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Home My WebLink About1692 ~ i 8. Iuspection. l.en~ler ?ni?~' mnke oc ~•nuse to In• uuulc r~+usuuablc~ enU•i~~: upc?n nnd ins~~e~tiuue oi the Ptop- ~r~y, provided tbnt I.ender ~ha~ll gi~•e Borro~~•er notic•c ~~ria• to au~y aucli inspecti~n •~~ecifyin~ masonable cause therefor related to I.ender's interest in tl?e YropcN,~. ~ 9. Condemnatioa. The proceeds of nny :?~vanl or ~~Iniro for damagc~, direM or consequential, in connection ~ ~cith »ny condemnation or other tuking ot the Yropcrty, ur ~?i?N tl?c:mof, or tor conc•eyAnce in lieu ~f condemna- tion~ are hereby nssiRnc~cl and shall I~e paid to 1.ender. In thc event of a totnl tnkin~ of the Yropcrtv. tLc~ prorcr~i• ~hall h~• n~~~~licri to tl?c suw• secured by this \Sort- gt~ge, ~~ith tl~e exc~, if :?ny. ~?aici to Borrower. l~~ tl?e c~•ent oi a ~~nrtinl t~king of thc Yropcr~y, unless Borrower und I.ender othen~•isc agme in ~vritin~, them shall 1?c a~~~~lieyi to thr ~unr.• ~ccurc~cl hy this \tortgugc such propor- tion of the proceeds:~s is equnl to thAt proportion ~~i~ich the amount of the sums securecl by this ~iortgage imme- ~iiately prior to the dnte of takin~ Ix;A~ to thc tair ~uark~~t ~•ahu~ oi tl~c• Pro~~crt.~ imme~liately prior to the date of taking, with the bulance of the proceccis ~?ni~l to Aorro~~•er. ~ If the Property is nbundoneci by Borrower or if after uotir.c 1~~• I.under tu Borro~ver that the conde~??nor offers to make an nwarci or settle a claim for damuges, Aorro~~•cr fnils to re~~~ond to I.endcr within 30 days of the date of such notice, I.ender i~ suthorised to collect an~l a~?~?1~~ thc ~n-oce~~Yl~ at I.~ndcr'~ opt.ion cither to mst,oration or repair of the Property or to the ~uins securc~i 1?~• thi~ \tortkn~;c. Untess I.ender und Bormwer otl~ern isc agree in ~vriting, any such application of proceecis to principal shali not extend or postpone the due dute oi tl~e monthly installn~ents referrecl to in parugra~~hs 1 and 2 hereof or ~ ch:inge the an~ount. of such installments. 10. Borrower Not Released. F.xtension o[ tLc tiu~e for pay~nent or maiification of amortization of the sums ~ecured by this ~iortgage grnnteci by I.ender to an~~ succrssor in interest of Borro~ver shal) not o~~er~?te to release, in any manner, the liabilit~ oi the originnl RorroKCr nnd 13orro~ser's successors in interest. T.ender shall not be requin~ci to con~mence ~?roceeciings ugainst ~uch successor or mfuse to extend time for payment or othern ise modify amortiaation of the sums secured h~ tl~is \1ort~;ugc ht reasan of ~m• ~Icmnnd m~de by the original Aorro~ver and f3orrower's succes.sors in interest. 11. Forbearance by Lender Not a Wanver. 11n~ forl~e~?rnncc liv 1.ender in exereising any right or remedy hereunder, or othenvisc at1'orcieci by Applicable la~r•, sl~nll not. l~c ~r~?ivcr of or preclude the exercise of any right or remedy hereunder. T{~e procurenient of insurnnce or the paynicnt of taxes or otl?er liens or cht?rges by T.ender shnll not l~c a~vai~•er oi T.ender'~ righi. to accelernte the u~aturit~ of thc indebteclness secured by this vtortgage. 12. Remedies Cumulative. All remedies ~~mvicleci in this ~4ortgnge are distinet. ~?nd eumulative to any other right or remed~~ imder tlris \iort~age or affonle~l b~~ la« or cquity. an~l may i~c exercisecl concurrently, independ- ~•nth• or successivelv. - j 13. Successors and 1Sssiqns $ound; Joint and Several Liability: Captions. The co~•en:?nts and agreements herein contained shall bind, :md the rights hereunder chall inure to. the mspecti~~~ ~ucces~o~ and ~~igns of Lender aud Rorm~~•er, ~uhject to the pro~~ision: of ~r.~ragra~~h 17 hercof_ :111 covennnt~ an~i s~rne~nent~ of Bornoaer shall i~e joint and ~e~•eral. Thc ~•aptions an~l i~eadings of the J?,irx~ra~~l~~ of thi~ \[ort~Age are for con~~enience onty and :~re not to be used to interpret or definc the provision~ hereoi. 14. Notice. Anv notice to Rorroner ~iro~ideci for in thi~ \lort~a~;~~ ~h~lt he gi~•en bv mailin~ sucli notice b~• ~•ertifiecl ~uail :id~ImsSed to $orm«~cr nt thc P?opert}• :1~ldn~~~ ~tatc~ci 1?clo~~•. except for an~• notice required under ~,ur.igraph 18 hereof to I~e gi~•en to Borro«•cr in thc u~annrr ~~m~crihe~l b~ apPlicable la~c_ ~ny notice provided for in this \tortguge ~hall l~ ~ieemeci to have hcen ~i~~en to Borro~~•er ~chen ~i~~en in the manner designateci herein. 15. Unitorm Mortgage; Governing Law; Severability. 'Chi~ form of mortga~e comhinec uniform co~•enants for nationai use an~l non-uniform co~~ei~ants ~viti~ limited ~-ariations I,~ ji~risdiction to constitute a uniform secu- rity instn~ment covering rcal ~~ro~~erty. Thi~ \Iort~age sh:?11 I,c ~overneci by the la~c of the jurisdiction in ~vhich the Pro}~erty is locnted. In the e~•ent that an~• ~~mvision or clause of this \iortga~e or the Note conflicts with applicuble l~K, such conflict shall not atTect other_ ~~ro~•ision~ of thi= \tortgage or the \Tote which can be given , effecf, «•ithout thc conflicting ~?rovision. and to this end the ~?ro~-i~ions of thc \iortgagc anci the Note are declared to be severable_ ~ 16. Borrower's Copy. Aorro~rer ~hall bc furnishe~i <•onforn~ed cop~~ of this ~iortgage at tl~e time of execu- ~ tion or after recordation i~ereof. i 17. Tramsfer o! the Property; Assumptioa. If all or Rn~• ~~nrt of the Property or an interest therein is sold or transferreci by I3orro~vcr «ithout I.ender'~ ~~rior n•ritten ~onsent, excluding (a I the creat.ion of a lien or encum- brance ~ul~onlinate to thi~ ~iort~age, ihl the cmution of ~n~rch~~~c mone~ ~ecurit~ intere~t for household appli- :?uc~, ~ci a tr.~nsfer h}• ~ic~~ise, descent or h~- o~~er.~tion of la«• u}~o~~ the ~icatl~ of a joint tenant ar (dl the grant of any lcaschold intere~t of thrce yca~ or le~.~ not ~ontaining an o~~tion to pur~hase. Lender-ma~. ~t I.ender's option. ~leclare all the sum~ ~ecureci in• thi~ ~tortgage to be immcdiafeh• ~hie aud iit~~ ahlc. T.en~ier ~half have «aived such opt~ion to accelerate if, prior to tl~e ~ale or tr:?n~ier. 1.en~ier .u~d the person to ~vhom the Yroperty is to be sold or transferred reach agreetnent in «riting tLat thc cm~lit of ~ucli ~?cr~on i~ =atisfactor~~ to 3.ender :~nd that the interest E?ayuble on the ~ums securecl b~ thi~ ~tortgage ~liall be at ~ucl~ i•xte a~ Len~ier sh~ll request. If T,ender has naived the option to :~cceler~te providecl in thi~ {~aragr:~pL 17 arni if I3orro~~•cr: ~ucce~sor in intere~t has executeci a writ- ten assunipt•ion agrecnicnt acce~?tc~l in ~~•ritin~ h~• Lcn~ier. I.c»~ier ~hall release Borrower from all obligations under this vlortgage and the 1~'ote. If 1.ender exercises sucl~ o~~tion to accelerute. I,ender shall ~uail 13orro«~cr notice of accelerat,ion in uccordance ~~~ith ~?ar~graph }4 j]PSCOI. SIICII flOt1Cl• ~hall pro~•i~le :i ~x~ri«1 of not Ic:~ than 30 da~~ from thc datc thc notice is ~ iuailed «-ithin.EYI11C~1 BOTTOR'CI' II1S~' ~):i~• tl~c swn~ declarecl ~iu~. If Borro~rer tail~ to pn~t• sucl? ~um~ prior to the ~ ~xEiiratfi~n of ~u~h ~~criai, 1.ender iuay. ~~-ithoi~t fi~rther uoti~~• or ~Iemarnl on Borro~~•cr, in~~okc t~m- remedies per- ~ miited hv paragta~~h l8 hereof. ¢ ~ ' ~ \z~z:=[~\IF02tdi.~:o~•t::~ax~r;. Korro~~~er:u~tl Len~ic~r ftu•tl~er ~•~~~-~•n.~nt and :i~;i•ee a~ follows: ~ 18, A~celerat~on; Remedies. I:xcc~~t as j~~~o~~~dE~l .il~ ~~~':i~~}j~l? 17 hereof, u~~on t3~~rro~~~er'~ breach of an~- ~ ~~cn•eniiirt; nr a~r~,e~u~nt of Rorro~rrr in thi~ ~ibrt~;dige, u~~lu~lin~ tri~~ ~or~nant~ to ~~~hen duc am• sams secured ~ 1~~ thi~ ~Iort~age, I.ender prior to ac~~eleration ~hall u~ail notice to I3orro«~er u~ ~rm~~idecl in paragraph 14 hereoi ~peeif~•ir?g: ~ 1 1 the breach: 121 the aetion r~K~t~imil to cure sucl? 1?reacl~: ~31 a~late, not Ics; thnn thirt_v days from ~ thc ~1atc tlic noticc i~ mailc~l to Borro~~~cr. I?~• w•hi~h ~uch In-ca~•li ~nu~t bc ~•ure~i; an~l 14? that iai{urc to cure such bre~ch on or bc~forc the dat~~ ~~~ecific~l in the noti~e ~na~• rr~ult ~n ac~cleration of tl+c ~ums u~cur~~cl b~ this ~Iortg~gc .snd sale oi thc 1'ro~?~rty. If thc hresch i. not ~~ur~~ct ~?n or IN~forr tl~e date~ ~pecificti in the notice, I,ender at I.ender's ~ option ~uay +leclare all of thc s~uu:~ ~ecure~i I?~• this \lurt~aKe to bc i~wueriiateh• due :~~~d pa}able ~~ithout turther deinand and ~uay fomclose tl~ii \Iortg:~kr 1?}' ju~li~ial ~?roc~~c~iin~. l.~~n~ler ~liall f?e entitled ta collect in such proceeci- ~ ing xll ex~x~nses of foreclosure, incfudinK, In~l not {iuiit~Hl to. reasonal?Ic attorney'~ fecs, and ~asts of documentary ~ evidence, ab~tract~ and title m~?ort~. ~ , 600K 242 PAGE ~V i7~ ~ ~ . , ~ f~~, ' . I~`~ ~ ~~3 ~ ~ r~~~~ ~ ~ ~ , - -e _ .