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Home My WebLink About2049 ~ 1 8. Inspsction. l.ender ~ua~• ~uake or ~•AUSe to lK~ ~uucle rcu~ouuhle ~~niric. u~?oi~ au~l inspeMions oi the Prop- ~rty, provided tl~at I.cnder ~hnll gi~~c Borro~~•cr noti~•c ~~rior to un~~ ~uc~h in~~?ectioi~ ~~?ecifyin~ reasonnLle cause therefor related to I.ender's interest in thc Yroperty. 9. Coadsmnation. The proceecis of uny u~~'ar1 or clain~ far dama~es, direct or consequential, in connection ~~•ith any con~iemnat.ion or other takin~ oi the Yropcrty, or part themot, or tor conveyancc in lieu of condemna- tion, are hereby assiKncYl and shull I~e paici to I.endcr. In the e~~ent of a total taking of thc Propert~•, thc pra~~cvl~ ~hall IK~ a~~~?li~~l to tlte ~uin~ sec~?red by this ~{ort- ~age, ~vith tlie excec,, it anv, paid to Borro~~~er. In tlm event of ~r,?rtial tnking of the Yropert.y; unless IIorrower :u~d I.ender ot~heneise ngree in ~~ritin~, them •liall he n~~~~licci to th~~ sun~x secun~l b~ this \(ortguge such propor- tion of the proceeds ns is equal to tl~at. pmportion ~~•hich the amount of tLe sw~~s secured by this \~[ortgaqe imme- ~liately Prior to thc ~iAte of tnkin~ henrs to thr fair u~xrk~•t ~•:~liie of the Yro~~ert~~ immedintcly prior to the date of taking, with the balAUCe of the proceeds ~?aid to Iiorm~eer. If the Propert,~ 1S A~)All[IOIIC(I I)~ IIorro~~•cr or ii after uoticc b~• Lendcr /o Borro~~•cr that the conden~nor o~fers to n~nke An u~eard or settle a claim for ~IaiuSges, f3orro~~•er fails lo re.spoml to I.ender aithin 30 days of the date uf such notice, I.ender is ~uthoriaecl ta collect and ap~?lv the ~~roc~~d, ut I.cuder's option eitl~er to restorntion or ; repair of the Property or to tl~e ~ums securc~l h~• tiiis ~[ort~n~e. ; Unless I.ender :?nd Borrower othen~ ise agree in writing, any such application of procec~ds to principal shall not extend or postponc fl~e due date of the monthly instAlhnents referred to in ~~aragraphs 1 and 2 hereof or ~ cl~auge the amoimt, of such installments. f 10. Borrower Not Released. ~xtension of the tiwc ior pn~•n~cut. or malification of an~ortization of the sums ; ,ecured by this ~Zortga~~ grnntecl b~~ i.ender to an~• ~uccessor in interest of Borrower c1ia11 not operate to release, ; in nny mannee•, the lial~ilit~ of the originnl I3orro~ver and Borro~ver's successor~ in interest. 1.enNer shall not be i requireci to commence proceedings against. sucl~ si~ccessor or refu~e to extend time for payme~rt or other~vise modity ! :unort•iLation of the sun~s secureci by thi~ \iortgagc b~ reasou of an~• ~lemancl mndc b~~ the original Borro~ver and Borrower's successors in interest. . ~ 11. Forbearm~ce by Lender Not a Waiver. Auy forbcarruiec b~ I.ender in exercising any ri~ht or remedy i?ereunder, or othenvisc afforcieci by npplicablc ln~••, sl~all not 1?c si~•er of or ~~reclude the exercise of any right or remedy hercunder. Thc ~~rocurement of insurznce or the pn~ment of taxes or other licns or charges by I.ender shnli not i~e a w:iiver ot t.ender ~ right to acceler.itc the mnturit~ of thc indebtecinw~ secured by t~his :Kortgage. 12. Remedies Cumulative. All remeclie~ providcyl in thi~ ~Iort~age are ctistinet and cumulative to any other right or remerl~~ ~inder thi~ ~~Ol't~*,AF.,C Ol' BfTAi'(~M~ I)\• Ia~~• or c~iiif~, an~i ma~• he exerciseci concurrently, independ- ~~ntly or successiv~ly. 13. Successors cmd Assigns Bound: Joint and Several Liability; Captions. 'I'h~ co~•enauts and agreements herein containecl shull hind. :ind thc ri~hf~ hereumier ~hall inum to. thc respecti~•~ succc~.~ors nnd a~signs of T.ender :tind Borro«~er, ~ul?jeM to the provision~ of ~~:u.~~ra~~h 17 hernof. =\lt co~•c~nant~ sn~i ~gmementc of Borrower shall I>e joint .uid ~e~•eral. 'I'he caption~ and I~eading~ of th~ ~~au-;iKra~?h~ oi thi~ \lort~a~e are for com~enience only And : ~ :ire not to be useci to interpre't or ~iefine thc ~?ro~~isions hemoi. • 14. Notice. Any notice ta Borro~ier ~~mvide~l for in tl?i~ \lort~;x~;~~ ~hall hc• ~i~'en Lv mailing such notice b~ ~ ~•ertifieci mail a~l~ire~sed to I3orro~rer at the P~opert~• :1~l~hr.~~ ~ti~te~l hc~loo-. ~xce~it for :in~• notice reqt~ire~i under ~ ~~:u•.~graph 18 hereof to he Kiven to I3orrm~•cr in thc• m:~nn~•r ~~re.~cribe~l h~• .?~a~~licable ia~~•. :1n~• notice pmvide~i $ for in this ~Iort~a~e ~h~ll he ~leemc~l to I~ave hecn ~i~•en to I3orm~~~er ~~•hen ~i~•cn in thc manncr designatcd herein. ~ 15. Unitorm Mortgage; Governing Law: Severability. Thi~ forn~ oi mort~aRe cou~binc~ uniforn~ co~~enants ; for national usc and non-uniforn~ co~•enant~ ~ritL limited ~•ariatio~~~ 1,~- jurisdiction to constitutc a uniform secu- i ; rity instrument covering real ~~ropett}~. Thi~ ~[ort~a~e shall I~e ~o~•erned b~• the lA«• of fhc jurisciiction in ~~hich the Yropert~ is located. In the c~•ent that :ui~~ ~?ro~•ision or clause of this ~Iortgage or the ~ote conflicts ~vith ~ applicable la~v, such conflict shall not atTect other ~?ro~•i~ion~ of tlii~ ~Io~t~uge or the Note ~vhich can be given r ; c~ffect. ~~ithout tl,e conflicting ~~ro~•ision, and to thic en~i the ~~ro~-i~ion~ of the ~Tortgage an~l the \Tote are declared 3 j to be severable_ E 16. Boirower"s Copy. Borro~~•cr sl~all bc furnicl~ed ronforn~c~i ~•o~~~- of thi~ ~tortgagc at thc time of execu- - f ~ i ion or after recordat.ion iiereof. f 17. Transfer of the Property; Assumptioa. If all or an~• ~~art of the Propert~- or an interest therein is sold ~ or transferred ht Borrower ~~~itho~~t I.en~ler ~ ~~rior ~~~rittcrn ~•oncent, ex~ludin~ tal thc creat.ion o{ a lien or encum- ~ brance ~uhonlinate to thi~ ~Iortgugc, ~bi tl~e ~m.ition of ~~ur~h;?~c~ ~nonc~ ~ecurit~• interest for household appli- ~ ~ ances. Ic) a h•ansfer h~• ~Ie~•ise. ~le~~•ent or ht• o}mration of lan- u~~o? thc ~ieath of a joint t~nant or idl the grant of :?u}• leaschold interc~t of threc vcar~ or Ic~~ not ~•ontaining an oj~tiou to ~n~rcLu<c. I.cnder may. at Lender's option. ~ ~leclare all the ~mn~ ~ecure~i I?~• thi~ \tortga~e to h~• imiuc~lixtel~• ~In~ an~i ~?a~•nble. I.en~ler sh~ll have H~ai~ed such ~ uption to accelcratc if. prior to thr ~al~ or trzn~icr. Lender aud the {x!~on to ~vhom the Yropett-p is to be sold or rrans(erre~t mach agreement in writing tl~at the c•rcKlit ~?f ~uc1i ~~erson i~ ~ati~ixctor~• to I.ender and that. the interest ~ ~~ayable on the ~uu~s ~ecureci t~~• tl~i~ \[ortga~e ~i?all hc .it ~ucli rate a~ I.en~ler shall request. If I.ender has waived ` the option to a~cclerzte procidecl in thi~ ~~aragrapl~ 17 :in~l il I3orro~rer: successor in intere~t lia~ e~eeuted a writ- teu assun~pti~n agreewent scce~~te~l in ~~•ritin~ h}• Lcmier. Len~1~~r ~hall release Borrow~r fron~ all obligations under ~ ~ ihis ~'Iortgagc and thc Note. ' ~ If I.ender exercises sucl? opiion to .?cceler.~te. I.ender shall ~uail Borro~~•er notice of acccleration in accordance i ~ ~~-itl: ~~arafiraph 14 hereof. ~ucl~ noti~•c ~hall ~~ro~~i~le a ~?erial c?f not lc~~ than 30 ~lay~ froni the datc the not~ice is ~ ~ inai!ed ~~•itl~in ~~hi~~L I;orro~~~er wa~• ~~a~- the sunr declareKi ~iu~•. If Borro~~•er fail~ to I~s~• ~uch ~tum prior ta the - rx{~itutior~ oi ~uci, ~?erial, I.end~r ina~~. ~cithout ttjrtli~~r n~~ti~•~• ~?r ~I~ni:uul o» Borro~~~er. in~~oke v~}• remedies per- ~ mitted by paragraph 18 hereof. # ~ ~(11-j~\IFOKai (,'ovt:~.~x•r~. fi~?rro~~-~~r ~~n~l Le~ul~~r tw•tl~~~r cu~•~~na~nt and a;;ree ~i~ follows: { ~ 18. Acceleration: Remedies. 1•;x~•e~?t ~~r~n-i~le~! in ~rai:i~;r.~~~h 1 i h~~rco1. u~~ou Rorro~~~er'~ hrcach of t~n~- ~ ~•u~•enant or .~~reeu~ent of Borro~~-cr in tl~i~ ~lort~;:~~;~~. in~lu~ling tl~~~ ~~~-enant~ .tu ~r?}• ~~-li~~n ~1uc an~• ~ums secureci ~ t,y this ~tortgage. I.en~ler i?rior to accel~~rstioi~ ~I?all n~tiil notic~~ to 13orrow•cr,Bg p,ro~•idecl in paragraph 14 hereof , ~ ~ .E?ecifyin~;: ~ 1) tl~c brcach: ~21 the .iction rec~uir~•+1 to ~~?n•~• ~u~h 1?rcach; ~31 a date, not le~ than thirty da~~• from ; ~ thc ~latc thc notice i~ ~nailc~l to Kurr~m-~•;. I~~- ~~-izi~l? -ucl? I,r~:i~ii ~nu~t Ix~-ew~c,~~: and 141 that failurc to cure such ; ~ breach on or beforc the ~la~te s~xcifi~+~l in th~~ nnti~~c in:?~• re~ult iu xc~eleratiVn oiThe sum~ seeurecl by this ~Iortgage ~ and s.ile of tl~e Yropert}•. 1f thc bma~•h ir not ~•ure~t on or I,~for~~ th~• ~tat~~~ci~'jecl in the notice, Lender at I,ender'~ ~ ~ o~tion ~ua~• dc~cl:+rc :?II oi tl?c ~u~m .ecurcm~t b~• thi~ \lortg.ikc to Ix• inw~c~liaEc~Wduj ~~?nd,~ayablc ~~•ithout turther ~lemand am1 ma~ ioreclosc thi~ ~lort~;u~;c~ hc ju~li~ial ~?roceeylin~. I,~n~ier ~Lall I~e entiflecl t~ cp~ct in such procec~ci- ~ ing al) ex~?enses of foreclosurc. includin~;, hut not liu~it~~~l to, rea~ont~ble attorney'~ fees, ~n~l~ ts of documentary evidence, abstracts and titlc rc~~ort~. , ~ ! ~ « ! . ~ , . _ 6QQK 235 PACE~~ ' 8 ~ ~ ~ . _ ~ _ ..L _ _ -