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Home My WebLink About2364 . { 8. Inspoction. l.cnder ~un~• ~ni~ke or ruu~c to IK• miute reu~uu:~l?le ~•ntrirs upon :~nd iu;~~ctions oi the Yrop- ~ erty, l~ro~~ided tlii~t I.ender ~I?ull give 13orro~rcr noti~~• ~tir~or to un~ ~u~t> >nslx.~ctiou s~?ccifving teasonable cause ~ therefor related to I.ender's intemst in tl~e Yroperty. ~ 8. Condemnation. The procec~ls of nny t«vant or elnin~ for ~Inmagea, direct or consequential, in connection with :?ny condemnation or other tuking o[ the Yro~x~rty, or ~~art tl?crcof, or for com•eyance in licu of condemna- tion, are hereby a~~iqned anci shall I~e paid to i~en~ler. In the event~ of a total taking of the Pm~~ertp, the procc~vl~ ~L:tll I?e up~~lied to thc sunu sce~~re~i b~• this \lort- gage, ~~ith the exce~s~ if any, paid to Borro~ver. In thc event of n ~?artial tnking a( the Pro~x~rt~, unless Bormwer :~nd Lendcr othen~ ise agrec in «•riting, them si~nil IK• appliecl to the •un~~ secured h~ this ~lortgugc sach propor- tion ot the proceeds as is equal to thut~ proportiou ~~hicl~ tl~c ~wount oi the sums secured by this \iort~gage itnme- diately prior to tl~e datc oi taking l,en~ to tl~c taii• ~uarkct ~•itlue ~f tlic Yro{?ert•~ in~mc~iutely prior to the date of taking, with the balance of the proceeds ~?nid to Borro~~er. " If the Pro~~erty is ubAncioned by Borro~~er or if atter notice 1~~ I.ender to Borro~ver that the condewnor offers to make an a~vArd or settle a claim for dan~ages, Rorro~~cr fails to res~iond to I.ender «ithin 30 ~lays of the date of sueh notiee, I.ender is authorizeci to eolleet and ap~~l~• thc ~u-a•i~l~ at I.encler ~ aption either to restoration or repair of the Property or to thc ~un~.s securecl b~ tl~is \(ort~n~c. Unle~ I.ender and Borro~rer othenvise agree in ~vriting, an~~ sucl~ application of proceecls to principal shall not extend or ~wstpone the due dAte oi thc ~nonthlv inst111ments referrect to in parugruphs 1 And 2 hereof ot change the ssmount. of such installments. 1Q. Borrower Not Heleased. I~'~ctension oi thc tin~e for ~?ay~?icnt or malificntiou of :~mortization ot the sums secuced by this \iortguge grnnteci b~ I.ender to ~?n~• ~uccc~sor in inicrest oi Borro~vcr sl?all not operntc to release, ia any mnnner, tlie liobility of the otiginal I3orro«er and Bor~~o~cer ~ successor~ in interest. i.ender shall not be requit+eci to commeuce procec~lings ngainst such successor or refusc to extend time for ~~a~ment. or othernise modify amortisation of the sums secut~ed bt• this \(ortgngc h~• muson of :ui~ ~temnnd roadc h~- thc original Borrower and Borrower's successors in interest. . 11. Forbearance by Lender Not a Waiver. :1n~ forl~carnnce b~• 1.ender in exercising Any right or remedy hereunder, or othernrise aSordeci bv applicablc ln~r. shall not 1?c ~~:?i~ cr of or preclude the exercise of Any right or remecly hereunder. Thc procurement of insurancc or tl?c pa~ went of t~x~ or othcr liens or charges by I.ender shull not Ue a naiver of I.ender's right to accelerntc tl~e ~naturity of the indebtedne~. ~ecumd l~v this ~iortgage. ~ 12. Remedies Cumulative. All rnmeciies pro~ ide~l in this \iortgage are distinct and cumulati~ e to any other right or mmeci~ un~ler thi~ \Iortgage or aPFonle~l h~• la~~ o~; equit~ , an~l m:?~ I~c exerci~eci concurrently, independ- ently or succes~ively. 13. Successors mnd Assiqas Beund; Joint emd Several Liability: Captions. The corenants and ugreemen~~ herein containeci shall bind, and tl~e rights hereun~ier ~hall inurc to. thc re~pectivc ~~~ccecors and n.csigns of Lender and Rorroicer, si~hject to the pro~~ision~ of ~iara~~:?~~I~ 1? hercwf. :1U ro~•enant~ and agreements ot Borro~ver shall - be joint and se~•ernl. Thc rnptim~~ :u~d 1?e:tdin~s ot thc p:u-agi:~~~h~ o[ thi~ \fort~a~e nre tor con~enience onlv and are not to be used to interpret or de6nc the ~~ro~•ision~ i~emof. 1!. Notice. Any notice to Borroner ~im~•ideri tor in thi~ \lort~uge ~hall l~e gi~•en U~ ~nuilin~ sucl~ notice b~ certified ~uail .~ddres..~ed to Borro~rer at the Proper~~• ~~ldre~~ ~tRfMI ~1CIOti . exce~~t for an~• notice required under ~r.ir:~gr.iph ]8 1?ereof to i~c ~i~•en ta Borro~~•er in thc ~uanncr ~?rc~crilx~l h~- xpPlicable la«_ ~n~• notice provided forin thk ~[ortgage ~l~all i~e deeuiMl to ha~•e I~cen ~i~'en tu Borm~~'cr ~~Len ~iven in th~ ~tinnner ~i~i~nateci herein. 15. IInitorm Mortgage; Governiag Law: Severability. 'Chi~ fonn of u~ortga~c combinc~ uniforn~ co~•enants ior national i~se and non-uniforni co~enant~ ~~ith limitc~ci ~•:~riatiou~ L~ l~zri~iction to constitute a uniform secu- rity instrument covering real pro~ierty. This \iortgage sl~all i?e governed i~~ the la~ of thc ji~risciiction in ~vhich the Yro~~erty is locateci. In the event tl~st an~ pro~•ision or clau~c of this \iortgage or the \Tote conflicts ~vith appiic,~tble lan, such conflict shall not. 1f~'ect other pro~•ision~ oi thi- \Iortgage or-the ?~otc which can be given t ~ cfiect ~~ithout the conflicting ~~ro~~ision, anc! to this cnci the ~~ro~-i~iom of thc ~[ortgagc :ind thc 1~'ote are declared ' i to be severable_ ~ 16. Borrower s Copy. Borro~~'er sl?all be furnisl~e~1 ~onfo?~ucci cop~ of this ~lortgage at the time of execu- tion or sfter recordation l~ereof. 17. Transfer of fhe Property; Assumption. If all or an~• ~?arl oi tl~c Property or an interest therein is sold or transferred b~~ Borm~ver ~~ithout I.ender'~ ~srior ~~•rittcu ~•onsent, cxcluding isl ti~e crestion of a lien or encum- ~ brance ~uf?onlinate to thi~ \Iortgage. ib? the ~~matiou of a ~~~EreLase n~one~• ~ecurit}~ interest for leousehold appli- :u~c~, fci a transfer 1?~- de~•ise.•ie~cent or b~ o~x•~:3tion of la~~- u~wn thc ~lcat{r of a joint tcnant or (d1 the grnnt of ~ an} leasehold intere~t of thrcc ~~ear~ or lc:~ not rontaining an o~?tiuu to i~iu•cha~c. I.ender n~af. at Lender's option, - declare all the suin~ ~ecuted b~• this ~tortgage to h~ i~uux{liatcl~- ~h~~ :~n~i ~~a~•ahle. I.ender ~h:~l{ ha~•e ~snii-ed such option to accelerate if. ~?rior to the ~ale or tr~nsler. Lcudei• au~l tl~e ~~eron to ~~•hom the Pro~~ert~ is to be sold or transferrecl reacl~ agrecmenf in ritiug fLat tl~c crc~lit ot ~uch ~?~r~on i~ ~~ti~facton to I.ender and that the interest payable on the ~mns ~ecurecl b~ this ~fortg.?gc ~I?:ill 1?c :it ~urh rate a~ I.cnder sha[l reques[. If I.ender l~us ~vai~~ed the option to :~c~elerate pro~•ided iu tl~is ~?arag~apl? 17 an~l ii Burm~rer z se~cce~or in intereLt Las executed a writ- ten ~sumption ~agree~uent accc~?te~l in ~rritin~ 1?r I.ender. I.cmicr ~liall relea~c Borro~rcr from all obligations under this ~Tortgagc and tl~c Note. If I.ender exerci~es such o~?tion to acceler.it~. I.ender ~hall ~uail Iiorro~cer notice of aeceleration in uccordanee ~vith ~?,~ragrapl~ l4 hemof. ~uch nofic~~ ~f~:ill ~~m~'i~ic Ix~ria~ oi not 1~•~~ than 30 ~im~ frou~ thc date ihe not~ice is mailed ~~'ithin ~cl~ieh Borron-er n~a}' pa~• tl~e swu~ cleelarcvl ~la~•- I1 liorro~~•er fail~ to ~?a~ ~ueh sum~ prior to the capiration of ~uch perio~l, Len~ler iua~'. ~~'ithout f~~rtlu•r noti~•~~ or ~le~nan~i ou Borro~~•er, in~•oke ~iu~ ren~~ies ~?er- mitted by paragraph 18 hereof_ \o~-L~XIFOftJi ~'~?~'r;x.~~•r~. ii~?rro~ccr .uui Le~~~l~~r ttn•th~~r eu~-~•n~~ut at~d arrec~ .t~ !'c~llow•s : ` 18. Acceleration: Remedies. I~.xce~~t :t~ ~?ro~•i~l~vl in ~?,?ra~r:~~?Ir 17 I?ereof. u~wn Borro~~~~r'~ bm:.ch of :?~n cocenant or:i~r~~e~~ucnt of Borro~~-c•r iu tl~i~ \(ort#;a~;c. in~lu~lin~; tli~• ~•o~•cnant~ to ~?a~• ~~-l~en ~1uc :?m' ~m?t. secured b~ tl~is ~(ortgagc. I.cn~lcr ~?rior to accclcration ~l?all ~uail nMi~~e to Borr~nrcr :i~ ~~ro~•idc~l in ~~a~gra{~h 14 hcieof :~~ecii~•in~;: 1.1 I thc hrcxcl~; (21 tlic action iYr~uir~~il to eur~• ~u~•h I~r~~ach: ;3~ a~late. not 1~~:: th:u? tl~im• ~l.~ys trom thc ~latc tl?c: noticc i: u~ail~y! to I3on~?~~c•r. 1?~• ~~•Lirli ~xu•li !n•~:u~li inlrt la• cure~l: an~l 141 that failurc• tri cum such Lmacl~ on or 1~cfom thc• ~tat~• ~~~cci6ctl in tlie notir~~ ma~- rr~iilt in :u•~•~~Icration ot thc ~un~~ ~curc~l b~ tl~is \lottgagc :?uii ralc of tLe Yro~?ert~•. If tl?c hrca~(i i~ not ci~nYl on or ~K~fore~ tli~• ~Istr ~~x~~iti~y) in tlu• noticc. I.en~ler at I.ender'~ o~~tion iua~• rlrel:irc all of thc ~iuu~ ~c~urcd I~}- thi~ ~tort~;xg~ to Im imn~~Ytiateh ~tuc :u?il ~?a~•:ibtc ~~itl~o~rt furthcr dem:?n~i anri ~iia~• fomclcr. c this ~tort~;.?~;~• f~}• j~~~li~i:ii ~?~Y~r~~iylin~. Ia~n~ler ^h.?ll !~c cmtitlitil to ~oll~~ct in .t~~h ~~roccecl- iug all c•~~K~~e>~K of foreclo:urc. incluciinr. hut not lin~it~•~i tu. r~~a~ouald~• :ittoru~~~-~~ fe~~~, :~n~l ~o~ts of docutuentan' c~•i~lencc, ab~tract~ :in~l titlt• re~~ort~- ~ • 800K ~ PM6E ~ ~ ~,~=;:~4-~,, M - ~ ~~,~~~=Y- ~ ~ , , - r ~ ~ ~ ^-;f~ ~ --n ~ _ ~