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Home My WebLink About1266 T 8. Inspection. I.rmier iuny n~ake or ~•au,~• to Ix~ u?i~~l~~ rru~unubl~• ~•uh•ic. upon iu?~1 inrpections of tlx• Ptop- ert,y, pmvideci thi~t I.cndcr shall Rivc Burro~~~er noti~•c ~?rior to an~• sucl~ in.pcctiou .~~c~•ityin~ reasonable cause t.herefor related to I.ender's intemst in the ~'ropetty. ' ' 9. Conden~aation. The proceeds of ~?ny :i«'nrri or clairo fa• da~nx~es, direct or consequential, in connection ; ~vith uny cornlemnntion or other tAkin~ oi thc Yro~?eK}~, or ~?ur~ tl~creof, or for con~•eyHnce in licu oi conclemna- ~ tion, are hereby ns.~i~ncYl and s1~A11 i~e paid to 1.ender. ? In the e~~ent of a total tnkir.g ot the Property, thc pra ~'M~ti SIIAII IM 11~~~?~IMI t0 tI1C .~uns sec~urc~i by this ~iort- ~ guge, ~~•ith the excca,, if any, ~?aid to Borm~ver. In the e~•ent ~t u ~?xrtial taking of the Yro~Mrty. untess Borrower • i and I.ender athen~•isc agree in ~vriting, them sha1) he a~~~~licvi to the ~um~ sccurc~c) hy this \iort~~ge such propor- ; tion of the proceeds as is equul b tl~at proportion ~~hich thc amount oi the suiux securecl by this ~iortgage imme- ~ ~liately prior to the datr of tnkin~ bcan to thc [air ~ui~rket ~•Hh~~• of tl~c~ i'ro~~ert~ immeciiatel~~ prior to the date of ~ taking, with the bnlAnce of the proceeds ~?ai~1 to Borro~rer. ~ If the Propertv is abandonecl by Borro~~•er or if atter notice b~• l.euder to Borro~~•er thnt the condemnor of~e~ • t0 I11RIC~ All A~~AP[I OT settle claim ior dRma~, Borro~~•er fails to re~pond to i.ender ~vithin 30 days of the date ~ of such notice, I.ender is ;?uthorize~i to collect aud n~?~~iv tl~e ~u~cc~~cls iit I.cnder'. option eitiier to restoration or ~ repair of f~he Property or to thc ~ums securc~i b~ thi~ \lortga~e.. ~ Unless I.cnder z~nd Botro~ver othern•isc ugree in _~vriting, any such application of prceeeds to priucipal shal) } uot extend or post~wne the due dnte of tl~e monthl~ iustalimc~~ts mferrecl to in par.igra~?hs 1:~nd 2 hereof or ! ehnnge the an~ount of such instalhnents. t 10. Borrower Not Relearsed. I:xtension of tl~e tiu~e for pa~•ment or malification ot amortizution of the sums ~ ,ecured by this \Iortgage grnnteci b~~ I.ender to an~ :~uccessor in interest ot Borm~ver cball uot opernte to releese, in nny manner, tl~e littbilit~• of the originnl Rorro~~•er and Borro~~•cr's successorc in interest. T.ender shall not be ~ requireci to commence procre~iings ~gainst sucl? succe~or or refnse to extend time tor pAyment or othenvise modify ~ a~nortizt+tion of the sums Secured b~~ thi~ \Iortgage hy reason of iu~~~ demand ~nade b~ thc original Borroper and # Borrower's succe.csors in interest.. ~ 11. Forbearance by Lender Not a Wadver. :1~n• forUcarancc by I.ender in exercising any right or remedy hereunder, or othcrnise afiorde~i b~ applicublc lz~~•, shall not. bc a~~•ni~er of or precludc thc exercise of any right or remeciy hercimder. Thc procarement o[ ins!irancc or thc ~,n~ ment of tnxc~ or other liens or chArges by I.ender shall uot bc n~~ai~~er of I.ender's right to a~celer.ite the mnhuity ot the indebtednecs secun~ci by this ~iortgage. 12. Remedies Cumulative. ~11 rnmeciies ~imvidcd in thi~ ~Iort~age are dist-inct nnd cumulat.ive to any other right or remc~l~• under this \Iort~a~e or aftoiYicYi ht• 1~«• or ~~ryuik~ , an~ ma~~• l~e exemiseci concurrently, independ- rnt~l~~ or si~eces.ci~~ely. 13. Successors and Assiqns Bound: Joiat and Severai Liability; Captioas. The ~o~•enants and Agreements herein containecl shull bind, and tLc right~ Lereunder ~hall inum io, the re~pecti~•~~ ~uccec:ors and nssigns of Lender ! ancl 13orm~ti~cr, .ubject ~Q_ the ~~rovisiom of para~i•apl~ 17 l~c~rof. :111 co~•~nant~ an~i aRreements of Borro~er shall ` ije joint:in~f ~e~•er~l. The c~~~tions an~l 1?eading. of th~ ~~:u•~~;r.i~~h~ of thiG \tort~age are for com•enience only and ure not to be used to interpret. or ~lefine tl~e ~im~•ision~ licreof_ 14. Notice. ~ny not~ice to Borro~~•er ~~ro~•i~1ec1 for in tlii~ ~Iort~a~;c• ~I~all I~e ~i~•en b~ mailin~ such notiee b~ ~•e:tified ~uail :~ddre~sc~1 to Borro«cr at thc P,o~iert~• :~~l~lrc~~ ~tatecl bclo~~-, except for am• notice requirecl under ~~:u•.~gr:ip)~ 18 hereof to be gi~~en to Borro~~•~r in th~• m~tnne~~ ~~mscrihed i?~- asp~~licablc Ifs~•. ~n~ notice provided ior:n tl~is \[ortga~e sh~~ll lie dee~ne~i to ha~•c hecn gi~~eu to Borro~~•cr ~~~l~en giren in thr inanner desi~~ated herein_ 15. Unifozm Mortgage; Governing Law: Severability. 'Chi~ forn~ of iuort~.~ge ~ombine~ uniforn~ co~~enants ior national use and non-imiforn~ co~•enant~ ~cith lin~ite~l .•ariation~ h~• juri~iction to constitute a uniform secu- rity instrument covering real Z~mpert•y. This ~[ortgage shall lic ~;o~•erned i~~~ the la~~• of the jurisdiction in ~vhich the Yropert~ is lce~ted. In the c~~enf tl~at ai~~~ ~uovi~ion or ctausc of this ~iortgage or thc Note conflicts with spplicable la~~, such conflict shail not atfect other ~~m~-ision: ot fhi~ \[o~-tgage or the Note ~vhich can be given etTect ~vithout thc conflicting ~im~•isian. nnd to thi~ en~l the ~iro~-ision~ of the ~tortgage an~i the Note are declared to be severnble. 16. Bonower's Copy. Rorro~~•er sl~all be iurni~l?erl a~~onlorn~c~i co~~}- of this ~iortga~~ at t.he t.ime of execu- tion or after reconlation hereof. • 17. Traunsfer of the Property; Assumption. If al! or am- irart of the Propert~ or an interest therein is sold or transferreci h~• Borm~~er ~~itiioiit I.eucier'~ prior ~~ritten ea~~ent, excl~idin~ in1 tl~e cmation af a lien or encum- brance ~ubotclinAte to thi~ ~[ort~a~e, ihi the cm:~tion of {~urcl~us~• ~none~ =ecurit~- intere~t for l~ousehold appli- ance~, (cl :i transfer 1?~• ~ieri~e. ~ic~eent or b~- o~~~•r,itiou of I:~~r u~~ou th~~ i(esth of a joint tenant or (d) the grant of ;ui~• le~sel~old intcrc~t oi thre~~ year~ nr le~~ not ~•ontaiuing an o~~tion to ~~urchusc, i.ender ma~. :3t I.ender's option, ~ieclare al) the ~uni~ ~e<~urcd h~- this ~Iortgage to t,r imuudiateh• ~iuc aml ~~a~-ahle. I.en~ier ~hall ha~e wai~ed ~uch opt~ion to :i~~•elerate if. prior to the ~ale or tran~f~~r, I.en~icr aud Il~e ~?er~un to ~~hom tl~e Yroperty is to be sold or trunsferrecl re~ch agreement in ~~•riting tl~at the crc~lit of ~i~el~ ~Krson i~ ~sti<iuctorv to I.cudcr and that the interest payablc on the ~u.ms secured b~• this ~Iorigagc ~hall I~e~ .it ~n~l~ rate u~ I.end~~r ~h~ll iti~uest. Ii I.ender l~as waived ~ the option to :u~ccler:ite ~~rovide~l in this ~~aragrat,{~ 17 :u~~i ii I3orro+cer'~ ~uccessor in interest lias executed a writ- tcu asst~n~~?i.iot~ agreetucnt :icce~~teil in ritin~? i,}- T.crnier. Len~ier ~l~al) ~t lease BorroK•er from all obligations under ' this ~1orGgage ~nd thc ~otc. If I.ender exercises sucl~ option to accelerat~~. I.ender sl~all ~nail Borro~~er iiotice oi aecelerat.ion in aeeordance ~~~ith ~ru•agra~?h 14 i?emof. ~uch notice ~ha?ll ~rro~~idr a ~~crial ~~f not le~~ tlfan 30 davs from the date the notiee is ~nailed «-ithin ~~•I~icL Borro~ccr ~ua~• ~~a}• tlic sw»~ dec:are~t ~luc~. If I3orro«•er failc fo P~1d ~uch .um~ Prior to the cxpiration ~?i sucL ~~erial. Lender m.~~•. «-ithr?u~ fi~rth~r noti~•~~ or ~Icin:uul on Rorro«•cr, in~•okc .~m• remedies per- mitted irv ~~aragraph 18 hereof. \ux-l"~ieuxai t~1)~'F:\:?X'f'~. I~f11•ro~~•~~r :~u~l L~~n~l~~r fii~•th~~r co~•~~n:int and a~rec ~i~ follo~•s: 18. Accelercrtion; Remedies. I~:x~•~~~~t a~ ~~ru~•i~t~~~l in ~::~r:?~;r:?~~I~ I: liereof. u~~on Borrmrer'• brcach of any ~~o.•enant or a~rcei~~~mt of Borro~~~er in ihi~ ~tort~;agr. inclu~lin~; tLc i•o~•~nant~ to ~~as «•lien due an~ ~ums secured by thi~ \iortgage, I:en~ier ~?rior to aceeler.?tion ~hall ~u.?il notirc~ to Rorro~rer as pro~•idecl in puragraph 14 hereof specit~•iu~;: ~ 1 ~ ti~c l~rcach; ~2~ tlic :tctio~~ r~K~uintil to rur~ ~uch brcacl~: ~31 a~latc:. not Ic~~ than thirty days fron~ thc datc thc t?oticc i~ tnailc~l to Borro~~~~•r. h~• w•hi~•li ~ucl? hrea~~ii mi~~t h~• ~•urc~l: and ~4~ thnt failam to cure such brcach on or he[ore the ~late ~~?eeifi~•~1 in tli~• nutic•~~ ma~• re.ult in~:?c~•eleration oi the ~um~ ~ecurecl b~ this \Iortgage and ~ale of the Yro~?crty. If thc hrca~•h is not ~•urc~~ on or h~~forc th~~ date y?eci6e~i in ttie notice, I.encler at I.ender'~ option ma~- ~lecla?r~~ all of thc ~nu~~ ~ecurc~i b}• thi~ \lort~;a~c to ix iiun~Miiateiy due aind pa~~able ~rithout further demand un~i ~na~ foreclose thi. \lortga~~~ b}• ju~li~ial ~?roce~~lin~;. L~~n~ler ~hal! I~e ~~ntitled to collect in such procee~- ing ail ex~?cn~e4 of torcclosure, including, 1?ut not limitr~i tv, rcasonahle :~ttorncy'~ fces, and c~ts of documentan• evidence, abstrncts and titlc re~?orts. - . ~OOK ~.vv PACE~~U4 ? _ _ _ _ . - _ ~ ~ _ = ~ ~ ~ ; - - . _tr _ . . - ~ _y ~