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Home My WebLink About1639 ~ t 8. Iuapection. I.endcr ~nay n?ukc or ~:ut~c to IK~ uiu~l~~ r~~u,unaLl~•.•utrien u~wu und ius~?~ctious of thc Prop- crty, pmvi~led tlu?t I.ander ~hall ~;ive 13orro~~•cr uotic~• ~a•ior to ,iu~~ ~uel~ i~~~?ection .~?ecitCing ret~sonable cause therefor related to I.encier's intemst in tl~e Propcrty. ~ 8. Coademnation. The proceeds of any a~~sttrl o~• ~•Inin~ for dn~r~ag~, direct or consequential, in connection with any conden~uution or oti?er taking o[ the Nro~~crt.y, or ~?:?rt tlicrcof, or for con~•eyi?ncc in lieu of conden~na- tion, arc: hereby assigne~l and shall l~e paid to i.endcr. In the event of a total tuking of the PropeNy, tlic ~irocc~yi~ ~hall ix~:?p~?lic~l to the .uu~s Secu~r.~cl I~t this ~4ort- gage~ ~vith tl~e excess, it anv, paid to Borro~eer. In tl?c event of ~uirtial taking of the Yro~~crt•~•, ~uiless Borrower and Lender otl~envisc ngrce in ~~riting. tIl@1'C SIIiiII IM Aj1~)IICYI tA ~I1C ~uin~ s~~urcri hy this \iort~ugc such propor- tion of the proceecis us is equat to that proportio» ~rLiel? tlie :uiiuunt oi the ~uius :~eeureci by this ~tortgage imme- diately prior to the datc of taking beat~ to tLc fnir wurket ~•alue oE the Yro~~crt.y imn~eciiately prior to the date of taking, with the balance of the ~~roceecls ~?aid to 13orroHer. If the Pm~~erty is abandoneci by Borro~~er or if :itter notice i?~• i.iuder to Aorro~ver that the couciemnor of!'ers to make an award or scttle a clnim for dmm~g~, Borro~~•cr fnils to respos~d to i.endcr within 30 days of the date of such notice, I.ender is authoriacd to eollect and up~~l~• tl~c p~~ccYl~ at I.endcr'~ oi~tion citl~er to restoration or repair of the Property or to the ~ums secureci hy tl~is \Iart~uRc. Unless I.ender und Borrower othernise agree in ~vriting, uny such application of proceeds to principul shall not extend or ~wstpone the due dt?tc of thc monthl~~ installntenis refcrrc~l to in pnr~gra~~l~s 1 and 2 hereof or change the Amount of such installments. 10. Boaower Not Released. Exkensiou oi the tin~c for ~?urment. or maiification of amortization of the sums secured by this \4ortgage grantecl bt~ T.endcr fo an~~ succecsor in interest of BRrro~ecr shall not opernte to release, in any n~anner, tl~e liabilit~ of the originnl Borro~~er and Borro~~•cr'4 succchsors in interest. T.ender shall not be requiteci to com~neuce proceeciings ngainst such succe~~or or refu~ to extend time for payment or othernise modify amortiaation of the sums secured bv this ~[ottgagc h~ re;tson of :u~~~ demanct ?undc b~• the original Borro~ver and Borrower's successors in interest. ~ 11. Forbearmnce by I.eader Not a Waiver. .1m~ forbearnnce b~ I.ender in exercisin~ anv right or remedy hereunder, or otherH ise aRorciecl b~ applicablc la~~ , sl~:?11 not !?c a~sniver oi or precludc the exercise oi any right ar remedy hereunder. Tl~e procuren~ent of insurnnce or the ~?a~ ment of tnxes or oth~r liens or chnrges by T.ender shall not l~c n wa~er o`,ender c right to accelernte the mnturity of tl~e indebtedness secureci b~• this \Zortgage. 12. Rem~dies Cumulative. All.remeciies providcYl iii thi~ \iort~age ~?re distinet ;?nd eumulative to any other right or ~~emed~~ uncler this \tortgage or afi'ordecl h~~ ln~~• or c~uih•, arnl n~n~ I~c exerciseci concurrc!ntly, independ- ently or succes~ively• - 13. Successors aad Assiqas Bound: Joiat amd Several Liability: Captions. The co~•euants and agreements herein containeci shall bind, and tl~c riqhts l~ercunder ~hail inure to. thc respectivc ~uccessors and acsigns of I.ender and Borro~~er. ~uhject to thc pm~•ision~ of ~~ara~i-~ph 17 hereof. :~ll co~•enAnt~ an~i aRmenicnts ot Borro~ver shall be joint and se~•eral. The captions and l~eadin~3 Of t11C ~1Y1'A~I:t~1I1~ of this ~[Oit~A~C 11'C f01' COi1~C111Ci1C@ ODIV R11(~ are not to be used to interpret or definc thc ~~ro~•isionc liereof. ' 1~. Notice. ~ny not.ice to Borm~~•er ~~ro~•idecl for in thi~ \Iort~a~~• ~I~all be ~i~•en b}• muilin~ sucl~ notice b~ ~ certifiecl utail a~ldre~ed to Borm~~er at thc Properi~ ~ddm~~ st~ic~l bclo~~•, c~ce~it for an~~ notice require~l under s?ar.~grnph 18 licreot to I~e giv~n to Borm~~•cr in the n~3nner ~~m~crilmci h~• .~pPlicablc •la~~-_ ~ny notice ~~rovide~ for in this \Iortgagc ~hall l~c deemecl to ha~•c bcen gi~~en to Borm~~-er ~~•hcn ~i~~cn in thc manner desi~nateci herein. 15. Unilorm Mortgage; Governing Law; Severability. Thi~ form of mortgaRc ~on~bines uniform co~~enants for nation~l use anci non-uniform co~•enant~ «itl~ limited ~ariation; h~• jurisdiction to constitute ~ uniform seeu- rity insttument covering real ~iropert~•. This ~Iortguge ~hall i~e ~o~~erned b}~ the la~v of the jurisdiction in ~vhich the Property is located. In thc c~ent that any ~~rovision o~• cl~use of this \iortgage or thc 1~'ote conflicts with ' applicuble law, such conflict shall not atfect other pmri~ionc of tl?i~ ~tortgage or the \ote ~vhich can be given ~ effect ~vithouG the conflicting ~iro~•ision, and to this end the ~~ro~•ision~ of the \Iortgagc and the Note are declared ~ to be severable. ~ ~ 16. Borrower's Copy. Borro«•er shall be furnishe~i a ~onforn~ed cop~ of this \•iortgage at the time of execu- ~ ~ tion or after recorclation hereof. ~ 17. ?rm~er of the Property; Assumption. If :III OI• am• ~~art ~f the Pmperty or an interest t.herein is sold ~ or tmnsferred by Borrower ~vithout ~.ender'~ prior written con~ent, excludin~ (al the creation ot a lien or encum- hrance~u~.r~~iinate to tl~i~ ~Iortgage. (1?1 the cmation of ~~urcha~c n~oner ~ecurit~• intere~t for household appli- ~ ~nCes,'jc1'a tiunsfer 1~~ devise, descent or b~ o~~cratiou oi la«• u~~on thc ~lcath oi a joint tenant or ldl the grant of ~ aAy leasehold ~'.'~rtcrest of thrce yca~ or Ic~< not ~•ontainiug :~n o~~tion to ~+ur~l~asc, T.ender ~ua~•. at T.ender'S option. ~ cieclare all the smn~ secureci b~ this ~iortgagc to I?c inm~ediatch- ~luc and na~ ablc. i.encter shall l~ave ~vnired such option to arcelet8te if. prior to the sale or transter. I.ender .iud tLc ~?eron to ~rhon~ tlie Yroperty is to be sold or tr~usferred re~ach agreement in «•riting tl~:~t tl?c crcYlit ot such ~~c~on i~ ~atisfactory to I.ender and that the interest payeible on ti;e ,ums securecl b~- this ~iortguge ~hail I,c at ~u~h rat~ a~ i.cnder ~hall re~ucst. If Lender has waived tAe bption ~ aceelerate providecl in t1?is ~~aragripli 17 an~l if I3orro~~•er'~ succc~sor in intem~t Las executeci a writ- t,eri assumption agreement accepteci in ~~ritin~ L~ I.ender, L~•n~icr ~lu~ll relea~e Borro~~er imn? a11 obligations under this ~'~ortgage and the Note. If I.ender exerci~e.s such o~~tion to acceleratc. i.ender shall ~uail Borro~~•cr noticc of ucceleration in accordance ~ ~eith puragra~il? 14 hereof. Such noticc ~I~all ~?roride :i ~?erial of not Ic_~ t{~3n 30 ~i3~•~ from the date the notice is mailed ~~ithin ~~hich Borro~~er n~a~ ~?a}~ the sums declare~l ~hir_ If Borro~cer fail~ to ~~a~ ~uch ~uu~~ prior to the ~ ~xpiration of such pcrial, l.ender ~na~, ~~•ithout inrfher notir~• or ~Icn~arnl on I3orro«•~r. invokc :~n~• remedies per- ~ mitted by paragraph 18 hereof. ~ \o.r-t'xiFOSa~ ('~?vr:~.~~T,. ii~~i•rc?~~~er.~nd L~~n~lc~r fiirth~~r e~~~•~m.u~t .uid a;;ree follo~~•~: ~ 18. Acceleration; Remedies. (•;xce~it ~?ro~•idc~l in ~r,n•a~;r:t~?1? 17 I~ereai. uj~on I3orro~~~er'~ hmach of ~ co~•e:~ant or a~ree~nent of Borro~~er in thi~ \tort~:?~e. in~lu~lin~ thc~ ~•o~•~~natnt~ to ~i~~• ~~-hen ilue am• ~ums seeureci ~ b~ this ~tortgage, I.ender ~rrior to ucccieration ~l~al1 maii notice to Borrow~er a~ ~~ro~•idc~l in ~iuragraph 14 l~ereot ~ ~ >~?eci[~~ing: I11 tl?c breach: 12) tlic action rc~~uinr~l to cum•u~h I~r~~~;ch: ~3i s~late. not le~: than thirt~- ~lay~ from the ~latc thc noticc i~ ~nailc~t to BariYn~•e~•, in• ~~•hicli .u~•I? hrr.~rh u~u~t I~c c~n•~tii; an~l ~4? ti~at failum to cure such ~ bmacl~ on or beforc ihc ~I:~tc ~pecific~l in tt~c notice n?s}- rc~~ult in a~+•c•1~•ration of ti?c su~n. seciircc{ I?}• thi~ ~tortgagc ~ :?nd ~:~Ic of tl~e Ympert~•. If the 1?rcach i~ not ~ureyl on or Ix~fm•~• tl~c ~Int~• ~~xci6e~1 in the notiec. Len~ler at T,ender's ~ o~?tion ma~• ~Iccl:im al! of thc ~uro~ ~ecurcYl I?~• thi~ \Io~T~;agc to h~ in~iu~~li.itch• ~iue and ~ia~abte ~sitl?out further ' deroand and n~:t~• fomclcrne this ~Iortg:z~~ l~y ju~liciaal ~rro~~~•~~finfi L~•n~ler ,lial) l~c e~ltif~ecl to collect in utch ~iroceecl- ~ ing all c~~?en•es of foreclosurc, inclu~iinfi, I?ut not limit~41 to. rca~ouahlr attorneti~'c fee~, :uul ~osts of doc~~mentar~• ~ ~ evicience, abstract~ :?n~i titlc m~?ort_~. _ } ~00~232 PAGE16~ ~ U ~pg$ : a _ - - ~ ' 3 - - ~ ~ ~ . ~ ~ ~ _.,~,u fi';~ , v