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Home My WebLink About0300 i • i ~ \ • f t. i r ; 8. In~pectlon. Lender may make or cawe to Ds made ~woaabb ~trie~ upoa aad inspsctions of the property. provided t~t Lepda ahall ~ ~ive Borrowet Aotica prior to aay ~uch trupsctioa spscib?ins reawaabl~ caws Wtrtfo~ related to IwndR'~ inhr~st u? ~uyproperRy. j 9. Condemawtioa.'lUe prooeed~ of aay awerd or clsim tor duna~M. d11'OOt O[ OOiI~lQYQAL~aI.;1l O01lt10C~0A N?IW iRy OOD~~IOD Ot other tskia~ of We proper4Y. or part thaeof. or fa aonwyu,oe ia tieu oi ooademnsaon. ers bereby aMi~aed aad ~hall bs paid to Iwad~r. Ia the event of a bW tski~ of the PropsrtY. the peo~wd~ ~hall bs applied to tbe sums ~ecnred by this M~st~a~e. Nith tbs esoea. if aq~?~ paid to Borroaer. I~ tM wsnt of ~ partial takias of th~ Proqrty. nnlen Boerow~ aad I.eader oel~awi~s a~ree in writin~. thers ~hall bs appGed to the wau ~scured by this Mat~a~e su~h pooparti~ o[ ths procaed~ as i~ equal to that propoctian which We amouat ot tbe ~uaa~ ~ secured by ehia MortQase immedietely prior to ths date of takins bean ta the tair market value ot We PtoperiY immediatal,jr prior to tbe dat~ ot tahin~. ~th ths belanca oi the pmce~b yaid to Bo~ro~res. ~ If We Prop~t~r iu abu~dooed by Borrowes. or ii. aRss notioe by l.eud~ to Borrowsr ehat the ooademnor offer~ to enake an ~wud or ~ettk • claim for dams~e~, Horro~rer fsib b re~pond to La~det witbin 30 day~ eR~ tbe dete such notios u meiled. I.end~ u authorised to oollect ead apply the prooesdi. at Iender'~ opNon. eithe~ to n~tontion ~ repair of We p~operty os to t~ ~um~ ~ecnrsd b~r thi~ Moct~aa~e. Uals~s I.~der end Borrowre~ othe~wi~o aQne ia w~itin~. aay anch ayplication oiprooeed~ b principsl shall aot estead o~ postpone We dne date of We moAthl,y installments ret~red to in pasa~raphs 1 ued 2 hereof or chan~e the aa~onnt oi ~ucb irutallmeuL. 10. Borro~?er Not Released. F~tenrion of the time for paymsat or madification of amoitization of the ~ums ~eciued by this Mort~a~e graat~ed by I.ender b any succ~ssor in interest of Borro~ver shall no! operate b nleaae. ia any manner, the liability of the ori~inal Borrower ~ and Borrower's ~uoceswn in intereat: Lender ~hap aot be rpuired to oommenoe prooeedinQs aBaitut such snocawr or refwe b est~eud time ~ for payment or othezwise modify amortization oi the swns ~ecured by this Morigage by rea~on oi any demand made by the ori~inal Borm~res ~ and Borrower s sucaswn in intetest 11. Forbearance bp I.ender Not a Wdve~. Aay forbearanoe by Lender in e:e~aing aay ri~ht or r~mdy hers~ader. or oWe~ri~s afforded by applicable law. ahell aot be a waives of or pnclnde the ezerrise of eny sqdi ri~ht or remedy.'lbe p~ocurame~?t of insnraaoe or the payment of tase~ o~ other lieas or char~es by Lender shaU aot be e waiver of Leade~~ ri~6t to aooelera~le the matnrity of the iadabtednes~ _ aecured by thia Mo~age. 12 Remedie~ G~muladve. All nmediee ~ovided 'w this Mart~a~e are diitind aad cvmulative b aay ather riaht ar remedy aader thia Mortgege or atforded by law or eqnity. and mey be eserci~al ouncntreatly. iadepeadendy or suooaavely. , 13 Suooeswr~ and Awisnt Bound; Joint and $everal Liabilit~r; Caption~.1l~e oovensnb and agreemeats heraia oontained ~hall bind, and the right~ here~nder ehall ianre to. the respective suc~or~ and a~n~ oi Lei?det and Borroaer. ~nbject b the provisions ot 1 paragraph 19 hereof. All oorenents and agreemeAts of Borrower shaU be joint and ~everal.'1Le captions and headinga of the paragrapl~ a[ ~ this Mortgage are for oovenienoe anly and are not to be wed b iaterpret or_define the provisioas henoL ~ 14. Notice. Except for any notice required under epplicable law to be given in anoLher menner. (a) any notiee to Borrowes provided for in thia Mortgage shell be given by mailing sach notioe by oertified mail addres~cd to 8orrower at We Property Addre~s or at such other addrea as ~ Borrower may desiBnate by aotice to Leader as provided herein. and (b) anY aotice to Lendee'sh'~li brgivaf~ by certified mail. return reosipt ~ requested, to Lender's addre~s stated herein or b wch other addrew as La?dQ may designate by notioe to Horrower as provided herein. My notioe provided !or in this Mortgage ahaU be deemed to have bcen ~iven b Borrowrer or Leader ~rhen giv~ in the manner de~ignated here~n. ~ 15. Uaitorm Mort~a~e; Governin~ I.~w; Severabiuty.'I7iis form of mortgege combines nniform oovenants for natioaal use and noa- uniform oovenants with limited variations by jurisdiction to oonstitute suniform security instrument oovering real propaty.llu~ Mort~a~e ~ ehall be gmerned by the la~r of the juriediction in which the Prope~rty is located. In We ev~t that aay prowioa or clause of this Mortga~e ot the Note coaflic4 with apDlicable law, snc6 eonflict shall not affec! otha provisioas of this Mortgage or the Note which can be giv~ e~ect without the oonilicting pmvision, sad to this end the provisioas of the Mortgage and the Note ara deciarsd to be severable. 1& Borrower's Copy. Borrower shall be furn'iahed a ooaformed oopy of the Note and of this Mortgage at tl~e time of e~cecntion or after , recordation hereot ~ 17.1tiransfer of the Property; A~sumptlon. If all ~ any part of the Property or an intcrest therein is sold o~ trensferred by Borrower ~ without Lender'e {xior written conaent, e~cduding (s) the creation of a lien or encumbrance subordinate to this Mortgage. (b) the rnation of a - pnrchase money security interest [or honsdiold applianoes, (c) a tranafer by devi~e, desoent or by operation of Iaw upon the death of a joint ~ tenant or (d) the grant of any leasehold intereet of three yean or lese nd oonteining aa option to.p~hase. Leader may, at Lender's option. declare all the eums secured by thia Mortgage to be immediately due and payable. Lender ~hall have ~vaived such option to aooelerate if. prior to We sale or transfer, Lender and the pereon to whom the Property ie to be sold or transferred reach agr~eemeut ia vvriting tl~at the crediE of snch p~rson is satisfactory to [.ender and that the interest payable on the suma secured by thir Mortgage ahall be at such rste as I.ender ehall request. If Lender has waived the option to accelerate provided in Wis paragraph lT. aad if Bo*rowde snoceaaor in intsrest haa euecuted a ~ ' writte~n aaeumption agreement aooepted in writing by Lender, [.ender shall release Borrower trom all obligations ~nder thi~ Mortgage and the ~ ~ Note. ~ If Lenda ~eerises snch option to aooelerate. Lender shall mail Borrower notiee of aocelaatioa ia aooordanoe ~rith parsRraD~ 14 6erooL d- ~ Such notice shall pmvide a period of not leas than 30 days from the date the notioe is mailed within which Borrower may pay the ~ums declered ~ ~ due. If Botrower fails to pay such anme prior to the e:p"uation of such periorl, [.ender may. without inrther notice or demand on f3ormwe:. 's mvoke any remediea pe:mitted by paragraoh 18 hereo! ~ 18. Aooeleratbn; Remedies: E:cept as provided in para~rap6 17 hereof, upon Borrowrer's breach of any oovenaot or ~ a~reement of Borrower tn this Mort~age, includins t6e oovenants to pay when dne aqy sum~ seaared by this Mortsa~e. Lender g prior to sooeleratlon sluuU mail aotjce to Borrower as prnvided in para~raph 14 hereof ~pecityin~: (1) t6e breac6; (2) the actjon ~ € requlred to cure wc6 breach: (3) a date. not less than 30 dsys firom t6e date tbe notioe is maUed to Borrow~. by w+hich mch ~ breach must be cured; and (4) t6at failnre to cure wc6 breach on or betore the date ~pecitied in tLe notioe msy re~alt in ~ aooeleration of the same secured by thb Mortgage, forecloeure by jndicial prooeedin~ aad ~ale otthe Prop~ty. The notice rhall ; furt6er intorm Borrower o[ the rig6t to ~reiastate aRer aa;eleration and t6e ri~6t to araert in t6e fos+eclo~nre prnceedin~ the ~ non-esistence of a detault or any other detense ot Borrower to saxleration and foreclos~cre. I[ t6e breach i~ not cured on or ~ be[ore the date specified in the notice, Lender at Leader's option may declare all of tbe eum~ secared by t6L Mortgs~e to be ~ immediately due and payable without turt6er demand and may loreclose t6is Mort~a~e by Judicial proceeding. I.ender shall be - entitled to collect in such proceedin~ all e:peases o! toreclosure, including, but not limited to. reasonable attorney's fees, aad ; costa of documentary evldence, abetracts and title reporta . 19. Borrowet's Risht to Reinatate. Notarithstandiag Lender's aoceleration of the sum~ secured by this Mortgage, Borrower shall have i the right to have any p~dings begun by Lender to enforoe this Mortgage disoontinued at any time prior to entry of a judgment enforcing ~ thia Mortgage if: (a) Borrower pays Lender all sums which would be then due nnder this Mortgage, the Note aad notea eecuring Pbtnn Advanoea, if any, had no aoceleration oocnrred; (b) Borrower cuns all breachee of any other oov~enta ar agreemeats of Borrower oontained in f ~ thia Mortaege; (c) Borrower pays all reasonabk espensea incvrred by l,eader in eaforcing We oovenaat~ and agreementa of Borrowr~ o~ntained in this Mortgage and in enforcing Lenda a remediea as provided in paragraph 18 hereot. incinding, bnt aot limited to. reasonabls i ~ attoraey's feea; and (d} go~wer takea such action as I.ender may reasonably reqnin to aas~ue that We liea of thia Mortgage. I.ender's intere~t ~ ~ in the Property and Borrowe~s obligaRion to pay the suma secured by this Mortgage shall oontinue unimpaired. Upon s~6 payment and cnre ~ by BorroweF. this Mortgage and the obligationa secnred henby ahall nmain in fnll foroe and dfect ea iI no aoceleration had occurred. ~ 20. Assignment ot Rents; Appointment ot Reoelver. As additional sec~rity hereunder. Borwwer hereby assign~ to Lender the r~ta _ ~ ~ oi the Property, provided that Borrower ehall, psior to aaoeleration under paragraph 18 hereof or abandonment of the Pmperty, have the right ~ to oollect and retain euch rents aa they become dae and payable. : ~ Upoa aooekration undrr peragraph 18 hereof or abandonment of the Property. Leader ahall be entided to have a reoeiver appointed by e ; ~ oo~vt to enter.upon, take possession ot snd manage the Property and to rnllect the rente of the Property, including tbase past dne. All reats ( ~ oollected by We receiver shall be applied first to payment of the oosb of iner?agement of ihe Property and oollection of renta, inclnding. bnt not limited to, receiver s fees, premiums on nceiver's bonds and reasonabte attorney's fees, and then to the sums secnred by this Mortgage. The I ~ receiver shall be liable to acoount only for those rents actually reoeived. - ~ ~ . ~ ~ . ' ~ e - ~ ~ Y ~-YV f~ ~O i ~ ~ ~ ~ ~ - - t ~ _"oZ'~,~~~..~^'.:~c`5~~4~.. ~..r .~~-~w' , ~ 3~..~