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Home My WebLink About0931 . ~ ) ' . 8. In~pection. Iwnder may make or cauN b bs mad~ naoonabl~ ~atries upon ~ad ia~pection~ of the properf,y. provided that Lender shaU Riw Borrowe~ aotioe p~ios b eny wch in~p~ction ~pecatyins e~eawaable cauN tl~erefa~ related b Leader's iAtee~t ia the Property. 8. Coodemowdoa. 71,e pe~oosed. ot any a~~u~d or cWm for dam.~es. direc~ o~ ooaasqueaaal. in ooaaection ~rith an~r coadaaaaation ~ oWer tskin~ ot the ProPec~j?. or parl th~e~wt. or [at ooawyaap it?1i~ af ooadeauuNo~d. ars h~eby as~itaed aAd ~hall be paid b Lsade=. - In ths ev~t of e~ tutal tatint o! t1~e Proaerty. the procesd~ ~hall bs apalied to t6~ wnN ascured by thi~ M with ths esoew. it anY. paid w Bore~ower. Iq tho eveat ot ~ partiai telcin~ of We Propervr. er o~vri~e a~ree ~n wntu~~ t ere applied to the sna~ ~ecand by thi~ Ma~a~e anch propation of the pi~ooseds as u equal to that proportion which the unount ot We ~nnu secured by this Mori~a~e immecli~tely prior to tbe date ot takin~ bean t~o the fair merkd value of ths Prop~rtx imnaediat~y prior to tbe date of takin6. wiW the balsnoe at the prooesd~ paid to Borrower. . ~ If the Prope~y ii abandon~d by Borro~, o~ i~ aRer notios by I.~der to Borro~ver that the oondemnor o~en to make an award or ~ettk a claim for dama~es, Borro~rer Iaib to re~pond to I.~der within 30 day~ aRe: the date such aotios ia mailed. Lepder u autborisad Lo coUect and aPD~.1? ~ P~. at L~de~~ option. eithar to redoration or repair of the prope:ty or to tbe aums ~ecured by this Mat~sge. UAles~ Lender and 8orrow~e~oth~v?i~e a~ree in rvriting, any such application of pmceeds to principal shall aot ext~d a po~tpoae We dne date of tbe montl~y instaUments rsferred ~o in para~raplu 1 and 2 hereof or chan~e tl~e smonnt oi nich iiutallmeuta. 1Q Borrower Not Relea~ed. Estension of We time for pe~ymsnt or modificatioa otamortisetion of the auma seeured by this Mort~aQe granted by I.ender to aqy oua.~eewr ia interest oi Bosrower shall not operate to release. in any manner. the liability oi tAe original ~3orrower and Borrow~'s suocessora ia iaterest Lender shall not be required to oommenoe pmceedings against such saoceswr or refuse to e:tet~d time for payment or otherwise modify amortization of the aums secured by thia Mortgage by reawn of any demand made by the origiael Borro~ver aad Borrower's auooeawre in interest - 11. Forbeuanoe b~ Leader Not a Waiver. Any forbearauce by Lead~ in euercasing aay reght or nma~y hereander. ar otherwias aSorded by appHcaWe law~ ahaU na be a waiver of or preclude We ese~ci,s of sny.nch right a~ ramedy. Tbe pmcurement of insusanae or the paymeat of taze~ or othei lien~ or chargas by Lender shall not be a waiver of I.ender's right to aaoelerate the maturity of the indebtedness secured by this Mo~tgege. . 12 Remedies G1~m~4tive. All rea~edies p~ovided in thia M~age are diatinct and cumnlative !o any other right or remedy ande= tbi~ Mortgage o~ afforded by la~r or eqnity. and mqy be e:enaaeil ooncnrrently. independendy or suoc~vely. 13. Soooesws~ and Assigtu Bo~utd: Joint sad Sevaral Li~biliq , Caption~.'1Le wveaanb and agreem~?ts he~ein oontained shall bind, and the righta herennder shall inure to. We respective suaeesso:s and es~igar of Lender aad Bosrow~r. subject to !he provisions of paragraPh 1? hereoL All covenants and agrcements of Bormwer shaU be joint and ~evaal. T6e captions and headings of We paragnaphs of this Mortgage are for oovenienoe oaly aad are aot to be ueed to interpret or de5na tbe provisionr he:eof. - 14. Notice. Except for any notioe required under applicable law to be given in another maan~. (a) any notice to Borrower provided for in thia Mortgage ahall be given by mailing euch notioe by oertified mail addremed to Bonower at the Property Address or at such other addres~ as Borrower ~nay designate by noqoe~to L,ender as pmvided herEin, and (b) any notioe to I.ender shaU be given by cx~tified mail. retum reoeipt requested, to Le~der's addnas stated herein or to auch other address as L~der may desigaate by notioe to Borrovrar as provided harein. Aqy notioe provided for in this Mortgage shall be deemed to have be~? given to Borrower or I.ender wrhen givea in the manner d~signated herein. - 15. LJniform Mort~ey~e; Governias I.a~v; Severability.ll~ie form of mortgage o~4ines nniform oovenanb for national nse and noa- wuform oovenants with limited variations by jurisdiction to oonatitute a uniform secarity inatnuaeat oovering real property.'lbis 11~ortgage shaU be governed by !he laa of We jurisdiction ia which We Peoperty is located. In the event that aay pmviaion or cla~se of this Mortgage ~ the Note conflicta arith applicable law. snch conflict shall not affect othe~r pmviaions of thia Mortgege or the Note which can be givea effed without the ooatlicting provieion, and to thia ~d the provisiona of the Mortgage and the Note ere declared to be aeverable. 16. Bonower'~ Copy. Aorroaer ahatl be famished a oonformed oopy of ~he Note and of Wis MortBage at ~he time of e:ecnaon or atter recoedation hereof. 17.1~ea~fer of t6e Propert~; Assumption. If all or any part of the Property or an intereat thenin i! eold or transferred by Borrower without I.ender's prior rvritLen coneenk ~clud.ing (a) the creation of a lien or eacumbrance subordiuate to thia Mortgege, (b) the creation of a purchase moaey sec~rity interest for household appliances. (c) a tranafer by devise, descent or by opreration of law npon the deat6 of a joint tenant or (d) We grant of any leasehold intes+est of three years or less not aontaining an option to purchese, I.eader may.at I.ender's optioa, ~ declare all the suma secured by this Mostgage to be immediately due and payable. Lenda shall have weived such option to aocelerate if, prior to the sale or transfer, I.ender and the peraon to whom the Property is to be sold or tranaferred r~ach agrcement in writing that the ce+edit of snch person ia eatisfactory to I.ender and that the interest payable on the aums eecured by lhia Mortgege ah~l be at anch rate as I.ender ahall requeat. If Lender has waived the option to eooelerate provided in thia paregraph 17, and if Borrower's suc~oessor in intereat has ezecuted a written assumption agreement sooepted in writing by Lender, Lender ehall release Borr~ver from all obligations under thia Mortgage and the Note. ' If Lende: ~ercises such option to aooelerate, Lender ahall mail Borrower notioe of aooeleration in acoordance with paragraph 14 hereoL ~ Snch noticx ahall pmvide a period of not leaa than 30 days iroan the date the notice ia mailed within which Borrower may pay the suma declared ~ dua If Borrower fails to pay such•sama prior to the e:piration of such period. Lender may. withont fnrthet notice or demsnd oa E3orrowrer~ € ?nvoke any remedies pamitted by paragraoh 18 hezeof. 18. Acceleratiori; Remedies. Bzcept as provided in paragraph 1? hereot. upon Borrower's breach oi any ooveaaat or ~ ageement oi Borrower in this ~ortga~e, includins tbe oovensnts to pay ~vhen due any anms ~ecured by thia ~[ortaage, Lender ~ prior to aooeleration s6all mail notioe to Borrower as prnvided in paragraph 14 6ereof specifyf ng: (1) t6e breach; (2) the actioa required to cure wch breac6; (3) a date, not less than 30 daya from the date t6e notloe is mailed to Borrower, by which snch bread~ most be c~red; aad (4) that failure to cure such bre~?ch on or before the date ~peci8ed in t6e notioe may result In acoeleratioa of t6e aums eecured by thie Mortgage. forecloaure by jndicial prooeedin~ and rale of the Property. T6e notioe ahall further intorm Borrower of tbe right to reinstate atler aoceleration and the ri~t to aesert in the torecloeure proceedin~ the non-e=iatenoe of a defauit or any other defense of Borrower to aoceleration and toreclosure. If the breach is aot cnred on or ' ~ betore the date specified in t6e notice, Lender at Leader's option may deciare all af the aume secured by this Mortgage to be ~ immediately due and payable without turther demaad and may torecloee this Mortgase by judlcial pmoeeding. Lender ahall be . ~ entitled to oollect io sach prooeeding all e:pensea of foreclosure, Including, but not limited t6, reaeonable attomey's fees, and ~ coets of documentary evidenoe, absRrscts aad title reporta. ~ ; 19. Bon+ower's Ri~ht to Reinstate. N~wriWstanding Lender's aoceleration of We eams secared by thie Mortgage, Bornowerahall have ; the right b have any prooeedings begun by I,eadez to eaforce this Mortgage discontinued at any time prior to entry of a judgment enforcing j this Mortgage it: (a) Boreower pays Lender all aums which would be then due under this Mortgage. the Note and nMea eecuring I~tnre 1 Advanoea. if any. had no aoceleration oocurred: (b) Borrower cures all breachea of any other coveaaats or agreemeata of Borrower contained in ( this Mortgage; (c) Borroaer pays all reasonable acpenies incurred by Lender in enforcing We oovenants and agreements of Borrower = g aontsined in t2iis Mortgage and in enforcing Lender's remediea aa prnvided in ParagtaPh 18 he~of, incinding, but not timited to. teasonable t f attozney's feea: and (d) Borrower tekee such action aa Leader may reasonably require to aesure that the lien of tbia Mortgaee, Lende:'s inLere~t 1 ~ in the Pro ~ perty. and Barrowe~a obligation to pay the suau aecured by this Mortgage ahall oontinae animpaired. Upon sach payment and cure ~ by Borro~v~, thia Mortgage snd the obligations secnred h~eby shall rewain in fiill force and e~ect ss if no acceleration had oocnrred. ~ 20. Aasip~ment olRenta; Appointment of ~teceiver. As addiGonal aecurity hezeunder, Borrower hereby aesigns b I.ender the rents t_ ~ of the Froperty, provided that Borrower ahall, prior to aooeleration under paragraph 18 hereof or abandonment of the ~ to collect and retain a~h reats as they beoome dae and payable. ~P~Y.havetluright ~ Upon aooeleration ander peragraph 18 heseof or abandonment of the Property. Lender ehaU be eatided to have a reoeiver appoint,ed by a ~ o~urt to enterapon, take poe~sion of and manage the Property and to oollect ~he renta of the Ptoperty, including thase past dne. All n~ts ~ aollecteii by We rsceiver a6a11 be applied 5ret to payment of the oosts of management of the Propezty and ooUe¢4on of renta, incl limited to. reoeivds feea, premiums on receiver's bonds and reasonable attom ~•~tp~ ~ ~ reoaver shall be liabk to sooonnt only far ttw~e rents ectuelly rcoeived. ~s fee~, and then to the aums secared by this Mortgage.ll?e ~ ~ ~ ~ . ~ ~ ne~ , ~ ' 60GK ~V ~7 PAGE t7~rV . ~ ~ ~s` s~ .u . 7:-~• . . . - ~ - ------.-..i1~ {'~~~`„~~-r -~-a,~?~..: ~ 5" ~~'~"`"a~'x '~N"`,a`~.~ ~ ~ r~r~'~~' -s ~'S~ : K.- a _ s. . ~ _ . r~~~