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Home My WebLink About0935 ~ , 1. 8. I11ipOCL10A. Lender m~y make or caws to bs mad~ ~rwonabb entri~s upon wd 'uupection~ oithe propsrty. provided that [.euder slwU ~ive Borrow~er notios prior to any ~uch iaapectioa ~p~cib?in~ ewwnabl~ cawe thrsefor related to Lsnder'~ intece~t in the Proputy. 9. Cw~demasUoa. The pmoesd~ of any a~rud or clsim for dama~M~ ~'aC~ a 00~1~IYlA~18~. It1 COR~IlCZIOD M/1L~1 ~p~i OOD~[1a~0A OT ~ oWe~ takin~ of the property. o: part thereot. os for coavsyaaoe ia lieu ot oondemnatioa, art hereby wi~ned aad ~haU b~ paid b Lader. ~ Ia the event of ~ total ta~ina oi the Prop~dy. the prooeed~ sball be applied b the ~uma ~scured by thL Most~a~0. MriW the esoea. if an~?. paid to Borrower. Ia the ~vent ot a peztiel tal~int of tM PropRty. anlew Aoerower and Lender otharww a~ree ia w~itiaR~ thece ~hall b~ . apptied to the suaW ~scursd by thi~ Morts~ ~ P*~P~oa ot the pmosed~ u ia equal to thet proportioa ~vhich the aiuonnt ot We sum~ ~ se~vred bY thia Mort~e?~e immediaeely prior to the dab ot tal~in~ bsan to the [air msrket velue oithe Property immediateu? Prior to the dat~ ol talring. aith the b~lsnaa ot the procesd~ Pvd to Borrowtr. ? II ~he Propeeqr ia abandoned by Horro~rer. oe if. atter notioe by Lsnder b Bor~orvez Wat Ws ooademaor otre» b maks an awud or ~ettle ~ F claim [or damn~sa. Borrower faib to ~pond to Leader within 30 dqr~ atter the date ~uch notioe u maikd. Y.e~der iu suelwrised to ooUect and ~ aPP~.Y ~?e pcooeed~. et Lsnde~r'~ option. eiWe~ Oo redoration or repair oi the ~operty or to We i~ ~ecured by thia Mocpt+~ Unles~ Lend~ and Borro~ver otherwi~e +~ree in w~ritin~. any such vpplicatioa of prooeeds b prindpal shall not ~tead or pwtpone the dw date ot the monthly uutallments ref~red t~o in pars~raphs 1 and 2 hereof or chen~e the saannt of ~uch installment~. $ 10: Bose~o~?er Not Released. Eztenaoa of the time for paymsnt or modi5cation of amortization of the sums ~ecured by this Mo~a~e ~ granted by Lenda to any suoccasor in int~rest of Bormwer shall not operate to rdeaae. in aaY m+~nn~. the liability of the ori~inal Borrower ` and Borro~v~'s wceessors in interes~ Lender ahall not be reqaired to commenoe prooeedings aQainst sach ~uocewor os reiwe to e:tend time E far peymeat or atherwise modity amorti:ation of the suau secured bY this Mortga~e by reason of any demand made by the ocigin~l Bo:ro~?er I and Borrower s suoceswrs in interesR 11. Forbseranoe by Lender Not a Wdver. Any forbearenos by I.euda in exercidng any riQht ~ recnedy hereunder. or otha~ire ; afforded by applicabk law. shall aot be a~vaiver otor pnclnde the e~cercise of any ~nch ri`ht or remedy. The procnrrment of insuranoe or the ~ payment of taze~ o: other lien~ or cherBes by Lender ~hall aot be a waiver ot La?der's ri~ht ~o aooeierate the maturity of the indebtedaes~ i secured by this Mortgaga ~ ; 12 Remedie~ Cumuladve. All nmedies provided in thb Mortgage are di~inct end cvmalative to aay other riQht or naaedy uu~der thu Mortgage ~ a~o[ded by Iaw or eqnity, and may be e:e~ci~e~i ooncuirently. indep~dez~dy or suooe~sivdy. ? 13. Suooeeww and A~si~ Bound; Joint and Sevenl Liability; Caption~. The oovenanta end agreementa herein oontained ahall ~ bind, aad t6e rights hereunder ~hall inure b. the resPective sn~ce~wn and asagw oi Lender and Bormwer. subject to We peovisioas of ; paragraph 17 hereof. All covenanb and agreementa of Borrower shall be joint aad ~eve:al. The captions and headings ot the peragraph~ ot ~ this ~Vlortgage ere for covenienoe only and are not to be used to iaterpret or de5ne the provisions he~eof. ~ 14. Notice. Except for any notice required undQ applicable law to be given in another manner. (a) any notice to Borrower pmvided [or in ` this Mortgage ahall be giva~ Dy meiling s~ch notice by oertified mail addreseed r vrst at the Property Ad~irees or at such other addrew as ~ Bosrower may designate by notioe to Lender as pmvided herein. and lb) any no~ ~endee shall be givea by oertified mail. nturn reoeipt requeated. w l.ender a addres~ stated herein or to wch oth~ addrees as Lender may designate by notioe to Borrower as pzovided herein. Any ~ aotice pmvided for in this Mortgage shaU be deemed tn have been givea to Borrorver or Iander whea given in the manner desigaated he~in. ~ 15. Uaiform ~ort~age; Governin~ Law; Severabillty.'11~is form oimortgage uombines uniform ouvenants fornational ~ue antl non- uniform rnvenants with Wait~ed variations by jurisdiction to aonatitute a uniform security inatrument oovering nal property. This Mortga~e ahall be governed by the law of the juriadiction in which the Property is located. In the event tliat any proviaioa or dau~e of this Mortgsge or the Note contiicta with applicable law, such rnnAict nhall not affect other proviaioas of this Mortgege or the Note which can be givea eifed , without ihe oonflicting provision, and to thia end theproviaions of the Mortgage and the~Note are declared to be severable. 16. Borrower's Copy. Borroarer shall be furniahed a conformed oopy oi the Note and of thia Mortgage at the time of aecution or aftst - recordation heteof. . 1?.1Yansfer of the Property; Assumption If all or any pad of the Property or an intereat thenin ia sold or transferred by Borm~rer ~ without Lender a prior written conseat, escluding (a) the creation of a Uen or eacumbraace subordinate to this Mortgage, (b) the cn~atan of a purchaee money security interest for household appliaaces, (c) a transfer by devise. deaoent or by operation of law upon the death of a joint tenant or (d) the grant ot any leasehold intereet of three years or leas not oontaining an option to parchaee. Lender may, at Lender's option, declare all the suma secnrect by this Mortgage to be immediately due and payable. Lenda shall have waived snch option to aooelerate if. prior - - -e-- • --~~__~.L-----•_...t.._~ti...D......~.a..:~~..1.e~..U..~s.e...fo.~..i?~w~hsor~wnm~tinwritinat}~ntt}~~en~ditofaoel~ iUii~~csaatin~iaawac[.iciivcaoa~w:ai:;----~~-~..sw::::us::aia::sr.'.++:~'~____.__._-~.-a_..=___' =•°--a------~---~-- ~ u ' i:.:.o.... - person is eatisfactory to Lender and that the intereat payable on the suma secured by this Mortgage shall be at such rate as Lender shall requeet. If [.ender hes waived the option to aocelerate provided in this paragraph 17, and if Borrower'a s~ioceesor in interest has e:ecuted a written aasumption agreement socepted in writinB by Lender. Lender shall release Borrow+er trom all obligations under thia Mortgage and the t i Note. . ~ ; If Lender euerciaes euch opdon to aooel~ate, Lender ahall mail Borrower notioe of aoceleration in aooordance with paragraph 1~ hereot } i Such notice ahell provide a period o[not leas than 30 daye from the date the notice ia ~r,ailed within which Borrower may pey the anma declared ; ~ due. If Borrower faile to pay such anma prior to the e:piration oi such period, Lender may, without further notice or demand on $orrower. ~ invoke any reraedies permitted by paragrauh IS hereof ~ . 18. Acceleration; Remedies. E:cept as pmvided in paragraph 17 6ereot. upon Borrower's breac6 of any oovenant or agreement of Borrower In t6ie Mortga~e. including tbe oovenants to pay when due any sum~ secured by thi~ Mortga~e, I.e~der prior to aooeleration ahall mail notice to Borrower as provided In para~raph 14 hereotsped[yin~: (1) the breacl~; (2) the action required to cure such breac6; (3) a date, not leas than 30 days from the date tbe notice is mailed to Borrower, lry which wch breach must be cured; and (4) that failure to cure ach breach on or betore the date specitied in tbe notioe may rewlt in acceleration of the sums secured by thii Mortgege, toreclosure by judiciel proceedin~ and ~ale otthe Property. The notice ~haU further inform Borrower of the right to reinstate aRer acoeleration and the risht to as~ert in the toreclosure proceedlnB the non•eziatence of a default or any other detease ot Bornawer tb aaceleretion and foreclosure. It the breach is not cured on or before the date specified in the notice, I.ender at I.ender's option may declare all ot t6a sume secnred by this Mortgage to be immediately due and payable wit6out further demand and may torecloee thia Mort~ase by judicia! prooeeding. Lender shall be entitled to oollect ia euc6 proceeding all e:peusea of [oreclosure, including. but not limited to. reasonable attorney's fees, and ooste otdocumentary evidence, abstrects and title reports. - 19. Borrower's Rjght to Reinstate. Notaithatsnding Lender s aoceleretion of the suma secured by this Mortgage, Borrower shaU have the right to have any proceedinga begun by I.ender to enforce this Mortgage discontinued at any time prior to entry of a jndgment enforcing this Mortgage if: (a) Borrower pays I.ender all sums which would be then due nnder this Mortgage. We Note and notes eecuring Pbt~ue . Advanoes, if any, had no sooeleration ooc~rred; (b) Borrower curee all breachea of any other oovenante or agreements of Borrowa contained in tt?ia Mortgage; (c) Borrower pays ell reasonable e:penaes incurred by Lender in enforcing the oovenants and egreementa of Borm~va oontained in this Mortgage and in enforcing Lender's remedies as provided in paragraph IS hereof, inclndiag, but not limited to, reasonable attomey a feea; and (d) Borrower takes euch ection ae Lender may reasonably reqaire to aieure that the li~ of thia Mortgage. Lender's interest in the Property and Bon~ower's obligation to pay the eume secured by thia Mortgage ehall continue unimpaired. Upon svch paymeat and cnre by Borrower, thia Mortgage and the obligationa secvred hereby ahall remain in fnll force and dfect aa if no aooeleration had oocurred. Z0. Assi~nment ot Renb; Appointment ot Receiver. Aa additional security herennder, Borrower hereby aseigna to I.ender the ren4 ot the Proprrty. provided that Borrower shall, prior to aaceleration under paragraph 18 hereof or abandonment of the Property. 6ave the right to coUect and retain such renta as they become due and payeble. Upon aocxleration unda paragraph IS hereof or ebandonment of the Property. I.ender shall be entitled to have a reoeive~ appoinled by a oonrt to enter~upon. take posseasion of and manage the Property and to oo:lect the rente of the Property, including Woee past due. All rt~its oollected by the receiver shali be applied first to payment of the ooata of management of the Property and ooUection of reuta. including, bnt not limited to, receivei s fees, premiums on receiver's bonde and reasonable attorneyi s feea, and then to the sums sec~red by this Mortgage. The receiver shall be liable to acoount only fa~ those renta actually reoeive~. ~ 299 ~~r,E 935 ~ ~ ~ ~ , ~ . _ - ~ - ~ _