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HomeMy WebLinkAbout1656 , ~ 8. Inspection. l.emle~• iu:?~• iiiuk~• ~?r ~•,~~r~• tu I~~• iu:~~l~• is;i..nu:~hl~• ~•ntri~•~ u~~~?~i .u?~1 iu~~~.~~•tiuu. ul the I'ro{~- ; crt~•, ~n~~~iiled tlu?t I.c~i~i~~~• ~h:~l1 ~;i~~~~ li~~rro~~~~v i~oti~•~• ~n•ior Io :u~~• ~u~li im~~~•rtiuu ~~~c~~if~•i~~~; rc.~~on:~l?Ic cflttsc• i therefur ~~elate~l to I.ender'. inl~•r~~~t in tl~~~ 1'~~~mrt~•. ` 9. Condemnalion. 'Che ~?rocecrl~ of ia~~~ a~~•anl ~~r ~•I:~iui ior ~lui~uti~c~. di~~eM or ~~onsequentinl, ii~ conncction • ~~•ith su~r coudenu~ution or otl~cr tnkin~; uf th~~ 1'ro~~crl~•, oc ~~:?rt tiu•r~~~~i. ~n• for ~•o~~~•cyau~~~~ i~i licu of condemut~- tion, nte hereb~• a~~i~nMi nn~l ;hal! hc ~,ai~l t~. Lcu~ler. In the e~•ent. ui n tutnl takin~ of the Pro~?ertr. tlu• ~?ror~•~vl: •h:~ll I~~~ :~~~~~licvl to th~~ ~iun. •~~~•w•cvl h~~ this \lort- - gug~~, ~~•ith the ex~•c~;, if iu~~•. ~~:1i~1 to Ror~Y~~~•~~r. In tl~~~ cv~~ut oi :t ~~:~rtial tukin~; uf tl~c 1'ro~u•~t~'. u~~le..• Bortower :u~~i i.ender other~~•i~c a~rcr i~~ a•ritin~. there• •I~all I~i~ :~~?~?li~~i t~? ~ I~~• •~mr ~~~~•ur~~l h~• thi~ \lort~a~ge .uc6 ~~ropor- tion of the procced~ uS 1S C(~11R~ f0 fI1R~ ~qY)~)OI't1011 \\'IIIPII tlu• :uu~~uut of th~~ ~wu~ •ccurcvl h~• thi~ \lort~;ake imn~e- ' ~iiately prior to the ~Inte of takin~; h~~:~t~ t~~ tli~• fair i~cu~k~•t ~~:ilu~~ ~?i tlir 1'ro~?ert~• imn~ctili~t~h• ~?rior to the ~lete of } taking, with the balau~~c of thc ~u•occc~t. ~n?irl io Ror~tm•cr. If the Yropert}~ is ~h~udon~i h~~ t3orro«~cr or ii siiter no~ i: h~• 1.~•n~lcr tu liorrmrcr that the cuu~lenu~or oflet~ to make a» a~~•arrl or settle a c~lnin? for ~lau~a~e~. Rorro~cer tail~ to rc~~?oml to l.cn~irr ~~ithin :i0 dnys of the date of such uoticc, T.cu~icr i: t~uthoriziHi to rallc~•t :ui~l :i~q?h• th~~ ~~n?~•~~~•~i~ :it L~•n~lcr'.: o~?tioi~ cith~•r io restomtion or re~fair of the Propcrty or to th~~ ~mi~~ ::c~~ur~yi i?}• tlii~ \Ior1~;:?~~•. Unle~s i.ender and Borro~ver other~~~isc a~rec iu ~vriting, :~u~~ such applic:ttion of pmcc~~cl~ to ~n•incipnl sl~all uot ex/encl cn• postponc tl?c duc ~11tc of the~ monthh• in~t:~llmcui• mf~~rm~l to iu ~r,tr;~~;rfl~~h< 1 and 2 hereoi or ch:u~gc thc au~ount of ~uch instniliuents. 10. Boreower Not Released. f~.xtension of ti~c~ liuu• ior ~~:?rn?ent or mcxlifi~:~tiou oi :~n~ortizntion ot the s~uns secured hy Ihis \fortg~gc grnntecl Li•ml~~r to ~u~~c~sor in int~~re•t of I3orro~~•er ~liall not operat~ to release. in .tny manner. tLc liai~ilih• oi the ori~in:~) liorro~c~~r an~l 13o~~roi~•~~r'~ ~u~~•~:sm:: iu interc~i. T.ender ~h:tl) uot he require~t to conuuence ~?rocec~lin~, 8~,*Si1115t ~n~li ~nrcc:•or or ret~r~• to ~~tend timc~ for ~~lrment or othcr«isc modif~ :unortiznt.ion of tl~e >umt ~eciurd i~~- thi~ \lort~a~~ 1?~- ~r:t~nn ~t :?u}• ~lem:ui~i n~a~l~ I~~• lhc~ ori~inal Rorm~ver :?nd Borrower's succecsois in intemst. 11. Forbearance by Lender Not a Waiver. .1u~• forbcai•:~rn•e h~- I.endcr iii exercic~n~ :~n~~ ri~ht or rcmed~= l .l ~,....s1 ' !Y ~~..,1 i. ..1' ltl, ,1...11 ? 1... _ • c . a~. v _l_, :iLi~~?iuCi. .eui:i~ii~, isiii;: ...:i ~i :ij?~+:aC:Z: +e ...iC. ii:: ..:litC: i:: i:: ~l:Ci:,:t:l~ :t:L: L1Lii.1JL Ui :iil ii~iii . or rcu~c~h~ het-~~~nder. Thc ~~mcurewcut o~ i~i.nran~c or thc• ~?s~•mcnt of taxc~ or oth~r licn.~ or ~h:trges h}• I.ender ,hall ~~ot i?c~ a ~~-;~i~-er of 1.en~ler'~ ri~ht to a~•~~~ler.~t~ thc matiu•i1~• oi the indebtc~lnc~.~ ~ec~u•c~i h~~ this \iort~age_ 12. Aemedies Cumulative. :~11 rciti~edic.~ ~n•o~•id~•~I iu thi~ \(ort~a~c :~m ~listinct aiul ~•unnilati~•e to ~ny other . right or ~rnx~lt• iu~~ler thi~ \lortt;a~e or afiordcvl 1~~• l:t~~- ~~r ~•~~~~it~~. an~l n~a~• L~~ exer~i~ctil ~on~•nrrentl~~. in~lepend- entlt- or ~~~~:cc~~i~~clv. 13. Successors and Assigns Baund: Joint and Several Liability; Captions. '1'li~• ~o~•en:~nt~ and ~~mement~ i~e~~ein ~ont.iinctil cl~all 1?in~i. an~l flie ri~ht~ liemurnler ~hall i~iurc• to. ~I:c~ m~~?e~ti~•~• •uec•e~:~o~:: :m~l acsi~ns of T.ender :u~d liorro~cer. ~i~l~jec•t t~? the• ~~m~-i~io~r ot' ~r,u;i!~r:~~~h 1 i li~•r~•~f. .~11 ~•o~•~~nant~ un~l a~,r~em~nt~ ot Aorro~rer ~hall he joiut :ui~i =c~•~r:~l. Th~~ ~•:i~itiou~ :uul Lc~:~~li~~~,: of ili~• ~~:u:~~~i•:~~?h~ ~~f ~Li~ \I~~rt~:~~,~~ :~n• ic~r ~•om•enicn~e onlt• an~l are not to be used to inter~~ret or ~lefiu~~ t hr 2n•m•i~iou: li~~r~~oi. 14. Notice. :1m- noticc to l~orro«•~r ~n•o~-i~lc~l for in tlii~ \l~~rt~~a~;~• ~Irill IK• ~,i~-~•u h~• n~ailin~; ~u~•li noticc b~- ~•ertifiecl niail :ul~h•e~se~l to Borrmr~•r :it tL~~ I'ro~?ert~• .1~1~h~~~.: :t:it~~~l 1~~•l0~~~. ~~x~•c~~t for ~u~- n~~ti~c~ m~~uirerl ~u~iier ~~.u.~gr:iph 18 hcrcof fo hc ri~•~•n to 13orrm~-c~r i~~ tii~• u~:~nu~•~• ~~ri~~rrih~~l I~}~ :q~~?lir:?1~(r I.ia-- :1m• noticc ~iro~•i~ial Cor in thi~ ~[ort~a~c ~l~:tll I~~~ ~Ieeu~~~~! t~~ li:«-c 1?c~•n ~_i~-cn to Rorro~c~~r ~~-h~~~? ~i~-~•i~ in ti~r manner ~tc~i~natc~i herein. 15. Unilorm Mortgaqe; Governing I:aw: SeverabiGty. "t'hi~ fo~~u ~~I ~uort~:s~c~ ~~~nibin~~~ uniforn~ ~o~•enant~ for nation:il ~~~c and non-unifonu co~•enant~ ~~•it1~ lin~itcil ~•:u•iati~m~ h~• iuri~~liction ro ~ou~tit»te a»niforn~ secu- rity instnnnent c~vering real ~u~o~~ert~•. Thi< \[ortfia~~e ~li:ilt In• :~u~•erncyi h~- the la~c of the juri~diction in ~~hich the Yropert~• i~ ?ocated_ In tl~e ~~~-ent t{iat an_~- pro~•i.~ion nr ~•la»~~~ of tl~i~ \Iortgage a• tlie \ote conflicts «ith :?pplicable la~~•. ~u~h conflict ~ltall »ot :iffect other ~~ro~-i~io~~~ ~i tl?i= \lort~a~e or th~ \ot~~ ~chich can l~e gi~~en effect ~cithout tl~c• ~•ouflicting ~~ro~•ision, :in~1 to fl~i~ ~~~ul ihe ~~ro~~i~iar ~~f tLc \(orf~;a~c :u~~l thr \ote are ~iecl~recl to be sevemble. ~ ' 16. Borrowei s Copy. liorro«•er ~liall hu tnrni~h~~~i a~•onfm•iu~~~! ~•~q?~- oi ihi~ \[ort~u~c at t.he time of execu- ~ i tion or after reconlation f~ereof_ ~ 17. Transfer of the Properiy; Assumption. It ail nr ;~u~- ~~;nt ut tli~~ Pro~?ert~• or ;u~ intem~t tt~crein is sold ~ I or transicr~r~l 1?t• Rorro~ccr «itliont Len~ier'~ ~?rior ~~-riifen ~~ou~~•~~r. rx~•In~lin~, ia? the ~•reation of s lien or encum- ~ hrancc -nl,mtiiinatc to tl~i~ \lortea~c. ~l~~ tli~• ~•r~:iti~m ~~f ~nnrl~a>~• iu~~ue~- :r~~m•it~- intc•r~•~~ for iion~chol~l appli- ~ :uice-. ~c) a t~:in•tc~r In• ~le~•i~~•. ~l~•<~v~nt ~n• i~~- u~~~~r:tti~nf ~~f L•«~ +~~~nn tlu• ~lc•:~tl~ ni j~~int t~~n:int ~ir ~~l? tli~ eraut of ~ ; anti~ lca~~•lu?1~1 iutrrc~t ol tlirc~• ~-car~ ~n• 1~~~~ `nnt ~•unt:iii~in~, :u~ u~~tinn ~nn•~•lia~~•. L~•n~lcr nu~r_ :it i.enclcr'~ option. € ~lecla»e all thc• ~tnu~ ~c~~nrc~l 1~~• t!ii~ ~lortt:<<,r r~~ f~~• iiuuir~li:it~•I~- ~I~n• :uul ~~:~~•ahl~•. L~m~l~r ~h:ill ha~•~• «-:ii~•ed ~ucli ~ _ ~ ~~ption tu .u•~•~~l~~i:~tc~ if. ~~rior t~~ tli~ ~:il~~ ~n• t:•:~u-i~~r. 1.~•u~i~~?• :iu~i tli~• ~~er~on t~~ ~~•huni N?c• I'ro~mrt}• i~ to bc• ~old or tran~ierre~! r~•n~•li .i~;rec•~~~ent ii~ a~•ritiu±~ ti~:U tl~~~ r•r~•~ii~ ~~i ~n~•!~ ~~~~r~~?n i~ ~:~ti~tartrn~• t~~ L~~uri~_r :u~~l th.1t the interest z ~ ~~a}-'tble on tl~e ~iuu~ ~ec•ure~l h}- rl~i~ \Im•?~;u~,~• ~h:ill I~~~ :~t -~it•li i;~t~~ L~•ri~lc•r ~h:?1! r~•~~~~r~t. If Lender l~u~ «•ai~•e~l thc optio~~ t~~ :iri~cler:itc ~~r~~~•i+l~~t iu lhi~ j,ar:?rr:t~~l~ 1 i:u~~! if li~n•r~?~~~~~r'~ ~n~•~•~•.:m• in intc•c~•~t lic~~ cxcrutc~l a~~~rit- € tc•u a~,uiu~~fion agrc~tr~uent a~~re~~te~~i iu ~~•rifin~, l.~~mi~•r. L~~~i~i~•r ~I~:,II r~•I~•a~~• Rnn•~?~~•c•r fruni all ohli~ation~ under ~ this ~[ort~ugc snd th~~ \oi~•. ~ I1 I.en~ier exercises ~u~•i~ u~rtion ?n :E~•~•ei~•r:?ii•. i.~•n~i~•r ~i~:~ii ~~~aii i~nrroiccr notice oi a~•~•~~ierztiou in accoreianec. - ~ ~t•itl~ ~~:ir.?~r:i~~ii 14 l~cr~•of. ~~u•{i nnti~•~• -1~:i1! ~?~•~~~•i~i~• ~,~•e•i~„i ~~s n~~t I~•~. tli,in 3(1 ~L•i~•• iro~u tl?r ~Ist~• thc notirc i~ ? ~uuiled ~1•ithin ~clii~h Rrn•ro~~•~v ~n,~}• th~~ ~ui~~~ ~irrlar~~+l ~l~u•. fi Iturr~~t+~~•r C:iiL to >n~•li ~u~ii~ ~?rior to thc~ ; ~•r~~irati~~r. ~?f ~urh ~~~•riu~l. L~•n~lc~r ~ua}•. airliui~t inrt:~~•r z:~,ti~•~• ~n ~i~•~u:irnl nn li~?rr~?~c~•r. in~-~?k~~ :?m- r~tnc~lic~ ~?er- = mitted I?~- }~aru~r:t~?h 18 I?c*cof. " ~~~~-l x~F~ui:at ~'u~~t:x.~x r~. I,~~rr~~~~-~•r :iu~l I.~•n~l~~r f~~rtl~~•r ~•~~~~~•u:~~it aiul :~~,re~~ :i~ t'~~ll~?~~-:: ~ ~ 16. Ac~eleration: Remedies. I•;z~~~•{n :i- ~~r~~~ i~i~~~l t~: ~~:ir:~,°•i?~!~ lit•r~~~~f. i~~~~m liin•r~?~c~~r'~ hr~:i~~ii ~~f su~- L ~•u~•rn:uit ~?r:isr~•~•~nrnt ~~i I3r?rr~?~r:•r in tlii- \lnrt<~:?t;:•. in~•i~;~iiu~,:li~• ~u~•~•~i:int~ tu ~~:i~• ~~~Il~•~i ~I~~c :it?}• -iitu~ ~~~i~um~l ~ _ !~y t~~i. \fort~:i~,~r. L~~n~lcr ~~rior tu :u~~•~•i~•r:ttic~?? -!::tll iu:~il nuti~~~• t~~ li~~rn~i~~•r ~n~~?~•i~l~•~I ii~ ~~:u:irr:~~~l~ 14 h~~ri•of ~ ` -~~ei•iit•ir,~,: ~ 1~ ti~~• hrr;i~•Is: ~Ir tf~r:~~•t~„n r~~~E~iir~~l'~r~•nn•>nri~ hr~:~~•I~: ~:i~ :i ~lat~•. uut I~•,. tli:tn tiiirtc ~la}'~ froni ~ ~ tLc ~I.~t~• tl~r nuti~•~• i~ in:iil~•~l t~~ l3~~rr~~~~-~•r. i~~- ~~~I~i,•1~ ~n~•L l~r~:u•I~ ~u~~~t I,s~ ~•~n~~•~1: su~t ~•ti th:it failnr~~ to ~urc >uch Y i,rc•a~~l~ „n ~n~ t~~~i~~r~•:i~~• ~ist~• :~n~rifi~ ii: Ilu• n~~ti~•~• ni:i~• r~~~ni~ i~i :u•~~~•I~•~:itinn ui tlu• •uni~ ~~•rin•~•~1 1~~• `l~i• \lorit;a~c i : :it~~l ~:ilt• i~i tltt• 1'ru~1~~r1t-. ff tlic hi~~:t~'li i~ ut~t ~•uc~•~I ~~n ~n• I~i•tt?n• tIu• ~I:?I~• ~~n~i~~tii~cl i~t tlu• nuti~•~~. L~•nil~•Y :?t l.t~n~icr~~ ~ ~ u~~ti„n ur.i~• ~{,.~.l:~r~• a!I ~~i t!u• ~iui~. .,.,.~n•e•~! i~~• il~i> \lnrt~~:~~~~• 1~~ I~~• in~u~~•~li:~t~~l~- ~lu~• :in~l ~~:~t-ahl~• ~citli~?nt fnrthe•r ; ~ ~I~~~u:u~~l ,uul ~n:~t• i~n•~~~•lu~~• thi~ \I~~rt~,:~~~~~ L~• ~inli~•i:~l ~~n~~•~•~•~lin_ 1.~•n~l~•r ,h:?Il h,• ~~ntitl~•~l t~~ ~•~~li~~~~t in •u~•{~ ~?ri~~cc~l- ; ~ iu~; :~II ~•x~~~~n=~~~ ~~f for~~~•l~?~inr. in~•I~uliu~,. I~~it n~r~ liinii~~~1 tn. :•~:i~~~u:~l~l~• :t?t~n•n~•}•'~ fr~•~. :ui~l ~•~rt~ uf ~loc~mu•ntv}• ~ s ~~~•i~lence,:?h.trar•t.;:ui~i ti~lr r~•~~~~rr~- ~ s ~ 6~oK2~4 ~~s~~ d , ~t_ _ _ ~ ~~r~ ~ _ _ ~ ~ ~ - ~