HomeMy WebLinkAbout0373 S. jI1Ap@C~lOA. ~.('i11~PC !tlil~' Illi1~~• ~tl' ~':tll~l• lu UuU~~• I~•:t•uUUf~~~• rt111'l~•• I?~~ull .U1~~ 111~~1~•~•hUll~ OI i~l~~ ~~1'~t~~-
i•i~~', ~~1'~~\'ll~Cl~ t~l'li ~.i'It~~hl' ~~1i1~~ ~;11't• ~~~~1'ftl\~~•1' 11(~U~•~' ~~1'ful' 1U :UI\' ~~1~•~i Itl~~~~•~•tl~~l~ •~~rrll)'lll~; t'P:I~i~lIA~~~(• ~'Yil15f'
therefor mintc~l to Lcndr.r:~ ~ntc~n•:t ~n tl?c• F'ruiu~rt~•
9. Condemnaiion. 'Ch~~ {~nn•~~c~~ls o( .u~y :?~~:t~til ur ~•lain? iur ~la~u.?~;c,. ~iir~•rt ur ~•uu.cyucnlinl. it? connectiun
~~•ith un~' ~'~?niteiuisati~,n ur ~~thc~r t:tkiu~; uf th~~ f'r~?~n•r~~•, ur ~~:~rt tlir!-+•~~f. ur iur ~•u~~~-~•}~;in~•~• in li~•u oi ~•o~ulemnu-
tion, nre heret?}• ;?~~i~;n~~l ~uul ~hiill iM ~xti~l t~~ I.en~1~~r.
In tl~c e~~c~nl uf iutrtl t:ikink nf rlu~ Yro~~ert~•. tlu• ~?~ru•~•r~l~ ~Ir.ill 1~~• :i~~~~l~c•~l tir th~~ ~nn~~ :~•~•in~~~~l h~• thi- \[orl-
~;uge. ~~•ith thc c•x~•~•~;, if :u~~~. y~:?i~i to Bc?rn,a•rr. In tl~~~ ~•~•~•~~t ~~f ~~:u~~i:?I t:~kin~; c?f thc Yn~~?~~rt~•. unl~••. I3urr~H~cr ,
:ui~~ I.endcr otlicr~~•is~~ skre~ in rvritin~, tlic~r •lial! I~~• :t~~~,li~•~1 i~~ tli~• -inu- ~~•~•~n•~~~i 1?~• thi~ \]ort~:i~;c~ ~uch ~~ropur-
tion of U~e prooceds ;is is cyui~! ta tl?:~t ~?ro~~ortiuu ~~~!?i~•li tl~c :?m~~i~nt ~~f t!?~• ~u~u~ ~~•ci~re~i I?}• thi~ ~Iort~;u~e imme-
,iiatelv prior t~? tli~• ~i:it~• of t:~kit~~.~ fu~sr• tu tl+r i;ur iu:irk~•t ~-.t~u• ~~f th~• Pr~y,~ rh• iunu~~li~?lel~• prior to tiic~ dnte of {
t:iking, with the 1?uluu~•e oi the ~~iti,ceeil~ ~~:~i~l tu Rorro~~~rr. °
If the Yro~,er~~• i~ :?ln?n~loncd h~• 13orro~~~er or if :~ft~~r noti~•~• I,~• L~•u~lcr to Iinrra~~•er that the co~ide~unor otier. ~
to m~kc nu a~~•~r~i or •ettic ~Ir~in~ for ~lan~u~c<. I3orro~ti~~r iail~ tu rc.;{~on~l ti? l.~~n~i~~r ~~~ithin 30 ~lA~•~ of thc dntc
of ~uch >>oticc. Lendcr i~ :?tithoriz.•~1 to ~•o11c~~s :u~~t aF~~~l~• ii~r ~n~u~•~•~~~1~ :tt I.ri?~ic•r'~ u~~tion citlicr tu rc,torntion or
repnir of the Pmpert•~ ur to tt?c~ ~~uu~ ~c~•ur~~~i h}• tlii~ \lort~;:~~~•. _
iinless 1.~•ndc?• .uul Borrot~~er otl~er~~~isc n~ree in ~~•riting, ai?~• ~ucl~ apptirut.io~~ ol pruce~~cls t~~ ~?ri~icil~ul sl~all
not extend or ~~ostponc thc ~1ue ~lAte of the m~~nthl~• in,t:illiu~~m; mf~~n-cvi to i~i ~~:u:~~ra~?h~ 1.~rni 2 hereof or '
ci?:inge thc umount ot ~uch inst:?lltnents.
I0. $orrower Not Released. I?xlensio~i oi the tiou• ior ~~:~~•ni~•ui ur n~alifi~•uti~a~ oi ;unortiz:ition oi the ~ums
•rcured h,y this \~Iortgugc grsnted h~• l.crnier to an~• ~uc•~~e:,tir iu intcrcxt of Borm~~•er ~l?all uot o~~crnte to release. +
in nny n~~1n~~er. tl?c liabilit~~ oi the ori~;inal liorro«•c•r an~i liorm~~•e•r'~ ~ucce~sor.- in interest. i.ender ~hnll not be {
rec~ui~l to cosmuen~e proreecling. agninst su~•li ~urc~~.sor or ~riu~~~ to ext~nrl time for ~~n~•meut ~~r otherwise modif~ ~
:unortization oi the ~ums ~e~•ureci h~• thi~ \tortt;:~Ke ln• renson ~~f :ni~~ ~icnuu~ci iuu~ie 1?~• tl~c ori~inal Borm~~•er nnd ~
Borrower's succea>ors in interest. ;
11. Forbearance by Lender Not a Waiver. :~i~~- iorlm:u:~~ic~• L~r Leiider in exercisin~ any ri~ht or remedy ~
lietet1nder, or othcr~~ isc aflorc!cd h}~ :+pplicuble 1i?~~•, ~6:~11 not I,e :i o-ni~~cr oi or l~rectudc the exercisc of :?nv right
~?r rc!(t~e~ly hereun~ler. 'Che pracw•e~uent of insuranrc~ or tlu• ~~~~•iuent of tsxr.s nr oth~r lien~ or churges b~ I.ender
shall uot be ~c:?irer ot Lender:: ri~lit Lo :icceleratc tl~c ~uaturit~• of thu indebte~lnes~ ~ecureci h~' this \iottgage.
12. Remedies Cumulative. All rerne~iic~ ~~m~•idrrt in thi~ \Iort~n~;~ am ~iistinet nnd cumulative to nny other
right ur ~rmctii~• ~~n~1er thi: \Iort~~.~g~ or :~t~'onic~l h~• 1:?~~~ ur ~~7uit~•. :in~i n~n~• he ~x~rci~eci ~oncurrentl~~, independ-
~•ntlv or sue~ecsi~•eiti.
13. Successors ~d Assiqns Bound; Joint and Several Liability; Captions. Thc• c~?~•en.tnt~ and ~tgrecment~~
~ herein contained shal! hin~l.:tncl ihe rigl~is hcrcuuiler ~lr?11 im~r~• to. tl:r rr:pecti~•~~ •ucre~~:or: :?n~I assi~ns of Lender
.u~d 13orro~~-er. ~uhject to th~• ~~ro~•icio~r ~t ~?:u•at~i•:~~~I~ 17 l~rn•ot. :\]I ~•o~•~n:?nt• :u~~l agr~~~~~cnt~ of BorroRer shall ~
he joint and ~e~•eral. '1'he ~•:?~~tion~ :t~:~i he,~din~.: of thr• ~~.u•arr.~~~li~ ~?f tl~i~ ~lort~a~;c• :~re for ~•oi?~•eniener onl~ and =
:?re not to be used to interpret or ~lefine thc ~~m~•i~ion~ hercof. ~
14. Notice. An~• notire to Rorro~~•e?• ~~i~~•ide~~l for i?? thi~ \lurt~:«~• ~hali he ~~i~•c•n i,r n?xilin~ ~u~h notice b}•
~•crtific~l inail .uldre~.:e~l tn Borm~re~r at tl?~• P~ai~ert}• :~~f~lrc~,: ~tatc~~l h~•lot~~. e~xce~~t for :~n~• notic~ mquire~l under ~
I~:u;?~ruph 18 I~~reof to I~e ~?i~~~~n to Rorm~~•c~r in th~• ~uann~•r ~?r~~~c•~•il~c~~l h~- a~~~?lii•ablc la~~•. .~nr notirc proi•i~icd ~
~or in ti~i~ \Iort~;a~*~r ~4~all he ~1een~~Y1 tn hn~•c~ heen e~i~•cv~ to Borrm~•~~r ~~lu~n fii~•cu in th~~ mznuez• ~le~ignate~i herein.
IS. Uniform Morigage; Governing Law: Severability. .'fhi~ iorn~ of mori#;a~e ~ombine~ uniform co~•en:?nt~ ~
ior i~afional use and non-unifonn co~~en.int~ ~~'itl~ IiinitcYt ~-:iriation~ iuri~iiir,tion to constitute a tmifonn sect~- ~
rity iustrument. eo~~ering ~~eal +~ropert.~~. 7'hi~ \Iortg.s,c~ ~Ir.~ll be ~~o~•ernc~i b~~ the la~~- of the jurisdiction in ~vhich
the Yropert~• i~ loratc~i. In thc ci•ent tl~at :tm• ~>ro~•i~ion or elau~c oi this \iottgage or the \otc conflicts witli
;?pplicnble la~~'. ~uch conflict ~hr~il not ;iffcct other ~~ro~•i~ion~ ~~t tltii~ \lortgagc~ or thc ~ote ~vt~ich can be given
effect ~~'it~out tiic conflictin~ ~?ro~'ision, and to thi~ ~u~i the ~~ro~~i~ion~ of tl~e \Iort~a~e un~l the \'ote are declared
' to be severable.
~ 16. Borrowei s Copy. Borro«•er ~}~all h~• furni~hcyi ~•oniorn?c~i ~~oj~}' uf this \lortgage at the time of execu-
; tion or after reconl~tion f~ercof.
~ 17. Transfer of the Property; Assumption. If :ill or :~m• ~~art oi the Yroperty or .tn interest therein is sold
~ +~r transferrc~cl 1,~~ Rorro~~•er ~eithout Len~ler'~ ~?rior «•ritt~•zi ~~nn~ent. c~x~i~iding ~al tLe cre:~tion oi s lien or encum-
~ brance ~uhonlinatc to thi~ \Iortgage. ti~~ tl~e rre:ition ~ti {n~r~~li:i~~• nione~- :r.curit~• interest for liousehold appli-
ance~. lcl s tran~fc~r h~• ~le•~•i~e. ~le~~~~nt or ht• u~~~•ratiun oi ls~~• n~~~m tli~~ ~lcath of a joint tenant or icil the grant of
:u~~• lc~s~~hol~i iutere:t ol tl~me ~•cs~:~ or Ic~~ not ~•~~nt;ii~iii.~; :ui ui~tiou to ~nu•c•lia:c•. I.en~ier ma~•. at 1.ender'~ option,
C ~IecIare all fhe,uui~ ~rc•nre~l h~- thi~ \I~rt~::?~„~• t~~ hr imuu~~liatc~h• ~Inr :uul na~•y!?lc. l.cr.~icr ~h:?11 ha~~c ~~aiveci such
uption to :ir~•elcr:itc if. ~?rior to the ~aic or tran~fer, Lcn~ler :uui ~!ic~ ~~er~on to ~~•hom the Pcopert~ is to be sold or -
rr~nsferred rench .tgrce~nent in ~~-riting tlicit thr ~•rerlit of : u~•Is ~~cr.,on i~ ;atistactor~• to I.ender an~i that the interest
2~ayable on the ~ii~ns ~eci~rc~i 1~~• thi~ \lorig.?~;c =iia11 I?c :it ~u~~l~ r:?ti~ i.en~icr ~haU rec~uest_ If I.endcr l~as waived
tiie optim~ to :u~~~cle~.~te ~~ro~•iclecl in thi~ I~aragra~~lt 17 :in~l ii liori•u~~~•r'~ <itcccs~or in inter~~t l~a~ cxecuted ~ writ-
r~•n assumjstiou agreement acce~?tecl in ~+•ritinfi l~~- I.~~n~ler. L~~n~lc~r ~lulll rclca~e Borro~~•cr ironi :ill oblig~tions under
~ ~hi~ ~~Iort.gAge and thc \Tote.
I~ I,ender exercise~ ~uch option to :~cccler:ite. I.ender ~li:il; ~u.~il $orroae~` notice of acceler~tion in accordance
n~it?~ ~:ara~r.iple 14 1?emot. tiuch notice ~iial( ~?ro~•i~i~~ :a !u•rial ~?f not le:• than 30 ~la~•~ irom thc~ date the notiee is
iuT.iled ~~'itbin ~c)u~•h~ Rorrc?~cer iu,t~~ {r,~,• the swn; deelare•~l ~lu~•. If Rorru~cer fail~ to ~~a~• ~ueh suni~ prior to the ~
~•x~~iration ~?f :u~h i~criai. I.end~~r ~na.•. ~~-icl~~~,~r i,~rth~•r n~~tir~• nr ~lc•in:in~f ~m Rorro«-er. i~n-ok~~ am• remedies per- F
mittc~i b~~ ~>:iruKraj~h 18 hcreof. :
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`:+?x-lt~ir•~~EL\I "'•:\:\\'1'~. ~;111'1'1/~1'P1' iilll~ ~.i'ill~f~r i'urth~•P ('1?\'1`llilllt il)ll~ i{rl'E'P i1F t~l)~~O\~'S:
# 18. Acceleratien: Aemedies. f~,~~•~•{~t• a~ ~~ru~~i~l~~~l in {~:na!~r:s~~l~ 1; her~•oi. ~i~~on liorrun•~~r'• l~reach ot am- ~
~ ~•u~•etr~nt or a~re~~u~ent oi Rorro~~•e•r in ihi.• \(ort~:t~~~. in~lurlihR tli~• ~ci~•~•nxnt~ to ~?:t}- «•h~n iluc unp ~un~s secyred ~
~ h~• thi~ \lc,rl~u~;c, I.ender ~~rior to acc~leration ~hall ~uail noti~~~ to Korro~~•~r s~ ~~ro~~ided in paragraph 14 hereot ~
y?ccifyinr: r 1? thc brcach: ~2? tl~e :u•tiun rcc~hir~Kl to cum su~~l: i~macli: ~3? :i ~lat~•. not 1~••= than thirt~• ~ln~~s irom
~ thc ~1atc thc notic~ i~ ~naile~l tu liorn~n+~•t'. i~~• ~~-lii~•h ~i~~li hrca~ti mu~t l,c• ~•urc~l: an~l i~t~ that failurc to cure such
~ hrc,ich on or b~•tiorc: ihe~ ~I:ttc ~~x~~~ifi~•~I in tfl~4i~c~~ us:i}~ e:i~lt in ac~rl~•ration oi thc: .~wu~ ~ecurc~i L~ thi. \~ortgagc
~ :u~d sxlc of the {xro{?e•rt~-. If thc hr~~ach i, not ~nre~i~on ~I~~~ ti~~• ~iat~• ~pecificd in tl~c noti~c, I,ender ut I.ender's '
o~?tion n~a~- ~i~•el.?rc all af thc ~uui~ ~cc~n•cxl h~- thi~ ~lortku~;e to b~• ~~unuviiatch• ~luc and ~?a}•ablc ~~•ithout turther ~
~ ~i~n~xnd :inr1 iu.~}~ fureclo~c thi~ ~tort~;:?k~~ 1~~- ju~li~•i.il ~~r~x~e~e~lin~; I.e~mler ~hull Ix~ ~•ntitlcYi to collect in su~h j~roceecl-
~ ing ail ~x~~eti.es ~?f foreclu~i~re, in~~luding, l,ut nut lin~ite~~l to, re~a~onal~le :tttorne~•'~ fee~. :~n~l costs of docutnentan ~
evidencc, :~hatracts anii titl~• re~~ort~.
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