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Home My WebLink About0317 ; } . t t • ' i t 8. ln~pectlou. I.ender may make o~ caws b bs mad~ rwo~abb a~trie~ upoa aad iaapectiona olthe pmpei~y, pwvided that Lender abaU = ~ive Borrower aotios prior `o any ~uch Lupsctioa specib~ins reewnabb cau~s ther~far related to Iwnd~'~ iMeral in th~ Propatjr. t 9. Co~demnadon.'11~e prooeed~ of any awud or ciaim tor danu~ea. dir~ct a~ oo~~equential. in coanectioa ~rith any ooademnadon or # oWK takln~ of tl~s P~'oP~Y. ~ part th~reof. or ror ooawyanoe tn 1i.u o[ ooa~naa~, s~e her.by .eal! bs p.;d b t.e~a~. t In the eveat of s total takin~ of ths Prop~rtp. the pm~wda ~hall b~ appWd to tb~ sum~ ~ecured by thi~ Mort~+~0. wiW Ws ea~osM. it ! paid to Borro~rtr. Ia the rvent ct ~ pprtial t~i~in~ o[ the Pi+np~y. uul~ Ha~e~ow~ and 1.~ othenvi~s a~es ia wriNa~. th~r~ shall b~ ; applied to the sudu ~scured by thi~ Mat~a~ +nch D~oPo~iouu d tM pmcesd~ iu i~ eQual to tbat proportion which tlse amount ot We ~um~ ; ~ecvred by thi~ Mcrt~~ immediately p~ior b the date ot taldn~ beRn b the fair mukd valne of the Prop~dy immediat~ely prior to the dste ot ~ t+?kint. wiW the b~lanoa of tba pe~ocasd~ paid to Borrower. - } 1[ We Ptop~ty i~ abandoaed by Boreo~rer. o~ i~ aRer aotiw by LeAder b Bo~ro~nc that tbe oondemna~ oiter~ to make an a~rard or ~ettk a ; clsia~ [or dama~e~, Borrower tail~ to rapo~nd b I~eada witbia 30 day~ aMr th~ date ~nch aotias is mailed. Lend~r ia anthorised b ooUect ~nd ~ sPPiY ~ P~~~ ~t 1.~dK'~ option. eithe~ to re~eoraNon or repair oi ttM prop~rqr or b the ~nm~ ~ecured by tbi~ Moets~s. ~ Un1eN La~ and Borrower otherwi~s +~~ee in writin~. auy such appticalion of prooeed~ to principal shall rwt estRad or pwtpoae the dne date ot the monthly iasWimenb referred to in par~raphs 1 Rnd 2 he:eoi os cbanje th~ awonnt of wch iruWlmenfs. _ 10. Borrower Not Relew~ed. F.Ytension ot the tiaae for paym3nt or tnoditicetion of unortisation o! the sum~ ~ecured by thia Mo~e~e ~ granted by I.ender to any succeesor in iatsr+est o[ Borrower shall rwt ~erste to rele~ae. ia any maaA~. the liability of the ori~iaal Borrower and Borro~'~ !n interest I~ender ~haU not be required tu ooma~enoe prooeedin~s a~ain~t ~uch suocerwr or refwe to e:tend time for pqymer~t or othawiae modity amortization otthe sum~ secured by thi~ Mort~a~e by roaion of any dsaand mede by the oriQine! Boim~ra } and Borirower a su~eesrors in int~rres~ 11. Farbearanos by Lender Not a Wdver. My forbearence by Leoder in euemsins any ri~hc ~ remedy herennder. ar otha~wi~e ; agorded by appticabk law. shall not bs a w~aiver otor preclude the e~erci~s of any ~ach ri~ht or remedy. 71~e pmc~at of inauranos or the ; payment ot taxes or other lieaa or char~es by I.ender ~haU not be a waives of [ender'~ right w aooelerate the ma tnrity oi the indebtednew ~ seatred by this Mott~aQe. { 12 Bemedie~ G~moladva AU remedie~ provided in thi~ Mort~a~~ are diitiact aud cnmulative to any ather ri~6t os remedy mder thi~ } Mortga~e or eftorded by Isw or equity. and may be ~erciae~l o~acunently. indepe~dendy or inooe~sivdy. _ ~ 13. Swx~eawrs and Aaipu Bound; Jotut aad Sereral Liability; Csption~. The oovenanb aad agreements herein contained shall . bind, and the rights hereundar ~hal) inurs to. the re~pective suocewon aad eso~n~ ot I.~der and BorroMrer. subject to the provirion~ of ` para~raph 17 hereo[ All oovenant~ and a~ree~aenta of Bosrower ~hali be joint and ~everal. 7Le ca~ione and headin~ oI the paragraplu of ~ this Mort~age ace for covenienoe oniy and are aot to be u~ed to interpt~et or de5t~e We pcoviiio~ hereof. i 1~. Notice. E:aept for any notice required under applicable taw to be given in another manner, (a) any notice b Borrowe~r pmvided for in s this Mortgage ahall be given by mailing wch notice by oertified m~W addres~ed to Borro~vsr at the Property Adrlcew or at ~uch other addreN a~ ~ Bormr~ may de.ignar,e by nociee to Lender a. provided hereia. and (b) any notioe to Lender shall be given by oerti5ed mail, nturn reoeiP~ a requested. to Lender'. address sca~ed herein or co •uch oehat addn.s a. Lender may de.ignak by noaoe to Borro.ver as provided herein. Any ~ notice provided for in this Mortgage shall be deemed io have bea~ ~iv~ b Borrower or I.ende~ w6en Qiven ia the manner desiQnated hes+rin. 's 15. Unitorm Mort~ase; Governln~ I.aw+; $everabillty.'f hi~ form of m~gage combines uniform aovenanL for astional nae and non- uniform ooveaants .vith limited variations by juriadiction to omutimte a uniform aecurity inrtrument aoverinQ resl property: 7~i~ Mort~age ; shaU be governed by the law of the jnri~diction in which the Property is located. In the event that aay provision or clause of this Mortga~e or the Nols coniiicts with appiicable law, ~uch oontlict ahaA not effect other provisions o! t6is Mortgage or the Note which can be givea etfect without the o~nflicting pmvidon, and to ehis end the provision~ o! the Mortgage and the Note are declared to be ~everable. , 1& Bosrowrer's Copy. Borrower ~hall be furniahed a oonformed oopy of th~ Nc?te and o[ Wi~ Mortgage at the time of ezecation or a!'ter recordatioa heieof. . . 1 T. 't~an~fer o! t6e Property; A~snmptioa. U ali ar any part of the Prap~iy ar an interat therein is rold or tran~ferred by Borrower ' without Giender's prior r?rittea consent, excluding (a) the creation of a lien or encambrana ~ubordinate to this Mortgage. (b) the creation of a purchase money eecvrity intesest for houachold applianoe~. (c) a tranafer by deviie. deecent or by operation of law upon the death of a joint cenant or (d) the grant of any leasehold intereat of three years or leaa not o~ntaining an option to purchase, Lend~ may. at Leader's option. declare all the sums aee.vrea by thia Mortgege to be immediately due and payeble. [.ender thall hsve waived ~nch option to aooelerate if. prior to the sale or transfer, Lender and the person to whom the Property is to be sold or transferted reachegreement in writing that the credit of ~uch person is satisfactory to [.ender and that the interest payable on the suma eecured shall be at such rate as Lender shall request. If Lender has waived the optioa w accelerate provided in this paragraph 17, end if Borrowds suocesaor in intereat has ezecuted s S written asawnption agreement accepted in writing by I.ender, Lender shal! ~elease Bosrow~ trom ap obligations under this Mortgage and the IVote. - % { i It Leader a~rcises such option to accelelate, Ixndes e a!1 mail Borrower notioe of aooeleration in aooordanoe with paragraph 14 henot ~ Such notice ahall provide a period of not lesa than 30 days irom the date the notice is mailed within which Borrower may pay the sums declared ~ due. If Eiorrower faila to pay such sucns prior to the e:piration of such p~iod. Lender mey, without further notioe or danand on E3orro~ver~ ~ ~ mvoke any reaiedies permitted by paragraoh 18 hereof. ` i ; ~ 18. Aooeteratton; Remedtes. Escept eu provided in pwra~raph 1~ hereof. upon Borrower's breach ot aq~ oovenant or ; t agreement of Borrower in thlo Mortga~e, lacludin~ the oovenants to par whea dne any snm~ secured bp thi~ Mortsa~e, I.~der ? ~ prior to aoceleration ohall mafl aotioe to Borrower a~ provided in para~raph 14 hereof spedlyins: (1) t6e breac6; (Z) the action ' required to cure such breac6; (3) a date. not lea~ thao 30 days trom t6e date the notice L m~Iled to Borrower. by whlch snch ~ ~ breac6 must be cnred; and (4) tbat tailure to arre wcb breach on or betore the date ~pecifted in t6e nodoe may result in ~ ecoeleration o! We wms secured by thL Nortgage. [oreclosure b~ judjejal prooeedtn~and saleoiche Pro~rcr.The notice~hwll _ ; further inform Borrower ot the ri~ht to reinstate atter aooelention aad the ri~6t to as~ert in the toreclo~ure prooeedi~f~ the ~ non-e:istence o! a default or any other dete~ue ot Borrower b aoceleration and toreciowre. I[ t6e breacb is not cured on or s betore the date speciBed in t6e notkx, Lender at Lender's option may declare aU of t6e snau secnred by thL )dorttt.~e to be immediately due and payable with~t furtfierdewand and may foreclose thb Mort;ase by judlcial prooeedin~. Leader ~hap be ? entitled w oollect in such proc~eedias all e:penses ot toreclo~ure, includias. twt not Waited to, reawnable attorney'~ tees. aad ? costs ot documenlary evidence, ab~tracts and title reporta. ~ 19. Borrowrer's Ri~ht to Reiaatate. Notwitlutanding [.ender's aoceleratioa of the sums ~ecured by this Mortge~e, Borrower shail have ~ the right to have any pra.~eedings begun by Lender to enfaoe this Mortgage disoontinued at any time prior to eatry of a judgment enforcii?g ~ thia Mortgage if: (a) Borrower pays Lender all sums which would be then due under this MortgaQe. the Note and notes eecuring Future ~ Advanoa, if any, 6ad no aooeleration oocurred; (b) Borrower curea all breaches of any other oovenents or aareements of Borrorver oontained in ~ thi~ Mortgage; (c) Borrower pay~ all reasonable apense~ incurred by I.ender in enforcing the covenanL and agreemenL of Borrowra ~ oontained in lhis Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof. inclnding, bnt not limited b, reawnabls f $ attorney's fees; and (d) Borrower taka sncb action as I.ender may rrasonably require to aaure thet the lien of thia Mort~age. Lender's interert s ~ in the Pmperty and Burmwer's obligation !o pay the suma secured by thia Mortgage shall oontinne nnimpaired. Upon such payment and cure ~ by Borrower. thia Mortgage and the obligations secured hereby ahell remain in tnll foroe and dfect es if no aooeleration had ooc~n+ed. ~ ZU. Aui~nmeot ot Reata; Appointment ot Receiver. As additional ~ecurity hereunder, Borrower hereby esrignsi,o Lender We rents ~ of the Property, provided that Borrower shell, prior to acceleration nnder paragraph 18 hereof or abandonment of the Property, have the right to coliect and retein s~ch rents a~ they becane due and payable. f ~ Upon aooekret'an under peragraph 18 6enof or abandonment of the Pro perty. I.ender shall be entitled to have a t~eceives appointed by a ? ~ oo~ut co enterLpon, take possasion of and manage the Proprrty and to ooUect the renta of the Prbperty, inclnding thwe past due. All rents ; ~ ooUected by !he receiver shall be applied fust to payment ot the aosts uf management of the Property and oollectioo of rents, inclading. but not ' ~ t'united W, n~ceivds fees, premiums on raxiver's bonds and reasonabk auorney's Eeea, and thea eo the sums ~e~vred by this Mortgage. The ~ r«xiver shall be liable tn aooount oniy [or tho~e renb actually reoeived. ~ ~ ~ x299 ~A~ 317 ~ ~ $ Y.._~ . _ ~ . _ _ _ . . ,