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Home My WebLink About0350 . ~ ~ . ~ ' 8. Ia~psction. Leader m~y ma1~e or cauae b be made rsawnablr ~trie~ upon u~d inspectioa~ of the property. provided tbat Lead~ ~hall ~ive Borrower notioe prior to any ~uch itupectio~ ~pecityia~ eeawnabk cauM therefor releted to l.endet's iat~re~t !A ~ Propert~?. 9. Coademnwdop.'!?~e prooeed~ of any award or claim for dama~er, diroct or ootuequeati~l, in toonection witb aay aondemnatiop or othe~ takin~ of the pmpse~ty. or part thereot. or tos coav~y~no~ ia li~u of ooadannation. ars hereby a~sisned ~ad ~h~11 be pRid to l,p~da, In the eveat o[ a Lotal takins of the Property. the proceed~ ~h~ll bs applied b eh~ aunu ~ecured by thi~ Mort~a~~. witl~ t!N ucbw, Uauy~ psid eo Bore~ower. Ia the eveat ot ~ partisl t~kins ot ehe Proputy, anlaN Borro~re~ and [.ead~r otherai~s a~+es ia writi~t. th~rs ~haU bs applied to the auuu ~ecured by thb M~a~e auch propo~tiou ot the prooesd~ a~ i~ equel to that propwrtioa which the amouat of the ~um~ ~ecurod by thii MoHSaQs immedietely qior to the date ot W~in~ bNr~ eo the tsir aaarket v~lue otthe Property i~naaediaeely prior to the dat~e ot taking, writh the balaaoa ot the pra:esd~ paid to Borro~. It the Prope:ty b ub~ndoaed by Borrower~ or U. dter notios by Lender to Borrorwr that tbe coadaianor otfer~ to make aa ~w~rd or Mttls a claim for dame~a, Borro~rer faiL b~pond to Lendes within 30 day~ aftar tbe date ~nch notios iu en~Wed, I.ender u autborized to oollect and aPP~Y ~ P~~. a~ I.end~~ oaioo. either b ratoration os repair of the psope~q? o~ to t!w ~ums ~scnred by tbi~ Mat~~. Unle~s LendaT and Borro~r~ otherwi~e e~~+ee iu ~rritins, any such application of peooeed~ to principal ~haU not ~tend a~ portpoas tbe dus date oi We moath~y insWlm~ts referred b in pera~r~p}u 1 end 2 hereoi or chan~e the amount oi n~ch instsUinenta. l0. 8orrower Not Relea~ed. Is:Lenaon of the time for psymant or modification ot amortisatioa ot ehe ~uau ~ec~ued by this Mortsase Qranted by l~ender to any ~uaessor in interest oi Borrower ahall aot operate to nleese. ia any manner. the liability oithe ori~inal Borrw~ and Borrower's sua+eswr~ in interer~ Lender shall not be required to oommeaoe prooeedings aQsinst ~uch ~uoce~aoe os retu~s b ezt~d tia4e [or payment or otherwise madity amortization olthe sum~ secvred by this Mortgage by rea~on of any demend msde by We ori~inal Bocrower and Borrowds succeswn in ~teres~ ~ . ~ 11. Rorbearanoe bp Lender Not ~ Wdver. My forbearsnoe by La~der in ~erei~ing sny riQht a~ remsdy here~nder, o~ otherwi~e ~ a8orded by applicabls law. ~hall not bs a waiver oi or preclnds the esarci~e ot any snch riQbt or remedy. The pra~curement of insaranos ~ We paya~ent of texes or oWer liens o: charges by Leader ~hall ao! be a waiver of Le~?der'~ riQht to aoaelerate We maturity a[ the iadebtednew ~ecured by thu MortgaQa 12 Remedtea Cumulative. AU remedies ~ovided in this M~s~e are distinct and cumulative to any other risht or remedy under thi~ Mory~a~e or afttorded by law or equity. end may be exerci~e~l ooncurrently. indepec?dently or saooes~ivcly. - 13. SuooeNOn and Aa~i~aa Bonnd; Jotnt aad Several I.iabilltp; Captiona.'i7~e wveaants aad a~reemeats herein oontained ~haU biad. and the righb hereunder shall inure to. the respective sncoeswr~ end wagn~ ot Lender and Borrower, ~ubject to the p~oviaioa~ of paregraph 17 heeeoL All ooveaants aad a~reemenb of Borroaer ehell 6e joint and severel. The captions aad hesdingi olthe paraQrap}~ a~ thia Mortgage are for covenience only and ara not to be wed to interpnt or defuie the proyisioru hereof. 14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice b Borrower provided for in this Mortgage shall be given by mailing such notice by oertified mail addre~aed to Borrower at the Propedy Addre~s or at euch other address as Borrower a~ey de~ignafe by notioe b Lender ae pwvided herein, and (b) any notioe b I.ender ahal! be given by oertified mail. retarn reoeipt reyuesced, to Lender's addres..ea~ed herein or co snch other addn.s a. Lender mey designa~e by noaoe eo Borro..er as provided herein. Any notice provided for ia this Mortgage shall be deemed to have been given to Borrower or I.ender when Qiven in the manner derignated herein. 15. Uniform Mort~age; Governlns Law; Severabilitp.'l~ia form of mortgege oowbiae~ uniform oovenent~ for national we and aot~- uniform covenanL with limited variationa by jurisdiction to mnstitnte a uniforen security inrttument oovering real prope.rty,'14~is MottQa,Qe shall be governed by the law of the juriadiction in which the Ptoperty is located. In the event that any provisioa or clanse otthis Mortga~e or the Note conflicts with applicable 1aw. such contlict ahaU not agect other pmviaiona of this Mortge~e or the Note which can be given etlrect without the oontlicting provision, aad b thi,s end the provisiona of the Mortgage and the Note ae~e declared to be aeverable. 16. 6orrower's Capy, Borrower ~hell be furniahed a oonformed oopy ot We Note and of tbi~ Mortga~e at the time of ~ecution or after reoordation htreof. 17. 'Itirans[er of tbe Property; Au~mpdon. If aU or eny part of the Property or an interest therein is sold or transferred by Borrower . vrithout I.ender's prior arritten eoneen~ accluding (a) tlu creation of a lien or encambranoe subordinate to thi~ Mortgage, (b) the cr~tion of a putchaee money eecurity intereat for hoaeehold applianoes, (c) a tranafer by devise, desoent or by operation of law apon the death of a joint lenant or (d) the grant of any leaeehold interest of three years or leas not aontaining an option to purchase, I.ender tnay. at Leader's optioa. declare all the suma eecured by this Mortgage to be immedietely due and payable. Lender ahall have waived snch option to aooelerate if. prior to the sale or transfer, Lender and the person to whom the Property is to be w{d or ttanaferred reach agreemeat in writing that the credit of n~ch person is satiefactory to Lender and that the intercat payable on the sums secured by this Mortgege shall be at such rate as L.ender shall requeat. If Lender hae waived the option to sooelerate provided in this paragraph 17, and if Borrower s suooessor in interest has aecyted a written asaumption agireement accepted in writing by [.ender, Lender ehall rclease Borrower.from a11 obligations under this Mortgage and the Note. ' i If Lender a~erciaes such option to accelerate, Lender shall mail Borrower aotioe o[aooeleratibn in aooordanoe arith ParegraPh U hereot Such notice ahall provide a period of not lees than "su days irom the date the notice ia mailed within which Borrower may pay theeums declared j due. It Borrower fails to pay auch aums prior to the eapiration ot such period, [.ender may. without turther notioe or deinand on ~iorrovrer, ~ invoke any remedies permitted by paragraoh 18 hereof. 18. Acceleration; Remediea. Lzcept eu provided in para~aph 17 hereot, tipon Borrower's breach ot aqf oovenant or j agreement ot Borrower in this llortgase. Inciudin~ tbe eovenanb to pay w~hen dne any suma secured by thla MortiaLe.I.esder prior ~to aoceleration rhall majl aotice to•Boerower as provided in par~rap614 hereot~p~ecifying: (l) the brewch; (2) the adion requlred to cure wch breac6: (3) a date. not leas t6en 30 d~y~ irom tlu date the notice is mailed to Borrower, bp w6ich mch breac6 muat be cured; and (4) that faflure to cure such breach on or betore the date ~pecifled in the noUce may rewlt in acoeleration otthe suau secured by thb Mortgage. fQrecio~ure by judlcial prooeedin~ and saie oft6e Property.T6e notkx ~6a11 further taform Borrower ot the ri~6t to reinstate aRer acceleratfoa aad t6e rlt6t tp ws~art In t6e foreclosure proceedfa~ t6e oon-e:istenoe ot a detault or aay other defense ot Borrower to aocelecation and toreclowre. If t6e breach is not cared oa or betore t6e date ~pecified in tl~e notice, I.ender st Lender's option may dectare all of the sums aecvred by thb Mort~a~e to be immediately due and payable without furtber demand and mey foreclose t6L l~ort~a~e by judicial proceedjng, i,ender shall be entitled w oollect in auch proceeding all espenses of foreclosure, includin~. but aot limited to. reasoaable attorney's tees. md costs ot documentary evideace, abrtracta and title reporta. 19. Borrower'~ Ri~ht to Reinstate. Notwithstauding [.ender s aoceleration of the aum~ ~ecured by this Mortgage, Borrower shall have the right to have any prceeedings begun by Lender to entoroe thia Mortgage di~continued at any time prior to entry of a jadgment enforcing this Mortgage if: (a) Boreower pays Lender all aums which would be then due nnder thii Mortgage. the Note and notes securing Futur~e Advancea. if any. had ao aoceleretion ooeurred: (b) Borrower curea all breachesof anyotherouvenants or agreema?b otBorrowaoontained in this Mortgage: (c) Borrower peys all reasoneble eupenees incurred by L,ender in enforcing the oovenanta and egreements of Borr~owa ~ oontained in this Mortgage end in enforcing I.ender'~ remedies ai provided ii~ paregraph 18 hereof. including, but not limited to. nawnabls - _ attorney'~ fees; and (d) Borrower takes a~ch action as I.ender may reasonably require to assure that the lien of this Mortgage, Lender's intered ~ in the Property and Borrowe~s obligation to pay the sume secured by thia Mortgage shall oontinue unimpaired. Upon wch payment aad cur~e _ ~ by Borrower, this Mortgage and the obiigations secured hereby shall remain in lull [oroe end eftect as if no aoceleration had oocurred. ~ 20. Assi~nment ot Reats; Appointmeat of $eoeiver. As additiona! secority hereunder, Borrower hereby assigns to I.ender the ra~t~ ~ of the Property, provided that Borrower shall, ~ior to aooeleration under paragraph 18 hereof or abandonma~t of Lhe Property, have We right ~ to coAect aad retein such rente aa they become due and payable. ~ Upoa aooeleratian under paragraph 18 hereof or ebandonment of the Proptrty, Lender shaU be entitled to have e reoeiver appointed by a ~ oourt to enter~upon, talce po~seasion of and manage the Property and to ooUect the renta of the Property, inclnding tho~e pea~ due. All rents ~ oollected by the receiver shall be applied firat to payment of the oosta of management of the Pmperty and oollection of re~ta. includin~. but nd limited to, receiver's f~es, premiums on receiver'~ bonda and reasonable attorney'i fees, and fhen to the ~ume ~ecured by this IYlortgage, 7'~e ~ receiver sha11 be liable to acoount only for those renb actualiy received: ~ ~ . ~ . ~ 3~;;x ~ ` ~v9 PAfE 3 ~ t' " ~ s ~ ~ - - _ ~.;Q,F~~, ~ ~ , ....~.~~~a-~ _