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Home My WebLink About1084 ~ i f Inspeetion. I.e~?der ~uay ?nake or cause to I?c• u~ud~• re:uouable ei~tri~~s u~w~~ :~n~l ins~x,~ctioi?s oi thc Prop- ' erty, provided that I.ender •hall gi~•e Borroa•cr noticc ~~rior to any ~ucl? ins~?ection .pecifying reasonable cause ~ cherefor related to Lender's interest in the Yroperl,y. i 9. Coad~nona6oa. The proceeds ot any :i~~ar~ or claim tor cla~uagG~, direct m• consequential, in connection with any corxiemnation or other taking of the Proj~eri~~, ur ~?urt therc~f, or for convey~nce in lieu of condemna- tion, are hereby a~igncvl and shalt i~e paid to I.ender. In the event of a total taking o( the ProE?ert~~, the ~~rocc~eels shnl! he i?~~plicci to the ~ums secureci by this ~tort- ! g~ge, with the excess, if any. ~?aid to Borrower. tn tl~e c~~ent of z~ n:?rtial taking of thc Yro~~crty, unless Bormwer s :?nd I.ender otherwise agree in ~vriting, there shnll i~e a~~plic~l ta the sunr secure~l by this ~tortgage such propor- } tion of the pmceeds as is equal to that proportion which tiie amount of the sums securecl by this ~riortgage imme- ! ~iiately prior to thc date ot taking t~ean to thc fnir nu~rkct ~•alue of !he Yropert,y imme~liately prior to the date ot } ta~ng, with the Lalance of the proceeds ~?nid to Borro~er. ~ If the Property is al~andoneci by Botro~r•er or if atter notice by I.ender to I3orro~ver that the condemnor of~ers i to iuske sn aaard or settle A claim for damnges, Borro~~•er fails ta tesponci to I.endcr ~vithin 30 days oi the date of such notice, I.ender is aut_hori:ed to collect ancl ai~pl~ the procceds at I.ender'~ option eitl~er to restoration or ~ repair of the Pmperty or to thc cums secured by this ~tort~age. Unle3s I.cnder and Borrower other~vise agree in writing, any such application of ptoceeds to principal shali ~ not eztend or ~~ost}wnc the due datc oi thc monthly instsllments referrc~l to in pArngraphs 1 and 2 hereof or ~ chaage the amount ot such installments. # 1Q Ba~rower Not $eleased. F..Xtension of the time for pa~ ment or maiification o[ amortiaation of the sums secured by this ~iortgage grnnted by I.ender to uny ~uccessor in interest oi Borm~r•er slial) not operate to release, in any manner, the liability of the original Borrower and Borm~ver'.s successorF in interest. l.ender shall not be ~ required ta commence procecciing~ against such successor or mfuse to extend time for payment or otl~ernrise modify :imortisation oi the sums secured by this ~iortgngc b~ reason oi an< <temand n~ade by the original Borronrer and ~ Borro~ei's successors in interest_. 11. Fo:be~a~ce by Lender Not a Waiver. An~ forbearAnce b~~ I.ender in exercising any right or remedy . ~ hereunder, or otherwise aRordeci by applicablc ln~~, sl~nl! not I?c a~~~ai~•er of or preclude the exercise of any right ~ or remeci~ .liereunder. The procurement of insurance or the ~?nyment of tnxes or other licns or charges by T.ender ~ :hall nat Ue a~cai~er of Lender's right to acceler.~te tlic mAiurit.~ of the indebteciness secured by this 1-Iortgage. 12 8emedies Cumulative. All remedies providcvl in thi~ ~iortRage are distinct and cumulative to any other ` right or remedt under this ~Iortgage or nfionlc~i 1?~ l:?~~• or equity. an~i may be exercised conci~rrently, independ- ~ ~ ntty or ~ucces.~vel~ . ~ 13. Suecessors ~d Assigas Bound; Joint ~md Several Liability; Captioas. Tli~ co~•enants and agreements herein contained ~hall l~ind, and the ri~hts hereunder ~hnll im~re io, the respectivc ~uccec•o~ and ucsigns of I.ender ; :?nd Borraner, ~iihject to tlie pro~•ision~ of liara~rapl? 17 hereof. ~11 co~•enanfs and a~mements of Borrower shail ~ he ;oint :i~i~i ~e~•eral. The csption~ an~l Leading~ of thc ~~ara~ra~~hs of thi~ ~Iortgage am for con~•enience only and ; :.re not to be u..~ed to interpret or de6ne thc ~~ro~•isiou~ hcrcof. t l~. Notiee. 3m notice to Borroner ~~rorided for iu this \lort~u~;~• ~hull be ~i~~en b~- mailin~ ~uch notice by ~ ~•ertifieci niail addre~~ed to Borm~er at the P,~operi~- :1d~im~: ~tztc~cl beio~~-, c~cept for an~- notic~ requir~eci under . ~ ~~,~r.~gr~ph 18 hereof to be gi~en to Borm~~er i~i ti?e iuanner pm~cribcYl h~• up~>licable la~~•. :1n~• notice provided ~ for in thi~ ~tortgagr ~hall i~e deeineci to h:~~~e hecn gi~•en to Borro~~cr w•hen ~i~•cn in ti?c manner designate~i herein. 15. Uniform Mortqaqe: Governing Law; Severability. 'fhi~-form of mortgaKe ~ombine~ unifonn co~~enants ~ ior national use and non-uniform co~•enant~ ~citl? limitecl ~~:iriatiom by jurisciiction to constitute a uniform secu- rity instnnnent covering reai Propert~. This \I~rt~age ~hall 1?e governeci b~~ the la~~ oi the jurisdiction in ~vhich t6e Propert.y is locatecl. In thc e~•ent tliat v~~• ~~m~•ision or clausc of this ~iortgage or the \Tote conflicfs riith applicable laR, such conflict sh$ll not affect other ~~ro~•ision~ ot thi~ ~lortgage or the Note which can be given effect ~ithout thc confli~ting ~~m~•isien, and to thi~ en~1 the ~~m~•i~ion~ of f.he \{ortgage and the 1\Tote are declared to be severable. ' ~ 16. Borrower's Copy. Borro~ser shall he turnishe~l <•onfor~ned ~~o~~~• oi this ~Iortgagc at, the time of execu- ~ ~ ~ion or after recordation hereof. ~ ' 17. Trcros~er of the Property: Assumptioa. If all or :~n~• ~~art o~ thc Property or au interest therein is sold ~ i ~~r transferred b~ Borrower ~~ithout I.ender'~ prior ~~-rittcn ~onsent. ex~ludin~ lal the crcatioi~ of t~ lien or encum- ; brance =ul?ordinate to this \[ottgagr. Ihl the ~rcation oi ai ~xircha~~~ n?one~ ~ecurit~- interest for household appli- ~ ! :~nces. ~ci a tr.~~uier b}- ~ie~-ise, descent or 1,~- o~~~•ratio~~ of l:nr u~~on the~ ~ieath of a joint tenant or (d) the grant of ' cin~- tea~hold inierest oi threc ~•car~ or le~~ not rontaining :~n o~~tian to ~narcLax. T.ender ~na~~. at Lender's option, ~ ~ +leelare s11 thP ~uu~s ~ecureci br thi~ ~Iort~age to I?~ inu»eciiatel~• ~hie anci ~~a}~ahle. i.en~ler ~l~ail have ~vaived sueh ~ option io acceier.~te ii_ s~nor to the ~ale or trau~i~~r. I.ender aud the 1?er~on io ~vhom the Ympert,y is to be sold or ~ ~ t:ansfetred reach agreement in ~~•riting tl~at tl~e rrc~tit of ~ucl~ ~~cr,on i< .~ati~facton~ to I.ender and that the interest ;~a3able on !i~e cums .;ecure~i by this \Iortgage ~liall i?c .it ~ucli ratr a~ I.c•nder shall request. Ii I.ender hss waived ~ ~ she option to accelerste pmvided in this ~~nragra~~L 17 a~i~i if linrro~~•er'~ siicces~or in interest l~as executed a writ- : trn a~surtyption agreen~ent ac~e~>te~i in ~rritin~ I?~• L~nder. Len~ler ~hnll rcleuse Bormwer from all obligations under ~ ~ this ~tort~e ai?d the \ote. - ~ If I.ender exerci~ sucli option to acceleratc. I.endcr sl~alf ~uui1 Borro~ver not,ice of accelerution in accordance ; ~ •.citl, ~~:~ragraj?h 14 hemof_ 3uch noti~•c ~I~all ~~ro~•ide ~?erial of not le>~ tl~an 30 days from the date the notice i~ ~ ~ uiailed ~citl~in «•hich Borroc~er n?s}- ~,a~• the <utu~ ~leclamd ~iu~~. If I3orruH•er fail~ to ~ri~• su~•h wms prior to the + : ~•x{?ir:ition of -u~•h ~?eriod. 1.enrler n~a}~. «•ithc~i~i f»rth~•r noti~~c or ~leman~i on B~rrow•er. im•oke an~ remedies per- rnitted b~ paragrxph 18 hereof. • ~ , ; ~~?x-['x~e~,xa~ t'u~•r:~.?~•r,. l~arrmc~•c.~nel I.~•n~l~~r furtlu•~^c~r?~•enant xnd agree as follo«•s: ~ 18. Acceleration; Remedies. I~:xc~~~~t a~ {~ru~•iii~yi in ~~ara~;ru~?1~ 17;l~creoi. u~~on Borro«er's breach of an~- ~ ~~o~-enant or aKree~ucnt of Borro~~-rr in tl~i~ ~I~rt~;v~?e. in~•Iu~linK tL~~ ~o~~na~t~ ~u~p v~~'I~en duc any swns secured ~ i,~ thi~ ~lort~age, I.ender ~rriof• to acceleration ~hall ~uail noti~~~~ to I3orro~~-er as p~~ici~ ~•~1 ragraph 14 hereof ~ ~}1CCII~ III~: 1 11 (Ili• breach: 12 ~ tl~e ac~tion r~ciuim~l to ~•ure w~h In•c~aeh 3~ a~tate, nut Ie~: ~I~n thirty days from ~ the ~late thr notice i~ n~ailcYl to Borru~~•e~r, h~• w-I~irli ~urh br~~:acli n~u~t t~e cured; and i41 that failure lo cure such bmach on or befum tl?e date ~~~cifie~l in the notiec ma~• r~~~ult iu ac~~cler:i~io~l o~tho,s~,t~u~ ~ect~rc~i t>y this \iortgage ~ and aale of tl~c Pro}xrty. If the hmaci~ is uot curea on or l,~~forc• t h~• ~latc. ~~?ecifird in thc noticc, I.endcr at I,ender's ~ ~ uption ma~• decl:~re all of thc ~u~u: ~eci~ral bt• thi~ ~IortKu~;e to Lc• inuuc•ilintcl~• due and ~?ayablc without further ; deinand and ~uay toreelose thi~ ~lortg.~~e ~~y ju~ii~ial ~?ra•eeylin~. L~~n~ter ~hall lx entitlecl to eollect in saeh proeeecl- ; ing all ex~?en.:e~ of foreclwure, including. t?ut not lin?it~~l to, reu~ona~blc~ .~ttorn~t'~ fces, and costs of documentary ~ ~ e~idence, abstracfs and title m~~ort~. • , ' 800K ~?J6 PACE1084 ~ ~ ~ . _ _ _ - - z~: ~ - _