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Home My WebLink About0322 . 3 . a : - i 4 ` ~ . . . / ~ t} , • ~ r } l i 8. Itupection. Lsader tn~y make os causs to be mad~ re~wnabl~ ~at~riM upon and inspectioa~ otthe P~D~3?. ~uovided that Leader ~hali ~ Qive Borrowe~ notios prio~ ~o aqy n~ch itupsction speeityins rre~oaabls c~u,N thenfor relatsd fo I~eader's iaterest ia th~ Ptope~Ry. 9. Condema~doa. Tlie p~oceed~ of any Rward or cl~im fos dama~es, direct a ooa~sqwnti~l. i41 auaAedion wltb`anY ~demnaboa oe othu takin~ of Ws pmpat~?. o~ part thersot. or for ooaveyaaos in lieu o[ ooadanrwtion. ar~ benbf ~ned snd ~tRll b~ paid b I.eader. ' In the event oi ~ btsl takin~ of tbe PropsrtY~ the Drocasd~ ~h~ll b! appli~d to ths ~um~ ~scured bY thir 11~astQ+~a with tbs ~c+N. if uq?~ pwid to Borrower. In tbe event ot a partial takins of the Property. unlea BoROwer u~d Leadar otharwiN ~res in ~?ritini~ tl~ers shaU be appGed to We suaw ~ecured by Wis Mast~a~s such p~opatioa ot tbe prooeed~ u u equd ~o that propoction which the aaaount d tl~ sum~ ~ecvred by ehia Mort~s~s immediately prior to tl~e d~te ot takin~ bean to tl~e tair wuk~t valne of the Propaety immediate~jr prior b tM d~te ot takic~. with the balanoa of tM prooesd~ D~id to Boreower. If We Pcopa~y i~ ~baadoned by Borro~. a~ if. dkr notioe by Lsnder to Baao~nr that tb~ oondanaar olres~ to make an a~rard or ~ettie a claim for dam~ea. Bo~rowes faib to rapond to L~ender with'sn 30 days after the date ~uch notic~ is mailed, L~d~ u anthoria~ed to ooll~ct aad epply the prooeed~. ac Lendd• o~ion. e~~he~ ~o racoraaon ~ repair oi tbs yro~erb? or eo ~he •wa..ecured by ~i. M~aj.. Uales~ Lepdet end 8orrower othe~wi~e ~ees ia writin~. any ~~ch applicatioa of proaed~ b priacipal ~haU aot ~tead o: pwtpoae tlu dw date o[ ths aionWly installm~b referred ~o in p~re~raplv 1 and 2 beseoi or clun~e tbe amonnt oi ~nch uutallu~eats. 10. Borrowrer Not Relea~ed. S:tearioa ot the ti~ne for paymant or moditication of amortizatioa of the sum~ secured by t1w Mort~sse ~ granted by I.endar to any ~uocessor in iaterert o! Borrower ~hall aot operate to releaae. in any menner. the liability of We ori~inal Borrower ~ and Borrower'~ suooe~wn ia iateres~ Lender shall not be required to oommence pra.~eedings agairut ~ncb ~uaeewr or eefwe to e:tend time !or pa~yment os othawi~e modity amortisation of the sums recnred by this Mort~age by nawn o[ any demand raade by the ori~iaal Bormwer ~ and Borrowds sucoe~ws~ in interes~ ~ 11. Forbearsnoe by I.eoder Not ~t Wdver. Any torbearanoe by Leadee in ezercisin~ any riQht or remedy hereaader. or othe~ri~s a~orded by applicable law, ~hall not be s waives of or preclude the eze~ise ot eny ~nch ri~ht or remedy.'IUe pzoi.~urement of insusanos or the ( puynaeat oi tsse~ or other li~s or charQes by Leader ~hall aot be a w~iver of Lendei ~ right ~o aooelerats the maturity ot We iadebtednes~ ~ecured by thi~ Mortga~ge. 12 Remedie~ ~mu4?tive. All ~ies peovided in thi~ Mort~aQe are distiact and cuinnlative to an,y other ri~hL or remedjr nnder tbi~ Mortgage or atforded by law or eqaity. and mqy bs ezeicusd ooncun~eatly. indePeadeatly or Nooaavely. 13. Suooessan and Awlpu Bound; Joint and Sevenl LiabWt~?: Captions.'lUe ooveaenta and a~reanenta heraia aontaiaed shaU bind. and the rights hee~eunder shall inure to. the respective suooeaor~ aad ua~ns d Lender and Borro~ra. ~ubject to the ptovisions of paragraph 1? hereof. All oovenants and aRreement~ of Borro~va shall be joint end ~sveral. The captiau and heading~ of the paragraplu ~ thia Mortgage are for rnveaieaca only and are not to be wed to interprat or define the provirioas he~eot 1~. Notice. Except for any notice required nnder applicable law to be given ia anotha manner. (a) any nodce co Borrower provided forin this Mortgage shaU be given by maiting such notice by oerti8ed mail addreaaed to Borrovrer at We Property Addrees or at snch other addreM a~ Borrower may de~ignate by notioe b Leader as provided henin, and (b) any aoiioe b I.e~d+s ~hdl be Qiven hy c~rtifi~3 mail. ralusn r~pt - requested. to Laider s addre~s stated ha~eia or to mc6 othar addresa ss L~d~ may designate by notioe to Borrower a~ p~ovided herein. My notice provided for in this Mortgage shall be deemed to have been given to Borrower or Lender when givw in the manner desi~nated herein. 15. Unitorm ~lort~asa, Goveraia~ Lww; 8everability. This forno of mortgage oombines uniform ooveaanta far natioaal use aad non- uniform oovenants wiW limited variationa by jntisdiction to ooiutitute s aniform security iastrumeat oovering real property.llw Mort~a~e shall be govemed by the laar of the jurisdiction in which the Aroperty is located. In tke event that any provisioa or clause of this Mortgage or the Note rnniUcts with appUcable law. such contlict ahall not affect other provisioaa of thia Mortgege or the Note which can be givea eged without the ooaflicting provisioa, and to this end the pmvisions of We Mortgage and the Notc are declared to be severable. , 16. Borrow~er'~ Copp. Borrower shaU be fiunished a oonformed oopy of the Note aad of thi~ Mortgage at the time of e:e~wtion or after reoordation hereof. ~ 17. Transter of t6e Property; Aasumption. If all or euiy pa~t oi the Propaty or an intez+est thenin is wld or transferred by Bo~mwr~ without Lender ~ prior w~ritten consent, ~cluding (a) the creatioa of a lien or encumbrance subordiaate to thia Mortgage, (b) the creation of a purchaae money security inttrest for houaehold applianoes. (c) a tranafer by devise. des~xnt or by op~ration of law upoa the death of a joint tenant or (d) the grant of any leasehold inteteat ot three yeare or le~s not oontaining an option to purchase. Lender may, at I.ender a option, declare all the suma aecured by this Mortgage to be immediately due and payable. Lend~ shall have waived such option to ae~oelerate if. prior to the eale oT tranafer. Iender and the perwn to whom the Property ie to be sold or transferred reach agre~neat ia writing that the crediL of soch . person is satisfactory to Lender and that the intereat payable on the sums secured by this Mortgage shall be at auch iate as Lender shall request. If Lender has waived the option to acoelerate provided ia this paragraph 17, ~and if Borrowds sueceseor in intereat haa e~cecuted a written assuwption agreement accepted in writing by Lender. Lender shall release Borrower from all obligationa undrr thia Mortgage and We Note. ' ~ If Lender e:ercises euch option to aooelerate, Lender shell mail Borrower notice of aoceleration in aooordaaoe with paragraph 1~ heseoL Snch notice ahall provide a period of not lees than 30 days from the date the notice ia mailed within vrhich BoTrower mey pay the sums declared ! due. If Borrower faile to pay such sums prior to the e:piration of auch period, Lender m@y, without further notioe or demand on Borro~rel. ~ mvoke any nmediea permitted by paragraoh 18 hereof. _ ~ 18. Aoceleration; Remediea. B:cept as provided In paiasraph 17 hereof. npon Borrower's breach ot any o~venant or ~ a~ree~nent ot Borrower in t6is Nortgs~e, includint the oovenaats to pa7 when dae any snms ~ecured by t6L l~ortsa~e, I.e~der ~ prior to aa:eleratioa ~hall mail aotioe to Borrower as provided in para~raph 14 hereotspecilyin~: ( i) t6e brea~b; (2) t6e action 4 requlred to cure suc6 breach; (3) 'a date, not lew than 30 da,ys h~om t6e date the notioe is mailed to Borrower, !ry which wch - ; breach maat be cured; and (4) t6at failure w cure such breac6 on or before the date specified in tl~e aodoe mapr rewlt in aoceleration of t6e eums aecured b~? t6L Mortg4ge, foreclo~ure by jndicial pr~ooeedin~ emd ~ale of the Property. T6e notk~e ahall further inform Borrower of t6e ri~ht to ninatate aRer aooeleraUon and the ri~tt to wert in the foreclosnre proceediag tLe non-esistence of a defauit or any ot6er detense of Borrower to acceleration and toreclowre. If t6e breach is not ~vred on or before the date specifled in t6e notice. Lender at I.ender's option may declare all of the sums secured try this Mort~age to be immediately due and peyable wit6out fnrther demand aad may toreclose thia Mort~~ge by judicial prooeeding. Leader shall be eatitled to oopect in such proceeding all e:penses of foreclosare, includins, but not ltmited to, reaeonable attorney's fees, Rnd oosts of documentary evidenoe, eb~tracts and title reporto. 19. Borrower'a Ri~ht to Rein~tate. Notwithstanding Lendds aoceleratioa of the sums secnred by t6i~ Mortgage, Borrower shall have the right to have any prooadings begun by Lender to enforae thia Mortgage disoontinued at any time pri~ to entry of a judgment enforcing this Mortgage if: (a) Borrower pays I.ender all euma which would be then due aader thii Mortgage. the Note and notes.iecnring F~ture Advances. if any, had no acoeleration occurred: (b) Borrower cures al l breach~ of any other wvenanb or agreemenb of Borrower oontained in this Mortgage; (c) Borrower pays all nasoaable espenses iacure+cd by Lender in enforcing the oovenanb and agreementa of Borrower ~ oontained in thia Mortgage and in enforcing I.ender'a remedies as provided in paragraph 18 hereof, inclndina, bnt nd limited to. nawnabls ~ att.on~e~~ feer and (d) Borrowes takes auch action ae I.ender may reasonably reqnin to assan that the li~ of this Mortgage. Lender'~ iateee~t ~ in the Pruperty and Borrower s obtigation to pay the sums secured by thia Mortgage shaU oontinne uaimpaired. Upon such paymeat snd cnre ~ by Borrower. thia Mortgage and the obligationa secured henby shall remain in fnll fora snd effect as if no aooeleration had oocarred. 20. Assignmeat o! Renta; Appointment of Recsiver. As edditional ~ecurity hereunder, Borrower hrreby assigns to I.ender tbe rm4 ~ of We Property, provided that Borrower shall, prior to aocelezation nnder paragraph 18 hereof or abandonment otthe Proprrty, have the right ~ to coUed and retain ~uch rents as eheyr become due and payable. ~ Upon eooekration unda parngraph 18 hereof or abandonment oi the Pmperty. I.~der shaU be entided to have a reorivec appointed by a ~ oonrt to enter.npon, take poeeeasion of and manage the Property and to oollect tbe rents of the Property, including Wose past due. All reats ooUected by W e reoeiver shall be applied 6rst to payment o! the oosb of managanent of the Propaty and oollecti~ of renta, including, bnt ad ~ limited to, receiver's fees. Premiwas on receiver i bondi and reasonabk ettorney's fees. and then b the ~ums ~ecured by this Mortgage. The ~ reoeiver ~hall be tiabk to acoount only for those rents actnally reoeived. _ ~ ~ . ~ ~ ~ ~9 322 ~ ~ . , ~ _r. . _ - - _ _ _ - ` rr . . . r~