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Home My WebLink About1926 8. Iaspoctiou. l.ender ~u~~ u~ake or cause to Ix• uuulr rea~uuubl~• enlri~~ u~~ou un~l ii~y~ctions ol the Prop- erty> pro~•icted th~t. I.ender sl~all gi~~e I3orro~~•er notic~~ ~~rior to an~ :ucl~ ins~x~ction ~~?ecii~•ing reasonable cause therefor related to Lender's interest in tl~c Propert•y. 9. Condemnation. The procceda of nny ani or cl~in~ tor daniages. direcl or consequential, in connection ~vith any condemnation or other taking of the Yro~~ertr. or ~?.yrt tl~emo[, or for cun~•evance in lieu oi condemna- tion, are hereby assignal and shall t~e paid to I.ender. In the event of a total taking of thc Pm~~ert~•, the ~~rocec~l~ ~I~:all l~c a~~~~licrl to thc ~uu?.~ secuced by this \tort- gage, ~~•ith the excess, if any, ~?aid to Borrower. in tlic e~~ci~t oi a ~utrtial taking of the Pro~iett~, unic~cs Borrower and I.ender othernise agree in ~vritin~. them sl~all IK~ n~~~?lic.l to tl~~ ~um~ ~ecurcvl hy this \lort~age such nropor- •e oe ;e e.,~..o~ t].At .~rn~~rtiou ~~leicl? tl~e siuount oi the sun~s secured b~ this ~Iortgage imme- vwi~ JL raua.1.a.u., ' _i.."' . diately prior to the date of taking i~enrs to.tl~c tair ~uarkct ~•:~lue of tl~e Yro{?ert~ immeciiatcl~ prior to the date o~ taking, with the balance oi the proceeds i,~id to Borro~~ er. If the Pm~~erty is abandoneci b~• Borro~~er or i[ atter notice 1?~• l.cuder to Aorm~~•er that the condemnor offers to make an ~~sard or settle a clain~ for clamag~, Aorroh cr iails to re~~~ond to I.ender n ithin 30 days of the date of such notice, I.ender is authoria~i to ~•ollect und a~?~?h thc ~~roc~~t~ :tt I.r~?der'~ option eittier to restorntion or repair of the Property or to thc ~un~s secured b~ thi~ \fort~~gc. Unless I.ender and Borro~er othern ise agr~e i~ riting, any such application of proceeds to ~~rincipal shail not extend or postpone the due dute of thc monthlr iustall~ucnts referred to in par.?gra>>hs l And 2 hereof or change the amount• o[ such installn~ents. 10. Botrower Not Heleersed. F~cten~ion of the timc for ~ia~ me~t or malification ot amortisation of the sums secured by this ~iortgage granted by i.ender to a»~~ ~uccecsor in intcrest of Borroner sl~all_not~ opernte to release. - in nny roanner, tlie liability of the oreginai Borro~rer and Rorro~~er ~ succe:sor~ in inter~t. I.ender chall not be requirecl to commence liroceedings against such succ~sor or mtu~ fo extend tin~e for pavment or othernise modify nmort~isation oi the sums secured bv this \[ortgagc M mason o[ an~ ~lemand m~dc b~ thc original Botrower and ~Q~~.prjc c..~±gegc~is in inieresi. 11. Forbearance by Lender Not a Waiver. ~u~ forbe:~rnuce h~ i.ender in exerei~ing any right or remedy hereunder, or othernrisc affordecl b~ applicablc ln~~ , shall not Im a~~ Ai~ er of or precludc the exercise ot any right or ren~eciy hereunder. The procurement of insurance or the pz~ we~t of taxes or other lie~~.s or charges by I~nder shall uot be n~vniver of Lender ~ right to accelernte the maturit~ of the indebtedn~: securecl b~ this \iortgage. 12. Remedies Cumulati~e. All remedi~ pro~ idc~1 in this \iort~;agc arc distinct and cumulative to any other right or remecig itnRer this \tort~age or affordcyi i~~ la~~ or cquit~ , an~l rou~ 1?c exemi~e+i cm~currenth , independ- ently or successively. - 13. Successors aad Assigns Bound:loint amd Severcil LiabilitY: Captio~. The co~•en.~nts snd agreements herein contuined shaU bind, nnci the rights hereunder ~l~all ini~m to. thc respecti~-c ~ucccz~ots and assigns ot Lender - snd Borro~~er, subject to the prorisiou~ of ~~arn~~?1~ 1 i hcrr~of. _~Il co~enapt~ snd ugreements of Borro~er shall be jo~nt and se~•er.tl. The captions and I?esding~ of the !?ara~r:~~?1?.~_of thi~ ~Iortgagc are for con~enience onl~ and s.r~ nnt t~ be used to intemret or definc tl~c 1?m~•isions liemof. ~ 14. Notice. Any notice to Borro~cer ~~m~•ideci for in tl~i~ ~lort~ag~ ~I~all i~e giren b~ n~aihng ~uci~ notice or certified ninil addre~ed to Borro~ree at tl?c Pro~ieri~ _~~Idre~~ ~tated i~elo~~. exce~~t for yn~ noticc required under ~~urugr~?ph ]8 heteof to I~e gi~en to Borm~~cr in the ~»anncr pm~cril?cd 1?~ applicable la~'. ~n~ noticc provideci for in this \Iortgage sl~all 1?c deemc~l to hs~c I~ecn gi~-cn tc? Borro~~er ~chen giren in the manner designateci herein. 15. IIniEorm Mortgaqe; Goverainq I.avv: Severabi}ity. Thi= forn~ oi u~ortgage c-o~ubinc~ uniform co~ enants for nationzl use and non-uniform co~ enant~ ~ritL limiteci ~ ariation~ b~ juri._~iction to constitute a imiform seeu- rity instnm~ent covering real propert~ • This ~iortgage sh:?Il !?c erneci b~ the 1an of the jurisciiction in ~vhich the Propertv is locateci. In the e~•cnt tl~at anr pm~ision or clausc of thk ~Iortgage or the Aotc conflicts with Ili applicuble IAn, such conflict si~all not. affect other pm~iziom of tl~i~ ~[ortgage or the \ote ~~hich can be given ~ effect ~tithout tl?e conflicting ~~ro~•ision. and to this en~i the ~?ro~•i~ion~ of the \Iortgage and the ~ote are declared ~ to be severable. 16. Boaowei s Copy. Borro~er shall he furnisLe~l .i ~•onionuc~i cop~ of this ~iortgage at the time of execu- tion or after recorcistion l~ereof_ 17. Tramsfer of the Property: Assumption. If all or au~ ~~art oi the Propert~~ or an interest therein is sold or trRnsferred by BorroRer without I.ender'~ prior ~critten con~ent, excluding Ial the crestio~i oi a lien or encum- brance ~ubordinate to tl?i~ ~Iortgagc. ~h~ thc ~rcation oi a~~umL:i.=r ?uone~ ~ecuritr intere~t for household appli- .u~ces, (c) n tran~ier b~ ~ie~•ise. ~iescent or h~ .o~~eratio?~ of ta~~- i~~?on the ~teath of a joint tcnant or (cil the ~rant~ of :~ny lenschold intci~est oi ti~rcc rear= or le,~ not ~ontaini~?~ :?n option to pum6a~c. I.ender ma~-_ at i.ender's option. declare all the sum~ secueed h~• thi~ \tortgage to 1?e inuuediatcl~ ~lu~ an~i ~?a~ablc. I.ender sl~~ll have n~i~'ed such option to acccleratc if. prior to tl~c saic or tran~fcr. I.cn~ier a~id tl~c ~?cnon to ~chom tLc Propert~ i~ to be sold or trunsferreci reach agree~nent in «riting that thc ercvlit of ~ucl~ ~~cr.-on i~ =ati~facton to I.ender and thut the interest payable on tl~e ~inus ~ccumri b~• fhi~ \iortguge ~Lsll l~c ar ~u~l~ r•?tc a~ I.en~ler shall reque~t. Ii I.~~19r Ras ~vai~ed the option to :~c~clerate ~~rovide{l in thi~ paragrapL 17 .~n~l if I3orroicer'~ ~ucce~~or in interc~t h:v txecuted a wiit- ten asstunption agreement acceptecl in ~rriting h~' l.cnder. L~n~ler ~I~ali mle~~c Borm«er fronr a!1 obiirations under this 1•Iortgage and thc \otc. - If 1.ender exercises such option to acceler.?tc. I.ender ~hail ~:~ail i3orro~~-er »oticc of acceleration sn accotdancc ~citl~ ~~aragrapl~ 14 l~ereoi. SucL noti~~c ~hal1 ~~m~•i~le ~Krial of not It~: tl~an 30 ~1ati~ fmm the_clate !he notice is mailed ~~~ithin ~~~hich Borro~~'er mut' ~?a~ thc~ smu~ declarcyi ~iu~•. If I3orro~ser fail, to ~?a~ 4uc~~ .~~i~k i~rior to tl~e ~•x(>iration ot ~uch ~?erial, I.ender u~u~•, «-itho»t fortl«•r i~oti~•~• or ~Icu~:?n~i on 13ormtier. in~•oke gn~':~rhu~edic~ ~~er- mitted l~y par~gruph 18 hereof. ~c~~-l~~ttosat ('~a~t.r.~x•r,. Kurr~~~c~r.uul L~•u~ler fnrtlu•r ~•~n-~~nani .~n~l ~i~,ree•.~~ tullo~~-~: 18. Acceleration: Remedies. l~.xcc~~t a~ ~~ro~-i~i~~l in ~~ara~r:~~,L 1: hcmoi. iq?on Korro~~rr= l~mach of an~- co~•cuant or aKn~~nicnt of Bon~o~~-er in thi~ \fort~:~Ke. in~lu~tin~ tlie ~•o~•~nant< to ~?a~ ~~-hen ~iue an}• ~uros secureci by this ~Iortgagc. I.endcr ~?rior to accelcr.~tion ~l~all ~n3)I 1i0111r to Rorro~ccr ~?ro~-id~ri in par.i~ru~>l~ 14 hereot •pccif~•in};: ~ 11 tiic hrca~l?: ~21 tl?c :tCh011 1'(Y~UlfY~I tU l'UIY~ ~u~~i~ hn :t~~l~: +3? a~laie. not 1~~= tl~an tl~irt~• da}•~ [rom thc ilaitc tlic notic•~• i~ ~uailcyl to Borm~~•~•r. 1~~• ~~•liirh ~u~l+ I~n~a~~li un~~t IK• ~urc~l: an~! ~-It tLat failun• to cure such bmach on on c~forc tl?c d:?te ~~?ecificyl in tlu~ nuti~~• ~u:~~- r~~+ilt in .i~~•~~icration uf tl~c ~um~ -r~~unv1 {?r thi~ \lortgagc ;uid;.?Ie oi tLe Pro~?crt~•. If tl~c hmacl? i~ not c•imvi on or !K•fon• th~• ~lat~• ~~K~~•ifi~til in tl~c notice. I.en~ler at I.ender'~ option ~ua}• ~Iccl:~rc all of thc ~uu~~ ~ccu~Y~l 1~}- tl~i~ \lori~af,c to In• iwu~~yliatch ~lue a~~~l ~~a~al?lc «-ithout iurtlier dc~naiul .~nr1 n~;~~• fomclo~c thi~ \tortg:t~;c I?}- ju~li~i:il ~?1'1N'IYYIIIIL` L~•n~l<<r ~hall IK~ ~•ntitlc~l ta colicct in ~uch procced- ing all cx~xn~c~ of forcclo~urc. incla~iin~:. hiit not linutr~l tu. ma~vu:J~l~• sttorn~~~-'= t~Y~. :~n~! c~t~ of documcniar~ evi~lence, ahstract~ an~l tiNc m~?orls. ' . : , o R 4 ~ 9?~ Eecu~ 1 . ~ ~ - ~.a~.r~°~-~~ ~ . _ ~ - ~ ~s. y ~z _..r:'~..~`~'~~ ~ _ ~;x. _ .