie ~?roc~~~l• ~I~:~II 1?r :~~?1?ti~~cl to tl~e ~uuis ~~~~urcyl liy thi~ llort- gage~ ~~•ith the excess, ii :~n~, ~?ni~i to Borma•er. Iii thc c~~cut oi ~~~rti:~l takin~ of thc Yro{Krt~. unlecc 13orro~ver and I.ender other~~•ise ugree in ~~ritin~, them •L:~II 1~~• :?~?~?lic~i to 11«~ ~uu:~ ~cc:~n:i h~ tt?i~ \Iort~;uKe :uch pro~~or- tion ot the procee~s :~s is equul to tl~at ~iro~wrtion ~~•hich ilic amount tlic siuus •ec~;rc~ci 1?~• thiF \Iortga~e imnte- ~ diately prior to tlie dntc of tnkin~ 1?ea~ to the f:~ir iuark~~t ~:~lui~ of the~ t'ro{~ert~ imnuyiiatelt• pr;or to the dnte of taking, with the balnnce ot thc ~~roceeds ~:~i~i to I3orro~rer. f If the YropeMy is nl?nndoned b}~ I3orro~~er or if stte~• noti~•~• Lender to Borro~~•er tl~ut the conci~rouor otl'er to mnke n~~ a~~nrd or settle n clnim for ~lamages, Tionn~~•cr fails to m~~so~eci to l.endcr ~vithin 30 da~s of the date of sueh notice, I.ender is :tutlioria~~ci tu collect :u~d a~?~~h• :lie ~?i~c~•~rh at I.ender'~ oi~tion ~itlrer tu restoration or repair of the Property or to the <~i~i~.s ,cMurc.i 1~~ this \lort~;;?~;c. tJnlca, I.ender Rnd Rorro~ver otl?envisc agcee in ~triting, nn~• si~c!? Application of proceccis to priucipal sl~all uot extend or postponc the due dute ot the m~nthlv instnllmenis re;crrc~l to in ~~ar:?~rnpi~s 1 nt~d 2 hereoi or chnnge the :tmom~t of such installments. ~ - 10. Borrower Not Released. l~xtension of the tiiue ior ~~:~~~u~cnt or maiification of :iroortizntioi~ o[ thc sums secured by this liortgagc grnnted I~ti' T.ender to nu~ ~urcc~or in intemst of Borro~+•er ~hnll not ol~ernte to releasc, in nny manner, thc linbilit~ of thc origin~l I3orro~~•cr amt Bor~~~~cr~ succc.von in interest. i.ender shall not be ; required to commencc pmececiing~ against~ ~ucl~ succGC~or or rcii~se io ectend timc tor pn~ ment or othenvise modifv ~ :1I110TtlEAt1011 OI ~IIC SUil1S SCCIITC(I h~• this \Tortgagc b~ rcason oi :u~t• ~lc~na~id ~n~idc h~• thc original Borroe•er and ~ Borrower's successors ir. interest.. ~ . 11. Forbearance by Lender Not a Wariver. :1u~ forbeara~mc b~~ I.ender in exercisiu~ any riRht or remedy ; 1?ereunder, or ot.hern isc aPf~rcleci b~ spplicaUle la~~ , shall not lu~ :i ai~ er of or prec~ude the ~xsrcise of any right ' or remecly hereunder. Tlie procurement ot insurnnce or tli~ paynieuf of ts~~ or other licus or cht?rges by i.ender f shall not be a ~rr:ii~•er o[ I.ender'~ right. to ncceler.ite thc maturit~ of t':~e indeUtednes.~ secureci Ify this \'Iortgage. ~ 12. Remedies Cumulative. :~lt mmecii~~ pmvidc~l in ti~is \iort~a~c ate ~listinct and rum~~inti~~e to nnv other right or mmecll' under this 1lortgage or af~onie+l h~• lz~~ or ~~uit~ ,.u~~l ma~• b~• excrcisc~l concurrentl~ , independ- f entiy or succe~ively ; 13. Successors cmd Assigns Bound: Joint nnd Several Liability; Captions. Thc corenant~ and agreements ~ iierein rontuinecl shall bind, and ti~c ri~hts 1?em~u?dcr ~~13I~ 1O11M t0. tj1C tC5~1CCf1YP ~uccc.~or cu~d a~~igns of I.ender ~ :?n~l 13erro~~•cr, ~uhject to tl:c ~~ro~°i~ion. of ~~ar~grnph i? hemof. :~11 co~~ennnt~ an~l a~;recments of Borro~~er shsll j - be joint and ~e~•ernl. Thc ca~~tion~ nnd I~eadin~s of thc ~~ar~gr~~~~h~ of tLi~ \tort~:~gc are for ~•om•enience only and ; t ;~re not to be useci to intcrpret ar definc thc ~~m~•isiun~ hercof. { 14. Notice. Am notice to Rorro~er ~~ro~ided ior in thi~ ~lor:Ku~~• ~hull 1?e gi~en b~ mailing such notice by ~ certifieci ~uail a:1~1~~seci to Borro~cer at thr. P:opert~ :~~idre~~ ~t:?tc~l 1x~lo~~-. exSe~~t for :in~• notice requit~ed under ~ ~?,~r,igraph 18 1?ereof to t~e gi~•~n to Borm~~•er in the iu:~uncr ~?rr~crit?c~i h~• ,~p)ilicable la~~. ~ny notice provid~__~_ __z ~ Cor in this \tortgage si~al! l~e clee~nc~l to 1?a~•e I~een ~i~~en to I3orm.~-er ~~I~en ~iren in tl~e m.mner designaf ~erein. ~ 15. Unifarm Mortgage; Governinq Law: Severability. 'fhi~ forn~ of niortgage combin~s uniform co~•er~ants for nationnl use anct non-imiforn~ co~~enants «ith lin~ited ~~ariations b~ jurisciiction to constitute a unifotm secu- rity instnunent covering rea) ~~rupertv. Thi~ ~[ortgagc ~I~~!I 1?c govcrneci bv the la~z of thc jurisdiction in which the Property is loc~teci. In thc e~•ent tliat :eu~• pro~ision or clause of this ~iortgage or tl~e \nte conflicts with applicuble lan, such conflict ~hall n~[ affect other ~~m~•i~iou~ oi thi~ ~[o~-t~agc or fhc \Tote ~~hich can bc given efTect. ~cithout the conflicting ~~ro~•ision. a~nd to tl:is en~i the pm~'i~ion~ of the \Iortgage :ind the \ote a*e declared to be severable. - ' 16. Borrowsi s Copy. Rorro~+cr ~l~all ix~ furni~l?~Y! a cm~torn~ed cop}- of this \Iortgagc at the time of exec~i- iion or after recorclation hereot_ 17. Trm~sfer of the Property; Assumption. If ail or an~• ~?art of tl~c Pmperty or an interest t.herein is sold or trnnsferred Botroner «ithout I.ender'~ prior ~~~ritten con~ent, ex~h~d'.r~g (al the creation of a lien or encum=• btauce ~ul?ordinate to this ~Iortgagc, 1b1 the ctration of a ~n~rcFia~~ woner ~ecuritt• inter~~t for household sppli- :?nc~, Icl s transfer 1>~ ~le~~ise. descent or br o~~c~.?tion oi la~~- u~?on tl?r~leath ~f .i joint tenant or (dl the ~rant of an}• leasehold intcrest ot tt~rec ~can or lc:.~ not ~ontaiuin~ an o~?tior to purcha~c. I.cn~ler ma~. at T.ender's option, declare ail tiie suu~~ ~ecured h~• tl?i~ ~[ortgage to iK~ iwnx~ciiatcl~- ~iue :ind ~r;~ a~f~le. t.e~~uer sh:~ii ~iave ~vaired such option to acceler.?te if. prior to tlie ~ale or tran~ter. I.en~ier :ui~i the ~~er~o~ to ~~ho~u the Propert.~ is to be sold or fransferreci mach agrc~ement in «riting tl~at tl?c cre~lit oi .~ucl? ~?er~on i~ <atisiacton te I.cndcr and that thc interest paynble on the ~ums ~ccured b~• thi~ \Iortgagc ~hall l,c at ~uch r~t~ a~ Lendcr ~leall rc~uest. Ii I.en~ier has ~vaived ~ ihe option to accelerate ~~roviciMl in this paragra~~l? 17 an~! ~f i3orn,~~•cr'~ s~icce~or in intere~t Las executed a writ.- ; : ten assumption agreerocnt accepied in «ritin~ 1?~ I.ender. I.e•niicr ~h:?ll r.leASC BorroK•er fram all obligations under i this \ioytgage and thc ~Totc. If T.ender exercises such option to :tcccler.it~•. I.ender sLall ~uail Borro«•cr notice of acceleration in ~tecordanee ~citl~_~?:ira~ra~ih 14 hercof. ~ucli notice ~l~ail ~?ro~•i~l~• a ~~erial uf not le~~ tl~an 30 ~la~~ from the date the notice is i n~ailed ~~~ithin ~~-hicL Rorro~~•cr wa~ ~~a}' the ~unr.- dec~arcVi ~lu~•. If I3orro~~er fail~ to ~?a~ such ~um~ prior to the rxpiration of ~uch ~~cricxi, 1.endcr ~na}•. ~~•ithout furtl~rr noti~•e or ~leman:l on Borro«cr. in~•oke ~in~• remeciies per- initted by ~~amgrnph 18 heteof. \o~-t'a~r•oxai CortraxT.. Rorro~~•er:~nd Lru~lrr f~n•ther ~:o~~~~nant and a~;ree a~ folloHS: 18. Acceleration; Remedies. t:xce~~t a~ ~~ro.~i~l~yl i:~ ~?:ir,?~;r.t~~li 17 hereof. ~q?on Borro~.er'~ breach of an~ co~•enau~t or agreement of I3orro~~~er in this ~lort~?a~;e. iociu~li~r~; thc• ~u~•enant~ to pa}' ~~'1?rr? ~lue any sums secuted !,x this 1lurtgage, l.euder ~?rior to .icceler~tion ~hall ~ua:l notece to Borro~~er pro~•idcYl in paragraph 14 hereof s~~ecifying: I11 tl~c I,rc~ch; 12~ tl~c :ICtlUll iCY~lI1~MI t0 CUm ~ucli I,rcach: ~3i a~iatc. not le~.~ than thirt~ da}•s froni the ~iate tlie notice i~ tnailc~t to Borro~~•rr: f?~• ~~liich ~uch hn•.i~h mu~t Ix• curcxl; and 141 tl~ai failum to cure such brcach on or hefore the date .-y?ec~fie~t in the notice iua~• rc~ult in ac~•cleration of the ~uu~~ :~~~~~t t~y tt»S ~tortKage _ anc! ~alc oi the Yropert~. If the }?rcach i~ not cur~~c~ on or IK•fori the date ~~~c~ifieel in thc ijotice, I,ender at I,ender's option ma;• ~lecla?rc all of thc ~um~ ~ecured b~ thi~ ~Iort~;a~e fO ~M 11111111Y~1:i~C~~ due and ~?ayable Nitl~out further de~nand and ~nay foreclae this ilort~a~Ke i~~ judicial ~?rocc~lin~. L~•ndcr ~l~all l;e c~titled to collect in such ~rocceci- ing all rspenses o~ fo~.;clo~ure, includinK, hut not lin~itcYl !o, rea~onahlc attornc~'~ fcer-, ~nd cnsts of documentan evidence, abstra~t~ :~nd title mport~. ~ 231 P~ 303 ~ ~ = ~ ~ ~ ' - ~ . ~ I ~ _ .