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HomeMy WebLinkAbout0018 ~ , ucilli~ll ~ .t , . . 1{~~~:1~ . ~~~~1 ta .1 i•1 ..2~ r•~,.:t, _ :1~•~.il.~I~i'- i~~°I1:. ,t~ . . ~.:~,~~:'t ~.~1~.,? t. . .1 ~ . ~'.i:~•~~~. . :\~r ,~t~,. ' : . I , 'r~ :i~~...~il ;li~~ ~~.i!. : i 1~ ~~.,:1: ia~trrc~l thc:~~~n. •.1~:~11 !~i:~~;,~r .~u~!:IU~:~ :l in.!rh:iilt,r•.~ i~l li~~•:. : v . \!~~it ~.~:~r 1'~:~c., I:~ :t~,•.~rr .~t~.l ( cti~!cr .~t:tr~~ t.~ ~~thc~ tcnn~ ~~.~1'itt~•nl. ~wh .~mri~nt. ~iti.i!! t•c i~;,.~r f., •i..• l.,~!~~ I rr~lr~ 1~~ I:rtt,,~~~~ ir.;ur.tine p.~)m~•i~l ihri~•~~f. :~~t~l ~h.~il I~r.~~ intt•~r~t ft~~cn S};~_ ~t.~tr ~~t ~li~l.nr~rinr~~t :~t 1`.i~• r.,:. ~~.~hl~ Ir~~,it t~nt~ li~ untc ~•n ~ut;t:ut~iinr princir:~l undCr Ihc N<,t~ unl~•.~ ~~:t}nscnl ~~f iulcrc~t :!t ~~:.h t:,!~ ~~.~~.IJ h: c~~ .~ti~~~li~:~h1r Lr.v. in ~~hiih ~~cn~ ~ui!t a~t~~un~c tih:~l) Ik::~r intcr«C:tl ~lic ii't;h~~~t ~:~•C {~crni;~~ih?; ~if.4~rr ..:1,'~ l:,.~ \.•~E~in,~ :.~•~t.~inr~l ~~i 1!,i• ~,.+~.~~~~.if•li 7.!~;~lt rrc{~~~rr 1~nd~r t~i i~~c!ir :u~, r~pcn•.c ~ c t.,{.~ .111~' :lllfl111 ~IC(l'l'~:~~if. ` i~. (IN(ICf11UIL ~_i'.^.i~cf Rl.:l .^,5,~~.t' ~~I' C.iti~~ Il~ ~~C Ill::~~l' Il`n~~~tl:l~l~l ~'flifll'~ 11(~JII fll~~l~'<<U~IK l~~ ~~ll {~!i'~~~[I)'. ~1fJYl~~i't~ th:~t 1.~_n~ttr ~l:::11 ~i~~ 13~~rtu~~rr n,~tlcc ~~~i~•r to :,m' ~ii:f? it~~{~~iti~at ~~eri(~in~~ rc:~~~n:~hl~ cau~~ Ihrrrf~~r r~1.+t~i1 to I.~n~.:r•5 intrr~.t in th~ Pr~~prn~'- ~ • y. ~~undc~nnnii~,u. ~1-hc ~'1, :~c~~~ ~~t .~:1\' .11..t1:~ ~~1 ?~.i:~il ~~h l~.~llld:'~••, 1~tR':I ~~~tl~l'I~~ICtlll.l~. Ifl C~~I1RilS1~~11 \\11~1 :fli~' c~,ndcmnali~~n or r:h~-r ,.,{,i~i. ~~f ti,c i'~.~; crty. ~v ~~a~t ih~ ir.~f ~~r f~~r c~~n~rc:~ricr in liru ~~f r~~r,.trmnatic~n. .~rc hcrcl,y a~•i~n:~l an.i ,hall h~ ~.,,i~1 t.• l encl~r. . ln ih~ r~~ent ~~f t,~t:tl t.::r•r ~~f :h,_ t'i~•~,<<<y. ih~ ~~~`~rt~t~ .h.tll'h~ :t~~{~1~~~1 t~~ thc ~~imt Scc~~rcd ht~ thic \1nrts::i~:c. ~~ith 1hC r~~«c. _:t. R.~-.~~~~.rr ~n thr ~`.rr~1 ~~:~tli.~l f.+~.,r•.~ nf ih~ PrnprPh•, unli:~ Rorn .~,_r .~rt(1 T_Cqi':i r ~~tt?trHi.~ ac;icc i~i ~~ri?i;~~• tt~~r~ ~i:::!I hc .i~~t~r~! t~~ tl~r ~u:m ~rcurc,l ht 1hi: '~i~rt~:~~t ~ttch rr:~prrtirn rf tlic prc~icctS< :iS is eqil:l~ ~l~ tfl~~ ~.'1~~.~l-I1~~^ \\~?:~'1 l~!l :1:11~~11~!~ ll~ ~fli ~l!571~ `~:ti1C~~ t:~' t~?:? ~~I~:TL~~L'l 1RZfilCl~l:lll'~~' j~fl1?f ?l~ t~l~: l~:ltl~ t~f taking h~.:r. lu tltr f::,r :i~.i;:.~; ~,1 ihc Pt.~~~~r1~ in~t:ir~1:...rl) ~~ri~~r :i~ fhr ~i.~t~ i~f t:.:ir~. «ith t~t~ h.~lanrc ~~f ih~ pr~~•~cd~ ~~aid I~i Borro~~•cr_ If thc Pro~crr~• .:h.~;;~I,~~ic,? B~~rr.~~~rr. ~~r if_ .~f!cr nu!ir~ hy 1 cn~tcr io Tlurr~~~.~•cr t1i; t thr condrmnor ~!icrs to m:~i:~ an aw•ard ~r ~ettlc a claiin !rr ~!:~~~.:ir.. R:~rm~~~~r (.,~1, !r ~r.~~nd t~• 1~ndcr with;n ;n d:?}~s ~ftcr thc datc +i:ch n~ti.:c ic mailzd, I_~nder ic a:ith~rir~d t.~ cr11r:~ .+nd a~rh• thr pmc~cds. :it Lender's ~pti~•n. ei:her to restorati~~n or repair of the Pmpcrt~• or t.~ the su~n. .c.ir.e~i h, tfiis \i~rt~.~sc Cnle~. I endc~ : ~~3 Borro~•cr ~~~'~:•r.• i~r ,~~~«r in ri!in~~. :tn~~ ~iich G..~,l,,:, ~r ~«..~a< « rT~~~~r:~i ~hall not erte?~d e.r pc~ctEx~nc the due d.+.r .~f th~ m, nthh im?::liments referrrd to in paragra~hc 1 and 2 here~f or change the amounl of wch inslallmentc l0. BorroKer \ot Rclea~ed, l=~?en~i~n ~f ihe tin~e f~v ~:i~mcnt or mc+dificati~n ~f .~m~rtization of the ~~~mc tecured hy ihis A1ort~•aec ~r~r.:c.i hti• I~~~~._~ tn an~~ ~u~c~~~ur in intr~~~t .,f B~~rro~tr tihull not ~~xratc to relrasc. in anp manncr. thc liah~litv c:f tNe ori;ina! B.~rro:+rr and R~~rro~~~r'~ su:ccs~ur. in interest I.en~er chall n.~t he reyuired to commer.ce prc~cerdingt againu such ~uc~e~.~~r or refu.c tu c~trn~: time frr payment or othenci~c modif}' amortization of the s~:ms .ecurrd h~ t6ic ~i.~rtceg~ h}~ r~:. ~n ~~i ~m• d.~ma~u1 m:~dr b}• thr ~ricinal R~rmwcr and Ri~rri~w~~r s succ~ssors in interc~t: I1. Forbearance bc I.rnder \ot a ~~'ai~~cr. :~nc frrh~:,rancr h}• Lendrr in ercrc:~ing am• right nr rcnlydy hereimder, or .~iherwise afiorde.i hv ;:pplicahl: !a~.+•. ~h.,ll m~t F•~ :i wai~~er i~f ~~r preclud~ the erercice of an}• ~uch right or ~emedy. 'The pro.nreme~t of i^,~:~as~~e ~~r th: ;.r. ment rf ta~r. ~,r ~thr ~ ii~m nr chs: L~~ h~• I_rnder ~hstl not he ~+ai~'rr cf Cenctcr's right t.~ accel~rate th? nt3turit~ ~f thc in~fehtrdnr~c ~~:und h~ tFic !1lorteaLC- 12. Remrdirc Cu~nuiati~r. ~ecne.ti~; ~ r.~~i~1rcJ i? th+. \1~~r:~~ge :~te .1itiFinct and c:~~tulativc to an}• ot~er right c,r -eme.9}• un~cr thi; ~t~`.^.;.!_,C :~:'T~"~~C~j hC ~at\' ~`f t~~L'llt'. .::le~ Tl~t~' {~C ~~erci,e~i c~~~curreml~•. ir.dependentl}' O( SUCI'.<VCl`~V. 13. ~ucce.wr. and :1sci~~n~ Bnein~t: .Inint :snJ Se~rr~l I.iabilih; cd~t«~~~•. i~~ c~~enantc and agre~mcnts hcre:n c~,~tair.ed chall !~;r.l. ::^d sh,- :i_`•': f~~,rund~r .~~:,?I ~n~::~ t~•. th~ rr~~~ecti~r uicce~t.~r, a~:l a~ciitnc ~f l.enJ~r . nd Bntr.~~er. ,uhject t.~ thc pr,.,,i,[,•n. ~,f ;::r-:=r.:f 17 hcr~~~f. :~Il ~rte:~:,nt~ :~n.f a<_~r~•cment, ~~f Bc~rr~~~~cr sFall be j~~int and ~e:~ersl. ' n1C capti,»~; an.~ fl::~.j~7;i ~~I i1`C ~.ffd~~f.l~l1G i~~ ifl{S ~~~~~l~:l!~a: :ifC ~t`i cc~m~cniencc OflI~' 3(ll~ :1ft' i~<~~ ~O 1~~1111'l~ ~t) interprct or dehnc the prm i.inn~ herenf. _ 1~3. \otice. E~crpt f~r a:n• no~ia~ r<<~~~irrd un~~er :ir(+lic~bte la.~ u. fk: given in another manner, (a) any notice to ; I3orroK•er ~ro~ ided f~~r in thi~ ~1~r~_r~rc ~h:sU hr ~i~~en h~• mailin~ ~ur1~ n~~t~c~ by~ rertified mail :,ddrecced to Rorr~urr :it ` the Pt.~rert~~ A.~d.r~; ~~r :~t ~~.;h :~thcr :~ddrcc. a~ B~~rr~~~~cr m;?~• de~i~n:+i~ M• n~tice tu 1 ender as pto:~ided 1~ercin, and j (hl 'am~ ni;t;c~ ei~ Le~~.'.=r ~}~.~il .-~~it~ ht ~ertit[c,i rtt.iil. rrcum ricci}~t re~~~te:led. l0 1 en~ier'S addre~s ctdted he.*cin to ~ wch otlecr :~ddrec: i.rnder m.:< <le~i;=natc h~~ n~,ticc K.~r;~,wcr ac rm~~idcd herein. Am• neti~c pro~•ide~i for in !E?i5 ~ \Sort~a~c sh: Il tk c~e~r.~e~l h;t•~ hecn e~~~n tn Rc•rr~~~~cr ~~r L~ndrr uhcn _^_i~~en in th~ manner de~i<,nated hercin. ~ • 15. L'nifnrn~ ~i~~ri~,!:,~;~: Gmernin~_ La~.; S~•~crxhilifc. Thi, !~rm of rr~nrt~a~'c c~~mhin~s imiform t~~•~nant~ far n.i:irnzl ~ i{~i :iTi(~ IlO7-U~tlft-`~f:;: i~~~-iTlatli. ~I~I::i:i~ \.~f:.t~l<1(~? =tl(I~U!C11(~fl ~l~ C~~f1CI1ti1~z :1 Ulll~ll~ \ZCtlft~\' II1Clf11(1}l'll~ COiI'itP.~ ~ rc:il ~m~+trt}~. ~~i: 11,~rt~.~_~~ F<< ~~~ti~rnrd ht' tt~: I.:~a~ ~,f ihc juri~~ii.ti~n in N~hich ihc Pm(xriy ic lu~aled. !n 1hc ~ c.~e.^~t th:~t .~;i~• t r.~~:- ,•r c:.: <~t ;hi. \Inrt~s_~~ .~r ~ii~ ~,~tc cc~ntlict~ ~~ith applicahtc laiv, such rnnflict shal) nM n1Tr: t (~i~ll'f (~f~l\I~I(?Il? l~: ~l~~~i_:3_C 1}:f ~~~~1t ~~flt.~l :.fll ti~ 4~'I\"t(~ ef~CCI N~1!f10Ut 1~1C c~nflicUn~ _pm~~i~i~,n. aill~ ~O 1~715 ~ en~ tihe pm~i.i~~nc cf the ~t~.tia~_c .snd th~ \~~te are ~icc!ared t~• tn ~e~•erahl~. ~ l6. BorroKrr's Cup~. B~rr.~~~cr ~t~a~l h~ futni.li~~~i i~~nfc~rmrd cop}• of the \~.tc and ~f 1}ii~ \fortgagc at 1he lime ~ of etra~tion ~r ~ftrr rr~.~:dzti~~:~ h~:a~f. ~ 17. Transfer ~tif the Pr~~pert~: .-~«un~plion. 1f al! nr ~*.~ct ~~f the Pr~, c~t~• c~r 2n mterest thercin ic s~~ld ~ r irancferr~d h}~ Bcrroxcr t~ith,r:r Lendcr'~ ~-~.~r t+ritt~,i c~~ment. c~:'.~~.!in~ i.?1 thc .rcati~~n of a li~n or encurnhrance suhordinat~ to ti~it ?~tort~.~,~. th; the : reati. ~:~f ~+:.~~1;,,~~ mrnc~ ~~.curitc ir~tere,t fi~r h~usehoid appliances, (el ~~tan<<er by de~•ise. dcscem ~r h~• c~per;:e;.~n c~f L:~•+ tF.~• rr;,th ~~f a jr~r:t tenant ~~r (~i? the gr:~m ~~f an~ le~schoid interest c~f threc )can rr ictis i101 c~ntainir.,t .'.I) Tt:•? 1~1 ~~ir~_h:i~t. ~ Ctl~~if T113~'. :lt ~.l`R(~~i~~ c~~•ti~m_ dcc~:afC lf~~ f~l'_ SU[i1S S~CUf~d h}' 1~115 1SOf1~:1~C !O E'C ~ :nimecii:itelt• due .:nd p::~~'-'t. ! rr~?~s ~}.JI Fa~e ~•:ci~LJ .~~c=i ~ipti.~n t~~ a~cekr:~te if. ~ri~r t~~ th~ ~::1c or trancfer. {.ender ~ r,nd the perc~~~ tu µ~~~r.i tti•_ i';r; crt•. he ~~~l,I ~~r tr.~ncfcrreJ rr.ich :i,rertnent in wnt~ng that tl~~ credit ~f cu<h ~r~~~~i iti ~atic!~ct~n l.~~r :,r,J ~ ~ :nce~c.t ~:,~.,~Ir , ~ t~n ~;in:s ~rcurcd h.• thi. 1S~,rt,'a~;e ~hall he at snch r::te ac i_er.der ~h.,l! re~~ur~t. ~f I er,,+~_: h::• ti~.,i<<.~ r~?inn t.~ :~rr~~rr.~'!• Fmci.k~1 in th~~ p:~~a~faj'}7 17. :+itd if Borr,~u~er's ~ac~ess~-.r ~:~tCfCCf h:t. C\eCiz!i.~ a .:S~tt: ::?ttr,7 :~~:~~~tl~iii :ai:~~'(id '.n ~~f~E,tt;~ h~ Lrn.ler. ~_2~tilff ~fi:t1~ (C1e:~~C B~rro~~~r frorn :a~~ ~blo~ali:~:t~ ~~n.1er ;ni: \S,~r:~~.:~_c .,-,d ;he ~~,t~. If ien~3ir r~e:::~~:• c:t:li `i t~~ :~~clr.-.:tr. 1 ee!ir ~!:.,II m:~il Brtrr~.~ei nu[+CC ~f ac~rleraii~~:t in ac.c~ruancc ~~i?h (~~~l.:^I.:~~1 ~~:'r;~1. C:li~l :1.i;;::' `~.:;i ~'i~~~l~~~ .t =tr;l~•;j il~~i iic~ t~tetl '~n (jA~'S fr~rtz thc (j811' l}l: fi(%i:-_C 1S tlls4~tti \\7i~lII1 ~ ~ • ~ Khich li~rr.~~~rr m;:~. t~~e ,~'r.1.~rr~_i ~'~~c. If B~.r~r~.tirr ~:ii!~ ru j~s}' ~~~~h caim: pric~r tu t}:c c~j~ir:i.i~~n rf .~t~tt pcrii~J. ~i l e:~~ter m::~• ~cit?~: ,~t .`e,-t'~~_. ~r ~'r~~,::r~t ~,n h,~r,~ ~.,rr. imrk~ :,n} *.•n~cdies , er?niite.l h~• ~+ar.:F::~{~':~ 1ti hcr•_~,f. .,a , . ' \i'\-~.\lil~~••.t ~ ~~•.'t ~ a,\ f ~.`lC~~~~.:'f :.^.~j ~.l'!:~~iP 1U?1~1~'f lO~'fil:lli :1P.(j :~~Cl'C :1S ~0~1~1K'G: 1R. Ar~elrrati~~n: Rrniedit,. I•:acc~f :cti pr~i~i~ted in p:+ra~:r:~~~h 17 6ere~~i. upr~n BorroKers brcach of an~ co~ena~tt ~~r a~;rrc~nent ~~f R~~r~uN~r en thi. 11~iri~~~r. includii~~~ lhe ro.coantti lo pay Nhen due a~i) ~ums ~ecurrd b} tl?ic ~torl};a~e, Lrn~;••r prit!r to arcelrrnti~~n ~ha!1 tn:+ii m~ticc 1~, R~~rru.tier as pro~iJed in para~r:cph 14 l~ere~~f cpecif~iny;: (1) the 6reach; 12) Ihe artir.;~ k<< re~~uired in curc cuch hrr:,ch- t?) dat~. n~r! le,s t~~an ?0 ~f:~~~ from th~• daic thc notirc iS mailcd to Rnrr~?wcr. b}• Nhicfi ~i~ifi hrrnrh mu~l hc corr~l: :ine! th:,i faiti~re tu cur~ ~u.h brca~h on ~~r beforc Ihe date speci~esl in tl~c nntice mav reso:t in ~ accrlerati~~e nf tlec ,uni; ~rc~~n J h~ U~i, ~1~~rl;;a~i•. f~~n~~l~~tiurc b~' judirial pruceedink an~l ~ale oE the i'mperty. "Rie nutiie . sl~all furihrr infurm R~?rrmtirr ~•f thc ri~,i:i tn rcin~h~fc :if~~~r .;rceleratimi and l:~c ri~ht to a~5rr1 in the foreclosore prviceeai::~, 1!i.- tu,n-~•~i-trnce of a~i• ;:;u,t :,nti ~•~hcr ~t~•lcn.~• nf R~,~~~~.,.r to ::t~releration and forecln5uz~. tf tl~c breach is nnt :oree~ ~e ur i?is`orr ~hr daic ~{~rcit~«: ri i;i It,i r„t~~ 1.•n~tcr :~t I.~ n~trr'~ ~~;~tiun ~n:~~• de~lare tti of the sum5 secarcd h~ Ihis 11ort~~~;^ tv i~:irnedi.ite{~. duc an~~ ~a~:;f~~c ~~iti~"~e; f~•~ther d~•nt.~nr1 an;( ~nac furcclu>.~ ttii. \torl~a~c Ly judicial proceedin~. Lend.r ~Dea~l ~~.g (x• rntitled tir cui!~~t in ~u~li ~,nK•~,'",,• ::~1 c~pcr~•.<-~ ~~t' f,,:c~lo.ure. includii+~. but nnt limilcd t~, rra:~~nabie at(orne~'s fe•~~. an~1 c~~stti u[ ducuntciila.r~ e~i~lrnrr. :~h:tr~ci•, arrti tit!.: rc{~nr1~. 1~~. B~rru•,cr'~ Ki,'il tu t{rir•;,:t~. ~th~~.~•,~+~,. _ S r . .~.:c?r;.:L.•n rf thc ~t,mt °eu.*eJ h~ :nis ~tc~rt, - f~: T1:):~. ~ ~~1:~!1 ~1 .'.C 1°-:c'!.:}i. . ~ . i~ _ ~'ll. ~ ~'i ~r ~ .~~tf C::::~:CC 1f:i~ ~fl~~i;.t.:C (i1~C(~RillllSl'~~ .i~ :t ~ nI rz`; ~,55 r~a~E ~ ~...r_ ~ - = : , - _ • _ >j-•~ ~ ; :,r. * :s ~ ~d~ _ . n. . . _ . . . - . . - a_ ~3