HomeMy WebLinkAbout13218. Inepection. I.ender mey make or cause b be msde reawnebk entries upoo and in~pec~s of the prope~ty , pro~~ded tl~at t~da sbi.9
give 8orrower notice prior to any such inspection specifying reasonabk cause therefor related to l~nde~'a iatn~t in t~r P~rty.
9. Condemaation. 77~e proceeds oi any award or daim for dama~es, direct os oon~u~tial, in cw~necbnn ait~ aa3 amd~naaco ~r
other taking of the pmperty, or part the-eoi, or for rnnveyanoe in lieu o! oonde~anation, are hereby a~aed and ~all be ps~ te i.md~.
In the event of a total taking of the Property, the proceeds ahal) be applied w the sums ~ecnred by this Ii1at~~e, wit~ t~e esce~c, iians.
paid to Borrower. In the event of a partial taking of the Property, unleas Bormw~ and l~ender ot2~~i~e a~er in ~~, sixar s~i] ~e
~~pplied to the sume secured by this Mortgage such proportioa of the pinoeeds ar is opual tc- that propostioo w~hicb s~r ~ d t~e a~
aecured by this Mortgage immediatsly prior to the date of taking bears to the fair market valne of the P~ety immc+duld~ ~acrsos~cda~r~d
taking, with the balancx of the proreeda paid b Borrower.
If the Property is abandoned by Borrower, or if, atter notice by Lender w Roiraw~er that t2x ooodemaor ufk~sw mY~r an aa~•ard ar settlrp
claim for damages. Borrower fails to respond w Lender within 30 days after the date sach notioe is mailed, lamde~ ~s am~onaud waut3ec: and
apply the proceeds, at I.ender e option, either to restoration or repair of the prope:ty ar to tbc samc aecnred br t~is ]ilart~a~e.
Unleae I.ender and Bormwer otheiwiee agree in writing, any euch applicstion of piooeedsto painapal shall no!tanrnd apo~er3~rdar
date of the monthiy inatallmenta referred to in paragrapha 1 and 2 hereof or change t6e amount af sac~ inKtalime~t~
10. Borrower Not Released. Extension of the time for paym.:nt or modificati~n o! amottizatiao of thr sams ancund ~n• t~ atcatR~.•r
itranted by I.ender to any auccessor in inte~eat of Borrower shall not operate to reler.ee, in sn~ mani,er, the liabalit~• uf tbr c=i~al Bcnr~~.•es
und I3orrower's successors in interest_ l.ender shall not be requind ta ec,mmence procYx+dinge against such suc~va~ c~ refusf w~md ame~
fur payment or otherwise modify amortization utthe sums secvred t-y this MortRa~e h~• rrat~c~n af an~• demr+nd a-edr }n ~.he- u~iaal $carc,a~
.~nd t3orrower s auccessors in interest.
I 1. Forbearance by t.ender Not a Waiver. My forbearance by l.ender in czemsing any ri~[ht a~ remadr aa+eum3ri, ais~e.r~~er
a fforded by applicable law, shaU not be a waiver of or preclude the exerciee of an~ sach rignt od rrmndy . 7T~e prcrureme~nt adin~annr sc znF
payment of ta~cea or other liens or chargea by Lender shall nat be a waieer of Lendei s riRht to sore3esate thr matantt af t~r ~e~s
Secured by this Mortgage. -
12 Remediea Cumulative. A!! remediea provided in thia Mortgage are distind and cvmulative to any <+tbe~ r~t cc ~ snd~ ~
!1lortrage or afforded by law or equity, and may be ezerciseA ooncurrendy, indepeadend~ or suocx~a~e}~ .
13. Succesaore and Asaigne Bound; Joint and Several Liabiiit~; Csptiona'ITie oo~~enantb and a~ts ba~n cxmza~rmd~saD
bind, and thc rights hereunder ahall inure to, the respective successors and assi~ns of Leader and Borruw~, sab~ert w sbr ~rcn~:mf cd
paragraph 17 hercof. Al) covenanta and agreements of Rc~rrowez shall be joint and sevasl.lUe captians and 3~adu~[s of t~e parr~trq~s c,£
this 1Vlortgage am for covenience only and are not W be used to interpret or define the prrnuio~ hereof.
14. Notice. F:xcept for any notice required under applicable law to be ~i~•en in anuthe~ manner, ~ai an~• nntu~r to Bcerc.wrr ~rcn~dre icr m
this Mortgage shall be Eliven by ma~ling such notice b~ certified mail addmssed tu Born.s~er at the Prapertc Addrr~+s ar at snc~ c~ri ad~ aF
Fiorrower may designate by notice to l.ender as provided hemin, and (bl any noRioe w Lender shall be ~i~~en bti cx~tified mail re~aan rexxspe
n~y uested, to l.ender's address stated herein or to auch other address as Lender ma~• deFignate b~ ac,ticr w B~rrow*er aa prcra~ded ~n. ?,as-
notice provided for in this Mortgage ahall be deemed to have been given b~iorn,w er or Lender R h~± gisen in Lhc manna d~sted ~n
15. Uniform Mortgage; Governing [.aw; Severability. This torm of morytage cndnbine~ uniform rn.~enantsfce nat~.mal ut~snd a~-
uniform covenants with limited variations by jurisdiction to constitute a uniform serunt~ instruairnt a•.•er~ real prc~srr. 7~is Kccsl;~r
~hall be guverned by the lavr of the jurisdiction in v-hich the Property is located. In thee~•ent that anr p~cn-uacm or clau~ c.it~ 1SaQS~ta~r ~
the i\ote conflicta with applicable law, such conflict shall not atTect uther pros~sions of this MurtQaRe or tbe tiwe w-h~c~ can i~e~ ~i~~
~.•ith~ut the rnntlictiuR provision, and to this end the pm~-isions of the Mortgage and the \ute are der3ar~ed u~r Ae.r~a~~Se.
! 6. Borrovrer's Copy. Borrower shall be furnished a conformed cop~• of the `~ote and oi this Maay~agr at tbr ume c~f aecutscm cc rf~cr
re-cordat~on hereof.
1?_ Transfer of the Property; Aseumption. lf all or anp part of the Propert~ or an interest therrin u sold oQ traas-farnd in~ Bcarcwu~er
~~sthout I.ender's prior written consent, excluding lai the creation of a lien or encumbranc~ subordmasr tu t~s ALc,et~ta~e. ~~ ~$ar cn~azu~ cd e
~un hase t:~ne~• secLrity interest for household appliances. Ic~ a transfer hy devise, d~t w br opaatian of la~c- upom sbr desa~ cda~cr~
tt•nant or ld1 the grant of any leasehold interest of thrre years or less not containing an upticm w pur+chsae. Leada ma~, at3~des's cgascm
~icrlare all the sums securea by thia Mortgage to be immediately due and pa~•abk. Lender shali ha~•e s si.•c+d Fuch o~cm w acx~r3~nne~.~e~ca
t u t he sale or transfer. Lender and the person to whom the Propert~• is to be sold or transferr+Ed r+each agn~emc~t in a~tus~ shxt t~e~ cze+dil cdt~c3e
pe~rson is satisfactory to Lender and that the interest pacable on the sumt crcvnd h~• LhL~ MortQa~r shxli he- bt suc~ r~r a~ 1~ s~ali
rc~c~uest. If [.ender has w~aived the option to accelerate pruvided in this paragraph l~. and if Rorrux~er's cuc~c~•ur~ ~ mtere~ ~ aerureri i
« ritten assumption agreement accept~d in w~ritinR by l.endrr, l.ender shatl release Borrow•er frc~m all ot~:ueat3c,n= unoes z~c aAcm~al~r Bati ~r
\ ute.
If l.ender exrrcises such optiun to arcelerate, l.ender shaU mai) Rorn~v~er noticx of acxr3praU~m in acc-cadanc~ s~ pxrsgrsp~ 1~~erer~
~uch notice shall provide a period of not less than :~(-dayc frc,m thedate the notice ia cr,ailed w-ith~n w•hich Rarro.~~er ma~~ pa~ t~x-su~ dnclar~
due. If ~rrow•er fails to pay such sums prior to the expirat~on of ~uch prriod, l.rnder ma~•, x-nhcwt furthrr nc~cx ca de~nnri cm ~cerc.a~_
~m•oke any remedies permitted by paraKraoh 1 K hereof.
i8. Acceleration; Remedies. F:cept as provided in para~-aph l7 6ereof, npon BorroRer s b~ of aas~ c,o~a~a~t ar
a~reement of Borrower in this N ortgage. including the oovenanta to pa~ R•ben dne an~ sn=s ee+c~rrd bs- thi~ afart~~r.l.e~da
prior to acceleration shall mail notice to Borrower es pravided in paragrap6l~ hernofsp~+cafj-inGll ltbe6~+raci~ti~tieactia~
reyuired to cure such breach; (3) a date. not less than 30 days from the date the notic+e is aaikd to Borr~er_ ir~ siic~ ~
breach muat be cured; and (41 that failure to cure such breach oa or before the date spc+ea5ed 'm tbe oodc+e aas~ re~t ~
t+cceleretion of the sums aecured by this Mortgage. toreclosure by jodicial pmoeedin6 and sakof t~e Pnapati_ ILe eatiors~
fu rt her inform Borrower of the right to reinstate afler aooeleration and t6e ri~ht to asrert in tbe tarerja~r ~nocreii~ [br
non-e:iatence of a default or any other defenae of Borrower to aoceleration and fareclo~rr_ Ittbe ~+ra~ e~ ~ot ~+eia~ ar
tx~fore the date apecified in the notice. Lender at Lender's option may declare all of the soms se+c~ne+d b~ t~ic ~a~taa~r w`r
i m mediately due and payable without further demand and ma~ forecluse this llort~ate b~ jadicial p~dia~. I.co~Q s~ail i~r
t•ntitled to colleM in such proceeding al) expenses of foreclosurn including, bot oot li~it~+d to, rra~oaabie~oroes'sfi,e~r~ai
cutits of documentary evidence, abstracts and title reports.
19. Borrower's Right to Reinatate. tiotw~thstandinQ l.ender'a accelerstion of the snms scr~ed b} this ]16aat~ta~e, BnQSCn~,~ s~eu Laz•e
t h e right to have any procredinga begun by [,ender to enforrn this Mort~a~e diPCOntin uc+d at an~ time pric~ to eotrs of e~ud~m~t enicQCU~
this Mortgage iF (a) E3orrower pays I.ender all sums which wouM be then due under this Martgagt, iLe `~cae and ~~~arsmr
Advances, if any, had no acceleration occurred; ~b) Borrov-er ez~res all breaches of ans otha cm•~ants or a~+e~~ts o~ Sc~rn~cum~med a
this Mortgage; Ic) Borrower paya all reasonable expenses incurred by l.endez in enforcang the cavmants aad a~sa uf $carcw~
contained in this Mortgage and in enfoscing Lender's remedies as pro~~ded in paragraph 1 R heneo~ inch~nR, but nat }:m~+d sc~ ~ur
attomey's fees; and Idl Borrowertakessuch action as I.endermar reasonab)} reqairetossanrethattbelira cdt~is adartgaRe, i~de'tm~~a
ir, the Property and E3orrower s obligation to pay the sums secvred b~ this Mortga~,e shall contiaoe
nmmpaimd. L: ~c~m su~ ~asmmt ~d n~ar
b~ ~3orrower, this Mortgage and the obligations secured hereby shall r~nain in fnll forre and e~'fect $s if no acx~r~aasiam ~ad onrmsie~d.
20. Aesignment of Rente; Appointmeot of Receiver. As additional eecurity hereunder. BcRroa~er berebs ~ b I~das~e:~
~~f the Property, provided that Borrower shall, prior to acceleration under paragrapl~ l8 heneof o~ abandoa~mrrt a~tbc Pragrestr_ havrs3~er~3a
t~ rollect and retain such rents as they become due and palable.
Upon acceleration under paragraph 18 hereof or abandonment otthe Propety , l.endei shall be ent~t3csi to }ure a aer+~va ~,d ~n- a
court to enter-upon, take possession of and manage the Property and to vollect the rents o! the Prc~pertp, u~c}odi~t tbase p~ttt 3ae. ~Ul ~:t
rnllected by the receiver shall be applied firat to payment of the oosts otmanagement of the Propat~ and m~Bettim a~reote,
mda~x~. ~atn:~
li mited to, receivet's fees. Prnmiums on receiver's bonds and reasonable attorne~~'s fces, and t~ to the s~s ~n~+d b~ t~ ~fcr7~e. TLr
receiver shall be liable to acoounf only tor thoee rents actually reoeived.
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