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Home My WebLink About0935 i ~ - ° ` _ - ~ t _ . ~ ~ ~ ~ 1 ' G~.~ S. Iaq~ot~o.. Inoa~e m,P m.~. or e.o.. ~o b. m.a. iw.on.w..nai.. opon a.na in~qc~ioti otw. R'~D~eb. P~'~ta~d t~.ci.naR.ea11 ~iw Hoirowrr ootia pioe b aq~? w~ch iwp~io~ Wed4?ini ew~ooabi~ aiw t~wn[ae »labd to Iwnd~r'~ inf~swt in !1~ Proyay. 9. Caad~anatloa.'1L~ pooMd~ of W awaed or daim l~oe dama~M„ dir~ct ae oawQwntial. ia oonn~tion with aeqr oondwooafio~ a~ otl~ talnn~ at tM propat~r. ar part tMe~o[. o: tac coawyaao~ ia liw ot aond~maation. atr h~by aMi~n~d ~nd ~11 b p~id tu LeadK. In the wait of a~ohl takin~ of tbs Pro~szty. tir prooe~d~ ~hall b~ apptled ~o tbe mm~ Ncard b~? thi~ A[oet~a~+. wIH tbs ~zo~. if an~?. paid to Borrower. In tM wa~t oi a p~etial taHn~ ot t1~ Propat,y~ u~w Barrow~e and I.u~ oth~ewiM asra in weiHn~. t~ ~hall b~ aPDlied to the ~nm~ ~nd by t~hls Mact~a~e w~ch peopoetian oE tM p+owsd~ a~ is pnal tio tbat p+opoelion which ths amonAt ot tbe soms sec9red by tb» Mart~+~ immediat~lY R~ to ths dat~a of vldn~ bMn 1o tM fair mark~t valw ottbe Prop~et,y immsdiats~jr peior to tM dat~ a[ takias. Mrith tb?~ balaaoe at t~ prooe~d~ paid to Hoerower. If tM Propaly i~ abu?dwad b~r Borrow~. a i~ ~ltee notio~ by Iwnd~s to Baee~o~ws~ tbat tbs aondemno~ oQsn to m~k~ ~a award or MttM a claim Los dama~e~, Bo:e~ow~t faib to respond to I.snda wiWin 90 day~ aAee 1M date snch notia i~ mai{d, I.end~ i~ antl~oiised to oolkd and appl~r the prooe~d~. at Iwndd~ option. dtb~t to rerto:atton oc repair oi the proqe~y or to We ~om~ ~ecnred by thi~ Mae~ass. Uakn I.ende: aad Borrowar othawi~e ~se~es in writin~, ~u?soch application otProcead~ ~o Prin~3pa1 ~h~ll mt atend ar postpon~ the doe date ot the moath~jr in~WLneat~ rdeend to in parasrapZu 1 and 4 6ee+eot wr cbar~e the amount ot wch in~alla~nt~. 10. Borrower Not Relea~sd. S:t~ensian a[ the time for pe~ymant o: modi~iration of amortis~tioa of tbe wm~ Ncured by Liw Mo~s~e granted by I~der to any ~nooes~or in intatest of Borro~rer ahaU not operate to release. ia any maaner, the liabiti~y ottl~e oeisinal Boerowat and Borrowe~'~ snooes~ors ia interat I.ender ahall not be required b oommenoe prooeedings against wch auooeaor or ra~fose to e=tead time for paym~t or other~vise modity aawrtization of the sums secured by this Mortgage by reason of any demand made by the oriQiaal Borrower and Borrowa'~ snoes~wrs in interest: 11. Forbearanos b~ I.eoder Not a Waiver. Aqy forbearaACa by Iwade~r in esercidng any risht or remedy heranadez~ oe oth~wiis afforded by ~ppiicable law. ~hall not be a waiver of or p~ecln~s the e:ecci~s of any ~nch right or reme~r.'I4ie procarement of i~unnao~ or tbe paymeat of te~e~ oc oW~ liatu or charges by L~aar shall not bs a~vaiver of Lender'~ right to aaoela~ate the maturity of the indsbtedaea eAcured by this Ma~tgase. . 12 Rea~edies Cn~s~lati~e. AU remedie~ psovided in thi~ Mact~age are distinct and cumalative to aay other right or remedy undee tbi~ Mortgage ae afforded by lsw or eqnify. and may be ereeri~i ooa~~n~ent~y. independe~dy or ~uoonsively. ~ 13. Suooeawr~ ~ As~i~ Hoand: Jaint snd Several I.~a6ilit7?: Captions.'.!'he oov~aants and agt~ts he~ein oontained ~hall bind. and tLe rights ha~ennder shall inare to, the respective suocesson and a~sian~ of Lendrr and Borrower. subject to tbe provision~ of paragrap~ 17 hereof. All covez~sats and agreements of Borrower shall be joint and several.'ILe captions and headings of the paragraphs of thie Mortgage an fac cav~i~ce only and an not to be ysed to intespret os deline We provisions hereof. 14. Notioe. E:apt f~ any notice requind under appGcable law to be given in anothar manner. (a) any notice to Borrower pTOVided for in this Mortgage ahall begivai by mailing anch notice by oerti6ed mail adde+eesed to Borrower at the Property Addrss~ or at snch Mh~ addre~s a~ Borrow?er may de~ignate by notice to Lendcr as pmvided herein. and (b) any notice to Leudes shaU be given by oertified mail, nta:n no~ipt requeated, to Le~de~r's addnss stated herein or to snch other addrees as Leadar may desigaate by notioe to Boaowe~ aa provided hnrein. Any notioe provided ~'ur in this Mat~age ahnll be deemed to have beea ~ivea b Borrorveer or I.e~er when ~ivea in tl~e maaaer de~aated he~ein. ~ 15. Unitorm l[ortga~e; Governin~ I.~w; Se~erabilit~r.'1Li~ form of mortgage combiaes nnifam ooveaaata fo~ national use and non- uniform oovenanta rvith limited variations by jnriadiction to oonatitnte a uniform security inatrumeat aovtring real p[opa~y.lbia Mort~a~e ahall be goveraed by the law of the jurisdidion in which the Propeity is Ixated. In the event that any provision or clanse of Wis Mortgage oc the Note coattic~ts witb a~licable law, snc~ oonflict ahall not affect othe= proviaions of thia Mortgage or tbe Note wl~ich can be given ~ffect withont We oontlicting pmvision, and to this end t6e provisions of the Moctgage and the Note are declared to be ~everable. 16. Borrower'~ Cop~. Borrow~ ahaU be furniahed a oonformed oopy of the Note and of thia Ma~tgaae at tbe time of e~cecntion or after recordation he~eof. 1T.15ransf ~!'ldpl~tl~Mt~:'~liQ~br any part of the Property or en inter~t ihez~ein is eold or tranaferred by Bocrower without ~.ender' ''or wtitt~n oon~t, ezcluding Gi1~he tion of a lien or encumbranoe aubordinate to thi~ Mottgag~ (b) We c~+eation of a purc~ase awney ~ curity interest for ' (c) a tranbter by devise, de~osnt or by operation of law npon the deatb of a joint tenant or (d) the t o~" y o mtee~ o` res years ar lee~ not oontaining an option to pnrahase, I.eader msy. at Leader'~ option, decls~e all the sums ~ecuren by this Mortgage to be immediately dne and pqyaW~. Lead~r shall have waived sa~ option to aooelezate if. piior to the sale o~ tran~fer, I.ead~r w?d We perwn to ~rhom the Propaty ia ~o be sold or trsnsferred reach agreema~t in writing that the craditof wch peraon is satiafactory to Lender snd that the intsrest payable on the awns secured by this Mortgage shall be at snch rate as Lender shall requeat. If L,ender has waived the option to aocderate provided in this paragraph 17. and if Borrowds saooeesor in interest has e:ecuted a writt~ assumption sgreement aoapted in writing by Lender. I.~der shall nlease Borrmve! from all obligations under thia Mostgsge and the Note. If I.eade: enercises such option to accelesate. Lender ahall mail Borrow?er no~ce of aoceleration in aooordanoe with paragraph 14 hereui ` Such notice shall pmvide a period of not lesa than 30 days from the date the notice is mailed within which Borrower may pay the euans declared due. If Borrower fails to pay such auma prior to the racpiration of snch period, I.ender may, witho~ fartha notioe or demand on Bormw~~ j invoke any re~nedies permitted by paragraoh 18 hereot ~ 18. Aa~eleration; Remedies. Bzeept as provided in paragraph 17 hereof, upon Borrow~er'~ breach of aqy oovenant or ~ agreement of Borrower in thi~ ltort~e~e. inciudin~ t6e ooveaanta to pay w+6en due aqy wm~ secured by this 1[ort~a~e.I.eadear ; prior to aooeleration a6aU tsail ~Wtioe to$orro}ve,r as ~rro~d~d in Paragi'aph 14 he~of spedfyia~ (1) We breac6: (2) t6e ~tion required to cure wcb breacb: (31 a dat~. not leas than 30 da~y~ ~e+om tbe date the notioe i~ mailed to Horrow~. b~? which ~uc6 ~ breac6 must be cared; aad (4) tbat failnre to core snch breach on or before tl~ date spedfied in the notloe maU? reaak in ~ s~oeleration of tbe wms eecnred by tbis 1[ort~age, foseclown by jadicial prooe~edins and ~ale of tbe Prope~ty. The aotice s6aU ~ further iniana Borrow~ of t~ rl~ht to reia~rtate after aooeleration and the ri~t to apert in tLe foreclosnre prooeedin= the I non-ezisteaoe of a detanlt or ao~ other defense of Borrowrer to aooeleration aad foseclo~ure. If tbs brescb b not cdred on or ~ before the date spedf~d in t6e notice, I.eader st Lender'~ opHon mqy declare aU of the ~nm~ ~ecared this M ~ ia~medistely due and payable ~vitl~ont fnrther demand and may forecbse thia Mo ~ °~~a to be ~seie b7?~dic~1 P~'ooeedias. I.eade~r s6wU be entitled to oollect in wcb prooeeding all ezpenses oiforeclosnre. includins, but not limited to, rea~onsble attoreey's tees, and ~ rosts of,dodtmentas~r e~idenoe, abstracts and title reparts. 19. Boreowrar'~ RI~Lt to R~einstate. Notwittutanding I.ender'~ acceleration of the s~ ~ecwred by this MottBag~. Borro~rer shall have ~ the righc co have anj? pmoeedings be~nn b3? I,~nder to «~torce tbis Mortgage ais~ontianea ac any tims pcioc to enay ot a jod~t e~ntorcing this Mo:t~aSe i~ (a) Bormwet pay~ Lender all snms whids wonld be thar dne nnder thi~ Mo:tsags, the Nate and notes ~ecarin~ lfitnn ~ Advanoes, d anq. hsd no aooderation ooa?rred: (b) Bore+~wer caies all bresches of any othes covenanh or e~reemeats of Borrowa oontained in ~ ' this blo~aSe: (c).Borrower pays aU reawnabk espea~e~ inarrred by I.ender in eaforcing the ooveaant~ and agree~ents of Borrower ' oontained in this Ma~rtgsge and in enfo~cing La~der'~ remedies a~ provided in paragraph 18 hereo~ including, bnt not limited to. rea~onabl~ 6 atta~rney's fees; and (fi Ho~ron?er takea snch action a~ Lesder may rea~onably reqitin to a~sn:e thatthe liai of tbis Mo~t~age, I.ende~'~ intre+at f in tha Propaty and Borrowe~s obligation to pqy the ~nms aecmed by tbi~ Mort~a~e ~haU eoatinas nnimDaired. Upon ~nch pa~ymeat aad c~s by Borrower, tLi~ Martga~e and t6e obli~atiau seaired hsreby ahall remain in fitll foroe and effed as if no waleratio~ bad oocnsnd. 2a Assip~meot otRe„~ A~oinamea~ oi Reoeivee. A. additional .s~cr henand~. Bo~ero..es ha~eby a..i~n. to Lead~ rbe ~t, of the Pe~operty, pe+ovided tbat Borrnwer ~11, pcios to aooel~ation ander pare~raph 18 hereof ar abandonmeat oiths Pmpe~ty, hsve theriQht - ~ to oolled and retain wch reab a~ Wey beoama dne and payabk. - ~ Upon aooeleration nndes parsgraph 18 haeof or abandonment of tbe Pm~rty. Leader shaU be eatitled to have a reoeiv~ appointed by a court to e~terapon. tete poae~ion of aad mana~e tbe Pmpeirty aad to ooiket tbe reata of the Prop~ty; inclndin~ thws pad dne. All renta ~ oollected by the reoaver ~hall be applied first to payment of the oosts of maaa~emeatof the Prope:ty and oolledion af reats, inclodin~, bat not t limit~ed b, reoeiver's fees. Pceminms on reaive~'s bonda aad neuonable attorney'~ fea, andshea to tbe ~unu ~ecured lry thi~ Mort~s~s. Ths reoe~ver ahall be liabk to aooonnt only far t1~we reat~ adaal~y reoeived. ~ ~ ~40 t~6E ~ ~ _ ; . . ~ ~ . ~ a- -n- _ - ,